<figure class="wp-block-image size-large"><img width="325px" height="183px" srcSet="https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/07/22051044/Selling-PLS-the-Right-Way-300x169.webp 300w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/07/22051044/Selling-PLS-the-Right-Way-1024x576.webp 1024w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/07/22051044/Selling-PLS-the-Right-Way-768x432.webp 768w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/07/22051044/Selling-PLS-the-Right-Way.webp 1200w" sizes="(max-width: 425px) 150px, 450px" src="https://ll-blog-dev.s3.ap-southeast-2.amazonaws.com/wp-content/uploads/2024/07/22051044/Selling-PLS-the-Right-Way-1024x576.webp" alt="Selling PLS the right way" class="wp-image-5650"/></figure>



<p>Don’t dump on yourself!</p>



<p>Well, not like that.</p>



<p>Don’t sell PLS on your own head!</p>



<p>I am here to tell you that there is a MUCH better way to sell your PLS if you have to.</p>



<h2 class="wp-block-heading tablecontent">Benefits of Using Liquid Loans to Sell</h2>



<p>There are 3 main reasons why you would want to take a loan rather than market selling:</p>



<h5 class="wp-block-heading tablecontent">Does Not Harm the PLS Price</h5>



<p>If you hold PLS, you probably like PulseChain and the Richard Heart Ecosystem.</p>



<p>Which means you want to see it succeed well into the future.</p>



<p>One way you could contribute is by taking a loan rather than selling.</p>



<p>If you lock up your PLS and mint USDL, you are NOT creating sell pressure for PLS.</p>



<p>This helps keep the price from dropping and maintains momentum for the PLS ecosystem. </p>



<h5 class="wp-block-heading tablecontent">Maintains Price Exposure to PLS</h5>



<figure class="wp-block-image size-large"><img loading="lazy" width="325px" height="183px" srcSet="https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/07/22052029/Best-Way-to-Sell-Cryptocurrency-300x169.webp 300w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/07/22052029/Best-Way-to-Sell-Cryptocurrency-1024x576.webp 1024w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/07/22052029/Best-Way-to-Sell-Cryptocurrency-768x432.webp 768w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/07/22052029/Best-Way-to-Sell-Cryptocurrency.webp 1200w" sizes="(max-width: 425px) 150px, 450px" src="https://ll-blog-dev.s3.ap-southeast-2.amazonaws.com/wp-content/uploads/2024/07/22052029/Best-Way-to-Sell-Cryptocurrency-1024x576.webp" alt="Best Way to Sell Cryptocurrency" class="wp-image-5659"/></figure>



<p>Let’s say right after you sell, the PLS price wicks 10% on some long-awaiting good news for PulseChain.</p>



<p>If you had sold on the market, you would have to buy back higher.</p>



<p>If you had taken a loan, you still have your PLS bag and benefit from the price appreciation.</p>



<p>From here, you can either keep your vault where it is, or you can mint more USDL.</p>



<h5 class="wp-block-heading tablecontent">Avoids Taxable Event (NFA)</h5>



<p>This, of course, is not financial advice.</p>



<p>But in most jurisdictions, taking on debt is not taxable. </p>



<p>Meaning, you likely won’t have to pay taxes on your minted USDL unless your vault is liquidated. </p>



<p>This strategy is one of the tricks of the rich.</p>



<p>Elon Musk has famously taken a loan using his Tesla shares as collateral.</p>



<p>This not only keeps his Tesla shares in his possession, but it also helps him avoid a taxable event while getting access to much needed liquidity.  </p>



<h2 class="wp-block-heading tablecontent">The Bottom Line</h2>



<p>Before you hit the sell bottom, do your research so you understand that better options are available to you.</p>



<p>By taking a loan rather than selling, you don&#x27;t harm the price, you maintain price exposure to PLS, and you avoid a taxable event in most jurisdictions.</p>



<p>If you have to sell, follow this guide to learn how to borrow USDL.</p>

Stablecoins Under Siege: The SEC’s New Rules Aren’t What They Seem

How to Earn Yield While HODL'ing PLS

Bitcoin’s Rise: My View From the Trenches

Here's What Happens to LL Users When Prices Rise (Actual Numbers)

Don't Dump on Yourself (Cash Out with Liquid Loans)

There is a better way to sell your PLS if you have to, and the benefits are shocking when compared to market selling.