Topic: I've made 600k in Crypto - When to call it quits - page 20. (Read 15588 times)
Why not divest ~5% every month? That way you can continue to play in the market and if prices keep increasing you'll keep making additional money... but if the markets every tank you'll have taken a bunch of chips off the table.
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.
If you did able to bought XRB and Oyster Pearl on earlier weeks of january or on this time of writing then hitting up Milliion dollars is easy. XRB( Raiblocks) did able to pump out $37 as far as i remember and Oyster pearl did surpassed $2 then for sure you are on huge profits basing on the allocation of your $600k investment then reaching million is easy.I dont know if you did able to purchase those coins on cheap prices or not. 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.
For that amount of money you do not need to quit early since you are only 26 years old that money can be spend easily and loose it quickly, until you can earn in trading you should continue the good work and save more money for your future. And helps your parents and relative by teaching them what you are doing to change theie life also and recieved the good benefits in crypto world.
600k is life changing for most people, a 300k portfolio is big enough to continue to make massive gains over the next 12 months. I would take out the other 300k and enjoy it. Lots of regulations coming into play. Take it while it's straight forward enough. Good luck my friend and congratulations.
OP 600k are just little you need to work more i think spend more time here in forum so you can earn again like that and i think base on your constructive post we need you here but that's your life do what you want i give only suggestion or option another thing if you have that kind of money i think i build a business by that for more secure and more good to my families future.
Exactly... Congratulations on winning that amount. You must have invested and risked quite a bit to get it.. I don't think 600k would be good enough for retirement though, so reinvesting would be a good idea
This will for sure help him in making of more money as he is having this much of experience that he will then be able to make more money in the coming days.
OP 600k are just little you need to work more i think spend more time here in forum so you can earn again like that and i think base on your constructive post we need you here but that's your life do what you want i give only suggestion or option another thing if you have that kind of money i think i build a business by that for more secure and more good to my families future.
Exactly... Congratulations on winning that amount. You must have invested and risked quite a bit to get it.. I don't think 600k would be good enough for retirement though, so reinvesting would be a good idea
This will for sure help him in making of more money as he is having this much of experience that he will then be able to make more money in the coming days.
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.
In what way is being active on bitcointalk related to how much money you make on cryptocurrencies?
Reading the replies of OP it seems that he made up his mind and never call it a quits and just planning to hold some and diversify the rest and it's a good and wise move to do. Cryptos are just starting its era so it's too early to call it quits and I think no one in the right mind will quit when he knew that he can profit big.
Exactly! The one who has managed to earn this much amount of money is no doubt really a lucky person. I don’t think so that he should quit all this thing as he knows the trick of making money and he can use the similar kind of technique in the future as well in order to make more money. Bitcoin can for sure later on make him the world’s richest person if he continued doing working hard in future as well.
Donate half of the total to develop Sub-Sahara Africa in area of pipe borne water and health care delivering services. Then key the remaining part for your self to remain relevant in the business.
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.
It doesn't mean that rank newbie is the basis of not having coins in crypto currency world, there are also types of person who is inside this forum, some of them are traders , gamblers, investors, and so many more, maybe you were shock that such an individual already have that huge amount, but, maybe you're thinking wrong about OP. Many millionaires in the outside world and their source of income is from crypto but is not here in the forum.
P.S. I think OP should HODL 50% of all of the tokens/coins he have, and then the 50 should be keep on rolling. Investing, or trading. Then you'll be sitting pretty in the right time schedule.
Reading the replies of OP it seems that he made up his mind and never call it a quits and just planning to hold some and diversify the rest and it's a good and wise move to do. Cryptos are just starting its era so it's too early to call it quits and I think no one in the right mind will quit when he knew that he can profit big.
Yeah, common ! I mean, I see no reason for OP to quit too. He has built a good start that some of us wish to have got to & with 26 age, he has fresh energy to go all out for diversification. As rightly said , cryptos are just starting up, he could build more money since he already has the capital .
In my view, I think he should split into two, invest one part in real estate and then sell off some of the coin that have got to there highs and then buy cheaper coins with good tendencies for growth in the future. Meanwhile, I hope he is keeping his securities and code save, also disclosing to a trusted party - just incase.
You can give me a little, so that it would be easier on the soul)))
Looool…. I’m laughing my ass off right now. Lol, if you’re looking for a good Samaritan, dude you’re at the wrong spot. There are no good Samaritans these days, nobody would even give you an ordinary $5. Well, some are good, but they’re hard to find.OP 600k are just little you need to work more i think spend more time here in forum so you can earn again like that and i think base on your constructive post we need you here but that's your life do what you want i give only suggestion or option another thing if you have that kind of money i think i build a business by that for more secure and more good to my families future.
I don’t know where this guy is leaving, maybe the 600k is worth a millions or billions in his own currency. But, I wouldn’t quit in 600k. Even if I hit $100 million today, that wouldn’t make me stop, I will still be working hard.
Reading the replies of OP it seems that he made up his mind and never call it a quits and just planning to hold some and diversify the rest and it's a good and wise move to do. Cryptos are just starting its era so it's too early to call it quits and I think no one in the right mind will quit when he knew that he can profit big.
Congrats on your nest egg. I don't think it's time to quit anytime soon. This year is going to be big and smart investors will be rewarded.
OP 600k are just little you need to work more i think spend more time here in forum so you can earn again like that and i think base on your constructive post we need you here but that's your life do what you want i give only suggestion or option another thing if you have that kind of money i think i build a business by that for more secure and more good to my families future.
Exactly... Congratulations on winning that amount. You must have invested and risked quite a bit to get it.. I don't think 600k would be good enough for retirement though, so reinvesting would be a good idea
Making 600k into million would be the right option in front of OP. Because there could be lot of opportunities we can find with cryptos now a days. Just repeating what has given him 600k will be more than enough rather than looking for new opportunities.
OP 600k are just little you need to work more i think spend more time here in forum so you can earn again like that and i think base on your constructive post we need you here but that's your life do what you want i give only suggestion or option another thing if you have that kind of money i think i build a business by that for more secure and more good to my families future.
Exactly... Congratulations on winning that amount. You must have invested and risked quite a bit to get it.. I don't think 600k would be good enough for retirement though, so reinvesting would be a good idea
simply earning that much is calling quits already..
Quitter never wins. I think he knows what he is doing, so if he can make money before he can still make more money in the future. I say get some out of crypto, invest on real estates. Retain 75% in crypto and make it grow more.
No no no, don't call it quits. Just still continue making money with your bitcoin. Just don't stop and continue to make money with the crypto currency world.
How much did you spend on the crypto?
Take at least double that in profits.
Both crypto and the stock market have gone up to unprecedented levels; I strongly
suspect a retraction will occur in both within 5 years, but timing the market is a
fools game. Decide on your taking profit levels and stick to them.
With those gains, diversify further into assets that generate income monthly, e.g., bonds,
mutual funds that invest in bonds (Pimco & Vanguard have some decent funds here),
rental properties, etc.
If you want to remain in crypto, redistribute some of the remaining profits into
Proof of Stake coins (if ETH ever gets around to implementing it; that's probably
a good one)--this way all you need is to leave on your computer and it
will mine more coins for you (no ASIC hardware and massive amounts of power
required).
Take at least double that in profits.
Both crypto and the stock market have gone up to unprecedented levels; I strongly
suspect a retraction will occur in both within 5 years, but timing the market is a
fools game. Decide on your taking profit levels and stick to them.
With those gains, diversify further into assets that generate income monthly, e.g., bonds,
mutual funds that invest in bonds (Pimco & Vanguard have some decent funds here),
rental properties, etc.
If you want to remain in crypto, redistribute some of the remaining profits into
Proof of Stake coins (if ETH ever gets around to implementing it; that's probably
a good one)--this way all you need is to leave on your computer and it
will mine more coins for you (no ASIC hardware and massive amounts of power
required).
I invested about 10k, and am taking out 30k. Am Hodling the rest. Diversifying slowly, my coins have taken a real hammering lately, (as has everyone's), which is fine. Am happy Hodling
Nice amount of profit and I like your top coins, I would definitely have to take at least 25% out and think about how the tax situation works in your country just to be safe and avoid any hassle.
Yes, even though we have huge amount it is not possible for us to withdraw them immediately because government will demand more tax for your withdrawal. So we don't have any other choice.
I can withdraw over $100,000 a week through coinbase where I am, but, like I said, am Hodling for now.
OP 600k are just little you need to work more i think spend more time here in forum so you can earn again like that and i think base on your constructive post we need you here but that's your life do what you want i give only suggestion or option another thing if you have that kind of money i think i build a business by that for more secure and more good to my families future.
I have been active on this forum for a long time already, I just set up this newb account to discuss money, I don't want people knowing how much I have on my other account, as people get jealous. I already have my own company my friend
Nice amount of profit and I like your top coins, I would definitely have to take at least 25% out and think about how the tax situation works in your country just to be safe and avoid any hassle.
Yes, even though we have huge amount it is not possible for us to withdraw them immediately because government will demand more tax for your withdrawal. So we don't have any other choice.
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