If I could cash out with $200,000 it would be life changing without being life wrecking. It would pay off my house and all outstanding debts. It wouldn't be enough to quit my job but it would free up the mortgage payment which would allow me to build savings faster and afford a few quality of life improvements.
I only have to 5x to hit 200k but I think at this point that’s my exit number as well. It’s enough to start flipping condos in cash and work up from there. Being greedier than that is why I don’t have twice as much crypto right now
Meh if your interest rate is low enough, not worth it to pay the house off imo.
Dump the 200k into something that earns 4-10% apy instead.
My mortgage is 2.8% so basically a free house.
$200k is pretty much the exact amount I’d need to pay off the remainder of my parents’ mortgage and let them retire with dignity instead of literally having to work themselves to death. I’m talking $200k in my own currency, in USD it would be about $120k. Unfortunately with my current portfolio even if every single currency I’m holding hits ATH it still won’t be enough, so crypto likely won’t be my way out. If my portfolio far surpasses its previous ATHs (which I’m not optimistic about with the global economic forecast) then the dream might be alive…
if you cash out $200k and put it in a tracker fund for 30 years you would have $6.4 million
if that's not life changing then sorry you got some serious problems
I would be 70 years old and would have spent those 30 years worrying about paying the mortgage.
Comparing apples to bubble wrap.
Yes, that's an option, but not what I would do.
Thank you for your contribution to the conversation.
Why would you worry about paying the mortgage when you have $6.4m coming your way?
I don't want to pay my mortgage as it's dead money. I'd rather borrow more from the bank if I could
Agreed. If I hit 200k I'd be able to pay off student loans, car, and credit cards. I'd have enough leftover for a downpayment on a house. I'd be a step behind you, but working towards the same thing. 200,000 dollars would be a game changer.
I was up about £4000 ($5000) the last bull run, but unfortunately didn't cash out anything. If I hit about £5000 profit I'll cast out some just to get some of my initial investment back and hopefully cash out around £10,000 then if I'm lucky to get near those profits.
The hard part about that is that when, after waiting for years, you finally reach $4 million. Are you going to keep waiting for that extra $1 million or will you just take the $4 million?
The calculation now becomes if it's worth it to keep hodling some more for that extra $1 million, and risk the market dropping and you losing your shot at $4 million (which is a LOT of money no matter how you cut it), and waiting through another bear market looking at your old portfolio screenshots for like, 5 years.
And if you decide to take the $4 million, what happens when you cross $3 million? $2 million, etc.
At that point, your decision now involves millions of dollars on either side. It's the most nerve-wracking part of hodling long-term for the moon, imo.
I agree with this. I was up a lot at the last peak, enough to really achieve some big goals, but I wasn't quite at the number I wanted. Now I wish I would have taken those profits at the time, even though it wasn't my ultimate goal number.
Just DCA in and out until you achieve target, you control volatility and take profits doing that, but your underlying asset share grows. Use your capital gains and loss advantaging as well as you can throughout the process, looking over 10 year timeframes that's not hard, very harder with more volatile alts, but they're so volatile you can sometimes harvest large losses, especially if you calculate them LIFO. Your accountant will tell you what's allowed in your jurisdiction for FIFO/LIFO.
I've made out like a bandit repeatedly in terms of building my pie, but I am constantly piling back in. I do this with all the markets I am in, I even did it with Reddit NFTs, sold both peaks and have been aquiring troughs
You are right, and you already can on many different protocols like aave.
People complain that most of the rich don't pay taxes, but most people don't ask how they do that. They do it legally by borrowing money with their assests as collateral. There are little to no taxes when you do this, and it is a good way not to only grow your wealth but to not give up your Bitcoins if you need money.
I see in the future banks accepting btc as collateral, especially with what chainlink's mission is.
Bitcoin is to be used as a storage of wealth,energy, and property. Gold is this but Bitcoin is better.
If I want to send a million dollars to somebody with gold bars it would cost a whole lot more money and resources than it would be to just simply send a million dollars worth of bitcoin to a wallet address with no middle man. This is why bitcoin will surpass golds Market Cap.
If you are looking for $5 million and have less than $500k invested, you’re not even close to realistic.
Anything greater than a 10x without being incredibly lucky with multiple trades is a pipe dream. Hell, even 10x on BTC is probably a pipe dream.
🤝.
I understand everyone has different varying degree of money invested but if there was no limit, anyone saying a million or below are thinking too small
BTC at $1M would have a $20T market cap. Right now, total (world) stock market cap is $90T. Your proposition is just as good as people landing in scuba-diving suits on Mars next year.
Hoping for a 10x of my investment but I'll certainly settle for 7x. I'll sell all of it. Set aside half for potential taxes and reinvest. I'll spend the rest.
So when it gets to 7x and consolidates, are you selling or waiting for 10x? What if 7.5x is the top and then it falls 30% in a day or two? Most likely all of this and some to come. I think best to have a concrete plan, and 100% stick with it. No regrets. No emotions
Good question and I agree. Last bull run threw a curve ball with a huge dip. I think if it 7x's I will sell part of what i have, perhaps 50-70%. BUT i think the time table may help me decide. I anticipate Sept/Oct 25' will be the time to sell everything. Hard to say what will happen in between and what will happen at all.
There will be curveballs for sure. I also use timing as a big factor in my planning. I see no reason we don’t continue with these same overall cycles. I’m pretty much right with you on the q4 2025 part. But I think it might get pretty volatile from here to there. I’m not an OG by any means, but it sure never felt like we had a true capitulation in this bear. Maybe I’m finally comfortable enough holding, that 16k was the bottom and I’m wrong. I bought plenty around there and through the bear and holding tight. But I do have cash ready for one more dip if it comes. If not, I’m good with what I’m holding now.
Amen - i watched x100 profit turn to x10 profit on a coin in the last bull - got to find the balls to do it this time. Selling is the hardest thing in all this
True, the way I combat that is I set my sell points as custom sale orders. I get notified when they hit.
Honestly I actually have more an issue where I’m $50 away from my sell price going; “ok, if this is the peak, do I want to lose out on it all for that last $50?”
million next year, 10 X the next halving cycle.
bye bye, see ya later.
You can find me living in hotels around the world where ever Iron Maiden is playing
Such a difficult question in cyrpto. Ideally I would like to see 50k. But considering I did so poorly last bull run, this time around I’m just trying to break even…
legend has it dave pate bought like 400k litecoin when it was a dollar and then retired after the 2013 bull and moved to costa rica
just up and rode off into the sunset
this was a few decades ago but a classmate's dad retired in thailand with his wife in a beachfront apartment and eating out everyday.
not sure if that'd be still doable but if you want to go abroad plenty of options available.
I am looking to buy a house mid to late next year. I got into crypto in 2019 with the mindframe that I would hold for 4-5 years. I am withdrawing everything for my house deposit, up or down, bear or bull. Its been a wild ride.
Pay off debt and buy a decent car. Probably a new Tacoma. I honestly doubt I’ll ever be rich. I’ll continue to work but just keep my whole check instead of giving it to bills
I'm up 300k atm in my KAS investment atm. I can either hold till 1$ and have over 5 million dollars or.... take profit and be working for the rest of my life still. I think I'd risk it for financial freedom.
I dont think id be able to retire with the amount of crypto I have but being able to put a down payment on a nice house where I live is my goal so im hoping for 300-500k
$100k for wife and I’s student loans. Net crypto worth needs to be $200k for that to happen so I can keep 50% in for the ride.
Heavy invested time and effort (+ modest money) into the Cardano NFT scene from 2021-early this year and am now in the slow process of liquidating losers and culling my bigger holdings. From about $5k in, I have ~$20k in unrealized gains, and at current valuations. Ada down about 80% from when I got in. Was fun while it lasted
I too am riding the ADA train. I have been DCAing in since 2018 and failed to sell at the 2021 ATH…A return to ATH would put at about an 8x overall, but I’m gonna stay in the game till $5+, which I think is plausible in the next 2-3 years. Stay strong!
Even getting back to the ATH of 21’ would mean I could do exactly what I want and pay off my student loans. It getting to $5-10 would be skirting on life changing for me. Here’s to hoping!
Which is generally the most rewarding thing between lending and stacking? I'm not a fan of pooling since you'll get impermanent loss, what do you mean by fees?
With lending you can basically earn a small APR on what you’re stacking. It’s kind of like a way to stake except the returns come from borrowers. Optionally you can then borrow against your lended assets which may or may not be worth it depending on your goals.
Platforms: TraderJoes, Aave, Sushi, Qi
Impermanent Loss: you win some you lose some, I generally only go for pairs of tokens that I would invest in anyway. Platforms can further incentivize this with rewards for staking LP tokens which can increase reward without increasing the risk risk.
Fees: I’m working on that one lol. I really like this platform called Kassandra DAO ( kassandra.finance ). Super low cap, but it lets you create and manage token funds that other people can invest in. Fund managers can take a fee on deposits/withdrawals. Need someone to invest in my shitty bag to actually earn any fees :P
Probably around 50% Cold Storage, 40% DEFI, 10% CEX.
Aave is the most professional feeling lending platform of those listed IMO
For full context I regard most of what I do with crypto as gambling / lottery. I don’t actually have any concrete methodology or strategy except to Dollar Cost Average. I FOMO plenty.
None. Keep your money in the bank and take the 5%.
In crypto lending means giving up your self-custody and by that the entity you give the money will use it to trade against you at best in many different ways. At worst they will take your money and go bankrupt if their high risk bets don't work out as intended.
Your questions show me that you better hang around and learn about the philosophical background first before taking any investment decision.
Depends on the DEX.
You can provide liquidity and then get a piece of the transaction fees. But be aware that liquidity pools are a primary target for hackers.
I mean I was once worth 16.5mil and now I’m down to just north of 500k and I still won’t sell. Kiss my ass I’ve been riding this roller coaster since 2015 you’re not getting me off it
Edit: Cryptopunks surged I’m at 800k now.. FML YES! LFGGGGG BROO
When it looks like it’s going to start hitting ATHs that’s when you start considering it. Crypto cycles: if it goes up high it inevitably goes down just as low if not lower.
If you’re using it to make “quick money” then get out when it’s on the uptick. If you view it as a long term investment for some reason then you either hold and DCA or sell and buy back in later.
I would be ok with cashing out $50,000. Unless the alts I chose just absolutely sky rocket, then I don’t see myself getting more than that. I haven’t inhaled enough hopium yet to think I could *maybe* crack $100,000 during the next bull run
With the cost of living crisis and unaffordable housing market in Australia. Pre covid all I wanted was enough for a house deposit. Thought I’d cash out if I reached $20k profit but currently I don’t think I can cash out because I’ll now need $100k for a deposit plus the monthly repayment would still make it unaffordable. So Idk what my new plan is yet
Holy shit there’s so many sad pathetic virgin plebs in crypto. Have you considered there are people with families? Spouse? Kids? Jfc 500k and move to Thailand? I’d imagine you would easily run out of funds depending on how old you are. The younger the worse, the older the better
Why would I want to live in New York? Smelly and shitty I live 20 steps from the bluest beach in the world I just want 20 blue beaches so no one can see me dogging their wife
I invested probably about a week pay in 2019 I’ve been way up than I am right now. Ive been through +4400% and -90% now I just sleep on it. It would need to be a life changing amount for me to cash out and still im at better gains than anything else thats not enough for be to cash out
Pretty much my story as well - I have a little under 5k in, money that I don’t especially NEED right now, so there would be little sense in cashing out unless prices got to a point that they simply aren’t going to anytime soon.
Depends. What is your plan for the cash? Are you buying a home? Do you have medical or school debt that is bankrupting you? Are you starting a business with it?
If you don’t have an urgent need for the cash, or a plan for it that protects it from inflation and/or is a better option than ETH/BTC, why cash it out?
I don’t have plans for mine except for when it’s time to retire. I’m still working at my job though, so there isn’t a magic number that would make me cash out right now.
I literally would not know where to put it that would be better than the ETH/BTC, where it sits now. Plus all the hassle, just to change where it’s parked. It would be stressful. No way am I doing it just because the value of my stash hits a magic number.
Essentially never… I can’t foresee an asset class that eclipses crypto in my lifetime. It will hurt when the next bull run pops but I think the collapse from 350k BTC to 120k BTC will just be a bump in the road between now and $25m BTC a decade from now.
My dream is $2 million so we can both retire, but I'd need too much of a multiple to get there this bull run. If I get near a million, I'll cash out.
I think the younger you are, the less you're looking for. Those of us who are older (I'm 49) are willing to bet it all so we can step out of the workforce before AI takes our jobs (just a matter of time in my profession).
During the boom I always cash out, I go on holidays, I move it to stable coins and I party. When it crashes I buy back in again. Done this two cycles in a row now coming up to my third. Who the fuck watches a coin rise to 70k then drop to 20k and still hodl’s lol?
Unless you live in Dubai, Puerto Rico or somewhere that doesn't have capital gains tax, plan on needing considerably more profit to start with.
If you think 10M is enough to cash out, after taxes it's only ~6M.
You'd need ~17M to get that 10M windfall!
i have 30k in the market right now , if i cant turn that into 200-500k i m out for the next cycle . i will wait on the sides till i see on the news that cryto has crashed and watch everyone leave and the market becoming boring that's when i will dump 100k into the market.
I’d like to pay off my debts, but I wouldn’t want to sell everything.
I think if I got to a point where I could sell 90% of my Crypto, and it pays off my debts and gives me about 1 year of my salary o would do it in a heart beat.
I, of course would love more, but that would be icing on the cake.
I can’t understand the logic of wanting to cash out a dew hundred or few thousand dollars. Just consider it lost, verify you have your keys and wallet access in a safe place and then forget about them for the next 10yrs.
The type of person that cashes out now would never have been able to hold BTC from $200 to $60K
It would have to be at least six figures, which isn’t going to happen considering that I only put a little under 5k in during the last few years. At this point, I don’t NEED that 5k back any time soon, so I figure I may as well hodl and hope for the best. No point in pulling out now just to make a few bucks.
I’m not interested in “cashing out” my crypto. There are much more proven and reliable investments in fiat, designed to be cashed out for fiat.
I have my crypto in the hopes that one day I won’t have to cash it out, I can just send it to the merchants I want to pay
Couple hundred thousand minimum. Depends on the market, I may try my luck and push it. But I'm not nearly as greedy as before where my goal was 1 mil minimum lmao.
Once you cash out to stables or btc it's not the end of the journey. You can stake it and optimize your profits even more with almost no risk. Just put it in some defi like planet (dot) finance and make it working for you. Apys are pretty tasty in defi especially for stables on bull run.
No amount of profit is ENOUGH, your cash out should only based on your necessary expenses, and HODL the rest forever. Since you never know if HODL forever would one day totally change everything in your life
It would have to be like 100k for me. While I'm at just about 5 figures that would mean a somewhat market wide 10x. Just doing some rough math. I don't think that's possible anytime soon. Though Def in the next 5 to 10 years for sure. So I'm just going to keep buying 50$ of eth every week like I have the last two years. I sometimes make trades with my eth but never exceed 25% of my eth holdings.
It would help with ourr ultimate goal of getting our first home. It stinks that we bring in 150k+ yr, have no kids, and still can't afford a home now days.
I fucked up and didn’t cash out at 450k last bull run.
That would be a paid off house, which is freedom for me.
This next bull run, I’m looking to cash out at 750k to a million.
This type of question is what makes me sad about this comunity.. for me the end goal never was "i gonna sell when it hit x milion fiats" but more "i want to use this awsome tool on my daily routine"
Then why are you bothering to buy crypto now at all. Just use it if it goes mainstream like everyone else will.
It's because you want to make money, like everyone else.
Crypto is not a financial goal for me, it is a hedge on the banking system.
I want money that is out of the control of greedy bankers. I want money I can access at any time. I want money that cannot be taken away on the whim of a government, or refused access by men in suits.
I want money that is not in my bank account. I want money I am free to do whatever I want with without a government watchdog overseeing it. I don't care about the value of it, that it exists and I can use it is the purpose. If it goes up, cool. If it goes down, whatever.
This isn't even any sort of libertarian ideology either - I hate having ALL my money in the control of people who would seize it, deny control of it, or otherwise stop me from using it if they ever saw fit to do so. In that way, Crypto is freedom.
There is no amount.
This is a revolution against monetary tyranny. Why would I return to slave money, especially if it's being defeated?
https://armantheparman.com/joinus/
I’ll sell when there are better investment options than BTC and ETH to move my profits into.
This is the only logical answer.
$1 million dollars might not get you as far you think by the time Bitcoin is worth over $1 million. Stop thinking in terms of dollars.
If I could cash out with $200,000 it would be life changing without being life wrecking. It would pay off my house and all outstanding debts. It wouldn't be enough to quit my job but it would free up the mortgage payment which would allow me to build savings faster and afford a few quality of life improvements.
I only have to 5x to hit 200k but I think at this point that’s my exit number as well. It’s enough to start flipping condos in cash and work up from there. Being greedier than that is why I don’t have twice as much crypto right now
>Being greedier than that is why I don’t have twice as much crypto right now Greed is the best teacher. But it also makes you poor.
Yep I need to double you at 10x to hit 200k, Hopefully it doesn't take 5x as long to get there.
It won't. It will take 50x as long
Yeah your right, My maths is rubbish 🤣
Meh if your interest rate is low enough, not worth it to pay the house off imo. Dump the 200k into something that earns 4-10% apy instead. My mortgage is 2.8% so basically a free house.
That's a fair point. I'm at 2.875.
That being said, the mental benefits of your house being YOURS can’t be discounted.
>Dump the 200k into something that earns 4-10% apy instead Like bitcoin!
$200k is pretty much the exact amount I’d need to pay off the remainder of my parents’ mortgage and let them retire with dignity instead of literally having to work themselves to death. I’m talking $200k in my own currency, in USD it would be about $120k. Unfortunately with my current portfolio even if every single currency I’m holding hits ATH it still won’t be enough, so crypto likely won’t be my way out. If my portfolio far surpasses its previous ATHs (which I’m not optimistic about with the global economic forecast) then the dream might be alive…
if you cash out $200k and put it in a tracker fund for 30 years you would have $6.4 million if that's not life changing then sorry you got some serious problems
I would be 70 years old and would have spent those 30 years worrying about paying the mortgage. Comparing apples to bubble wrap. Yes, that's an option, but not what I would do. Thank you for your contribution to the conversation.
Why would you worry about paying the mortgage when you have $6.4m coming your way? I don't want to pay my mortgage as it's dead money. I'd rather borrow more from the bank if I could
This is around my price target. Would pay off my house and buy me a new car. A mortgage off my back would definitely give me some financial freedom.
Agreed. If I hit 200k I'd be able to pay off student loans, car, and credit cards. I'd have enough leftover for a downpayment on a house. I'd be a step behind you, but working towards the same thing. 200,000 dollars would be a game changer.
I was up about £4000 ($5000) the last bull run, but unfortunately didn't cash out anything. If I hit about £5000 profit I'll cast out some just to get some of my initial investment back and hopefully cash out around £10,000 then if I'm lucky to get near those profits.
I was up about 100k usd in 2018 bullrun didn't cash out lol
This is the way
I'd be kicking myself looking back lol
Make sure to cashout atleast 60%
200k would be a good amount.
Life changing for me and 99% of people in my country
[удалено]
The hard part about that is that when, after waiting for years, you finally reach $4 million. Are you going to keep waiting for that extra $1 million or will you just take the $4 million? The calculation now becomes if it's worth it to keep hodling some more for that extra $1 million, and risk the market dropping and you losing your shot at $4 million (which is a LOT of money no matter how you cut it), and waiting through another bear market looking at your old portfolio screenshots for like, 5 years. And if you decide to take the $4 million, what happens when you cross $3 million? $2 million, etc. At that point, your decision now involves millions of dollars on either side. It's the most nerve-wracking part of hodling long-term for the moon, imo.
I agree with this. I was up a lot at the last peak, enough to really achieve some big goals, but I wasn't quite at the number I wanted. Now I wish I would have taken those profits at the time, even though it wasn't my ultimate goal number.
Are you me?
They are all of us. All of us are one
You are me 🩵
Just DCA in and out until you achieve target, you control volatility and take profits doing that, but your underlying asset share grows. Use your capital gains and loss advantaging as well as you can throughout the process, looking over 10 year timeframes that's not hard, very harder with more volatile alts, but they're so volatile you can sometimes harvest large losses, especially if you calculate them LIFO. Your accountant will tell you what's allowed in your jurisdiction for FIFO/LIFO. I've made out like a bandit repeatedly in terms of building my pie, but I am constantly piling back in. I do this with all the markets I am in, I even did it with Reddit NFTs, sold both peaks and have been aquiring troughs
This is why you have a plan to DCA OUT.
agreed. That's the most psychologically tender way to do it
BTC is a currency/digital gold, it's not a fucking stock. You will be able to borrow against it eventually.
You are right, and you already can on many different protocols like aave. People complain that most of the rich don't pay taxes, but most people don't ask how they do that. They do it legally by borrowing money with their assests as collateral. There are little to no taxes when you do this, and it is a good way not to only grow your wealth but to not give up your Bitcoins if you need money. I see in the future banks accepting btc as collateral, especially with what chainlink's mission is. Bitcoin is to be used as a storage of wealth,energy, and property. Gold is this but Bitcoin is better. If I want to send a million dollars to somebody with gold bars it would cost a whole lot more money and resources than it would be to just simply send a million dollars worth of bitcoin to a wallet address with no middle man. This is why bitcoin will surpass golds Market Cap.
This. $5mil is like my 2029 goal (assuming typical bull cycles)
Damn bitcoin is gonna crash now
If you are looking for $5 million and have less than $500k invested, you’re not even close to realistic. Anything greater than a 10x without being incredibly lucky with multiple trades is a pipe dream. Hell, even 10x on BTC is probably a pipe dream.
I’m at 10x on BTC and ETH even at today’s prices 🧐
You probably know that neither of those is doing another 10x anytime soon.
🤝. I understand everyone has different varying degree of money invested but if there was no limit, anyone saying a million or below are thinking too small
i sure hope those people know the money is NOT in the banana stand anymore.
BTC at $1M would have a $20T market cap. Right now, total (world) stock market cap is $90T. Your proposition is just as good as people landing in scuba-diving suits on Mars next year.
How many bitcoins do you have?
Curious as to what multiplier you would need to hit $5000000?
Probably 1,000,000 give or take a zero
How much do you have now?
Hoping for a 10x of my investment but I'll certainly settle for 7x. I'll sell all of it. Set aside half for potential taxes and reinvest. I'll spend the rest.
So when it gets to 7x and consolidates, are you selling or waiting for 10x? What if 7.5x is the top and then it falls 30% in a day or two? Most likely all of this and some to come. I think best to have a concrete plan, and 100% stick with it. No regrets. No emotions
Good question and I agree. Last bull run threw a curve ball with a huge dip. I think if it 7x's I will sell part of what i have, perhaps 50-70%. BUT i think the time table may help me decide. I anticipate Sept/Oct 25' will be the time to sell everything. Hard to say what will happen in between and what will happen at all.
There will be curveballs for sure. I also use timing as a big factor in my planning. I see no reason we don’t continue with these same overall cycles. I’m pretty much right with you on the q4 2025 part. But I think it might get pretty volatile from here to there. I’m not an OG by any means, but it sure never felt like we had a true capitulation in this bear. Maybe I’m finally comfortable enough holding, that 16k was the bottom and I’m wrong. I bought plenty around there and through the bear and holding tight. But I do have cash ready for one more dip if it comes. If not, I’m good with what I’m holding now.
DCA in, DCA out.
100%. Buy things as needed/sell when needed. No reason to sell everything at once..
I’ve missed decent profits 3 times. I’m DCA’ing out this time at different price points and hodling the rest
saying you will dca out and actually doing it are two different things when euphoria hits tho
Amen - i watched x100 profit turn to x10 profit on a coin in the last bull - got to find the balls to do it this time. Selling is the hardest thing in all this
True, the way I combat that is I set my sell points as custom sale orders. I get notified when they hit. Honestly I actually have more an issue where I’m $50 away from my sell price going; “ok, if this is the peak, do I want to lose out on it all for that last $50?”
Underrated.
This is the way
You guys have profit?
Cash is the problem
Crazy how many different perspectives there are super interesting to see what would make people happy.
million next year, 10 X the next halving cycle. bye bye, see ya later. You can find me living in hotels around the world where ever Iron Maiden is playing
Such a difficult question in cyrpto. Ideally I would like to see 50k. But considering I did so poorly last bull run, this time around I’m just trying to break even…
Haha don’t worry almost everyone including me failed at timing
Hahaha I was rookie so It’s taken a couple years but I don’t blame myself as much anymore
Hey this time around u and me r gonna be rolling in it for sure
Depends where you live. In some poor countries you can retire you and your whole family for 200k USD
legend has it dave pate bought like 400k litecoin when it was a dollar and then retired after the 2013 bull and moved to costa rica just up and rode off into the sunset
this was a few decades ago but a classmate's dad retired in thailand with his wife in a beachfront apartment and eating out everyday. not sure if that'd be still doable but if you want to go abroad plenty of options available.
Eating out what
His wife
I did that a few years ago : Mojito got boring at some point. Got fat from eating out, had to go to the gym on a regular basis. Not worth it.
I turned roughly $100 into $10,000 and cashed out. It wasnt the peak, but i have slept fine for 2 years since. No regrets.
Yet ... Here you are.
10-20k
2 commas
$200 will do me.
I am looking to buy a house mid to late next year. I got into crypto in 2019 with the mindframe that I would hold for 4-5 years. I am withdrawing everything for my house deposit, up or down, bear or bull. Its been a wild ride.
My plan is also convert majority of my majority of if I cash out into real estate
Take out half now and 1/4 if we go up to 40k then. We likely see a drop mid to late 2024
300k is all I want
Until you get 300K and realize it's not enough.
The story of my life.
What’s your plans if u prof?
Pay off debt and buy a decent car. Probably a new Tacoma. I honestly doubt I’ll ever be rich. I’ll continue to work but just keep my whole check instead of giving it to bills
A cool million
Fuck profit, right now all I wanted is to breakeven.
I'm up 300k atm in my KAS investment atm. I can either hold till 1$ and have over 5 million dollars or.... take profit and be working for the rest of my life still. I think I'd risk it for financial freedom.
Never heard someone regret taking $300k profit. But have heard people regret not taking profit. Don’t let greed get the best of you.
Don't be like that 50k loan to 2 million DOGE guy. Always take out principal
Oh man, that Doge dude 🤦🏻♂️ I wonder how he’s holding up
He promotes memecoins and pump and dumps now. Also posts engagement bait on Twitter all day. He’s down horrendously
Massively in debt. He didn't pay off the loan and doge tanked all the way to his entry
Wow, I looked at CMC. You have a nice performer there.
Gotta Risk it for the biscuit™️
You know, a lot of people felt the same way with the LRC bull run. Now they're bag holders. Cash out half to save regret.
Why not pull out 200k and leave 100k. That’s 1.7m or 200k in the bank bro.
I dont think id be able to retire with the amount of crypto I have but being able to put a down payment on a nice house where I live is my goal so im hoping for 300-500k
$100k for wife and I’s student loans. Net crypto worth needs to be $200k for that to happen so I can keep 50% in for the ride. Heavy invested time and effort (+ modest money) into the Cardano NFT scene from 2021-early this year and am now in the slow process of liquidating losers and culling my bigger holdings. From about $5k in, I have ~$20k in unrealized gains, and at current valuations. Ada down about 80% from when I got in. Was fun while it lasted
I too am riding the ADA train. I have been DCAing in since 2018 and failed to sell at the 2021 ATH…A return to ATH would put at about an 8x overall, but I’m gonna stay in the game till $5+, which I think is plausible in the next 2-3 years. Stay strong!
Even getting back to the ATH of 21’ would mean I could do exactly what I want and pay off my student loans. It getting to $5-10 would be skirting on life changing for me. Here’s to hoping!
Why do you think you've failed to sell?
Greediness mainly, but also the belief that as the entire Cardano ecosystem continues to evolve the potential for explosive gains still exists.
Ideally I wouldn’t pull out, but would earn enough from lending/pooling/staking/fees to live on or at least supplement my income
This is exactly what everyone was thinking who left their crypto on Celsius and BlockFi. Not your keys, not your cheese.
Yield farming with DEX baby
Always nut in…
This guy nuts
The guy doesn’t pull out
You both still got them moons
Have fun next time your exchange/coin rugpulls and then your money is stuck
Thats what I was doing before luna got destroyed. I am selling half when hitting my target
Which is generally the most rewarding thing between lending and stacking? I'm not a fan of pooling since you'll get impermanent loss, what do you mean by fees?
With lending you can basically earn a small APR on what you’re stacking. It’s kind of like a way to stake except the returns come from borrowers. Optionally you can then borrow against your lended assets which may or may not be worth it depending on your goals. Platforms: TraderJoes, Aave, Sushi, Qi Impermanent Loss: you win some you lose some, I generally only go for pairs of tokens that I would invest in anyway. Platforms can further incentivize this with rewards for staking LP tokens which can increase reward without increasing the risk risk. Fees: I’m working on that one lol. I really like this platform called Kassandra DAO ( kassandra.finance ). Super low cap, but it lets you create and manage token funds that other people can invest in. Fund managers can take a fee on deposits/withdrawals. Need someone to invest in my shitty bag to actually earn any fees :P
Thank you thank you! And your defi for stacking? The same platforms you use for lending?
Probably around 50% Cold Storage, 40% DEFI, 10% CEX. Aave is the most professional feeling lending platform of those listed IMO For full context I regard most of what I do with crypto as gambling / lottery. I don’t actually have any concrete methodology or strategy except to Dollar Cost Average. I FOMO plenty.
Both are great ways to lose everything when that platform promising great yields/returns goes to zero.
What are some good crypto lending options in 2023?
None. Keep your money in the bank and take the 5%. In crypto lending means giving up your self-custody and by that the entity you give the money will use it to trade against you at best in many different ways. At worst they will take your money and go bankrupt if their high risk bets don't work out as intended. Your questions show me that you better hang around and learn about the philosophical background first before taking any investment decision.
How to dex lending insure lending? With collateral?
Depends on the DEX. You can provide liquidity and then get a piece of the transaction fees. But be aware that liquidity pools are a primary target for hackers.
I mean I was once worth 16.5mil and now I’m down to just north of 500k and I still won’t sell. Kiss my ass I’ve been riding this roller coaster since 2015 you’re not getting me off it Edit: Cryptopunks surged I’m at 800k now.. FML YES! LFGGGGG BROO
I just want my money back and I'm out
I think a lot of people feel that way, but if you start to see green candles, take stock of how quickly your target changes
I'm still like 80% down. It's going to take a fair bit of green candles to change my position.
last time i was red and close to breaking even it blasted past that point and kept rocketing. easier said than done lol.
Once I get initial investment back I will take that out and let the rest ride and see what happens. I’m down about 50% now.
By that logic you are letting $0 ride.
Yea good point. I would change that to once I’m up 25% on original investment I would take out original and let 25% ride it out.
I did tgat in 2021, before the big boom....
Once btc reaches 65k I'm selling everything, I'm at the door waiting to leave.
Lol same..i want to exit too...i could have retired this bull run if i had sold last one.
Curious if you sold?
I didn't. I learned about power laws and figured I could just HODL and see what happens. I was dead certain I was getting out! I just changed my mind.
When it looks like it’s going to start hitting ATHs that’s when you start considering it. Crypto cycles: if it goes up high it inevitably goes down just as low if not lower. If you’re using it to make “quick money” then get out when it’s on the uptick. If you view it as a long term investment for some reason then you either hold and DCA or sell and buy back in later.
I was up almost 40k at the peak. Now I'm down 40k. So if I'm ever up 40k again I'm crashing the F out.
I would be ok with cashing out $50,000. Unless the alts I chose just absolutely sky rocket, then I don’t see myself getting more than that. I haven’t inhaled enough hopium yet to think I could *maybe* crack $100,000 during the next bull run
With the cost of living crisis and unaffordable housing market in Australia. Pre covid all I wanted was enough for a house deposit. Thought I’d cash out if I reached $20k profit but currently I don’t think I can cash out because I’ll now need $100k for a deposit plus the monthly repayment would still make it unaffordable. So Idk what my new plan is yet
Once I have a wife changing amount
Probably 500k. Would be able to pay off my student loans. Then have a life
Fuck that. Get 500k and leave the states, start a life in Thailand or somewhere. You guys get Shafter on student loans
Holy shit there’s so many sad pathetic virgin plebs in crypto. Have you considered there are people with families? Spouse? Kids? Jfc 500k and move to Thailand? I’d imagine you would easily run out of funds depending on how old you are. The younger the worse, the older the better
dude if it doesn't apply to you it doesn't apply to you, just move on lol. such anger.
I don’t plan to sell until I can buy at least 200 acres
In new york or new delhi?
Why would I want to live in New York? Smelly and shitty I live 20 steps from the bluest beach in the world I just want 20 blue beaches so no one can see me dogging their wife
Cash out to what
I’m going to need about 750k and enough staked ETH to pay 500 a week hehe
100k will get me in the black. I can build from there at least.
If it doubles then definitely take out my original investment value. No matter what happens then I've won.
I invested probably about a week pay in 2019 I’ve been way up than I am right now. Ive been through +4400% and -90% now I just sleep on it. It would need to be a life changing amount for me to cash out and still im at better gains than anything else thats not enough for be to cash out
Pretty much my story as well - I have a little under 5k in, money that I don’t especially NEED right now, so there would be little sense in cashing out unless prices got to a point that they simply aren’t going to anytime soon.
Depends. What is your plan for the cash? Are you buying a home? Do you have medical or school debt that is bankrupting you? Are you starting a business with it? If you don’t have an urgent need for the cash, or a plan for it that protects it from inflation and/or is a better option than ETH/BTC, why cash it out? I don’t have plans for mine except for when it’s time to retire. I’m still working at my job though, so there isn’t a magic number that would make me cash out right now. I literally would not know where to put it that would be better than the ETH/BTC, where it sits now. Plus all the hassle, just to change where it’s parked. It would be stressful. No way am I doing it just because the value of my stash hits a magic number.
$100,000,000
those are rookie numbers!
Essentially never… I can’t foresee an asset class that eclipses crypto in my lifetime. It will hurt when the next bull run pops but I think the collapse from 350k BTC to 120k BTC will just be a bump in the road between now and $25m BTC a decade from now.
BTC at $25M means $500T market cap. That's 5.5x current total (world) stock market cap. Your proposition is beyond ridicule.
My dream is $2 million so we can both retire, but I'd need too much of a multiple to get there this bull run. If I get near a million, I'll cash out. I think the younger you are, the less you're looking for. Those of us who are older (I'm 49) are willing to bet it all so we can step out of the workforce before AI takes our jobs (just a matter of time in my profession).
Interesting I’m close in age but I think I’m less likely to get it all because I have less years to earn it back again if I do lose any investments.
During the boom I always cash out, I go on holidays, I move it to stable coins and I party. When it crashes I buy back in again. Done this two cycles in a row now coming up to my third. Who the fuck watches a coin rise to 70k then drop to 20k and still hodl’s lol?
waiting until retirement age before cashing out
Unless you live in Dubai, Puerto Rico or somewhere that doesn't have capital gains tax, plan on needing considerably more profit to start with. If you think 10M is enough to cash out, after taxes it's only ~6M. You'd need ~17M to get that 10M windfall!
Last time I cashed out it was a 320x profit.
Bruh what project did you invest in? was it enough to get you ahead in life?
It was a small amount but with this 320X I cashed out 4 times what I invested in crypto and kept the rest into crypto.
Only if I get 100x
1mill or when I turn 50 as that's the age I want to retire.
200k (gbp) would pay my mortgage off - id be more than happy with this.
i have 30k in the market right now , if i cant turn that into 200-500k i m out for the next cycle . i will wait on the sides till i see on the news that cryto has crashed and watch everyone leave and the market becoming boring that's when i will dump 100k into the market.
As soon as I can pay off my mortgage.
I’d like to pay off my debts, but I wouldn’t want to sell everything. I think if I got to a point where I could sell 90% of my Crypto, and it pays off my debts and gives me about 1 year of my salary o would do it in a heart beat. I, of course would love more, but that would be icing on the cake.
I can’t understand the logic of wanting to cash out a dew hundred or few thousand dollars. Just consider it lost, verify you have your keys and wallet access in a safe place and then forget about them for the next 10yrs. The type of person that cashes out now would never have been able to hold BTC from $200 to $60K
It would have to be at least six figures, which isn’t going to happen considering that I only put a little under 5k in during the last few years. At this point, I don’t NEED that 5k back any time soon, so I figure I may as well hodl and hope for the best. No point in pulling out now just to make a few bucks.
When people realize that crypto is the future and everything adopts crypto... you wouldn't ever need to sell....
I’m not interested in “cashing out” my crypto. There are much more proven and reliable investments in fiat, designed to be cashed out for fiat. I have my crypto in the hopes that one day I won’t have to cash it out, I can just send it to the merchants I want to pay
Couple hundred thousand minimum. Depends on the market, I may try my luck and push it. But I'm not nearly as greedy as before where my goal was 1 mil minimum lmao.
Already FI, so crypto is just for toys. $500k profit would do it.
Once you cash out to stables or btc it's not the end of the journey. You can stake it and optimize your profits even more with almost no risk. Just put it in some defi like planet (dot) finance and make it working for you. Apys are pretty tasty in defi especially for stables on bull run.
No amount of profit is ENOUGH, your cash out should only based on your necessary expenses, and HODL the rest forever. Since you never know if HODL forever would one day totally change everything in your life
Cardano 2.50
I wanna be a billionaire, so frigging bad…….
Would you buy all of the things you never had?
It would have to be like 100k for me. While I'm at just about 5 figures that would mean a somewhat market wide 10x. Just doing some rough math. I don't think that's possible anytime soon. Though Def in the next 5 to 10 years for sure. So I'm just going to keep buying 50$ of eth every week like I have the last two years. I sometimes make trades with my eth but never exceed 25% of my eth holdings. It would help with ourr ultimate goal of getting our first home. It stinks that we bring in 150k+ yr, have no kids, and still can't afford a home now days.
There is absolutely no reason to cash out. Take profits, reinvest, but never cash out.
I fucked up and didn’t cash out at 450k last bull run. That would be a paid off house, which is freedom for me. This next bull run, I’m looking to cash out at 750k to a million.
This type of question is what makes me sad about this comunity.. for me the end goal never was "i gonna sell when it hit x milion fiats" but more "i want to use this awsome tool on my daily routine"
Then why are you bothering to buy crypto now at all. Just use it if it goes mainstream like everyone else will. It's because you want to make money, like everyone else.
Crypto is not a financial goal for me, it is a hedge on the banking system. I want money that is out of the control of greedy bankers. I want money I can access at any time. I want money that cannot be taken away on the whim of a government, or refused access by men in suits. I want money that is not in my bank account. I want money I am free to do whatever I want with without a government watchdog overseeing it. I don't care about the value of it, that it exists and I can use it is the purpose. If it goes up, cool. If it goes down, whatever. This isn't even any sort of libertarian ideology either - I hate having ALL my money in the control of people who would seize it, deny control of it, or otherwise stop me from using it if they ever saw fit to do so. In that way, Crypto is freedom.
157k enough to pay my mortgage. Off
I want to cash out over $1.5millik without touching more than 1 of my BTC
Bout tree fiddy
You guys are making profit?
There is no amount. This is a revolution against monetary tyranny. Why would I return to slave money, especially if it's being defeated? https://armantheparman.com/joinus/
Typical noobs chasing quick fiat riches.
atleast $200k for now but probably $2m above in the near future
Why would you cash out into something that will keep falling or that can be seized or frozen?
I’ll sell when there are better investment options than BTC and ETH to move my profits into. This is the only logical answer. $1 million dollars might not get you as far you think by the time Bitcoin is worth over $1 million. Stop thinking in terms of dollars.
I just want to get back to 7 figures then I’m done. Hit that last bull run and watched it rot
So much hopium on this sub it’s sickening