Topic: choose an option - page 2. (Read 867 times)

I'd want option B. I consider myself to be pretty good that managing funds, so I'm not concerned that I'd overspend it or something. I'd get the fiat because this way I wouldn't have to prove where the funds are coming from in the future, and it's money that can be used directly, unlike Bitcoin which would usually require additional effort to sell it. But I'd put, say, 20% of it back into Bitcoin for long-term holding.
It's interesting to go through responses and see how people think about it. It's also not a bad idea (as the op suggested) to put up the money for interest rate in a bank, since it's a very big sum.

I would choose option B


The first option is the worst because it will be eroded by inflation, the value $5k per month we will received receive 8 year later is less than the $5k that we received right now. The other option doesn't give me choice or required me to sell the assets to allow me to diversify portfolio. A lumpsum payment will make it easier for me to then diversify it into several assets. Bitcoin, gold, .etc.

I would choose $480k worth Business.

Here are my thoughts about it:

1. If business is getting valued at 480k from its initial foundation then it has definitely shown some serious roadmap and that’s why its evaluation is worth it.
2. I will have perfect skeleton of business with all operations as it is so I can continue to grow it even further.
3. I will invest the upcoming profits immediately into diversified portfolio such as Bitcoin and share market so that I can make it even more valuable asset in the future. 
4. Based on the valuation in next 10 years I can either keep running it or just hand it over to my children to take over and get handsome retirement.

At the moment all of my little savings monthly go to bitcoin and sometimes a part of them on altcoins. So definitely I am choosing C or $480k worth of bitcoins even at the current price which is still around 50% below its previous all-time high. But I might sell a little portion of it and convert it into Ethereum and some other altcoins. I will also end my monthly DCA on bitcoin since I have enough.

The second option would be $480k lumpsum. With this amount, I will increase my monthly DCA on bitcoin and some altcoins. Say $50k monthly on bitcoin and $30k on altcoins. I'll stop when bitcoin reaches $50k or once I no longer have enough funds.

Business and other types of investment only follow by the year 2026. So I'm still sticking to my earlier plans even with the lottery winnings.

I will take Bitcoin first and then the $480k lump sum of the lottery. We all know Bitcoin is the best investment option, and it's definitely a better asset than anything else, so I chose Bitcoin as my first choice. Then the lottery is better than the monthly income because monthly you will only get $5k for eight years. No, man, it's ridiculous because of inflation; even your salary will cover the inflation. The business is a good option too, but I don't have any plans to do it, and without a proper plan for what to do and when to do it, it's really not a good choice for me, so I skipped it. And the gold and house are like liabilities for me, so no.

It only takes patients for btc price to appreciate again after it drop and you either have the chance to exit at your buy price or you DCA for potential profit. Bitcoin is highly volatile and that is why most choice have gone for bitcoin. It is also a hedge on inflation so whichever way you look at it bitcoin will still stand the taste of time. If you also go by the history of bitcoin, it has always gone pass the previous ATH , that shows it is an asset for the future and will keep appreciating in value after every halving.

What if bitcoin price fails to rise and falls below 24k$? There is no certainty that bitcoin will increase in price and double its profits. Next, the business also has no guarantee that it will continuously bring you revenue and profits. If doing business was that easy, I think everyone would do business instead of working for someone else.

Choosing 20 btc is a smart choice but don't think there will be no risk, and only think about profit and profit. When doing anything, whether investing or doing business, we should consider risks.

Since you already mentioned that if anyone choose Bitcoin as the first option, he can choose another option, so I will choose those twenty Bitcoins first. After all I think currently is the best time for buying Bitcoin. The Bitcoin halving is currently in the corner, Hopefully investing in it will double the fund very soon if bitcoin atleast touch its all-time high price. After then I will select the business as the second option. Because it will continuously generate a revenue and profit. Moreover, if you get a business opportunity of such a big fund it will be stupidity if I didn't take the chance. Moreover house and others things can be made after that.

I would pick option C and my second choice is option B, option E is a no for me as I would not know anything about that business, option D would be a house that is too expensive for me, option F is great but then I will need to find a way to store that gold securely and I already have enough with my bitcoin, this leaves option A and B, but due to the inflation it is a better option to take the lump sum of money, also this choice gives the greater flexibility out of all the options you gave us and I consider this to be very valuable these days.

This would be the choice for me. I believe it is better to have the money at hand and then brainstorm and decide how you want to spend it all. The first step for me with the money would be to start a business, a medium-scale business that will keep generating enough revenue for me to keep upgrading the business and turning it into a large-scale business and hopefully keep building other assets with the revenue that the business generates over the years it runs for.

I will invest some of it in Bitcoin and other cryptocurrencies if the market is down and I know there are high chances for it to enter the bull run in a couple of years or so. If I still have money left, I will probably buy a house to live in instead of renting a place which becomes hectic at times and you can't make any changes or make it look how you like it.

This is what I prefer. Receiving $5k a month (for 8 years) is more than enough for our expenses and needs monthly. Therefore I can use the excess money to save and invest in Bitcoin through DCA strategy. Moreover, I'd like the idea that I don't have to worry monthly on where to get the money needed if my salary (in my day job) is not sufficient to cover the expenses of our family since there are times there's an emergency.

Thus, when 8 years are over, i'm confident that before it happened I already made a decent amount of savings and various investments to secure our future. For me, that's the option that suited for the personality that I have.

If this is an offer coming in right away, I will gladly take Bitcoin (option C) because already there has been an additional profit with the current price of Bitcoin, and also the Bitcoin halving period is approaching where the market gets bullish, and if in the next bull market (2024 or 2025) Bitcoin gets to $100k, that's going to be $1,520,000 in profit, and the $480k initial capital total is $2 million in just 2 years. That's a lot of profit, and I believe from your list that Bitcoin is the only asset that can generate that amount of profit within a short period of two to four years.

The second option will be E, if I have a business value of $480k, as long as it's a business that falls into the category of the kind of business I want to establish—a business of things that are usually needed by people on a daily basis, like food. With that great sum as my capital, I know I will not earn less than $8k in a month, or even more than that.

I'd go with option B (the $480,000 lottery win as a lump sum payment).
Here's my rationale: First, opting for a lump sum provides me with the entire prize amount upfront. This instant access would be great for investments, paying off debts, or making significant purchases. Seconddly, with the lump sum, I will have the flexibility to invest the full amount in different places, which could potentially earn higher profits than what I might get through the other options. It'll allow me to set my investments to my financial goals and risk tolerance.

Now, if I were to choose a second option, I'd go with option E, the $480,000 (value business).
Here's my rationale for this choice: Owning a business can provide a consistent source of income and opportunities for expansion. It'll give me an opportunity to be actively involved in the business operations or even to hire professionals to manage it. It's an asset that can really be appreciated in value over time, and I'll have some control over its success through my management decisions.

Yeah, it's like a dead elephant. Even if it's dead it's worth a lot. You win in both cases. And when you have those kinds of advantages, I'm going with the option d. It is the best in my opinion. As the owner you rent out the place and just do a little bit of maintenance every now and then. That's all it takes to be a house owner here in my country.

There aren't any passive income as easy as owning a house. But as you explained earlier, The story is different from place to place. Maybe in my country it is a good thing for having those advantages. But it could be a pain in the ass if you are from a place where you have to do most of the hard works and pay for everything. It is also a pain here too but not in traditional houses but only in hotels. Rather than owning a hotel I would prefer a house for sure. In a hotel, people stay for few days or hours and they damage all the shit they want and you are the one who will have to pay for that. So that's not a very good business idea. So yeah option d could be favorable based on places and rules and regulation that place have.

Because this way they don't care about the local inflation. Plus they can earn some extra, since in many cases they ask for the price in local currency at national bank's conversion ratio +some% (to cover potential loses and actually get even more money from the customer).


As you can see we here are robbed on the daily basis for many years. And the government, after wasting (and obviously stealing) much more money they should have, now they rose the taxes too.


I guess I've said it wrong. I was thinking on that money after the necessary tax being paid by the lottery company.
And here I have to pay tax for all crypto gains if I do transactions of yearly total exceeding the incredible amount of... 150 EUR. And one transaction doesn't have to be bigger than 40 EUR.
I guess the sun would turn into supernova before I'd spend here those 20 BTC without tax


I like the way you're thinking (and I see your politicians are not even as bad as ours) but I expect the legit casinos might report such wins. And will most probably not tell whether they did or not.

That's a bit strange to me considering that I know that your country is not in the Eurozone, so why express prices in Euros? My country entered the Eurozone at the beginning of this year and the sellers took advantage of that and increased all prices considering that the conversion ratio was 1 EUR -> 7.53 in relation to the local currency. It was only after about 8-9 months that the government took action and returned part of the prices to the values they were at the end of last year, but we were literally robbed during that period because some prices went up over 100%. I believe that every country should have monetary sovereignty and thus be able to deal with its problems, and not that one center of power decides everything.



I understand that tax plays a role for some, but if I were to receive that amount in cash in a bank account and it would be the winnings that arose from winning the lottery, I would have to pay the maximum tax rate of 30% (which is the highest rate considering gain). On the other hand, if the winnings were paid out in BTC, and that would be something that the state would not have insight into, then I could sell that BTC without doing KYC, because that is still an option for me, considering that transactions up to EUR 1000 can be conducted without KYC.

Although we are talking about a lottery win here, not every such win has to be KYC, because if we take into account freebitco winnings (weekly or monthly) you get them to your BTC address, and I certainly wouldn't report a $200k win, because 30% would go into the pockets of corrupt politicians.

I'd definitely go for the lump sum of cash, just because in my country at least there would be no tax on it, but you couldn't say the same if you were American because they get hit heavily for "gambling" related winnings. Option A looks appealing until you realize that the lottery, after inflation, are winning big by spreading it over a longer time period so your winnings will be worth less. The other ones are appealing as well, however cash is king really and if you wanted to be sensible you could diversify into a bunch of those different assets but possibly keep the bulk of your money in a more steady investment like an index fund. It will also depend on how you see the economy of your country and the world going in the next few years whether you want to invest it all.

$24k/btc and then I'll sell some to make the business ideas on my mind into reality. Obviously, I have already got $10k/btc profit if that's the price when it was given to me. That's an easy choice when you want to hold Bitcoin and also make some profit out of it. The other choice gives you the financial stability and that's going to make you set for life. But I think this is also a good choice, if you believe that Bitcoin will be bigger someday then you'll make more from those options and you'll have a better life than the choice of others if you're good at handling money. That means that your take-home pay is higher than the rest because the price of Bitcoin has gotten bigger and you'll have more capital to start with if you trying to build a business.

Receiving 5k a month would make it impossible for you to invest in a big project where you'll need a lot of money at once.
Also, the more you earn monthly, the more your needs increase and it would get to a point where $5k a month won't be enough for the month.

My first choice would be option B.
With $480k I can do a lot. I won't be investing all that in Bitcoin and that's why I wouldn't option C is not my first choice.
I can invest in various things, including Bitcoin. I can buy 6-7 Bitcoins and hold them for a long time. I might see 4X my investment in 2 years.

I don't know the type of business so I won't be going for option E. It could be a very high-risk business or a business I don't have a good understanding of. I might end up running the business to the ground. I'd rather take the money and start my own business that I have an understanding of.

$480k worth of Bitcoin would be my second option.
I can sell half of the 20btc and use it for other investments. It won't be prudent to leave all my earnings in Bitcoin knowing how volatile Bitcoin is.

I see, it's quite interesting to learn about such nuances in different countries. In your case it definitely makes sense. Also I liked your point about land, for some reason I forgot to mention it in my answer. Anyway, I agree with you, that except some hard work related to the house, you also have some significant advantages.