Topic: I've made 600k in Crypto - When to call it quits - page 11. (Read 15521 times)
Why go all out? Take as much profit that you're comfortable, and continue playing the market.
My recommended are you should be devide to 3 part: Part 1 sale take profit, Part 2 you continue hold, and Part 3 convert to other coins type to diversity your investment portfolio.
You must call it quits and sell whatever you have and pay your taxes.
It is not easy to trust this as it is a very strange profile for someone so new.
Really? Why quit if you are doing good and it's not like you've got it from casino game that if you have made profit, know when to quit. You've made it from investment/trading. Cash out some from time to time even if you don't need it so atleast you won't regret if unfortunate things happen then continue on what you are doing again.
Some cool achievements you've made so far. It's your choice to call it quits though... But then weigh your options and mke the best of decisions.
It is the right time to quit because the price is coming down and before it down more sell all of your bitcoin and start any regular business. That will be much better. Bitcoin is now 100% gambling. There is no guarantee for increase in the price same as you cannot say about the winning of the bet. You can win or lose all your money just in seconds.Hi Guys
I've been in the crypto scene for many years now, first time post here over a dilemma I am facing.
So, I am fortunate enough to make 600k from buying and trading Bitcoin and other crypto assets, and I don't know what to do with the money. Personally I think this is the year I will become a millionaire, as I can only see the marketcap of all coins growing. But friends close to me think I am an idiot for not selling yet, and if it were to collapse to zero, I would never forgive myself. But they don't know the market like I do, and I do believe that it is only the beginning. They say I should sell 95% buy a house, a car and live a nice lifestyle. I am frugal, have always lived within my means and never spent any crypto money as of yet, but I am tempted to start spending some of it now. I am 26 years old, rent an apartment and drive a car worth less than most peoples pushbikes.
My portfolio currently looks like this....
43% Raiblocks
40% Oyster Pearl
5% Enigma
4%Dash
1.5% Bitcoin
and tiny holdings in Waves, Lisk, Stratis, Game.....
I think that both XRB and PRL can double easily this year.
This is not based on greed btw, I want to make enough money so I can buy my siblings houses and see them mortgage free.
What would you do if you were me? When do we call it a day and give up trading?
Many thanks for your help in advance.
I've been in the crypto scene for many years now, first time post here over a dilemma I am facing.
So, I am fortunate enough to make 600k from buying and trading Bitcoin and other crypto assets, and I don't know what to do with the money. Personally I think this is the year I will become a millionaire, as I can only see the marketcap of all coins growing. But friends close to me think I am an idiot for not selling yet, and if it were to collapse to zero, I would never forgive myself. But they don't know the market like I do, and I do believe that it is only the beginning. They say I should sell 95% buy a house, a car and live a nice lifestyle. I am frugal, have always lived within my means and never spent any crypto money as of yet, but I am tempted to start spending some of it now. I am 26 years old, rent an apartment and drive a car worth less than most peoples pushbikes.
My portfolio currently looks like this....
43% Raiblocks
40% Oyster Pearl
5% Enigma
4%Dash
1.5% Bitcoin
and tiny holdings in Waves, Lisk, Stratis, Game.....
I think that both XRB and PRL can double easily this year.
This is not based on greed btw, I want to make enough money so I can buy my siblings houses and see them mortgage free.
What would you do if you were me? When do we call it a day and give up trading?
Many thanks for your help in advance.
If you have made some crypto then he only advice is to sell half and play with half.
Diversify your investment. Cash out half and keep half or pick and choose on the projects you want to keep them for long term.
It is also right. You can split your investment. Sell some bitcoin and buy some other Altcoin. If the price is bitcoin down more you will be safe to some extent because may other crypto will give you some profit, therefore it is good to sell some bitcoin and invest in any other coin. The price of bitcoin is so volatile that you can make or lose thousands of dollars in seconds.
Good if the money you use to invest in crypto pretty much. Even if you have more capital you have to buy some more of the best coins you invest in the long run. If all the coins you have got the price have gone up. You can immediately sell it immediately before the price goes back down again. But if one day the price drops again, you must immediately also to buy it back.
Diversify your investment. Cash out half and keep half or pick and choose on the projects you want to keep them for long term.
Some cool achievements you've made so far. It's your choice to call it quits though... But then weigh your options and mke the best of decisions.
Hi Guys
I've been in the crypto scene for many years now, first time post here over a dilemma I am facing.
So, I am fortunate enough to make 600k from buying and trading Bitcoin and other crypto assets, and I don't know what to do with the money. Personally I think this is the year I will become a millionaire, as I can only see the marketcap of all coins growing. But friends close to me think I am an idiot for not selling yet, and if it were to collapse to zero, I would never forgive myself. But they don't know the market like I do, and I do believe that it is only the beginning. They say I should sell 95% buy a house, a car and live a nice lifestyle. I am frugal, have always lived within my means and never spent any crypto money as of yet, but I am tempted to start spending some of it now. I am 26 years old, rent an apartment and drive a car worth less than most peoples pushbikes.
My portfolio currently looks like this....
43% Raiblocks
40% Oyster Pearl
5% Enigma
4%Dash
1.5% Bitcoin
and tiny holdings in Waves, Lisk, Stratis, Game.....
I think that both XRB and PRL can double easily this year.
This is not based on greed btw, I want to make enough money so I can buy my siblings houses and see them mortgage free.
What would you do if you were me? When do we call it a day and give up trading?
Many thanks for your help in advance.
I've been in the crypto scene for many years now, first time post here over a dilemma I am facing.
So, I am fortunate enough to make 600k from buying and trading Bitcoin and other crypto assets, and I don't know what to do with the money. Personally I think this is the year I will become a millionaire, as I can only see the marketcap of all coins growing. But friends close to me think I am an idiot for not selling yet, and if it were to collapse to zero, I would never forgive myself. But they don't know the market like I do, and I do believe that it is only the beginning. They say I should sell 95% buy a house, a car and live a nice lifestyle. I am frugal, have always lived within my means and never spent any crypto money as of yet, but I am tempted to start spending some of it now. I am 26 years old, rent an apartment and drive a car worth less than most peoples pushbikes.
My portfolio currently looks like this....
43% Raiblocks
40% Oyster Pearl
5% Enigma
4%Dash
1.5% Bitcoin
and tiny holdings in Waves, Lisk, Stratis, Game.....
I think that both XRB and PRL can double easily this year.
This is not based on greed btw, I want to make enough money so I can buy my siblings houses and see them mortgage free.
What would you do if you were me? When do we call it a day and give up trading?
Many thanks for your help in advance.
Well, congratulations first of all... I think you should take 20% to 30% of your cryptos every year now and invest that money in real world businesses.. If I were you, I may have done that...just to be safe than sorry
Hi Guys
I've been in the crypto scene for many years now, first time post here over a dilemma I am facing.
So, I am fortunate enough to make 600k from buying and trading Bitcoin and other crypto assets, and I don't know what to do with the money. Personally I think this is the year I will become a millionaire, as I can only see the marketcap of all coins growing. But friends close to me think I am an idiot for not selling yet, and if it were to collapse to zero, I would never forgive myself. But they don't know the market like I do, and I do believe that it is only the beginning. They say I should sell 95% buy a house, a car and live a nice lifestyle. I am frugal, have always lived within my means and never spent any crypto money as of yet, but I am tempted to start spending some of it now. I am 26 years old, rent an apartment and drive a car worth less than most peoples pushbikes.
My portfolio currently looks like this....
43% Raiblocks
40% Oyster Pearl
5% Enigma
4%Dash
1.5% Bitcoin
and tiny holdings in Waves, Lisk, Stratis, Game.....
I think that both XRB and PRL can double easily this year.
This is not based on greed btw, I want to make enough money so I can buy my siblings houses and see them mortgage free.
What would you do if you were me? When do we call it a day and give up trading?
Many thanks for your help in advance.
Everyone at a particular moment becomes an Oliver Twist,always wanting more so I understand your ambition to even make more. Congrats for getting to that stage, keep doing what you do. Don’t sell everything off now. What if you sell now only to realize you could doubled within the next few days. You can also help in running charity homes if you still don’t know what to do with your money.I've been in the crypto scene for many years now, first time post here over a dilemma I am facing.
So, I am fortunate enough to make 600k from buying and trading Bitcoin and other crypto assets, and I don't know what to do with the money. Personally I think this is the year I will become a millionaire, as I can only see the marketcap of all coins growing. But friends close to me think I am an idiot for not selling yet, and if it were to collapse to zero, I would never forgive myself. But they don't know the market like I do, and I do believe that it is only the beginning. They say I should sell 95% buy a house, a car and live a nice lifestyle. I am frugal, have always lived within my means and never spent any crypto money as of yet, but I am tempted to start spending some of it now. I am 26 years old, rent an apartment and drive a car worth less than most peoples pushbikes.
My portfolio currently looks like this....
43% Raiblocks
40% Oyster Pearl
5% Enigma
4%Dash
1.5% Bitcoin
and tiny holdings in Waves, Lisk, Stratis, Game.....
I think that both XRB and PRL can double easily this year.
This is not based on greed btw, I want to make enough money so I can buy my siblings houses and see them mortgage free.
What would you do if you were me? When do we call it a day and give up trading?
Many thanks for your help in advance.
Why quit after gaining such amount, it is not pure gambling on the casino that you need to stop after earning big money, just save the half of it for yourselves and try to invest again on crypto to gain more and to learn more, then if you earn again, try to join also in project as member not investor then you will measure how far can you go.
You have earned a lot of money. Now you should sell some of your bitcoin to start any regular business or invest in real estate business. It will be better because of the price drop again you may lose your earnings. So before any mishap you should take some step to save your earnings. you can also split your investment in different Altcoin like Ripple and Liza etc.Why quit after gaining such amount, it is not pure gambling on the casino that you need to stop after earning big money, just save the half of it for yourselves and try to invest again on crypto to gain more and to learn more, then if you earn again, try to join also in project as member not investor then you will measure how far can you go.
Plain and easy, crytocurrency trading is like gambling. You can't really predict the movement of any crypto. We all thought last year in December that Bitcoins was invincible and it would even reach about $100,000 at least. But it didn't. It fell way down and dropped more than half of its value. That goes with all the other altcoins that went up after bitcoins went down. There is nothing certain in this world and especially in crypto, it would be wise to quit while he's ahead. Or another option is to diversify the investment into something other than crypto.
Now that you made 600 K u can start looking for projects that really need support and at the end of the day will have benefit everybody from bottom to the top of the ladder. The topic is huge if i would start on it just think of all those projects that are ico s now and in a year or two thaks to guys like 600k crypto were supported and now are very successful businesses ... With this brief Introduction I would like to point you attention to Blockchain Hotels cause its the paradise beach you want to start spending those cryptos at and all inside the ever growing family.
Best Of Luck
Regards Luke
Best Of Luck
Regards Luke
Well, what advice can you give to those who earned 600 thousand, and those who so splendidly without succumbing to the temptation of money. Do as you know, good luck:)
600k what dollar or another currency. In many countries 600k local currency is nothing compare to USD. If it is $600k it means that you are a rich man and it is right that you should invest some money in crypto world and the rest in real business, because if you lose in one business other will give you profit and you will never lose all your investment.
Dont pull money out of crypto into USD... Just start using crypto wherever possible - to buy cars, houses, etc etc... Between, good post !
Keeping trading - $600k is nothing; would generate maybe $30k a year if you're lucky. Lower middle class.
lots of good coins out there too
Jump to: