I see young people making their first million on crypto and suddenly they start flashing cars, chains, watches, etc..
Let me impart some wisdom.
Prioritize and think big picture.
My suggestion:
1. Pay off all your debt.
2. Take a portion of your gains and park it in lower risk asssets and/ or stables. Coinbase offers 4.1% APY for $USDC
3. Once we are deep into the next bear market, convert some stables into $BTC. If you use leverage, don't go higher than 3x.
4. Start a retirement fund. Speak to a wealth manager and at least explore the options.
Remember, we WILL have a bear market again, and the cars, watches etc won't impress anyone if you can't pay your bills and you're living with mom and dad.
There will be great opportunities to buy low again, but you can't take advantage of them if you aren't liquid.
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