choose an option - page 6. | Bitcointalksearch.org

Winterfrost

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I would pick option B because with it I can get all other options with at least an interval of 1year.

With $480k lumpsum at once into my account. I can use half of the money to accumulate Bitcoin with a DCA strategy since am more passionate about holding more Bitcoins. And the other half of the money will be use to run and operate the suitable business ideas I have in mind. Not only that 30% of my profit every month will be added to my Bitcoin accumulation pattern. 45% back to the business and the remaining 20% for my personal use. Since if I have high interest in Bitcoin, accepting Option c would not benefit me because I love to hold for long. Also I have gained knowledge and had experiences that am sure with the $480k lumpsum I will have a very large amount of Bitcoin in a decade. Am certain of that.

Charles-Tim

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Quote from: franky1 on October 30, 2023, 02:37:31 AM

you only get one win one option, but its about which preference.. i knew many would default choose bitcoin. but for those i wanted to know their thoughts if they chose something else INSTEAD

Most people will either choose bitcoin first or business if they know the business already and know how profitable it can be to have such business. The third that can be choosen is house which can be considered as real estate. Not advisable to choose anything related to fiat, but some people may prefer fiat lumpsum payment of the total amount because they think they can build a house from it, buy bitcoin from it and have a business from it. But if paid in bitcoin, you can convert some to fiat to have all those.

Gozie51

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Quote from: franky1 on October 29, 2023, 08:57:04 PM

which would you prefer to receive?
a. $480,000 lottery win as payments spread over 96months(8 years) of $5k a month
b. $480,000 lottery win as payment lumpsum $480k
c. $480,000 of bitcoin at(~$24k/btc buy price recent months allocated to the donator) 20btc

By the way you have d, e , f as a very good options too that I could point to reasons for choosing or not choosing them but let me stay with the above three even though you directed picking one and explaining why dropping the second choice over the first chosen.

Well I will pick 20 btc as first choice because it is an emerging investment asset and moreover the selling price at $24k is already a giveaway with the current price of $34,337 is also on a profit of about $10,337 which is amounting to $10,337 x 20 = $206,740 in instant profit at the point of decision and delivery. That is huge investable money already which could be used to invest or buy a house.

So the other options are good too but I prefer a lottery winning paid in installment over 96 months (8 years) of $5k each year. This is already looking like a loan and with a good plan you can gradually build the fund over the years in business rather than collecting the bulk sum of $480,000 at once that could be "lavished" back in gambling or lottery. So if you have $5,000 in installment per year, you can redirect your investment to another area of business by the next installment if the previous investment or business is failing.

franky1

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Quote from: Bd officer on October 30, 2023, 12:06:12 AM

Since I can choose bitcoin as first choice here and get option to take 2nd choice. For this I will choose Bitcoin as my first choice, and I will definitely choose Business as my source of income. Now if I had no source of income, and if I could not choose any other asset after choosing Bitcoin, then I would definitely take business as the first choice. Because investing in Bitcoin requires a long-term hold, business is very important to my daily life. I think to invest in bitcoin, first must have income source. If I had only one option to choose, now I would consider whether I have an income source. Now if I had an income source I would definitely choose Bitcoin.

you only get one win one option, but its about which preference.. i knew many would default choose bitcoin. but for those i wanted to know their thoughts if they chose something else INSTEAD

as to the rest. i want to see who can figure out which is the best deal of those options. i already have my own thoughts/calculations of them, but i want to see what others think about the options and their rationale/reasoning for their choice

Don Pedro Dinero

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I'd pick:

Quote from: franky1 on October 29, 2023, 08:57:04 PM

b. $480,000 lottery win as payment lumpsum $480k

Simply because I would split the money and apart from buying bitcoin I would use it for other things. If I chose to pay in bitcoin, I would have to sell part of it to use it for other purposes.

No one who has responded so far is thinking of spending some of it on fun/enjoyment/splurging? You have to enjoy life a bit, especially when you get half a million quid.

Bd officer

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Quote from: franky1 on October 29, 2023, 08:57:04 PM

which would you prefer to receive?
a. $480,000 lottery win as payments spread over 96months(8 years) of $5k a month
b. $480,000 lottery win as payment lumpsum $480k
c. $480,000 of bitcoin at(~$24k/btc buy price recent months allocated to the donator) 20btc
d. $480,000 value house
e. $480,000 value business
f. $480,000 of gold at(~$1.8k/ounce buy price recent months allocated to the donator) 266ounce

pick one and explain your rationale..
if you pick bitcoin as first choice. also pick another and explain rationale of second choice
(im mainly looking to see people opinions/rationale on choices that are made about not option C and compared to C)

Since I can choose bitcoin as first choice here and get option to take 2nd choice. For this I will choose Bitcoin as my first choice, and I will definitely choose Business as my source of income. Now if I had no source of income, and if I could not choose any other asset after choosing Bitcoin, then I would definitely take business as the first choice. Because investing in Bitcoin requires a long-term hold, business is very important to my daily life. I think to invest in bitcoin, first must have income source. If I had only one option to choose, now I would consider whether I have an income source. Now if I had an income source I would definitely choose Bitcoin.

bayu7adi

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Quote from: franky1 on October 29, 2023, 08:57:04 PM

e. $480,000 value business

I choose a business (with the understanding that it's a good business) consistently bringing in revenue for me every day. So, why didn't I opt for BTC in this choice? In a nutshell, BTC is my ultimate destination, and any business or job that generates income is my means of reaching that goal. Isn't it boring when you suddenly achieve your goal without any struggle?

Therefore, even though I chose the business first, I need to be able to save and manage to accumulate BTC in line with my target. To this day, I have a goal to possess 1 BTC, and if I were to go for BTC in the option you presented, what more would I need to do?

Moreover, I have always been curious about the business world which can lead many of the richest people in the world to reach their highest position.

philipma1957

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I assume they are all tax free.

I would take 20 btc first

I would take the business second.

The business would be a mine for btc.

I am tired and the math for the mine is long.

but a 600kwatt mining box is about 40k

it burns 12 megawatts a day. or

360 megawatts a month at 30 usd a mega watt that is 10800 a month

a two year contract is 260000

so I am in for 300000 i get to put in 180000 in gear to bring me to 480000

I can get 100th machines at 900 i can do 200 machines so 20ph

that earns 20000 x 0.071 or 1420 a day the ½ ing comes in 180 days.

I still have 540 days of power mined.

And I would have earned over 200000 in btc.

I need to tweak which units are best. but yeah I would take a properly setup mine.

Fiatless

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Quote from: franky1 on October 29, 2023, 08:57:04 PM

which would you prefer to receive?
a. $480,000 lottery win as payments spread over 96months(8 years) of $5k a month
b. $480,000 lottery win as payment lumpsum $480k
c. $480,000 of bitcoin at(~$24k/btc buy price recent months allocated to the donator) 20btc
d. $480,000 value house
e. $480,000 value business
f. $480,000 of gold at(~$1.8k/ounce buy price recent months allocated to the donator) 266ounce

pick one and explain your rationale..
if you pick bitcoin as first choice. also pick another and explain rationale of second choice
(im mainly looking to see people opinions/rationale on choices that are made about not option C and compared to C)

Option A will be my best choice. With $5,000 every month I could buy bitcoin using the dollar cost average. Option C is not my best choice because buying Bitcoin using lump sum at $24,000 is riskier than option A because the price of bitcoin cannot be predicted. Option A also gives more room for a better investment plan and reduces the risk of wasting money on luxury, losing all your funds to hacks or other uncertainties.

_act_

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Quote from: franky1 on October 29, 2023, 08:57:04 PM

c. $480,000 of bitcoin at(~$24k/btc buy price recent months allocated to the donator) 20btc

This is what I will pick.

I can not choose gold because despite that it is a store of value, it is not looking more as an investment becuase of its low ROI. For business, I can wait and later establish a business for myself, but I may choose business if the ROI is high. I can not choose a house. I can not choose lottery win.

I will choose bitcoin because of the coming 5x pump that will not take more than 2 years before it would have occured. Bitcoin may even go more than 5x. That is $2.4 million before the end of 2025.

Some people may choose business.

franky1

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which would you prefer to receive?
a. $480,000 lottery win as payments spread over 96months(8 years) of $5k a month
b. $480,000 lottery win as payment lumpsum $480k
c. $480,000 of bitcoin at(~$24k/btc buy price recent months allocated to the donator) 20btc
d. $480,000 value house
e. $480,000 value business
f. $480,000 of gold at(~$1.8k/ounce buy price recent months allocated to the donator) 266ounce

pick one and explain your rationale..
if you pick bitcoin as first choice. also pick another and explain rationale of second choice
(im mainly looking to see people opinions/rationale on choices that are made about not option C and compared to C)

Topic: choose an option - page 6. (Read 794 times)