LogFAQs > #953546445

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Topic	Is anyone doing anything with their crypto?
3PiesAndAFork 05/04/21 1:42:48 PM #18:	H0LD_Austin_Era posted... Yeah my crypto investment is just a bonus right now. I may late 2021 or in early 2022 take out a loan and invest in more crypto since I have time to pay off the loan slowly. I'd probably make a decent return then pull it out. It's really just a numbers game being careful with taxes. The rare few who already made millions some are buying bigger homes and supercars. Personally I'd have to be at a net worth of over $3 million before I bought a used supercar and I'd probably sell the car after 3 or 4 years. Most people aren't selling to buy a bunch of liabilities. I first wanna get to a position where I can put the money in stocks to retire in my 50s if I wanna since my current job is pretty decent. I wouldn't wanna just sit at home all day retired gaming lol. That's risky. I'd wait for the next bear market before pulling that move personally (though I'm way too risk adverse to borrow money to invest it). 2 million is probably my number where I can retire and not have to worry if the books I end up writing doesn't sell well. Strategy for that is finding some low market cap alts with potential and holding until it hopefully takes off and becomes like a 10 - 20 billion dollar market cap. --- @('_')@ <cite>3PiesAndAFork posted [p:953546445] in Is anyone ... [t:79440781]...</cite> <quote>H0LD_Austin_Era posted... </cite> <quote>Yeah my crypto investment is just a bonus right now. I may late 2021 or in early 2022 take out a loan and invest in more crypto since I have time to pay off the loan slowly. I'd probably make a decent return then pull it out. It's really just a numbers game being careful with taxes. The rare few who already made millions some are buying bigger homes and supercars. Personally I'd have to be at a net worth of over $3 million before I bought a used supercar and I'd probably sell the car after 3 or 4 years. Most people aren't selling to buy a bunch of liabilities. I first wanna get to a position where I can put the money in stocks to retire in my 50s if I wanna since my current job is pretty decent. I wouldn't wanna just sit at home all day retired gaming lol.</quote>That's risky. I'd wait for the next bear market before pulling that move personally (though I'm way too risk adverse to borrow money to invest it). 2 million is probably my number where I can retire and not have to worry if the books I end up writing doesn't sell well. Strategy for that is finding some low market cap alts with potential and holding until it hopefully takes off and becomes like a 10 - 20 billion dollar market cap. --- @('_')@</quote> ... Copied to Clipboard!
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