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

[The Sceptical Chymist]

I'd buy 50 btc but no more.  The rest I'd use to pay off my house, and some would go into the stock market. 

[eternalgloom]

I would invest in more solar panels and start a semi-large scale mining operation, I think that would get me the best ROI.
I would probably also just buy some more Bitcoin with the money I have left.

[bones261]

I gather this is a million dollars clear after any taxes, correct? Otherwise, everyone's forgetting about the dreaded taxes. I wouldn't want to be like Richard Hatch and forget this important consideration.  

[iv4n]

Yes, definitely! How much I really dont know, i would not spent it all on bitcoins for sure, but I will buy enough to have for gambling, spending and for sure something to have in some paper wallet that will wait future to come. But this is something that I can just dream to happen, for me luck is not an option for everything I need to work, work, work, work...

[Yakamoto]

I gather this is a million dollars clear after any taxes, correct? Otherwise, everyone's forgetting about the dreaded taxes. I wouldn't like to be like Richard Hatch and forget this important consideration. 

I would assume that the million is after taxes.

If I won a million dollars, after taxes, I would set aside ~$500k for a house and a car, not necessarily anything too fancy, but a decent house in a decent place. I would take ~$30k for Bitcoin investments, and shuffle $400k into various savings accounts, education debt payments, and other similar things.

I'd use the remaining $70k for leisure money, spread it out over multiple years.

[Omikifuse]

20%

Same % of any other big win until the million digit.

I suspect that BTC will be more lucrative, but of course other investments will be safer

[HappyComplex]

I would put $790,000 into btc, bury $200,000 stash of gold somewhere, then travel all over the world, not giving a fuck, cashing out into whatever the local currency is as needed.

[adicted]

If I won a million dollars, I'll buy/build my dream house and lot first. Then half of the remaining amount will go to setting up and running a charity to help my people around me and also all over our country. The rest will go to bitcoin, I'll buy bitcoin as much as I can with the remaining amount hoping to double my investment in the next few years. I believe on bitcoin

[HardForkComing]

I'd invest $900k in bitcoin. Rest would be trading money

[European Central Bank]

$100,000 on traveling until I was super bored of it. $500,000 on real estate. $100,000 stays in cash for those little incidentals. The rest goes on bitcoins.

[Amph]

F bitcoins, I got a million dollars!  

this is one of the reason why bitcoin is not adopted yet, this is the common thinking of the average joe

i hope they will change their mind in the future and see bitcoin as a real money instead

[HarryKPeters]

At least 200k would go into bitcoin.  Obviously I would wait to become the price lower.I think the 370 area is a good moment to buy.
The rest of my money would go to some real estate and offcourse other investments.

[bitcoin-hunter]

If that happens that I win a million dollars in one night I will just buy 250K dollars worth of bitcoin of 300K.
With that I will just hold it for a long time that the price increase. Of course I will watch if the bitcoin price is good to buy.

[lolgato]

I'll spend 50% on bitcoins and spend that 25% on bitcoins on making a casino and advertising it and the next 25% just waiting for the price to rise 

[Mr. Forum]

When I win such like amount, I will first be able to remove the 10% and give it to the local church that I attend as part of tithe. I will then take a 10% of the remaining amount and do use it to pay my dues and bills,. The remaining amount i will be able to use it for buying, selling and even mining the coins. I value the coins a lot since they always give me a higher return than any other business. I will not spend less but more and more so as to gain more. Trading is what I do.

[EdenHazard]

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?

oh nice dream,i hope sometime i won lottery
and i would buy 10BTC,its enough for me,because i'm sure,bitcoin price will rise some day,and reach $1000 again.

[Hannu]

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?

Maybe 20%-30%. Now its 1. Food 2. Medicine 3. Rent, bills etc. Now im working in foundation... I dont get money for that.  

[sabreok]

Buy 800 BTC, pay off debts, start a bitcoin company or mining operation, save the rest.

 

[crazywack]

I would use it all to buy Bitcoin  wouldn't tell my wife either

[shogdite]

That is a nice thought experiment i'm not sure i would do what i think here and now but after paying off the home and investing in gold and few precious metals i'd invest around 50% in bitcoin when i felt the time was right. I would say from $1,000,000 i'd invest maybe $250,000 into bitcoin and $50,000 into the silver bitcoin.