What will you do if you own 21 BTC? - page 11.

milewilda

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Quote from: shinratensei_ on September 23, 2016, 06:32:36 PM

Quote from: Tyrantt on September 22, 2016, 10:04:45 PM

Quote from: South Park on September 22, 2016, 09:45:08 PM

Quote from: thejaytiesto on September 22, 2016, 09:50:01 AM

There are two scenarios:

1) You hold the 21 BTC for a long period and retire as a millionaire. This is the safe, but long term (10 to 20 years) target.

2) You start taking high risks on the altcoin market and become an overnight millionaire or lose your ticked to guaranteed riches in those 10-20 years

Thought call.

Scenario 1 is good but doing some simple math gives you 1million/21BTC = 47617.04 dollars per bitcoin, that is an increase of almost 80 times at a bitcoin price of 600 dollars, in my opinion this is too much of an increment, but that is just me

why? bitcoin price is slowly going up, who knows what it's price will be in 10 or 15 years. I'd say thats not so far from his post. I'm expcting bitcoin to be a lot more than about 600$ as it is now. I'm seeing somewhere between 40k-50k per btc in about 15-20 years, maybe a spike in price but still.

Considering a lot of factors and implementing about 40 000 - 50 000 it's too highly target and especially considering the bitcoin situation in this time, okay everything is can happened in the future but we don't forget for putting the realistic reason for that.

True, 40k-50k seems to unrealistic to achieve since as we saw on the price of bitcoin as of now there are so many factors does affect its price it may go down sometimes and rise up sometimes but it doesnt guarantee us that it would suddenly reach that amount anytime soon. Some speculation are too much to consider. Well, we really cant predict on the price of bitcoin since we dont know what would be the things that would happen in near future.

akosipepot

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Quote from: Leonard2016 on September 23, 2016, 09:21:38 PM

Quote from: akosipepot on September 23, 2016, 08:47:39 PM

if i have that amount of bitcoin then i will convert it to fiat so that i can invest it on real business.I don't want to stock up on my wallet and wait for the price to increase. coz we don't know how long to wait if bitcoin will start to spike its prices. so its better to invest in real thing than to invest in virtual thing.

why not use that bitcoin as your capital without converting it.

i would have used it that way. there are a lot of bitcoin businesses that need bitcoin capita for their business such as exchanges and casinos. and there is already a lot of profit to be made in these businesses.

as I say I don't want to invest on virtual things like online investment or other that related online. coz I don't comfortable on it.I prefer on investing on real world.I want to collaborate with other people. thats why if have that 21 btc on my wallet i would probably convert it into a real fiat.

kidoseagle0312

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Quote from: 21BTC on May 27, 2016, 11:23:47 AM

It was my little dream to own 21 BTC and today i achieved it after hard work of so long time.Now i want to make my hard work pay me.I mean,i want that these bitcoins work for me someway and grow.Is there bitcoin bank that pays interest? What will you do with 21 BTC? How will you spend it? How will you grow it? Share anything you want that may help me to decide what should i do.

If I could have that amount of bitcoin which is 21BTC, 10% will goes to tithes,30% percent goes to business investment, 20% goes to trading in exchange and 40% will be the trust fund.

Leonard2016

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Quote from: akosipepot on September 23, 2016, 08:47:39 PM

if i have that amount of bitcoin then i will convert it to fiat so that i can invest it on real business.I don't want to stock up on my wallet and wait for the price to increase. coz we don't know how long to wait if bitcoin will start to spike its prices. so its better to invest in real thing than to invest in virtual thing.

why not use that bitcoin as your capital without converting it.

i would have used it that way. there are a lot of bitcoin businesses that need bitcoin capita for their business such as exchanges and casinos. and there is already a lot of profit to be made in these businesses.

akosipepot

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if i have that amount of bitcoin then i will convert it to fiat so that i can invest it on real business.I don't want to stock up on my wallet and wait for the price to increase. coz we don't know how long to wait if bitcoin will start to spike its prices. so its better to invest in real thing than to invest in virtual thing.

Noctis Connor

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Quote from: John Constantine on September 23, 2016, 04:41:20 PM

If there had been someone willing to give that amount, I would certainly convert part of it into fiat, and even consider start a small business. But I would still hold more than half of the coins.

It was the questioning people and getting more information in OP but you are right there if someone willingly gave us that big ammount of bitcoin probably i will convert it all and trade into another crypto currency to earn more or just maybe invest it in some casinos

BeGoods

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Quote from: eddyubachs on September 23, 2016, 04:50:40 PM

Quote from: John Constantine on September 23, 2016, 04:41:20 PM

If there had been someone willing to give that amount, I would certainly convert part of it into fiat, and even consider start a small business. But I would still hold more than half of the coins.

Yup that's the right way to use them, don't sell all of them and don't hold all of them, and its always good to invest some of them in trading to get better results in future.

I think in the future bitcoin will have higher prices saw the bitcoin is growing of course it is a positive signal, so I think if you have a lot of bitcoin done carefully, consider before selling, I'm sure if you could continue to hold you will get a greater profit, because the price will skyrocket in the future

shinratensei_

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Leading Crypto Sports Betting & Casino Platform

Quote from: Tyrantt on September 22, 2016, 10:04:45 PM

Quote from: South Park on September 22, 2016, 09:45:08 PM

Quote from: thejaytiesto on September 22, 2016, 09:50:01 AM

There are two scenarios:

1) You hold the 21 BTC for a long period and retire as a millionaire. This is the safe, but long term (10 to 20 years) target.

2) You start taking high risks on the altcoin market and become an overnight millionaire or lose your ticked to guaranteed riches in those 10-20 years

Thought call.

Scenario 1 is good but doing some simple math gives you 1million/21BTC = 47617.04 dollars per bitcoin, that is an increase of almost 80 times at a bitcoin price of 600 dollars, in my opinion this is too much of an increment, but that is just me

why? bitcoin price is slowly going up, who knows what it's price will be in 10 or 15 years. I'd say thats not so far from his post. I'm expcting bitcoin to be a lot more than about 600$ as it is now. I'm seeing somewhere between 40k-50k per btc in about 15-20 years, maybe a spike in price but still.

Considering a lot of factors and implementing about 40 000 - 50 000 it's too highly target and especially considering the bitcoin situation in this time, okay everything is can happened in the future but we don't forget for putting the realistic reason for that.

SquallLeonhart

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Quote from: MTBTT on September 23, 2016, 05:06:36 PM

Quote from: John Constantine on September 23, 2016, 04:41:20 PM

If there had been someone willing to give that amount, I would certainly convert part of it into fiat, and even consider start a small business. But I would still hold more than half of the coins.

yeah of course I will secure it to fiat probably half of the 21 BTC. then I will use the other half for grow again. certainly there is no risk in it because it was just a gift

Even if its a gift still we need to value it, as if you will respect money then money will respect you, so best thing is to sell some of them to fiat and invest that money in real life products.

MTBTT

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Quote from: John Constantine on September 23, 2016, 04:41:20 PM

If there had been someone willing to give that amount, I would certainly convert part of it into fiat, and even consider start a small business. But I would still hold more than half of the coins.

yeah of course I will secure it to fiat probably half of the 21 BTC. then I will use the other half for grow again. certainly there is no risk in it because it was just a gift

eddyubachs

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Quote from: John Constantine on September 23, 2016, 04:41:20 PM

If there had been someone willing to give that amount, I would certainly convert part of it into fiat, and even consider start a small business. But I would still hold more than half of the coins.

Yup that's the right way to use them, don't sell all of them and don't hold all of them, and its always good to invest some of them in trading to get better results in future.

John Constantine

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If there had been someone willing to give that amount, I would certainly convert part of it into fiat, and even consider start a small business. But I would still hold more than half of the coins.

madwica

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Quote from: Tyrantt on September 22, 2016, 10:04:45 PM

Quote from: South Park on September 22, 2016, 09:45:08 PM

Quote from: thejaytiesto on September 22, 2016, 09:50:01 AM

There are two scenarios:

1) You hold the 21 BTC for a long period and retire as a millionaire. This is the safe, but long term (10 to 20 years) target.

2) You start taking high risks on the altcoin market and become an overnight millionaire or lose your ticked to guaranteed riches in those 10-20 years

Thought call.

Scenario 1 is good but doing some simple math gives you 1million/21BTC = 47617.04 dollars per bitcoin, that is an increase of almost 80 times at a bitcoin price of 600 dollars, in my opinion this is too much of an increment, but that is just me

why? bitcoin price is slowly going up, who knows what it's price will be in 10 or 15 years. I'd say thats not so far from his post. I'm expcting bitcoin to be a lot more than about 600$ as it is now. I'm seeing somewhere between 40k-50k per btc in about 15-20 years, maybe a spike in price but still.

No one will know what is the price of bitcoin next year even 10 - 15 years from now but one thing i sure that bitcoin will exist for a long time like fiat, the price of bitcoin goes up and down right now and this is the good times to invest and to earn money in trading method.

Tyrantt

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Need some spare btc for a new PC

Quote from: South Park on September 22, 2016, 09:45:08 PM

Quote from: thejaytiesto on September 22, 2016, 09:50:01 AM

There are two scenarios:

1) You hold the 21 BTC for a long period and retire as a millionaire. This is the safe, but long term (10 to 20 years) target.

2) You start taking high risks on the altcoin market and become an overnight millionaire or lose your ticked to guaranteed riches in those 10-20 years

Thought call.

Scenario 1 is good but doing some simple math gives you 1million/21BTC = 47617.04 dollars per bitcoin, that is an increase of almost 80 times at a bitcoin price of 600 dollars, in my opinion this is too much of an increment, but that is just me

why? bitcoin price is slowly going up, who knows what it's price will be in 10 or 15 years. I'd say thats not so far from his post. I'm expcting bitcoin to be a lot more than about 600$ as it is now. I'm seeing somewhere between 40k-50k per btc in about 15-20 years, maybe a spike in price but still.

RoommateAgreement

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Bazinga!

Quote from: South Park on September 22, 2016, 09:45:08 PM

Quote from: thejaytiesto on September 22, 2016, 09:50:01 AM

There are two scenarios:

1) You hold the 21 BTC for a long period and retire as a millionaire. This is the safe, but long term (10 to 20 years) target.

2) You start taking high risks on the altcoin market and become an overnight millionaire or lose your ticked to guaranteed riches in those 10-20 years

Thought call.

Scenario 1 is good but doing some simple math gives you 1million/21BTC = 47617.04 dollars per bitcoin, that is an increase of almost 80 times at a bitcoin price of 600 dollars, in my opinion this is too much of an increment, but that is just me

there is also ascenario 3 which is what i am doing and that is holding some and then investing some of the rest.

and i am taking small to medeum risks and nothing too high. being in the middle of it all is always better than taking higher risks to lose it all. so i make small profits but i am making something.

South Park

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I am terrible at Fantasy Football!!!

Quote from: thejaytiesto on September 22, 2016, 09:50:01 AM

There are two scenarios:

1) You hold the 21 BTC for a long period and retire as a millionaire. This is the safe, but long term (10 to 20 years) target.

2) You start taking high risks on the altcoin market and become an overnight millionaire or lose your ticked to guaranteed riches in those 10-20 years

Thought call.

Scenario 1 is good but doing some simple math gives you 1million/21BTC = 47617.04 dollars per bitcoin, that is an increase of almost 80 times at a bitcoin price of 600 dollars, in my opinion this is too much of an increment, but that is just me

StarofBTC

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Quote from: thejaytiesto on September 22, 2016, 09:50:01 AM

There are two scenarios:

1) You hold the 21 BTC for a long period and retire as a millionaire. This is the safe, but long term (10 to 20 years) target.

2) You start taking high risks on the altcoin market and become an overnight millionaire or lose your ticked to guaranteed riches in those 10-20 years

Thought call.

I will prefer to go with your first scenario as I do not have any experience with alt coin trading. But I heard some people are making huge profits from new altcoins and also some people are losing worst than gambling. Instead of taking risk, I always prefer to go in a safer way.

thejaytiesto

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There are two scenarios:

1) You hold the 21 BTC for a long period and retire as a millionaire. This is the safe, but long term (10 to 20 years) target.

2) You start taking high risks on the altcoin market and become an overnight millionaire or lose your ticked to guaranteed riches in those 10-20 years

Thought call.

torrentheaven

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Quote from: dunfida on September 22, 2016, 07:00:41 AM

Quote from: peta4e on September 22, 2016, 03:36:35 AM

Quote from: Carmen_Sandiego on September 22, 2016, 03:32:42 AM

Well, If i had that much btcs I would surely use most of them in trading, as that's the only way I find at the time to make good profits, on a daily basis, of course.

Majority of users will prefer to invest in trading if they are holding that high amount as with altcoin trading you can surely make good profits on daily basis if you perform action at a right time.

For sure most of us would do trading since its the best way and a profitable one but some may invest into casino sites and other investments because trading is not an easy thing to do and we all know that. 21 btc is enough already to make such investments which could able you give profits in the future.

Investing in trusted casino sites can be a good option to earn regular profits but the only issue is that you don't know how long those sites will survive, so when it comes to investment, risks will always be a part of it.

dunfida

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Quote from: peta4e on September 22, 2016, 03:36:35 AM

Quote from: Carmen_Sandiego on September 22, 2016, 03:32:42 AM

Well, If i had that much btcs I would surely use most of them in trading, as that's the only way I find at the time to make good profits, on a daily basis, of course.

Majority of users will prefer to invest in trading if they are holding that high amount as with altcoin trading you can surely make good profits on daily basis if you perform action at a right time.

For sure most of us would do trading since its the best way and a profitable one but some may invest into casino sites and other investments because trading is not an easy thing to do and we all know that. 21 btc is enough already to make such investments which could able you give profits in the future.

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