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 the one to decide that and not we. Don’t make decision out of greediness, if you believe that 600k is enough profit for you and can help you start up something even more better than you’re doing in Bitcoin, then you an can call it a quit and go for something else after withdrawing your profit.
And by the way, I need to tell you that if you choose to continue with bitcoin, don’t forget that loss is likely to occur at anytime in this business, so be ready for it.
That's right, if it's satisfied with its achievement in cryptocurrency, it may be time to quit and look for another place to create a new chronicle. You can make a great plan for a business, with 600k you can do anything.
But the hard thing will come when the OP will quit cryptocurrency, in fact only one 600k is the most difficult thing to get, even working in big companies though. But with cryptocurrency, someone can get it.
I can say, investing in cryptocurrency like gambling, losing or winning you will remain an addict.