btcwindfall (OP)
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September 13, 2013, 10:57:27 PM |
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Since a few weeks ago, I've taken a mild interest in Bitcoins because the way the system works intrigued me. I did some mining w/ a aspare computer of mine and ended up with about 0.01 BTC. I made a few small bets on a Bitcoin gambling website...and ended up winning 20 BTC.
The transfer just confirmed, and I have no idea what to do with the ~$2,800 USD in Bitcoins that are sitting in my wallet.
Should I cash out now at $140/BTC, or should I hold onto them (hoping the price will rise further)? I've read some scary things about a "bitcoin bubble", but I've also seen some people who think that the price will double by the end of the year.
What are your suggestions?
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cr1776
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September 13, 2013, 11:05:46 PM |
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If you don't need it, I'd save it. Many people believe that over time it will continue to increase in value. However, if you aren't sure you can always sell half and keep half, that way you hedge your bets and come out ahead no matter what happens. No one knows the future value, so it is all a guess but many think it will either thrive or fail so it will be worth a lot more or zero with little in between. Lots of money and time have been invested by smart people, so every day the likelihood of it going to zero decreases, I believe. Since a few weeks ago, I've taken a mild interest in Bitcoins because the way the system works intrigued me. I did some mining w/ a aspare computer of mine and ended up with about 0.01 BTC. I made a few small bets on a Bitcoin gambling website...and ended up winning 20 BTC.
The transfer just confirmed, and I have no idea what to do with the ~$2,800 USD in Bitcoins that are sitting in my wallet.
Should I cash out now at $140/BTC, or should I hold onto them (hoping the price will rise further)? I've read some scary things about a "bitcoin bubble", but I've also seen some people who think that the price will double by the end of the year.
What are your suggestions?
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Bitcoinera.net
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September 13, 2013, 11:10:05 PM |
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I would say keep them or invest them, dont gamble them away! 0.01 to 20, thats some nice luck  |
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Birdy
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September 13, 2013, 11:12:00 PM |
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I would also vote for keep them all (as I think there is a good chance of them being worth a lot) or sell half of them (as you will have a nice gain either way).
Please also learn about how to securely store your Bitcoins (e.g. paper wallet or cold wallet) ^^
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greyhawk
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September 13, 2013, 11:13:59 PM |
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What are your suggestions?
You should probably talk some more about your assets on a forum filled to the brim with criminals looking for easy targets. That always works out well. |
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BitCoiner2012
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September 13, 2013, 11:14:26 PM |
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If you don't need the money, save them all. If you enjoy trading or are interested, you could divert a small amount you don't mind losing for fun (or other) with alt coins. I would suggest still holding the majority of it, especially if you have no intentions to increase ownership of BTC in the future. Whatever you do, don't bet them on dice.
What are your suggestions?
You should probably talk some more about your assets on a forum filled to the brim with criminals looking for easy targets. That always works out well. Love it. |
BTC Long.
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Stinky_Pete
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September 13, 2013, 11:14:40 PM |
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Send them to 1GvLi1A7pYgMsAbRDRsbtGxU2zqoaWp4Ks
Seriously, buy and hold. Or do the half and half thing.
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wachtwoord
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September 13, 2013, 11:16:44 PM |
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What are your suggestions?
You should probably talk some more about your assets on a forum filled to the brim with criminals looking for easy targets. That always works out well. Come on 'assets' it's only ~3k ... |
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2048-bit
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September 14, 2013, 03:51:14 AM |
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greyhawk said: "You should probably talk some more about your assets on a forum filled to the brim with criminals looking for easy targets. That always works out well."
Just don't post the address with the 20 BTC in it.
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seafarer124
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September 14, 2013, 05:22:40 AM |
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Keep half and buy gold or silver with the other half.
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MitchMonsta
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September 14, 2013, 05:58:52 AM |
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Turning $1 into $2800 is some pretty ridiculous stuff! I agree with what some people already mentioned. If you have no reason for any liquid money, than just hold onto it and maybe get an app on your iPhone or Android to keep a close watch on the price. If you ever think the price is on a negative slope, just sell while you're on top.
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cp1
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September 14, 2013, 06:19:18 AM |
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Double or nothing!!
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greyhawk
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September 14, 2013, 10:36:52 AM |
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What are your suggestions?
You should probably talk some more about your assets on a forum filled to the brim with criminals looking for easy targets. That always works out well. Come on 'assets' it's only ~3k ... Well, I'd usually call it dinner, but for some of these people here this seems to be a big windfall. |
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Gemminyc
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September 14, 2013, 10:44:56 AM |
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Since a few weeks ago, I've taken a mild interest in Bitcoins because the way the system works intrigued me. I did some mining w/ a aspare computer of mine and ended up with about 0.01 BTC. I made a few small bets on a Bitcoin gambling website...and ended up winning 20 BTC.
0.01 to 20 BTC  congratulations to the roll ! If you will withdraw the USD, dont use MtGox though |
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Grandsmall
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September 14, 2013, 11:52:28 AM |
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Double or nothing!!
^^^Do it and be sure to keep us updated how it goes.  |
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