Cashing out.
Taking profits.
Seizing the opportunity.
People call it many things, including the HODLrs who call it having weak hands.
It’s up to you how to play this game called crypto, your choice, your decision to cash
out or hodl...and that holds true all the way up into this game called life.
So are you ready to spin the life wheel with your favorite youtuber!?
That’s what I like to hear….because it’s time for Chico Crypto!!
Sooo friends all the way back in July of 2019, I made a popularCashout video for this BULLrun.
It was a simple concept….past the old all time high $20k I would begin cashing out my
portfolio in 10 percent of the total increments on the way up to 100k with each 10k climb.
Did I follow my own plan!?
Actually I didn’t….it took some time to reevaluate….but cashing out between 20k
to 40k would have been pretty dumb idea, especially with BTC above 40k again as of yesterday.
It would have been smart to follow my plan from 40k to 60k….but even then I didn’t
cash out….except for paying my TAX bill, which was a forced cashout...but that wasn’t
even near 10 percent of my portfolio.
So, now it’s time to re-evaluate!
What will be the plan now?
We have possibly according to my previous TA, Tyler Analysis, have made it out of the
great BEAR Trap of this BULL cycle….
Which was spookily spot on, May 29th this is what I said, and kept repeating..
So let’s us BEGIN!
A few days ago, I made a video about where I see the markets moving if we turn full on
bullish again titled $100k end of year.
My prediction is higher.
Let hear what I had to say as this is a great starting point for coming up with a cashout
plan.
Where you think the peak price will be
and when…
That is my personal prediction, based on my own feelings.
I am not a technical analyst, or a serious crypto trader who is on the charts 24/7.
You should look to many sources of crypto information, not just chico’s Tyler Analysis
and come up with your own personal projections...So step #1 to coming up with a winning cashout
plan?
Have projections of where you think the asset will go!
This allows you to set goals and milestones on the way up to that projection...but try
and be realistic...I don’t think 1 million per BTC is coming…..This Bullrun
So now that I have a number set…$150k and even when….around December 15th.
We can start to make cashout milestones on the way to that projected PEAK!!
So, should I begin cashing out right now?
40k the new beginning level?
Well if we are doing what I think is going to happen, and this is the end of the bear
trap... that would mean cashing out like at the bottom.
Heck no...40k isn’t happening!
What about 50k!?
Well cashing out then does seem to get really tastier….halfway to 100k, revisiting the
fabled number….but I’m actually going to HODL on out, for one more 10 thousand dollar
level….
The first time I plan to Cashout is when we revisit $60k.
This is the point of major resistance for BTC, as our last peak in April reached just
above it, while trying to break it, and failing twice before and once after…
So I’m planning my 1st cashout milestone to happen at $60k & here I will cash out 10
percent of my least liked ALTCOINs.
Some of the not so good coins, from the last cycle….in the mania phase of a RUN, all
tides are lifted, including for the shatcoins!
But what am I going to cash it out into???
And why??
I’m not going into that thing they call USD, a fiat currency.
I’m going to cash it out into a blockchain based stablecoins.
So you’re going into Tether USDT….isn’t that right Chico!?
Oh hell NO….you gotta get the assets that are breaking away from that side of things…..DeFi
based stables like Dai, USDC and more.
We will see why I said more, but Dai and USDC are the most timetested, battle-tested & liquid
stablecoins out there, who are the most furthest integrated into the world of DeFi….which
should be able to resist a major crash shock…
90 percent of my portfolio is still HODLed & 10 percent of my least liked altcoins are
into Dai ,USDC or possibly another stable asset.
Take that 10 percent stable assets, and immediately start earning yield on it through DeFi!!
Borrowing and lending platforms Compound and AAVE Layer 2’s...xdai, polygon, and the
rollups….yield farming off of your stability...you can earn a better rate, with stable DeFi assets
than a bank can give you with Fiat…
So, I’m sure some of you are like give me an example of this Chico!?
Well that part of the process is ever changing, the yield from different platforms are changing,
some having incentive programs offering higher yield...some not…..but a good place to start
is with LoanScan, which aggregates the average yield on stable assets and beyond across popular
DeFi platforms.
From here, you can look into what platforms are doing what, any incentive programs to
boost that APY?
So here is my example!
AAVE we take our stableassets here, to initially LEND to the platform.
On the v2 markets, which are on Ethereum Layer 1, as we can see the best stableassets in
terms of returns are DAI & Gemini Dollar...which both return a 2.35 percent!
But then below there is an APR for AAVE, stakedaave to be exact, there is an extra reward for
certain assets, and in terms of stablecoins Gemini has the best returns, 2.35 percent
plus an extra 4.01 percent, for an actual 6.36 return.
See, things can change...even though I would like to go into dai or USDC, gemini is the
one that is best right now on AAVE ethereum layer 1….
But there is and will be major incentive programs coming to venture into Ethereum Layer 2.
AAVE has chosen to go on Polygon and as we can see switching over there, different returns,
different, and rewards in Matic’s token...but Layer 2 is risky, as it’s unknown territory,
so be careful…
But now that you have lended to AAVE, you are now able to use their function of borrowing!!
And as you can see with AAVE, back on Layer 1...they are basically paying you to borrow
Gemini based on the rewards given in stkAAVE.
You pay a borrow rate of 3.61 percent, yet you are getting rewards of 5.54 percent.
So based on your initial lent stable collateral, you can borrow a certain amount….you take
that borrowed amount & unleash it into other platforms.
Depends on the asset you borrow, but maybe go into Curve stablecoin pools, take it to
compound to lend and then borrow some more.
Or take your stakedaave, turn it into aave, and the borrowed stablecoins and put those
assets into a DEX LP Pool, which you can then take that LP token and put it somewhere to
earn more rewards.
The choices and options will change and evolve, and you need to be on top of the ball if you
want the highest at all time returns.
I’m not going to go too deep into this episode, because that is a whole nother video, but
if you like this yield farming content, let me know down in the comments..maybe I’ll
do some more!?
So, I’m using our stability in DeFi, 10 percent of my portfolio!!
Earning some sweet yield returns….which just in case this is the TOP, a retouch of
60k, and a major crash is coming...
We now have 10 percent stable.
That is better than zero…if the unlikely happens.
The next level milestone we plan to cash out!?
Just one more move up to 70k….
10 percent of what we have left in the crypto portfolio (90 percent left), in our least
liked ALTCOINs.
The Stableassets?
Shooting for dai or USDC, but we are open to others based on yield.
Which we will do the same damn thing with putting those stable assets to work with DeFi!!
Earning yield & staying stable, which might suck if the markets keep going...but what
if they don’t, at least you have de-risked yourself, and have a good chunk 19 percent
of your portfolio, earning yield and staying stable.
81 percent of the portfolio is left, and at $80k I’m going to once again take 10 percent
of my least liked altcoins and cash them out into similar stable assets.
Take the stableassets, and utilize them in DeFi to earn yield!!
This trend continues, up 90k, 72.9 percent of my portfolio left, taking 10 percent of
my least liked ALTCOINs from that and turning it into stable assets to be used in DeFi.
At 100k, I would have about 65.6 percent of my portfolio left, and I would take 10 percent
of my least liked altcoins, that get cashed out into DeFi stable assets, to earn DeFi
yield.
At 100k, I would have over 40 percent of my portfolio cashed out, left with about 59 percent.
This will continue all the way up to $150k, at the 10k increments.
10 percent cashout of what I have left...
$110k I’ll have about 53 percent of the crypto portfolio left….120k I’ll have
about 48 percent of my portfolio left, $130k I’ll have about 43 percent left….$140k
I’ll have about 38 percent left...and then at my projected peak $150k, I will have cashed
out about 65 percent of my portfolio, and have 35 still in the game...which will be
mostly made up of Bitcoin, Ethereum, and some my favorite altcoins!!
And right here is where I’m going to stop, as I want to replay my peak prediction...I
said I’m sticking to my guns, and I said it could be going to $200k...shoot there are
even some analysts saying BTC could go $300k.
Well if that’s the case at least 35 percent of my portfolio is still in the GAME!
So my next cash out video??
Maybe in a month, maybe in 2...maybe when BTC is at 100k?
Because the markets change, everything changes and I need to re-evaluate on a more consistent
basis...Cheers I’ll see you next time!