I have 1600 bTC. I dont know what to do with them. Should I take them out or should I keep them? I had the coins since 2012, I had over 5,000+ but all I can remember is this account. The best advice will get some of my coins. Please let me know what you guys think. I was thinking the following:
1 - take the coins out via MTgox or bitstamp as I have registered with them and pay the 5,000 commissions to cash my coins out
2 - set up my own site via a PHP developer and cash out
3 - use the coins I have to buy and sell, i.e. buy high and sell low in the market (could have made $300,000 today)
4 - buy items with the goods and sell them in real life
5 - make my own site like localbitcions and pose either as seller or just use localbitons services
6 - start my own bit coin gabling/betting site
7 make my own bitcoin currency
8 spend my money on LTC and namecoins
I have a few more ideas but I think these were the best. I live in UK and I think there a tax law comes in to place in January. But the coins usually go even higher then you can think when there is a crash. But if the tax law comes it mean for sure BTC will not be anonymous and therefore lose one it highest traitors, maybe namecoin will be market leader one day?
Please justify what you say and I know you guys are smart are there so, tell me what you would do if you was me. If we go with option three I will pay up to 20 people to give me advise when to buy and sell and give them all a very small cut of the profit. I am also stable I dont need house or anything. This is change I have that I want to use to change my family life before I die.
I can suggest you several legal ways. You can pm me with your freenode info to talk about it. Here are some ways to get you started.
a) Buy money making assets that will make you money on autopilot for months to come. Money will come via fiat, so that will be legible income. Sites such as flippa.com sell profitable websites at the right prices, but there are better options how to buy websites. I know how to do it the right way because I've been buying and selling websites since a long time. I have major online marketing background with 5+ years of experience.
b) Acquire a lot of cards (I can tell you which ones are best) and accumulate them. Then sell them slowly over years or even use them to buy stuff. Those cards will always stay the same in terms of fiat value, so no risk for you or your family.
If you are interested, let me know