What will you do after Six Figure Crypto Cash out to your bank account ?

[troubled soul]

I Find so many questions for Crypto cash out to a Real bank account.
I want to take this discussion further. After you get your six-figure in your bank account.
What will you do with that money?
Really curious?

Thanks

 

[Martin Everson]

azb1 said:
What will you do with that money?
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Invest it in real assets as opposed to speculative ones.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[Golden Fleece]

Martin Everson said:
Invest it in real assets as opposed to speculative ones.
Click to expand...

I know someone who worked on Wall Street who invested in a hot biotech company. His six-figure investment shot up to over $50 million. A rejection from the U.S. Food and Drug Administration (FDA) collapsed its price overnight.

On the bright side, he had already recouped his original investment -- and he also used some profit to buy a house. On the other hand, he still lost over $50 million (in paper profits) when the price collapsed.

That should be a serious lesson to all crypto fans.

 

[troubled soul]

Martin Everson said:
Invest it in real assets as opposed to speculative ones.
Click to expand...

What is your thought about crowdfunding real estate investment? Create an Account with available all Regulated Crowdfunding website.
Crypto -> EMI -> Real Estate Crowdfuning -> Enjoy return in real Bank account.
Is it a Good Idea?

Is it Good?
Some offer a very attractive return.

 

[Martin Everson]

azb1 said:
What is your thought about crowdfunding real estate investment? Create an Account with available all Regulated Crowdfunding website.
Click to expand...

Crowdfunding entails generally a high level of risk for the investor and likewise potential returns should always reflect this high level of risk. Real estate is capital intensive also and returns are low compared to other investments.

azb1 said:
Is it a Good Idea?
Click to expand...

Sounds good on paper.

azb1 said:
Is it Good?
Some offer a very attractive return.
Click to expand...

Firstly, what do you consider an attractive return?

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[dread pirate]

Property ... after staking stable coins during the coming bear market and riding the next bull market into the 7 figures 😀

 

[7889]

There seems to be less and less reason to cash out everything to real banks. Put stablecoins (usdc is preferre for long term) in 8-10% return deposits (blockfi, nexo, celsius, crypto.com), cashout to crypto cards (advcash, crypto.com), shop around, life is good”¦

 

[vipul]

7889 said:
There seems to be less and less reason to cash out everything to real banks. Put stablecoins (usdc is preferre for long term) in 8-10% return deposits (blockfi, nexo, celsius, crypto.com), cashout to crypto cards (advcash, crypto.com), shop around, life is good”¦
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For everyday purchases, it may not matter as much, but for large purchases such as property or maybe paying off loans, you still need to cash out to banks.

 

[legrant]

Golden Fleece said:
I know someone who worked on Wall Street who invested in a hot biotech company. His six-figure investment shot up to over $50 million. A rejection from the U.S. Food and Drug Administration (FDA) collapsed its price overnight.

On the bright side, he had already recouped his original investment -- and he also used some profit to buy a house. On the other hand, he still lost over $50 million (in paper profits) when the price collapsed.

That should be a serious lesson to all crypto fans.
Click to expand...

This aged very well