A large sum of money, where would you keep it?

[OCG]

I'm not rich, neither is my family. I started with 0.01BTC and with day trading have 1.68BTC, whats wrong with having a little fun anyways? But seriously, what's your point, and did you just quote to to attempt calling me a brat?

Well done! Imagine if you'd started with 1 BTC ;-)
I wish I could follow your 'portfolio'?

To get back to the original discussion, I would buy a business like an existing, money generating e-commerce site with 10-20% of the BTC and let it roll...
The rest; put 40% in gold, some in USD and the rest in BTC.

[1714939159]

1714939159

[1714939159]

1714939159

[vn10vn]

Well done! Imagine if you'd started with 1 BTC ;-)

Exactly. Rich get richer, poor get poorer, where's the decentralization and altruistism? There is none. It's just another Wall Street fueled by greed.

[EternalWingsofGod]

Cold storage on multiple USB sticks with multisig would probally be the safest way
Go with 2/3 in case one breaks and store in different locations you know

[Quora]

There are many different people in the Bitcoin ecosystem. Decentralized solutions are being developed and I hope they will be widely used in several months.

I'm not rich financially and trading is helping me acquire multimedia production equipment I needed for a longer time now while I also plan to invest and donate whenever I can. I've learned a lot from the Bitcoin community over the past 9 months and those few opportunities for entry saved my life. More opportunities are being created for people from many different walks of life.

[bl4kjaguar]

You will regret not taking a sensible position in TVIX or other VIX funds and VIX notes.

To protect your money, simply invest in protection (VIX).

It's a good time to repeat this. You should invest in protection ASAP.

[madken7777]

Gold is still the safest bet. It has been tested for over 1000 years and gold still considered money by many countries/civilization.


Bitcoin is still in its infancy stage.

[ThePurplePlanet]

NXT and proof of stake is not secure as it seems. Old stake holders who sold can produce a longest chain using there stake and reverse the chain. Same can happen with old exchanges who holded a lot of coins at some point in the history. The best way to diversify are fiat IMO or stocks or gold

[bl4kjaguar]

I would keep it on ICBIT, where you can earn 20% interest in $ terms before the year is out, without ever having to touch cash.

ICBIT thread:
https://bitcointalk.org/index.php?topic=50817.960;topicseen

[RodeoX]

Well done! Imagine if you'd started with 1 BTC ;-)

Exactly. Rich get richer, poor get poorer, where's the decentralization and altruistism? There is none. It's just another Wall Street fueled by greed.

Well, what did you think was going to happen? Bitcoin is money, that's all. There is no altruism in the protocol, it is utterly free of morality. However, there is a HUGE difference with bitcoin. Bitcoin is completely fair. That is not to say you are given anything. But both you and Bill Gates compete on the same field. He may be able to afford more than you, but he can't game the system like the rigged NYSE. NO ONE has control over bitcoin and that is the fair part.

[AcoinL.L.C]

Well done! Imagine if you'd started with 1 BTC ;-)

Exactly. Rich get richer, poor get poorer, where's the decentralization and altruistism? There is none. It's just another Wall Street fueled by greed.

Well, what did you think was going to happen? Bitcoin is money, that's all. There is no altruism in the protocol, it is utterly free of morality. However, there is a HUGE difference with bitcoin. Bitcoin is completely fair. That is not to say you are given anything. But both you and Bill Gates compete on the same field. He may be able to afford more than you, but he can't game the system like the rigged NYSE. NO ONE has control over bitcoin and that is the fair part.

Not true. Currently very easy to move BTC market. Even a million dollar flash dump of coins could move the market. Imagine if Satoshi dumped his 600,000+ coins. BTC would lose nearly its entire value.

To OP:
I wouldn't keep more than 40% of your BTC in actual bitcoins. To be completely honest I can't see BTC going above the $1000-1500 for a long, long time, if ever. Don't get greedy. Keep 5% in fiat to sort everyday bills that you can't pay with BTC just yet (IE Groceries). Keep your fiat in cash, theres no need to use a bank unless your looking for a loan. You can always cash deposit if a large payment is due. I would put 5% in BTC related investments (Such as CBTC, SCRYPT or other established crypto business's), they typically pay high returns in dividends. I would keep 15% in silver and 10% in gold, silver is typically more stable than gold, and also has a much higher potential for increase. Buy physical gold/silver and store it yourself. You can buy silver/gold with your BTC through many channels, so it would never go through a bank. I would keep 5% in the chinese Yuan which has historically performed very well, and will only increase in value as China continues to move forward into the future. I would also suggest putting 10% towards mining (I would suggest PBMine, very cheap rates and nice site). I would also keep 10% in LTC, if BTC goes up LTC will most surely follow. I would keep the last 10% in a hotwallet (use a very good password!). You can use this 10% to purchase stuff off of overstock.com, direct TV (if you are near them) and other similar places to avoid having to use fiat.



So it'l look like this:
30% BTC (Cold storage)
5% Fiat
5% BTC Related Investments
15% Silver
10% Gold
5% Yuan
10% Mining (If you purchase mining contracts with PBmining il split the referal bonus with you 50/50)
10% LTC
10% BTC hot wallet

[icezer0z]

You could send it to my wallet

[icezer0z]

I would honestly hire a lawyer or financial professional help and go the correct route. It's the right thing to do, even though it seems you are against the government and banking system, it will keep you out of any future stress, court, jail time, fines, drug overdose, possible suicide...

[AD_Infinitum]

Well done! Imagine if you'd started with 1 BTC ;-)

Exactly. Rich get richer, poor get poorer, where's the decentralization and altruistism? There is none. It's just another Wall Street fueled by greed.

Well, what did you think was going to happen? Bitcoin is money, that's all. There is no altruism in the protocol, it is utterly free of morality. However, there is a HUGE difference with bitcoin. Bitcoin is completely fair. That is not to say you are given anything. But both you and Bill Gates compete on the same field. He may be able to afford more than you, but he can't game the system like the rigged NYSE. NO ONE has control over bitcoin and that is the fair part.

Not true. Currently very easy to move BTC market. Even a million dollar flash dump of coins could move the market. Imagine if Satoshi dumped his 600,000+ coins. BTC would lose nearly its entire value.

To OP:
I wouldn't keep more than 40% of your BTC in actual bitcoins. To be completely honest I can't see BTC going above the $1000-1500 for a long, long time, if ever. Don't get greedy. Keep 5% in fiat to sort everyday bills that you can't pay with BTC just yet (IE Groceries). Keep your fiat in cash, theres no need to use a bank unless your looking for a loan. You can always cash deposit if a large payment is due. I would put 5% in BTC related investments (Such as CBTC, SCRYPT or other established crypto business's), they typically pay high returns in dividends. I would keep 15% in silver and 10% in gold, silver is typically more stable than gold, and also has a much higher potential for increase. Buy physical gold/silver and store it yourself. You can buy silver/gold with your BTC through many channels, so it would never go through a bank. I would keep 5% in the chinese Yuan which has historically performed very well, and will only increase in value as China continues to move forward into the future. I would also suggest putting 10% towards mining (I would suggest PBMine, very cheap rates and nice site). I would also keep 10% in LTC, if BTC goes up LTC will most surely follow. I would keep the last 10% in a hotwallet (use a very good password!). You can use this 10% to purchase stuff off of overstock.com, direct TV (if you are near them) and other similar places to avoid having to use fiat.



So it'l look like this:
30% BTC (Cold storage)
5% Fiat
5% BTC Related Investments
15% Silver
10% Gold
5% Yuan
10% Mining (If you purchase mining contracts with PBmining il split the referal bonus with you 50/50)
10% LTC
10% BTC hot wallet

+1 (excluding the LTC part). Needs a bit more diversification though.   

[Kprawn]

Go the Bill Gates way, and give a large portion of it away. {Then you will worry less and you can call in favors later}

Keep some for a rainy day in paper wallets, in a safe in a bank.

Keep some online for daily use.

Buy some stuff, you worked hard enough for it. {Accept if you got it through illegal means, then you will have to bend over and pick up the soap, in a Jail cell somewhere}

Whatever you do, it would be better for you, to pay your tax's and then relax worry free on an island somewhere, with a cocktail or 2. 

[EternalWingsofGod]

Go the Bill Gates way, and give a large portion of it away. {Then you will worry less and you can call in favors later}

I like that one why worry about it when you can give it to someone else to worry about it and call it in later

[TwinWinNerD]

How did this turn out? Did you sell before the big rise in price?

[morphtrust]

to the OP I would talk with someone at europac as the guy who is the CEO there has and holds the same values you do, and they take bitcoin through bitpay now to work with them, international banks that let you store your money in gold and convert it back and forth at whim and when stored in gold it is in real tangible gold that they sell to a buyer when you want to convert to fiat, also Peter Schiff was the first person I heard talk about putting a crypto together that is backed by real gold so he might be on the forefront of working on that or could be nudged by someone to move that direction.

**edit to add links for the lazy

http://www.europacmetals.com/
http://www.europac.net/
https://europacbank.com/