To be specific, what are the risk factors of Bitcoin? Losing your money to hacks and mistakes or Bitcoin price dropping to zero? I have heard so much about the risk of Bitcoin, so much that we need to put it into context so others will understand and take caution. Unfortunately, a lot of people singing about the risk of Bitcoin cannot specifically say what the risks are and the highest they will say is that Bitcoin is volatile and therefore risky.
Maybe most of them will say bitcoin is not real, we can't touch it we can't see it and it's probably money game
Perhaps you were inspired by CZ who quit his job, sold his house to invest in Bitcoin. Remember he advised that getting another job would not have been difficult for him. So, I guess you figured out how to survive without a job and still hold Bitcoin.
So tell me, since you were all in in crypto, how were you paying your bills? Were you selling part of your portfolio to feed and pay bills? What method did you adopt in accumulating your assets? I am asking as the time the price of Bitcoin was not up to the $45k where you sold, meaning you were selling in parts to feed and also pay your bills.
Your approach is not perfect for me because I don't believe in selling all my Bitcoin holding at once. You will definitely lose a good portion of the profits you would have made. Imagine you sold at $45k yet the price went higher to $69k. If I am not mistaken, most of the funds you realized from selling your Bitcoin have been channeled to shitcoins or other things.
The best would have been to sustain your job and invest in Bitcoin gradually and not with all you've got only to sell them all off at once.
Basically iam salesman but iam full time in crypto. one of my service is facilitated people who want cash out crypto into fiat below exchange rate.
At first i accumulating my crypto from bounty program and I usually pay my bill with credit, maybe i spend alot thats why