I’ve shifted it all to stablecoins after hitting my targets, this time around

Cryptocurrency News and Public Mining Pools

I’ve shifted it all to stablecoins after hitting my targets, this time around

Ok so I aped in back in 2020-2021, was up 20-30%, and proceeded to watch it all burn down. I was so mad I didn't take any profits, I promised I wouldn't let it happen again. I proceeded to diamond-hands it for the next couple of years through the winter. Back in December, I saw that nice peak for BTC and ETH and tried to unload, but realised I hadn't verified my offramp, and got stuck holding the bag. Again! This time I got it all setup, verified, and ready to rock. Set my sell targets (just 3-4 of them, keep it simple) and watched the sales stack up. As of last week, I'm completely liquid. Moved it all to USDC earning 4+% on Coinbase. It's not my fave platform, but there's no stable coin staking on Trezor so it works for now. I won't be surprised if this market correction reverses and we see new ATHs, but right now I'm sitting on 40% profit and feel amazing about it. I'm off the rollercoaster for a bit.

Summary: Set your targets, and STICK TO THEM. If you're looking to cash out, VERIFY YOUR OFFRAMP. And if you're moving funds around, ALWAYS DO A TEST TRANSACTION. Nobody knows shit about fuck, including me, but having a plan is better than winging it. Good luck out there.

submitted by /u/russbird
[link] [comments]