You should maybe send me a bitcoin I been mining for 2 weeks and not gotten a single one: ( 1QKxu66yMKZmRovgX2fjwCAPf8UnbTf9DX
Ask HN: I make $30k/month thanks to Bitcoin. What should I do?
31–35 of 35 posts
Re: Ask HN: I make $30k/month thanks to Bitcoin. What should I do?
#32If you want to maintain your wealth... I'd suggest cashing out as fast as you can.
Sure, things may go well and prices may rise more. But it's only a matter of time before governments start going after BitCoin.
Oh, wait. That started yesterday: http://venturebeat.com/2011/06/08/government-crackdown-on-bi...
Re: Ask HN: I make $30k/month thanks to Bitcoin. What should I do?
#33Blow and hookers.
Seriously though, I'd just cash out and keep your job. I'd also freeze around 80% of the money, so that you're not tempted to spend it all at once but still have play money. Have you attempted to get American citizenry? That would straighten out the main tangle there.
Re: Ask HN: I make $30k/month thanks to Bitcoin. What should I do?
#34I believe you can cash out faster than that, if you go through an identity verification procedure, but I don't know the details. Send the MtGox administrators an inquiry.
You are now at the point of having no need to work, ever again, as long as you don't squander your wealth. Your first priority is to enjoy life - do whatever you enjoy most, without regard for whether it pays. If you'd rather have your current job than have an equal amount of free time, keep it. On the other hand, you can fit a lot of hobbies and socializing into the time a day job would have taken. Whatever you do, don't sit idle, that's less fun than you'd think.
You can probably find a way to found a startup in spite of your visa status; talk to a lawyer, you can afford it. Depending on what skills you have, there are a lot of nonprofits that would love to have you - and one great thing about volunteering is that, unlike working for money, it doesn't have to come with obligations or time commitments if you don't want them. Visiting the Singularity Institute for Artificial Intelligence (singinst.org) would probably be a great use of your time.
Re: Ask HN: I make $30k/month thanks to Bitcoin. What should I do?
#35While none of us can predict the future - I think it would be silly at this point to think of BTC as anything but a fairly high-risk investment right now. Assuming you can live off this for years and not work is a very dangerous assumption. I'm not knocking on bitcoin - I think it has great potential, and some interesting things are going to happen - it's a game changer - but you need to think more near term.
Given the current values (and remember, i'ts a market) - figure out the best way to dump it on a schedule - faster than you are now, and the tax implications.
Then, just figure out what that unexpected money means to you and your life - nobody else can tell you that.
Me, personally (and I'm not you, probably not your age, etc) I'd just stick it all in the bank and keep on trucking for a while, knowing I have an awesome cushion of cash in the bank.