/biz/ - Business & Finance

>>2407821
>At that point I would diversify it into reality. Buy some property if you can, for instance, but don't make your lifestyle a lot more expensive; make people rent it.

I considered this, but there are two problems:

1) I have to buy real estate with money from bank account, which means I have to transfer crypto to bank account and pay capital gains and then do all the paperwork to explain to dumb local IRS where the money came from and that it is not from randsomware.

2) The real estate prices in my country are overly inflated. The apartments that cost about 300'000$ to purchase can be rented for about 900$ a month. Which is something like 0.3% yield only and from what I know one should follow the 1% rule.

Buying land and building a home might be a better choice, but I am literally doing that with money from my other business.

So if I had to sell this crypto the best choice for me would be to use Bitcoin credit card services and fund my stock broker account directly from crypto, avoiding the banks altogether. But as I said, all the norms are talking about stock market crash and it would be probably a better idea to sell crypto at ATH and buy stock market at ATL. Hard to time, but if you manage it, it would be a sweet, sweet deal.

Pic related, how I feel right now.

>>2334014
fix'd