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Dont know when to cash out of crypto bros

...
well-lubricated sanctuary
  01/14/18
dont know but probably best to take a little bit of profit h...
Avocado Toaster Forum
  01/14/18
yeah dude
well-lubricated sanctuary
  01/14/18
How much have you made... what is at risk?
fiercely-loyal hell selfie
  01/14/18
98% of net worth is in crypto
well-lubricated sanctuary
  01/14/18
How much... any big gains?
fiercely-loyal hell selfie
  01/14/18
Yikes
Twinkling Trip Legend Electric Furnace
  01/14/18
Don't. Eventually take out your initial investment and just ...
dashing up-to-no-good box office deer antler
  01/14/18
may pull out more than that for a down payment on a house. h...
Avocado Toaster Forum
  01/14/18
Just do "invest in" a wife and a home in mexicalis...
beady-eyed newt scourge upon the earth
  01/14/18
lmao. only thing keeping me here is my family (parents and b...
Avocado Toaster Forum
  01/14/18
Maybe time for a reverse Beverly Hillbillies?
beady-eyed newt scourge upon the earth
  01/14/18
180
dashing up-to-no-good box office deer antler
  01/14/18
This is what I'm planning on doing. Live in an area with co...
Stirring talking business firm death wish
  01/14/18
have the same thought process, so i know where you're coming...
Avocado Toaster Forum
  01/14/18
I will seriously start considering it when I could get the h...
Stirring talking business firm death wish
  01/14/18
BOOM https://www.nytimes.com/2018/01/13/style/bitcoin-mi...
well-lubricated sanctuary
  01/14/18
Lol, I saw this. Good for the short term.
Stirring talking business firm death wish
  01/14/18
yeah, but taking out down payment money will fuel a never en...
well-lubricated sanctuary
  01/14/18
...
Anal alpha
  01/14/18
eh, not too concerned about that brother. gotta pay taxes e...
Avocado Toaster Forum
  01/14/18
can't u limit your taxes a bit by also doing a mortgage and ...
charismatic maize stage
  01/14/18
eventually i’m going to look up at my portfolio, realize i’v...
Slippery cracking private investor location
  01/14/18
yeah i dont want to cash it all out because i think at least...
well-lubricated sanctuary
  01/14/18
Before the crash, preferably
Twinkling Trip Legend Electric Furnace
  01/14/18
thank
well-lubricated sanctuary
  01/14/18


Poast new message in this thread



Reply

Date: January 14th, 2018 1:17 PM
Author: well-lubricated sanctuary



(https://autoadmit.com/thread.php?thread_id=3859234&forum_id=7#35153545)



Reply

Date: January 14th, 2018 1:25 PM
Author: Avocado Toaster Forum

dont know but probably best to take a little bit of profit here and there instead of just cashing out all at once

(https://autoadmit.com/thread.php?thread_id=3859234&forum_id=7#35153610)



Reply

Date: January 14th, 2018 1:34 PM
Author: well-lubricated sanctuary

yeah dude



(https://autoadmit.com/thread.php?thread_id=3859234&forum_id=7#35153689)



Reply

Date: January 14th, 2018 1:42 PM
Author: fiercely-loyal hell selfie

How much have you made... what is at risk?

(https://autoadmit.com/thread.php?thread_id=3859234&forum_id=7#35153749)



Reply

Date: January 14th, 2018 2:10 PM
Author: well-lubricated sanctuary

98% of net worth is in crypto

(https://autoadmit.com/thread.php?thread_id=3859234&forum_id=7#35153957)



Reply

Date: January 14th, 2018 2:11 PM
Author: fiercely-loyal hell selfie

How much... any big gains?

(https://autoadmit.com/thread.php?thread_id=3859234&forum_id=7#35153962)



Reply

Date: January 14th, 2018 2:26 PM
Author: Twinkling Trip Legend Electric Furnace

Yikes

(https://autoadmit.com/thread.php?thread_id=3859234&forum_id=7#35154091)



Reply

Date: January 14th, 2018 2:11 PM
Author: dashing up-to-no-good box office deer antler

Don't. Eventually take out your initial investment and just yolo the rest

(https://autoadmit.com/thread.php?thread_id=3859234&forum_id=7#35153966)



Reply

Date: January 14th, 2018 2:20 PM
Author: Avocado Toaster Forum

may pull out more than that for a down payment on a house. hesitating because the bay area is so expensive though

(https://autoadmit.com/thread.php?thread_id=3859234&forum_id=7#35154026)



Reply

Date: January 14th, 2018 2:33 PM
Author: beady-eyed newt scourge upon the earth

Just do "invest in" a wife and a home in mexicalishitlibkikeico

(https://autoadmit.com/thread.php?thread_id=3859234&forum_id=7#35154154)



Reply

Date: January 14th, 2018 2:34 PM
Author: Avocado Toaster Forum

lmao. only thing keeping me here is my family (parents and brother are here).

(https://autoadmit.com/thread.php?thread_id=3859234&forum_id=7#35154164)



Reply

Date: January 14th, 2018 2:41 PM
Author: beady-eyed newt scourge upon the earth

Maybe time for a reverse Beverly Hillbillies?

(https://autoadmit.com/thread.php?thread_id=3859234&forum_id=7#35154220)



Reply

Date: January 14th, 2018 2:34 PM
Author: dashing up-to-no-good box office deer antler

180

(https://autoadmit.com/thread.php?thread_id=3859234&forum_id=7#35154162)



Reply

Date: January 14th, 2018 3:28 PM
Author: Stirring talking business firm death wish

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.

(https://autoadmit.com/thread.php?thread_id=3859234&forum_id=7#35154479)



Reply

Date: January 14th, 2018 3:30 PM
Author: Avocado Toaster Forum

have the same thought process, so i know where you're coming from. when do you plan on pulling out ?

(https://autoadmit.com/thread.php?thread_id=3859234&forum_id=7#35154493)



Reply

Date: January 14th, 2018 3:41 PM
Author: Stirring talking business firm death wish

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.

(https://autoadmit.com/thread.php?thread_id=3859234&forum_id=7#35154605)



Reply

Date: January 14th, 2018 3:42 PM
Author: well-lubricated sanctuary

BOOM

https://www.nytimes.com/2018/01/13/style/bitcoin-millionaires.html

(https://autoadmit.com/thread.php?thread_id=3859234&forum_id=7#35154625)



Reply

Date: January 14th, 2018 3:53 PM
Author: Stirring talking business firm death wish

Lol, I saw this. Good for the short term.

(https://autoadmit.com/thread.php?thread_id=3859234&forum_id=7#35154747)



Reply

Date: January 14th, 2018 3:31 PM
Author: well-lubricated sanctuary

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

(https://autoadmit.com/thread.php?thread_id=3859234&forum_id=7#35154500)



Reply

Date: January 14th, 2018 3:35 PM
Author: Anal alpha



(https://autoadmit.com/thread.php?thread_id=3859234&forum_id=7#35154537)



Reply

Date: January 14th, 2018 3:37 PM
Author: Avocado Toaster Forum

eh, not too concerned about that brother. gotta pay taxes eventually

(https://autoadmit.com/thread.php?thread_id=3859234&forum_id=7#35154563)



Reply

Date: January 14th, 2018 3:38 PM
Author: charismatic maize stage

can't u limit your taxes a bit by also doing a mortgage and getting a tax deduction?

(https://autoadmit.com/thread.php?thread_id=3859234&forum_id=7#35154572)



Reply

Date: January 14th, 2018 2:19 PM
Author: Slippery cracking private investor location

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

(https://autoadmit.com/thread.php?thread_id=3859234&forum_id=7#35154022)



Reply

Date: January 14th, 2018 2:26 PM
Author: well-lubricated sanctuary

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

(https://autoadmit.com/thread.php?thread_id=3859234&forum_id=7#35154094)



Reply

Date: January 14th, 2018 2:33 PM
Author: Twinkling Trip Legend Electric Furnace

Before the crash, preferably

(https://autoadmit.com/thread.php?thread_id=3859234&forum_id=7#35154158)



Reply

Date: January 14th, 2018 3:02 PM
Author: well-lubricated sanctuary

thank

(https://autoadmit.com/thread.php?thread_id=3859234&forum_id=7#35154361)