I’d also would love to hear everyone’s thoughts on cashing out /parking our portfolio this winter. I’m thinking of selling 50-80% and now parking it into DAI. THANK YOU SL for looking out for us!!!
2021-08-23 07:38:46 +0000 UTC
Will be really interesting to see what DGB does when BTC hit 120K in november (if that is the case)
Thanks for the DAI tip, a few years ago we where already talking in Sharon Michelles Patreon group what the best way was to park our gains. Spirit mention DAI then as well (also TUSD) as a safe option. And we knew Tether was always a risk, Sharon said it, Michelle W and now your guides as well. Seems like Spirit is on the same page with this one.
Maybe personal question SL, when we expect BTC to drop 60% in the november/december timeframe. How much % are you personally thinking of parking your gains into DAI or other stablecoins, or just money USD$ or €euro?
Meaning how much % would you sell of your total crypto portfolio? 25%, 50%, 75%, 80%?
Personally I am high risk tolerant, just curious what you are planning to do.
2021-08-22 21:41:55 +0000 UTC
Why cash out at the end of the year? What's the prediction?
2021-08-22 14:40:23 +0000 UTC
I also hold USDC.
2021-08-22 14:00:55 +0000 UTC
Take note that some of the big exchanges don't have USDT.. Coinbase etc. That is telling.
2021-08-22 13:43:23 +0000 UTC
SL do you think USDC ok too for cash outs or just DAI? Thanks a lot 🙏
2021-08-22 09:07:27 +0000 UTC
Here is the white paper on DAI stablecoin,soft pegged to $1 (MakerDao)
https://makerdao.com/whitepaper/White%20Paper%20-The%20Maker%20Protocol_%20MakerDAO’s%20Multi-Collateral%20Dai%20(MCD)%20System-FINAL-%20021720.pdf
2021-08-22 06:56:42 +0000 UTC
Where to get DAI ?
2021-08-22 06:15:37 +0000 UTC
Good to know. I’ll check Dai out.
2021-08-22 02:23:59 +0000 UTC
USDC is a solid stable coin as far as I have seen. It’s on Coinbase. Lends it some legitimacy I think. That’s the one I like to use.
2021-08-22 02:23:13 +0000 UTC
SL, thank you for the confirmation. My Guides have always been telling me to cash out to decentralized DAI and no other stable coin because all others are centralized with suspect collateral and can be locked (blacklisted) or prevented from transfering, which in effect, renders your private key useless. 🙏
2021-08-21 21:45:47 +0000 UTC
What about USDC . I have heard USDC is also ok. is it safe to cash out in . Please advise..
