You have said it all, it's actually personal for anyone, you should decide on what you want to do with your Bitcoin.
In my own opinion though, I will advice you keep the Bitcoin, it's a huge sum honestly but should be kept since bitcoin is growing rapidly.
You should get a personal adviser to check this out for you.
Topic: Advice: 1 BTC - page 2. (Read 582 times)
if the price drops you can use that $30k fiat to buy more then 0.5btc at a lower price
if the hoarded unspent original 0.5btc goes up in price you will get more then $30k
if the hoarded unspent original 0.5btc goes up in price you will get more then $30k
If you've sold 0.5 BTC for $30k, then a rise in the price will be damage for you. The less BTC you've sold, the less that damage will be and in case the price goes down, the more BTC you've sold, the less damage you'll have. In both cases, there's a high chance of losing profit instead of gaining it.
If you have no experience with trading, then selling high and buying low is a matter of possibilities. You may achieve this once, but the odds of doing it again decrease exponentially. You should better invest into something you understand if you want to double that bitcoin.
if you have 1 BTC and the market is at around the ATH and your unsure if you want to sell out or wait out for next ATH..
.. the answer is not binary.. you can do both..
EG how about sell 50% of your 1btc.
if the price drops you can use that $30k fiat to buy more then 0.5btc at a lower price
if the hoarded unspent original 0.5btc goes up in price you will get more then $30k
thus win win
if thte price just stagnates for a year. no major up or down
what you can then do is look at other official assets and find ones that are on their yearly LOW. and use that $30k fiat to buy in and sell out to increase that $30k to more.
just remember all good advice
1. dont put all eggs into one basket(dont throw all wealth into one choice)
2. buy low sell high
what many also find is never look to throw large investment into one thing. and then hope for a 2x in a limited time.
many people prefer to work with 10 allotments + of their wealth. and look for quick or easy 1-3% movements. knowing these 1-3% overtime add up to the 2x factor. but with less risk. less stagnated waiting/hoping/stressing.
as to what to invest in.
make sure its legit. EG not some crapcoin thats dev/HQ team is hiding behind proxies with glossy pamphlets of overpromises.
make sure the price of a legit asset is not in its seasonal high
make sure the investment/transaction fee's of getting in-out are not going to wipe out 1%+, meaning you dont have to wait for higher % just to move. thus able to grab profits sooner/faster
.. the answer is not binary.. you can do both..
EG how about sell 50% of your 1btc.
if the price drops you can use that $30k fiat to buy more then 0.5btc at a lower price
if the hoarded unspent original 0.5btc goes up in price you will get more then $30k
thus win win
if thte price just stagnates for a year. no major up or down
what you can then do is look at other official assets and find ones that are on their yearly LOW. and use that $30k fiat to buy in and sell out to increase that $30k to more.
just remember all good advice
1. dont put all eggs into one basket(dont throw all wealth into one choice)
2. buy low sell high
what many also find is never look to throw large investment into one thing. and then hope for a 2x in a limited time.
many people prefer to work with 10 allotments + of their wealth. and look for quick or easy 1-3% movements. knowing these 1-3% overtime add up to the 2x factor. but with less risk. less stagnated waiting/hoping/stressing.
as to what to invest in.
make sure its legit. EG not some crapcoin thats dev/HQ team is hiding behind proxies with glossy pamphlets of overpromises.
make sure the price of a legit asset is not in its seasonal high
make sure the investment/transaction fee's of getting in-out are not going to wipe out 1%+, meaning you dont have to wait for higher % just to move. thus able to grab profits sooner/faster
Personally, I will not spend the 1 bitcoin I have and will continue to hold it, especially now that the situation is still very good for bitcoin. however, if it's just a suggestion, I'll trade it for another business. I mean a business opportunity that can provide me with income every month, and also it is very valuable when sold, such as making investments in renting houses, apartments, plantations, and other types of investments. it's just a suggestion. some people use it for their style, like buying a house, or clothes that are trending right now.
This might be more personal as well confidential to we all, but if you're to share your thoughts or advice one on how to spend he's/her 1btc what would that be ?
Estate management ?
More in Bitcoin ?
Investment in the Stock market ?
Maybe your ideas might or will be helpful.
Although I won't receive any return if I choose to have a place called 'home' since I'll be living there and won't generate any income from it. But the peace of mind that it will give me is probably the best investment and return that it can give to me.Estate management ?
More in Bitcoin ?
Investment in the Stock market ?
Maybe your ideas might or will be helpful.
I won't be paying any rent monthly only the monthly dues like bills and mortgage would be paid in full as that's going to be part of the peace of mind.
I can do whatever I want while living there.
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You can do whatever you like with your bitcoin, I do not think anyone need to advice you what you should do with your money, you can hold it, spend it, use it to buy stock or anything that can increase on value if you like, but never convert your coin to fiat and hold it in bank, that is the most foolish thing someone can do because fiat do depreciate.
But this will be my advice if you want advice, if you are not using the bitcoin, then hold it and buy more, it will worth more value if compared to fiat in the future.
But this will be my advice if you want advice, if you are not using the bitcoin, then hold it and buy more, it will worth more value if compared to fiat in the future.
Exactly just hold it. In the current times when bitcoin is about to get adopted even in the real market, and already in process of ETF approval application its great idea to hold this coin and groom it for future profits. Gosh, if I had 1 BTC then I would have sold it at the current ATH and would again bought more once the price has moved down the road. Keep repeating this until you double the bitcoin.
I would not even advice you to sell your coins for the altcoins and not even in stablecoins because that would similar to selling it to the fiat currency.
In the current timing you at least have assurance of high resistance of bitcoin to the market. Future is way bright, dont sell it. Grow it!
@so98nn, Bitcoin ETF will help the market but will also make the market to be highly volatile. Mind you, everything that has an advantage must have had disadvantages.
I can assume that OP doesn't have one Bitcoin.He's just a asking a question about a potential case scenario.
OP,if you really have one BTC,then congratulations.You are richer and more successful than 99% of all Bitcoiners so seeking financial advise from people,who are less successful than you are seems kinda stupid to me.
Does a rich person seek financial advise from the poor people?Nope...
Anyway,If you don't really have one BTC,then the entire discussion is just gibberish.It's like asking "What will you buy or invest with the money,if you win the jackpot?"There's no point of such questions.
OP,if you really have one BTC,then congratulations.You are richer and more successful than 99% of all Bitcoiners so seeking financial advise from people,who are less successful than you are seems kinda stupid to me.
Does a rich person seek financial advise from the poor people?Nope...
Anyway,If you don't really have one BTC,then the entire discussion is just gibberish.It's like asking "What will you buy or invest with the money,if you win the jackpot?"There's no point of such questions.
Would you want to share my 1 BTC with me after sharing your thoughts ?
Are you saying you're poor ?
Ohh my goodness, you said that right ?
It's only a piece of advice since we here to learn and educated ourselves and one-self.
Well use it for good, i mean you can spend it whatever you want but make sure at the end of the day you still have money to pull out, i mean before anything else probably much better to build business first and still put an investment to crypto so that you have backup. And then the rest its up to you.. You can help people that need assistance as well such homeless or your relatives and neighbours that still struggling because of what kind of situation we still have right now. In fact it's not a big thing because we all knows how much is 1btc nowadays. 
it's a big achievement as well aside of having such amount of money.
it's a big achievement as well aside of having such amount of money.
The advise of what to do with 1 BTC depends solely on you and your personality. Do you want to have a steady income every month? Then hodling bitcoin is definitely not the solution. In this case, maybe lending your bitcoin would suit better. Do you want quick money with high risk? Search for an altcoin that has 7-digit market cap and once you make your researches go for it.
Just for your information, since the first halving (2013), bitcoin has given you the chance to increase your annual yield by 180%.
Just for your information, since the first halving (2013), bitcoin has given you the chance to increase your annual yield by 180%.
This might be more personal as well confidential to we all, but if you're to share your thoughts or advice one on how to spend he's/her 1btc what would that be ?
Estate management ?
More in Bitcoin ?
Investment in the Stock market ?
Maybe your ideas might or will be helpful.
Estate management ?
More in Bitcoin ?
Investment in the Stock market ?
Maybe your ideas might or will be helpful.
If I were to invest 1BTC in something other than the cryptocurrency it would be in Real estate. With the current price, you can perhaps buy a house and real estate property is always a good investment. If not, I would try to duplicate my coins and would invest 1BTC in a few crypto projects that I consider to a lot of potential on the long run.
I'd take Shaq's spending advice when deciding on how to divvy your 1 btc which is approximately 66k last time I checked. He said that whatever you earn, save 50/invest 50% of it in something that will secure your wealth or give you ROI, and then divide the remaining 50% into 2, saving the other for retirement, while the remaining 25% of your whole profit could be spent on whatever you want. Obviously this will only work if you can rake in big money like he does so I guess earning 1 btc should still allow you to do this.
yeah. Properly seeking professional advice should work too. It's not like there's no valuable suggestions and strategies in this forum, it's more on the professional side of things, and having someone who would follow through your progress as time passes by. Hiring a personal financial assistant does not come cheap tho, and from where I live, includes some form of contracts and benefits as well as responsibilities that both you and the financial advisor should follow, like insurance and stuff. Then again, it's OP's personal choice at the end of the day.
This might be more personal as well confidential to we all, but if you're to share your thoughts or advice one on how to spend he's/her 1btc what would that be ?
Estate management ?
More in Bitcoin ?
Investment in the Stock market ?
Maybe your ideas might or will be helpful.
there are not many financial advisors on this forum, but you need to seek financial advice for yourself, you don't have to ask everyone here and worry that your finances will be messed up, I only suggest that your finances are properly managed so find your personal financial advisorEstate management ?
More in Bitcoin ?
Investment in the Stock market ?
Maybe your ideas might or will be helpful.
This might be more personal as well confidential to we all, but if you're to share your thoughts or advice one on how to spend he's/her 1btc what would that be ?
Estate management ?
More in Bitcoin ?
Investment in the Stock market ?
Maybe your ideas might or will be helpful.
there are not many financial advisors on this forum, but you need to seek financial advice for yourself, you don't have to ask everyone here and worry that your finances will be messed up, I only suggest that your finances are properly managed so find your personal financial advisor Estate management ?
More in Bitcoin ?
Investment in the Stock market ?
Maybe your ideas might or will be helpful.
You can do whatever you like with your bitcoin, I do not think anyone need to advice you what you should do with your money, you can hold it, spend it, use it to buy stock or anything that can increase on value if you like, but never convert your coin to fiat and hold it in bank, that is the most foolish thing someone can do because fiat do depreciate.
But this will be my advice if you want advice, if you are not using the bitcoin, then hold it and buy more, it will worth more value if compared to fiat in the future.
But this will be my advice if you want advice, if you are not using the bitcoin, then hold it and buy more, it will worth more value if compared to fiat in the future.
Exactly just hold it. In the current times when bitcoin is about to get adopted even in the real market, and already in process of ETF approval application its great idea to hold this coin and groom it for future profits. Gosh, if I had 1 BTC then I would have sold it at the current ATH and would again bought more once the price has moved down the road. Keep repeating this until you double the bitcoin.
I would not even advice you to sell your coins for the altcoins and not even in stablecoins because that would similar to selling it to the fiat currency.
In the current timing you at least have assurance of high resistance of bitcoin to the market. Future is way bright, dont sell it. Grow it!
This might be more personal as well confidential to we all, but if you're to share your thoughts or advice one on how to spend he's/her 1btc what would that be ?
Estate management ?
More in Bitcoin ?
Investment in the Stock market ?
Maybe your ideas might or will be helpful.
Estate management ?
More in Bitcoin ?
Investment in the Stock market ?
Maybe your ideas might or will be helpful.
if I would give a suggestion it would be to study and understating the crypto market , then after thoroughly doing your own research or asking some professionals in crypto trading start inter crypto trade with half of you BTC, well bitcoins aren't the only digital crypto currency that is growing , there are many altcoins also ,
although bitcoins are growing but altcoins are being promotes as well , for example we saw the rose of DOGE and Ripple
the returns on DOGE and from March 2021 to May 2021 were 1400% more than bitcoins.
I can assume that OP doesn't have one Bitcoin.He's just a asking a question about a potential case scenario.
OP,if you really have one BTC,then congratulations.You are richer and more successful than 99% of all Bitcoiners so seeking financial advise from people,who are less successful than you are seems kinda stupid to me.
Does a rich person seek financial advise from the poor people?Nope...
Anyway,If you don't really have one BTC,then the entire discussion is just gibberish.It's like asking "What will you buy or invest with the money,if you win the jackpot?"There's no point of such questions.
OP,if you really have one BTC,then congratulations.You are richer and more successful than 99% of all Bitcoiners so seeking financial advise from people,who are less successful than you are seems kinda stupid to me.
Does a rich person seek financial advise from the poor people?Nope...
Anyway,If you don't really have one BTC,then the entire discussion is just gibberish.It's like asking "What will you buy or invest with the money,if you win the jackpot?"There's no point of such questions.
This might be more personal as well confidential to we all, but if you're to share your thoughts or advice one on how to spend he's/her 1btc what would that be ?
Estate management ?
More in Bitcoin ?
Investment in the Stock market ?
Maybe your ideas might or will be helpful.
You are right that asking a question like this would be better if you will just not ask it to us because its more of a personal question and a confidential one like you said.Estate management ?
More in Bitcoin ?
Investment in the Stock market ?
Maybe your ideas might or will be helpful.
But if I will be on that situation and I want to spend 1BTC, I might diversify it more into different assets. Altcoins, Mutual Funds, Blue Chip Stocks and keeping some into top coins are the things that I will do. Maybe most of us will prefer to just let 1BTC be hold because many believe that it will have more value in the next years. It might be true but I like to diversify more than just putting it into 1 asset
.Putting all of your eggs in a basket ain't no good one at all.
Investment in top coins aside Bitcoin, the crypto currency sphere can be so unpredictable,some coins can still rise to a level maybe almost as Bitcoin.
So this is a much bigger and better idea...this will go a longer way.
It probably isn't all that wise to seek investment advice off those that are going to be biased to Bitcoin. Basically, as you can see most of us will suggest that you keep it in Bitcoin, after all Bitcoin has shown throughout its short history that it has kept going up, and hitting new highs.
Although, I'll recommend something different; if you are seeking financial advice then seek a professional, and not someone on this forum. Though, I think largely these types of professionals are blagging it, so choosing one might be difficult.
So, do your own research. Look at what could effect Bitcoin in the short term, what could effect it in the long term, and decide whether it would be best to keep that 1 Bitcoin, and let it potentially appreciate in value, or use it to invest in something else. No one can tell you what to invest it in, since it's your money. However, even if you wanted to invest it into something else, you could probably only invest it into something which has the potential to give you less money over time.
At the moment, Bitcoin is a exciting technology, and with that comes a certain hype, plus because a few of us actually think it's revolutionary it has the small chance of becoming a mainstream currency. If that were to happen it's likely that Bitcoin would see a exponential value increase. Also, Bitcoin has probably been the most profitable investment in the last ten years, and it hasn't shown any indications of it slowing down. Though, that's not to say that it won't slow down or even completely stop being profitable.
Okay, so I've given you conflicting views there, but my opinion is; there are certain things that Bitcoin has to overcome for it to become a mainstream currency, I use the phrase "small chance" because I believe currently there is a small chance because it has certain problems it needs to overcome. Once of the major ones I think is; complexity for the general public, which has improved significantly since its creation, but it still has a long way to go before mass adoption. Luckily, even if it wasn't to become a mainstream currency, there is still indications that it'll be profitable. Basically, Bitcoin allows you to manage your own money, therefore you control it. In the modern world, this is rare, most people need to use banks, because that's how they get paid, and that's what their loan companies or landlords require. Therefore, they are almost forced into using a third party to manage their money. On top of this; you are then introducing inflation, because there is no cap on the amount the government can inject into circulation. Bitcoin on the other hand is somewhat deflationary by design, therefore the longer it is in use, and popular the more likely it's to appreciate in value. This is what we've seen consistency over the years, and if you were to compare Bitcoin to any other investment, I would bet you'd come to the conclusion that Bitcoin would have been the investment with the highest return.
Despite this, there's no guarantees in life, and ultimately it's down to you, and your personal judgement on what, and how to handle your money. However, this is something that is ingrained into every person who uses Bitcoin, since it's the only currency which realistically allows you to do so.
Although, I'll recommend something different; if you are seeking financial advice then seek a professional, and not someone on this forum. Though, I think largely these types of professionals are blagging it, so choosing one might be difficult.
So, do your own research. Look at what could effect Bitcoin in the short term, what could effect it in the long term, and decide whether it would be best to keep that 1 Bitcoin, and let it potentially appreciate in value, or use it to invest in something else. No one can tell you what to invest it in, since it's your money. However, even if you wanted to invest it into something else, you could probably only invest it into something which has the potential to give you less money over time.
At the moment, Bitcoin is a exciting technology, and with that comes a certain hype, plus because a few of us actually think it's revolutionary it has the small chance of becoming a mainstream currency. If that were to happen it's likely that Bitcoin would see a exponential value increase. Also, Bitcoin has probably been the most profitable investment in the last ten years, and it hasn't shown any indications of it slowing down. Though, that's not to say that it won't slow down or even completely stop being profitable.
Okay, so I've given you conflicting views there, but my opinion is; there are certain things that Bitcoin has to overcome for it to become a mainstream currency, I use the phrase "small chance" because I believe currently there is a small chance because it has certain problems it needs to overcome. Once of the major ones I think is; complexity for the general public, which has improved significantly since its creation, but it still has a long way to go before mass adoption. Luckily, even if it wasn't to become a mainstream currency, there is still indications that it'll be profitable. Basically, Bitcoin allows you to manage your own money, therefore you control it. In the modern world, this is rare, most people need to use banks, because that's how they get paid, and that's what their loan companies or landlords require. Therefore, they are almost forced into using a third party to manage their money. On top of this; you are then introducing inflation, because there is no cap on the amount the government can inject into circulation. Bitcoin on the other hand is somewhat deflationary by design, therefore the longer it is in use, and popular the more likely it's to appreciate in value. This is what we've seen consistency over the years, and if you were to compare Bitcoin to any other investment, I would bet you'd come to the conclusion that Bitcoin would have been the investment with the highest return.
Despite this, there's no guarantees in life, and ultimately it's down to you, and your personal judgement on what, and how to handle your money. However, this is something that is ingrained into every person who uses Bitcoin, since it's the only currency which realistically allows you to do so.
Big Thanks for the much insight, grabbed a whole lot.
Despite all of this my idea is best and getting a professional for more insight.
Thank you....You will be grand
This might be more personal as well confidential to we all, but if you're to share your thoughts or advice one on how to spend he's/her 1btc what would that be ?
Estate management ?
More in Bitcoin ?
Investment in the Stock market ?
Maybe your ideas might or will be helpful.
You are right that asking a question like this would be better if you will just not ask it to us because its more of a personal question and a confidential one like you said.Estate management ?
More in Bitcoin ?
Investment in the Stock market ?
Maybe your ideas might or will be helpful.
But if I will be on that situation and I want to spend 1BTC, I might diversify it more into different assets. Altcoins, Mutual Funds, Blue Chip Stocks and keeping some into top coins are the things that I will do. Maybe most of us will prefer to just let 1BTC be hold because many believe that it will have more value in the next years. It might be true but I like to diversify more than just putting it into 1 asset
. 
the purpose of owning bitcoin can only be determined by the person holding it. there are so many choices when you have 1 bitcoin in your wallet, for example
in business
To spend it for fun
it all depends on what you want to use it for.
in business
- real estate investment
- buy shares in big companies in your country
- create a company that can employ other people
- buy land or gold for further investment
- Become an investor for business with your trusted people
- buy a garden and develop it
To spend it for fun
- you can buy a nice car with 1 bitcoin
- buy a motorbike
- vacation to various places in several countries
it all depends on what you want to use it for.
This might be more personal as well confidential to we all, but if you're to share your thoughts or advice one on how to spend he's/her 1btc what would that be ?
Estate management ?
More in Bitcoin ?
Investment in the Stock market ?
Maybe your ideas might or will be helpful.
Estate management ?
More in Bitcoin ?
Investment in the Stock market ?
Maybe your ideas might or will be helpful.
How do you spend more to bitcoin with one bitcoin? Do you mean leverage trading? I would stay off from that unless you are feeling very lucky, because with leverage, there's a real change of losing a LOT.
And what comes to other stuff, you can invest poorly by your own with stocks real estate or with cryptocurrencies when you have no idea what you are doing. If you want safety, contact an expert. If you want high risk high reward scenario, invest cryptos (but do research, not just any cryptos).
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