I sold 11 BTC a few days ago and Coinbase transfer hit my account today. I'm out
>>59249941Are you fucking retarded?
>>59249941now what?
Thank you for your service
>>59249948No. Can you elaborate?I'd much rather secure 1M at my age than risk losing it by trying to time the market.
>>59249979You will literally rope by this time next year.
idk man i feel like $1mil hitting my account randomly would set off all kinds of alarms. the funny hat people dont like it when you get successful overnight
>>59249979The golden bull run just started and you're selling now for some reason.
>>59249941Was that your entire stack? Taking profits is intelligent but idk if id swing my whole stack at once like that.
>>59249987I would rather have 1m rn than risk having nothing or 2.5 in the brave new world of 2025
>>59249989My bank knew. Also I will pay almost 200k in taxes next year so nobody is gonna complain.>>59249993And how do you know that? I bought in 2022 for 225k. This was a incredible operation and a financial success >>59249987Nobody knows that.>>59250000Yes. 100%
>>59249941Good for you anon. As much as the other anons here think they know the future, timing the market is just down to luck. You presumably profited quite a bit more than the average person, so, you won. For all we know the next slight bit of uncertainty these same anons will be holding bags.
>$200,000 in taxesAnd thats why my friends, I will never sell. Im forced to hold forever, I won't pay a single dollar to the country that fucked me in the ass so many times. No. I refuse.
>>59249979if you're old I guess you might need it. if you're young you're a retard and you're gonna learn
>>59249941thanks for holding my fiat bags retard
>>59249941Most people on this board only trade lunch money, so it's easy for them to advise holding forever.Like you I was sitting on a lot of life-changing money for years, 95% or so of my liquid net worth, and already sold half of it last week as well. I already bought back some of it.You probably made a mistake selling 100% because it will likely double, triple or more in a few years. That nice round number "1 million" probably made you make this irrational decision because you thought it sounds cool to be "a millionaire".Consider buying back a few coins if it dumps again.
>>59250041NGMI just pay the piper you faggot>>59249941Gambling addicts will shit on you but good job knowing when to walk away. You’ll touch more money than 99.9% of these shitskin jeets.
>>59250130much more reasonable though why people have any interest in selling now when we are just like perfectly in line with every other cycle is kind of confusingdo you think this time is different or something?
tax man gonna take half
>>59249941fucking kek, imagine cashing out 90 days before btc his $250k.
>>59250146I think it's wise to move coins at varying amounts at varying price levels. This method would allow you to sorta maximize your profits while staying relatively safe.>>59250130Much like how this guy says it. This is essentially my plan throughout the run.
>>59250130>>59250180yeah that's fair, cowen recommends that DCA at risk levels and that seems to make sense to me but even then I'd always keep a good chunk in btc and sell no more than half. I'm a full schizo maxi though and nation state adoption this cycle is def non-0.
>>59250025Did you call your bank in advance? I’m shitting myself about cashing out next year. Do they ask to see your trading records and stuff?
>>59250146Personal reasons:>I got burned in 2017 and 2021 where I failed to sell. Many such cases>I quit my job earlier this year so it feels like I need to take some chips off the table. Bitcoin has many novel and barely understood risks, all of which are low probability but could manifest eventually and tank my holdings over night>I am looking to buy a house soonish so I have a good use for that cash (though considering waiting for a bit longer now)Cycle theory:I don't think there's enough evidence to support the idea that these cycles will keep going in the exact same predictable style forever.>We've seen some divergences from prior cycles, e.g. new ATH getting achieved before the halving, potentially indicated an accelerated or front-run cycle>Despite BlackRock's talk of bitcoin potentially being an uncorrelated asset, if the stock market and/or economy tanks for whatever reason, it will likely take bitcoin with it and may end the bull market>The current euphoria is likely to be exaggerated because things like the Lummis bill sound unrealistic to me
>>59250231>Cycle theory:it's literally matching from cycle bottom exactly lolThe idea of some new crazy risk being introduced the same cycle as we have state pension funds, and mass institutional adoption with the etfs as well as nation states openly talking about setting up reserves just seems kind of unjustified. >stock market tanks it may end the bull marketWe had a historical crash with covid and 2020 and the bull market continued, if potentially "restricted" which some people speculate (which is of course only even more bullish for this cycle) The new administrations policies in general are all very pro btc and the market. >The current euphoriathere is no euphoria, no one cares about BTC except weirdos online right now, 0 retail as come back. That usually only steps up much later into the rate cutting cycle. We have never peaked in the halving year, and always peak post halving year, there are tons of indicators you can usehttps://charts.checkonchain.com/btconchain/confluence/confluence_cycleextremeoscillators_1/confluence_cycleextremeoscillators_1_light.htmlI get being paranoid about it because you quit your job, but that was probably a bad decision and is making you make stupid decisions with money. I could see taking out like 5-10% now at most if you were really cautious.
>>59249941Congrats dude after paying taxes invest in blue chip and index funds
>>59249941>He sold before the parabolic riseWhat a total moron.NGMI.
>>59249989They don't care at all as long as you pay the corresponding taxes.
You now owe $270,000 to $370,000 in taxes… depending
>>59249941Sneaky advertising thread. +you're brown
>>59249941only a million?ngmi
>>59250273Bitcoin has various centralization and potentially undiscovered technical risks.Mining or wallet software could be subject to backdoors similar to the xz backdoor earlier this year, which could tank confidence for a while and/or flood the market with coins.Big exchange hacks are also well known risks. Binance, Coinbase and other large custodians like MSTR are unlikely to go down, but there are novel attack vectors here which could manifest eventually.I watched the market dump a few times when they shot some stupid rockets in the Middle East. MSTR's infinite money glitch is raising eyebrows. They seem to be safe for now, but you never know for sure.The UK could wake up some day and market-sell their 61k coins in Germany style. The US might offload their 200k coins before Trump takes office. Many market participants may awake to the reality that Trump hasn't done anything yet and we have yet to see how much comes out of his promises.As I said, I don't see the Lummis bill passing. I don't see any Western globalist/IMF/World Bank friendly nation states entering this race any time soon. A few banana republics like El Salvador might join but that could be it for the foreseeable future.
>>59250025not keep just one little bit corn just in case crazy prices materialize seems a bit risky
>>59250375get a job
>>59250375To be clear, all of these items are low probability and can be "debunked" easily, but there are so many known and potentially unknown items that something might happen eventually and then I could lose a lot of unrealized profit very quickly.
>>59249941don't leave the money there, buy gold
>>59250144>NGMI just pay the piper you faggotNICE TRY TAXMAN YOU WILL NEVER CATCH ME I WOULD RATHER SPEND THE REST OF MY LIFE IN EL SALVADOR PAYING WITH MY BTC THAT PAYING +20% IN TAXES TO MY SLAVE MASTERS
>>59249989At $10k they ring up the IRSAt $1m they ring up OP to upsell him on investmentslrn2regulator
>>59249979based. don't listen to these retards, just put it in stocks. there is no reason to stay in this garbage market after you've made over a million.
current song:
>>59250334he already made it, THOUGH
>>59250273if anything that chart shows we’re near the top, you dumbass. the cycles get faster with diminishing returns. I hope you don’t think the line will go as high as the green one.
>>59251038>Bobo doesn't know what a logarithmic scale is
>>59250025congrats anon. you have "made it" all the anons itt whining about "paying taxes" don't know anything about making it -- you only pay taxes if you make money, they'd rather be poor and bitch than make it.
>>59249941It’s pretty much a good starting point at any age, in some countries, even a retiring one. I hope a right mix or cell, galaxis and ton can help me achieve the same this altseason
>>59249941ngmi
>>59250144why pay when you can just move countries?
>>59250886$1MM is not enough to retire and make it./biz/ has done extensive research into this topic and you need around $4MM - $5MM to be in "make it" territory.Had he held on for another 6 months he could have easily gotten 4x - 5x more.See related infographic.
>>59249979Lmao sold the start of the bull run.NGMI
BOFA DEEZ NUTS
>>59251320>Had he held on for another 6 months he could have easily gotten 4x - 5x moreYou really think BTC will get over 300k in 6 months? Seems kinda overoptimistic...also 1MM in dividend stocks plus a part time job doing what he enjoys is making it imo...assuming he is frugal and has simple hobbies.
>>59249941consider moving to a cheap country but learn the language first
Only biz would shit on someone for cashing out $1MM kek
>>59249948This man got prolly hundreds of times more money than you, took profits in a responsible way, and he's the retarded one?
>>59251338Even if Bitcoin only doubles from here, which is very conservative, having $2MM vs $1MM is a game changer, it would put him close to "making it".
>>59251364People here are trying to make enough money to neet in their apartments. You can't do that forever with $1mm.
One million dollars is literally nothing.
>>59251378you can get something safer like divvies with it
>>59249979Incredibly based.
>>59249987i think you meant figurativelybut also well done OP. enjoy your winnings w/ hookers & blow and post to /biz/ with proof
>>59251364Well there are currently bastardization options for borrowing.Sell 8 for 750KSend 2 to a borrowing protocol like AAVE. Borrow 125,000 usdt that you'll never pay back. Invest 125,000 into something that cashflows or stocks or more bitcoin.1 BTC waiting in cold storage to prevent a margin call.I have more bitcoin than op and just borrow against it for living expenses. i borrow over time to buy more btc. i borrow to leverage gamble on crypto.More financial tools on the way soon with the crypto friendly admin coming to the U.S. The podcasts I listen to say the industry is hyped up now that companies can allocate capital to development without fear of the DOJ coming after them.
I’m never selling, so I’m either a genius or a retard.
>>59251378Divvie stocks plus a stress free part time job doing anything will grant this. Staying home all day gets really old after a while, working part time is the perfect solution.
>>59249941I have 17 btc, not selling a sat till forever.When time comes will borrow against, thats it.In 5 years you will look back at the time you had 10 to 20 million in btc and cope and tell yourself you secured 1m early.
>>59250025>Nobody knows that.fucking retard. We have the most crypto frindly president coming into office, banks are buying in and we are going into a risk on scenario on all assets globally.
>>59251554Dividend on probably 400k after op buys house,. furnishes etc wont even cover taxes and upkeep.Op just guaranteed continued waging rather than a little patience that could have secured a lifetime.>>59251554
Will borrowing against crypto finally become viable? That burned a lot of people in 2021.
>>59251460Thus, or a version of it, is the correct answer.Selling the apex asset to go back into the inflationary economy....sad, op was set, he just had to be patient.
>>59249941you Dun Goofed>>59251534>>59251555realest niggas of this thread
How do banks or credit unions handle this amount of money being deposited in your account? Does it flag anything? I wouldn't be surprised if they try to jew you out of your money
>>59249941bro i am actually jealous. I am a europoor and I am scared that even cashing out 100k will trigger banks and tax authorities to see me as some literal criminal or some shit and just freeze everything. Its not unfounded either cause I had banks ask and freeze shit before.I bought in 2015 from an exchange that does not exist anymore, like what am i even supposed to do here to prove anything. I didnt even trade much just held bitcoin
>>59251763send it to me and i'll wire it back to you
>>59251338>you still have to work part time fucking job when you make it
>>59251773Doing nothing all day gets really old after a year or so, working part time is like a vacation.
>>59249941Congrats anon, enjoy
Imagine exchanging bitcoin with blackrock for digital fed tokens they print for free. Goys really are stupid. Why did you take the bait?
it's actually concerning how many of you can't accept the fact that it's 1 million in hand.Guys, it's ok, know when to stop.
>>59249941see you in 2025
it's a reddit repost, faggots. Look it up
I'm a dumb goy and I have 0.1 BTC on robinhood
>>59249941Lend me a band anon.
>>59251777I'm going to go back to college and get a bunch of degrees for fun because I always liked school and learning.
>$200,000 in taxes>And thats why my friends, I will never sell. Im forced to hold forever, I won't pay a single dollar to the country that fucked me in the ass so many times. No. I refuse.
>>59249979>selling a rocket shiplmao
>>59250025Congrats man! Hope you buy some property.
>>59249948Honestly good job anon. Seems like you were patient, had conviction, and were rewarded for it
>>59250025>And how do you know that? >I bought in 2022 for 225k>This was a incredible operation and a financial successYou secured your gains that is something that 90% of /biz/ never does and never will but you totally sound like the ultimate normie.Grow a pair and buy the bottom of any shitcoin with development and community still alive and by the end of bullrun you could've made a 5x easy,10x with a little more of risk but still not degenerate investments.
Just sold 10% of my stackerino. Thank you for the signal to start trickling out of the market.
>>59249941thanks for the liquidity you fucking numbskull LOL
>>59249979Could've at least waited until $110k. God damn.
>>59249941I might have to sell some BTC to close escrow on an apartment building that cash flows 4300 per month
>>59249979You did the right thing getting out of the NSA Ponzi Coin, Now do what the big players who are in the know are doing.
>>59249941>>59249979>>59250025holy shit lmfao>>59249948KEK>>59250041not only did he sell before another 4x he sold at the tailend of 2024 which means taxes are side bright and early next year AND before Trump relieves capital gains taxes on Bitcoin in 2025 and if he didn't hold for at least a year that's up to almost 40% in taxes and if he catches Dino, Coinbase has a max deposit of $100k a day it'll take 20 whole days to fund his account if he gets desperate to buy back in fffffffuckingggggkeeeeeekkkkkkkkkkkKWAB of the year 2024 lmfaoooooo>>59250130Idk man I'm in a similar wealth bracket and I almost burst out laughing irl at this retard lol
>>59252773No, I'm not gonna buy your shitcoin bags Prajeet.>>59252719>>59252784Show me your big boy BTC portfolio. Go ahead. Teach me.
>>59252812>Coinbase has a max deposit of $100k a dayIs this new?I did a $200k wire transfer back in May of this year.
>>59252817HAHAHAHAHA
>>59250025>he paid the top tax tooholy shit you are goldbergs favorite most retarded goy nigger. at the every least you could have cashed out half of it, paid a lower rate, then cashed out the rest when trump cuts taxes and the price is way higher.
>>59249941I’m worth $1.2M and am pretty risk averse and I have 1 BTC I bought back when my NW was 300k (purchased for 10k). I think you should still hold 1 BTC bro you never know. If I were you I woulda sold 75% and kept 25 assuming this was my whole net worth.
>>59249941Well done. /biz will seethe. fuck em.
This will be like the pizza post one day.
>>59251378basically this.I have 1.75MM and will hold until I have 3MM before I sell this cycle
>>>59249941First of all, we'll done. Second, don't be autistic about having one million. You should never have 0btc.
>>59250025you have 800k melting at a trueflation of 10% yearlynow what
