{"id":7879,"date":"2019-07-07T12:39:41","date_gmt":"2019-07-07T20:39:41","guid":{"rendered":"http:\/\/privacyfight.io\/?p=7879"},"modified":"2021-08-25T07:20:36","modified_gmt":"2021-08-25T11:20:36","slug":"taking-short-term-crypto-profits","status":"publish","type":"post","link":"https:\/\/privacyfight.io\/taking-short-term-crypto-profits\/","title":{"rendered":"Taking Short-Term Crypto Profits"},"content":{"rendered":"\t\t
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Taking Short-Term Crypto Profits<\/b><\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Many Of Us Are Anticipating Substantial Windfalls On This Next Crypto-Rally Near August And September, And We Have A Need To Take Short Term Profits, But Not With $20,000. Many Of Us Need A Way To Manage $10,000,000 Or More. It\u2019s Easy Enough To Go Into A Stable Coin, But The Adage Of Never Put All Your Eggs In One Basket<\/em> Is Foretelling. I\u2019ve Described A Few Options Here, Many Of Which I\u2019ve Used Over The Years For Different Reasons, Basically To Move Large Amounts Of Money And Valuables Between Jurisdictions.<\/p>

However, If You Want To Source Hundreds Of Thousands Of Bitcoins, Or The Equivalent, In Currency, Precious Metals Or Even Loose Diamonds, Or Move From Your Large Currency Position Into Another Other Asset, And Move Money Across Different Jurisdictions, I Do Have A Turn-Key Solution And It\u2019s Time Tested, Insured By The World\u2019s Largest Re-Insurers, Including Tier 1 Escrow, Allocated Vaults, Multi-Currency Accounts And Insurance For Your Crypto-Currency Holdings. Simply Send An Email To Singletonpress@Protonmail.Com And In The Subject Line Include The Phrase \u201cSpecial Treatment\u201d. Do Not Include Financial Information, But Maybe A General Description Of What You Need.<\/p>

How Can We Temporarily Take Profits For The Short Term And Get Back Into Our Crypto-Graphic Assets, Without Pooling All Of Our Windfall Into One Place While Staying Liquid Enough To Get Back In Quickly? You Want To Stay Liquid But Get Out Of Your Crypto-Assets While The Price Drops, And Then Quickly Buy Back In As The Price Continues To Rise. You Want To Avoid Having Your Money Frozen And Being Accused Of Money Laundering Or Something Similar.<\/p>

The Biggest Risk In These Situations Is The Government And Banking Institutions. There Has Always Been A Hidden Motive To Prevent People Like Us, Who Are Not \u201cIn The Club\u201d With The Elite, From Consolidating Substantial Capital. Now With The Onerous Anti-Money Laundering And Terrorist Laws And Policies, It\u2019s Just Easy Enough For Any Bank To Seize Your Money And Impose Conditions On You To Prove Its Origin Before Gaining Access Again. The Banks And Regulators Actually Have A Profit Motive For This. How Then Do We Stay Liquid While Avoiding Falling Crypto Prices And Keeping Our Short-Term Profits, So We Can Get Back Into The Assets As The Prices Begin To Rise Again?<\/p>

The Criteria Include Moving Into A Stable Coin, One Or More, With A Secured Exchange, Application Or Other Device. The Strategy May Also Include Getting Into Cash, Preferably Away From Any Financial Institution, But You Should Be Okay Using A Financial Institution As I\u2019ll Explain. And Moving Your Crypto Value Into Precious Metals, Most Practically In Vault Services That Deal In Crypto-Currency Themselves. We Have Several Options. Keep In Mind That You Want To Move From Cryptos Into Something That Is Liquid, And That Is Not Manipulated Anywhere Near A 1:1 Ratio As Your Crypto-Coins May Be, It\u2019s A Tricky Process To Navigate.<\/p>

The \u201cStable Coin\u201d<\/strong><\/p>

There Are Several Strategies, Most Involve Using A Reliable Stable Coin, A Crypto-Currency Pegged To Fiat. The Top Three Are Mentioned Here, But Keep In Mind, The Strategy Is To Avoid Volatility While Retaining Liquidity. This Can Be Done With Cash, Precious Metals, Commodities And Stable Coins.<\/p>

Stable Coins Are One Way To Take Profits Without Going Into Your Fiat Currency, And Stay Liquid For The Purpose Of Buying Back Into Cryptos When There Are Substantial Price Drops. This Also Allows You To Avoid Any Financial Institution. Here Are The Three Most Reliable Stable Coins In The Crypto World.<\/p>

TrueUSD (TUSD) Is Likely The Most Reliable \u201cStable Coin\u201d. TrueUSD Provides Its Token Holders Regular Attestations Of Escrowed Balances, Full Collateral, And Also The Legal Protection Against Misappropriating Underlying USD. It Is Regulated And Independent Of The Exchange Marketplace While Backed (Exchangeable) 1 To 1 With U.S. Dollars Issued By Trust Token. Unlike USDT, TrueUSD (TrustToken.Com) Does Not Hide Anything From Users. It\u2019s Bank Account Holding Proofs Is Published Each Month. All Funds Equivalent To TUSD Are Stored In Professional Trust Firms\u2019 Banks. In Addition, TrueUSD Never Touches Those Funds. Another Good Thing Is That Users Can Directly Exchange TUSD With USD Without Even Using Any Exchange. It Only Requires Your Typical \u201cKnow Your Customer \/ Anti-Money Laundering\u201d Disclosures.<\/p>

The Purchase And Redemption Process Is Completely Handled By TrustToken Smart Contract, In Case You Are Not Using Any Exchange Service. Many People Believe That TUSD Is Far Better Than Tether In Terms Of Safety And Legal Protection. You Can Decide For Yourself, But These Are The Recommended Exchanges For TrueUSD: Bittrex, Binance, Huobi, Okex, Kucoin And Cryptopia.<\/p>

The Second Recommendation For A Stable Coin Is The GEMINI Dollar. \u201cGUSD\u201d As It\u2019s Abbreviated, Is Another Trusted Stable Coin Issued By Gemini Trust Company, LLC, A New York Trust Company. Gemini Dollars, Equivalent To U.S. Dollars Are At State Street Bank And Trust Company. Proof Of Funds In Banks Account Are Examined By BPM, LLP, A Registered Public Accounting Firm, In Order To Verify The 1:1 Peg. GUSD Is The Safest Coin As It Comes Under U.S. Regulators. I Don\u2019t Trust Any Regulators, But At Least We Have A Good Idea Of The Organizations And People With Whom We Are Dealing. These Are The Preferred (Most Popular) Exchanges: Okex, Okcoin, DigiFinex, And BitForex<\/p>

A Third Stable Coin That Is Recommended Includes USDC. It Is A Regulated Stable Coin Backed By The U.S. Dollar. All USDC Are Issued By Circle Internet Financial Limited. The USDC Equivalent U.S. Dollar Is Deposited With Its Accredited Bank Partners Account After That It Issues The Tokens For Circulation. This Is An ERC-20 Token, And The Token Can Be Stored On A Trust Wallet, Ledger, BitFi (Https:\/\/Www.Aceofcoins.Com\/<\/a>Crypto<\/a>-Asset-Portfolio-Manager\/<\/a>) Or Other Hardware Wallet. Recommended Exchanges Include: Poloneix, OKEX, DigiFinex, CoinEX, And Kucoin.<\/p>

There Are More Stable Coins Available In The Market But Those Are Not Very Popular And Listed In Only A Few Exchanges That Are Not Trusted As Well As Having Very Low Volume. Currently, USDT Is The Only Stable Coin Which Listed In Almost All Crypto-Currency Exchanges In The World. But, Due To The Recent Crash Of USDT, It\u2019s Not As Trust Worthy As The Three I\u2019ve Mentioned.<\/p>

Precious Metal Vaults<\/strong><\/p>

Moving Between Any Money And Precious Metals Does Not Always Give You The Liquidity You Might Require, Except That Some Very Reliable Vault Services And Exchanges Implement The Use Of Cryptos With The Vault Storage Of Precious Metals. You Need To Be Able To Buy And Sell With At Least One Reliable Crypto-Coin, And Have Your Holdings Stored In A Vault That Can Be Sold Any Time Via Your Crypto-Coin.<\/p>

Uphold.Com<\/strong><\/p>

Use Uphold To Store Your Cash In 23 Different Currencies, Any Of Four Precious Metals (Gold, Silver, Palladium And Platinum) And Two Of The Stable Coins. You Can Link Your Wallet To Your Bank Account Or Debit Card. This Service Includes Instant Conversion And Seamless Exchange Between Major Digital And Fiat Currencies. Transact With Any Wallet On Seven Crypto Networks.<\/p>

Bullionstar.Com<\/strong><\/p>

The Most Important Aspect Of Buying Precious Metals To Get Out Of Crypto-Currencies, Is That The Metals Must Be Stored In The Custody Of The Exchange In Order To Have The Liquidity Needed, And You Should Be Able To Exchange Back Into Your Crypto-Currency Just As Easily.<\/p>

Keep Both Cash And Bullion On Your Account! This Enables You To Trade In And Out Of Positions At Your Convenience.<\/p>

As A BullionStar Account Holder, You Are Able To Keep Funds On Your BullionStar Account In Singapore Dollars, US Dollars And Euros. Funds On Your BullionStar Account Can Be Used Towards Purchases Of Bullion Or Be Withdrawn Anytime.<\/p>

Bitcoin Holders Who Are Thinking Of Diversifying Or Taking Some Profits On Their Bitcoin Positions May Be Interested To Know That In Addition To Transacting In US Dollars, Singapore Dollars, And Euros, BullionStar Also Accepts Bitcoin As A Payment Option For Its Precious Metals Products, And Has Done So Since May 2014.<\/p>

Using The BullionStar Website, Customers Can Quickly And Efficiently Purchase Gold Bars And Gold Coins, As Well As Silver Bars And Silver Coins Using Bitcoin. Customers Can Also Sell Gold And Sell Silver To BullionStar And Receive Settlement Proceeds In Bitcoin.<\/p>

The Maximum Transaction Size For A Purchase Order Using Bitcoin Is Currently Set By BullionStar At BTC 200 Per Transaction. There Is No Minimum Transaction Size For A Purchase Order Using Bitcoin. For Sell Orders That Settle In Bitcoin, The Standard Maximum Transaction Size Is Currently 30 BTC Per Transaction, But This Can Be Higher Upon Discussion With BullionStar.<\/p>

Vaultoro (<\/strong>Https:\/\/Www.Vaultoro.Com\/<\/a>)<\/strong><\/p>

Vaultoro Is Another Platform For Purchasing Gold With Bitcoin (And Vice-Versa) Effectively And Within Seconds. The Beauty Of The Vaultoro Platform Is That It Gives Investors The Power To Instantly Exchange Between Two Of The World\u2019s Most Popular Alternative Assets, Which Can Protect You Against Inflation And Volatility. Watch These Introductory Videos About Using Vaultoro, Http:\/\/Press.Vaultoro.Com\/Videos<\/a><\/p>

Cash \/ Currency<\/strong><\/p>

While You Can Store Cash (Fiat) At BullionStar And Uphold, Caleb & Brown In Australia Has Additional Solutions.<\/p>

Caleb & Brown<\/strong><\/p>

This Australian Firm Provides The Best Of Both Worlds. This Is Not A Banking Institution But It Can Store Your Cash And Crypto-Graphic Currency And It Does Provide Services Much Like A Brokerage Firm. I Like This Very Much, Especially For U.S. Citizens, Because There Is No Reporting Obligation For Caleb & Brown Nor For U.S. Citizens On Form 5471 For The Reason That Clients Are Not Account Holders At Any Financial Institution And Have No Interest In Any Foreign Corporation, And There Is No Duty To Report On Their Investment Activities. It Leaves All Reporting, If There Is To Be Any, In The Hands Of The Client. You Can Establish A Personal Or Business (E.G. LLC) Account With Caleb & Brown, And It\u2019s Not A Bank Account, And It\u2019s Not Ownership In Any Foreign Corporation, Nor Are You A Signer On A Foreign Account. https:\/\/www.calebandbrown.com\/<\/a><\/p>

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