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

[bitbay.com]

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?

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[quentincole32]

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?

i will buy 100BTC,its enough for me,i will invest and store it for long time period,i wish the price keep rise year after year

[extrabyte]

If i won a million dollars i would invest 20% on bitcoin as it is a new currency but a good future, and maybe at that time the price will be increased because the buy orders will be more than the sell orders.

[helloeverybody]

If the price was low as it is now then id stick 100k into it. the milion was free anyway so i could risk the gamble.

[amacar2]

At the current stage i will not use more than 10% to buy but if price goes down to around 350-370 i will spend half of million to buy.
May be i will get heart attack when i win before i spend them.

[chrisvl]

I will give half of the to the poor peoples and the other half will invest in digital currencies,and technology

[bearex]

Honstely, i dont think i would buy more than $50 000 worth of Bitcoins. Just because i would play it on the safe card.

[tarsua]

I will pay off house, buy a car, put money aside for college for children and then use half the rest to buy bitcoins, of the bitcoins i buy, i will use about 20 for playing with daily, and the rest will be in cold storage waiting for the price to hit 1k

[stonehedge]

Deposit on a mortgage for a bigger house.

[Amph]

i would put everything in bitcoin without thinking, only a small portion let's say 1/10 to buy a small house, but only because it is difficult to buy house with bitcoin

so i would have round 2500k bitcoin, i nice amount indeed

[croato]

I would buy $200k worth of Bitcoin asap, with $300k would wait if price drops a bit and rest $500k would invest in real estates.

[maartenhaha]

i would buy property to rent out and some of the rest buy some coin and invest to make more of it, sell it and some i'll keep in storage for the future, thinking like keeping some in storage to build up in time and pass it to my kids for herritage tax reasons, because i think herritage tax is pure theft by the goverment. paying tax on already taxed money is theft.

investment or start a research compagny in naturefriendly science and tech and education would be a thing i do too. we realy need to put those oil and gas- gmo-, global industry-, banking- and religion barons on their place and frack em... look what they do to our beautifull planet.... we realy need to hack the planet back

so if you have the means to do so... do it, think of those who'll be living here after you.

[nonbody]

I would invest 20% to bitcoin, 20% to saving, 20% to estate, 20% to stock, 20% to in real business. Diversifying my portfolio to avoid the risk. I wouldn't miss any opportunity.

[nichu]

i would definitely invest 20 percent in bitcoin but that depends upon the price in which i acquire. i would like to purchase it around 340-350 which is a safe bet right now

[foxbitcoin]

I don't know why the bitcoin's price skyrockets recently. This is not a good time to buy it. I will wait price retreats to around $350, and buy $10,000 of bitcoin.

[QuestionAuthority]

i would buy property to rent out and some of the rest buy some coin and invest to make more of it, sell it and some i'll keep in storage for the future, thinking like keeping some in storage to build up in time and pass it to my kids for herritage tax reasons, because i think herritage tax is pure theft by the goverment. paying tax on already taxed money is theft.

investment or start a research compagny in naturefriendly science and tech and education would be a thing i do too. we realy need to put those oil and gas- gmo-, global industry-, banking- and religion barons on their place and frack em... look what they do to our beautifull planet.... we realy need to hack the planet back

so if you have the means to do so... do it, think of those who'll be living here after you.

I like the way you think. You seem to have a firm grasp on reality.

Also, never spend more than 7-10% of your net worth on any risky investment (like Bitcoin) with the potential to drop to zero value. Unless you're going to live in it, you should never invest more than 40-50% of your net worth in real estate. Real estate can go down in value but will always be worth something.

[n2004al]

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?

First thing I will pay all my debt. Then will put an equal amount of money as a long term deposit in three-four banks (the most healthy ones). Then will buy bitcoins. The amount will depend much from the above actions but for sure there can be not less than 100 and not more than 1 000. Probably more near the 100. Lets tell 200 or 300. Anyhow repeat: will depend to much and mainly from the first needed actions. Choose this order to follow because I must act in the traditional way in the use of the money firstly and then follow my hopes and my hobbies. I have a family to maintain and the everyday bread for this family cannot be bought or assured with hopes.

[enhu]

After wining a million dollar, I'd buy maybe 30% of it with bitcoin and maybe develop an online gambling site or buy an online business and profit for it.
I will then live on a remote place maybe an island to enjoy the sun every day. Yep will never happen. i know this is just a dream.  

[ACAB]

I'll probably buy 100.000$ worth of Bitcoin. I use %50 for my personal needs, invest in real estate the other %40 part.
1 million dollar is not too much btw.

[newcoins1978]

For me it would depend on how much bitcoin would be worth at the time.
If it's the same as it is right now then I would buy around 1000 bitcoins and just sit on it.
I would feel as if 1000 bitcoins is a safe number to sit on.