Always have an exit strategy - page 3.

btc_angela

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Quote from: Epaper on January 18, 2022, 08:12:14 AM

I think, if someone is thinking long term then the exit strategy in the midst of the current bitcoin price correction situation is not a wise choice. I still believe that Bitcoin price movements are still bullish this year along with the increase in investor interest. Therefore, I predict bitcoin is consolidating for a more bullish move forward.

Of course, it is not wise to exit during a bear market, just think about it, you have your chance at $69k and you didn't do it, so why sell it as $40k'ish? it doesn't make sense.

The best strategy is to just hold for long term again, let this bear cycle settled down, it might take 2-3 years though, but if you are really for the long haul here then 2-3 years waiting is nothing. And for sure it will really be rewarding in the future.

STT

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Veterans exit strat is never to put it briefly. The obvious point being if you sell too much you wont be a veteran or long term holder, BTC generally puts in a low when people least expect it. Trying to trade the highs and lows sounds perfect in theory but actually doing so without being caught out is pretty much a job requiring daily attention.
Otherwise attempting to adjust allocation is fairer but I think quite a few never alter to not hold anything at all, I'd say personally I just hold the majority and only trade the edges as that seems best considering all the long term gains despite very rough seas BTC keeps proceeding forward anyway.

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Quote from: tygeade on January 19, 2022, 03:36:49 PM

Quote from: Silberman on January 19, 2022, 12:43:33 PM

I think it is even worse than what you describe, if someone bought a coin and was expecting a miracle at least they will know their expectations are out of place and that such results would be odd for someone with their level of skill and knowledge, however that is not what we see, most of the time those that come to the market with no strategy invest in a coin and expect great profits as if it is just a given that they will get those results and then claim the whole market is a scam when this does not happen, not understanding there was never a good chance to achieve their objectives.

People who expect something unusual to happen are usually the people who end up not really doing the "I sold because I got scared" thing neither. I mean they were expecting the unexpected so it is normal for them to feel a bit more calm whenever things do not go their way. That was their plan all along, they imagined that it would be a bad investment most probably, but there was a small chance that they could make a really big amount if they are super lucky.

Some people do end up on having that gambler like mind on which they do really presume out things that it would happen, theyre prepare to lose their investment and this is where some people do
differs when it comes to risk taking even though its not recommendable or suggested since this isnt gambling but there would be that particular risks.Aways set out
exit strategy specially when you are already gaining and dont tend to be stubborn on looking for more pumps because this is something talks about being greedy.

tygeade

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Quote from: Silberman on January 19, 2022, 12:43:33 PM

I think it is even worse than what you describe, if someone bought a coin and was expecting a miracle at least they will know their expectations are out of place and that such results would be odd for someone with their level of skill and knowledge, however that is not what we see, most of the time those that come to the market with no strategy invest in a coin and expect great profits as if it is just a given that they will get those results and then claim the whole market is a scam when this does not happen, not understanding there was never a good chance to achieve their objectives.

People who expect something unusual to happen are usually the people who end up not really doing the "I sold because I got scared" thing neither. I mean they were expecting the unexpected so it is normal for them to feel a bit more calm whenever things do not go their way. That was their plan all along, they imagined that it would be a bad investment most probably, but there was a small chance that they could make a really big amount if they are super lucky.

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Quote from: Obito on January 19, 2022, 12:10:42 AM

Quote from: Vaskiy on January 17, 2022, 01:13:23 PM

An exit strategy in my opinion needs to be a backup plan than a primary one. Because we don't know how exactly will be the market move. Everyone wants to sell high and get back into the market buying low. This can be made possible with time and not immediately. If the market is in large scale fluctuation, this might be possible. So, here we need to use the real exit strategy or the backup plan to cut the loss if market moves were against our prediction.

I think that's what it really is, a back up plan. You don't immediately go for an exit when you're starting things right? So that means that if you have a baseline or have established enough funds before you can start trying to formulate an exit strategy. In my opinion, there should be a lot of levels in someone's exit strategy because you really can't afford going out in one fell swoop if you plan to go back.

Deeper balance can give you better chances to form a very good exit strategy, there are many traders who managed to established their financial profits coming from this business, though there are only few who can really make that the other side are those who keep on losing since they can't adjust when the market turned against them.

You have to make sure that you are willing to take that big risk and capable of handling any adjustment that you needed to

face while you are still inside this market.

Silberman

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Quote from: the ghabbar on January 17, 2022, 03:09:06 AM

Quote from: Silberman on January 16, 2022, 02:13:52 PM

Quote from: the ghabbar on January 16, 2022, 03:58:41 AM

Quote from: ?? on ??

Exit strategy is needed it is the same as setting a limitations if you don't understand the loss or if you loss so much then it is not wrong to do exit strategy,we also need it to avoid bigger loss it is better to exit than to loss everything so I think exit strategy is needed specially to those who already loss 50%from their capital. However it is still depend on the project you invested just do you're own research and make a good decisions.

The most important thing is that we must be able to invest with a knowledge base, first we know the coin we want to invest, then make a suitable investment pattern for the coin, the investment pattern is divided into two, long term and short term, so if we are familiar with the coin, then easier to implement long term or short term, research is a must in carrying out investments, without this we will find it difficult to achieve maximum profits.

And that is why most people fail in this market, they do not really have a defined strategy about what they want to do and how to do it, many people just buy a coin and then hope that things will go their way, when a complete investment strategy will tell you which coins to buy, when to do so, when to get out when in profit, when to cut your losses and finally it will tell you how to enter again a market you exited too early, if your strategy cannot do all of that then it is incomplete and it is necessary to review it.

The market reaction makes people confused in investing, actually strategy is the first step in opening up space to invest, if buying coins and then hoping for a miracle is a wrong pattern and we need to fix, how many people fail to invest because of the absence of a good strategy, almost in general people do things not based on the right considerations, that's why I say investment should be done with considerations, strategies and patterns that bind.

I think it is even worse than what you describe, if someone bought a coin and was expecting a miracle at least they will know their expectations are out of place and that such results would be odd for someone with their level of skill and knowledge, however that is not what we see, most of the time those that come to the market with no strategy invest in a coin and expect great profits as if it is just a given that they will get those results and then claim the whole market is a scam when this does not happen, not understanding there was never a good chance to achieve their objectives.

Falconer

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Quote from: Obito on January 19, 2022, 12:10:42 AM

I think that's what it really is, a back up plan. You don't immediately go for an exit when you're starting things right? So that means that if you have a baseline or have established enough funds before you can start trying to formulate an exit strategy. In my opinion, there should be a lot of levels in someone's exit strategy because you really can't afford going out in one fell swoop if you plan to go back.

An exit strategy would be great for those who don't really believe in bitcoin's long-term potential or for those who are targeting short-term gains. Mid-term traders and investors may think of a way out once they hit their targets, but anyone aiming for something greater than a 100% over return on their investment should be willing to be patient in the long term.

Bitcoin really has great potential in the long term, but neither of us can prevent you from exiting when you want to secure profits to fiat or you stop at a certain phase before entering to invest in the next period. This depends on what your investment goals are but I believe that early adopters may still be able to survive the volatility to this day.

Obito

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Quote from: Vaskiy on January 17, 2022, 01:13:23 PM

An exit strategy in my opinion needs to be a backup plan than a primary one. Because we don't know how exactly will be the market move. Everyone wants to sell high and get back into the market buying low. This can be made possible with time and not immediately. If the market is in large scale fluctuation, this might be possible. So, here we need to use the real exit strategy or the backup plan to cut the loss if market moves were against our prediction.

I think that's what it really is, a back up plan. You don't immediately go for an exit when you're starting things right? So that means that if you have a baseline or have established enough funds before you can start trying to formulate an exit strategy. In my opinion, there should be a lot of levels in someone's exit strategy because you really can't afford going out in one fell swoop if you plan to go back.

michellee

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Quote from: AmoreJaz on January 18, 2022, 04:53:32 PM

Quote from: michellee on January 18, 2022, 12:41:19 PM

Quote from: Epaper on January 18, 2022, 08:12:14 AM

I think, if someone is thinking long term then the exit strategy in the midst of the current bitcoin price correction situation is not a wise choice. I still believe that Bitcoin price movements are still bullish this year along with the increase in investor interest. Therefore, I predict bitcoin is consolidating for a more bullish move forward.

If they think about the long term, they will still hold in this correction and will buy more as the price is at a discount. But they still need to know when they should exit from the market because if they just hold their bitcoin without knowing when they need to sell, that will not give them profit. The exit strategy will help you know when you can leave the market in a profit situation to repeat the process and make another profit. Bitcoin still searches for a good time to increase and that means we will see the price fluctuating like now.

as ive been here long enough, it is true that somehow, you need to think of when to exit that will at least give you better return of what you invested. i've learned it first during the height of eth tokens, when they were launched like one after another. as we have seen a lot of them became worthless tokens. remember etherdelta, the first dex that gained popularity when it comes to eth tokens trading? for sure, a lot here are still holding worthless tokens in their MEW or any eth wallet.
so what am trying to convey here - whether eth token or coin or now, nft token, you should at least laid out your plans. when do you think is the best time for you to sell and let go of your holdings?

That is something that needs to be learned and can not be done in the short term, especially if we do not have enough experience with the crypto market. I do not have much experience on EtherDelta but I do not like to trade on that exchange since the gas is too high for me compared to the other exchanges.

Yes, some of my friends are still holding the tokens from a long time ago, while most projects have already gone without any update. We will meet many more tokens using many bases, not just eth, bnb, Matic, or else bases because crypto can evolve more than now and we might see new things in the future.

sheenshane

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Quote from: Epaper on January 18, 2022, 08:12:14 AM

I think, if someone is thinking long term then the exit strategy in the midst of the current bitcoin price correction situation is not a wise choice. I still believe that Bitcoin price movements are still bullish this year along with the increase in investor interest. Therefore, I predict bitcoin is consolidating for a more bullish move forward.

Sometimes it makes us satisfied with what we get in crypto and we aren't looking for more profit. If you have sold your Bitcoin with a profit, that's fine with me. But it would be better if you can able to hold it for a longer time which is possible there will be more profit to come. Exit strategy doesn't mean a lot of profit and I think there's no reason to be a greedy person.

IMO, an exit strategy will applicable if I didn't badly need a fund because the more you hold the more profit that you will get but there's no exact time frame if when it is. So just be contented with what you have.

ultrloa

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Quote from: Hamphser on January 18, 2022, 04:58:17 PM

Quote from: AmoreJaz on January 18, 2022, 04:53:32 PM

Quote from: michellee on January 18, 2022, 12:41:19 PM

Quote from: Epaper on January 18, 2022, 08:12:14 AM

I think, if someone is thinking long term then the exit strategy in the midst of the current bitcoin price correction situation is not a wise choice. I still believe that Bitcoin price movements are still bullish this year along with the increase in investor interest. Therefore, I predict bitcoin is consolidating for a more bullish move forward.

If they think about the long term, they will still hold in this correction and will buy more as the price is at a discount. But they still need to know when they should exit from the market because if they just hold their bitcoin without knowing when they need to sell, that will not give them profit. The exit strategy will help you know when you can leave the market in a profit situation to repeat the process and make another profit. Bitcoin still searches for a good time to increase and that means we will see the price fluctuating like now.

as ive been here long enough, it is true that somehow, you need to think of when to exit that will at least give you better return of what you invested. i've learned it first during the height of eth tokens, when they were launched like one after another. as we have seen a lot of them became worthless tokens. remember etherdelta, the first dex that gained popularity when it comes to eth tokens trading? for sure, a lot here are still holding worthless tokens in their MEW or any eth wallet.
so what am trying to convey here - whether eth token or coin or now, nft token, you should at least laid out your plans. when do you think is the best time for you to sell and let go of your holdings?

This wont be applicable for those who are holding for long term but we know that there are people whom do much prefer on exiting as early as possible as long they could see greens or gains into their investment
then pulling it off would be the best thing to be done.

Short term trades or investment does indeed need that kind of specific strategy even though it wont be that simple but it could be possibly done and if you do know on how to deal off with risk
then its your choice to make.

Always set up goals and exits if you do prefer short term profitability.

This strategy will always applicable to those person who's experience to do short term trades since most of them can handle the market stress. And for people who's new and always believe on hype that their token will pump again this will be hard for them knowing that most of those guys hope to earn more when their holdings pumping up and hope again to recover once they see their tokens are dumping badly.

kawetsriyanto

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Quote from: Epaper on January 18, 2022, 08:12:14 AM

if someone is thinking long term then the exit strategy in the midst of the current bitcoin price correction situation is not a wise choice. I still believe that Bitcoin price movements are still bullish this year along with the increase in investor interest. Therefore, I predict bitcoin is consolidating for a more bullish move forward.

How do we know that investors' interest is increasing? It is something a bit difficult to know, not sure how we determine the increase of investors' interest. Anyway, even we don't know about investors' interests, we know that crypto investment is getting popular in our society. Nowadays, more mass media or social media delivered crypto news, so people can easily get information about crypto. However, it cannot be a definite sign that there will be another bullish trend in Bitcoin. We must consider another factor, it is about the historical Bullrun along with previous halvings. According to this factor, Bitcoin experienced a bullish phase after a year of BTC halving. Now, it is no longer 1 year after the latest BTC halving, we are already in 2022. So, it is normal if many people have planned to do cutloss or exit their investment since there is a chance of more decline in BTC price.

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Quote from: AmoreJaz on January 18, 2022, 04:53:32 PM

Quote from: michellee on January 18, 2022, 12:41:19 PM

Quote from: Epaper on January 18, 2022, 08:12:14 AM

I think, if someone is thinking long term then the exit strategy in the midst of the current bitcoin price correction situation is not a wise choice. I still believe that Bitcoin price movements are still bullish this year along with the increase in investor interest. Therefore, I predict bitcoin is consolidating for a more bullish move forward.

If they think about the long term, they will still hold in this correction and will buy more as the price is at a discount. But they still need to know when they should exit from the market because if they just hold their bitcoin without knowing when they need to sell, that will not give them profit. The exit strategy will help you know when you can leave the market in a profit situation to repeat the process and make another profit. Bitcoin still searches for a good time to increase and that means we will see the price fluctuating like now.

as ive been here long enough, it is true that somehow, you need to think of when to exit that will at least give you better return of what you invested. i've learned it first during the height of eth tokens, when they were launched like one after another. as we have seen a lot of them became worthless tokens. remember etherdelta, the first dex that gained popularity when it comes to eth tokens trading? for sure, a lot here are still holding worthless tokens in their MEW or any eth wallet.
so what am trying to convey here - whether eth token or coin or now, nft token, you should at least laid out your plans. when do you think is the best time for you to sell and let go of your holdings?

This wont be applicable for those who are holding for long term but we know that there are people whom do much prefer on exiting as early as possible as long they could see greens or gains into their investment
then pulling it off would be the best thing to be done.

Short term trades or investment does indeed need that kind of specific strategy even though it wont be that simple but it could be possibly done and if you do know on how to deal off with risk
then its your choice to make.

Always set up goals and exits if you do prefer short term profitability.

AmoreJaz

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Quote from: michellee on January 18, 2022, 12:41:19 PM

Quote from: Epaper on January 18, 2022, 08:12:14 AM

I think, if someone is thinking long term then the exit strategy in the midst of the current bitcoin price correction situation is not a wise choice. I still believe that Bitcoin price movements are still bullish this year along with the increase in investor interest. Therefore, I predict bitcoin is consolidating for a more bullish move forward.

If they think about the long term, they will still hold in this correction and will buy more as the price is at a discount. But they still need to know when they should exit from the market because if they just hold their bitcoin without knowing when they need to sell, that will not give them profit. The exit strategy will help you know when you can leave the market in a profit situation to repeat the process and make another profit. Bitcoin still searches for a good time to increase and that means we will see the price fluctuating like now.

as ive been here long enough, it is true that somehow, you need to think of when to exit that will at least give you better return of what you invested. i've learned it first during the height of eth tokens, when they were launched like one after another. as we have seen a lot of them became worthless tokens. remember etherdelta, the first dex that gained popularity when it comes to eth tokens trading? for sure, a lot here are still holding worthless tokens in their MEW or any eth wallet.
so what am trying to convey here - whether eth token or coin or now, nft token, you should at least laid out your plans. when do you think is the best time for you to sell and let go of your holdings?

FanEagle

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Quote from: Olayinka2225 on September 21, 2021, 12:45:29 AM

A lot of veterans I talked to back in January/ February had exit plans that were going into action late summer and early to mid fall at the latest. That was a majority of veterans. I think bitcoins dropping to its new bottom slowly but surely. But it won’t go past ath for a while. It has been nearly a year and 6 months. Historically it probably means the btc 2021 bull run is over.

I believe that if you really want to have a proper exit strategy, you should also have a strategy for what you want to do after you exit as well. Just saying "I will sell all of my coins when they go 2x" is not enough, you need to also know how you will use that money after that as well. I personally kept saying the same thing for years, I want to invest into some passive income thing. That way I would be able to earn while it goes up. Like Uni or cake, those are my ideal stuff for the time being but something else would work as well.

ETH when ETH 2.0 comes looks proper, it is around 5-6% range yearly, and that is not bad, considering ETH could also go up itself, I feel like that is one of the best investments when it starts, it kind of started already but not officially at 2.0 yet so I am waiting on it to fully start before I switch over there.

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Quote from: Epaper on January 18, 2022, 08:12:14 AM

I think, if someone is thinking long term then the exit strategy in the midst of the current bitcoin price correction situation is not a wise choice. I still believe that Bitcoin price movements are still bullish this year along with the increase in investor interest. Therefore, I predict bitcoin is consolidating for a more bullish move forward.

If they think about the long term, they will still hold in this correction and will buy more as the price is at a discount. But they still need to know when they should exit from the market because if they just hold their bitcoin without knowing when they need to sell, that will not give them profit. The exit strategy will help you know when you can leave the market in a profit situation to repeat the process and make another profit. Bitcoin still searches for a good time to increase and that means we will see the price fluctuating like now.

the ghabbar

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Quote from: pauloaragaomelo on January 18, 2022, 10:23:19 AM

Quote from: the ghabbar on January 18, 2022, 05:00:50 AM

an exit strategy is needed when the bitcoin price is in free fall, but now what we see is that the bitcoin price has not fallen so much, the market movement from the previous year is not so low, it's just that the correction has not fully recovered, so many people panic about this condition, a strategy is needed in investment, so the main thing that must be considered so that the investment we make does not fail miserably.

If the price of bitcoin has not fallen that much, is it effective for an exit strategy option to cut losses if it is indicated that the market will fall even more deeply in the following month, the fact is that volatile markets cannot be predicted precisely so the decision is based on individual considerations.

In my opinion, the effectiveness of the exit when the bitcoin price drops is to wait, if the previous bitcoin purchase was above the current price, because even if we are forced to sell it, we will automatically lose money, but it is different from buying below the current price, which I understand the effectiveness of the exit is like That's it, but actually we don't need to worry about bitcoin, because in the long term bitcoin will definitely be more valuable, especially in current conditions it is quite difficult to make accurate predictions.

pauloaragaomelo

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Quote from: the ghabbar on January 18, 2022, 05:00:50 AM

an exit strategy is needed when the bitcoin price is in free fall, but now what we see is that the bitcoin price has not fallen so much, the market movement from the previous year is not so low, it's just that the correction has not fully recovered, so many people panic about this condition, a strategy is needed in investment, so the main thing that must be considered so that the investment we make does not fail miserably.

If the price of bitcoin has not fallen that much, is it effective for an exit strategy option to cut losses if it is indicated that the market will fall even more deeply in the following month, the fact is that volatile markets cannot be predicted precisely so the decision is based on individual considerations.

Epaper

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I think, if someone is thinking long term then the exit strategy in the midst of the current bitcoin price correction situation is not a wise choice. I still believe that Bitcoin price movements are still bullish this year along with the increase in investor interest. Therefore, I predict bitcoin is consolidating for a more bullish move forward.

the ghabbar

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Quote from: Vaskiy on January 17, 2022, 01:13:23 PM

An exit strategy in my opinion needs to be a backup plan than a primary one. Because we don't know how exactly will be the market move. Everyone wants to sell high and get back into the market buying low. This can be made possible with time and not immediately. If the market is in large scale fluctuation, this might be possible. So, here we need to use the real exit strategy or the backup plan to cut the loss if market moves were against our prediction.

an exit strategy is needed when the bitcoin price is in free fall, but now what we see is that the bitcoin price has not fallen so much, the market movement from the previous year is not so low, it's just that the correction has not fully recovered, so many people panic about this condition, a strategy is needed in investment, so the main thing that must be considered so that the investment we make does not fail miserably.

Topic: Always have an exit strategy - page 3. (Read 950 times)