I would suggest to partly(about 10-15) invest in other altcoins after researching them. There are many which will definitely grow over the years.
For the rest of the coins, just let him HODL. Bitcoin will rise more and with all the forks happening, holding i will give more benefits.
Topic: Best way to use 45 BTC - page 5. (Read 1902 times)
Doubt this is real, but if it is I would say you might want to cash like half of it out just in case.
sell half and buy house/flat for rent. second half keep next years.
If i have 45 bitcoins ill cash it out and invest in my profesion,and help my parants.
Dear All,
one of my friends have 45 BTC in his pocket.(which was bought 5 years ago).
Need expertise advice how to use them effectively??
one of my friends have 45 BTC in his pocket.(which was bought 5 years ago).
Need expertise advice how to use them effectively??
According to research, most BTC holders will wait until price up to $ 195,000. So, your friend can sit in holders boat and wait for great gaining... What do you think about my advice?)
In my opinion, take a hardware wallet and put 35 btc there and just leave it secure ( just forget about them). with 5 btc buy something for yourself be it holiday, a car or whatever you fancy. with other 5 btc start trading and try to earn more money from those 5 btc... Good luck..
Do you mean how to actually send and receive them?
Or what to spend them on?
I would recommend holding the 45 Bitcoins for longer.
The price will continually go up.
HODL
Or what to spend them on?
I would recommend holding the 45 Bitcoins for longer.
The price will continually go up.
HODL
Convert some btc and buy the good altcoins . rest of them you can either just hold it or do the trading. Trading will help you to earn some the quick gains of done at a right time.
whatever you insist to do, at all times you have to keep some btc in your wallet( maybe like 10) the value will only grow more over time and for the 35 btc u already have you can start a business in real life!
Gold diggers awaits!
Dear All,
one of my friends have 45 BTC in his pocket.(which was bought 5 years ago).
Need expertise advice how to use them effectively??
one of my friends have 45 BTC in his pocket.(which was bought 5 years ago).
Need expertise advice how to use them effectively??
I would advise to fix his profit. Your friend had already done a great move. So why not to tranfer 15-20 BTC in fiat. That money could be invested in some more conservative assets tham cryptocurrency like stock market of real estate. Another 20-25 BTC should remain in crypto.
maybe give some to another people who need it, like make donation to orphanage.
Keep some of the coins.
I mean it depends on his initial investment.. Whether he wants to withdraw that and keep the rest as profits to accumulate over time? That's probably what i'd do.
I mean it depends on his initial investment.. Whether he wants to withdraw that and keep the rest as profits to accumulate over time? That's probably what i'd do.
You didn't say what condition he is in now... young/old work/jobless rent/ownhouse etc
so... sell 1 BTC go on vacation to wherever he always wanted to go all this time (have fun)
if he lives in a medium to small city and still renting an apartment then buy a small but nice home (below 10 BTC)
next get himself a new/used car (2-3 BTC) if he needs transportation to his workplace or daily activities
and spend 1-2 BTC on personal needs, clothes, electronics/gadget, furniture etc to make comfortable home and life
that should leave around 30 BTC which should go to 2-3 different type investments
keep most of it on BTC and crypto currency and do conservative trading to avoid big loss
buy property for rental and/or invest on any promising start up company
this way he will have some tangible assets and passive income for his monthly expenses
and at the same time keeps working and enjoying life as it should
try to balance everything in life so you live energized happy life and not dull boring life
so... sell 1 BTC go on vacation to wherever he always wanted to go all this time (have fun)
if he lives in a medium to small city and still renting an apartment then buy a small but nice home (below 10 BTC)
next get himself a new/used car (2-3 BTC) if he needs transportation to his workplace or daily activities
and spend 1-2 BTC on personal needs, clothes, electronics/gadget, furniture etc to make comfortable home and life
that should leave around 30 BTC which should go to 2-3 different type investments
keep most of it on BTC and crypto currency and do conservative trading to avoid big loss
buy property for rental and/or invest on any promising start up company
this way he will have some tangible assets and passive income for his monthly expenses
and at the same time keeps working and enjoying life as it should
try to balance everything in life so you live energized happy life and not dull boring life
I suggest you to use invest in ICO or trading altcoins
45 BTC is good of amount to using trading, you can get a lot of profit in your traded.
45 BTC is good of amount to using trading, you can get a lot of profit in your traded.
If your friend wants to cash out, he should consider the tax liabilities he may incur.
He could also consider hedging some portion of it with bitcoin derivatives instead of outright selling, as a way of avoidance of the taxation issues.
He could also consider hedging some portion of it with bitcoin derivatives instead of outright selling, as a way of avoidance of the taxation issues.
Dear All,
one of my friends have 45 BTC in his pocket.(which was bought 5 years ago).
Need expertise advice how to use them effectively??
one of my friends have 45 BTC in his pocket.(which was bought 5 years ago).
Need expertise advice how to use them effectively??
I will tell what I would do: I would diversify. 358000 USD is a lot of money and it allows that.
I would certainly keep a big chunk of that money as Bitcoin. At least 50%.
For the rest I would buy alts, stocks, bonds and/or a property which I could rent out.
Edit: don't forget that if he keeps that in his own wallet, he also has Bitcoin Cash, which with some extra care he can sell. Also for such values I hope that he uses hardware wallet.
Just don't use it to gamble, invest in hyips, get scammed or get hacked.
Try to invest it in secure investments like casinos or just keep it till kingdom come.
Try to invest it in secure investments like casinos or just keep it till kingdom come.
Invest in ICO, cash it out, that's what I would do. That's a lot of money there
You should be a rich man now, and why not posted your address here, i trust you but better with proof 
trading is always the best, go away from gamble, hyip and ponzis also ICO(maybe)
trading is always the best, go away from gamble, hyip and ponzis also ICO(maybe)
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