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Author Topic: which will u choose to buy  (Read 1860 times)
hawaii88 (OP)
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December 14, 2020, 01:59:48 PM
 #1

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?
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December 14, 2020, 02:16:09 PM
 #2

Hahaha I keep half of my money in crypto. I have an impressive portfolio of btc and alt coins. Imagine what I could do with that much money. I'd become a whale

.
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Kong Hey Pakboy
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December 14, 2020, 02:35:25 PM
 #3

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?
From my perspective, it would be better if you would try to invest half of your million dollars of cash in bitcoin at a perfect time because I could double my profit if I invested it in the long-term. I also think it is not necessary that you should buy a sports car or a high-class car like a Ferrari because an SUV is already a perfect car for me, so I could avoid spending too much money on a car. But everyone has their own decision and different taste, so it is up to you what you will do to your money and what car you should buy.

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Sparrow96
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December 14, 2020, 03:23:04 PM
 #4

If I ever get half a million cash, I will invest mostly in cryptocurrencies. Some I will keep for daily expenditure. My vision is to invest in different pots. All not in Bitcoin. I also consider Ethereum, BNB, Elrond, etc.

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December 14, 2020, 03:48:11 PM
 #5

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?

this is just a fantasy right?
so I am free to express it.
First I will save half to survive. The rest I arrange for investment. buy a car? not, !!! because I prefer motorbikes.


but this is just a wish that might one day be achieved.
but yes you asked us to answer. even if your thread is far from being in the realm of discussion. Smiley

so, it's okay this time.

.
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December 15, 2020, 04:23:33 AM
 #6

There can be various investment strategies. Cryptocurrencies are not the only assets that can give you the best returns. Upon getting such a good amount, diversification must be done. Even stock market also provides good returns. So, crypto, stocks and real estate will be my pick.
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December 15, 2020, 04:49:40 AM
 #7

Bitcoin, Ethereum and a nice island will be my choice.  Wink
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December 15, 2020, 05:43:03 AM
 #8

I would invest in bitcoin, ethereum for 50% of all the money and use 20%-30% to invest in gold. The rest money will be in my bank or making another investment in my bank. Although the return is not too big, that will be additional income for me. I don't need Ferrari or the other expensive stuff because that can make me pay big taxes. I prefer to have a house with a large yard and stay with my family and enjoy my life with them. That will means to me because I can spend my time with them.
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December 15, 2020, 06:00:03 AM
 #9

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?
won't spend it all on supercars or invest in crypto. I will allocate a few percent for investment in crypto. and furthermore to build a large company and create jobs for many people. it will be more noble and less risky like investing in crypto
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December 15, 2020, 06:50:52 AM
 #10

If I were to choose, I will diversify my portfolio for great potential for profit. The value of high-branded and luxury cars decreases eventually. Besides, you can have a good quality for a cheaper price. Also, don’t you think that if a certain part of a car has been destroyed, the cost for it is also higher? So, I rather choose to invest than buying a car that has a similar feature to any other car. Moreover, you can buy it whenever you finally earned enough from your investment.
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December 15, 2020, 07:41:54 AM
 #11

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?
it will make a better choice investing in the top cryptocurrency is a choice and building a farm business that will make things much better than anything thinks old age is better we will never know the future whether all will be well have fun or not there will never be satisfied in doing business is an option for the future because every day everything is quite difficult which makes life harder, so investing is the best choice.


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December 15, 2020, 08:05:56 AM
 #12

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?
Millions of dollars, sounds fresh enough to spend.

Of course here the question arises again where the money came from....!

• If the money comes from my own work I will automatically save it in savings and investment into Bitcoin.
• If the money comes and I get it from gambling or something unexpected for free, I will spend it in the club and I spend it on tours to several countries, I guarantee I will not buy a car, let alone buy Bitcoin, I won't.

Depending on where the million dollar bill comes from.

R


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December 15, 2020, 08:09:25 AM
 #13

a million of dollars is really a huge amount of money. if I ever get that much money . I could do a lot. I can buy a ferrari as well as invest some in Bitcoin and ethereum. I saw that price of a ferrari can vary from $200k to $700k. which means I'll still have a lot of money to invest in cryptocurrency.
and who knows I might not buy a ferrari and do something else with that. why would I buy a ferrari anyway? a normal car would work just fine for me.. LOL

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December 15, 2020, 08:20:43 AM
 #14

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?
That's lot of money, our children are our future as they say, I'd secure a good future for my children through investment in properties, real estate, crypto, stocks etc, one can still buy ferrari out of the money, it's freaking lot mate, I will be able to go around the world as well, visiting all those countries that I only dream about in my dreams, then I will also help some people anonymously

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December 15, 2020, 09:07:03 AM
 #15

Buying it with luxury immediately and if that's the sole plan you've got, you're just wasting your purchasing power and chance to invest it through another income generating asset. But if that luxury such as Ferrari would generate you profit through rental income, why not buy it? as long as you already have a prospect that shall rent it.

But if I've got it, I'll use it to buy first with bitcoin prolly 40%-60% of it. And I'll forget that amount within a couple of years until we see bitcoin hits 6 digits. And then the remaining amount would be for real estate and other assets like stocks and bonds. 5%-10% I'll leave it as plain cash.

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December 15, 2020, 09:15:39 AM
 #16

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?

A million dollars is a lot to survive, that's definitely more than I need. With so much money I would buy something nice for me and my family and put the rest into bitcoins.
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December 15, 2020, 09:59:28 AM
 #17

Well, i am gonna live a luxurious life for sure together with my families and with that amount of money i will buy the things i dreamt of like car, house and gadgets. I also put some businesses and buy bitcoin of course for long-term purposes as always not just bitcoin but also promising altcoins in the market.   

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December 15, 2020, 10:04:41 AM
 #18

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?

What will you do with a ferrari? drive it on city enjoy while its new and when its outdated the value will depreciate? I think not since this is not advisable and wise decision to do there so many things we need to consider and that is our daily survival, Maybe I will spend the half on bitcoin and the other is for offline business venture to assure that my money will not get lost and continuously grow even if the other is at high risk investment.

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December 15, 2020, 12:02:50 PM
 #19

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?
I love ferrari luxury cars, but I really don’t want to spend so much money to buy such luxury cars. it’s too consumptive for me. If I had millions of dollars,
maybe I would invest in bitcoin and ethereum. because if so, I believe my money will continue to grow as the price of the coins I invest increases.
But that’s only half of it. The rest I want to open an offline business and buy several assets such as land, houses, also cars.

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December 15, 2020, 12:15:46 PM
 #20

Million dollars of cash? It will never be enough to satisfy us because we will want to have more and more. But if I can have that money, I will make sure my family to have their daily needs. Those are the important things that I need to do. Then I will use some money to buy secondary things for my family, and the rest I will use to invest in crypto and real life.

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December 15, 2020, 12:23:58 PM
 #21

With $1M it's good to diversify among top20 cryptos, some real estate, risk-free bonds (with positive yield), basket of currencies, gold, several VC investments, and of course equities (growth/value/dividends). And of course hedge whatever risks possible (not 100% though, as that would mean 0% return) with derivatives or counter trades. Then can double that $1M fairly quickly and safely.

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December 15, 2020, 01:18:35 PM
 #22

One million dollars is a very huge amount of money, cash?
The last thing I'm going to buy ferrari. I might get a decent car to be using for the main time. But I'm going to invest massively in Bitcoin and other top Altcoins that are doing good right now. Have been an entrepreneur for a very long time now, and I have a lot of business plans which the money can be channel into. First, information technology, it's a very good industry that can bring a great ROI within a shortest time. Secondly, I will invest in the fashion industry, have been working on starting my clothing company for a very long time now. That kind of money will go a long way. Lastly, to mention few, I will also invest in educational system.

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December 15, 2020, 03:09:00 PM
 #23

I may invest in different way from what people are saying. Bitcoin is good to investing but I will look for other real life investment. Buying into stocks too can be nice. I have to buy cheap stocks that can have better margin in the future. At least quarter of it can go in stocks.
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December 15, 2020, 03:18:29 PM
 #24

If those were the only choices then I would pick buying Bitcoin instead of the Ferrari.
I am not a fan of high-end cars and I don't think that is wise spending.
You just got a million dollars or more and you are already thinking about luxury.
Family first.
Invest in their future so they won't blame you as you get old and cannot work your ass anymore.
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December 15, 2020, 04:06:27 PM
 #25

I'm not really into luxury items like Ferrari cars, but I'm more interested in multiplying wealth.  If I had that kind of money, I would multiply it with bitcoins, because if I chose bitcoin instead of just ferrri I might be able to buy more luxury goods in this world.  These two choices are not balanced because they are not apple to apple.  You compare between consume or invest.
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December 15, 2020, 04:16:27 PM
 #26

I'd probably invest that huge amount to real estate or investments which are less risky compared to cryptos.
The profit from investing to this technology is indeed tempting if you have witnessed how its market value developed over the past. But in line with that, you should now be aware of how huge are the losses already for those who made wrong decisions when it comes to their investment concerning how they analyse the market. I'd more engage to assured profit than to something big but is too risky. There's no certainty when it comes to the direction of the market price of cryptos unlike to some other investments wherein an investor could get a hint to where will it be more profitable. But I would still consider investing to cryptos but not as much as majority of that huge amount in order to diversify my investments and to generate bigger profit in the future.



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December 15, 2020, 04:28:16 PM
 #27

How I wish to have that amount of money, that's a huge amount here in my country and probably I will live luxurious together with my family if I ever had that amount.  That's a huge amount, you can manage to buy a Ferrari car and invest Bitcoin or any stock that you might invest, let's just say, 40% for the car and 60% is just for investment, you can completely split that amount if you really wanted to have a car, but not a luxurious one(I think $70M) for the most expensive Ferrari car and you can buy worth of $350,000 2020 Ferrari 488 Pista Spider is probably worth enough.

Secure first your future wealth, it seems to be good if you have many investments or even have your own business to have a better future.  If you believe Bitcoin is a safe have, you can choose this too.

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December 15, 2020, 04:31:23 PM
 #28

Well unlike many of the answers I'm seeing here, I would actually be smart with my money.  I would invest in a wide rang of financial products, and of course I would invest some of it in bitcoin/cryptocurrencies..but not half or all of it like some others have suggested they'd do.  A million dollars isn't a small chunk of change but it's also not a ton of money either. 

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December 15, 2020, 05:25:44 PM
 #29

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?
If i had that money i will never ever be fond of expensive thing i should think about survival since cash are will be easily gone when you don't use it right nowadays , half of my money i will put it into bitcoin and start trading to keep the money grow and half of money i will be build a business that are popular this days and those profit i made i will make a house and wait for everything to be smooth which is stable earnings for month that keep my self good at financial problem and then i will think to invest it into expensive items of course to see the worth of your hard working.
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December 15, 2020, 05:35:35 PM
 #30

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?

If I have that amount, I will first buy a house and lot in the province and buy also a farm lot and start planting agricultural product which I will be able to supply in the market specially different kinds of fruits and vegetable. But of course, I still invest in cryptocurrency. I will just divide that amount and make sure my family can live a simple but happy life despite the huge amount.

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December 15, 2020, 06:07:56 PM
 #31

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?
Spend it all for ferrari high class? that would be nice but I don't know how to drive lol, I cannot survive if I buy luxury cars all of my money. . If I have millions of dollars, It's better that I spend my money in cryptocurrency, like buying some altcoins and hold for long term, trading bitcoins and of course build a house for my family.

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December 15, 2020, 07:44:05 PM
 #32

Spending more or less money for worldly reasons is nothing but foolishness. Today's cars and houses will get old in a few days. New model cars and houses will be built in the future. The money invested will provide future security. It will be possible to do something better in the future with the money invested. I think the money saved should be invested
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December 15, 2020, 08:30:44 PM
 #33

It depends on the situation but what is clear, investing in bitcoin is something that will definitely be done. Besides, investing in real estate doesn't hurt either and for me, buying a high-class car is not something that is important because I am not that interested in electrical goods and vehicles or whatever. Because when there is a new type of electronic goods or vehicles that will be released next, at least the price is very likely to fall on older items, so I think it is very risky.

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December 15, 2020, 10:54:37 PM
 #34

Better. I'd create a diversified investment portfolio. Because you can't just dump it all into one asset. Bitcoin may pose great profitability but if you're not acquainted to the environment that bitcoin is in, you would commit mistakes that are others would otherwise would just ne wlkitno
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December 16, 2020, 05:10:20 AM
 #35

Depending on one thing is not ideal and this is what not even billionaires do. they do invest in various things and make it as much spread as possible. Bitcoin will be one of the many options for sure and will be investing in it. Car may not necessarily be Ferrari if do not left with much money after investing so will buy some other luxury car which is less expensive.

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December 16, 2020, 06:40:16 AM
 #36

Depending on one thing is not ideal and this is what not even billionaires do. they do invest in various things and make it as much spread as possible. Bitcoin will be one of the many options for sure and will be investing in it. Car may not necessarily be Ferrari if do not left with much money after investing so will buy some other luxury car which is less expensive.
If they have a lot of money, they will buy something that can give them prestige because they want to see that the other people will see look at them differently than before. Those people want to show other people that they now have a lot of money to make them look rich.

But that will not happen to people who always care about their life. They will prepare their life with that money so that they can have a better life. They will only use some money for their lives and not waste time on unnecessary things.

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December 16, 2020, 08:31:51 AM
 #37

If I have million dollars, then I will invest more than 50% in top crypto-currencies. Then I will invest in other business and also invest few money in technology world which is good for business. In my property, I will build a complex building through the money.

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December 16, 2020, 10:21:03 AM
 #38

I will totally invested to bitcoin if I have million dollar of cash because bitcoin can grow more the price and if we earn in investing well we can buy a ferrari or any high class car that we want.

And also it depends on us of what we gonna do if we have that so much money, Maybe we should divide into two invested the half and the other half it should be buy some things that we need in our life.
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December 16, 2020, 01:05:53 PM
 #39

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?
Why would I want to buy a car with my money? I mean if I have a decent level car, thats more than enough for me, and if my only two options are millions of dollars worth of ferrari or buying bitcoin that would be an easy choice for me, I would pick bitcoin without a doubt, in a single second.

Think about it this way, bitcoin would yield me more profit later on, if I can use that bitcoin I could simply just make sure that I get richer and richer constantly, maybe even go for staking or masternodes or other stuff in other coins as well if I want to. That would be great deal of profit for me instead of just having one car, which will worth less and less in the future. Hence I would say it is an obvious choice, anyone who picks the car is picking wrong if you ask me.
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December 16, 2020, 01:50:52 PM
 #40

I will totally invested to bitcoin if I have million dollar of cash because bitcoin can grow more the price and if we earn in investing well we can buy a ferrari or any high class car that we want.

And also it depends on us of what we gonna do if we have that so much money, Maybe we should divide into two invested the half and the other half it should be buy some things that we need in our life.

That is a really good idea, investing in bitcoin and wait for your money to grow. But it is too risky to do that as of now since the value of bitcoin is at its highest peak, after a few years we are experiencing a pump again. With that plans, you can actually do that by investing, it's your choice when to do that and how, for now maybe you must do some research about nature and to understand how the bitcoin works, also study how to make a solid portfolio so you have a guide to follow when the market price changes. 
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December 16, 2020, 04:05:24 PM
 #41

I will choose to buy bitcoin because it will bring me more profit at the end of the investment which will also make me to have more dollars in my account. Bitcoin is still looking good in the market to those who still have their coins to sell in the exchange market.
Bitcoin investment is a fix Investment which someone can use to make more money from the business.

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December 16, 2020, 04:23:39 PM
 #42

I know that there are some here who posted "Invest in Bitcoin" but deep inside they want that Ferrari sports car and there are some who posted the opposite.

You posted it in a Bitcoin Forum so what do you expect for the users to say about this Cheesy. We can all lie too saying that we want to invest the Million dollars in Bitcoin but in reality we already bought a car on it or a house. We can do the other way around. Either way, you will not hear anybody saying that they will just buy a car than investing into Bitcoins.

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December 16, 2020, 05:10:36 PM
 #43

If I have million dollars, then I will invest more than 50% in top crypto-currencies. Then I will invest in other business and also invest few money in technology world which is good for business. In my property, I will build a complex building through the money.
i have pretty much plan about this, i will share my portfolio into cryptocurrency like 25% because i think 25% or even lower but if you are consistent about what are you doing then it is pretty much better than just investing once but let it go like that. i would prefer like that at least you have consistent investment

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December 16, 2020, 05:23:19 PM
 #44

I know that there are some here who posted "Invest in Bitcoin" but deep inside they want that Ferrari sports car and there are some who posted the opposite.

You posted it in a Bitcoin Forum so what do you expect for the users to say about this Cheesy. We can all lie too saying that we want to invest the Million dollars in Bitcoin but in reality we already bought a car on it or a house. We can do the other way around. Either way, you will not hear anybody saying that they will just buy a car than investing into Bitcoins.

Nah, for me, I didn't even think of the Ferrari sports car when I see the statement, First comes into my mind is to separately invest portions of the money into crypto and fiat. Some is for my very own business, I've really been thinking of making my own business as I have notes for business ideas within me. And the rest is for personal use, necessities, and leisure.

I think I am a very reasonable person in this case, but trust me, this is all I've thought when I seen it. Not just to impress the audience in this forum  Cheesy

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December 16, 2020, 11:15:45 PM
 #45

Of course I want to buy a luxury car, but not as fancy as a Ferrari if I have millions of dollars.
I want to buy a regular car that is not too expensive and I will invest the rest to invest in bitcoin.
I don't want to buy assets other than bitcoin. Because bitcoin will double my money.

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December 17, 2020, 01:59:05 AM
 #46

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?

I won't be thinking twice here for I will choose the latter. I still want to invest to bitcoin or if not bitcoin for other business opportunities I can go because I don't have any hobby with regards to cars and even if I had I still prefer saving and make more profiteering chances.



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December 17, 2020, 06:17:39 AM
 #47

I don't know, if I have a lot of money will still be interested investing in Bitcoin, if interested I might only invest it a few, the rest would prefer other investments like buy several houses if have enough funds, one unit to be used, the rest is rented out as passive income.

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December 17, 2020, 06:27:42 AM
 #48

As for me, I will definitely invest the 30% of that huge amount of money to Bitcoin. Investing to Bitcoin is a great choice, but it is also much wiser to invest on lands and houses or maybe an apartments. Its really not hard to earn and find such huge amount, so it is better to spend it wisely if we are given a chance.
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December 17, 2020, 08:03:47 AM
 #49

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?

Some of it will be invested in crypto, but not bitcoin because the price of bitcoin is already too high, so I will buy some TRX, because TRX functions as gas, the main thing I will buy is JST which is a TRC20 token from the TRON platform.
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December 17, 2020, 11:29:42 AM
 #50

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?
I would manage it properly first I would buy a house then open up a business then I would invest the rest in cryptocurrency.
Of course we need to secure our life first before risking everything just to make sure that we wouldn't end up having nothing left.

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December 17, 2020, 11:54:16 AM
 #51

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?

I would buy a cheaper car(I don't like Ferrari) and still invest the rest of the money in Bitcoin.
Why are you asking this question?Are you facing the same dilemma? Grin
What do you mean by "for survive"?
Having millions of dollars means that you won't have to struggle to survive for the rest of your entire life.


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December 17, 2020, 01:24:03 PM
 #52

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?

Obviously, we will be choosing to invest our money in either crypto currencies or other assets. We could buy those Ferrari high-class cars or other luxurious and lavish cars in the future, even multiple cars if needed. The investment would secure your future, your life, and your family, cars can't do that, it might even bring you to your own death.

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December 17, 2020, 01:45:22 PM
 #53

As of right now, when BTC is above $23k, it's not the best time to invest in it, imo. However optimistic we are, few of us here believe that Bitcoin will never go below $20k again. So, if I had a million USD, I'd wait until BTC drops to $17k, and then I'd definitely buy it with half of the money. And I wouldn't buy a Ferrari with the second half, I'd rather be living from it until my $0.5 million invested in Bitcoin turns into $1 million. Smiley

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December 20, 2020, 07:22:54 PM
 #54

I will definitely love to invest in Cryptocurrency I can't just spend all my money on luxury I will definitely like to invest in bitcoin!!!

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December 20, 2020, 09:41:58 PM
 #55

It's sad how you all think of Bitcoin in terms of fiat money. I don't live in the USA so I won't ever have cash.

If I had a million dollars now I wouldn't even be able to spend it because I'd have to go to a bank first and exchange it and they'd probably call the police on me if they saw me walking with a bag of foreign cash like that. Grin

Regardless, if I ever have a lot of money because Bitcoin reaches 100 thousand dollars or something, I won't spend it on cars that's for sure. Why would I even  want a Ferrari? It's expensive to fix if anything breaks, it's small and uncomfortable for long drives, just a thing screaming that I'm rich to random people that I drive by.
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December 20, 2020, 10:57:22 PM
 #56

just a thing screaming that I'm rich to random people that I drive by.

For us, when we have a lot of money, maybe all we think about is investing, but for most of the rich people when they have that amount of money, they think of buying their social class by using luxury goods like ferarri.  Maybe most of us think as investors because we are still in the growth stage, not at the top level, so the most likely answer will be to buy Btc on the grounds of long-term profits.
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December 20, 2020, 11:10:16 PM
 #57

If ever I will be having lots of money, most of it will surely gets into investments, businesses and other things that can enable me to earn money and broaden my earning opportunities because at times like this that we are facing lots of situational crisis, needs are more important to be catered rather than leisures. You can spend some for your wants but still it is important to always care for the sake of your future so you must establish things that can make you earn money rather than those things that will just keep you on spending money. You must be responsible on thinking about how to manage your money so it is much better for me to put it into investment and businesses and just some for leisure activities to pamper myself.

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December 20, 2020, 11:43:43 PM
 #58

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?

Not all would be put up in bitcoin if I do have a million dollars of cash.It would be diversified on different investment.

-Gold
-Crypto
-Stocks
-Physical type of business
-Savings -Time deposit

I wont really be risking out on a single place.Just want to play safe.

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December 21, 2020, 03:07:25 AM
 #59

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?
I'd diversify my portfolio. Perhaps, half of it or less I'd invest in crypto.
Other half in low risk investment tools suhc as fonds, foreign assets, perhaps stocks to some extent.
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December 21, 2020, 03:27:25 AM
 #60

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?

Not all would be put up in bitcoin if I do have a million dollars of cash.It would be diversified on different investment.

-Gold
-Crypto
-Stocks
-Physical type of business
-Savings -Time deposit

I wont really be risking out on a single place.Just want to play safe.

Same for me. As they say, don't put all your eggs in one basket. If crypto or bitcoin crashes, then you would feel depressed because you didn't diversify all of that money. Imagine if you're one of those people who invested on 2017's ATH. They just recently recovered their loss after 3 years of hodling if they didn't sold it yet.
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December 21, 2020, 03:52:21 AM
 #61

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?

Not all would be put up in bitcoin if I do have a million dollars of cash.It would be diversified on different investment.

-Gold
-Crypto
-Stocks
-Physical type of business
-Savings -Time deposit

I wont really be risking out on a single place.Just want to play safe.

Same for me. As they say, don't put all your eggs in one basket. If crypto or bitcoin crashes, then you would feel depressed because you didn't diversify all of that money. Imagine if you're one of those people who invested on 2017's ATH. They just recently recovered their loss after 3 years of hodling if they didn't sold it yet.
Its true if you put all your money into crypto currency and then price suddenly drops your millions will become hundreds it's really annoying when that happens and yes if you invested in that era when bitcoin price is not that quite high then you become millionaire if you have the good mindset to hold that long, Not all are interested in gold and not all are qualify to invest in gold stocks market are good also with small business that are popular with people to reach your monthly income and to support with your daily basic with financial bills with in a month.
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December 21, 2020, 07:59:20 AM
 #62

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?
If I happen to be in possession of such amount of money I would definitely invest about 50% of it into bitcoin cause it's a limited asset, once there are no longer new bitcoins to mine, the price of bitcoin will definitely skyrocket in the future, it might even double or triple my investment, then I would use 25% of that money to invest in new potential projects, then the remaining 25% will remain in a crypto but in a stablecoins like USDT, DAI and USDC.

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December 21, 2020, 08:57:10 AM
 #63

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?
Millions of dollars is enough for my life time in this world, you can do everything you want, a Ferrari costs less than a million dollars and you mentioned millions of dollars lol, I can invest in every God damn investment plans in the world today, real estate, bitcoin, acres of lands etc and of cos I will help those in need and also have a good plan for my family
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December 21, 2020, 10:11:54 AM
 #64

Millions of dollars is enough for my life time in this world, you can do everything you want, a Ferrari costs less than a million dollars and you mentioned millions of dollars lol, I can invest in every God damn investment plans in the world today, real estate, bitcoin, acres of lands etc and of cos I will help those in need and also have a good plan for my family
Yes, millions of dollars is a very large amount and it will be very rich if someone has it, because with millions of dollars in our hands, we can plan anything according to our own wishes, because it is not a small amount in my opinion.
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December 21, 2020, 11:33:56 AM
 #65

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?

One more thing to consider(if you are still reading this thread).

If you have big money in your possession(forget about millions, it can be thousands, let's be more realistic), the best thing you can do is investing in your education. With good education you can make good money on a regular basis, but what is equally or even more important is that you can fully enjoy your life only if you are cultured.

In short, education should be you primary target, not the money.

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December 21, 2020, 11:45:52 AM
 #66

Yo, that $1m is a lot. maybe I'll buy a company that's already running. maybe it is not a big business, but it is certain that it has made a profit and also has a strong sustainability. after the ROI is successfully obtained, then start reinvesting into other assets. at least that was my plan

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December 21, 2020, 12:48:20 PM
 #67

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?

It is much better if you invest so that you can have a source of profits in the future.

Buying a high class ferrari car is really not a good idea if you are not stable in life, this things is included to our necessities and it should not be the priority.

You should know your priorities so that you are focused on what you are doing in life. If you are distracted by other things then probably success will not chase you. There's a lot of opportunity in investing on cryptocurrencies especially in bitcoin. Never waste an opportunity to engage to it no matter what, but if you are not willing, then it is your choice.

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December 21, 2020, 02:56:15 PM
 #68

I'd diversify my portfolio. Perhaps, half of it or less I'd invest in crypto.
Other half in low risk investment tools suhc as fonds, foreign assets, perhaps stocks to some extent.
It is great if you have a unique strategy in this case, because without a good strategy, someone will not easily get profit in any case, hopefully your portfolio structure can be very good and not misguided.
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December 21, 2020, 08:13:12 PM
 #69

I will always choose to invest on cryptocurrency rather than buying my necessities if I'm not that successful yet.

Why will you buy something that will not help you grow more, something that will not make you have a stable source of income.

It is much better to have a multiple source of income so that your growth will be fast and stop buying things for fun.

Self-discipline is important in handling your money and assets, cryptocurrency is really profitable and it is really a good asset to help you grow more. Once you are already a successful investor and you have different sources of income, that's when you should buy your necessities in life.

You will not worry on those expenses no more.
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December 21, 2020, 09:48:50 PM
 #70

Frankly, if I had that much money, I would keep half of it on cryptocurrency and half as cash for myself. As an investment, I would focus on BTC and ETH. Because BTC is always the king in the crypto money market. ETH comes after it. No doubt these two always make a lot of money for large sums. Even small rises within millions of dollars can add wealth to my wealth.
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December 21, 2020, 09:57:29 PM
 #71

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?

~

Same for me. As they say, don't put all your eggs in one basket. If crypto or bitcoin crashes, then you would feel depressed because you didn't diversify all of that money. Imagine if you're one of those people who invested on 2017's ATH. They just recently recovered their loss after 3 years of hodling if they didn't sold it yet.
Its true if you put all your money into crypto currency and then price suddenly drops your millions will become hundreds it's really annoying when that happens and yes if you invested in that era when bitcoin price is not that quite high then you become millionaire if you have the good mindset to hold that long, Not all are interested in gold and not all are qualify to invest in gold stocks market are good also with small business that are popular with people to reach your monthly income and to support with your daily basic with financial bills with in a month.

You wont really be able to handle it out if you do see your millions becomes only hundreds of thousand due to market fluctuation.How much more if it do really have some serious correction?

You would really be ending up on panic selling and as i had mentioned into those various allocations then you can somewhat assure that you wont really be on the failing side since
you do have the chance to recover even if other investment had failed to do so.

Always be wise and secure on having multiple investment neither focusing on just one.

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December 21, 2020, 11:21:25 PM
 #72

people spend their time looking for money so they cannot enjoy the time of their life. uses his health to earn money, and when sick he uses money to get health. it sounds funny, but it's the truth. if I already have millions of dollars, I don't need to make money anymore.
just live and enjoy. if in a month we spend 1k $ then Are we going to live for 1K months with the rest of our life today?
so enjoy life and simple life.

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December 21, 2020, 11:34:34 PM
 #73

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?

Obviously i will not choose the first option, i dont wanna spend my money for expensive things. Second option is good option to choose and generate more money. But, i will not put all of those money on bitcoin. Diversification investment is best investment planning to reduce the risk of valuation every single investment. Then, Beta risk analysis should be done when try to make a diversification investment.

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December 22, 2020, 07:06:40 AM
 #74

Invest it in something that will provide you income even in the long term. I would invest it in crypto by making a good entry and holding it for a few years. It is also wise to invest in the real state or have a business that will give you continuous income. Spending your money wisely is a must if you have a huge amount of money, without proper money management million of dollars can be gone in just a short span of time.
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December 22, 2020, 07:50:50 AM
 #75

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?
investment in bitcoin is only a few percent. for me there are still many other business choices that are bigger than bitcoin that are also lower risk. if investing all in Bitcoin it looks like a high risk

Do not put all eggs under one basket in same way we need to allocate our investment in different business, coins etc in order to keep making money every month even if one of the sectors is down where you had invested. This way helps to keep generating some income from different sources and helps you to diversify the portfolio.

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December 22, 2020, 01:14:26 PM
 #76

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?

Is it necessary to spend all of your money in one specific niche? Most of the billionaires spend a part of their wealth on luxury items such as sports vehicles, while they keep the remainder as various investment assets such as treasury bonds, bank deposits, real estate, equities and bullion. Most of us would do the same, in case we become millionaires as a result of Bitcoin.  Grin
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December 22, 2020, 01:54:15 PM
 #77

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?
I will invest on crypto for sure .I will buy bitcoin of my 25% amount of the total wealth .I think altc can give a good return as well so that have a plan to put a amount for it as well .However we can dream a lot but it will not happen .But as much i have i always invest on crypto for long term .

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December 22, 2020, 02:46:29 PM
 #78

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?
Is this really a question? Luxury against investment ?

First i will only purchase Ferrari once my Money is above to buy even 5 top of the line Sportscar, but with million dollars? I will take second Hand ferrari for a while ,and the majority of Money will be for investing in crypto .

for sure after couple of years just laying all my coins inside my safeties ?i may buy 2 or more expensive cars .









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December 22, 2020, 07:17:02 PM
 #79

I personally lost all my earning out of cryptocurrency. This happened just because of hodling without any target. I had good number of altcoins and little bitcoin during the previous bull market. I didn't spend it on cars or any other luxury living. I kept hold and missed the opportunity to profit big. Later I sold when the market was bearish. From that point I prefer to invest on real estate over the cars apart from cryptocurrencies.

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December 22, 2020, 08:58:11 PM
 #80

I think if to survive you need to save some cash, I mean you need time to benefit from the value of your investment. whereas buying ferrari is a bad choice if you have no other income. So invest and set aside a little money or you have a source of money for your living needs while your money is invested. Smiley
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December 22, 2020, 09:14:38 PM
 #81

with a million dollar, i would quit my job, buy a house and go fishing.
That is it.

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December 23, 2020, 02:52:14 AM
 #82

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?
I'll divide all of the money, the first thing that I'll choose is buying land and build a dream home so I can live comfortably. After that, I'll buy a car which is still worth riding, not a Ferrari or another expansive car because it is worthless to me, I prefer to have reliability comparing to an asset. The rest of the money I'll spend to invest in some stock in a half and another half I'll choose bitcoin. Yeah, I don't want to choose bitcoin to store all my money since it a high-risk investment place. I'll spend to choose it just use the money that I can afford to lose, also I'm not an investor but I am just a day trader who can only invest my money in the short term.
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December 23, 2020, 03:42:13 AM
 #83

You has a few million dollars you have to spend all the money on different tasks the risk will be less and their value will increase over time bitcoin currency to choose to invest in the crypto market has a high demand. Investors are profitable by investing in both short and long term Using the rest of the money for your own needs in daily life can reduce the risk from both sides.

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December 23, 2020, 04:41:54 AM
 #84

with a million dollar, i would quit my job, buy a house and go fishing.
That is it.
I am confused, I don't know whether I'll be happy for your decision or slap my forehead Grin.

I'm glad in a sense that you only want a simple living despite of having such huge amount of money. But on the the other hand, I am thinking that you will only be able to survive for 1 to 2 years if you will really stop working and just rely on your cold cash. Sorry if I disagree but for me you are becoming too complacent. May I ask you, if that million finally gone what now? See?

There should be balance, if you know how to spend money then of course you know how to create a source of it so that your finance will circulate and live prosperous in a longer period of time. Fix your decisions dude.
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December 23, 2020, 05:28:22 AM
 #85

We're in the survival of the fittest right now, so being practical will keep you alive and kicking, therefore investment is good than buying your wants that will depreciate soon once a new model is released. On the other side, Bitcoin will continue to increase its price, maybe fluctuations may occur but its normal, but I am sure that's your money, for example is $100,000 for a lambo will be a $300,000 or more when you invest it in cryptocurrency if you know what you're dealing with.
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December 24, 2020, 08:59:23 PM
 #86

I don't want to lose money by investing in a temporary project like a car. I will definitely look for a means of sustainable investment. Bitcoin is my main area of investment. It will help me survive and pave the way for income. From Bitcoin I can easily make a lot of profit in long term investment. Also Bitcoin seems to me a much safer investment.
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December 24, 2020, 09:25:05 PM
 #87

If you have a million in cash and a patient mindset for investing, it's very possible you never have to work another day in your life time. I'd definitely go for investing in some rock solid company shares that pay a starting yield of 3-4%. Spread your investing out over a few years because the market is ridiculously high right now considering the effect that Covid should be reaping on the US stock market. It won't get you a huge income, but could give you a very comfy life outside of the bigger cities (e.g. away from New York or San Francisco) with a steady growing return. Of course it'd be wise to keep some Bitcoin in your portfolio for the capital appreciation.

R


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December 25, 2020, 05:34:39 AM
 #88

That's a lot of money and I never had that much money but I never dreamed that in the future I would have it and if I already had 70% I would invest in bitcoin and some altcoins and the rest I would save as savings and would use it for open a business in the real world

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December 25, 2020, 07:46:06 AM
 #89

That's a lot of money and I never had that much money but I never dreamed that in the future I would have it and if I already had 70% I would invest in bitcoin and some altcoins and the rest I would save as savings and would use it for open a business in the real world
You will have a lot of money if you can try to work hard from now on, and I think you still have much time to prepare what you can to have a good future. If you can have many bitcoin and altcoins, you will have the opportunity to make a big profit in the future. It is good if you already have a plan for your future, and if you can still work to make it happen, I am sure you will get something good in the future. So do not stop for hard work while we can.

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December 25, 2020, 07:58:31 AM
 #90

Focusing on your edge or in your niche is really important, a lot of people are making mistakes because they thought that they can become successful in specific industry without knowing that niche and edge are also important. If you are good in retailing then focus on it and forget other things, If you are good in trading then focus on trading cryptocurrencies and stock market and so on and so on. It is really depending on what skills that you have, billionaires are successful because they focus on their empire wherein, they focus on the industry that they are entering.

If you have a lot money and you do not know when you will put it, then I think it is better if you will first make investment in your knowledge first because there is a high possibility that you will lose all of your money if you first make investment in something that you fully understand.
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December 25, 2020, 03:07:16 PM
 #91

If have having that huge kind of money with me, I will definitely flex with part of the money, but I will still have to invest the rest on bitcoin for survival. I will definitely buy bitcoin or other altcoins when the price is low and I will keep it for the price to increase before I sell it atleast I will make profits by doing that.

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December 25, 2020, 03:25:27 PM
 #92

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?
Lol anyone that spend such amount of money for a car don't really have future provided that is starting life, but if you have already investment before arrive of the money the can equally purchase car with the money, but a situations were by no existing investment I think the best option is to get investment that will bring return annually but most especially bitcoin investment.

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December 25, 2020, 03:39:40 PM
 #93

If I have a million dollar dream, car is nice but an investment would be nicer. Shiny things like cars and jewelry don’t appreciate but crypto investments could grow naturally over the time, that million dollar investment could change your life in the near future and could buy you not just a Ferrari but could also help you have a good future.
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December 25, 2020, 06:27:51 PM
 #94

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?
If I buy a Ferarri then I have to pay annual taxes on the car and experience a price depreciation (decrease in asset value) of the car if I want to sell it.  but if I buy Bitcoin then every year I will have an increase in the value of my Bitcoin investment and will not be obliged to pay tax year.  from the illustrations above then you understand which one I should buy --- Bitcoin.. 

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December 25, 2020, 10:26:34 PM
 #95

with a million dollar, i would quit my job, buy a house and go fishing.
That is it.

And then one day you'd run out of money and they'd tax you for the house. You'd want to renovate the house, get gifts for your family on some occasion like birthday or wedding and you'd be out of money.

A smart thing to do would be to divide the investment. Buy an apartment and rent it out, buy a cheap car to be able to be mobile, invest the rest in stocks and bitcoin.
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December 25, 2020, 10:40:07 PM
 #96

Since I come from a poor country, I will be wiser in spending the money I have. Especially if you have millions of dollars of cash,
I will buy a variety of assets. Such as Bitcoin, Gold and Real estate. I didn't think about buying a Ferrari which only adds to the problem
later on, because as we all know it is not only expensive for Ferrari prices, but taxes and maintenance costs are also expensive.

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December 26, 2020, 07:43:18 AM
 #97

If someone wants to buy a Ferrari with his coins, then he probably needs a Ferrari more than anything else. If someone needs to survive with his limited money, he is not going to buy a Ferrari and will try his best to manage his money in such a way so that he can live with it up to an extended time.
If he needs to survive, I doubt he is going to invest in crypto currencies. Investing n crypto currencies have a huge risks. He would rather use it for investing it somewhere more safe than crypto.

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December 26, 2020, 08:05:53 AM
 #98

If I have a million dollar dream, car is nice but an investment would be nicer. Shiny things like cars and jewelry don’t appreciate but crypto investments could grow naturally over the time, that million dollar investment could change your life in the near future and could buy you not just a Ferrari but could also help you have a good future.
I think you can pretty much settle them down by dividing your million dollars in half. you can buy a Ferrari for some $300k to $600k and rest of the money would be good enough to invest in Bitcoin. and they'll eventually worth millions of dollars one day when bitcoin itself reach to a million per bitcoin.
so If I ever get that many money. I would invest half of them in Crypto currency and with other half I'll make my life little bit more easier.

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December 26, 2020, 08:25:24 AM
 #99

If someone wants to buy a Ferrari with his coins, then he probably needs a Ferrari more than anything else. If someone needs to survive with his limited money, he is not going to buy a Ferrari and will try his best to manage his money in such a way so that he can live with it up to an extended time.
If he needs to survive, I doubt he is going to invest in crypto currencies. Investing n crypto currencies have a huge risks. He would rather use it for investing it somewhere more safe than crypto.

But do you really ever need a Ferrari? There much cheaper cars, and if we can save some money instead of spending it on leisure items we could focus on investing. It is much easier in the crypto world to make money when you already have decent bankroll. In my opinion a Ferrari is not something you really, more an item for fun you should make sure you can afford before buying it. Also insurance and gas going to be much more expensive than for a normal car.
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December 26, 2020, 03:02:19 PM
 #100

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?
No, I am not gonna spend it on some stuff, it would be better if I will put it in Bitcoin as an investment because with the gains I could get profit from it I could be able to buy 2 of them. It is better to place your money that will benefit your future, not on the stuff that will provide you temporary pleasure. Otherwise, if you don't want to invest in Bitcoin, you could use the money to establish your own business by that way you could also gain and double the money you've used. You gotta think wise when spending your money.



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December 26, 2020, 05:11:41 PM
 #101

Million dollars in cash is also a hard place to be because cash is harder to explain. Where did I get that much cash? I mean is it all tax paid and I have it in my bank account? Because, if that is the case and it is a million dollars I can spend however I want, that means I could do both of these things together. I can still get a ferrari if I really want to, and also invest the rest on bitcoin as well.

This doesn't mean I would do that, I don't even have a license and I do not like driving cars at all, so I wouldn't even buy a car if I had a billion dollars, maybe hire a driver for myself and a car in that situation but still wouldn't get a ferrari because I won't drive it myself. However if I were to have a million dollars and I really wanted a ferrari but want bitcoin as well I could do both with that kind of money since a ferrari costs less than a million dollars.
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December 27, 2020, 05:43:27 AM
 #102

Million dollars in cash is also a hard place to be because cash is harder to explain. Where did I get that much cash? I mean is it all tax paid and I have it in my bank account? Because, if that is the case and it is a million dollars I can spend however I want, that means I could do both of these things together. I can still get a ferrari if I really want to, and also invest the rest on bitcoin as well.

This doesn't mean I would do that, I don't even have a license and I do not like driving cars at all, so I wouldn't even buy a car if I had a billion dollars, maybe hire a driver for myself and a car in that situation but still wouldn't get a ferrari because I won't drive it myself. However if I were to have a million dollars and I really wanted a ferrari but want bitcoin as well I could do both with that kind of money since a ferrari costs less than a million dollars.

You're over-thinking it. It's not meant to be a thought experiment about where the cash logistically came from, the point is just to think about how you would allocate the money, taking as a given the fact that you have it. You don't have to explain it or worry about taxes, just spend it.

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December 27, 2020, 08:20:07 AM
 #103

Investing your money should always be your goal because this world is actually built around people who make money with money, and that is what you should be aiming to become as well. Just for example, everyone talks about how Jeff Bezos is rich right? He is the richest person and he owns so much of amazon and so forth, his net worth has been topic of discussion for a long time as well.

Do you know how he is rich? Well he owns stocks of amazon, that is how he got rich, obviously he is also the founder, which is why he is so rich and owns so much stocks, not like he bought them, but think about it like investing very early on and making money later, about the same logic. He didn't profited by selling some products, he profited by owning a stock, so made money with money. Buying anything will get you away from that, try to spend as little as possible and invest as much as you can.

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December 27, 2020, 12:11:08 PM
 #104

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?
I don't have aims for expensive shits, ferrari? Na, I'm someone who prefers to live a life of the unknown, meaning I don't want to be popular and I don't care if someone is looking at my life style, it sounds crazy but this is who I am, I just want a good life and live codedly, for my kids Id definitely invest in good things that will be useful for them but for me I can live on 200,000$ till my last day
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December 27, 2020, 02:24:55 PM
 #105

That's a lot of money and I never had that much money but I never dreamed that in the future I would have it and if I already had 70% I would invest in bitcoin and some altcoins and the rest I would save as savings and would use it for open a business in the real world
Your goal is very good and very good for supporting a lot of income, but what everyone has to think about at this time is how to find that much money so that what we plan can be carried out well.
the way is to continue to work hard and don't be discouraged even though there are many problems that will be passed through such as experiencing losses in trading or so on, and also don't forget to pray because we can only plan but everything belongs to GOD Wink

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December 27, 2020, 03:13:11 PM
 #106


but for me I can live on 200,000$ till my last day

This is funny to say you will live your life on a specified amount of money. Things are not working like that. Some questions are to be raised here, how old are you at the moment? like health issues can come too etc. Things can change and you maybe looking at the money that it is big but change can happen at any time in our lives

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December 27, 2020, 04:38:47 PM
 #107

That's a lot of money and I never had that much money but I never dreamed that in the future I would have it and if I already had 70% I would invest in bitcoin and some altcoins and the rest I would save as savings and would use it for open a business in the real world
Your goal is very good and very good for supporting a lot of income, but what everyone has to think about at this time is how to find that much money so that what we plan can be carried out well.
the way is to continue to work hard and don't be discouraged even though there are many problems that will be passed through such as experiencing losses in trading or so on, and also don't forget to pray because we can only plan but everything belongs to GOD Wink

You need to keep moving forward if you think that trading is a good venue for you.

Assessing how will you continue your journey is very important, most of those who succeed from this investment opportunities start with nothing, they just believe that with hard work and luck they'll be able to gained the compensations that they are aiming for, if you have that in mind then the chance still high for you. Keep being positive.
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December 27, 2020, 05:44:04 PM
 #108

I would like to be the first to purchase Bitcoin and Ethereum with my money at the moment of my current buying list in 2020. Bitcoin and Ethereum are two potential cryptocurrencies and investing in them has the potential to generate huge profits in the future. Gold is also on my list of favorites because it is safe to invest in and its value has been steadily rising over the past few years and has become quite prevalent through transactions due to trade wars and sanctions in various countries. There are also a number of cryptocurrencies that I will choose to buy, such as Litecoin, xrp etc.

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December 28, 2020, 10:46:52 AM
 #109

with a million dollar, i would quit my job, buy a house and go fishing.
That is it.

I must say, my first thought was to do the same. But unfortunately it never works. That's why even billionaires are constantly investing in various fields. They know well that their cold storage can decrease significantly because of money devaluation, or some other things. "If you are not growing, you are dying", as they say.

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December 28, 2020, 11:18:48 AM
 #110

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?
Well this amount is like a dream, imagine having lots of money on hand and you're thinking where to spend it.

Anyways we need to be wise nowadays, money is easy to spend yet hard to earn so the first thing that I will do is to allocate a portion to invest on crypto and other kind of investment (e.g real state, stocks, gold). This is to be certain that my money is working for me and I can sit back while waiting for my earnings on crypto and other investment I ventured.

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December 28, 2020, 11:31:34 AM
 #111

If I have million dollars my choice will go for cryptocurrencies investment. Since bitcoin and Ethereum are really improve than any other business, I will invest the million on bitcoin and Ethereum, for me to expect double profit from the investment when the price increase. Many investment that is really bulling now is bitcoin, which many investors has testify about the bitcoin pumping they saw during the pandemic that was almost collapsing other investment to zero level.

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December 28, 2020, 01:38:43 PM
 #112

what are you gonna do if u have millions of dollars of cash? are you gonna spend it all on Ferrari's high-class car or invest in bitcoin for survival?
What to worry about having bitcoin again !! When I have cash, I will invest in bitcoin. With the remainder, I will purchase land at a lower price. All have to authorize a location where the money makes twice as much in limited years. Profit is everyone's business, I am not the opposite. So I will invest my cash in Bitcoin and land.

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December 28, 2020, 11:33:46 PM
 #113

If I had a million dollars of, I would buy myself some time, quality time.
It is the most valuable thing to me.
Not to have to go to work every morning and going to the golf course instead... that is life.

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December 29, 2020, 11:32:29 AM
 #114

If I had a million dollars of, I would buy myself some time, quality time.
It is the most valuable thing to me.
Not to have to go to work every morning and going to the golf course instead... that is life.
You can't buy time, if everyone can buy time all rich people in the world will be immortal, time doesn't wait for anyone in this life, it's better to live a good life, help people and leave behind a good memories for your loved ones, also create a good life for your children, you will be remembered forever
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December 29, 2020, 03:05:27 PM
 #115

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?
I know that there are lot of people who are so dumb that if they are given that kind of money they will first rush to buy Ferrari, but one thing is for sure, and that’s that the value of Bitcoin will keep on increasing in future, while the value of your Ferrari will drop, and in future there will be new Ferrari’s that will be produced by the company so the value of the one you’re buying today will definitely drop and if you decide to sell it in future you will be selling it for way less than what you bought it for, so what’s the need?

Why not first invest that money in Bitcoin and leave it there till the value multiplies and you can then look for other things you can do with it?

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December 29, 2020, 05:04:44 PM
 #116

I know that there are lot of people who are so dumb that if they are given that kind of money they will first rush to buy Ferrari,

Don't call the person who chose Ferarri dumb, maybe for us the investment is more important, but if it's open I am sure there are still many people who choose Ferarri not because they are stupid, but they choose to buy the social. class. We just think like investors, but not everyone thinks that way. You are wise only with your thoughts.
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December 29, 2020, 05:47:30 PM
 #117

That will be more than enough to sustain my necessities but instead of buying luxury cars or expensive things, I would first invest half of it with Bitcoin where I'm sure that my money would grow in time. I would use the other half to secure my future and just spend some of it to put up a small business. I want to make sure that me and my children would have a comfortable living.
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December 29, 2020, 08:01:46 PM
 #118

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?

Buying a Ferrari just to boast that you have lots of money is not great since it would just get more eyes on you and would just get you more unwanted attention. Having a million of dollars IN CASH would be questioned by some department that has got something to do with tax since they will think that you just gain it from somewhere instantly which is not normal but if you gained it through Bitcoin, then it would not be suggested to convert all into cash since you have the ability to let it grow.

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December 31, 2020, 01:17:42 AM
 #119

Questions on the opening post will definitely get different answers depending on the financial condition of each person. But because I live in
a poor country which is earning around $ 300 per month, if I get millions dollars of cash. I will use it wisely and will choose to invest in Bitcoin
to survive. But that doesn't mean spending money on a ferrari is wrong, but for me who used to live poorly buying ferrari is not important.
I prefer to buy assets that can provide passive income in the future, and investing in Bitcoin I can get that.

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December 31, 2020, 02:06:13 AM
 #120

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?


IMO buying a Ferrari or any other expensive toy is the last thing any sane person should do, counting this million as the only asset.

I would invest in REIT, some crypto, some own properties and dividend stocks. I would love to secure a decent cash flow with this million.

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December 31, 2020, 10:07:34 AM
 #121

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?

If I would have that amount I will focus on my needs more than my wants and that's an investment. I will invest most of my funds with Bitcoin which I think is worth it because we could gain a good profit in time. I'll also buy a better house so I could live life comfortably. I just wish that we could really have that amount of money.
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January 05, 2021, 01:23:40 PM
 #122

Well, I think there is no point in investing in cryptocurrency if you have millions of dollars in cash. After all, cryptocurrency can either make you a huge fortune or leave you with nothing. It will be much easier to invest this money in real estate.
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January 05, 2021, 10:34:06 PM
 #123

If I have a million dollar dream, car is nice but an investment would be nicer. Shiny things like cars and jewelry don’t appreciate but crypto investments could grow naturally over the time, that million dollar investment could change your life in the near future and could buy you not just a Ferrari but could also help you have a good future.

What about buying shiny things like metal such as Gold, you can use them and sell them whenever you don't value them again. Real gold don't loose their value since they can be reform into another shape and size and resize into different object.
Why crypto has been unique from this metala is because of it's volatility, they can easily pump and can as well dump. I wish the traditional system can work the same the but the system has made us believe that traditional don't work that way. Though, technically and fundamental it's false, we all seen how they were volatile during pandemic.
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January 05, 2021, 11:05:17 PM
 #124

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?

Why buy such an expensive car when I still have to look for money to cater for its high cost of maintenance? I'm sure everyone knows cars like this are very expensive to maintain.
I'd rather put half of it investing in bitcoin, put 25% into real estate investment and then use the remaining quarter to get a pretty good car that is not so expensive to maintain.
This way, I am sure of pretty good returns that most likely serve me for life. I wouldn't have to bother about certain needs anymore since there's a system in place designed to cater for that

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January 05, 2021, 11:47:25 PM
 #125

Well, I think there is no point in investing in cryptocurrency if you have millions of dollars in cash. After all, cryptocurrency can either make you a huge fortune or leave you with nothing. It will be much easier to invest this money in real estate.
I was wondering, what are you doing here? I was surprised when you were here but you said investing in crypto would not give you any profit? How can you assume that, is the crypto market just for making money without investing? Is that what you think or something else, how can? Cash can still be used to invest in cryptocurrency by converting, so there is no reason not to invest but yes it is an option but if you say investing in cryptocurrency doesn't provide any benefit, I think something is wrong about that. Investing anywhere if it is not accompanied by knowledge, still, it will not give you any benefit even if you invest in real estate, profit and loss is something that will definitely happen because investment is not always easy for you to make a profit.

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January 06, 2021, 12:24:20 AM
 #126

Bitcoin is still  the best crypto to invest because of the trust and the popularity it has gain over others
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January 06, 2021, 08:12:16 AM
 #127

Choosing both of them is still considered as an investments wherein in ferrari car you can sell it in the future as long as it is well-maintained in order to have a better price in the end. Bitcoin, on the other hand is a long term venture that will surely be having a high price in the future. So, basically I purchase 50/50 as a terms of investments.

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January 06, 2021, 10:08:32 AM
 #128

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?

I can have a ferrari later but I want to take the best opportunity presented to me right now and that is investing in the right coin while the market is in bull run, I could have two ferrari if I play it right that is by investing in the right coin and on the right time, this is the best time to invest after three years of bear trend.

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January 06, 2021, 03:23:29 PM
 #129

Bitcoin is still  the best crypto to invest because of the trust and the popularity it has gain over others

Bitcoin will continue to remain one of the best crypto in coming time as well so investing in it will certainly the best option. I would continue to invest in it and will clear off some of the debt which is still pending if happen to receive millions of dollars. But investing in crypto will continue to be my part in future as well.

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January 06, 2021, 05:03:29 PM
 #130

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?
If I am given a chance to have those millions of dollars, then probably I will buy it for some high class or luxury cars and also I will also invest some of my money into bitcoin and other stuffs just like real estate because I believe that those investments are good enough that will help you in the near future if you have lost your money.



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January 06, 2021, 08:52:04 PM
 #131

In the event that i had that cash i will never ever be affectionate of costly thing i ought to think almost survival since cash are will be effortlessly gone after you do not utilize it right these days,Some Amount of my cash i will put it into bitcoin and Altcoins for HODL and trading increase more portfolio. My major interest to invest in worthy project like BNB vault to HODL and earn daily. Staking and providing liquidity to pools are trending investment mediums which help to earn passively.

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January 07, 2021, 04:53:05 AM
 #132

I will invest in btc when it was of $4000
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January 07, 2021, 06:28:08 AM
 #133

People are differs in terms of business ideology because it's obvious that some people does not utilize money while some people utilize money when them see money, issuing me half a million dollars, automatically the money is going to be invest instead of buying personal use, first I will ensure the money yield another money monthly or annually, by adventuring into cryptocurrency such as buying and selling of bitcoin making a little profit every month, i think it's more preferable than using the money all for Ferrari that will require maintenance and also a liability to me, I really know it's nice to leave a comfortable live but exhausting half million into a property that will not generate income is absolutely wrong plan from my perspective.

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January 07, 2021, 08:29:56 AM
 #134

I prefer buying low price cryptocurrencies, because at present we can't have a clear picture about the price movement of bitcoin. The bullish trend could undergo correction or it can continue growing. Rather than risking at a higher price I prefer investing on low price coins. In particular I prefer XRP at the moment, because the team will put effort to retain its growth. So, with trust can invest in my opinion.

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January 07, 2021, 08:35:46 AM
 #135

I will invest in btc when it was of $4000
Bro. that time has passed. I don't think $4000 BTC price will happen again. i wish it would happen but it doesn't seem possible anymore.

People are differs in terms of business ideology because it's obvious that some people does not utilize money while some people utilize money when them see money, issuing me half a million dollars, automatically the money is going to be invest instead of buying personal use, first I will ensure the money yield another money monthly or annually, by adventuring into cryptocurrency such as buying and selling of bitcoin making a little profit every month, i think it's more preferable than using the money all for Ferrari that will require maintenance and also a liability to me, I really know it's nice to leave a comfortable live but exhausting half million into a property that will not generate income is absolutely wrong plan from my perspective.
so you would invest whole amount in Bitcoin or in cryptocurrency and generate more cryptos every day or every month? you got a nice plan but how would you execute it? how you make sure that you'll not loose anything by investing in crypto? what if price drop? which is normal I think.

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January 07, 2021, 03:48:42 PM
 #136

I prefer buying low price cryptocurrencies, because at present we can't have a clear picture about the price movement of bitcoin. The bullish trend could undergo correction or it can continue growing. Rather than risking at a higher price I prefer investing on low price coins. In particular I prefer XRP at the moment, because the team will put effort to retain its growth. So, with trust can invest in my opinion.
Either way, risk is not under control. Not to criticise your plan but have you considered investing on real estate or business if you are looking for a higher chance to make profit with that huge money, perhaps in this case, to make it more profitable? 'coz I think I would consider putting perhaps 50% of such huge amount in business and probably only 20% in this industry. One reason if you would ask, is because in a business you will be more in control of the odds in which you can make adjustments for your business to lessen the chance of losing. Unlike in cryptos wherein you will be dependent to the market behavior in 'general'. This is just how I view this scenario but I do still look in your perspective as well as to those who are having the same view.

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January 07, 2021, 05:55:56 PM
 #137

People who have answered with bitcoin here have made over double their money since this question was asked. So instead of having one car, you would have two million dollars instead and that would be enough for any car you want, we are talking about two million dollars here.

Bitcoin is a great investment no matter what you compare it with, you are not going to compare it with anything at all that would make sense. Crypto as a whole is a great investment, look at miners right now, even at the end of the mining world where ETH 2.0 will be reality in few years time, probably in early 2022 or maybe a bit later, they are still making tons of profit, why? Because no matter what you do, if you go into crypto and wait enough, you are going to make a ton of profit. Which is why never put your money into something else to make a profit, if you really want to invest, go with crypto.

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January 07, 2021, 09:02:19 PM
 #138

I will invest in btc when it was of $4000
Bro. that time has passed. I don't think $4000 BTC price will happen again. i wish it would happen but it doesn't seem possible anymore.

People are differs in terms of business ideology because it's obvious that some people does not utilize money while some people utilize money when them see money, issuing me half a million dollars, automatically the money is going to be invest instead of buying personal use, first I will ensure the money yield another money monthly or annually, by adventuring into cryptocurrency such as buying and selling of bitcoin making a little profit every month, i think it's more preferable than using the money all for Ferrari that will require maintenance and also a liability to me, I really know it's nice to leave a comfortable live but exhausting half million into a property that will not generate income is absolutely wrong plan from my perspective.
so you would invest whole amount in Bitcoin or in cryptocurrency and generate more cryptos every day or every month? you got a nice plan but how would you execute it? how you make sure that you'll not loose anything by investing in crypto? what if price drop? which is normal I think.

Not really using all the money into cryptocurrency , at the least some part of the money will go into other businesses that will bring return not only cryptocurrency because bitcoin can drop as you said in price anytime and any hour, so is not good to place all our eggs in one basket in case of breakage or destruction, and its obvious that any business is based on risk, trading via forex through bitcoin can equally bring much profit that's not expected , so in all ramifications living a comfortable life or moving with a better ride is not an assets, asset is investment that brings return.

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January 12, 2021, 06:31:38 PM
 #139

If I get a million dollars, first thing would be to save at least half of it for future and emergency needs or just for basic life purposes. The rest of the money I'll use to trade, or open a good business that can create many jobs as well as good returns on investment. It's very hard to sustain and manage a huge amount than to make that much amount in the first place. Buying a car would be the worst investment. Because it has taxes, maintenance charges, petrol charges. And I don't really travel a lot for me to really buy a car which I won't use.
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January 12, 2021, 09:52:42 PM
 #140

Million dollars is a huge amount so i think there is no need to sellect to buy firari or invest into bitcoin, because even if we buy firari there are still an amount left to invest in bitcoin, the best idea is to spend money wisely through investing in crypro,building a house, building a businesses,etc, there are so many thing that can give you a profit never lean on one side, because everything depend on your luck, if you are not lucky on crypto maybe you are more lucky on doing business so just try everything to make profit for good.

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January 13, 2021, 07:34:23 AM
 #141

If I was in that position the thing I would do would be to use half of the money for cryptocurrency investment.
And the rest I will use for real effort and to make ends meet.
On the grounds that if the investment fails I still have a business running and it's the opposite.

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January 13, 2021, 09:05:38 AM
 #142

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?

If i have a million dollars , i invest some dollars in cryptocurrencies for trading and the rest is for the business and my family need. I dont waste the money in a high class car instead i just invest to crypto to survive in the future.Be practical money is very important to survive thats why we need to manage wisely to grow or earn a lot that can support on us in the future.

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January 13, 2021, 09:12:42 AM
 #143

If I was in that position the thing I would do would be to use half of the money for cryptocurrency investment.
And the rest I will use for real effort and to make ends meet.
On the grounds that if the investment fails I still have a business running and it's the opposite.

This is a good idea. Splitting large investments makes a lot of sense. If you would have asked me 1 year ago before the corona pandemic I would have put all the money down as investments. But now with the economy hurting so much and the lockdown being extended for another 2-3 months I remaing sceptical about the future. Better to leave some money in the pocket if times are getting worse.
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February 06, 2021, 10:55:17 AM
 #144

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?
If I had millions of dollars, then I would allocate 50% for bitcoin investment, 25% to develop my own business, and 25% to travel around the world. Unfortunately, I don't have millions of dollars in my life. I only have thousands of dollars from the business I own.

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February 06, 2021, 11:42:45 AM
 #145

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?
No! I am not gonna spend those millions one at a time maybe I will invest 60% in Bitcoin. And the other 40% will be spent for the families needs and wants. I want my future to be safe and secured so, that ratio would work well for me.



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February 06, 2021, 12:06:19 PM
 #146

People who have answered with bitcoin here have made over double their money since this question was asked. So instead of having one car, you would have two million dollars instead and that would be enough for any car you want, we are talking about two million dollars here.

Bitcoin is a great investment no matter what you compare it with, you are not going to compare it with anything at all that would make sense. Crypto as a whole is a great investment, look at miners right now, even at the end of the mining world where ETH 2.0 will be reality in few years time, probably in early 2022 or maybe a bit later, they are still making tons of profit, why? Because no matter what you do, if you go into crypto and wait enough, you are going to make a ton of profit. Which is why never put your money into something else to make a profit, if you really want to invest, go with crypto.

It's not always crypto though. The key here is always to hold for long term be it any investment. One can also purchase and invest in gold/silver, or stocks of good companies which are bound to increase in value because of their functionality. Investment is like a game of "full faith", you have to believe in the future, then only you can remain content with your present investments and not cash them out at small profits or panic sell.
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February 06, 2021, 01:35:16 PM
 #147

In any case, today I have specific goals, upon reaching which I will fix my profit. It is the profits I will invest in my business and other alternative sources of income that will make me more financially financially independent. Of course, I will constantly monitor the cryptocurrency market in order to profitably invest in specific cryptocurrencies, because thanks to the volatility of cryptocurrencies, the market gives very good profits.

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February 06, 2021, 02:03:00 PM
 #148

In any case, today I have specific goals, upon reaching which I will fix my profit. It is the profits I will invest in my business and other alternative sources of income that will make me more financially financially independent. Of course, I will constantly monitor the cryptocurrency market in order to profitably invest in specific cryptocurrencies, because thanks to the volatility of cryptocurrencies, the market gives very good profits.
That would be a great way to maintain your money if you have a million dollars. Investments and assets will make any individual financial independent which can provide a passive income to anyone. Some people would say that they'll spend their millions to properties, cars and stuffs that can make them happy which isn't wrong but if you look in an financial perspective view will make you go broke in an instant.
Investments, business, trading and stocks will help you provide income and maintain or even multiply your assets.

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February 06, 2021, 10:38:01 PM
 #149

If I have a million dollars to spend, I'd not spend it immediately. I'll weigh my options and see how or what will be the best move that will offer me better profits, be it the stocks, bitcoin, ethereum, setting up a business or whatsoever. I wanna make sure this 1M I have is gonna birth more millions in the future, so as early as I get my hands on the money I'll think of a good plan to make it grow.

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February 06, 2021, 10:46:36 PM
 #150

If I have a million dollars to spend, I'd not spend it immediately. I'll weigh my options and see how or what will be the best move that will offer me better profits, be it the stocks, bitcoin, ethereum, setting up a business or whatsoever. I wanna make sure this 1M I have is gonna birth more millions in the future, so as early as I get my hands on the money I'll think of a good plan to make it grow.
Money is just money that will easy to spend even in just a couple of days it will wipe out and gone. If we had that opportunity that comes in our life, we must have a plan for how it will grow continuously so that we will not need to find work just to have money.

Investment is a good answer or even a business, it could be a long term or short term investment as long as you have an ROI per month or annual that may your source of income. If I have that much money, I will invest 75% into different investments and one of those is bitcoin investment for the future purpose, I guess 10 years maybe worth it.

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February 06, 2021, 11:17:26 PM
 #151

I always like to diversify my investment. 10% in bitcoin, 20% in gold, 30% in business, 40% in property. Although I will only invest 10% in bitcoin but the price will keep rise so I will get big profit in the future, I'm afraid to invest more than that because the volatility is too extreeme. Gold is one of best investment because it price tend to rise. As a person who have a lot of money it will be good if I keep the money velocity so the economy can be better. Everyone needs property to live so this is the best long term investment.

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February 07, 2021, 08:21:48 AM
 #152

I will choose to invest in some digital currencies on the basis of ensuring my own life, but I will not choose Bitcoin. The entry of 1 million is too low for Bitcoin. It is better to choose some altcoins.
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February 07, 2021, 02:59:04 PM
 #153

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?
for crypto maybe only 2% of my assets. because it would be risky if you put up to 50% for crypto. maybe someone brave has to be a professional to be in crypto in large numbers. for me real estate business like real estate or automotive is better and the risk is minimal.

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February 07, 2021, 03:07:47 PM
 #154

It's an easy choice as i won't be spending a lot of money on cars as their value will only continue to go down. Even if i don't spend it all on bitcoin then i will spread it to other kind of investment like stocks, bonds, or properties. If you have a lot of source of passive income then you can live comfortably later in your life rather than have fun with luxury car right now and struggle later. It's not like you have to spend a lot of money to buy car, just buy an ordinary one as it serve the same purpose.

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February 09, 2021, 02:34:23 PM
 #155

I will choose to invest in some digital currencies on the basis of ensuring my own life, but I will not choose Bitcoin. The entry of 1 million is too low for Bitcoin. It is better to choose some altcoins.
I not agree with you here as 1 Million is too low for bitcoin because, its really idea amount for investing in this as you can go with some altcoins as well because putting all eggs in one basket is never been good idea. So keep spreading but do some good work for this all because its very violate market its need some good intention from investor after investment for better result.

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February 09, 2021, 02:39:26 PM
 #156

Of course I would buy a new car, but definitely not a Lambo!) I would definitely invest most of the remaining money in cryptocurrencies... In fact, the main point is not to spend money, but to increase it! Grin

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February 10, 2021, 07:40:03 PM
 #157

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?
I would not buy such an expensive car as a Ferrari. Would have bought it much cheaper. The rest of the money would be distributed to business and investments. I would invest not only in bitcoin, but also in another promising cryptocurrency.
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February 15, 2021, 01:00:01 PM
 #158

The choices that OP are asking are stupid, one million dollars goes a long way and if that were a once in a lifetime opportunity then that means that you have to spend it wisely, it is no brainer that you will invest it in bitcoin. Bitcoin is evidently growing and buying something that depreciates in value overtime unless it is the last Ferrari model in the world will be the most dumb thing that you could ever do to your money.
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February 15, 2021, 01:15:19 PM
 #159

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?

Well, it all depends on the kinda million dollars; some millions dollars will buy a ferari and still invest in bitcoin; Also, investing in bitcoin is not a survival policy but a wealth creation policy; you need to undergo teachings on crypto currency trading and investment so that you can have the right emotions and psychology as regards crypto currency. if it were me, i would buy my favs ferari; and then invest in bitcoin, etherum and litecoin; they are very bullish on the long term with great prospects.
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February 15, 2021, 03:50:57 PM
 #160

Quote
what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?
I will invest it in different business in case one crash down, i will use the other one to raise it up not to experience lost. I will invest half of the million dollars to Bitcoin, since  bitcoin  business is really improving in the areas of investment where investors are making massive profit from their Investment. I will spend the remaining half million dollars to gold and oil business which are more older than bitcoin business.

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February 15, 2021, 04:14:28 PM
 #161

The choices that OP are asking are stupid, one million dollars goes a long way and if that were a once in a lifetime opportunity then that means that you have to spend it wisely, it is no brainer that you will invest it in bitcoin. Bitcoin is evidently growing and buying something that depreciates in value overtime unless it is the last Ferrari model in the world will be the most dumb thing that you could ever do to your money.
It actually depends on the financial status of the person who is given the money. I remember recently stake did a raffle where they gave the winner an option to take something around $200k or a Ferrari and I believe it was GDLE who won and he chosen to get the cash because as a gambler he would relish cash more than the car.

Maybe if you ask Elon Musk the same question what he would do if you give him a million dollars then he might go with a Ferrari but someone who isn't as rich as him would most likely lean towards getting the cash and how they invest depends on individual's intelligence and their risk appetite.

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February 15, 2021, 06:26:21 PM
 #162

That's a lot of money and I can divide it in 50% for bitcoin and keep it in the long run, the rest I use to get profits in a short time or to be precise according to market conditions and make the best use of it, it could be from ico, ieo, staking coins, buying coins that are predicted to rise by then.
and whatever it is that can provide profit in a short, medium time.

Very beautifully described, but in fact it usually happens that in the short term people lose money ... It's all going up now and you can buy anything, but everything can fall just as fast... That's why large sums are better used for long-term investments! Wink

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February 15, 2021, 07:18:20 PM
 #163

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?
I would not buy such an expensive car as a Ferrari. Would have bought it much cheaper. The rest of the money would be distributed to business and investments. I would invest not only in bitcoin, but also in another promising cryptocurrency.
That's true because maintaining your portfolio as an investor is the mot important aspect. I would also invest into multiple crypto currencies, invest some into my local business here and then remaining amount would be deposited into banks for any urgent needs. Buying a car and spending into flashy needs would be last on the list for me.

Investing millions into Bitcoins all is not a bad idea but it is worth for people who are multi millionaires rather than someone who just got 1 million. Nevertheless some exciting replies in this thread and some really funny ones about this hypothetical assumption of getting million dollars.

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February 15, 2021, 07:59:31 PM
 #164

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?
I will try to buy crypto for long time investment and I will hold it until I get about 50x profit. But I am not sure which crypto I would buy if I had such type of fund. But I think I would buy litecoin with the maximum portion of fund.



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February 15, 2021, 08:04:55 PM
 #165

This topic was created on December 14th when the bitcoin price was 19,000 usd, just imagine if it was me who had millions of dollars and I would definitely buy bitcoin. By now I am definitely making big profits, maybe I will think about buying Ferrari.

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February 22, 2021, 07:39:13 PM
 #166

yes but you can avoid it if you know or have enough experience and not everyone can trade in the short term or make quick profits,
experience takes and also I say it depends on market conditions so the rest if it is not possible to trade or get profit in the short term I can allocate it for the long term Cheesy
Many people are making profits in short term but short term is for the experts only according to me. But long term investment is better than a short term. For long term any top crypto is able to make us profitable.



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February 22, 2021, 07:51:01 PM
 #167

Anyway, I only realized my own abilities so I felt I didn't have to spend a lot of money just on one item, because it would be wise to invest to survive. Investing here is not just investing in bitcoin because there are many places for us to invest in although indeed, when you choose to spend a lot of money on a high-class car basically it can be an asset too. So, yes, it all depends on how we are going to treat it and being aware of our own lifestyle, maybe it will make you choose wiser choices.

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February 22, 2021, 11:53:19 PM
 #168

Guys, after reading some of your comments I have realized that we have moved away from vanity by discovering bitcoin. Now it interests us as a first instance and how to generate more productive profits with the digital asset that is revolutionizing the way of handling money.

I think that we contribute more economically and socially if we buy bitcoin and any altcoins because possibly that with that investment we could generate profits to buy 2 Ferraris.

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February 23, 2021, 02:58:17 AM
 #169

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?
Your posting time is exactly the Pumping days of Bitcoin , so there are no one who answers about buying a ferrari because of the timing.
They choose to Buy Bitcoin or other altcoins than the luxurious car like ferarri.
Because in the time comes like now? the Bitcoin had increased more than x3 of the price from December 12 as you posted this , then we can buy more than 1 ferarri of we choose Crypto or bitcoin specifically .

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February 23, 2021, 04:35:09 AM
 #170

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?
Why do that. ferreri, Lol.  I will split the reinvestment fund into the following three dishes: 30% real estate, 30% gold, 40% bitcoin.  All of these are unique features that can increase interest over time.  When you retire, you will still maintain good food, food, and economy without having to rely on anyone Smiley)

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February 23, 2021, 01:01:05 PM
 #171

I will split the investment. Im not into cars but i would invest in bitcoin and properties.
Properties increase the value the more you renovate/keep it.
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February 23, 2021, 01:57:13 PM
 #172

I will split the investment. Im not into cars but i would invest in bitcoin and properties.
Properties increase the value the more you renovate/keep it.
Well that true you don't to put all eggs in one box you need to put them into different or more boxex bitcoin is too volatile while properties there's are big chance that the property will become higher depends on the local lands if the communities are higher then it has possibilities that the property will become higher the more people the higher the economy. While in bitcoin you can't assured your profit but in properties you already save it for the future.
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February 24, 2021, 03:56:48 AM
 #173

I don't know what I will do with my millions of dollars, however, I'll surely purchase bitcoin with half of my cash.
Its decline the supply and increment the bitcoins value. Right now Ethereum and bitcoins are the top monetary standards I will pick them.
Likewise, I will put my money on the other speculation stage too like Stock or real estate.
I realize they contain low potential in contrast with bitcoin, however, we ought not generally to rely upon digital forms of money, we should take a stab at something other than what's expected as well.
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February 24, 2021, 05:39:33 AM
 #174

Quote
what are you gonna do if u have millions dollars of cash ?
I will invest everything to bitcoin because the economy of the country is not too stable for someone to invest huge amount of millions of dollars and expect something good from the investment. Since other businesses, there are many scammers who art as if they are really business man or woman can scam the millions dollars alway from you. But in bitcoin investment, it hard for you to invest into the hands of the scammers because they are easy to identify in the areas of investment.

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February 24, 2021, 11:25:52 AM
 #175

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?

You know what it is, Rich people are the ones that actually know that more tthat half their financial assets should be in some form of investment so with that kind of cash definitely spending more than half in crypto with bitcoin BTC taking the larger portion of my investments cos after that, I can afford more than just one Ferrari  Wink
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February 24, 2021, 12:47:29 PM
 #176

I'd probably be having a business to grow that million dollar. I will not rely on BTC alone. You need something to grow your money but aside from that, having BTC on your saving will do good as well.
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February 24, 2021, 04:33:39 PM
 #177

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?

If I have this much amount of money I will definitely invest in Bitcoin for long term and wait for another year or two. I will also invest some of my amount  in other alts just to increase my investment portfolio. By doing this you will have a higher chances of earning profit than single investment option. I will invest in some offline business as well, just in case...
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February 24, 2021, 04:53:08 PM
 #178

I'd probably be having a business to grow that million dollar. I will not rely on BTC alone. You need something to grow your money but aside from that, having BTC on your saving will do good as well.

I agree, diversification is the key to grow our portfolios and stay rich in the future. Splitting money between crypto currencies, other financial asset and real world investments is a good approach. As long as the business is profitable and will keep making money in the future. But there are also a lot of risks involved with owning a business, especially in difficult times like we have right now with the global pandemic. A lockdown for half a year could ruin any potential business.
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February 24, 2021, 06:12:46 PM
 #179

Bitcoin investment is best. you have million dollar money if try to any high value of the car or anything. This not good ideas for that. You will not get any profit. If investment in the bitcoin. It help to future save and growth. Bitcoin is any time to increase the price. So it good opportunity for the investment in the bitcoin. Bitcoin is any where to use and it any time to help you.

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February 24, 2021, 06:27:52 PM
 #180

Buying Bitcoin is good rather to buy a Ferrari. If we buy Bitcoins and start trading in it then we can easily made 1 million to 100 million. But Ferrari is just a car it cannot give you money. Or cannot provide you money making opportunities. So, invest your money at a good place so you can multiply your investment. It is my opinion. But choice is yours.

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February 24, 2021, 10:40:49 PM
 #181

I don't need a Ferrari right now, so I'm not going to spend millions of dollars of cash buying something I don't need. I will use it to buy Bitcoin
if I get millions dollars of cash, because investing in Bitcoin can make me rich. To be a rich man, must be able to make the money we have can
continue to increase in number. And if we look at the price of Bitcoin, whose price continues to rise,  it means investing in Bitcoin it can indeed
make us rich.

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February 25, 2021, 07:35:56 AM
 #182

I'd probably be having a business to grow that million dollar. I will not rely on BTC alone. You need something to grow your money but aside from that, having BTC on your saving will do good as well.

I agree, diversification is the key to grow our portfolios and stay rich in the future. Splitting money between crypto currencies, other financial asset and real world investments is a good approach. As long as the business is profitable and will keep making money in the future. But there are also a lot of risks involved with owning a business, especially in difficult times like we have right now with the global pandemic. A lockdown for half a year could ruin any potential business.
Risks are everywhere specially when you have a business or even in cryptocurrencies. It's all up to us on what to do to mitigate the risks ahead from our ventures.
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February 25, 2021, 08:29:47 AM
 #183

I don't need a Ferrari right now, so I'm not going to spend millions of dollars of cash buying something I don't need. I will use it to buy Bitcoin
if I get millions dollars of cash, because investing in Bitcoin can make me rich. To be a rich man, must be able to make the money we have can
continue to increase in number. And if we look at the price of Bitcoin, whose price continues to rise,  it means investing in Bitcoin it can indeed
make us rich.

Bitcoin has made a lot of people very rich, but I'm sure it has also made a lot of people lose money...
Similarly, you could theoretically panic and sell your bitcoin for less than you bought it... It's psychology... And the more money you have the tougher your nerves have to be! Wink

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February 25, 2021, 01:42:58 PM
 #184

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?

This is actually an interesting piece of question. While a lot of people are going to say that they'll invest most of the cash, they tend to forget how hard it is to actually do that. You'd realize that you need more than just having the money to actually invest, you also need the discipline to do it. Trust me, a lot of bills will prop their heads up and you'll want to satisfy them all, not to mention the fantasies you've always dreamt about.
Personally, I'd say the best thing to do is to actually invest about 70% of it so as to something to bank on later

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February 25, 2021, 03:26:21 PM
 #185

what are you gonna do if u have millions dollars of cash ? are  you  gonna spend it all for ferrari high class car or invest bitcoin for survive ?

Just as I have done with the bitcoin earnings I've made throughout the years since I "found it", I will simply keep re-investing it and using it for every day needs but if I made millions there is no question that I would do good with that kind of earnings.  Personally as an animal lover my dream is to one day open up a sanctuary that I could run and spend most of my time with.  Sure a nice car would be nice, but giving back is more my speed.

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February 25, 2021, 04:03:20 PM
 #186

Bitcoin investment is best. you have million dollar money if try to any high value of the car or anything. This not good ideas for that. You will not get any profit. If investment in the bitcoin. It help to future save and growth. Bitcoin is any time to increase the price. So it good opportunity for the investment in the bitcoin. Bitcoin is any where to use and it any time to help you.

Disagree somewhat, and completely disagree with the last comment. While I believe that investing in cars is really bad because it's a total loss of money, rather I would invest in a plot or land. But, it's so much subjective, all of us hold or invest money to get good returns, but we never keep spending as a goal which should be. If a person is happy buying a nice car, he may not gain monetary amount but surely he's going to be happy still driving the car, and after all, we are on this planet for a limited time before we die, so enjoying life is also as important than just continue to save in hope for a good return in far future Smiley
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March 01, 2021, 02:30:27 PM
 #187

I will split the investment. Im not into cars but i would invest in bitcoin and properties.
Properties increase the value the more you renovate/keep it.
It is a good decision to split the investment. Anything may happen at any time but if you split the fund into crypto (bitcoin) and properties (land/flat) then if you lose one then you may make profit or atleast there might have a chance to make profit. But when invest on an individual way then if loss, full loss.



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shushu9977
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March 01, 2021, 03:31:00 PM
 #188

If I have millions dollars of cash, first of all, I invest 50% in my local business, 30%/40% in safe for future and other 20%/10% invest in crypto-currency. Still, I earn and invest in crypto-currency and other business.

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Inkdatar
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March 01, 2021, 04:39:48 PM
 #189

If I have millions dollars of cash, first of all, I invest 50% in my local business, 30%/40% in safe for future and other 20%/10% invest in crypto-currency. Still, I earn and invest in crypto-currency and other business.
Putting up a business is a nice decision when you have a huge of money. If I have this money having a business is my first priority in the long run it will bring good profit in return. Also investing in crypto is a wise decision as there is more opportunity to grow our fund and the lasts saving money for retirement
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March 03, 2021, 06:26:56 PM
Last edit: March 03, 2021, 07:23:54 PM by Fredomago
 #190

If I have millions dollars of cash, first of all, I invest 50% in my local business, 30%/40% in safe for future and other 20%/10% invest in crypto-currency. Still, I earn and invest in crypto-currency and other business.

Good plan, it's very important to have this kind of planning in case luck permits you and it provides you the opportunity to have this
amount of moey.

Having a good overview in what to do with your money is good, not to waste the opportunities but instead do things that will allow it to
grow, you can choose things out but make sure to keep it intact in case things really happened to you.

Putting up a business is a nice decision when you have a huge of money. If I have this money having a business is my first priority in the long run it will bring good profit in return. Also investing in crypto is a wise decision as there is more opportunity to grow our fund and the lasts saving money for retirement


Find possible passive income and let your money to work with you, best to do your research in case you got that chance to
have a very huge a mount of money. Starting a business with good knowledge about it is very nice option.

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March 03, 2021, 07:17:46 PM
 #191

do you think it's a good idea to leave your crypto in stabble coins to earn passive income  ?
ex : celsius offers a 6% APY when yu deposit your USDC.

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