My Current Crypto Cash Out Strategy for 2020-2021

avatar
(Edited)

▶️ Watch on 3Speak


TKay asks "How do you try to find the peak of the next big bull run, what percentage do you sell and how do you sell it? For example 50% at 50k, 30% at 100k and the rest at 300k or from 90k every week a percentage?"

Here's my response!

🧠 Want to get smart about crypto investing? Download my brain here:

https://louisthomas.co.uk/download-my-brain/


▶️ 3Speak



0
0
0.000
17 comments
avatar

Great response I know you would give a nice idea and suggestion to such ideas

0
0
0.000
avatar

My prediction:
(predictions are never true, I just want to say it)
The next crypto bubble will be the biggest bubble ever. It’s not coming in 2021, it’s going to take much longer to form.

It’s like a tsunami, first, the sea disappears and lays low, then it destroys everything. We’re going to see a long and painful bear market.

Bubble in 2023-2025

Posted using Partiko iOS

0
0
0.000
avatar

I not sure that I will ever want to cash out. I can live on less than 1K USD/month and don't really see any reason to change this. For me this is about unconfiscatability more than anything else. Government has gotten completely out of control. Badge wearers are licensed grifters, or more technically, cleptocrats. Everyone else will foolishly buy lambos, but I'll be looking for a Pinto.

For this reason alone, I refuse to buy a new car and always drive used even though at this point I can easily afford new.

0
0
0.000
avatar

I will only follow my heart. In my opinion the highest price can occur at any time like a gambling game. If the highest price reaches above 75 percent, I will sell it.

0
0
0.000
avatar

Mine is not a number but an opportunity to change my lifestyle with the value in my portfolio! It will continue to evolve as I accumulate more!

Posted using Partiko iOS

0
0
0.000
avatar
(Edited)

When bitcoin reach 50K i'll sell 80% of my btc to get my gains because i know about market cycles and if it touch 50k it has to go down again for sure.
Blessings

0
0
0.000
avatar

There is always a cache really, I think my strategy for cashing out will depend on how much I might have lost as a result the bear market. So I might even have to sell 70% and you know buy back up when the anticlimax starts hitting. That's it sell when it's highest and then buy back when it's reducing or reduced

0
0
0.000
avatar

Is it the new way to cash?
The the bull run BTC?
That is very interesting any way!
Thanks for everything you shared here!

0
0
0.000
avatar

Nice. You must surely be a great trader then to know all these tactics

0
0
0.000
avatar

Nice. You must surely
Be a great trader then to
Know all these tactics

                 - adedapo-glory


I'm a bot. I detect haiku.

0
0
0.000
avatar

Similar to Cost Averaging while buying Bitcoin, Cost average while selling Bitcoin. But not over a wide price range. Don't try to predict the exact top . Wait for conformations before selling your Bitcoin. HODL strong

0
0
0.000
avatar

Wish I can be a good trader also like you

0
0
0.000
avatar

Great answer. Timing the top is impossible. I've only done it one time and it was totally was luck.

0
0
0.000