If I were you, I would sell half of the encrypted currency and improve my life.
The remaining half continues to invest.
Topic: I've made 600k in Crypto - When to call it quits - page 18. (Read 15599 times)
I wouldnt trust anybody but myself and my own research, but i would maybe take some profits. =)
25% of profitt from all coins to new coins you strongly believe in - then let the market repeat itself.
600k in crypto is quite a huge profit, but I don’t think it is a good reason to quit. If I was the one, I wouldn’t quit immediately, I will simply withdraw the profit I’ve made so far and start afresh and make more money. #600k is even a small amount of money compared to what I’m seeing people make from Bitcoin. There are people making millions of dollars from this, but don’t be greedy lol. 25% of profitt from all coins to new coins you strongly believe in - then let the market repeat itself.
I would sell half of it if I were you to be honest
I would do the same !
You are lucky! But I think you shouldn't be greedy..Crypto is very uncertain industry..
Good advice, no time to be greedy. Cash-out half and spend vacations with your family or you can buy a land and build an apartment for rental as this business is always good. Don't put all your funds in crytocurrencies as what they have said...we can't predict the cryptomarket.
I would sell half of it if I were you to be honest
I wouldnt trust anybody but myself and my own research, but i would maybe take some profits. =)
25% of profitt from all coins to new coins you strongly believe in - then let the market repeat itself.
600k in crypto is quite a huge profit, but I don’t think it is a good reason to quit. If I was the one, I wouldn’t quit immediately, I will simply withdraw the profit I’ve made so far and start afresh and make more money. #600k is even a small amount of money compared to what I’m seeing people make from Bitcoin. There are people making millions of dollars from this, but don’t be greedy lol. 25% of profitt from all coins to new coins you strongly believe in - then let the market repeat itself.
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.
Do not do it yet, the opportunities in crypto are not going to last forever if you have already earned 600k then that is fine but that is not enough money for the rest of your life, take the opportunity and make as much money as you can right now, then after you get some millions or even tens of million then you can retire and never have to worry about money again.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.
In fact, keep trying your luck by putting in more efforts and this will for sure help you in getting more profit at the end of the day.
Sell
I would not consider selling everything though. I can just advise him to at least take out half of each of the coins, take a little bit of it to find some new and upcoming project with prospects and take a chunk of it to start some nice cool business offline. There is something with offline business that at least will give you some rest of mind to keep seeing money coming in for you all the time. Crypto profit is good, but getting too greedy sometimes is not the way to go.
I really recommend you to buy some stocks, in the best case just build a globally diversified ETF portfolio. On the long run, this will give you an annualized return of 8-10 percent and with etfs you can achieve a very high diversification among stocks.
You should simply diversify your assets now. 100 percent in crypto is simply to risky.
And consider, if some of the asset classes move into different directions, you can rebalance your portfolio.
Good luck and congrats for that solid investment 4 years ago!
You should simply diversify your assets now. 100 percent in crypto is simply to risky.
And consider, if some of the asset classes move into different directions, you can rebalance your portfolio.
Good luck and congrats for that solid investment 4 years ago!
You're leaving and i'm starting.
Be my angel investor, LOL.
At some point we were all beginners and did not knew much about bitcoin and other cryptocurrencies you need to make an effort to learn and this forum is the perfect place, take your time the market is going to be there and the opportunities to make money will be there as well, but if you do not do you part it is going to be impossible to make any money and in fact you could lose it instead. Be my angel investor, LOL.
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.
It's awesome.congratulations
can i ask how much did you start (dollar)?
If I were you I would just keep Hodling. Good rule is to sell 10% everytime your portfolia doubles or triples. 
https://www.youtube.com/watch?v=BH-bxAr0jCk
Maybe much better to sell the other half when you already seen the double so you will be able to reinvest it to another project, keep the other half on hold as we knew that most of the time the value is much higher when the train start to ride many new investors will buy in and also find their luck to have a huge profits. https://www.youtube.com/watch?v=BH-bxAr0jCk
Encash %50 of your earnings in crypto and leave the other %50, now you have a cash worth of $300k we know that it is a huge amount, my advice is you can use that money to make another good business that is not related to crypto, spend your money well 
also that amount of money can bring you anywhere travel the world dude,explore go out 
and spend time with your family use your money for happiness.
also that amount of money can bring you anywhere travel the world dude,explore go out and spend time with your family use your money for happiness.
600K is huge money. Why you still take risks in cryptos. You should take retirement and should enjoy with this money.
I think your portfolio feels overextended and should consolidate back some to heavy bitcoin/eth... Raiblocks is way overblown and is suffering from pullback that was needed based off of the hack.. one good pop and Id half your position.. someone said it may double but I think thats optomistic... Bitcoins looking imo to go on a massive rally after consolidation and will likely take eth with it and bury all alt coins once it passes the 17k resistance level.. id hedge such large funds in something a bit more stable atleast until the bitcoin dust settles (if you don't cash out before then)... your porfolio just looks scary dangerous..overnight with one fell swoop it could half.. Congratulations on your earnings though. really impressive and hope you buy a house or something useful instead of spending it on something needless like a lambo.
The last few weeks would have really done some damage to that portfolio 
What I've learned is to take profits along the way to buffer yourself against these huge dips.
I am sure it would have but not so much huge damage to zero anyway. However, looking at some of my holding and the way they dipped seriously in value, I would say not taking some out when the market was hot and everyone was busy buying before the correction happened would have been a wrong decision. What I've learned is to take profits along the way to buffer yourself against these huge dips.However, it is not everyone that has the idea of how the market works, some are just holders and they prefer to keep holding for as long as they are pleased with what they have left. The only problem is even if it gets pretty huge, human greed may want you to keep holding further.
I am curious how the crash and dips have affected your portfolio and whether you heeded the advice of some to take some profits at least 50%. I myself don't have enough to even buy a car, but people I know who did not take profit early, not even half, are having regrets. We don't know when the recovery will happen or the next peaks. So minimize risk as well.
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 just the best advice anyone will ever give you on the basis of getting out your cash the right way. Also, on whether to sell or not, the ball is definitely is in your court as you have the decision to make. Do not be greedy though and if you are a long term holder, you should at least have a little bit knowledge on following trends of a coin and knowing when to withdraw to fiat and buy back for long later on. Nevertheless, if you trust all the projects behind the coins you are holding, and then you are free to keep holding for as long as you want, if you really do not need anything to do with it for now.Crypto is very uncertain industry..
Uncertain and volatility are the problems only for short term players but long term holders are enjoying along feeding to their greedy. What is looking like greedy right now, may become reasonable after some times. Because, this is how entire crypto world is working.
You are lucky! But I think you shouldn't be greedy..Crypto is very uncertain industry..
The last few weeks would have really done some damage to that portfolio What I've learned is to take profits along the way to buffer yourself against these huge dips.
What I've learned is to take profits along the way to buffer yourself against these huge dips. Jump to: