I have 12 Bitcoin. What should I do???

[hotcoin1234]

Based on the success and free time that I have, I have decided to research the top 200 altcoins and release at least one analysis of them a day. Will release the results in this group (first 500 to join will get access to the premium group)
t.me/CookieCrypto


I have 12 Bitcoins. I am not a whale. I started about 6 months ago with 0.01 Bitcoins and $1000. I turned it into 12 Bitcoins so far and am pretty proud to say the least.

My question is, what do I do now?

As far as I can see, I have 4 options;

1) Hold the Bitcoin

2) Invest in altcoins and leave a little in Bitcoin

3) Fund a project and start my own cryptocurrency that solves a problem that current currencies face (scalability, Tx fees etc.). With the funds, I would be able to assemble a team, start a marketing campaign, get listed on exchanges etc. I am also a programmer which helps.

4) Convert it to fiat (probably the dumbest idea)


Edit: I should also add, I dropped out of school and have all the time in the world so can fully commit to any idea. I will earn my living of cryptocurrencies.

A few people have asked how I made my money so, if you are interested, here is a short summary:

Initially, I put it all into Bitcoin during the massive FUD of the fork around June when Bitcoin dipped to $1,900. Then I put half my money into NEO before all of the hype at around $12 and cashed out at $40. Then I invested in a couple ICO's and turned a pretty good profit of off the hype. After that, I got back in on NEO as soon as China announced the regulations regarding ICO's and rode the wave back from around $20 to $40 (I can't quite remember). Then, I rode the hype of Ethereum Dark, eBitcoin and a few other airdrop scams. Finally, I got in on Wincoin before it got to coinmarketcap and turned a 20x profit.

If according to me i will choose option 1 2 and 4 at the same time. Definitely 4 might be the dumbest to you, from what i know Bitcoin is one of the highest volatility market and i will sggest you withdrawal abit ot to invest in other instrments that is not so volatile to safeguard some of your winnings, money in the world is limitless you do not need to rush to earn money every minute and seconds.

[mr.niwangz]

For me, take your 12 btc first so long enough to get your value available. Now btc drops $ 9500 which is for me a big drop so you wait to get back to the previous $ 11000 btc.

[guanyikclkv8593]

If I were you, I will hold what I have and wait patiently for the price to be very high. At the same time I will putn in  more money to buy in more other coins to earn more money.

[amitkumratra]

In the this year, the value of BTC has been decrease and the market is flooded with new Altcoins, which are taking over the market. So you can keep some of the BTC for future profit and rest you can sell for investing in new Altcoins. But do it this after deep study of the market. Although it is your decision to sell or keep your bitcoins.

[jsscswan]

You can invest the bitcoin you have and switch to altcoin that provides benefits even if we just let it stand. The rest you better keep the bitcoin difference you have. Maybe both ways are the safest thing to do.

[Anonymous Kid]

You can invest the bitcoin you have and switch to altcoin that provides benefits even if we just let it stand. The rest you better keep the bitcoin difference you have. Maybe both ways are the safest thing to do.

Considering the options, I am diversifying in bitcoin and alts.

[george_hured]

If you already have 12 BTC, then I think that you have a great opportunity to earn even more, so let's hope that all the same you can do it, but you need to select projects very carefully, I have investments in projects

[InGODweTrast3]

It seems to me, it's a good idea to put the bot trading (short) with the classic pair BTC / ETH
Regards

[sorehammer]

You have a very hand some amount of BTC options open before you,you can hold your investment till the value of BTC reached to highest level,You can invest in ICO,other Altcoins like ETH,BCH,RIP for short term,in this way you can make handsome profit.Price of altcoins are also increasing on daily basis.You can turn your profit into BTC and hold it for upcoming months to get higher return.

[Olena9797]

If i were on your place i would like to split it. 6 btc i would leave in a hard wallet, another half split between different altcoins

[Cuthbert Allen]

I think you should keep it . To sleep well because it is stable

[blueteam09]

Holding will not be a good choice as you can make a lot of money from your 12 Bitcoins if you trade or invest in ICO projects. Holding the same as selling makes your cash dormant. It does not add up. Why do not you use it to multiply your Bitcoin number?

[Captain_Planet]

Probably he possible doubled them already through traqding or cashed out when bitcoin reached at 20K, because its three months till he posted this topic.

[Anzal RK]

1. Just hold on your bitcoin.
why not just hold back.
because I am very confident that now is the time when bitcoin is decreasing.
and I'm very sure too that bitcoin will skyrocket again.
I think two or three more years the bitcoin will return to the skyrocketing price where everyone wants it.

[Cryptodaddy05]

At the time of the OP 3 months ago on Nov 27 2017 BTC was worth $9,750 and the 12 BTCs were worth about 117K, and if you had held them in a cold storage wallet they would be with about the same today at 120K with BTC at $10,080 - with a minimal gain of 2.5%.

If you had however ridden BTC up to $19,000 in December, and then invested say 60% of the 230K it was worth (7.5 BTC =140K) into good and promising altcoins and ridden them say 3x higher to their January high turning the 140K into 420K - and then sold the 420K back into BTC at say its price of $15,000 on January 10, then you would have got 28 bitcoins plus the original 4.5 you held for a total of 32.5 BTC now worth about 330K which is 275% more than the 120K worth you would have by simple hodling!

Obviously timing the market like that is difficult and fraught with risk, but I do think there is a medium term wave pattern in crypto markets - where BTC initially leads the market up with a final large rise in price as new investors are drawn in and that as BTC prices flatten out other large cryptocoins then begin to rise to a peak before medium to smaller altcoins then rise to their peak, and then finally BTC comes crashing down taking altcoins with it who suffer even bigger losses before the whole cycle starts again!

So at present I’d be holding the 12 Bitcoins waiting for it to get back up near $20,000 which it should do about mid-May looking at chart analysis, and then put 60% of the gains into good altcoins and ride them 2-3x higher over the next month or so after that - but the important thing is to remember to put the capital and gains back into BTC before the whole thing crashes down again, and then wait for the next cycle to triple your capital again!

And that’s a million dollars in 3 cycles over say 18 months from your 120K!

[paulsen]

Very inspiring stories, not everyone could do something like that. Its not easy to get 12 btc. I bet that you spent most of all your time in front of your computer to research and watch the price.

[Ch1bi]

I would definitely say hold them. You can also take a portion of one, and trade it for other alts to make a profit if you know what you're doing.

[pinkman12345]

Probably he possible doubled them already through traqding or cashed out when bitcoin reached at 20K, because its three months till he posted this topic.

when you have huge amount of Bitcoins then cashing out is yet another problem and even on high price things seems difficult as the government dont understand BTC, even though you pay the taxes they will think that you are just converting black to white.

[lamacchia]

wow, this is an interesting experience. there is no harm to success despite dropping out of school. and you prove that even if you drop out of school, your life is not in vain. if I'm in your current position, maybe I'll sell some or all of the bitcoin I have. but you should see first what the selling price

[Kamelia]

With just one look at your post, i can say you're a lucky guy with good timing in investing and have the heart to hodl coins. If i have 12 bitcoins, then i will just let it stay in my btc wallet and let it grow because btc is continuously growing all the time.