My plans for the next bear market

[bhooscream]

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.  

[Cryptock]

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 really like your plan! However, I'm not sure December 2021 will be a good time to sell. There is a very high probability that the bull run will begin in December. So if I can advise you anything, you better think about postponing the sale date to a later date.

[WalkerIVIV]

I think keeping USDT for months is safe, but this kind of strategy always require you to be strong mentally, in trading world there is a saying “buy low sell high” but most of people can’t even implement that in their trading mostly because when the bloodbath or when the bearish market is happening most of traders mostly that aren’t veteran traders will already lost their mind and hesitant to buy because they will definitely think that the bearish market will have no end.
But your strategy honestly is the most logical than others if you really can implement that, there are many long term holders out there that make a great return of investment by just simply buying when the coin’s value is on its lowest and by doing that they are maximizing their return of investment into another level of height  and turn their money into not only triple of its initial value but maybe 10 times of its initial value

[dimonstration]

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 really like your plan! However, I'm not sure December 2021 will be a good time to sell. There is a very high probability that the bull run will begin in December. So if I can advise you anything, you better think about postponing the sale date to a later date.

What chart are you looking or where do you see the Technical Analysis about this prediction. If its came from influencer that you are following, Unfollow him immediately or if it came from a TA analyst then that is BS. If you open your eyes and read the chart, We are on the final stage of Elliot Wave Cycle which means this is the final bull run before we experienced indecision again. Bitcoin. Is already in a bull run since last year and it's delusional to say that bull run only start on December while you obviously know that BTC already grows more than x10 from the bottom last year.

Stop BS statement like this in public.

[Salamande]

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.

[Luffygroove]

First thing first, we should really prepare our minds for the upcoming bear market cause it can lead to a winter season. We can't be weak. So, my plan for the upcoming bear market is to cash out to fiat for all of my assets, doing other things that I can do in the crypto world like airdrop and bounty while probably buying here and there, relaxing, and then waiting for the market to recover or even bull market come.

[Farma]

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.

waiting for a bear market is something that is uncertain. especially if you look at the current situation. Many factors are driving crypto prices to continue to rise. So, I don't think waiting that long is a good idea.
other than that, i think the way is the safe way. however, there needs to be a strategy in it and also patience. because the thing most crypto users feel is when you sell the assets you own, the price recovers. it will make you wait indefinitely.
the plan he made was like holding assets, the key to the success of the plan was patience.

[Shasha80]

First thing first, we should really prepare our minds for the upcoming bear market cause it can lead to a winter season. We can't be weak. So, my plan for the upcoming bear market is to cash out to fiat for all of my assets, doing other things that I can do in the crypto world like airdrop and bounty while probably buying here and there, relaxing, and then waiting for the market to recover or even bull market come.

The bear market is actually not a situation that we like, because when the bear market comes, all the coins we hold will drop in price. So I agree
with you, before the bear market comes, it is better to make preparations. So that when the bear market comes, we don't panic. and can take
advantage of falling crypto prices by buying some coins at low prices. After that we can wait for the bullish market to come. Or if we don't have
extra money to buy potential coins when the bear market comes, there are other ways we can do it. As you said, we can participate in airdrops or
bounties, although there are many airdrops and bounty scams. But if we can do our research properly first, we can choose pretty good projects
from airdrops and bounties. In conclusion, we must be ready to face a bear market at any time, because a bear market will definitely come,
without prior preparation only makes us panic and experience losses when the bear market comes.

[hodlftw]

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.

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.

[Salamande]

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.

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.

I executed my plan sooner. It doesn't look really good now. Tried 1/2 usdt and 1/2 usdc

[traderethereum]

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.

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.

I executed my plan sooner. It doesn't look really good now. Tried 1/2 usdt and 1/2 usdc

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.

[Salamande]

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.

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)

[alpamar99]

the problem is that no one really knows when the bearish will come, even though if you look at the history of the bearish will be in months that are always the same but do not know for sure when the bearish will come.
on the other hand your plan is pretty good but maybe it should see how the market is moving before actually selling all the btc and altcoins you have.

[UDONNA]

Despite the fact that I believe in the growing opportunities of the crypto market, during prolonged bear periods, I prefer to withdraw my crypto assets to fiat rather than store them in stablecoins. It's safer for me.

[kawetsriyanto]

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.

[Salamande]

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

[letyouearn]

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.

[traderethereum]

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.

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)

Hopefully, it will be over soon, but we still need to be careful as there are no signs for the market to be over and just in case this situation continues, you need to have more funds to buy at another lower price.
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.

[LUCKMCFLY]

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.

[Rufsilf]

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.  

Yep that might be good, sounds like a solid and concrete plan to me. We all know that the bearish market will come somehow soon that we might expected and I think that it will some time to pass, and when the December comes then I think we might get a hint about the upcoming events.
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.