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

[Luqman]

Absolutely I'll buy with all of those money and then I just sits on and see my investment going bigger everyday 

[calkob]

i would prob stick about £30,000 into bitcoin and just sit on it.  A nice house and just living of the rest.

[n691309]

Maybe someone will say that will not invest in bitcoin, but i love bitcoin and would try investing a small percentage to bitcoin and maybe open a small business that will operate in bitcoin and help others that are unable to buy some products with bitcoin.

[steveds]

A million is quite big amount and if i ever won then i would invest all of it (iff there is a market present for such amounts) so that the price increases to some extent and then cashout 40% of it slow and steady without crashing the market again.But this is condition to bitcoin price is above 500 or else i wont consider investing in coins.

[onemorexmr]

i'd buy a small house and the rest would go into bitcoin ;-)
so maybe around 750.000$ in btc

edit: ofc some moneros too ;-)

[icaruz]

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?

why would i buy btc after winning 1million dollars..?
you have 1 million dollars you dont nid btc anymore just invest your money for the future of your family.

[onemorexmr]

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?

why would i buy btc after winning 1million dollars..?
you have 1 million dollars you dont nid btc anymore just invest your money for the future of your family.

hence btc ;-)

[OROBTC]

...

- Pay my taxes on that $1,000,000 income: estimate: $390,000   

- Pay off debts and future liability: $100,000

- Buy 300 BTC: call it $125,000.  Then see if I could convince bitmixer.io to let me invest 200 BTC with them...  HODL the rest.

I could find a way to spend & invest the balance $375,000...

[AtheistAKASaneBrain]

I would go 50% on Bitcoin. Anyone that is here for long term knows that 3 figure Bitcoin will not last for too long, therefore it would be the last time in history to try to get a solid position, if you wait any longer it would be impossible to become a real whale. I could be able to live off the 500K in dollars while I HODL the BTC and invest in BTC related stuff to help it grow.

[MRKLYE]

If I won a million dollars I would buy probably 1/4 Million worth of BTC just to speculate on and ride the markets with.
So many times I've called the market correctly but been able to capitalize off of it due to lack of BTC or Fiat held.

No way I would put all of it in.. BTC is far to volatile..  I would however risk 1/4 of it and hopefully make some profits.
Be interesting to watch this thread and see the responses. I'm the least risk adverse person I know so I'm sure others would do less.

[Slark]

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.

If you own million dollar worth of BTC it starting to become more significant. Imagine you bought 1 million worth BTC in January of 2015, I remember that bitcoin was worth something around $200 then.
We have December and now BTC  is worth more than twice of that. From your 1 million you could have 2 millions without really doing anything, still think it is not much?

[franky1]

$150 mortgage with 10years=15k a year
even at 2% interest 750k left in a bank account will pay off the mortgage without touching my nestegg.

so that leaves me with $250k to play with... and yes id buy $250k worth of bitcoins

[WENGER]

I'll use half of it to buy Bitcoin (500k) the rest save it for paying the mortgage with the needed remaining funds coming from my real day job work ... I rather invest as half on Bitcoin and see it increase value in the future and give me more profit than to use exactly what's needed just for the soul purpose of paying the debt.

[Literaryagents]

I don't 'invest' at this point into BTC since it is too volitile.

Yet with a free 1 Million to 'invest' I would invest it into stuff that could be used to acquire bitcoin.

Maybe set up a large network of servers and devote some of the power to 'mining' it as long as the NOC had Free Energy such as a windmill or solar base energy source.

I would invest into some keyword assets in Domain Names.

I would start development projects where BTC was part of the accepted payment method.

But to sink $400+ or so into 'coins' that could drop or rise in value is more of a crap shoot at this point than an 'investing' option.

Even Gates stated recently the best 'investment' is still domain names in .com.

So development of 'tech' related ideas with a decent network that might do some mining and then see what services or products you can 'sell' where your clients throw you some BTC is probably how I would waste a Free Million. But 1 Million is not much really as seed money today.

3 years ago the charts on BTC looked okay, 2 yeas ago they showed great promise the past 18 months it shows nothing but negative valuations.

Tech is here to stay but BTC the future is not crystal clear.

[tokeweed]

F bitcoins, I got a million dollars! 

[gentlemand]

Hmm. If a million dollars landed in my lap I'd probably have a rather different attitude towards it than money I earned. I'd buy 1000 coins with it probably. That would still leave plenty to play with and 1000 coins would lop a couple of decades off waiting for life changing gains.

[bones261]

I would probably get about 150BTC and use most of it to buy hash on Hashnest. I really don't want to try to run a farm of 20 S7 miners myself.

[--Encrypted--]

I'll probably spend half of it on miners. a quarter on btc and the rest on my needs and emergency savings under my bed.

[thejaytiesto]

$150 mortgage with 10years=15k a year
even at 2% interest 750k left in a bank account will pay off the mortgage without touching my nestegg.

so that leaves me with $250k to play with... and yes id buy $250k worth of bitcoins

At this point I have more trust in Bitcoin that in USD, so I wouldn't count on long term plans USD related, I would buy a big quantiy of Bitcoin guaranteeing I can retire in 5 years then use the rest or the money for whatever hoping that the USD is still relevant.

[Denker]

Let's say I buy a small property worth half a million with it.
Then I would have left $500k.
25% of that I would invest in Bitcoin.$125k would allow me to buy 290 BTC. That's a nice amount.
Another 25% I would invest in gold and silver I think.
Then I would have left $250k to spend. Enough for a solid middle class car, some furniture, clothes a nice kitchen and a high class computer rig.Maybe then another $50-$75k would be left. I still go to work and would keep this fiat deposited in a vault in my new house somewhere and spend it over the years or buy a few stocks with it.
Yes I think this is what I would do with a lottery win.

Or I buy a cosy cocktail bar on a carribean island, buy Bitcoin for 500k and enjoy the daily life.