Aug 25, 18 / Lib 13, 02 13:53 UTC
Blue collar Joe loses 1.5 mil in 2 months ¶
A friend had 2.3 million in crypto 2 months ago. He makes about 60k at his job. He wanted to get to 3 mill and cash out 2. also wanted to establish an address in a state with no state taxes. Florida, Texas, Nevada before he sold it. Not sure what the tax implications are when you sell the crypto or when you cash it out so maybe he wanted to sell it, then move before he cashed it to his bank account. Regardless he is sick now, won't leave the house, takes klonopin and ambien. Many tell him to cash out the 700-800k he has left but he still has confidence it will come back and wants to retire with it or just keep workin. I don't know what to tell him. What would you do ?