My plans for the next bear market

[tyz]

-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.

[Doell]

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

[Kelvinid]

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.

[michellee]

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.

[so98nn]

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.

[crzy]

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.

[livingfree]

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.

[coco23]

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.

[Salamande]

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)

[SquallLeonhart]

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.

[Jackl87]

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.

[ZeeeN]

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

[husdemba]

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 

[sovie]

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.

[zasad@]

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.

[o48o]

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

Safer then what? Everything is relative. Question is why do you want keep it as usdt and not just usd or any other fiat money? And if you really are waiting for bear market to be over, i think you need to be prepared to keep it in usdt at least 2 years or something like that. A LOT of things can happen during that but i don't think that death of tether would be one of them.

[gabbie2010]

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's a good a idea that you are very much aware of a likely bearish market after the end of this bullish runs, and getting prepared "experience is the best teacher" I don't think there would be any problem trading off your coins to USDT which is even more safe and secure using Tron legder rather than using BUSD  because is not advisable to hodl your huge coins in any exchange.
I am also thinking of investing in some potential coins if the market eventually undergo correction having studied a lot of opportunities missed in the last bearish runs.

[Questat]

snipped~

Well it's a good a idea that you are very much aware of a likely bearish market after the end of this bullish runs, and getting prepared "experience is the best teacher" I don't think there would be any problem trading off your coins to USDT which is even more safe and secure using Tron legder rather than using BUSD  because is not advisable to hodl your huge coins in any exchange.
I am also thinking of investing in some potential coins if the market eventually undergo correction having studied a lot of opportunities missed in the last bearish runs.

We can't underestimate the market volatility and what OP does/plans is trying to save him from losing his profit when the correction comes. That is common to everyone and we can't assure everything went good that is how important to anticipate it before we regret then.
In fact, it comes normally to make sell during the bullish season, can't tell that we are trying to stop the bullish trend because if you are a smart investor, that is also the thing to do.

[martina14]

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)

If you have a 1005 trust in your plan, you can stick with it. But since that you are asking the community here in the forum
that means you still have a doubt on your plan, if that so, make your assets be turn into fiat this thing is the best thing I can
see with it at least, through fiat you are comfortable anyhow.

[TelolettOm]

I think That you have considered about this. Actually, there may be some people who will also do the same. So do I.
I also have plans to sell al my BTC and Alts. Btc at least on December. And for Altcoins, I will see whether the altcoin season will also happen on December or even on the beginning of the next year.
For me, I need to cash out some because I need caah to do something in real life. And of course, at leaat have some balances to lrepare for thw next bear market.
And about safe or not, USTD is the most popular stablecoin. But some people worry about the future of this. If you are worried, maybe you also need to always update the development of USDT so that you will not miss the chance to sell or convert your USDT