Suppose for a thought experiment you've obtained $50 million in crypto, what would you do with it?
What would you do with $50 million dollars in cryptocurrency?
7 years ago by dana-edwards (74)
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Invest in IOTA, steem and EOS
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You'd be better off investing in CIVIC (CVC)
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BOOM! Up 3x since this post!
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I would develop a Basic Income Token for the 3rd world.
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Staking PIVX
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Leave it as is, until it can be put to "good" use.
I would try to figure out what do I really want, by going offline, perhaps for a meditation retreat or a pilgrimage.
I would study the world, in search for a challenge with a meaningful potential impact. Dedicate time and effort to reading books and connecting with people with different perspectives.
Eventually, hopefully, an opportunity would emerge.
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Build a self-sustaining village:
https://steemit.com/life/@thewisesloth/what-i-m-going-to-do-when-i-m-rich
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I would donate some of the money to my children and grandchildren.
I would remodel our big family house in France.
Also, I would be the biggest whale on Steemit, above @freedom, and I would then be able to curate 100 posts every day, as a full time Steemian, while traveling around the world.
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Besides reinvesting in other portfolios, buy an island :)
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I'd bet it all on black
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Easy come, easy go!
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I will write these in the present tense, because I've already received them. In my Minds Eye that is.
These are some of the main points I can think of in a short amount of time.
How come such a particular question? I'm curious.
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I would cash out 1-2 millions for 'urgent' needs and I'd invest 40 in the top 20 currencies and the rest in ICOs and coins just released with some potential.
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Transfer in steem , than buy randowhale upvotes for sure .
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I will build engineering schools in 3rd world countries.
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50% will go to my savings
25% will go to my parents
10% will go to a feeding program
10% will go to another investment
5% will go to my piggy bank oink oink
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Keep trading to reach $100M... "Man" how greedy we are ?(!)
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I would cash out 10 million and start a Hops farm, a Brewery, a Winery, and a Distillery. I would have fields for growing my own grains for malting, my own beets for sugar, and I would have a killer lab for growing and keeping my own strains of brewing yeast.
By this I would be able to give back to humanity, with ALCOHOL!
The rest gets invested in the top 20 cryptos
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Truth? I'll buy a big ass house then donate the rest to charity. I've always fancied myself living in a huge house. Am I crazy or what?
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Be sure to save some money for future maintenance, insurance and property taxes on that big ass house! Big ass houses always come with big ass bills to pay!
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That goes without saying :)
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Tell that to the lottery winners who go bankrupt because they buy a house that they can't afford to maintain for 30+ years...
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Not all lottery winners went broke....
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That goes without saying (which is why I didn't say that...) :)
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Aiit 👌
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Which charity?
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Childhood Leukemia Foundation. Stuff took my cousin.
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Good 😊!!
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I was just planning out what I would do with 100 million
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Diversify. Pull enough out to pay off all debt and invest in passive income generating assets. Keep the rest in various cryptos (a...
LOT
in STEEM POWER) ...and HODL!!
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I'd be a big fat huge whale on Steem lol!!!
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Cash out and buy a nice house at the beach somewhere....
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Invest in startups/companies that help eliminate poverty.
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Donate a part of it in medical research
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I will invest on steem,xrp,bts
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If I really did, how about I travel the world helping and educating those who are in need on how cryptocurrency is changing the world and how it will help, I am assuming that I actually did know something about crypto to have obtained $50 million worth.
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I would just live off of it and try to invest it so it always gives me enough to live on without depleting the capital. Perhaps indulge in a few things, but I'm a simple man I don't have too many fantasies. I suppose I could donate some money to charity every year.
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Pretty simple. I'd pay off my mortgage and student debts. Then pay strangers online to guerilla streak through restaurants and businesses of my choosing.
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A small fraction would get back to fiat currency so I could pay off all my debts and buy a small apartment somewhere. The rest would be my nest egg, hopefully providing me with financial freedom for the rest of my life. Oh, and I would be a massive whale on Steemit.
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Beside the point that I find thinking about "what to do with a lot of money" always an inspiring questions as it let you think about your goals in life - I find it specially interesting in the context of crypto.
Assuming you have put only on fraction of it into the crypto market and that fraction went up to the 50 million dollar junk. That means "blockchain" and "cryptocurrency's" are a success and you got a lot of gains. How much of the money would you really take out of that market? When is the right timing? Isn't that a sign that fiat money is in a crisis so why take out money at all?
Questions I have not yet found the right answer for but they are up in my head for quite a while.
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live freely and donate myself to conservation projects.
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I'll cash them and arrange a better place for my parents. I would be buying everything that they had wished in their lives!
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Start a Healing retreat center or 3 :) Invest enough to float it. The rest give to projects helping the earth.
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Help fellow minnows advance and know that there is hope out there, good people do exist
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