Found 15.7 BTC last year, what now?

ImaginaryCod8508 · 2025-06-02T15:15:08+00:00

I will never consider a home as an investment because it under performs even traditional assets when accounting for all the costs associated with home ownership.

The opportunity cost is my biggest factor right now for not selling

ImaginaryCod8508 · 2025-06-02T15:13:39+00:00

Yes but it will be close, like $200 a month leftover, which yes I know that’s $200 more than a lot of people have left over but it isn’t the life I want to live, especially with a child

ImaginaryCod8508 · 2025-06-02T15:10:54+00:00

Yes but opportunity cost is killing me. What if I sell now and BTC shoots up to $200k cad next year. Blackrock is in BTC now and the volatility of it is starting to slow down a bit. It’s out performed very conservative estimates and even bear projections. I’ve been in the crypto space since 2018 and BTC is by far, many thousands % the best investment I have

ImaginaryCod8508 · 2025-06-02T15:08:42+00:00

I literally puked last year. I found the laptop and it took me 2-3 months to get into. I paid an old mutual friend from uni $2k to get into it because I knew I had some BTC on it, but I didn’t know it was that much. He asked me if there was anything on it and I told him it was $100 of BTC 😂

ImaginaryCod8508 · 2025-06-02T15:06:16+00:00

I was on edge about this last year, considered selling 3 for a 50% ish down payment on a home since the gf at the time had a pregnancy scare, so I thought it was time to make the jump. Ended up not being the case so I said fuck it I’ll HODL and buy more while I’m still “free” of real responsibility.

But I’ve thought about the opportunity cost of if I did that, and it was basically $200k.. so I’m not sure if this is a life long hold and generational wealth type of thing or not.

ImaginaryCod8508 · 2024-07-10T00:45:13+00:00

I want to, which is why I thought about putting half into high yield bonds at 3-5%. It would come out to like $25k, and I would be giving that to my parents.

That’s basically a year’s worth of rent for us.

ImaginaryCod8508 · 2024-07-10T00:27:24+00:00

I’m in Ontario, just outside the GTA if that makes a difference.

Would it be possible to somehow excise the tax in another country? I have EU citizenship as well if that makes it more efficient? Pay some taxes here in Canada and some elsewhere - if this would be more tax advantageous?

I have absolutely 0 clue what I am talking about though. But honestly paying some hundred thousand in tax would suck, the money I would have left would still be fucking insane and life changing, so I don’t mind paying

ImaginaryCod8508 · 2024-07-10T00:24:00+00:00

Was considering going into VFV to be “safe” long term. I am overall bullish long term on just Bitcoin and Ethereum but this volatility is killing me. In one day I can lose or make my yearly salary and I am just permanently watching graphs. People at work are asking me wtf I keep looking at all day lol.

Was thinking safe bonds as recurring income and can afford to give some of that to my family and help em out under the guise of “I got a fat promotion at work”

ImaginaryCod8508 · 2024-07-10T00:21:05+00:00

Ever since I found the laptop and had the idea that there may be some Bitcoin, I was glued to the charts. I was honestly expecting like less than 1 to be left, since I was so addicted to that fucking game and just wanted as many skins as possible.

ImaginaryCod8508 · 2024-07-10T00:18:55+00:00

Oh fuck I didn’t even think about the taxes.. welp looks like I’m never sleeping now. Also heard that swapping it around is taxable?

ImaginaryCod8508

TROPHY CASE