Need major help - PLEASE 1600 BTC

[richforeveroneday]

I have 1600 bTC. I don’t know what to do with them. Should I take them out or should I keep them? I had the coins since 2012, I had over 5,000+ but all I can remember is this account. The best advice will get some of my coins. Please let me know what you guys think. I was thinking the following:

1 - take the coins out via MTgox or bitstamp as I have registered with them and pay the 5,000 commissions to cash my coins out
2 - set up my own site via a PHP developer and cash out
3 - use the coins I have to buy and sell, i.e. buy high and sell low in the market (could have made $300,000 today)
4 - buy items with the goods and sell them in real life
5 - make my own site like localbitcions and pose either as seller or just use localbitons services
6 - start my own bit coin gabling/betting site
7 – make my own bitcoin currency
8 – spend my money on LTC and namecoins

I have a few more ideas but I think these were the best. I live in UK and I think there a tax law comes in to place in January. But the coins usually go even higher then you can think when there is a crash.  But if the tax law comes it mean for sure BTC will not be anonymous and therefore lose one it highest traitors, maybe namecoin will be market leader one day?

Please justify what you say and I know you guys are smart are there so, tell me what you would do if you was me.  If we go with option three I will pay up to 20 people to give me advise when to buy and sell and give them all a very small cut of the profit.  I am also stable I don’t need house or anything. This is change I have that I want to use to change my family life before I die.

[LightningBlade]

I have 1600 bTC. I don’t know what to do with them. Should I take them out or should I keep them? I had the coins since 2012, I had over 5,000+ but all I can remember is this account. The best advice will get some of my coins. Please let me know what you guys think. I was thinking the following:

1 - take the coins out via MTgox or bitstamp as I have registered with them and pay the 5,000 commissions to cash my coins out
2 - set up my own site via a PHP developer and cash out
3 - use the coins I have to buy and sell, i.e. buy high and sell low in the market (could have made $300,000 today)
4 - buy items with the goods and sell them in real life
5 - make my own site like localbitcions and pose either as seller or just use localbitons services
6 - start my own bit coin gabling/betting site
7 – make my own bitcoin currency
8 – spend my money on LTC and namecoins

I have a few more ideas but I think these were the best. I live in UK and I think there a tax law comes in to place in January. But the coins usually go even higher then you can think when there is a crash.  But if the tax law comes it mean for sure BTC will not be anonymous and therefore lose one it highest traitors, maybe namecoin will be market leader one day?

Please justify what you say and I know you guys are smart are there so, tell me what you would do if you was me.  If we go with option three I will pay up to 20 people to give me advise when to buy and sell and give them all a very small cut of the profit.  I am also stable I don’t need house or anything. This is change I have that I want to use to change my family life before I die.

Whatever you do, avoid MTgox. It is one of the hardest place to get usd out.

[niktitan132]

Sell on bitstamp slowly 5-15 BTC per day because if you sell to much on one time you will not get what you want.We can talk over email if you want for any help or info.My email nikola.kutnjak2@gmail.com

1MY8JmG3Jtpx15uk28MJmwp1Ju8JNRfvPP

[richforeveroneday]

I am in UK, I have used them to buy the coins from them first but got very creped out when they asked for ID and I stopped buy coins after that. Since then I held on to them.

There pervious Barclays bank account has also been shutdown since then. I can ask them to pay via there Polish account. Is that a good idea?

I really don’t know what I am doing and just don’t want to regret the chances I got right now.

[Les]

Here's what I woul do:

-Sell for cash (lucky you, it 's a lot of cash): 20%
(I would wait for best price, probably in vacation when people have more free time the demand and price will go up)
-Invest 10%
(stock markets, Bitcoin investing, whichever you prefer. I personally like NASDAQ, but that's just coz I'm kinda geeky...
-Trade for LTC: 10-15%
(probably going to increase value in the next few months)
-Trade for gold: 5-10%
(always a stable value)
-Maybe buy a bit of Primecoin , Peercoin etc.: 0.5% to 1% each.
-Save the rest (at least half) if you don't need the money right now.


I wouldn't mind some tipping

199C1VPWK6GSsHjsHagn4Pj9zRAb5P9YWr

Additionally, if you are really wanting to start a business with your BTC's, I would go for starting a small-medium local BTC trading business. New people are interested in buying bitcoins every day, and if you can find a place with a lot of traffic (physical or online) it won't be a bad idea.

[richforeveroneday]

Sell on bitstamp slowly 5-15 BTC per day because if you sell to much on one time you will not get what you want.We can talk over email if you want for any help or info.My email nikola.kutnjak2@gmail.com

1MY8JmG3Jtpx15uk28MJmwp1Ju8JNRfvPP

Hey buddy thanks for that and that super kind of you. To be honest if I have the money $1 mill I cant have just sitting in my bank doing nothing, I have not verified bitstamp either. Do you know how long they usually take. Plus if I am I am going to sell them should I just not do it on local bitcoin, it would be much quicker and faster and I charge a higher price. i.e. make up for the loss?

[specgamer]

I see the line that says "I need 1600 BTC'.
I'm out of here.

[ingrownpocket]

I have 21 million BTC, I don't know what to do with them either.

[geraFoerra]

Sell slowly at localbitcions but only after price stabilizes above 1000 USD.
Spend some coins buying things you would buy anyway with fiat.

Selling all coins at once at exchange is sure way to tax your income

[Fuyuki_Wataru]

You claim to have 1600 BTC, but only got 1 post. Right, I can suppose you want to stay 'hidden'.

Your from the UK? How old are you if I may ask, because indicating from your post it doesn't seem like you are from the UK at all.
If anything, you seem like your from east Europe.

So, I think this is just another troll post.

[niktitan132]

Sell on bitstamp slowly 5-15 BTC per day because if you sell to much on one time you will not get what you want.We can talk over email if you want for any help or info.My email nikola.kutnjak2@gmail.com

1MY8JmG3Jtpx15uk28MJmwp1Ju8JNRfvPP

Hey buddy thanks for that and that super kind of you. To be honest if I have the money $1 mill I cant have just sitting in my bank doing nothing, I have not verified bitstamp either. Do you know how long they usually take. Plus if I am I am going to sell them should I just not do it on local bitcoin, it would be much quicker and faster and I charge a higher price. i.e. make up for the loss?

They verified me in 4 days.It was 1 month,ago.I dont know how long takes its now.Its a better option for you to sell it on localbitcoins you just need to find the best buyer with the highest price.

[richforeveroneday]

Here's what I woul do:

-Sell for cash (lucky you, it 's a lot of cash): 20%
(I would wait for best price, probably in vacation when people have more free time the demand and price will go up)
-Invest 10%
(stock markets, Bitcoin investing, whichever you prefer. I personally like NASDAQ, but that's just coz I'm kinda geeky...
-Trade for LTC: 10-15%
(probably going to increase value in the next few months)
-Trade for gold: 5-10%
(always a stable value)
-Maybe buy a bit of Primecoin , Peercoin etc.: 0.5% to 1% each.
-Save the rest (at least half) if you don't need the money right now.


I wouldn't mind some tipping

199C1VPWK6GSsHjsHagn4Pj9zRAb5P9YWr

thank for the help buddy but, If I have to cash it out I rather buy a flat in Chelsea and leave on rent. To pay for my son wedding and to have a home when I die.

Should I just buy and sell use the Mtgox and use the feature to buy and sell the coins at certain price?

Honestly I think the reason why LTC is going up is because people are investing hoping for the same thing to happen like BTC but I think the reason why LTC wont go up is because no active drug site will use them. Atlantis was the only one and when they were in operation the price of LTC grew.  I think if was to get implemented in a site, it will increase the value.  But I don’t know it may work like magic for the LTC,  I think namecoins has a better chance if it was used alongside PGP.

Gold is a good idea. I could also keep that in a bank safe. But I could get more money just buy renting the house or even giving my money to the bank.

Do you think the BTC has reached it peek at $1,215?

[Holdaaja]

Buy all alt-coins with 5-10BTC each from Btc-e and save them in paper wallet. And save rest BTC in paper wallet too.
And when you want buy something cash out for it and hold rest until BTC became worlds main currency, and BOOM you are top 100 richest man in world.

Feel free to donate, respect:
1Agy5BVCxFHi34nJxPdggyAoGh4XLAwbdP

[richforeveroneday]

I see the line that says "I need 1600 BTC'.
I'm out of here.

no no buddy come back, i need your brain!!

[BitcoinFr34k]

Gold isn't stable at all. The price has been dropping for ages.

[miffman]

Invest 5-15 BTC in CGB. Price is going to jump with Madesparq soon

Any chance for tipping? I need a .1BTC if you're feeling generous lol

[DodoB]

Take it and live a good life for ever. dont be greedy,and dont take them all out at once. take out 1 BTC at first,than the rest if it works out. good luck  

[AuroraHF]

Don't cash out all of it, take a large portion of it and convert it to fiat and use it for whatever you want. I suggest starting a website if you're down to gain more BTC, as it's one of the most profitable. I have ran several BTC-related websites and I would say it's quite profitable. Good luck to your endeavors.

[richforeveroneday]

You claim to have 1600 BTC, but only got 1 post. Right, I can suppose you want to stay 'hidden'.

Your from the UK? How old are you if I may ask, because indicating from your post it doesn't seem like you are from the UK at all.
If anything, you seem like your from east Europe.

So, I think this is just another troll post.

no offence taken matey. i am 15 going 16 strong from Poland here my wallet check it out on blockchain

1GDCa1L4Z8DBZQv8gWK8k1HZkMdFy4mbGU

[Les]

Here's what I woul do:

-Sell for cash (lucky you, it 's a lot of cash): 20%
(I would wait for best price, probably in vacation when people have more free time the demand and price will go up)
-Invest 10%
(stock markets, Bitcoin investing, whichever you prefer. I personally like NASDAQ, but that's just coz I'm kinda geeky...
-Trade for LTC: 10-15%
(probably going to increase value in the next few months)
-Trade for gold: 5-10%
(always a stable value)
-Maybe buy a bit of Primecoin , Peercoin etc.: 0.5% to 1% each.
-Save the rest (at least half) if you don't need the money right now.


I wouldn't mind some tipping

199C1VPWK6GSsHjsHagn4Pj9zRAb5P9YWr

thank for the help buddy but, If I have to cash it out I rather buy a flat in Chelsea and leave on rent. To pay for my son wedding and to have a home when I die.

Should I just buy and sell use the Mtgox and use the feature to buy and sell the coins at certain price?

Honestly I think the reason why LTC is going up is because people are investing hoping for the same thing to happen like BTC but I think the reason why LTC wont go up is because no active drug site will use them. Atlantis was the only one and when they were in operation the price of LTC grew.  I think if was to get implemented in a site, it will increase the value.  But I don’t know it may work like magic for the LTC,  I think namecoins has a better chance if it was used alongside PGP.

Gold is a good idea. I could also keep that in a bank safe. But I could get more money just buy renting the house or even giving my money to the bank.

Do you think the BTC has reached it peek at $1,215?

I understand the way you see it.

Here are my main concerns:
.
Mtgox will literally rip you off with fees. So will bitstamp. I beleive you already know that, so here's my solution Find a local dealer and see if you can negotiate fees with him, based on the large volume of BTC you are willing to exchange. You're probably best off like that.

The flat idea sounds great, but I wouldn't do it unless I can find someone who will accept BTC's as payment. Again, passing BTC's to cash will fry you in fees, so see if you can find a dealer working with bitcoins.

You are making a good point on the durg market affecting the value of Litecoins. The way I see it, Bitcoins have reached such a high price that public is shifting towards more affordable cryptos'. Whether they do it hoping for their value to rise or for the sake of convenience, we would have to run a poll around here. But there is no doubt that, if the LTC demand rises, the early bird gets the coins.

As for the peak 1 at 1215, it depends on how much of a long term you are willing to work on: My beleif is that during vacation, and especially with Christmas sales having already started in some places, the price of the bitcoin will go up. If you want to work on a monthly basis (short term), BTC will probably reach that price again by the end of this year. If yoo want to work on a yearly basis, then certainly BTC will surpass 1215 a year from now.

Hope it helps you make up your mind!

P.S. I took the liberty to check your balance, congrats on such wise investing!

199C1VPWK6GSsHjsHagn4Pj9zRAb5P9YWr