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Author Topic: What would you do with 35 bitcoins?  (Read 4713 times)
Bernard Lerring
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December 21, 2014, 12:46:25 AM
 #41

Personally, I'm a believer in paper wallets over gadgets like the Trezor. I must admit I don't know much about how it works. Does it have a recovery seed or backup function?

At least a paper wallet that is well password protected, well stored and duplicated at least once won't break and if it does (fire, etc.) just use the duplicate.

Inspect the paper wallet every couple of years and if the print seems to be fading (laser printers are supposed to be superior to ink-jets) then simply generate new paper wallets and transfer your BTC to the new ones.
minerpumpkin
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December 21, 2014, 02:07:21 AM
 #42

would try some trading.

Or maybe some investing too.

But never simply holding or selling and leave btc behind

Well, are you an experienced trader or investor? Many people who try to darted - or even just trade the "big" waves - end up with less than they initially started with. When it comes to investing, where would you invest? The BTC stocks have also seen better times, yet I hope for some to make a comeback. I think AMHash is giving you a nice positive ROI as of now, compared to other cloud mining services!

I should have gotten into Bitcoin back in 1992...
Martijnvdc
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December 21, 2014, 11:15:44 AM
 #43

I would put 30 BTC in a paper wallet and use the remaining 5 BTC to daytrade in 2015. I would keep a close eye on any news concerning bitcoin, and watch out for new major companies accepting the currency. When a few more big companies join the boat, it could easily spark new interest, driving the price up.
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December 21, 2014, 11:44:45 AM
 #44

Make sure you keep 21 in a cold storage you can store for decades. That way you will always have 1 millionth of all bitcoins that will ever be created.

Work on getting the rest of your coins up to 210. Then set those aside so that you have 1/100,000th of all bitcoins ever.

Then go for 2,100.

First seastead company actually selling sea homes: Ocean Builders https://ocean.builders  Of course we accept bitcoin.
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December 21, 2014, 11:57:43 AM
 #45

Considering the price remains the same, invest it with caution.

Notanon
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December 21, 2014, 12:00:43 PM
 #46

Save some (approx 30BTC), use the remainder to purchase a few goodies like a Native Instruments Maschine and a couple of Traktor F1 controllers.
CoinFriend
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December 21, 2014, 12:59:48 PM
 #47

Hey, with your 35 BTC you can purchase options on the future direction of bitcoin. I would do it! Click at the Link in my Signature, for more Information.

If i would have those 35 BTC, i would also invest in something new.
CRYPTOPIA maybe...
In my Opinion it has really Potential to grow, due to the special kind of Service they provide. You all should risk a look!
https://www.cryptopia.co.nz

- https://www.cryptopia.co.nz  - your one stop crypto shop  -
Exchange, Mineshaft, Marketplace and much more. Check it out Smiley
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December 22, 2014, 03:22:37 PM
 #48

I would put 21 BTC in cold storage and take them out in 10 years time.
With the rest, I would try day trading.


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Puppet
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December 23, 2014, 05:02:27 PM
 #49

What would you do with a kilobar of gold?

Probably you would either store it securely if you expect its value to increase, or you  would sell it if you dont.
But what you wouldnt do is 'invest' your gold on some anonymous website that promises to make you more gold over time.

Try thinking of your BTC stash in the same way.
Flashman
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December 23, 2014, 08:21:45 PM
 #50

What would you do with a kilobar of gold?

Powder coat it blue and use it as a doorstop.

"Oh that? I had it 3D printed, it's filled with lead shot"

TL;DR See Spot run. Run Spot run. .... .... Freelance interweb comedian, for teh lulz >>> 1MqAAR4XkJWfDt367hVTv5SstPZ54Fwse6

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faince222
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December 23, 2014, 11:22:27 PM
 #51

With 35 bitcoin only thing that I can do is to HODL for better times, because actually it only worth around 9.000$ dollars. Actually with 35 BTC I can not buy neither a car (but I can realize many of my dream).
catena5260
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December 24, 2014, 12:57:43 AM
 #52

With 35 bitcoin only thing that I can do is to HODL for better times, because actually it only worth around 9.000$ dollars. Actually with 35 BTC I can not buy neither a car (but I can realize many of my dream).

In USA you can buy a car with 9k, and not a bad one.

and 9k dollars might be a life saver if things go the wrong way.


But use it as reserve is a good idea, because I doubt prices are going lower
sandykho47
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December 24, 2014, 05:39:54 AM
 #53

Sell 10 BTC for new PC & video games
And hold 25 BTC

That's all

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December 24, 2014, 03:46:20 PM
 #54

You will buy pc for 3200$?
Bernard Lerring
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December 24, 2014, 03:56:35 PM
 #55

That's what I was thinking. Not even a top end gaming rig would cost that much. Save some BTC dude.
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December 28, 2014, 12:16:14 AM
 #56

would you sell it or wait and hope the price goes up just like last year?   Huh

i would not recommend to sell BTC at this time (except for active trading).
the next halving of the block rewards will make the price go up again...

- https://www.cryptopia.co.nz  - your one stop crypto shop  -
Exchange, Mineshaft, Marketplace and much more. Check it out Smiley
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December 28, 2014, 01:41:30 PM
 #57

I would start trading them and before you know it I would have 30 BTC.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
anneke
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December 28, 2014, 01:44:37 PM
 #58

I should keep most of them. Maybe i should only sell about 5 of them to buy me something nice.
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December 28, 2014, 01:53:24 PM
 #59

I would start trading them and before you know it I would have 30 BTC.

That would be due to bitcoin traders using credit default swaps, naked short sells, derivatives, and currency manipulation.

I like bitcoin because in the age of credit default swaps, naked short sells, derivatives, and currency manipulation, there is a community that thrusts a finger at the banksters and is trying to bring sanity back to commerce.

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December 28, 2014, 01:59:29 PM
 #60

I would start trading them and before you know it I would have 30 BTC.

That would be due to bitcoin traders using credit default swaps, naked short sells, derivatives, and currency manipulation.

I like bitcoin because in the age of credit default swaps, naked short sells, derivatives, and currency manipulation, there is a community that thrusts a finger at the banksters and is trying to bring sanity back to commerce.

That conversation had to do with Bitcoin as money.

I 50% agree with the OP. I think MtGox and other exchanges are fooling themselves to think that a few kids with PCs can compete with the big boys. There should be no day trading except through licensed brokers. In fact, the Bitcoin prices should only be reported by the brokers as well. Let them deal with the brunt of the public interface. Having a website that is open to the public is just a painted target for DDOS attackers. It would be better to have many brokers open to the public and a few exchanges only open to brokers.
This conversation had to do with trading.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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