During a bull market, cash out in what? - page 3.

cabron

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Quote from: TheGreatPython on May 12, 2020, 02:57:11 PM

Quote from: bct_ail on May 11, 2020, 04:51:07 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 agree that with upcoming bull run, many people here will think about retiring early but I am sure no one will take the blender decision of cashing out all their cryptos. If you really believe into bitcoins then you must wait for the day when you will be able to lead a life only wait bitcoins. If you try to cash out all your bitcoins then you may get trapped with life's essential expenses as you cannot how cruelly inflation may grow everywhere.

I'm also thinking about inflation and what might bitcoin will be. But I will still be putting my money to stablecoin and wait for the bear market to be over again. I've also made a lot of mistakes since 2017 I do not wish to commit that same mistake over again. I think a lot of us did regret what they didn't do and what they did as well.

TheGreatPython

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Quote from: bct_ail on May 11, 2020, 04:51:07 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 agree that with upcoming bull run, many people here will think about retiring early but I am sure no one will take the blender decision of cashing out all their cryptos. If you really believe into bitcoins then you must wait for the day when you will be able to lead a life only wait bitcoins. If you try to cash out all your bitcoins then you may get trapped with life's essential expenses as you cannot how cruelly inflation may grow everywhere.

Honestly if I get chances to get big money in upcoming bull run or with the next one which might happen after the next halving (the fourth one), then I will start a local business and will slowly cashout bitcoins for based on my next-next targets. I am one the true believer of crypto currencies with long term target for bitcoin at one billion dollars.

Shallow

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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.

DoublerHunter

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Quote from: crwth on May 12, 2020, 12:03:53 PM

~snip~
You can consider investing continuously even if there's a bullish market. Compounding interest is good, imo.

^ Definitely right, in this time of pandemic and economic recession I think there will be no best option since the market is not stable either in cryptocurrency or with fiat money they will give no guarantee for your assets as anytime either of them may crash and will leave you nothing if you will just choose one. It will be best if you will part your assets in all your options to secure some of it if one will really crash. But in my opinion, if I need to choose one or I need to save a higher percentage of my saving to one of these options then it will be better to be with Bitcoin for Bitcoin's has proven us it's the capability to cope up easily on times of crisis.

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Quote from: bct_ail on May 11, 2020, 04:51:07 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 bitcoin price can increase so high, I think it is better to cash out for more than 75% of our portfolio and leave some bitcoin in our wallet for the next pump. We can sell it in the stable coin, so when the bitcoin price down, that will be the opportunity for us to buy more bitcoin, and I am sure that we can have more bitcoin than before. But if the price cannot go down, I think we can wait for a while because the bitcoin price will always fluctuate. It is not a problem if you want to cash out all in fiat and send it to your bank account if you run out of money to buy your daily needs.

crwth

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Why not take advantage of the Bull market to convert into Fiat then buy more when there's a bearish market? What I want to say is that you could take the time to learn about hedging and maybe you could profit more than you should. Try it, message me if you want to automate that with Gunbot. That's just my take and what I do too.

You can consider investing continuously even if there's a bullish market. Compounding interest is good, imo.

sujonali1819

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I have made a lot of mistakes in the last 2017 bull run. why I have lost almost of my portfolio. But if I will see again the bull run in the near future then I will convert mostly in a stable coin like usdt, or other stable coins. And the very little amount will hold in BTC only for trading. After that, I will start to cash out from a stable coin slowly also start to do real-life investment.

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Quote from: bct_ail on May 11, 2020, 04:51:07 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?

You could use shorts if you want to secure your financial well-being in a proactive way

There are two types of shorts (actually, there are many but I'm talking about the relevant distinction here), the naked shorts and the covered variety. You may be in interested in the latter as they can be used as a hedge. The advatage of using these shorts lies in the fact you only need to provide a collateral like 15-20% of the shorted amount (this will be your risk exposure) whereby you secure your wealth in dollar terms without using either fiat or stablecoins. Besides, with shorts you can easily and quite profitably ride volatility waves, i.e. earn something in the process

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Well, the best is to divide portfolio.
If the price is so high that by cashing out you really can secure your future, I'd probably would cash out majority of Bitcoins. But not the whole amount, the part I would leave in Bitcoin, that is for sure, and the part of cashed out fiat I would invest further, but not in cryptocurrencies. Don't put your eggs in just one basket, that is something that I always try to stick to.

bittraffic

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Put the money first to stablecoin to wait for the dip, the cycle I think will keep on. I will then wait for the price to hit the bottom before analyzing which project is for the long term. I'd like to consider the ones that will provide income every month. I really believe the adoption of crypto will be here so its best to prepare but will also buy back BTC at bottom price.

bearexin

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Quote from: bct_ail on May 11, 2020, 04:51:07 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?

You should always have a target when you're investing and trading cryptocurrency. If your portfolio has grown to a huge amount it's up to you on what you have to do with it, you don't need anybody to tell what to do. If you want to play it safe, then I would recommend that you withdraw it to fiat, that way you will be more safe and have nothing to lose. Or you can as well move it to stable coins and and you will also be safe and not lose any money.

If you want to keep on riding the waves, then you can go ahead with Bitcoin and be at risk of still losing those money later when the price crashes. The choice is always yours to make and not anyone.

Cratoon

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Quote from: bct_ail on May 11, 2020, 04:51:07 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?

Basically, that would be a wonderful dream Wink

But in my opinion there is no "best" solution here. It simply depends too much on the respective circumstances of life:

- If you are single with no obligations you probably cashed out only a part to buy things you would not be able to afford otherwise
- If you are a family man with children and have just built a house, you probably cashed most of it out to pay your debts and put aside reserves for your children
- If you were a crypto-millionaire before the Bullrun you probably won't do anything

In general, however, I believe that larger profits should be shifted into more stable investments. For me, this includes not only gold but also, and above all, real estate for personal use. The next bear market is definitely coming, so I would not leave everything in the cryptos under any circumstances.

maxreish

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Quote from: bct_ail on May 11, 2020, 04:51:07 PM

How would you restructure your portfolio to ensure its value? Cash all out in Fiat, Stablecoins, all or part of it in Bitcoin?

We have different options. I will cash it out into fiat but not all of it. I will still cash out like 70% in fiat and leave 30% in bitcoin and make it again as a store value. I can't just dont want to turned my back into crypto investments and cashing out all is not a best option (well, for me). Since high percentage of it will still be a good way for me to make it for living. If that makes my life a stable one at the same time restore the value of my portfolio.

Ifemini

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There are consequences for every action

The best method to cash out in a bull run is by first withdrawing balances to stable coins, wait for the dip patiently; then buy the dips with your profit, withdraw your capital.
This is a strategy that will always excite and interest you, and while buying back, ensure its bitcoin you buy back. you will always make your profits with bitcoin.

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Quote from: bct_ail on May 11, 2020, 04:51:07 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?

absolutely Cash out in Fiat for assurance because we know how volatile this market is and i want to secure my funds as if they're in my hands.

Then i will take the Half to invest in my real business dream and that is a automotive shop because i have some skills on that and also my brother is a great mechanic.

Then the remaining 50% will wait for the Downfall of the market and i will create another set of Portfolio in which will be followed the "Buy low Sell High" policy like what i did this Bullrun.

Safer and mindful investing is what we all need to survive in this market.

Wexnident

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I don't take loans, ask for sig if I ever do.

Split my portfolio depending on the circumstance I can see after the bull market. Ofc, cashing out a few my earnings to cash is a sure thing but I'd rather invest the rest back. Ofc, if the market is seeing a retrace cause of the bull market, I'd rather opt to switch to stable coins temporarily. It's just a matter of how much the ratio is you'd want tbh, from stable coins to BTC to Fiat cash. My options would be around 10% fiat and then a 50-40 split with BTC and Stable coins. Me being financially secure doesn't necessarily guarantee that my descendants would be, so might as well try to invest it as much as I can. Or take it into a business, but i'd still invest quite a bit of sum imo.

its-a-me-mario

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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.

GreatArkansas

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Quote from: bct_ail on May 11, 2020, 04:51:07 PM

How would you restructure your portfolio to ensure its value?

Honestly, if this will come, I will start to rebalance my portfolio or even much higher in cash position. Yep, I will convert some of my Bitcoins to Cash or stable coins, because for sure every bull market has the next scenario, a very huge dump (if we will be based on previous bull markets).
Having cash and Bitcoins at the same time is never a bad decision.

htsy585

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Quote from: bct_ail on May 11, 2020, 04:51:07 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?

Well, if i became so much rich as you fantasized, I'm sure of one thing though. I'll buy as much bitcoin that will add the status of a Whale to my name, i'll buy enough to the exent my portfolio would be able to make a say in the market because i believe the price of bitcoin will grower higher than this and when it does, it will be similar to how people initially bought bitcoin for less than a dollar. After that, i'll convert what is left to FIAT and start living my dream life

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