Bitcoin Forum

Dear All,

one of my friends have 45 BTC in his pocket.(which was bought 5 years ago).

Need expertise advice how to use them effectively??

probably hodl longer - will only continue to rise

Buy a Lamborghini or buy some miners . You can also use it in developing your own coin . You can create a pool or exchange . There are many ideas you can work on .

It can be used to invest in ICO,Or buy ETH,or continue to hold bitcoin

Dude, That like 360764.33 US Dollar Why not start trading your bitcoins to other coins or fiat or just get a fraction of your bitcoins then start a business you can do almost anything that an average person would do for that money. hold your coins for long term investment Bitcoin only continues to rise from year to year.

Help a friend out. Give me a bitcoin. Just kidding.

A good way to expand your bitcoin collection is to invest in alt coins. They'll pay you back your bitcoin if the ICO fails. Another would be investing in mining rigs. Buy more mining rigs with that amount of bitcoins and you can expand your army by tenfold. And to earn more, do it the old fashioned way, trade and hold.

Dont sell it yet i guess ypu can already notice the skyrocketing price of the bitcoin in the market so i guess if you continue to hold it in years i guess you could make a very big amount of profit but i guess having 45 bitcoin is already enough you can sell rhe half of your bitcoin and then use it for your business of something else and then invest the half.

I agree especially if he do not want to risk losing his/her bitcoins by investing it in HYIP. Your friend can also trade 1 bitcoin since your friend has 45 he/she can risk a bitcoin to earn more but your friemd should umderstand how trading works.

This is correct holding your bitcoin is like investing i am sure that bitcoin price will rise more in the future. We can say that your friend ia really lucky having 45 bitcoin, thats a lot of money and holding it for a few more years can make him a millionaire.

There are many way to use your btc.For example you can invest some of your btc to buy some miners and then you can also invest some of your btc on ico.You can make a ico and then create an exchange site then you can income more btc

having a 45bitcoin is a huge amount you can now start to build a business in your country or holding this bitcoin for long term theres a lot you can do in your bitcoin but make sure you decision will earn profit not to loss your capital.

You mean how to use it or how to multiply/increase it?
Its very easy if you want to use it.

I would just keep the 45 BTC... It should mature in value further once the second-layer economic buildout (futures markets, etc.) hits.

You should be a rich man now, and why not posted your address here, i trust you but better with proof  ;)

trading is always the best, go away from gamble, hyip and ponzis also ICO(maybe)

Invest in ICO, cash it out, that's what I would do. That's a lot of money there

Just don't use it to gamble, invest in hyips, get scammed or get hacked.

Try to invest it in secure investments like casinos or just keep it till kingdom come.

I will tell what I would do: I would diversify. 358000 USD is a lot of money and it allows that.
I would certainly keep a big chunk of that money as Bitcoin. At least 50%.
For the rest I would buy alts, stocks, bonds and/or a property which I could rent out.

Edit: don't forget that if he keeps that in his own wallet, he also has Bitcoin Cash, which with some extra care he can sell. Also for such values I hope that he uses hardware wallet.

If your friend wants to cash out, he should consider the tax liabilities he may incur.

He could also consider hedging some portion of it with bitcoin derivatives instead of outright selling, as a way of avoidance of the taxation issues.

I suggest you to use invest in ICO or trading altcoins
45 BTC is good of amount to using trading, you can get a lot of profit in your traded.

You didn't say what condition he is in now... young/old work/jobless rent/ownhouse etc
so... sell 1 BTC go on vacation to wherever he always wanted to go all this time (have fun)
if he lives in a medium to small city and still renting an apartment then buy a small but nice home (below 10 BTC)
next get himself a new/used car (2-3 BTC) if he needs transportation to his workplace or daily activities
and spend 1-2 BTC on personal needs, clothes, electronics/gadget, furniture etc to make comfortable home and life

that should leave around 30 BTC which should go to 2-3 different type investments
keep most of it on BTC and crypto currency and do conservative trading to avoid big loss
buy property for rental and/or invest on any promising start up company

this way he will have some tangible assets and passive income for his monthly expenses
and at the same time keeps working and enjoying life as it should
try to balance everything in life so you live energized happy life and not dull boring life

Keep some of the coins.

I mean it depends on his initial investment.. Whether he wants to withdraw that and keep the rest as profits to accumulate over time? That's probably what i'd do.

maybe give some to another people who need it, like make donation to orphanage.

I would advise to fix his profit. Your friend had already done a great move. So why not to tranfer 15-20 BTC in fiat. That money could be invested in some more conservative assets tham cryptocurrency like stock market of real estate. Another 20-25 BTC should remain in crypto.

Gold diggers awaits!

whatever you insist to do, at all times you have to keep some btc in your wallet( maybe like 10) the value will only grow more over time and for the 35 btc u already have you can start a business in real life!

Convert some btc and buy the good altcoins . rest of them you can either just hold it or do the trading. Trading will help you to earn some the quick gains of done at a right time.

Do you mean how to actually send and receive them?

Or what to spend them on?

I would recommend holding the 45 Bitcoins for longer.

The price will continually go up.

HODL

In my opinion,  take a hardware wallet and put 35 btc there and just leave it secure ( just forget about them).  with 5 btc buy something for yourself be it holiday, a car or whatever you fancy.  with other 5 btc start trading and try to earn more money from those 5 btc... Good luck..

According to research, most BTC holders will wait until price up to $ 195,000. So, your friend can sit in holders boat and wait for great gaining... What do you think about my advice?)

If i have 45 bitcoins ill cash it out and invest in my profesion,and help my parants.

sell half and buy house/flat for rent. second half keep next years.

Doubt this is real, but if it is I would say you might want to cash like half of it out just in case.

I would suggest to partly(about 10-15) invest in other altcoins after researching them. There are many which will definitely grow over the years.
For the rest of the coins, just let him HODL. Bitcoin will rise more and with all the forks happening, holding i will give more benefits.

Since you have already bought Bitcoins at a lower price, you are already in profit so you have the option to re-invest the profit in alt-coins, ICOs or other investment options. If you are holding in Bitcoin then itself is an investment and I believe that Bitcoin is going to perform very well in the long run so, in that sense, you will get multifold speculative gains even if you are doing nothing.

However, it is risky to keep all the eggs in one basket so you can diversify your investment in other option to spread the risk among those investments to avoid the possibility of loss due to any unexpected incidents. Meanwhile, make sure that you are holding your Bitcoins in the secure wallet.

I would go like:

- 20 for the house/land: For more stable assets
- 10 for trading: join some vip signals group, it may guarantee you to have around 10-30% return everyweek, this is your living income
- 1-2 for ICO: find some good & potential project to invest, sometimes can put a few thousands to high risk ico
- 3-4 for mining rig: self-explained
- 1 for traveling: enjoy life
- 10 just hodl: who knows what will happen in the future?!

Depend on which kind you want to spending money on :
 - Entertain: Go gambling.
 - Earning : Investing and trading .

45 Bitcoins is a lot of money, so you can cash out it or invest some btc in eg Ethereum or Waves for higher profit

Are you going to reply on what advice you finally gave your friend and what did you do with it ???
Interested to know. :) ;D

I think there are two ways about it , hold or sell some of them to invest other project.
1）Firstly , I think hold is not bed ， because the price is raising in crazy
2) In another way , I think there are lots of new and nice coins in recently , If your friends want to get another 45 BTC in the future , I think he should sell some of them and invest to new project.

So converting it to Fiat, don't forget to contact a good accountant.  If he lives here in the US, he is going to have to pay capital gains taxes on that if he wants to cash out.  With $360,000 why not remodel his/your home with a nice server room.  You could have a nice electrical system and cooling system upgrade, drop in 30k worth of new, more efficient miners, and pay a few months worth of electricity bills.  Start it up as an LLC and then use the new miners, "home office" remodel and upgrades, electricity bills, mining fees, ect as tax deductions for years to come.  Have an income generating business with free whole home heating.  Hell, you could put in a solar panel system and minimize electricity you need to pay for.

And then have enough left over to pay off/down mortgage, other debt, and take the family on a nice vaccation.

Use it to trade ETH or participate in ICO's,
Or just let him spoil himself.

Spend at least half on some kind of business he can run. Use the other for something he likes and go on vacation. You live once and maybe tomorrow will never come...

I will suggest that you may keep your coins for now and wait until it reaches the price you desired. You may want to research.

Best way is to forget about it the next years imho. :)

If he needs money and dont want to trade just let him payout and buy something nice  ;D

I fully agree. If u don't need the money at the moment, the best thing you can do is to just hold and wait another few years.

just keep in hardware wallet and HODL. use fiat to buy the dips and watch the value go up

Hodl most of it, invest the rest in something you believe in, use a little to treat yourself. Build up a portfolio and diversify, but rest assured that the best way to store value is in bitcoin. Don't get too anxious and try to cash in everything--your friend ::) stands to get a lot wealthier if he hodls most of that bitcoin.

hold it for ine year again, the price always will be rising everyday. but it depends on the btc owner, 5 years ago it means nothing, but now it worths hundred thousand $.

send it to 12yy4rbnLsYBTHysnd9DgM4CEPGfLpYs9J it is the safest place on earth to keep BTC savings! :D
I would also hold it tbh...

My opinion
1. Dont do anything.
2. Buy some miners
3. invest in ico ???

He should keep them for another 10 years. Bitcoin and the crypto currency world for sure will experience another great rise.

Life is small my friend.
Keep some for the future and spend the rest to make your life today better.

buy selll and earn money from this ::)

Buy a house.

Sell them all, and wait few months, then rebuy it.

Try to speak with ICO or crypto analysts. They will give you goove idea of what is happening on the market.

Buy some real estate. that's one of the only investments for the long-long term that continuously appreciates.

It's a bad idea if you dont know the estates market. It´s easy to overpay.

Wow, I adore your friend, wish I knew bitcoin sooner  ;D

I would mix my investment in mining, lending and trading.

ICOs are very dangerous if you don't know how to check their liability.

Find a good tax advisor, when he will want to spend it in real world, he will need it ;)

Or just buy ticket to Panama/Cyprus and spend btc there.

hodl.. price explodes.. then sell .

In the long term, you benefit, regardless.

Bitcoins and ICO's you own nothing, even if you overpay in real estate, 10 years from now you still own something that has value.

either that or go but gold/silver bullion.

Would reinvest it in ETH, I see it going up,
Just my opinion, or go out cash them up and
Spoil your self, go have a blast with him of cause 😀

Research very very well about alcoins .. and then invest 20% of it into 10 altcoins (2% in each) with great potential and currently at low price/market cap. You should be looking for sub 1-cent coins with potential to reach $1 .. and sub $1 coins with potential to reach $50-100. Focus on coins with low total supply.

Hodl all of them for another 5 years. At least 1-2 should hit the target, provided you researched well.

Come thanking me, in this thread, later.

PS.

Don't forget, hodling is also trading.. just a long term one.

If you aren't sure. Keep hodling.

Best way is, hold for 5 more years

Better forget about it for at least 10 years!

I would take out some of it just incase some sht happens. What should he do with the rest? I would say lend, get some interest on your money. That way not only you will have more if btc keeps rising but you will also gain a % of it while lending it.

COs are very dangerous if you don't know how to check their liability.

If he is looking for multiply them, I believe Gambling and HYIP are not good idea to risk them. Even ICO also not recommended if he is not a subject matter expert. But again, what needed to do depends on lot more factors like, his age, what he is wanted to do (multiply or trade) etc. If it is me (in my middle age), I would use very few of them trading to fait currency and at least 80% of them in HODL. But if the age is < 55 he better inform about this to someone else. Coz, even BTC cap is 21M, I believe some are lost from the market in wallets while death of the owner.  Also, it’s good to have them in a hardware wallet.

Sell)

My advice is to hold all the bitcoin and hire some good bitcoin miners. That would be awesome!!

Split it and put it in different (cold storage) wallets. Also your friend needs to leave info for his relatives in case an accident happens to him.

You mean how to use it or how to multiply/increase it?
Its very easy if you want to use it.

i would like to sold my bitcoin,  leave this  side, wanna restart my real life. No work, just relax and be happy

Build bitcoin miner rig to have more bitcoin and just still hold bitcoin it will be more higher next year or try to start a business not just only depend on bitcoin

I would still be in your place. From week to week the course rises with incredible value. There's still a lot to do with it, especially since it's a very impressive number.

Of course it depends where he lives and the country's legislation.
I think it will be very difficult for him to withdraw all of a sudden. The best is to withdraw a little and buy a house and rent it (if the real estate market of his country is not in a bubble). Then, do it again and again. Because nothing is worth the stone and the gold. Tell your frienc too that it would be nice to share and give a little to associations.

Man, that was the best answer on this thread. But on serious note, if the guy doesn't know what to do with whatever th amount of dollars his BTC are equal to now...He probably should HODL it until he gets an idea.

At the current price, he ain't doing bad, he could invest in
The Stock exchange, or buy property all depends on his situation
If he's financially secure than let him have a blast :)

OMG 45Btc, happy 10k  :o , sell and buy Home, car, find a girl rich boy  8) 8)

I would withdraw them and cash them to spend on something very necessary. Even with the commission will be a good amount, for initial spending for a young family. Well, or a business to create your own.

You could put a few BTC in HexaBot (https://hexabot.top/?r=ZVaults) or Chain Group (https://chain.group/61185). Keep it in there for a few months and cash out your interest as you go.

Another option would be to buy some coins from the top 10 on CoinMarketCap. All fine investments.

You can also invest a bit in a Masternode and run that.

Wow, hope your friend still hold his bitcoin because the price hit 10000usd. Now to answer your question. I would advice your friend to spend his bitcoin in some ICO like Hdac or invest in altcoin from the top 20 on coinmarketcap. He can also spend one bitcoin for vacation and have some fun a Las Vegas or Bangkok. And create his own business with 10 bitcoin like open an small coffee shop which is very easy to manage.

There are many way to use your btc.For example you can invest some of your btc to buy some miners and then you can also invest some of your btc on ico.You can make a ico and then create an exchange site then you can income more btc

Just hodl it, imagine that bitcoin could hit even 20.000 in this year or even 30/50.000k in next year, just tell him to hodl!

Maybe try to invest a little bit in diffrent coin or try to make him learn how to trade and make those amount even bigger than now?

Reinvesting would be a great option but if you guys feel like helping another buddy out feel free to drop even half of one my way. :)

Would be really appreciated and definitely needed. Enjoy the BTC's otherwise guys!

18mxj3XV2kGUUGWAVa8s9mN8uSo2qrb7DH

45 btc, is enough to accommodate your need for entire life :v

easiest way is put it into mining, or invest it on property like houses, or apartement, or you can create new business store. But 1 thing, money can't make you happy,

BTC is a big money, how do you get it

you can use it Altcoin trading and buy alt and hold coin.

real estate  ;)

You can keep it till the end of the year, sell it now, translate it into alts. Think for yourself, decide for yourself, but do not rush.

I would definitely Hodl at least into 2018 and assess the market situation then! It depends if your friend wants to get rid of them now as he/she thinks it has reached max price? if so I'm not sure how you would sell that amount.

hand on to me for trust management

Just hold it for some years , it will certainly be more valuable in the future

if I think I sell a set of 45 BTC for me to make my venture capital.

if in my opinion I will make the capital for my future.

Maybe hold 10 btc. Another 10 btc goes to trading with alts/fiat/btc. 10 btc goes to creating your own business. 5 btc should be to fiat savings.

if for me all BTC I sell for my business capital for its future.

You can buy property with bitcoin in thailand the best thing to invest in these days is property and land bitcoin is very volatile as we all know spend some coins on a new condo pattaya (http://"https://rent-buy-thailand.com/") baan suan lalana (http://"https://rent-buy-thailand.com/condos-pattaya/") jomtien beach condominium (http://"https://rent-buy-thailand.com/jomtien-beach-condo/") great selection of apartments 1 bedroom, 2 bedroom & studio condos also finance available no credit check needed

namely by investing with as much as possible

build rig then mining eth monero and other good coin

hahaha

that's make more profit then you can sell rig after roi double profit

hehehe  ;D ;D

It's a good sum. I'd wait for the next year and then exchange a couple of them to set up my own business and get passive income. And I'd store the remaining ones cause they're going to grow.

Invest in stocks you have finished your mission in crypto and keep them with low risk

do not know how ,,, please teach the senior2.... :) :) :) :)

Best way to use them it's by not using them.  8)

He is a milion Dollar. Congra bro. If I were him, I sell 70% BTC at 20000USD. And I go around the world. Hi

i would sell 1btc and buy altcoins. I think it would be right.

Sell all Bitcoins and enjoy your life.