Smart Ways To Spend Your Bitcoin

by , under Bitcoin

precious_metal_bgIt takes a really long time to build up a substantial amount of Bitcoins- they’re definitely a lot harder to come by and save up than real cash, and so when you do have a nice chunk of Bitcoins sat in your e-wallet, you are going to want to be able to invest them into something really worthwhile. Here are some smart ways that you can spend your Bitcoins.

Invest in precious metals
It might sound odd, but one really popular thing that people like to invest their Bitcoins into is valuable metals; namely gold and silver. This is because the value of gold and silver always goes up- it rarely ever drops, and if it does it is only ever a little dip, and then it recovers itself again. Investing in this is a good idea because the value will continue to increase and then you can sell it on for more money in future.

Swap them for cash
Bitcoins are worth a lot of money. In fact, at the moment 1 Bitcoin is worth around $1,000. It would be a smart idea to save up a lot of Bitcoins and then sell them to someone who wanted them more than you. That way you’d get a nice lump sum of cash, and obviously, you can do more with that than you can with a stash of Bitcoins.

Gamble in a casino
There are a lot of brilliant Bitcoin only casinos around. Spending Bitcoins in a casino is a good idea because it gives you the opportunity to increase the number of Bitcoins you already have if you play your cards right. It also gives you the chance to swap some of your winnings for cash, which is always good too.

Save them
Instead of spending them all at once and splashing them in a casino, why not save them? The value of Bitcoin has been increasing for two years now, doubling and then doubling again- and it’s only predicted to keep on doing this. Keep your Bitcoins in savings for a little while and then when they’re worth a huge amount of money, sell them and receive your massive profits!