Topic: Advice: 1 BTC (Read 582 times)

I am not a professional financial advisor but in my knowledge, I can give an advice is same as you give.
That is hold your Bitcoin and try to buy more. Because investment in Bitcoin is the best choice than other investment options like real estate, gold, stock market etc. You can see the evidence in last 4 to 5 years of Crypto coin explosion. And average return of Bitcoin is 200 percentage per year over the course of it's life. So we should invest at least 10 percentage of our income in Bitcoin than mostly remain on our compromised currency based economy.

Its very difficult to give a advice like this in the forum everyone have different instinct on how to spend money , different plan . You know what is best for you to do with such amount of money maybe to invest it to get more of it or estate management it also a good idea. I doubt if you get a good for your self online on how to spend your money because know body really knows you in person on what you can actually do best. Only you can advice yourself on what to do with 1btc.

Hold it ? For how long ?
There is also need for further investment else where@Op.
Why put all of your eggs in one basket ?
Yeah, quite alright bitcoin and other crypto currencies have there merits but have you come to think about the demerits ?
Waiting patiently for bitcoin to increase can not be endured by all though.
What I'm saying is that,from all i have seen and observed from this trend I created, is that one should get involved in diversification.
50% into cryptocurrency and the rest for something else.

there are always many alternatives that can be done if indeed we have 1 btc. because it is clear that currently the price is in the range of $58K+ certainly not a very small value.
First, it is clear, of course, that we have needs that must be spent on daily needs, exchanging some with fiat, so that we are able to spend those needs, partly for working capital.

keep saving in btc because it is certain that in the near future there will be another increase that will occur in btc. even if there is no increase, it is certain that it will increase sharply in the next 4 years. btc will always increase every time in its development. if you want to be more daring, of course do daily trading because it will increase the assets we have.


Your opinion is certainly very true, selling it partly to meet the needs that we may really need is a must. if there is no need and already have funds from work and others, it is better to wait for the price of btc to increase again and sell it.

then save the sale proceeds to wait for the moment where btc will make a correction which causes the price to fall, after making sure the decline is good enough then the next action is to buy it. if you're not good at trading, it's better to buy the btc that we have done, just keep it. because once every 4 years and usually after the halving it is certain that the price of btc will increase and create renewable ATH.

Staking 50% of Bitcoin to top coins? I would rather hold 90% of my funds to Bitcoin and 10% to top coins since this could give me assurance that Bitcoin will give you more profit in the future. Don't venture your money on to something that you don't know like staking to the top coins because you are more likely gambling your money instead of getting an assurance of getting a profit in a long term investment.

Although, this is OP's Bitcoin so, it's up to him/her if he/she wants to spend it, hodl it, stake it, or reinvest it.

Estate management ?
Yes, you can.

More in Bitcoin ?
Yes, you can accumulate more.

Investment in the Stock market ?
You can diversify.

When it comes to investment then the more the better.

You don't need to seek advice or invest in 1 BTC, you will invest in several investments instead of posting this looking for advice and this is not a good idea. because there will be a lot of mixed opinions that will confuse you and There may be scammers taking advantage of these tricks, they will promise you huge profits and you will get if you use them. use 1 BTC to buy their coins, be careful and learn to invest in this market with your own judgment and decision.

there are many that can be used / bought from 1 btc if i personally 50% i stake top coin , gardening coins 10% the rest hold btc up to its highest price

all back to the choices and decisions of each

If I were to advice him/her, I rather let him/her choose first what makes you happy either if it's a vacation, personal wants, lifestyle, buy it but not necessarily to splurge it all. You deserve to get some reward especially from all those hardwork you did.
And then the rest like 60% remaining will go for another investment, much better to choose two to three investment like bitcoin, real estate and stocks to have a passive income as much as possible with those remaining bitcoins.

If you have one bitcoin  then it is better to hold it. You want to invest this amount of 1 bitcoin in stocks or real estate only to make profit ? So why not keep your one bitcoin with you and its price will increase over time. There is no need to think of investment else where, when you have invested in crypto currencies.

You better choose to adjust to your needs, other people's needs with yours are not necessarily the same, so don't just focus on other people. If you need advice I think it's a good idea to keep the BTC to add value or to increase your stock, I think it's better than converting it into fiat. However, if you are low on finances, it doesn't hurt to turn it into fiat, but you have to keep using it well, don't waste it.

It depends on the lifestyle of the person, and how much did they spent a year.
I'll assume a person with no responsiblity and have no wife or kids yet, and he spent like 10k - 20k a year.
I will convert my 0.5btc into safe investment with 6-10% a year. and use the other 0.5 to crypto investment.
Split the investment 30% for bitcoin, 50% for good altcoins like ETH, BNB, etc. and the other 20% for doing investment at new projects.
This is just my plan if i have 1 btc. Will not doing any physical investment like land or house because for me in this era, digital assets is more valuable IMO.

For someone to have upto 1btc is a great opportunity and maximization of this will yield a great reward, first i will employ the person to invest the 1btc else there's an alternative means of income, trade and hodl the btc, or possibly exchange half of it to altcoins and maintain the rest in btc.

The second advise aside the virtual one is to embark on a real physical business in the likes of real estate and project management it worth doing as a long term investment.

Exactly my thought. That's asking too much if you asked me from random strangers. If OP had asked us to suggest tokens or projects to buy into with 1 BTC, that would've been more appropriate for such the forum can bring its expertise to bear on. Again, for me I think with such a huge amount of cash in dollar value I would rather hodl the 1 Bitcoin at a time like this and then wait for ATH before cashing out. My expected time for an ATH this rally is December. Whatever business we go in, the essence is profit making. It doesn't really matter whether it's stocks, real estate or FX trading. The common denominator in all the businesses listed above  is profit making. I rather hodl the 1 Bitcoin to trade it whenever convenient than invest it in a business I don't understand.

I will convert half of the Bitcoin to fiats and I use it for urgent needs. I will buy a house, a car, and the rest for small businesses in real life. While another half of the Bitcoin, to keep on the wallet. Or I will sell it first and wait for the bearish to buy again for a long-term holding. Sure, I won't only put the Bitcoin on the wallet if I think selling is better at that time.

Why would a person in his sane behavior even spend his/her btc during the bull run? Why can't he/she wait for btc to break new highs and then buy a GT Mustang with it?
None of your alternatives would work except adding extra to the btc you have already, it will help your children and grandchildren who may see btc at even a million dollars.

You know the best way how to spend your money you can do with how you like but I know 1Btc is a lot of money. you can save some or make Investment with part of it to make more money. But you know better how to manage it .

Is it necessary to spend?
If you want to make money then it's better to learn something you like, maybe do a degree if the course fulfills what you want to do.

Now if you want to spend the bitcoin to increase the bitcoins or just for the sake of spending for some materialistic comforts.
- To increase the number of bitcoins you own then it's better to invest in a business and know full well about the business, how much it can make, what will it be like in the future.

- just for the sake of spending then there are already a lot of Online shops that accept bitcoin, Buying through amazon, and paying through Bitcoin use: Purse website.

Or just sell them in an exchange for your local currency.

This forum may not be the best place to get this advice you envisage, the advises you'll get here would be basically based on the current base of every individual here which may not work favourably with yours.....

I may ask that you go into estate management and that would be because in my country, estate management seems to be more valuable and profitable than the Bitcoin investment. So you'll have to make your choice or you contact the services of a financial analyst to help you out.

After all this said, I'll still suggest that if there's nothing yet that you have concluded on, it's better to keep holding your coin other than withdrawing it to Fiat.

Can bitcoin really keep going up like this? It has to discount at some point surely...