I’m a 26 years old medicine students and I’m sitting on about $210K in crypto right now.$140K in stable coin and also $68K worth of BTC.Most of it came from a mix of meme coins and some leverage trading that worked out way better than I expected. A big part of it was also being in a community that kept me sharp, but at the end of the day I pulled the trigger myself.
Now I’m stuck thinking… do I just park this into something safer like ETH/BTC or even stables and wait it out, or do I keep swinging at the high-risk plays that got me here?
I also don’t want to be on the trades everyday since my focus is my university right now.
Curious how others in here would play it.
Btw…Started with almost $20K before 3 months
$200K in 3 months…what would you do? AMA
byu/SwiftWrite inCryptoMarkets
Posted by SwiftWrite
12 Comments
Wow that is amazing. What platforms do you use for the crypto and the trades? Are you talking about crypto trades or other?
When do you need it? If you can store it long term just put it in bitcoin. If you need it before 5 years keep it in stables. I would not continue trading. Concentrate on school and sit pretty knowing you have a great emergency fund. Way better than most going through school.
Diversify some capital into the stock market. That’s my only opinion.
Bitcoin will eventually go kaput, regardless of what all these self appointed experts claim. Invest what you now have into long term index funds, go research that and be patient with that long game. Enjoy life, maintain investing, reap rewards when you’re 40. Good luck
Congrats bro, what groups were you in?
Smart to keep a $BTC bag. Keep some put away in fiat (stablecoins ok) for emergency fund/savings. Brother do yourself a favor and put some into SPX6900 it’s got the best risk/reward in all of crypto right now. It’s real. Study the community, come and get to know us. The stock market will be flipped. We will effect positive changes in this world. Praying for your success <3
Well, it depends on the strategies that you have used to get to 200k, if they are repeatable and can be risk controlled, I would keep doing it, if not (which means that a significant part of success was luck) then just exit the crypto space and put the funds in gold and s&p500. Not financial advice.
I would buy a full bitcoin and put the rest in a dividend or growth ETF and let it sit there till you’re done with school
Sounds like a shill post for sol. If it isnt get a hardware wallet asap coz phantom isnt going to cut it. Id just convert all to btc and take a loan against 30% of it on aave at 5% and use that to buy and stake eth or a lst like lido or rocketpool. Id keep it like this for minimum 5 years and just let it grow while taking out more loan to pay for living expenses here and there. This strategy is better than selling for a taxable event and rotating into stocks which wont see as much upside for the next decade imo. You have a good chance of retiring off this play in the time i mentioned and your performance at school will definitely be impacted. But lets be brutally honest youre likely going to accomplish nothing with a degree in todays landscape.
Put it all in ETH and just chill
Haha, pay off student loans? As a medical student, sure you’ll have a lot of those
Step 1 delete this post lol.
Jk, kinda.
Capital gains will take half. Assume that much. Yes it’ll be less, but seriously dont mess with owing 50, 60, 70k in taxes and not have it.
Thats a terrible place to be.
I personally move 60-70% of any investment gains into moderate risk to keep growing. Leave 10-20% for risky high potential. Buy some fun stuff with the rest, or a house, or something.