jakerslake (OP)
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February 01, 2014, 01:00:48 AM |
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OK so a while back, when the bit-coin was worth about $6.25 a piece, I convinced a friend of mine to purchase $100 dollars worth of bit-coin, which got you a whopping 16 bit-coins at the time. My friend was un able to get into his wallet until about a week ago, so it was quite a surprise. He is keeping them in an offline bitchain wallet. What is the best site to sell bit-coins and what is the best place to store them?  |
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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byt411
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February 01, 2014, 01:05:44 AM |
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Store offline, or send them to me. Yay!
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MakeBelieve
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February 01, 2014, 01:06:48 AM |
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You could invest it in something or you could just sell them at the exchanges but no one can tell you the best ones just search up bitcoin exchanges.
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On a mission to make Bitcointalk.org Marketplace a safer place to Buy/Sell/Trade
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kaysersoze
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February 01, 2014, 01:07:59 AM |
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dont do nothing and wait for 5y is your best option
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frankenmint
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HoneybadgerOfMoney.com Weed4bitcoin.com
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February 01, 2014, 01:09:43 AM |
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dont do nothing and wait for 5y is your best option
This and then...only spend out 2 coins...keep the bulk of them as long as you can. |
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MakeBelieve
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February 01, 2014, 01:13:04 AM |
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dont do nothing and wait for 5y is your best option
5 years? Really that long that's pretty percise for you to guess that is the best time to sell I say sell when you are happy. |
On a mission to make Bitcointalk.org Marketplace a safer place to Buy/Sell/Trade
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ManeBjorn
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February 01, 2014, 01:15:37 AM |
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Maybe buy yourself a few things you want and set aside 6 to 12 of them as the price increases. I always accept donations though if you want to give one to me.  Seriously though do something with a little bit of them that you really want saving the rest. That way you can enjoy the benefits of having something worth a good amount and also having purchased something you wanted. The sky's the limit with Bitcoin. Enjoy! |
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el_Tico
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Activity: 88
Merit: 10
"Fly you fools"
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February 01, 2014, 01:15:54 AM |
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I say keep them if you don't need the money now. In 5 yrs from now you will wish you didn't sell.
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gentlemand
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Welt Am Draht
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February 01, 2014, 01:23:27 AM |
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Tell him to forget about them for a few more years unless there's an absolutely desperate need. Forgetting about it seems to have served him pretty well so far.
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steeev
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February 01, 2014, 02:30:34 AM |
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keep 15 and use 1 as a way to tip/donate to useful people/organisations ...and also to send to people you introduce to BTC 1 or 2 cents at a time...
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MakeBelieve
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February 01, 2014, 02:31:35 AM |
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keep 15 and use 1 as a way to tip/donate to useful people/organisations, and also to send to people you introduce to BTC ( 1 or 2 cents at a time )...
Good idea that would be great incentive to new people that the op has introduced to Bitcoin the remaining coins hold onto until the right price comes. |
On a mission to make Bitcointalk.org Marketplace a safer place to Buy/Sell/Trade
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Phinnaeus Gage
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Bitcoin: An Idea Worth Spending
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February 01, 2014, 02:36:38 AM |
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Newbie status, with the post starting with "OK so", ergo (that means 'therefore') this has to be an excellent OP to read.
theymos, what are the chances of you creating a Trollbie section on this forum?
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Nathonas
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February 01, 2014, 02:37:07 AM |
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I highly recommend armory bitcoin wallet. Make sure to follow their procedures (view only wallet, full one on usb drive on an offline computer ) so you're basically theft proof. If you're into day trading, keep half or so in a reputable exchange like btce.
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All we have to decide is what to do with the time that is given us.
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RodeoX
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The revolution will be monetized!
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February 01, 2014, 02:42:48 AM |
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Consider just spending them rather than "cashing" out. Go shopping at Overstock or TigerDirect.
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empoweoqwj
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February 01, 2014, 03:31:28 AM |
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OK so a while back, when the bit-coin was worth about $6.25 a piece, I convinced a friend of mine to purchase $100 dollars worth of bit-coin, which got you a whopping 16 bit-coins at the time. My friend was un able to get into his wallet until about a week ago, so it was quite a surprise. He is keeping them in an offline bitchain wallet. What is the best site to sell bit-coins and what is the best place to store them? Store them as they are, in an offline wallet. Sell them? Bitstamp ..... certainly don't be attracted to Gox by the high prices or you will be goxxed |
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trancehun
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February 01, 2014, 08:58:02 AM |
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Hold it
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texaschainsaw54
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February 01, 2014, 09:03:58 AM |
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Hold on to 13 of them and use 3 or so to invest in smaller currencies or donate a small bit of on. (or give some to me)  |
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BTCkuku
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February 01, 2014, 09:32:22 AM |
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keep 15 and use 1 as a way to tip/donate to useful people/organisations ...and also to send to people you introduce to BTC 1 or 2 cents at a time...
+ 1 Nice idea. |
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hilariousandco
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Join the world-leading crypto sportsbook NOW!
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February 01, 2014, 10:35:01 AM |
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Sell them on mt.gox. Jk. I'd keep them, but maybe you need some money. If you do, sell a handful and keep the rest where they are.
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Ritual
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February 01, 2014, 11:30:14 AM |
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Newbie status, with the post starting with "OK so", ergo (that means 'therefore') this has to be an excellent OP to read.
theymos, what are the chances of you creating a Trollbie section on this forum?
Sense, this makes none. *baffled* |
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