if you are not going to quit trading better cash out part by part with wgat you need to spend. here in the philippines the only way to cash out bitcoins is by using the official bitcoin wallet app which is called coins.ph
all of the alts should be converted to btc in order to transfer there and cashout with their official partners.
it is hard for me to belive that it is good to spend bitcoin because bitcoin itself can earn profits so better convert it if you want to buy something.
Topic: Please share your EXIT strategy... (Read 2604 times)
With masternode coins, my strategy is to keep the collateral but sell the proceeds from the nodes when the price is at a reasonable point (but even if it's lower than before).
That way I get BTC back for my original investment over time + plus I keep the masternode collateral over the long term because I believe the coins will go higher.
That way I get BTC back for my original investment over time + plus I keep the masternode collateral over the long term because I believe the coins will go higher.
Thanks all.
I read many different sides and learned lots. I appreciate the input.
Now, I hope I can put these to good (and actual) use.
I read many different sides and learned lots. I appreciate the input.
Now, I hope I can put these to good (and actual) use.
I am new and jumped all in...what I lack is exit strategy.
Not a full EXIT but to secure some of your "gains" to real earnings. OR...where/how to convert to cash when you expect a major dive so you can re-purchase when it is low.
Anyone have good tips when and how you do it?
Not a full EXIT but to secure some of your "gains" to real earnings. OR...where/how to convert to cash when you expect a major dive so you can re-purchase when it is low.
Anyone have good tips when and how you do it?
I've kept my assets 100% crypto for the most part. I have been wary of linking bank accounts and paypal to anything I do that is Crypto-related. To that end I have just switched back and forth from CoinX to BTC when needed. This is changing though because staking coins are going to be a large part of the future of Crypto and I am accumulating good staking coins and at some point I will redirect the stakes into BTC or some other coin.
My strategy is simple I don’t withdraw bitcoin using exchanges unless I am having urgency of money otherwise I will invest in the coin following from the long time when it is dumped very badly . Because long time holding coin will give approximate chances of rise.
Just have to set some stages to take some profit. Set a percentage. for every 10% increase, sell 3% of your holdings. If you keep it at a low percentage, you will always hold a significant chunk even if the price goes way up.
If you want to spend some more energy, you can do a little bit of long term trading this way. Split the takings into profit and then a "short/re-invest" pool. When the price goes down put some of that money back into the same project or if you find a new project you want to invest in, put it in that (but save it for an overall bear market).
this way your exit strategy is built in, automatic, you don't have to wonder if you are doing the right thing.
If you want to spend some more energy, you can do a little bit of long term trading this way. Split the takings into profit and then a "short/re-invest" pool. When the price goes down put some of that money back into the same project or if you find a new project you want to invest in, put it in that (but save it for an overall bear market).
this way your exit strategy is built in, automatic, you don't have to wonder if you are doing the right thing.
I plan on holding almost everything until BTC is a decently major accepted currency. I can buy a lot of things with it already. To me I do not care about the daily swings between $4,000 and $4,600, I am in for the $10,000 -> $50,000 mark.
This is money I do not really need and treat it as investments and intend to keep on growing it.. technically this is my exit strategy from USD!
Hate to say it, but I don't think BTC will ever reach the acceptance you seek. Some other coin maybe. BTC has too high fees and is too slow. This is money I do not really need and treat it as investments and intend to keep on growing it.. technically this is my exit strategy from USD!
POS would be better for this. Verge maybe?Stellar?Ripple?
I am new and jumped all in...what I lack is exit strategy.
Not a full EXIT but to secure some of your "gains" to real earnings. OR...where/how to convert to cash when you expect a major dive so you can re-purchase when it is low.
Anyone have good tips when and how you do it?
Not a full EXIT but to secure some of your "gains" to real earnings. OR...where/how to convert to cash when you expect a major dive so you can re-purchase when it is low.
Anyone have good tips when and how you do it?
Well i don't entirely "exit" all my coins since i've known to keep some in exchanges. Well btc that is. Usually i wait for profit to go to 5-10% and then i observe. That 5-10% profit would be a gauge ifbi'm going to sell some or not
Maybe take out 15 or 20% out from the portfoilio everytime you reach an assigned mark. I take out 2000USD everytime I make 10,000 USD. Time is not of essence for this. By 2020 I might take out 50% of whatever I will have from crypto.
I'd sell mine as soon as it's half is equivalent to a good house. The problem is to define what "good house" is 
My Exit Strategy is some different within a all of the person but some of the most person is use it . When my Bitcoin target is fillap then i sold some bitcoin if i lose i don't sold my btc . I sold my all bitcoin via local btc. Local btc is one of the best selling and buying site of btc.
Initiating a trade without a clear exit strategy is a recipe for disaster. Determine beforehand the price at which you’ll cut your losses if the market moves contrary to expectations. This level is known as a stop-loss and it’s critical to market survival. Limit your losses below 25% of your position size. A stop-loss is wisely placed on the other side of a level at which price has reversed previously, the more times the better.
The converse of a stop loss is the profit target; the level(s) at which profit is taken when price behaves as expected. Profit targets are best-placed slightly before previously significant levels. If price exceeds your expectations by penetrating significant previous levels and maintaining a strong trend thereafter, consider substituting your target(s) for a trailing stop ; this acts as a ratchet on your profits.
The converse of a stop loss is the profit target; the level(s) at which profit is taken when price behaves as expected. Profit targets are best-placed slightly before previously significant levels. If price exceeds your expectations by penetrating significant previous levels and maintaining a strong trend thereafter, consider substituting your target(s) for a trailing stop ; this acts as a ratchet on your profits.
I am new and jumped all in...what I lack is exit strategy.
Not a full EXIT but to secure some of your "gains" to real earnings. OR...where/how to convert to cash when you expect a major dive so you can re-purchase when it is low.
Anyone have good tips when and how you do it?
Not a full EXIT but to secure some of your "gains" to real earnings. OR...where/how to convert to cash when you expect a major dive so you can re-purchase when it is low.
Anyone have good tips when and how you do it?
I've kept my assets 100% crypto for the most part. I have been wary of linking bank accounts and paypal to anything I do that is Crypto-related. To that end I have just switched back and forth from CoinX to BTC when needed. This is changing though because staking coins are going to be a large part of the future of Crypto and I am accumulating good staking coins and at some point I will redirect the stakes into BTC or some other coin.
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actually i am not calling this exit strategy because once i selling my coins, i am not selling all amount but i am only selling half or quarter to gets my base money back and take a little profit. i keep the rest of the coins for another highest increase and i can wait for a long time. its good to trade like this because we still have the coins in our wallet while we can do daily trade if in that day we can make profit too.
My exit strategy is that I don't have an exit strategy. I'm waiting for mass adoption of crypto and then I'll just spend it as I would my fiat! Just kidding, I'm bullish on crypto but im very risk adverse. Accordingly, Im not all in on crypto, it's maybe 3% of my assets. If it ever gets to 25% I will rebalance my portfolio by selling some and buying some mutual funds.
I am new and jumped all in...what I lack is exit strategy.
Not a full EXIT but to secure some of your "gains" to real earnings. OR...where/how to convert to cash when you expect a major dive so you can re-purchase when it is low.
Anyone have good tips when and how you do it?
Not a full EXIT but to secure some of your "gains" to real earnings. OR...where/how to convert to cash when you expect a major dive so you can re-purchase when it is low.
Anyone have good tips when and how you do it?
The win win strategy is Just invest the amount only what you think you can afford to lost. If you lost this investment then it will not hurt you because you already declared that amount lost is nothing but if it will sucess then you will earn suprisingly unexpectedly in that would be great.
Not necessarily an exit strat, but there are stable coins, like SBD (steem dollars) that are pegged currencies. This is a good way to lock in gains, if you assume there will be a correction. Stable coins have been talked about for many years, but still not many options. I'm really excited for more stable coins in the future.
I don't really have any exit strategy. I've been mainly focused on strategies to accumulate more BTC and other good coins 
I am new and jumped all in...what I lack is exit strategy.
Not a full EXIT but to secure some of your "gains" to real earnings. OR...where/how to convert to cash when you expect a major dive so you can re-purchase when it is low.
Anyone have good tips when and how you do it?
Not a full EXIT but to secure some of your "gains" to real earnings. OR...where/how to convert to cash when you expect a major dive so you can re-purchase when it is low.
Anyone have good tips when and how you do it?
I mined bitcoin then litecoin early on. So a huge stake of my coins were not bought, in saying that my exit strategy is a slow one. Every time a coin doubles in value I sell 10% of may bag. Ive been doing that since btc was a few hundred $ and litecoin was $5.
Regarding the alts Ive bought, I sell 50% when my the price doubles and hodl the remainder for years there after.
cheers
groko
I'm hodling forever. I'll take out loans out to pay off bills and make major purchases using crypto as collateral (see SALT / Meridian / etc..), but not ever planning to sell 
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