|
djgtr
|
 |
January 11, 2018, 10:50:57 AM |
|
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
Well for me i believe that you must invest into crypto so that you can get more btc. Becaude if you where going to cash out that one i really believe that that btc will be simply loose slowly until such time that no one left in your wallet whike if you invest it maybe you can have more bitcoin in the near future. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Whoever mines the block which ends up containing your transaction will get its fee.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
blackbutterfly
Member
 Offline
Activity: 109
Merit: 10
|
|
January 11, 2018, 10:51:52 AM |
|
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?
|
|
|
|
blackbutterfly
Member
Offline
Activity: 109
Merit: 10
|
|
January 11, 2018, 10:53:35 AM |
|
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.
first if you want to grow that Bitcoin invest it if you lucky it is going to a better amount so that's my opinion for that case. |
|
|
|
nicko122
Jr. Member
Offline
Activity: 462
Merit: 1
|
|
January 11, 2018, 10:56:31 AM |
|
Of course you have to wait while it grows, it's a chance to make a profit, a good investment.
|
|
|
|
|
|
eann014
|
|
January 11, 2018, 11:04:30 AM |
|
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?
Why your friend did send you .03 btc? Is that bitcoin really yours now? or he just let you hold it for him? Well, if that's already yours now. You can invest some of it and some of it you can cash it out especially if you want to buy something stuff. That is already yours and that is already a free bitcoin of yours but if I we're you, I will hold it for a long term investment and make my friend realize that you are a good holder. |
|
|
|
|
zemb
Member
Offline
Activity: 168
Merit: 11
|
|
January 11, 2018, 11:13:11 AM |
|
I think you must Hold it. You have a chance of a lifetime there. Bitcoin is gradually growing up. And your money is also going up. You are making a profit by doing nothing.
|
|
|
|
|
|
Erlinda Santiago
|
|
January 11, 2018, 11:16:31 AM |
|
Wow thats great its a good start of trading bitcoin or investing what ever you like to do with that but if you need mobey so bad you can cash it out so it can helps on you needs because it worths a much
|
|
|
|
GeviraBrooks
Newbie
Offline
Activity: 25
Merit: 0
|
|
January 11, 2018, 11:17:33 AM |
|
I would sell it and buy etherium, research market a bit more and buy some more altcoins. No point in sitting with only bitcoin.
|
|
|
|
|
|
Victorycoin
|
|
January 11, 2018, 11:04:41 PM
Last edit: January 12, 2018, 12:08:23 PM by Victorycoin |
|
Thanks for the kind remarks and to everyone else for their valued input. Thought I'd let everyone know I cashed out ~$400 worth and left roughly $150 to let it ride. I made this decision based upon the holidays coming up and $400 would help out quite a bit. However, I'm excited to see the $150 appreciate some nice value  While $500 was a decent amount of BTC to hold I would have holded it for a few months to let it rise. You should have holded the money if you were able to afford the expenses from your fiat amount. Who knows, the $500 you had could have turned into $1000 in a few months. The $150 you hold now just turn into $300 if the above scenario came true. Though $150 is an average amount to hold it would have made a big difference with the $500 as the larger amount, the larger profit. Not when there are pressing needs and no other major source of income, in that case, cashing out $400 was well worth it, so now, he can afford to take his eyes off the balance of $150 for a long while. You can never have it all! If you're open to risk taking, you take some of the coins to your freebitco.in account if you have one, to benefit from its 4.08% annual interest on your balance, by holding any amount as from 30k satoshi and also you stop by every one hour to pick the free money from the faucet, which is without captcha. Note I did not suggest, you go playing the dice game because you might end up back at one. |
|
|
|
|
|
DySWv
|
|
January 17, 2018, 11:04:33 PM |
|
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 ~$500?
Well, I hope you did not convert it to fiat currency yet because nowadays the price of Bitcoin is at a low price. What you should do now is to be patient. Let it rest in your wallet for now. Just wait until the price of Bitcoin goes to the moon. Someday, your 0.03 Bitcoin will be equivalent to a large value. |
|
|
|
Prince Edu17
Member
Offline
Activity: 420
Merit: 28
|
|
January 17, 2018, 11:38:50 PM |
|
Man my suggestion is use your bitcoin in trading, your 500$ will be double triple or maybe more, just read in the forum there's a tutorial how to trade
|
|
|
|
|
LegGekkouga
Member
Offline
Activity: 77
Merit: 10
|
|
January 18, 2018, 12:14:05 AM |
|
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?
Give it to me hahaha nah just kidding. Its up to you sir, if you want a bigger value for your bitcoin then hold it, but if you want to buy something then get it. It really depends in you. |
|
|
|
janaiz
Member
Offline
Activity: 169
Merit: 10
|
|
January 18, 2018, 12:17:56 AM |
|
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?
Bro. If I have .03 btc like you, I will hold the half of it and wait to increase more and the other half I will invest it in exchange so it will grow up and use it in the future. |
|
|
|
|
|
Bambinoe
|
|
January 18, 2018, 12:19:45 AM |
|
Trade it to get some ETH so you can buy some prospective ERC 20 tokens.
|
|
|
|
dimastegar
Sr. Member
Offline
Activity: 798
Merit: 251
Small Trader
|
|
January 18, 2018, 12:25:41 AM |
|
0.03 Bitcoin is a fairly large number. Maybe if you use it for trading Altcoin, Bitcoin you have can increase. But with great risk. Bottom line, it's up to you because it's your money.
|
|
|
|
ardyology
Full Member
Offline
Activity: 238
Merit: 101
Escorting Meets The Sharing Economy
|
|
January 18, 2018, 12:41:18 AM |
|
The answer is always based on what do you plan to do with your life. I'm pretty sure you have a lot of goals, be it short, midterm or long term goals. However, like what you said 500USD is a lot of money already and you can buy things for you with that amount. And I can vouch that 500USD is so easy to splurge. Since you are asking us, I could advise you to start learning about coin trading. You can start with that as a capital and I can assure you that you could grow that money in no time - given the right strategy of course.
|
|
|
|
AdamRay
Member
Offline
Activity: 406
Merit: 10
|
|
January 18, 2018, 12:46:47 AM |
|
With 0.3 btc you can split it into two parts to invest. The part you use to invest in ICO projects that you feel good, the rest you use to buy some good coin is low price and keep it for a while. For ICO projects you should remember to study carefully before making an investment decision as there are too many ICO projects on the market.
|
|
|
|
|
gabbiee
|
|
January 18, 2018, 12:46:51 AM |
|
0.03 Bitcoin is a fairly large number. Maybe if you use it for trading Altcoin, Bitcoin you have can increase. But with great risk. Bottom line, it's up to you because it's your money.
I agree, 0.03 bitcoin can already be used as a capital on trading alt coins. There are a lot of alt coins in the market in which they have potential on being successful in the future. If you start to trade now your money will be doubled and you'll get hook on trading because of the profit you'll be getting every day. |
|
|
|
crypto4liife
Newbie
Offline
Activity: 29
Merit: 0
|
|
January 18, 2018, 12:47:22 AM |
|
Well for me a 100% friendly advice to you is you should learn how to earn in bitcoin and other currencies there are lots of individuals that started in crypto world lower than what you have. They research, studied and loads bunch of information before investing and they had not just been rewarded but changed their lives dramatically. I just seen that this message is a month ago now and i am hoping that youre already into investing now because crypto world is worth investing for but you should at least know what you have been doing. Because just like in any kind of investment there are no perfect way and knowledge is power for you to be able to succeed i wish you best luck in life May God bless us all!
|
|
|
|
|
JennetCK
Full Member
Offline
Activity: 305
Merit: 100
[PROFISH.IO]
|
|
January 18, 2018, 12:52:11 AM |
|
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 up to you dude if you will cash out that btc. It depends if you want to invest. Maybe you should try to invest the half and cash out the other half. $ 500 is a big amount but if you invest it, who knows? Tomorrow it will be $ 550 or $ 600. |
|
|
|
|
