RE: Where Does One Take Crypto Profits - That is the $100,000 Question
I feel the only bad thing to do with cryptos is to sell them to buy a lambo.
I suggest figuring out what you really want.
If a homestead is the thing for you, start working out how much it will all cost, and work your portfolio to get you the coins you need to trade for it. And the coins you will need to live there.
It isn't so hard with cryptos, as they are all deflating (going up in value while the dollar is inflating away) So, when you put that bitcoin in the "bank" (wallet) it isn't going to go away; dwindling to nothing.
So, you can figure out how much your life costs. And then get your costs down as much as you can (pay off all debt) Then figure out how much crypto will afford that, and work towards it.
Remember, when you actually have cash (coins) in hand, you can work much better bargains. Buying houses where you want, and not where the job is. Buying houses before foreclosure, or at auction.
OMG, yes. Buying a lambo is not the move. When I sell it is because the money is going into fixed assets producing income for me. If the income generated from those assets is enough for a lambo - then I may consider it ;-)
Good call on using cash to buy foreclosed houses at auction. Cash is king in real estate. Its not for the faint of heart or those who aren't self starters. It takes a lot of work but can yield great returns and (relatively) passive income if you rent it out.