I'm in the same mode. Build BTC and hodl. Use other assets to build more BTC. I've got a couple other long-term holds that I'm staking for interest. I already consolidated some alts that tripled into btc. I still have a couple more I'm waiting on. And then I have my Hive portfolio. The goal is to keep building this and, as you say, build some passive income streams, and then use those to keep building the btc base. I see btc at $1M in the next 5 years. If I can keep buidling the base now, then I'm hoping 5 years will be enough. We'll see....
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Glad I'm not the only one who is building this streams to BTC! I think that it makes earning more fun, earning fiat for my work instead of getting a pittance of interest I can now save and find new streams and the rest goes into BTC
I also think it will be around 500k a coin so I'm also consolidating but only the interest at the moment! And waiting to see how my speculative plays work out in this year before I cut my losses or take my profits into BTC!
I would like to pull out my principle into a stable coin and then get interest on that while I wait for the correction to play out
But while the good times are rolling we got to ride this tide! These cycles make or break fortunes
I'm not convinced there's going to BE a "bear" market this time around. It really depends on how high bitcoin goes and what the parabolic curve looks like at the end. If it just keeps making these little jumps and then consolidating I don't think we'll see the 80% correction. There's just so much money still sitting on the sidelines that I think will use major dips to accumulate. Of course, if it goes parabolic to $300k or something then I could see 60-70% but....it will be interesting, that's for sure.
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I wouldn't mind if you were right and it's a possiblity but I would like to plan for the possible correction and make sure I'm covered and have a plan for both outcomes so I can get the best out of either way it goes
Absolutely. A plan is definitely called for. I'm staying all in until things start to look dicey. I've built up my HODL stake and now I'm trying to add to it. I'll probably take those additions and try to trade with them somewhat. We'll see. Hard to make too firm a plan in crypto. Everything could change in a day. lol
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Totally lol no firm plans but more plstrategies for different times! I call it preparing for crypto weather.
If I overly previous bull runs we’re about 45% of the way to the top but it can also over correct way higher but I’m not greedy as soon as exchange traded volume picks up and amount of 2 year HODL coins drop below the historical rate then you know it’s time to start making some exit plays