I've made 600k in Crypto - When to call it quits

[Agrabah]

Well, what advice can you give to those who earned 600 thousand, and those who so splendidly without succumbing to the temptation of money. Do as you know, good luck:)

[malekcap]

my advice for you is to pull 95% from you 600k usd from crypto and invest it in real world by buying house or by invest it in your own project and the remaining 5% you should put it all in btc because is the safest and strongest and the largest marketcap so when it mooning you ll have another 600k usd from that 5% im not an advisor lol but if i was you i would do what im saying

[WindWu]

OP did not state networth though.
if OP's NW is 10mil, i see no reason to sell off the coins.
but if all that OP has is those 600k, feels crucial to diversify.

[miningguru]

my advice for you is to pull 95% from you 600k usd from crypto and invest it in real world by buying house or by invest it in your own project and the remaining 5% you should put it all in btc because is the safest and strongest and the largest marketcap so when it mooning you ll have another 600k usd from that 5% im not an advisor lol but if i was you i would do what im saying

I think you are wrong crypto market is kept increasing and ability to increase his fund when the prices start increasing. So the best suggestion pull out 50% of your profit and start holding remaining about either in bitcoin or good potential altcoins.

[michellee]

my advice for you is to pull 95% from you 600k usd from crypto and invest it in real world by buying house or by invest it in your own project and the remaining 5% you should put it all in btc because is the safest and strongest and the largest marketcap so when it mooning you ll have another 600k usd from that 5% im not an advisor lol but if i was you i would do what im saying

I think you are wrong crypto market is kept increasing and ability to increase his fund when the prices start increasing. So the best suggestion pull out 50% of your profit and start holding remaining about either in bitcoin or good potential altcoins.

yeah, I think to pull out 50% is enough than 95% because we need to split our fund into many investments so we can earn more profit in the future. but I agree that he should invest in a real business like to buying a house or a land because this type of investment will grow in yearly. and he still has another 50% in crypto so if his coin is increased then he can sell it again and make another investment in his real life or invest in crypto. I am sure that if he can do this, his profit will increase too.

[carter34]

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.

If you are empty after making such huge amount, it means you are not an online trader or business personal. If I have such money, I can't be empty, I will do more investment and build human capacity plus helping the poor and help in God's house.

[bendingappaloosaH]

You must call it a quit and you should see all your coins and pay the tax.

[ArdiPrabowo]

Hi Guys

My portfolio currently looks like this....

43% Raiblocks
40% Oyster Pearl
5% Enigma
4%Dash
1.5% Bitcoin

i think youre portofolio is not good
because alocation is big not popular coin, can easy dump price if not popular coin

[ubitcoin]

my advice for you is to pull 95% from you 600k usd from crypto and invest it in real world by buying house or by invest it in your own project and the remaining 5% you should put it all in btc because is the safest and strongest and the largest marketcap so when it mooning you ll have another 600k usd from that 5% im not an advisor lol but if i was you i would do what im saying

I think you are wrong crypto market is kept increasing and ability to increase his fund when the prices start increasing. So the best suggestion pull out 50% of your profit and start holding remaining about either in bitcoin or good potential altcoins.

yeah, I think to pull out 50% is enough than 95% because we need to split our fund into many investments so we can earn more profit in the future. but I agree that he should invest in a real business like to buying a house or a land because this type of investment will grow in yearly. and he still has another 50% in crypto so if his coin is increased then he can sell it again and make another investment in his real life or invest in crypto. I am sure that if he can do this, his profit will increase too.

Instead of dividing the investment and putting 50% into a different platform and leaving 50% in Bitcoin, I will recommend that he should withdraw 50% and put it to his bank account as achievement he has made in crypto trading. And for the remaining 50% he should split them 25% each, leaving the remaining 25% in Bitcoin and investing the other 25% in something different, that would 150k each.

[wozzek23]

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.

If you are empty after making such huge amount, it means you are not an online trader or business personal. If I have such money, I can't be empty, I will do more investment and build human capacity plus helping the poor and help in God's house.

Eehm… in terms of helping in God’s house, yes I support. We should always pay our tithes and offerings. There are lots of things one can do with their money, I don’t mean showing off and making everyone know that you’re rich, even if people knows that you’re rich, there is nothing wrong with them knowing that. But one most important thing is for you to know the right thing for you to do with your money, try to invest at the right place and also try to help people

[Thian778]

Why quit after gaining such amount, it is not pure gambling on the casino that you need to stop after earning big money, just save the half of it for yourselves and try to invest again on crypto to gain more and to learn more, then if you earn again, try to join also in project as member not investor then you will measure how far can you go.

[Qartersa]

Why quit after gaining such amount, it is not pure gambling on the casino that you need to stop after earning big money, just save the half of it for yourselves and try to invest again on crypto to gain more and to learn more, then if you earn again, try to join also in project as member not investor then you will measure how far can you go.

Plain and easy, crytocurrency trading is like gambling. You can't really predict the movement of any crypto. We all thought last year in December that Bitcoins was invincible and it would even reach about $100,000 at least. But it didn't. It fell way down and dropped more than half of its value. That goes with all the other altcoins that went up after bitcoins went down. There is nothing certain in this world and especially in crypto, it would be wise to quit while he's ahead. Or another option is to diversify the investment into something other than crypto.

[AdolfinWolf]

I can withdraw over $100,000 a week through coinbase where I am, but, like I said, am Hodling for now.

I don't think this topic has aged well  ,

Let's see.

Code:

43% of his portfolio was in raiblocks on jan 9th. 1 Raiblock on 9th of january = ~29.38$

~258000$ in Raiblocks = 8168.82232811 Raiblocks.

40% in oyster. 1 oyster on 9th of january = ~3.91$

~240000$ in Oyster = 61381.0741688 Oyster(s)

5% Enigma 1 Enigma = ~6.2$

~ 30000$ in Enigma = 4838.70967742 Enigma(s)

4% in Dash 1 Dash = 1100$

~ 24000$ in Dash = 21.8181818182 Dash

Now lets see how much he has left 5/7/2018

Code:

8168.82232811 NANO * ~8.08$ = 66004.0844111$

61381.0741688 OYSTER * ~0.638$ = 39161.1253197$

4838.70967742 ENIGMA * ~2.49$ = 11564.516129$

21.8181818182 DASH * ~ 482$ = 10516.3636364$

+ (~9000$ that represents the 1.5%)

^^ I grabbed all price data from coinmarketcap, for anyone who's interested. https://coinmarketcap.com/

Which is 136246$..

It might have been smarter for him to sell, he's currently down ~440%, but we ofcourse don't know his starting amount. For all we know he bought some NANO when it was dirt cheap..

Obviously these coins might go up again in the future. Who knows right?

[27v]

Props for making 600k in crypto. I would say trust your gut. If you feel like holding, then hold. If you want to call it quit then call it quit. And if you really don't know what to do then do half and half. it's YOUR decision, not your friends.

[LaurenProfi]

I would advise a small part of this amount to be distributed and transferred to other areas. And the remaining money is divided between other crypto-exchange platforms.

[dabosz]

lots of good coins out there too

[fenican]

Keeping trading - $600k is nothing; would generate maybe $30k a year if you're lucky. Lower middle class.

[cryptomoon1004]

Dont pull money out of crypto into USD... Just start using crypto wherever possible - to buy cars, houses, etc etc... Between, good post !

[chainedblocks]

Well, what advice can you give to those who earned 600 thousand, and those who so splendidly without succumbing to the temptation of money. Do as you know, good luck:)

600k what dollar or another currency. In many countries 600k local currency is nothing compare to USD. If it is $600k it means that you are a rich man and it is right that you should invest some money in crypto world and the rest in real business, because if you lose in one business other will give you profit and you will never lose all your investment.

[maremostro]

Now that you made 600 K u can start looking for projects that really need support and at the end of the day will have benefit everybody from bottom to the top of the ladder. The topic is huge if i would start on it just think of all those projects that are ico s now and in a year or two thaks to guys like 600k crypto were supported and now are very successful businesses ... With this brief Introduction I would like to point you attention to Blockchain Hotels cause its the paradise beach you want to start spending those cryptos at and all inside the ever growing family.
Best Of Luck
Regards Luke