During a bull market, cash out in what?

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Quote from: bct_ail on May 11, 2020, 03:51:07 PM

Let's assume that in the next bull market the portfolio is worth so much that you would have been financially secure for the rest of your life. How would you restructure your portfolio to ensure its value? Cash all out in Fiat, Stablecoins, all or part of it in Bitcoin?

I will convert 50% to stablecoin, to buy more bitcoin later. I will convert my 50% bitcoin into local currency, to do business and if I can make profit from business, I will buy bitcoin again with profit. Because another situation will create after the bull market, those who have seen the bull market know how the market is dumped again after the bull market. So I always want to increase my bitcoin. The best way to do this is to sell at the bull market and wait until the next opportunity.

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Quote from: tbterryboy on May 18, 2020, 07:07:29 AM

Quote from: bct_ail on May 11, 2020, 03:51:07 PM

Let's assume that in the next bull market the portfolio is worth so much that you would have been financially secure for the rest of your life. How would you restructure your portfolio to ensure its value? Cash all out in Fiat, Stablecoins, all or part of it in Bitcoin?

Stablecoins are here for the same purpose you have mentioned like when you are reaching your target price levels then you can lock your profits into stablecoins given that you are expecting the end of bull run. At the same time I am still afraid of making use of stablecoins. Because they are centralized corporate coins and anything may happen with them like freezing out funds may happen. As of now, caching out into our local fiats must be more safer than using stablecoins.

I believe that the upcoming bull market may not make my life settled still I will try to cash out some big percentage of my bitcoin holding so that I will buy back when bitcoin prices coming down. Like anyone here, it will be difficult for me to exactly predict the new ATH still approximately doing something may end up doubling my bitcoins.

But I would say cashing out to fiat is a bit more secure, if you cash out to usdt or any other stablecoin there is still a risk, your money still be gone. Not just that it could be hacked or anything which is a viable threat actually, but also tether could come out tomorrow and say they are gone and exit scam and you will be left hanging with worthless tokens. Hence the perfect way to fully cash out is to cash out to fiat itself.

It is not something we would want, I want to stay at bitcoin no matter what happens, I want to stay here when the price is 3k and I want to stay here when its 20k, but if I really want to cash out I will use fiat itself instead of something that represents fiat. Or maybe that's just me, maybe I am being a bit too paranoid about it who knows.

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Quote from: bittraffic on May 18, 2020, 10:29:04 AM

Quote from: quality.crypto on May 18, 2020, 08:24:29 AM

Quote from: Finestream on May 18, 2020, 08:18:59 AM

I'll probably cash it out with fiat and then reinvesting when the market dump again.

I've learned my lesson in the past, we can't be too greedy if we want to earn and enjoy the bull run. Because I was greedy last bull run, I wasn't able to maximize my income which I regret and have move on already and i know I'll do better when the next bull run will come.

The same thing happened to me, which I was very greedy during the last bull. During the next, I will convert my asset into fiat currency because there is a huge chance of losing if we hold them in Bit Coin or Ethereum. This time we should, it wisely otherwise we will be losing value again if we repeat the same mistake again.

Those who learned what happened since last 2017 will probably turn their assets to stablecoin and wait till there will be bear market. ITs the bear market that will make them richer as they figured it out already

Stablecoins are a hell of a lot riskier than cryptocurrencies

To be clear, I mean top cryptocurrencies (read, Bitcoin, the one and only). If you choose a centralized stablecoin, e.g. Tether, you bear a systemic risk of a catastrophic failure of a single entity (company) behind it. With decentralized stablecoins things get even more complicated and tricky. All in all, you either have to cash out and withdraw to your bank account or use a cryptocurrency hedge. The latter is the best option overall if you ask me, though properly implementing this approach requires time, effort, and, most of all, understanding of how things work there

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Quote from: quality.crypto on May 18, 2020, 08:24:29 AM

Quote from: Finestream on May 18, 2020, 08:18:59 AM

I'll probably cash it out with fiat and then reinvesting when the market dump again.

I've learned my lesson in the past, we can't be too greedy if we want to earn and enjoy the bull run. Because I was greedy last bull run, I wasn't able to maximize my income which I regret and have move on already and i know I'll do better when the next bull run will come.

The same thing happened to me, which I was very greedy during the last bull. During the next, I will convert my asset into fiat currency because there is a huge chance of losing if we hold them in Bit Coin or Ethereum. This time we should, it wisely otherwise we will be losing value again if we repeat the same mistake again.

Those who learned what happened since last 2017 will probably turn their assets to stablecoin and wait till there will be bear market. ITs the bear market that will make them richer as they figured it out already.

The one thing that they might have to consider this time is that the adoption is going to make BTC more stable in the future so if the price doesn't go down as they may expect, they'd be losing the opportunity.

AS for me, I might just hold the coins I have and cash out the only passive income I get from the project I have invested.

quality.crypto

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Quote from: Finestream on May 18, 2020, 08:18:59 AM

I'll probably cash it out with fiat and then reinvesting when the market dump again.

I've learned my lesson in the past, we can't be too greedy if we want to earn and enjoy the bull run. Because I was greedy last bull run, I wasn't able to maximize my income which I regret and have move on already and i know I'll do better when the next bull run will come.

The same thing happened to me, which I was very greedy during the last bull. During the next, I will convert my asset into fiat currency because there is a huge chance of losing if we hold them in Bit Coin or Ethereum. This time we should, it wisely otherwise we will be losing value again if we repeat the same mistake again.

Finestream

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I'll probably cash it out with fiat and then reinvesting when the market dump again.

I've learned my lesson in the past, we can't be too greedy if we want to earn and enjoy the bull run. Because I was greedy last bull run, I wasn't able to maximize my income which I regret and have move on already and i know I'll do better when the next bull run will come.

Ridwan Fauzi

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As far as I know, there is no difference between money fiat and stable coin, both of them are exactly same. And just wondering, Am I wrong to understand your question? I mean your question is something that shouldn't be questioned. Because during the bull run, between some option that you offered there will just one answer and for myself will choose bitcoin and even most user in this forum will choose bitcoin as well.

I'll be there is no one who will choose a stable coin and money fiat as their holding place, the reason is simple you won't get any profit when you hold a stable coin (all stable coin) or money fiat and it will be useless. Unless your intention is to keep your money and you didn't have any intention to make a profit from then you deserve to choose stable coin.

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Bull run will be a very good time for us to operate at full capacity. Then we should not hold cash anymore. We should speculate on bitcoin or the top alts. This is the time when the economy started growing again when the corona virus has been gradually well controlled in major countries. We should speculate early so that when the economy truly recovers, we will have big profits.

tbterryboy

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Quote from: bct_ail on May 11, 2020, 03:51:07 PM

Let's assume that in the next bull market the portfolio is worth so much that you would have been financially secure for the rest of your life. How would you restructure your portfolio to ensure its value? Cash all out in Fiat, Stablecoins, all or part of it in Bitcoin?

Stablecoins are here for the same purpose you have mentioned like when you are reaching your target price levels then you can lock your profits into stablecoins given that you are expecting the end of bull run. At the same time I am still afraid of making use of stablecoins. Because they are centralized corporate coins and anything may happen with them like freezing out funds may happen. As of now, caching out into our local fiats must be more safer than using stablecoins.

I believe that the upcoming bull market may not make my life settled still I will try to cash out some big percentage of my bitcoin holding so that I will buy back when bitcoin prices coming down. Like anyone here, it will be difficult for me to exactly predict the new ATH still approximately doing something may end up doubling my bitcoins.

deisik

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Quote from: South Park on May 17, 2020, 02:49:40 PM

That is because they are investing a very small amount of money in the market and they need such a huge growth in order to change their lives, someone that is investing several years of savings probably only needs a coin to grow five times its current value in order to change his life significantly and then apply the strategy that you are suggesting

That depends on what those savings amount to

For example, if you managed to accumulate a few hundred thousand dollars during that time (in fact, even a few dozen thousand dollars would suffice), you can easily live off volatility by riding weekly price action, as this seems to be the timeframe of Bitcoin's major price swings recently (like on the order of 5-10%). Moreover, you would even be able to reinvest some of your profits thus earned (which would further add up to your operating capital) and then enjoy the potentially unlimited power of compounding

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Quote from: shadowdio on May 13, 2020, 12:47:18 AM

If the bull run is come I will not cash out it all just half of it in fiat and the other half for just trading bitcoin or ethereum and investing a new coin.

For the goals which has met your expectation one should cash out as those may be your short-term plans. So you can make some profits as well during the best times. And for the long duration coins you can continue holding it and only sell when it is really important.

Bitlover10

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Mostly people can't take profit from bull run of bitcoin because they all are in altcoin and when bitcoin price is start increasing then they lost their valued in terms of btc. You don't when price is start increasing so that's why they couldn't take profit from it. The good thing you do it that you always makes free some of your Bitcoins and wait for when alt is down then you can buy it. The best thing you can do is that when btc price high then you can invest in alt that's way you can increase your btc.

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The best is to catch out in both stable coins and fiat, this might be divided equally. If you leave them on BTC, it is a high risk as the price might crash within a twinkle of an eye.

Jumperman4

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My personal opinion is if you have time... and your up 50%, take some of the table... the key word is some. If you own 10 btc and you bought in at 5k, and it's at 7.5k I would take 1 bitcoin off the table, if it rises to 10k I'd take 1 more of the table. I'd wait for it to drop to 8k to begin buying again. While 8 coins are split up but held

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Quote from: its-a-me-mario on May 11, 2020, 07:32:02 PM

Real answer: I'd pull a hefty portion out and put it into an index fund or a high-yield savings account. Bull markets come and go, if you've won the lottery you should cash out enough that you can invest in traditional markets and get a fairly guaranteed 5-10% annual return over the course of 20 years. Keep the rest in crypto and you may make even more, but you'll be financially stable for the rest of your life regardless.

That is a decent option but it is only available when you have obtained very significant profits out of this market, and for most people that is not really an option, do you ever wonder why people want to discover the next coin that is going to grow 100 times its current value? That is because they are investing a very small amount of money in the market and they need such a huge growth in order to change their lives, someone that is investing several years of savings probably only needs a coin to grow five times its current value in order to change his life significantly and then apply the strategy that you are suggesting.

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Quote from: hahay on May 17, 2020, 12:31:07 PM

Fiat to bitcoin and vice versa is the main one to restructure it, no matter how many portfolios they have at least everything will be converted to bitcoin whether it will be sold or just to hold and to buy other different coins in the future. Well, any choice will not be a problem as long as you are aware of well-planned management so in the end we have the opportunity to get the expected benefits.

I think there are less people are trying to convert their bitcoin into their local currency because that will need a lot of work plus a ton of fees, what most people are doing now is they are just converting it to stablecoin mainly tether so they can just go in and out of the market if needed. I don't think there will be a person to a local currency to bitcoin, vice versa, process of conversion just to say that he is trying to be safe in a volatile market, that's a very foolish thing to do.

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Quote from: Shallow on May 12, 2020, 12:57:05 PM

In cases like this, I won't cash out all in fiat neither will I hold all in Bitcoin; the option for me is, splitting it 30/70, 30% to fiat and 70% to cryptocurrencies. Out of the portion of cryptocurrencies, a huge allocation will go to Bitcoin, followed by USDT while the rest would be for other potential altcoins of which the first will be ETH. Although the crypto space is unpredictable but yet I find it more better holding good coins than holding all in fiat, even with the fiat, I can still buy more Bitcoin at the right time.

I'll probably do 80/20 principles assuming that it's rally a bull run that may already reached half of my investment. I'd rather risk it again in other altcoins or buy back BTC when it dumps after, than stored it in a bank. Or if that time happens that there are opportunities to acquire business or plans that will suitable at the time that it will have a bull run with unexpected price like it did before will definitely cashout some.

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Fiat to bitcoin and vice versa is the main one to restructure it, no matter how many portfolios they have at least everything will be converted to bitcoin whether it will be sold or just to hold and to buy other different coins in the future. Well, any choice will not be a problem as long as you are aware of well-planned management so in the end we have the opportunity to get the expected benefits.

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Quote from: cheezcarls on May 17, 2020, 09:34:28 AM

However, the market is still unpredictable these days. Anything can happen in a matter of seconds, whether if it’s a pump or dump. The cryptocurrency market is highly volatile, so we have to put only an amount that we could afford losing

This market has always been unpredictable

And the utter irony is not so much that it is unpredictable per se (which it still is) as it is unpredictable to you or me personally, or us collectively. When we set our targets, we typically think that it is highly unlikely that the market will crash lower or surge higher. Really, how many people in early 2017 could foresee in their mind's eye that Bitcoin would reach almost 20k by the end of that year? Not many. Conversely, who could say in late February this yeas that Bitcoin would flash crash below 4k a couple weeks later? As few, if not fewer

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Quote from: bct_ail on May 11, 2020, 03:51:07 PM

Let's assume that in the next bull market the portfolio is worth so much that you would have been financially secure for the rest of your life. How would you restructure your portfolio to ensure its value? Cash all out in Fiat, Stablecoins, all or part of it in Bitcoin?

When a bull market occur, I would be careful in looking at the parabolic chart and always look for a possible resistance level. When it’s about to reach the resistance and it rejects to break through, I would not hesitate to sell it.

Last time, I bought BTC when it was still around $8k+ and sold it when reach $9.9k before it falls back to $8k+. I cashed out the profits and set target buy order again around $8k+ and now it’s around $9.4k. Some said that when the week closes in around $9.2k, it would potentially hint a bull run past $10k.

However, the market is still unpredictable these days. Anything can happen in a matter of seconds, whether if it’s a pump or dump. The cryptocurrency market is highly volatile, so we have to put only an amount that we could afford losing.

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