Topic: Advice: 1 BTC - page 3. (Read 582 times)

If you have 1 bitcoin, of course investing is the best way to double your bitcoin assets, because for now many altcoins that you can hold for big profits, and your capital of 1 bitcoin is very large to buy other potential coins, but this all depends on your wishes because a lot of the advice we give is certainly different then your own thinking is the right choice, And in the world of bitcoin we have a lot of risk in making investments so you also have to be careful not to let your 1 bitcoin just disappear.

a lot of them offer such but i'm not sure how good the idea is when it comes to ownership of the BTC anymore. when you deposit or send the BTC out your wallet, it's obviously not yours anymore. It could earn you money but it's trusting them that is risky. Nexo offers 12% for our Idle Assets. it's popular and has insurance thru BitGo.  in the real world, offers like this is actaully very high that you will look to it as a too good to be true offer.

BlockFI and Nexo I believe are compliant and have been around for years also. It's all up to you.

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.

First of all, what is your financial purpose?
Do you like investing?
if you have already that 1BTC, at what rate did you buy? DO you get the profits?
Do you know already the risks of investing in Bitcoin, other cryptos, and also stocks market?
What kind of investment do you really know and udnerstand?
I will suggest you invest in something that you really understand.
You can learn at first and you will know the best way to spend your BTC. If you want to cash out them, I will prefer to not cashing out all, but only a part and use them for offline business or investment.
But once more, do your own research and consideration wisely and smartly.

Reaching the goal of having 1BTC is a dream for a lot of  people, and i really think that you should spend some good time figuring out what to do with it, apart from enjoying life and spending some of it on buying things or going on vacation for example because you may never know what the future hold and you should enjoy it while you can, but also you should try to invest it in some real estate, because even if you are not going to be using it for resedincance you can always rent it and gain money from it.

Current price of 1 Bitcoin as of my writing $57,500 which i could say an already a big amount of money for you to invest on.When you are in torn between choices of investment then you do all have the full control since its your money after all.

No one can stop you if you do ever decide to put up on stocks, stick with bitcoin or real estate but overall we do know that diversification is always been ideal because you could have lots
of sources whenever you do talk about possible profits but of course the risk would be always there but at least you do have several options for you to recover
and thats the advantage of diversification.

Your money then its your full control.

With a budget of 1 BTC you can get a big profit by trading bitcoin with the same amount of risk. it all depends on the wishes and beliefs of each person. I'm currently happy to try Staking and NFT games. maybe I'll spend on some things like this and take the time to do research in choosing an investment project that I believe will give me a profit.in the end you will take the risk to get more .so choose what you really believe in and knowing.

I think you can suggest it yourself better than others. If you can spend hours researching and you trust yourself, then you can invest in altcoins for short trades and take profit. Or if you can give your time to trading, then you can jump into trading. If you think both are risky for you, then just hold on until you are satisfied with your profit. Look, I suggest these 3 things because if you want to gain something, you should believe in yourself. And you should stop copying others. You can take inspiration from the following, but don't copy and paste.

Real Estate investment is good but to me I think I would rather leave it in btc to value more, between which other investment is as profitable as btc at present, beside the market volatility I consider putting in btc the best thing to do, or perhaps you can split it, half I'm btc and half in real estate so that you don't put all your eggs in one basket.

With the current market, you will enjoy small things if you want to buy anything for yourself only if you bought it much lower than 40k and get profit till now.

Now, if this 1 btc is your investment allocation and you have funds for your daily needs at least for 3 years, and whether you bought it lower than 35k or 50k, or you will buy it later, there's nothing better than to hold and enjoy $$$ profit after years.

That seems excessive for a total of about $50k. Here, a financial advisor starts at about €100 per hour, and chances are they have no idea how Bitcoin works.

As always: it depends If all you have is that 1 Bitcoin, diversifying into the stock market isn't such a bad idea. But on the other hand, that 1 Bitcoin has been doing much better than the stock market, so it might pay off to ride it out a bit longer.

Taxes might be a thing too, depending on where you live.

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I would like to diversify, but only when I reach "FU status". Once I reach it, I want to keep it, but as long as I don't reach it, I'll just enjoy the ride (up more than down).

I like to have a balanced portfolio ...with a good distribution of wealth between low / medium / high risk investments. So .... let's say someone gift me 1 bitcoin... I will convert some of that bitcoin to fiat and then buy some shares and also buy some Gold and Silver and also buy some more Alt coins with potential. 

It is never a good idea to have all eggs in one basket.... so diversify into low / medium and high risk investments for a higher future profit potential to beat inflation. 

Some custodial accounts offer up to 6.25% APY in case you want to park your BTC, just saying.

Spending bitcoin to gain more bitcoin means that you'll have to trade it or do something like buying and selling of goods and profit there shall be  converted to bitcoin again. IMHO, what I'll do with 1 btc is that I'll just hold it. I might sell but not for now and will invest the profit into real estate. I think that's the best option next bitcoin if I just want to take most profits into another investment. I wouldn't get into stocks after selling bitcoin, it's better to keep it.

I think if you have 1btc you already have a plan on how to spend or to invest it. No need to listen to others advice because sometimes it doesn't have a good result if you did it against your will. You are already an investor so, investing is your first move but if you are materialistic I think you will spend your one 1btc on buying things that you want. Everything and every decision is depends on you who owned that bitcoin. If I have such amount of bitcoin, i will divided it into savings, investment either in bitcoin or real state then the small portion is for spending.

Maybe he wrote about mining.
In a growing market, this will be a dubious investment, but in a falling market that can last 1 year or more, it can be a good investment.
Of course, you need to have access to cheap electricity and have a little experience.
Or invest in some DeFi project to lose coins

If that's you, you have options that it's hard to be sure it will fit while we don't know your background, abilities, environment. What if I would summarize into 2 options:
- Meet your financial advisor, they will suggest a proportional business
- Hold your bitcoins instead of investing in other things  (my advice as BTC enthusiast)

You want to spend 1 bitcoin to get more bitcoins? 
Tell me an example of this business (other than trading)

If I were to invest 1 BTC then I would rather choose to diversify the amount into various investments. I already have a list of investments though.

Cryptocurrency - why not buy some altcoins or hold some of your BTC for the future
Stocks - handpick some stocks and invest in it for long term
Gold - always a safe and good investment
Real Estate - I have  a craze for it
Startup - Always wanted to invest in startups and own business that could yield me passive income

Better to go into business you are talented/skilled in and passionate about. Atleast that will help you with patience to see it succeed.
You should learn first or learn through experience by starting small with part of the Bitcoin to avoid taking big risk or gambling. Once you start becoming consistently profitable in the business, you can gradually scale it up with more Bitcoin. Don't spend the whole money on the business at once unless you are very certain you can grow it and  won't lose it.


Use the business to benefit others. I think you could create safe products or services that can be very useful to people. They should be so useful and hard to resist. They should be affordable too. People of any economic class should be able to afford it.

For me, I will ask myself what the reason for having the Bitcoin, but if is just earned somehow, I will divide it into two, invest one half back to bitcoin for the other half I will invest into my Catering business as well as my orphanage home.