Let's talk exit strategies

Red is 15% above 200 week ma

I might try selling if it's an obvious top, then buy back low for permanent staking. A bit risky though.

are you able to roughly estimate what price the next "red zone" will be at?

this provides you all the info you need to know about when we're reaching overextended territory
youtube.com/watch?v=ix0S53LVYUc

Less risky than staking IMO. People talk about "I can't wait for X coin to get to Y price because then I'd make Z $/yr staking". But this ignores the fact that tops are always extremely transient wicks followed by massive crashes. Staking requires a decent average value over time, so it's never ever going to play out in that sort of idealistic moonboy scenario.

That's why I'm personally not staking until after the bull market is over. But I'm glad staking (whether for ETH or whatever else) exists, because I know others won't make this assessment; they'll buy up coins and drive up the price FOMOing in order to stake, as well as having their shit locked up, causing further price spikes. But I want my crypto LIQUID so I can capitalize on it.

based, this is the only "TA" guy I put any worth in. All the other ones are complete memelords doing astrologic pseudo-science, looking at constellation patterns in the candle charts.

I'm 23, starting British medical school in a few months and holding 5 BTC and 10 BCH. If it hits £75k I'm cashing out, whether I go back in or buy a house in cash is undecided at the moment.

Even if it goes to £500k per coin I don't plan on retiring although I can see myself doing a lot of interesting but shit paying jobs e.g. work in developing countries, resort work, working on a ship. Regardless of what happens with bitcoin I aim to save £40k a year into my pension from working as a doctor which should give me a net worth adjusted for inflation of £3-£4 mil mil at 65 years old.

If I have kids they'll never have to work assuming I can marry a similarly wealthy woman, if I don't I can live it up, although to be honest it's so far away I can't picture at all what will happen.

Also if you're exclusively relying on bitcoin to "make it" you're an absolute idiot.

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Never selling means never selling.

1. Passive income which increases with token price. Selling this = dividends.
2. Never worry about losing your stack.
3. Your stack still has highest value possible, as long as the price remains high and you don't sell.
4. Over time, as price increases for token, you can reinvest in stocks/crypto/401k if you choose once your cost of living is covered.
5. Enjoy.

As soon as I have enough, cashing out of everything high risk and buying income property.

have fun chasing tenants for rent

>I need 500k saved and pension contributions of more than the median gross household income before I can volunteer
Yeah I'll see you on harley street mate

If you think Chainlink will remain volatile once it has actual institutional adoption you're delusional. The reason crypto is volatile is because it's speculative, once it's actually used (which is when staking would be worth it) there's nothing to worry about.

Hold for at least a year. See what happens over that year. Think about it, then put in limit sales if you do want to draw down your position

I agree with that and it doesn't contradict anything I said. But that's all far down the road. It will continue being a speculative asset for some time into the future. My whole point is that staking is a terrible idea WHILE VOLATILITY is high. I specifically talked about this. Once volatility goes down? Sure, I agree. But that's a far cry from all the people who are clamoring to stake link/eth2.0/etc as soon as it's available.

I'm 100% down for staking in the long-term future. Just not the near-future.

My bitcoin plan is pretty solid/decided, it's eth that I'm unsure about

stock to flow model would put it at around 145k. Then you should see an irrational pump to over $250k before bottoming out around $55k a few months later. We should be bottomed out by June 2022.

These are all rough numbers, they're dependent on the stock to flow model holding up, (which has to start to fail eventually) as well as USD inflation rate staying under 5%, and the biggest number is the most tenuous as its dependent on crowd psychology working like it has in the past couple runs, which could turn out to be total bunk even of the S2F model holds up due to a number of factors (retail experience with previous runs, broader economic conditions, broader sentiment towards speculation, etc...)

All that said, I would be suprised if we don't break $100k before 2022.

selling is a meme for poor people. if you need cash, get a collateralized loan and hedge with a futures short.

UK fag here.

Can i not just use coinbase pro and dump my EURO wallet and get it back in fiat?

Im not bothered about paying 0.5-1% fees on something ive made 1000x gains on

Finally an interesting thread on Zig Forums

I’ve been DCAing into BTC and have a bit over 1 Bitcoin. I’m up 50% overall now. Once we hit 60k I’ll start selling BTC at a constant rate with a 6 month timeline until I have 1 BTC left.

This. Just wait. In 5 years you will be able to pay for anything with Bitcorns, or Link tokens, or Ripple or etc....

Food for thought. If you put your BTC up for collateral on a loan, and BTC price goes up, you profit doubly

Hi tiny wagis , let me explain you what will happen in short.

1# Central bank push the global market massiv truh cash.

2# Most assets rises , stock, crypto new ATH
Even dumb Investors earn and crypto Investors will earn massiv.
Wagis who dont invest in that phase are dumb

3# Fiat dies caused by 2nd wave, many small - midterm companies go bankrupt. Centralbank cant hold up. Most Crypts become worthless
You lose all

4# everyone get's a new digital currency that can only spent on a certain timeframe every month

Get out as soon as possible 2021 or you lose all your gains

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