Exit plan to stable coin, wen, how,?

[Anonymous No.17017012]

Fellow biz gents, need help. Me dumb.
Need an exit plan.

Been in crypto since 2016, got burned in 2017 and 2018, learned my lessons. Hodl, specially with altcoins is not worth it. Better sell when it gets euphoric at regular intervals, say when we double past ath in btc or whatever your personal metric is, and buy again after a few years, in order to maximize your stash.

Been doing great lately with me linkies, stinkies and whatnot. Have confidence m8.

I don't wanna cash out into my bank account because reasons... I'd prefer a stable coin, don't need the money right now, want to keep making it grow for 10 years or whatever, but then again, tether is not audited by external entities, and binance does whatever it wants.

My objective is cashing out if my portfolio reaches 500k usd or more during the bullrun. If it's like last time, it won't be a period longer than 10 days.

Prerogative:
- Be able to cash out 500k usd in a stable coin that can survive in a wallet for which I own the keys, in order to rebuy btc down the road in a 2, 3, or maybe 4 year period, before the next halvening.

Currently I'm looking at DAI and SAI, using uniswap, but liquidity may not be all that good when I need it wihout much slipage. Also SAI is said to be ultimately not at all decesntralized as some guy of the foundation has a multisig account with all privileges.

Ultimately I may be forced to use USDT if DAI doesn't have enough liquidity.

Do you have an exit plan?

[Anonymous No.17017050]

maybe leverage at 1x on the bitmex casino

[Anonymous No.17017074]

>>17017012
Been out for awhile now. Some is in DAI, some is in USDT. Pax Gold looks interesting as it's backed by actual gold. I'm curious how it will go.

I'm looking at places like Nexo to hold on to my stablecoins as a bank account. Small gains are still gains.

[Anonymous No.17018170]

>>17017012
>Currently I'm looking at DAI and SAI, using uniswap,
Forget SAI. That is the "old" version of DAI. It is decentralized, but also deprecated. Just use DAI.
>Do you have an exit plan?
Exit to ETH and live off of staking revenue.

[Anonymous No.17018196]

>>17017012
I dont have an exit plan, because that sounds autistic as fuck, just excercise common sense. No more than 25% of your net worth in a single wallet, slow safe cashout from tether to usd during best markets. If you need it quick I've bought on local Bitcoin before, so I'm sure you can find a way to sell for cash.

[Anonymous No.17018216]

>>17017012
IMO, USDT is a ticking time bomb. It's not backed by USD 1:1. Even it's founder said so.
https://beincrypto.com/tether-co-founder-it-doesnt-really-matter-if-usdt-backed-by-equal-amount-of-dollars/

[Anonymous No.17018394]

To get interest on your stablecoins use dapps like aave or linen instead of centralized shit like nexo or crypto.com