If you need your crypto as cash in the next 12 months, I offer a suggestion of selling during this bear rally.

Today we are having an expected bounce in crypto. In my last video, I shared how I expected the total market cap to reach 75 bil. After some things I have seen since then, I personally believe it will go lower. While I do not think it is guaranteed to go lower than the 75 bil, if I had to put odds to it, I would give better than 50/50 we go down to maybe something like 50 bil.

Coins affected the most

In this decline, I do not expect all coins to be treated equally. I think bitcoin will be able to hold at about 2k, it may be challenging if we dip the full amount I am expecting, but suffice it to say, if the market declines 50% from here, I would expect bitcoin to decline less than 50%. 20% perhaps. Other coins during this period may increase even, against the market trend, but these are the exceptions. I would suggest Dash is a possible candidate to do this.

Valuation often does not matter in a bear market

When a bear market sets in, and we are headed for a larger crash, valuation of what something is worth often does not matter. When the stock market crashes, often there will be companies trading below their asset value, meaning if someone buys the company, dismantles it and sells their assets, they would turn a profit doing that. So any sort of analysis of what something is worth during a bear market does not matter. Analysis matters only in terms of long-term investing, where you are going to hold more than a year at this point. Preferably 2 years.

In the short term, I expect most all crypto to lose money.

If you need the money in the next several months consider selling now during the bounce

This is written on July 12th, 2017 and today is the bounce I am talking about selling into. If you're reading this a month later and the market has dipped something drastic already, perhaps most of the damage is done. For today, though, if you need the cash, or you are considering buying it back lower, seriously consider selling.

There were things I needed to spend on in the next 12 months, so I was forced to sell some parts of my better positions. Today.

Attitude about crypto has to change

"Crypto is still great", really I need to see people sorry they ever owned cryptocurrency before we reach the bottom. The people who came to crypto above 50 bil market cap really will comprise the shift in attitude necessary. Sorry to say it but they're the "bag holders".

Let me put it in another perspective, though, because I am a long-term investor. If you bought bitcoin at the top in 2013 and paid 1k per coin, you saw a 200% increase if you just held through the declines and sold when it hit 3k. You would still be sitting on a gain today even though you sat through an 80% decline.

It's fine being a bag holder. The best investment I ever made, I was a bag holder, a guy who had bought at the top and rode it down 50%. Had I just kept holding for 2 years and not cared, I would have made over a million dollars. Rather, I sold.

So it is fine to ride out declines if you are holding a long time.

I just issue this sort of caution in case you did need the money anytime soon.

Cash Alternative for Storing Value - Steem Dollars

If you need a store of value in a cryptocurrency which will not decline so bad, there are really two cash alternatives that crypto offers.

• USDT (Tether)
• SBD (Steem Dollars)

Of these two, with Steem Dollars at 99 cents right as I am typing this, I personally think Steem Dollars is the better choice. The mechanism for Steem Dollars makes it difficult for it to stay below $1 for very long. Where as with Tether, we have to consider their systems are more likely to fail since they are linked to traditional banking. Governments can and have frozen their funds in the past, resulting in declines below $1 USD.

Owning Cryptos that might hold up better

There are two cryptocurrencies I am going to suggest may hold their value well in a decline.

• Bitcoin: Bitcoin should hold well because as people sell other cryptos, it all gets exchanged into bitcoin. Also, it's easy for outside, low information investors to buy bitcoin on a dip from their traditional banking.

• Dash: The reason Dash should hold its value well is it has near-term positives such as the release of Dash Evolution, and later on in the bull run in crypto, Dash didn't increase too much.

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Just remember! This is my opinion only and I am not responsible for your actions should you rely on anything I have said here. Do your own research. Opionions may differ about everything said here by reasonable people. All investments entail risk.

EDIT: Thanks everyone for pointing out the date is July 12 when I posted this, typo.