In his new video BitBoy reveals a crypto cash-out strategy that will help you to hold on to your gains and keep all your profits by selling your crypto at the right time.
You might be wondering when to sell your crypto. From the experienced traders to newbies alike, the missing the top fear that supersedes all. In 2017, people like podcaster Peter McCormack went from $32,000 to $1.2 million, but lost everything in 2018. It’s a story all too familiar in Crypto.
Ben says the amount to take out depends on current position, and you should have a weekly or monthly dollar cost average exit strategy. He says people in the life changing zone should start taking small percentages out on a weekly base.
Ben’s personal strategy is to keep all his alt coins until Bitcoin hits what he will consider to be the top and will then spend the month exiting one altcoin after the other right after they go parabolic. He says he is currently exiting Bitcoin by taking 1% profit per day, he will increase to 2% per day when summer hits in June, 3% in July, 4% in August and most of his Bitcoins by September [his peak prediction]. He expect Bitcoin to go up over 300% in the final four weeks.
Ben added he will keep 25% of his net worth in Bitcoin, Ethereum, Polkadot, Chainlink and Cardano in case of a super cycle scenario. He said this is to make massive gains, even if he is wrong about the bull market cycle coming to and end and Bitcoin goes even more parabolic, even though it is unlikely.
Ben also said he will be moving another 25% of his net worth into stable coins, stellar lumens USDC to be precise, to buy back in at a lower price range in the bear market.
Hypothetically, selling 4 Bitcoins for $200,000 each at the peak market is $800,000 in USDC. Buying Bitcoin back when it drops back down to $40,000 means you will have 20 Bitcoins. Selling Bitcoin at $1,000,000 each in another bull cycle [possibly 2025] which lines up historically means you have successfully turned $800,000 into $20,000,000.
Maximizing your crypto during the bear market with stable coins is the biggest way to change your life forever. Ben says the remaining 50% of his net worth will be invested in ‘Stonks’ and Real Estate.
This episode premiered on March 11th, 2021.