I want to know something.If i invest and buy Altcoins like DASH - masternode. Will the returns be better than just HODLING bitcoin ?
I mean if i buy alts that give dividends,will i earn more in long term compared to if i just HODL bitcoin? I think altcoins price also rise with bitcoin pumps.
Topic: Where do you invest 60 BTC? - page 7. (Read 1734 times)
If nothing else this thread is a fine demonstration of why most people don't end up wealthy even when it's sitting in their lap.
If I hadn't read the opening question I would assume it was 'how do I squander 60 BTC asap?'
If I hadn't read the opening question I would assume it was 'how do I squander 60 BTC asap?'
Exactly. I know it may be harder for other people who are new to the space but once you've endured a number of downtrends you become immune to all this FUD and panic. Bitcoin holders who held for more than 3 years become like those old soldiers on the battlefield who find time to eat, smoke, take a piss, while all the newbies around them are sweating and shaking and nervously looking around.
If I had money to buy 60 BTC that would be it. Endgame for me. Maybe I'd sell 10, buy a boat and sail somewhere warm to kill time while I hodl the other 50.
Give it to me, I'll put it in an index fund that gets 11% per year, so you'll earn (if prices do not change) about 6 BTC every year, or half a bitcoin per month.
Basically, turn that crypto into fiat.
If you really want to keep it in bitcoin and alts, I have a couple of ICOs / alts I'd privately recommend to you; but there are no promises or guaranteed returns unlike banks in the fiat world. I hear banks have Guaranteed Investment Certificates, which are more like corporate bonds but the annual interest rate is closer to 1% or 2% per year, maybe 3% if held for 5 years.
You still haven't said what country you're in, so can't really recommend what institution you should send it to. I'd check here: https://global.vanguard.com/portal/site/home
Basically, turn that crypto into fiat.
If you really want to keep it in bitcoin and alts, I have a couple of ICOs / alts I'd privately recommend to you; but there are no promises or guaranteed returns unlike banks in the fiat world. I hear banks have Guaranteed Investment Certificates, which are more like corporate bonds but the annual interest rate is closer to 1% or 2% per year, maybe 3% if held for 5 years.
You still haven't said what country you're in, so can't really recommend what institution you should send it to. I'd check here: https://global.vanguard.com/portal/site/home
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?
60 Bitcoins are a substantial amount. I think you can leave half of the funds for trading and half to spend on the implementation of Business. Although this is just my opinion, everyone decides in his own way.
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?
Hold it and wait that the price will increase when it will definitely increase, this is the best time to hodl Bitcoin, halving is coming, a lot of institutions are coming and creating their own coin, China is very bullish about blockchain, if I want something that I could get our every day needs I will withdraw a small amount maybe 10%, just enough to start a buy and sell business.
You are a pessimistic person. It's a good idea to HODL but that doesn't mean don't invest. Not all people end up with bad investments and you can't advice all to not invest. Some people do make profit. In my opinion it is not a good move to just let you bitcoin sit idle.One should always have the mindset of earning more and more even if they own 60BTC 
I am not saying to fall for scams out there but use your brain and do some business and start something new, don't let it sit idle but do something. That was the whole purpose of this thread to get some ideas of investing in 2019 other than usual HODL mentality.
I am not saying to fall for scams out there but use your brain and do some business and start something new, don't let it sit idle but do something. That was the whole purpose of this thread to get some ideas of investing in 2019 other than usual HODL mentality.Nope. Realistic and entirely empirical.
Your thread is about how to increase your BTC. Myself and a worryingly low proportion of others have pointed out that most methods are a superb way of decreasing it. The evidence is bellowing in one's face wherever you look.
If I'd attempted the same thing when I got rolling in 2013 I am extremely confident I'd have an awful lot less or nothing by now.
I've also said by all means risk a modest proportion of it. Go into it with no expectations and no panic and you might get a nice bonus or a salutory lesson. If the risk is managed correctly then it don't matter.
You're clearly going to do it anyway so I'll keep me gob shut from now on.
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?
@60BTC I would prefer to diversify my funds, hence I would invest 25 bitcoins in freebitco and earn one bitcoin as interest each year. Then I would take 15 bitcoins and invest them in Bitdice CSNO tokens, and enjoy the dividends I’ll get for holding the tokens. With the remaining 20 bitcoins I would prefer to hodl 10 bitcoins and cash out the remaining bitcoins, and invest the sales money in various startups so my money keeps on growing.
Links:
https://freebitco.in/#
https://medium.com/@BitDice/exposure-to-csno-token-everything-you-need-to-know-about-it-4727c35aeb8b
If nothing else this thread is a fine demonstration of why most people don't end up wealthy even when it's sitting in their lap.
If I hadn't read the opening question I would assume it was 'how do I squander 60 BTC asap?'
If I hadn't read the opening question I would assume it was 'how do I squander 60 BTC asap?'
You are a pessimistic person. It's a good idea to HODL but that doesn't mean don't invest. Not all people end up with bad investments and you can't advice all to not invest. Some people do make profit. In my opinion it is not a good move to just let you bitcoin sit idle.One should always have the mindset of earning more and more even if they own 60BTC
I am not saying to fall for scams out there but use your brain and do some business and start something new, don't let it sit idle but do something. That was the whole purpose of this thread to get some ideas of investing in 2019 other than usual HODL mentality. If nothing else this thread is a fine demonstration of why most people don't end up wealthy even when it's sitting in their lap.
If I hadn't read the opening question I would assume it was 'how do I squander 60 BTC asap?'
If I hadn't read the opening question I would assume it was 'how do I squander 60 BTC asap?'
Exactly. I know it may be harder for other people who are new to the space but once you've endured a number of downtrends you become immune to all this FUD and panic. Bitcoin holders who held for more than 3 years become like those old soldiers on the battlefield who find time to eat, smoke, take a piss, while all the newbies around them are sweating and shaking and nervously looking around.
If I had money to buy 60 BTC that would be it. Endgame for me. Maybe I'd sell 10, buy a boat and sail somewhere warm to kill time while I hodl the other 50.
Well 60 BITCOIN in 5 years it can be a great deal if the price of BITCOIN will increase into 20K $, I wouldn't invest all of them, I will divise them the half in a cold wallet and other I will buy many things and enjoy life with them! Chance doesn't came twice so let's profit! I also will gamble with a part of them in playing poker, I will buy a new car and a new bike, I will travel.... I will do anything that I can do with them. Just I wish I can attend 60 BITCOIN or even 30 BITCOIN.
Are you sure he has 60 bitcoin in his wallet? if really have 60 bitcoin in his wallet maybe just sleep while and use bitcoin for investing with some top altcoin on exchange market like ripple and ethereum, he can plays with ethereum price when have to pump and dump because with 60 btc he can does what he what to do with altcoin price, I will allow what the altcoin to buy and invest by him. maybe for some people, this will be risky
but what I do if I have 60 Bitcoin is investing 50% in a trusted gambling platform and investing 50% making my own mining
investing in gambling sites like Bustadice, Bitvest or other is quite profitable IMO.
but what I do if I have 60 Bitcoin is investing 50% in a trusted gambling platform and investing 50% making my own mining
investing in gambling sites like Bustadice, Bitvest or other is quite profitable IMO.
Well I would just cash out and use it in real estate investment but never ever think o mining as I have learnt the lesson hard way by already investing and losing huge chunk in mining as its not profitable in all the countries and requires lot of attention and you end up losing capital and have to pay extra on top of losa when the market is bearish.
Great that you are using it for real estate, me I am using it as payment of bills, and transferring funds. So, it's really amazing to see that Bitcoin is widely used in different aspect. I haven't done mining too as I don't have much time as of today, busy with dealing with my own business.
You think BTC is getting stable? It had 2 huge pumps this year the first time going from 4k to 14k and the second from then it went to 9k and again to 13k and it all happened in the matter of weeks. Where do you see stable here.
You also haven't seen anything yet. Bitcoin is still in its infancy with a value comparable to a single company like Amazon or Google. The first decentralized currency in the world is something less than 1% of the world owns but more people have an Iphone or a stupid paypal account.
I appreciate you trying to get more bitcoins but if you invest in a company you're putting money at risk. You could convert your bitcoins to goods that will in time give you more bitcoins like setting up a car rental company that accepts bitcoin but by the time this gives you back your 60 Bitcoin could go up in value by 200% and double your ROI time.
You also haven't seen anything yet. Bitcoin is still in its infancy with a value comparable to a single company like Amazon or Google. The first decentralized currency in the world is something less than 1% of the world owns but more people have an Iphone or a stupid paypal account.
I appreciate you trying to get more bitcoins but if you invest in a company you're putting money at risk. You could convert your bitcoins to goods that will in time give you more bitcoins like setting up a car rental company that accepts bitcoin but by the time this gives you back your 60 Bitcoin could go up in value by 200% and double your ROI time.
Yeah, can't remember where I saw it, but this week with that huge jump in price, it recorded it's biggest single-day swing (in both directions) since 2011. Can you imagine that?
So for anyone who keeps saying how late they are to the scene, if you can still break a record in 2019, you can be sure Bitcoin will break many more records in the years to come.
Stability? Why would we want that?
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.
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.
outside of my own answer, these are my favourite.
gentelmand casting pearls...
If nothing else this thread is a fine demonstration of why most people don't end up wealthy even when it's sitting in their lap.
If I hadn't read the opening question I would assume it was 'how do I squander 60 BTC asap?'
If I hadn't read the opening question I would assume it was 'how do I squander 60 BTC asap?'
maybe for some people, this will be risky
but what I do if I have 60 Bitcoin is investing 50% in a trusted gambling platform and investing 50% making my own mining
investing in gambling sites like Bustadice, Bitvest or other is quite profitable IMO.
but what I do if I have 60 Bitcoin is investing 50% in a trusted gambling platform and investing 50% making my own mining
investing in gambling sites like Bustadice, Bitvest or other is quite profitable IMO.
Well I would just cash out and use it in real estate investment but never ever think o mining as I have learnt the lesson hard way by already investing and losing huge chunk in mining as its not profitable in all the countries and requires lot of attention and you end up losing capital and have to pay extra on top of losa when the market is bearish.
maybe for some people, this will be risky
but what I do if I have 60 Bitcoin is investing 50% in a trusted gambling platform and investing 50% making my own mining
investing in gambling sites like Bustadice, Bitvest or other is quite profitable IMO.
but what I do if I have 60 Bitcoin is investing 50% in a trusted gambling platform and investing 50% making my own mining
investing in gambling sites like Bustadice, Bitvest or other is quite profitable IMO.
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?
60BTC in 5 years? That's 12BTC a year! Even if we take a low price of 3000 USD which was the low for the last 3 years it's still 36k USD a year. That's some serious money. You must be working hard 24/7 or gambling, or you are a UN MP those people get paid big money for nothing
Holding BTC is already an investment. Why would you double the risk by reinvesting an investment?
Think in the terms of physical goods. You have a house that you're renting out and that gives you a good passive income with a small degree of risk but now you want to go play poker and put your house on the table. Do you need more money so much?
You misunderstand me, We all know bitcoin is getting stable each year.There is rarely major fluctuation in price. I don't want my money to sit idle. I want an increase in bitcoin and increase in fiat will follow. For eg: turning 60 BTC to 100 BTC in coming years by starting a crypto business. I know it's possible with some right knowledge and ideas. At my age(27), i think it's wise to take a risk instead of just HODLING and doing nothing. Don't you think?
a lot of people get stuck in the idea of Hold, they forget that even Hold has a big risk. what I can advise you Is the following:
take some of your bitcoin and do real-world business
take some of your bitcoin and store it in several real world bank accounts
there are several options to increase your bitcoin in the online world, yes they are risky options, but what in life is not risky? trade is riskier and more lucrative, creating a casino is risky because many hackers will be sabotaging you and it has government regulation issues, creating an exchange is lucrative but it has security issues and government regulation issues. everything is risky
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?
HODL.
10 years from now 1 satoshi = 1 USD
It is indeed a very huge amount at this time, perhaps, what I would do to the 60BTC is probably, to start my own mobile application that will utilize cryptocurrency wallet. Atleast, with the 60BTC I already have the balance needed to operate it. If whenever incase this 60BTC grows a bit more bigger, what I will do is to invest it in bitcoin ATM's in this case, I could help to increase the market adoption, at the same time, grow my Bitcoin and Assets.
If I would have that amount, I will divide it into two parts. I would use half of it to put up a small business so that I would have a source of income to sustain all my daily necessities since I would stop working. I will use the other half to invest with crypto. I believe that it will be the best thing that I can do for the fruits of my hard work. I will choose to invest in Bitcoin and Ethereum.
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