What to do when your crypto-investment performs beyond your wildest expectations

l have been playing the cryptocurrency game since mid-February of 2013. During that time I earned a lot of cryptos, bought and sold a lot of cryptos, got scammed once or twice, put cryptofunds into lots of opportunities that didn't pan out, and even tried Scrypt mining for a while. In short, I lost a lot of money. A Lot. I remember when my NXT coin investment was worth over $3,000 on paper, and then I didn't sell, and didn't sell... and the price dropped, and I finally sold out at the bottom. Lots of lessons learned and lots of paper wealth evaporated.

But I kept going with the full support of my husband. I kept writing to earn more cryptocurrencies (no, I was not investing hard earned family money--remember you only invest what you can afford to lose!), I got better at trading somewhat more profitably, and I had lots of fun and learned a lot by putting pennies, nickels, and dollars (equivalent crypto-amounts) into things that in the fiat world are only reserved for the already wealthy. I loaned to margin traders on Poloniex, I invested in consumer loans (as the lender, not the borrower), and I even paid Bitcoin to invest in real estate (via a well run real estate company), and I also invested in various startups like a real venture capitalist. And I bought into a few new coins very early on.

A number of my new coin ventures turned out to be complete flops (my hard drive is a literal graveyard of QT wallets that won't run anymore because the coin died), a number of these new coins are still in their initial development stages but look promising. And a handful of them are hitting the big time. In the last few months I have seen prices on a number of coins I hold double, triple, even multiply tenfold.

There was that one time when I had more than my husband's and my combined annual income sitting on Poloniex all in Bitcoin! It took me three days to get it all out due to withdrawal limitations. And had I just sat on the Bitcoins the amount in terms of US Dollars would have doubled even from that original amount. I did hold onto one of those Bitcoins, but the rest either got cashed out or went into new crypto-investments that I'm very excited about.

Sometime about mid-April my perspective on my cryptocurrency hobby underwent a major paradigm shift. Before that time, it was my fun little hobby that just happened to earn me a little money here and there (and to be honest provide a small glimmer of financial hope in a life lived below the poverty line with few prospects, job or otherwise), but nothing to get too excited about. After that time, I started looking at it like, wow, this could significantly improve my life... if I can be smart about it.

Even though it really didn't cost me anything other than time to get involved in cryptocurrencies, so it's not like I'd be losing my life savings or anything, it would still really stink to lose all that "paper" wealth that's now sitting in various wallets. I started thinking about cashing some of it out and putting it into something fiat, and something hopefully less volatile. Although I think it is highly unlikely, the cryptocurrency industry is so new that there is still that sense that if the stars line up just right the whole thing could go poof the next day. I'd want to have pulled out at least some of the value and put it into something that hasn't gone poof in a few decades before that were to happen.

Enter the 770 Account. The short explanation is that it's a type of whole life insurance policy where you minimize the death benefit in order to maximize the life benefit, or cash value, but there is a lot more information on the website I linked to. It turns out that the big banks and lots of other corporations put a significant portion (like billions of dollars) into these types of accounts, although it's a rare banker who will ever recommend you put your money into such an instrument. They would rather sell you their mutual funds, but I digress.

When you cash out your cryptocoins in order to put the fiat into a 770 Account, you will be responsible for the taxes on that income the year you take it, so you'll want to decide on how much to cash out accordingly. But once you put the money into your 770 Account, it will grow tax free, and about as close to risk free as you can get. Some of the companies carrying these products have been in business for over a hundred years and their policies were growing even during the Great Depression. Once you have a 770 Account that is growing, you can take out policy loans where you basically set the repayment terms or you can cash it out at retirement or to send a child to college or buy a new house. You can also continue to put funds into it with some limitations for it to grow tax free as well. Next year if you get a new crypto-windfall, you can set up another 770 Account. There is no limit to how many one is allowed to own during one's lifetime.

I know from reading articles here that I'm not the only one whose financial life is on the verge of changing for the better because of cryptocurrencies. In order to safeguard some of that wealth, I am planning to put some of it into 770 Accounts. I'm still going to play the cryptocurrency game. I have to admit it's rather addicting and by now I'm a real veteran and kind of know what I'm doing (ha ha!). But when the amount of paper wealth turns into way more than the "what I could afford to lose" that I originally put into it, well, it's prudent to diversify those funds into low risk investments. And 770 Accounts fit the bill nicely. They also happen to be a fairly well kept secret, which is why I'm sharing it here.

If you're in the same boat I am, or you're about to get there, then it's well worth your time to check out the 770 Accounts website. The financial adviser on the other end of the website has so far been very friendly, helpful, straightforward, and easy to work with.