It’s easy to get caught up in “when moon” and “when lambo” and all the dreams that go along with it, but have you/ we taken the time to think about what that would actually mean?
How would that event actually change your life, both good and bad?
If you’re not already accustomed to dealing with large sums of money, how will you handle it? Do you expect to just cash out and move it all to a checking account? Or do you hodl until cryptos are standardized and could be used anywhere instead of fiat?
What if things don’t go according to plan/ hope?
Tax is quite the concern, but what does that even mean yet? A new year is upon us, and at least in the U.S. I haven’t seen a clear cut statement or addendum to tax law that lays out what the IRS expects.
Would you tell anyone? Are you already regretting telling certain family members that you hodl a decent amount?
What security protocols do you already have or will you need to put in place, both online and in the real world? We’ve all seen the stories of publicly known figures who made money in BTC being kidnapped, robbed, received death threats, so on.
All of this depends on how many ETN you have in those bags and what you want to do with them of course.
I’m not expecting to hear specific 10 point plans, or elaborate security measures, but I am trying to get the conversation started. Even if only in your own head. Ask yourself these questions if you never have before. Do you already practice good situational awareness? Would “mooning” put you and/or your loved ones at risk? I don’t want to see any of my fellow community members here in the news for losing everything or being ransomed so on…
What other questions need to asked?
I’m also not an expert in any of these, but have been giving each of them a lot of thought lately.