He said he put in $10k as a starting point, but where we sit now this means nothing.
I would be cashing out a good 300-500k of this and buying yourself a house, if this all goes bust you'll be working a good part of your life just to get property, atleast with a house if your value goes down you still have a house and no debt on it.
Keep trading with what's left over.
Buying a new car + going on a holiday won't get you further ahead in life, plus if you really want you can do this and still buy a house.
Saying you want to cash out $30k and spoil yourself as you've only put in $10k is the wrong way to look at it, just work out how long you'll be working hard in life to get this type of money back if you lose it.
Topic: I've made 600k in Crypto - When to call it quits - page 17. (Read 15599 times)
I would invest it all in ico and wait for one to go x100
Use the money wisely and make sure to pay off the taxes.
600K is a good amount. Use it for trading it’ll increase it more.
Or he will lose all. take your initial investment out and keep the profits in. Reinvest and have fun with the market 
But OP never said what is his initial investment. He said he is many years in crypto, so maybe he invested 100$? In that case taking initial investment out won't make much sense.It always surprise me to see topic like this, like OP don't know what he will do with $600K
You can never call it quits... "you can check out any time you want, but you can never leave" 
take out your initial amount or an amount that you feel you need to feel financial secure and continue to trade the rest, its essentially a free roll at this point and crypto is just at the starting point!
Keep on rolling it forward!
Keep on rolling it forward!
Use some money for yourself and some for trading.
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.
You are a newby in the forum yet you´ve made a small fortune in crypto? Ok, let´s assume that´s true and thus my advice is sell half and keep playing with the other half.
He/she maybe new in the forum but we can tell he/she is a long time trader. many traders in crypto market are just new in bitcointalk.org forum.
*** IF i were you after gaining such 600K on your holding you dont need to quit, if you want you can cash out some and make it FIAT, but leave the 50% on trading and continue what you are doing, as i see you good in this.
I suggest withdraw the money and do something else from it.
take your initial investment out and keep the profits in. Reinvest and have fun with the market
You must use the money you have and sell it to pay your text.
What text? You mean tax?Use the half for yourself and use the other for trading and expanding it.
It depends on how much OP invested and what is his profit, I would sell $500K, pay tax and use 100K for further investment or trading. I wonder what decision OP has made.
600K is a good amount. Use it for trading it’ll increase it more.
very interesting portfolio composition. I would spend half on myself and the rest of your fortune I would keep in cryptos.
You must use the money you have and sell it to pay your text.
What text? You mean tax?Use the half for yourself and use the other for trading and expanding it.
It depends on how much OP invested and what is his profit, I would sell $500K, pay tax and use 100K for further investment or trading. I wonder what decision OP has made.
Use the half for yourself and use the other for trading and expanding it.
You must use the money you have and sell it to pay your text.
Spend all the money for leisure and buy the things that you want.
Most people has no satisfaction in life. You have a 600k crypto, why don't you convert the half into fiat and buy first your necessity or a house of your own then continue the half on your trading business in cryptos. You have the opportunity to buy then why don't you grab the chance before its too late.
when you buy a house or car, tax authorities will get noticed. they check your paid taxes before vs purchases. this might result in investigations. so go the legal way, my advice.
This is a valid one. With this kind of stuff, you can at least be sure that you have something online that will be going good for you forever. The crypto world is here to stay for sure, but leaving like a huge percentage of your net worth offline does not really make any sense. Diversify offline a little bit by setting some lucrative and good business up, and you can even still with that keep investing in new cryptocurrencies for the long run.
You can go on with your work, get the money you've earned, invest in some good ico, and it's easy to generate new profits for your assets!
The year 2018 will be the year of the digital currency. I don't think you should rush this opportunity!
The year 2018 will be the year of the digital currency. I don't think you should rush this opportunity!
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