A friend sent me .03 BTC - what to do now?

[iMark]

You are lucky that your friend gave you 0.03 Bitcoin. It may be small for now, but it can become big next time. So for now, let it rest in your wallet. Do not cash it out. Just hold as long as you can. Its price is climbing up again this year. I really think its price this year or on the next following years will be greater than its price last year. I hope you have not cashed it out yet.

I think 0.03 btc is including small amount mate. even though the bitcoin price goes up twice as much as it, i think will not make you rich? I think it would be much better if you grow your bitcoin, maybe by trade, binary, investment, etc. I think it would be much better because certainly the amount of your bitcoin will be more much and will provide greater benefits than just holding back, after all risk is 0% because your bitcoin is free from your friend right ? lol

[1714686788]

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[1714686788]

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[Panyut]

You only need to do mining with the capital given to you, you should be able to make 0.3 BTC  more

[coynedterm]

So long story short, a friend owed me for a favor and since I did not have bitcoin before he asked If I would take it in BTC. I didn't mind since I can cash out whenever.
My question is.. what do you think? Its a decent chunk of money for me to just hope something keeps rising, do you think I should "let it ride" or cash out and just be happy with ~$500?

I have three options for you to use .
First option is to make inevstment of or your btc in any project , looking legimate and make profit into big .
Second option for you to make trading with your bitcoin for those altcoins which are having flcutuations much weekly ,and make small small earnings in small small % day by day .
Third option for you to do nothing , just hold your btc in your wallet fo 2-3 years and then enjoy it for much amount of money .
Otherwise if you will sell your bitcoin today then what you will get , only small amount of money and nothing , so to have bitcoin instead of fiat will be more better for you .

[Nerman]

So long story short, a friend owed me for a favor and since I did not have bitcoin before he asked If I would take it in BTC. I didn't mind since I can cash out whenever.
My question is.. what do you think? Its a decent chunk of money for me to just hope something keeps rising, do you think I should "let it ride" or cash out and just be happy with ~$500?

It is pretty simple. Here are your options.

If you are not familiar or not interested with Bitcoin or cyrpto currency and you really don't need the money then just hold it and forget about it. Just put your wallet logins on where you can remember it. You maybe surprise on how much it will be worth after a few years.

If you know how to trade then use it for trading.

If you really need the money then cash it out.

[josephinerosdy]

why you cash out if you can earn more in crypto. you can just hold for long term or change to altcoin and trade it to earn more profit.
but if you have no idea about bitcoin / crypto and not interested in crypto, the best way is cash out.

[Clover_Faith]

So long story short, a friend owed me for a favor and since I did not have bitcoin before he asked If I would take it in BTC. I didn't mind since I can cash out whenever.
My question is.. what do you think? Its a decent chunk of money for me to just hope something keeps rising, do you think I should "let it ride" or cash out and just be happy with ~$500?

Wow. If some one give me a bitcoin i will pray them for being kind. And i spend it to important things. But you can use it to invest to make it grow or trade it to use its your choice what to do.

[pushups44]

It's up to you to do whatever you want with it, though if a friend sent me that I'd be tempted to keep it for a long time. While the bitcoin bubble may burst, there is the possibility of the price going multiples higher if the right upgrades are made to the network and soon.

[adhika.g]

 I would advise you keep it or start trading with small amount to see if it interests you

[Maheshkumar_Hrangkhawl]

So long story short, a friend owed me for a favor and since I did not have bitcoin before he asked If I would take it in BTC. I didn't mind since I can cash out whenever.
My question is.. what do you think? Its a decent chunk of money for me to just hope something keeps rising, do you think I should "let it ride" or cash out and just be happy with ~$500?

Your friend might have paid quite a lot in paying the transaction fee. IMO, 0.03 BTC is not a very big amount. Even if the exchange rates increase by 1,000%, the coins will be worth less than $5K. Not a very significant amount of money as far as I am concerned. Perhaps you can use this amount as a starting block. You must add upon this amount and aim for BTC1.00.

[sr32703]

you should hold it because bitcoin price now little bit up & down. I think price will increase fastly. while price high then sell it & earn huge money.

[raven1322]

So long story short, a friend owed me for a favor and since I did not have bitcoin before he asked If I would take it in BTC. I didn't mind since I can cash out whenever.
My question is.. what do you think? Its a decent chunk of money for me to just hope something keeps rising, do you think I should "let it ride" or cash out and just be happy with ~$500?

Since its technically a money that you can afford to lose, maybe you can try and perform some alts trading. Or You can just buy other altcoins and hold it until it grows then sell it to bitcoin again.

[Kulafu]

Trade it and double the amount. that btc is a good start to be the trade of btc.

[Sunyoto]

If I think it's better to think about strategies for how we can make a lot of profit in the future. I think you will be lucky in your future because for me the value of 0.3 bitcoin is not small, you can invest your bitcoin in trading it very quickly get results in the short term. than you sell it nowadays you will lose huge profits for you.because you will get many benefits because bitcoin price is promising everyone. Because many do on bitcoin the bitcoin price will tend to be even higher.

[Dreamchaser21]

It depends on you. It will rise up. If you don't need money very urgently then why not let it go up.

Holding on it is a great option and if you want to earn faster profit then do trade it. Start learning first because you got a good amount of bitcoin to use as your capital. Cryptoworld is a great source of money which offers amazing technology, do it wise.

[Selapesek]

You seem to be a budding entrepreneur if you don’t need the money then let it ride but make sure you store it somewhere you have full control over. You could also benefit from the wave of airdrops and Bitcoin forks which may add value also

[housa]

This depends on your own decision, this is your money, I suggest you can try to choose to ride it and I think you wouldn't lose out considering that $500 dollar you got for a favor.  

[ostrogoto2012]

This depends on your own decision, this is your money, I suggest you can try to choose to ride it and I think you wouldn't lose out considering that $500 dollar you got for a favor.  

I would wait little bit, cash out when bitcoin is around 20k dollars would be the best choise , or he can reinvest in other project! what do you think about it?

[arcfaith]

That's kind of your friend lol. I will recommend converting BTC to ETH after holding it for half to a month more when BTC rises back. From there, you can use ETH to look into different coins that you feel is worth investing.

[reck1ess]

So long story short, a friend owed me for a favor and since I did not have bitcoin before he asked If I would take it in BTC. I didn't mind since I can cash out whenever.
My question is.. what do you think? Its a decent chunk of money for me to just hope something keeps rising, do you think I should "let it ride" or cash out and just be happy with ~$500?

My suggestion would be to hold for a while and wait for bitcoin price to rise up a but. Right now bitcoin goes down so holding would be a good idea.  Well it still depend on you on what to do with your money.

[gakadem]

you should use for capital tradding, because if only in silence it will not increase ..
look for altcoin that you think will potentially rise in price, and you can sell it later, so your BTC balance increases
but it's up to you also somehow what you will do