Topic: What's your exit price(s) on this bull run? (Read 564 times)
I'm not going to sell bitcoin unless it's absolutely necessary. I'll keep hoarding and spending some of it along the way. The price will continue to rise, because even though there is a substantial decline, it will still have significant value, so it will not worry me that much. I just hope that it becomes more commonly used so that making transactions with it becomes simple and convenient.
Actually, I don't have any intention to hold bitcoin for long term investment anymore since its price just increase above $42.000. I've sold my holding since I bought when its price below $15.000 and I collected as much as I can at that time.
Still very nice profits from that level, considering where you made your entry. Profits still profits as how I understand this business.
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But, when its price was broken a previous all time high $20.000 I just focus on where the high price that will be reached and I choose $42.000 as my entry sell and it was credited.
Well executed and if you are a person who value profits that's very cool earnings out there.
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Now, I just using short term investment strategy. When its price is trying to reach the previous all time high then I'll put the entry sell in the previous all time high. Because at this price there will be a rejection and I always afraid that the previous all time high can't be reached then its price will be dumped.
Nice strategy and if you closely monitoring the movements most of the time this one is true, all time high once experienced corrections, there are many rejections to happened before it will completely breakout.
I cannot either name my exit price in bitcoin because as of now i have a strong gut feelings that bitcoin will continue to take the road of hitting a new ATH and as of now i feel comfortable that even i left even a half of my bitcoin in my hard wallet it still have a value. So far today, i am enjoying watching the market seeing that my favorite cryptocurrency is in green arrow and yeah its like a candy in the eye seeing bitcoin in its new value today of $59,999.
into that level which is understandable because selling off point on why these corrections are pretty common and when it comes to exit strategy then this will vary into each of everyone.
Some might be selling out on 59k or 60k or 65k depending into their own target and as long you do make out gains then that what matter most.
Actually, I don't have any intention to hold bitcoin for long term investment anymore since its price just increase above $42.000. I've sold my holding since I bought when its price below $15.000 and I collected as much as I can at that time.
But, when its price was broken a previous all time high $20.000 I just focus on where the high price that will be reached and I choose $42.000 as my entry sell and it was credited.
Now, I just using short term investment strategy. When its price is trying to reach the previous all time high then I'll put the entry sell in the previous all time high. Because at this price there will be a rejection and I always afraid that the previous all time high can't be reached then its price will be dumped.
But, when its price was broken a previous all time high $20.000 I just focus on where the high price that will be reached and I choose $42.000 as my entry sell and it was credited.
Now, I just using short term investment strategy. When its price is trying to reach the previous all time high then I'll put the entry sell in the previous all time high. Because at this price there will be a rejection and I always afraid that the previous all time high can't be reached then its price will be dumped.
I cannot either name my exit price in bitcoin because as of now i have a strong gut feelings that bitcoin will continue to take the road of hitting a new ATH and as of now i feel comfortable that even i left even a half of my bitcoin in my hard wallet it still have a value. So far today, i am enjoying watching the market seeing that my favorite cryptocurrency is in green arrow and yeah its like a candy in the eye seeing bitcoin in its new value today of $59,999.
i have no "exit plan/price" unless you mean an exit from fiat.
my plan is simple: i sell if and when i need to, at whatever price it is at the time and cash in as little as possible.
for example i sold enough years back to retire and that took a good chunk. and i do try to cash out enough periodically to have a cushion for a couple years for when the bear market returns. and while i try to time it for decent prices ive long learned that timing an accurate top is not my thing.
so exit strategy? ah no. its the "stay in the game" strategy that matters.
my plan is simple: i sell if and when i need to, at whatever price it is at the time and cash in as little as possible.
for example i sold enough years back to retire and that took a good chunk. and i do try to cash out enough periodically to have a cushion for a couple years for when the bear market returns. and while i try to time it for decent prices ive long learned that timing an accurate top is not my thing.
so exit strategy? ah no. its the "stay in the game" strategy that matters.
Seeing quite a few predictions here based on log charts that BTC is going to 150k, 200k, 400k, etc. by EOY then crashing 50-90% in '22. If you think the markets are going to follow this pattern a la 2017, then what are your exit points and reentry points? These could always change but I'm interested in what your medium/long-term strategy is to capture most of the anticipated highs of the bull run.
I'm still accumulating through DCA.
If you're trying to take short term profits, then honestly this is a good exit point. I think that anything that gets remotely close to 6 figures is going to be nearing dangerously frothy territory. $60k is not a bad exit price either.
But my goal isn't to take short term profits (and potentially incur a CGT event, for that matter) - I'm still accumulating for the sake of hedging against a imminent fiat collapse as opposed to trying to construct a profitable short term speculative position. Which is why I'm only selling if I absolutely need to, in order to cover living expenses etc.
Seeing quite a few predictions here based on log charts that BTC is going to 150k, 200k, 400k, etc. by EOY then crashing 50-90% in '22. If you think the markets are going to follow this pattern a la 2017, then what are your exit points and reentry points? These could always change but I'm interested in what your medium/long-term strategy is to capture most of the anticipated highs of the bull run.
I cannot suggest my exit price of bitcoin for this bull run at the present moment because no one is sure how high will it go. I think when you see a parabolic move like 20-25K upward movement in a day or two, you should be caution because all bull markets are most parabolic at the end.
Finally Bitcoin made it to the price of $ 60k, which is indeed my target exit price. But even though my target has been achieved, I only sell part of the Bitcoin that I own. Because based on my analysis, it is possible that the Bitcoin price will still go up again. But even if the price of Bitcoin goes down, I will buy Bitcoin again with the money from selling Bitcoin at a price of $ 60k. I predict Bitcoin will go up to $ 75k this month, after which it will correct down to $ 57k. The price of Bitcoin is very volatile this year, but if we do the analysis correctly it can be used to generate profits.
That's what I did long time ago, I had my target exit when it was under 20k, now I am still in, and got in even a bit more, because I believe bitcoin will keep going up long term.I am not afraid of price going down these days, traders should be worried about it because they could sell at the top, buy at the bottom and keep trading if they want to but I am not a trader, I am an investor and I invested into bitcoin and since I am not a good trader I may lose money while trying to trade, so instead I end up with putting money into bitcoin constantly and make that kind of money, this way I know that even if it falls, it will be over 60k one day, and 70k and 100k and even more, it doesn't matter even if we fall to 10k again, I know that 100k will come, this is why trading is a lot easier for me, because this allows me to do just one thing; keep buying bitcoin.
Finally Bitcoin made it to the price of $ 60k, which is indeed my target exit price. But even though my target has been achieved, I only sell part of
the Bitcoin that I own. Because based on my analysis, it is possible that the Bitcoin price will still go up again. But even if the price of Bitcoin goes down,
I will buy Bitcoin again with the money from selling Bitcoin at a price of $ 60k. I predict Bitcoin will go up to $ 75k this month, after which it will
correct down to $ 57k. The price of Bitcoin is very volatile this year, but if we do the analysis correctly it can be used to generate profits.
the Bitcoin that I own. Because based on my analysis, it is possible that the Bitcoin price will still go up again. But even if the price of Bitcoin goes down,
I will buy Bitcoin again with the money from selling Bitcoin at a price of $ 60k. I predict Bitcoin will go up to $ 75k this month, after which it will
correct down to $ 57k. The price of Bitcoin is very volatile this year, but if we do the analysis correctly it can be used to generate profits.
Another all time high with the price reaching around $59,900 and i have no expectation how long this rally will last as i have already booked some profit and now i am waiting for a few months to see how long this rally will last and then take a position on booking my entire profit rather than a valuation in mind as these are uncharted territories and i have placed a stop loss in case the market goes below $40k.
Depending on market movements to sell and buy, i have no intention of selling BTC because the profits from crypto are still increasing steadily. Some plans i have set for myself, maybe sell out when it hits $100K and wait to buy it back.
Instead of guessing where the top might be you should just wait for a huge dump (40-50% from top) and then use Fibs and sell on the 0.50 or 0.618 fib. If you looked for the past 3 bull market tops, using this method would make you sell pretty close to the top.
So if we go to $100K and we get a nasty correction to $50K, then the fibs will be at $75K and $81K. And I think many people will be looking to get out at these levels. Sure you lose out on selling at $100K but it prevented you from selling too early like at $20K late last year. Or at $49.9K thinking $50K wouldn't break.
So if we go to $100K and we get a nasty correction to $50K, then the fibs will be at $75K and $81K. And I think many people will be looking to get out at these levels. Sure you lose out on selling at $100K but it prevented you from selling too early like at $20K late last year. Or at $49.9K thinking $50K wouldn't break.
Not usually one to agree to with waiting out the top and waiting instead for the huge correction that should happen after ATH. Only thing I would say that if we continue to creep up like this, setting new floors every level before setting off again, then I'm not certain there will be enough overheating to create with a massive 50% dump as before.
Interesting nevertheless to see if that is still possible after six figures.
Seeing quite a few predictions here based on log charts that BTC is going to 150k, 200k, 400k, etc. by EOY then crashing 50-90% in '22. If you think the markets are going to follow this pattern a la 2017, then what are your exit points and reentry points? These could always change but I'm interested in what your medium/long-term strategy is to capture most of the anticipated highs of the bull run.
my entry point would be: $59,500 (yes I will buy only if I see that the price broke the resistance of $58000) and would sell if the price reached $ 72000 (if in the case there is a very strong resistance at $ 72000), in this case if I buy at $59500, I'll put Stop - Loss at $57500
I still think it is impossible for the price to fall below $43000, but if it happens I would buy it
Instead of guessing where the top might be you should just wait for a huge dump (40-50% from top) and then use Fibs and sell on the 0.50 or 0.618 fib. If you looked for the past 3 bull market tops, using this method would make you sell pretty close to the top.
So if we go to $100K and we get a nasty correction to $50K, then the fibs will be at $75K and $81K. And I think many people will be looking to get out at these levels. Sure you lose out on selling at $100K but it prevented you from selling too early like at $20K late last year. Or at $49.9K thinking $50K wouldn't break.
So if we go to $100K and we get a nasty correction to $50K, then the fibs will be at $75K and $81K. And I think many people will be looking to get out at these levels. Sure you lose out on selling at $100K but it prevented you from selling too early like at $20K late last year. Or at $49.9K thinking $50K wouldn't break.
Seeing quite a few predictions here based on log charts that BTC is going to 150k, 200k, 400k, etc. by EOY then crashing 50-90% in '22. If you think the markets are going to follow this pattern a la 2017, then what are your exit points and reentry points? These could always change but I'm interested in what your medium/long-term strategy is to capture most of the anticipated highs of the bull run.
I already made my exit last February when the value climb up to 58k and had Bought back when the price drops down to 47k.I think i had enough for this year , or i mean for this quarter and the next.
maybe i will check the opportunity again in the last quarter at least November or December ?
Maybe those opportunity may give us more profit before the fall happens in 2022 .
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It's hard to have an exit just when things are looking good on the price, if you don't need to cash out or there are no good coins for me to invest I prefer to keep my coins in my wallet, I just follow the market for any hint of a shift from bull run to bear market, but even if we are in a bear trend I prefer to keep a portion of my coins in my wallet.
Try to use fibonacci to help you give a hint whether the price is already good for selling your tokens or not. It's better than just trading without any basis for your take profit because you will never sell your token especially when the price is continuously rising even though a reversal might occur.
It's hard to have an exit just when things are looking good on the price, if you don't need to cash out or there are no good coins for me to invest I prefer to keep my coins in my wallet, I just follow the market for any hint of a shift from bull run to bear market, but even if we are in a bear trend I prefer to keep a portion of my coins in my wallet.
Seeing quite a few predictions here based on log charts that BTC is going to 150k, 200k, 400k, etc. by EOY then crashing 50-90% in '22. If you think the markets are going to follow this pattern a la 2017, then what are your exit points and reentry points? These could always change but I'm interested in what your medium/long-term strategy is to capture most of the anticipated highs of the bull run.
Have no particular exit price but i will go on to 100,000$ price within this year alone.i don't care if the value exceed to 110-150k$ but what i want is a 4 folds to my capital and 100k is enough to reach that and actually that is more than the plan.
I know some will disagree but if you are investors and knows how to watch market , you will not take that HODLING forever term because we are here to make money and not for helping Bag holders to gain and gain more because we are stupid enough to Pay attention to that Hold and hold while we can Buy and sell in the right timing .
I don't intend on ever selling bitcoin unless I really need to. I will continue to hodl and spend some of it along the way. The price will continue to climb higher and even if we see a huge drop it will still probably have significant value that it won't bother me too much. I only hope that it becomes more widely adopted so it will be easy and convenient to make purchases with it.
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