If you had suddenly 500 BTC | Bitcointalksearch.org

dunfida

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Quote from: numanoid on July 22, 2016, 04:36:43 AM

Quote from: bitdumper on July 22, 2016, 03:01:06 AM

if i had 500btc then i am gonna leave bitcoin world any put all the money into bank and will take only the interest till i die. at least it will be more than enough for my pension.

LOL? your sound like you're have no any planning in the future when you got those BTC500 . Dude, if i had same amount like yours, i'l open new bussiness for my family. (i think this is better than just put all your money in bank and wait for interest?)

Its a better choice having a business than to put up all money on banks and waiting for the interest. Are you contented to that?

If i were you invest into something that would give you more money, more than having a pension out of interest of banks as you stated.

qiman

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First thing I would do is buy a house for my family, that way we would never have to pay rent again and then I would invest the rest to produce more of it and generate enough income to leave my day job and travel with my wife and family before we get too old to enjoy life.

eternalgloom

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Quote from: numanoid on July 22, 2016, 04:36:43 AM

Quote from: bitdumper on July 22, 2016, 03:01:06 AM

if i had 500btc then i am gonna leave bitcoin world any put all the money into bank and will take only the interest till i die. at least it will be more than enough for my pension.

LOL? your sound like you're have no any planning in the future when you got those BTC500 . Dude, if i had same amount like yours, i'l open new bussiness for my family. (i think this is better than just put all your money in bank and wait for interest?)

ANd pay a massive amount of taxes on that money? No, I'd rather keep it in Bitcoin and cash out small amounts using a Bitcoin debit card or something like that. Maybe invest part of those Bitcoins

numanoid

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Quote from: bitdumper on July 22, 2016, 03:01:06 AM

if i had 500btc then i am gonna leave bitcoin world any put all the money into bank and will take only the interest till i die. at least it will be more than enough for my pension.

LOL? your sound like you're have no any planning in the future when you got those BTC500 . Dude, if i had same amount like yours, i'l open new bussiness for my family. (i think this is better than just put all your money in bank and wait for interest?)

boybugs18

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gonna exchange it bit by bit to avoid some suspicion even if its clean because there are some bad people want to have easy money like doing extortion or something . Use the money to develop myself and learn more about bitcoin so in the future I can make again 500 BTC from my hardwork and knowledge and also gonna secure myself using that much money.

bitdumper

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One world One currency, Bitcoin.

if i had 500btc then i am gonna leave bitcoin world any put all the money into bank and will take only the interest till i die. at least it will be more than enough for my pension.

GamingOn

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If I had 500 BTC out of the blue (i.e. same style as win the lottery) I'd seek a financial advisor as to how to wisely invest it. Don't get me wrong, I do invest in other projects in crypto but 500 BTC is a lot of money and you want professional advice how now to go crazy with it.

abugseuf

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Quote from: MFahad on July 22, 2016, 12:52:42 AM

Quote from: ardentvolcanoes on July 22, 2016, 12:07:03 AM

Quote from: Doms on July 21, 2016, 11:54:26 PM

Quote from: janggernaut on July 21, 2016, 10:47:20 PM

Quote from: Hilat on July 21, 2016, 05:01:30 AM

Then I would spend them all right away because with 500 Bitcoin I can make enough even if the price is not that high.
I do not have the patient to be waiting any longer with that many Bitcoin.

I think thats too much if you spend them all, if i had that amount, i'll spend too, but just around 250 btc, and hold the rest maybe btc price will going up.

There is no such thing as too much spending if you think about it. There are many ways to spend those 500 bitcoins quite easily, although it is not a good idea at all. What I'd do if I am suddenly the lucky owner of that amount, I would put about $300 in cold storage, another $100 into altcoin trading, maybe $20 dollars into gambling and the rest I'd just spend to my heart's desire.

Lmao if ever you or I have BTC500 we will become a instant millionaire because if I would convert it to my local currency which is phil. Peso I would instantly have around 15 million php so it means I have a lot money that I can even buy a condo unit or stay at hotel for a few months or weeks and buy my own house or a car . Imagination and daydreaming are free so theres nothing with it Grin

Yeah, exactly if i have suddenly get 500 Bitcoins, so i never save it again, i withdraw my bitcoin into cash and than i buy a new house and a new car, and the other amount i would like to invest it. Because 500 bitcoins it is too much amount, but in real life no one get it suddenly except in dream.

yes that is a good idea. but i think i will not withdraw all the amount at the same time because i know that in next some months the price may be double as compare to the present price of bitcoin so i think that the 500 bitcoin will turn int 1000 bitcoin in next few months.

MFahad

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Quote from: ardentvolcanoes on July 22, 2016, 12:07:03 AM

Quote from: Doms on July 21, 2016, 11:54:26 PM

Quote from: janggernaut on July 21, 2016, 10:47:20 PM

Quote from: Hilat on July 21, 2016, 05:01:30 AM

Then I would spend them all right away because with 500 Bitcoin I can make enough even if the price is not that high.
I do not have the patient to be waiting any longer with that many Bitcoin.

I think thats too much if you spend them all, if i had that amount, i'll spend too, but just around 250 btc, and hold the rest maybe btc price will going up.

There is no such thing as too much spending if you think about it. There are many ways to spend those 500 bitcoins quite easily, although it is not a good idea at all. What I'd do if I am suddenly the lucky owner of that amount, I would put about $300 in cold storage, another $100 into altcoin trading, maybe $20 dollars into gambling and the rest I'd just spend to my heart's desire.

Lmao if ever you or I have BTC500 we will become a instant millionaire because if I would convert it to my local currency which is phil. Peso I would instantly have around 15 million php so it means I have a lot money that I can even buy a condo unit or stay at hotel for a few months or weeks and buy my own house or a car . Imagination and daydreaming are free so theres nothing with it Grin

Yeah, exactly if i have suddenly get 500 Bitcoins, so i never save it again, i withdraw my bitcoin into cash and than i buy a new house and a new car, and the other amount i would like to invest it. Because 500 bitcoins it is too much amount, but in real life no one get it suddenly except in dream.

Searing

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Clueless!

Well I'd be able to ponder this burning question first hand.....(at least with geeky girls) why would 500 btc make me more attractive?

(yep..its a mystery)

So if I suddenly had 500 btc at least to techy/geeky girls I'd be a lot more attractive (go figure?)

romero121

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I would try to cash out for the requirement periodically, remaining will be saved within the wallet. In such a manner I'll teach my next generation to continue with my same wallet. Also by meeting traders personally banks can be avoided.

ardentvolcanoes

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Quote from: Doms on July 21, 2016, 11:54:26 PM

Quote from: janggernaut on July 21, 2016, 10:47:20 PM

Quote from: Hilat on July 21, 2016, 05:01:30 AM

Then I would spend them all right away because with 500 Bitcoin I can make enough even if the price is not that high.
I do not have the patient to be waiting any longer with that many Bitcoin.

I think thats too much if you spend them all, if i had that amount, i'll spend too, but just around 250 btc, and hold the rest maybe btc price will going up.

There is no such thing as too much spending if you think about it. There are many ways to spend those 500 bitcoins quite easily, although it is not a good idea at all. What I'd do if I am suddenly the lucky owner of that amount, I would put about $300 in cold storage, another $100 into altcoin trading, maybe $20 dollars into gambling and the rest I'd just spend to my heart's desire.

Lmao if ever you or I have BTC500 we will become a instant millionaire because if I would convert it to my local currency which is phil. Peso I would instantly have around 15 million php so it means I have a lot money that I can even buy a condo unit or stay at hotel for a few months or weeks and buy my own house or a car . Imagination and daydreaming are free so theres nothing with it Grin

carlfebz2

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Quote from: janggernaut on July 21, 2016, 10:47:20 PM

Quote from: Hilat on July 21, 2016, 05:01:30 AM

Then I would spend them all right away because with 500 Bitcoin I can make enough even if the price is not that high.
I do not have the patient to be waiting any longer with that many Bitcoin.

I think thats too much if you spend them all, if i had that amount, i'll spend too, but just around 250 btc, and hold the rest maybe btc price will going up.

Yes spending 500BTC would be hard to spend unless if youre buying a house and lot, a nice car, a business then you spend it all but i wouldnt recommend this kind of spending you must think first on spending those coins , you must put at thru your mind that bitcoins price would increase on the future and thats not the only thing you could buy on 500btc if btc price would reach in $2000/btc mark.

Doms

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Quote from: janggernaut on July 21, 2016, 10:47:20 PM

Quote from: Hilat on July 21, 2016, 05:01:30 AM

Then I would spend them all right away because with 500 Bitcoin I can make enough even if the price is not that high.
I do not have the patient to be waiting any longer with that many Bitcoin.

I think thats too much if you spend them all, if i had that amount, i'll spend too, but just around 250 btc, and hold the rest maybe btc price will going up.

There is no such thing as too much spending if you think about it. There are many ways to spend those 500 bitcoins quite easily, although it is not a good idea at all. What I'd do if I am suddenly the lucky owner of that amount, I would put about $300 in cold storage, another $100 into altcoin trading, maybe $20 dollars into gambling and the rest I'd just spend to my heart's desire.

janggernaut

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Quote from: Hilat on July 21, 2016, 05:01:30 AM

Then I would spend them all right away because with 500 Bitcoin I can make enough even if the price is not that high.
I do not have the patient to be waiting any longer with that many Bitcoin.

I think thats too much if you spend them all, if i had that amount, i'll spend too, but just around 250 btc, and hold the rest maybe btc price will going up.

BeGoods

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Quote from: john2231 on July 16, 2016, 05:21:57 PM

Quote from: ajun96 on July 16, 2016, 04:17:50 PM

Quote from: dustboy on July 15, 2016, 07:43:59 AM

500btc is so big amount for me, if I had it suddenly so I will quit my job and create my own business. Although it sounds just like a day dreaming but nothing is impossible in this world as we meet our greatest luck

yeah 500 BTC is equivalent to $ 300k in the way you can a make any business using that much money for it. I would do the conversion to fiat first. yeah you know to save my money. I'm afraid there is something that does not want like the price down. and I will make-bussiness that wil bring me into a millionaire

Yeah right better to start it in business its a huge amount of money you can start multiple business you can make gambling site or make your own affilaite like adnetwork.. or anything that you think that you can make a profit..
Real business is the best if what is trending in your place.. before you can start it..

after looking at the statistics of the various gambling sites I could see that they could make a profit of more than 30 BTC in a few months. it was a huge amount. I do not know the statistics of primedice but see them very often give giveaway that a total of more than 20 btc at bingo prmotion yesterday I think income of PD is very large. might be a good idea to create a gambling site

Hilat

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Then I would spend them all right away because with 500 Bitcoin I can make enough even if the price is not that high.
I do not have the patient to be waiting any longer with that many Bitcoin.

Bitcoinbro

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I would sell some of them right away because much money can be made then but I would not sell them all at once.
Of course I would also hold on to the other so that I can even make more money with them.

Daneric

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If I suddenly received 500btc, I will not be in a hurry to bank the whole of it in one instance. Of course there are bitcoin wallets that can be used to store this amount. I will need several wallets that do not charge a lot of transaction fees and store them there. I will be withdrawing small amounts of 5btc or 10btc in a day, exchange and bank the fiat. In this way, no authority is going to question the amount of money that will be banked. Additionally, I will also consider purchasing of assets that will not raise eyebrows. Within one month, I am sure I will have exhausted the 500btc either by depositing in a bank or by having physical assets.

JeffBrad12

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Quote from: coinsocieties on July 20, 2016, 03:02:49 PM

There s not reason to worry about transferring the Bitcoin to your bank and whether or not they would be asking questions of such. Bitcoin is considered an asset in most countries. Because of this, all you have to do is sell your asset and then transfer the funding to your financial institution. Only reason to worry would be if you are doing something illegal.

Well, that's is will very risky. the bank security is very tight. not just getting some problem with the bank about your money but the local institution will feel suspicious about your amount.

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