Where do you invest 60 BTC?

[darkangel11]

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?'

Exactly. I know it may be harder for other people who are new to the space but once you've endured a number of downtrends you become immune to all this FUD and panic. Bitcoin holders who held for more than 3 years become like those old soldiers on the battlefield who find time to eat, smoke, take a piss, while all the newbies around them are sweating and shaking and nervously looking around.

If I had money to buy 60 BTC that would be it. Endgame for me. Maybe I'd sell 10, buy a boat and sail somewhere warm to kill time while I hodl the other 50.

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[60BTC]

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?'

You are a pessimistic person. It's a good idea to HODL but that doesn't mean don't invest. Not all people end up with bad investments and you can't advice all to not invest. Some people do make profit. In my opinion it is not a good move to just let you bitcoin sit idle.One should always have the mindset of earning more and more even if they own 60BTC I am not saying to fall for scams out there but use your brain and do some business and start something new, don't let it sit idle but do something. That was the whole purpose of this thread to get some ideas of investing in 2019 other than usual HODL mentality.

[Juggy777]

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 I would prefer to diversify my funds, hence I would invest 25 bitcoins in freebitco and earn one bitcoin as interest each year. Then I would take 15 bitcoins and invest them in Bitdice CSNO tokens, and enjoy the dividends I’ll get for holding the tokens. With the remaining 20 bitcoins I would prefer to hodl 10 bitcoins and cash out the remaining bitcoins, and invest the sales money in various startups so my money keeps on growing.

Links:

https://freebitco.in/#

https://medium.com/@BitDice/exposure-to-csno-token-everything-you-need-to-know-about-it-4727c35aeb8b

[gentlemand]

You are a pessimistic person. It's a good idea to HODL but that doesn't mean don't invest. Not all people end up with bad investments and you can't advice all to not invest. Some people do make profit. In my opinion it is not a good move to just let you bitcoin sit idle.One should always have the mindset of earning more and more even if they own 60BTC I am not saying to fall for scams out there but use your brain and do some business and start something new, don't let it sit idle but do something. That was the whole purpose of this thread to get some ideas of investing in 2019 other than usual HODL mentality.

Nope. Realistic and entirely empirical.

Your thread is about how to increase your BTC. Myself and a worryingly low proportion of others have pointed out that most methods are a superb way of decreasing it. The evidence is bellowing in one's face wherever you look.

If I'd attempted the same thing when I got rolling in 2013 I am extremely confident I'd have an awful lot less or nothing by now.

I've also said by all means risk a modest proportion of it. Go into it with no expectations and no panic and you might get a nice bonus or a salutory lesson. If the risk is managed correctly then it don't matter.

You're clearly going to do it anyway so I'll keep me gob shut from now on.

[robelneo]

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?  

Hold it and wait that the price will increase when it will definitely increase, this is the best time to hodl Bitcoin, halving is coming, a lot of institutions are coming and creating their own coin, China is very bullish about blockchain, if I want something that I could get our every day needs I will withdraw a small amount maybe 10%, just enough to start a buy and sell business.

[todiboa]

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 Bitcoins are a substantial amount. I think you can leave half of the funds for trading and half to spend on the implementation of Business. Although this is just my opinion, everyone decides in his own way.

[Dabs]

Give it to me, I'll put it in an index fund that gets 11% per year, so you'll earn (if prices do not change) about 6 BTC every year, or half a bitcoin per month.

Basically, turn that crypto into fiat.

If you really want to keep it in bitcoin and alts, I have a couple of ICOs / alts I'd privately recommend to you; but there are no promises or guaranteed returns unlike banks in the fiat world. I hear banks have Guaranteed Investment Certificates, which are more like corporate bonds but the annual interest rate is closer to 1% or 2% per year, maybe 3% if held for 5 years.

You still haven't said what country you're in, so can't really recommend what institution you should send it to. I'd check here: https://global.vanguard.com/portal/site/home

[sapnu]

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?'

Exactly. I know it may be harder for other people who are new to the space but once you've endured a number of downtrends you become immune to all this FUD and panic. Bitcoin holders who held for more than 3 years become like those old soldiers on the battlefield who find time to eat, smoke, take a piss, while all the newbies around them are sweating and shaking and nervously looking around.

If I had money to buy 60 BTC that would be it. Endgame for me. Maybe I'd sell 10, buy a boat and sail somewhere warm to kill time while I hodl the other 50.

If I have that lots of money it would be great if I try to invest half of it and I will buy a new house and other stuff with the other half. Because having that amount of money is not the end of the business, maybe one day we will need a lot of money and if we spend all of that, where do I get a money for a particular needs, so I am investing the half of it in some upcoming projects that are deserved to be supported, what do I mean of deserved? the projects that have capabilities of rising above other projects, I believe that there will be a project like that in the future and we just need to believe and support that particular project.

[60BTC]

I want to know something.If i invest and buy Altcoins like DASH - masternode. Will the returns be better than just HODLING bitcoin ?
I mean if i buy alts that give dividends,will i earn more in long term compared to if i just HODL bitcoin? I think altcoins price also rise with bitcoin pumps.

[TinaK]

I want to know something.If i invest and buy Altcoins like DASH - masternode. Will the returns be better than just HODLING bitcoin ?
I mean if i buy alts that give dividends,will i earn more in long term compared to if i just HODL bitcoin? I think altcoins price also rise with bitcoin pumps.

but we cannot ensure that this Bitcoin value holding will be increase the altcoin market price. If I own some decent amount of Bitcoins I wish go with the ethereum and half the fund on EOS to make the profit at the time in coming days.
Or else we can hold the bitcoins alone directly and wait for it then you can make at there also.

[worle1bm]

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 i would have that much amoumt of btc than i would prefer to hodl 60% and sell at high profits and invest 20% in diffrlerent business like real estate and stock market to earn stable incomes.Convert 10% in fiat and deposit in bank account to earn interest from banks and utilize rest for my interst in other activities.

[Magkirap]

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 think the best way is to make a way that this fund will continuously run, like having a business. It is very important that if tou gain a profit, you need to atleast mantain it so that you will not become a one day millionaire. Use it in a strategic way, don't mind those materials things and find a way how does the money work for you. This is one of the strategies of those chinese businessmen that is why they became successful in business.

[South Park]

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?  

There is no need to invest those coins in any other place, you are already holding one of the best investments in the entire world, so there are only two possibilities in my mind about what I could do with that money, one is to hold those coins for the long term thinking of them as my retirement account, the second option that comes to mind is to use those coins to become a trader even if you are not the most skilled trader you could still outperform the market and obtain even more bitcoin in the future.

[Ailmand]

Still better to invest in a business that could ensure that you will still have a constant income. I would either invest in a property or start franchising some business or even make my own business. 60BTC is a huge amount of money but with poor financial management, it would only last for a year or two.

[Mike Mayor]

It would be better to just keep it as bitcoin and hodl. You would not need to worry since you are already rich. No need to invest it or try risk it to make more. YOu already will have enough. Just spend it and enjoy it. You can even convert some to fiat so you can do things you need to do and then keep the rest as bitcoin. You don't even need to buy any altcoins but you can if you prefer to diversify your investment a little. I would take 1 or 2 bitcoin and just play around with them on the market buying and selling different altcoins, sort of like a side investment/experiment.

[Bees Brothers]

I can't tell you what you should do, but I can tell you what not to do...

Don't take financial advice from those that haven't been able to do what you did.

[Chris Barth]

Hmm... It's all about personal choice. For me, I would convert part of it to fiat while I leave the other part of it as bitcoin. Reason is because; as we are hoping and waiting that the price of bitcoin increases, it "could" decrease.

[owengtam09]

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? 

BTC60 is too high amount for me and enough already to buy a house, to make your own business and invest here again with bitcoin to earn more. House is really important to have especially if we have our own family already. I have a family but still, we don't have our own house, so having a house is really a big achievement we can have as a family. I also know a business that can make a good profit in the future so it is also a good investment for a business that I am thinking.

[secretgirl]

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 very much in my opinion. if that happens to me, I will not retire from crypto but I will also not invest all the bitcoin that I have. maybe 50% I will use to stay here and the rest I will make an effort. I will buy a certain amount of land, and I will use it as housing and I will sell plots later. I think it is a very profitable business now and has a bright future. maybe it's my imagination.

[Deepak33725]

nothing bro