The recent pump we had/are having allowed us to complete the 2nd phase of the DCAing out process in one hit.
Phase two entailed turning our Bitcoin (about 80%) and altcoins (100%) into USDT and some USDC. Did consider DAI as another option but there was just not enough liquidity on LocalCoinSwap. That is no one wants to buy DAI. Everyone wants USDT though, wonder why?
Phase One
This phase took about 3 years of preparation, u-turns and adjustments.
- finding a suitable replacement for LocalCryptos, our 2021 P2P platform, which shutdown in 2022
- setting up anonymous emails for LocalCoinSwap and MexC (ProtonMail, Mailfence and Tutamail). Tutamail being the key. Discussed in Part one.
- building up our reputational score, buying small amounts of Monero from 2 Kenyan gentlemen via Remitly
- transferring our reputational score from LocalCryptos and LocalMonero
- setting up burner bank accounts in Brasil, New Zealand and Down Under
2021 vs 2025
Selling Peer2Peer in 2021 was so much easier. Banks were not so strict with money going in and out.
2025 and things are so much harder, daily deposit and withdrawal limits are lower, it does not take much to automatically trigger restrictions, or losing your banking privileges completely. Even though the reportable limit has not changed.
In 2021 we found a trusted Vendor that had bank accounts in 5 countries, 2 of which we had bank accounts in. We just used inter-bank transfers, just under the reportable daily limits.
2021 took about one month to make bank.
2025 will take all of 2025 and a bit of 2026.
2021 was just a total timing fluke. We needed some money to buy our Beach Shack and most of our wealth was tied up in crypto. At the time felt terrible selling 10-20% from the top but in hindsight it was “near enough is close enough”. Lesson learned. Only real regret was 12 months later, not selling more while we had a chance. Another lesson learned.
We will go into more detail in an upcoming post on LocalCoinSwap adventure, other than to say it has been a sharp learning curve. Not sure who is the worst to deal with, the scammers or the banks.
NOTE: Links to Part One and Part Two are in resources.
2025 Strategy
Phase two was always going to be sell in early to mid 2025.
Original plan was to first sell low cap altcoins in or around altseason. These were bought early 2024, mainly from proceeds of selling our remaining ETH when it was close to making new ATH but not quite.
- ZEPH
- SMT
- OPEN
- PRO
- GFI
Then if required our main altcoins.
- LINK
- ATOM
- SOL (not that much)
Lastly would consider selling our Bitcoin.
Funny but that did not work out as imagined.
The catalyst was December 2024, when reading a post by @BitcoinBaby . My mind had been on other things but @BitcoinBaby got my attention. Bitcoin had made a new ATH and it was starting to look like altseason was in 2024. @BitcoinBaby was talking about selling bitcoin as it was the only asset that was performing.
Spent too long thinking about it and the moment passed. But we got another chance in January and was mentally prepared this time.
Fast forward to April/May and started selling 20% of the Bitcoin each week trying to catch whats left of this “bull run”.
And 100% of the low cap altcoins.
And 50% of the main altcoins then 30% thereafter.
And here we are with Phase Two completed.
The above shows the exchange rate in AUD at the time the Bitcoin was transferred from our Ledger Nano's to MexC. All trades were made at Market. By the time the MexC deposits were cleared and trade was completed, sometime we gained a little, some times we lost a little. Put another way, sometimes we ended up with more USDT, sometimes with less.
Support Your Local Paranoid Psychopathic Crypto Anarchist's Grandson Stacking Sats
Tip, like, follow and use the referral links below, as all the crypto dust goes to supporting and helping our 6 year old Grandson become a future OG.
Click on the images or if you prefer the corresponding URL link.
Bitcoin (BTC)
FreeBitco.in has the title of Longest Running BTC Faucet (since 2013). Earn sats, Reward Points and Lottery Tickets every hour with the longest running Bitcoin faucet.
Use the reward points for 1000% 500% 100% and 50% BTC Bonuses, Wheel of Fortune tickets or more Lottery Tickets. Get daily compound interest on BTC deposits, over 30,000 sats.
Currently paying 2 sats every hour and 4 Reward Points per roll or with the 1000% BTC Bonus 22 sats for a day. It has paid briefly 3 sats in the deep dips
The Grandson has already withdrawn 150,000 sats, so we have to start all over and the new balance is 18,500 sats.
You also have the option of purchasing their native FUN. But have not explored their FUN tokens, as we draw the line at paying for free stuff.
https://freebitco.in/?r=51015545&tag=pb0x
Earn coins from hourly faucet roll, games, surveys, watch PTC ads, multipliers, earn interest etc.
Minimum withdrawal 50,000 coins direct to your Bitcoin wallet ($5 BTC), no withdrawal fees. Or redeem coins direct to your DOGE, DASH or LTC wallets (minimum $3).
Can use PTC ads and surveys to get a payout within a week or quicker.
12 BTC payouts so far to FreeBitco.in, but currently withdrawing LTC to MexC to add to Grandson’s USDT stash. Getting ready for the Crypto Winter.
Recently revamped site. Earn BTC with faucet, level ups, games, betting, promo codes, wagers and tasks. 50% referral commission. Been using their Bitcoin faucet coming up 4 years. Possible to earn 1000+ sats a day when got time to play.
Made the 30,000 sats minimum threshold and sent to freebitco.in. Note there was no fee to make the withdrawal.
https://freebitcoin.io/?ref=150742
Solana (SOL)
As Solana made up 20% of the Grandsons portfolio, getting free SOL is of great interest.
This is more of a community notice for the like minded SOL collectors. As it is run by the devs, there is no referral program.
Been using solfaucet regularly for over a couple years. Earn 0.00001 SOL per day, regardless of SOL value at the time. The SOL is instantly paid to your Solana address. Note the earnings get paid out monthly but show up in your wallet as individual transactions.
There is a catch. All new addresses must maintain the minimum rent-exempt balance of 0.00089088 SOL to be able to claim from the faucet.
The faucet is supported in part by the Shinobi Systems validator.
https://solfaucet.togatech.org/
You get 2x Bonus rewards and 10 free rolls for the 1st 24 hours on registering. Minimum withdrawal is 0.00250000 SOL and transaction fee is 0.000100000 SOL.
Also has Surveys, Games and Contests to earn more. Minimum faucet roll is 0.000001000 SOL at Stone Level, playing games/surveys will help you reach higher levels.
Master Level pays 0.010000000 SOL.
Made the most of the recent 30% pump, cashed out and turned 0.044 SOL into USDT. New balance is 0.0005463 SOL.
