**edit to add links for the lazy
http://www.europacmetals.com/
http://www.europac.net/
https://europacbank.com/
Topic: A large sum of money, where would you keep it? (Read 4446 times)
to the OP I would talk with someone at europac as the guy who is the CEO there has and holds the same values you do, and they take bitcoin through bitpay now to work with them, international banks that let you store your money in gold and convert it back and forth at whim and when stored in gold it is in real tangible gold that they sell to a buyer when you want to convert to fiat, also Peter Schiff was the first person I heard talk about putting a crypto together that is backed by real gold so he might be on the forefront of working on that or could be nudged by someone to move that direction.
**edit to add links for the lazy
http://www.europacmetals.com/
http://www.europac.net/
https://europacbank.com/
**edit to add links for the lazy
http://www.europacmetals.com/
http://www.europac.net/
https://europacbank.com/
How did this turn out? Did you sell before the big rise in price?
Go the Bill Gates way, and give a large portion of it away. {Then you will worry less and you can call in favors later}
I like that one why worry about it when you can give it to someone else to worry about it and call it in later
Go the Bill Gates way, and give a large portion of it away. {Then you will worry less and you can call in favors later}
Keep some for a rainy day in paper wallets, in a safe in a bank.
Keep some online for daily use.
Buy some stuff, you worked hard enough for it. {Accept if you got it through illegal means, then you will have to bend over and pick up the soap, in a Jail cell somewhere}
Whatever you do, it would be better for you, to pay your tax's and then relax worry free on an island somewhere, with a cocktail or 2.
Keep some for a rainy day in paper wallets, in a safe in a bank.
Keep some online for daily use.
Buy some stuff, you worked hard enough for it. {Accept if you got it through illegal means, then you will have to bend over and pick up the soap, in a Jail cell somewhere}
Whatever you do, it would be better for you, to pay your tax's and then relax worry free on an island somewhere, with a cocktail or 2.
Well done! Imagine if you'd started with 1 BTC ;-)
Exactly. Rich get richer, poor get poorer, where's the decentralization and altruistism? There is none. It's just another Wall Street fueled by greed.
Not true. Currently very easy to move BTC market. Even a million dollar flash dump of coins could move the market. Imagine if Satoshi dumped his 600,000+ coins. BTC would lose nearly its entire value.
To OP:
I wouldn't keep more than 40% of your BTC in actual bitcoins. To be completely honest I can't see BTC going above the $1000-1500 for a long, long time, if ever. Don't get greedy. Keep 5% in fiat to sort everyday bills that you can't pay with BTC just yet (IE Groceries). Keep your fiat in cash, theres no need to use a bank unless your looking for a loan. You can always cash deposit if a large payment is due. I would put 5% in BTC related investments (Such as CBTC, SCRYPT or other established crypto business's), they typically pay high returns in dividends. I would keep 15% in silver and 10% in gold, silver is typically more stable than gold, and also has a much higher potential for increase. Buy physical gold/silver and store it yourself. You can buy silver/gold with your BTC through many channels, so it would never go through a bank. I would keep 5% in the chinese Yuan which has historically performed very well, and will only increase in value as China continues to move forward into the future. I would also suggest putting 10% towards mining (I would suggest PBMine, very cheap rates and nice site). I would also keep 10% in LTC, if BTC goes up LTC will most surely follow. I would keep the last 10% in a hotwallet (use a very good password!). You can use this 10% to purchase stuff off of overstock.com, direct TV (if you are near them) and other similar places to avoid having to use fiat.
So it'l look like this:
30% BTC (Cold storage)
5% Fiat
5% BTC Related Investments
15% Silver
10% Gold
5% Yuan
10% Mining (If you purchase mining contracts with PBmining il split the referal bonus with you 50/50)
10% LTC
10% BTC hot wallet
+1 (excluding the LTC part). Needs a bit more diversification though.
I would honestly hire a lawyer or financial professional help and go the correct route. It's the right thing to do, even though it seems you are against the government and banking system, it will keep you out of any future stress, court, jail time, fines, drug overdose, possible suicide...
You could send it to my wallet 
Well done! Imagine if you'd started with 1 BTC ;-)
Exactly. Rich get richer, poor get poorer, where's the decentralization and altruistism? There is none. It's just another Wall Street fueled by greed.
Not true. Currently very easy to move BTC market. Even a million dollar flash dump of coins could move the market. Imagine if Satoshi dumped his 600,000+ coins. BTC would lose nearly its entire value.
To OP:
I wouldn't keep more than 40% of your BTC in actual bitcoins. To be completely honest I can't see BTC going above the $1000-1500 for a long, long time, if ever. Don't get greedy. Keep 5% in fiat to sort everyday bills that you can't pay with BTC just yet (IE Groceries). Keep your fiat in cash, theres no need to use a bank unless your looking for a loan. You can always cash deposit if a large payment is due. I would put 5% in BTC related investments (Such as CBTC, SCRYPT or other established crypto business's), they typically pay high returns in dividends. I would keep 15% in silver and 10% in gold, silver is typically more stable than gold, and also has a much higher potential for increase. Buy physical gold/silver and store it yourself. You can buy silver/gold with your BTC through many channels, so it would never go through a bank. I would keep 5% in the chinese Yuan which has historically performed very well, and will only increase in value as China continues to move forward into the future. I would also suggest putting 10% towards mining (I would suggest PBMine, very cheap rates and nice site). I would also keep 10% in LTC, if BTC goes up LTC will most surely follow. I would keep the last 10% in a hotwallet (use a very good password!). You can use this 10% to purchase stuff off of overstock.com, direct TV (if you are near them) and other similar places to avoid having to use fiat.
So it'l look like this:
30% BTC (Cold storage)
5% Fiat
5% BTC Related Investments
15% Silver
10% Gold
5% Yuan
10% Mining (If you purchase mining contracts with PBmining il split the referal bonus with you 50/50)
10% LTC
10% BTC hot wallet
Well done! Imagine if you'd started with 1 BTC ;-)
Exactly. Rich get richer, poor get poorer, where's the decentralization and altruistism? There is none. It's just another Wall Street fueled by greed.
I would keep it on ICBIT, where you can earn 20% interest in $ terms before the year is out, without ever having to touch cash.
ICBIT thread:
https://bitcointalk.org/index.php?topic=50817.960;topicseen
ICBIT thread:
https://bitcointalk.org/index.php?topic=50817.960;topicseen
NXT and proof of stake is not secure as it seems. Old stake holders who sold can produce a longest chain using there stake and reverse the chain. Same can happen with old exchanges who holded a lot of coins at some point in the history. The best way to diversify are fiat IMO or stocks or gold
Gold is still the safest bet. It has been tested for over 1000 years and gold still considered money by many countries/civilization.
Bitcoin is still in its infancy stage.
Bitcoin is still in its infancy stage.
You will regret not taking a sensible position in TVIX or other VIX funds and VIX notes.
To protect your money, simply invest in protection (VIX).
To protect your money, simply invest in protection (VIX).
It's a good time to repeat this. You should invest in protection ASAP.
There are many different people in the Bitcoin ecosystem. Decentralized solutions are being developed and I hope they will be widely used in several months.
I'm not rich financially and trading is helping me acquire multimedia production equipment I needed for a longer time now while I also plan to invest and donate whenever I can. I've learned a lot from the Bitcoin community over the past 9 months and those few opportunities for entry saved my life. More opportunities are being created for people from many different walks of life.
I'm not rich financially and trading is helping me acquire multimedia production equipment I needed for a longer time now while I also plan to invest and donate whenever I can. I've learned a lot from the Bitcoin community over the past 9 months and those few opportunities for entry saved my life. More opportunities are being created for people from many different walks of life.
Cold storage on multiple USB sticks with multisig would probally be the safest way
Go with 2/3 in case one breaks and store in different locations you know
Go with 2/3 in case one breaks and store in different locations you know
Well done! Imagine if you'd started with 1 BTC ;-)
Exactly. Rich get richer, poor get poorer, where's the decentralization and altruistism? There is none. It's just another Wall Street fueled by greed.
I'm not rich, neither is my family. I started with 0.01BTC and with day trading have 1.68BTC, whats wrong with having a little fun anyways? But seriously, what's your point, and did you just quote to to attempt calling me a brat?
Well done! Imagine if you'd started with 1 BTC ;-)
I wish I could follow your 'portfolio'?
To get back to the original discussion, I would buy a business like an existing, money generating e-commerce site with 10-20% of the BTC and let it roll...
The rest; put 40% in gold, some in USD and the rest in BTC.
I'm not rich, neither is my family. I started with 0.01BTC and with day trading have 1.68BTC, whats wrong with having a little fun anyways? But seriously, what's your point, and did you just quote to to attempt calling me a brat?
Nothing personal, man, I just appreciated your compliment, that's why I quoted.
I've become disillusioned to the whole crypto scene, and wanted to express myself and see if I got any quality feedback.
I'm still waiting for the one true coin, the Shitcoin, so I can put all my money into it and watch someone like Mark Karpeles steal everything from me. Yah, thats what I want to do.
+100000000
This is well said. But before you do this, let me be one of your loved ones. <3
Hey -- I don't even own 1 bitcoin. I read, I watch, I want to jump in the game...but I can't afford to, I have other responsibilities.
I can't mine, because I can't afford to buy the hardware either.
This is something that I find very interesting about crypto, it's talked up as the Robin Hood type solution to decentralization, but I don't see any evidence that this would do anything other than make the rich richer and the poor poorer, just as it's always been, not any kind of financial salvation but just a new devil to replace the devil we already know.
Poor people don't have computers or smartphones, they don't have money to invest in crypto or mining. They live day to day on whatever earnings they can scrape up and spend it all on their basic survival needs. So what right does crypto have to declare itself the new savior?
To me crypto is just the perfect invention for that spoiled brat upperclass kid who did nothing but play graphically intense computer games and now has devoted his hardware to mining...or that preppy rich kid who was forced by his parents to be a stock broker and now has discovered crypto and investing all his easy money into that.
Maybe I'm just jealous...hmmm....but at least I'm not dumb enough to believe all the bullshit cryptocurrency hype that it's going to make the world a better, more equal place....Yah ryt.
I'm not rich, neither is my family. I started with 0.01BTC and with day trading have 1.68BTC, whats wrong with having a little fun anyways? But seriously, what's your point, and did you just quote to to attempt calling me a brat?
lll
Jump to: