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by COINS NEWS 107 Views

When I first got into crypto, almost everyone tried to talk me out of it as an investment.

-Too Volatile!

-Real estate is real, this is digital

-The government will ban it

-It's a scam

-Diversification is key, it should be max 5% of your money

I have sold some of my btc. The key I want to make clear: When you sell, sell for a good reason. You most likely will never buy back at the same price.

I saw nearly every person trade away their crypto. My close friend who bought 3 btc for $2,000 each -long before I was involved-had to sell his. My co-worker (much higher up on the food chain) got exposed to a lot and "sold the rips". He can never buy back. His entry position was 7k.

While many people think of when to cash out (and yes, I will cash out for certain lifestyle goals with a portion of my crypto), I think it's key to understand we are entering the final 2 cycles until most people figure out what this is. By this, I mean the big ones -btc, eth specifically.

I think within 5 years the idea of buying eth under 10k and btc under 100k will be viewed as laughable. It will be just as laughable as buying a 2,000 sq foot house in la, Orange County, or San Diego for under 800,000. I remember when houses in these areas crossed 1 mill in 2017 and everyone screamed top, top, top. Those are the same people who paid a minimum of 50% more.

submitted by /u/Tryingtodoit23
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