Re: Need major help - PLEASE 1600 BTC

Here's what I woul do:

-Sell for cash (lucky you, it 's a lot of cash): 20%
(I would wait for best price, probably in vacation when people have more free time the demand and price will go up)
-Invest 10%
(stock markets, Bitcoin investing, whichever you prefer. I personally like NASDAQ, but that's just coz I'm kinda geeky...
-Trade for LTC: 10-15%
(probably going to increase value in the next few months)
-Trade for gold: 5-10%
(always a stable value)
-Maybe buy a bit of Primecoin , Peercoin etc.: 0.5% to 1% each.
-Save the rest (at least half) if you don't need the money right now.

I wouldn't mind some tipping Wink

199C1VPWK6GSsHjsHagn4Pj9zRAb5P9YWr

thank for the help buddy but, If I have to cash it out I rather buy a flat in Chelsea and leave on rent. To pay for my son wedding and to have a home when I die.

Should I just buy and sell use the Mtgox and use the feature to buy and sell the coins at certain price?

Honestly I think the reason why LTC is going up is because people are investing hoping for the same thing to happen like BTC but I think the reason why LTC wont go up is because no active drug site will use them. Atlantis was the only one and when they were in operation the price of LTC grew. I think if was to get implemented in a site, it will increase the value. But I dont know it may work like magic for the LTC, I think namecoins has a better chance if it was used alongside PGP.

Gold is a good idea. I could also keep that in a bank safe. But I could get more money just buy renting the house or even giving my money to the bank.

Do you think the BTC has reached it peek at $1,215?

I understand the way you see it.

Here are my main concerns:
.
Mtgox will literally rip you off with fees. So will bitstamp. I beleive you already know that, so here's my solution Find a local dealer and see if you can negotiate fees with him, based on the large volume of BTC you are willing to exchange. You're probably best off like that.

The flat idea sounds great, but I wouldn't do it unless I can find someone who will accept BTC's as payment. Again, passing BTC's to cash will fry you in fees, so see if you can find a dealer working with bitcoins.

You are making a good point on the durg market affecting the value of Litecoins. The way I see it, Bitcoins have reached such a high price that public is shifting towards more affordable cryptos'. Whether they do it hoping for their value to rise or for the sake of convenience, we would have to run a poll around here. But there is no doubt that, if the LTC demand rises, the early bird gets the coins.

As for the peak 1 at 1215, it depends on how much of a long term you are willing to work on: My beleif is that during vacation, and especially with Christmas sales having already started in some places, the price of the bitcoin will go up. If you want to work on a monthly basis (short term), BTC will probably reach that price again by the end of this year. If yoo want to work on a yearly basis, then certainly BTC will surpass 1215 a year from now.

Hope it helps you make up your mind!

P.S. I took the liberty to check your balance, congrats on such wise investing!

199C1VPWK6GSsHjsHagn4Pj9zRAb5P9YWr

I love this too,

You are right they are expensive but if I just used Bitstamp just to buy and sell my coins, when the coins are cheap and sell when they are high. Put the money aside like in a new wallet and cash that profits out to buy my parents a house or myself a new development project of flat. So the flat not ready and give them my funds as deposit and when the flat is ready I would have bought for much cheaper the flat. Then I would not have to worry paying in BTC ill pay in £. But I know the fees are a killer.

Also in regards to local dealers I dont trust them. I would be lucky if I make alive when they see me. But LTC could be the future, If this and namecoin was to be implemented in a drug site it would make the price rocket at least to the £70 or £110 mark maybe. I also believe that the use of namecoins would make harder for LE to obtain the money, so may be this is better to invest in?. LTC is the same as BTC it just has a different name and right now it going cheap. I think Atlantis (ex number 2 drug site) was the only site that used LTC and now they are not here any more, so the price may be stable till then. I also believe that was the reason why LTC was worth more then a dollar. I also think that LTC is gone up only because investors believe that it shoot up just like BTC and is very likely to hold as it will stay stable and also when then biggest investor has sold their LTC they big a panic sale and other people who have paid more for them now would lose out. Am I right? . But we all know in our hearts that BTC increase in price had allot to do with Silkroad and for the sake of LTC Atlantis could be the reason.

I really like your critical analyzing and style of smart thinking. I could just hold on to them and just wait more. But I do agree with you that the drug users need their medication and this should increase the price of the BTC, as it does every year. In that case I am better of buying more with the money I have left over. But I have faith in BTC. Every time I see the market crash it always come back much stronger. I think this like the 4th time.

What do you think mate. Am I wrong?