Its went from 29 to 47
Don't sell Johnny.
This thing will be 70 in a blink.
Don't sell one penny.
Ride this thing to $86k.
When it gets there you'll see some churn.
Since New Year's you've made $600K...
And here comes the caveot to the above...
Don't sell the $1MM.
But take the new $600K additional off the table.
Don't be greedy. Its easy I know.... and it seems like such a sure thing... but take the $600K off, pay the taxes, do some reading or call a pro,... and roll the rest into a long term conservative plan for your kids' college tuition.
I know that sounds like heresy from where you sit, but you just never know.
You still have a million on the table.
Take the $600K bird and buy granny bonds. (you get the point)
Just do it.
One month and 12 days has paid for 2 Ivy League educations. Almost. At least one using DCF.
Take it off the table Johnny.
Let the rest ride I guess.
Thank you, Vanz! You're a great guy and very much appreciate you looking out for me and wanting for others to do well.
Just a correction, it's about $500K additional since Jan 1 as crypto pfolio is not all BTC's
This is difficult for me to explain, but I will try.
I have sold a little over $70K, my cost basis on it is less than $600. I will sell another $80K, so total will be $150K cost basis of less than $1K
So, here's the kicker, after talking with TAX CPA, the profits will be added to my yearly salary.
I have not sold the last $80K, no hurries... Why not, you ask? The $70K+ is sitting in the bank as it is, not doing anything, no yield, adding another $80K would be the same.
I should buy the Tesla, probably in the next 2-3 months.
I am planning to sell everything, maybe hold 5 btc's, if the bear market is confirmed. right now, there's no bear market in sight and I believe the bull market cycle is still in the beginning stages
Best wishes to you, Vanzandt! I still have a nice job, so no risks of anything that would hurt us very badly just like the last bear market, it didn't hurt our lifestyle
