My first Bitcoin , what now ?

[Madness]

Hello,

Alright , once I did about 0.8 BTC but ended up using them all . which I decided to not do anymore (let me know if it's the wise thing to do right now or not ) .
Now I have about 1.2 BTC which are full profit (Signature compaigns , Digital goods selling ,etc ...) because I never buy Bitcoin and only earn them . (two months btw) , Still not sure what I should do with them , should I keep holding them since the price seems like rising lately and keep making more Bitcoins ? Note I'am 18 years old and I have nothing to lose if I hold them , I don't pay any bills , food or anything .

Simply drop your suggestions below and no trolling please . Open discussion

~ Madness

[muhrohmat]

You are 18 year old have an girlfriend ? Spend some money on her .
Or as i do i bought gaming pc And enjoy gaming .

[Madness]

You are 18 year old have an girlfriend ? Spend some money on her .
Or as i do i bought gaming pc And enjoy gaming .

I don't have one no , never had one and I will never have one . It has something to do with my religion just to clarify (I hope racist comments don't start)
Thanks for the suggestion tho , anything else you think I should do ? Only game I like is CS:GO and I can play it just fine on my PC

~ Madness

[jacktheking]

Hey, I'm somewhat like you. I dont need to pay for anything, bills, food etc.. However, I been using Bitcoin for two years. I only started to earn Bitcoin from this forums last year around August. I manage to earn 90% more than what I earn from faucets for the past one and the half year. Well.. enough of my story. I would suggest you to make a site and earn more from ad revenue. Hostgator and Namecheap have a super cheap hosting plan - you should check them out, Namecheap accept Bitcoin.

Why not try to day trading and earn more too?

[Madness]

Hey, I'm somewhat like you. I dont need to pay for anything, bills, food etc.. However, I been using Bitcoin for two years. I only started to earn Bitcoin from this forums last year around August. I manage to earn 90% more than what I earn from faucets for the past one and the half year. Well.. enough of my story. I would suggest you to make a site and earn more from ad revenue. Hostgator and Namecheap have a super cheap hosting plan - you should check them out, Namecheap accept Bitcoin.

Why not try to day trading and earn more too?

Yeah I was planning to make a website (WordPress blog) once I finish school and have more time so I can manage it very well , not sure how much I can make per day , depends on the traffic I believe .
For the day trading , I never tried it to be honest and I don't know how much profitable could this be , beside I don't like how exchangers works exactly (their way on asking us for ID's and passports and some real informations defeats the whole purpose of Bitcoin if you ask me )

~ Madness

[Herbert2020]

i say keep your bitcoin as long as you can and don't need it. i think the price is going up in a couple of months. besides you can always spend $$ to buy stuff.
and IF you are good at trading you can do that to increase your BTC, and not let it just sit around in your wallet

[Madness]

i say keep your bitcoin as long as you can and don't need it. i think the price is going up in a couple of months. besides you can always spend $$ to buy stuff.
and IF you are good at trading you can do that to increase your BTC, and not let it just sit around in your wallet

I'am not that good to be honest , most of the time I use forums like Bitcointalk with a "Currency Exchange" sub forums to trade my Bitcoins to Paypal with like +15% rates which can be profitable I guess .
I do not really trust Exchangers of those days since they need ID and Reallife informations as I stated above . something Decentralized would be good I guess . Some people will suggest me Localbitcoins for sure ... well my country do not use Bitcoin so I have no hope to use that too

~ Madness

[jacktheking]

i say keep your bitcoin as long as you can and don't need it. i think the price is going up in a couple of months. besides you can always spend $$ to buy stuff.
and IF you are good at trading you can do that to increase your BTC, and not let it just sit around in your wallet

I'am not that good to be honest , most of the time I use forums like Bitcointalk with a "Currency Exchange" sub forums to trade my Bitcoins to Paypal with like +15% rates which can be profitable I guess .
I do not really trust Exchangers of those days since they need ID and Reallife informations as I stated above . something Decentralized would be good I guess . Some people will suggest me Localbitcoins for sure ... well my country do not use Bitcoin so I have no hope to use that too

~ Madness

Strange.. dont mind me asking where do you live?

[Madness]

i say keep your bitcoin as long as you can and don't need it. i think the price is going up in a couple of months. besides you can always spend $$ to buy stuff.
and IF you are good at trading you can do that to increase your BTC, and not let it just sit around in your wallet

I'am not that good to be honest , most of the time I use forums like Bitcointalk with a "Currency Exchange" sub forums to trade my Bitcoins to Paypal with like +15% rates which can be profitable I guess .
I do not really trust Exchangers of those days since they need ID and Reallife informations as I stated above . something Decentralized would be good I guess . Some people will suggest me Localbitcoins for sure ... well my country do not use Bitcoin so I have no hope to use that too

~ Madness

Strange.. dont mind me asking where do you live?

Yes , I live in Algeria (which is on North Africa) , don't see us as a poor country because you heard Africa ... We are probably the richest country , we have oil & we have gas but they simply don't give a shit about those Electronic & Digital money (including MasterCards , Visa , Paypal , Skrill .. whatever) or Online shopping (Amazon etc ... )  . Retarded country Unfortuntly .

~ Madness

[jacktheking]

i say keep your bitcoin as long as you can and don't need it. i think the price is going up in a couple of months. besides you can always spend $$ to buy stuff.
and IF you are good at trading you can do that to increase your BTC, and not let it just sit around in your wallet

I'am not that good to be honest , most of the time I use forums like Bitcointalk with a "Currency Exchange" sub forums to trade my Bitcoins to Paypal with like +15% rates which can be profitable I guess .
I do not really trust Exchangers of those days since they need ID and Reallife informations as I stated above . something Decentralized would be good I guess . Some people will suggest me Localbitcoins for sure ... well my country do not use Bitcoin so I have no hope to use that too

~ Madness

Strange.. dont mind me asking where do you live?

Yes , I live in Algeria (which is on North Africa) , don't see us as a poor country because you heard Africa ... We are probably the richest country , we have oil & we have gas but they simply don't give a shit about those Electronic & Digital money (including MasterCards , Visa , Paypal , Skrill .. whatever) or Online shopping (Amazon etc ... )  . Retarded country Unfortuntly .

~ Madness

Wow.. this is good for you. Since no one is using Bitcoin there.. I mean.. You can sell high to people in North Africa if suddenly they are interested in Bitcoin. Why dont you buy a cheap miner from Amazon then? Dont worry, Amazon will keep your information to themselves. Or maybe Cloud mining?

[avw1982]

Hello,

Alright , once I did about 0.8 BTC but ended up using them all . which I decided to not do anymore (let me know if it's the wise thing to do right now or not ) .
Now I have about 1.2 BTC which are full profit (Signature compaigns , Digital goods selling ,etc ...) because I never buy Bitcoin and only earn them . (two months btw) , Still not sure what I should do with them , should I keep holding them since the price seems like rising lately and keep making more Bitcoins ? Note I'am 18 years old and I have nothing to lose if I hold them , I don't pay any bills , food or anything .

Simply drop your suggestions below and no trolling please . Open discussion

~ Madness

Just hold and never invest it in some scam site.

[Madness]

i say keep your bitcoin as long as you can and don't need it. i think the price is going up in a couple of months. besides you can always spend $$ to buy stuff.
and IF you are good at trading you can do that to increase your BTC, and not let it just sit around in your wallet

I'am not that good to be honest , most of the time I use forums like Bitcointalk with a "Currency Exchange" sub forums to trade my Bitcoins to Paypal with like +15% rates which can be profitable I guess .
I do not really trust Exchangers of those days since they need ID and Reallife informations as I stated above . something Decentralized would be good I guess . Some people will suggest me Localbitcoins for sure ... well my country do not use Bitcoin so I have no hope to use that too

~ Madness

Strange.. dont mind me asking where do you live?

Yes , I live in Algeria (which is on North Africa) , don't see us as a poor country because you heard Africa ... We are probably the richest country , we have oil & we have gas but they simply don't give a shit about those Electronic & Digital money (including MasterCards , Visa , Paypal , Skrill .. whatever) or Online shopping (Amazon etc ... )  . Retarded country Unfortuntly .

~ Madness

Wow.. this is good for you. Since no one is using Bitcoin there.. I mean.. You can sell high to people in North Africa if suddenly they are interested in Bitcoin. Why dont you buy a cheap miner from Amazon then? Dont worry, Amazon will keep your information to themselves. Or maybe Cloud mining?

Yeah you got a point and ... Well Cloud Mining isn't that profitable , is it ? Most of companies associated with Amazon don't ship to Algeria , not sure about the Miners gears companies tho , I most of the time buy from eBay or Aliexpress (Chinese website) . and not even sure if a cheap miner could get me some money ? profitable or not too . (not sure how much $ per kWatt )

~ Madness

[Madness]

Hello,

Alright , once I did about 0.8 BTC but ended up using them all . which I decided to not do anymore (let me know if it's the wise thing to do right now or not ) .
Now I have about 1.2 BTC which are full profit (Signature compaigns , Digital goods selling ,etc ...) because I never buy Bitcoin and only earn them . (two months btw) , Still not sure what I should do with them , should I keep holding them since the price seems like rising lately and keep making more Bitcoins ? Note I'am 18 years old and I have nothing to lose if I hold them , I don't pay any bills , food or anything .

Simply drop your suggestions below and no trolling please . Open discussion

~ Madness

Just hold and never invest it in some scam site.

Scamming is the last of my worries . thanks for the suggestion tho
I never got scammed and I never scammed and Planning to keep it that way . all the one need to not get scammed is having a brain

~ Madness

[mishax1]

I would strong advise against mining hardware and specially cloud mining. so unless the bitcoin price is going to rise really dramatically in the next 6-12 months I would use bitcoin for mining.

But, If you see the bitcoin is on the rise, slowly and steady, you may consider putting, over time, small amounts at cloud mining (not all in one investment..), just make sure it is a long time contract (lifetime maybe) so if the btc is going up you should be getting profits and your contract doesn't end.

[Madness]

I would strong advise against mining hardware and specially cloud mining. so unless the bitcoin price is going to rise really dramatically in the next 6-12 months I would use bitcoin for mining.

But, If you see the bitcoin is on the rise, slowly and steady, you may consider putting, over time, small amounts at cloud mining (not all in one investment..), just make sure it is a long time contract (lifetime maybe) so if the btc is going up you should be getting profits and your contract doesn't end.

Okey , got a question which I was always thinking about . don't call me Dumb please

If those Cloud Mining website accepts Bitcoin as payment only , it wouldn't make a lot of sense , would it ?
Let's say I paid 0.1 (30$ when I paid) BTC and I earned 0.08 BTC (50$ at the time I mine) . It still dosent make any sense if I mined , because I will earn the same amount , yes the USD price rised but it's the same/less amount of Bitcoin , so couldn't I simply hold the Bitcoins instead of Cloud mining ?

~ Madness

[neoneros]

Try setting up a website using your btc, simple but effective and try to earn on ads or if possible gambling/casino type? Start your own faucet. Or just go as you are and earn up to 2 btc with sig and services then 3, 4 etc.. always surpass the one you were yesterday

Buy some adspace and earn using referal systems for sites you trust.

[Madness]

Try setting up a website using your btc, simple but effective and try to earn on ads or if possible gambling/casino type? Start your own faucet. Or just go as you are and earn up to 2 btc with sig and services then 3, 4 etc.. always surpass the one you were yesterday

Buy some adspace and earn using referal systems for sites you trust.

Gambling is against my religion too , so I won't do that either .
Faucets could be a good idea , as I said above I'am planning to make a WordPress blog , also Making Crowfunding thread so people donate to our project "WordPress Faucet plugin" so I can integrate it on my blog , we got 0.2 BTC for the moment .
for Signature compaigns , I'am only getting that much because I'am sort of on holidays for the moment so I don't have school , so once we start school again , I will be posting less . probably much less .

~ Madness

[mishax1]

I would strong advise against mining hardware and specially cloud mining. so unless the bitcoin price is going to rise really dramatically in the next 6-12 months I would use bitcoin for mining.

But, If you see the bitcoin is on the rise, slowly and steady, you may consider putting, over time, small amounts at cloud mining (not all in one investment..), just make sure it is a long time contract (lifetime maybe) so if the btc is going up you should be getting profits and your contract doesn't end.

Okey , got a question which I was always thinking about . don't call me Dumb please

If those Cloud Mining website accepts Bitcoin as payment only , it wouldn't make a lot of sense , would it ?
Let's say I paid 0.1 (30$ when I paid) BTC and I earned 0.08 BTC (50$ at the time I mine) . It still dosent make any sense if I mined , because I will earn the same amount , yes the USD price rised but it's the same/less amount of Bitcoin , so couldn't I simply hold the Bitcoins instead of Cloud mining ?

~ Madness

No, there are lifetime contracts, like with Spondoolies that say :
" * For lifetime contracts as long as the contract is profitable, a small maintenance fee of 0.0019$/GH/d is deducted. Please see the contract for details. "

Meaning that If you buy a 100$ contract, as long as the mining is profitable your contract will be active and you keep getting paid.  (It sounds good, but the mining industry is very competitive and should be invested carefully)

[Madness]

I would strong advise against mining hardware and specially cloud mining. so unless the bitcoin price is going to rise really dramatically in the next 6-12 months I would use bitcoin for mining.

But, If you see the bitcoin is on the rise, slowly and steady, you may consider putting, over time, small amounts at cloud mining (not all in one investment..), just make sure it is a long time contract (lifetime maybe) so if the btc is going up you should be getting profits and your contract doesn't end.

Okey , got a question which I was always thinking about . don't call me Dumb please

If those Cloud Mining website accepts Bitcoin as payment only , it wouldn't make a lot of sense , would it ?
Let's say I paid 0.1 (30$ when I paid) BTC and I earned 0.08 BTC (50$ at the time I mine) . It still dosent make any sense if I mined , because I will earn the same amount , yes the USD price rised but it's the same/less amount of Bitcoin , so couldn't I simply hold the Bitcoins instead of Cloud mining ?

~ Madness

No, there are lifetime contracts, like with Spondoolies that say :
" * For lifetime contracts as long as the contract is profitable, a small maintenance fee of 0.0019$/GH/d is deducted. Please see the contract for details. "

Meaning that If you but a 100$ contract, as long as the mining is profitable your contract will be active and you keep getting paid.  (It sounds good, but the mining industry is very competitive and should be invested carefully)

I see, thanks for the clarification , sounds really interessting .
Never heard of spondoolies tho , any companies you recommend me to use ? I know  that CEX.IO shutted up lately because of the drop price on Bitcoin so it's not so profitable for them anymore .

~ Madness

[Hamuki]

What O_O

No girlfriend is allowed?

I am sorry for you when it comes to that.. I hope you are happy without one.

As of the BTC.. I would save it since the price is slowly rising and NEVER start gambling.
I havent done it with BTC, so I have never lost..

Or you could get into the altcoin world and see if you can find a new coin and throw some money into it.

Sometimes a new coin is worth less than 100 sat in the first few hours on the exchanges, and then they jump to over 1k sats.

Think of investing 1 BTC into that! xD