Where do you invest 60 BTC?

[erickastella]

if I just want to open a business in the real world, such as a culinary business where payments are made using cryptocurrency, yes for the permit it is very difficult but can use paper money, then buy shares, and distribute some to my children or grandchildren if one day I die.

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[Darker45]

Suppose you earned 60BTC by working hard for 5 years and one day you decide now you don't want to work then what would you do with that amount?
How would you invest that amount? What will you do? Hold it dreaming the price will rise? Sell it and invest the fiat? or start a business? or retire? Any ideas?  

I will have to divide it. A portion will certainly remain in my wallet. A little portion would go for my house and car, about 6 BTC in total. A few more BTC will be converted into fiat for starting a little business. And perhaps a few more for investment in real estate most probably. And perhaps that is all. If I have a business, that will surely be open for Bitcoin payments so my Bitcoin will still be refilled in one way or another. The rest I will be spending for my daily needs. How I wish this is all true!

[Pearls Before Swine]

That's a hell of a lot of money.  If that was my *only* savings, I would cash some of it out and put it into some kind of savings account.  Not much, but cash is useful.

Next, I would keep about 75% of it in bitcoin, because I am convinced that bitcoin is the best investment as far as crypto goes.  I might convert about 5% of what's left into some good altcoins, maybe distribute the remainder evenly among some of the largest cap coins on coinmarketcap.  That would probably mean Eth, dash, and one or two others at most.

Unfortunately the reality is that this is just a mental exercise for me.  I don't have anywhere close to 60BTC and I don't anticipate ever having to make that decision.  One can dream, tho. 

[abel1337]

If I'm holding something like 60 BTC, I would divide it and invest it on something like gambling casino roll or I might trade it If you have something like 60 BTC you could be powerful enough to win trade wars. There are many choices to invest in.

I suggest that you should follow your own forte, Like building an I.T company since you are a programmer/web developer.

[60BTC]

What do you think about DASH staking? is DASH also a shitcoin? I heard DASH masternode staking gives good returns. I can invest in that and it requires 1000 DASH to begin with. Is it a good investment or do you think it's better to just HODL bitcoin which will give better returns overall?

No one should ever buy an alt for the staking. It's an OK bonus if you already own the alt, but even then I have a stakable alt and the returns are so low I can't even be bothered to set it up. Under no circumstances is it worth buying in just for that.

Everything everyone is suggesting comes with an unacceptable level of risk, or are plain fucking stupid.

You've gotten this far and have wound up with an amount of BTC most dream of. Don't blow it now.

This forum is littered with the dead bodies of people who thought they were geniuses by going balls deep into the most ridiculous propositions. Almost all crypto businesses fail. Almost all alts will die. Almost all traders fail. Almost all gamblers set all their money on fire. Almost all lending out finishes up with the money being stolen.

If you really want to experiment with different ideas then don't risk anything more than a very small percentage. Never let go of the vast percentage of your BTC.

What you are suggesting and saying is the safest thing to do and in this way my bitcoins won't increase and only risk is bitcoin loosing value over time. I am up for little risk because Warren Buffet says - "If you don't find a way to make money while you sleep, you will work until you die". I think he is talking about passive income here and that's what i want to achieve in the long hall.

[goldkingcoiner]

60  BTC? Thats already the investment. Do you think you can find a better investment?

[electronicash]

What you are suggesting and saying is the safest thing to do and in this way my bitcoins won't increase and only risk is bitcoin loosing value over time. I am up for little risk because Warren Buffet says - "If you don't find a way to make money while you sleep, you will work until you die". I think he is talking about passive income here and that's what i want to achieve in the long hall.

there are projects offering passive income like investing to a casino project like BETHASH.  bear in mind that this isn't for the conservative investor.

what you could do is learn the signing message in wallets and lend you BTC for collateral. you earn by interest here from the forum members. you will have to choose which users to lend though, maybe those who had proven records and reputable. this is one way to grow your BTC.

[gentlemand]

What you are suggesting and saying is the safest thing to do and in this way my bitcoins won't increase and only risk is bitcoin loosing value over time. I am up for little risk because Warren Buffet says - "If you don't find a way to make money while you sleep, you will work until you die". I think he is talking about passive income here and that's what i want to achieve in the long hall.

If there was a viable and safe option for passive income/increaases in cryptoland everyone would be doing it. It would be swamped instantly. The fact that it's effectively not possible is what all the scammers and assholes prey on.

In my experience people don't want advice, they just want the choice they've already settled on to be affirmed by others. I can only offer my own observations and experiences of several obsessive years observing it all and they're listed in that post. If you have that much you must've been around for a decent time too and seen the endless parade of disaster.

If you want to experiment then do so. Don't do it with anything more than you're happy to see go up in smoke.

60  BTC? Thats already the investment. Do you think you can find a better investment?

The above. At least some of the time Bitcoin itself is doing exactly what you're looking for, it's making you money while you do nothing. You don't have to trust anyone else. You don't have to put much work in. You don't have to wait and hope that something emerges from obscurity or comes back from the dead.

[Doell]

60 bitcoin is a lot of money for me it's something that might not happen so I won't dream of going in any direction mate but if its true then I can do any business to retire ,new rich people mate

[error08]

Two things;
- divide your bitcoin into 2, half for your savings, bitcoin's price will rise higher in the years to come.
- BTC30 invest your bitcoin into some businesses, retail shop, properties, boarding house, anything that might catch your interest and at least isn't too difficult to learn.
If a business could run without your attendance, then your investment is working.

[Meowth05]

Suppose you earned 60BTC by working hard for 5 years and one day you decide now you don't want to work then what would you do with that amount?
How would you invest that amount? What will you do? Hold it dreaming the price will rise? Sell it and invest the fiat? or start a business? or retire? Any ideas?  

Well that is a big amount actually and I have a of things I can do with it and the best option is to start a business. I prefer to start a business so that my income is guaranteed when the time I leave from work. Hold is my second option, I knew that Bitcoin will be something more in future and possibility of getting a high return.

[Lucius]

I am up for little risk because Warren Buffet says - "If you don't find a way to make money while you sleep, you will work until you die". I think he is talking about passive income here and that's what i want to achieve in the long hall.

You have more than many others will have throughout their entire lives, and you don't need all that money right now since you have a decent job that makes you have a decent life. I gave you advice on which way you can at least partially solve your doubts, but you are looking for some surefire way to invest money and earn passive income. As others say, Bitcoin is risky, but great investment - do you know how much 1 BTC is worth before 5 years, or just 2 years ago?

If you like Buffett (you miss one letter), I hope you know what he means about Bitcoin - you should sell all 60 BTC today and invest in what he is investing, he is rich person, don't you want to be as rich as he is?

[MMysterious]

Suppose you earned 60BTC by working hard for 5 years and one day you decide now you don't want to work then what would you do with that amount?
How would you invest that amount? What will you do? Hold it dreaming the price will rise? Sell it and invest the fiat? or start a business? or retire? Any ideas?  

You need to diversify it carefully. If I have that kind of money I will divide it into like this:

Cash savings - daily expenses and for emergency purposes too, you can put some of this fund to time deposits or any form of investments that you can easily withdraw anytime.
Bitcoin - most secured crypto currency, I believe halving can bring its price high enough than its current value.
Altcoins - you need to very extremely careful with your picks here, maybe 3 altcoins in the top 10 listed at coinmarketcap, 1 from top 50 and 1 another promising project that just started or anything outside top 50 you believe has the potential to become another top altcoin.
Real estate - you can purchase house and lot or parcel of land or both.
Fiat investment - you can diversify to bank time deposits, bonds, and other secured form of investments
Business - think about your passion in life and how you can make it profitable

It will be up to you how you can allocate the amount based in your priorities and expertise. Like for example you are good at business then you can put 1 or 2 or even 3 you think you can manage.

[krostue]

The only thing you should exchange your BTC holding for is something with the possibility to appreciate at a more exponential rate than the standard exchange fluctuation.

While staking a PoS coin is good for users who do not want hardware headaches of PoW it is not really the best avenue in the grand scheme of things.
For years, I staked some long-forgotten coin that helped me pay to keep the house heated one winter. So that does work for some people. This is when PoS works when the total number increases yes, but also the price in BTC goes up in the open market. There are too many circumstances beyond your control for something like this to work out, reliably.

When trading the best bet is to "buy low and sell high." While stocks are based on news and annual reports of companies, you can see the much more of the community of any project online for crypto projects. "Buy on rumour sell on news" as they say, so many times the FUD-pits are the best source of info, as the market already moved by the time headlines are written. This market never sleeps.

There is no stopping you from getting involved with any project here at BCT. For anyone as a casual outsider, who is thirsty for ROI, it is difficult to see beyond the face value of any given project. The realness of any protocol is not the marketcap or daily transactions, but the more important social glue. Are the users honourable and considerate as a whole? It is very difficult to find a group of crypto enthusiasts who are not collectively or individually succumbing to one logical fallacy or another.

It would appear to me that your next steps involve focusing the skills you enjoy using and contributing a small portion of the funds accessible to pursue an endeavour whose benefit is not only financial but rewarding in other less tangible ways.

Taking an active role in an open project who needs a bit of coordinated and accountable funding (like a bounty system) as well as a person with your desired skill set would be the best foot forward. If you are working for someone else and want to keep the day-job then perhaps a less active role would be good in this organization until you start getting enough regular passive income to replace the comfort level your current career provides. 

Personally. If i had that much BTC, i would buy some land, a stainless steel wallet, some concrete, a safe and make my own cold storage facility/
then will the land to my next of kin, until the progeny is born.

please feel free to PM, even if you are larping

[Shasha80]

It's really hard to imagine having a fortune of 60 BTC, that's for me a lot of money. If I have 60 BTC, it will be used to start
a business in the real world, buy a house, buy new cars, donate to charitable foundations, and save for trading. That is definitely
with money that much I really enjoyed life, hopefully it became a reality I could have wealth of 60 BTC.

[JC btc]

Suppose you earned 60BTC by working hard for 5 years and one day you decide now you don't want to work then what would you do with that amount?
How would you invest that amount? What will you do? Hold it dreaming the price will rise? Sell it and invest the fiat? or start a business? or retire? Any ideas?  

Well that is a big amount actually and I have a of things I can do with it and the best option is to start a business. I prefer to start a business so that my income is guaranteed when the time I leave from work. Hold is my second option, I knew that Bitcoin will be something more in future and possibility of getting a high return.

With that amount, what I can also do as a start is to have my own business just like what you will do too. 60 BTC is really big enough money, you can't earn much of it nowadays, it will be really hard to earn it.

After having my own business at least 2-3 different business then I will enter the investment in stockmarket and in the crypto world.

[Google+]

if I have that much investment capital I will invest by dividing the capital I have, 70% for bitcoin and 30% for investment in altcoin because I know that very fast price movements are bitcoin while altcoin will follow the movements of bitcoin prices so that is why I choose investments in bitcoin and altcoin in different divisions.

[Quidat]

Suppose you earned 60BTC by working hard for 5 years and one day you decide now you don't want to work then what would you do with that amount?
How would you invest that amount? What will you do? Hold it dreaming the price will rise? Sell it and invest the fiat? or start a business? or retire? Any ideas?  

60 BTC is currently price total of $500k. For those well developed countries then this amounts wont fit out for someone to go into a retirement
but for those people who live on 3rd world then this would be enough for you to live forever without having a day job unless if you do really
spend this money wisely and properly but since you do talk about on how to utilize it then on my own ways i would cashout the half of coins
to fiat and invest into offline projects like a bachelor pad renting or any other building which would be good for leverage.
Incase if crypto would be on very bearish mode then you can simply sustain yourself into those offline business earnings without relying into your
crypto earning.

[kolonel_x]

Short time working 5 years to get 60BTC is that possible ??

Of course with 60 btc funds it will be used well the most important thing is for long-term investment of about 50%, trading can use 10% is enough for me, 20% for businesses in the real world and I really like business, 20% to buy luxury house to enjoy our life in old age.

Just a fancy. 

[darkangel11]

Suppose you earned 60BTC by working hard for 5 years and one day you decide now you don't want to work then what would you do with that amount?
How would you invest that amount? What will you do? Hold it dreaming the price will rise? Sell it and invest the fiat? or start a business? or retire? Any ideas?  

60BTC in 5 years? That's 12BTC a year! Even if we take a low price of 3000 USD which was the low for the last 3 years it's still 36k USD a year. That's some serious money. You must be working hard 24/7 or gambling, or you are a UN MP those people get paid big money for nothing

Holding BTC is already an investment. Why would you double the risk by reinvesting an investment?

Think in the terms of physical goods. You have a house that you're renting out and that gives you a good passive income with a small degree of risk but now you want to go play poker and put your house on the table. Do you need more money so much?