So you bought your first bitcoin or a friend gave some to you or you mined 60 sats on your raspberry pi. Regardless of how you got it, it is time to put it to some use. Let's see what we can do with bitcoin.
Hodling?
This is the most obvious one but you can hodl it. You simply hold bitcoin price increases and when you are ready to sell you can earn a profit or not. This is also one of the easiest things to do especially if you planning on going long term with bitcoin like five to ten years.
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You can buy stuff
It may come to you as a surprise but a cryptocurrency is a medium of exchange so if you want some pizza you can use your bitcoin. There is actually a lot more you can buy with bitcoin than there were five years or even two years ago. Before you buy your coffee with bitcoin just remember that for small purchases the fees are relatively big and the transaction speed is ridiculously slow.
Make your bitcoin work
Lend out your bitcoin and earn interest on it. That's right there are people who will borrow your bitcoin and pay you back with interest. This isn't some small 0.03% it can go up to 12%.
Buy other cryptocurrencies or fiat
If you a project that looks really promising or if you are strapped for cash you can always trade your bitcoin for something. You might even get better returns than if you were to only keep bitcoin.
As you can see there is plenty of things you can do with bitcoin if you are creative enough. What other suggestions do you have? I'm not sure what bitcoin will look like tomorrow or in ten years' time but let's just hope we don't make decisions we regret.
