You're leaving and i'm starting.
Be my angel investor, LOL.
Topic: I've made 600k in Crypto - When to call it quits - page 19. (Read 15599 times)
Earning that amount is not yet time to say that you will call it quits. You still have a lot to do in life and more than likely that amount is not sufficient if you will live a good life with your own family. Unless you want to live a very simple and quiet life in the suburbs.
It depends on where you live if you are in a first world country that is not enough to retire, but it is a good start especially if he is young, but in a third world country that amount is a small fortune and enough to live the rest of your live if you invest it and live out of the profits of your investments, however it is too soon to leave the market there is still a lot of money to be made for the smart investor. 
Invest in a good DPOS coin like ARK then live off your DPOS gains. $600k of ARK at current prices wold give you approx 45 ARK a day in DPOS , worth around $200 now.In a year you will prob be getting $1000+ a day worth!!!
I will suggest you don't give up and wait for a time. In trading sometime we should control our emotions and face the reality with patiently then definitely you will find your time. You know i bought some coins in 2016 and you know in this year i sell coins and i gain only profit from them 0.0006 and it is lowest profit but i hold it till the end and then i have gain this profit. But it is better for my experience wise and i realize without information don't buy any coins.
What have you done ? Is there any news ?
Sell 
)
) 
if this happens to me I would sell the half start an offline business with it and continue to trade with the rest of my capital, in long term from 2 places it would be easier to become a millionaire.
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.
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.
You really need to withdraw atleast 200k and get out of the apartment and buy a house and treat yourself with good things.
Now that you are in the first phase of earning money. The next step is hard, which is to manage and multiply the money. Don't be a one time wonder, you gotta invest more carefully and take calculated risks having the remaining 400k as base and multiply it. You can lead a good to great life.
Now that you are in the first phase of earning money. The next step is hard, which is to manage and multiply the money. Don't be a one time wonder, you gotta invest more carefully and take calculated risks having the remaining 400k as base and multiply it. You can lead a good to great life.
You have a point. You should treat your self and your family. Buy a house, cars and savings. You should not stop working in the crypto currency, just continue investing until the end. Because the crypto market now is still growing.
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.
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.
I think, that you should not sell it right now and stop your crypto marathon. Market is still growing, and at least in 2018 we will see a good growh for all perspective coins. You can take some percents from your stack and try to invest in ICO. There are a lot of good projects, which gains X's
You really need to take some good rest after making this much amount of money. You are no doubt going very well in the world of crypto currencies and if you continue to do the same in the future too, you will for sure be able to make some very good amount of money and that your dream of getting rich will definitely come true. Moreover, you should keep on working hard and learn more things to get more benefit.
You really need to withdraw atleast 200k and get out of the apartment and buy a house and treat yourself with good things.
Now that you are in the first phase of earning money. The next step is hard, which is to manage and multiply the money. Don't be a one time wonder, you gotta invest more carefully and take calculated risks having the remaining 400k as base and multiply it. You can lead a good to great life.
Now that you are in the first phase of earning money. The next step is hard, which is to manage and multiply the money. Don't be a one time wonder, you gotta invest more carefully and take calculated risks having the remaining 400k as base and multiply it. You can lead a good to great life.
I think, that you should not sell it right now and stop your crypto marathon. Market is still growing, and at least in 2018 we will see a good growh for all perspective coins. You can take some percents from your stack and try to invest in ICO. There are a lot of good projects, which gains X's
Still i can't believe you've not taking it into capital gains from what you've earn you could sell some and reinvest with the growth of XRB and PRL. The market is in red now if you'd sell a half of it before, you could have comeback and diversify your investment from short term and long term put more money into long term tokens and plan on a capital gains and exit plan.
When you need advice for this, I guess you might be consider to do any other job than trading on crypto. What I believe is that every person have their talent to do many things that might be consider as their job. You should do with joy when decide to quit and choose the other job.
You have enough money to doing some business by the way. Why don't you keep you trading activity to the small part of your life and do business. If you good enough at some point, buying a house from your business will not take any longer.
You have enough money to doing some business by the way. Why don't you keep you trading activity to the small part of your life and do business. If you good enough at some point, buying a house from your business will not take any longer.
You are very, very fortunate sir. You must have accumulated so much XRB while it was cheap and it's where you got most of you profits. Selling 100k should be fine because it would look as "half a mil" .
I think it all depends on what you want to do with the money and your risk profile. If you're at a comfy place right now, i'd recommend waiting for another year to see how it goes. After all, i think 2018 will be a great year for crypto.
sell half and keep half. Keep what you think might double or even triple.
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