Where do you invest 60 BTC?

[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?

You misunderstand me, We all know bitcoin is getting stable each year.There is rarely major fluctuation in price. I don't want my money to sit idle. I want an increase in bitcoin and increase in fiat will follow. For eg: turning 60 BTC to 100 BTC in coming years by starting a crypto business. I know it's possible with some right knowledge and ideas. At my age(27), i think it's wise to take a risk instead of just HODLING and doing nothing. Don't you think?

You think BTC is getting stable? It had 2 huge pumps this year the first time going from 4k to 14k and the second from then it went to 9k and again to 13k and it all happened in the matter of weeks. Where do you see stable here.
You also haven't seen anything yet. Bitcoin is still in its infancy with a value comparable to a single company like Amazon or Google. The first decentralized currency in the world is something less than 1% of the world owns but more people have an Iphone or a stupid paypal account.
I appreciate you trying to get more bitcoins but if you invest in a company you're putting money at risk. You could convert your bitcoins to goods that will in time give you more bitcoins like setting up a car rental company that accepts bitcoin but by the time this gives you back your 60 Bitcoin could go up in value by 200% and double your ROI time.

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[Lucas*]

Well 60 BITCOIN in 5 years it can be a great deal if the price of BITCOIN will increase into 20K $, I wouldn't invest all of them, I will divise them the half in a cold wallet and other I will buy many things and enjoy life with them! Chance doesn't came twice so let's profit! I also will gamble with a part of them in playing poker, I will buy a new car and a new bike, I will travel.... I will do anything that I can do with them. Just I wish I can attend 60 BITCOIN or even 30 BITCOIN.

[gentlemand]

You think BTC is getting stable? It had 2 huge pumps this year the first time going from 4k to 14k and the second from then it went to 9k and again to 13k and it all happened in the matter of weeks. Where do you see stable here.
You also haven't seen anything yet. Bitcoin is still in its infancy with a value comparable to a single company like Amazon or Google. The first decentralized currency in the world is something less than 1% of the world owns but more people have an Iphone or a stupid paypal account.

It reads rather like their mind is already made up no matter what and nothing will cause them to deviate from it.

We can be warped by the returns so far and often feel that we deserve ever more elsewhere and they're somehow a birthright just waiting to be unearthed. People should sit back and ponder how unique Bitcoin's circumstances and characteristics are.

There may well be nothing else like for a generation or more.

The idea of risking something that unique and proven in favour of the tsunami of dreck attempting to capitalise off its droppings seems flat out mental to me but it's all over this forum. In fact it may actually be the norm.

Have a dabble by all means but remain clear eyed about it. The people who do see past that will be only too happy to take the real deal off your hands.

[diahsw]

if it happens to me, I will continue to work, but just by the way, now the bitcoin that I get, I will invest in a trusted market, so that if someday the price rises, it will be a profit, maybe it will be repeated until I get tired of seeing money..!!

[mandor]

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?  

that's a very large number and if there are people in this forum able to collect 60BTC for several years it's very amazing. I personally if I have 60BTC then what I will do is use half of my BTC to open own business and the rest I will hold it. still more can be done if you have 60BTC and it depends on what decisions you will make on your BTC. but the first idea you have to do is open your own job or own business.

[crossabdd]

keep holding half of bitcoin, sell some bitcoin for real investments, such as land, houses, apartments, etc. and take a few more bitcoins to start a new business. so overall you have everything. bitcoin, personal business, home, land, you already have. then enjoy the results. bitcoin trading to keep on living.

[barabarian1]

if I get 60BTC I will divide it into 3 parts. the first 20BTC I will sell and I will use to open a business and part of it will also be used for donations. then I will use 10BTC to do daily trading. so that I will get a small profit that I can use for my daily needs. and the last 30BTC I will hold. I will sell it when the price of bitcoin goes up by 50% -70% but then when the price goes down I will buy bitcoin again. but this is just a fancy who would want to pay with 60BTC I think this is impossible.

[Kambal2000]

keep holding half of bitcoin, sell some bitcoin for real investments, such as land, houses, apartments, etc. and take a few more bitcoins to start a new business. so overall you have everything. bitcoin, personal business, home, land, you already have. then enjoy the results. bitcoin trading to keep on living.

Yes he should use it wisely, as he invested his time for 5 years working just for him to earn that much, so better to use it wisely as it is hard to earn but easy to spend and vanish if you don't use it wisely.

If I do that much money, will pay first all our debt, will save 30% for future, will retain the 30% for crypto holding and will invest in business those remaining 60%.

[Casdinyard]

Sure many things might happen in 5 years and that 60btc is hard to depend on. Even we say it's utterly huge now but bitcoin is too volatile that it can make it too valuable nor worthless in time.

I'll just think about it when I already have 60btc or more. lol!

I am disappointed since i did not cash out my bitcoin in December 2017 when it was up 20000$. It becomes really hard for me to sell when bitcoin price keeps going up 

And you better be disappointed when you buy at that price though. That ATH is will be just a dream for now.

[Genemind]

If I would have that amount, I will divide it into two parts. I would use half of it to put up a small business so that I would have a source of income to sustain all my daily necessities since I would stop working. I will use the other half to invest with crypto. I believe that it will be the best thing that I can do for the fruits of my hard work. I will choose to invest in Bitcoin and Ethereum.

[Eugenar]

It is indeed a very huge amount at this time, perhaps, what I would do to the 60BTC is probably, to start my own mobile application that will utilize cryptocurrency wallet. Atleast, with the 60BTC I already have the balance needed to operate it. If whenever incase this 60BTC grows a bit more bigger, what I will do is to invest it in bitcoin ATM's in this case, I could help to increase the market adoption, at the same time, grow my Bitcoin and Assets.

[PointHope]

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?  

HODL.

10 years from now 1 satoshi = 1 USD

[Slow death]

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?

You misunderstand me, We all know bitcoin is getting stable each year.There is rarely major fluctuation in price. I don't want my money to sit idle. I want an increase in bitcoin and increase in fiat will follow. For eg: turning 60 BTC to 100 BTC in coming years by starting a crypto business. I know it's possible with some right knowledge and ideas. At my age(27), i think it's wise to take a risk instead of just HODLING and doing nothing. Don't you think?

a lot of people get stuck in the idea of Hold, they forget that even Hold has a big risk. what I can advise you Is the following:

take some of your bitcoin and do real-world business

take some of your bitcoin and store it in several real world bank accounts

there are several options to increase your bitcoin in the online world, yes they are risky options, but what in life is not risky? trade is riskier and more lucrative, creating a casino is risky because many hackers will be sabotaging you and it has government regulation issues, creating an exchange is lucrative but it has security issues and government regulation issues. everything is risky

[Renampun]

maybe for some people, this will be risky
but what I do if I have 60 Bitcoin is investing 50% in a trusted gambling platform and investing 50% making my own mining
investing in gambling sites like Bustadice, Bitvest or other is quite profitable IMO.

[Wysi]

maybe for some people, this will be risky
but what I do if I have 60 Bitcoin is investing 50% in a trusted gambling platform and investing 50% making my own mining
investing in gambling sites like Bustadice, Bitvest or other is quite profitable IMO.

Well I would just cash out and use it in real estate investment but never ever think o mining as I have learnt the lesson hard way by already investing and losing huge chunk in mining as its not profitable in all the countries and requires lot of attention and you end up losing capital and have to pay extra on top of losa when the market is bearish.

[gentlemand]

If nothing else this thread is a fine demonstration of why most people don't end up wealthy even when it's sitting in their lap.

If I hadn't read the opening question I would assume it was 'how do I squander 60 BTC asap?'

[krostue]

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.

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.

outside of my own answer,
these are my favourite.
gentelmand casting pearls...

[buwaytress]

You think BTC is getting stable? It had 2 huge pumps this year the first time going from 4k to 14k and the second from then it went to 9k and again to 13k and it all happened in the matter of weeks. Where do you see stable here.
You also haven't seen anything yet. Bitcoin is still in its infancy with a value comparable to a single company like Amazon or Google. The first decentralized currency in the world is something less than 1% of the world owns but more people have an Iphone or a stupid paypal account.
I appreciate you trying to get more bitcoins but if you invest in a company you're putting money at risk. You could convert your bitcoins to goods that will in time give you more bitcoins like setting up a car rental company that accepts bitcoin but by the time this gives you back your 60 Bitcoin could go up in value by 200% and double your ROI time.

Yeah, can't remember where I saw it, but this week with that huge jump in price, it recorded it's biggest single-day swing (in both directions) since 2011. Can you imagine that?

So for anyone who keeps saying how late they are to the scene, if you can still break a record in 2019, you can be sure Bitcoin will break many more records in the years to come.

Stability? Why would we want that?

[JC btc]

maybe for some people, this will be risky
but what I do if I have 60 Bitcoin is investing 50% in a trusted gambling platform and investing 50% making my own mining
investing in gambling sites like Bustadice, Bitvest or other is quite profitable IMO.

Well I would just cash out and use it in real estate investment but never ever think o mining as I have learnt the lesson hard way by already investing and losing huge chunk in mining as its not profitable in all the countries and requires lot of attention and you end up losing capital and have to pay extra on top of losa when the market is bearish.

Great that you are using it for real estate, me I am using it as  payment of bills, and transferring funds. So, it's really amazing to see that Bitcoin is widely used in different aspect. I haven't done mining too as I don't have much time as of today, busy with dealing with my own business.

[asus09]

Well 60 BITCOIN in 5 years it can be a great deal if the price of BITCOIN will increase into 20K $, I wouldn't invest all of them, I will divise them the half in a cold wallet and other I will buy many things and enjoy life with them! Chance doesn't came twice so let's profit! I also will gamble with a part of them in playing poker, I will buy a new car and a new bike, I will travel.... I will do anything that I can do with them. Just I wish I can attend 60 BITCOIN or even 30 BITCOIN.

Are you sure he has 60 bitcoin in his wallet? if really have 60 bitcoin in his wallet maybe just sleep while and use bitcoin for investing with some top altcoin on exchange market like ripple and ethereum, he can plays with ethereum price when have to pump and dump because with 60 btc he can does what he what to do with altcoin price, I will allow what the altcoin to buy and invest by him.