Keeping it is the hard part.
Does anyone have a good system for taking profits from crypto to fiat?
>>3061675
>trade your coins to bitcoin
>sell bitcoin on coinbase to your paypal/bank account
Why use fiat? Just get a Crypto debit card
>>3061718
Just buy with BTC, no?
>>3061746
I wish that was mainstream but the government would fuck everything up
>muh taxes
If your shit went 10x, it might be a good time to take some profits.
>>3061675
why would you do that? Crypto is supposed to me a fucking investment. you dont spend your investment
its like throwing money in the trash
>>3061861
>make thousands in crypto
>just sit on it forever
???
>>3061861
Crypto is supposed to be whatever the person wants it to be you fuck, I guess it's impossible for someone to live off of investing now. Nope crazy talk, you can never take money out from your investments.
Currently dealing with this. I have some gains I want to cash out but I don't want to get fucked. Might look into an accountant...
Trade bitcoin for gold
Sell gold
>>3061861
crypto is waaay too unstable to act as a retirement fund
there's no guarantee the crypto market will exist in 10 years, let alone 40 when i'm going to be living off my investments
you have to cash out in time and use your new wealth to get into securer investments
>>3061910
Well yeah, if you want those thousands to become tens, hundreds of thousands.
Imagine you had 100 btc at $500. You're sitting on $50k.
Today that's in the $400k range.
Imagine instead you have 100 btc at $500 and decide to cash half. Now you just have 50 btc and $25k.
Today that's worth ~$225,000.
Difference of $175,000. All because you wanted $25k.