In the past 1 year and a half I focused on accumulating many crypto, mainly bitcoin, but also various altcoins. I started my first experience with these assets.
I never invested out of my pocket: everything I got was earned through online earning sites with active use or passive income (you can see some of them talked about more in detail in my blog, if you're interested take a look).
With this method I managed to put aside around 6000$ in crypto alone, thanks also to the market rise. After the approval of Bitcoin ETFs by SEC my portfolio has seen a big grow up.
I'm already taking profits.
I believe that nobody can predict the top or the bottom of the market, that's why I'm selling a bit at a time. When I see the price grow up, I sell a part of my crypto, but not all.
For example yesterday, when Litecoin touched 106$, I sold around 1.3 Ltc.
But I'm waiting to sell the big part at the end of this year and in 2025. Meanwhile, I'm still accumulating with online earning methods.
What I was used to cashout on Paypal, now I send it to my crypto wallets.
I honestly don't really believe in Bitcoin and crypto as a safe form of investment on the long term, I think about it more as a speculation.
Now with the introduction of the ETFs I started changing my mind, but I'm still planning to slowly reduce my exposure on these assets.
Crypto are one of the riskiest investment sector, I invested in it because I'm young and it's not a big deal if I loose money, I can recover.
But surely I don't see it as a method to grant me a quiet life in my old days.
So here comes the title: I will sell all of my crypto by 2025. I don't know how much I will have after that (and after taxes, that here are 26% of the gains). But it will be a decent amount, at least for the country I'm living in.
I still study at college and next year I will start to work. So I'm planning to use the money I'm making with crypto as a sort of help to start a new life and move. Not enough to buy a house, but enough to pay several months of rent.
Then with the money I will put aside from my paycheck, I will start a monthly investment in stocks and in national bonds (here taxes are reduced to 12,5%). I don't plan to get rich with crypto, I just see them as a mean to grant me an initial capital for more safe investments.
When the market will dump after the bullrun, maybe I will start collecting crypto again, but following the same philosphy adopted until now. No money invested from my personal savings, only accumulation through free sites (I use plenty).
I know that traditional investment have lower return, but I would be happy with a 4% a year, since I'm starting young, I will have many years to grow my capital.
I see crypto only in the short term, the market has its cycles, in 2 years you can take great profits. Just remember not to be too greedy and take your profit when you can.
People make the mistake to buy during the bullrun due to FOMO, I started accumulating in 2022 with low prices.
So in this article I expressed my lack of trust in crypto, mainly because they are subjected to strict laws every year and news can influence the market a lot (even in stocks it happens, but with less frequency). I think it's still good to allocate a small percentage of your capital in crypto, but I don't see them in the long term. Just take profit within 1/2 years while you still can.
I will sell ALL my crypto in 2025
By Lazincome | Seed Coin Strategy | 30 Mar 2024
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