I’d buy myself and my parents some Oculus headsets so we can hang out together in VR when I’m too far away for a visit.

Not financial advice, but what I’d do is just put it in a medium-high risk ETF. Something that should turn a decent gain in the long term but has some real underlying fundamentals unlike crypto.

Nice try bitch…

I just sold all my Bitcoin like less than a month ago. (It took me a week for it to sync before I could actually sell it. It was a royal PITA. And people say this is the future of currency?)

I didn’t have anywhere near the amount you’re talking about, but like you I don’t believe there’s ultimatley any future in blockchain.

I agree with what others are saying here. Sell it. It could well go permanently to zero at any time. Trying to time the market is how you end up walking away with nothing. Put it in, if nothing else, a savings account.

I’m not sure how much the bitcoins compare to your overall wealth, but it’s generally ok to put 1-5% into high-risk ventures. Bitcoin is worth something at the moment, because people trust that it is worth something. It doesn’t matter that you can’t really use it for anything at the moment (i.e., it’s not more efficient for transactions, or moving money across borders, and you definitely can’t eat it, or make anything with it). Given that major institutions and retirement accounts (and even countries) are investing in bitcoin via ETFs or directly, you could say that there is a level of trust in bitcoin that it will maintain & increase in price.

Long story short, it’s ok to have a small portion of your overall portfolio in a high-risk/high-reward venture. So you may consider keeping some of it in bitcoin, and converting the rest into low-cost index funds.

Too be honest I don’t see a future in any crypto except for Monero. I’m not a crypto expert but it’s the only one anyone actually uses as currency because it’s designed to be more stable and transactions are kept private.

New motorcycle

Whomever can make a single efficient CPU architecture that can handle tensor math without the bottleneck of the present CPU caches, especially the L2 to L1 bandwidth bottleneck, is about to make a massive jump into leadership in computing tech. That is likely to come from AMD or someone with RISC-V in the next 9 years. The shift in technology between 1995 and 2005 for the average consumer will be dwarfed by the change from 2023 to 2033. The change won’t be proprietary AI. OpenAI is the Sun Micro of present AI. Meta AI is in position to play the role of maybe PayPal by parallel. At present, Google is about like Macintosh after firing Steve Jobs. Microsoft will absorb OpenAI after Altmann stalls out and quits his monopoly quest, but Microsoft has no vision and the agility of a handicapped senior citizen and twice as miserly. Apple will always sell dying tech, with great software, and a pretty dress to people willing to pay a premium for the nonsense hype and worship at the church of stupid if they can’t see the pattern of Apple riding dead architectures to their grave (6502/68k/PowerPC/ARM). If they were innovators they would lead RISC-V. Dying architecture yields deprecation control and dominance over the respective fabs, running them into the ground, while also having the advantage of well documented and shaken out hardware that no one has pushed to its true limits like what Apple can do. Apple will likely remain the most sound way to prevent inflationary losses.

I’d love for China to recognise the opportunity of open source to disrupt the US status quo of market manipulation to milk stagnation for profit.

This is the coming major opportunity space where the dominant winner will largely shape the future.

However, given the dystopian nonsense of the USA, people like the Roman analogies, I’d say now is the time to get ahead of the market and buy property in Istanbul, wherever the money is going to travel when they all abandon the Italian peninsula after the consolidation of wealth leads directly to populism followed by massive civil wars. Fools side with the Caesarians or Pompeian factions. Smart people get the hell out of dodge. The billionaire prepers are building bunker island Hawaii; a likely fortress outpost with a sizable moat.

I had to do a double take, I thought you said a 5 figure amount of BTC at first.

Cash it all out and shove it into a high yield savings account, or use it to increase contributions to your retirement accounts if you don’t have any immediate need.

Whenever I have got a big lump sum of money I get worried, I have put it into my savings account to not accidentaly spend the money untill I know it is mine, just incase it was given by mistake.

So let’s say that I had mined 12BTC right when bitcoin was started.

That would be worth 765702 Euros today…

I’d probably sell it off in peices, which would probably lower the value since I am flooding the market in a relatively short ammount of time.

Then I’d have to report my profits to the tax man, and since I didn’t buy the BTC I’d have to check with them how exactly to report it, if it is anything like stocks where you don’t know the purchase price, I’d have to pay 30% tax on 80% of the total ammount sold.

So for simplicity lets say that I managed to get 700 000 Euro for my 12BTC, I would need to pay tax on 560 000 Euro, meaning I would pay 168 000 Euro, giving me 532 000 Euro to play with.

Untill I got the all clear from the tax office, I would not touch the money.

I’d put 400 000 Euro into my retirenment right away, and use 80 000 Euro to try my luck at investing in lobg term funds.

I’d then have 56 000 Euro as fun money…

Most of it would just stay in my savings account, increasing my buffer, but I would spend part of it on a new camera and lenses, new monitors for my home computer and a new Ducky keyboard.

Nothing huge.

I’d pull it all out and invest into ETFs or maybe some individual stocks or REITs with high dividends. Maybe AA+ and higher rated bonds, if there’s anything with a decent yield out there.

I’d listen to your wife.

If you have enough other investments to be comfortable, don’t especially want to change retirement timeline etc. and your wife is fine with it, I’d keep it as a potential hedge against a depression that crashes the value of index funds. I would not split it between whichever small crypto projects can sell you a convincing narrative that they have ‘moon potential’ when your financial circumstances mean you don’t really need that anyway and that is specifically what would open you up to the ‘scamminess’ of crypto.

I got a ~6k Dogecoin windfall a few years back. (Found the coins I bought in 2014 at <0.1c, sold at 25c)

I think I put like 1k into my more conventional investments, blew like $2k in indulgences (new GPU, collectibles), and set most of the rest aside for the revenuers.

You’re on track for early retirement. You’re likely well-disciplined.

Take this windfall, or at least some part of it, for something to enjoy. A holiday, a reasonable new vehicle if you drive (I.e not a luxury car of course), or maybe home improvements. Hell, make it a classic car that appreciates in value and only drive it on the weekends in the summer.

You can’t take your money to the grave with you and none of us truly knows if we’ll even make it to retirement. It’s great that you’re disciplined financially, but you should also enjoy life while you’re still young.

OR throw it all into whatever you’re currently investing in, and retire a year or 2 earlier. Idk.