If you would win a large amount suddenly, like a jackpot or a lottery, what would you do with the money? Especially if the money is coming to you suddenly, unexpected, and you were not prepared to win such large amount.
Let's say you would win something like 200 BTC or more, which I have seen many gambling websites payout from time to time. What would you do with it?
1) You would gamble with it again, trying to multiply the bet, to get even more money
2) You would withdraw the money, and invest it into some financial investment: maybe some cryptocurrency investment, maybe some fiat investment
3) You would spend it:
A) Buy a car or a house
B) Spend it on women or wife
C) Spend it on your kids
4) Donate it to charity
5) Start up a business
6) Hold it in Bitcoin
7) Other
200 btc is a very big amount for me. I will never collect it in my whole life with my recent job. But, if I had it, I would keep it as bitcoin. I will convert those bitcoin to my local currency, little by little, because I do not want to attract the attention of the bank.
Let's keep that dream alive!
First off, you are a pretty lucky guy to win that amount. The points mentioned above are all good, but I think I would first use the power of that money to multiply it, basically, I would maybe put up a business which I can run with high chance of success. Also, I would like to spare some for charity and/or education, I put premium in studying and learning something new every day. Also, it would not be a bad choice to help others with your money, since there are a lot of people in need.