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Author Topic: If you had suddenly 500 BTC  (Read 6364 times)
dustboy
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July 15, 2016, 12:43:59 PM
 #181

500btc is so big amount for me, if I had it suddenly so I will quit my job and create my own business. Although it sounds just like a day dreaming but nothing is impossible in this world as we meet our greatest luck Smiley
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July 15, 2016, 06:55:05 PM
 #182

500btc is so big amount for me, if I had it suddenly so I will quit my job and create my own business. Although it sounds just like a day dreaming but nothing is impossible in this world as we meet our greatest luck Smiley

500BTC is a big amount for the most of us, really. So it's not just for you. Think about it, right now, just how much do you think 500btc is worth? Nearly $340,000. That's around 6 years worth of salary from an average first worlder.

I'd probably just hold it in for a little longer if I was to receive it now since the price might go up in the coming days.
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July 16, 2016, 06:02:35 PM
 #183

If I have 500btc. I will bulid and established my own foundation for the children,  and orphanage I will also used Bitcoin for any donation.
and lastly I will invest it here in cryptoworld create an altcoins that will adopt bitcoins also. Cheesy
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July 16, 2016, 08:36:01 PM
 #184

If I have 500btc. I will bulid and established my own foundation for the children,  and orphanage I will also used Bitcoin for any donation.
and lastly I will invest it here in cryptoworld create an altcoins that will adopt bitcoins also. Cheesy
interesting. what a noble idea. we will pray for you. but keep it in your mind that if you really get 500 bitcoin you will not break you promise and you will regularly inform us about the progress of our projects.
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July 16, 2016, 09:07:22 PM
 #185

If I have 500btc. I will bulid and established my own foundation for the children,  and orphanage I will also used Bitcoin for any donation.
and lastly I will invest it here in cryptoworld create an altcoins that will adopt bitcoins also. Cheesy
interesting. what a noble idea. we will pray for you. but keep it in your mind that if you really get 500 bitcoin you will not break you promise and you will regularly inform us about the progress of our projects.

I would like to do something for children too, and 500 BTC will give you a lot of capital to make this come true.
Either way when I have funds I will do such a thing.
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July 16, 2016, 09:17:50 PM
 #186

500btc is so big amount for me, if I had it suddenly so I will quit my job and create my own business. Although it sounds just like a day dreaming but nothing is impossible in this world as we meet our greatest luck Smiley

yeah 500 BTC is equivalent to $ 300k in the way you can a make any business using that much money for it. I would do the conversion to fiat first. yeah you know to save my money. I'm afraid there is something that does not want like the price down. and I will make-bussiness that wil bring me into a millionaire
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July 16, 2016, 10:07:28 PM
 #187

500 btc is basically a days trading value for an exchange. If you dunno that all in at once, you can be sure that the price will drop exponentially. Don't - I repeat - DONT try to dump bitcoin into an exchange, numbnuts.

looking for a signature campaign, dm me for that
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July 16, 2016, 10:21:57 PM
 #188

500btc is so big amount for me, if I had it suddenly so I will quit my job and create my own business. Although it sounds just like a day dreaming but nothing is impossible in this world as we meet our greatest luck Smiley

yeah 500 BTC is equivalent to $ 300k in the way you can a make any business using that much money for it. I would do the conversion to fiat first. yeah you know to save my money. I'm afraid there is something that does not want like the price down. and I will make-bussiness that wil bring me into a millionaire
Yeah right better to start it in business its a huge amount of money you can start multiple  business you can make gambling site or make your own affilaite like adnetwork.. or anything that you think that you can make a profit..
Real business is the best if what is trending in your place.. before you can start it..
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July 18, 2016, 10:48:15 PM
 #189

That's a huge amount. If I had such a volume of bitcoin, possibly I could have got a relaxed living without the pressure of earning to have a good living.
yeah maybe I will retire early and enjoy the fruits of my wealth. 500 btc is equivalent to $300,000 that is a very big money even during
my lifetime probably cost under $ 300k. but I will not do it. it is futile if I have 500 BTC certainly I would add my wealth again Cheesy
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July 18, 2016, 10:53:52 PM
 #190

I would create a cheap gambling site or exchange, deposit some of the funds and make sure I win with proof of the win just incase needed. I would then sell them on localbitcoin and pay the tax on the bitcoin but not sure if it would be needed as it is won money. Either way via gambling or trading I would have some of the funds ready for the real world.

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July 18, 2016, 10:57:13 PM
 #191

That's a huge amount. If I had such a volume of bitcoin, possibly I could have got a relaxed living without the pressure of earning to have a good living.
yeah maybe I will retire early and enjoy the fruits of my wealth. 500 btc is equivalent to $300,000 that is a very big money even during
my lifetime probably cost under $ 300k. but I will not do it. it is futile if I have 500 BTC certainly I would add my wealth again Cheesy



Yeah everyone will prefer to retire early and have fun in life as 500 btc is too huge amount to hold which can give us best luxury life which we have ever dreamed off.
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July 18, 2016, 11:21:08 PM
 #192

That's a huge amount. If I had such a volume of bitcoin, possibly I could have got a relaxed living without the pressure of earning to have a good living.
yeah maybe I will retire early and enjoy the fruits of my wealth. 500 btc is equivalent to $300,000 that is a very big money even during
my lifetime probably cost under $ 300k. but I will not do it. it is futile if I have 500 BTC certainly I would add my wealth again Cheesy



Yeah everyone will prefer to retire early and have fun in life as 500 btc is too huge amount to hold which can give us best luxury life which we have ever dreamed off.
to be honest that would be great, i think retiring and living entirely out of the bitcoins i have would be a dream come true for me, i think one day it will be possible

 
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cambda
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July 18, 2016, 11:45:47 PM
 #193

That's a huge amount. If I had such a volume of bitcoin, possibly I could have got a relaxed living without the pressure of earning to have a good living.
yeah maybe I will retire early and enjoy the fruits of my wealth. 500 btc is equivalent to $300,000 that is a very big money even during
my lifetime probably cost under $ 300k. but I will not do it. it is futile if I have 500 BTC certainly I would add my wealth again Cheesy



Yeah everyone will prefer to retire early and have fun in life as 500 btc is too huge amount to hold which can give us best luxury life which we have ever dreamed off.
to be honest that would be great, i think retiring and living entirely out of the bitcoins i have would be a dream come true for me, i think one day it will be possible

Nothing is impossible even if you don't get it for free then you can always make an effort to earn it and to reach near to a descent amount that can give you best life in future.
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July 18, 2016, 11:46:43 PM
 #194

That's a huge amount. If I had such a volume of bitcoin, possibly I could have got a relaxed living without the pressure of earning to have a good living.
yeah maybe I will retire early and enjoy the fruits of my wealth. 500 btc is equivalent to $300,000 that is a very big money even during
my lifetime probably cost under $ 300k. but I will not do it. it is futile if I have 500 BTC certainly I would add my wealth again Cheesy



Yeah everyone will prefer to retire early and have fun in life as 500 btc is too huge amount to hold which can give us best luxury life which we have ever dreamed off.
but sometimes, maybe some people is thought 500BTC is a huge of the amount and prefer to retire for early, if we can't rotate the money,anytime it's not possible to get an exhausted.

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July 20, 2016, 02:17:06 PM
 #195

Maybe in portions of 5 BTC?

Or just throw in into a tumbler and just cash out. What are the banks going to do about it Tongue...
I would sell halve of them right away because it would not be a bad idea to make some money right now. I then would save the the other halve for the future.
But if you have that many Bitcoin you know that you are going to make much money.
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July 20, 2016, 04:25:29 PM
 #196

If i had suddenly 500 BTC, (this can supply at least 3 generation from me)  I will encash it slowly.  then build me a profit generating business, then buy me a house and lot.  Cars later.  I would give 20% to the charity. And give some initial capital to my chosen relatives to help them establish a better living.
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July 20, 2016, 05:53:15 PM
 #197

Maybe in portions of 5 BTC?

Or just throw in into a tumbler and just cash out. What are the banks going to do about it Tongue...
I would sell halve of them right away because it would not be a bad idea to make some money right now. I then would save the the other halve for the future.
But if you have that many Bitcoin you know that you are going to make much money.
First of all I would sell almost half of the bitcoins and treat myself with the things I wanted to buy !!!! Then hold rest of the bitcoins for the future. 500 bitcoins is a lot of money by the way. It would be amazing to receive it  Cheesy Cheesy Cheesy
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July 20, 2016, 07:08:33 PM
 #198

With 500 bitcoins you do this (as an American):

Create a business in the Caribbean and transfer your bitcoins to the business. Wait for the price to go up to the point that you can leave the US. Once it's at a high enough price, pay yourself a salary of $100,000 per year. As a US citizen living outside the US over 330 days per year you can exclude the first $100k of your salary from the income tax.

You can also pay for things like a "company boat" or "company housing" with the company's bitcoins. You can also charge yourself housing as a business and that housing cost can be excluded from your income taxes as well.

Or you keep accumulating more bitcoins while learning to live on bitcoins instead of messing around with fiat.

First seastead company actually selling sea homes: Ocean Builders https://ocean.builders  Of course we accept bitcoin.
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July 20, 2016, 07:11:05 PM
 #199

Maybe in portions of 5 BTC?

Or just throw in into a tumbler and just cash out. What are the banks going to do about it Tongue...
I would sell halve of them right away because it would not be a bad idea to make some money right now. I then would save the the other halve for the future.
But if you have that many Bitcoin you know that you are going to make much money.
First of all I would sell almost half of the bitcoins and treat myself with the things I wanted to buy !!!! Then hold rest of the bitcoins for the future. 500 bitcoins is a lot of money by the way. It would be amazing to receive it  Cheesy Cheesy Cheesy

yeah and I think that it can make us our dream come true as you can do anything once you hold that high amount in your wallet, I think you will be the king of the world.
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July 20, 2016, 07:16:08 PM
 #200

Maybe in portions of 5 BTC?

Or just throw in into a tumbler and just cash out. What are the banks going to do about it Tongue...
I would sell halve of them right away because it would not be a bad idea to make some money right now. I then would save the the other halve for the future.
But if you have that many Bitcoin you know that you are going to make much money.
First of all I would sell almost half of the bitcoins and treat myself with the things I wanted to buy !!!! Then hold rest of the bitcoins for the future. 500 bitcoins is a lot of money by the way. It would be amazing to receive it  Cheesy Cheesy Cheesy

500 BTC is indeed a lot, but you'll find out how easy it is to burn through your stash once you start spending them on things. Then you'll see what's left of the 500 BTC you once had.
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