Post
Topic
Board Speculation
Re: BTC is about to be $5K-$8K ++
by
jaredboice
on 31/10/2015, 17:23:05 UTC

But even $100.000 isn't a life-changing amount, sure, it's nice to have, but it's not like you can stop working after having $100.000 And wasting it on a car/house/holiday is stupid.

I might invest it to start a company or something, and in that way it might be lifechanging, but even than investing all of it would be risky. So i'd probably only risk a small portion of it.

$1M might change my life a bit. I will use half of that to improve my quality and invest the rest. Maybe 25% in bitcoin, and 25% in stocks and shares.

$1M ? Are you serious

he has 0.35 BTC LOL

Seriously in what 3rd world country do you live that you can get anywhere with less than 1 million dollars?

Even $1,000,000 isn't a lot of money anymore these days.

I guess that all depends on your lifestyle.  For most people, making $50,000 a year (or equivalent in whatever country you live) represents a decent annual sum for the average middle class citizens (and for lower middle class citizens, that's actually a lot). $1,000,000 means that person could comfortably live for 20 years without working a single day.  Of course, that assumes there'd be no inflation and it also assumes that person wouldn't be working.  If he or she was smarter with the money, a portion of it could be invested a good bit in themselves and used as capital to start their own business and be their boss.  And they could do it all quite comfortably for several years, long enough to grow a business through the initial hard years.  Within a few years of hard work doing what they love, they'd still have well over half of that money left with a very comfortable trade that they enjoy. If done right, such a person might possibly never have to worry about finances ever again cuz they'd be completely set.

So yes, $1,000,000 could definitely change life and probably for most people.

If you're used to living flying first class every where you go and eating at first class restaurants and buying the biggest house on the block, then maybe not.  But I digress