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.
It doesn't mean that rank newbie is the basis of not having coins in crypto currency world, there are also types of person who is inside this forum, some of them are traders , gamblers, investors, and so many more, maybe you were shock that such an individual already have that huge amount, but, maybe you're thinking wrong about OP. Many millionaires in the outside world and their source of income is from crypto but is not here in the forum.
P.S. I think OP should HODL 50% of all of the tokens/coins he have, and then the 50 should be keep on rolling. Investing, or trading. Then you'll be sitting pretty in the right time schedule.