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RE: Life After Bitcoin - What Will You Do When Moon?

in #bitcoin4 years ago

It is the right time to ask this question. What are you going to do with the proceeds? At what price will you sell? How much? For what? Likewise, when BTC reaches $40k-$60k levels it will be the time to think about the next cycle: at what price will you buy back? How much? With what? My tips for using funds: (a) reduce/clear debt, (b) enable experiences that expand your horizon, (c) help family, friends, communities (d) be careful with buying cost (don't just look at the price of the lambo, look at its cost of ownership, too).

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Agreed, this is a once in a life time opportunity for a lot of people and it will be very sad if all they do is waste it on fancy trinkets and status symbols

I think that’s a good plan to set out your level you want to sell and buy and lay out a structure you feel works for you! Maybe you want to keep some in crypto like a stable coin maybe some you cash out and you may have to deal with tax in certain counties

There is a lot to consider when a large amount of money comes your way and it’s important o prepare and know what’s coming and how to avoid it

It could even be used to give other family or friends opportunities like schooling or nurturing a talent like music or sport

So much to consider I do hope people do think of planning

For me personally I’d hope to reinvest in my business and some opportunities in the market and maybe a little self indulgent traveling lol