Title: If you had suddenly 500 BTC Post by: Curious8 on July 03, 2016, 05:38:28 PM How would you transfer the btc to your bank account without making the Banks / OECD / ask questions?
And even if you get cash from localbitcoins someday the efforoties may ask you from where this car or how you bought this house.. What would you do ? Title: Re: If you had suddenly 500 BTC Post by: Adriandmen on July 03, 2016, 05:43:40 PM Maybe in portions of 5 BTC?
Or just throw in into a tumbler and just cash out. What are the banks going to do about it :P... Title: Re: If you had suddenly 500 BTC Post by: cryptoheadd on July 03, 2016, 05:44:17 PM How would you transfer the btc to your bank account without making the banks / OCED ask questions? Why would you want to convert those BTCs to fiat? Just buy what you want with Bitcoin. :) Title: Re: If you had suddenly 500 BTC Post by: Divinespark on July 03, 2016, 05:45:54 PM Localbitcoins into cash via many f2f deals with different guys. Then slow introduction into economy through gradual spends. I would not move the money into the banking system at all
Title: Re: If you had suddenly 500 BTC Post by: OmegaStarScream on July 03, 2016, 05:48:34 PM There is different possibilities , It may be a huge amount but If you split them you will be just fine.
1. Selling some hand to hand with someone from LocalBitcoins 2. Adding some to different Bitcoin credit card providers (some to CoinsBank , some to E-coin , some to Advcash) and withdraw. 3. Trade some to your Paypal and withdraw them to your Bank account. etc... there is a lot of possibilities honestly . I would worry more about getting 500 BTC in the first place rather then worrying about how to cash them out. ;D Title: Re: If you had suddenly 500 BTC Post by: Sir Alpha_goy on July 03, 2016, 05:50:40 PM Good luck.
So much for a new paradigm when you still need the old paradigm to use it. Title: Re: If you had suddenly 500 BTC Post by: n691309 on July 03, 2016, 05:50:58 PM How would you transfer the btc to your bank account without making the banks / OCED ask questions? Hiring 250 people and then send they the money to you but it will still be noticeable if this happens at the same time with the same amount of withdrawal to the banks. Maybe buying something else withdrawing time by time not all in once etc. Title: Re: If you had suddenly 500 BTC Post by: Curious8 on July 03, 2016, 06:01:45 PM How would you transfer the btc to your bank account without making the banks / OCED ask questions? Hiring 250 people and then send they the money to you but it will still be noticeable if this happens at the same time with the same amount of withdrawal to the banks. Maybe buying something else withdrawing time by time not all in once etc. This is not smart at all. too many people work with you, easy to track you down. Title: Re: If you had suddenly 500 BTC Post by: hawkins on July 03, 2016, 06:03:11 PM it would be very surprising. I guess I would be a rich man, 8) Well, if I suddenly have a bitcoin that much, I'll probably build a business everywhere, so that I can live with ease, but my income keeps going. it was the best thing I can do
Title: Re: If you had suddenly 500 BTC Post by: n691309 on July 03, 2016, 06:21:55 PM How would you transfer the btc to your bank account without making the banks / OCED ask questions? Hiring 250 people and then send they the money to you but it will still be noticeable if this happens at the same time with the same amount of withdrawal to the banks. Maybe buying something else withdrawing time by time not all in once etc. This is not smart at all. too many people work with you, easy to track you down. Well I don't know what is the source of these bitcoins but if it is legal then i wouldn't worry to much. Maybe up to 3k per person should not make your bank ask what you are doing or anything else. You can sell them for cash locally in your city or country and not being noticed. Also you can buy hardware things and then resell them. Title: Re: If you had suddenly 500 BTC Post by: devil11 on July 03, 2016, 06:29:29 PM How would you transfer the btc to your bank account without making the banks / OCED ask questions? Hiring 250 people and then send they the money to you but it will still be noticeable if this happens at the same time with the same amount of withdrawal to the banks. Maybe buying something else withdrawing time by time not all in once etc. This is not smart at all. too many people work with you, easy to track you down. Well I don't know what is the source of these bitcoins but if it is legal then i wouldn't worry to much. Maybe up to 3k per person should not make your bank ask what you are doing or anything else. You can sell them for cash locally in your city or country and not being noticed. Also you can buy hardware things and then resell them. The best and safe from all is that you should buy some things like computers accessories, mobiles etc. if you like it. Then sold it locally. And the remaining you can transfer to your bank account and cash it out. Also you use it in trading if you want to grow your amount. I think so you cannot now be noticed by anyone except from one whom you told this ! :) Title: Re: If you had suddenly 500 BTC Post by: Curious8 on July 03, 2016, 06:34:58 PM How would you transfer the btc to your bank account without making the banks / OCED ask questions? Hiring 250 people and then send they the money to you but it will still be noticeable if this happens at the same time with the same amount of withdrawal to the banks. Maybe buying something else withdrawing time by time not all in once etc. This is not smart at all. too many people work with you, easy to track you down. Well I don't know what is the source of these bitcoins but if it is legal then i wouldn't worry to much. Maybe up to 3k per person should not make your bank ask what you are doing or anything else. You can sell them for cash locally in your city or country and not being noticed. Also you can buy hardware things and then resell them. The best and safe from all is that you should buy some things like computers accessories, mobiles etc. if you like it. Then sold it locally. And the remaining you can transfer to your bank account and cash it out. Also you use it in trading if you want to grow your amount. I think so you cannot now be noticed by anyone except from one whom you told this ! :) But to sell in those stocks you need to be legitimate business and provide invoices.. this not good idea. Title: Re: If you had suddenly 500 BTC Post by: Zeta0S on July 03, 2016, 06:37:18 PM How would you transfer the btc to your bank account without making the Banks / OECD / ask questions? I would send it to the real Genesis Block (https://blockchain.info/block/000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26f) And even if you get cash from localbitcoins someday the efforoties may ask you from where this car or how you bought this house.. What would you do ? Title: Re: If you had suddenly 500 BTC Post by: Curious8 on July 03, 2016, 06:37:41 PM How would you transfer the btc to your bank account without making the banks / OCED ask questions? Hiring 250 people and then send they the money to you but it will still be noticeable if this happens at the same time with the same amount of withdrawal to the banks. Maybe buying something else withdrawing time by time not all in once etc. This is not smart at all. too many people work with you, easy to track you down. Well I don't know what is the source of these bitcoins but if it is legal then i wouldn't worry to much. Maybe up to 3k per person should not make your bank ask what you are doing or anything else. You can sell them for cash locally in your city or country and not being noticed. Also you can buy hardware things and then resell them. of course it is. isnt it weired that to many people transfer you money and your not business ? what you give them in turn ? in case of investigation the first thing to do is to investigate those people. Title: Re: If you had suddenly 500 BTC Post by: bitbunnny on July 03, 2016, 06:44:57 PM If I suddenly had 500 BTC then I suddenly would be very rich. ;D This is not very likely to happen but would have very serious thaughts what to do with that amount of Bitcoins, how to invest the, how to spend them, how to make the profit even bigger. I would be very affraid not to get hacked or not to make bad decisions and lose them.
Title: Re: If you had suddenly 500 BTC Post by: socks435 on July 03, 2016, 06:45:22 PM Honestly for me if i had 500 btc its very difficult to withdraw it because they will ask if where did i get that huge amount of money..
but i think many credit card here like bit-x coinbank are offering that you can withdraw it and transfer to your bank account.. without any hassle.. Also if you can trusted someone you can convert your bitcoin in to paypal instead.. and withdraw it.. but for me its risky because its a huge amount of bitcoin anytime they can reverse the payment.. Title: Re: If you had suddenly 500 BTC Post by: dragonusa9 on July 03, 2016, 06:48:26 PM if this really happened, that i will hold it and sell it when the price rise. manage it and maintain to earn more than only 500 BTC. investing 400 BTC and giving 10 BTC as charity is not so bad to do ;D
Title: Re: If you had suddenly 500 BTC Post by: Barbut on July 03, 2016, 06:54:33 PM How would you transfer the btc to your bank account without making the Banks / OECD / ask questions? And even if you get cash from localbitcoins someday the efforoties may ask you from where this car or how you bought this house.. What would you do ? I would find a way to transfer money into bank account, that is not a problem. Maybe I will need some time to finish that, but it would be done in a month or even sooner. Second thing is a bit confusing for me, why would I hide where I got the money? Since I got into btc world I`m telling people around me for this, and many didn`t even hear for bitcoins. Anyway, I`m talking how btc is the future, how we will use it one day like any other currency. I`m talking how its growing, how I`m earning it.. and when I finally get all this coins why would i hide it? I think people around me will finally see that someone can earn from btc, and that is a good sign for future. I think I would buy a car and put a BTC on every door, so anyone who see my car will know where I got it. And everything else will have BTC sign. Title: Re: If you had suddenly 500 BTC Post by: bitbunnny on July 03, 2016, 06:58:29 PM Honestly for me if i had 500 btc its very difficult to withdraw it because they will ask if where did i get that huge amount of money.. but i think many credit card here like bit-x coinbank are offering that you can withdraw it and transfer to your bank account.. without any hassle.. Also if you can trusted someone you can convert your bitcoin in to paypal instead.. and withdraw it.. but for me its risky because its a huge amount of bitcoin anytime they can reverse the payment.. I agree, Bitcoin debit cards are good ways to withdraw the money. Although I think that they also have some obligations related to anti-money laundering laws and policies. But you don't have to withdraw such a large amount at once. Title: Re: If you had suddenly 500 BTC Post by: outatime1 on July 03, 2016, 07:00:37 PM I would most likely transfer to an exchange like coinbase and then send to my bank account. I would do it in small amounts of course because I don't really trust any exchange.
Title: Re: If you had suddenly 500 BTC Post by: helloeverybody on July 03, 2016, 07:18:22 PM Cashing out with a face to face transaction is your best and easiest bet if you don't want to raise any unwanted attention to yourself. Simply selling 1 a week directly into your bank account would be fine too as it would just look like weekly wages. If you wanted to go mental with spending then just get a bitcoin debit card. Unfortunately this isn't a situation in ever going to be in.
Title: Re: If you had suddenly 500 BTC Post by: smho_16 on July 03, 2016, 07:39:47 PM I would be very happy and directly I would have quit my daily job. 350.000 Dollars is a nice amount and with that I can live for the next 30 years without problems, life would be very beautiful if this happened to me, but I know it will never will so back to reality and to my mere small amount of coins.
Title: Re: If you had suddenly 500 BTC Post by: bearex on July 03, 2016, 07:48:01 PM probably sell them all, and try to live off the money :D
Title: Re: If you had suddenly 500 BTC Post by: zwanzig20 on July 03, 2016, 07:49:43 PM I would be very happy and directly I would have quit my daily job. 350.000 Dollars is a nice amount and with that I can live for the next 30 years without problems, life would be very beautiful if this happened to me, but I know it will never will so back to reality and to my mere small amount of coins. What would you do with your freetime then? Title: Re: If you had suddenly 500 BTC Post by: helloeverybody on July 03, 2016, 07:51:11 PM probably sell them all, and try to live off the money :D You'd be hard pushed to sell them all in a oner without drawing alot of unwanted attention to yourself. Also you could stand to make a whole lot more money simply by hanging into them. Title: Re: If you had suddenly 500 BTC Post by: raphma on July 03, 2016, 07:55:00 PM and why would you?
there are better ways to spend your bitcoins. but, if you really need to cash out TO YOUR BANK account, then i dont think there are other way, you will have to do it slow ::) Title: Re: If you had suddenly 500 BTC Post by: yenxz on July 03, 2016, 07:56:48 PM How would you transfer the btc to your bank account without making the Banks / OECD / ask questions? Little bit hard,i think banks will ask me about ckarification,its very big amount of money,but i will keep transfer with many banks account,spread money on several account.And even if you get cash from localbitcoins someday the efforoties may ask you from where this car or how you bought this house.. What would you do ? Title: Re: If you had suddenly 500 BTC Post by: Posum578 on July 03, 2016, 07:59:21 PM I will spend it, i will use it to get better life
Seriously if i ever have 500 bitcoin or i am the earlier bitcoin user and become millionaire i no need to work again Just having a nice time with my family Title: Re: If you had suddenly 500 BTC Post by: Jeremycoin on July 03, 2016, 08:32:46 PM I would do it slowly, I wouldn't just withdraw it to fiat with a sudden. I would probably withdraw 10/5 BTC first, and keep doing it every month til I can finally withdraw the half of them. Because I don't want to withdraw it all, I want to keep the 50% for a long investment for myself.
Title: Re: If you had suddenly 500 BTC Post by: gentlemand on July 03, 2016, 08:36:40 PM I would tell the bank where the money was coming from? If it's my property then it's my right to sell it and pocket the cash, not that I would. No laws are being broken.
Title: Re: If you had suddenly 500 BTC Post by: 1Referee on July 03, 2016, 08:45:15 PM I would prefer not to sell any of it, but just for the sake of answering the question- I will cash it out in several steps. Probably a few BTC per time. I have no problems with this taking quite a long time to convert all these coins to fiat. I just don't want to government to snoop from my money once again.
Title: Re: If you had suddenly 500 BTC Post by: Akupuniard on July 03, 2016, 09:08:09 PM It's a free sprot car and also easy house rebuild, if it happent to me it will be my luckiest day, but i don't believe on fairytails so i will keep working by myself.
Title: Re: If you had suddenly 500 BTC Post by: chaosknight on July 03, 2016, 09:16:10 PM I would prefer not to sell any of it, but just for the sake of answering the question- I will cash it out in several steps. Probably a few BTC per time. I have no problems with this taking quite a long time to convert all these coins to fiat. I just don't want to government to snoop from my money once again. Yeah transferring on regular basis will help you in keeping away from any controversies and would prefer to sell coins in small amount so my earnings with bitcoin would be safe. Title: Re: If you had suddenly 500 BTC Post by: Hugroll on July 03, 2016, 09:17:39 PM if i had 500btc, i would cash out slowly, aiming to not drive the price down. maybe 1 btc per day for like a year and then hodl the remaining 135 btc to give to my kids or something.
Title: Re: If you had suddenly 500 BTC Post by: Junko on July 03, 2016, 09:21:12 PM If I had suddenly acquired 500 BTC somehow, I would just hodl it while the price increases. Then if I were ever ready to convert any of it to fiat, I would just do so and pay whatever taxes I needed to and be able to sleep comfortably at night not having to worry if the FBI/Homeland Security or whoever will be breaking down my door in the middle of the night and pulling me out of bed with an assault rifle aimed in my face.
Title: Re: If you had suddenly 500 BTC Post by: aaf-18 on July 03, 2016, 09:21:57 PM How about,
convert - buy or build an online business and convert to cash Invest - invest online and turn into long term slow cash income Title: Re: If you had suddenly 500 BTC Post by: hermanhs09 on July 03, 2016, 09:25:01 PM How would you transfer the btc to your bank account without making the banks / OCED ask questions? Why would you want to convert those BTCs to fiat? Just buy what you want with Bitcoin. :) Yep, great answer, why convert when you can simply spend it right away without hassles? Title: Re: If you had suddenly 500 BTC Post by: HarryKPeters on July 03, 2016, 09:58:50 PM How about, convert - buy or build an online business and convert to cash Invest - invest online and turn into long term slow cash income These are both ok, but I am sure I would choose to have at least half of it in fiat. To protect myself from bitcoin's volatilty. The rest would go in - Investing in altcoins - Investing in a new venture. Title: Re: If you had suddenly 500 BTC Post by: ghost15 on July 03, 2016, 10:08:04 PM How would you transfer the btc to your bank account without making the Banks / OECD / ask questions? you can answer him that you are wining this amount from gamblingAnd even if you get cash from localbitcoins someday the efforoties may ask you from where this car or how you bought this house.. What would you do ? Title: Re: If you had suddenly 500 BTC Post by: angaper on July 03, 2016, 10:15:45 PM In my personal case I would not be interested in exchange my bitcoins for fiat through a bank account my friend. But in case of some emergency I only would withdraw a maximum of 100 BTC. I would do it through my forex broker, which allow me to deposit bitcoins and withdraw dollars via bank transfer.
Title: Re: If you had suddenly 500 BTC Post by: AngelDash on July 03, 2016, 10:16:56 PM selling them all one by one because mass selling will only make prices falling and will make the money which will get by exchanging getting lost
Title: Re: If you had suddenly 500 BTC Post by: Raimonn on July 03, 2016, 10:17:46 PM If you didn't want to be asked about how do you have this amount, you will need to avoid banks, the only solution would be spend the bitcoins or save them, but not converting to fiat money.
Title: Re: If you had suddenly 500 BTC Post by: gerXhonza on July 03, 2016, 10:19:42 PM If you didn't want to be asked about how do you have this amount, you will need to avoid banks, the only solution would be spend the bitcoins or save them, but not converting to fiat money. You can also convert it to fiat money, avoid bank transfers, find a trader who can pay you in hard cash, as no one will be aware if you are transacting in cash. Title: Re: If you had suddenly 500 BTC Post by: shinscarlet on July 03, 2016, 10:21:41 PM If you didn't want to be asked about how do you have this amount, you will need to avoid banks, the only solution would be spend the bitcoins or save them, but not converting to fiat money. you will lost point of having bitcoin because if you don't or can't exchange it to fiat,it mean you have nothing,people having bitcoin because it have value to fiatTitle: Re: If you had suddenly 500 BTC Post by: isen on July 03, 2016, 10:23:18 PM How would you transfer the btc to your bank account without making the Banks / OECD / ask questions? And even if you get cash from localbitcoins someday the efforoties may ask you from where this car or how you bought this house.. What would you do ? I'm not sure that i would exchange all my bitcoins if i had 500 of them,there is not reason to do since i can already buy a lot of things using btc.i would exchange only a small amount of them in cash using in person method and i would avoid buying things like cars,houses etc. Title: Re: If you had suddenly 500 BTC Post by: n691309 on July 04, 2016, 01:12:42 AM How would you transfer the btc to your bank account without making the banks / OCED ask questions? Hiring 250 people and then send they the money to you but it will still be noticeable if this happens at the same time with the same amount of withdrawal to the banks. Maybe buying something else withdrawing time by time not all in once etc. This is not smart at all. too many people work with you, easy to track you down. Well I don't know what is the source of these bitcoins but if it is legal then i wouldn't worry to much. Maybe up to 3k per person should not make your bank ask what you are doing or anything else. You can sell them for cash locally in your city or country and not being noticed. Also you can buy hardware things and then resell them. of course it is. isnt it weired that to many people transfer you money and your not business ? what you give them in turn ? in case of investigation the first thing to do is to investigate those people. Nothing is free, and when you are dealing with lots of people then you should award them at least for their job what are they doing for you. Cashing out 500BTC is a not a small deal, I think you simply you cant without being noticed, you can try by going on bitcoin ATMs in different countries but still you have to pay for some fees that these ATMs have, you can't probably get exactly 500BTC but less because of the fees/award etc. Title: Re: If you had suddenly 500 BTC Post by: Indrawan77 on July 04, 2016, 01:19:01 AM If i have 500btc suddenly i will buy house and fancy car, and in order to make less suspicion, i would exchange my coin little by little and then maybe i will borrow my friends and my family account to exchange the coin after that i will open 1 account abroad and put my coin in that account
Title: Re: If you had suddenly 500 BTC Post by: coinzat on July 04, 2016, 01:22:39 AM caching them would be easier as parts. not the hole amount in one time because one may get scammed. if someone asked about how you bought this or that tell him about bitcoin. but if you are in a third world country, you better travel before they arrest you :D
Title: Re: If you had suddenly 500 BTC Post by: Hellacopter on July 04, 2016, 01:23:07 AM 500 BTC is a huge amount, and it's making anyone rich with actual Bitcoin's price, in my opinion. If i have this amount i will invest a small part in trading trusted platforms, and enjoying the remaining to buy my needed goods and services
Title: Re: If you had suddenly 500 BTC Post by: Doms on July 04, 2016, 02:50:31 AM At the current price, that would already make the owner a rich guy. Much more if he is from a third world country. That would be enough for me to quit my job and just focus on putting up my own business, and buy a lot of other assets like land, stocks, and insurance.
Title: Re: If you had suddenly 500 BTC Post by: groll on July 04, 2016, 02:53:26 AM How would you transfer the btc to your bank account without making the Banks / OECD / ask questions? And even if you get cash from localbitcoins someday the efforoties may ask you from where this car or how you bought this house.. What would you do ? If I have a 500 bitcoins suddenly I will invest it all to genesis mining. That way no one will question where does my bitcoin comes from. I will retire form my work and put up a business as a facade so nobody will question me. But it is all a dream since no one in their right mind will give me that amount of bitcoin especially with the current price at the market right now. Title: Re: If you had suddenly 500 BTC Post by: sishendaoye on July 04, 2016, 08:03:16 AM If I had suddenly 500 Bitcoin then I would wait until the price is $1000 and then I would sell them all at once because then I would have allot of money.
I would not even try to hold them for much longer because it is not even sure if that is going to pay off. Title: Re: If you had suddenly 500 BTC Post by: DoublerHunter on July 04, 2016, 10:13:29 AM If i had that very huge amount of bitcoin i will just sell the 20 bitcoin after halving whether it's high or not because i just want some good amount of money to start building my own business so i can continue making money. The 480 bitcoin left i will hold it for a long term investment and just put it on a safe cold storage and after 4-8 years i will sell all the 100 bitcoin and continue holding the rest because i believe that it's great decision if i don't cash out or sell all the coins in the same year because every year the price is going up.
Title: Re: If you had suddenly 500 BTC Post by: Cyaren on July 04, 2016, 10:15:42 AM How would you transfer the btc to your bank account without making the Banks / OECD / ask questions? I would do like this:invest 50 btc in hyips,100 btc in some safe sites and 100 btc gambling and i would withdraw the rest (250 btc :D ) And even if you get cash from localbitcoins someday the efforoties may ask you from where this car or how you bought this house.. What would you do ? probably i would lose all these 250 btc invested but well... no pain no gain i guess :P Title: Re: If you had suddenly 500 BTC Post by: ASHLIUSZ on July 04, 2016, 10:19:08 AM How would you transfer the btc to your bank account without making the Banks / OECD / ask questions? I would do like this:invest 50 btc in hyips,100 btc in some safe sites and 100 btc gambling and i would withdraw the rest (250 btc :D ) And even if you get cash from localbitcoins someday the efforoties may ask you from where this car or how you bought this house.. What would you do ? probably i would lose all these 250 btc invested but well... no pain no gain i guess :P Title: Re: If you had suddenly 500 BTC Post by: worhiper_-_ on July 06, 2016, 09:53:53 PM I really doubt it if there is a way to transfer 500 btc without getting "suspiciousness" from the people "around " you.
But even if they do ask about all of that. Will they really say anything to you? i mean its BTC.. you didn't steal or anything.. Title: Re: If you had suddenly 500 BTC Post by: GreenBits on July 06, 2016, 10:00:21 PM How would you transfer the btc to your bank account without making the Banks / OECD / ask questions? And even if you get cash from localbitcoins someday the efforoties may ask you from where this car or how you bought this house.. What would you do ? This is the definition of laundering money, ROFL. What criminals learned long ago is that it's easier to just spend the got money, instead of trying to legitamize it. Pay your bills and life expenses with the bitcoin, converted to cash via peer to peer exchange, and save your wages. No one can get mad at you for saving your paychecks. If you found this useful, since you may have copious amounts of money, send me some. I am not kidding. I have more cogent advice where that came from. Title: Re: If you had suddenly 500 BTC Post by: Hohenn on July 07, 2016, 12:16:01 AM Don't worry about it guys. I just got two words for you: PARTY HARD!
Title: Re: If you had suddenly 500 BTC Post by: akogwapo14 on July 07, 2016, 04:02:55 AM How would you transfer the btc to your bank account without making the Banks / OECD / ask questions? many people get interest in bitcoin you dont need bank account to cash out your money you just need more people who want it to change your bitcoin to fiat . And even if you get cash from localbitcoins someday the efforoties may ask you from where this car or how you bought this house.. What would you do ? Title: Re: If you had suddenly 500 BTC Post by: ~Bitcoin~ on July 07, 2016, 04:10:38 AM I will not worry or even bother to cashout all of those bitcoin within one day. I will just keep holding them in different addressess after mixing them in fraction and keep proper backup of those addressess's private keys in safe place. I will sell them in portion of 5btc in one transaction and that is only from cash/face to face deals. I know interest in bitcoin is getting higher in everycountry so selling 5btc to one guy couldn't me hard in future.
But i don't think i could earn 500 btc in my whole life. ;D Title: Re: If you had suddenly 500 BTC Post by: Karpeles on July 07, 2016, 04:20:59 AM Slowly, around 2 BTC/month.
If you want spend more, do it in BTC alone, without intermediaries. Title: Re: If you had suddenly 500 BTC Post by: BillyBobJoe on July 07, 2016, 04:26:57 AM Is that a joke? There is no way to buy what one needs or wants with BTC without jumping through a bunch of expensive, unnecessary hoops. Nothing. It is almost impossible to spend BTC as easy as fiat. Face it, that is the truth.
How would you transfer the btc to your bank account without making the banks / OCED ask questions? y Why would you want to convert those BTCs to fiat? Just buy what you want with Bitcoin. :) Title: Re: If you had suddenly 500 BTC Post by: iv4n on July 07, 2016, 04:36:39 AM If suddenly 500 btc appear in my wallet for sure it would be the day ehen I become rich guy. I would sell some, but rest will stay in btc and it would be split on many parts and invested on many places. I think with that amounts invested I can expect good profit from many sides.
This is impossible to happen, I will have to earn that money myself. And I don't hope it will fall from the sky, that is happening just in the movies and fairytales. I don't think its hard to cash out with 500 btc, it will require some time, but it can be done. Title: Re: If you had suddenly 500 BTC Post by: rphk on July 07, 2016, 05:21:42 AM you can buy whatever you want online with BTC , or converting to fiat is difficult , you can slowly day by day like 5 BTC each day convert to fiat :)
Title: Re: If you had suddenly 500 BTC Post by: PokerFace3 on July 07, 2016, 07:27:30 AM you can buy whatever you want online with BTC , or converting to fiat is difficult , you can slowly day by day like 5 BTC each day convert to fiat :) Yeah converting to fiat slowly would be a good idea but talking about my self The day I have 500 BTC would be the happiest day of my life, and the day is very hard to come but still I'm working on it to get as much as I can. The first and foremost thing that I would do is invest all my money to stock because the money would grow and come back to multiplied. :)Title: Re: If you had suddenly 500 BTC Post by: martinacar on July 07, 2016, 07:58:11 AM If I would suddenly have 500 Bitcoins then I would sell halve if them right now because that will earn me allot of money. I would just hold on to the other and look if I can make more money with them.
The price in the future has to be higher so I am sure that I would make more money with them if I saved them. Title: Re: If you had suddenly 500 BTC Post by: ~BitSy~ on July 07, 2016, 08:03:57 AM It depends on certain banks as they all differ in terms of rules. Some wouldn't mind at all regardless of the amount and some are very strict specially if the activity on someones bank account changes all of a sudden and what they do usually is to contact you and ask for proof so they could be sure it wasn't claimed on a illegal matter.
Title: Re: If you had suddenly 500 BTC Post by: SuperCoinGuy on July 07, 2016, 08:28:06 AM If I needed to exchange 500 Bitcoins into cash I would stay away from the Bitcoin exchanges and look for private buyers instead. It would be easier to deposit $250 000 in cash later on and say that you have won that amount gambling online than trying to explain the origin of the money deposited to your bank account after using an exchange because this could raise some red flags very quickly and people may think you are laundering money or something.
Title: Re: If you had suddenly 500 BTC Post by: tygeade on July 07, 2016, 08:47:25 AM It depends on certain banks as they all differ in terms of rules. Some wouldn't mind at all regardless of the amount and some are very strict specially if the activity on someones bank account changes all of a sudden and what they do usually is to contact you and ask for proof so they could be sure it wasn't claimed on a illegal matter. If we want to transfer it our bank account then there is no need in transferring that huge amount at once, transfer it on installments and everything would be fine, as your bitcoins are safe in your digital wallet too, and its not mandatory to sell them at a single point of time. Title: Re: If you had suddenly 500 BTC Post by: Dr.Osh on July 07, 2016, 08:48:53 AM you can buy whatever you want online with BTC , or converting to fiat is difficult , you can slowly day by day like 5 BTC each day convert to fiat :) yes, you can buy whatever you want. but, if I suddenly have 500 BTC, maybe I'll hold it until bitcoin prices of more than $ 1,000. I think it is the best way that I have a lot of money. after it bought an apartment or house, and start a new life as a millionaire and a businessman. Well, it sounds very interestingTitle: Re: If you had suddenly 500 BTC Post by: MaritiJames3 on July 07, 2016, 08:51:18 AM If I would suddenly have 500 Bitcoins then I would sell halve if them right now because that will earn me allot of money. I would just hold on to the other and look if I can make more money with them. I think that I would do the same thing because you know how much money you can make with that many Bitcoins, even if you sold them all right now then you would make much money. The price in the future has to be higher so I am sure that I would make more money with them if I saved them. But selling them all at once is not that good of an idea because the price can always rise so that you can make much money. Title: Re: If you had suddenly 500 BTC Post by: Soros Shorts on July 07, 2016, 09:13:58 AM How would you transfer the btc to your bank account without making the Banks / OECD / ask questions? And even if you get cash from localbitcoins someday the efforoties may ask you from where this car or how you bought this house.. What would you do ? 500 bitcoins is worth around $325K. I would find buyers who can wire you the money straight to your bank account. Unless you live in a banana republic, nobody is really going to ask questions about $325K worth of incoming wires into your account. If there are any questions that are asked, it is usually the sending bank that asks the sender of the wire (the buyer), not you. On the other hand making cash deposits worth $325K could get your bank account randomly seized by the IRS in the US. Title: Re: If you had suddenly 500 BTC Post by: BitcoinHunt3r on July 07, 2016, 09:26:21 AM maybe same with the others, exchange to fiat little by little, or hopefully there is some online shop that allow bitcoin as payment maybe i can buy a lot of thing in that shop
Title: Re: If you had suddenly 500 BTC Post by: Hettinger on July 07, 2016, 09:41:21 AM I would sell them all at once and the then quit with Bitcoin because I can already make much money with it and I have no time o wait for the future.
It is not even if the future is going to give us want we want so I am not taking the risk then. Title: Re: If you had suddenly 500 BTC Post by: greBit on July 07, 2016, 12:12:19 PM I would sell them all at once and the then quit with Bitcoin because I can already make much money with it and I have no time o wait for the future. It is not even if the future is going to give us want we want so I am not taking the risk then. Yeah 500 btc is a really huge amount to hold so I would prefer to sell half of them and convert it to fiat currency and invest that money in real life business and rest will hold for the future. Title: Re: If you had suddenly 500 BTC Post by: Adriandmen on July 07, 2016, 12:16:25 PM You can also invest all that money into something. Like a dice site or something like that. A dice site seems to be a good cover up for all this. It looks like as if the 500 BTC is investment you made earlier and make great profit out of it. Of course, it would be terrible if you lost it all.
Title: Re: If you had suddenly 500 BTC Post by: takingthis4 on July 07, 2016, 12:26:25 PM Slowly, around 2 BTC/month. i would definitely not spend any of my bitcoins, i mean what is the point to spend that right now if it will be worth much more money in the future, i would definitely hold it for a whileIf you want spend more, do it in BTC alone, without intermediaries. Title: Re: If you had suddenly 500 BTC Post by: bittycents on July 07, 2016, 01:03:44 PM well selling it would be difficult and the wallet source address is traceable in the blockchain, so i will break it into portions. let's say 20 percent will converted into cash (slowly), 25 percent shall put-up a small profiting business to cover-up some issues on your source of income and other shaddy non-sense, 20 percent shall go to passive income investments, 20 percent will go to bank and the remaining 15 percent shall be kept and make it grow.
Title: Re: If you had suddenly 500 BTC Post by: allthingsluxury on July 07, 2016, 01:23:56 PM It would be best to not all sell at once, this goes for just about any investment position.
Title: Re: If you had suddenly 500 BTC Post by: romero121 on July 07, 2016, 01:41:10 PM Having such a huge volume of bitcoin suddenly within your wallet is not at all possible. Due to luck one or two users get this possibility of getting such an amount. Also user easily becomes rich.
Title: Re: If you had suddenly 500 BTC Post by: bitcircle on July 07, 2016, 01:46:33 PM That is my dream to get that very huge amount for me so that it will be really great to have 500 BTC suddenly without any reason, surely this will make my life more smoother comfortable.
Title: Re: If you had suddenly 500 BTC Post by: hasiramasenju on July 07, 2016, 05:40:22 PM honestly if this is happened to me i would convert all of my bitcoins into my local currency and i would invest all of my money to physical investment such as buying houses, or buying land for my future investment because in my country invest for those property is very profitable and land or houses prices will increase every year
Title: Re: If you had suddenly 500 BTC Post by: carlisle1 on July 07, 2016, 05:48:04 PM How would you transfer the btc to your bank account without making the Banks / OECD / ask questions? And even if you get cash from localbitcoins someday the efforoties may ask you from where this car or how you bought this house.. What would you do ? Lol I don't need to transfer it to my bank account maybe I would buy anything with that or sell some it whenever I need extra money 500btc is too much for an ordinary people he can't spend all of it in just one day , a week , or a month . I guess people would confused about where they will put theor momey . Title: Re: If you had suddenly 500 BTC Post by: newcripto on July 07, 2016, 05:51:40 PM If somehow I had this much money in Bitcoin to be honest without wasting of time will sell a larger part of this sum. I will buy invest in real estate to use them as rent to have a permanent source of income. Bitcoin in my opinion has reached where it could be with some percentage of plus/minus. I will hold just 20 Bitcoins out of these 500 Bitcoins for long term.
Title: Re: If you had suddenly 500 BTC Post by: extrabyte on July 07, 2016, 06:02:48 PM How would you transfer the btc to your bank account without making the Banks / OECD / ask questions? And even if you get cash from localbitcoins someday the efforoties may ask you from where this car or how you bought this house.. What would you do ? What I would do is like this: Invest in few altcoins, invest in some new ICO that are/will be releasing nowadays, the rest I would spend buying a new house or flat then the next investment would be a normal car and the rest of this I would continue holding them for an undefined time. Title: Re: If you had suddenly 500 BTC Post by: beerlover on July 07, 2016, 07:24:19 PM Slowly, around 2 BTC/month. i would definitely not spend any of my bitcoins, i mean what is the point to spend that right now if it will be worth much more money in the future, i would definitely hold it for a whileIf you want spend more, do it in BTC alone, without intermediaries. What's actually the point of earning bitcoins and forever holding it in? I mean, you don't necessarily know when it will be at its highest price. So rather than holding them all, I spend around 50% of my total monthly bitcoin earnings. It's just an opinion. It's all about personal preference after all. Title: Re: If you had suddenly 500 BTC Post by: Hueristic on July 07, 2016, 07:57:56 PM How would you transfer the btc to your bank account without making the Banks / OECD / ask questions? And even if you get cash from localbitcoins someday the efforoties may ask you from where this car or how you bought this house.. What would you do ? Make a large purchase Like a New beemer and refuse to buy it unless they start accepting bitcoin. :) Title: Re: If you had suddenly 500 BTC Post by: AioFox on July 07, 2016, 08:03:54 PM Deposit 0.1BTC in a gambling site; put it on autoplay for dice; forget about by mistake as i play my video games. I realise after 5hours of gameplay; check the gambling site quickly hoping i didn't lose it but omg i got 500BTC wooooo XD. i give 1BTC to 10random users on the site because i would be so excited then buy all the games on my wishlist; then keep the rest for anything that i would need
Title: Re: If you had suddenly 500 BTC Post by: Cresciuanto on July 07, 2016, 08:28:22 PM mmmm i think i can only expect it. but very difficult in real life. i think it will change my whole life. it can solve my big big issues about which i usually thinking. which i have solve in future.
Title: Re: If you had suddenly 500 BTC Post by: Piltover on July 07, 2016, 08:40:51 PM mmmm i think i can only expect it. but very difficult in real life. i think it will change my whole life. it can solve my big big issues about which i usually thinking. which i have solve in future. Of course it will change your whole life due to the fact that 500 bitcoins is so much money it would be insane in my eyes. I think that I would jump in the air, like nobody care... I than could do what I want! Title: Re: If you had suddenly 500 BTC Post by: klach on July 07, 2016, 09:48:39 PM i will just withdraw some of the amount every month and deposit to some account in a bank and then when i they ask me i will tell him that i was saving some money every month from my salary
Title: Re: If you had suddenly 500 BTC Post by: wintermeasures on July 07, 2016, 10:22:27 PM How would you transfer the btc to your bank account without making the Banks / OECD / ask questions? And even if you get cash from localbitcoins someday the efforoties may ask you from where this car or how you bought this house.. What would you do ? For your convenience, if you want to convert it into a fiat 2-3 BTC per convert i think it safe. because sure enough if you melt my country 500 BTC on a deal it will be a public debate which is endless, your life will not be quiet. Thank you Title: Re: If you had suddenly 500 BTC Post by: andrew24p on July 07, 2016, 10:27:25 PM I would sell it in bulk to someone reputable. Still going to have to pay capital gains tax on it though. No way of getting away with it unless you keep it in bitcoin or go the illegal route which isnt worth it.
Title: Re: If you had suddenly 500 BTC Post by: hermanhs09 on July 08, 2016, 12:08:04 AM I would sell it in bulk to someone reputable. Still going to have to pay capital gains tax on it though. No way of getting away with it unless you keep it in bitcoin or go the illegal route which isnt worth it. Haha,im pretty sure many people at this forum would say that it is actually worth it but personally,i agree with you. But you know that selling about 500 bitcoins in short frame of time would make it price go down a lot? It would start a panic selling,people dumping coins like crazy. By the way getting tax on bitcoins,sucks :( Title: Re: If you had suddenly 500 BTC Post by: Irn-Bri on July 08, 2016, 01:39:21 AM I'd buy gold from JMB keeping transactions under $10,000. I'd sell half the gold locally for cash and keep half in gold. Every week I'd deposit a few thousand in my bank, hold cash and gold too. You cover a lot of bases that way. Even open up a few safety deposit boxes.
Title: Re: If you had suddenly 500 BTC Post by: DoomDumas on July 08, 2016, 02:35:12 PM Simple,
1: 400 in encrypted cold storage 2 : buy a Tesla model S with BTC (Hope Tesla still accept BTC) arround 50 BTC today :) 3 : +/-50 to spent as BTC for goods and trade some for the fun of it I would stay at work for fiat need, sadly, we still need some to survive. Title: Re: If you had suddenly 500 BTC Post by: BossMacko on July 08, 2016, 02:41:35 PM How would you transfer the btc to your bank account without making the Banks / OECD / ask questions? And even if you get cash from localbitcoins someday the efforoties may ask you from where this car or how you bought this house.. What would you do ? If i will be able to have 500 Bitcoin someday. I will not convert it all to flat money. I will only convert some of the Bitcoin when i need to pay something using flat money. In the future i am sure that many online shop will open and they will integrate Bitcoin as one of their currency. And because i had 500 Bitcoin in that day i can buy anything i want in any online shop that accepts Bitcoin as payment. Title: Re: If you had suddenly 500 BTC Post by: eternalgloom on July 08, 2016, 02:44:46 PM How would you transfer the btc to your bank account without making the Banks / OECD / ask questions? And even if you get cash from localbitcoins someday the efforoties may ask you from where this car or how you bought this house.. What would you do ? If i will be able to have 500 Bitcoin someday. I will not convert it all to flat money. I will only convert some of the Bitcoin when i need to pay something using flat money. In the future i am sure that many online shop will open and they will integrate Bitcoin as one of their currency. And because i had 500 Bitcoin in that day i can buy anything i want in any online shop that accepts Bitcoin as payment. You should see it as a very good investment towards the future. Title: Re: If you had suddenly 500 BTC Post by: Ardenyham on July 08, 2016, 02:51:57 PM I don't think that I could suddenly get that much btc some days. because I don't feel my self a lucky person. and these things are 100% depends on luck. but if I got that ammount. I'll transfer them time to time and low amount of btc.
and good thing is I have a side business so I can answer peoples who ask me about these too much money. That is my dream to get that very huge amount for me so that it will be really great to have 500 BTC suddenly without any reason, surely this will make my life more smoother comfortable. and then how you redeem them? and what clarification you give the peoples, neighbors, relatives and possibly the police? lolzz Title: Re: If you had suddenly 500 BTC Post by: serjent05 on July 08, 2016, 03:56:03 PM Having such a huge volume of bitcoin suddenly within your wallet is not at all possible. Due to luck one or two users get this possibility of getting such an amount. Also user easily becomes rich. I hear you :D But op is assuming that IF you have suddenly 500 BTC in your wallet address.Anyway, you can spend it little by little, you don't need to encash them right away. There are several ways actually but putting up a small business then eventually making it grow (thru your continous withdraw of your BTC and fund it) will at least take the suspicion away. You can declare all the accumulated assets and give tax to the government. Title: Re: If you had suddenly 500 BTC Post by: densuj on July 08, 2016, 04:09:42 PM How would you transfer the btc to your bank account without making the Banks / OECD / ask questions? For 500 BTC i will use crypto mixing services every i sell bitcoin on markets and i think it is make me still anonymous. And about the efforoties i will explain that all of my things are from trading. And even if you get cash from localbitcoins someday the efforoties may ask you from where this car or how you bought this house.. What would you do ? Title: Re: If you had suddenly 500 BTC Post by: hermanhs09 on July 08, 2016, 04:28:03 PM Having such a huge volume of bitcoin suddenly within your wallet is not at all possible. Due to luck one or two users get this possibility of getting such an amount. Also user easily becomes rich. I hear you :D But op is assuming that IF you have suddenly 500 BTC in your wallet address.Anyway, you can spend it little by little, you don't need to encash them right away. There are several ways actually but putting up a small business then eventually making it grow (thru your continous withdraw of your BTC and fund it) will at least take the suspicion away. You can declare all the accumulated assets and give tax to the government. for reaching,let's say 3-4% a month,i would not do anything,he would work for me and i would get about 15 btc monthly ;D Title: Re: If you had suddenly 500 BTC Post by: Farma on July 08, 2016, 04:56:03 PM so far I just have two more BTC. I could not imagine if it has 500 BTC in my wallet. I think I will sell all bitcoin I have, and buy a luxury home. but maybe I'll leave some BTC so that I can make it grow back. may create trade sites well enough to make an income. but, I'll do it after buying a luxury home ;D
Title: Re: If you had suddenly 500 BTC Post by: trafficolaa on July 08, 2016, 05:03:00 PM I wish if it would happen that magical with me when I will have 500 coins into my wallet, I would sell all my coins and will buy a new house for me and that kind of magical happening can make my dream come true, let's see when I will have more than 500 BTC into my wallet.
Title: Re: If you had suddenly 500 BTC Post by: Sniper44 on July 08, 2016, 05:15:07 PM How would you transfer the btc to your bank account without making the Banks / OECD / ask questions? And even if you get cash from localbitcoins someday the efforoties may ask you from where this car or how you bought this house.. What would you do ? first of all it depends on the country that you are living in, some countries aren't that strict about where you bring your money from! but also asking this question here is not going to help you and get you anywhere, you need a money launderer to solve your problem :D Title: Re: If you had suddenly 500 BTC Post by: enhu on July 08, 2016, 05:21:31 PM How would you transfer the btc to your bank account without making the Banks / OECD / ask questions? And even if you get cash from localbitcoins someday the efforoties may ask you from where this car or how you bought this house.. What would you do ? If you are smart enough, you won't buy anything that will cause you to be on the spotlight of authorities. You may need to set up a fake business or why not real business just to make sure your neighbors see that you are working on something. Maybe make partners with some people you know and work on it to profit and that's the time you buy something. Title: Re: If you had suddenly 500 BTC Post by: Superbitzz on July 08, 2016, 06:53:22 PM that is such a big amount and you know if i convert it to USD and then to my local currency. you cannot imagine how big is this amount. i think that is enough for a family for their 30 year of life. buy you know i am expecting more may be many more from 500 bitcoins. and still i am hopful that i can achieve the target.
Title: Re: If you had suddenly 500 BTC Post by: KingdomHearts on July 10, 2016, 12:06:04 PM if i had suddenly 500 BTC then i will not need to work then i will invest that bitcoin in online business and i will invest bitcoin on real business because 500 BTC is very big amount for starting to expansive business .
Title: Re: If you had suddenly 500 BTC Post by: iqlimasyadiqa on July 10, 2016, 12:21:14 PM if i had suddenly 500 BTC then i will not need to work then i will invest that bitcoin in online business and i will invest bitcoin on real business because 500 BTC is very big amount for starting to expansive business . if it happened to me. I will sell all bitcoin I got it. I will get 350,000 USD. with that money I just stayed silent until the old days. I'll save money in bank term deposits. it will add to my money as much as 7% annually. it is a very pleasant life.Title: Re: If you had suddenly 500 BTC Post by: clickerz on July 10, 2016, 12:36:37 PM How would you transfer the btc to your bank account without making the Banks / OECD / ask questions? And even if you get cash from localbitcoins someday the efforoties may ask you from where this car or how you bought this house.. What would you do ? If you are smart enough, you won't buy anything that will cause you to be on the spotlight of authorities. You may need to set up a fake business or why not real business just to make sure your neighbors see that you are working on something. Maybe make partners with some people you know and work on it to profit and that's the time you buy something. I agree with you since people/neighbors,authority will be suspicious if you suddenly on a buying spree :) Just buy slowly, make a business OR relocate your residence ;) Title: Re: If you had suddenly 500 BTC Post by: andrew24p on July 10, 2016, 01:26:49 PM Id cash everything out and hire a duck marching band to follow me around all day.
Title: Re: If you had suddenly 500 BTC Post by: Jemzx00 on July 10, 2016, 01:52:58 PM How would you transfer the btc to your bank account without making the Banks / OECD / ask questions? Banks will not ask alot of question if they know that you got it from bitcoin due to it's mysterious thingy. And even if they did ask alot of things then say that it's from bitcoin and you owe a site where you got that many.And even if you get cash from localbitcoins someday the efforoties may ask you from where this car or how you bought this house.. What would you do ? Title: Re: If you had suddenly 500 BTC Post by: shamzblueworld on July 10, 2016, 01:55:50 PM I would transfer to the bank if it is possible(in my country) and if not, I'll probably buy some stuff, or sell them using localbitcoins.
Title: Re: If you had suddenly 500 BTC Post by: avikz on July 10, 2016, 02:32:11 PM It is very risky for someone to transfer 500 BTC to the bank account without triggering the alarm.
So it is wise to transfer in fractions. May be 5-10 BTC in one go. This would ensure your banks will not raise any concern to any regulatory authority. Also the frequency can be monthly instead of weekly. This way you can show it as your salary. Title: Re: If you had suddenly 500 BTC Post by: Supercrypt on July 10, 2016, 04:34:50 PM It is very risky for someone to transfer 500 BTC to the bank account without triggering the alarm. That's true. The banks would question you where you got those amount if you try to withdraw them all in one go. So it is wise to transfer in fractions. May be 5-10 BTC in one go. This would ensure your banks will not raise any concern to any regulatory authority. Also the frequency can be monthly instead of weekly. This way you can show it as your salary. If you can't provide any proof of earnings, then you are surely going to jail because they are going to assume you stole them from someone or is trying to launder money. Title: Re: If you had suddenly 500 BTC Post by: abugseuf on July 10, 2016, 06:20:32 PM that is such a big amount of bitocin. i think cannot even expect it to found 500 bitocins. it can change the whole life style of a person. i think then there is no need to wait for any more biicoins that will be enough for living i think.
Title: Re: If you had suddenly 500 BTC Post by: 2legit2 on July 10, 2016, 06:33:14 PM that is such a big amount of bitocin. i think cannot even expect it to found 500 bitocins. it can change the whole life style of a person. i think then there is no need to wait for any more biicoins that will be enough for living i think. thats true, my life would definitely be changed, i would most probably buy a lot of stuff with it and give away some of the bitcoins to other people if i got it for freeTitle: Re: If you had suddenly 500 BTC Post by: AioFox on July 10, 2016, 07:20:29 PM How would you transfer the btc to your bank account without making the Banks / OECD / ask questions? And even if you get cash from localbitcoins someday the efforoties may ask you from where this car or how you bought this house.. What would you do ? If you are smart enough, you won't buy anything that will cause you to be on the spotlight of authorities. You may need to set up a fake business or why not real business just to make sure your neighbors see that you are working on something. Maybe make partners with some people you know and work on it to profit and that's the time you buy something. That might be a timely financial investment, or an investment in yourself to start a new career or kick-start a passion project. You could begin a fitness program, spruce up your home, or update your tech set-up. Or just recharge with a memorable weekend getaway.You can build a diversified IRA portfolio with as little as $1,000—or less. Title: Re: If you had suddenly 500 BTC Post by: lucsky on July 10, 2016, 07:26:01 PM How would you transfer the btc to your bank account without making the Banks / OECD / ask questions? And even if you get cash from localbitcoins someday the efforoties may ask you from where this car or how you bought this house.. What would you do ? first of all it depends on the country that you are living in, some countries aren't that strict about where you bring your money from! but also asking this question here is not going to help you and get you anywhere, you need a money launderer to solve your problem :D Exactly. you are absolutely right. There are countries that have a lot of bureaucracy in the banking sectors, as well as a constant monitoring work of remittances. Title: Re: If you had suddenly 500 BTC Post by: CoinBreader on July 10, 2016, 07:31:41 PM do that with the follow ways
1)small amounts 10btc on differnt bank 2)btc credit cards 3)look for your local bank limits (with a guy from inside the bank) 4)Why do you want to spent your btc in fiat at once ?? Title: Re: If you had suddenly 500 BTC Post by: hermanhs09 on July 10, 2016, 07:38:44 PM do that with the follow ways Probably i would buy anything,because i am rich right now right ? :D1)small amounts 10btc on differnt bank 2)btc credit cards 3)look for your local bank limits (with a guy from inside the bank) 4)Why do you want to spent your btc in fiat at once ?? Anyway i would take 200 btc to make more of them,investing somewhere or just trading. Title: Re: If you had suddenly 500 BTC Post by: praprata on July 12, 2016, 09:12:18 AM If I had suddenly had that much Bitcoin the I would wait for the price to be at least $2000 so that I could become a millionaire.
That is the only thing that I would do with it because I would not have the patient to wait any longer. Title: Re: If you had suddenly 500 BTC Post by: Dr.Osh on July 12, 2016, 09:26:04 AM do that with the follow ways Probably i would buy anything,because i am rich right now right ? :D1)small amounts 10btc on differnt bank 2)btc credit cards 3)look for your local bank limits (with a guy from inside the bank) 4)Why do you want to spent your btc in fiat at once ?? Anyway i would take 200 btc to make more of them,investing somewhere or just trading. Title: Re: If you had suddenly 500 BTC Post by: johnjacksonbtc on July 13, 2016, 01:48:08 PM How would you transfer the btc to your bank account without making the Banks / OECD / ask questions? And even if you get cash from localbitcoins someday the efforoties may ask you from where this car or how you bought this house.. What would you do ? I would transfer 5$ to random bank account and add following in description field 'bought 500 bitcoin for 5$'. Title: Re: If you had suddenly 500 BTC Post by: From Above on July 13, 2016, 01:55:31 PM If I suddenly had 500 BTC I would first send some portions to the friends of mine and then I would keep it in cold wallet. I would put 100 BTC aside for doing some of the nice things in life with friends and family.
~CfA~ Title: Re: If you had suddenly 500 BTC Post by: CoinFoxs on July 13, 2016, 02:07:10 PM How would you transfer the btc to your bank account without making the banks / OCED ask questions? Hiring 250 people and then send they the money to you but it will still be noticeable if this happens at the same time with the same amount of withdrawal to the banks. Maybe buying something else withdrawing time by time not all in once etc. And if these 250 people will run away with your money then what would you do ? You don't even claim it that this is your money because you must tell them where you get that money... Title: Re: If you had suddenly 500 BTC Post by: bitlancr on July 13, 2016, 02:22:20 PM I would sell them all because I would make allot of money with them and there is no reason for me then to hold on to them.
Waiting is only going to take and there are much better things I can do with that money. Title: Re: If you had suddenly 500 BTC Post by: greBit on July 13, 2016, 02:26:30 PM I would sell them all because I would make allot of money with them and there is no reason for me then to hold on to them. Waiting is only going to take and there are much better things I can do with that money. Yup and price will not affect that much if you are holding 500 btc, its better to sell them off and invest that fiat money in some real life business and have fun with rest money left. Title: Re: If you had suddenly 500 BTC Post by: kryptqnick on July 14, 2016, 10:50:05 AM How would you transfer the btc to your bank account without making the Banks / OECD / ask questions? I think the most wise solution is to withdraw them partially using different cardsAnd even if you get cash from localbitcoins someday the efforoties may ask you from where this car or how you bought this house.. What would you do ? Title: Re: If you had suddenly 500 BTC Post by: Labumi on July 14, 2016, 10:52:40 AM I will wait until there are people who call me to confirm a BTC belonging to my Wallet. If it does not exist then I would do the things that make me happy and share some BTC I get to those who need
Title: Re: If you had suddenly 500 BTC Post by: PsursV on July 14, 2016, 11:36:20 AM I would sell them all because I would make allot of money with them and there is no reason for me then to hold on to them. but If bitcoin is illegal in your country then what will be your answer to the FBR that from where you got these income. what about the income tax department. for me it is not too difficult because I am a former and can show the income from crops. but what will you do? how will you legalize your 500 bitcoin in your state. Waiting is only going to take and there are much better things I can do with that money. Title: Re: If you had suddenly 500 BTC Post by: Amph on July 14, 2016, 11:41:47 AM i would build a 100 gpu farm at the very least in a good place with good cooling and everything to run it, i would earn like 2 btc per day at present...
Title: Re: If you had suddenly 500 BTC Post by: JumperX on July 14, 2016, 11:53:45 AM I will all my coins irrespective of price as 500 btc is too huge amount to hold and even if price is bit lower it won't make any difference at that stage.
Title: Re: If you had suddenly 500 BTC Post by: Bestwishes745 on July 14, 2016, 12:36:49 PM Wow! that is a good amount,
I I get that amount and have to get withdraw that amount with an exchange to my bank account then I will provide the exact information to my bank from where I get that amount, because I will not get any amount of money illegal. so I will not need to hide the source of my income. Title: Re: If you had suddenly 500 BTC Post by: lienfaye on July 14, 2016, 01:20:37 PM Thats alot of money well if i had that amount, i simply spend it to purchase something online, cashout some portion and hold some of it. its really questionable to have that huge amount so i cant cashout all of it.
Title: Re: If you had suddenly 500 BTC Post by: CoinFoxs on July 14, 2016, 01:27:41 PM If I had suddenly had that much Bitcoin the I would wait for the price to be at least $2000 so that I could become a millionaire. That is the only thing that I would do with it because I would not have the patient to wait any longer. For this you have to wait for at least 3-4 years, Would you wait for price increasing or invest your money in trading and other business from where you get profit ? Better is to use some money in trading or other businesses and hold some bitcoins for price increasing. Title: Re: If you had suddenly 500 BTC Post by: gerXhonza on July 14, 2016, 01:32:21 PM Wow! that is a good amount, I I get that amount and have to get withdraw that amount with an exchange to my bank account then I will provide the exact information to my bank from where I get that amount, because I will not get any amount of money illegal. so I will not need to hide the source of my income. No doubt its not illegal but once you disclose it in bank then you need to pay taxes on it which are too high, better option is to convert it in cash on installment basis. Title: Re: If you had suddenly 500 BTC Post by: RoommateAgreement on July 14, 2016, 01:34:01 PM 500 bitcoin is a real huge amount, it is nearly 325,000 USD. i may be able to plan a very wise plan for a couple of thousand dollars and make a good profit but i really don't know what to do with that much bitcoin, and if it was in fiat form i still could have made some plans for 325K$ but not in bitcoin.
and btw my plans are all consist of starting my own business. Title: Re: If you had suddenly 500 BTC Post by: romero121 on July 14, 2016, 01:37:07 PM That's a huge amount. If I had such a volume of bitcoin, possibly I could have got a relaxed living without the pressure of earning to have a good living.
Title: Re: If you had suddenly 500 BTC Post by: Adriandmen on July 14, 2016, 01:42:57 PM I would be so happy if this would happen. You can do almost anything with that amount of money.
You shouldn't worry about banks though, just pay the taxes and anything will probably be just fine. Title: Re: If you had suddenly 500 BTC Post by: praprata on July 14, 2016, 01:45:38 PM I would sell halve of them right away because that is allot of money and I can make good use of all that money.
The other halve I would on to because I may even make more money with the other halve, I do not want to miss out on anything. Title: Re: If you had suddenly 500 BTC Post by: ardentvolcanoes on July 14, 2016, 01:52:02 PM That's a huge amount. If I had such a volume of bitcoin, possibly I could have got a relaxed living without the pressure of earning to have a good living. Lmao we would have so much time to relax without any stress about earning . 500 btc is enough for us to retire but too early to get the retirement . If ever i had that amount of bitcoin i would like to the place where i could actually enjoy because i'd like to go away from stress and pressure 😂 Title: Re: If you had suddenly 500 BTC Post by: Shibashi Dogemoto on July 14, 2016, 01:56:28 PM That's a huge amount. If I had such a volume of bitcoin, possibly I could have got a relaxed living without the pressure of earning to have a good living. Lmao we would have so much time to relax without any stress about earning . 500 btc is enough for us to retire but too early to get the retirement . If ever i had that amount of bitcoin i would like to the place where i could actually enjoy because i'd like to go away from stress and pressure 😂 Yeah we can have long break from work if we hold that high amount, as it is enough to take care of our luxury and lavish holidays, I would prefer to go for world tour with that money. Title: Re: If you had suddenly 500 BTC Post by: davis196 on July 14, 2016, 01:59:57 PM How would you transfer the btc to your bank account without making the Banks / OECD / ask questions? And even if you get cash from localbitcoins someday the efforoties may ask you from where this car or how you bought this house.. What would you do ? There`s no way you can trade 500 BTC with localbitcoins in one single transaction. Why are you asking this?Do you have that problem? Big transactions are always suspicious for banks and authorities... Title: Re: If you had suddenly 500 BTC Post by: BitMaxz on July 14, 2016, 02:11:53 PM How would you transfer the btc to your bank account without making the Banks / OECD / ask questions? Honestly i never experience that huge amount in my wallet but maybe if i am lucky to have those bitcoin in my wallet i think i will gradually withdraw it in any different ways. like some of bitcoin will withdraw using western union.. or i think there is some Bitcoin atm here master card or debit card that you can use word wide or selected country. but i think its better to convert it into usd via pyoneer because you can use payoneer world wide in any banks..that you can withdraw how much you want.. And even if you get cash from localbitcoins someday the efforoties may ask you from where this car or how you bought this house.. What would you do ? Title: Re: If you had suddenly 500 BTC Post by: Doamader on July 14, 2016, 02:22:20 PM Having such ammount and if you wanna to exchange to fiat you should do that with periods selling a part all months, soo at the end you will get all the money, maybe open a store just to show what did you sold to be able to convert bitcoin.
Title: Re: If you had suddenly 500 BTC Post by: Herbert2020 on July 14, 2016, 02:24:36 PM this is a really huge amount and the only thing you can ever do with such a huge amount is to start a business with it but again that amount is so big that you can even start two separate businesses with it and still have left overs.or at least things that come to my mind with bitcoin need less investment.
Title: Re: If you had suddenly 500 BTC Post by: wintermeasures on July 14, 2016, 04:25:00 PM If I will get suddenly 500 Btc I will settle a business as this a such a huge amount and to earn long time earning business is best option... Trading is also good option but for this much big amount I will go for offline business only...
Title: Re: If you had suddenly 500 BTC Post by: shugareward on July 14, 2016, 04:36:02 PM That's a huge amount. If I had such a volume of bitcoin, possibly I could have got a relaxed living without the pressure of earning to have a good living. of course that is a really huge amount of bitcoins and i think that if i suddenly have 500 bitcoins i would just hold it in order to make even more money in the near futureTitle: Re: If you had suddenly 500 BTC Post by: streazight on July 14, 2016, 08:37:12 PM Wow! that is a good amount, This is pretty much the same thread as those what if I give you X bitcoins or something.I I get that amount and have to get withdraw that amount with an exchange to my bank account then I will provide the exact information to my bank from where I get that amount, because I will not get any amount of money illegal. so I will not need to hide the source of my income. However, my response depends on what my mood is, and what I'll do to those coins depends on what my mood is when I received them. Most probably however, I'd just save them for now since there's quite an expected rise in value. Title: Re: If you had suddenly 500 BTC Post by: greBit on July 14, 2016, 09:12:55 PM Wow! that is a good amount, This is pretty much the same thread as those what if I give you X bitcoins or something.I I get that amount and have to get withdraw that amount with an exchange to my bank account then I will provide the exact information to my bank from where I get that amount, because I will not get any amount of money illegal. so I will not need to hide the source of my income. However, my response depends on what my mood is, and what I'll do to those coins depends on what my mood is when I received them. Most probably however, I'd just save them for now since there's quite an expected rise in value. Yeah saving for future is good but we should sell some of them when price is high, as its a free money so we should sell it and enjoy life in best possible way. Title: Re: If you had suddenly 500 BTC Post by: PsursV on July 14, 2016, 09:23:49 PM Wow! that is a good amount, This is pretty much the same thread as those what if I give you X bitcoins or something.I I get that amount and have to get withdraw that amount with an exchange to my bank account then I will provide the exact information to my bank from where I get that amount, because I will not get any amount of money illegal. so I will not need to hide the source of my income. However, my response depends on what my mood is, and what I'll do to those coins depends on what my mood is when I received them. Most probably however, I'd just save them for now since there's quite an expected rise in value. Yeah saving for future is good but we should sell some of them when price is high, as its a free money so we should sell it and enjoy life in best possible way. Title: Re: If you had suddenly 500 BTC Post by: terman45x on July 14, 2016, 09:27:48 PM Wow! that is a good amount, This is pretty much the same thread as those what if I give you X bitcoins or something.I I get that amount and have to get withdraw that amount with an exchange to my bank account then I will provide the exact information to my bank from where I get that amount, because I will not get any amount of money illegal. so I will not need to hide the source of my income. However, my response depends on what my mood is, and what I'll do to those coins depends on what my mood is when I received them. Most probably however, I'd just save them for now since there's quite an expected rise in value. Yeah saving for future is good but we should sell some of them when price is high, as its a free money so we should sell it and enjoy life in best possible way. Yeah even if we hold that high amount in our wallet we should not stop working, we need to continue with earning bitcoins for safety of future. Title: Re: If you had suddenly 500 BTC Post by: mobilestrike on July 14, 2016, 09:28:48 PM Wow! that is a good amount, This is pretty much the same thread as those what if I give you X bitcoins or something.I I get that amount and have to get withdraw that amount with an exchange to my bank account then I will provide the exact information to my bank from where I get that amount, because I will not get any amount of money illegal. so I will not need to hide the source of my income. However, my response depends on what my mood is, and what I'll do to those coins depends on what my mood is when I received them. Most probably however, I'd just save them for now since there's quite an expected rise in value. Yeah saving for future is good but we should sell some of them when price is high, as its a free money so we should sell it and enjoy life in best possible way. That is good but the OP is asking that how will you withdraw that amount to your bank and what will be your source of income for that amount to your government? You can buy these things only if you withdraw that amount to your bank account or in fiat. Title: Re: If you had suddenly 500 BTC Post by: The_prodigy on July 14, 2016, 09:33:18 PM Wow! that is a good amount, This is pretty much the same thread as those what if I give you X bitcoins or something.I I get that amount and have to get withdraw that amount with an exchange to my bank account then I will provide the exact information to my bank from where I get that amount, because I will not get any amount of money illegal. so I will not need to hide the source of my income. However, my response depends on what my mood is, and what I'll do to those coins depends on what my mood is when I received them. Most probably however, I'd just save them for now since there's quite an expected rise in value. Yeah saving for future is good but we should sell some of them when price is high, as its a free money so we should sell it and enjoy life in best possible way. That is good but the OP is asking that how will you withdraw that amount to your bank and what will be your source of income for that amount to your government? You can buy these things only if you withdraw that amount to your bank account or in fiat. Yeah, even we have that kind of large money. We should not stop working. It is huge true but it can be lost also . Now, when it comes to transferring in a bank account. I suggest you should not just transfer it to one bank. Maybe create about 10 accounts then transfer 50 BTC each. I think that's unquestionable right ? And some you can invest to a trading site so your money will not continue to decrease as time passed but go to the opposite way. Title: Re: If you had suddenly 500 BTC Post by: starboyshuvo on July 14, 2016, 10:10:45 PM ill hold most of them...and sell some for buying a house !!!
Title: Re: If you had suddenly 500 BTC Post by: killerjoegreece on July 14, 2016, 10:13:52 PM How would you transfer the btc to your bank account without making the Banks / OECD / ask questions? And even if you get cash from localbitcoins someday the efforoties may ask you from where this car or how you bought this house.. What would you do ? I would gradually spend it otc end convert to use it or use it directly. thats a great plan Title: Re: If you had suddenly 500 BTC Post by: betohell on July 14, 2016, 10:31:36 PM Wow! that is a good amount, This is pretty much the same thread as those what if I give you X bitcoins or something.I I get that amount and have to get withdraw that amount with an exchange to my bank account then I will provide the exact information to my bank from where I get that amount, because I will not get any amount of money illegal. so I will not need to hide the source of my income. However, my response depends on what my mood is, and what I'll do to those coins depends on what my mood is when I received them. Most probably however, I'd just save them for now since there's quite an expected rise in value. Yeah saving for future is good but we should sell some of them when price is high, as its a free money so we should sell it and enjoy life in best possible way. Yeah even if we hold that high amount in our wallet we should not stop working, we need to continue with earning bitcoins for safety of future. he always worked and I think you should follow his Title: Re: If you had suddenly 500 BTC Post by: Crazygreek on July 14, 2016, 10:33:25 PM 500 bitcoins with $660 price would be very good now, on $330000 i can't easily buy a car and maybe even house, but anyway it's just a dreams.
Title: Re: If you had suddenly 500 BTC Post by: Doamader on July 14, 2016, 11:10:53 PM Wow! that is a good amount, This is pretty much the same thread as those what if I give you X bitcoins or something.I I get that amount and have to get withdraw that amount with an exchange to my bank account then I will provide the exact information to my bank from where I get that amount, because I will not get any amount of money illegal. so I will not need to hide the source of my income. However, my response depends on what my mood is, and what I'll do to those coins depends on what my mood is when I received them. Most probably however, I'd just save them for now since there's quite an expected rise in value. Yeah saving for future is good but we should sell some of them when price is high, as its a free money so we should sell it and enjoy life in best possible way. That is good but the OP is asking that how will you withdraw that amount to your bank and what will be your source of income for that amount to your government? You can buy these things only if you withdraw that amount to your bank account or in fiat. Title: Re: If you had suddenly 500 BTC Post by: brigadier2001 on July 14, 2016, 11:13:56 PM With that amount i would keep atleast 200BTC and spend the rest on finishing the house buying a car and maybe open a small project like a bakery a coffeshop or something like that
Title: Re: If you had suddenly 500 BTC Post by: Strongkored on July 15, 2016, 12:20:30 AM For that amount I do not think I'll send to my bank account, because it could be a question of the government because I work in the government and I may even accused of graft. I prefer to use that amount to an investment BTC :) hehe
Title: Re: If you had suddenly 500 BTC Post by: LiberOptions on July 15, 2016, 12:40:54 AM If I suddenly had 500 bitcoins I would use 90% of them to invest. The other 10% of them I would sell them and with the money I would have some real nice vacations
Title: Re: If you had suddenly 500 BTC Post by: fitraok09 on July 15, 2016, 01:06:48 AM 500 bitcoin suddenly when I have, I will give a half of my bitcoins to my mother and other poor peoples in around my home. and a half again I will make capital for to be entrepreneur ;D
I am serious LOL Title: Re: If you had suddenly 500 BTC Post by: madwica on July 15, 2016, 01:48:02 AM 500 bitcoin suddenly when I have, I will give a half of my bitcoins to my mother and other poor peoples in around my home. and a half again I will make capital for to be entrepreneur ;D That is great intention, for me if i have 500 btc this is a huge amount of money at first i will give 20% to our church then 30% i will give it to my parents and the rest of 50% i will threat my self i will spend what i want of course the start a business is included in the 50%.I am serious LOL Title: Re: If you had suddenly 500 BTC Post by: X7 on July 15, 2016, 01:54:22 AM How would you transfer the btc to your bank account without making the Banks / OECD / ask questions? And even if you get cash from localbitcoins someday the efforoties may ask you from where this car or how you bought this house.. What would you do ? Nice try Department of Justice :) Just pay your taxes and stop trying to skimp, its how you get arrested. Title: Re: If you had suddenly 500 BTC Post by: GreenBits on July 15, 2016, 02:10:41 AM I would disappear right off of the face of the earth. You will be able to find me on some tropical island where weed is legal. But seriously, i would probably convert half of it to fiat, and hold the rest hyper long term hoping for it to surge (just imagine the price a few halvings s from now). Would maybe look at investing in a btc denominated asset if that ever becomes a thing again.
Title: Re: If you had suddenly 500 BTC Post by: target on July 15, 2016, 02:28:25 AM I would disappear right off of the face of the earth. You will be able to find me on some tropical island where weed is legal. But seriously, i would probably convert half of it to fiat, and hold the rest hyper long term hoping for it to surge (just imagine the price a few halvings s from now). Would maybe look at investing in a btc denominated asset if that ever becomes a thing again. I would love to be with you on that island too puffing some dopes. Caribbean perhaps? Will try to buy a beach front properties if i have that amount and from there i will set up a wharf where i could just do fishing, plant veges and everything to sustain. Will travel using my boat everyday too living a dream. Title: Re: If you had suddenly 500 BTC Post by: fitraok09 on July 15, 2016, 02:57:31 AM 500 bitcoin suddenly when I have, I will give a half of my bitcoins to my mother and other poor peoples in around my home. and a half again I will make capital for to be entrepreneur ;D That is great intention, for me if i have 500 btc this is a huge amount of money at first i will give 20% to our church then 30% i will give it to my parents and the rest of 50% i will threat my self i will spend what i want of course the start a business is included in the 50%.I am serious LOL I can spend my bitcoins for all, and be an entrepreneur is can growth my bitcoins again with more much :) Title: Re: If you had suddenly 500 BTC Post by: rio3233 on July 15, 2016, 02:59:55 AM How would you transfer the btc to your bank account without making the Banks / OECD / ask questions? And even if you get cash from localbitcoins someday the efforoties may ask you from where this car or how you bought this house.. What would you do ? I will turn all my bitcoins into fiat with many exchanger in my country. Because if i'm do it only with 1 exchanger, they will ask something and i'm not like it. Title: Re: If you had suddenly 500 BTC Post by: abhishek94 on July 15, 2016, 03:05:33 AM How would you transfer the btc to your bank account without making the Banks / OECD / ask questions? And even if you get cash from localbitcoins someday the efforoties may ask you from where this car or how you bought this house.. What would you do ? Title: Re: If you had suddenly 500 BTC Post by: Mandoy on July 15, 2016, 03:16:46 AM If 500 BTC will suddenly come to my account I would prefer to to buy a car so I can go to places where I want to visit here in the Philippines. Because having a car will enable me to visit places and tourist spots with ease and no hustle. The remaining balance on my account will be allocated for an investment, preferably an online business.
Title: Re: If you had suddenly 500 BTC Post by: h3rlihy on July 15, 2016, 03:22:36 AM I'd find the nearest online roulette and put the lot on black.
Title: Re: If you had suddenly 500 BTC Post by: Sidas_Crew669 on July 15, 2016, 03:27:11 AM If 500 BTC will suddenly come to my account I would prefer to to buy a car so I can go to places where I want to visit here in the Philippines. Because having a car will enable me to visit places and tourist spots with ease and no hustle. The remaining balance on my account will be allocated for an investment, preferably an online business. Hahahah, you have a sense of humanity is very low. It's proven you instantly do things that can harm yourself and people who own those funds. So I hope you can do way better (give priority to restore those funds). If it does not you can find then you deserve to have it, but after some people recognize these funds then you must return it Title: Re: If you had suddenly 500 BTC Post by: daringdiscovered on July 15, 2016, 03:32:44 AM If i have 500 btc then i would divide it at different things like:
250 btc for my future 5btc for my remaining 2 years in college 2 or 3 btc to buy high-end desktop 10 btc to build a business 50 btc to invest at altcoin trading And the rest of it i will buy some solar panels and mining rigs to mine my own bitcoin. ;D Title: Re: If you had suddenly 500 BTC Post by: fitraok09 on July 15, 2016, 03:38:07 AM I'd find the nearest online roulette and put the lot on black. roulette is similar gambling. why are you spend your time only for playing roulette. still much way to double your bitcoins with easy :) Title: Re: If you had suddenly 500 BTC Post by: hendra147 on July 15, 2016, 03:54:19 AM How would you transfer the btc to your bank account without making the Banks / OECD / ask questions? And even if you get cash from localbitcoins someday the efforoties may ask you from where this car or how you bought this house.. What would you do ? I will turn all my bitcoins into fiat with many exchanger in my country. Because if i'm do it only with 1 exchanger, they will ask something and i'm not like it. better you save some for future reference, for me 500btc is very high , hope i reach it, buy a jet and im be richman B-) anyway with 500btc maybe in future you are the 10th richest in forbes ? Title: Re: If you had suddenly 500 BTC Post by: Btcvilla on July 15, 2016, 04:11:57 AM I wouldn't transfer the BTC to my bank account.
But if I had to, I would do it in small amounts when I need to/want to spend the money. I would spend the BTC without transferring it to usd. Title: Re: If you had suddenly 500 BTC Post by: fitraok09 on July 15, 2016, 04:21:08 AM How would you transfer the btc to your bank account without making the Banks / OECD / ask questions? And even if you get cash from localbitcoins someday the efforoties may ask you from where this car or how you bought this house.. What would you do ? I will turn all my bitcoins into fiat with many exchanger in my country. Because if i'm do it only with 1 exchanger, they will ask something and i'm not like it. better you save some for future reference, for me 500btc is very high , hope i reach it, buy a jet and im be richman B-) anyway with 500btc maybe in future you are the 10th richest in forbes ? the expectations for get 500 btc is great idea. how you will earn 500 btc as you would expect, and how long time do you need for get it. it's very impossible for me to get earn 500 bitcoin within a day. Title: Re: If you had suddenly 500 BTC Post by: patronis on July 15, 2016, 05:12:24 AM I wouldn't transfer the BTC to my bank account. But if I had to, I would do it in small amounts when I need to/want to spend the money. I would spend the BTC without transferring it to usd. Converting it sounds like digging your own grave doesnt it? I'm sure anyone would convert if it was desperate conditions but the idea of just converting it just to have it in their currency, in a bank or not, is asking to be shot or jailed. I definitely not quit my job but convert enough, or if I can I would use the BTC straight, to pay off any debt I have at that time and just live comfortably rather than doing something drastic as moving to an isolated island. But to each their own, to others I'm sure my plan sounds crazy. Title: Re: If you had suddenly 500 BTC Post by: dustboy on July 15, 2016, 12:43:59 PM 500btc is so big amount for me, if I had it suddenly so I will quit my job and create my own business. Although it sounds just like a day dreaming but nothing is impossible in this world as we meet our greatest luck :)
Title: Re: If you had suddenly 500 BTC Post by: naidray on July 15, 2016, 06:55:05 PM 500btc is so big amount for me, if I had it suddenly so I will quit my job and create my own business. Although it sounds just like a day dreaming but nothing is impossible in this world as we meet our greatest luck :) 500BTC is a big amount for the most of us, really. So it's not just for you. Think about it, right now, just how much do you think 500btc is worth? Nearly $340,000. That's around 6 years worth of salary from an average first worlder.I'd probably just hold it in for a little longer if I was to receive it now since the price might go up in the coming days. Title: Re: If you had suddenly 500 BTC Post by: bravehearth0319 on July 16, 2016, 06:02:35 PM If I have 500btc. I will bulid and established my own foundation for the children, and orphanage I will also used Bitcoin for any donation.
and lastly I will invest it here in cryptoworld create an altcoins that will adopt bitcoins also. :D Title: Re: If you had suddenly 500 BTC Post by: Cresciuanto on July 16, 2016, 08:36:01 PM If I have 500btc. I will bulid and established my own foundation for the children, and orphanage I will also used Bitcoin for any donation. interesting. what a noble idea. we will pray for you. but keep it in your mind that if you really get 500 bitcoin you will not break you promise and you will regularly inform us about the progress of our projects.and lastly I will invest it here in cryptoworld create an altcoins that will adopt bitcoins also. :D Title: Re: If you had suddenly 500 BTC Post by: martinacar on July 16, 2016, 09:07:22 PM If I have 500btc. I will bulid and established my own foundation for the children, and orphanage I will also used Bitcoin for any donation. interesting. what a noble idea. we will pray for you. but keep it in your mind that if you really get 500 bitcoin you will not break you promise and you will regularly inform us about the progress of our projects.and lastly I will invest it here in cryptoworld create an altcoins that will adopt bitcoins also. :D I would like to do something for children too, and 500 BTC will give you a lot of capital to make this come true. Either way when I have funds I will do such a thing. Title: Re: If you had suddenly 500 BTC Post by: ajun96 on July 16, 2016, 09:17:50 PM 500btc is so big amount for me, if I had it suddenly so I will quit my job and create my own business. Although it sounds just like a day dreaming but nothing is impossible in this world as we meet our greatest luck :) yeah 500 BTC is equivalent to $ 300k in the way you can a make any business using that much money for it. I would do the conversion to fiat first. yeah you know to save my money. I'm afraid there is something that does not want like the price down. and I will make-bussiness that wil bring me into a millionaireTitle: Re: If you had suddenly 500 BTC Post by: Decoded on July 16, 2016, 10:07:28 PM 500 btc is basically a days trading value for an exchange. If you dunno that all in at once, you can be sure that the price will drop exponentially. Don't - I repeat - DONT try to dump bitcoin into an exchange, numbnuts.
Title: Re: If you had suddenly 500 BTC Post by: john2231 on July 16, 2016, 10:21:57 PM 500btc is so big amount for me, if I had it suddenly so I will quit my job and create my own business. Although it sounds just like a day dreaming but nothing is impossible in this world as we meet our greatest luck :) yeah 500 BTC is equivalent to $ 300k in the way you can a make any business using that much money for it. I would do the conversion to fiat first. yeah you know to save my money. I'm afraid there is something that does not want like the price down. and I will make-bussiness that wil bring me into a millionaireReal business is the best if what is trending in your place.. before you can start it.. Title: Re: If you had suddenly 500 BTC Post by: diodio5 on July 18, 2016, 10:48:15 PM That's a huge amount. If I had such a volume of bitcoin, possibly I could have got a relaxed living without the pressure of earning to have a good living. yeah maybe I will retire early and enjoy the fruits of my wealth. 500 btc is equivalent to $300,000 that is a very big money even during my lifetime probably cost under $ 300k. but I will not do it. it is futile if I have 500 BTC certainly I would add my wealth again :D Title: Re: If you had suddenly 500 BTC Post by: Ruzka on July 18, 2016, 10:53:52 PM I would create a cheap gambling site or exchange, deposit some of the funds and make sure I win with proof of the win just incase needed. I would then sell them on localbitcoin and pay the tax on the bitcoin but not sure if it would be needed as it is won money. Either way via gambling or trading I would have some of the funds ready for the real world.
Title: Re: If you had suddenly 500 BTC Post by: chaosknight on July 18, 2016, 10:57:13 PM That's a huge amount. If I had such a volume of bitcoin, possibly I could have got a relaxed living without the pressure of earning to have a good living. yeah maybe I will retire early and enjoy the fruits of my wealth. 500 btc is equivalent to $300,000 that is a very big money even during my lifetime probably cost under $ 300k. but I will not do it. it is futile if I have 500 BTC certainly I would add my wealth again :D Yeah everyone will prefer to retire early and have fun in life as 500 btc is too huge amount to hold which can give us best luxury life which we have ever dreamed off. Title: Re: If you had suddenly 500 BTC Post by: pearnapple on July 18, 2016, 11:21:08 PM That's a huge amount. If I had such a volume of bitcoin, possibly I could have got a relaxed living without the pressure of earning to have a good living. yeah maybe I will retire early and enjoy the fruits of my wealth. 500 btc is equivalent to $300,000 that is a very big money even during my lifetime probably cost under $ 300k. but I will not do it. it is futile if I have 500 BTC certainly I would add my wealth again :D Yeah everyone will prefer to retire early and have fun in life as 500 btc is too huge amount to hold which can give us best luxury life which we have ever dreamed off. Title: Re: If you had suddenly 500 BTC Post by: cambda on July 18, 2016, 11:45:47 PM That's a huge amount. If I had such a volume of bitcoin, possibly I could have got a relaxed living without the pressure of earning to have a good living. yeah maybe I will retire early and enjoy the fruits of my wealth. 500 btc is equivalent to $300,000 that is a very big money even during my lifetime probably cost under $ 300k. but I will not do it. it is futile if I have 500 BTC certainly I would add my wealth again :D Yeah everyone will prefer to retire early and have fun in life as 500 btc is too huge amount to hold which can give us best luxury life which we have ever dreamed off. Nothing is impossible even if you don't get it for free then you can always make an effort to earn it and to reach near to a descent amount that can give you best life in future. Title: Re: If you had suddenly 500 BTC Post by: shinratensei_ on July 18, 2016, 11:46:43 PM That's a huge amount. If I had such a volume of bitcoin, possibly I could have got a relaxed living without the pressure of earning to have a good living. yeah maybe I will retire early and enjoy the fruits of my wealth. 500 btc is equivalent to $300,000 that is a very big money even during my lifetime probably cost under $ 300k. but I will not do it. it is futile if I have 500 BTC certainly I would add my wealth again :D Yeah everyone will prefer to retire early and have fun in life as 500 btc is too huge amount to hold which can give us best luxury life which we have ever dreamed off. Title: Re: If you had suddenly 500 BTC Post by: Bitcoinbro on July 20, 2016, 02:17:06 PM Maybe in portions of 5 BTC? I would sell halve of them right away because it would not be a bad idea to make some money right now. I then would save the the other halve for the future. Or just throw in into a tumbler and just cash out. What are the banks going to do about it :P... But if you have that many Bitcoin you know that you are going to make much money. Title: Re: If you had suddenly 500 BTC Post by: serjent05 on July 20, 2016, 04:25:29 PM If i had suddenly 500 BTC, (this can supply at least 3 generation from me) I will encash it slowly. then build me a profit generating business, then buy me a house and lot. Cars later. I would give 20% to the charity. And give some initial capital to my chosen relatives to help them establish a better living.
Title: Re: If you had suddenly 500 BTC Post by: PokerFace3 on July 20, 2016, 05:53:15 PM Maybe in portions of 5 BTC? I would sell halve of them right away because it would not be a bad idea to make some money right now. I then would save the the other halve for the future. Or just throw in into a tumbler and just cash out. What are the banks going to do about it :P... But if you have that many Bitcoin you know that you are going to make much money. Title: Re: If you had suddenly 500 BTC Post by: Elwar on July 20, 2016, 07:08:33 PM With 500 bitcoins you do this (as an American):
Create a business in the Caribbean and transfer your bitcoins to the business. Wait for the price to go up to the point that you can leave the US. Once it's at a high enough price, pay yourself a salary of $100,000 per year. As a US citizen living outside the US over 330 days per year you can exclude the first $100k of your salary from the income tax. You can also pay for things like a "company boat" or "company housing" with the company's bitcoins. You can also charge yourself housing as a business and that housing cost can be excluded from your income taxes as well. Or you keep accumulating more bitcoins while learning to live on bitcoins instead of messing around with fiat. Title: Re: If you had suddenly 500 BTC Post by: peta4e on July 20, 2016, 07:11:05 PM Maybe in portions of 5 BTC? I would sell halve of them right away because it would not be a bad idea to make some money right now. I then would save the the other halve for the future. Or just throw in into a tumbler and just cash out. What are the banks going to do about it :P... But if you have that many Bitcoin you know that you are going to make much money. yeah and I think that it can make us our dream come true as you can do anything once you hold that high amount in your wallet, I think you will be the king of the world. Title: Re: If you had suddenly 500 BTC Post by: richardsNY on July 20, 2016, 07:16:08 PM Maybe in portions of 5 BTC? I would sell halve of them right away because it would not be a bad idea to make some money right now. I then would save the the other halve for the future. Or just throw in into a tumbler and just cash out. What are the banks going to do about it :P... But if you have that many Bitcoin you know that you are going to make much money. 500 BTC is indeed a lot, but you'll find out how easy it is to burn through your stash once you start spending them on things. Then you'll see what's left of the 500 BTC you once had. Title: Re: If you had suddenly 500 BTC Post by: StoreBit on July 20, 2016, 07:58:42 PM Unless you got the dosh you'll never hold 500 BTC, but you can hold something better fundamentally, you can have 500 XMR by BTC's price in early 2011. i think it is just the supposition and not reality. but i will like to say that if i got 500 bitcoin it will certainly make me a rich person. i will turn change my whole life structure i think. Title: Re: If you had suddenly 500 BTC Post by: coinsocieties on July 20, 2016, 08:02:49 PM There s not reason to worry about transferring the Bitcoin to your bank and whether or not they would be asking questions of such. Bitcoin is considered an asset in most countries. Because of this, all you have to do is sell your asset and then transfer the funding to your financial institution. Only reason to worry would be if you are doing something illegal.
Title: Re: If you had suddenly 500 BTC Post by: praprata on July 20, 2016, 08:28:23 PM With 500 bitcoins you do this (as an American): Create a business in the Caribbean and transfer your bitcoins to the business. Wait for the price to go up to the point that you can leave the US. Once it's at a high enough price, pay yourself a salary of $100,000 per year. As a US citizen living outside the US over 330 days per year you can exclude the first $100k of your salary from the income tax. You can also pay for things like a "company boat" or "company housing" with the company's bitcoins. You can also charge yourself housing as a business and that housing cost can be excluded from your income taxes as well. Or you keep accumulating more bitcoins while learning to live on bitcoins instead of messing around with fiat. That's a good way to avoid paying taxes, but leaving your home country for 330+ days seems hard. I would rather invest this money into a venture and make it successful. Money needs to be active to grow it. Title: Re: If you had suddenly 500 BTC Post by: BeGoods on July 21, 2016, 03:02:51 AM If I have 500btc. I will bulid and established my own foundation for the children, and orphanage I will also used Bitcoin for any donation. interesting. what a noble idea. we will pray for you. but keep it in your mind that if you really get 500 bitcoin you will not break you promise and you will regularly inform us about the progress of our projects.and lastly I will invest it here in cryptoworld create an altcoins that will adopt bitcoins also. :D I would like to do something for children too, and 500 BTC will give you a lot of capital to make this come true. Either way when I have funds I will do such a thing. maybe I would have more confidence if you have previously donation Title: Re: If you had suddenly 500 BTC Post by: carlfebz2 on July 21, 2016, 03:39:36 AM if had that BTC for real then i would buy anything that i want., I wouldnt be worrying on spending it since it doesnt come from my wallet and hard work. Maybe some of it would be invested on trading and other ways to have passive income. %00 btc is a lot of money and you can do many things regarding to that amount.
Title: Re: If you had suddenly 500 BTC Post by: shashank5119 on July 21, 2016, 05:36:14 AM Firstly i will not sell all of 500BTC. may be hald i sell and half oh them i will hold.The one which i sell i withdraw one by one 4-5 BTC at once because there is no need to withdraw them all at once.But it wont invest any btc i will do nothing till i withdraw all of them.
Title: Re: If you had suddenly 500 BTC Post by: Pattart on July 21, 2016, 06:00:32 AM Unless you got the dosh you'll never hold 500 BTC, but you can hold something better fundamentally, you can have 500 XMR by BTC's price in early 2011. i think it is just the supposition and not reality. but i will like to say that if i got 500 bitcoin it will certainly make me a rich person. i will turn change my whole life structure i think. will be different once they get a prize. maybe I was crying and I' will change my life with the 500 btc Title: Re: If you had suddenly 500 BTC Post by: X7 on July 21, 2016, 06:02:07 AM How would you transfer the btc to your bank account without making the Banks / OECD / ask questions? And even if you get cash from localbitcoins someday the efforoties may ask you from where this car or how you bought this house.. What would you do ? Nice try department of justice. Title: Re: If you had suddenly 500 BTC Post by: DOGE12321 on July 21, 2016, 06:05:11 AM How would you transfer the btc to your bank account without making the Banks / OECD / ask questions? First of all I wouldn't sell all 500 Bitcoin unless the price is extremely high ($1000). I would sell some and store my rest somewhere safe. If you do sell 500BTC, then I would just say the exact reason to the efforoties and to the bank. After all, it isn't as if holding Bitcoin is illegal in most countries. And even if you get cash from localbitcoins someday the efforoties may ask you from where this car or how you bought this house.. What would you do ? Title: Re: If you had suddenly 500 BTC Post by: vdotcash on July 21, 2016, 06:17:47 AM How would you transfer the btc to your bank account without making the Banks / OECD / ask questions? Trade the BTC for gold and/or silver. Currently there are no laws in place that I am aware of that make this transaction taxable. Trading the metals for fiat when need be is also tax free and anonymous at any local coin shop. ;)And even if you get cash from localbitcoins someday the efforoties may ask you from where this car or how you bought this house.. What would you do ? Title: Re: If you had suddenly 500 BTC Post by: chichidori on July 21, 2016, 06:21:05 AM You can always sell it by portion of 5 in local bitcoins and cash it out via moneygram, western or any other means but avoid bank transfer. or if you want to double it invest on ICO coins but always read the and investigate.
Title: Re: If you had suddenly 500 BTC Post by: Lion87346 on July 21, 2016, 06:34:21 AM The Government treats Bitcoin like it does gold, when you sell Bitcoin you have to pay taxes on it.
Title: Re: If you had suddenly 500 BTC Post by: PinkyTheHater on July 21, 2016, 06:42:58 AM I buy 3btc of EXCL
1 Btc of Eth New home and rest I keep in safe Title: Re: If you had suddenly 500 BTC Post by: JeffBrad12 on July 21, 2016, 06:50:29 AM There s not reason to worry about transferring the Bitcoin to your bank and whether or not they would be asking questions of such. Bitcoin is considered an asset in most countries. Because of this, all you have to do is sell your asset and then transfer the funding to your financial institution. Only reason to worry would be if you are doing something illegal. Well, that's is will very risky. the bank security is very tight. not just getting some problem with the bank about your money but the local institution will feel suspicious about your amount. Title: Re: If you had suddenly 500 BTC Post by: Daneric on July 21, 2016, 06:54:17 AM If I suddenly received 500btc, I will not be in a hurry to bank the whole of it in one instance. Of course there are bitcoin wallets that can be used to store this amount. I will need several wallets that do not charge a lot of transaction fees and store them there. I will be withdrawing small amounts of 5btc or 10btc in a day, exchange and bank the fiat. In this way, no authority is going to question the amount of money that will be banked. Additionally, I will also consider purchasing of assets that will not raise eyebrows. Within one month, I am sure I will have exhausted the 500btc either by depositing in a bank or by having physical assets.
Title: Re: If you had suddenly 500 BTC Post by: Bitcoinbro on July 21, 2016, 07:28:55 AM I would sell some of them right away because much money can be made then but I would not sell them all at once.
Of course I would also hold on to the other so that I can even make more money with them. Title: Re: If you had suddenly 500 BTC Post by: Hilat on July 21, 2016, 10:01:30 AM Then I would spend them all right away because with 500 Bitcoin I can make enough even if the price is not that high.
I do not have the patient to be waiting any longer with that many Bitcoin. Title: Re: If you had suddenly 500 BTC Post by: BeGoods on July 22, 2016, 03:44:18 AM 500btc is so big amount for me, if I had it suddenly so I will quit my job and create my own business. Although it sounds just like a day dreaming but nothing is impossible in this world as we meet our greatest luck :) yeah 500 BTC is equivalent to $ 300k in the way you can a make any business using that much money for it. I would do the conversion to fiat first. yeah you know to save my money. I'm afraid there is something that does not want like the price down. and I will make-bussiness that wil bring me into a millionaireReal business is the best if what is trending in your place.. before you can start it.. Title: Re: If you had suddenly 500 BTC Post by: janggernaut on July 22, 2016, 03:47:20 AM Then I would spend them all right away because with 500 Bitcoin I can make enough even if the price is not that high. I think thats too much if you spend them all, if i had that amount, i'll spend too, but just around 250 btc, and hold the rest maybe btc price will going up.I do not have the patient to be waiting any longer with that many Bitcoin. Title: Re: If you had suddenly 500 BTC Post by: Doms on July 22, 2016, 04:54:26 AM Then I would spend them all right away because with 500 Bitcoin I can make enough even if the price is not that high. I think thats too much if you spend them all, if i had that amount, i'll spend too, but just around 250 btc, and hold the rest maybe btc price will going up.I do not have the patient to be waiting any longer with that many Bitcoin. Title: Re: If you had suddenly 500 BTC Post by: carlfebz2 on July 22, 2016, 05:06:37 AM Then I would spend them all right away because with 500 Bitcoin I can make enough even if the price is not that high. I think thats too much if you spend them all, if i had that amount, i'll spend too, but just around 250 btc, and hold the rest maybe btc price will going up.I do not have the patient to be waiting any longer with that many Bitcoin. Yes spending 500BTC would be hard to spend unless if youre buying a house and lot, a nice car, a business then you spend it all but i wouldnt recommend this kind of spending you must think first on spending those coins , you must put at thru your mind that bitcoins price would increase on the future and thats not the only thing you could buy on 500btc if btc price would reach in $2000/btc mark. Title: Re: If you had suddenly 500 BTC Post by: ardentvolcanoes on July 22, 2016, 05:07:03 AM Then I would spend them all right away because with 500 Bitcoin I can make enough even if the price is not that high. I think thats too much if you spend them all, if i had that amount, i'll spend too, but just around 250 btc, and hold the rest maybe btc price will going up.I do not have the patient to be waiting any longer with that many Bitcoin. Lmao if ever you or I have BTC500 we will become a instant millionaire because if I would convert it to my local currency which is phil. Peso I would instantly have around 15 million php so it means I have a lot money that I can even buy a condo unit or stay at hotel for a few months or weeks and buy my own house or a car . Imagination and daydreaming are free so theres nothing with it ;D Title: Re: If you had suddenly 500 BTC Post by: romero121 on July 22, 2016, 05:11:34 AM I would try to cash out for the requirement periodically, remaining will be saved within the wallet. In such a manner I'll teach my next generation to continue with my same wallet. Also by meeting traders personally banks can be avoided.
Title: Re: If you had suddenly 500 BTC Post by: Searing on July 22, 2016, 05:12:17 AM Well I'd be able to ponder this burning question first hand.....(at least with geeky girls) why would 500 btc make me more attractive? (yep..its a mystery) So if I suddenly had 500 btc at least to techy/geeky girls I'd be a lot more attractive (go figure?) Title: Re: If you had suddenly 500 BTC Post by: MFahad on July 22, 2016, 05:52:42 AM Then I would spend them all right away because with 500 Bitcoin I can make enough even if the price is not that high. I think thats too much if you spend them all, if i had that amount, i'll spend too, but just around 250 btc, and hold the rest maybe btc price will going up.I do not have the patient to be waiting any longer with that many Bitcoin. Lmao if ever you or I have BTC500 we will become a instant millionaire because if I would convert it to my local currency which is phil. Peso I would instantly have around 15 million php so it means I have a lot money that I can even buy a condo unit or stay at hotel for a few months or weeks and buy my own house or a car . Imagination and daydreaming are free so theres nothing with it ;D Title: Re: If you had suddenly 500 BTC Post by: abugseuf on July 22, 2016, 07:52:07 AM Then I would spend them all right away because with 500 Bitcoin I can make enough even if the price is not that high. I think thats too much if you spend them all, if i had that amount, i'll spend too, but just around 250 btc, and hold the rest maybe btc price will going up.I do not have the patient to be waiting any longer with that many Bitcoin. Lmao if ever you or I have BTC500 we will become a instant millionaire because if I would convert it to my local currency which is phil. Peso I would instantly have around 15 million php so it means I have a lot money that I can even buy a condo unit or stay at hotel for a few months or weeks and buy my own house or a car . Imagination and daydreaming are free so theres nothing with it ;D Title: Re: If you had suddenly 500 BTC Post by: GamingOn on July 22, 2016, 07:54:46 AM If I had 500 BTC out of the blue (i.e. same style as win the lottery) I'd seek a financial advisor as to how to wisely invest it. Don't get me wrong, I do invest in other projects in crypto but 500 BTC is a lot of money and you want professional advice how now to go crazy with it.
Title: Re: If you had suddenly 500 BTC Post by: bitdumper on July 22, 2016, 08:01:06 AM if i had 500btc then i am gonna leave bitcoin world any put all the money into bank and will take only the interest till i die. at least it will be more than enough for my pension.
Title: Re: If you had suddenly 500 BTC Post by: boybugs18 on July 22, 2016, 09:22:36 AM gonna exchange it bit by bit to avoid some suspicion even if its clean because there are some bad people want to have easy money like doing extortion or something . Use the money to develop myself and learn more about bitcoin so in the future I can make again 500 BTC from my hardwork and knowledge and also gonna secure myself using that much money.
Title: Re: If you had suddenly 500 BTC Post by: numanoid on July 22, 2016, 09:36:43 AM if i had 500btc then i am gonna leave bitcoin world any put all the money into bank and will take only the interest till i die. at least it will be more than enough for my pension. LOL? your sound like you're have no any planning in the future when you got those BTC500 . Dude, if i had same amount like yours, i'l open new bussiness for my family. (i think this is better than just put all your money in bank and wait for interest?)Title: Re: If you had suddenly 500 BTC Post by: eternalgloom on July 22, 2016, 09:45:27 AM if i had 500btc then i am gonna leave bitcoin world any put all the money into bank and will take only the interest till i die. at least it will be more than enough for my pension. LOL? your sound like you're have no any planning in the future when you got those BTC500 . Dude, if i had same amount like yours, i'l open new bussiness for my family. (i think this is better than just put all your money in bank and wait for interest?)Title: Re: If you had suddenly 500 BTC Post by: qiman on July 25, 2016, 07:25:42 AM First thing I would do is buy a house for my family, that way we would never have to pay rent again and then I would invest the rest to produce more of it and generate enough income to leave my day job and travel with my wife and family before we get too old to enjoy life.
Title: Re: If you had suddenly 500 BTC Post by: dunfida on July 25, 2016, 07:30:14 AM if i had 500btc then i am gonna leave bitcoin world any put all the money into bank and will take only the interest till i die. at least it will be more than enough for my pension. LOL? your sound like you're have no any planning in the future when you got those BTC500 . Dude, if i had same amount like yours, i'l open new bussiness for my family. (i think this is better than just put all your money in bank and wait for interest?)Its a better choice having a business than to put up all money on banks and waiting for the interest. Are you contented to that? :) If i were you invest into something that would give you more money, more than having a pension out of interest of banks as you stated. |