Topic: The exit plan (Read 447 times)

Exit plan?? What you really mean by that?
P/s: Okay... I get your point now ...but nobody really cares about whatever plan you speak of to exit the Market - some peeps really do buh I'm hearing that for the first time anyways..
I think it's just best to understand how the market strategy goes by; making profits and staying at that coast is all you really want... Maybe your question is when you can possibly opt out from the market with your profit?? You need to get into technical and sentimental analysis; where you can read the charts and understand where every ATH comes sequentially.... Cus with the volatility every crypto market has, your coins can varnish within some minutes...

Sandra 🧑‍🦰

I really don't know what you mean by existing plan. Is it still the same thing as thestop, lose, and take profit kind of thing? Where one needs to have a particular rate and price where they have decided to take home a profit. If that's what you mean by the Exist plan, then we all have that, but I don't think it's actually that effective now, especially in this generation where we are driven by greed to make more profit out of our investment. Most times, when we hit our profit target, we seem to always try to exceed it, believing that more profit can be achieved.
 
What I do most times, in order not to be a victim to loss, is slide down my holdings and sell a few the moment it hits my target and keep others with hope to sell when the price goes above where it is, but if it doesn't, then I will not completely regret my actions, for I have taken a few profits.
 
If one works and holds on to their existing plan, there will be a limit to the level of wealth one is actually going to acquire. Having no stopping limit in terms of profit helps in pursuing further with the desire to win and earn more while maintaining a good business standard.

Just this sentence
Not sure if you know what they call human greed when it comes to money alone will let you to know in this business many don't have an exit plan because of the greed involved, like it just got me laughing    As I read through your reply I think he will definitely understand it when he gets to that stage of so much money and will still want more of it..

If they don't have plan to take profit or have it but break it when price hits their target price, they will wait with hope that price will reclaim that target price or break it.

Life is bitter like this, price will not reclaim that high one but will be corrected more, fall deeper and after a while of patiently waiting, they will become disappointed eventually. Their reaction will be selling with small profit or even with loss. People belief looks to be stronger when the market is bullish but within a same period, their greediness increases too. When the market is bearish, they become less uncertain, their belief will be broken and fear, disappointment will trigger their exit, no plan.

Seriously, a lot of people end up losing opportunities to make reasonable profit from the crypto investment because they never have selling targets,and all the roots of it are greediness. Human beings are hardly satisfied, especially with money. Many that even have a selling target at initial stage when it reaches when they should sell and take their profits to minimize their risk in the crypto industry always forget about the negative side of their investment because of their greed.
 
What I know is that everyone should get their exit plan because it is what will determine the profit we make, and I see it as a strategy in the industry. Many of us have different plans for the money we invested in the crypto sector, including the profits we are aiming, so I see no reason why we should be greedy when it reaches our target price.

When you say exit plans,  you make Bitcoin look like some shitcoins that can be pumped and dumped at will and its investors constantly looking for a point where to make the cash out which can be said to be an exit point for them because they are aware of the fact that the coin may never rise again after that period.

But when you are talking about Bitcoin,  I will overly suggest that you never pull an exit one on Bitcoin because Bitcoin is for long-term purposes and is not something to gamble with at frequent intervals like shitcoin is so for that m,  there is no need for me to have any exit plans.


I have never thought of that and I don't think I will have that thought in a long time to come.

That exit plan somehow confuses me. If you mean OP that you’ll have to exit from your investment once you have been satisfied with your profits, then that’s an investor’s choice actually. The only reasons why investors exiting from their investments is that they are fully satisfied with their gained profits which I think will be very rare to happen or they just want to leave their investments for good as they are no good for it and just keep the losses even higher.

Every investor has its own exit plan and that’s when you decide to sell because your target of making profits is now very visible but I don’t think investors will stick to that knowing once there are still opportunities to be in profits, investors will keep on chasing for it. However, it also depends on you on whether to sell right away when there is visible profits or just continue to accumulate and maximize your bitcoin investment. That way, you will have a lot to sell and gain once the bullish season takes over the market.

Will it interest you to know that so many people do not have an exit plan in cryptocurrency investment. I have seen people who has been holding a particular coin (bitcoin), for so many years without selling. Whenever there is bull, the coins will appreciate greatly and they will keep blind eyes at it and the coins will fall again during the bear period.

This is the set of people who has no clear definition of what they will do with their coins or the profits that comes therein. I have heard from an economist who said, saving without a purpose is not saving. Likewise, investing without an exit plan is purposeless. The plan should be to exit at a particular price or when there's a new ATH.

The best method to exit an investment is withdraw in percentage following the movement of the market. You don't have to withdraw at once and you don't have to be greedy and leave all when then market is pumping. This is the reason bitcoin dumped on people during the last bull run because they were anticipating 100k.

Having a proper risk management strategy is paramount and the use of stop loss can't be over emphasized if you want to survive in the industry because there is always a consciousness i have never to consciously watch my capital drain down and that's what stop loss helps to fight.
If you want to succeed in the industry,  then you should spend more time studying about what you intend getting into so as to get a better knowledge  of it because cryptocurrency and bitcoin  are very volatile assets that can't be easily predicted.

And since you're on the forum, I want to let you know that you're at the right place and if you take your time to stroll round the forum, you might get answers to any challenge  you might face while studying and if you don't, you can simply create a thread to ask.
Goodluck.

Exit plan as how? Leaving investment after making huge profit? I don't think investors need exit plan. They can take their profit and continue the investment because that is their business whether in dip or in bull. Exit plan can only be done in trading. You can do exit plan for trading and take a break after making profit of the day, week profit. Except that, I don't think investors need exit plan.  Investors can rest when the coins are still in the wallet for a very long time.

Exit plan is somehow needed when we are trading or dealing other investment deals to any platform but many fail to execute their plan because the greed to earn money is always covering them up because they think that they can even earn more with it. If people could control theirselves and properly executed their own investment planning for sure we can see less people complaining that they are been burn out by wrong decision they made on their money.

Exit plan? If I ever need the money, lol. Just kidding, though. I would never sell my purchased bitcoins at a lower price than their buying price, unless I require some funds again. Since I have confidence in Bitcoin, why would I sell it at a lower price? Therefore, my strategy is to wait for a buying opportunity and sell it at approximately double of its price. I also engage in long-term hodling, so I divide my Bitcoin investments into these two categories.

First, you need to throw out this part of the "huge" profit. Reduce greed a little. I know that you can hear everywhere how "someone" got rich on an investment of only $10, but these are just fairy tales, if there is even a close case, it is very rare.


What exit? From where?
If you mean exit as getting out of crypto, I wouldn't see the possibility of making a meaningful exit strategy here. After a long time, few people want to go out without a special reason.

Exit plan? well the end game for the majority of us here is that when we profited already. But still depends on you, how much profit you want to take? like in terms of fiat money or percentage from your initial investment?

So no one can answer you directly? still up to you how big the profits is in your mind.

There are investors despite having lot of bitcoin thru period of accumulation, numerous bear and bull market, they are not not selling a bit. And then there are short term holders, who's goal is to just make some profit and then sell.

I usually stick to the basic of buying low and selling high. When I see opportunities to make profits, then I take part in selling some coins and just buy back again when prices have declined. That is not something new to discuss but it’s always the most effective strategy for me. No need to resort into other exit plans, as long as you are comfortable with it and it’s somehow reducing the risk of losing, then I’m settled with that.

Actually I am not an experienced investor, but here is my sharing.
The exit plan in this case is forever or is it just one strategy in a certain cycle or season? If it's forever, I think I don't expect this because to be honest I've fallen in love with crypto and hope that I will continue to be in the crypto business which is increasingly worth it This. However, if what is meant is an exit plan in certain situations in crypto investment, it seems that I have a bit of that that is included in my strategy. One of them is to continue holding certain cryptos, especially Bitcoin for a while, until finally I find the target price that I want. Usually, there will be several signs in a certain era, in this case a bullish era, where the target price that we expect is likely to be appropriate or not. Therefore we need to focus and analyze at that moment. And when it reaches the price (either all in or through several price targets), then I will take profits from my investment. Because I learned from the past during the bullish era, I was too greedy so I hoped that prices would continue to soar, whereas in reality it was not like that. Therefore, this is my exit plan at that moment later. After that, there will be several more strategies to start investing again with some preparations when the market drops. And do the same process as before with some evaluation.

I don't plan to get out of investing in bitcoin but I always have a sell target for the next one and I will take some profit of course it won't sell all holdings but at least when ATH comes back I plan to sell 80% and when the bitcoin price is corrected again and it's normal this often happens after ATH, so I started accumulating from low prices, of course, buying on a defensive basis or using the DCA method.

I made some profit with Bitcoin during the bull run (2021), and the truth is that I sold all my Bitcoin quite early, even before it got to ATH. The lesson learned is that it's not very wise to sell everything you have when the price of Bitcoin is uptrending during the bull market unless you have a target price that you have already planned to sell off, but even if you have that target price, it's good if you still hold some Bitcoin, so that if the price sees more uptrend, you would still have what to sell and make more profit.



Cheers 🥂, Dr.Bitcoin_Strange 👺👺

Once you have invested in Bitcoin, you must consider when to start selling your Bitcoins. So far, I've been trying to sell my Bitcoin at the highest price and did it at the ATH price yesterday. And after that, I'm trying to buy some more Bitcoin with that profit, use it, and keep the rest for my life.

And before the next increase arrives, you can still do DCA, namely buying Bitcoin regularly to have lots of Bitcoin. And when the Bitcoin price increases sharply this year, next year, or even in the next 2 years, you are ready to sell it at the new ATH price. But you must understand that holding Bitcoin will never be easy because negative news can make you panic.

So you have to prepare the way out you want and never follow other people's advice if you don't fully understand it. You better set yourself up based on your analysis so you will feel satisfied with your decision.