I'm gonna be getting money from selling my house, and I want to do something with it, besides spending it on women.
What would you do with $50k?
>>3122244
put it all on black
well i just hit 50k in crypto and im wondering the same thing
im gonna say crypto...
question is what coin
Put it in 0x.
all in on 4chan coin
All in on BCH before the next chinese pump
>>3122266
>>3122283
>>3122294
no
>>3122244
>>3122263
if we knew what coin was about to moon, we'd already have pumped it
Do some research on some current mid-tier coins and find something that 1. looks strong 2. not like a scam and 3. has a decent market cap
Diversify
Etc
You might get 100k in a year instead of in a week but it's alot better than pumping $50k into a shitcoin and watching it crash
>>3122410
This is good advice. Doubling my money in a year sounds pretty good to me. I'm trying to think long term. I really don't know much about coins, but have been thinking about looking into it.
Are you able to turn the coin into cash all at once whenever you want? I mean banks don't take it
Thanks anon
>>3122729
Cashing out is a pain in the ass because you're gonna get fucked by the IRS either way
TL;DR is
>Once you're ready to cash out, keep a log of transactions and the cash-out
>Move to cuckbase or localbitcoin or whatever
>trade for USD
You can sell all your BTC (or ETH/LTC/whatever) at once, the main problem is fees. I'd personally say Cuckbase is the easiest but hopefully by then there'll be other options
My best advice is: wait until a year after you spend the $50k to cash out, that way it's taxed as Capital Gains instead of Short Term Capital Gains, which is a bit easier.
Put $50,000 into Bitcoin 3 weeks ago and get $50,000 of free Bitcoin Cash.