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Bitcoin => Bitcoin Discussion => Topic started by: D-law on October 13, 2021, 12:30:30 PM



Title: Advice: 1 BTC
Post by: D-law on October 13, 2021, 12:30:30 PM
This might be more personal as well confidential to we all, but if you're to share your thoughts or advice one on how to spend he's/her 1btc what would that be ?
Estate management ?
More in Bitcoin ?
Investment in the Stock market ?
Maybe your ideas might or will be helpful.


Title: Re: Advice: 1 BTC
Post by: Oshosondy on October 13, 2021, 12:37:01 PM
You can do whatever you like with your bitcoin, I do not think anyone need to advice you what you should do with your money, you can hold it, spend it, use it to buy stock or anything that can increase on value if you like, but never convert your coin to fiat and hold it in bank, that is the most foolish thing someone can do because fiat do depreciate.

But this will be my advice if you want advice, if you are not using the bitcoin, then hold it and buy more, it will worth more value if compared to fiat in the future.


Title: Re: Advice: 1 BTC
Post by: isaac_clarke22 on October 13, 2021, 12:45:21 PM
~
It is your Bitcoin. If you need more advice from what you can do with that 1 BTC, just hold it and leave it, considering that as of writing this, BTC is now priced at 55k. Do not bother with most of the altcoins if you are thinking of selling it, imo.


Title: Re: Advice: 1 BTC
Post by: ChiBitCTy on October 13, 2021, 12:52:26 PM
What everyone should be telling you is to consult a financial advisor. First off, great, you’ve got one bitcoin, but, what else do you have ? Meaning, what does your overall portfolio look like? Is it well diversified, are you on track for retirement, etc.  Once that is answered, then you’ll have a better idea what to do with that one bitcoin.


Title: Re: Advice: 1 BTC
Post by: btc_angela on October 13, 2021, 12:58:00 PM
It's really not advisable to seek financial advises here, as we are not professionals.

And we don't know where you living, some members here might be in a developing country and obviously that is a huge amount for them and can buy real state and could be set for life.

But if you are living in a country wherein the standard of living is very high, $55k is not that huge amount.


Title: Re: Advice: 1 BTC
Post by: Fundamentals Of on October 13, 2021, 01:00:06 PM
What exactly is the question? What my advice is to someone who owns 1 BTC? Is that it? I am confused because there is another option to have more Bitcoin.

If I have 1 BTC myself, I wouldn't be converting it to fiat in order to invest in another opportunity. Bitcoin is better than estate management, stock market, etc, so I would choose to have it as 1 BTC. The future of Bitcoin is bullish. Even in the short term, I mean within the year alone, the target for Bitcoin is to reach $100,000. That's more than double in just a quarter. Can any other investment opportunity provide that possibility?


Title: Re: Advice: 1 BTC
Post by: Wexnident on October 13, 2021, 01:10:00 PM
Let it sit as Bitcoin maybe? Honestly, if you had the money to invest 1 Bitcoin, I'd believe you'd also have enough money to invest in a bunch of other stuff without affecting your life. If not, and you can't afford to invest more, then I'd suggest spreading it, make your portfolio bigger, but don't lose out on your investment in Bitcoin itself. Maybe leave half? Then invest the rest in altcoins, stocks, land, etc, whatever you want really, up to you. Make money using money and you'd honestly be fine.


Title: Re: Advice: 1 BTC
Post by: DooMAD on October 13, 2021, 01:10:31 PM
The problem with asking questions like this is that, sooner or later, someone unscrupulous is going to tell you about a "fantastic investment opportunity" which is actually just a scam.  When you advertise to the world that you have wealth, a conman will probably attempt to part you from it.  You really have to be extra careful when soliciting advice from strangers on the internet.  Speak to a professional.  It's far safer.


Title: Re: Advice: 1 BTC
Post by: BitMaxz on October 13, 2021, 01:13:48 PM
Well for me if I have that amount of BTC and living in the country with a cheap electricity rate then I will start a small mining farm.
Because I believe that I could make more profit on mining than holding it and the ROI depends on how cheap your Electricity rate in your area and depends on what miner you bought.

This is not recommended for non-believer but for me, this is what I think that I'd like to do with 1 BTC.

Another option is trading but if you don't have knowledge about trading then it's very risky because you can lose a lot if you don't know how trading works and how the market works.
So the best for me is to start a small mining farm.

Be careful on cloud mining this is not what I'm talking about they are most likely scam.


Title: Re: Advice: 1 BTC
Post by: DooMAD on October 13, 2021, 01:21:04 PM
Well for me if I have that amount of BTC and living in the country with a cheap electricity rate then I will start a small mining farm.
Because I believe that I could make more profit on mining than holding it and the ROI depends on how cheap your Electricity rate in your area and depends on what miner you bought.

This is not recommended for non-believer but for me, this is what I think that I'd like to do with 1 BTC.

Another option is trading but if you don't have knowledge about trading then it's very risky because you can lose a lot if you don't know how trading works and how the market works.
So the best for me is to start a small mining farm.

But let's also be clear that it's possible to lose money attempting to do this.  Investing in hardware is a calculated gamble.  Return on investment is by no means guaranteed.  Mining is effectively a fiercely competitive arms race.  Not for the feint of heart.

Make absolutely sure you know exactly what you are doing before you enter down this path.


Title: Re: Advice: 1 BTC
Post by: witcher_sense on October 13, 2021, 01:24:36 PM
Anyone giving you financial advice would be morally responsible for potential losses that you might incur, so please do not ask other users about how you should spend your bitcoin. Anyway, most people would be more interested in how to obtain 1 btc, rather than how to spend it. Because, you know, if you live outside the US in some third-world country, such a big amount of money could be life changing. Moreover, given that the total supply of bitcoin is fixed and more and more people begin to consider bitcoin a good means to hedge against the disadvantages of the traditional monetary system we have today, it is becoming evident that the price of bitcoin will go up while the amount of bitcoin you need to change your life will go down. As for me, I woudn't spend something that will surely be more valuable in the future.


Title: Re: Advice: 1 BTC
Post by: DarkDays on October 13, 2021, 01:35:51 PM
This might be more personal as well confidential to we all, but if you're to share your thoughts or advice one on how to spend he's/her 1btc what would that be ?
Estate management ?
Yes, this could be a nice way to implement something that can be store of value as well as capital appreciation outside of the crypto volatility markets.

Quote
More in Bitcoin ?
Why not? If you really are a maximalist and believe that BTC can only go higher from here then don't sell any BTC and accumulate instead. Many people are doing exactly that but you should DYOR before committing to anything.

Quote
Investment in the Stock market ?

To be honest, why would somebody want to go with the traditional stocks and shares markets? Even they aren't that stable or guaranteed, still poses a risk. So in my opinion if you're going to take a risk make it worth while.


Title: Re: Advice: 1 BTC
Post by: swogerino on October 13, 2021, 01:42:58 PM
That is a very broad question leaving space to multiple answers.However the best answer which I can give is the one what I would myself do with 1 Bitcoin right now at an average cost of 55.000 US dollars.Here where I live you can buy a house with such money and we all know that real estate only increases in value over time so it could be a good long term investment.

You can opt to put in the bank to receive interest but it is ridiculous the amount any bank offers so this is a no go option.You can buy a good car for yourself at 20.000 dollars and another 20.000 you build a few mining rigs while keeping the remaining 15.000 to spend as you like.


Title: Re: Advice: 1 BTC
Post by: electronicash on October 13, 2021, 01:47:51 PM
op is looking for new investment i guess since he mentioned stocks and real estate. this reallt depend on what op's interest.  stocks is dwindling as well so you cant go there too. 1btc is not enough for real estate as well. property prices are sky high today.

if its me i just trade btcusdt to make profit or just keep holding it.


Title: Re: Advice: 1 BTC
Post by: hannahB4 on October 13, 2021, 02:39:00 PM
For me, I will ask myself what the reason for having the Bitcoin, but if is just earned somehow, I will divide it into two, invest one half back to bitcoin for the other half I will invest into my Catering business as well as my orphanage home.


Title: Re: Advice: 1 BTC
Post by: Ucy on October 13, 2021, 03:10:53 PM
Better to go into business you are talented/skilled in and passionate about. Atleast that will help you with patience to see it succeed.
You should learn first or learn through experience by starting small with part of the Bitcoin to avoid taking big risk or gambling. Once you start becoming consistently profitable in the business, you can gradually scale it up with more Bitcoin. Don't spend the whole money on the business at once unless you are very certain you can grow it and  won't lose it.


Use the business to benefit others. I think you could create safe products or services that can be very useful to people. They should be so useful and hard to resist. They should be affordable too. People of any economic class should be able to afford it.



Title: Re: Advice: 1 BTC
Post by: pawanjain on October 13, 2021, 03:43:17 PM
If I were to invest 1 BTC then I would rather choose to diversify the amount into various investments. I already have a list of investments though.

Cryptocurrency - why not buy some altcoins or hold some of your BTC for the future
Stocks - handpick some stocks and invest in it for long term
Gold - always a safe and good investment
Real Estate - I have  a craze for it
Startup - Always wanted to invest in startups and own business that could yield me passive income



Title: Re: Advice: 1 BTC
Post by: noorman0 on October 13, 2021, 03:45:32 PM
If that's you, you have options that it's hard to be sure it will fit while we don't know your background, abilities, environment. What if I would summarize into 2 options:
- Meet your financial advisor, they will suggest a proportional business
- Hold your bitcoins instead of investing in other things  (my advice as BTC enthusiast)

-snip-
More in Bitcoin ?
You want to spend 1 bitcoin to get more bitcoins?  ???
Tell me an example of this business (other than trading)


Title: Re: Advice: 1 BTC
Post by: zasad@ on October 13, 2021, 03:56:30 PM
If that's you, you have options that it's hard to be sure it will fit while we don't know your background, abilities, environment. What if I would summarize into 2 options:
- Meet your financial advisor, they will suggest a proportional business
- Hold your bitcoins instead of investing in other things  (my advice as BTC enthusiast)

-snip-
More in Bitcoin ?
You want to spend 1 bitcoin to get more bitcoins?  ???
Tell me an example of this business (other than trading)
Maybe he wrote about mining.
In a growing market, this will be a dubious investment, but in a falling market that can last 1 year or more, it can be a good investment.
Of course, you need to have access to cheap electricity and have a little experience.
Or invest in some DeFi project to lose coins :)


Title: Re: Advice: 1 BTC
Post by: Alert31 on October 13, 2021, 04:12:34 PM
This might be more personal as well confidential to we all, but if you're to share your thoughts or advice one on how to spend he's/her 1btc what would that be ?
Estate management ?
More in Bitcoin ?
Investment in the Stock market ?
Maybe your ideas might or will be helpful.

I think if you have 1btc you already have a plan on how to spend or to invest it. No need to listen to others advice because sometimes it doesn't have a good result if you did it against your will. You are already an investor so, investing is your first move but if you are materialistic I think you will spend your one 1btc on buying things that you want. Everything and every decision is depends on you who owned that bitcoin. If I have such amount of bitcoin, i will divided it into savings, investment either in bitcoin or real state then the small portion is for spending.


Title: Re: Advice: 1 BTC
Post by: batang_bitcoin on October 13, 2021, 04:25:05 PM
This might be more personal as well confidential to we all, but if you're to share your thoughts or advice one on how to spend he's/her 1btc what would that be ?
Estate management ?
More in Bitcoin ?
Investment in the Stock market ?
Maybe your ideas might or will be helpful.
Spending bitcoin to gain more bitcoin means that you'll have to trade it or do something like buying and selling of goods and profit there shall be  converted to bitcoin again. IMHO, what I'll do with 1 btc is that I'll just hold it. I might sell but not for now and will invest the profit into real estate. I think that's the best option next bitcoin if I just want to take most profits into another investment. I wouldn't get into stocks after selling bitcoin, it's better to keep it.


Title: Re: Advice: 1 BTC
Post by: UserU on October 13, 2021, 04:46:06 PM
Some custodial accounts offer up to 6.25% APY in case you want to park your BTC, just saying.


Title: Re: Advice: 1 BTC
Post by: Kakmakr on October 13, 2021, 05:07:08 PM
I like to have a balanced portfolio ...with a good distribution of wealth between low / medium / high risk investments. So .... let's say someone gift me 1 bitcoin... I will convert some of that bitcoin to fiat and then buy some shares and also buy some Gold and Silver and also buy some more Alt coins with potential.  ;)

It is never a good idea to have all eggs in one basket.... so diversify into low / medium and high risk investments for a higher future profit potential to beat inflation.  ;)


Title: Re: Advice: 1 BTC
Post by: LoyceV on October 13, 2021, 05:14:02 PM
What everyone should be telling you is to consult a financial advisor.
That seems excessive for a total of about $50k. Here, a financial advisor starts at about €100 per hour, and chances are they have no idea how Bitcoin works.

This might be more personal as well confidential to we all, but if you're to share your thoughts or advice one on how to spend he's/her 1btc what would that be ?
Estate management ?
More in Bitcoin ?
Investment in the Stock market ?
Maybe your ideas might or will be helpful.
As always: it depends :P If all you have is that 1 Bitcoin, diversifying into the stock market isn't such a bad idea. But on the other hand, that 1 Bitcoin has been doing much better than the stock market, so it might pay off to ride it out a bit longer.

Taxes might be a thing too, depending on where you live.



I would like to diversify, but only when I reach "FU status". Once I reach it, I want to keep it, but as long as I don't reach it, I'll just enjoy the ride (up more than down).


Title: Re: Advice: 1 BTC
Post by: bL4nkcode on October 13, 2021, 05:46:44 PM
With the current market, you will enjoy small things if you want to buy anything for yourself only if you bought it much lower than 40k and get profit till now.

Now, if this 1 btc is your investment allocation and you have funds for your daily needs at least for 3 years, and whether you bought it lower than 35k or 50k, or you will buy it later, there's nothing better than to hold and enjoy $$$ profit after years.


Title: Re: Advice: 1 BTC
Post by: Bitstar_coin on October 13, 2021, 06:08:51 PM
Real Estate investment is good but to me I think I would rather leave it in btc to value more, between which other investment is as profitable as btc at present, beside the market volatility I consider putting in btc the best thing to do, or perhaps you can split it, half I'm btc and half in real estate so that you don't put all your eggs in one basket.


Title: Re: Advice: 1 BTC
Post by: Imran232 on October 13, 2021, 07:16:32 PM
I think you can suggest it yourself better than others. If you can spend hours researching and you trust yourself, then you can invest in altcoins for short trades and take profit. Or if you can give your time to trading, then you can jump into trading. If you think both are risky for you, then just hold on until you are satisfied with your profit. Look, I suggest these 3 things because if you want to gain something, you should believe in yourself. And you should stop copying others. You can take inspiration from the following, but don't copy and paste.


Title: Re: Advice: 1 BTC
Post by: Dread Pirate Roberts on October 13, 2021, 09:56:10 PM
This might be more personal as well confidential to we all, but if you're to share your thoughts or advice one on how to spend he's/her 1btc what would that be?
Estate management ? More in Bitcoin ? Investment in the Stock market ? Maybe your ideas might or will be helpful.

With a budget of 1 BTC you can get a big profit by trading bitcoin with the same amount of risk. it all depends on the wishes and beliefs of each person. I'm currently happy to try Staking and NFT games. maybe I'll spend on some things like this and take the time to do research in choosing an investment project that I believe will give me a profit.in the end you will take the risk to get more .so choose what you really believe in and knowing.


Title: Re: Advice: 1 BTC
Post by: stomachgrowls on October 13, 2021, 10:17:43 PM
This might be more personal as well confidential to we all, but if you're to share your thoughts or advice one on how to spend he's/her 1btc what would that be ?
Estate management ?
More in Bitcoin ?
Investment in the Stock market ?
Maybe your ideas might or will be helpful.
Current price of 1 Bitcoin as of my writing $57,500 which i could say an already a big amount of money for you to invest on.When you are in torn between choices of investment then you do all have the full control since its your money after all.

No one can stop you if you do ever decide to put up on stocks, stick with bitcoin or real estate but overall we do know that diversification is always been ideal because you could have lots
of sources whenever you do talk about possible profits but of course the risk would be always there but at least you do have several options for you to recover
and thats the advantage of diversification.

Your money then its your full control.


Title: Re: Advice: 1 BTC
Post by: Shenzou on October 13, 2021, 10:42:39 PM
This might be more personal as well confidential to we all, but if you're to share your thoughts or advice one on how to spend he's/her 1btc what would that be ?
Estate management ?
More in Bitcoin ?
Investment in the Stock market ?
Maybe your ideas might or will be helpful.
Reaching the goal of having 1BTC is a dream for a lot of  people, and i really think that you should spend some good time figuring out what to do with it, apart from enjoying life and spending some of it on buying things or going on vacation for example because you may never know what the future hold and you should enjoy it while you can, but also you should try to invest it in some real estate, because even if you are not going to be using it for resedincance you can always rent it and gain money from it.


Title: Re: Advice: 1 BTC
Post by: lalabotax on October 13, 2021, 11:29:16 PM
..
First of all, what is your financial purpose?
Do you like investing?
if you have already that 1BTC, at what rate did you buy? DO you get the profits?
Do you know already the risks of investing in Bitcoin, other cryptos, and also stocks market?
What kind of investment do you really know and udnerstand?
I will suggest you invest in something that you really understand.
You can learn at first and you will know the best way to spend your BTC. If you want to cash out them, I will prefer to not cashing out all, but only a part and use them for offline business or investment.
But once more, do your own research and consideration wisely and smartly.


Title: Re: Advice: 1 BTC
Post by: Welsh on October 14, 2021, 12:03:45 AM
It probably isn't all that wise to seek investment advice off those that are going to be biased to Bitcoin. Basically, as you can see most of us will suggest that you keep it in Bitcoin, after all Bitcoin has shown throughout its short history that it has kept going up, and hitting new highs.

Although, I'll recommend something different; if you are seeking financial advice then seek a professional, and not someone on this forum. Though, I think largely these types of professionals are blagging it, so choosing one might be difficult.

So, do your own research. Look at what could effect Bitcoin in the short term, what could effect it in the long term, and decide whether it would be best to keep that 1 Bitcoin, and let it potentially appreciate in value, or use it to invest in something else. No one can tell you what to invest it in, since it's your money. However, even if you wanted to invest it into something else, you could probably only invest it into something which has the potential to give you less money over time.

At the moment, Bitcoin is a exciting technology, and with that comes a certain hype, plus because a few of us actually think it's revolutionary it has the small chance of becoming a mainstream currency. If that were to happen it's likely that Bitcoin would see a exponential value increase. Also, Bitcoin has probably been the most profitable investment in the last ten years, and it hasn't shown any indications of it slowing down. Though, that's not to say that it won't slow down or even completely stop being profitable.

Okay, so I've given you conflicting views there, but my opinion is; there are certain things that Bitcoin has to overcome for it to become a mainstream currency, I use the phrase "small chance" because I believe currently there is a small chance because it has certain problems it needs to overcome. Once of the major ones I think is; complexity for the general public, which has improved significantly since its creation, but it still has a long way to go before mass adoption. Luckily, even if it wasn't to become a mainstream currency, there is still indications that it'll be profitable. Basically, Bitcoin allows you to manage your own money, therefore you control it. In the modern world, this is rare, most people need to use banks, because that's how they get paid, and that's what their loan companies or landlords require. Therefore, they are almost forced into using a third party to manage their money. On top of this; you are then introducing inflation, because there is no cap on the amount the government can inject into circulation. Bitcoin on the other hand is somewhat deflationary by design, therefore the longer it is in use, and popular the more likely it's to appreciate in value. This is what we've seen consistency over the years, and if you were to compare Bitcoin to any other investment, I would bet you'd come to the conclusion that Bitcoin would have been the investment with the highest return.

Despite this, there's no guarantees in life, and ultimately it's down to you, and your personal judgement on what, and how to handle your money. However, this is something that is ingrained into every person who uses Bitcoin, since it's the only currency which realistically allows you to do so.


Title: Re: Advice: 1 BTC
Post by: electronicash on October 14, 2021, 06:28:47 AM
Some custodial accounts offer up to 6.25% APY in case you want to park your BTC, just saying.

a lot of them offer such but i'm not sure how good the idea is when it comes to ownership of the BTC anymore. when you deposit or send the BTC out your wallet, it's obviously not yours anymore. It could earn you money but it's trusting them that is risky. Nexo offers 12% for our Idle Assets. it's popular and has insurance thru BitGo.  in the real world, offers like this is actaully very high that you will look to it as a too good to be true offer.

BlockFI and Nexo I believe are compliant and have been around for years also. It's all up to you.


Title: Re: Advice: 1 BTC
Post by: Wildwest on October 14, 2021, 07:06:24 AM
If you have 1 bitcoin, of course investing is the best way to double your bitcoin assets, because for now many altcoins that you can hold for big profits, and your capital of 1 bitcoin is very large to buy other potential coins, but this all depends on your wishes because a lot of the advice we give is certainly different then your own thinking is the right choice, And in the world of bitcoin we have a lot of risk in making investments so you also have to be careful not to let your 1 bitcoin just disappear.


Title: Re: Advice: 1 BTC
Post by: o48o on October 14, 2021, 09:22:52 AM
This might be more personal as well confidential to we all, but if you're to share your thoughts or advice one on how to spend he's/her 1btc what would that be ?
Estate management ?
More in Bitcoin ?
Investment in the Stock market ?
Maybe your ideas might or will be helpful.

How do you spend more to bitcoin with one bitcoin? Do you mean leverage trading? I would stay off from that unless you are feeling very lucky, because with leverage, there's a real change of losing a LOT.

And what comes to other stuff, you can invest poorly by your own with stocks real estate or with cryptocurrencies when you have no idea what you are doing. If you want safety, contact an expert. If you want high risk high reward scenario, invest cryptos (but do research, not just any cryptos).


Title: Re: Advice: 1 BTC
Post by: Farma on October 14, 2021, 10:30:27 AM
the purpose of owning bitcoin can only be determined by the person holding it. there are so many choices when you have 1 bitcoin in your wallet, for example
in business

  • real estate investment
  • buy shares in big companies in your country
  • create a company that can employ other people
  • buy land or gold for further investment
  • Become an investor for business with your trusted people
  • buy a garden and develop it
and much more

To spend it for fun

  • you can buy a nice car with 1 bitcoin
  • buy a motorbike
  • vacation to various places in several countries
etc

it all depends on what you want to use it for.


Title: Re: Advice: 1 BTC
Post by: LogitechMouse on October 14, 2021, 11:40:27 AM
This might be more personal as well confidential to we all, but if you're to share your thoughts or advice one on how to spend he's/her 1btc what would that be ?
Estate management ?
More in Bitcoin ?
Investment in the Stock market ?
Maybe your ideas might or will be helpful.
You are right that asking a question like this would be better if you will just not ask it to us because its more of a personal question and a confidential one like you said.

But if I will be on that situation and I want to spend 1BTC, I might diversify it more into different assets. Altcoins, Mutual Funds, Blue Chip Stocks and keeping some into top coins are the things that I will do. Maybe most of us will prefer to just let 1BTC be hold because many believe that it will have more value in the next years. It might be true but I like to diversify more than just putting it into 1 asset :).


Title: Re: Advice: 1 BTC
Post by: D-law on October 19, 2021, 05:45:52 AM
It probably isn't all that wise to seek investment advice off those that are going to be biased to Bitcoin. Basically, as you can see most of us will suggest that you keep it in Bitcoin, after all Bitcoin has shown throughout its short history that it has kept going up, and hitting new highs.

Although, I'll recommend something different; if you are seeking financial advice then seek a professional, and not someone on this forum. Though, I think largely these types of professionals are blagging it, so choosing one might be difficult.

So, do your own research. Look at what could effect Bitcoin in the short term, what could effect it in the long term, and decide whether it would be best to keep that 1 Bitcoin, and let it potentially appreciate in value, or use it to invest in something else. No one can tell you what to invest it in, since it's your money. However, even if you wanted to invest it into something else, you could probably only invest it into something which has the potential to give you less money over time.

At the moment, Bitcoin is a exciting technology, and with that comes a certain hype, plus because a few of us actually think it's revolutionary it has the small chance of becoming a mainstream currency. If that were to happen it's likely that Bitcoin would see a exponential value increase. Also, Bitcoin has probably been the most profitable investment in the last ten years, and it hasn't shown any indications of it slowing down. Though, that's not to say that it won't slow down or even completely stop being profitable.

Okay, so I've given you conflicting views there, but my opinion is; there are certain things that Bitcoin has to overcome for it to become a mainstream currency, I use the phrase "small chance" because I believe currently there is a small chance because it has certain problems it needs to overcome. Once of the major ones I think is; complexity for the general public, which has improved significantly since its creation, but it still has a long way to go before mass adoption. Luckily, even if it wasn't to become a mainstream currency, there is still indications that it'll be profitable. Basically, Bitcoin allows you to manage your own money, therefore you control it. In the modern world, this is rare, most people need to use banks, because that's how they get paid, and that's what their loan companies or landlords require. Therefore, they are almost forced into using a third party to manage their money. On top of this; you are then introducing inflation, because there is no cap on the amount the government can inject into circulation. Bitcoin on the other hand is somewhat deflationary by design, therefore the longer it is in use, and popular the more likely it's to appreciate in value. This is what we've seen consistency over the years, and if you were to compare Bitcoin to any other investment, I would bet you'd come to the conclusion that Bitcoin would have been the investment with the highest return.

Despite this, there's no guarantees in life, and ultimately it's down to you, and your personal judgement on what, and how to handle your money. However, this is something that is ingrained into every person who uses Bitcoin, since it's the only currency which realistically allows you to do so.

Big Thanks for the much insight, grabbed a whole lot.
Despite all of this my idea is best and getting a professional for more insight.
Thank you....You will be grand


Title: Re: Advice: 1 BTC
Post by: D-law on October 19, 2021, 05:50:45 AM
This might be more personal as well confidential to we all, but if you're to share your thoughts or advice one on how to spend he's/her 1btc what would that be ?
Estate management ?
More in Bitcoin ?
Investment in the Stock market ?
Maybe your ideas might or will be helpful.
You are right that asking a question like this would be better if you will just not ask it to us because its more of a personal question and a confidential one like you said.

But if I will be on that situation and I want to spend 1BTC, I might diversify it more into different assets. Altcoins, Mutual Funds, Blue Chip Stocks and keeping some into top coins are the things that I will do. Maybe most of us will prefer to just let 1BTC be hold because many believe that it will have more value in the next years. It might be true but I like to diversify more than just putting it into 1 asset :).

Putting all of your eggs in a basket ain't no good one at all.
Investment in top coins aside Bitcoin, the crypto currency sphere can be so unpredictable,some coins can still rise to a level maybe almost as Bitcoin.
So this is a much bigger and better idea...this will go a longer way.


Title: Re: Advice: 1 BTC
Post by: davis196 on October 19, 2021, 05:56:02 AM
I can assume that OP doesn't have one Bitcoin.He's just a asking a question about a potential case scenario.
OP,if you really have one BTC,then congratulations.You are richer and more successful than 99% of all Bitcoiners so seeking financial advise from people,who are less successful than you are seems kinda stupid to me.
Does a rich person seek financial advise from the poor people?Nope... ;D
Anyway,If you don't really have one BTC,then the entire discussion is just gibberish.It's like asking "What will you buy or invest with the money,if you win the jackpot?"There's no point of such questions.


Title: Re: Advice: 1 BTC
Post by: Rishabh riyz on October 23, 2021, 01:34:48 PM
This might be more personal as well confidential to we all, but if you're to share your thoughts or advice one on how to spend he's/her 1btc what would that be ?
Estate management ?
More in Bitcoin ?
Investment in the Stock market ?
Maybe your ideas might or will be helpful.

if I would give a suggestion it would be to study and understating the crypto market  , then after thoroughly doing your own research or asking some professionals in crypto trading start inter crypto trade  with half of you BTC, well bitcoins aren't the only digital crypto currency that is growing , there are many altcoins also ,
although bitcoins are growing but altcoins are being promotes as well , for example we saw the rose of DOGE and Ripple
the returns on DOGE and from March 2021 to May 2021 were 1400% more than bitcoins.   


Title: Re: Advice: 1 BTC
Post by: so98nn on October 23, 2021, 01:42:29 PM
You can do whatever you like with your bitcoin, I do not think anyone need to advice you what you should do with your money, you can hold it, spend it, use it to buy stock or anything that can increase on value if you like, but never convert your coin to fiat and hold it in bank, that is the most foolish thing someone can do because fiat do depreciate.

But this will be my advice if you want advice, if you are not using the bitcoin, then hold it and buy more, it will worth more value if compared to fiat in the future.

Exactly just hold it. In the current times when bitcoin is about to get adopted even in the real market, and already in process of ETF approval application its great idea to hold this coin and groom it for future profits. Gosh, if I had 1 BTC then I would have sold it at the current ATH and would again bought more once the price has moved down the road. Keep repeating this until you double the bitcoin.  :P

I would not even advice you to sell your coins for the altcoins and not even in stablecoins because that would similar to selling it to the fiat currency.
In the current timing you at least have assurance of high resistance of bitcoin to the market. Future is way bright, dont sell it. Grow it!


Title: Re: Advice: 1 BTC
Post by: bitcampaign on October 23, 2021, 02:20:16 PM
This might be more personal as well confidential to we all, but if you're to share your thoughts or advice one on how to spend he's/her 1btc what would that be ?
Estate management ?
More in Bitcoin ?
Investment in the Stock market ?
Maybe your ideas might or will be helpful.
there are not many financial advisors on this forum, but you need to seek financial advice for yourself, you don't have to ask everyone here and worry that your finances will be messed up, I only suggest that your finances are properly managed so find your personal financial advisor


Title: Re: Advice: 1 BTC
Post by: pinggoki on October 23, 2021, 02:33:22 PM
I'd take Shaq's spending advice when deciding on how to divvy your 1 btc which is approximately 66k last time I checked. He said that whatever you earn, save 50/invest 50% of it in something that will secure your wealth or give you ROI, and then divide the remaining 50% into 2, saving the other for retirement, while the remaining 25% of your whole profit could be spent on whatever you want. Obviously this will only work if you can rake in big money like he does so I guess earning 1 btc should still allow you to do this.
This might be more personal as well confidential to we all, but if you're to share your thoughts or advice one on how to spend he's/her 1btc what would that be ?
Estate management ?
More in Bitcoin ?
Investment in the Stock market ?
Maybe your ideas might or will be helpful.
there are not many financial advisors on this forum, but you need to seek financial advice for yourself, you don't have to ask everyone here and worry that your finances will be messed up, I only suggest that your finances are properly managed so find your personal financial advisor
yeah. Properly seeking professional advice should work too. It's not like there's no valuable suggestions and strategies in this forum, it's more on the professional side of things, and having someone who would follow through your progress as time passes by. Hiring a personal financial assistant does not come cheap tho, and from where I live, includes some form of contracts and benefits as well as responsibilities that both you and the financial advisor should follow, like insurance and stuff. Then again, it's OP's personal choice at the end of the day.


Title: Re: Advice: 1 BTC
Post by: Blawpaw on October 23, 2021, 03:09:04 PM
This might be more personal as well confidential to we all, but if you're to share your thoughts or advice one on how to spend he's/her 1btc what would that be ?
Estate management ?
More in Bitcoin ?
Investment in the Stock market ?
Maybe your ideas might or will be helpful.

If I were to invest 1BTC in something other than the cryptocurrency it would be in Real estate. With the current price, you can perhaps buy a house and real estate property is always a good investment. If not, I would try to duplicate my coins and would invest 1BTC in a few crypto projects that I consider to a lot of potential on the long run. 


Title: Re: Advice: 1 BTC
Post by: BlackHatCoiner on October 23, 2021, 03:37:00 PM
The advise of what to do with 1 BTC depends solely on you and your personality. Do you want to have a steady income every month? Then hodling bitcoin is definitely not the solution. In this case, maybe lending your bitcoin would suit better. Do you want quick money with high risk? Search for an altcoin that has 7-digit market cap and once you make your researches go for it.

Just for your information, since the first halving (2013), bitcoin has given you the chance to increase your annual yield by 180% (https://bitcointalk.org/index.php?topic=5351947.0).


Title: Re: Advice: 1 BTC
Post by: Ararbermas on October 23, 2021, 03:54:03 PM
Well use it for good, i mean you can spend it whatever you want but make sure at the end of the day you still have money to pull out, i mean before anything else probably much better to build business first and still put an investment to crypto so that you have backup. And then the rest its up to you.. You can help people that need assistance as well such homeless or your relatives and neighbours that still struggling because of what kind of situation we still have right now. In fact it's not a big thing because we all knows how much is 1btc nowadays.  :D  it's a big achievement as well aside of having such amount of money.


Title: Re: Advice: 1 BTC
Post by: D-law on October 23, 2021, 04:38:26 PM
I can assume that OP doesn't have one Bitcoin.He's just a asking a question about a potential case scenario.
OP,if you really have one BTC,then congratulations.You are richer and more successful than 99% of all Bitcoiners so seeking financial advise from people,who are less successful than you are seems kinda stupid to me.
Does a rich person seek financial advise from the poor people?Nope... ;D
Anyway,If you don't really have one BTC,then the entire discussion is just gibberish.It's like asking "What will you buy or invest with the money,if you win the jackpot?"There's no point of such questions.

Would you want to share my 1 BTC with me after sharing your thoughts ?
Are you saying you're poor ?
Ohh my goodness, you said that right ?
It's only a piece of advice since we here to learn and educated ourselves and one-self.


Title: Re: Advice: 1 BTC
Post by: suzanne5223 on October 23, 2021, 04:39:59 PM
You can do whatever you like with your bitcoin, I do not think anyone need to advice you what you should do with your money, you can hold it, spend it, use it to buy stock or anything that can increase on value if you like, but never convert your coin to fiat and hold it in bank, that is the most foolish thing someone can do because fiat do depreciate.

But this will be my advice if you want advice, if you are not using the bitcoin, then hold it and buy more, it will worth more value if compared to fiat in the future.

Exactly just hold it. In the current times when bitcoin is about to get adopted even in the real market, and already in process of ETF approval application its great idea to hold this coin and groom it for future profits. Gosh, if I had 1 BTC then I would have sold it at the current ATH and would again bought more once the price has moved down the road. Keep repeating this until you double the bitcoin.  :P

I would not even advice you to sell your coins for the altcoins and not even in stablecoins because that would similar to selling it to the fiat currency.
In the current timing you at least have assurance of high resistance of bitcoin to the market. Future is way bright, dont sell it. Grow it!
I agreed with the advice provided by Oshosondy but people at some point need someone to advise them in other not to make a wrong decision because the cryptocurrency is known for being highly manipulated during the last 3 months of every year of halving market and I always advise people not to buy during this season if they are planning for short trading.
@so98nn, Bitcoin ETF will help the market but will also make the market to be highly volatile. Mind you, everything that has an advantage must have had disadvantages.


Title: Re: Advice: 1 BTC
Post by: jossiel on October 24, 2021, 10:03:36 AM
This might be more personal as well confidential to we all, but if you're to share your thoughts or advice one on how to spend he's/her 1btc what would that be ?
Estate management ?
More in Bitcoin ?
Investment in the Stock market ?
Maybe your ideas might or will be helpful.
Although I won't receive any return if I choose to have a place called 'home' since I'll be living there and won't generate any income from it. But the peace of mind that it will give me is probably the best investment and return that it can give to me.

I won't be paying any rent monthly only the monthly dues like bills and mortgage would be paid in full as that's going to be part of the peace of mind.

I can do whatever I want while living there.


Title: Re: Advice: 1 BTC
Post by: OrangeII on October 24, 2021, 10:25:53 AM
Personally, I will not spend the 1 bitcoin I have and will continue to hold it, especially now that the situation is still very good for bitcoin. however, if it's just a suggestion, I'll trade it for another business. I mean a business opportunity that can provide me with income every month, and also it is very valuable when sold, such as making investments in renting houses, apartments, plantations, and other types of investments. it's just a suggestion. some people use it for their style, like buying a house, or clothes that are trending right now.


Title: Re: Advice: 1 BTC
Post by: franky1 on October 24, 2021, 10:39:47 AM
if you have 1 BTC and the market is at around the ATH and your unsure if you want to sell out or wait out for next ATH..
.. the answer is not binary.. you can do both..

EG how about sell 50% of your 1btc.
if the price drops you can use that $30k fiat to buy more then 0.5btc at a lower price
if the hoarded unspent original 0.5btc goes up in price you will get more then $30k
thus win win

if thte price just stagnates for a year. no major up or down
what you can then do is look at other official assets and find ones that are on their yearly LOW. and use that $30k fiat to buy in and sell out to increase that $30k to more.

just remember all good advice
1. dont put all eggs into one basket(dont throw all wealth into one choice)
2. buy low sell high

what many also find is never look to throw large investment into one thing. and then hope for a 2x in a limited time.
many people prefer to work with 10 allotments + of their wealth. and look for quick or easy 1-3% movements. knowing these 1-3% overtime add up to the 2x factor. but with less risk. less stagnated waiting/hoping/stressing.

as to what to invest in.
make sure its legit. EG not some crapcoin thats dev/HQ team is hiding behind proxies with glossy pamphlets of overpromises.
make sure the price of a legit asset is not in its seasonal high
make sure the investment/transaction fee's of getting in-out are not going to wipe out 1%+, meaning you dont have to wait for higher % just to move. thus able to grab profits sooner/faster



Title: Re: Advice: 1 BTC
Post by: BlackHatCoiner on October 24, 2021, 04:59:45 PM
if the price drops you can use that $30k fiat to buy more then 0.5btc at a lower price
if the hoarded unspent original 0.5btc goes up in price you will get more then $30k

If you've sold 0.5 BTC for $30k, then a rise in the price will be damage for you. The less BTC you've sold, the less that damage will be and in case the price goes down, the more BTC you've sold, the less damage you'll have. In both cases, there's a high chance of losing profit instead of gaining it.



If you have no experience with trading, then selling high and buying low is a matter of possibilities. You may achieve this once, but the odds of doing it again decrease exponentially. You should better invest into something you understand if you want to double that bitcoin.


Title: Re: Advice: 1 BTC
Post by: Ebede on October 24, 2021, 09:07:52 PM
You have said it all, it's actually personal for anyone, you should decide on what you want to do with your Bitcoin.
In my own opinion though, I will advice you keep the Bitcoin, it's a huge sum honestly but should be kept since bitcoin is growing rapidly.
You should get a personal adviser to check this out for you.


Title: Re: Advice: 1 BTC
Post by: Cryptogambleruk on October 24, 2021, 09:17:19 PM
Can bitcoin really keep going up like this? It has to discount at some point surely...


Title: Re: Advice: 1 BTC
Post by: Alisha-k on October 24, 2021, 09:32:55 PM
This forum may not be the best place to get this advice you envisage, the advises you'll get here would be basically based on the current base of every individual here which may not work favourably with yours.....

I may ask that you go into estate management and that would be because in my country, estate management seems to be more valuable and profitable than the Bitcoin investment. So you'll have to make your choice or you contact the services of a financial analyst to help you out.

After all this said, I'll still suggest that if there's nothing yet that you have concluded on, it's better to keep holding your coin other than withdrawing it to Fiat.


Title: Re: Advice: 1 BTC
Post by: worldofcoins on October 24, 2021, 09:37:04 PM
This might be more personal as well confidential to we all, but if you're to share your thoughts or advice one on how to spend he's/her 1btc what would that be ?
Estate management ?
More in Bitcoin ?
Investment in the Stock market ?
Maybe your ideas might or will be helpful.

Is it necessary to spend?
If you want to make money then it's better to learn something you like, maybe do a degree if the course fulfills what you want to do.

Now if you want to spend the bitcoin to increase the bitcoins or just for the sake of spending for some materialistic comforts.
- To increase the number of bitcoins you own then it's better to invest in a business and know full well about the business, how much it can make, what will it be like in the future.

- just for the sake of spending then there are already a lot of Online shops that accept bitcoin, Buying through amazon, and paying through Bitcoin use: Purse website.

Or just sell them in an exchange for your local currency.


Title: Re: Advice: 1 BTC
Post by: Masplanc on October 24, 2021, 09:41:14 PM
This might be more personal as well confidential to we all, but if you're to share your thoughts or advice one on how to spend he's/her 1btc what would that be ?
Estate management ?
More in Bitcoin ?
Investment in the Stock market ?
Maybe your ideas might or will be helpful.

You know the best way how to spend your money you can do with how you like but I know 1Btc is a lot of money. you can save some or make Investment with part of it to make more money. But you know better how to manage it .


Title: Re: Advice: 1 BTC
Post by: 2double0 on October 24, 2021, 10:32:36 PM
Why would a person in his sane behavior even spend his/her btc during the bull run? Why can't he/she wait for btc to break new highs and then buy a GT Mustang with it?
None of your alternatives would work except adding extra to the btc you have already, it will help your children and grandchildren who may see btc at even a million dollars.


Title: Re: Advice: 1 BTC
Post by: bhooscream on October 24, 2021, 11:04:34 PM
how to spend he's/her 1btc what would that be ?
I will convert half of the Bitcoin to fiats and I use it for urgent needs. I will buy a house, a car, and the rest for small businesses in real life. While another half of the Bitcoin, to keep on the wallet. Or I will sell it first and wait for the bearish to buy again for a long-term holding. Sure, I won't only put the Bitcoin on the wallet if I think selling is better at that time.



Title: Re: Advice: 1 BTC
Post by: Mpamaegbu on October 25, 2021, 11:14:21 AM
It's really not advisable to seek financial advises here, as we are not professionals.
Exactly my thought. That's asking too much if you asked me from random strangers. If OP had asked us to suggest tokens or projects to buy into with 1 BTC, that would've been more appropriate for such the forum can bring its expertise to bear on. Again, for me I think with such a huge amount of cash in dollar value I would rather hodl the 1 Bitcoin at a time like this and then wait for ATH before cashing out. My expected time for an ATH this rally is December. Whatever business we go in, the essence is profit making. It doesn't really matter whether it's stocks, real estate or FX trading. The common denominator in all the businesses listed above  is profit making. I rather hodl the 1 Bitcoin to trade it whenever convenient than invest it in a business I don't understand.


Title: Re: Advice: 1 BTC
Post by: Nathrixxx on October 25, 2021, 11:44:50 AM
For someone to have upto 1btc is a great opportunity and maximization of this will yield a great reward, first i will employ the person to invest the 1btc else there's an alternative means of income, trade and hodl the btc, or possibly exchange half of it to altcoins and maintain the rest in btc.

The second advise aside the virtual one is to embark on a real physical business in the likes of real estate and project management it worth doing as a long term investment.


Title: Re: Advice: 1 BTC
Post by: sirminesalot on October 25, 2021, 11:49:17 AM
This might be more personal as well confidential to we all, but if you're to share your thoughts or advice one on how to spend he's/her 1btc what would that be ?
Estate management ?
More in Bitcoin ?
Investment in the Stock market ?
Maybe your ideas might or will be helpful.

It depends on the lifestyle of the person, and how much did they spent a year.
I'll assume a person with no responsiblity and have no wife or kids yet, and he spent like 10k - 20k a year.
I will convert my 0.5btc into safe investment with 6-10% a year. and use the other 0.5 to crypto investment.
Split the investment 30% for bitcoin, 50% for good altcoins like ETH, BNB, etc. and the other 20% for doing investment at new projects.
This is just my plan if i have 1 btc. Will not doing any physical investment like land or house because for me in this era, digital assets is more valuable IMO.


Title: Re: Advice: 1 BTC
Post by: carrigan on October 25, 2021, 02:00:41 PM
You better choose to adjust to your needs, other people's needs with yours are not necessarily the same, so don't just focus on other people. If you need advice I think it's a good idea to keep the BTC to add value or to increase your stock, I think it's better than converting it into fiat. However, if you are low on finances, it doesn't hurt to turn it into fiat, but you have to keep using it well, don't waste it.


Title: Re: Advice: 1 BTC
Post by: virasog on October 25, 2021, 02:06:08 PM
This might be more personal as well confidential to we all, but if you're to share your thoughts or advice one on how to spend he's/her 1btc what would that be ?
Estate management ?
More in Bitcoin ?
Investment in the Stock market ?
Maybe your ideas might or will be helpful.

If you have one bitcoin  then it is better to hold it. You want to invest this amount of 1 bitcoin in stocks or real estate only to make profit ? So why not keep your one bitcoin with you and its price will increase over time. There is no need to think of investment else where, when you have invested in crypto currencies.


Title: Re: Advice: 1 BTC
Post by: Rufsilf on October 26, 2021, 03:23:33 AM
If I were to advice him/her, I rather let him/her choose first what makes you happy either if it's a vacation, personal wants, lifestyle, buy it but not necessarily to splurge it all. You deserve to get some reward especially from all those hardwork you did.
And then the rest like 60% remaining will go for another investment, much better to choose two to three investment like bitcoin, real estate and stocks to have a passive income as much as possible with those remaining bitcoins.


Title: Re: Advice: 1 BTC
Post by: marilynmanson21 on October 27, 2021, 10:52:45 PM
there are many that can be used / bought from 1 btc if i personally 50% i stake top coin , gardening coins 10% the rest hold btc up to its highest price

all back to the choices and decisions of each


Title: Re: Advice: 1 BTC
Post by: rugrats on October 27, 2021, 11:09:42 PM
This might be more personal as well confidential to we all, but if you're to share your thoughts or advice one on how to spend he's/her 1btc what would that be ?
Estate management ?
More in Bitcoin ?
Investment in the Stock market ?
Maybe your ideas might or will be helpful.
You don't need to seek advice or invest in 1 BTC, you will invest in several investments instead of posting this looking for advice and this is not a good idea. because there will be a lot of mixed opinions that will confuse you and There may be scammers taking advantage of these tricks, they will promise you huge profits and you will get if you use them. use 1 BTC to buy their coins, be careful and learn to invest in this market with your own judgment and decision.


Title: Re: Advice: 1 BTC
Post by: Lanatsa on October 27, 2021, 11:12:16 PM
This might be more personal as well confidential to we all, but if you're to share your thoughts or advice one on how to spend he's/her 1btc what would that be ?
Estate management ?
More in Bitcoin ?
Investment in the Stock market ?
Maybe your ideas might or will be helpful.
Estate management ?
Yes, you can.

More in Bitcoin ?
Yes, you can accumulate more.

Investment in the Stock market ?
You can diversify.

When it comes to investment then the more the better.


Title: Re: Advice: 1 BTC
Post by: Oceat on October 27, 2021, 11:53:57 PM
there are many that can be used / bought from 1 btc if i personally 50% i stake top coin , gardening coins 10% the rest hold btc up to its highest price

all back to the choices and decisions of each
Staking 50% of Bitcoin to top coins? I would rather hold 90% of my funds to Bitcoin and 10% to top coins since this could give me assurance that Bitcoin will give you more profit in the future. Don't venture your money on to something that you don't know like staking to the top coins because you are more likely gambling your money instead of getting an assurance of getting a profit in a long term investment.

Although, this is OP's Bitcoin so, it's up to him/her if he/she wants to spend it, hodl it, stake it, or reinvest it.


Title: Re: Advice: 1 BTC
Post by: lepbagong on October 28, 2021, 02:57:32 AM
how to spend he's/her 1btc what would that be ?
there are always many alternatives that can be done if indeed we have 1 btc. because it is clear that currently the price is in the range of $58K+ certainly not a very small value.
First, it is clear, of course, that we have needs that must be spent on daily needs, exchanging some with fiat, so that we are able to spend those needs, partly for working capital.

keep saving in btc because it is certain that in the near future there will be another increase that will occur in btc. even if there is no increase, it is certain that it will increase sharply in the next 4 years. btc will always increase every time in its development. if you want to be more daring, of course do daily trading because it will increase the assets we have.


I will convert half of the Bitcoin to fiats and I use it for urgent needs. I will buy a house, a car, and the rest for small businesses in real life. While another half of the Bitcoin, to keep on the wallet. Or I will sell it first and wait for the bearish to buy again for a long-term holding. Sure, I won't only put the Bitcoin on the wallet if I think selling is better at that time.
Your opinion is certainly very true, selling it partly to meet the needs that we may really need is a must. if there is no need and already have funds from work and others, it is better to wait for the price of btc to increase again and sell it.

then save the sale proceeds to wait for the moment where btc will make a correction which causes the price to fall, after making sure the decline is good enough then the next action is to buy it. if you're not good at trading, it's better to buy the btc that we have done, just keep it. because once every 4 years and usually after the halving it is certain that the price of btc will increase and create renewable ATH.


Title: Re: Advice: 1 BTC
Post by: D-law on October 28, 2021, 04:23:45 PM
This might be more personal as well confidential to we all, but if you're to share your thoughts or advice one on how to spend he's/her 1btc what would that be ?
Estate management ?
More in Bitcoin ?
Investment in the Stock market ?
Maybe your ideas might or will be helpful.

If you have one bitcoin  then it is better to hold it. You want to invest this amount of 1 bitcoin in stocks or real estate only to make profit ? So why not keep your one bitcoin with you and its price will increase over time. There is no need to think of investment else where, when you have invested in crypto currencies.

Hold it ? For how long ?
There is also need for further investment else where@Op.
Why put all of your eggs in one basket ?
Yeah, quite alright bitcoin and other crypto currencies have there merits but have you come to think about the demerits ?
Waiting patiently for bitcoin to increase can not be endured by all though.
What I'm saying is that,from all i have seen and observed from this trend I created, is that one should get involved in diversification.
50% into cryptocurrency and the rest for something else.


Title: Re: Advice: 1 BTC
Post by: Gosgosking on October 28, 2021, 08:30:27 PM
Its very difficult to give a advice like this in the forum everyone have different instinct on how to spend money , different plan . You know what is best for you to do with such amount of money maybe to invest it to get more of it or estate management it also a good idea. I doubt if you get a good for your self online on how to spend your money because know body really knows you in person on what you can actually do best. Only you can advice yourself on what to do with 1btc.


Title: Re: Advice: 1 BTC
Post by: lucates on October 29, 2021, 11:38:58 AM
You can do whatever you like with your bitcoin, I do not think anyone need to advice you what you should do with your money, you can hold it, spend it, use it to buy stock or anything that can increase on value if you like, but never convert your coin to fiat and hold it in bank, that is the most foolish thing someone can do because fiat do depreciate.

But this will be my advice if you want advice, if you are not using the bitcoin, then hold it and buy more, it will worth more value if compared to fiat in the future.

I am not a professional financial advisor but in my knowledge, I can give an advice is same as you give.
That is hold your Bitcoin and try to buy more. Because investment in Bitcoin is the best choice than other investment options like real estate, gold, stock market etc. You can see the evidence in last 4 to 5 years of Crypto coin explosion. And average return of Bitcoin is 200 percentage per year over the course of it's life. So we should invest at least 10 percentage of our income in Bitcoin than mostly remain on our compromised currency based economy.