If You Won A Million Dollars.. How Much Bitcoin Would You Buy?

[yoona]

Lets say you won the lottery..

You've just received a million dollars and are ready to do something with your new found money.

You have no CC debt to pay off and have an average mortgage for a working class citizen - maybe you have around $150,000 left to pay off for your house.

You're free to spend as you wish. And invest if you wish.

Would you buy a heap load of bitcoin to sit on?

If so.. how much?

one milion dollar is huge amount,i wish someday can got it
i will spent it for ope any store,invest in some thing,like gold or property. and of course i will buy bitcoin,not too much,jus 10 Bticoin,i think its enough for me.

[pooya87]

if i won a million dollars i would buy as many bitcoin i can to become a big whale in bitcoin market and then change the market to my likings which is always towards the top #evilplans

[owlcatz]

Because of taxes, I would only get roughly half that, so I would only at first invest a few thousands, like 10 or 20 thousand. After a bit, see where it goes. A lot of people who win that much money often spend it really fast and become broke. I would never let that happen!

[kheein]

not much I would buy 100 bitcoin.

[dk8218]

I would buy btc worth 0.1M USD...and 0.05M usd will be stored in cold storage...
And another from another  0.05M usd i will trade...
And thein Voila... life is cool...will earn more smoothly..

[victoryboy]

If I really win 1 Million Dollars I will not buy Bitcoin at all as I am buying and will buy Bitcoin just to have money.If I already have then will invest that money in different parts and will pay attention to grow my business well.

[Xandan]

If I really win 1 Million Dollars I will not buy Bitcoin at all as I am buying and will buy Bitcoin just to have money.If I already have then will invest that money in different parts and will pay attention to grow my business well.

This one is really amazing one.Actually it is true too and after reading this I would say same I will invest just $ 50k and with rest of money I have what to do.

[martinacar]

I would buy btc worth 0.1M USD...and 0.05M usd will be stored in cold storage...
And another from another  0.05M usd i will trade...
And thein Voila... life is cool...will earn more smoothly..

That's good. I would use all my money for bitcoin but most of it would go to bitcoin.
Then i use a part for savings and life on the interest of my new founded capital.

[knowhow]

I like to gamble, So i would go All-in with bitcoin.
Yes not, 10%, 25% or even 50%.

Best case scenario, a lot of profit.
Worst case scenario, 20-40% loss.

One thing i would do besides invest 10% at bitcoin would be with maybe 3 or even 5% of it open a company to make games online based into bitcoin,like travian and others of that type,in the medium time it would became profitable,and would bringing interest into bitcoin.

I would not gamble, I would rather prefer to hold my dollars with me until the price of bitcoins fall down, as I don't know when I would win million dollars, but if I win and at the same time the bitcoin value is also in millions then there is no point in buying bitcoins, so for me it totally depends on the value of bitcoins or else I would switch to some other investments where I would get maximum and fixed profits.

Where did you say gambling?I said i would hire developers and coders to make games like there are : travian,ogame, games for free where players can purchases boosts....and believe me these places making a good income montly,even being other kind of games .

[NattyLiteCoin]

You guys clearly don't have a wife. I'd buy a house, that's it.

[poplolnman]

You guys clearly don't have a wife. I'd buy a house, that's it.

I believe most of them who posted here are under age , so they never feel how own a family .
So they prefer to Squandering all of it, also op ask us how much bitcoin would we buy then .
First yeah a livable house, and the rest for investment on bitcoin, gold etc.

[lemipawa]

20% I'll use to buy Bitcoins and the rest will be used to buy a decent house, a car and save something for the future of my kids and my self like a pension plan maybe.

[ch4rts]

You guys clearly don't have a wife. I'd buy a house, that's it.

You could buy a house now or castle after 2 years.

Of course i you trully bealive btc price will rise 

[darkstarzz69]

I would probably invest 20% in Bitcoin and other crypto-currency, a little bit to my loans and save the rest in a fixed deposit and generate some extra income.

[viking02]

How would one even buy that much btc if one wanted to.  Coinbase/Circle only allows up to 3k i believe and it takes a few days.

[_Miracle]

Cleared 1 million after tax, in order...
Most of it: Real Estate.
Form a charitable foundation, precious metals.
What's left would be invested in private business, stocks, held in banked and unbanked cash reserves,
and an ever rotating amount of bitcoin.

[Kakmakr]

How would one even buy that much btc if one wanted to.  Coinbase/Circle only allows up to 3k i believe and it takes a few days.

You could buy through Localbitcoin, if you can get hold of people willing to sell that many or you could approach people on this forum or you could attend Bitcoin meetups and get to know some people and find a trustworthy source. I would suggest buying in smaller quantities over a long period, and not everything in one transaction.

This will lower the risk of you losing all that money to a scammer and a thief. If you buy from several sources you will stay below the radar.   A million bucks will surely draw in the scammers.

[Elwar]

Cleared 1 million after tax, in order...
Most of it: Real Estate.
Form a charitable foundation, precious metals.
What's left would be invested in private business, stocks, held in banked and unbanked cash reserves,
and an ever rotating amount of bitcoin.

Re: Real Estate...

What do you think will happen to real estate when the baby boomers all start retiring...(which has already started)?
Many will be going to old folks homes or downsizing to condos.

That's a large amount of people taking their money out of an industry.

[umaOuma]

I would probably invest 20% in Bitcoin and other crypto-currency, a little bit to my loans and save the rest in a fixed deposit and generate some extra income.

That is the right thing to do, as you cannot only depend on bitcoins, it is better that we diversify our investments, and as such we are not sure about the future of bitcoins, whether it will survive or not, if I win million dollars, I would surely quit bitcoins and enjoy rest of my life with dollars.

[_Miracle]

Cleared 1 million after tax, in order...
Most of it: Real Estate.
Form a charitable foundation, precious metals.
What's left would be invested in private business, stocks, held in banked and unbanked cash reserves,
and an ever rotating amount of bitcoin.

Re: Real Estate...

What do you think will happen to real estate when the baby boomers all start retiring...(which has already started)?
Many will be going to old folks homes or downsizing to condos.

That's a large amount of people taking their money out of an industry.

It will be a large amount of people moving their money around an industry.

There are tons of variables within any local market. So while real Estate is "A" market, I
 wouldn't apply trends blindly across "the market".
An example would be: Boomer homes in well established neighborhoods being sold in Silicon Valley will be gutted, rearranged and  so on.
There are drawbacks and opportunity in every market.
P.S. give us another 10 years (maybe less) to forget this past real estate disaster and another 10ish to be in full bubble mode again ;-)


Also, I will most likely be investing in more income producing properties.