I took majority profits on my link yesterday. It was a hard decision but I talked to my dad and weighed decisions basically all day. I can now pay for my college completely, after-tax, and I have 30k left over when taxes are paid. I realize link may continue to rise, and I'm confident it has great potential, but the ability to end college debt free was just too strong going into these shitty economic times.
So I have off my college debt and I have 30k in cash currently. What do I do with the additional money? Keep it in cash? S&P500 index fund DCA? Gold? What combination? I'm living at home now and got a job, so my cost of living is pretty low.
def do not keep it in cash, buy amzn or msft or something that reliably marches upwards if you want a relatively safe hold, otherwise, you have rebased, taxes are paid, life is setup, rebuy LINK and pray.
Jeremiah Lopez
I still have 25% of my link, I just... wanted to pay for college and would kick myself if it went way down and I couldn't.
Andrew Anderson
I’m praying for you this is a larp and your’re still sitting on 100% of your stack.
Aiden Powell
>sells an asset with potential 100x upside, to pay off a loan with extremely low interest rate and tiny monthly repayments
OP you are a true retard
Noah Reyes
Faggot
Xavier King
Idiot Have fun wageslaving as Barista or call center agent with a Phd. for the rest of your life t.32 year old Barista with a phd and 50K LINK
Ryan Hall
I'm very worried about inflation as I own no assets (fresh out of school and from a poor background).
I still have 25% in my stack, but, I couldn't resist when the amount got to where I could literally pay off my college.
Jaxon Garcia
You made a smart decision to take profits.
Benjamin Parker
imagine selling financial freedom to pay for the college meme
Hunter Clark
I believe in Link so the decision was hard. Now what do I do though? I've only ever invested in crypto. I made money in 2017 and then when everything tanked I just slowly trickled back in pretty diversified.
Do I look at the stock market or gold or what?
Well the college meme got me my job, and they are paying me 75k a year which isn't terrible. And now I'm able to pay off my debt.
Ian Ramirez
Can you make me a delicious cup of coffee? And how you're doing this tulip with milk?
Hudson Campbell
lol your daddy goaded you into paying off your college debt just so he wouldn't feel on the hook for it
If you had half a brain you'd buy back in asap
Carter Cooper
>what do I do with the additional money. You buy link you fucking retard >I got a job Holy shit you're the dumbest fucking retard I've ever seen. The only good thing about not having a father is you don't have some dumb boomer telling you to sell your chainlink lmfao.
Xavier Wright
You're going to end up kicking yourself a lot harder in 8 months
Jace Evans
I can't help. I am in debt for Linkies and still paying my debt monthly.
If everything works out I will hire OP for 12 an hour to take your order, may I interest you in the Link, it's a simple cup of coffee for one LINK
Cooper Gray
Precious metals is a totally crab, so yeah, look at the stock market. It's more better than gold.
Connor Cruz
This. Parents don't love or live these days ... Parents instead fear.
Lucas Gomez
What happens when trump erases college debt bro
Jaxon Martin
>literally selling on the cusp of a new bullrun because you're too impatient to pay off (((debt))) >being so cucked you want to please your jewish overlords rather than ride another 100x in crypto and enjoy financial freedom You do you senpai
Why did you sell your Link if you are earning 75k a year? You could easily pay your debt with your wage. It doesn't make any sense.
Matthew Sullivan
Good work user!
Nicholas Gonzalez
Good OP - best to make your own decisions.
You have to realise the "NEVER SELLING" gang are often bagholders not wanting anyone to tank the price
Anyone who actually takes profit (especially after a $4 rise from nowhere) are smart.
Link could literally crash in 39 minutes for no reason
Evan Scott
Maybe. I've been a link holder since Jan 2018, when I bought at .87 (whoops) and I held those bags for a very long time.. but picked up many more over time and much cheaper through 2018 and 2019. It has been to 4 bucks and back down again. I know the link market well enough to know it doesn't just moon and I have a fair perspective on it. My average cost is 0.24 USD on what I still hold.
Thanks. I still hold BTC, ETH, and the remainder of my Linkies ... but I want to get out of just crypto. If Link drops again, I may rebuy with some of the 30k as well (maybe 5k worth) over time.
Because if we go into a depression, I might lose my job. It's also not a very cheap loan compared to todays interest rates and it's a sticky loan, so if I ever had financial problems it would not be cleared through bankruptcy.
Thanks user.
Chase Wilson
what in the actual fuck? you sold so much of your stack that you still have 30k left over? you have a job and minimal expenses and you cashed out to pay a debt with a low interest rate presumably? and now you want to invest in boomer stocks and gold. jesus dude. good on you for taking profits, you can never go wrong taking profits, but you DCA your sells as well, not lump sum. I'd take that 30k and put it back into crypto. BTC is never a bad option. Probably a 10x in 3 years.
Robert Howard
You made the worst decision of your life. Bullrun is very close. You legitimately could have paid for college at least 10 times over by the end of the bullrun. But if you had enough link to pay for college at $8, you already know 10 times is being extremely conservative.
Isaac Anderson
>I paid off my 7% interest student loans in return for 75% of my asset that is working with hundreds if not thousands of enterprises to adopt the asset which will lead to a bull run that no one has ever seen before over the next two years. >Meanwhile making $75k a year which is clearly enough to pay the loan in 2-3 years >But what should I do with $30k guise buy HOT? Your dumb boomer dad has the same syndrome you do. Inability to read up on chainlink news and come to a basic understanding that this is the real deal and you just missed out on a huge amount by paying those taxes and eliminating your student loans. Oracle adopting chainlink into their blockchain this Quarter and yet you sell because your dad talked you into it. Lmfao grow a pair and make your own decisions instead of asking your dad or some anonymous image board and maybe you'd still have most of your stack.
Henry Perry
Ok OP, LINK OG here. First of all - congratulations, you were able to use logic and apply it to your own circumstances to come to a decision which is beneficial to you. This thread will be filled with late-linkers who took the cult memes too seriously hating on you, but they will most likely ride down a 50 to 70% correction and then post threads asking when their real life will begin for the next 3 years.
Now you have locked in your profit, maybe throw some shekels at low cap projects. If you are sitting in on cash then you can earn interest on it with things like Nexo, Curve, Balancer etc. while you are waiting for a nice dip to scoop up some cheap bags. Either way nice work.
Ryan Sanchez
Enjoy wageslavery forever. I think the future version of yourself is screaming in agony right now. You’ll understand one day.
Asher Price
I rescind my post as these new details arise. You can't go wrong taking profits. And you just reduced a lot of risk and uncertainty by paying off a high interest rate debt. Good job.
What you could do now, is reinvest those link gains back into BTC or ETH. That's what I would do, as I am not trying to wageslave forever. Then, because you have minimal expenses, I would start DCA into index funds. Open up a Roth IRA. Literally the best investment vehicle for most people.
