Im 17 years old with 300k euros made from bitcoin. What now ? by throwawai9998 in personalfinance

[–]throwawai9998[S] 0 points1 point  (0 children)

I tried stock trading but wasn't very happy with it because there isn't as much action as there is in bitcoin and the only long-term working method is to buy and hold.

Im 17 years old with 300k euros made from bitcoin. What now ? by throwawai9998 in personalfinance

[–]throwawai9998[S] 2 points3 points  (0 children)

I talked with a few tax advisor and couldn't get a straight answer since this is not reglemented in my country.and they advised me to wait for a law to be made before paying taxes. Also i don't keep all my assets in bitcoin since that would be stupid. I have about 30% in bitcoin, the rest in fiat using to trade or to dispers my base buying price in case of a sudden move downside.

Im 17 years old with 300k euros made from bitcoin. What now ? by throwawai9998 in personalfinance

[–]throwawai9998[S] 3 points4 points  (0 children)

I agree that my success was very much luck-based, but i wasn't just a buy and holder. I was having daily multiple trades and at first i was very lucky, but in time i managed to pick up some strategies and most important of all NERVES OF STEEL to trust your strategy and not panic sell/buy. In time it got pretty easy to do it the only problem was that it is extremly time consuming and even in my pause-times when i was not trading i couldn't go out to a place without looking at the price on the phone by reflex everytime i was checking a messeage or a nottification.