choose an option

[Gozie51]

a. $480,000 lottery win as payments spread over 96months(8 years) of $5k a month

On these days of uncertainty, it's best to have a stable cash flow like I'll receive this amount every month for 8 years. I can imagine my life that I don't have to get stressed out living and working very hard for 8 straight years.

I can use the time that I've got from those years into doing something else which could be another source of income or hobby or passion that I want to.

If you are picking this it will surely be an investment avenue for anyone. To get such monthly is either going to be like a bonus and not like a salary and then you can use your time for other things that can also generate money for you or it will be like loan also for that long time of 8 years. This is better than picking the total sum because you might not utilize it properly.

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[Marvell1]

which would you prefer to receive?
a. $480,000 lottery win as payments spread over 96months(8 years) of $5k a month
b. $480,000 lottery win as payment lumpsum $480k
c. $480,000 of bitcoin at(~$24k/btc buy price recent months allocated to the donator) 20btc
d. $480,000 value house
e. $480,000 value business
f. $480,000 of gold at(~$1.8k/ounce buy price recent months allocated to the donator) 266ounce

pick one and explain your rationale..
if you pick bitcoin as first choice. also pick another and explain rationale of second choice
(im mainly looking to see people opinions/rationale on choices that are made about not option C and compared to C)

Option A will be my best choice. With $5,000 every month I could buy bitcoin using the dollar cost average. Option C is not my best choice because buying Bitcoin using lump sum at $24,000 is riskier than option A because the price of bitcoin cannot be predicted. Option A also gives more room for a better investment plan and reduces the risk of wasting money on luxury, losing all your funds to hacks or other uncertainties.

But that time period is up to 8 years and during those 8 years USD will continuously lose value and BTC will continuously increase in price. Therefore, choosing option A is not necessarily the most optimal because if in the next 2 or 3 years the USD depreciates seriously, accumulating bitcoin will be more difficult for you. Meanwhile, if you receive 20BTC, you can also convert most of that BTC to other safe assets like gold to secure the value of your assets. Or you can also convert all BTC to USD and buy back bitcoin according to your plan.

[Marvelman]

I would choose this option first:
"c. $480,000 of bitcoin at(~$24k/btc buy price recent months allocated to the donor) 20btc",
and this one as the second:
"f. $480,000 of gold at(~$1.8k/ounce buy price recent months allocated to the donator) 266ounce"

I think those options are the most value. I can sell $480k worth of BTC, and invest in a business or collect interest for example, and I'll still have about 5.88 BTC left over.

I would pick option B because with it I can get all other options with at least an interval of 1year.

You didn't read the OP carefully. You can't buy 20 btc or 266 ounces of gold with $480k. At least not at current market prices.

[Marykeller]

e. $480,000 value business

I will pick option e, having a business worth $480k is a whole lot, which I know is not a single business but comprises a whole of businesses that will yield returns daily, monthly, or yearly, depending on the businesses created.

Having a pile of businesses under my control, if properly managed well will never make me and my generational bloodline to be poor in life ever again. The business created with $480k will pass over to generations to come and profits made in the long run can be used to get myself all the mentioned options with time. If there is a need for that

[sunsilk]

a. $480,000 lottery win as payments spread over 96months(8 years) of $5k a month

On these days of uncertainty, it's best to have a stable cash flow like I'll receive this amount every month for 8 years. I can imagine my life that I don't have to get stressed out living and working very hard for 8 straight years.

I can use the time that I've got from those years into doing something else which could be another source of income or hobby or passion that I want to.

If you are picking this it will surely be an investment avenue for anyone. To get such monthly is either going to be like a bonus and not like a salary and then you can use your time for other things that can also generate money for you or it will be like loan also for that long time of 8 years. This is better than picking the total sum because you might not utilize it properly.

There is an assurance that I'll get getting monthly payment so if I can think of that, and I am the type of lazy person that just want to live comfortably and effortlessly, this is going to make me a bank. I know that inflation is rising but that's still attainable and that amount is still quite huge.

But I am not that lazy at all as I am just giving some idea if this is going to be real thing. You don't have to rush waking up in the morning just to go to the office and work 8 hours a day and you'll go home til' dark and won't have time left for your passion.

[michellee]

I chose this:

c. $480,000 of bitcoin at(~$24k/btc buy price recent months allocated to the donator) 20btc

For the second option, I chose a $480,000 lottery win because the payout is spread over 96 months (8 years) of $5k per month. That's because I don't know how to manage $480,000. After all, I'm afraid I'll be someone who spends money without calculating.

By choosing A, I can still use the money for monthly expenses. I can still save the rest for urgent needs, save for the future, or buy more Bitcoin.

I'm also interested in choosing option E, but I've never started a business. I'm worried that the business won't run well and I won't be able to develop it either. So that's what I chose.

[yhiaali3]

For me, I will choose:

c. $480,000 of bitcoin at(~$24k/btc buy price recent months allocated to the donator) 20btc

f. $480,000 of gold at(~$1.8k/ounce buy price recent months allocated to the donator) 266ounce

Bitcoin is the best option for me, especially since the price is still in a good area, so owning this amount of Bitcoin at the present time will be a very successful investment.

The other option for me after Bitcoin is gold. For me, I consider gold a store of value in the long term and safer than Bitcoin. The reason is that Bitcoin is still constantly volatile and no one guarantees that if the price rises, it will not fall again, and even now it is still unacceptable in most countries of the world, so the risk of owning Bitcoin is greater than the risk of owning gold.

[jasonjm]

which would you prefer to receive?
b. $480,000 lottery win as payment lumpsum $480k

Bitcoin will be my number 1 choice.
If I have to choose from other options, I will go with the option of lumpsum $480k. Having this much amount of cash/ fiat gives you a lot of options. I can buy a few bitcoins as an investment option and invest the remaining in a start-up. Choosing the right business through SWOT analysis can give me over a million dollars in a couple of years or probably after a year.

Gold is not an option because the price is already very high. Although it is a good option for the store of value; why store the amount when you can generate millions?   

[knowngunman]

which would you prefer to receive?
a. $480,000 lottery win as payments spread over 96months(8 years) of $5k a month
b. $480,000 lottery win as payment lumpsum $480k
c. $480,000 of bitcoin at(~$24k/btc buy price recent months allocated to the donator) 20btc
d. $480,000 value house
e. $480,000 value business
f. $480,000 of gold at(~$1.8k/ounce buy price recent months allocated to the donator) 266ounce

pick one and explain your rationale..
if you pick bitcoin as first choice. also pick another and explain rationale of second choice
(im mainly looking to see people opinions/rationale on choices that are made about not option C and compared to C)

Hard choice to make from the options here considering the weigh and how useful they can be. For the lottery winnings, receiving them as payments spread over 8 years would be more consistent and allow you to budget better and also, receiving the lump sum would give you more flexibility to do what you want with the money. As for the other options, it depends on what you would want to do with the assets. Nevertheless, I would choose gold as my first choice because it is a good hedge against inflation. As inflation increases, the value of gold tends to increase as well. Yes, I know bitcoin is a very interesting and innovative technology but a very volatile asset but Gold on the other hand, has a long history as a valuable commodity and tends to be less volatile than bitcoin. It also has a more established track record as an investment.

As for my second choice, I would choose the business. Starting a business is risky, but it also has the potential to be very rewarding both financially and personally. It would allow you to be in total control of your investment.

[ultrloa]

which would you prefer to receive?
a. $480,000 lottery win as payments spread over 96months(8 years) of $5k a month

I want to choose bitcoin but will explore the other thing that can possibly give me more passive monthly income, since by having that $5k a monthly payments coming from lottery winnings then I can make sure that I can live without anything to worry in span of 8 years. And beside I can use some of the amount for investment so provably that will go to bitcoin trading or other physical small business that I can try to build for.

If I select the other options for sure this can possibly gone if some mistake committed so I will go on passive so that I will not get broke easily just like other sad story of lottery winners where they got broke because they didn't manage their finances.

[naira]

which would you prefer to receive?
b. $480,000 lottery win as payment lumpsum $480k

I want to win the lottery, because in my entire life I have never experienced what it would be like to be one of the lucky ones in the lottery. Because then I will choose option B. Where I will also receive a prize of $480,000. Realistically, with this amount I can allocate 30-40% to buy Bitcoin and the rest enjoy what I want to buy and build my dream house. Sorry if this sounds greedy but it's better to be honest.

[hopenotlate]

a. $480,000 lottery win as payments spread over 96months(8 years) of $5k a month

This is a no brainer for how I am and for the phase of life I am experiencing now : if it would happen to me I would also sell whatever I own at the moment and start travelling around the world.
I would  visit and stay in countries where the cost of living is very low, and there are many wonderful places to visit with such charaterisctic, will switch off my brain and just live the dream saving money in the meanwhile.

Eight year later I can start thinking again on what to do with the money I saved.

[libert19]

I'd choose house as it is thing most people work their whole life to own, when you own one it feels like huge burden left your head and the freedom that comes with it.

You could also rent it to make passive income with it, real estate is thing that mostly appreciates so you could sell it profitably too, returns might not be great as Bitcoin/Business/Gold but then again I'd only sell if there was real necessity.

[PytagoraZ]

which would you prefer to receive?
a. $480,000 lottery win as payments spread over 96months(8 years) of $5k a month

I'll choose the first one, point a. I thought I'd take it easy for 8 years because my wallet would always be filled with $5k. I also thought about selecting points b and c. But if I take $480k straight away, there's a chance it will run out in 2 - 3 years. If I choose point c, I will most likely be anxious if the price of bitcoin drops sharply and I will not be able to sleep well. Option a is more convenient for me

[philipma1957]

well if it is 20 btc over the business choice.

I could sell 15 btc get 510k hold the 5 btc.

and use the 510k to set up the mining business that I listed before.

basically I get the same business and two bonuses one of 30k and one of 5btc.

this would be nice for me. as i do like mining.

[CODE200]

which would you prefer to receive?
a. $480,000 lottery win as payments spread over 96months(8 years) of $5k a month
b. $480,000 lottery win as payment lumpsum $480k
c. $480,000 of bitcoin at(~$24k/btc buy price recent months allocated to the donator) 20btc
d. $480,000 value house
e. $480,000 value business
f. $480,000 of gold at(~$1.8k/ounce buy price recent months allocated to the donator) 266ounce

pick one and explain your rationale..
if you pick bitcoin as first choice. also pick another and explain rationale of second choice
(im mainly looking to see people opinions/rationale on choices that are made about not option C and compared to C)

My obvious choice would be E.
Simply because it is a business, and I am a type of person who puts of high importance of businesses. Also, I choose e because the cashflow will be in a continuum process and it will not just stop with a $480,000 because you will generate more income when you have a business. Not only that, but you will also have the chance to expand your business, and meaning to say, your income can be doubled. Personally, I think e is the best choice amongst all because you will have the full control about it unlike in lottery, bitcoin, and or gold in which things you don't have the control especially when we take about the market condition. But for me, e can be also the riskiest among the choices especially if you do not have any idea on how to run a business because there is a huge possibility that you might fail. Contrastingly, if you are a business-minded yourself, then I think e is the best choice.

[philipma1957]

which would you prefer to receive?
a. $480,000 lottery win as payments spread over 96months(8 years) of $5k a month
b. $480,000 lottery win as payment lumpsum $480k
c. $480,000 of bitcoin at(~$24k/btc buy price recent months allocated to the donator) 20btc
d. $480,000 value house
e. $480,000 value business
f. $480,000 of gold at(~$1.8k/ounce buy price recent months allocated to the donator) 266ounce

pick one and explain your rationale..
if you pick bitcoin as first choice. also pick another and explain rationale of second choice
(im mainly looking to see people opinions/rationale on choices that are made about not option C and compared to C)

My obvious choice would be E.
Simply because it is a business, and I am a type of person who puts of high importance of businesses. Also, I choose e because the cashflow will be in a continuum process and it will not just stop with a $480,000 because you will generate more income when you have a business. Not only that, but you will also have the chance to expand your business, and meaning to say, your income can be doubled. Personally, I think e is the best choice amongst all because you will have the full control about it unlike in lottery, bitcoin, and or gold in which things you don't have the control especially when we take about the market condition. But for me, e can be also the riskiest among the choices especially if you do not have any idea on how to run a business because there is a huge possibility that you might fail. Contrastingly, if you are a business-minded yourself, then I think e is the best choice.

I originally thought that. But frank1y said you get 20 btc and that it is worth 680.

so I will take that and sell 15 coins.

buy the business for 480
leaving me 30k
and 5 coins

at frank1y am I now understanding your choices as you meant?

[Lucius]

~snip~

Given that those 20 BTC will be worth at least 3-5 times more in fiat value in the next 1-2 years (if we assume that the halving and possible spot BTC ETF will have a positive effect), for me personally that option makes the most sense.

Another option would be a house, although you did not specify the condition of the house - because there is a big difference in whether it is a house that is relatively new and habitable, or a house that needs additional investments to be able to live in it or rent it/try to sell it for a larger amount.

[Yogee]

For the second option, I chose a $480,000 lottery win because the payout is spread over 96 months (8 years) of $5k per month. That's because I don't know how to manage $480,000. After all, I'm afraid I'll be someone who spends money without calculating.

By choosing A, I can still use the money for monthly expenses. I can still save the rest for urgent needs, save for the future, or buy more Bitcoin.

franky actually gave a better argument for choosing $480K lottery upfront. No burdensome money management needed when you can just put it in a savings account that yields 7% annually. You can withdraw the monthly interest for your basic necessities and side investments. When you put that into numbers then it's $480K * 7% = $33,600/year or $2,800 per month. I bet that would be enough passive income for a lot of people.

[Gaza13]

Yes, of course I chose to do business, especially option A which was enough to make me turn away too. If I accept a business of that size, of course I will manage it as well as possible, in terms of expenses and income, it will definitely make a profit. and I will expand or add another business with the profits from the first business and I will continue to do that, with income from various businesses, of course we will be successful in financial freedom, and we can also include these profits by investing so that the money works again for us.