Topic: My plans for the next bear market - page 2. (Read 701 times)
I think that's the function of the USDT, which is to become a post when we wait until the market is worth buying according to our analysis. Even though it was previously reported that USDT was bad, we see that until now we still have good trust. So I think it's safe if we save USDT for a long time. but we have to remember where usdt is a stable coin, so that if we keep it for a long time then the nominal value of our assets will remain the same
Be sure to check what coins or tokens are to be traded with USDT, not all coins/tokens are going down in the bear market and there are coins/tokens that are going against the flow, you have picked the right USDT to trade your Bitcoin and altcoins I also picked Tron's USDT whenever I want a USDT to trade my coins to protect my investment.
I guess is not a good plan to sell all the altcoin, now that the end of the year is approaching because the price of those coins will still increase higher before the end of December. Selling bitcoin and other altcoin in this season is not a good idea because things are about to change in the market for those customers waiting for the price to reduce so that they can buy more coin and hold for future.
Buy more bitcoin, since the price is still not stable for anyone to make a good profit in the market . Anyone that bear this season not to sell altcoins but hold will really enjoy the reward that attache to those that plan well to bear the market before the end of December.
Well, it's not really a good idea to sell all of your altcoins just to make huge profits. I know bullish season is definitely a good time to sell but you must have also some reserves for the next trend as we are still uncertain when will this bearish season will finally hit the market. But once the bearish trend will come, i have my ultimate plans and that is to buy more promising coins in the market and build up a business offline so i can still diversify my investments. In times the crypto market seems not making good profits, at least i still have other source of income that i can rely. Buy more bitcoin, since the price is still not stable for anyone to make a good profit in the market . Anyone that bear this season not to sell altcoins but hold will really enjoy the reward that attache to those that plan well to bear the market before the end of December.
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 seems good and TBH, I'm thinking of that strategy too when the bear market comes.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?
The question is will 2022 be the start of the bear market and you are selling all of your coins and hold USDT? Because if the opposite happens and it continues to go upwards then you will incur losses in your portfolio.
There is nothing wrong keeping USDT for months. There is this risk of getting potential gains when you held BTC and ALTS rather than holding USDT and worse if it didn't go the way you like then you will get losses. Its better if you will just convert a percentage of it into Fiat, wait and then buy when you feel that it is low than converting it to USDT. Keep a percentage of your holdings too to hold BTC and ALTS just incase they will go higher then you'd still gain profits.
Diversifying your investment is very important, which will minimize the risk.
Be smart and be realistic all the time as a bullish market does not exist forever, just like our experience in the past, we have a bear market and bull market, so it's just a matter of timing and we have to do the right timing if we want to be successful in trading and investing. Of course, no one can predict the right outcome all the time, but with proper research and learning from our experience, it's not impossible to be consistent in trading.
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 seems good and TBH, I'm thinking of that strategy too when the bear market comes.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?
The question is will 2022 be the start of the bear market and you are selling all of your coins and hold USDT? Because if the opposite happens and it continues to go upwards then you will incur losses in your portfolio.
There is nothing wrong keeping USDT for months. There is this risk of getting potential gains when you held BTC and ALTS rather than holding USDT and worse if it didn't go the way you like then you will get losses. Its better if you will just convert a percentage of it into Fiat, wait and then buy when you feel that it is low than converting it to USDT. Keep a percentage of your holdings too to hold BTC and ALTS just incase they will go higher then you'd still gain profits.
I guess is not a good plan to sell all the altcoin, now that the end of the year is approaching because the price of those coins will still increase higher before the end of December. Selling bitcoin and other altcoin in this season is not a good idea because things are about to change in the market for those customers waiting for the price to reduce so that they can buy more coin and hold for future.
Buy more bitcoin, since the price is still not stable for anyone to make a good profit in the market . Anyone that bear this season not to sell altcoins but hold will really enjoy the reward that attache to those that plan well to bear the market before the end of December.
Buy more bitcoin, since the price is still not stable for anyone to make a good profit in the market . Anyone that bear this season not to sell altcoins but hold will really enjoy the reward that attache to those that plan well to bear the market before the end of December.
It's okay to store assets in bitcoin or ethereum. however, it is very natural that when FUD occurs immediately and can cause negative effects such as a fairly severe price drop, it is a good thing to trade our assets into stablecoins before it actually happens. however, when the price drops and your asset has become a stablecoin, there is a high chance that you can get a larger amount of the asset when you buy bitcoin or ethereum at a lower price once you have stabilized the coin.
Well, this is a simple plan that is easy to understand, but very difficult to execute. the problem is the timing. sometimes, when selling an asset, the price of the coin we are selling suddenly rises high. it happened to me several times.
Well, this is a simple plan that is easy to understand, but very difficult to execute. the problem is the timing. sometimes, when selling an asset, the price of the coin we are selling suddenly rises high. it happened to me several times.
It is not just okay,,, it is the best route. Assuming everything else is the same (personal device security and habits and a secure wallet) storing assets that are centralized like all stablecoins are is a big risk to the whole idea of "storing".
FUD and hype should not affect the storer since the whole idea is to keep for long term right? Who cares about what happens in 1 or 2 years. You know in 4/5 years Bitcoin and Ethereum always appreciate.
The USDT value is basically not going down. Saving USDT is like maintaining asset value, USDT as a good medium as a protector of wealth.
I prefer to keep my wealth in BTC or ETH. Uncertainty and fluctuations in the price of Bitcoin become an interesting point for me. Although the price of Bitcoin can drop sharply, prices can also soar. No one can know for sure whether Bitcoin performance will get more positive every year, or even decreased drastically at some point in the future. But it will be a challenge for me.
Bitcoin follows the principle of high risk high return investment. The greater the risk or uncertainty of an asset, then the probability of getting a return is also greater. This is why Bitcoin is seen as an investment instrument that is different from other investment assets, so my goal is to buy a little bit of Bitcoin as a wealth protector as well as a wealth enhancer.
It's okay to store assets in bitcoin or ethereum. however, it is very natural that when FUD occurs immediately and can cause negative effects such as a fairly severe price drop, it is a good thing to trade our assets into stablecoins before it actually happens. however, when the price drops and your asset has become a stablecoin, there is a high chance that you can get a larger amount of the asset when you buy bitcoin or ethereum at a lower price once you have stabilized the coin.I prefer to keep my wealth in BTC or ETH. Uncertainty and fluctuations in the price of Bitcoin become an interesting point for me. Although the price of Bitcoin can drop sharply, prices can also soar. No one can know for sure whether Bitcoin performance will get more positive every year, or even decreased drastically at some point in the future. But it will be a challenge for me.
Bitcoin follows the principle of high risk high return investment. The greater the risk or uncertainty of an asset, then the probability of getting a return is also greater. This is why Bitcoin is seen as an investment instrument that is different from other investment assets, so my goal is to buy a little bit of Bitcoin as a wealth protector as well as a wealth enhancer.
Well, this is a simple plan that is easy to understand, but very difficult to execute. the problem is the timing. sometimes, when selling an asset, the price of the coin we are selling suddenly rises high. it happened to me several times.
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)
its a good decision mate if you don't know what to do during bear market.. Because indeed mostly preferred to dump, but fyi mate nowadays you can actually make profits in downtrend as well and it's called SHORTING, if bull market we buy low and sell high, in bear market it's opposite wherein you will ask shares and etc. If you're interested just make research and how to apply it during downtrend, because you know bearish season sometimes it takes weeks or two. Perhaps q good option while market isn't fine. 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 accept the fact that there would always be a bear after a bull run, but we don't know when the bear will commence. It would be out of place to think that the bear would start by next year because we had a bull run this year. We need to be mindful of the fact that the cryptocurrency industry is not always going in line with precedence. The bull run we had this year is the longest we've had so far, it's possible it continues till next year and beyond. Don't make the mistake of using the previous bull run of 2017 to make a decision in 2021. So many things have changed in the industry from then till now.
The fact that we have to prepare the incoming bear market as to when will it hit the market, so we have to take advantage now whatever opportunities that the market can offer so we can gain maximum profits whenever bullish season comes. And these profits will be a good preparation to buy cheap but potential coins when bearish season starts. However, although my plans are focused on buying and filling my bags with potential coins, i also have to secure my own funds for my personal needs because for sure when bear season is here, there would be less opportunities to create profits.
No need for that plan to take effect in December.
We don't know what will be the trend for that month. You can actually take effect and deploy that plan now as we speak.
For a test strategy, you can have some small trades starting now and see what will be the result.
You have a point mate, everybody are very optimistic that the month of December is the most awaited month for crypto, but I think a back up plan it is still needed if ever the market by next month still didn't show good. We really don't know what will be the trend by next month and the unexpected price correction for Bitcoin and Eth are now taking place, and yet we didn't know when will it going to pump again, but yeah you're right this time is quite a perfect time to add asset to fill in our bags instead, in my case I have already fill my bags with Eth and Btc and now I am just waiting for a new ATH, hopefully.
No need for that plan to take effect in December.
We don't know what will be the trend for that month. You can actually take effect and deploy that plan now as we speak.
For a test strategy, you can have some small trades starting now and see what will be the result.
You have a point mate, everybody are very optimistic that the month of December is the most awaited month for crypto, but I think a back up plan it is still needed if ever the market by next month still didn't show good. We really don't know what will be the trend by next month and the unexpected price correction for Bitcoin and Eth are now taking place, and yet we didn't know when will it going to pump again, but yeah you're right this time is quite a perfect time to add asset to fill in our bags instead, in my case I have already fill my bags with Eth and Btc and now I am just waiting for a new ATH, hopefully.
I accept the fact that there would always be a bear after a bull run, but we don't know when the bear will commence. It would be out of place to think that the bear would start by next year because we had a bull run this year. We need to be mindful of the fact that the cryptocurrency industry is not always going in line with precedence. The bull run we had this year is the longest we've had so far, it's possible it continues till next year and beyond. Don't make the mistake of using the previous bull run of 2017 to make a decision in 2021. So many things have changed in the industry from then till now.
The USDT value is basically not going down. Saving USDT is like maintaining asset value, USDT as a good medium as a protector of wealth.
I prefer to keep my wealth in BTC or ETH. Uncertainty and fluctuations in the price of Bitcoin become an interesting point for me. Although the price of Bitcoin can drop sharply, prices can also soar. No one can know for sure whether Bitcoin performance will get more positive every year, or even decreased drastically at some point in the future. But it will be a challenge for me.
Bitcoin follows the principle of high risk high return investment. The greater the risk or uncertainty of an asset, then the probability of getting a return is also greater. This is why Bitcoin is seen as an investment instrument that is different from other investment assets, so my goal is to buy a little bit of Bitcoin as a wealth protector as well as a wealth enhancer.
I prefer to keep my wealth in BTC or ETH. Uncertainty and fluctuations in the price of Bitcoin become an interesting point for me. Although the price of Bitcoin can drop sharply, prices can also soar. No one can know for sure whether Bitcoin performance will get more positive every year, or even decreased drastically at some point in the future. But it will be a challenge for me.
Bitcoin follows the principle of high risk high return investment. The greater the risk or uncertainty of an asset, then the probability of getting a return is also greater. This is why Bitcoin is seen as an investment instrument that is different from other investment assets, so my goal is to buy a little bit of Bitcoin as a wealth protector as well as a wealth enhancer.
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
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
No need for that plan to take effect in December.
We don't know what will be the trend for that month. You can actually take effect and deploy that plan now as we speak.
For a test strategy, you can have some small trades starting now and see what will be the result.
Main question about my plan is it safe or not keeping usdt for months?
Although there are lots of raises and concerns regarding USDT, it's not that they will be busted right away. You can keep it on USDT if you preferred it but always be updated on it.
Well I stated december, but it's rather when (or before) BTC push to 100K$. Many will sell before that, so that mean I must be prepared to a lower level than that. I think if history repeat, december may be the best time to pull the trigger.
December is always the most controversial month for crypto, most people are waiting for this month because they think that BTC and all cryptocurrencies can go up to new levels, however it is very possible that it will happen, but when you see how the price is currently it is + $ 60k I think that there must be a quite natural correction, and it has not been presented yet, it is possible that at any moment it will arrive, but very few people are waiting for this retracement, most of them expect more rise in the price of BTC and generally the market always does the opposite of what the masses think.
but i haven't seen it happen normally and by december there's actually still a few weeks to go.
and we can only hope for the best and see how things turn out in the months ahead.
whether everyone's speculation will be true this month or just wishful thinking.
Days ago there was a correction, it was not strong, I still do not know what could have been the reason, but BTC reached $ 55k and that produced a huge drop in all altcoins, something that is very normal, whenever BTC falls in price all altcoins fall with great force, however, many are waiting for BTC to reach $ 100k, some forecast $ 150k, what I do not like about all this is that the market always does the opposite process to what the mass thinks If you are expecting a bullish move towards $ 100k, the opposite could happen and have a monumental drop, however for now the best thing to do is put everything in Hodl mode.
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)
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)
when compared to storing other cryptocurrencies, it is safer to store stablecoins such as USD, I think, but for the development of BTC and Altcoins next year it seems there is still an increase, I think it's a shame if you sell all the assets you have.
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)
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)
First of all, thats good strategy but who knows when it will goibg down or up ? I know there is the golden cycle and crypto winter just like 2014 and 2018 bit the exact time is not known, only whale knows it. My strategy is i will cash out when this bull cycle is end hopefully i am right and can decide when to enter again.
Well, if you're really an old member, you'd know better than what you're saying here.
Newsflash, this is what most people are gonna do, but questions is, how do you know it's best to sell at end of december?
Well, everyone does have a very good plan sometimes. however, it is very difficult to determine the time to implement it. It's great to have a plan like, when the price starts to drop, we'll sell the asset into a stable form of coins, then buy more coins when the price drops deeper. well, it's just that, when it really happens, doubt will enter your heart, and make you hesitate in making that decision. yeah, it happens to me often.Newsflash, this is what most people are gonna do, but questions is, how do you know it's best to sell at end of december?
anyway, it's a good plan if it works.
Main question about my plan is it safe or not keeping usdt for months?
USDT is the most popular option. First of all, it has the biggest trading volume from all stable coins so it is very liquid. Secondly, it has the biggest number of pairs on different exchanges so you can freely change it without long-long routes. I also accumulate exactly USDT when I quit for the time of bear market so as to enlarge my portfolio on the dip. But if you need to hold a big sum of money, you should consider creating a basket of different stable coins. Jump to: