Show Posts
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
