Topic: Where do you invest 60 BTC? - page 9. (Read 1700 times)

BTC it self is the investment. You don't need to invest in anything else. Whatever you do with that money you will probably end up with starting a business, not really investing. That is $500-600k which enables many options. You may even start an online casino. I've seen casinos with bankroll less than this amount.

60 Bitcoins are enough to start your own local cryptocurrency exchange in your country. You can start with small cryptocurrency exchange within your own locality and build a reputation and before you know it after a couple of years you'll become a popular cryptocurrency exchange.

For me, it still depends on your study what will you do to your BTC/ money. Because if you are tired of waiting that the price of bitcoin will increase and already have an excellent plan to your money, what is the odds of waiting for bitcoin to rise again then starting a new investment/ business. I know that besides earning bitcoin in different methods, you still have a different source of income. Also, you can start a small business using 50% or 30% to create more business/ source of income, especially if you still want to hold some of your BTC.

HODLING is a good strategy in crypto If you believe that in the long term cryptocurrencies will see much broader adoption and use, and that the currencies you are holding are likely front-runners in their area of technology, It’s the equivalent of being a long-term stock investor like Warren Buffett. You are choosing top issues in what you feel is an undervalued, emergent industry and you intend to hold until they reach their full potential regardless of what the market does. In fact, you may buy more on $10,000.

All successful people never look at anything negative, we always look at the positive, longer term holding in most markets is a more successful strategy for the average saver or investor. Short-term trading by amateurs, whether in stocks or in cryptocurrencies on in real estate or other things, is usually less successful.

if I have 60 Bitcoin right now, I would not even think of selling all of it, maybe I will just sell 20 Bitcoin and set up a grocery, I just want a simple with a steady income, with the way things are going right now, selling Bitcoin, all of it is out of the question, since I live in a third world country any increase on the price will have a good impact in my economy.

60 BTC is a huge amount of money, and the first thing I do is to retire my job immediately! This is a huge sum of money enough for me to live without doing anything. But since it was too much money for me I would donate a small percentage to charities that accept bitcoin as a donation. And the rest is for my hope of peace in life. While it is still holding on to my wallet and looking forward to bitcoin price rise again.

1. Single = no need to worry about anyone else, no children, no dependents.
2. Do you have an emergency fund, or savings, in fiat, other than the BTC?

I used to run a casino, it cost me about 10 BTC at today's prices (it cost more in BTC 3 years ago) ... I'm involved in another one that's about to start, all they really need is a bankroll to fund it as the casino is ready to go. You could try doing that with any other bitcoin casino as well.

You can take a greater risk if you want, just be aware that it's quite possible for you to lose any amount you put in, so maybe not the whole 60 BTC.

On the other hand, do you have fiat reserves, as in very liquid as good as cash? You should have an emergency fund that is worth 3 to 6 months (or more) of your total monthly expenses, so if you suddenly become unemployed for that long, you'll be good.

For example, let's say your monthly expenses including rent, food, groceries, transportation, internet, TV, phone, etc etc. (and you can cut down on some things too, to save money) is about ... $3000. You'll want to set aside 3 to 6 months and that would be = $9000 to $18000. So at today's prices, if you don't have any other cash in your bank account, sell 2 or 3 BTC to get to around $18000. Or a little bit more.

That is your emergency fund, you don't use it for anything, you don't buy a lambo with it, you just keep it in a bank account you can access. Preferably an account with no fees and higher than normal interest rate (I wouldn't really care because they all give 1% to 2% per year interest rates.)

You could also look into stable coins, my preference would be DAI (from Maker) as opposed to all the other ones, followed by USDT simply because they have the largest marketcap of all stablecoins and every exchange on the planet trades them.

That leaves you with about 57 BTC left.

If you want something passive now, in my opinion, the best investment would be a broad market index fund or ETF, depending on what country you live in, these things invest in hundreds or thousands of large cap businesses, like the S&P 500, or if you have access to it, the Vanguard Total Stock Market Funds. You'll get maybe 8% to 12% per year on those. This is a long term investment.

As for others, that depends on how much time you want to study them. There are dividend paying stocks, usually in the banking, energy and oil sectors. There are also REITS, (real estate investment trusts) that pay monthly or quarterly, and you don't have to bother with collecting rent, they do that for you.

If you're willing to take the gamble, cash out some, maybe dollar cost average, and invest in those. Leave some in BTC, put it in cold storage and just HODL it. Donate some to those in need maybe. I'd probably leave at least 10, maybe 20 BTC. I'd create a new wallet using either Bitcoin Core or Electrum, do a couple of tests, then send them to 10 or 20 addresses (1 BTC each, more or less, does not have to be exact.) and make several backups.

If all your other investments do ok, you'll have a decent passive income, plus a nest egg of 10 to 20 BTC, which, in another 5 to 10 years could be worth $100k to $1m each, and at that point you have a nice problem what to do with it. (I'd cash out some of it to add to my emergency fund and other traditional fiat investments.)

Find out what you really need right now, save the rest, invest smartly.

I wish would have the chance to earn that much Bitcoin too, if he have save it until now then that's really a lot od money and definitely will change his life.

Anyway, if given the chance I will save half of it, will start business and do investment on the other half, will not buy things I want first, but I will maximize it first.

If you have 60 BTC , you already have an investment so no need to make another one. Besides this , holding 60 BTC would change your life in some years so all your hard work would be extra profitable in the end and I doubt you will ever work again haha. But sure , if you want some extra investment , wait for a bull run , cash out and start a business into crypto space to help spreading the word about cryptocurrencies....there is always a 2nd option , to make a small investments into altcoins but when you already have that amount of Bitcoin , I don't see the reason.

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?

Short time working 5 years to get 60BTC is that possible ??

Of course with 60 btc funds it will be used well the most important thing is for long-term investment of about 50%, trading can use 10% is enough for me, 20% for businesses in the real world and I really like business, 20% to buy luxury house to enjoy our life in old age.

Just a fancy. 

60 BTC is currently price total of $500k. For those well developed countries then this amounts wont fit out for someone to go into a retirement
but for those people who live on 3rd world then this would be enough for you to live forever without having a day job unless if you do really
spend this money wisely and properly but since you do talk about on how to utilize it then on my own ways i would cashout the half of coins
to fiat and invest into offline projects like a bachelor pad renting or any other building which would be good for leverage.
Incase if crypto would be on very bearish mode then you can simply sustain yourself into those offline business earnings without relying into your
crypto earning.

if I have that much investment capital I will invest by dividing the capital I have, 70% for bitcoin and 30% for investment in altcoin because I know that very fast price movements are bitcoin while altcoin will follow the movements of bitcoin prices so that is why I choose investments in bitcoin and altcoin in different divisions.

With that amount, what I can also do as a start is to have my own business just like what you will do too. 60 BTC is really big enough money, you can't earn much of it nowadays, it will be really hard to earn it.

After having my own business at least 2-3 different business then I will enter the investment in stockmarket and in the crypto world.

It's really hard to imagine having a fortune of 60 BTC, that's for me a lot of money. If I have 60 BTC, it will be used to start
a business in the real world, buy a house, buy new cars, donate to charitable foundations, and save for trading. That is definitely
with money that much I really enjoyed life, hopefully it became a reality I could have wealth of 60 BTC.

The only thing you should exchange your BTC holding for is something with the possibility to appreciate at a more exponential rate than the standard exchange fluctuation.

While staking a PoS coin is good for users who do not want hardware headaches of PoW it is not really the best avenue in the grand scheme of things.
For years, I staked some long-forgotten coin that helped me pay to keep the house heated one winter. So that does work for some people. This is when PoS works when the total number increases yes, but also the price in BTC goes up in the open market. There are too many circumstances beyond your control for something like this to work out, reliably.

When trading the best bet is to "buy low and sell high." While stocks are based on news and annual reports of companies, you can see the much more of the community of any project online for crypto projects. "Buy on rumour sell on news" as they say, so many times the FUD-pits are the best source of info, as the market already moved by the time headlines are written. This market never sleeps.

There is no stopping you from getting involved with any project here at BCT. For anyone as a casual outsider, who is thirsty for ROI, it is difficult to see beyond the face value of any given project. The realness of any protocol is not the marketcap or daily transactions, but the more important social glue. Are the users honourable and considerate as a whole? It is very difficult to find a group of crypto enthusiasts who are not collectively or individually succumbing to one logical fallacy or another.

It would appear to me that your next steps involve focusing the skills you enjoy using and contributing a small portion of the funds accessible to pursue an endeavour whose benefit is not only financial but rewarding in other less tangible ways.

Taking an active role in an open project who needs a bit of coordinated and accountable funding (like a bounty system) as well as a person with your desired skill set would be the best foot forward. If you are working for someone else and want to keep the day-job then perhaps a less active role would be good in this organization until you start getting enough regular passive income to replace the comfort level your current career provides. 

Personally. If i had that much BTC, i would buy some land, a stainless steel wallet, some concrete, a safe and make my own cold storage facility/
then will the land to my next of kin, until the progeny is born.

please feel free to PM, even if you are larping

You need to diversify it carefully. If I have that kind of money I will divide it into like this:

Cash savings - daily expenses and for emergency purposes too, you can put some of this fund to time deposits or any form of investments that you can easily withdraw anytime.
Bitcoin - most secured crypto currency, I believe halving can bring its price high enough than its current value.
Altcoins - you need to very extremely careful with your picks here, maybe 3 altcoins in the top 10 listed at coinmarketcap, 1 from top 50 and 1 another promising project that just started or anything outside top 50 you believe has the potential to become another top altcoin.
Real estate - you can purchase house and lot or parcel of land or both.
Fiat investment - you can diversify to bank time deposits, bonds, and other secured form of investments
Business - think about your passion in life and how you can make it profitable

It will be up to you how you can allocate the amount based in your priorities and expertise. Like for example you are good at business then you can put 1 or 2 or even 3 you think you can manage.

You have more than many others will have throughout their entire lives, and you don't need all that money right now since you have a decent job that makes you have a decent life. I gave you advice on which way you can at least partially solve your doubts, but you are looking for some surefire way to invest money and earn passive income. As others say, Bitcoin is risky, but great investment - do you know how much 1 BTC is worth before 5 years, or just 2 years ago?

If you like Buffett (you miss one letter), I hope you know what he means about Bitcoin - you should sell all 60 BTC today and invest in what he is investing, he is rich person, don't you want to be as rich as he is?

Well that is a big amount actually and I have a of things I can do with it and the best option is to start a business. I prefer to start a business so that my income is guaranteed when the time I leave from work. Hold is my second option, I knew that Bitcoin will be something more in future and possibility of getting a high return.

Two things;
- divide your bitcoin into 2, half for your savings, bitcoin's price will rise higher in the years to come.
- BTC30 invest your bitcoin into some businesses, retail shop, properties, boarding house, anything that might catch your interest and at least isn't too difficult to learn.
If a business could run without your attendance, then your investment is working.