Cashing out crypto and then?

[Yrybak08]

I like Offshore Corp Talk for responsible advice you don't see much of on the Net, says "Grandpa 85, a/k/a Peter Taradash.
The next BTC run you were waiting for has certainly run since you wrote the above. I had some BTC bought recently at an average cost of $30K per BTC. It has more than doubled as of today ...5 Mar 2024 ... <[email protected]> wrote:

What real estate is good? Many places are OK. If you look in the best, safe, Ultra Modern neighborhood of Manila called "BGC" you can get a good condo depending on size, amenities, view, floor, etc. from about $100,00 for a studio up to practically infinity like $5 million for a 500m2 penthouse. I just bought a 2 brm 2 bath in the $300,000 range. I like the fact that the prices, condo fees, real estate taxes, and everything else in BGC are maybe 20% or less than in Miami, Phuket or French Riviera costs. Air BnB is legal. Price appreciation is expected to be at least 10% a year in U$A dollars. Rents in BGC can give you a 20% annual yield. Most Manila condos have the problem of rapid deterioration after the developer sells all his units, but Ayala properties have a record of excellent maintenance. I am retired and don't have much to do so if you are in the Philippines and want no-cost advice (if you buy me a hamburger & a beer), feel free to contact me. I like Offshore Corp Talk for responsible advice you don't see much of on the Net, Good Luck! Peter Taradash

The Bitcoin run hasn’t even started. A Bitcoin bull run cycle doesn’t start until you cross previous ATH. Sure going from 16k to 20k can also be referred to as a run but when it comes to bitcoin we speak of “cycles” and the bull cycle hasn’t started yet. Why stop at doubling your money when one can 4x or more? Sit back and relax. You’ll be able to buy 4 times more apartments (at least). GL

 

[Revoltec]

Have any of you already perhaps started thinking about an 'exit strategy'? It might be smart to sketch a plan now already. You can't predict the top, but you can be quite wrong and still make a lot by buying more at lower levels during the next bear market. I imagine it could be interesting to evaluate how unstable the price increase is and sell off in parts. I don't think either fundamental or technical analysis will be helpful here. Rather, something that checks how fast we are approaching gold's market cap(?)

Who know, maybe we will reach the top in the coming few months and see a fall before we even get into the next year.

 

[lory]

I'd like to gather some ideas about where to put the money in after selling out in the next BTC run.

Currently, I got around 300K in my paper wallet (90% BTC 10% ETH). Beside of that, I got 100K which I use selling daily puts on BTC.
I had 1280 BTC when MtGox went down and made it all disappear, but yeah, what I got now is total 400K USD, and no 60 millions.
I still keep that YUBIKEY with MtGox printed on it which was used to login to MTGox though, maybe I can sell it as a collector item someday.

Anyway, the paper wallet is not creating any yield, the puts are making between 10-90% APY (depends on the day),
which may average 30-60% yearly, especially as it all gets reinvested.

I am pretty satisfied with the current allocation, holding 75% in BTC (and a little ETH) and creating cash yield with the 25%.

My original plan was to exit the market in 2025, and invest the money in a few apartments in Ukraine,
and AIRBNB them (it was the best AIRBNB yield few years back, about 30% ROI yearly). Then the war came,
and I thought to buy real estate in Georgia instead. Then the Russians came, and the market changed and Georgia became uninteresting.
Montenegro was next, but the prices are running away, and it's getting closer to join the Bolshevik EU.

Now, I got no clear idea. Condos in Thailand just lose value and short term AIRBNB is prohibited, land can't be bought as foreigner.
Pretty much the same for VN, Laos and Cambodia, there are some ways to do it, but I don't want to bet all my money on a lease contract.

I stopped investing in stocks after COVID wiped out my margin and turned 120K into 12K. It also doesn't follow fundamentals,
but is highly manipulated. I would also prefer something that isn't tracked or can be connected to me by others.

I thought about investing in a real estate note fund in the US which offers 12% yield, but that 12% are not enough in the current inflationary
environment.

So, lets brainstorm, what could be a good investment at the end of 2025? I expect having a total of around 900K then (worst case)
I don't want to hold again through the bear market.

When I read your post, it seems like you've been quite unlucky with your investments so far! I don't have any good suggestions for you, but I can see there are already some good ideas here that I will also study a bit.

But losing 60 million US$ is almost enough to make someone consider extreme actions.

 

[wellington]

I'd like to gather some ideas about where to put the money in after selling out in the next BTC run.

Currently, I got around 300K in my paper wallet (90% BTC 10% ETH). Beside of that, I got 100K which I use selling daily puts on BTC.
I had 1280 BTC when MtGox went down and made it all disappear, but yeah, what I got now is total 400K USD, and no 60 millions.
I still keep that YUBIKEY with MtGox printed on it which was used to login to MTGox though, maybe I can sell it as a collector item someday.

Anyway, the paper wallet is not creating any yield, the puts are making between 10-90% APY (depends on the day),
which may average 30-60% yearly, especially as it all gets reinvested.

I am pretty satisfied with the current allocation, holding 75% in BTC (and a little ETH) and creating cash yield with the 25%.

My original plan was to exit the market in 2025, and invest the money in a few apartments in Ukraine,
and AIRBNB them (it was the best AIRBNB yield few years back, about 30% ROI yearly). Then the war came,
and I thought to buy real estate in Georgia instead. Then the Russians came, and the market changed and Georgia became uninteresting.
Montenegro was next, but the prices are running away, and it's getting closer to join the Bolshevik EU.

Now, I got no clear idea. Condos in Thailand just lose value and short term AIRBNB is prohibited, land can't be bought as foreigner.
Pretty much the same for VN, Laos and Cambodia, there are some ways to do it, but I don't want to bet all my money on a lease contract.

I stopped investing in stocks after COVID wiped out my margin and turned 120K into 12K. It also doesn't follow fundamentals,
but is highly manipulated. I would also prefer something that isn't tracked or can be connected to me by others.

I thought about investing in a real estate note fund in the US which offers 12% yield, but that 12% are not enough in the current inflationary
environment.

So, lets brainstorm, what could be a good investment at the end of 2025? I expect having a total of around 900K then (worst case)
I don't want to hold again through the bear market.

Stock market is easy - same as crypto

Just price on business cycle and liquidity ignore the rest

Oh and do the Nasdaq 100 etc not individual stocks

 

[uranium]

Stock market is easy - same as crypto

Just price on business cycle and liquidity ignore the rest

Oh and do the Nasdaq 100 etc not individual stocks

I wonder you keep pushing for nasdaq 100?
Is Voo bad compared to ndx ?

 

[cryptofriendly]

When I read your post, it seems like you've been quite unlucky with your investments so far! I don't have any good suggestions for you, but I can see there are already some good ideas here that I will also study a bit.

But losing 60 million US$ is almost enough to make someone consider extreme actions.

You think so?
I got good food, a roof over my head, money in my bank accounts and crypto wallet.
Making money 24/7, no matter if awake or asleep, my bots work for me.
Currently in a >100 sqm rental apartment in a tropical country. A swimming pool meters away.

Would an additional 60 million USD make my life so much different? (I don't do coke)

 

[uranium]

You think so?
I got good food, a roof over my head, money in my bank accounts and crypto wallet.
Making money 24/7, no matter if awake or asleep, my bots work for me.
Currently in a >100 sqm rental apartment in a tropical country. A swimming pool meters away.

Would an additional 60 million USD make my life so much different? (I don't do coke)

Enjoy Thailand!

 

[cryptofriendly]

Enjoy Thailand!

I wasn't talking about TH, there are lots of other nice places around.
But you might be reading my mind, as I'm planning to spend a month (or two) there in August.

 

[Marshal]

But losing 60 million US$ is almost enough to make someone consider extreme actions.

There was a guy back in the day who paid for his pizza 10,000 Bitcoins... It's not that easy to foresee the future.

 

[RexS9999]

Solid dividend stocks.

 

[bibing]

Got them stolen by MTGox then

Did I hear some of the people are getting partially refunded?

 

[daniels27]

I had 1280 BTC when MtGox went down and made it all disappear, but yeah, what I got now is total 400K USD, and no 60 millions.
I still keep that YUBIKEY with MtGox printed on it which was used to login to MTGox though, maybe I can sell it as a collector item someday.

Is this still the case or did you get your massive 9000% payout?

Did I hear some of the people are getting partially refunded?

This is old coffee. The last news was that they were paying out at 54k USD / btc while the loss happened at 600 USD / btc.
https://www.cnbc.com/2024/07/05/mt-...n-to-creditors-a-decade-on-from-collapse.html

“Many will clearly cash out and enjoy the fact that having their assets stuck in the Mt. Gox bankruptcy was the best investment they ever made,” said Glover, who was previously a managing director at Barclays. “Some will clearly choose to take the money and run,” he said in emailed comments.

 

[peter taradash]

Have any of you already perhaps started thinking about an 'exit strategy'? It might be smart to sketch a plan now already. You can't predict the top, but you can be quite wrong and still make a lot by buying more at lower levels during the next bear market. I imagine it could be interesting to evaluate how unstable the price increase is and sell off in parts. I don't think either fundamental or technical analysis will be helpful here. Rather, something that checks how fast we are approaching gold's market cap(?)

Who know, maybe we will reach the top in the coming few months and see a fall before we even get into the next year.

Is my take on Bitcoin.

 

[PhantomOf ThePits]

I'd like to gather some ideas about where to put the money in after selling out in the next BTC run.

Currently, I got around 300K in my paper wallet (90% BTC 10% ETH). Beside of that, I got 100K which I use selling daily puts on BTC.
I had 1280 BTC when MtGox went down and made it all disappear, but yeah, what I got now is total 400K USD, and no 60 millions.
I still keep that YUBIKEY with MtGox printed on it which was used to login to MTGox though, maybe I can sell it as a collector item someday.

Anyway, the paper wallet is not creating any yield, the puts are making between 10-90% APY (depends on the day),
which may average 30-60% yearly, especially as it all gets reinvested.

I am pretty satisfied with the current allocation, holding 75% in BTC (and a little ETH) and creating cash yield with the 25%.

My original plan was to exit the market in 2025, and invest the money in a few apartments in Ukraine,
and AIRBNB them (it was the best AIRBNB yield few years back, about 30% ROI yearly). Then the war came,
and I thought to buy real estate in Georgia instead. Then the Russians came, and the market changed and Georgia became uninteresting.
Montenegro was next, but the prices are running away, and it's getting closer to join the Bolshevik EU.

Now, I got no clear idea. Condos in Thailand just lose value and short term AIRBNB is prohibited, land can't be bought as foreigner.
Pretty much the same for VN, Laos and Cambodia, there are some ways to do it, but I don't want to bet all my money on a lease contract.

I stopped investing in stocks after COVID wiped out my margin and turned 120K into 12K. It also doesn't follow fundamentals,
but is highly manipulated. I would also prefer something that isn't tracked or can be connected to me by others.

I thought about investing in a real estate note fund in the US which offers 12% yield, but that 12% are not enough in the current inflationary
environment.

So, lets brainstorm, what could be a good investment at the end of 2025? I expect having a total of around 900K then (worst case)
I don't want to hold again through the bear market.

Interesting thread.

@cryptofriendly One thing I dont understand regarding MtGox: I have some friends who sold their MtGox bankruptcy claims in 2021 for around 50k USD per BTC.
If you had 1,280 BTC there, thats over 60m USD (now even higher).

You never got contacted by MtGox liquidators on your MtGox Ref Email on file?

 

[cryptofriendly]

Interesting thread.

@cryptofriendly One thing I dont understand regarding MtGox: I have some friends who sold their MtGox bankruptcy claims in 2021 for around 50k USD per BTC.
If you had 1,280 BTC there, thats over 60m USD (now even higher).

You never got contacted by MtGox liquidators on your MtGox Ref Email on file?

My old email address got compromised following 2016, and I have been using a different email address for many years at this point. So yeah, I didn't get any message from the liquidator, and missed out unfortunately. I learned about the deadline a week or two too late on the net.

Well, no worries - that's life.
No regrets, just looking forward. Gonna try to make even more than that now. Not that I really need it, but why not.

 

[daniels27]

My old email address got compromised following 2016, and I have been using a different email address for many years at this point. So yeah, I didn't get any message from the liquidator, and missed out unfortunately. I learned about the deadline a week or two too late on the net.

Well, no worries - that's life.
No regrets, just looking forward. Gonna try to make even more than that now. Not that I really need it, but why not.

You mean that in short, $60M USD went down?

 

[PhantomOf ThePits]

My old email address got compromised following 2016, and I have been using a different email address for many years at this point. So yeah, I didn't get any message from the liquidator, and missed out unfortunately. I learned about the deadline a week or two too late on the net.

Well, no worries - that's life.
No regrets, just looking forward. Gonna try to make even more than that now. Not that I really need it, but why not.

Wow man thats a tough one...
I understand on the one side that you want to leave it behind.
On the other side as the payout is so huge, you didnt want to use lawyers to prove your case?
Even if the odds are low, payout is generational wealth.
Get a law firm who works against a percentage of the payout -- so you wouldnt have to pay them upfront and incentivize them too to get your claim settled properly.

But yeah I also would understand if you think it'd affect your health trying to go the legal route, you wanting to leave it behind as a bad beat, move on and enjoy life as you still got enough powder to play.

 

[cryptofriendly]

Wow man thats a tough one...
I understand on the one side that you want to leave it behind.
On the other side as the payout is so huge, you didnt want to use lawyers to prove your case?
Even if the odds are low, payout is generational wealth.
Get a law firm who works against a percentage of the payout -- so you wouldnt have to pay them upfront and incentivize them too to get your claim settled properly.

But yeah I also would understand if you think it'd affect your health trying to go the legal route, you wanting to leave it behind as a bad beat, move on and enjoy life as you still got enough powder to play.

I actually thought about doing it. But I know the Japanese legal system too well, and I know how long court proceedings take. It took 10 years for the system to transfer SOME of the MTGox holdings to the owners (there is still lot to go), and this was a prominent case of international scale and interest, which would make them lose face if it was delayed for longer (10 years is already crazy in my opinion).

I have no desire to wait and fight for 40 years to maybe receive something, it's better to let it go and forget about it.
Their judicial system is based on the German judicial system and sounds great on paper, but it's 3rd world feudal style in practice. Here a little glimpse of it, pay attention to the duration and the amount of compensation:
https://www.bbc.com/news/articles/c0krnjy72j0o

 

[Mercury]

I have no desire to wait and fight for 40 years to maybe receive something

I didn't figure out you were that young.

 

[daniels27]

I didn't figure out you were that young.

He invested in longevity startups with his coins too.