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Author Topic: which will u choose to buy  (Read 1869 times)
francois-cooper
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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.

Ridwan Fauzi
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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.

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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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ecnalubma
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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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