I always try to sell bitcoin at a high price, but that will not be possible as I do not know when bitcoin price can touch the high peak price. But if the price can touch me target price, I will not have a problem to take profit from that price, even if the price increase more than my price. I believe that the price will go down lower than the price I sell, so I can buy back and wait for a moment to sell at another high price.
When you enter the market, you need to know when you should exit, but you can still at the market if you want, but you need to know the consequences. You can hold bitcoin for a long time, but you should have a target price to sell and exit the market.
Topic: Do you have a Bitcoin exit strategy? - page 4. (Read 906 times)
Actually, the only strategy I do is quit when you win. When you want more, you come out somehow harmful. Being satisfied after earning enough is a good strategy.
never fight the market bro, my suggest for now market still have good growth, hold your coin to take more profit, for now its not recommend for exit, many things support bitcoin for now like elon musk, he decided to bring bitcoin to the moon hahaha
I think I am in a kind of self-inflicted hold mode! 
Even when I want to sell some deserved profit I don't sell. I guess what makes a true difference for it is that, holding the coins on my personal wallets going to the hassle of unlocking these funds via my private keys mainly discourages me.
I'm bound to hold, that's it.
Even when I want to sell some deserved profit I don't sell. I guess what makes a true difference for it is that, holding the coins on my personal wallets going to the hassle of unlocking these funds via my private keys mainly discourages me.I'm bound to hold, that's it.
You will be highly rewarded my friend. I'm holding since 2013 and haven't sold a bit. The temptation is high but if I could resist so many years... a few more years will bring me the financial freedom, I'm sure about that!
Hi, just to be clear I'm bullish as hell for the next few months but I think it's generally accepted that this bull run will probably come to an end at some point this year.
I'm wondering if people here are planning on getting out of crypto or significantly reducing your stake at some point this year and if so what your plan is and where you are looking at reinvesting your funds?
Probably, this is a good time to have this question and see what comments you get. BTC has dropped to its new ATL for a while now and it already looks like people are getting panicky. I'm wondering if people here are planning on getting out of crypto or significantly reducing your stake at some point this year and if so what your plan is and where you are looking at reinvesting your funds?
I believe that you should remain strong and buy in when in dips like these. I do not believe that the bull run is over yet. I think there's still a few more weeks of it, definitely on ALTS. I always think, put your money to work, now that the opportunity presents itself.
Hi, just to be clear I'm bullish as hell for the next few months but I think it's generally accepted that this bull run will probably come to an end at some point this year.
I'm wondering if people here are planning on getting out of crypto or significantly reducing your stake at some point this year and if so what your plan is and where you are looking at reinvesting your funds?
I would sell bitcoins right now and wait for a while, for me it doesn't worth to risk that much, just get the solid profit and wait for a while, that's why I prefer. For further investments (and if your aim is profit and not support of certain coin/project), I would buy BNB. It has a catastrophic fall right now, have a look at the market and decide when to buy. There is N1 exchange behind this project and I strongly believe BNB is a good long term investment for great profit.I'm wondering if people here are planning on getting out of crypto or significantly reducing your stake at some point this year and if so what your plan is and where you are looking at reinvesting your funds?
P.S. I don't support BNB, I will never ever support that but for financial profit, it's a great choice.
Hi, just to be clear I'm bullish as hell for the next few months but I think it's generally accepted that this bull run will probably come to an end at some point this year.
I'm wondering if people here are planning on getting out of crypto or significantly reducing your stake at some point this year and if so what your plan is and where you are looking at reinvesting your funds?
Probably, this is a good time to have this question and see what comments you get. BTC has dropped to its new ATL for a while now and it already looks like people are getting panicky. I'm wondering if people here are planning on getting out of crypto or significantly reducing your stake at some point this year and if so what your plan is and where you are looking at reinvesting your funds?
I believe that you should remain strong and buy in when in dips like these. I do not believe that the bull run is over yet. I think there's still a few more weeks of it, definitely on ALTS. I always think, put your money to work, now that the opportunity presents itself.
Hi, just to be clear I'm bullish as hell for the next few months but I think it's generally accepted that this bull run will probably come to an end at some point this year.
I'm wondering if people here are planning on getting out of crypto or significantly reducing your stake at some point this year and if so what your plan is and where you are looking at reinvesting your funds?
I'm wondering if people here are planning on getting out of crypto or significantly reducing your stake at some point this year and if so what your plan is and where you are looking at reinvesting your funds?
It might stop at some point at this year but I believe that will be another opportunity to invest greatly then patiently wait for the next Bull run. Although having an exit plan is still a smart move but it can also be another way to implement a wide range of investments. You could start a small physical business or even spread investments into Alternate Cryptocurrencies. Another thing is converting them into usable cash because of the ongoing pandemic and I guess those are just some of the safe ways I will adopt as an exit plan.
Hi, just to be clear I'm bullish as hell for the next few months but I think it's generally accepted that this bull run will probably come to an end at some point this year.
I'm wondering if people here are planning on getting out of crypto or significantly reducing your stake at some point this year and if so what your plan is and where you are looking at reinvesting your funds?
I'm wondering if people here are planning on getting out of crypto or significantly reducing your stake at some point this year and if so what your plan is and where you are looking at reinvesting your funds?
Bitcoin is the best performing financial asset of the past 10 years.Why would anyone want to exit and sell his Bitcoins.
If the Bitcoin price crashes back to 20-30K USD,many investors will freak out and sell their BTC.They don't have an exit strategy.They are controlled by their emotions and are in between FOMO and the fear of losing more money.
If the price crashes severely,I might freak out and sell my BTC as well.
I'm not that emotionally stable.
My "strategy" is to just forget about the current BTC price and sell only,when the price reaches 100K USD.
actually I still want to be here until I already have my own device for mining. after that I will be here until bitcoin will give up.
Not really. My simple strategy is as follows:
1. Only sell bitcoin when totally necessary.
2. Continue to not spend money on unnecessary stuff.
3. Continue to focus on creating more cash flow to have more money to invest in assets.
4. Continue dollar-cost averaging weekly regardless of BTC price.
5. Price crash? Continue holding as per usual.
6. Only trade shitcoins with less than 5% of my total holdings.
Unless you're really experienced in the field of trading, chances are, doing the "sell now and buy back lower" strategy is just going to wreck you in the end.
1. Only sell bitcoin when totally necessary.
2. Continue to not spend money on unnecessary stuff.
3. Continue to focus on creating more cash flow to have more money to invest in assets.
4. Continue dollar-cost averaging weekly regardless of BTC price.
5. Price crash? Continue holding as per usual.
6. Only trade shitcoins with less than 5% of my total holdings.
Unless you're really experienced in the field of trading, chances are, doing the "sell now and buy back lower" strategy is just going to wreck you in the end.
most of these are the strategies I've been following too. I am selling bitcoins when it is too necessary. even I dropped my expensive by %30 persons. before I had to spend $500 now I am doing that with $300 more or less. saving and accumulating more and more bitcoins is the only thing I am doing. not holding any shit coins/tokens anymore. and trading only with the amount I can afford too lose.
no plan to exit bitcoin any time soon.
I think I am in a kind of self-inflicted hold mode! Even when I want to sell some deserved profit I don't sell. I guess what makes a true difference for it is that, holding the coins on my personal wallets going to the hassle of unlocking these funds via my private keys mainly discourages me.
I'm bound to hold, that's it.
Even when I want to sell some deserved profit I don't sell. I guess what makes a true difference for it is that, holding the coins on my personal wallets going to the hassle of unlocking these funds via my private keys mainly discourages me.I'm bound to hold, that's it.
The Bitcoin market exit strategy I developed is to selling all the Bitcoin investment I bought during $40,000 upward as soon as possible while I hold those I have since the $30,000 which I believe I will be aware of the Bitcoin market dump in price before it reaches the $30,000 I make my investment if the Bitcoin market experience goes dip.
I can recommend listening to this talk between Saifedean Ammous and Michael Saylor
https://the-bitcoin-standard-podcast.castos.com/episodes/34-michael-saylor-on-the-fiat-standard
What is Microstrategy's plan? What is Grayscale doing? Never sell...
HODL for the long term
You can create a revenue with your holding by loaning against your crypto
As a long term hodler, I sold on the high of 2017 and I regret it. I wish I knew back then what I know these days....
https://the-bitcoin-standard-podcast.castos.com/episodes/34-michael-saylor-on-the-fiat-standard
What is Microstrategy's plan? What is Grayscale doing? Never sell...
HODL for the long term
You can create a revenue with your holding by loaning against your crypto
As a long term hodler, I sold on the high of 2017 and I regret it. I wish I knew back then what I know these days....
Hi, just to be clear I'm bullish as hell for the next few months but I think it's generally accepted that this bull run will probably come to an end at some point this year.
I'm wondering if people here are planning on getting out of crypto or significantly reducing your stake at some point this year and if so what your plan is and where you are looking at reinvesting your funds?
I'm wondering if people here are planning on getting out of crypto or significantly reducing your stake at some point this year and if so what your plan is and where you are looking at reinvesting your funds?
I think the most common is to lessen your greed and to think of the contentment that you already earning some good money already. This will helps you cast your plans afterwards because the market right now is no doubt a temptation place to hold your assets even more. I don't know if it's the same for the long holders but for the short holders, it should their best option to make some escape plan right now. Either way, at this rate in the current market situation, they cannot still decide on which way they will go since everyone seems carefully waiting for some more spike in the price of BTC.
Due to bitcoin price growth, my invested sum into it multiplied several times. I've been a holder for several year, but this year I have withdrawn "sum invested *3" amount and feel really happy about it, plus I have left some bitcoin in my wallet. Even if a miracle happens and bitcoin price suddenly drops to zero, I have already tripled my money. But most important I've learned thanks to bitcoin is patience. I'm almost immune to fomo and stopped checking price or my balance every few hours.
you feel bullish or your funds are already at bull ? but how can you predict that itl stay for the next month and not for the entire year ? are you here before ( 2020 ) because there were also doubts that the bull run wont last a long time but people have a wrong prediction that time because the bull run actually got stronger and still remains up until now . when the crypto or the bull run is strong ill tend to put more stake and im not thinking of quitting . already found my happiness in crypto so if ever i sell i will still came back here to re invest .
I am liquidating part of my holdings on a gradual basis ever since 2015. The total volume of coins I have sold since 2015 is almost 3 times higher than my current holdings. And I regret about it, because most of those coins were sold for three digit prices. But if you are making an investment, you need to sell your assets at some point of time. My mistake was that I sold them too early.
Now profit booking, "exiting crypto" and "significantly reducing your stake" are three different things. What I am doing right now is profit booking. I have no plans to completely exit from the cryptocurrency sector. Because I have been here for the last 9 years, and I know about the future potential of cryptocurrency more than any of the other users.
Now profit booking, "exiting crypto" and "significantly reducing your stake" are three different things. What I am doing right now is profit booking. I have no plans to completely exit from the cryptocurrency sector. Because I have been here for the last 9 years, and I know about the future potential of cryptocurrency more than any of the other users.
As a trader I always have a strategy to get out of the market at the right time and enter again when the price is really below. I sold some of the Bitcoin that I had to secure my main capital, then I entered again. When the price got high I sold some and so on. I use technical analysis to determine my safe position.
Sell high, that was the best idea but what if the price spike again after selling? I hope that simple TA could work and can predict such a perfect time coz I honestly don't see it even before. It seemed to be our luck if we can hit that.If you are a holder you can hold it according to your initial strategy and at what price you are targeting.
I myself do not hold, I do scalping and continue to take advantage of the fluctuation of bitcoin prices to make a profit.
Just like you, long-term holding is not my favorite. I often sell when the opportunity knocks on coz guaranteed that we are not sure after. If I do the sell no matter if it pumps after, I have no regrets then since I was already making a profit and feels enough for that, not too greedy. I myself do not hold, I do scalping and continue to take advantage of the fluctuation of bitcoin prices to make a profit.
Good question and I think it would be wise to have a strategy just incase. I've seen others sell BTC but in my opinion the best strategy is still not to sell. If you don't need urgent money then leave it.
But also do not forget that you have to nail TWO correct predictions in selling and buying and that makes everything tricky. Safest would be to sell a percentage and keep the rest on another wallet but never sell all your BTC is my advice.
But also do not forget that you have to nail TWO correct predictions in selling and buying and that makes everything tricky. Safest would be to sell a percentage and keep the rest on another wallet but never sell all your BTC is my advice.
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