I have 1 BTC, what can I do with it?
Besides hoping that other people will also buy bitcoins and raise the price
Ask the question to enough people to artificially drive up demand, then sell.
Ask HN: I have a one dollar bill, what can I do with it?
Besides hoping that other people also want to have a one dollar bill and raise the price
> Besides hoping that other people will also buy bitcoins and raise the price
Look, you can't just limit our options like this.
If you think the project makes sense, I would suggest hold into it.
Bitcoin has a market cap of ~472 billion dollars.
The amount of dollars in circulation is on the magnitude of hundreds of trillions.
Therefore, it's still way too undervalued.
https://howmuch.net/articles/worlds-money-in-perspective-201...
(Note: "Very old chart", but the idea is the same)
BTC is at an all time high, which suggests it's a good time to sell.
The pandemic is probably a major cause of its rise so you might gamble that there is still some scope for increase, or just cash in now.
Homer: Aw, twenty dollars? I wanted a peanut!
Homer's Brain: Twenty dollars can buy many peanuts.
Homer: Explain how!
Homer's Brain: Money can be exchanged for goods and services.
depends what else you have tbh. are you broke? sell it. is this 1-4% of your portfolio? dont worry about it
money can be exchanged for goods and services.
If you can spare the money, sell it and give it to your favorite charity. Feels great, and 'tis the season.
Buy stuff with it, sell it, hold on to it. Those are the things you can do.
Unless you need the money, keep it.
Sell it and buy Cloudflare
If you gain little by selling it, sell it. If you gain a lot (like say, you bought it when it was at 2k), hodl it.