Topic: Where do you invest 60 BTC? - page 11. (Read 1734 times)

Quote from: ChrisPop on October 30, 2019, 04:25:39 AM

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? Tongue

What ChrisPop suggest(quoted below) is a great investment for new investors. it is also preferable to you since you are looking for a passive income (quoted below ChrisPop). but if you are only interested in crypto type investment holding is a great way and will be suggested to you a lot of times. you can also invest in gambling sites(not starting a gambling site) which I am currently doing but you have to read their FAQ about Investment to get the full idea on how their investment work. but in the end, it will still be your choice is to where you will invest your money.

~~I would invest them in my wallet haha jokes aside~~ I would probably get around a quarter out to invest into a hard real asset like a couple of apartments that will provide me a stable monthly return. ~~I would keep the rest in BTC in my wallet because I'm so bullish on it long term.~~

Quote from: Youghoor on October 30, 2019, 06:41:54 AM

I can answer your points.I am 27 yrs old web developer.decent pay.not married,financially stable in fiat.if i keep holding bitcoin thoughts do come to my mind will i be multi millionaire in future/the price crash to zero. I am thinking of starting a dice casino in crypto to make passive income ~~but have no idea how much it cost to start such business.~~

gentlemand

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Starting up a business will always be a good way to invest the 60BTC . You are 100% sure that your business can make you a double of the initial investment capital you used.

Yeah. A business that guarantees a doubling of your money sounds really, really cool. Why the hell aren't more people doing that? Why are others losing money? What's wrong with those deadbeats?

60BTC

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Quote from: Youghoor on October 30, 2019, 06:41:54 AM

Quote from: 60BTC on October 30, 2019, 04:28:37 AM

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? Tongue

Starting up a business will always be a good way to invest the 60BTC . You are 100% sure that your business can make you a double of the initial investment capital you used. Businesses present real assets that will bring you income for a long term if your business addresses specific problem in the ecosystem you find yourself. Starting up a business is a good retirement plan. With that, you will have a source of a specific income at any moment in time.

Any good bitcoin ideas you wanna share for business?

ChrisPop

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But don't you think in the long run you would earn more by holding bitcoin instead of selling and then buying apartments to earn monthly income?

Investments and finance is a game of risk management. In my opinion it is very important to diversify your portfolio to reduce risk especially when you're managing large amounts. Real estate offers monthly income plus appreciation of the properties. Of course I would get much more if Bitcoin is successful long term, but it is not about how much you make, but about what income you can maintain and eventually grow.

Youghoor

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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? Tongue

Starting up a business will always be a good way to invest the 60BTC . You are 100% sure that your business can make you a double of the initial investment capital you used. Businesses present real assets that will bring you income for a long term if your business addresses specific problem in the ecosystem you find yourself. Starting up a business is a good retirement plan. With that, you will have a source of a specific income at any moment in time.

Lucius

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I can answer your points.I am 27 yrs old web developer.decent pay.not married,financially stable in fiat.if i keep holding bitcoin thoughts do come to my mind will i be multi millionaire in future/the price crash to zero. I am thinking of starting a dice casino in crypto to make passive income but have no idea how much it cost to start such business.

What really bothers you is the possibility that the price of Bitcoin may drop to zero or near that number, and that 5 years of your part-time job won't be worth anything. This possibility is real and exists, no one can guarantee that Bitcoin will exist for 5 or 10 years.

To reduce this risk, simply sell the part of Bitcoins that you think would be enough pay for what you've been doing for the past 5 years, second part save to paper or hardware wallet, and third part use for investment in something you think that is safer than Bitcoin (gold, silver, stocks, real estate).

If you have no experience with things like online casino, maybe it is better to stay away from such things. It is not only money you need to invest, but also all legal®ulatory issues.

rijaljun

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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? Tongue

In case I don't want to stop on holding Bitcoin, I would just spread it to some investments. I might not start a business and would just become a trader and investor. I might still become a holder of Bitcoin and trade it to get more profit. Bitcoin doesn't give dividen, that's the main problem for me, I would then exchange some of them to invest in fiat, stock market, to earn passive income.

AjithBtc

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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? Tongue

I'll diversify the amount into different investments. I'll allocate 20 bitcoin to invest on properties. Further I'll keep 10 bitcoin for my gambling needs. In the 30 bitcoin available I'll just hold 21 bitcoin. With the remaining 9 bitcoin I'll start a small business that gets me with a earning to fulfill my daily expenses. This way I'll make me one among the million to have 21 bitcoin.

mk4

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I can answer your points.I am 27 yrs old web developer.decent pay.not married,financially stable in fiat.if i keep holding bitcoin thoughts do come to my mind will i be multi millionaire in future/the price crash to zero. I am thinking of starting a dice casino in crypto to make passive income but have no idea how much it cost to start such business.

That can work. But don't you think the casino niche is a bit too congested already? Unless you have a genius idea that could potentially make people move from existing reputable casino sites(Stake.com, Fortunatejack, etc) to your casino site.

gentlemand

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It depends where you live. In some countries at current prices that's enough to live like an emperor for several generations right now. In others that'll won't buy you half a decent sized house in a good area.

Either way there's no such thing as 'investing' it without risking losing all of it instantly or over time. Owning it is the investment. I wouldn't put anything into these places like blockfi.

I don't believe starting a bitcoin business like a casino can possibly compete against what's already out there. All you'll be doing is burning money trying to get a foothold that'll never happen.

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.

Don't fall for the pricks who espouse trading. Most people who try it wind up fucking up. I know I would be absolutely guaranteed to.

MURONDI

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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? Tongue

60 bitcoin is impossible for me to get Shocked

, but if I have 60 bitcoin, I will divide it into 3 parts, I store 20 bitcoin in a safe wallet or I trade, 20 bitcoin again for real business capital property business, the rest for me to enjoy, buy a house, have fun and also for the holidays.

CarnagexD

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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? Tongue

If ever I earn 60 bitcoin I guess I will probably hold it until the price goes up. Every year we might see a good uprising price of bitcoin that's why it is totally good to hold. One of my plans, if I have 60 bitcoin, is the half of it will be used in a business and the rest will remain on my wallet or simply I will hold it. It's better to use the bitcoin in some business so you can still earn more money. I know some of us will have same idea with me because having a good business will totally support you financially.

Palider

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Quote from: NeuroticFish on October 30, 2019, 04:45:36 AM

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? Tongue

1. Of course I use 20% of my bitcoin to reward myself on vacation with my wife and children.

2) And second I will use 30% to build a business that will help with our daily needs.

3) And the remaining 50% will be used for the emergency fund and the same time will be for hold.

bitcoin31

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Once a persom have that amount they have a time that they enjoy their money first and once they spend mosr of them they think to invest or the remaining. But for the first place once I have 60 bitcoin and I don't want to work I will cashout maybe 20 bitcoin for my savings and the other is to invest still in cryptocurrency and start a business to earn more money again.

Cityhunter123

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I would invest in some small business.

60BTC

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Quote from: Oasisman on October 30, 2019, 04:50:59 AM

How would you invest that amount?

60BTC is already priced to half a million Euro. Quite some money and Bitcoin still has plenty of room for growing.
So first of all, I would not put it into some custodian wallet promising whatever. Not your keys, not your money.
I'd think on a business I can start - whether is a business in crypto or not. Even buying one or more houses of apartments for renting is a business.
I'd spend some money and may hire a financial adviser. He may have ideas which didn't occur to me.
Of course, I'd still keep some Bitcoin as investment. Maybe invest in other things too. With such a wealth there are a lot of options to diversify, and by diversifying right I can always stay on profit.

Although 60BTC is quite a wealth, I would not afford to retire only with that. I have to do something to make it make more money. And unless you are already quite old, you'll have to do the same.
Bitcoin rising could be an answer. But I wouldn't rely solely on that.

Really some great answers are coming up and i am glad. I agree about not holding bitcoin in custodian wallet but due to inflation my bitcoin won't increase.I read about Celsius Network which gives interest? Anyone tried it? Any bitcoin crypto ideas?

Quote from: mk4 on October 30, 2019, 04:52:41 AM

~snip~

No what if you earned that much bitcoin by working part time for five years? You have stable job and earning in fiat too but also manage to earn 60BTC by working part time 3 hours daily for five years? then what would you do with that 60BTC. Is holding that amount long term a good idea if you are already financially secured in fiat?

You already answered your own question. Holding it until the price reach your target would be the best option in your scenario. Since you have a stable job, I assume you wont bother to trade to avoid yourself from being over stressed.
You must be very lucky if you're financially stable with fiat while holding that huge amount of Bitcoin. Hold it for your retirement instead.

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.

No what if you earned that much bitcoin by working part time for five years? You have stable job and earning in fiat too but also manage to earn 60BTC by working part time 3 hours daily for five years? then what would you do with that 60BTC. Is holding that amount long term a good idea if you are already financially secured in fiat?

It still really depends on some factors. How much fiat have I earned for those 5 years?

If:

it's a well paying job
I don't see myself getting fired anytime soon
the industry I'm working at is sort of "evergreen"
I don't have any children
I have enough money saved to support myself for 5-10 years without a job(just to be really sure)

I would most probably hold the BTC60 as I'm really bullish on it in the long term. And probably just sell fractions of a BTC if I really really need money.

I can answer your points.I am 27 yrs old web developer.decent pay.not married,financially stable in fiat.if i keep holding bitcoin thoughts do come to my mind will i be multi millionaire in future/the price crash to zero. I am thinking of starting a dice casino in crypto to make passive income but have no idea how much it cost to start such business.

lepbagong

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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? Tongue

You can do a lot if you have that much bitcoin. the first is clearly still putting part or half of it fixed on bitcoin because bitcoin is a reliable long-term investment. some can be invested in altcoin that is already listed on the exchange, which is not a little altcoin is also quite good. or you can exchange some of it for fiat for business, don't just crypto it.

Astvile

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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? Tongue

I'll pick the smartest choice I can think of. Starting a business I think. I don't wanna gamble that big amount of money ( yes there is a risk in business but the risk in business can be predicted/analyzed and fixed easily not unlike bitcoin trading). Retirement isn't the best choice and no one would pick it for sure, money won't circulate and profit.

mk4

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No what if you earned that much bitcoin by working part time for five years? You have stable job and earning in fiat too but also manage to earn 60BTC by working part time 3 hours daily for five years? then what would you do with that 60BTC. Is holding that amount long term a good idea if you are already financially secured in fiat?

It still really depends on some factors. How much fiat have I earned for those 5 years?

If:

it's a well paying job
I don't see myself getting fired anytime soon
the industry I'm working at is sort of "evergreen"
I don't have any children
I have enough money saved to support myself for 5-10 years without a job(just to be really sure)

I would most probably hold the BTC60 as I'm really bullish on it in the long term. And probably just sell fractions of a BTC if I really really need money.

Oasisman

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