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Topic: which will u choose to buy - page 6. (Read 1922 times)

hero member
Activity: 1484
Merit: 928
December 25, 2020, 10:07:16 AM
#91
If have having that huge kind of money with me, I will definitely flex with part of the money, but I will still have to invest the rest on bitcoin for survival. I will definitely buy bitcoin or other altcoins when the price is low and I will keep it for the price to increase before I sell it atleast I will make profits by doing that.
sr. member
Activity: 1456
Merit: 359
December 25, 2020, 02:58:31 AM
#90
Focusing on your edge or in your niche is really important, a lot of people are making mistakes because they thought that they can become successful in specific industry without knowing that niche and edge are also important. If you are good in retailing then focus on it and forget other things, If you are good in trading then focus on trading cryptocurrencies and stock market and so on and so on. It is really depending on what skills that you have, billionaires are successful because they focus on their empire wherein, they focus on the industry that they are entering.

If you have a lot money and you do not know when you will put it, then I think it is better if you will first make investment in your knowledge first because there is a high possibility that you will lose all of your money if you first make investment in something that you fully understand.
hero member
Activity: 2604
Merit: 816
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December 25, 2020, 02:46:06 AM
#89
That's a lot of money and I never had that much money but I never dreamed that in the future I would have it and if I already had 70% I would invest in bitcoin and some altcoins and the rest I would save as savings and would use it for open a business in the real world
You will have a lot of money if you can try to work hard from now on, and I think you still have much time to prepare what you can to have a good future. If you can have many bitcoin and altcoins, you will have the opportunity to make a big profit in the future. It is good if you already have a plan for your future, and if you can still work to make it happen, I am sure you will get something good in the future. So do not stop for hard work while we can.
sr. member
Activity: 1736
Merit: 306
December 25, 2020, 12:34:39 AM
#88
That's a lot of money and I never had that much money but I never dreamed that in the future I would have it and if I already had 70% I would invest in bitcoin and some altcoins and the rest I would save as savings and would use it for open a business in the real world
legendary
Activity: 2688
Merit: 1192
December 24, 2020, 04:25:05 PM
#87
If you have a million in cash and a patient mindset for investing, it's very possible you never have to work another day in your life time. I'd definitely go for investing in some rock solid company shares that pay a starting yield of 3-4%. Spread your investing out over a few years because the market is ridiculously high right now considering the effect that Covid should be reaping on the US stock market. It won't get you a huge income, but could give you a very comfy life outside of the bigger cities (e.g. away from New York or San Francisco) with a steady growing return. Of course it'd be wise to keep some Bitcoin in your portfolio for the capital appreciation.
full member
Activity: 368
Merit: 107
December 24, 2020, 03:59:23 PM
#86
I don't want to lose money by investing in a temporary project like a car. I will definitely look for a means of sustainable investment. Bitcoin is my main area of investment. It will help me survive and pave the way for income. From Bitcoin I can easily make a lot of profit in long term investment. Also Bitcoin seems to me a much safer investment.
sr. member
Activity: 2436
Merit: 455
December 23, 2020, 12:28:22 AM
#85
We're in the survival of the fittest right now, so being practical will keep you alive and kicking, therefore investment is good than buying your wants that will depreciate soon once a new model is released. On the other side, Bitcoin will continue to increase its price, maybe fluctuations may occur but its normal, but I am sure that's your money, for example is $100,000 for a lambo will be a $300,000 or more when you invest it in cryptocurrency if you know what you're dealing with.
full member
Activity: 1232
Merit: 186
December 22, 2020, 11:41:54 PM
#84
with a million dollar, i would quit my job, buy a house and go fishing.
That is it.
I am confused, I don't know whether I'll be happy for your decision or slap my forehead Grin.

I'm glad in a sense that you only want a simple living despite of having such huge amount of money. But on the the other hand, I am thinking that you will only be able to survive for 1 to 2 years if you will really stop working and just rely on your cold cash. Sorry if I disagree but for me you are becoming too complacent. May I ask you, if that million finally gone what now? See?

There should be balance, if you know how to spend money then of course you know how to create a source of it so that your finance will circulate and live prosperous in a longer period of time. Fix your decisions dude.
sr. member
Activity: 1204
Merit: 270
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December 22, 2020, 10:42:13 PM
#83
You has a few million dollars you have to spend all the money on different tasks the risk will be less and their value will increase over time bitcoin currency to choose to invest in the crypto market has a high demand. Investors are profitable by investing in both short and long term Using the rest of the money for your own needs in daily life can reduce the risk from both sides.
full member
Activity: 1330
Merit: 147
December 22, 2020, 09:52:14 PM
#82
what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?
I'll divide all of the money, the first thing that I'll choose is buying land and build a dream home so I can live comfortably. After that, I'll buy a car which is still worth riding, not a Ferrari or another expansive car because it is worthless to me, I prefer to have reliability comparing to an asset. The rest of the money I'll spend to invest in some stock in a half and another half I'll choose bitcoin. Yeah, I don't want to choose bitcoin to store all my money since it a high-risk investment place. I'll spend to choose it just use the money that I can afford to lose, also I'm not an investor but I am just a day trader who can only invest my money in the short term.
member
Activity: 308
Merit: 31
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December 22, 2020, 04:14:38 PM
#81
with a million dollar, i would quit my job, buy a house and go fishing.
That is it.
sr. member
Activity: 1188
Merit: 251
December 22, 2020, 03:58:11 PM
#80
I think if to survive you need to save some cash, I mean you need time to benefit from the value of your investment. whereas buying ferrari is a bad choice if you have no other income. So invest and set aside a little money or you have a source of money for your living needs while your money is invested. Smiley
sr. member
Activity: 1666
Merit: 276
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December 22, 2020, 02:17:02 PM
#79
I personally lost all my earning out of cryptocurrency. This happened just because of hodling without any target. I had good number of altcoins and little bitcoin during the previous bull market. I didn't spend it on cars or any other luxury living. I kept hold and missed the opportunity to profit big. Later I sold when the market was bearish. From that point I prefer to invest on real estate over the cars apart from cryptocurrencies.
sr. member
Activity: 2618
Merit: 439
December 22, 2020, 09:46:29 AM
#78
what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?
Is this really a question? Luxury against investment ?

First i will only purchase Ferrari once my Money is above to buy even 5 top of the line Sportscar, but with million dollars? I will take second Hand ferrari for a while ,and the majority of Money will be for investing in crypto .

for sure after couple of years just laying all my coins inside my safeties ?i may buy 2 or more expensive cars .
full member
Activity: 1292
Merit: 101
Vave.com
December 22, 2020, 08:54:15 AM
#77
what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?
I will invest on crypto for sure .I will buy bitcoin of my 25% amount of the total wealth .I think altc can give a good return as well so that have a plan to put a amount for it as well .However we can dream a lot but it will not happen .But as much i have i always invest on crypto for long term .
sr. member
Activity: 1988
Merit: 453
December 22, 2020, 08:14:26 AM
#76
what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?

Is it necessary to spend all of your money in one specific niche? Most of the billionaires spend a part of their wealth on luxury items such as sports vehicles, while they keep the remainder as various investment assets such as treasury bonds, bank deposits, real estate, equities and bullion. Most of us would do the same, in case we become millionaires as a result of Bitcoin.  Grin
member
Activity: 686
Merit: 26
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December 22, 2020, 02:50:50 AM
#75
what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?
investment in bitcoin is only a few percent. for me there are still many other business choices that are bigger than bitcoin that are also lower risk. if investing all in Bitcoin it looks like a high risk

Do not put all eggs under one basket in same way we need to allocate our investment in different business, coins etc in order to keep making money every month even if one of the sectors is down where you had invested. This way helps to keep generating some income from different sources and helps you to diversify the portfolio.
sr. member
Activity: 1596
Merit: 335
December 22, 2020, 02:06:40 AM
#74
Invest it in something that will provide you income even in the long term. I would invest it in crypto by making a good entry and holding it for a few years. It is also wise to invest in the real state or have a business that will give you continuous income. Spending your money wisely is a must if you have a huge amount of money, without proper money management million of dollars can be gone in just a short span of time.
sr. member
Activity: 952
Merit: 323
December 21, 2020, 06:34:34 PM
#73
what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?

Obviously i will not choose the first option, i dont wanna spend my money for expensive things. Second option is good option to choose and generate more money. But, i will not put all of those money on bitcoin. Diversification investment is best investment planning to reduce the risk of valuation every single investment. Then, Beta risk analysis should be done when try to make a diversification investment.
sr. member
Activity: 1316
Merit: 254
United Crowd
December 21, 2020, 06:21:25 PM
#72
people spend their time looking for money so they cannot enjoy the time of their life. uses his health to earn money, and when sick he uses money to get health. it sounds funny, but it's the truth. if I already have millions of dollars, I don't need to make money anymore.
just live and enjoy. if in a month we spend 1k $ then Are we going to live for 1K months with the rest of our life today?
so enjoy life and simple life.
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