Topic: My plans for the next bear market - page 3. (Read 676 times)
Great idea to avoid loosing money during the bear market. We recently reached an alll time high and currently I am curious to know whether we may be heading into the bear market soon,don't want to sell my assets quickly now to avoid regrets so I wait and see what happens next before making any move with my money.
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)
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?
Majority here are confident that USDT will be safe heaven for long term holding, i have a different opinion regarding this. I would convert my profit in fiat currency and there are multiple exchanges that allow you to store the coins in fiat and i would choose those and i do not trust holding USDT and knowing its history and the troubles it will face legally, i would advice everyone to stay away from them.
Go ahead and convert it into another stablecoin than USDT then, the bear market isn't gonna stay for long and recovery is definitely there after the bear market, either convert all of your current holdings or just simply hold it until the next bull season, that doesn't seem to be hard and to be honest it contains less risk than the other options mentioned by the OP and the other replies above.
Majority here are confident that USDT will be safe heaven for long term holding, i have a different opinion regarding this. I would convert my profit in fiat currency and there are multiple exchanges that allow you to store the coins in fiat and i would choose those and i do not trust holding USDT and knowing its history and the troubles it will face legally, i would advice everyone to stay away from them.
i think USDT is seen as a rare safe haven asset in a famously volatile asset class. When the price of a digital asset crashes, traders may choose to move their position to tether quickly in an effort to minimise potential losses,so as long as you hold it for a long time, I think it's safe.
Stable coins can save you from incurring huge losses as their price does not change in the market. But to find the right time to convert your other assets to stable coins, a trader needs to know enough about the market. If you have enough stable coin reserves in the Bear Market, you can prepare for the next bull run. So it is very important to get out of the market at the right time.
I agree with you. When USDT is in a trader's wallet, he can keep himself safe and make the right decision, taking advantage of the market. No one has any idea how long the current trend in the market will continue. From my own experience, only those traders in the bear market can take the opportunity who can make the right decision during the bull market.
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 don't think this is a wise idea, how do you predict which blood bath is the last blood bath? Unless you have some holy grail it's impossible to predict the last ultimate bloodbath, better strategy is to buy in lots, buy a certain percentage in every blood bath you see, let's say the price of BTC falls to 50k, you fill your bags by 20% then when it falls to 40k you buy another 20% this way you will be able to average your whole portfolio at a good price and will not miss on any opportunity, otherwise, if you keep on waiting for another dump and market rebounds from that point, you will be losing a big opportunity. 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)
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.
I have done such a plan, maybe what I did was too early to sell all the assets I had, but this was a decision that was already in the strategy, now just waiting for the bears to come and wait for the market to fall very deep. Saving in usdt is safe in my opinion and usually when altcoin goes down then usdt goes up it can increase the value of the asset but now i save it in fiat currency first
~
Careful in holding stablecoins. You are surely aware that stablecoins are possible to be frozen, even in your own wallet right? You never wanted that to happen to you, aside from getting your funds frozen inside an exchange. I know someone mentioned below you that it is still safe, but it would be safer than sorry scenario for me though. 
i think USDT is seen as a rare safe haven asset in a famously volatile asset class. When the price of a digital asset crashes, traders may choose to move their position to tether quickly in an effort to minimise potential losses,so as long as you hold it for a long time, I think it's safe.
Stable coins can save you from incurring huge losses as their price does not change in the market. But to find the right time to convert your other assets to stable coins, a trader needs to know enough about the market. If you have enough stable coin reserves in the Bear Market, you can prepare for the next bull run. So it is very important to get out of the market at the right time.
i think USDT is seen as a rare safe haven asset in a famously volatile asset class. When the price of a digital asset crashes, traders may choose to move their position to tether quickly in an effort to minimise potential losses,so as long as you hold it for a long time, I think it's safe.
Stable coins can save you from incurring huge losses as their price does not change in the market. But to find the right time to convert your other assets to stable coins, a trader needs to know enough about the market. If you have enough stable coin reserves in the Bear Market, you can prepare for the next bull run. So it is very important to get out of the market at the right time.
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 USDT is seen as a rare safe haven asset in a famously volatile asset class. When the price of a digital asset crashes, traders may choose to move their position to tether quickly in an effort to minimise potential losses,so as long as you hold it for a long time, I think it's safe. 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 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)
Well it sounds a very concrete plan you have been there buddy. However, I think bull market will continue up until Feb and selling by December would be a loss. Bull run has started ready and I dont see it stop til the next 3 months. Sorry for the loss of your account by the way. Hope you could bring it back again. 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 don't see any problem to freely store your usdt in the future after the sale of all the alts.In addition, you can put them at interest while you are inactive for several months.You won't earn much, but it will be better than they will just lie idle.At the moment, almost all top exchanges have different offers for investment, so this will not be a problem.
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)
It's safe risk is minimal to have USDT then any other coin because of its stability.
else is your choice how you want to play with your money.
I think I will sell everything I have (btc and alts) in the end of december, to USDT.
I also have the same plan. Selling everything in December, or converting them to USDT. Some of my USDT will be used to buy again crypto coins in the upcoming bearish. I will wait for the moment when the prices of crypto coins are at the dip level. While for the rest of my USDT, I will convert it to fiats. I think it is the right time to enjoy the profits. 
For me, I'm making sure to see it as an advantage to get some profits but we know bear market is sure needs a lot of attention to eventually gain.
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.
No matter what you want to do later, I hope you can use this time to buy bitcoin and altcoin because the discount time is coming and you can select many potential coins to buy now.
But make sure before you buy bitcoin and altcoin, you researching to find the right time to buy so you can get the low price for each coin.
I am not yet using USDC but I already USDT so far and I do not have a problem because I can use USDT from the Tron network to cover the fee.
But make sure before you buy bitcoin and altcoin, you researching to find the right time to buy so you can get the low price for each coin.
I am not yet using USDC but I already USDT so far and I do not have a problem because I can use USDT from the Tron network to cover the fee.
Bloodbath seems to be over, so I rebought already... LOL
Yes found out that USDC isn't as good as USDT because cannot be used on tron ledger. And fee on ETH are insane... 70$ USDC for a transaction (yesterday)
Yes, the fee is too high, but that will depend on how big you want to withdraw your ETH.
Maybe you can divide some parts to withdraw the ETH so you do not have to pay a high fee.
I hope the market will recover from this bloodbath.
Sounds good, but I'd better set price levels - not just time limits. And I think the bloodbath will begin in March. Maybe in February... But if you want to stay safe - it's a good plan.
Has anybody considered USDC for this plan? USDT has a bunch of problems, no? USDC is at least backed by circle which is backed by Goldman Sacs which is regulated by the gov't ( I know "regulated" ) ahahha. But still. What am I missing here. I think USDC is good too.
Both are good. I used both USDT and USDC, but prefer USDT because it has more pairs in most exchanges. What problems do you mean with USDT? For me, whatever the problem is no problem as long as it doesn't bring a very big influence to USDT value. Moreover, I usually don't save USDT for a long time. After the price looks suitable with my target, I sell it or convert it to fiats.Aren't converting it to Fiat involve gov taxes? Not sure here in Canada
Jump to: