My plans for the next bear market

[Salamande]

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)

[1714937668]

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[DapanasFruit]

There some people who are expressing some concerns or questions with USDT all because the organization behind it is not 100% transparent on everything they are doing. Recently, a fine was slapped on them for some violations. Still, in the near-term it can still be safe to be parking your money in Tether though there are now also good alternatives that you can conveniently use...just search for that either in Google or in a big exchange. Good luck on your plan...and may it bring you the things - especially the x3 - you are wishing for.

[TravelMug]

Ok it looks the basic plan for a bear market, hedging it out to USDT.

But I don't think you need to wait for months, this bear market might be worst. So it's better to have fiat to buy back cheap coins right away and then hold.

I regret not doing that in 2018-2019, I could have fill my bags with cheap bitcoin and ethereum back then. And then could have made a lot of money in 2020 or even today if I will not sold it. Anyhow, this might be basic, but looks solid and you don't need to complicate things in a bear market.

[Kemarit]

The plan in a bearish cycle is too really buy cheap solid coins. Take note I emphasize solid, which means those that are in the top 10-20 at least and buy as many as you can. Don't buy shit and meme coins, there might not be any value in the next bull cycle.

And we don't know how long this bearish cycle will be, it the trend continues then it will be 2-3 years again. So there will be a lot of golden opportunities for us to a bag holders of many coins and continue to do so until you are satisfied with what you are holding.

And then the waiting game starts, hopefully you have that mental toughness to really HODL on them and just sell-off on the right now.

[magnum1010]

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

Actually, USDT is the most popular stablecoin. Despite all bad news about it, Tether remains the stablecoin with the biggest trading volume. Nevertheless, if we are talking about a big sum of money, you had better diversify your money between different stablecoins. For example, you can take USDC, DAI, BUSD in addition to USDT.

[Farma]

it will work when the crypto price drops at that point. however, things will be different when the price of crypto goes up.
this reminds me of the plan I did at the end of 2020. I also sold all the assets that I owned. BTC, ETH, BNB and more. convert it to Fiat and hope the price of crypto drops so I can collect it again in large quantities. however, everything changed when the price of crypto really went up, and it made me regret the decision I made. however, current analysis and predictions suggest that the start of the year will be the moment for bitcoin to hit $100k. it would be great if you considered the circumstances before actually doing that.

[Croin]

The question is which stable do you trust the most?
USDC? Dai which is also backed 60% by USDC, Binance? or Tether?

[gwdf1]

Actually, I have almost the same plan. I am going to get rid of almost all altcoins and accumulate stablecoins in USDC and USDT. I consider them to be the most reliable and liquid as for not. I still don't believe in algorithmic stablecoins very much. However, I am going to continue holding Bitcoin and Ethereum as they are for the long term so I am going to hold them at least 5 years more.

[cabron]

That's a common plan, one that everyone might do when the bear market comes. But noting the adoption today where many cities in the US are competing to be the next Bitcoin City, there was a theory that the last bear market was during 2018. I would actually assume the price will not dip below 70% if the bear market will occur.

I wouldn't be going for USDT, bear in mind that stablecoins today are scrutinized these days by regulators and CBDCs are about to be released, perhaps to replace the stablecoins.

[poonam8288]

I have been preparing for this for the last 3 years. I missed March-April 2021. But now I look forward to it. It may seem that the way the market is going up at the moment, the time will come. And I have prepared for that. Half in the fund exchange and the rest in the wallet. There are 15 coins in my top 20 list.

[Reid]

USDT is safe short-term. It's not for holding large amount for a long time. If it were me, I'd rather keep in Bitcoin or Ethereum despite the volatility. It's the trust that counts.
You may have to re-write your plan if a bad event happens before December. You wouldn't like to sell it at a price that looks like it came from a dump.
Instead of maximizing the profits you might lose more or worse get rekt in the process. Maintain and monitor, before you start the plan. Be sure you are on the right time.

[coin-investor]

Ok it looks the basic plan for a bear market, hedging it out to USDT.

But I don't think you need to wait for months, this bear market might be worst. So it's better to have fiat to buy back cheap coins right away and then hold.

I'm also planning to convert a huge portion of my coins into fiat when the bear market sets in but before doing this I have to check and plan my exit point, so I can still have profit before the bear market sets in, every year the bear market is different I don't know how will this become different, besides the bear market preparation, I'm still looking forward preparing for the next halving although it's still 900 days it's still the best opportunity to make huge profit.

[TheUltraElite]

If you sell before the bear market hits and exit with USDT at hand and then hold it till the low reaches only to buy it back - then it is a good strategy.

Only factor you need to consider is the timing:
1. You need to time your sale before the bear hits.
2. You need to hold for a long period of time. Sometimes bear markets can run for more than 6months.
3. You need to time your buy back at the proper price to be multiplying your asset.

If you have the patience to hold, which ends up being the most pain-staking process, then you should not have much difficulty in this. In the mean time dont forget to keep fiat savings to keep yourself afloat and dont end up putting all your life savings in this.

[lovesmayfamilis]

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

Why tell us here that you are an old member? Moreover, if you previously had a good account that was hacked, your best bet is to create a theme in the META section and try to restore your account. Create a subject and try to sign the message with the bitcoin address previously placed in your previous account.

https://bitcointalk.org/index.php?topic=5089777.0

[m0nica.just]

It seems to me that you are at great risk with this, in other matters, it is completely your business.

[khiholangkang]

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.

[meldrio1]

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.

[aprilnot]

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.

[JeffBrad12]

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.

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

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.

[cheezcarls]

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.