How to play the bear market
Now, if you agree to call the cows home, what is a good way to do that? Well, if you have not been taking enough exits on the way up, like me mr. laser eyes expecting a 96-200k per pop here is what to do.
In general you could plan to exit 10-15% of portfolio at the following ranges and buy back, not in the next one but the one/two after.
51.3k (49-52.5)
47.3k (46-49k)
43.2k (42-44.5k)
37.5k (36-39k)
30.1 (29-31)
20.8 (19.5-22k)
9k (8.5-12k) -adjusted up due to narrowing price range with wider adoption
Take your dollars, pay your taxes, buy back into crypto. Establish that tax basis and cover taxes by the bounces to the extent possible. If in US avoid owing more taxes than your wealth.
There is still a 30% chance the bull trend may pick back up, so keep crypto exposure to X percent of your choice - for the case of these examples I selected 30%
*Strategy 1* (based on 30% crypto exposure and 70% for exit)
sell 70% @ 51.3k or 47.3k or at the best price you found
buy 70 % back in at 30k sell at 37 pay prior and recent taxes keep proceeds to buy back in at 20 and 12k
*Strategy 2*
sell 70% @ 51.3k or 47.3k or the best price you found
pay taxes wait for 30k to buy back in
buy BTC with remaining proceeds HODL
*Strategy 3?*
sell 70% @ 51.3k or 47.3k or the best price you found
pay taxes
wait to buy 35% at 30k
20% at 20k
15% at 12k
When 'waiting' remember to lock for passive yield gen 2/3s of which will still be yours to keep.
In general you could plan to exit 10-15% of portfolio at the following ranges and buy back, not in the next one but the one/two after.
51.3k (49-52.5)
47.3k (46-49k)
43.2k (42-44.5k)
37.5k (36-39k)
30.1 (29-31)
20.8 (19.5-22k)
9k (8.5-12k) -adjusted up due to narrowing price range with wider adoption
Take your dollars, pay your taxes, buy back into crypto. Establish that tax basis and cover taxes by the bounces to the extent possible. If in US avoid owing more taxes than your wealth.
There is still a 30% chance the bull trend may pick back up, so keep crypto exposure to X percent of your choice - for the case of these examples I selected 30%
*Strategy 1* (based on 30% crypto exposure and 70% for exit)
sell 70% @ 51.3k or 47.3k or at the best price you found
buy 70 % back in at 30k sell at 37 pay prior and recent taxes keep proceeds to buy back in at 20 and 12k
*Strategy 2*
sell 70% @ 51.3k or 47.3k or the best price you found
pay taxes wait for 30k to buy back in
buy BTC with remaining proceeds HODL
*Strategy 3?*
sell 70% @ 51.3k or 47.3k or the best price you found
pay taxes
wait to buy 35% at 30k
20% at 20k
15% at 12k
When 'waiting' remember to lock for passive yield gen 2/3s of which will still be yours to keep.
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