MultiversX Tracker is Live!

What is your strategy

Bitcoin Reddit

More / Bitcoin Reddit 92 Views

Let's say you have some amount of Bitcoins in your hardware wallet. And, let's say late 2025 we'll have a bull run. So you'll probably never hit ATH moment but you are satisfied with the current price at that moment and you want to sell some coins.

So you start sending small amounts to your favourite exchange and sell coins as time goes by. You repeat this step until you have sold desired amount of coins. Let's say you get the twice of the amount you used to buy your coins.

Now, plan is to keep this money for some time as you believe the price will drop (4 year cycle). Then again buy more Bitcoins and increase your portfolio - amount of Bitcoins.

Questions: 1. When you sell your coins, will you keep fiat on exchange or use stable coins which you will move back to your hardware wallet? If so, which stable coins will you use?

  1. If you sold your Bitcoins for fiat and decide to move your money from the exchange which method would you use? Credit card (and which one) or bank transfer?

  2. Let's say you are KYC verified, but still exchange may hold your coins or fiat? What are your options?

  3. How would you decide which exchange to use? Would you consider amount of coins available on exchange, retupation, rumors or something else?

  4. Would you use exchange at all?

Sorry for the long post, but would like to hear your strategy. This is not an ideal world we are living and many things could go wrong.

What's your strategy for increasing your portfolio other than buy more coins from time to time? Let's say you can only use whatever you have in your portfolio.

Edit: This is NOT financial advice.

submitted by /u/simke80
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments