My plans for the next bear market | Bitcointalksearch.org

Webetcoins

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Quote from: Salamande on November 13, 2021, 08:46:28 PM

Main question about my plan is it safe or not keeping usdt for months?

Let me answer your main question first: Yeah, tether is a centralized cryptocurency which means it may get seized by government at any time for whatever reasons and most probable reason must be money laundering prevention. Hence, I will not advice anyone to go holding tether even for weeks.

Quote from: Salamande on November 13, 2021, 08:46:28 PM

I think I will sell everything I have (btc and alts) in the end of december, to USDT.

December is going to end in 3 days and for some countries, in just 2 days but we have not seen FOMO which must be the last phase of all bullish market hence if you book profits now in USDT then you might miss upcoming bull market. I guess you must wait 4 to 6 more months for FOMO and then you may decide.

isaac_clarke22

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Quote from: gurunanakji777 on December 28, 2021, 12:26:45 PM

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Just put it in USDT and wait for newer opportunity to buy. It is just that simple actually and some people are just overcomplicating such simple things. However just don't take USDT as something that you should hold for a long time, due to it being frozen.
If you're still holding altcoins though, maybe consider selling now. There are always next time to buy, maybe not for the shitcoins out there.

batang_bitcoin

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Quote from: Hovarda on December 29, 2021, 12:49:08 AM

My primary plan is to be able to predict where the bear market begins and ends.

We all want to predict when the bear and bull market begins, although it's really possible to be predicted but we don't know how exactly our predictions going to happen.

Quote from: Hovarda on December 29, 2021, 12:49:08 AM

Because that is the most important issue. It's really disappointing to see that a coin that you thought you bought at the lowest price went down to much lower prices. I don't want to experience this

I feel you. When we've got too much faith to a project and then eventually it's not going up and it's only going down, that's really disappointing but can we do something about it? Yeah, if you still believe on that token, you should accumulate more and take the advantage of it.

abralzain17

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Quote from: cvasy on December 28, 2021, 09:23:28 AM

Quote from: abralzain17 on December 28, 2021, 09:08:15 AM

I think your plan to store the assets you have in stablecoins is a very good choice, besides being able to maintain the value of the assets you have for the next stage you can also hold some of your money.
most likely if you save in USDT it will keep your assets intact for years to come.

Stablecoins are another option from fiat currency which can be used immediately when someone wants to trade or shop in any market, and it is only suitable for storage, not for profit when the market starts to improve, so this also needs to be implemented even if only just for a moment.

I think what you say is very true if it is not suitable for profit on stablecoins like USDT.
many people use the option of holding USD only for the purpose of storing the value of the assets they have when market conditions are not favorable, by storing them in stablecoins their money is intact and they can reuse it when they want.

Hovarda

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My primary plan is to be able to predict where the bear market begins and ends. Because that is the most important issue. It's really disappointing to see that a coin that you thought you bought at the lowest price went down to much lower prices. I don't want to experience this

Orange89

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USDT is definetly a safest and trusted currency despite so much rumours and market crash, USDT maintain its volume and stable price i think yes it may a good strategy but if you ask me ,I am holding most of my portfolio assest for long term and keeping my key safe it even doesn't impact me what's the price that's the mindset i follow

Maidak

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Quote from: Salamande on November 13, 2021, 08:46:28 PM

I think I will sell everything I have (btc and alts) in the end of december, to USDT.
1) transfer it (usdt) on Tron on my ledger
2) Wait months
3) Wait again
4) buy back when bloodbath looks over
5) triple my holdings
Main question about my plan is it safe or not keeping usdt for months?

Your plan is partially ok, If you have enough money then invest in Bitcoin, at least 80% of it to invest in Bitcoin. If you already have Bitcoin then why you wanna sell it!! wise people never sell they always buy, Can't you see though the market pumps and dumps but the price of Bitcoin always goes up?? then why do you want to sell and want to convert your precious asset to shit?

If you think the market will wait for you for months and go to the moon after you buy?? it's hilarious, no one knows when the perfect time will come, so buy a spot and wait for the target.

gurunanakji777

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The plan is not bad to keep money in the USDT but you never know when you will miss the train if the market behaves as per your thinking you can make money but only when you will buy the top high potential coins who are cheaper that can actually multiply your profit more than costlier coins but I usually don't sell my coins I believe in holding I don't take risk of converting and buy back.

oemar bakrie

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actually safe or not it depends on the current crypto market..
if I myself it's better to buy new tokens that will be listed on the market exchange..because later I can get more profits.
.otherwise I will still be in bitcoin assets because everything will return to normal even though now it is already at a safe point...

cvasy

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Quote from: abralzain17 on December 28, 2021, 09:08:15 AM

I think your plan to store the assets you have in stablecoins is a very good choice, besides being able to maintain the value of the assets you have for the next stage you can also hold some of your money.
most likely if you save in USDT it will keep your assets intact for years to come.

Stablecoins are another option from fiat currency which can be used immediately when someone wants to trade or shop in any market, and it is only suitable for storage, not for profit when the market starts to improve, so this also needs to be implemented even if only just for a moment.

abralzain17

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Quote from: Salamande on November 13, 2021, 08:46:28 PM

I think I will sell everything I have (btc and alts) in the end of december, to USDT.

1) transfer it (usdt) on Tron on my ledger
2) Wait months
3) Wait again
4) buy back when bloodbath looks over
5) triple my holdings

Main question about my plan is it safe or not keeping usdt for months?

TIA

btw Im an old member that lost his account (was stolen)

I think your plan to store the assets you have in stablecoins is a very good choice, besides being able to maintain the value of the assets you have for the next stage you can also hold some of your money.
most likely if you save in USDT it will keep your assets intact for years to come.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: Valak on December 10, 2021, 10:31:13 PM

Tether has been stable since its price was disclosed in Coinmarketcap in February 2015. The use of Tether has become popular with traders seeking a safe haven during bear markets. Tether makes it easy for traders to go back and forth to convert to fiat.

The main job of tether for the average trader is a intermediary coin to hold and tide over another coin's movements while multiplying their own gain.

Say you want to buy ETH against BTC but it is a bull market and both prices are higher than normal: Sell bitcoin for USDT at high price and then hold that USDT because ETH price was high at that time - then wait till ETH prices to go bearish when you use the same amount of USDT to buy ETH, effectively multiplying the amount of ETH you get in return.

However, this means that one has to own BTC and USDT before the bear market starts, one cannot just enter the bear market and hope for similar gains.

Quote from: ZeeeN on December 14, 2021, 05:54:03 PM

btc drop form 65k to 45k in 1 month do you think this is bear trap or it lower before take new high?

You have to learn how to observe the changes in a chart to get a quick answer and not speculate over bear trap. The sell off was a sudden and not gradual hence my guess is that some big investor bailed hard. The rest was the market panic but not the initial process. After that the market is recovering so in my opinion it was not a bear trap. Again today the BTC price is at 49k, so there is some panic selling in the market happening.

llecrf

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If you store USDT on a Binance exchange or hardware wallet, I think it will be safe.
it's been 4 years i keep coins in usdt and other tokens in Myetherwallet, I have no problems, as long as you don't share your phrases and passwords with someone else, I think your account is safe

Lanatsa

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Quote from: ZeeeN on December 14, 2021, 05:54:03 PM

Quote from: Digital_Lord on December 11, 2021, 02:16:41 AM

Bear markets mean nothing honestly. Markets including crypto are designed to go up because fiat is forever losing value.
BTC is a long term savings bet, not a short term trading vehicle-in my opinion!. The market will come down to test the Previous low before resuming the uptrend after the retracement, and a higher low can only be confirmed once a higher high is seen, ie above 52k

btc drop form 65k to 45k in 1 month do you think this is bear trap or it lower before take new high?

Corrections I should say which is pretty normal for a market because we cant just be having 1 movement which is bullish.We would be having that consolidation out of a bull run and then make out some u turn because sell off do really happens.

This is why you should be wise on selling while you are in gains and buy when you do see cheaper coins or in price.

Only the wise and the skillful would able to sustain this very fierce market.

ZeeeN

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Quote from: Digital_Lord on December 11, 2021, 02:16:41 AM

Bear markets mean nothing honestly. Markets including crypto are designed to go up because fiat is forever losing value.
BTC is a long term savings bet, not a short term trading vehicle-in my opinion!. The market will come down to test the Previous low before resuming the uptrend after the retracement, and a higher low can only be confirmed once a higher high is seen, ie above 52k

btc drop form 65k to 45k in 1 month do you think this is bear trap or it lower before take new high?

Digital_Lord

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Bear markets mean nothing honestly. Markets including crypto are designed to go up because fiat is forever losing value.
BTC is a long term savings bet, not a short term trading vehicle-in my opinion!. The market will come down to test the Previous low before resuming the uptrend after the retracement, and a higher low can only be confirmed once a higher high is seen, ie above 52k

fadil46

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Quote from: Valak on December 10, 2021, 10:31:13 PM

Tether has been stable since its price was disclosed in Coinmarketcap in February 2015. The use of Tether has become popular with traders seeking a safe haven during bear markets. Tether makes it easy for traders to go back and forth to convert to fiat.

Yes, but now there are many choices of coins that can secure temporary assets for back-and-forth conversion in the market, such as BUSD and others whose security is almost the same as using USDT or tether.

Valak

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Quote from: Salamande on November 13, 2021, 08:46:28 PM

I think I will sell everything I have (btc and alts) in the end of december, to USDT.

1) transfer it (usdt) on Tron on my ledger
2) Wait months
3) Wait again
4) buy back when bloodbath looks over
5) triple my holdings

Main question about my plan is it safe or not keeping usdt for months?

TIA

btw Im an old member that lost his account (was stolen)

Tether has been stable since its price was disclosed in Coinmarketcap in February 2015. The use of Tether has become popular with traders seeking a safe haven during bear markets. Tether makes it easy for traders to go back and forth to convert to fiat.

Woodie

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Quote from: Salamande on November 13, 2021, 08:46:28 PM

I think I will sell everything I have (btc and alts) in the end of december, to USDT.

1) transfer it (usdt) on Tron on my ledger
2) Wait months
3) Wait again
4) buy back when bloodbath looks over
5) triple my holdings

Playing it safe i guess

Quote from: Salamande on November 13, 2021, 08:46:28 PM

Main question about my plan is it safe or not keeping usdt for months?

I like your plan but if your portfolio includes ethereum based tokens does it make financial sense to move these erc 20 tokens around with the current high transaction fees we are seeing atm..I do not think so? Btw i had the same plans but I have been forced to become a hodler all because of the high fees which has made it to expensive to move these coins back and forth.

Quote

btw Im an old member that lost his account (was stolen)

If you have a signed message of this account somewhere on the forum , you could recover this account in question! See https://bitcointalksearch.org/topic/recovering-hackedlost-accounts-5089777 for guide, good luck.

carrigan

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Plans deal with a bear market in much the same way as you discussed earlier. I think that USDT is not safe and transparent for the long term method, therefore it is better if USDT is applied for the short term only. Second, try to be smart and choose coins that are relatively stable or coins that can be used as short-term trading.Both steps sound easy and simple, but in practice they are difficult and sometimes complicated, so don't forget to thank them.

Topic: My plans for the next bear market (Read 701 times)