Bitcoin Forum

Just wondering what you guys would do if 1,000,000 randomly appeared in your Bitcoin wallet and you could spend it on what ever you wanted.

I think this is the most important thing you can do. Make sure it is secure first.

Next, buy whatever you want or think you need, make sure you don't have a mortgage anymore, make sure you are set for life, just in case bitcoin goes poof.

Not just "sell" your Bitcoins, but come after you and try killing you. This is quite a huge sum at the moment and it is only going to be worth even more in the future. I guess that my plans wouldn't be much different than those with a equivalent amount of cash (aside from investing that cash in Bitcoin).

However, you are right. The first step should be splitting it up as much as possible and securing as much as possible. Just imagine the horror of seeing a outgoing 1 million Bitcoin transaction?

they are too much for me, i would organize the biggest raffle ever with 100k bitcoin total for a giveaway, 1 for every user, but to avoid abusing he should identify himself with a video and his username(he can cover his face for privacy)

i would simply keep the majority, and spend very little

Keep them and spend some to make my parents happy lol :D

I think a video with the face covered doesn't prove his identity :)  (videos can be easily manipulated) ;)

send 999,000BTC to a cold wallet and use 1000BTC to slowly convert to fiat or spend raw and enjoy the luxuries

Something like that. Mining Bitcoin at home at this point would feel pointless. But i think i would still start a Data center and start up other ventures, probably start a ASIC business for small miners. Build animal shelters and buy tons of sushi. :)

it's very hard to manipulate a video without no one disovering it, and i have no other idea in mind, to avoid abusing, it seems impossible

You want to limit to one person per entry by limiting to one identity per.

One way or another they need to use something related to their identity which is private information. The only way to go about this is use a mediator, a 3rd party that will verify the unique identity using something like a driving card license and only tell you who has a valid entry.

I just go back to my homeland and just be a Hotel owner and buy some houses and rent it.

Too much money, I would be perfectly content with 1% of that ;)

First at all i will check x2 if im not dreaming :)

After it, i will split them, spend some of the bitcoins because in real life i really need it, but only few of them, after it, i will giving away some of them to my friends and people who really need it, and hold the rest.

I dont need lot of money to live in peace, but need a little bit of money to made it real ;)

Well to be honest, the first thing come into my mind is to transfer it to my bank and use it to earn long term interest from it which if the money stays for 5 to 10 years, due to my country's high bank interest, I could earn 23 to 25% interest rate monthly which is going to be great  ;)

i would convert it to gold and then quit my job because i can live without working with this lots of money

If this happens to me I'm sure that for the next 24 hours I will just be staying and looking at my wallet not believing it and I probably will smoke so much cigarettes while watching it, that my lungs will collapse and I will die quickly after that :D Well if I don't DIE that day I will probably sell a third of the coins / convert them to fiat and then put the money on different bank accounts just to stay there and I will profit from the interest. The other third I will use to spend on my daily activities maybe - buying some nice stuff that I wanted, going to vacations around the globe etc. and the rest third of the coins will be on a cold storage for bad times :)

Your country's high bank interest is due to the high inflation. So the fiat will devalue very fast.

It is better to hold on to the bitcoin. When you need to purchase something, use the bitcoin directly if possible or change the bitcoin into your local currency.

I would slowly sell it off and eventually buy my own private island.

1M BTC... That's the estimated number of bitcoins that satoshi have, and he is keeping the bitcoins, neither selling it nor spending it. I would do the same as what satoshi does: that's keeping it and do nothing.

First i would put half of it to cold wallets. With rest i would slowly start buying real estates, gold and fiat. After few years when most of job would be done, i would spend few years on try to make this world better place for everyone not just for rich elite (in that time coins would be worth whole lot of money so most possibly i could do little change).

1,000,000 bitcoins randomly appeared in my Bitcoin wallet ? well thats not gonna happen

You could find ways to live a luxurious life even just on bitcoin with that much. There are bitcoin accepting companies everywhere, you'd have enough spare time to research them so you'd never need to touch fiat again {evil laugh}

Heck OP, what would I do? I would quit everything, my job, my studies. I would move to an exotic Island and start a new life there.

Yes, I would probably give 5 - 10% of these bitcoins to the humanitarian organizations, just to share wealth around, the same way I got it! :)

I would probably give very large portion of it to people who don't have Bitcoin. I would still keep something for myself and maybe buy something nice like a house for example.

well I had 1,000,000 bitcoins. the first thing i would do would be to convert that to fiat. i would have to do that without hurting the current market. so I'd sell around 50 coins a day for the next 55 years. then i would have a ton of money in both fiat and in digital cryptocurrency, so I'd buy anything i want.

I will probably spent them slowly, paying for things in life, removing myself from the anxiety of having to work in order to pay my bills, and allowing me to be generous in a day to day basis with people around me.

But no big expenses, at least not too big. Quiet life, blessings others with the blessing received.

The same thing I would do if I suddently won 100$ million lottery. Not tell anyone shit. Not even my friends, I want friends that like being around me for who I am, not what wallet I control. :)

I think I would sell 100K coins to buy myself a nice house. And with the rest I would spread it into plenty of wallets with 1000 bitcoins each. Holding them is the better option as you'll get richer and richer in the future as the importance of Bitcoin will continue to grow.

Setup a BTC mine lol.

setup a mega mining farm :D

can't imagine in my life and too much money but I could go crazy before i spend it because everyday i'm always thinking to fear of losing all the bitcoin and too confused how to spend it ;D ;D ;D

Its something impossible in my imagination. But could be in a dream, i will use a part of them to introduce my friends and to the bitcoin economy, also invest in new projects of bitcoin economy.

Buy 100 gold chains.  ;D

2 chainz is that you? Need more for your collection?

First I will praise the lord for having this bitcoin. I feel very very gratefull for knowing bitcoin since last year until now.
Ofcourse I will use it for my education and repaid all my parents debt for me also helping them either.

I would trade it all for Casinocoin CSC and gamble it all away
Good question :)

donate alot - charity and to help bitcoin.

I would seriously buy an island and try make my own law free land.

I would definitely securenit in anyway. Will make a transactions with it.. If that could really happen to me then that would be a life saver because that will help me to restart my life and for once do something right with it.. ;D
If someone would want to get it back tho then I will give it but the person has to prove that the coins is really for him. Tho in a case that it just miraculously apeared jn my wallet given by some kind of bitcoin God, Consider the first few sentences in my post is will be the answer. ;D

I will sell them in the exchanges and crush the prices so that everyone may buy cheap coins once again.

Wow, the Robin Hood of bitcoin everyone.

I'm pretty sure people are doing that as we speak, just that except others buying cheap coins, they buy cheap coins.

Rinse and repeat.

Well I would first jump up and down yelling YES I'm RICH!!!!!!!!!!!!!! Hahahaha. After that I would then transfer the money to a few different wallets. I would cash out a large portion of it to U.S. currency so I could take care of all my debits, after that I would buy a nice house, nothing crazy but nice, a nice car and do some traveling around the world. Since I would have numorous wallets with bitcoins in them I would try and use them whenever possible to save my in hand cash. I would also put a decent amount in a very safe wallet and save it to a secured usb device which I would then store in a safety deposit box inside a large bank.

I buying house and remaining bitcoins hold for the future:-)

I would create a faucet where people can get 1 Bitcoin each time. I know it'll crash the market anyway but it'll be so fun to watch.

I would sell some bitcoins and buy a big house a car and help some people who need financial help.

I would move to Japan and but a lot of prostitutes just like Mtgox's Mr. karpeles. :)

Yeah was pretty impressive watching the price go to 400USD and then crash 10% momentarily. Make me worry that this price raise is just a big market manipulation for something like the Chinese and that the price won't hold up there.

Haha burn.

I would probably move to costa rica and run a large organic fruit farm, that is my passion and it probably would not even be that costly.

so you would kill the coin so everyone can "buy cheap" again?
you know this will kill bitcoin, not gain more interest lol

Yeah it would be like dream come true. Difficult to believe that I am the owner of 1M BTC.. ;D It would surely take me few days to accept the reality that I am holding this big amount in my digital wallet and keep on refreshing my mind that whether it is a reality or a dream and then surely would buy some luxury car and apartment and would travel across the globe.  :D

Divided into batches of 100000
Change slowly 500,000 using platforms Swiss or Cayman Islands
Use profit 500,000
20% invest in a porfafolio created by me
remaining 80% share in currencies, works art, fine wine and gold
wait 24 months and invest in real estate

haha~so funny,you are humor!

Unfortunately, you do not have the 1 million coin. If the price is too low, nobody will be interested in bitcoin any more. It will kill the bitcoin. We want to price to rise, but very slowly. 10-20% a year is fine.

That are the best event on my entire life if this do happen.

First, I will try to help my parent by build a restaurant and I can manage with my own. Also donate some fund for my trusted charity. Being glad to know bitcoin could help this kind of opportunity

HODL

I would retire. Buy a house on the beach and chill out