My plans for the next bear market - page 5.

zasad@

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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 sell Ethereum coins and tokens on uniswap and use a ledger to store them.
I prefer more DAI, less USDC and USDT. At any time, you can buy Ethereum and other tokens and not use centralized intermediaries (exchanges or exchange services).
While exchange services will change your coins on a centralized exchange.

sovie

sr. member

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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)

The plan looks pretty good. This is probably the most popular investment strategy I know. It also seems very easy, but unfortunately it is not. It is very difficult to determine the best time to sell and then buy back. In my opinion, the bear market will not start in December. I think the bull run will last at least a few more months.

husdemba

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Pepemo.vip

I think we will see a bear market again in February at the latest. I hope we will convert our investments to USDT at the right time. First of all, it is necessary not to be greedy. When we get our intended profit, we should take our profit and wait for the most opportune time for the new purchase Undecided

ZeeeN

jr. member

Activity: 298

Merit: 3

your plan almost like me.

but we not sure yet after December market change to bear market or not right now crypto market not same as 8or4 year ago

Jackl87

sr. member

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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)

Well sounds like a plan that thousands of others investors already had before. The problem is that it is just a theoretical plan and that the reality never plays out as you have planned it. Your plan has also several points where stuff can go wrong, you said you want to sell at the end of december.. well the bear market could hit well before that.
Then you want to wait for a pretty long time until the bear market is over. First we don't know if and when the next bear market will come, well the there will be a bear market someday of course but i doubt that we will see another bear market like the one from 2018 to 2020 again where most coins lost 90% of their value or even more.
So you have a lot of uncertainties in your plan that could actually make your holdings 1/3 instead of x3.

SquallLeonhart

legendary

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

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?

You are not the first one to plan up for shorting by end of this year. But, unfortunately people started speculating about the continuation of bull run into mid of next year. If that will be the case then you may not be able to catch the exact peak price levels of bitcoins. Along with every bitcoin halving event, the duration of bull run in 4 year cycle might be increasing so in the past we had 1 year bull run which may be longer than that. So, you need to plan up accordingly.

I have similar plans but not with USDT. You may plan up with your local fiats which might be safer than anything else.

Also, you need to consider that most altcoins may not reach its peak price level at the same time of bitcoin hence you need to sell your altcoins stash at different times.

Salamande

jr. member

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Quote from: coco23 on November 14, 2021, 08:55:18 AM

Holding USDT long term might not be the best idea. Stablecoin regulation is coming and USDT could be the first one to go bust.
If you need to sell for Fiat, then do that, but hold proper $, € or whatever is the most convenient for you. Alterantively you could go into BTC and sit the bear market out.

Well, my goal is mainly try to get more BTC with such a move. So if I keep my BTC during the bearish period, I won’t gain anything. That’s what I did last time (2017] and want to try something else.

Thanks all of you for your advices/warnings about USDT and regulation. Maybe fiat could be the way to go but then again, isn’t the gov will want is share if I cash out my crypto? (Im in Canada)

coco23

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Merit: 856

Holding USDT long term might not be the best idea. Stablecoin regulation is coming and USDT could be the first one to go bust.
If you need to sell for Fiat, then do that, but hold proper $, € or whatever is the most convenient for you. Alterantively you could go into BTC and sit the bear market out.

livingfree

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Hire Bitcointalk Camp. Manager @ r7promotions.com

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 won't do that.

Why would I sell my bitcoin for USDT and transfer it on Tron? I'll sell the other alts for another alts but I won't be selling bitcoin for an alt.

I think that's a decision that you have to rethink so that you won't regret that whenever bitcoin reaches another ATH.

crzy

full member

Activity: 2128

Merit: 180

Its always good to have plan not just during the up trend but also during the down trend for us to secure our profit as well. I don't have much plan yet honestly since I'm still bullish and I can't see any major drop with the market until next year so I'll keep on holding. Selling at profit and buying at dip is always a good decision, stick to that plan mate good luck.

so98nn

hero member

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Well selling off to USDT is good move obviously as it gives you time period to study the market without loosing much on the USDT ups and downs. I would suggest if you gonna wait for months of time then why not stake the USDT in a quarters holding position. Get the APY on it, get your USDT back and then invest when it’s red everywhere. Surely your USDT will work for you rather than sitting idol in the wallet. Obviously you will risk the locking period for staking and it would be nightmare if crypto fell down and recovered during that period. It’s literally unpredictable these days.

michellee

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You have a safe plan, but make sure you can sell at the highest price to make a big profit and leave the market temporarily until the bear market trend comes and reaches the bottom price. But as we do not know when the price will reach the high peak, we can only sell at the high price without knowing how high the price will be. But if you are okay with the profit, that will not be a problem so I hope you can make a big profit at the end of December.

Kelvinid

sr. member

Activity: 2828

Merit: 344

win lambo...

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?

Not actually a bad decision, that is your take...but what if the market will pump by December? That probably change your mind and I'm in doubt if you will still sell them or just hold them for a while.

But if you ask me, I suggest you to sell half of your investment and keep hold the other half. It was very important to secure our capital as well.
I think you have to keep them in BTC, not in TRON if you are wanted to earn more. Holding in stablecoins like USDT will only just safeguard your funds but not it increase your investment.

Doell

hero member

Activity: 2156

Merit: 531

safe or not depends on where you save it ,some methods during a bear market must have a plan yes but instead of usdt it's better switch to fiat ,or if you dare to take more risk better switch to cheap altcoins so you can make advantage in a bearish moment

tyz

legendary

Activity: 3360

Merit: 1533

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

-snip-

Well, nothing surprising in your plan if you believe we are near to hit the high and go into a longer lasting bear market. It's a typical bear market strategy. However, you need to hit the high when you sell, which is mostly a challenge, because we can also see a big jump in January or February.
The only point I see critical in your plan is the exchange in USDT. I would not trust Tether after all the inconsistencies. Because especially in a longer-term bear market, the Tether bubble could burst.

cheezcarls

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Activity: 2282

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Looking for gigs

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)

This is what I have been failing to do during the great Bitcoin crash of 2018 from almost $20k to $3k. I was still new to the cryptocurrency space back then and I was too greedy to believe that BTC will likely turn around. I could have sold my BTCs during the peak time before it crashed and buy again in the dip. Man I wish I could travel back in time to correct my wrong decisions, but it is what it is.

JeffBrad12

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Leading Crypto Sports Betting & Casino Platform

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.

How can you be sure if the next year could be the bearish year? is it only your assumption or what? I guess that's your choice but is not it better if you keep some percent to prepare if the bullish trend will continue? none can predict the future of market.

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

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

Im not sure if that will be working or not. The possible thing if you would be missing the train and you have no choice rather than buy it at higher price

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

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

For me it's safe to hodl USDT for months. I have been keeping my USDT for years and nothing happened to me. If you're feeling worried to use USDT and you can replace it with another stable coin. We have so many stable coins these days and i think that you may be interested to use DAI or BUSD. People are aware if USDT can freeze our money but remember that it's only a few cases and people are still actively trading USDT in the market. that proves if USDT is still safe.

aprilnot

full member

Activity: 1204

Merit: 102

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?

Why not. I've kept a few tokens in the ledger for over a year and no problems have occurred, so go for it. Ledgers are perfectly safe, as long as you're always careful.

but my question now is do you believe a bear market will really happen next year? I see the probability is low, and the situation could turn into a long bull. if that happens isn't it very dear to you. You can get a bigger profit if you don't sell it. so it's better to observe the situation first before starting your plan.

meldrio1

full member

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I see, so you want to buy coins in the next bear market. It seems you are willing to wait until the market go bearish I think it's a good plan. About USDT there are some speculations that it is not good to keep USDT for long but in my opinion I don't think USDT will having a problem in the future because it has the highest volume, people trusted it so USDT is the best stable coin and very safe.

khiholangkang

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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?

TIA

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

I've been holding USDT for a few months on an exchange, and it's safe. As long as you don't get a data leak, your funds are safe.

Topic: My plans for the next bear market - page 5. (Read 701 times)