Having an exit strategy is always a good way to protect our money from manipulation, correction and etc especially if its a bearish market because you don't have clue how long it will last..indeed it is all part of our plan when it comes trading and investing in order to save our profits and to prevent massive losses. Just always remember to don't move your stop loss no matter what or should i say never change your exit strategy because you will end up nothing after all.
You can change your exit strategy, what if there's a more lucrative exit strategy presented to you and you've seen all there is to see regarding this new exit strategy and you see that you're not going to lose anything here, would you still opt out towards that old exit strategy? I don't think so, if your exit strategy can evolve then let it evolve because what good would it do if you're stagnant. 
Topic: Always have an exit strategy - page 5. (Read 936 times)
Having an exit strategy is always a good way to protect our money from manipulation, correction and etc especially if its a bearish market because you don't have clue how long it will last..indeed it is all part of our plan when it comes trading and investing in order to save our profits and to prevent massive losses. Just always remember to don't move your stop loss no matter what or should i say never change your exit strategy because you will end up nothing after all.
I have an exit strategy always 
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My exit strategy?? Investing into top coins like Bitcoin and Ethereum. I'm just continue accumulating and accumulating top coins for a long time and then I will sell it at the right time or when I already needed money
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.My exit strategy?? Investing into top coins like Bitcoin and Ethereum. I'm just continue accumulating and accumulating top coins for a long time and then I will sell it at the right time or when I already needed money
. I am definitely agree with you, because if anyone know how to save money, they should know how to use it too. Although many are think exit strategy is an expensive option but in my opinion it's a good option, because the key to the good life is not saving aimlessly, it's smart investments.
The issue with exit strategies is that when they become true most traders don’t take them.
When Bitcoin was at $28K many people wished it would go back to $50K so they could sell. That was their exit strategy, and most likely when it went to $50k most people assumed it would go to $100k and they would sell then. And look what happened.
Same with people who are like “Bitcoin at $64k is expensive, I wish I could buy at $30K” and when it was at $30K nobody bought because they wanted to buy at $20K instead.
When Bitcoin was at $28K many people wished it would go back to $50K so they could sell. That was their exit strategy, and most likely when it went to $50k most people assumed it would go to $100k and they would sell then. And look what happened.
Same with people who are like “Bitcoin at $64k is expensive, I wish I could buy at $30K” and when it was at $30K nobody bought because they wanted to buy at $20K instead.
You are talking about dumb money from retail traders which is already given since they are the sacrifice for smart traders to have a profit. Let's say they are the majority but in quantity only but most of the smart investors such as VC are always playing safe and have an exit plan ahead to the retail investors in times like this. I don't to comment about those retail traders that contributing to dumb money but they are really essential in trading so that someone have profit.
The issue with exit strategies is that when they become true most traders don’t take them.
When Bitcoin was at $28K many people wished it would go back to $50K so they could sell. That was their exit strategy, and most likely when it went to $50k most people assumed it would go to $100k and they would sell then. And look what happened.
Same with people who are like “Bitcoin at $64k is expensive, I wish I could buy at $30K” and when it was at $30K nobody bought because they wanted to buy at $20K instead.
When Bitcoin was at $28K many people wished it would go back to $50K so they could sell. That was their exit strategy, and most likely when it went to $50k most people assumed it would go to $100k and they would sell then. And look what happened.
Same with people who are like “Bitcoin at $64k is expensive, I wish I could buy at $30K” and when it was at $30K nobody bought because they wanted to buy at $20K instead.
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.
How do you come about your conclusion that the bull run for the year 2021 is over please. Can you provide a support data and evidence that makes you reach that conclusion for i believe that your prediction can't stand a text of what will happen in the remaining month of this year 2021 if all things remain equal.
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.
In every investment framework, it is a wise decision to always have an exit strategy because tomorrow is not promised and the last time I checked every investment has its own risk involved.Of course, traders need to be intelligent enough, if you has an entry plan, then definitely an exit plan should always been in plan.
However, I don't understand how you come up with your calculation about the bullish market but the Bitcoin halving effect always last for 12months which will be October so the bullish market is not over though the market may not reach the previous ATH price
We still need to do our own research, he may have talk and consult to a lot of bitcoin veterans, but as the market is very volatile, we really don't know what's going to happen next, we reach $64k all time high, we dip to lower lows of $28k, at least a 50% increased from that is $56k. Which we almost did reach at $52k. So if you look at the movement, we can still bounce back and I don't see anything bearish about that pattern.
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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.
In every investment framework, it is a wise decision to always have an exit strategy because tomorrow is not promised and the last time I checked every investment has its own risk involved.However, I don't understand how you come up with your calculation about the bullish market but the Bitcoin halving effect always last for 12months which will be October so the bullish market is not over though the market may not reach the previous ATH price
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.
Maybe, but there is still the Q4 and anything could happen during those left months before the end of the year. These veterans bought Bitcoin in January?
If that's the case then their exit plan will still be successful even if they do it now. January 1st until the end of it was just 30-35k in USD until mid-February where it skyrocket to 56k.
Now, the question is they are doubting to sell, right? They are taking their chances for a bull run to happen again to maximize the profit. Sounds like greed to me but it's alright. I hope the choice will succeed and volatility won't hit them hard.
I dont really believe much into those claims or those professionals or veterans saying that they would really be taking profits or would exist on this market on precise manner because if they ever would make a move
Because chances are, it's BS lol.specially with whales which it s impossible that you would really be knowing those kind of informations.Exit strategy is something that we do have or a must thing when you do deal up with this market.
Of course there might be some people who do hold for long term and doesnt mind much about exiting but for those who had done recently then i could say its a good call.
You can make an "exit" regardless whether whales exist or not though. A whale is an entity that holds a crap ton of bitcoin, not necessarily that the whale is trying to manipulate the markets to mess with people, as with what a lot of people believe for some reason. Of course there might be some people who do hold for long term and doesnt mind much about exiting but for those who had done recently then i could say its a good call.
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 dont really believe much into those claims or those professionals or veterans saying that they would really be taking profits or would exist on this market on precise manner because if they ever would make a movespecially with whales which it s impossible that you would really be knowing those kind of informations.Exit strategy is something that we do have or a must thing when you do deal up with this market.
Of course there might be some people who do hold for long term and doesnt mind much about exiting but for those who had done recently then i could say its a good call.
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 am an investor since 2012. I guess that is enough to be considered as a "veteran" by you. If I had followed your strategy, then I wouldn't be having any coins with me now. I don't really care whether the 2021 bull run is over or not. For me, it doesn't matter much. I have been waiting since 2012, and I can easily wait for another 4 years (or even more). I know that for the new investors, it may be difficult to wait for that long. Because they have no experience of getting good returns by investing for long term. But just look at the historical price charts, and there is a chance that you guys will have a change of mind.
Hah, mate— knowing the economic situation of the world right now that a lot of people are taking really lightly, Bitcoin is my exit strategy.
Yes me also mk4, my exit strategy from the mundane daily work slog, something
the FIAT system was never going to give me and didnt come close prior to Bitcoin.
I cant imagine liquidating everything back into FIAT TBH, jumping back into
the very system Bitcoin strives to counter.
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.
You don't need to be veterans to have exit plans because even me that is onto long term holding has my own Exit plans.it is not because we are holding for years meaning this is permanent because i also sells my holding in certain amount of profit i targeted .
but indeed that we must always have exit decision as the market volatility is also an advantage to gain when selling high and to invest when the price is low.
Amidst the current market price action expressions related to Evergrande affecting the crypto picture, there is a possibility of large volatility allowing for higher accumulation. If you can't bargain your position, you can completely tighten your belt to continue Hold, there are too many things that turn out to be different from the past price history. It is too early to withdraw at this point. $38k- 40k remains the bigger impetus for the bulls. Our light will come in October, I trust bitcoin's instincts in this critical situation as well as Taproot's approach. That's what I consider a bad thing to withdraw too early. The 200-daily MA chart could stay weak for longer, but a wick reversal is still a big possibility.
Bitcoin - the only way against money printing
Bitcoin - the only way against money printing
Ok, I mean I used to have those really, believe me, but that was when I traded it. It was a necessity really, I had no choice just so safeguard my coins from being rekt by volatility. Now? I just hold it, long-term. No more strategies, no more needless panicking, just holding. Honestly makes life a lot easier. So what if it's dropping? Hodlers never looked at Bitcoin from the short-term perspective anyway, we always look at the long-term ones. Plus, comparing the current economic situation to the crypto situation? I'd honestly say that hodling crypto would benefit me better than fiat.
To make an exit strategy, of course you must have enough understanding of bitcoin price movements, including having a signal when the last bullrun price is in units of weeks, months and years. then when the bearish will occur and for how long, so you can determine when to sell and when to buy. if this strategy fails, then there must be a backup strategy that is to prepare enough fiat money to buy when the price of bitcoin experiences a sharp decline.
When the signal is just coming from your signal channel, you should be careful because sometimes, their signal can miss something.But if the signal comes from your own analysis, it is better to follow your plan.
Even if you miss something, you will know the mistake so you can fix it and not make another mistake in the next trade.
It is better to have more than one strategy to anticipate what will happen to the market so you do not confuse what you will do and can find a way to prevent the loss.
To make an exit strategy, of course you must have enough understanding of bitcoin price movements, including having a signal when the last bullrun price is in units of weeks, months and years. then when the bearish will occur and for how long, so you can determine when to sell and when to buy. if this strategy fails, then there must be a backup strategy that is to prepare enough fiat money to buy when the price of bitcoin experiences a sharp decline.
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.
In spite of your bearish predictions, your advice is sound that everyone should have an exit strategy. If the price hits millions suddenly it won't do you any good if you have no way setup to cash out and no plan in place for paying taxes on the gains, etc. It's best to plan not only for at what price you'll cash out, but using which service and how you'll account for it. Then you need to make sure you have the proper verifications in place so that you won't be stalled up by low daily limits or long verification processes when it comes time to sell. Whether you're selling at a loss or a gain, that's good advice.
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 think that you shouldn't treat it like that.
It is pretty much impossible to time the markets perfectly - what makes you think that you have a special kind of insight into the markets that the rest don't?
Sure, have an exit strategy if you are saving up for a house deposit or whatever, but if you are just in for the long haul you should just ride it out and hold.
Maybe what veterans mean in this case are people who are experienced in the crypto world, but even experienced people have difficulty
predicting current crypto price movements. Like you said they are not fortune tellers who have crystal balls that can know the future.
Therefore we really have to have an exit strategy, especially with the Bitcoin price falling right now, makes almost all altcoins fall too.
To be honest, I'm a little worried about the current market conditions. Therefore the best exit strategy is to take profit if there is an opportunity.
Because holding too long in the current situation has a very high risk.
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