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kuyaJ
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November 01, 2019, 06:47:12 AM |
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Suppose you earned 60 BTC 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 would invest to a business that would grow as my passive income then I will upgrade my business if it success. As a bitcoin user, I don't rely do the bitcoin because anytime you wouldn't get income until you lose your bitcoin. |
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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prospectorr
Newbie
 Offline
Activity: 23
Merit: 0
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November 01, 2019, 07:07:51 AM |
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I would spend a part of the 60 BTC to charities and needy people and then I'll think about investing in a constructive way if I get 60 BTC of course
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trumpman
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November 01, 2019, 07:08:10 AM |
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Suppose you earned 60 BTC 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? Here's what I would: - Turn 10 btc into cash now and retire from my work. Use those money for daily expenses for the next couple of years. - Use 10 btc to buy myself an apartment, if I don't have one. - Invest 10 btc into some solid alts, like BAT - Invest the free time I now have to learn a new & useful skill that I actually enjoy. Ideally, something that might come in handy proffesionally when I run out of cash, like programming. - HODL the rest in case btc moons hard Please note that the advice above comes from the POV of a resident of a relatively cheap European country. If you are from the U.S. or something things are different.. For example, I highly doubt you can get an apartment with 10 btc with current prices ^_^ |
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cutesgirl
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November 01, 2019, 08:08:16 AM |
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Suppose you earned 60 BTC 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? Will possible up shit coin with your money raise 60 btc? I think looking with shit coin like ADA and TRON then you make update news after you invest with both coin, I think many investor will buy with ADA and TRON then you can sell your investing there, always have possible to get profit if have much money to make price of shit coin become higher and lower with your 60 btc in your hands. |
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Dabs
Legendary
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Activity: 3416
Merit: 1912
The Concierge of Crypto
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November 01, 2019, 03:35:34 PM |
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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.
Alts have no guarantee, and almost always change in price relative to BTC very dramatically. Your BTC will always be BTC, but any BTC you change to DASH now, will be different in the future. You could get a high return in terms of DASH, but when the time comes to convert it back to BTC the value may be much less than what you put in. |
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DeathAngel
Legendary
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Activity: 3094
Merit: 1596
#1 VIP Crypto Casino
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November 01, 2019, 03:37:50 PM |
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It depends how ambitious you are & what you want. If you simply want a house mortgage free then you can achieve that & probably a holiday home too. If you HODL for only another couple of years then with 60 BTC you will probably be set for life with ultimate financial freedom.
I am HODLING until 2021 at least.
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Gotumoot
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November 01, 2019, 04:15:53 PM |
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As others say 60 BTC is already invesment and now you have to convert it to cash. Maybe I should use some of my money to buy a home so I can see what I have been struggling with for five years. And next is to spend time with my family for the five years I have endured. And many other things I thought,
And the rest I would just hold this to my safe wallet to wait for the increase in price for every Btc I hold.
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Sithara007
Legendary
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Activity: 3178
Merit: 1344
Leading Crypto Sports Betting & Casino Platform
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November 01, 2019, 04:34:26 PM |
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This is the mistake that a lot of people make. Bitcoin itself is an investment asset. So what is the point in making an invest using it? Are you going to sell your Bitcoins and purchase some other asset (such as gold or stocks) using the proceedings? Two things needs to be remembered here. First of all when you will your BTC, capital gains tax needs to be paid on any profit resulting from it. And secondly, there is no guarantee that assets such as gold or stocks will be giving you a better profit when compared to BTC.
I would say this: just hold on to your coins for the next 5 years, and you'll be getting very good profit.
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d3nz
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November 01, 2019, 04:47:06 PM |
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If i have 60 bitcoin then i will keep the 55 and for the rest i will buy an altcoin which is XRP, ETH, NEM and XLM which i think has more potential to increase their value by next year and buying in cheap will double or triple my profit.
And the reason why i will keep my 55 bitcoin is because the value is most likely to increase every so if will keep it on my cold wallet and wait for the market to go uptrend and sell if the value hits more than the all time-high and its a win-win situation and having a patience will reward you big in the future.
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jets567
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November 01, 2019, 04:54:32 PM |
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I will convert half of 60BTC to fiat, with this amount of money I will be able to support my lifestyle for several years since I'm not from a first-world country and I can even start a real-life business which is trend these days or invest some on stock markets then hold the remaining 30BTC for at least 5-10 years from now.
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60BTC (OP)
Newbie
Offline
Activity: 24
Merit: 0
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November 01, 2019, 08:10:31 PM |
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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.
Alts have no guarantee, and almost always change in price relative to BTC very dramatically. Your BTC will always be BTC, but any BTC you change to DASH now, will be different in the future. You could get a high return in terms of DASH, but when the time comes to convert it back to BTC the value may be much less than what you put in. Is this 100% true? That's what i am afraid of but if history is any indicator then DASH price also increases whenever BTC price explodes so earning interest in terms of DASH then converting all DASH say after 2 years will not give me more bitcoins? |
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Drai
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November 01, 2019, 10:48:52 PM |
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If I were to earn 60BTC, personally I believe that the best investment I could possibly make is to hodl BTC but instead of just holding it, I would be trading it instead, there is this unique way to do it that involves Stop-loss and a stablecoin preferably USDT because the pair usually has the biggest volume in exchanges, I would have just been day trading the BTC against usdt and be riding the flunctuations in price on a daily basis, this would ensure that when the market is rising, I would be profiting and when it's falling, i would still be profiting.
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oliv441
Newbie
Offline
Activity: 67
Merit: 0
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November 02, 2019, 12:36:39 AM |
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we will invest in emoji domains as
Emoji Domains are 1- pictures, 2-colorful, 3-on more smartphone keyboards than any other single language, 4- People love emoji! And 5- Rare, only 2000 in existence.
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BlackBaron
Sr. Member
Offline
Activity: 643
Merit: 263
#SWGT PRE-SALE IS LIVE
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November 02, 2019, 01:25:23 AM |
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I will cash out 50btc and left 10btc in my btc wallet for hodl, and I will invest on property or real estate with those 50btc because I assume it will be very safe bet rather than doing a business youre not familiar with
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Lauren Smith
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November 02, 2019, 01:36:10 AM |
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Suppose you earned 60 BTC 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 would invest to a business that would grow as my passive income then I will upgrade my business if it success. As a bitcoin user, I don't rely do the bitcoin because anytime you wouldn't get income until you lose your bitcoin. 60bitcoin is already invested really. If you can find a way to invest it further and further grow the bitcoin asset that would be great. However i feel you site right and investing in a startup company is a good idea. So long as you have done your research and know what to do and what to expect. Personally i would just hodl and not take the risk. |
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k@suy
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November 02, 2019, 02:11:50 AM |
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This is the mistake that a lot of people make. Bitcoin itself is an investment asset. So what is the point in making an invest using it? Are you going to sell your Bitcoins and purchase some other asset (such as gold or stocks) using the proceedings? Two things needs to be remembered here. First of all when you will your BTC, capital gains tax needs to be paid on any profit resulting from it. And secondly, there is no guarantee that assets such as gold or stocks will be giving you a better profit when compared to BTC.
I would say this: just hold on to your coins for the next 5 years, and you'll be getting very good profit.
It is not a mistake at all, they could invest atleast 10BTC in altcoins such as eth and other that is in the top altcoin list. It is called an investment too, in each coin they will get a profit not at once and not to fast but they will. Top coins are good investment also, when bitcoin pumps they will also pump. This is my reason for my advice. |
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Wintersoldier
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November 02, 2019, 02:40:23 AM |
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If I were to earn 60BTC, personally I believe that the best investment I could possibly make is to hodl BTC but instead of just holding it, I would be trading it instead, there is this unique way to do it that involves Stop-loss and a stablecoin preferably USDT because the pair usually has the biggest volume in exchanges, I would have just been day trading the BTC against usdt and be riding the flunctuations in price on a daily basis, this would ensure that when the market is rising, I would be profiting and when it's falling, i would still be profiting.
Do you not think 60BTC is already a milestone reached? Because for me, it is already a big win in the market, and growing it will not do me and the community any good. I just think of the concept of economy, we people use money, and what makes money healthy is when the money rotates to the society. I am not directly saying that we need to spend all of the BTC that we had, but it is quite better if we think of possible business out of it, and basically help those in needs through donating some to the charities. |
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meanwords
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November 02, 2019, 02:42:23 AM |
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I'll cash them out if possible. Depends on how old I am. If I'm still too young to retire (Like 30-40) I'd still invest them in a property or a real estate for sure money. Maybe take half of that in a bank for retirement and invest the quarter in stocks and of course Bitcoin. Then enjoy the quarter for the rest of my life. I don't really plan to work all my life and get so much money, I just want enough for my family and myself.
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Asmonist
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November 02, 2019, 07:25:13 AM |
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I would spend half maybe for a business. Its better to have other source of income. I will hold the other half to just wait for the best price. I cannot completely suspend my btc life for 60btc. Its a long journey for me. Its been part of my everyday life. Having both btc and my own business are very well-enough for me. I can divert myself to either of two whenever it needs me.
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Edraket31
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November 02, 2019, 07:44:03 AM |
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I would spend half maybe for a business. Its better to have other source of income. I will hold the other half to just wait for the best price. I cannot completely suspend my btc life for 60btc. Its a long journey for me. Its been part of my everyday life. Having both btc and my own business are very well-enough for me. I can divert myself to either of two whenever it needs me.
That's what I will do too, I would spend most of my income doing business so I can earn more income monthly too, I will maximize it by having different kinds of business as well as having different kinds of opportunity such as investing too. So for me, will not spend it in traveling or buying cars, will do it for income opportunity. |
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