This is starting to feel like 2020 again with these 10% moves in either direction per day.
My plan is not advice, but here is what I am doing:
From what I have seen, alts generally rise significantly faster than BTC, and then FALL ON THEIR FACE in a span of about 3 days and then give up while BTC shows us the good stuff. I hold a lot of alts due to the fact that I mine them for heat and fun. I plan on selling 80% of my alts if they go parabolic, probably in chunks as it runs. If I miss the top I don't care, there is no way I am going to try and time this. I am just going to sell when things get crazy. I tried to hold in the last run and ended up just holding while it all crashed down 90%. RVN, VET, I watched the both shoot up to over $0.20 and then ended up selling (I had to, I didn't want to) when it was at $0.02. That was stupid of me. If I had been selling during the ride at like $0.10 up to $0.15 I would be so much better off, and who cares that I missed the big $0.28 numbers.
I will hold 20% or so of each alt no matter what. Who knows what the future holds, and keeping a small bit in my account is fine. Imagine if all the guys who sold their BTC when I smashed through $10 the first time had kept 20% of their stack in their wallet to never touch.
Long term plan is to cash out like 40% of my holdings into the almighty paper infinitely printable money, hopefully be able to turn it into some bricks and mortar down in Mexico for a straight swap. the other 40% I want to move into BTC when it crashes and everyone is losing their shit in 2025/2026, and hold that and pass it to my grandchildren when they are 30 (my kids at 4 and 6 at the moment lol). The other 20% or so I will keep in whatever retarded alt that I currently hold for giggles.
Through 2016-2022ish I minded a retarded amount of Ethereum (for me), but never held a stable job so ended up selling it all for living expenses while living in Mexico. This time around I am doing significantly better on the living side, so 100% of my crypto is essentially something I can play with if I want to. I will need to sell zero of it out of need. If I was in this position in the past I would have well over a million dollars in crypto right now. Instead I hold peanuts, but I was able to stay home with my kids while they were babies and travel all over Mexico for quite a while.
As far as the hardware front goes. As the temperatures drop I am turning computers on to provide heat and fun. They are currently essentially break even as far as coin generation value goes at the moment, but as per the strategy above, I am not selling now anyways, so I might as well get some heat out of the machines. If mining ever gets as lucrative as it did for the 2020 run, hardware is going to do a 2-3x from here. Selling that is cash sales. I am going to cash out close to 100% of my equipment, and hold a minimum of 50% of that cash to then buy back into equipment in 2026ish and get way newer stuff for rock-bottom-panic prices. I always want to keep some on hand to run as heaters. It is fun, and potentially very rewarding.
That is what I am going to be doing. I highly suggest that no one else follow this because I am pretty sure nothing is going to work out as planned.
