Topic: Where do you invest 60 BTC? - page 10. (Read 1700 times)
60 bitcoin is a lot of money for me it's something that might not happen so I won't dream of going in any direction mate but if its true then I can do any business to retire ,new rich people mate
What you are suggesting and saying is the safest thing to do and in this way my bitcoins won't increase and only risk is bitcoin loosing value over time. I am up for little risk because Warren Buffet says - "If you don't find a way to make money while you sleep, you will work until you die". I think he is talking about passive income here and that's what i want to achieve in the long hall.
If there was a viable and safe option for passive income/increaases in cryptoland everyone would be doing it. It would be swamped instantly. The fact that it's effectively not possible is what all the scammers and assholes prey on.
In my experience people don't want advice, they just want the choice they've already settled on to be affirmed by others. I can only offer my own observations and experiences of several obsessive years observing it all and they're listed in that post. If you have that much you must've been around for a decent time too and seen the endless parade of disaster.
If you want to experiment then do so. Don't do it with anything more than you're happy to see go up in smoke.
60 BTC? Thats already the investment. Do you think you can find a better investment? 
The above. At least some of the time Bitcoin itself is doing exactly what you're looking for, it's making you money while you do nothing. You don't have to trust anyone else. You don't have to put much work in. You don't have to wait and hope that something emerges from obscurity or comes back from the dead.
What you are suggesting and saying is the safest thing to do and in this way my bitcoins won't increase and only risk is bitcoin loosing value over time. I am up for little risk because Warren Buffet says - "If you don't find a way to make money while you sleep, you will work until you die". I think he is talking about passive income here and that's what i want to achieve in the long hall.
there are projects offering passive income like investing to a casino project like BETHASH. bear in mind that this isn't for the conservative investor.
what you could do is learn the signing message in wallets and lend you BTC for collateral. you earn by interest here from the forum members. you will have to choose which users to lend though, maybe those who had proven records and reputable. this is one way to grow your BTC.
60 BTC? Thats already the investment. Do you think you can find a better investment?
What do you think about DASH staking? is DASH also a shitcoin? I heard DASH masternode staking gives good returns. I can invest in that and it requires 1000 DASH to begin with. Is it a good investment or do you think it's better to just HODL bitcoin which will give better returns overall?
No one should ever buy an alt for the staking. It's an OK bonus if you already own the alt, but even then I have a stakable alt and the returns are so low I can't even be bothered to set it up. Under no circumstances is it worth buying in just for that.
Everything everyone is suggesting comes with an unacceptable level of risk, or are plain fucking stupid.
You've gotten this far and have wound up with an amount of BTC most dream of. Don't blow it now.
This forum is littered with the dead bodies of people who thought they were geniuses by going balls deep into the most ridiculous propositions. Almost all crypto businesses fail. Almost all alts will die. Almost all traders fail. Almost all gamblers set all their money on fire. Almost all lending out finishes up with the money being stolen.
If you really want to experiment with different ideas then don't risk anything more than a very small percentage. Never let go of the vast percentage of your BTC.
What you are suggesting and saying is the safest thing to do and in this way my bitcoins won't increase and only risk is bitcoin loosing value over time. I am up for little risk because Warren Buffet says - "If you don't find a way to make money while you sleep, you will work until you die". I think he is talking about passive income here and that's what i want to achieve in the long hall.
If I'm holding something like 60 BTC, I would divide it and invest it on something like gambling casino roll or I might trade it If you have something like 60 BTC you could be powerful enough to win trade wars. There are many choices to invest in.
I suggest that you should follow your own forte, Like building an I.T company since you are a programmer/web developer.
I suggest that you should follow your own forte, Like building an I.T company since you are a programmer/web developer.
That's a hell of a lot of money. If that was my *only* savings, I would cash some of it out and put it into some kind of savings account. Not much, but cash is useful.
Next, I would keep about 75% of it in bitcoin, because I am convinced that bitcoin is the best investment as far as crypto goes. I might convert about 5% of what's left into some good altcoins, maybe distribute the remainder evenly among some of the largest cap coins on coinmarketcap. That would probably mean Eth, dash, and one or two others at most.
Unfortunately the reality is that this is just a mental exercise for me. I don't have anywhere close to 60BTC and I don't anticipate ever having to make that decision. One can dream, tho.
Next, I would keep about 75% of it in bitcoin, because I am convinced that bitcoin is the best investment as far as crypto goes. I might convert about 5% of what's left into some good altcoins, maybe distribute the remainder evenly among some of the largest cap coins on coinmarketcap. That would probably mean Eth, dash, and one or two others at most.
Unfortunately the reality is that this is just a mental exercise for me. I don't have anywhere close to 60BTC and I don't anticipate ever having to make that decision. One can dream, tho.
Suppose you earned 60BTC by working hard for 5 years and one day you decide now you don't want to work then what would you do with that amount?
How would you invest that amount? What will you do? Hold it dreaming the price will rise? Sell it and invest the fiat? or start a business? or retire? Any ideas?
How would you invest that amount? What will you do? Hold it dreaming the price will rise? Sell it and invest the fiat? or start a business? or retire? Any ideas?
I will have to divide it. A portion will certainly remain in my wallet. A little portion would go for my house and car, about 6 BTC in total. A few more BTC will be converted into fiat for starting a little business. And perhaps a few more for investment in real estate most probably. And perhaps that is all. If I have a business, that will surely be open for Bitcoin payments so my Bitcoin will still be refilled in one way or another. The rest I will be spending for my daily needs. How I wish this is all true!
if I just want to open a business in the real world, such as a culinary business where payments are made using cryptocurrency, yes for the permit it is very difficult but can use paper money, then buy shares, and distribute some to my children or grandchildren if one day I die.
What do you think about DASH staking? is DASH also a shitcoin? I heard DASH masternode staking gives good returns. I can invest in that and it requires 1000 DASH to begin with. Is it a good investment or do you think it's better to just HODL bitcoin which will give better returns overall?
No one should ever buy an alt for the staking. It's an OK bonus if you already own the alt, but even then I have a stakable alt and the returns are so low I can't even be bothered to set it up. Under no circumstances is it worth buying in just for that.
Everything everyone is suggesting comes with an unacceptable level of risk, or are plain fucking stupid.
You've gotten this far and have wound up with an amount of BTC most dream of. Don't blow it now.
This forum is littered with the dead bodies of people who thought they were geniuses by going balls deep into the most ridiculous propositions. Almost all crypto businesses fail. Almost all alts will die. Almost all traders fail. Almost all gamblers set all their money on fire. Almost all lending out finishes up with the money being stolen.
If you really want to experiment with different ideas then don't risk anything more than a very small percentage. Never let go of the vast percentage of your BTC.
I would not invest all this amount in any one project or coin, because it will be risky. The amount is rather big and in your place I would consider buying shares of some large companies, there you will probably receive good dividends after a certain time.
I will staking if have 6 btc in my wallet, staking have the same meaning with holding but you can increase your bitcoin waiting when bitcoin price is up, but with staking you can get many bitcoin depend which one exchange do you choose for your staking coin. You can withdraw or sell your bitcoin after staking success and bitcoin have higher price after several time staking success.
What the hell does this mean?
If you mean 'investing' it in alts for staking then that's complete and utter suicide. In return for an infinitesimal percentage of returns from a worthless alt your worthless alt will also lose 80-100% of the BTC you put into it.
Almost no one here should be listened to. It's like a hive mind of mindlessness.
What do you think about DASH staking? is DASH also a shitcoin? I heard DASH masternode staking gives good returns. I can invest in that and it requires 1000 DASH to begin with. Is it a good investment or do you think it's better to just HODL bitcoin which will give better returns overall?
I am disappointed since i did not cash out my bitcoin in December 2017 when it was up 20000$. It becomes really hard for me to sell when bitcoin price keeps going up
Put up a loan service and lend it to the people. Ask very, very reasonable interest in exchange. Considering that I have more than half a million dollars (even with today's standards) that should be pretty okay thing for me to do. It doesn't even have to be all of it. Leave 30 BTC for HODLing or other activities that you may want to partake in and just keep reinvesting the remaining 30 with loans and such. While HODLing is a good way of earning money in the longterm, the coin can work to increase itself too.
Well since you are not interested in trading, its best to just hold your coins with you and wait til you finally need the money badly and spend it like for your health. Don't force yourself into learning to trade when you are not really into it. Most of those who tried and without interest are just losing instead. Remember that you are lucky enough to have gotten 60BTC while the rest doesn't even have 1BTC at all. For many of us 60BTC is a fortune.
Staking ETH would be best I guess. This will happen next year.
Staking ETH would be best I guess. This will happen next year.
I will staking if have 6 btc in my wallet, staking have the same meaning with holding but you can increase your bitcoin waiting when bitcoin price is up, but with staking you can get many bitcoin depend which one exchange do you choose for your staking coin. You can withdraw or sell your bitcoin after staking success and bitcoin have higher price after several time staking success.
What the hell does this mean?
If you mean 'investing' it in alts for staking then that's complete and utter suicide. In return for an infinitesimal percentage of returns from a worthless alt your worthless alt will also lose 80-100% of the BTC you put into it.
Almost no one here should be listened to. It's like a hive mind of mindlessness.
Suppose you earned 60BTC by working hard for 5 years and one day you decide now you don't want to work then what would you do with that amount?
How would you invest that amount? What will you do? Hold it dreaming the price will rise? Sell it and invest the fiat? or start a business? or retire? Any ideas?
If you were able to earn half a million dollars in the past five years it is not a bad job you are doing continue that work for the next five years and wait for the price of bitcoin to rally once again and access the situation and trade accordingly, it all depends upon your comfort on what to invest with the money you have but you can wait a couple of years and see how the market will be at that stage and keep on working till that time rather than looking for an early retirement. How would you invest that amount? What will you do? Hold it dreaming the price will rise? Sell it and invest the fiat? or start a business? or retire? Any ideas?
Suppose you earned 60BTC by working hard for 5 years and one day you decide now you don't want to work then what would you do with that amount?
How would you invest that amount? What will you do? Hold it dreaming the price will rise? Sell it and invest the fiat? or start a business? or retire? Any ideas?
I will staking if have 6 btc in my wallet, staking have the same meaning with holding but you can increase your bitcoin waiting when bitcoin price is up, but with staking you can get many bitcoin depend which one exchange do you choose for your staking coin. You can withdraw or sell your bitcoin after staking success and bitcoin have higher price after several time staking success. How would you invest that amount? What will you do? Hold it dreaming the price will rise? Sell it and invest the fiat? or start a business? or retire? Any ideas?
Wow, 60 bitcoins are a very huge amount of money not many people here know where to invest such amount of money including myself. I think it is better to HODL your bitcoins rather than selling and buying some shitcoin. Bitcoin value will grow bigger in the future so why sell now? I'm afraid HODLing is the best answer 
I would invest 60% in real estate, from rest 40% I will hold 20% of them for bitcoin price to increase and I will spare 20% for traveling and other things including buying new cars for myself Now come to real-world if I have that much BTC at that time then i definitely hold them for future because we know bitcoin will pump again.
Now come to real-world if I have that much BTC at that time then i definitely hold them for future because we know bitcoin will pump again. 
~snip~
I don't know jack shit about trading so it is not for me sadly but if i knew trading i would be doubling that amount in a year.
I'll tell you, It will never be easy doubling your capital in a year. Trading ain't no joke, It needs experience and expertise. As you said, you don't know nothing in the field of trading then you still have a long way before you can maximize the opportunity in monetizing the trade.
Just stick to your original plan. Holding has almost no risk at all, and there's still plenty of time for you to wait till Bitcoin will reach new heights. $9,000+ Is too cheap for you if you try to sell it today. Being financially stable, I dont see any reason for you to sell some of your Bitcoin in this price. Maybe a bigger business will come follow than what business you are planning right now after you sold your Bitcoin in a much higher price.
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