11-19-2020, 06:26 PM
Today I got the keys to my flat I bought with my Crypto gains (it's storytime boys!)
<!-- SC_OFF --><div class="md"><p>I started in January 2017 with investing in Bitcoin and ETH. At this time Bitcoin was around 1200 dollars and Ethereum around 10 dollars. Ridiculous prices in comparison. </p> <p>I already wanted to invest in mid 2016 but really didn't know how to do it. After seeing Bitcoin more than doubling I figured out how and bought my Coins - only to see them lose 40 percent in value the next day because of some China Fud... ?</p> <p>The coming months I played around with wallets and coins while seeing the market explode from 17 billion to 800 billion dollars ????. Over the whole year of 2017 I ended up with Dash, Monero, Litecoin, BAT token, Golem, Binance token, Walton chain, Loopring, Red Pulse. In the end my biggest holding I bought over Bittrex in June 17 was NEO at this time still branded as Antshares. I decided to hodl it for one year to don't have to pay any taxes.</p> <p>In spring 18 I bought TKY <em>vomitsinhismouth</em> ? and made very nasty gains with the Ontology token I bought with my remaining 1 1/2 BTC. I was greedy and stupid though. Saw my portfolio rise up to nearly half a million dollars around Christmas 17 and rode it pretty much down to 1/4 of it until summer 18 when I sold all my NEO tax-free after one year of holding on to it and had to pay additional taxes for all the trades in-between. </p> <p>It was pure greed to not sell while my portfolio was at it's highest points but I didn't wanted to give anything of these gains to the taxman (would have been 1/2 of it!?) and I thought that now I was on the brink of getting rich. </p> <p>I didn't become rich in the end but I could afford a small flat of 40 square meters in my city which was financed a big part by my Crypto gains - so I'am grateful. ? Holding the keys in my hand today makes it real ??</p> <p>A few reminders though:</p> <ul> <li><p>take crypto breaks - this stuff can really drag you down and even give you some kind of PTSD</p></li> <li><p>sometimes it might rather pay off to realise gains even if you have to pay taxes</p></li> <li><p>if it's too good to be true than you should become sceptical and not greedier</p></li> <li><p>don't sell everything at once...</p></li> <li><p>don't beat yourself up over bad decisions it's not always possible to be right</p></li> <li><p>be grateful for what you have gained - it's all a game you just forgot to play...</p></li> </ul> <p>Today I barely hold any Coins but I will at some point DCA back into the big ones like Bitcoins and Ethereum.</p> </div><!-- SC_ON --> Kind Regards R
<!-- SC_OFF --><div class="md"><p>I started in January 2017 with investing in Bitcoin and ETH. At this time Bitcoin was around 1200 dollars and Ethereum around 10 dollars. Ridiculous prices in comparison. </p> <p>I already wanted to invest in mid 2016 but really didn't know how to do it. After seeing Bitcoin more than doubling I figured out how and bought my Coins - only to see them lose 40 percent in value the next day because of some China Fud... ?</p> <p>The coming months I played around with wallets and coins while seeing the market explode from 17 billion to 800 billion dollars ????. Over the whole year of 2017 I ended up with Dash, Monero, Litecoin, BAT token, Golem, Binance token, Walton chain, Loopring, Red Pulse. In the end my biggest holding I bought over Bittrex in June 17 was NEO at this time still branded as Antshares. I decided to hodl it for one year to don't have to pay any taxes.</p> <p>In spring 18 I bought TKY <em>vomitsinhismouth</em> ? and made very nasty gains with the Ontology token I bought with my remaining 1 1/2 BTC. I was greedy and stupid though. Saw my portfolio rise up to nearly half a million dollars around Christmas 17 and rode it pretty much down to 1/4 of it until summer 18 when I sold all my NEO tax-free after one year of holding on to it and had to pay additional taxes for all the trades in-between. </p> <p>It was pure greed to not sell while my portfolio was at it's highest points but I didn't wanted to give anything of these gains to the taxman (would have been 1/2 of it!?) and I thought that now I was on the brink of getting rich. </p> <p>I didn't become rich in the end but I could afford a small flat of 40 square meters in my city which was financed a big part by my Crypto gains - so I'am grateful. ? Holding the keys in my hand today makes it real ??</p> <p>A few reminders though:</p> <ul> <li><p>take crypto breaks - this stuff can really drag you down and even give you some kind of PTSD</p></li> <li><p>sometimes it might rather pay off to realise gains even if you have to pay taxes</p></li> <li><p>if it's too good to be true than you should become sceptical and not greedier</p></li> <li><p>don't sell everything at once...</p></li> <li><p>don't beat yourself up over bad decisions it's not always possible to be right</p></li> <li><p>be grateful for what you have gained - it's all a game you just forgot to play...</p></li> </ul> <p>Today I barely hold any Coins but I will at some point DCA back into the big ones like Bitcoins and Ethereum.</p> </div><!-- SC_ON --> Kind Regards R