In January of 2017 I started investing in Ethereum. It started with $10 as a test deposit to Coinbase to see if it was legitimate. At the time, no one around me was talking about cryptocurrencies or blockchain. I looked into the tech and saw potential. For the next 3 months I deposited anywhere between $10-$100/week. By the end of March I had invested over $400 but already my investments had grown exponentially.
Since then I traded my Ethereum for other cryptocurrencies like Bitcoin, Litecoin, Ripple, Stellar Lumens, Gnosis, Gas, NEO, etc. on different exchanges. I now have over 50 different cryptocurrencies of which I’m investing in long-term. My total investment has been around $2,200 total and I currently have about $68,000 in cryptocurrencies. Be aware that I’m not an expert.
I'm going to sound like someone wanting to cash out to buy a Ferrari, but hopefully a bit more logical.
You see, my wife and I have been traveling the United States for the past 3 years. We've lived in 12 states from Virginia to New Mexico to California to Florida. We were able to do this because we bought a travel trailer back in 2014 for $5,000 and hit the road with a truck we bought for $17,500.
Since mid 2016 we've been living in apartments (between California, Oregon and now Florida) and we despise it. We absolutely miss the RV traveling lifestyle and now we have an opportunity to get back into it by buying a decent sized RV outright with cash.
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The above is a picture of our dream RV. I'm not one to get us in debt, in fact I buy everything with cash. To add even more onto the story we're having a baby in just a little over a month!
So right now, I'm dealing with internal conflicts. Should I let the $68,000 sit in cryptocurrencies (mixed between quite a few) or should I take out more than 70% in cash and leave about 30% in crypto?
Your thoughts would be highly appreciated :)