bearexin
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December 26, 2020, 05:11:41 PM |
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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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jaysabi
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December 27, 2020, 05:43:27 AM |
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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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lixer
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December 27, 2020, 08:20:07 AM |
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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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New_order
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December 27, 2020, 12:11:08 PM |
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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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MUG1WARA
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December 27, 2020, 02:24:55 PM |
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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
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Gozie51
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December 27, 2020, 03:13:11 PM |
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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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Pamadar
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December 27, 2020, 04:38:47 PM |
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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 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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Tahsin Kabir Kollol
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December 27, 2020, 05:44:04 PM |
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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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Betwrong
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December 28, 2020, 10:46:52 AM |
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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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lienfaye
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December 28, 2020, 11:18:48 AM |
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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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Zanab247
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December 28, 2020, 11:31:34 AM |
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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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kolbalish
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December 28, 2020, 01:38:43 PM |
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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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francois-cooper
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December 28, 2020, 11:33:46 PM |
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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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VDraci
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December 29, 2020, 11:32:29 AM |
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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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doomloop
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December 29, 2020, 03:05:27 PM |
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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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oHnK
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December 29, 2020, 05:04:44 PM |
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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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virasisog
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December 29, 2020, 05:47:30 PM |
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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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mezzaluna
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December 29, 2020, 08:01:46 PM |
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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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MCobian
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December 31, 2020, 01:17:42 AM |
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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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BigBoy89
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December 31, 2020, 02:06:13 AM |
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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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