Need advice: Up 100k on crypto.. Now what?

4th year undergrad here starting FT at a Canadian bank next year. In freshman year I went balls deep into a relatively obscure (at the time) shitcoin/crypto named Zilliqa (ZIL) because I liked the fact that it was built to scale in a way that increases its speed exponentially as more people use it, unlike the bigger players, and that it's more or less designated as "Asia's coin". I bought most of it at all time lows of half a cent and in the last bull cycle it went to $0.25 or approx. CAD$220K in total value. Currently it's down to $0.11 and has been stable there for a couple of months. I've only taken profit from interest earned through its staking mechanism which has already more than doubled my initial investment as APR was paid in ZIL which benefited from the price action. I've been told I have diamond balls and also been called an idiot at the same time.

While my long-term target exit for this was $1 in freshman year and development of the project is going strong IMO, I recognize that 100 grand is a very decent head start and supplement to IB comp. I also have a bank account in a jurisdiction with no capital gains on crypto and exiting is relatively straightforward there.

This may sound silly but given that there's so much noise around global events, economies, inflation, doom and gloom etc., I'd greatly appreciate any advice or things I could do that a college kid might not have thought about should my risk-tolerance suddenly drop and the initial exit strategy is abandoned. Cheers.

Most Helpful

You wrote all that shit for $100k? Come back when you're up $1M pussy


Obviously sell and take your winnings.  Don't be a part of the "to the moon" cult, unless you really think it's going to blow up again.  There's always the next shitcoin to hit big on, if you stay ahead of the market you'll find it.


Take your profit. People thought Litecoin and Bitcoin Cash were gonna be biggest coins 4-5 years ago. The world changes. Id only suggest being eternally long on Bitcoin and Ethereum rn. Take at least 95k off the table and let the rest ride but for the sake of you starting your career in the best place possible, 95k would be nice to have to invest into the market, retirement or a down payment on real estate. 


Yeah I like this approach. 

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

$100K could be $1M later or zero. How confident are you?

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

So you have around 900k coins initially invested at half a cent each (~$4.5k cost basis) and have already doubled your cost basis. Think it makes sense to sell enough to reward yourself for the risk you took and size that as 10x. So sell ~$36k worth of coin and you'll be able to say you made 10x your investment. It's hard for you to beat yourself up over taking 10x. Let the rest ride and see if it'll roll into something much more substantial. $65k of remaining investment can be almost $600k at your target price and you can keep staking it and taking profits on those. Feel like with this approach, if the coin drops to 0, you have the comfort of knowing you got 10x your money on an ultimately worthless coin and if it ends up meeting your targets, you still get a substantial windfall


Congrats on the gains. I’m in same boat, also a college student who went from nothing to six figures of crypto in past year. Went from $5k November 2020 to $35k in December 2020 with some pretty degenerate margin trading, pulled some out for taxes on that on December 31st, put the rest in ETH. Now holding ~$140k of ETH (unrealized gains so no taxes) and turned $5k into $25k trading NFTs (have to pay short term capital gains taxes). Taxes are your biggest worry. I kind of think zilliqa is a shit long term hold, but can you hold it 366 days to get the long term capital gains tax rate? If so, I would do that and try to cash out in a few weeks. I personally think we’re going to have a blowoff top scenario and alts including ziliqa are going to insane in December / January so I would probably hold until then. I would pay your taxes but also wouldn’t necessarily have it in cash. Personally, I would stack your cash and have it set aside for the bear market and just put it all into ETH. Think about where you want to be in 2030. 32 ETH will be worth $1M+ by then. 


Wait you have access to bank account with no capital gains? I would just sell once alts rip, put it into ETH, pull out when we top out. Low six figs ain’t much nowadays honestly, I would stay in crypto for the long haul but maybe derisk to ETH from ziliqa 


I'm pretty big on crypto, way more than $100K, and got wiped out pretty bad back in 2017 because I was invested in small projects. If I would have put my earnings into Bitcoin or Ethereum, I would be x3. Instead, I lost almost 90%. If I were you, I would put $90K into Bitcoin or Ethereum, and maybe some Solana. Then keep day trading shitcoins with the $10K. Don't worry about the short versus long capital gains tax. You could flip that $10K into a whole lot more if you play your cards right trading. 


^^^ this 100%. Would I put $100k in ETH rn? Hell yeah I would. Maybe even in MATIC or SOLANA or AVAX. But ZIL? Idk man seems like it’s not the best idea 


Sell. Lets be honest you got extremely lucky once (lucky scratch ticket) and are now trying to rationalize staying in.  Do the sensible move and collect the one in the hand as opposed to going for the two in the bush. 


Possimus esse at asperiores earum. Sint voluptas hic ducimus aspernatur totam atque minus rerum. Omnis aut aut doloribus sunt atque non aut. Cum qui voluptates sed mollitia vitae.

Et ea voluptatibus optio quis facere. Inventore laboriosam quisquam est autem. Asperiores ad non mollitia autem assumenda voluptatum doloremque.

Inventore nam voluptatem excepturi dignissimos. Qui nulla et perspiciatis ipsam deleniti magnam et. Rerum quia ad facilis. Iste tempora autem enim eos esse asperiores commodi. Eaque aliquam fugit soluta mollitia.

Nulla nihil voluptas consequatur impedit. Sint vero ut sed nulla error. Quis temporibus odit velit sint eum. Sapiente dignissimos voluptate quidem id minus. Maiores eum quam eaque aut. Eligendi eos quae ut est vel. Rerum et pariatur ratione quis alias unde dolorem.


Quibusdam earum magni fugit alias neque tempore. Aut perspiciatis consequatur ut ut et est. Quod quasi delectus aut qui vero tenetur eum. Dignissimos eos debitis dolorem quasi aut.

Distinctio facilis enim quos. Vel cupiditate ullam in ut voluptatibus occaecati iusto sint. Adipisci doloremque voluptatem voluptatem voluptatum ab totam. Optio sit numquam ipsam esse illo et harum.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Lazard Freres No 98.8%
  • Goldman Sachs 18 98.3%
  • Harris Williams & Co. New 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”


From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”