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Author Topic: During a bull market, cash out in what?  (Read 517 times)
shadowdio
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May 13, 2020, 05:47:18 AM
 #41

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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May 13, 2020, 06:33:51 AM
 #42

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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May 13, 2020, 08:52:35 AM
 #43

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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May 13, 2020, 09:40:25 AM
 #44

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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May 13, 2020, 09:43:42 AM
 #45

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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May 13, 2020, 09:55:01 AM
 #46

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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May 13, 2020, 01:01:12 PM
 #47

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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May 17, 2020, 02:34:28 PM
 #48

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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May 17, 2020, 05:16:34 PM
 #49

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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May 17, 2020, 05:31:07 PM
 #50

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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May 17, 2020, 05:38:57 PM
 #51

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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May 17, 2020, 06:56:27 PM
 #52

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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May 17, 2020, 07:49:40 PM
 #53

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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May 17, 2020, 09:34:58 PM
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 #54

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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May 17, 2020, 11:49:30 PM
 #55

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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May 18, 2020, 12:20:38 AM
 #56

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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May 18, 2020, 04:24:07 AM
 #57

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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May 18, 2020, 10:05:43 AM
 #58

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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May 18, 2020, 12:07:29 PM
 #59

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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May 18, 2020, 12:45:07 PM
 #60

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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