I took out $20k in loans last year to buy crypto at 6k, got rekt of course but didn’t panic sell.
Total debt: $68,000 in loans (crypto + student)
Income this year expected to be $120k pretax, substantially less after child support and taxes.
I own a house with $217k left on mortgage
I am making just enough to cover my debts and live frugally. Still toss like $100 a week in BTC. I will probably get some bonuses this year.
Total assets: $40k crypto and $8k cash.
Will I make it if I just hold?
No you will NOT make it. Do some research on bsv and you will se that non of the other blockchain projects matter. Bitcoin can do everything others claim to do and it can do it better. bsv also has the mos economic and professional backing
Not with that portfolio.
I don't understand the logic in people with relatively small sums hoping to "make it" by investing in big caps. At a minimum you want to x10 your BTC, which you aren't going to do with any of those holdings.
Small/mid caps are riskier, but the only realistic way forward if you want to turn $40k into a life changing amount of money.
> vechain
oof you gonna get rekt
> nano
maybe this will save you
Sell all and start paying off your debt
Thing is if you bought BTC in 2017 at the right time in the last bull run you could have x10 from that. Its a safer bet, so a lot of people prefer it.
If you listen to Craig here, you’ll be poor and living under a bridge or in a sewer.
Anyone trading or HODLing crypto is an idiot. The whole mess is literally people passing more and more money back and forth to see who gets left with the bag. (Here's a hint: the jews won't be left with the bag.)
Vet ahahahahaahahahaha
Just reading this gave me anxiety. Why would you do something like this? Are you suicidal?
btc and decred are the only non-scams here. sell scams hold btc and dcr
How big of an idiot am I?
Well, user, which scale do you want me to use?
portfolio looks good but hedge with Dentacoin
>vet
>eos
>nano
We did it, Reddit!
What coins would you recommend, and how many to hold?
Yes, instead of listening to a guy who was unironically part of the Satoshi team, you should listen to this nobody, OP.
Time to move to a monastery
Sell that piece of shit of VET and EOS
Buy more BTC and XMR
You will not make it with a shitcoin portfolio
>Not with that portfolio.
Agreed, I'm with you on big leverage/risk but you need to be in smaller caps and ride them up, not dead shit from the last bullrun.
I have $100k in crypto atm and all of it in market caps under 30mil. Every coin in the top FORTY was over 1bn cap at the last bubble. That's a 30x from here if my projects hit that level, which I believe strongly they will.
not the sewer, thats where Craig lives
Dump your ark bags.
Also dont buy BSV I'm still accumulating