Exit Strategy - page 4. | Bitcointalksearch.org

CrowdforAngels

jr. member

Activity: 123

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Quote from: TUMAS on December 17, 2018, 08:49:58 AM

What is your exit strategy?

I would like to have a clear vision on how to extract my funds if another bull run happens.

What are your opinions? I am trading in USTD

Thanks!

Depends on the amount you hold and if you have to pay Tax - if you hold a lot and cash out all at once expect a big bill

I was speaking to the founder of Monetha and their method was interesting - after their ICO, they cashed 35% of the holding to pay for dev etc, and then every 2 weeks thereafter they cash out a little more.

Its an organised Exit

Personally, if the greed doesn't take hold, I try and cash out the gain to realise it and leave the initial investment in.

el kaka22

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www.Crypto.Games: Multiple coins, multiple games

Quote from: Ambers on December 17, 2018, 07:43:00 PM

I am very funny to read that a person is seriously going to develop a strategy that will allow him to exit the market. We have only just passed the bottom

Nothing funny here. It always good to have a strategy for entering as well as for exiting. Moreover, we do not need any special strategy to exit which is completely different from to open a position. I mean to say there should be one single single strategy which should give you both enter and exit price levels along with stop-loss levels too. Most of the time, we should exit at our expected target levels. If you go for trading any altcoin then having a proper exit level will help you to protect your profits rather than waiting for more pump and then booking losses.

Quote from: Ambers on December 17, 2018, 07:43:00 PM

now you should not worry about it. The time to exit the market and the sale of assets will come only in a few months.

If you're talking about bitcoin prices and its market then I will completely agree with you but this is not the case with most of altcoins. Because I'm not expecting most of them to recover from their current price zones, like, most of them may get delisted from the exchanges.

EscrowService28

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“The World's 1st Waste to Green Energy DLT Project

Quote from: TUMAS on December 17, 2018, 08:49:58 AM

What is your exit strategy?

I would like to have a clear vision on how to extract my funds if another bull run happens.

What are your opinions? I am trading in USTD

Thanks!

I think its better to watch from now. If you have bought on high peak and stranded with its price then hold it for ling time since you dont want to lose some asset or loss right?

But if you have funds buy more now to leverage the loss then balanced your portfolio. The time of exit should always be a win win ending.

antsam

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I think your way is a safe way to secure your crypto assets, but switching to bitcoin is a safer way in my opinion

Crypto_lion

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NEW MEDICINE:Faster, Safer, Smarter

Definitely take out your cash in case you get nice amounts during the next bull run. Don't even leave it as a USDT cash out as Fiat , at least do it for initial investment amount .

Caladonian

hero member

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Quote from: jemarleon on December 17, 2018, 10:54:03 PM

Quote from: TUMAS on December 17, 2018, 08:49:58 AM

What is your exit strategy?

I have no exit strategy but if you really want to leave crypto whenever a bull run happens set a price limit or your target price, for example you will sell all of your ETH when the price reach $500.

Each traders have it's different view in terms of exit strategy, those who are contented with small amount of earnings simply place a desire amount of exit point while those who are willing to wait for the peak will continue holding and see the maximum results, you need to stay focus with your original plan yet you need to earn first before exiting the market, bull run will bring positive outcome make sure to play well with it.

SamboNZ

sr. member

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In order to have a great strategy you must consider on how you are going to achieve your goal. Holding long term will do no good if you are holding the wrong one. But if you already have a coin or token in mind better set a standard on how long are you gonna hold it. Decision making is critical in investing in our market.

JeBro

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Living is easy with eyes closed ...

Exit strategy for a crypto trader is to earn 20% on the transaction and exit. And no FOMO. For long-term crypto investor exit strategies may vary, but not less than 100% of the profits.

Abosede

jr. member

Activity: 126

Merit: 2

Definitely, if things are not going according to plan,we must learn to check out.We must always set a target because that is the inky way to succeed.Crypto space is all about choices and that is one good thing about it,if things are not going as planned, we can change our plan.

jemarleon

member

Activity: 420

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Silence

Quote from: TUMAS on December 17, 2018, 08:49:58 AM

What is your exit strategy?

I have no exit strategy but if you really want to leave crypto whenever a bull run happens set a price limit or your target price, for example you will sell all of your ETH when the price reach $500.

raitsuk

member

Activity: 322

Merit: 10

For me, i tried to collect as much coins as possible, and when the time those coins goes up and give me enough profit.
That would be the best time to take out my investment in crypto.

Jamesdila1

member

Activity: 686

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if you reach 5X or more profit then you can happily exit from a position. also check the total marketcap increase too. chasing more money sometimes give you a loss.

Ambers

member

Activity: 476

Merit: 11

I am very funny to read that a person is seriously going to develop a strategy that will allow him to exit the market. We have only just passed the bottom, and now you should not worry about it. The time to exit the market and the sale of assets will come only in a few months.

hardhardy

jr. member

Activity: 59

Merit: 2

Quote from: TUMAS on December 17, 2018, 08:59:05 AM

Yeah long term but I will want to get out some if you know what I mean.. So I am trying to see whats the best strategy

Live with the fact that I'll pay taxes and at least move somewhere where taxes are reasonably low.
Then wire and do what I gotta do.
Sucks, but that's real life

karman383

full member

Activity: 384

Merit: 100

Quote from: TUMAS on December 17, 2018, 08:49:58 AM

What is your exit strategy?

I would like to have a clear vision on how to extract my funds if another bull run happens.

What are your opinions? I am trading in USTD

Thanks!

It would be better if the strategy was fully planned and started when the price situation was still below. If a Bull run occurs, I will buy an altcoin that is already in the top 5 Altcoin. Or at least I bought Ethereum with my savings. Well, how do you rely on USDT? Has it provided many benefits as long as you become a trader here?

coinbirds

full member

Activity: 588

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When trading you always need to have a trading plan which includes exit strategy as well.
For me taking profit is important and always stick to my predefined trading plan.
If things go differently from your plan you should have to exit and do not let a coin taking you down.
Using stop loss is a must if you want to be successful overall.

OluwaTosin10

jr. member

Activity: 546

Merit: 4

Quote from: TUMAS on December 17, 2018, 08:49:58 AM

What is your exit strategy?

I would like to have a clear vision on how to extract my funds if another bull run happens.

What are your opinions? I am trading in USTD

Thanks!

I’m not sure about your type of exit strategy
But when you mean exit, and store it in usdt, that’s not smart for me

I prefer to have my profit in fiats, it’s safest for me to be honest
I Sell high, and secure my profit in fiat

Ultimist

full member

Activity: 812

Merit: 102

I also believe that it is important to designate the amount you want to obtain from investing in any coins. And mark the lower limit for the sale of such a coin, if the price starts to fall. No need to listen to anyone, because these indicators are different and everyone has their own opinion on this matter. No one can know your preferences better than you.

taguig

copper member

Activity: 479

Merit: 11

Quote from: prowe on December 17, 2018, 10:36:50 AM

Quote from: chocopapaya on December 17, 2018, 10:22:30 AM

Most countries you have to pay tax off of your investments and if you use a centralized exchange that converts your crypto to fiat then you will have to report it.
To avoid this, just go straight to the buyers.

That's a terrible advice. Going directly to the buyers, like all the trustworthy parties involved... ahum Roll Eyes

I also would not think of trading my coins from person to person, there is a lot of risk to that, I'm ok with the tax as long as my money is safe and I can withdraw it, even here in Bitcointalk there are scammers unless you do an escrow which is quite costly too.

Perkovic

jr. member

Activity: 154

Merit: 1

I'm not going to leave cryptocurrency because I think that this is a revolutionary technology and you can make huge money on it in the future

Topic: Exit Strategy - page 4. (Read 1367 times)