Just got into BTC

[ajja]

if you are very afraid you better exchange it and deposit it in the bank directly, because if you save in btc is very big risk. We no one knows in the future whether the price of BTC will return high or the price will go down.
but I suggest you get rid of that fear and start saving btc for the long term. I am sure you will reap many profit.

[kaya11]

Hello boys, I received a big amount of money in BTC & decided to keep it instead of putting it into my bank directly.

I'm really stressed about BTC, I don't wanna lose all this money because it's a big amount for me.

I don't know what to do anymore, wether holding or getting it into tether. Help

Keep your self anonymous and don't brag about how much Bitcoin you've got there, if I were you, if you can dtill manage to live on by the day and the next coming days or even a year or more, I would just sit tight and watch movies. Wait for it as we are all waiting for some big moments to come, I mean big news and good news about Bitcoin, a sky rocket of price maybe an that is the right moment to convert it into cash.

[giantrobot]

This depends on your confidence and assertiveness. There are too many answers when you ask a question.
Really in my opinion, if you want to be safe, sell it now for 10k dollar s. 10k dollars is a good price recently, after bitcoin's no-braking time.
If you like adventure, then you can keep it. Bitcoin can rise beyond $ 20k, I guess, but I'm not sure when. Or maybe it will drop?
In a nutshell, this post of mine is to express my objective opinion for your reference. Your ability to get rich depends on you, I am not sure about my ability, so I only contribute opinions, not instructions.

[RealMalatesta]

Tether is crashing, so as your money will eventually crash along with it, there are other stable coins that is still quite reliable like USDC, You can make use of that I would really had advised you to go for holding, but because of the volatility of bitcoin which could be in 2 ways, you know that the more you have in holding, the chances you have of getting more when the rice of bitcoin is increasing and vice versa.

I don’t know what you are scared of putting the money in bank, if I was to advised you, I would ask you to out half of it in your traditional bank and use it for more investment that are not digital assets, you could use it to buy gold and hold your funds in it in case you done want to have it where you can easily spend, crypto is full of risk, better you don’t just rely on one source to save your money.

[Mpamaegbu]

Hello boys, I received a big amount of money in BTC & decided to keep it instead of putting it into my bank directly.

I'm really stressed about BTC, I don't wanna lose all this money because it's a big amount for me.

I don't know what to do anymore, wether holding or getting it into tether. Help

No time is too late to say welcome and to that I say welcome to the crypto world. However, besides all that you're going to read here as suggestions, remember that none should serve as financial advice. In furtherance, I think it would've helped more if you told us how much this money you received is so that the traders here can suggest to you areas of investment you can go into to increase your holding and whether it is worth selling off and rebuying at a later time.

[dantee1]

Where is your fears coming from? Is the fear of loosing your Bitcoin to hackers or the fear of the price falling sharply?

If you are afraid of loosing your Bitcoin to hackers as you are not ready to exchange now. If that is your problem, the best way to store your Bitcoin to avoid hackers is on a cold wallet. Believing you already know what cold wallet is, I will recommend you get Trezor because that is what almost everybody is using. It's easy to use and 100% secure.

If your fear is about the Bitcoin volatility, all you need to do is to keep your eyes open to the market trends. Follow the daily price indicators. As soon as you begin to notice any sign of sharp falls, that may be the time to make your decisions as to whether to keep or sell off.

[timerland]

If you're worried about the biggest cryptocurrency that's been around for numerous years, seen numerous public mentions and good publicity, as well as been seen as a great investment by numerous insitutions, I'd recommend you to say from altcoins.

There are a large variety of dodgy altcoins, that have a multitude of issues but still have cult-like followings.

If you are stressed about bitcoin and losing value, there are 2 options from what I see.

1. Sell half of it so you have piece of mind.
2. Set a sell order that automatically sells all your bitcoin when it hits a certain low price and you don't want to lose more money.

Good luck mate, I hope you like BTC and hold it with all of us!

[Fredomago]

Tether is crashing, so as your money will eventually crash along with it, there are other stable coins that is still quite reliable like USDC, You can make use of that I would really had advised you to go for holding, but because of the volatility of bitcoin which could be in 2 ways, you know that the more you have in holding, the chances you have of getting more when the rice of bitcoin is increasing and vice versa.

I don’t know what you are scared of putting the money in bank, if I was to advised you, I would ask you to out half of it in your traditional bank and use it for more investment that are not digital assets, you could use it to buy gold and hold your funds in it in case you done want to have it where you can easily spend, crypto is full of risk, better you don’t just rely on one source to save your money.

Same with me, if you have a huge amount of crypto and you are unsure if what to do with it better to split it up and make a use of it in other forms of investment, you need to be practical being afraid means that you are not ready to see the value of your assets being dumped chances that you'll going to panic once you see massive dump is ongoing.

You have options to consider, learn more around crypto market while holding your coins or split it up and cash the half into your fiat while still in the learning stage then try growing your remaining assets when you already have good understanding about this market.

[libert19]

Don't do anything in hurry, you will most likely take a wrong decision if you do so.

Get a hardware wallet like Ledger nano/Trezor and keep your BTC there. If you are not sure how to setup, check video guides, you will find 'em on YouTube.

Good luck, may BTC give you massive profits!

[SuperTA]

Hello boys, I received a big amount of money in BTC & decided to keep it instead of putting it into my bank directly.

I'm really stressed about BTC, I don't wanna lose all this money because it's a big amount for me.

I don't know what to do anymore, wether holding or getting it into tether. Help

Sell all btc  now  add keep  usd  . Then  after months  ( when  btc  becomes  more sheeper) buy  more  btc  again by the same  usd . 

Never ever sell everything in a bull market! My advice is to hold majority of your bitcoins. If you want you can trade some between important lines. To sell a small amount of holdings at the important resistances and buy at the important support levels. If you sell everything you risk to be shaken out like many traders were shaken at 4k, 6k. They are now angry no-coiners and they are  still hopping for bitcoin to drop. Don't be one of them.

[Juggy777]

Hello boys, I received a big amount of money in BTC & decided to keep it instead of putting it into my bank directly.

I'm really stressed about BTC, I don't wanna lose all this money because it's a big amount for me.

I don't know what to do anymore, wether holding or getting it into tether. Help

Keep your self anonymous and don't brag about how much Bitcoin you've got there, if I were you, if you can dtill manage to live on by the day and the next coming days or even a year or more, I would just sit tight and watch movies. Wait for it as we are all waiting for some big moments to come, I mean big news and good news about Bitcoin, a sky rocket of price maybe an that is the right moment to convert it into cash.

@stupidbtcayy you have made a wise decision of investing in bitcoins, but it seems to me that you have not done your research regarding bitcoins volatility. I would advise you to read more about Bitcoins and how volatile they’re, and follow the golden rule i.e. learn to ignore all short term fluctuations, and keep holding bitcoins for the long term. Also I can understand everytime prices dips you feel you have made a loss but unless you sell your coins there’s no loss, hence just hodl them and sell them when they’re at it’s peak.

[SuperTA]

At least don't sell into tether. If you want to sell - USD is better than tether. There are exchanges that you can sell in usd. Bitstamp for example. But it's not the only one.

[michellee]

Hello boys, I received a big amount of money in BTC & decided to keep it instead of putting it into my bank directly.

I'm really stressed about BTC, I don't wanna lose all this money because it's a big amount for me.

I don't know what to do anymore, wether holding or getting it into tether. Help

If you have another money, then you can save the bitcoin in your wallet until the bitcoin price increase so high then you can keep the bitcoin. You don't have to feel stressed about bitcoin because nothing to be worried. You can also learn about trading so you can try to increase the bitcoin amount you have by buying and selling bitcoin in the market. But that will not be easy as you need to know how to analyze the price so you can make a profit.

[shoreno]

At least don't sell into tether. If you want to sell - USD is better than tether. There are exchanges that you can sell in usd. Bitstamp for example. But it's not the only one.

The op said that he is afraid that his money will decrease so he is asking if tether is a good option to secure the value of his btc  but he can also exchange it for usd right away   . 

deciding to save in the form of bitcoin is the right decision

For you yes but for the op  , you can see that he is nervous based on his statements so i think saving on btc is not really suitable for him  .

if you keep in the form of bitcoin then there will be two possibilities if you experience gains or losses.

Yes  but the gains can rarely come than the losses because btc isnt performing good these days  .

[peter0425]

Hello boys, I received a big amount of money in BTC & decided to keep it instead of putting it into my bank directly.

I'm really stressed about BTC, I don't wanna lose all this money because it's a big amount for me.

I don't know what to do anymore, wether holding or getting it into tether. Help

Why on all of the cryptocurrency you have mentioned tether?you are upset for not putting into your bank but you are considering shitcoin?

And besides you didn’t clarify here what’s the point that you’re stressed in BTC ,what did bitcoin did do you that you felt something like this?mind if you tell us short story for this sentiment?

At least don't sell into tether. If you want to sell - USD is better than tether. There are exchanges that you can sell in usd. Bitstamp for example. But it's not the only one.

That’s what I’m am saying ,there are so many good coins in market but he had idea about putting into tether.hope Op will come back to this thread and read all our concern regarding he’s problem

[SquallLeonhart]

If you keep put amount in bank to sales your bitcoin then it will not mush profit because bank is small benefits so you can take hold much more time then after you will got more profitable. Definitely you need take hold and save your private kyc be careful if you don't sell your bitcoin and if you want agree holding.

Private key is not even the main issue to me here from everything he said, the part I held on to most is the fact that he got a huge amount of money through btc and that might be his first time,  I don’t know how long he intends keeping the money into cryptocurrency, but for now, we all still understand that cryptocurrency has a volatile market, and his coin could fall drastically in value at any point in time.

It is very risky to even have everything in cryptocurrency which makes it unsafe for him financially and even health wise because of B.p, so if I was the one, I would only sell some certain percentage of it and still risk it in bank because bank is not going to crash anytime soon I tell you, so it is still safe to keep it in our traditional bank and leave the rest in crypto.

[pixie85]

Since you are new, maybe you are not aware of the price volatility of BTC, and you might loss if you failed to make a timely decision.

Or gain a lot. Out of the two the second option is more likely to happen.

Holding BTC in your wallet is investing, and therefore there is a risk that the monetary value of your BTC will drop significantly.

The chance is there but how big? We are in a bull market. 

If you don't want to take the risk, you can convert that into stable coin, then withdraw if you want to leave.

No. Never convert into shit stablecoins like USDT and don't convert into shitcoins like bitcoin SV. If you want to sell sell but turn it into something you can spend. Buy a house or land or an apartment or maybe gold or silver. Don't sell for fiat if you don't know what to do with it.

[Finestream]

If you keep put amount in bank to sales your bitcoin then it will not mush profit because bank is small benefits so you can take hold much more time then after you will got more profitable. Definitely you need take hold and save your private kyc be careful if you don't sell your bitcoin and if you want agree holding.

Private key is not even the main issue to me here from everything he said, the part I held on to most is the fact that he got a huge amount of money through btc and that might be his first time,  I don’t know how long he intends keeping the money into cryptocurrency, but for now, we all still understand that cryptocurrency has a volatile market, and his coin could fall drastically in value at any point in time.

It is very risky to even have everything in cryptocurrency which makes it unsafe for him financially and even health wise because of B.p, so if I was the one, I would only sell some certain percentage of it and still risk it in bank because bank is not going to crash anytime soon I tell you, so it is still safe to keep it in our traditional bank and leave the rest in crypto.

Yes.I suggest to take time studying about crypto so you will know the advantage of holding and seeing your profits in the future.For now,you can put half of your money into a trusted bank then the other half may be good for holding.Buy a hardware wallet so that your btc will be safely stored there.

[Sunyoto]

for me you can hold it in the next few months with stable bitcoin price changes, so I believe you will also get a lot of benefits with stable bitcoin prices, or you can make your personal dompt while waiting for the bitcoin market price to rise, so I think your bitcoin will also remain safe

[maxreish]

Relax, you don't have to be paranoid. You can keep your bitcoins into hardwallets. Download one in playstore if you are using an Android phone. Trezor is a good one. There are a lot of video tutorials in youtube for you to learn the step by step guide how to transfer your bitcoins into it. Paper wallets for private keys, passwords, phrase etc. That's also an important thing. Hold bitcoin until you decided to sell them at your target high price. Goodluck, buddy.