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Author Topic: Suppose you own a Bitcoin now. So what to do?  (Read 250 times)
SmartGold01
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January 12, 2024, 11:35:10 PM
 #21

Snip

If not an apartment, but a business that I think which can earn good income.
Because buying a house or a car/bike, won't give you income on a regular basis.
So you need to be smart on this, otherwise, such amount will just disappear without making the most out of it.
Money is fast when you really spend it. Find something that will give you passive income so you won't be agitated with your financial needs.

House for rent is a good business, it gives you money at all cost and house is a solid investment where you don't need to be afraid of your goods bought either to be expired within some duration or not provided that everything in the house is working perfectly then you can rent it out to people to live then you will be paid for it.. a building that would be purchased with a bitcoin is huge enough to be giving you constant income be it monthly or yearly it's almost classified as an everlasting investment even though you aren't there tomorrow you children could take over and so on. Buying cars puts us in a lose and I won't suggest that for anyone who is wanting to expand her financial inflows.

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wallet4bitcoin
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January 12, 2024, 11:43:10 PM
 #22

Before today, I would have still held onto my Bitcoin as one of my greatest investment decision is to buy more Bitcoin but right now, with the turn out of the price even after the ETF approval then buying of landed property will not be out context.

At least the landed propert appreciates more, might be slow and steady but without manipulations.

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batang_bitcoin
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January 12, 2024, 11:44:20 PM
 #23

If not an apartment, but a business that I think which can earn good income.
It looks like that most of us here are business minded and continuing our journey after we've been investing into Bitcoin. I guess that all of these ideas have been developed because we've stayed for Bitcoin.

Because buying a house or a car/bike, won't give you income on a regular basis.
With house, you've mentioned about apartment and that's what you can also do with it, to rent it out. And having a bike, it doesn't mean that you need to have a regular income from it but if you think that it is the reward that you deserve then you deserve it. Otherwise, you can also use that for having a sharing ride that will pay you.

So you need to be smart on this, otherwise, such amount will just disappear without making the most out of it.
Money is fast when you really spend it. Find something that will give you passive income so you won't be agitated with your financial needs.
That's true, we need to be wise as money are just coming and quickly spent when it's on our hands.



 

 

 

 

 

 


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G_Besar
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January 12, 2024, 11:51:24 PM
 #24

In your country, what can you buy with 1 BTC? I'd like to see the nice things about your country.

If I own one bitcoin, then I will buy a duplex house.

What can you buy there if you own Bitcoin now? Or what do you buy?

@LoyceV bro made one such post on October 17, 2021. It was good to see the post, so I also exchanged a little opinion with you.
@LoyceV brother's post can come and see if you want.
Link:https://bitcointalk.org/index.php?topic=5366161.msg58203314#msg58203314
@LoyceV bro made the beautiful post when one bitcoin was 60810$.

In my country currently 1 Bitcoin can be enough to buy a house unit that is not too luxurious but can have a fairly high level of comfort because the type is quite spacious. However, if you want to buy a car that is not too luxurious and a simple house in a village, you can also just buy one unit of Bitcoin based on current prices. So I hope that everyone out there will also think that Bitcoin has become very useful with its value being very fantastic because you can buy a car or house just by having one unit of Bitcoin.

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January 12, 2024, 11:55:19 PM
 #25

If I own 1 BTC and I can actually buy a house in my location with a part of the money, I might do it and know that I no longer have any problem with a place to stay. That would be a good achievement for me.
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January 13, 2024, 04:52:40 AM
 #26

In your country, what can you buy with 1 BTC? I'd like to see the nice things about your country.
If given a chance to have 1 Bitcoin to buy something I think I'm gonna go for a $7,000 worth of a house for me and my family since extended family and typhoon is common here in my country. The rest will be intended in buying gold coins and real estate for me and my family's future. I will also buy something cheap for home defense purposes.



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January 13, 2024, 08:31:01 AM
 #27

today, I think having 1 bitcoin is already a very large asset. In my country, we can already buy a luxury car, or a pretty nice house with 1 bitcoin. the price of 1 bitcoin currently stands at $43k, and I think, in any country, that is quite a lot of money. At least, we can own some property with it. However, if I had 1 bitcoin, I would probably continue to hold it, especially as the upside potential for bitcoin is currently quite high.

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January 13, 2024, 09:11:58 AM
 #28

~snip
People who suddenly and accidentally receive a large amount of money (be it a lottery, a jackpot in a casino, or a successful investment in bitcoin) immediately begin to spend it on various junk. A man who gets rich quickly becomes a poor man just as quickly.

Given 1BTC, I wouldn't spend it entirely on overpriced houses and motorcycles. Maybe it’s better to try to maneuver between price and quality ratio? A home and a means of transportation are a necessity that should not become a luxury. Both the house and the motorcycle (or car) could be chosen to be more practical and cheaper, while still saving more of that 1BTC as an investment for the future. 1BTC now could become much more valuable in the future than it is now. Is it really necessary to convert an asset that is becoming more expensive into items that are becoming cheaper day by day?

Extravagance is a direct path to begging.

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January 13, 2024, 09:12:08 AM
 #29

But knowing that this kind of thread already exists, I see no reason for creating another one to me, I don't know what other members sees concerning this, there's no need making a repetition on what has already been discussed, maybe things like this could be one of the reasons we termed some post as spamming, not even when you're aware of the existence of such thread, which means you're intentional about it, I will suggest you lock the thread.



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[15.00000000 BTC]


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January 13, 2024, 09:24:14 AM
 #30

At current prices, one bitcoin is a significant amount of money, but it's not enough to give me financial freedom, so I won't spend it on anything. Therefore, if I own 1 bitcoin, I will continue to hold it and find ways to increase that number of bitcoins instead of selling it just to own a house, car, phone...Additionally, I will look to increase the amount of bitcoin I have and wait for the right time to sell some to make ends meet. I will always leave and hold some bitcoins for the future, I will never sell them all.

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