/biz/ - Business & Finance

if real post just take out 100k desu

It'll make your gains feel non-ethereal and you can buy some neat waifu figs for ur neet hovel

Take out half put a big down payment on a home

>>25624700
Nice joke anon

>>25624599
congrats bro im in a similar position but way less money but its changed my life if i was you id profit take a little then put some on an exchange with a stoploss

>>25624599
>I have 400k... I could buy a home now where I live.
Don't do that, still take out a mortgage so that you could keep the majority of your cash in BTC.

>>25624647
>>25624700
Thank you, I talked to my dad about it and I really think it's the smart decision. It just hurts to take out 50-100k and see a little over 2.5 btc gone... If this really turns out to be the next generational store of wealth, I'll be haunted even looking at my house, but this recent pump is going up way to fast. I've been in the game for 5 years and this is the first time I'm feeling that it isn't sustainable in the very short term.

>>25624700
Exactly, even if he cannot end up affording the home after a while it will gain in value and he can sell if for more traditional profit.

>>25624599
Cash out. NOW.

>>25624754
I was considering it. I moved 5 BTC to coinbase pro and seeing it near 200k USD with 1 click of the sell button is soul crushing. I can't believe it's real. I guess holding this long, it's easy to forget that this is real wealth, but damn I'm torn. I really don't want to sell yet. These fake outs are brutal too, it could trigger my stop loss and keep going. I just can't believe BTC is literally having 4K+ daily candles now. It's surreal.

>>25624599
Take profits. Always take profits. I have held the top too many times, having that money secured is unbeatable. If youre feeling confident buy the dips after.

>>25624599
why the fuck would you sell the scarcest asset in the history of mankind for a shitty house that you can finance at a sub 3% interest rate, and fiat inflation will make your debt load irrelevant
quit being a pussy and just keep stacking and holding

>>25624700
>half of $400K
>for a down payment on a house
>>25624769
>50-100k
>for a down payment on a house
Is this why young people haven't been buying houses?

>>25624599
take out 100k if you need to OR YOU COULD 40X LEVERAGE FOR THE NEW ATH TOMORROW

>>25624599
sell .5 btc that way atleast you never took a massive L and got your initial + more back. Honestly no need to keep holding forever, better to take some profit on the way up. Nobody actually knows where the top is.

>>25624599
Honestly anon, if you have the stomach to live NEET another couple years I'd suggest just hodling another couple years. Those 2.5-5 BTC you cash out on now could prove to be the difference between you being couple million dollars richer. You made it this far, why cash out early.

Alternatively, you could pledge some bitcoin as collateral to take out a loan in fiat to get a home if you really want to. Just don't give up your BTC yet is what I'm saying.

>>25624914
That's fair

>>25624952
I was thinking taking out 50k, putting 10% down and keeping the rest.

>>25624599
why did i have to be such a stupid kid this could be me

>>25624769
weak hands

sell faggot

>>25625243
weak hands? I haven't touched my btc since I bought them 5 years ago

>>25624599
>do you need the money?
No? Then don’t sell
>yes
Then just sell what you need + taxes

Don’t swing trade. You’ll realize huge taxes and that will automatically reduce what you can buy back and it may just keep mooning.

This is the only advice worth reading

>>25625168
should've bought drugs from the dark web faggot

OP please take your profit, please. Invest in something tangible like real estate, please. You are always guaranteed to have that land/house, the price of crypto isn't. Please take your profit and start a better life than 99% of millennials are living right now.

>>25624599
lol 400k is nothing retard

>>25625280
How much did you pool in all together?

If the answer was less than 100k, then don't sell. Wait for it, and let your gains wobble and bitcoin choose whether it wants to be the next generation of store of wealth.

Put a sell order that is 200% your initial pool of investment, to trigger if it dips to that point.

>>25624769
>first time I’m feeling that it isn’t sustainable in the very short term
What a larping faggot you are, you didn’t feel like that when it went 5x in 3 months in 2017? Why the fuck do you feel like that when it’s only just doubled in the last 3 months

>>25624769
Having a house is like an investment itself. Let yourself have a house, it's dope. Go to Tampa or something.

>>25624599
If I were you, I'd cash out enough for a decent year, just in case. For me a decent year is 30k lol.

>>25625653
Buying an asset at the top (like real estate) is a subpar investment. The last 90 years will not be just like the next 90 years.

>>25625493
Fucking this. We are only starting this bull wave. USD is collapsing and Insto knows it. No one is selling. The risk is as it always has been: gubbmint but this time is different. In the past the risk was the establishment protecting muh petrol dollar and calling in the gubbmint. The establishment is literally long BTC now.

>>25625790
>an asset at the top (like real estate)
Real estate is at the bottom when you properly account for inflation rate (very high) and interest rate (stupidly low).

hello

>>25624647
BASED RORONA POSTER

>>25624700
every time

why not just take out a fucking loan on aave or fucking farm with this amount holy...........

>>25624952
Depending on where the person lives, 20% down payment on a house could be as low as 50k and as high as 300k, just for an okay house in a low crime area

>>25624599
Keep holding bro, you’re going to be one of the worlds richest men and all you had to do was be patient. Do not waste it on a house.

>>25624599
Nobody has ever gone bankrupt from taking profits. The pain felt from selling too early is much more tolerable than the pain from selling late.

The feeling that you had life changing wealth in the palm of your hands and let that slip away because of your greed still haunts me to this day.

>>25625347
i did when btc was at 6k but i only put in enough to get what i wanted. my 0.17c is still in my acc

>>25625359
>You are always guaranteed to have that land/house
Unless it burns down or kangs move in next door and plummet the value

>>25624599
>"what bitcoin?"
>buy island in three years
>like a small nation

>>25626592
>Unless it burns down
If only there some sort of way to insure against that.

>>25626592
>Unless it burns down
If only there were some sort of way to insure against that.

>>25626687
Some people have no imagination

You are over extended as fuck. Cash out $200,000 and change your life now vs watching a number. Actually, you should sell all of it and only buy back in when we're inevitably under 35k at some point in the future.

>>25624769
>this recent pump is going up way to fast
Same. At this rate, we're either going to fizzle out "early" at $90,000 or go to some astronomically high value past $400,000 from people jumping in to combat inflation and there's no middle ground and I'm terrified

>>25624599
>By nightfall

CASH IT

>>25624599
I hit 400k in 2017 it was the biggest mistake of my life not selling any. Went down to 30k

Dude, we don't care. Just do whatever.

>>25624599
id cash out. you are sat on some serious suicide fuel in the (extremely likely) scenario this coin crashes.

well done dude. I can only tell you what I'd do in your situation. I'd sell half now and buy a house that you like and want to live in. But one that you believe will have value in the future and that you can also rent out to generate cash. Use the the rent to pay off the the rest of the mortgage. Keep your other bitcoin..for now. I actually don't believe in bitcoin in the long run. I am Peter Schiff retard,but that's me. Bitcoin probably will break 50k, I'll be fairly surprised if it breaks 100k, but anything can happen. But like some have said here. Take profit and use it to buy something REAL and TANGIBLE. Selling your BTC to put towards a solid house that will still generate cash from rent isn't a stupid idea.

>>25624599
>My gut is telling me 100k is really going to happen though
See pic related. I'm thinking 50-60k but I'm not an expert or anything. Honestly you've mad so much it makes sense to start cashing out now. We're looking a lot like 2018 in my opinion. I would slowly start selling off 2 bitcoin per week. That way you're still getting some of your money so you don't lose it all if this crashes again. If you really think 100k could happen then hold on to one or 2 of them.

>>25624599
>PLEASE TAKE PROFIT
holy shit ignore these retarded plebbit replies anon wtf just hold we are just starting

>be me
>hmm I should sell some and take a profit
>but where would I put the money?
>cash loses value
>stonks also overvalued
>real estate overvalued and the down payment I could finance anyways
>bitcoin is the only logical choice
Glad I already have stock and crypto bags not sure I'd be buying anything right now desu
I have about 8k cash I don't know what to do with too

>>25624599
Yes it’s a top. Sell it all now. 100 % serious, or you will regret this when it inevitably crashes.

Screen cap this, so when you keep holding, you can feel the pain of regret

>>25624599
Here fren : https://www.blockchaincenter.net/bitcoin-rainbow-chart/
Don’t sell yet-yet but you can sell a part soon if it rise too high too fast

Put 1 BTC into PNK. 1 Bitcoin into LINK. Sell one BTC to NEET for a year or two. And put half of that 1 Bitcoin into gold

>>25624599
lol don't buy a house. It's 99.9999% certainty that you are buying into one of the most overvalued asset bubbles. It's literally worse than buying BTC right now, it will just take more people down with it when it blows, and it's going to take a bit longer. Capture enough profits to last a couple years, set some sell targets on the road to 100k. Selling 10% at 50k, 10% at 60k, that kind of thing. Leave enough for moonshots. Buy back in on the retraces and when the bubble pops. Most people let their paper gains end where they began: on paper. Take profits. If you want, grow some balls and actively trade if you want to stay in the game, you'll have the money for it. Keep at least half your BTC for the long run.

>>25624952
I'm buying a house soon in Toronto for $950k CAD and doing 20% downpayment. That's $190k.

>>25628519
some stocks are overvalued. Most asset classes will retrace 30%-80% at some point over the next few years. Some will not. There are plenty of incredible buys right now in the commodities, cybersecurity, and metals markets.

>>25629177
This. Buying a home is literally the dumbest fucking possible thing you could do right now. Like I said above. Actually I’m revising what I said above. 1 Bitcoin into Link. 1/2 Bitcoin into PNK. And sell 1 Bitcoin and put half into silver and half to NEET off of.

You need to understand something OP. Even if you diversify and or sell. Say 3-4 bitcoins. Having 7 bitcoins is more than 99.999% of the population. And fiat is imploding also... so this is why you should secure 10k into metals too

move those btc's to cold storage then sell them for cash or trade for commodities later on.

if you're not a retard youll know why im saying this

>>25629177
>>25629288
If you can live with your parents of course don't buy a house. But if you are paying rent buying a house on mortgage is by far the smartest thing you can do, because it's basically just changing your rental payment into a monthly investment payment in equity (granted home values probably will only rise at a little more than inflation compared to stock market or other potential faster gainers, but at far less risk).

>>25629369
Yeah except if you lose your job/income you are fucked.

>>25629504
This is always the case.

>>25624599
Bruh just buy a shitty house/condo where you live and let the rest ride

>>25629336
whatb are taxes for 700

>>25624599
That gut feeling is euphoria. You better sell at least 2 of those bitcoins

>>25624599
>My gut is telling me 100k
Me too. I feel like it's got another huge leg left. I just can't tell how fast its going to push. There is nothing blocking the price.

>>25624599
Alt season just started this past week. You know what to do.

>>25625359
This you could rent the house out and still live w your parents

>>25626783
you missed the part where joggers move next door. there's literally no cure for that

>>25624599
It's time to move into alts. UNN is bottomed and hasn't run yet. Clock's ticking anon.

https://www.dextools.io/app/uniswap/pair-explorer/0x7f1da3697236d4a5e0efd2a99de5d9c076937856

>>25624599
Get into real estate.
lucky number 77

>>25630079
>>25630150
>>25630285
>>25629958
>>25629177
>>25627929
>>25627620
>>25626977
>>25627001
>>25626950
>>25626387
>>25626381
My niggers... Fuck it. I'm holding to 100k. These hands are made of diamonds forged in autism. Go big or go Home(less)

>>25624599
dump everything into lowcap shitcoins and do a 10x

>>25624599

checked dubs! :)

If you held that long, you wouldn't even think about selling right now. Go post your fantasy shit on reddit.

>>25630285
Alt season doesn't exist. Sorry.

>>25624836
>I can't believe it's real.
The game never ends anon. BTC will never stop. You're gonna feel dumb when you realize you don't want to buy much with the 200k.

>>25624599
>My gut is telling me 100k
dude, realize that the whole point for you of getting rich this way is because 1. you dont know shit and 2. you dont want to have to learn shit. Don't go with your gut and intuition, you haven't experienced the harships of working life for long enough to be making this decision. Take money out now, at 24, and start a business where you actually produce value for a reason you can state. Otherwise, you're going to be the most miserable sack of shit I hire at Planet Fitness in a year

someone get the pot imma about to reheat this pasta

God fucking damn is everybody in this thread a newfag? This pasta is from 2017

>>25624599
>You've held BTC for more than a year.
Enjoy the long-term cap gains of 25% max. Hope you live in a place like TX or something with no state cap gains.

>>25624599
You came all this way and still don't understand the 4 year cycle?
Watch Bob Loukas, he'll get you up to speed
The top is coming later this year nov-dec timeframe

>>25624599
nice larp homo

>>25624599
Do you hold any ARPA or Bella Protocol? If not, make that a priority, especially if your gains are in BTC or ETH.

>>25624599
definitely take out half if you're truely feeling it

>>25624914
This desu

>>25630575
upboated!

>>25630416
retarded

>>25630588
stay mad, i bought each at 294$

>>25631783
So you work at planet fitness? This post screams saltiness, you claim I don't know shit and assume that "I just got lucky". I did my research on Bitcoin in 2015 and saw it to be the future. I was right, I'm sitting on 400k because of an investment I made. You want to go claim people who bought Apple @ 1$ a share were just lucky and don't know shit? Get fucked you dumb fuck, I hope you sit in your shitty car after work and think about how I have better footing than you ever did at my age. I'm working on my apps to get a job as a software engineer and I have cousins that work in FAANG, already have a Bachelor's in Comp Sci. Just because I'm a NEET now, doesn't mean I'm a NEET forever. Your tears taste so good. Stay mad bitch

>>25631810
>>25631834
It's legit nigger

>>25631969
so salty, just because you're 29 with 0.1 btc doesn't mean a 24 year old can be doing WAY better than you ever were.


I'm holding fuck you niggers, this is too easy

>>25624599
remove chainlink ethereum and monero then the meme is good

>>25630368
If I were you with that stack id ladder my sells and sell 20% now and put a dosn payment on a house or start a business and take the other 80% long term

>>25625168
Why did I go to college to get shitty grades and no sex no money

>>25624599
Profit take. Your at the perfect place to do it. If it moons, you’ll have a ton of money to start a business or invest in boomer gains with dividends. If it only goes to $100k you’ll still have a copy lair. Ask yourself, how much happier and more productive will you be with a house paid off totally in cash that you can sell for profit later? Not worrying about rent?

>>25630368
this is the way

>>25624599
many such cases

If Bitcoin goes to 100k, microcaps are going to 1000x. I'm buying UNCX and 0^x^M^R^

>>25625280
5 years is nothing

Congrats

I became a millionaire yesterday too. Diversify anon

https://stocktwits.com/message/270253028

Cash out 2.71 BTC now
another 4 end this year
congrats

>>25634146
nope. 0xmonero is still vaporware bullshit
just like the last hundred times you spammed it
shut up
https://www.reddit.com/r/CryptoMoonShots/comments/i27fhk/0xmonero_summary_of_findings/
>>/biz/thread/S24750658#p24755504

OPs ID has KEk

>>25624599
join us from the top. join us. I'm making new waifu with ARPA. her name is bella

>>25624599
Wait till it hits 150k.

Watch chart in 2 months. Thank me later and send me those 0.71 btc

Listen to your gut
It brought you here, right?
Might want to diversify a bit, anon
Dyor on dmg and HODL

>>25624769
I mean, if you don't need 50-100k in cash right now, don't sell any of it. You're 24, just chill at your parents house and eat their food, and focus your energy on other stuff

>>25624647
memes aside i don't understand this
take out $100k, you pay 30% in taxes
now you have $70k in the bank. either you don't qualify for neetbux anymore or it is at least slashed as a result
invest $70k even 100% APR in the traditional market and you make a measly 700 bucks per year
with the way taxes and the entitlement system works, there's literally no point of cashing out before you can cash out at least a full million

>>25628519
yep this is me as well
i'm taking profits in the form of converting crypto to stablecoins the higher we go, but that's mostly to buy the dip after the inevitable crash in weeks/days
i want nothing more than to invest in the stock market for a passive 4% per year, but buying at current valuation is suicide-tier

>>25624599
>dollars to butcoins
Always
>bitcoin to dollars
Never
Idk how else to explain this but you currently control more wealth than your brain is capable of fathoming
You're looking at something in the neighborhood of several trillion dollars if you keep it and wait for every dollar to be consumed by the righteous fire that is btc in runaway hyperinflation
None deserving of this responsibility will hodl

>>25624599
Sell 1 btc a week
That way you won't kys if we moon right after you sell everythinh

>>25624599
OP I went through the same thing in 2017 when I was 24. It went from 20k to 400k to 1.6 million in a few months then dropped down to 900k and I sold. Only worked as a dishwasher and cashier before that.

>>25636518
many such cases
i hope you have a long stake in what gave you all you have
i’m beginning to think bitcoin is a force of nature

1 btc is worth half a house in East europe
so send me 2 pls
thankies
bc1q9l4dk97d8ta0edqe0qsjn6k727qj4fzs6dvs6r

>>25636518
>>25636552
I only have two now. Fuckkk I would have 3 million right now if I held everything but there's no way I could have gone through holding all those years of it going down to 3k - 5k and shit.

>>25624599
Six figure hell

>hourly e-((("""coin"""))) pump n' dump threads

>>25633757
there is still property tax

>>25634577
Kek has blessed me

>>25636518
That's awesome, congrats, you should be super happy honestly

>>25636569
fuck off

>>25636605
I'm happy, don't care, I intend to sell my soul to a FAANG company and make 300k/year and invest 90% of it.

>>25634229
Holding BTC for 5 years is nothing? You must've bought in 2009 huh? dumb fuck

>>25634251
Wow, well done. But robinhood? fucking why

My 134 IQ brain says we're going to 400k this year so I'm holding

>>25624599
>>25624599
why not invest your money to begin with and not work a job?

>That's awesome, congrats, you should be super happy honestly.

>>25636705
Yeah I am, it completely changed my life. Honestly it still baffles me years later that it happened that way. Definitely recommend getting a high end accountant though when you go to cash out that amount of money. There's still a lot of gray area in crypto that a skilled one will exploit, don't go for the one's that just wants to be as conservative as possible.

>>25636575
two? bro you’re jacked under no circumstances do you ever convert that crypto to fiat
do you understand?
>crypto to fiat?
no
>will i convert my crypto to fiat?
no
>why
because btc represents the total potential energy of the planet and you have a piece of a pie so big it’s beyond human comprehension

>>25624599
If I were you I'd sell a little, probably like 5-10% of it or so. That's enough to improve your life in a real way, but not so much so that if BTC moons for the rest of our lives you won't regret it. There's not a big difference between having 90 million and 100 million dollars, but there's a big difference between having 0 dollars and 40k, especially as a young neet.

>>25636904
>two? bro you’re jacked under no circumstances do you ever convert that crypto to fiat
>do you understand?

Yeah I more than understand that. The two isn't even for profiting, it was the hedge for when / if crypto becomes synonymous with money.

>>25624769
just get a defi loan and buy your house stupid

>>25636904
And also I didn't fully comprehend that two is $74,000 right now, ahahah what the fuck. I hadn't been paying attention to it on a daily basis. I'm still psychologically used to 2 BTC only being a few grand.

How I can park gains without creating CGT / tax event ?

>>25624599
I have over $200k. There's no fucking way I'm cashing out. Stop being a weak hands faggot.
You're 24, you don't need it yet. You'll be a multimillionaire by 29 ffs. Get a hold of yourself

>>25624599
>I bought BTC with my minimum wage wagecuck savings from when I was working in 12th grade in 2015
This is a LARP. You would have sold at $20k in 2017.

ANON. Don't be fucking dumb, take some profits. Right now, sell a couple BTC and buy 100 acres in the woods in a temperate climate (preferably near the border, up north- PNW for instance is prime weather year-round for survival. Make sure you get some water rights, a well, or a river etc. thats on your land. You'll want to keep some cash for the tax yearly.

This is euphoria, this is not real life. Even if BTC does go to 200k-1m, you will still be filthy stinking rich. But if it crashes, if we get fuckjng solar flared, if BTC gets glowed the fuck out and regulated to fuck. , you've got somewhere to go. Thank me later.

>>25624599
You done great anon!
Almost in a similar situation as you, except got in 2016 with my wagecucking apprentice pay.
$250 -> $170.000

Have withdrawn half a bitcoin over the past 4 years, take out like 1-5% and the gains will not be hurt -that much-

>>25629230
Just curious for your shouts on cybsec, been looking at CRWD, CHKP, FTNT and FEYE

>>25624868
Listen to this guy. The amount of times i've said to my self to just hodl, wait a little bit longer only for the price to come crashing down is to much. You don't have to sell all, but take profit.

>>25630368

It is the right decision. Just make sure you can emotionally weather the coming 30-40% drawdowns on the way to the top.

>>25637153
Why do that? He can wait 4 years and 10x. Why touch it now?
OP, live your life as one of the privileged few who has total financial security. You are going to be a millionaire. Congratulations. Don't fucking touch it you weak eb. Everyone who cashed out regrets it. Think about it.

>>25624599
Hold muh man. We are heading for the moon.
Turn that 400k into a Mill and you can be a Neet forever.

>>25637203
Wait. All hodlers are feeling smug af rn. What are you talking about?

>>25629153
This is the most ass retarded advice I have ever fucking read. Promptly kys you fucking zoomer.

>>25637204
>>25637131
Looking back on it that deal or no deal shit was torture. There were so many fake outs on the way to 20k that reaffirmed "having iron hands" and it seemed like it was only there for a blink of an eye. It started to rise so fast you had no idea if it was a dead cat bounce or if it was going to go to 40k the next week.