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Current Events > $1M in USD right now or $5M in bitcoin at the current value, but you can't...

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McSame_as_Bush
11/27/24 12:56:36 PM
#1:


hmm

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Error1355
11/30/24 7:26:57 AM
#2:


Wild that this topic has 33 votes but zero replies, lmao.

BTW I picked one million today.

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party_animal07
11/30/24 7:35:11 AM
#3:


I'll always pick the smaller sum today.

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ShadowMan033
11/30/24 7:37:11 AM
#4:


Will the bitcoin appreciate or depreciate?

If its a guaranteed $5 million in 5 years no fluctuation, I might wait it out. If theres a chance it could be worthless give me the $1 million today

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SpawnShadow
11/30/24 7:39:03 AM
#5:


I'm reasonably certain that I won't still be alive or free five years from now, and I despise crypto in general anyway, so I'll take the million today.

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megamanfreakXD
11/30/24 7:41:11 AM
#6:


1M in USD. I don't care how much bitcoin is. It is too volatile and holds no actual value whatsoever.

If I put 1M into VOO today with 10% gains every year, that's 100K a year as long SP500 continues to rise.

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Yomi
11/30/24 7:41:46 AM
#7:


My mind makes me want to go for the second option as I don't think bitcoin will go lower than 20 cents in 5 years. But I can make it work with 1 million dollars today easily, especially if I stay in my country, so I'll go with that lol.

For context the apartment I'm living in costs around 5 million dominican pesos right now which is not even 90k USD.

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saspa
11/30/24 7:54:42 AM
#8:


Error1355 posted...
Wild that this topic has 33 votes but zero replies, lmao.

BTW I picked one million today.

As someone who never votes in polls, I'm trying to wrap my head around there being 30 lurkers on this board to vote in a poll and not comment and something just doesn't add up, it's not possible.

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creativerealms
11/30/24 8:00:07 AM
#9:


I won't risk five million in bitcoin.

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Tom_Joad
11/30/24 8:02:03 AM
#10:


Get the $1 million.

Convert it to euros.

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LearntoRead
11/30/24 8:03:00 AM
#11:


Bitcoin is a scam and I refuse to think otherwise. Give money.
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2Pacavelli
11/30/24 8:23:01 AM
#12:


Are they both tax free?
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ai123
11/30/24 8:31:49 AM
#13:


I don't plan on trafficking or money laundering in the next five years, so I'll take the USD.

Crypto is for wankers.

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BloodyBenten
11/30/24 8:32:00 AM
#14:


Give me the Bitcoin.
I can say with high confidence BTC isnt losing 80% of its value in a five year span.
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R_Jackal
11/30/24 8:32:50 AM
#15:


I mean with how I live 1m USD basically sets me for life, so I'll do that.
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BloodyBenten
11/30/24 8:38:39 AM
#16:


R_Jackal posted...
I mean with how I live 1m USD basically sets me for life, so I'll do that.
If you need any more than maybe $40k a year to sustain yourself youll have a difficult time without touching the initial million or involving potentially riskier (and tougher to trade) higher yield things like busted preferreds.
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R_Jackal
11/30/24 8:43:58 AM
#17:


BloodyBenten posted...
If you need any more than maybe $40k a year to sustain yourself youll have a difficult time without touching the initial million or involving potentially riskier (and tougher to trade) higher yield things like busted preferreds.
I was homeless for a good while, entertainment included my living budget for the last several years is sub 20k a year lol
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Nunyobidness
11/30/24 8:54:20 AM
#18:


I could really use the money now. Given the potential for economic volatility with dipshit about to take over, having a nest egg to fund survival or escape would go along way towards settling some of my mental distress.
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Dynedux
11/30/24 11:24:10 AM
#19:


If anything the dollar is going to be devalued over the next 5 years

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kirbymuncher
11/30/24 11:26:32 AM
#20:


ShadowMan033 posted...
Will the bitcoin appreciate or depreciate?
I think this is the entire point of the topic lol

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CADE_FOSTER
11/30/24 11:28:20 AM
#21:


I would be shocked if America is around in 5 years so i will take that 1 mill and leave this country
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SuperVegitoFAN
11/30/24 11:28:37 AM
#22:


Ill take the ready and able money.

Im not sure i trust the whole bitcoin thing, and i dont want to get involved.

Its a LOT of money regardless.

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Mussurana
11/30/24 11:31:11 AM
#23:


Gimme money.

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emblem-man
11/30/24 11:32:02 AM
#24:


A bird in the hand is worth two in the bush

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Tyranthraxus
11/30/24 11:36:58 AM
#25:


1 million in index funds would probably end up being pretty close to 5 million in five years but without the anxiety of watching Bitcoin swings or potential compromises in security.

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Kaldrenthebold
11/30/24 11:38:14 AM
#26:


It's my money, and I want it NOW

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Thermador446
11/30/24 11:40:33 AM
#27:


I need money right now, 1 million would solve a lot of my problems

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argonautweakend
11/30/24 11:47:49 AM
#28:


One million today. Bitcoin has shown over time it is likely the better bet, but there is still risk involved and i wont take the chance.
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BloodyBenten
11/30/24 12:02:46 PM
#29:


Tyranthraxus posted...
1 million in index funds would probably end up being pretty close to 5 million in five years
Do you have any example of a five-year span of the total US market or any well known index fund with a 400% return, or any kind of analysis to support this idea for the next five years?
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Tyranthraxus
11/30/24 12:03:16 PM
#30:


BloodyBenten posted...
Do you have any example of a five-year span in the US stock market with a 400% return, or any kind of analysis to support this idea for the next five years?

Nvidia

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BloodyBenten
11/30/24 12:04:23 PM
#31:


Tyranthraxus posted...
Nvidia
But you said index funds. Not Nvidia.
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Tyranthraxus
11/30/24 12:08:49 PM
#32:


BloodyBenten posted...
But you said index funds. Not Nvidia.
Ok I didn't really mean index funds. I meant the underlying high performing companies that make up the index funds.

Most recently if you bought into ARM's IPO you already made 163% returns for example.

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Dark_Koopatrol
11/30/24 12:19:11 PM
#33:


Bitcoin
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BloodyBenten
11/30/24 12:20:08 PM
#34:


Tyranthraxus posted...
Ok I didn't really mean index funds. I meant the underlying high performing companies that make up the index funds.

Most recently if you bought into ARM's IPO you already made 163% returns for example.
Index funds track the whole market or specific subsets/sectors. Not individual stocks.

if you have a reliable way to pick stocks with 5x return over a five year span you should get a job on Wall Street and start doing it professionally. You would quickly become one of the worlds most renowned traders.
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Kingmuscle131
11/30/24 1:08:08 PM
#35:


1 million today. i can make all sorts of use of that chunk, and thats before i even get to dumb fun stuff.

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Bass
11/30/24 1:10:04 PM
#36:


Give me the money today. It will be easy enough to grow into even more if you invest it and leave it alone for a while.

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rick_alverado
11/30/24 1:22:49 PM
#37:


The money now, easy choice for multiple reasons. Firstly ethical reasons, I don't want to take part in cryptocurrency. Secondly, I could really use money now as I need to move soon and I can't afford anywhere. Thirdly, with that amount of money I would never have to worry about money again.
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ReturnOfDevsman
11/30/24 1:47:25 PM
#38:


party_animal07 posted...
I'll always pick the smaller sum today.
This is the correct answer if you win the lottery, but the question here is, do you think Bitcoin will never reach 1/5 of its current value again.

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apocalyptic_4
11/30/24 1:50:32 PM
#39:


I'd take the million bitcoin has no real value and I honestly think it won't exist 5 years from now. I can re invest the million into much better investments.
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Goldenguy
11/30/24 1:52:08 PM
#40:


LearntoRead posted...
Bitcoin is a scam and I refuse to think otherwise. Give money.


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Spiderman23J
11/30/24 2:00:59 PM
#41:


Bitcoin easily

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Unknown5uspect
11/30/24 3:06:12 PM
#42:


A finger in the bush is worth two in the butt or whatever the saying is. Gimme the million.

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BeefEaster
11/30/24 3:11:58 PM
#43:


One million now. I'm too old to be waiting 5 years for something.
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Aysander
11/30/24 3:14:01 PM
#44:


1m USD, invest it immediately, continue doing my job for at least 5 years and then hope it's enough to live off of for the rest of my life.

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