Advice: 1 BTC

[Rishabh riyz]

This might be more personal as well confidential to we all, but if you're to share your thoughts or advice one on how to spend he's/her 1btc what would that be ?
Estate management ?
More in Bitcoin ?
Investment in the Stock market ?
Maybe your ideas might or will be helpful.

if I would give a suggestion it would be to study and understating the crypto market  , then after thoroughly doing your own research or asking some professionals in crypto trading start inter crypto trade  with half of you BTC, well bitcoins aren't the only digital crypto currency that is growing , there are many altcoins also ,
although bitcoins are growing but altcoins are being promotes as well , for example we saw the rose of DOGE and Ripple
the returns on DOGE and from March 2021 to May 2021 were 1400% more than bitcoins.   

[so98nn]

You can do whatever you like with your bitcoin, I do not think anyone need to advice you what you should do with your money, you can hold it, spend it, use it to buy stock or anything that can increase on value if you like, but never convert your coin to fiat and hold it in bank, that is the most foolish thing someone can do because fiat do depreciate.

But this will be my advice if you want advice, if you are not using the bitcoin, then hold it and buy more, it will worth more value if compared to fiat in the future.

Exactly just hold it. In the current times when bitcoin is about to get adopted even in the real market, and already in process of ETF approval application its great idea to hold this coin and groom it for future profits. Gosh, if I had 1 BTC then I would have sold it at the current ATH and would again bought more once the price has moved down the road. Keep repeating this until you double the bitcoin. 

I would not even advice you to sell your coins for the altcoins and not even in stablecoins because that would similar to selling it to the fiat currency.
In the current timing you at least have assurance of high resistance of bitcoin to the market. Future is way bright, dont sell it. Grow it!

[bitcampaign]

This might be more personal as well confidential to we all, but if you're to share your thoughts or advice one on how to spend he's/her 1btc what would that be ?
Estate management ?
More in Bitcoin ?
Investment in the Stock market ?
Maybe your ideas might or will be helpful.

there are not many financial advisors on this forum, but you need to seek financial advice for yourself, you don't have to ask everyone here and worry that your finances will be messed up, I only suggest that your finances are properly managed so find your personal financial advisor

[pinggoki]

I'd take Shaq's spending advice when deciding on how to divvy your 1 btc which is approximately 66k last time I checked. He said that whatever you earn, save 50/invest 50% of it in something that will secure your wealth or give you ROI, and then divide the remaining 50% into 2, saving the other for retirement, while the remaining 25% of your whole profit could be spent on whatever you want. Obviously this will only work if you can rake in big money like he does so I guess earning 1 btc should still allow you to do this.

This might be more personal as well confidential to we all, but if you're to share your thoughts or advice one on how to spend he's/her 1btc what would that be ?
Estate management ?
More in Bitcoin ?
Investment in the Stock market ?
Maybe your ideas might or will be helpful.

there are not many financial advisors on this forum, but you need to seek financial advice for yourself, you don't have to ask everyone here and worry that your finances will be messed up, I only suggest that your finances are properly managed so find your personal financial advisor

yeah. Properly seeking professional advice should work too. It's not like there's no valuable suggestions and strategies in this forum, it's more on the professional side of things, and having someone who would follow through your progress as time passes by. Hiring a personal financial assistant does not come cheap tho, and from where I live, includes some form of contracts and benefits as well as responsibilities that both you and the financial advisor should follow, like insurance and stuff. Then again, it's OP's personal choice at the end of the day.

[Blawpaw]

This might be more personal as well confidential to we all, but if you're to share your thoughts or advice one on how to spend he's/her 1btc what would that be ?
Estate management ?
More in Bitcoin ?
Investment in the Stock market ?
Maybe your ideas might or will be helpful.

If I were to invest 1BTC in something other than the cryptocurrency it would be in Real estate. With the current price, you can perhaps buy a house and real estate property is always a good investment. If not, I would try to duplicate my coins and would invest 1BTC in a few crypto projects that I consider to a lot of potential on the long run. 

[BlackHatCoiner]

The advise of what to do with 1 BTC depends solely on you and your personality. Do you want to have a steady income every month? Then hodling bitcoin is definitely not the solution. In this case, maybe lending your bitcoin would suit better. Do you want quick money with high risk? Search for an altcoin that has 7-digit market cap and once you make your researches go for it.

Just for your information, since the first halving (2013), bitcoin has given you the chance to increase your annual yield by 180%.

[Ararbermas]

Well use it for good, i mean you can spend it whatever you want but make sure at the end of the day you still have money to pull out, i mean before anything else probably much better to build business first and still put an investment to crypto so that you have backup. And then the rest its up to you.. You can help people that need assistance as well such homeless or your relatives and neighbours that still struggling because of what kind of situation we still have right now. In fact it's not a big thing because we all knows how much is 1btc nowadays.    it's a big achievement as well aside of having such amount of money.

[D-law]

I can assume that OP doesn't have one Bitcoin.He's just a asking a question about a potential case scenario.
OP,if you really have one BTC,then congratulations.You are richer and more successful than 99% of all Bitcoiners so seeking financial advise from people,who are less successful than you are seems kinda stupid to me.
Does a rich person seek financial advise from the poor people?Nope...
Anyway,If you don't really have one BTC,then the entire discussion is just gibberish.It's like asking "What will you buy or invest with the money,if you win the jackpot?"There's no point of such questions.

Would you want to share my 1 BTC with me after sharing your thoughts ?
Are you saying you're poor ?
Ohh my goodness, you said that right ?
It's only a piece of advice since we here to learn and educated ourselves and one-self.

[suzanne5223]

You can do whatever you like with your bitcoin, I do not think anyone need to advice you what you should do with your money, you can hold it, spend it, use it to buy stock or anything that can increase on value if you like, but never convert your coin to fiat and hold it in bank, that is the most foolish thing someone can do because fiat do depreciate.

But this will be my advice if you want advice, if you are not using the bitcoin, then hold it and buy more, it will worth more value if compared to fiat in the future.

Exactly just hold it. In the current times when bitcoin is about to get adopted even in the real market, and already in process of ETF approval application its great idea to hold this coin and groom it for future profits. Gosh, if I had 1 BTC then I would have sold it at the current ATH and would again bought more once the price has moved down the road. Keep repeating this until you double the bitcoin. 

I would not even advice you to sell your coins for the altcoins and not even in stablecoins because that would similar to selling it to the fiat currency.
In the current timing you at least have assurance of high resistance of bitcoin to the market. Future is way bright, dont sell it. Grow it!

I agreed with the advice provided by Oshosondy but people at some point need someone to advise them in other not to make a wrong decision because the cryptocurrency is known for being highly manipulated during the last 3 months of every year of halving market and I always advise people not to buy during this season if they are planning for short trading.
@so98nn, Bitcoin ETF will help the market but will also make the market to be highly volatile. Mind you, everything that has an advantage must have had disadvantages.

[jossiel]

This might be more personal as well confidential to we all, but if you're to share your thoughts or advice one on how to spend he's/her 1btc what would that be ?
Estate management ?
More in Bitcoin ?
Investment in the Stock market ?
Maybe your ideas might or will be helpful.

Although I won't receive any return if I choose to have a place called 'home' since I'll be living there and won't generate any income from it. But the peace of mind that it will give me is probably the best investment and return that it can give to me.

I won't be paying any rent monthly only the monthly dues like bills and mortgage would be paid in full as that's going to be part of the peace of mind.

I can do whatever I want while living there.

[OrangeII]

Personally, I will not spend the 1 bitcoin I have and will continue to hold it, especially now that the situation is still very good for bitcoin. however, if it's just a suggestion, I'll trade it for another business. I mean a business opportunity that can provide me with income every month, and also it is very valuable when sold, such as making investments in renting houses, apartments, plantations, and other types of investments. it's just a suggestion. some people use it for their style, like buying a house, or clothes that are trending right now.

[franky1]

if you have 1 BTC and the market is at around the ATH and your unsure if you want to sell out or wait out for next ATH..
.. the answer is not binary.. you can do both..

EG how about sell 50% of your 1btc.
if the price drops you can use that $30k fiat to buy more then 0.5btc at a lower price
if the hoarded unspent original 0.5btc goes up in price you will get more then $30k
thus win win

if thte price just stagnates for a year. no major up or down
what you can then do is look at other official assets and find ones that are on their yearly LOW. and use that $30k fiat to buy in and sell out to increase that $30k to more.

just remember all good advice
1. dont put all eggs into one basket(dont throw all wealth into one choice)
2. buy low sell high

what many also find is never look to throw large investment into one thing. and then hope for a 2x in a limited time.
many people prefer to work with 10 allotments + of their wealth. and look for quick or easy 1-3% movements. knowing these 1-3% overtime add up to the 2x factor. but with less risk. less stagnated waiting/hoping/stressing.

as to what to invest in.
make sure its legit. EG not some crapcoin thats dev/HQ team is hiding behind proxies with glossy pamphlets of overpromises.
make sure the price of a legit asset is not in its seasonal high
make sure the investment/transaction fee's of getting in-out are not going to wipe out 1%+, meaning you dont have to wait for higher % just to move. thus able to grab profits sooner/faster

[BlackHatCoiner]

if the price drops you can use that $30k fiat to buy more then 0.5btc at a lower price
if the hoarded unspent original 0.5btc goes up in price you will get more then $30k

If you've sold 0.5 BTC for $30k, then a rise in the price will be damage for you. The less BTC you've sold, the less that damage will be and in case the price goes down, the more BTC you've sold, the less damage you'll have. In both cases, there's a high chance of losing profit instead of gaining it.


If you have no experience with trading, then selling high and buying low is a matter of possibilities. You may achieve this once, but the odds of doing it again decrease exponentially. You should better invest into something you understand if you want to double that bitcoin.

[Ebede]

You have said it all, it's actually personal for anyone, you should decide on what you want to do with your Bitcoin.
In my own opinion though, I will advice you keep the Bitcoin, it's a huge sum honestly but should be kept since bitcoin is growing rapidly.
You should get a personal adviser to check this out for you.

[Cryptogambleruk]

Can bitcoin really keep going up like this? It has to discount at some point surely...

[Alisha-k]

This forum may not be the best place to get this advice you envisage, the advises you'll get here would be basically based on the current base of every individual here which may not work favourably with yours.....

I may ask that you go into estate management and that would be because in my country, estate management seems to be more valuable and profitable than the Bitcoin investment. So you'll have to make your choice or you contact the services of a financial analyst to help you out.

After all this said, I'll still suggest that if there's nothing yet that you have concluded on, it's better to keep holding your coin other than withdrawing it to Fiat.

[worldofcoins]

This might be more personal as well confidential to we all, but if you're to share your thoughts or advice one on how to spend he's/her 1btc what would that be ?
Estate management ?
More in Bitcoin ?
Investment in the Stock market ?
Maybe your ideas might or will be helpful.

Is it necessary to spend?
If you want to make money then it's better to learn something you like, maybe do a degree if the course fulfills what you want to do.

Now if you want to spend the bitcoin to increase the bitcoins or just for the sake of spending for some materialistic comforts.
- To increase the number of bitcoins you own then it's better to invest in a business and know full well about the business, how much it can make, what will it be like in the future.

- just for the sake of spending then there are already a lot of Online shops that accept bitcoin, Buying through amazon, and paying through Bitcoin use: Purse website.

Or just sell them in an exchange for your local currency.

[Masplanc]

This might be more personal as well confidential to we all, but if you're to share your thoughts or advice one on how to spend he's/her 1btc what would that be ?
Estate management ?
More in Bitcoin ?
Investment in the Stock market ?
Maybe your ideas might or will be helpful.

You know the best way how to spend your money you can do with how you like but I know 1Btc is a lot of money. you can save some or make Investment with part of it to make more money. But you know better how to manage it .

[2double0]

Why would a person in his sane behavior even spend his/her btc during the bull run? Why can't he/she wait for btc to break new highs and then buy a GT Mustang with it?
None of your alternatives would work except adding extra to the btc you have already, it will help your children and grandchildren who may see btc at even a million dollars.

[bhooscream]

how to spend he's/her 1btc what would that be ?

I will convert half of the Bitcoin to fiats and I use it for urgent needs. I will buy a house, a car, and the rest for small businesses in real life. While another half of the Bitcoin, to keep on the wallet. Or I will sell it first and wait for the bearish to buy again for a long-term holding. Sure, I won't only put the Bitcoin on the wallet if I think selling is better at that time.