If You Won A Million Dollars.. How Much Bitcoin Would You Buy? - page 15.

Denker

legendary

Activity: 1442

Merit: 1016

Let's say I buy a small property worth half a million with it.
Then I would have left $500k.
25% of that I would invest in Bitcoin.$125k would allow me to buy 290 BTC. That's a nice amount.
Another 25% I would invest in gold and silver I think.
Then I would have left $250k to spend. Enough for a solid middle class car, some furniture, clothes a nice kitchen and a high class computer rig.Maybe then another $50-$75k would be left. I still go to work and would keep this fiat deposited in a vault in my new house somewhere and spend it over the years or buy a few stocks with it.
Yes I think this is what I would do with a lottery win.

Or I buy a cosy cocktail bar on a carribean island, buy Bitcoin for 500k and enjoy the daily life. Cheesy

thejaytiesto

legendary

Activity: 1358

Merit: 1014

Quote from: franky1 on December 12, 2015, 11:13:57 AM

$150 mortgage with 10years=15k a year
even at 2% interest 750k left in a bank account will pay off the mortgage without touching my nestegg.

so that leaves me with $250k to play with... and yes id buy $250k worth of bitcoins

At this point I have more trust in Bitcoin that in USD, so I wouldn't count on long term plans USD related, I would buy a big quantiy of Bitcoin guaranteeing I can retire in 5 years then use the rest or the money for whatever hoping that the USD is still relevant.

--Encrypted--

copper member

Activity: 924

Merit: 1007

hee-ho.

I'll probably spend half of it on miners. a quarter on btc and the rest on my needs and emergency savings under my bed.

bones261

legendary

Activity: 1806

Merit: 1828

I would probably get about 150BTC and use most of it to buy hash on Hashnest. I really don't want to try to run a farm of 20 S7 miners myself.

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Hmm. If a million dollars landed in my lap I'd probably have a rather different attitude towards it than money I earned. I'd buy 1000 coins with it probably. That would still leave plenty to play with and 1000 coins would lop a couple of decades off waiting for life changing gains.

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

F bitcoins, I got a million dollars! Grin

Literaryagents

newbie

Activity: 14

Merit: 0

I don't 'invest' at this point into BTC since it is too volitile.

Yet with a free 1 Million to 'invest' I would invest it into stuff that could be used to acquire bitcoin.

Maybe set up a large network of servers and devote some of the power to 'mining' it as long as the NOC had Free Energy such as a windmill or solar base energy source.

I would invest into some keyword assets in Domain Names.

I would start development projects where BTC was part of the accepted payment method.

But to sink $400+ or so into 'coins' that could drop or rise in value is more of a crap shoot at this point than an 'investing' option.

Even Gates stated recently the best 'investment' is still domain names in .com.

So development of 'tech' related ideas with a decent network that might do some mining and then see what services or products you can 'sell' where your clients throw you some BTC is probably how I would waste a Free Million. But 1 Million is not much really as seed money today.

3 years ago the charts on BTC looked okay, 2 yeas ago they showed great promise the past 18 months it shows nothing but negative valuations.

Tech is here to stay but BTC the future is not crystal clear.

WENGER

sr. member

Activity: 274

Merit: 250

Negative rating was requested by me (SFR10)

I'll use half of it to buy Bitcoin (500k) the rest save it for paying the mortgage with the needed remaining funds coming from my real day job work ... I rather invest as half on Bitcoin and see it increase value in the future and give me more profit than to use exactly what's needed just for the soul purpose of paying the debt.

franky1

legendary

Activity: 4410

Merit: 4766

$150 mortgage with 10years=15k a year
even at 2% interest 750k left in a bank account will pay off the mortgage without touching my nestegg.

so that leaves me with $250k to play with... and yes id buy $250k worth of bitcoins

Slark

legendary

Activity: 1862

Merit: 1004

Quote from: ACAB on December 12, 2015, 09:11:29 AM

I'll probably buy 100.000$ worth of Bitcoin. I use %50 for my personal needs, invest in real estate the other %40 part.
1 million dollar is not too much btw.

If you own million dollar worth of BTC it starting to become more significant. Imagine you bought 1 million worth BTC in January of 2015, I remember that bitcoin was worth something around $200 then.
We have December and now BTC is worth more than twice of that. From your 1 million you could have 2 millions without really doing anything, still think it is not much?

MRKLYE

legendary

Activity: 1358

Merit: 1003

Designer - Developer

If I won a million dollars I would buy probably 1/4 Million worth of BTC just to speculate on and ride the markets with.
So many times I've called the market correctly but been able to capitalize off of it due to lack of BTC or Fiat held.

No way I would put all of it in.. BTC is far to volatile.. I would however risk 1/4 of it and hopefully make some profits.
Be interesting to watch this thread and see the responses. I'm the least risk adverse person I know so I'm sure others would do less.

AtheistAKASaneBrain

hero member

Activity: 770

Merit: 509

I would go 50% on Bitcoin. Anyone that is here for long term knows that 3 figure Bitcoin will not last for too long, therefore it would be the last time in history to try to get a solid position, if you wait any longer it would be impossible to become a real whale. I could be able to live off the 500K in dollars while I HODL the BTC and invest in BTC related stuff to help it grow.

OROBTC

legendary

Activity: 2940

Merit: 1865

...

- Pay my taxes on that $1,000,000 income: estimate: $390,000 Sad

- Pay off debts and future liability: $100,000

- Buy 300 BTC: call it $125,000. Then see if I could convince bitmixer.io to let me invest 200 BTC with them... HODL the rest.

I could find a way to spend & invest the balance $375,000...

onemorexmr

sr. member

Activity: 252

Merit: 251

Quote from: icaruz on December 12, 2015, 09:55:42 AM

Quote from: bitbay.com on December 12, 2015, 05:39:18 AM

Lets say you won the lottery..

You've just received a million dollars and are ready to do something with your new found money.

You have no CC debt to pay off and have an average mortgage for a working class citizen - maybe you have around $150,000 left to pay off for your house.

You're free to spend as you wish. And invest if you wish.

Would you buy a heap load of bitcoin to sit on?

If so.. how much?

why would i buy btc after winning 1million dollars..?
you have 1 million dollars you dont nid btc anymore just invest your money for the future of your family.

hence btc ;-)

icaruz

member

Activity: 112

Merit: 10

★YoBit.Net★ 350+ Coins Exchange & Dice

Quote from: bitbay.com on December 12, 2015, 05:39:18 AM

Lets say you won the lottery..

You've just received a million dollars and are ready to do something with your new found money.

You have no CC debt to pay off and have an average mortgage for a working class citizen - maybe you have around $150,000 left to pay off for your house.

You're free to spend as you wish. And invest if you wish.

Would you buy a heap load of bitcoin to sit on?

If so.. how much?

why would i buy btc after winning 1million dollars..?
you have 1 million dollars you dont nid btc anymore just invest your money for the future of your family.

onemorexmr

sr. member

Activity: 252

Merit: 251

i'd buy a small house and the rest would go into bitcoin ;-)
so maybe around 750.000$ in btc

edit: ofc some moneros too ;-)

steveds

legendary

Activity: 966

Merit: 1000

A million is quite big amount and if i ever won then i would invest all of it (iff there is a market present for such amounts) so that the price increases to some extent and then cashout 40% of it slow and steady without crashing the market again.But this is condition to bitcoin price is above 500 or else i wont consider investing in coins.

n691309

legendary

Activity: 1526

Merit: 1001

Maybe someone will say that will not invest in bitcoin, but i love bitcoin and would try investing a small percentage to bitcoin and maybe open a small business that will operate in bitcoin and help others that are unable to buy some products with bitcoin.

calkob

hero member

Activity: 1106

Merit: 521

i would prob stick about £30,000 into bitcoin and just sit on it. A nice house and just living of the rest.

Luqman

sr. member

Activity: 826

Merit: 263

Absolutely I'll buy with all of those money and then I just sits on and see my investment going bigger everyday Grin

Topic: If You Won A Million Dollars.. How Much Bitcoin Would You Buy? - page 15. (Read 11334 times)