Where your hard-earned money comes to die. Home.
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Dont know when to cash out of crypto bros
Poast new message in this thread
Date: January 14th, 2018 1:17 PM Author: white dog poop (http://www.autoadmit.com/thread.php?thread_id=3859234&forum_id=7#35153545) |
Date: January 14th, 2018 1:25 PM Author: provocative drab dysfunction associate dont know but probably best to take a little bit of profit here and there instead of just cashing out all at once (http://www.autoadmit.com/thread.php?thread_id=3859234&forum_id=7#35153610) |
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Date: January 14th, 2018 1:34 PM Author: white dog poop yeah dude
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Date: January 14th, 2018 1:42 PM Author: Tan histrionic rehab How much have you made... what is at risk? (http://www.autoadmit.com/thread.php?thread_id=3859234&forum_id=7#35153749) |
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Date: January 14th, 2018 2:10 PM Author: white dog poop 98% of net worth is in crypto (http://www.autoadmit.com/thread.php?thread_id=3859234&forum_id=7#35153957) |
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Date: January 14th, 2018 2:11 PM Author: Tan histrionic rehab How much... any big gains? (http://www.autoadmit.com/thread.php?thread_id=3859234&forum_id=7#35153962) |
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Date: January 14th, 2018 2:26 PM Author: supple coral point Yikes (http://www.autoadmit.com/thread.php?thread_id=3859234&forum_id=7#35154091) |
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Date: January 14th, 2018 2:11 PM Author: Vengeful background story Don't. Eventually take out your initial investment and just yolo the rest (http://www.autoadmit.com/thread.php?thread_id=3859234&forum_id=7#35153966) |
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Date: January 14th, 2018 2:20 PM Author: provocative drab dysfunction associate may pull out more than that for a down payment on a house. hesitating because the bay area is so expensive though (http://www.autoadmit.com/thread.php?thread_id=3859234&forum_id=7#35154026) |
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Date: January 14th, 2018 2:33 PM Author: Rose Den Just do "invest in" a wife and a home in mexicalishitlibkikeico (http://www.autoadmit.com/thread.php?thread_id=3859234&forum_id=7#35154154) |
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Date: January 14th, 2018 2:34 PM Author: provocative drab dysfunction associate lmao. only thing keeping me here is my family (parents and brother are here). (http://www.autoadmit.com/thread.php?thread_id=3859234&forum_id=7#35154164) |
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Date: January 14th, 2018 2:41 PM Author: Rose Den Maybe time for a reverse Beverly Hillbillies? (http://www.autoadmit.com/thread.php?thread_id=3859234&forum_id=7#35154220) |
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Date: January 14th, 2018 2:34 PM Author: Vengeful background story 180 (http://www.autoadmit.com/thread.php?thread_id=3859234&forum_id=7#35154162) |
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Date: January 14th, 2018 3:28 PM Author: 180 chocolate station This is what I'm planning on doing. Live in an area with comparable COL. I'm probably more conservative than a lot of people though. This is how sometimes map out tough decisions. Do the best case and worst case for each path. This assumes you'd still have a a big chunk if you took out down-payment.
1) Take out down-payment money -Best case: you have a house, and crypto continues to blast to the moon and you still make a ton of money in next couple years. -Worst case: you have a house.
2) Don't take out down-payment money -Best case: you become objectively rich and easily get a house outright (or with like 50% down or something). -Worst case: you end up with nothing. |
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Date: January 14th, 2018 3:30 PM Author: provocative drab dysfunction associate have the same thought process, so i know where you're coming from. when do you plan on pulling out ? (http://www.autoadmit.com/thread.php?thread_id=3859234&forum_id=7#35154493) |
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Date: January 14th, 2018 3:41 PM Author: 180 chocolate station I will seriously start considering it when I could get the house, and have 50% remaining, taking into account the taxes I need to pay on what is pulled out. But that is me, and I'm again more conservative than most it seems.
I'd also take the risk of trying to time it to a degree on the overall market. It'd be hard for me to sell right now in the midst of a correction (not that I'm there anyways). To help gauge this, my GF is on strict instructions to tell me anytime she sees a reference to crypto in the mainstream media or pop culture, from a random friend, etc. It sounds like a joke, but I've been studying bubbles and crashes, and think it is important to keep tabs on the overall pulse of things, outside of the crypto-insider mania. |
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Date: January 14th, 2018 3:42 PM Author: white dog poop BOOM
https://www.nytimes.com/2018/01/13/style/bitcoin-millionaires.html |
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Date: January 14th, 2018 3:53 PM Author: 180 chocolate station Lol, I saw this. Good for the short term. (http://www.autoadmit.com/thread.php?thread_id=3859234&forum_id=7#35154747) |
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Date: January 14th, 2018 3:31 PM Author: white dog poop yeah, but taking out down payment money will fuel a never ending cycle of me having to sell crypto to pay tax on crypto. bleh (http://www.autoadmit.com/thread.php?thread_id=3859234&forum_id=7#35154500) |
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Date: January 14th, 2018 3:35 PM Author: smoky potus whorehouse (http://www.autoadmit.com/thread.php?thread_id=3859234&forum_id=7#35154537) |
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Date: January 14th, 2018 3:37 PM Author: provocative drab dysfunction associate eh, not too concerned about that brother. gotta pay taxes eventually (http://www.autoadmit.com/thread.php?thread_id=3859234&forum_id=7#35154563) |
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Date: January 14th, 2018 3:38 PM Author: plum brethren base can't u limit your taxes a bit by also doing a mortgage and getting a tax deduction? (http://www.autoadmit.com/thread.php?thread_id=3859234&forum_id=7#35154572) |
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Date: January 14th, 2018 2:19 PM Author: concupiscible ape eventually i’m going to look up at my portfolio, realize i’ve accumulated an insane amount, panic about potentially losing it, and decide to cash out over time. hopefully this happens when spirits are high. maybe i’ll hold a few ethereum as a lottery ticket. otherwise i’ll never look back (http://www.autoadmit.com/thread.php?thread_id=3859234&forum_id=7#35154022) |
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Date: January 14th, 2018 2:26 PM Author: white dog poop yeah i dont want to cash it all out because i think at least eth will probably continue to rise in the next 2-3 years. but who knows, it could also crash too. im considering selling like 15% of my stack. it would be 3x more than my original investment. i dont really need the money for anything, but it would be nice to park in some vanguard retirement funds. that way if it all crashes 90% i wont killself etc (http://www.autoadmit.com/thread.php?thread_id=3859234&forum_id=7#35154094) |
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Date: January 14th, 2018 2:33 PM Author: supple coral point Before the crash, preferably (http://www.autoadmit.com/thread.php?thread_id=3859234&forum_id=7#35154158) |
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Date: January 14th, 2018 3:02 PM Author: white dog poop thank (http://www.autoadmit.com/thread.php?thread_id=3859234&forum_id=7#35154361) |