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re: Official CryptoTalk Thread
Posted on 2/28/24 at 12:04 pm to Lawyers_Guns_Money
Posted on 2/28/24 at 12:04 pm to Lawyers_Guns_Money
quote:
What's everyone's plan then?
It depends on the coin, but it's generally selling 10% of certain stacks at price points up until I'm 80% sold. 20% will remain in the market, and 33% of the profits (after taxes) sit in cash until large dips. TBD if the 4 year cycle is broken or not, so who knows if we see any very large dips.
I'm no longer in DCA-in mode. I'm in ladder-out mode. For example, I'm starting to ladder out of ETH at $4k, then every $2k after that all the way up to $18k. Do I think it goes to $18k this cycle? Eh, it's a long shot, but if it does, then my family will be in a good spot with no debt, a much needed addition on our house, and some money for the kids' education. Will I be rich? No. Will I be happy? Yes.
1
Posted on 2/28/24 at 12:37 pm to BottomlandBrew
quote:
I'm no longer in DCA-in mode. I'm in ladder-out mode. For example, I'm starting to ladder out of ETH at $4k, then every $2k after that all the way up to $18k. Do I think it goes to $18k this cycle? Eh, it's a long shot, but if it does, then my family will be in a good spot with no debt, a much needed addition on our house, and some money for the kids' education. Will I be rich? No. Will I be happy? Yes.
I have similar plans. If I have to forego the Lambo for a GT3 so be it
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