Post
Topic
Board Bitcoin Discussion
Re: Do you have a Bitcoin exit strategy?
by
eminan
on 13/03/2021, 11:37:30 UTC
So I got heavily into altcoins (more than half of my portfolio), but I'm planning on selling most of my holdings in them (except Ethereum of which I'll keep a majority) and hodling most of by Bitcoin through the bear market. I'll use the profits from the alts and to slowly accumulate BTC for the next bull run.

I know the capital gains taxes will suck but I think this is the best thing to do considering the strategy I used. I didn't plan to get so into the alts but it was just so exciting that I went overboard. The alts I picked we're mostly top 100 coins so it wasn't too risky.

Now I'm just debating how much of the alts profits to put back into Bitcoin and how much to convert to stablecoins.

Anybody else take this route before?