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Author Topic: If you would win a Jackpot what would you do with the money?  (Read 3581 times)
baradfo
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September 29, 2017, 04:45:01 AM
 #201

I would spend some, just to celebrate, then re-invest (not gamble) the rest to ensure greater profit. Then when BTC is $10,000+ I'll retire.

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Vaculin
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September 29, 2017, 05:37:31 AM
 #202

I think I would first buy a house and save some for some future expenses ,
Or after I bought a house and some furniture I would try to invest in some alt-coin to gain more profit.

We have same thing in priority in life. But my choice of things varies of course depending on the amount of the jackpot prize. If I won maybe 1M $ above then I will not buy a house. I will purchase a condo unit so that life makes simple for me plus security to my family. Just sharing. Trueflip lottery is cool website to try your luck to win jackpot. 
If given the chance,i will only buy a lot then build my dream house there for my family's shelter.After that,i will put up a family business where we could get an income to meet our daily expenses.If there are still remaining money,i would invest it into bitcoin so i can reap good profit someday.

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September 29, 2017, 08:45:24 AM
 #203

In my whole life , jackpot is something that very strange for me. Like i'm not lucky enough to win one, even a small jackpot around 100$ . So if i won a jackpot, i will immediately quit the jackpot and never play again cause i'm already finished the goal of my gambling life. I will buy for my GF and my mother something like a silver necklace or etc.... Hope it gonna happens soon.
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October 02, 2017, 06:32:18 AM
 #204

If i were to win jackpot price from gambling, i withdraw half for investment, such as build or buy house and lot, and whats left will be for some business. The other half would go to crypto investment, lets jsut say 50BTC would go to other alternate coins, while the other 50BTC will just remain as BTC because both had a good potential for the future.
You have quite a smart plan for such a lucky scenario. I do have somewhat same sort of plans if I really ever would win a jackpot that has not be possible yet. Basically I would stress upon saving most of it and use some in investing for the sake of increasing the capital without even losing it.

Jackpot is something quite big and in my opinion, if it would ever be so that I am offered with a jackpot in return of gambling then I would probably make it sure to eliminate the need to gamble again.
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October 02, 2017, 07:18:57 AM
 #205

If would win a jackpot I would quit my job as first thing. This is easily achievable once I win a jackpot of at least 300 bitcoins which is 1 mln dollars right now. Normally I get yearly from my daily job 80.000 dollars, so I need 12 years to get this amount from my daily job and this is without spending anything from them. If I spend then I need 24 years to make this amount, so winning a jackpot is the dream of anyone including me.




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noormcs5
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October 03, 2017, 10:26:55 AM
 #206

If would win a jackpot I would quit my job as first thing. This is easily achievable once I win a jackpot of at least 300 bitcoins which is 1 mln dollars right now. Normally I get yearly from my daily job 80.000 dollars, so I need 12 years to get this amount from my daily job and this is without spending anything from them. If I spend then I need 24 years to make this amount, so winning a jackpot is the dream of anyone including me.

You give me a good suggest, because i am also tied with my job, most of the time, i decided to quit it, but unfortunately i need it. If i also win a jackpot then sure i will quit my job, and only do trading, investment and gambling with bitcoin. But it is only dream, may be it will never come true in my life, because i am not a lucky man forever especially whenever we talk about jackpot win.

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October 03, 2017, 11:05:29 AM
 #207

If i were to win jackpot price from gambling, i withdraw half for investment, such as build or buy house and lot, and whats left will be for some business. The other half would go to crypto investment, lets jsut say 50BTC would go to other alternate coins, while the other 50BTC will just remain as BTC because both had a good potential for the future.
You have quite a smart plan for such a lucky scenario. I do have somewhat same sort of plans if I really ever would win a jackpot that has not be possible yet. Basically I would stress upon saving most of it and use some in investing for the sake of increasing the capital without even losing it.

Jackpot is something quite big and in my opinion, if it would ever be so that I am offered with a jackpot in return of gambling then I would probably make it sure to eliminate the need to gamble again.
I doubt you can do it smoothly , as based on my coworker experince you will back to gamble.
And risking that huge amount , if you lucky enough you won't lost it all at once but slowly.
Really hard to keep your winning in hand , there's always something attractive to spend your money elsewhere rather than make it as investment.

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October 03, 2017, 11:16:15 AM
 #208

If I won a jackpot or a very large amount of money, then I would buy a house and open my own business. I think that my decision would be very right for augmenting money in the future.
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October 03, 2017, 12:21:48 PM
 #209

I think I would first buy a house and save some for some future expenses ,
Or after I bought a house and some furniture I would try to invest in some alt-coin to gain more profit.
That is a great plan indeed. We all need shelter and a well furnished house is something that most of us will try to buy with the jackpot. After that if some money still remains, investment is the next wise option.

However, we must take care of where we are pending our money and how much profits we can make through it. Investing in bitcoins will be much better than any altcoin as a matter of fact.

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October 03, 2017, 12:29:20 PM
 #210

If i were to win jackpot price from gambling, i withdraw half for investment, such as build or buy house and lot, and whats left will be for some business. The other half would go to crypto investment, lets jsut say 50BTC would go to other alternate coins, while the other 50BTC will just remain as BTC because both had a good potential for the future.
You have quite a smart plan for such a lucky scenario. I do have somewhat same sort of plans if I really ever would win a jackpot that has not be possible yet. Basically I would stress upon saving most of it and use some in investing for the sake of increasing the capital without even losing it.

Jackpot is something quite big and in my opinion, if it would ever be so that I am offered with a jackpot in return of gambling then I would probably make it sure to eliminate the need to gamble again.
I doubt you can do it smoothly , as based on my coworker experince you will back to gamble.
And risking that huge amount , if you lucky enough you won't lost it all at once but slowly.
Really hard to keep your winning in hand , there's always something attractive to spend your money elsewhere rather than make it as investment.
That's the fault of all the gamblers especially when they win or can hit the jackpot, surely they will use the money to splurge. I think rarely do people think of investing if they have gambling addiction, most people who like to invest it never touch gambling because they know you will never profit from gambling.

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Juggy777
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October 03, 2017, 12:44:01 PM
 #211

If you would win a large amount suddenly, like a jackpot or a lottery, what would you do with the money? Especially if the money is coming to you suddenly, unexpected, and you were not prepared to win such large amount.

Let's say you would win something like 200 BTC or more,  which I have seen many gambling websites payout from time to time. What would you do with it?

1) You would gamble with it again, trying to multiply the bet, to get even more money
2) You would withdraw the money, and invest it into some financial investment: maybe some cryptocurrency investment, maybe some fiat investment
3) You would spend it:
    A) Buy a car or a house
    B) Spend it on women or wife
    C) Spend it on your kids
4) Donate it to charity
5) Start up a business
6) Hold it in Bitcoin
7) Other


First of all I might just faint from the shock I would have got, winning the jackpot. Post my recovery I would love to do a giveaway out here, earned my initial satoshi's out here, so would like to do a giveaway
Then I would like to invest in startups, and buy iphone X and randomly give it away, always wanted to do it. Would love to go Las Vegas and Hollywood and meet some stars and instead of throwing dollars throw trezar wallets.

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spngebob
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October 03, 2017, 06:22:51 PM
 #212

If I win jackpot(I am sure I will win it this week  Grin):

1) You would gamble with it again, trying to multiply the bet, to get even more money - Big no!
2) You would withdraw the money, and invest it into some financial investment: maybe some cryptocurrency investment, maybe some fiat investment - I would put in in different banks and live from interest.
3) You would spend it:
    A) Buy a car or a house -
Yes
    B) Spend it on women or wife - Yes
    C) Spend it on your kids - Yes
4) Donate it to charity - Part of it, yes
5) Start up a business - No, if i win jackpot i don't want to work anymore ever, your own business means a lot of work, more than 8 shift work for somebody else
6) Hold it in Bitcoin - No.

datarius
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October 03, 2017, 06:34:15 PM
 #213

If I won a jackpot or a very large amount of money, then I would buy a house and open my own business. I think that my decision would be very right for augmenting money in the future.

The same plan as what I'm thinking for hitting a jackpot, I will first build my own house and will definitely get into many investments. I will not return that jackpot to the house by gambling again, I have learned my lessons very well and it's always good to secure the bigger amounts from your winning and with this plans for my future will save me from losing it again and for having the same mistake.

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October 03, 2017, 06:41:22 PM
 #214

Getting a Jackpot is an unexpected, unexpected money we'll get before. Maybe I only have two choices, first, to spend it just to have fun so that I get the pleasure of doubling up or spending it for essential purposes like buying a better house, buying a car, giving it to some people close to us like family and to the person urgently require.

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October 03, 2017, 06:44:39 PM
 #215

I am supposing you talk about tax free money, as in my country jackpots are taxed, but for the sake of the argument I will suppose that the 200 bitcoin or equivalent in fiat would be tax free.

I would spend 50 bitcoin, not as soon as possible, but I would leave them to spend as I wish.

I would leave 25 in an instant access savings account and another 25 in a low risk (and also low return) fund.

I would buy 50 bitcoins worth of a S&P index fund. I already have money in one. What I would do would be to divide that money to buy periodically, like 1 bitcoin a month. It is the same as I do now but in much lower amounts

Then I would leave 50 bitcoins for cryptos, maybe I would have like 40 bitcoins and I would also buy some Ethereum and/or some other crytpos.

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October 03, 2017, 07:08:00 PM
 #216

I am supposing you talk about tax free money, as in my country jackpots are taxed, but for the sake of the argument I will suppose that the 200 bitcoin or equivalent in fiat would be tax free.

I would spend 50 bitcoin, not as soon as possible, but I would leave them to spend as I wish.

I would leave 25 in an instant access savings account and another 25 in a low risk (and also low return) fund.

I would buy 50 bitcoins worth of a S&P index fund. I already have money in one. What I would do would be to divide that money to buy periodically, like 1 bitcoin a month. It is the same as I do now but in much lower amounts

Then I would leave 50 bitcoins for cryptos, maybe I would have like 40 bitcoins and I would also buy some Ethereum and/or some other crytpos.

Nice diversification on here which is really good to look at and somehow to hard to wreck you down if you do have this kind of plan set-up regarding on the amounts that you do have won.Spending and allocating them on other investment is always a good step. One thing i do shocked about that how your jackpot is being taxed? which supposed to be tax free.

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October 03, 2017, 07:12:23 PM
 #217

The very first thing is to replay the debt so that you are a free person. Then will invest in cypto currency and other altcoins which I have being dreaming to hold some good coins . Will keep some fund in contingency and invest few in other financial instruments. Will buy a car and will have a holiday abroad.

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October 09, 2017, 04:53:53 AM
 #218

If I win jackpot(I am sure I will win it this week  Grin):

1) You would gamble with it again, trying to multiply the bet, to get even more money - Big no!
2) You would withdraw the money, and invest it into some financial investment: maybe some cryptocurrency investment, maybe some fiat investment - I would put in in different banks and live from interest.
3) You would spend it:
    A) Buy a car or a house -
Yes
    B) Spend it on women or wife - Yes
    C) Spend it on your kids - Yes
4) Donate it to charity - Part of it, yes
5) Start up a business - No, if i win jackpot i don't want to work anymore ever, your own business means a lot of work, more than 8 shift work for somebody else
6) Hold it in Bitcoin - No.
If you are interested in earning interest then no bank can give you as much interest as bitcoin can so I think it would be wiser to spend some of the amount on bitcoin too. After all, it can give thousand dollars within months.

If I were so lucky to win a jackpot, I will start a business because I like to keep myself busy and of course, invest some in bitcoin too.


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October 09, 2017, 07:05:22 AM
 #219

If I win jackpot(I am sure I will win it this week  Grin):

1) You would gamble with it again, trying to multiply the bet, to get even more money - Big no!
2) You would withdraw the money, and invest it into some financial investment: maybe some cryptocurrency investment, maybe some fiat investment - I would put in in different banks and live from interest.
3) You would spend it:
    A) Buy a car or a house -
Yes
    B) Spend it on women or wife - Yes
    C) Spend it on your kids - Yes
4) Donate it to charity - Part of it, yes
5) Start up a business - No, if i win jackpot i don't want to work anymore ever, your own business means a lot of work, more than 8 shift work for somebody else
6) Hold it in Bitcoin - No.

Do you think the jackpot will be enough for your entire life after you spent it on car, house, women, etc? This kind of money (from gambling) usually wont stay too long on your pocket/wallet, you should really think about your future and for your family's future as well especially your kids. Opening your own business could be the best thing to do to spend your jackpot money. You do not need to handle it by yourself, just hire someone you trust and let him to manage your business and you just enjoy the profit. You are a boss

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October 09, 2017, 09:17:10 AM
 #220

It depends on the amount of bitcoins that I have won, if they are at about 1 million dollar mark or more then I would go to a few of my dream countries and most likely live outside my home country. And then with the rest of the money I'll buy a house and live a glamorous life in it, but the chances of winning a jackpot in gambling are very less and require a great amount of luck to win. Also with the left over money I'll start my own business with I'm thinking about from past couple of years and if it gets successful then I'll increase my fortune by many folds in coming years.
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