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Mainman08
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December 13, 2017, 07:54:05 AM |
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If i were you just hold if as long as you can. Bitcoin keeps growing nowadays. Or buy some crypto that has a potential to grow.
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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Kprawn
Legendary
 Offline
Activity: 1904
Merit: 1073
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December 13, 2017, 07:57:41 AM |
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$500 is not a deal breaker, but if I was you, I would hold onto the bitcoin for a while longer. The Bitcoin price nearly increased with 800% since the beginning of 2017. If this happens again in 2018... then your $500 bitcoins might increase in value to between $3000 to $4000. {No guarantee for that, but it might just happen} .... If you need it and you cannot afford to hoard it, then you should cash it out.  |
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ardhigalau
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December 13, 2017, 08:02:52 AM |
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You're really lucky, if you're still confused what you want to use for what, better just hold it for as long as possible. That will give you a profit as the price keeps rising.
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TopT3ns
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December 13, 2017, 08:16:09 AM |
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if you still need the money, cash out some and hold the btc, it will rise more in future, with speculation of the price, maybe you wouldn't need to worry about investment
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Fuhre
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December 13, 2017, 08:24:08 AM |
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If I become you, I will use btc to make more, I will trade with it. but you have to have a bit of expertise to trade. Or the btc for investment as you said at the beginning, until the price goes high then you sell it.
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KevinHD
Member
Offline
Activity: 232
Merit: 11
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December 13, 2017, 08:34:36 AM |
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Make it grow by the means of Trading, and joining Signature Campaigns! Don't think of spending it for short term satisfaction, set some long term goals for yourself by using if if its price peaks at twice of its current price. Say thank you of course and think of much better future having it.
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ShadowBits
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December 13, 2017, 08:41:12 AM |
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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 would like you to keep it for the long run, that much money will be more if you just keep it for the next 5 years. |
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bakerlisa510
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December 13, 2017, 09:20:43 AM |
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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 will say that just go with the flow man, and let it get store in the wallet you are lucky that you got it in BTC. |
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RawDog
Legendary
Offline
Activity: 1596
Merit: 1026
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December 13, 2017, 09:24:15 AM |
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do you think I should "let it ride" or cash out and just be happy with ~$500?
Just wait a few more months and then buy a Lamborghini. |
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lighpulsar07
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December 13, 2017, 09:34:40 AM
Last edit: December 13, 2017, 11:16:08 AM by lighpulsar07 |
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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?
you must decide on your own because taking someone's advices sometimes wouldn't be fit for you and you will end up failing or regret that you took your someone's decision if you know the bemefits and risk of holding bitcoin then go hold it but if you are playing safe don't risk your money for bitcoin them cash out and be happy or something else in your mind might help you earn money then go for it. In the end your decision will be important no matter what happens you will be happy |
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kiddeon123
Full Member
Offline
Activity: 291
Merit: 101
https://icoenergy.org/
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December 13, 2017, 09:36:18 AM |
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even these money is not much I still think that you may be able to use it in tradings. Invest in some tokens or other crytos and gain experience on trding. so that when you are ready to invest big, then you have already an idea about it
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salihno71
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December 13, 2017, 09:41:43 AM |
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If you don't need this money like right now, keep the bitcoins. Just check the price movement for the bitcoin in the last year and you'll understand why. Price will most likely still go up at least tenfold in the following couple of years so you'll end up wilt a much higher amount than you would have if you would change into usd right now.
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ronremsey25
Full Member
Offline
Activity: 161
Merit: 101
AI SOLUTION TO VOLATILITY IN YOUR CRYPTO SAVINGS
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December 13, 2017, 09:43:11 AM |
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It depends on you, if you want a cash now you can withdraw it immediately. But if you want to make a profit out of it. You can invest it or you buy some alt coin that has a potential in the market. Do some trading buy and sell so you can expand the amount of alt coins you have.If you double your money, you can withdraw the half and invest or trade the other half.
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godrey123
Member
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Activity: 188
Merit: 10
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December 13, 2017, 09:49:49 AM |
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I think you should try to invest it. Do some tradings and make it grow. in that way you can have the knowledge of how trading works that you can use in the future.
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adiksau0414
Full Member
Offline
Activity: 434
Merit: 100
Chainjoes.com
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December 13, 2017, 09:54:48 AM |
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Wow, for me its already big. Your friend is generous to do that rather than pay you in cash. I know the feeling also, i would think all over again what to do with it, but maybe its your own choice what to do with it. Invest it? Why not but ofcourse be careful in choosing what to invest. Hold it? Thats possible also, bitcoin next year (2018) would be the best year for it. It might another record high value and your itcoin might double its value. If your heart wants to encash it and enjoy the money youve waited for sometime its fine also, after all you deserve that. But remember it would mean you can enjoy it in just short period of time.
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camaund
Jr. Member
Offline
Activity: 37
Merit: 1
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December 13, 2017, 09:57:13 AM |
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Safer bet: Just hold and watch it grow. Or a more active approach, wait for alt-coins to stop pumping, and after a correction buy 2 or 3 from the top 15. Avoid bitconnect, BTG, and be cautious of Bcash pumps.
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Harlot
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December 13, 2017, 09:59:27 AM |
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Well I don't think it would be any good for you to hold Bitcoin without you having personal knowledge on holding a cryptocurrency, holding it gives you responsibilities of monitoring the prices frequently as the prices always change fast. Also are you aiming to earn some money with it? If you do the best thing to do now is to cash it out first and try to learn how to trade Bitcoin or other cryptocurrencies.
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Venkman83
Newbie
Offline
Activity: 9
Merit: 0
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December 13, 2017, 10:16:00 AM |
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I would start trading with this amount. If you lose it, it's not the end of the world. But you can gain a lot if you're successful
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dustboy
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December 13, 2017, 10:23:50 AM |
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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?
You know your own needs, don't you? If you have no other money on your pocket or you have other thing to pay so cashing it out would be the best option to do but if you have no other things to worry about and you still have money so I think you can hold it till its value increase some more dollars. You can also use it for trading or invest in an ICO project, it is not recommended if you have never done it before though. |
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kingragnar
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December 13, 2017, 10:24:12 AM |
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so much Bitcoin has a lot to do. If it's my work, what I will do first is withdraw right up to getting into fiat money that you can buy first what you want to do with that money. So now that 0.03 N bitcoin is almost 497 USD so far not as it was before half its price. my second choice is to grow with trading industry somehow maybe a lot happens this way and that Bitcoin has given me to grow double. and I hope it will also give me a lot of Bitcoin so much that I will be very happy about it.
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