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

[Dark Sky]

He could still hold his coin too if he wants because if he sells right now, I don't think that he can make a good profit because every altcoin in almost all of the exchanges is dropped 30% or more. but for me, if I can see that the price could go up into the highest pricE

You should not leave investment or sell it because if you do this it will never give you big amount of profit and you will never gain your business for your future planing so you should hold your money in bitcoin and after its high price you will get profit so you shouldn't leave this currency because it will very profitable for your kids future.

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[Best Dreams]

That is a huge profit man! 

Its best time to take back all that you invested and keep only the profits there.. That will make you at no risk zone.

Do you even know what you’re saying at all? That he should take only the money he has invested and just leave the profit? Like seriously, do know what you’re talking about? I will advise him to even take out more than 70 to 80% of his profit and his invested money. 600k is not a small amount of money to be joking around with.

I suggest you to cash out some of your holding and not all because bitcoin investment is also business and you should not wind up your this business. You have made thousands of dollars, now you should start some regular business, because if there is something bad in bitcoin in the future you will be relaxed because of your regular business.

Bitcoin is more than a business for us, we should try to increase it more and more it will be good in future and in your present as well, if you wana spend and relax and easy life you should buy some coins right now and hold it for long time, bitcoin is being as business by a lot of people are buy at low and sell high, for being a well trained investor you will have to know all trading and investing skills so it is best time to hold it never quite crypto currency.

[cryptaxo]

keep playing with your stash mate, you can make a million with such investment, play with it, follow some wise people advice and baaam..

[Activitycoin]

He could still hold his coin too if he wants because if he sells right now, I don't think that he can make a good profit because every altcoin in almost all of the exchanges is dropped 30% or more. but for me, if I can see that the price could go up into the highest pricE

You should not leave investment or sell it because if you do this it will never give you big amount of profit and you will never gain your business for your future planing so you should hold your money in bitcoin and after its high price you will get profit so you shouldn't leave this currency because it will very profitable for your kids future.

Of course quitting bitcoin is not a good idea while you should save more and more bitcoin, it has high profit for you if you will buy now and store it for long term, keeping your money with you will make it get rusted but investing your money in bitcoin will soon turn it more than double of price, so don’t leave bitcoin now as it is going to be future currency for us.

[alexs_03]

Call it quit is what you should never sign up for, the need to invest will always arise, so keep doing what you are good at, accumulate more so you can invest in any upcoming ICO to expand the cryptoworld!

[marinakofoleva]

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.

My advice to you, withdraw 25% of your assets in Fiat money. and keep the rest for your children. They will tell you thank you very much )))) The more you say that you are living according to their means.... Peace be with you

[zinluzgina]

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've done everything right up until now. I congratulate you! my advice to you is to withdraw only a quarter of your income, and not at the moment when the market is under the influence of bears. Wait until the bulls are in the market. There should be 2 large candles on the chart, this means that the bulls raise the price and the bullish trend.

[rohitkaira]

Hi

How you going now, majority of the assets you mentioned dropped by 80-90%, did you sell in Jan or you still holding your assets. If you still holding than i think you might be below 100K.

Keep posting, will be good to watch your assets and help others to learn.

[buwaytress]

If OP didn't cashout by Jan , i think he's portfolio is less than 100k now lol
Look at nano and PRL prices

Yes, not only his account many people who hold the coin at the time pump in December will be much higher value. Now the value of coin who are holding will went down to below more than 50% and this makes people more panic about the situation. The only choice we have is to wait until next bullish market runs again.

That's what people have been saying all the while. In a bull run, alts rise a lot higher, and a lot more against Bitcoin than their more "mature" predecessors. In a bear run, they wilt a lot quicker, and tend to lost a lot more against Bitcoin. OP seems to have indicated being a holder, in which case he should have paid attention to statistics. Holders want to have their majority in Bitcoin, and minority in all those new alts. Nano and PRL, like their peers of the time, all jumped so much due to speculation. Great for selling off for Bitcoin at their highs, and wonderful for re-buying at today's lows, in Bitcoin.

Won't pretend to know the exact science behind this so I don't put that into full practice. Am a holder by nature anyway, so Bitcoin all the way.

[MascharonoM]

How did you do that 600k in Crypto project? I have heard about SciDex. I would like to try for it. What's your opinion?

[Fire316]

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 I were you,I will continue investing in crypto while helping my siblings. We are the same in planning to help others. But don't forget to invest for yourself. Buy a real estate and put a business out of crypto.

[ainaya1994]

in the world of crypto if you have a lot of profit do not try to stop because if you stop then you will not get profit again ...

[Xtez]

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 appreciate the reason you do this and I am very very happy with your successes.

My opinion is that you can easily turn 100k into hundreds of Ks or in the Ms. Take out 5/6 of your profit and use it, sort your family out or go on holiday. This way it was all worth it.

Then the rest you can keep in crypto. An experienced trader like yourself should know that that 100k youve got left will nice you in the next couple months.

[michellee]

maybe you can take your profit first, at least you can get 30%-50% of the profit and let the rest stay in your account. we don't know what will happen in the crypto market and although we have a positive sign that shows the coin will increase this year, we need to wait for a time to comes and meanwhile we need money to buy something. and if I were you, I will take maybe 100k first for buying my daily needs and saving the money in my bank account and I still have another amount in my exchanges.

[cryptaxo]

get your investment out, and have fun with the rest.

[noah tall]

If OP didn't cashout by Jan , i think he's portfolio is less than 100k now lol
Look at nano and PRL prices

You should cash out your half money because the price of bitcoin is decreasing day by day and you can lose your earnings. Better to cash some of your bitcoin and split the rest of your investment in different coins. So if the price of bitcoin falls you will feel no tension and will be relaxed. By this way you can earn more money because small currencies are growing very fast.

[adejoke444]

You are rich, just quit and invest in offline business though you could still use some little percent like 5% for Crypto currency and cash out all 95%...I wont even make upto this before i will call it quits.. 

[jeffersonairplane]

Really hope OP cashed out early in Jan when his portfolio peaked. Even if he re-diversified out of his shit coins he would still be down a lot right now.

Only 1.5% Bitcoin was a great mistake.

43% Raiblocks? ouch... hope you at least cashed out when that coin peaked.

[MascharonoM]

You are rich, just quit and invest in offline business though you could still use some little percent like 5% for Crypto currency and cash out all 95%...I wont even make upto this before i will call it quits.. 

What offline business do you recommend guys? And for your consideration which Crypto do you support or think legit? I have been looking for few Crypto projects in the recent months. I need a project which can help me analyze business scientific data. SciDex is my best priority.

What's your opinion in SciDex please?

[lubah]

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.

Boy, congratulations, you're lucky. I advise you to withdraw only 25% of its profits, but not right now, and wait until the price of bitcoin and other altcoins rises. When bitcoin will be about 10-15K$ / and the rest of the money just leave for your children in the account. You can of course still buy some interesting coins, which in the future will definitely grow and also invest in crypto. At each peak, you can fix and withdraw your profit.