During a bull market, cash out in what?

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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 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, 08:07:29 AM

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?

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, 11:29:04 AM

Quote from: quality.crypto on May 18, 2020, 09:24:29 AM

Quote from: Finestream on May 18, 2020, 09:18:59 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, 09:24:29 AM

Quote from: Finestream on May 18, 2020, 09:18:59 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, 09:18:59 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.

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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.

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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.

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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?

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.

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Quote from: South Park on May 17, 2020, 03:49:40 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, 01:47:18 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.

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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.

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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, 08:32:02 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, 01:31:07 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, 01:57:05 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, 10:34:28 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, 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 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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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?

The bull run will never ends here in this market, it will continue if you think you are can be financially secured on what you have think again if you think you want to cash it all, it's better to cash out a percentage of it, and retain majority of your portfolio until the next bull run, take it from the others who are sorry to cash out all early at the early stage.

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Quote from: shadowdio on May 13, 2020, 01:47:18 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.

It will all depends upon the strategy which I am using and if it’s a short term or long-term investment I have done it. If it’s a short term I am holding it and I get some good spike in market I am sell out something and for long term it is never meant to touch as I have a wide horizon towards a long term and should not be selling unless the future looks really bad.

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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 the bull run came, I never held USD to do anything. that will be when traders like us make a profit and leave when the price is too high. Only when the bear market came, did I exit USD. because if you hold on to bitcoin and don't sell it when the price goes up, it's not my style. I prefer trading rather than becoming holders for years. We need to take advantage of the strong waves of crypto to bring maximum profits.

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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?

If the bitcoin pair altcoin increase, then I will sell it to get the bitcoin and hold it for some time. If bitcoin price can increase more than $10k in a short time, I will sell the bitcoin from pair altcoin in stable coins so that I can buy bitcoin if the price is down. And for the bitcoin that I already have, I will hold it for more until the price can hit another high price.

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Quote from: shadowdio on May 13, 2020, 01:47:18 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.

Leaving in Ethereum and Bit Coin will not help you to make profit because once the price of Bitcoin, it drops means the value of your holding might lose value. So we should always try to analyze them before converting into any currency, but my suggestion is always to convert them to fait currency.

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If the bull market is going well then it is better to save from cash at this time The bulls are raising the price of every currency in the market If the bull market continues, the price of the currency will rise further and it is possible to make a lot of profit by holding it. But if the whales spread in the market then the cash is better Whales are more likely to cause damage So if the bull market goes I will try to hold every coin.

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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.

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In the next bull run, when I make a portfolio gokd enough to make me financially secured, I will cash out in Fiat money good enough to establish my offline pp project that brings passive investment, buy real estate and have agent manage them for me. Place workers on my offline investment, while I manage the activities of the business from my room. I personally will face trading and specialize on it. Last bullrun taught me a hard lesson.

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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?

Very smart choices to make here, assume the next bill should be tomorrow or next, I will advice to cash out part in bitcoin because no matter how down bitcoin goes it will surely come up. Now why I suggested to cash out part in bitcoin is because bitcoin is number 1 Crypto and it's the king of all other cryptocurrencies in the market which it's a real time 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?

If that happens to me.

I will use the fundamentals of dividing my portfolio. I will restructure it on how I will become more effective in earning a passive income. Division of asset is good when you are financially free.

I don't want to focus on one asset rather I move my bitcoins in areas which I know I can earn more like real estate, putting up business and moving in stocks or forex. However, I would not let all of my asset goes from that because I will leave also a part from bitcoin and stablecoins. That's how I will do if I become profitable during bull run season.

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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?

Wow, that quite a huge amount you fantasized here buddy. Well, you saying the finamcial life will be securr foreever means the worth will be between thousands of million dollars to almost a billion dollars. I will buy so much bitcoin that if it should ever increase or double in the next couple of years, i'd make it to forbes list

Oceat

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I would say there's no such thing as secured future even if you do have a lot of money. It's still better to invest in the future or a long term investment so basically I would like to reinvest most of my money while taking what is important in case you need it for an emergency. Always make a back up plan for everything because you can't be so sure what awaits us in the future.

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Do people cash out in bitcoin in bullrun? cause I dont understand that option. If altcoin rally followup the bitcoin rally like we had in the last bull market, their might be different position but the sentiment around bitcoin is really killing the altcoin market so bad. For those with access to other fiat asides Euro, pounds and dollar (with reliable value), stable coin will still be a better position after the bull market than fiat.

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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?

Believe me, if i get that amount of cash out from profits and that huge, i am withdrawing over 85% in fiats and investing in gold and other offline stuffs.

The remaining 15% will be shuffled around new crypto investment

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Quote from: Shallow on May 12, 2020, 01:57:05 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.

Probably one of the best posts here, diversify whenever you have a chance! Never sell all, keep some in case your asset continue to rise! If your asset made a nice rise, don't keep all, sooner or later market will get in correction faze! Now we can discuss fiat/crypto diversification, I am always in favor of crypto, it's better to have more crypto than fiat! But in case your asset made incredible rise and you have a bag you can think about some serious investments like in some real-estates! Maybe gold bars, just in case! Diversify, and in more things you have your fingers more safe you are, if one fail you have other, if other fail it's better to have third option and so on..

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Quote from: Yamifoud on May 12, 2020, 05:43:33 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 actually secured my capital and leave the rest.
I have some learning in the past Bullrun, I keep very optimistic that time thinking that the market will continue to be in bullish and I didn't do anything, no cashout, no withdrawals...but that was before and I need to be smart now and I'll take advantage in every rise and profit I have. Now, I usually do some cashouts because I'm afraid if I lost such an opportunity again.

We should be wiser now so we will not make regrets again. If this will happen in the next bull market, i will choose to make some cashouts too and balance my portfolio with cash and bitcoin. I should be very smart now and seize all the chances that will contribute more to my profits and earnings.

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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 actually secured my capital and leave the rest.
I have some learning in the past Bullrun, I keep very optimistic that time thinking that the market will continue to be in bullish and I didn't do anything, no cashout, no withdrawals...but that was before and I need to be smart now and I'll take advantage in every rise and profit I have. Now, I usually do some cashouts because I'm afraid if I lost such an opportunity again.

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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?

Since the amount you mentioned will be very high, it is not possible to transfer this money to a bank account at once. For this reason, if such a situation occurs, there are only 2 possibilities;
- By switching to stable cryptocurrencies, the USD value of the current currency is stored steadily. As needed, piecemeal is converted into fiat money.
- Money is stored as bitcoin, its value becomes variable with possible market movements. As needed, piecemeal is converted into fiat money.

It is very important to carefully return to fiat money in both methods.

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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?

It'd rather depend more on the fact whether you'll continue using the cryptocurrencies or not. If yes, keeping some coins with you won't harm your portfolio if you want it as a moment to be remembered forever. If you need just pure profits out of BTC, you may just sell everything immediately and sit back, relax and enjoy your retirement.

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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.

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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.

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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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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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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?

It would be divided on my case in overall portfolio; I would never ever stick nor store it on a single place.Consider on setting aside for future opportunities.

In case of life-changing profit then i would secure 50% to fiat then invest to traditional businesses. 40% to business and 10% fiat savings.
The next 50% would be allocated;

30% in bitcoin
20% in stable coins - (For re-buy purposes.).

Zemomtum

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Well, for me, it will be cash out in stablecoin to protect my asset, I can use it o buy BTC back or any of the top alternative coins.

qory

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USDT become most worth for your cash out assets, looking with this currency is not have big change price up or down depend with other currency coin like ripple, eth and litecoin. I always chance all my assets when bitcoin and altcoin dump to be USDT and sell after bitcoin back to higher price.

sandra_x

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Most persons structure their portfolio into short, medium and long term. Even in a bull market, their long term portion of the portfolio is left untouched which the short and medium term can be sold off and profits cashed in, that is what I will do under such circumstance

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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?

That depends on the circumstances, if during the next bull run all the fiat currencies around the world begin to crash then I do not want to hold them for any significant amount of time, in that case it will be better to keep most of your money in bitcoin, but if that is not the case and you are comfortable with your profits then it could be a good idea to hold some of it in fiat or stable coins, cryptocurrencies, stocks, bonds, precious metals, real estate and maybe even collectibles that way even if some of those markets begin to underperform you will still retain most of the value of your portfolio.

gantez

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Amidst the option you listed, hodling your financial asset is still better in bitcoin. For now bitcoin is expected to keep making increase unlike the others, it won't be a stable asset but fluctuating and climbing higher. Certainly too everybody likes to keep making money , so putting it on bitcoin will be better in my own idea.

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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?

Topic: During a bull market, cash out in what? (Read 497 times)