What would you do?
What would you do?
Just looking for a little advice from internet strangers here. I’ve been in and out of crypto for a while, but only with pocket change until this year. Essentially, I’ve got damn near my life savings invested right now. I’m up 10K on a 20K entry, spread through a bunch of coins. 10K might not be a lot to some, but to me it is a very large amount of money. My goal for this bull run was to 3-5x my money, which yes off that little 20K investment would be damn near life changing for someone like me. The dilemma I’m facing now that I’m up 10K is that I’m also 10K in credit card debt. Should I pull that 10K profit out now, pay it off so I don’t have to worry about it, and then hope for like a 2x after that? Or would you just let it ride with the thought that we are still early in this bull run, and not miss out on more gains for a potential 3-5x? Really torn on what to do right now
Agreed. Having no credit card debt is also life changing. Cash out what will pay off the CC debt and don’t use CCs anymore. CC interest is a trap a lot of people never get out from under. That would be an investment win.
Nope nope nope definitely pay off the debt. crypto is volatile, and you dont wanna be stuck holding it. You already 2xed your money, sell your original investment and pay off your debt. Let your profit ride as you wish but define a exit strategy. You shouldn’t be putting “life changing” money into such a market. Don’t let the hopium get to you