which will u choose to buy - page 7.

Hamphser

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Quote from: Noctis Connor on December 20, 2020, 10:52:21 PM

Quote from: xSkylarx on December 20, 2020, 10:27:25 PM

Quote from: Hamphser on December 20, 2020, 06:43:43 PM

Quote from: hawaii88 on December 14, 2020, 08:59:48 AM

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 ?

~

Same for me. As they say, don't put all your eggs in one basket. If crypto or bitcoin crashes, then you would feel depressed because you didn't diversify all of that money. Imagine if you're one of those people who invested on 2017's ATH. They just recently recovered their loss after 3 years of hodling if they didn't sold it yet.

Its true if you put all your money into crypto currency and then price suddenly drops your millions will become hundreds it's really annoying when that happens and yes if you invested in that era when bitcoin price is not that quite high then you become millionaire if you have the good mindset to hold that long, Not all are interested in gold and not all are qualify to invest in gold stocks market are good also with small business that are popular with people to reach your monthly income and to support with your daily basic with financial bills with in a month.

You wont really be able to handle it out if you do see your millions becomes only hundreds of thousand due to market fluctuation.How much more if it do really have some serious correction?

You would really be ending up on panic selling and as i had mentioned into those various allocations then you can somewhat assure that you wont really be on the failing side since
you do have the chance to recover even if other investment had failed to do so.

Always be wise and secure on having multiple investment neither focusing on just one.

zonefloor

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Frankly, if I had that much money, I would keep half of it on cryptocurrency and half as cash for myself. As an investment, I would focus on BTC and ETH. Because BTC is always the king in the crypto money market. ETH comes after it. No doubt these two always make a lot of money for large sums. Even small rises within millions of dollars can add wealth to my wealth.

Latviand

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I will always choose to invest on cryptocurrency rather than buying my necessities if I'm not that successful yet.

Why will you buy something that will not help you grow more, something that will not make you have a stable source of income.

It is much better to have a multiple source of income so that your growth will be fast and stop buying things for fun.

Self-discipline is important in handling your money and assets, cryptocurrency is really profitable and it is really a good asset to help you grow more. Once you are already a successful investor and you have different sources of income, that's when you should buy your necessities in life.

You will not worry on those expenses no more.

tarable

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Quote from: dady12 on December 20, 2020, 10:07:25 PM

I'd diversify my portfolio. Perhaps, half of it or less I'd invest in crypto.
Other half in low risk investment tools suhc as fonds, foreign assets, perhaps stocks to some extent.

It is great if you have a unique strategy in this case, because without a good strategy, someone will not easily get profit in any case, hopefully your portfolio structure can be very good and not misguided.

AniviaBtc

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Quote from: hawaii88 on December 14, 2020, 08:59:48 AM

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 ?

It is much better if you invest so that you can have a source of profits in the future.

Buying a high class ferrari car is really not a good idea if you are not stable in life, this things is included to our necessities and it should not be the priority.

You should know your priorities so that you are focused on what you are doing in life. If you are distracted by other things then probably success will not chase you. There's a lot of opportunity in investing on cryptocurrencies especially in bitcoin. Never waste an opportunity to engage to it no matter what, but if you are not willing, then it is your choice.

nrvasquez

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Yo, that $1m is a lot. maybe I'll buy a company that's already running. maybe it is not a big business, but it is certain that it has made a profit and also has a strong sustainability. after the ROI is successfully obtained, then start reinvesting into other assets. at least that was my plan

Betwrong

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Quote from: hawaii88 on December 14, 2020, 08:59:48 AM

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 ?

One more thing to consider(if you are still reading this thread).

If you have big money in your possession(forget about millions, it can be thousands, let's be more realistic), the best thing you can do is investing in your education. With good education you can make good money on a regular basis, but what is equally or even more important is that you can fully enjoy your life only if you are cultured.

In short, education should be you primary target, not the money.

Davian144

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Quote from: Phoenix_PROG on December 21, 2020, 03:57:10 AM

Millions of dollars is enough for my life time in this world, you can do everything you want, a Ferrari costs less than a million dollars and you mentioned millions of dollars lol, I can invest in every God damn investment plans in the world today, real estate, bitcoin, acres of lands etc and of cos I will help those in need and also have a good plan for my family

Yes, millions of dollars is a very large amount and it will be very rich if someone has it, because with millions of dollars in our hands, we can plan anything according to our own wishes, because it is not a small amount in my opinion.

Phoenix_PROG

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Quote from: hawaii88 on December 14, 2020, 08:59:48 AM

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 ?

Millions of dollars is enough for my life time in this world, you can do everything you want, a Ferrari costs less than a million dollars and you mentioned millions of dollars lol, I can invest in every God damn investment plans in the world today, real estate, bitcoin, acres of lands etc and of cos I will help those in need and also have a good plan for my family

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Quote from: hawaii88 on December 14, 2020, 08:59:48 AM

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 ?

If I happen to be in possession of such amount of money I would definitely invest about 50% of it into bitcoin cause it's a limited asset, once there are no longer new bitcoins to mine, the price of bitcoin will definitely skyrocket in the future, it might even double or triple my investment, then I would use 25% of that money to invest in new potential projects, then the remaining 25% will remain in a crypto but in a stablecoins like USDT, DAI and USDC.

Noctis Connor

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Quote from: xSkylarx on December 20, 2020, 10:27:25 PM

Quote from: Hamphser on December 20, 2020, 06:43:43 PM

Quote from: hawaii88 on December 14, 2020, 08:59:48 AM

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 ?

Not all would be put up in bitcoin if I do have a million dollars of cash.It would be diversified on different investment.

-Gold
-Crypto
-Stocks
-Physical type of business
-Savings -Time deposit

I wont really be risking out on a single place.Just want to play safe.

Same for me. As they say, don't put all your eggs in one basket. If crypto or bitcoin crashes, then you would feel depressed because you didn't diversify all of that money. Imagine if you're one of those people who invested on 2017's ATH. They just recently recovered their loss after 3 years of hodling if they didn't sold it yet.

Its true if you put all your money into crypto currency and then price suddenly drops your millions will become hundreds it's really annoying when that happens and yes if you invested in that era when bitcoin price is not that quite high then you become millionaire if you have the good mindset to hold that long, Not all are interested in gold and not all are qualify to invest in gold stocks market are good also with small business that are popular with people to reach your monthly income and to support with your daily basic with financial bills with in a month.

xSkylarx

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Quote from: Hamphser on December 20, 2020, 06:43:43 PM

Quote from: hawaii88 on December 14, 2020, 08:59:48 AM

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 ?

Not all would be put up in bitcoin if I do have a million dollars of cash.It would be diversified on different investment.

-Gold
-Crypto
-Stocks
-Physical type of business
-Savings -Time deposit

I wont really be risking out on a single place.Just want to play safe.

Same for me. As they say, don't put all your eggs in one basket. If crypto or bitcoin crashes, then you would feel depressed because you didn't diversify all of that money. Imagine if you're one of those people who invested on 2017's ATH. They just recently recovered their loss after 3 years of hodling if they didn't sold it yet.

dady12

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Quote from: hawaii88 on December 14, 2020, 08:59:48 AM

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'd diversify my portfolio. Perhaps, half of it or less I'd invest in crypto.
Other half in low risk investment tools suhc as fonds, foreign assets, perhaps stocks to some extent.

Hamphser

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Quote from: hawaii88 on December 14, 2020, 08:59:48 AM

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 ?

Not all would be put up in bitcoin if I do have a million dollars of cash.It would be diversified on different investment.

-Gold
-Crypto
-Stocks
-Physical type of business
-Savings -Time deposit

I wont really be risking out on a single place.Just want to play safe.

Yatsan

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If ever I will be having lots of money, most of it will surely gets into investments, businesses and other things that can enable me to earn money and broaden my earning opportunities because at times like this that we are facing lots of situational crisis, needs are more important to be catered rather than leisures. You can spend some for your wants but still it is important to always care for the sake of your future so you must establish things that can make you earn money rather than those things that will just keep you on spending money. You must be responsible on thinking about how to manage your money so it is much better for me to put it into investment and businesses and just some for leisure activities to pamper myself.

oHnK

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Quote from: pixie85 on December 20, 2020, 04:41:58 PM

just a thing screaming that I'm rich to random people that I drive by.

For us, when we have a lot of money, maybe all we think about is investing, but for most of the rich people when they have that amount of money, they think of buying their social class by using luxury goods like ferarri. Maybe most of us think as investors because we are still in the growth stage, not at the top level, so the most likely answer will be to buy Btc on the grounds of long-term profits.

pixie85

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It's sad how you all think of Bitcoin in terms of fiat money. I don't live in the USA so I won't ever have cash.

If I had a million dollars now I wouldn't even be able to spend it because I'd have to go to a bank first and exchange it and they'd probably call the police on me if they saw me walking with a bag of foreign cash like that. Grin

Regardless, if I ever have a lot of money because Bitcoin reaches 100 thousand dollars or something, I won't spend it on cars that's for sure. Why would I even want a Ferrari? It's expensive to fix if anything breaks, it's small and uncomfortable for long drives, just a thing screaming that I'm rich to random people that I drive by.

Issa56

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I will definitely love to invest in Cryptocurrency I can't just spend all my money on luxury I will definitely like to invest in bitcoin!!!

Betwrong

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As of right now, when BTC is above $23k, it's not the best time to invest in it, imo. However optimistic we are, few of us here believe that Bitcoin will never go below $20k again. So, if I had a million USD, I'd wait until BTC drops to $17k, and then I'd definitely buy it with half of the money. And I wouldn't buy a Ferrari with the second half, I'd rather be living from it until my $0.5 million invested in Bitcoin turns into $1 million.

FlightyPouch

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Quote from: hawaii88 on December 14, 2020, 08:59:48 AM

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, we will be choosing to invest our money in either crypto currencies or other assets. We could buy those Ferrari high-class cars or other luxurious and lavish cars in the future, even multiple cars if needed. The investment would secure your future, your life, and your family, cars can't do that, it might even bring you to your own death.

Topic: which will u choose to buy - page 7. (Read 1922 times)