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Author Topic: If you had suddenly 500 BTC  (Read 6033 times)
Doms
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July 22, 2016, 04:54:26 AM
 #221

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.
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.
There is no such thing as too much spending if you think about it. There are many ways to spend those 500 bitcoins quite easily, although it is not a good idea at all. What I'd do if I am suddenly the lucky owner of that amount, I would put about $300 in cold storage, another $100 into altcoin trading, maybe $20 dollars into gambling and the rest I'd just spend to my heart's desire.
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July 22, 2016, 05:06:37 AM
 #222

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.
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.

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.



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July 22, 2016, 05:07:03 AM
 #223

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.
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.
There is no such thing as too much spending if you think about it. There are many ways to spend those 500 bitcoins quite easily, although it is not a good idea at all. What I'd do if I am suddenly the lucky owner of that amount, I would put about $300 in cold storage, another $100 into altcoin trading, maybe $20 dollars into gambling and the rest I'd just spend to my heart's desire.

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 Grin

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July 22, 2016, 05:11:34 AM
 #224

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.

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July 22, 2016, 05:12:17 AM
 #225


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?)


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MFahad
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July 22, 2016, 05:52:42 AM
 #226

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.
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.
There is no such thing as too much spending if you think about it. There are many ways to spend those 500 bitcoins quite easily, although it is not a good idea at all. What I'd do if I am suddenly the lucky owner of that amount, I would put about $300 in cold storage, another $100 into altcoin trading, maybe $20 dollars into gambling and the rest I'd just spend to my heart's desire.

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 Grin
Yeah, exactly if i have suddenly get 500 Bitcoins, so i never save it again, i withdraw my bitcoin into cash and than i buy a new house and a new car, and the other amount i would like to invest it. Because 500 bitcoins it is too much amount, but in real life no one get it suddenly except in dream.

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July 22, 2016, 07:52:07 AM
 #227

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.
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.
There is no such thing as too much spending if you think about it. There are many ways to spend those 500 bitcoins quite easily, although it is not a good idea at all. What I'd do if I am suddenly the lucky owner of that amount, I would put about $300 in cold storage, another $100 into altcoin trading, maybe $20 dollars into gambling and the rest I'd just spend to my heart's desire.

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 Grin
Yeah, exactly if i have suddenly get 500 Bitcoins, so i never save it again, i withdraw my bitcoin into cash and than i buy a new house and a new car, and the other amount i would like to invest it. Because 500 bitcoins it is too much amount, but in real life no one get it suddenly except in dream.
yes that is a good idea. but i think i will not withdraw all the amount at the same time because i know that in next some months the price may be double as compare to the present price of bitcoin so i think that the 500 bitcoin will turn int 1000 bitcoin in next few months.
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July 22, 2016, 07:54:46 AM
 #228

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.

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July 22, 2016, 08:01:06 AM
 #229

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.

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July 22, 2016, 09:22:36 AM
 #230

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.

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July 22, 2016, 09:36:43 AM
 #231

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?)

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July 22, 2016, 09:45:27 AM
 #232

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?)
ANd pay a massive amount of taxes on that money? No, I'd rather keep it in Bitcoin and cash out small amounts using a Bitcoin debit card or something like that. Maybe invest part of those Bitcoins Smiley


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July 25, 2016, 07:25:42 AM
 #233

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.

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July 25, 2016, 07:30:14 AM
 #234

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? Smiley   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.


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