Topic: I've made 600k in Crypto - When to call it quits - page 21. (Read 15588 times)

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.

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.

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.

Surely OP didn't expected what's happening now in his life like it didn't sink it yet that's why he's quite unsure if it's the right to do. I agree with your advice to OP by just selling the half and diversify it evenly and the rest just save up or open up a business that you can use for fronting so others won't question your money.
Anyway, OP you have a impressive portfolio and you're lucky that you bought yoyr coins before it boom and these coins are doing good lately.

This is definitely not the right time  to quit. More People are getting used to the crypto experience. I bet you may not make as much as 600K in the same time frame in the corporate world, unless you have a one-in-a-million idea to sell to the world.

I must say that if you are earning this much amount of money, then it is not to quit. In fact, you can go for having more money as you know the trick of making more money in this field and that it can help you in having more money than your current earnings. Quitting will result in nothing more profitable and that it will stop all your earnings. So, think well and then make some good decision.

You are the same as me, if i have 1000000 $ i would feel so empty because i dont know what to do with it, and i don't want people to look at me as a rich guy.

May be he would not like to take more risk now as he has make a huge amount of money and should sustain easily for the next few years and may be what OP can do is withdraw 50 % of the money to be on safer side and invest the rest in other coins to get returns.

why would you he quit bitcoin its still rising its like he has a property in a tourism area.keeps rising all the time

You surely are aware that there are tokens out there that produce dividends such as Bankera, Spectrocoin, Astro, Neo, Waves.... I am surprised of what I am reading.

600Kcrypto - I'm roughly 15 years older than you - 40. The time is going to rush by for you - 26 today - 45 tomorrow.

I make my living as a vulture investor -always looking for what is underpriced and cheap. But also I only buy things which produce flows of cash through time. Cryptocurrency by definition is not an investment - it is a speculation (a bet on the future price of an asset). A key point to remember is that if you overpay a little for an investment you will most likely still make money in the long run because it produces cash every day/quarter/year. Reinvested cash, over and over - will make you insanely rich over the years.

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.

Yes, really strange and risky portfolio. You are really lucky if you made yours 600k.  At your place i would fix the part (may be 30%) of portfolio in Dollars/Euro (to keep safe) and other part to review, otherwise you can lose everything. You should empower you portfolio.