Bitcoin Forum

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!

Long term brother!

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

If my investment is ever reaching a level where it can seriously alter my life then i'll begin to draw down my investment. Similarly to buying in a dip where I'd advise people to spread out their buys over time, I will sell gradually when I think the top is near. So as to hedge disappointment both on missing the top or selling too early. I will also always aim to leave a strong amount in to crypto and not invest all that I withdraw straight in to something else. If timed correctly I might be able to buy back at the next dip my initial holding but for 1/5 of the price.

Is trading in USTD a good thing? as most exchanges dont support EUR and when I come to withdraw I will have an extra fee to move to EUR or USD from USTD

It had been changed now.
The exit strategy is when the token is listed in an exchange. That moment they already get out as fast as they could.

You are trading USDT in which pair?
If it is just USDT then you wont need to worry anything. That is 1:1 to USD. You should be looking at how strong the USD is only.

So If I have XRP/USTD on binance I just send to Coinbase and bitrex for example and send to bank?

My opinion: Do your research, pick some projects from the bottom, undervalued ones.

Currently I'm working on XSTC and two programmers are busy (in their free time) building the fundament of a future freelancer platform.
A project with a user purpose called https://gronzo.com (https://gronzo.com) and Safe Trade Coin (XSTC) will be integrated within the platform.

I think there are several projects like this one, able to pick up for a few SAT.

Try to connect, contribute and together you are able to change the world and influence conventional markets.

To answer this question is very difficult. I can assume that the next bull run will be stronger and prices will rise even higher. We do not know at what level the market will stop. I think we will see both panic buying and panic selling. But of course, many players will not be ready for this ... You need to determine for yourself the price level at which you will be ready to sell your coins. Must be a plan :)

My only exit strategy is if I profited from my investment. It's simple but I think anyone can pull it off though it's not the smartest thing.

The first thing is to fix your eyes or mind on the price you want to cash out. Nobody will ever know the peak of the bull run as we also dont know the bottom of the bear market. If you can afford some money now, buy more. Never buy when it is going up, when it is reaches the price you want to cash out, dont be greedy, take your profit and run.

Yes yes deciding on the price is secondary. I want to know what and how is the best way to move your money and profits around to withdraw.

Many now go to Fiat, and are waiting for the right moment to have time to go at a low price.

My exit strategy depends on how large is the volume on both selling and buying request, how the bar goes and the indicator scale on how traders reacts with the market. I maximize the stop limit option in binance to avoid wasting my time looking on buy and sell requests. By doing that, i manage to control my emotions and greediness to take a profit. My indicators for selling is between these numbers after the dot.

0.189, 0.487, and 0.98

The principle is that if people mainly use cryptocurrencies for speculating it will take longer until mass adoption will take place.

Too many people are only using crypto for their own benefit, looking to enlarge their own capital instead of contributing themselves.

We can overwin if we all cooperate better! We need solid projects instead of shorts mentality.

Greed and selfishness keep dominating...

Don't listen to the people saying, "Long Term!"

Take a really hard look at your finances and then make realistic goals.
Specifically, how much you want to earn and at what price point you will cash out.
The people who are making actual real money off of investing do this and then set another specific buy in when prices crash.
The fools are the ones who eternally hodl or just go through the never ending cycle of trading.

Of course, the best way to cash out is p2p.
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.

Start gaining a network, you can always do that here in the Marketplace section.
If not, than the best solution is localbitcoins.com, essentially an EBAY type place for btc where you can set your own sell price and how to get paid.
You can set the terms to get paid by direct bank deposit, western union, even cash

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

My exit strategy for this market is not to leave until everything goes to zero. As for my exit strategy for my tradings I would like to have an nice 5% above profit and 3% loss before I leave a trade.

Trade into fiat, fiat is on fire as hell. There is the time where fiat is on bull run and crypto is on bearish. Once it turn back, crypto will be on the bull run.

if you choose usdt the best strategy is to be able to sell and hold long term. You can make it as an option because USD can be the most stable and suitable coin for the long term

trading on USDT is the right choice, besides the price remains stable, you don't need to worry about big losses, but unfortunately to make a big profit on USDT is very difficult.

looking for profit at USDT is totally nonsense, USDT is just a suggestion to secure assets, it's better to choose coins that are clearer and certainly have less dangerous fluctuations. The USDT however will only spin at that price. So even in large amounts of assets, profit is not too much

USDT to what?   ???

USDT wont change its price so you wont have any profits from keeping it. It is just the online currency version of USD.
Even if you hold it for years, you wont get any out of it.

Better do other altcoins to bitcoin and vice versa or ERC20 tokens to ETH and also vice versa.

25% of my bitcoin will be sold probably at $50,000-$100,000.

As much as possible Ill remain few bitcoin up to 2030 and so on. And how you can make profit with USDT? its a stable coin unless you transfer your profit there.

i fully approve if a new bull-phase in the market will start should not let itself be carried away by euphoria and sell everything but perhaps turn most of the capital into a stable coin that is easier to manage

But there is no clear solution here , I think you need to sell at different levels, so it will be much safer , but of course you need to read more literature on trade there are well described exit points

Probably the reverse of the way in is the easiest. If you converted to fiat via coinbase, then simplest is probably sending your BTC or ETH to coinbase then converting to fiat there.
Bear in mind that most alts won't convert to fiat directly, you'd need to convert your cryptos to BTC or ETH first before converting to fiat.
There are always fees though, so by all means look around for a better option if coinbase charges too much.

When another bull run come I would trade all my altcoins by selling them on the exchanges and then buying bitcoin and together with the bitcoins I already have I would send them to different bank account through OTC services and peer to peer exchanges. So that would be my variant for sure!

I think you do not need any strategy as it is very simple and straight forward to exit the market, i mean if you have decided to exit the market as soon as possible i will just suggest you to sell your holdings as long as prices reach your break even point, although you will miss out on big gains if we will see massive bulls again but if you are desperate to sell i think break even is good.

The strategy is to make a profit, but no one can say when exactly the bull run will end and the bear market will start again. In this case, do not be greedy and act on the situation. The main thing to overcome the desire to sell at a loss.

my exit strategy is that i will placed the oders of my alts at last time high..like id xrp touched 4$ last year then i will place the oder of 4$ if market touch the 400 bn$ marketcap and then wait for the next dip.. always cash out profits not the real capital

Okay, firstly you should be read for bullrun. It's difficult to sell when all market is growing. But you should partly fix all your investments. As for me, I trade to btc and I always hedge in btc and then buy by cheaper price.

What do you mean by exit strategy? Are you saying you went to cash out and then leave the crypto space. Well, as for me, i will continue in the line of cryptocurrency come what may. What i have learnt in the cause of engaging myself in different areas of cryptocurrency cannot be discarded.

my exit strategy is simple,, i will sell my coins when the price on oversold area,, mostly in daily time frame
then i will wait for another entry point when the corrections come, remember don't be greedy

I will sell everything for a fiat dollar. sure that this is the right strategy in this market

It comes from coins to coins, sometimes low project exit point is when it hit the market, people started to dump if it a good project, then you have to hold it and follow the development of the project, and of course there are a lot of pump group better subscribe to their channel and check if the coin you are holding will had a chance to get pump.

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

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.

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.

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

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.

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?

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

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.

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.

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.

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.

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.

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.

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.

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.

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 .

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

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.

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.

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.

If you look at the market, now when the price goes down, many go to Tether or other stablecoins

holding the altcoin the best choice for the long term but not that easy too, if you focus on the long term it means you are looking safe by looking for delayed profits. but back to your abilities too. if you can trade or want quick profits, maybe you can try trading on a large market and not just focus on one coin. but remember to trade risk is very high, so think first before acting ...

Cashing out profits is the way forward, what I normally do during bull run is to cash out my profits as it comes and leaving my initial capital to keep growing. Although leaving your investment for a long term is also advisable but since we can't predict the future when it comes to cryptocurrency we have to act with caution in hodling for long.

If you long-term investment is surely good, you likely have USDT but the value will be stagnant. Why? If you look at last price an annual markets the value cannot more than one dollar (USD) it worth stable.

I don’t know if the stablecoin price will up (high) and I think it which why us can say stablecoin is to stabilize the fluctuations in crypto. We can see crypto used as investment assets so impressive all the community too me, so no problem.

the question major:

1. Do you want to invest to future if that's true, you did not get income long-term the more in usdt.
2. If you feel it is good because the price was stable, to be for you.

but, return to plans you want to playing long term or short term.

Exit strategy is depend your money management to set take profit point, in this topic your mindset as trader/ investor take big part. Meaning who are you exactly, opportunist or safe person?. Time and calculation will create stop loss and take profit point depend your idealism. Up to you my friend but let me remain you never enter market before set your stop loss and take profit point.

I will sell all my ETH and BTC to USDT and wait for the market to move sideways. At that time I will buy  BTC and ETH and will sell them at a profit of 1-3%. It will be less risky and I can participate in bull run as it happens

I think am gonna watch the market trends then make decisions based on the unfolding events. These days it is pretty difficult to say exactly what would happen

Well, trading will not be able to provide instant benefits for you, you must be patient and wait until prices rise because if you are very easy to panic then it will be very difficult to get profits, holding coins for several years is a safe way.

Well, understanding and learning how to use technical analysis will not just benefit the traders but in your case, to exit the bullish market. Learn how to use resistance because if the resistance is broken, you can now sell your tokens.

What exactly do you mean in "exit strategy"?  The easiest way to withdraw your funds and exchange them for fiat would just be through crypto-fiat exchanges. There are plenty of them, just do some Googling.

Also, the more anonymous way would be through Localbitcoins. Trade your bags of whatever coin/token you are holding into Bitcoin and then use Localbitcoins to get rid of them.

Right now best strategy is wait.

And when bull comes there can be a strategy. I hope we don't make the same mistakes we did last year.

Well, in crypto there can be very quick price grows, so during holding you need to always look after the market in order to sell on time and then buy again when the price will fall

Just wait for another wave of hype that is going to happen during the first months of the upcoming year. Do not sell your assets for pennies and try to find some other hobby till the next bull run starts.

I have no exit strategy, since i will not leave the market.
The prices are currently not nice, but leaving the market is not an option for me.
I think crypto will recover sometime, the question is just when.

USDT is still my choice when want to avoid storm, even though recently USDT has many bad news and many investors lose lots of belief with it but if you look at its capitalization, if it collapse , whole this market will collapse too, and its price have also raised again and overcome 1 USD

price drop after coin hit exchange so the best exit would be selling it right away. you can buy it again at the lowest price but of course you won't know the lowest. also invest again and sell because that is what happening in crypto in the moment.

Commit a felony in tax evasion and then go on to likely get scammed in the process. Going p2p with any significant amount of funds is going to leave you broke or dead. Go to an exchange and pay your dues.

i would better not exit , will wait when there will be cards in my country and spend it from there . Ok spending is quite same as exit from crypto i guess , but i will hold as long as im happy to spend some of it . Crypto for me is like stocks currently .

You have to put a price when you enter the market and after the price is sure you want to be able to sell, and indeed regret when you see prices going down and do not know prices are rising.

Thanks all for your opinions!

In fact, this strategy is entirely relevant to your economic situation. long-term transactions do not always provide profit as a guarantee. I sell it when it comes to the level I'm targeting. And if I want to buy, I expect the price to drop. it is important to make a profit by putting the right profit targets.

As soon as my investments show exactly the result that I planned, then I will immediately begin to reduce my portfolio!

I bought a few coins a long time at a higher price, now I have to wait for a bull market, because now I have some losses. I focus on the long term.

It depends on you, what are your expectations for your investment, what I do when I invested in a project is to look at the project and value it at high price, so when this project hit this price, I start to take profit and scale out, and the most important thing to note is to remember that nothing goes up forever just like the recent bear market has shown us

For the next bull run I am planning to set a personal target before I take my exit from the trade. The truth is, there is no perfect exit. Just try not to be greedy and get out when you can

My strategy is to hold crypto till the moment when I will have enough funds for living. I believe in crypto and have no doubts that it will have a very bright and wonderful future, as soon as the mass adoption is going to be reached.

would be interesting what the early bitcoin adopters did to get their money out..

But you are really missing the technical part. Not just our money nor  time should decide where and when to exit. We should have proper plan for booking profit as well as for stopping the losses. When we do not have any one of these then we should avoid taking positions. It is like we are entering into trading without proper plan. Having a trading plan and sticking within that is more important for making consistent profits. A trading signal/call should have entry and exit levels for both positive and negative market trend.

After money and time, there are a lot of other criteria to be playing for deciding the outcome of your trading. One of them must be your technical analysis. So, you must give more importance to that.

Exit Strategy on your investments? You don't really need to do that much just learn how to learn wisely, and you will have some small profit even from some stable coins now.

Also learn how to expand your portfolio and your knowledge. It will really be a great thing even for new people in trading.

Wow too early to plan for the exit while we are still at the bottom. Anyway it's unpredictable and we might get another surprise in few months then it's good to have a exit plan. For me if my investment rise on the roof then I need to split and cash out half for personal reasons and put it in real business.

the best options when bitcoin price down in USD terms is convert all your bitcoin to uSDT
wich mean the value of your coins in USD terms is not changed,
then when the price of bitcoin rising, you can convert all your USDT to bitcoin as soon as possible,,
i believe will increase your bitcoin amount with that strategy, wich mean the profit is in Bitcoin my friend

So I also think that you just need to increase and keep hold your crypto until you will have enough money for the whole life

In this case, the main thing is not to overstate the bar, so as not to miss the time profitable for selling your assets!

I believe that there are 2 ways out of the cryptocurrency industry. 1) it sell all your assets and entire cryptocurrency portfolio at very low prices and just walk away. 2) Sell inefficient and cheap coins, leave the rest in HODL and forget about them for a year. But seriously, I would not advise you to leave this industry now.

It is matter of time and it has being happening before a swell that market falls and panic is created more in the market. So once the rise happens everything is forgotten and people are happy and all praise for bitcoin and crypto currency for making the people millionaire etc. So those who know the true potential will keep holding and buying at the fallen rates as market will rise in future.

Do not regret that could earn more. It is worth regretting the loss and doing the work on the bugs. You can not know the future, and therefore can not sell the coin at the highest price.
Only bloggers can do this, according to which they buy everything at the lowest price, and sell at the maximum. To say this does not mean that it was in fact.

It will be difficult to exit and bring the profit in this bear market because you will likely exit with your loss.
If you know another bull run will happening, then just hold your coin. But the problem is we never know when the bear market ends.
While waiting for bull market, you can trading using some good coins with high volume in the market in this low price.

The bull run may not occur at the end of this year because now there is no sign that the price of coins will increase. Bitcoin itself is not stable, but in a few days, the price is very positive. Maybe with long-term investment, it will make you more profitable.

My exit strategy is 10% of the price I bought it that's the first exit then 20% then so on, I usually made an entry point 5% lower of the price of my last order but my main strategy has always been long term always, sometimes I get caught selling to early, so I stopped selling all my coins.

any exit strategy when you are just trading should be the price action, Whether you are trading for the long term waiting for the bull run or not. But you can also invest like an angel investor where all of the money you put into a financial instrument is considered as a lose until it hits your target.

Both Bitcoin and ethereum are the best coins in crypto and there is no doubt about the advantages of this coin, even though the value drops but to the two coins there are still advantages, if you are able and sure, please invest in both coins.

Yes but this is not really an exit strategy.

You are putting the value of your current bitcoin to USDT and this is even more dangerous if you're doing it when the market is starting to rise. I've seen people who did this yesterday and now they have been stucked to $3,700 while bitcoin is on $4,000 today.

I agree and disagree on this post, they have a strong background before but now is quite unacceptable specially if you invest from the high value early on this year 2018. They have name advantages, but disadvantage on their current position is much visible on each and everyone.

When everyone starts get real excited about Bitcoin and the mainstream business press starts running lots of stories about Bitcoin, it is getting near the time to sell and close out your position and wait for the inevitable bear market that follows the euphoria. Everyone tells you to HODL but that is a stupid strategy for an asset class that has had 3 bear markets in the last 10 years where it lost 80% of its value.

Trading with a stable coin like USDT have no effect on the bull run,if you want ypur investments to be grown then buy bitcoins and hold it on the bull run and sell them when you see the bull run is going to be end.Or just hold until you think you made enough profits from bitcoins or any other crypto.

Usdt is the most stable asset on the market today. If we do not know how to trade, then wait for the purchase price to go off and no longer do this until you become financially educated.

It is better for me to just convert the bitcoins into fiat currency from the exchanges and then get it into my bank account, changing it into usdt to change it into currency is just going to costs uneccesary fees that I don't want when I can just change it straight to fiat. The next bull I am getting out most of the money just to buy back in later

There are many ways. They all differ from your location. I prefer to throw cryptocurrencies on a plastic card of Epayments. Next, I withdraw dollars from an ATM.

The market indicators will best answer this question if a recession starts in the process of strong growth - this is an excellent signal for sale and exit.

You can safely withdraw your money through any exchange that supports the fiat dollar. it's very simple

unfortunately, you're right. I wish anybody had told me those things a year ago! the forum cheered but there wasn't any person who could tell me that the endless growth is impossible!

In option to fiat, stable coin are very reliable to keep your fund. A good strategy to handle all run, bull and bear run

I don’t understand what the problem is, if you are afraid for your investments, then take all your money away and just watch the market, but if you are ready to risk, just wait and see what will happen to the market

well different people have different meanings to things and that can be likened to what they understand and mean by the term different strategy. it is a known thing that you have to fix a goal on  every adventure and making profit is paramount in business so i will advice that you exit when the "ovation is loud" in other words, exit when it still makes sense to

if you have a big capital then x2 or x4 gain is good point of exit since waiting for x10 is risky these days but for those people who has small capital then it would be better to buy coins with value is below $1.

Not much can be done, wait and see because the risk is very large on this bear market. Remember, never invest more than you can afford to lose. The learning process is also an important strategy for improving your analytical skills.

There is no exit strategy in crypto.

a trader must understand the overall market trends and they must be brave enough to make decisions out of the market when the price of bitcoin as a market leader decreases considerably and this will have a serious impact on many altcoins so that most of them sell most assets to temporarily leave the market

There are two sets of investors or speculators right now, then who short or those who prefer to hold on their crypto. For the former, they don't really care and as long as they can make money then they will book their profits right away. But I don't consider those brave though. What I consider is those long term holder who continue to stay with the market thru thick and thin and no market they still believed that crypto will go to the moon in the next 5 years or so. So everyone should look at long term so that everyone can maximise profit as a exit strategy.