Re: Borrowed $1,000,000 (1 million dollars) from my dad to invest in BTC (serious)
Hi Dafar,
Well done with securing that arrangement with your father.
1. I (personally) do not think this is "stupid" concept. Note this is my opinion and does not reflect the views of ANX.HK.
2. With appropriate verification, we can offer you generous limits which would satisfy your requirements.
3. [I have sent you a private message]
4. I unfortunately do not specialize in US taxes, though we may have to cautious of the FATCA regime next year, for our US customers. Right now however there is no regulatory obligations on our behalf.
Cheers,
Asia Nexgen - Your Bitcoin Connection
ANX.HK
Well done with securing that arrangement with your father.
1. I (personally) do not think this is "stupid" concept. Note this is my opinion and does not reflect the views of ANX.HK.
2. With appropriate verification, we can offer you generous limits which would satisfy your requirements.
3. [I have sent you a private message]
4. I unfortunately do not specialize in US taxes, though we may have to cautious of the FATCA regime next year, for our US customers. Right now however there is no regulatory obligations on our behalf.
Cheers,
Asia Nexgen - Your Bitcoin Connection
ANX.HK
Anyone know if this dude is legit? I feel like I'm being scammed.
Well, taking you at your word, I'll say this much, before you buy $1m worth of bitcoin with your dad's money (if you end up deciding to actually do this), you better be goddamn sure you know how to secure bitcoins.
I currently have some BTCs in coinbase that I bought with my own money. Is it not secure? I still don't quite understand the concept of putting it in a "wallet" that resides in your harddrive.... I feel like that is more risky. What if the file accidentally gets deleted or my computer crashes?
Haha, if you are not trolling congrats on having the capital. HOWEVER don't just put it all in, buy slowly and even look into buying on here with trusted users, not to inflate the price. You don't want to lose more than you can afford to.
If I were in your shoes, I wouldn't invest the million. Why not try at 100k, have you ever thought of getting into trading? Spend some on professional training to become a better trader. Also don't lie to your Dad about it, he has put trust in you for this startup, why not think of actually setting up a startup? Hell, you could even buy some btc in bulk and set up a site to sell it like bittylicious or even on here.
A lot of people would love to be in your shoes, but not if you lose value. 1 million in BTC can very quickly see higher losses as well as profits. Think this through, take the advice of others and make your own decision.
best of luck
If I were in your shoes, I wouldn't invest the million. Why not try at 100k, have you ever thought of getting into trading? Spend some on professional training to become a better trader. Also don't lie to your Dad about it, he has put trust in you for this startup, why not think of actually setting up a startup? Hell, you could even buy some btc in bulk and set up a site to sell it like bittylicious or even on here.
A lot of people would love to be in your shoes, but not if you lose value. 1 million in BTC can very quickly see higher losses as well as profits. Think this through, take the advice of others and make your own decision.
best of luck
I don't really want to day trade, like I said, I rather buy at the price it is now before it slowly starts going up..... not only is that lost profit but it would make it more likely that the price will go down. Right now I feel like it has to at least surpass where we already were. Of course no one knows but it's just my gut feeling.
Why not invest in a startup? I have nothing in mind... no opportunities at all. BTC might be the only way I will "make it big" in life. I feel bad about lying to him but if I actually make a lot of profit I can tell him the truth and he will forgive me.