Post
Topic
Board Bitcoin Discussion
Re: What will you do if you have 5 btc
by
tranthidung
on 08/08/2021, 06:24:37 UTC
If you have given a chance to recieve 5.000 Btc what will you do?/ How you will spend your money?
How do you receive the 5 BTC is very important. It decides how you will use it. If you have to work hard to get 5 BTC, you will not use it carelessly. If you receive it from the air (from anyone else, I meant), you will likely use it very arbitrarily and carelessly.

"Easy comes, easy goes"

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1. I'll donate 1 btc to the moderators of this forum
You can but the fact is the forum can work well without further donation. It is said by theymos.

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2. I'll buy a brand-new car
Car is liability, not asset.

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3. I will make a program/group  for all gamblers
Gambling is bad because most of gamblers can not bet responsibly. It matches the saying "Easy comes, easy goes".

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4.I will make a scholarship for childrens.
It is good initiative because education changes people and the world.

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5. I will invest the rest.
If you invest 5 BTC in altcoins and don't experience the market more than 4 years, you will lose 5 BTC very easily.

My advice (if you want to invest)
  • Allocate 4.5 to 4.75 BTC for long term hodling. For 2024 or 2025 as your target to take profit.
  • 0.25 to 0.5 BTC for investment or trading.
  • I would prefer to allocate 0.25 BTC for investment or trading only, if I was you.