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Topic: If you had suddenly 500 BTC - page 4. (Read 6398 times)

sr. member
Activity: 356
Merit: 250
July 14, 2016, 10:22:36 PM
I'd find the nearest online roulette and put the lot on black.
sr. member
Activity: 644
Merit: 264
Aurox
July 14, 2016, 10:16:46 PM
If 500 BTC will suddenly come to my account I would prefer to to buy a car so I can go to places where I want to visit here in the Philippines. Because having  a car will enable me to visit places and tourist spots with ease and no hustle. The remaining balance on my account will be allocated for an investment, preferably an online business.
newbie
Activity: 1
Merit: 0
July 14, 2016, 10:05:33 PM
How would you transfer the btc to your bank account without making the Banks / OECD /  ask questions?

And even if you get cash from localbitcoins someday the efforoties may ask you from where this car or how you bought this house..
What would you do ?
sr. member
Activity: 434
Merit: 250
July 14, 2016, 09:59:55 PM
How would you transfer the btc to your bank account without making the Banks / OECD /  ask questions?

And even if you get cash from localbitcoins someday the efforoties may ask you from where this car or how you bought this house..
What would you do ?

I will turn all my bitcoins into fiat with many exchanger in my country. Because if i'm do it only with 1 exchanger, they will ask something and i'm not like it.
legendary
Activity: 1049
Merit: 1009
TRX: TCRKDukYt2zDie9vJDhToKrP3tyTV29U48
July 14, 2016, 09:57:31 PM
500 bitcoin suddenly when I have, I will give a half of my bitcoins to my mother and other poor peoples in around my home. and a half again I will make capital for to be entrepreneur  Grin
I am serious LOL

That is great intention, for me if i have 500 btc this is a huge amount of money at first i will give 20% to our church then 30% i will give it to my parents and the rest of 50% i will threat my self i will spend what i want of course the start a business is included in the 50%.

I can spend my bitcoins for all, and be an entrepreneur is can growth my bitcoins again with more much Smiley
legendary
Activity: 2282
Merit: 1041
July 14, 2016, 09:28:25 PM
I would disappear right off of the face of the earth. You will be able to find me on some tropical island where weed is legal. But seriously, i would probably convert half of it to fiat, and hold the rest hyper long term hoping for it to surge (just imagine the price a few halvings s from now). Would maybe look at investing in a btc denominated asset if that ever becomes a thing again.

I would love to be with you on that island too puffing some dopes. Caribbean perhaps?
Will try to buy a beach front properties if i have that amount and from there i will set up a wharf where i could just do fishing, plant veges and everything to sustain. Will travel using my boat everyday too living a dream.
legendary
Activity: 1148
Merit: 1048
July 14, 2016, 09:10:41 PM
I would disappear right off of the face of the earth. You will be able to find me on some tropical island where weed is legal. But seriously, i would probably convert half of it to fiat, and hold the rest hyper long term hoping for it to surge (just imagine the price a few halvings s from now). Would maybe look at investing in a btc denominated asset if that ever becomes a thing again.
X7
legendary
Activity: 1162
Merit: 1009
Let he who is without sin cast the first stone
July 14, 2016, 08:54:22 PM
How would you transfer the btc to your bank account without making the Banks / OECD /  ask questions?

And even if you get cash from localbitcoins someday the efforoties may ask you from where this car or how you bought this house..
What would you do ?

Nice try Department of Justice Smiley

Just pay your taxes and stop trying to skimp, its how you get arrested.
hero member
Activity: 714
Merit: 531
July 14, 2016, 08:48:02 PM
500 bitcoin suddenly when I have, I will give a half of my bitcoins to my mother and other poor peoples in around my home. and a half again I will make capital for to be entrepreneur  Grin
I am serious LOL

That is great intention, for me if i have 500 btc this is a huge amount of money at first i will give 20% to our church then 30% i will give it to my parents and the rest of 50% i will threat my self i will spend what i want of course the start a business is included in the 50%.
legendary
Activity: 1049
Merit: 1009
TRX: TCRKDukYt2zDie9vJDhToKrP3tyTV29U48
July 14, 2016, 08:06:48 PM
500 bitcoin suddenly when I have, I will give a half of my bitcoins to my mother and other poor peoples in around my home. and a half again I will make capital for to be entrepreneur  Grin
I am serious LOL
sr. member
Activity: 412
Merit: 250
July 14, 2016, 07:40:54 PM
If I suddenly had 500 bitcoins I would use 90% of them to invest. The other 10% of them I would sell them and with the money I would have some real nice vacations
legendary
Activity: 2814
Merit: 1112
Leading Crypto Sports Betting & Casino Platform
July 14, 2016, 07:20:30 PM
For that amount I do not think I'll send to my bank account, because it could be a question of the government because I work in the government and I may even accused of graft. I prefer to use that amount to an investment BTC Smiley hehe
member
Activity: 98
Merit: 10
July 14, 2016, 06:13:56 PM
With that amount i would keep atleast 200BTC and spend the rest on finishing the house buying a car and maybe open a small project like a bakery a coffeshop or something like that
hero member
Activity: 756
Merit: 501
July 14, 2016, 06:10:53 PM
Wow! that is a good amount,

I I get that amount and have to get withdraw that amount with an exchange to my bank account then I will provide the exact information to my bank from where I get that amount, because I will not get any amount of money illegal. so I will not need to hide the source of my income.
This is pretty much the same thread as those what if I give you X bitcoins or something.
However, my response depends on what my mood is, and what I'll do to those coins depends on what my mood is when I received them. Most probably however, I'd just save them for now since there's quite an expected rise in value.

Yeah saving for future is good but we should sell some of them when price is high, as its a free money so we should sell it and enjoy life in best possible way.
It will be really surprising to me. I will like to buy a beautiful car a house and will like to start a side business. but still I will continue earning bitcoin from signature campaign.

That is good but the OP is asking that how will you withdraw that amount to your bank and what will be your source of income for that amount to your government? You can buy these things only if you withdraw that amount to your bank account or in fiat.
The best way to withdraw such ammount or small ammounts would open a business company of services online, like a network companie working with paypal and bitcoin, soo you could cover your traces doing such.
sr. member
Activity: 378
Merit: 251
July 14, 2016, 05:33:25 PM
500 bitcoins with $660 price would be very good now, on $330000 i can't easily buy a car and maybe even house, but anyway it's just a dreams.
sr. member
Activity: 476
Merit: 250
July 14, 2016, 05:31:36 PM
Wow! that is a good amount,

I I get that amount and have to get withdraw that amount with an exchange to my bank account then I will provide the exact information to my bank from where I get that amount, because I will not get any amount of money illegal. so I will not need to hide the source of my income.
This is pretty much the same thread as those what if I give you X bitcoins or something.
However, my response depends on what my mood is, and what I'll do to those coins depends on what my mood is when I received them. Most probably however, I'd just save them for now since there's quite an expected rise in value.

Yeah saving for future is good but we should sell some of them when price is high, as its a free money so we should sell it and enjoy life in best possible way.
It will be really surprising to me. I will like to buy a beautiful car a house and will like to start a side business. but still I will continue earning bitcoin from signature campaign.

Yeah even if we hold that high amount in our wallet we should not stop working, we need to continue with earning bitcoins for safety of future.
of course if you want to be rich you have to keep working. You think a billionaire like billgates why he did not stop working?
he always worked and I think you should follow his
legendary
Activity: 1680
Merit: 1010
Professional Native Greek Translator (2000+ done)
July 14, 2016, 05:13:52 PM
How would you transfer the btc to your bank account without making the Banks / OECD /  ask questions?

And even if you get cash from localbitcoins someday the efforoties may ask you from where this car or how you bought this house..
What would you do ?

I would gradually spend it otc end convert to use it or use it directly. thats a great plan
full member
Activity: 194
Merit: 100
July 14, 2016, 05:10:45 PM
ill hold most of them...and sell some for buying a house !!!
hero member
Activity: 924
Merit: 500
July 14, 2016, 04:33:18 PM
Wow! that is a good amount,

I I get that amount and have to get withdraw that amount with an exchange to my bank account then I will provide the exact information to my bank from where I get that amount, because I will not get any amount of money illegal. so I will not need to hide the source of my income.
This is pretty much the same thread as those what if I give you X bitcoins or something.
However, my response depends on what my mood is, and what I'll do to those coins depends on what my mood is when I received them. Most probably however, I'd just save them for now since there's quite an expected rise in value.

Yeah saving for future is good but we should sell some of them when price is high, as its a free money so we should sell it and enjoy life in best possible way.
It will be really surprising to me. I will like to buy a beautiful car a house and will like to start a side business. but still I will continue earning bitcoin from signature campaign.

That is good but the OP is asking that how will you withdraw that amount to your bank and what will be your source of income for that amount to your government? You can buy these things only if you withdraw that amount to your bank account or in fiat.

Yeah, even we have that kind of large money. We should not stop working. It is huge true but it can be lost also . Now, when it comes to transferring in a bank account. I suggest you should not just transfer it to one bank. Maybe create about 10 accounts then transfer 50 BTC each. I think that's unquestionable right ?

And some you can invest to a trading site so your money will not continue to decrease as time passed but go to the opposite way.
hero member
Activity: 907
Merit: 500
July 14, 2016, 04:28:48 PM
Wow! that is a good amount,

I I get that amount and have to get withdraw that amount with an exchange to my bank account then I will provide the exact information to my bank from where I get that amount, because I will not get any amount of money illegal. so I will not need to hide the source of my income.
This is pretty much the same thread as those what if I give you X bitcoins or something.
However, my response depends on what my mood is, and what I'll do to those coins depends on what my mood is when I received them. Most probably however, I'd just save them for now since there's quite an expected rise in value.

Yeah saving for future is good but we should sell some of them when price is high, as its a free money so we should sell it and enjoy life in best possible way.
It will be really surprising to me. I will like to buy a beautiful car a house and will like to start a side business. but still I will continue earning bitcoin from signature campaign.

That is good but the OP is asking that how will you withdraw that amount to your bank and what will be your source of income for that amount to your government? You can buy these things only if you withdraw that amount to your bank account or in fiat.
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