Date: January 14th, 2018 3:28 PM Author: Provocative patrolman library
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).
Date: January 14th, 2018 3:41 PM Author: Provocative patrolman library
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.
Date: January 14th, 2018 2:19 PM Author: Adulterous alcoholic locale
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
Date: January 14th, 2018 2:26 PM Author: Unholy Canary Jewess
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