Where do you invest 60 BTC?

[mk4]

I can answer your points.I am 27 yrs old web developer.decent pay.not married,financially stable in fiat.if i keep holding bitcoin thoughts do come to my mind will i be multi millionaire in future/the price crash to zero. I am thinking of starting a dice casino in crypto to make passive income but have no idea how much it cost to start such business.

That can work. But don't you think the casino niche is a bit too congested already? Unless you have a genius idea that could potentially make people move from existing reputable casino sites(Stake.com, Fortunatejack, etc) to your casino site.

[1714687690]

1714687690

[AjithBtc]

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'll diversify the amount into different investments. I'll allocate 20 bitcoin to invest on properties. Further I'll keep 10 bitcoin for my gambling needs. In the 30 bitcoin available I'll just hold 21 bitcoin. With the remaining 9 bitcoin I'll start a small business that gets me with a earning to fulfill my daily expenses. This way I'll make me one among the million to have 21 bitcoin.

[rijaljun]

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?  

In case I don't want to stop on holding Bitcoin, I would just spread it to some investments. I might not start a business and would just become a trader and investor. I might still become a holder of Bitcoin and trade it to get more profit. Bitcoin doesn't give dividen, that's the main problem for me, I would then exchange some of them to invest in fiat, stock market, to earn passive income.

[Lucius]

I can answer your points.I am 27 yrs old web developer.decent pay.not married,financially stable in fiat.if i keep holding bitcoin thoughts do come to my mind will i be multi millionaire in future/the price crash to zero. I am thinking of starting a dice casino in crypto to make passive income but have no idea how much it cost to start such business.

What really bothers you is the possibility that the price of Bitcoin may drop to zero or near that number, and that 5 years of your part-time job won't be worth anything. This possibility is real and exists, no one can guarantee that Bitcoin will exist for 5 or 10 years.

To reduce this risk, simply sell the part of Bitcoins that you think would be enough pay for what you've been doing for the past 5 years, second part save to paper or hardware wallet, and third part use for investment in something you think that is safer than Bitcoin (gold, silver, stocks, real estate).

If you have no experience with things like online casino, maybe it is better to stay away from such things. It is not only money you need to invest, but also all legal&regulatory issues.

[Youghoor]

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?  

Starting up a business will always be a good way to invest the 60BTC . You are 100% sure that your business can make you a double of the initial investment capital you used.  Businesses present real assets that will bring you income for a long term if your business addresses specific problem in the ecosystem you find yourself. Starting up a business is a good retirement plan. With that, you will have a source of a specific income at any moment in time.

[ChrisPop]

But don't you think in the long run you would earn more by holding bitcoin instead of selling and then buying apartments to earn monthly income?

Investments and finance is a game of risk management.  In my opinion it is very important to diversify your portfolio to reduce risk especially when you're managing large amounts. Real estate offers monthly income plus appreciation of the properties. Of course I would get much more if Bitcoin is successful long term, but it is not about how much you make, but about what income you can maintain and eventually grow.

[60BTC]

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?  

Starting up a business will always be a good way to invest the 60BTC . You are 100% sure that your business can make you a double of the initial investment capital you used.  Businesses present real assets that will bring you income for a long term if your business addresses specific problem in the ecosystem you find yourself. Starting up a business is a good retirement plan. With that, you will have a source of a specific income at any moment in time.

Any good bitcoin ideas you wanna share for business?

[gentlemand]

Starting up a business will always be a good way to invest the 60BTC . You are 100% sure that your business can make you a double of the initial investment capital you used.  

Yeah. A business that guarantees a doubling of your money sounds really, really cool. Why the hell aren't more people doing that? Why are others losing money? What's wrong with those deadbeats?

[acroman08]

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?  

What ChrisPop suggest(quoted below) is a great investment for new investors. it is also preferable to you since you are looking for a passive income (quoted below ChrisPop). but if you are only interested in crypto type investment holding is a great way and will be suggested to you a lot of times. you can also invest in gambling sites(not starting a gambling site) which I am currently doing but you have to read their FAQ about Investment to get the full idea on how their investment work. but in the end, it will still be your choice is to where you will invest your money.

I would invest them in my wallet haha jokes aside I would probably get around a quarter out to invest into a hard real asset like a couple of apartments that will provide me a stable monthly return. I would keep the rest in BTC in my wallet because I'm so bullish on it long term.

I can answer your points.I am 27 yrs old web developer.decent pay.not married,financially stable in fiat.if i keep holding bitcoin thoughts do come to my mind will i be multi millionaire in future/the price crash to zero. I am thinking of starting a dice casino in crypto to make passive income but have no idea how much it cost to start such business.

[Oasisman]

~snip~

I don't know jack shit about trading so it is not for me sadly but if i knew trading i would be doubling that amount in a year.

I'll tell you, It will never be easy doubling your capital in a year. Trading ain't no joke, It needs experience and expertise. As you said, you don't know nothing in the field of trading then you still have a long way before you can maximize the opportunity in monetizing the trade.
Just stick to your original plan. Holding has almost no risk at all, and there's still plenty of time for you to wait till Bitcoin will reach new heights. $9,000+ Is too cheap for you if you try to sell it today. Being financially stable, I dont see any reason for you to sell some of your Bitcoin in this price. Maybe a bigger business will come follow than what  business you are planning right now after you sold your Bitcoin in a much higher price.

[CoinFoxs]

I would invest 60% in real estate, from rest 40% I will hold 20% of them for bitcoin price to increase and I will spare 20% for traveling and other things including buying new cars for myself Now come to real-world if I have that much BTC at that time then i definitely hold them for future because we know bitcoin will pump again.

[Lmaooo]

Wow, 60 bitcoins are a very huge amount of money not many people here know where to invest such amount of money including myself. I think it is better to HODL your bitcoins rather than selling and buying some shitcoin. Bitcoin value will grow bigger in the future so why sell now? I'm afraid HODLing is the best answer  

[cotton ball]

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 staking if have 6 btc in my wallet, staking have the same meaning with holding but you can increase your bitcoin waiting when bitcoin price is up, but with staking you can get many bitcoin depend which one exchange do you choose for your staking coin. You can withdraw or sell your bitcoin after staking success and bitcoin have higher price after several time staking success.

[BChydro]

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?  

If you were able to earn half a million dollars in the past five years it is not a bad job you are doing continue that work for the next five years and wait for the price of bitcoin to rally once again and access the situation and trade accordingly, it all depends upon your comfort on what to invest with the money you have but you can wait a couple of years and see how the market will be at that stage and keep on working till that time rather than looking for an early retirement.

[gentlemand]

I will staking if have 6 btc in my wallet, staking have the same meaning with holding but you can increase your bitcoin waiting when bitcoin price is up, but with staking you can get many bitcoin depend which one exchange do you choose for your staking coin. You can withdraw or sell your bitcoin after staking success and bitcoin have higher price after several time staking success.

What the hell does this mean?

If you mean 'investing' it in alts for staking then that's complete and utter suicide. In return for an infinitesimal percentage of returns from a worthless alt your worthless alt will also lose 80-100% of the BTC you put into it.

Almost no one here should be listened to. It's like a hive mind of mindlessness.

[target]

Well since you are not interested in trading, its best to just hold your coins with you and wait til you finally need the money badly and spend it like for your health. Don't force yourself into learning to trade when you are not really into it. Most of those who tried and without interest are just losing instead. Remember that you are lucky enough to have gotten 60BTC while the rest doesn't even have 1BTC at all. For many of us 60BTC is a fortune.

Staking ETH would be best I guess. This will happen next year.

[Deathwing]

Put up a loan service and lend it to the people. Ask very, very reasonable interest in exchange. Considering that I have more than half a million dollars (even with today's standards) that should be pretty okay thing for me to do. It doesn't even have to be all of it. Leave 30 BTC for HODLing or other activities that you may want to partake in and just keep reinvesting the remaining 30 with loans and such. While HODLing is a good way of earning money in the longterm, the coin can work to increase itself too.

[60BTC]

I will staking if have 6 btc in my wallet, staking have the same meaning with holding but you can increase your bitcoin waiting when bitcoin price is up, but with staking you can get many bitcoin depend which one exchange do you choose for your staking coin. You can withdraw or sell your bitcoin after staking success and bitcoin have higher price after several time staking success.

What the hell does this mean?

If you mean 'investing' it in alts for staking then that's complete and utter suicide. In return for an infinitesimal percentage of returns from a worthless alt your worthless alt will also lose 80-100% of the BTC you put into it.

Almost no one here should be listened to. It's like a hive mind of mindlessness.

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?
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 

[bellicose]

I would not invest all this amount in any one project or coin, because it will be risky. The amount is rather big and in your place I would consider buying shares of some large companies, there you will probably receive good dividends after a certain time.

[gentlemand]

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.