Why I Sold My Doge and Solana—And What’s Next

in #doge4 days ago

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I sold all my dog money, also most of my Solana. It's good to know when to take profit, imo. Sure, I still think Sol might go to $800 or more and Doge to $2, but I would rather sell and reinvest like 20% of all the gains in other coins that did not pump yet, with way smaller caps, and keep the rest of the profits in stables, just in case. The final result might be the same, and I got some assurance that if things went south, I'm still rocking. I still got like 12 Solana coins that I think I will keep for now. The last two weeks, I've been buying like crazy—various things, smaller caps—and I redeployed like 40% of what I sold when this correction started. I sold like $2k, and I already redeployed $500. When the bear begins, I think I will transfer stables to own wallets too. I wonder what would be the most secure network to keep my Tether and USDC on. When I think Sol and Ethereum, I don’t feel secure, neither Polygon. Hmmm. I wouldn’t mind transferring them already out of exchanges, except the legal situation of commodity-pegged tokens from a tax perspective is unclear here, I heard. I will buy physical gold after the bull market though, paying tax first from what I take out. On the other hand, if I buy in a non-KYC way, I doubt anyone will be tracking wallets here to check what people have. It would require a whole system.

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