Bitcoin Forum

I was sitting here...and you know..speculating. Because really thats what I like to do.

Anyway..I was just sitting here watching the price and all of a sudden I wondered what the "price" would have to be for me to part with my coins. This is a deeply personal number for most of us...merely a business decision for others. But all of a sudden a number popped into my head. It would not go away. I tried to banish this foul thing..but alas..I could not. This number would mean substantial fiat wealth for my entire family..I am talking generational wealth. I used to think 8 digits for a family to be considered rich but today I think more like middle 8 digits..  

Now I have mined and hedl coin for what seems like ages now..almost 6 years soon..so the value I have to the current market price is..well..extraordinary to say the least. I am not saying this to boast or brag or any number of things, I say it to tell you that there is no "bottom" to the current market..even pre- December that would cause me to panic sell.

I have watched bitcoin grow from a small community of several thousands thru the MtGox debacle (yes..I was goxd..I opened an account in May of '13), thru the massive price spike that Fall where many bailed but I did not. Thru the lean bear years where there was plenty of opportunity to say fuck it..but I did not..I slowly bought more. Thru this time the community had grown to several hundred thousands of  people.

Now..thru the last year and last month..several hundreds of millions of people have heard and are talking about bitcoin. Two orders of magnitude over the previous metric no?

I say all this because yes..I am extremely bullish..I think use and adoption is going to grow and grow big over the next year. Once a LN becomes reality look out. Solutions are and will be build for bitcoin. I think crypto currencies in general are going to have a profound impact upon global markets over the next decade and I think capturing 5% of those markets(ie broad money) is feasible within the next year or two.

TL;DR  What is your price? Have you picked a number to exit?

I have. I will never sell all my bitcoins..some will be passed on to family. Some will be donated to worthy causes..but when..not if..that day comes..I will happily part with my coin and have zero regrets.


I have included some figures from another thread for context.

I initially planned to exit @ $4000 and told myself to not be involved again. Turns out I was wrong. Exited early @ $2900 only to buy back again at $4400 and told myself again to sell all @ $20000. I was online on Bitfinex when it reached $19k a piece, and back then I was asking myself to offload it all or not. I only traded half of what I totally got and the remaining half I sent to my address. So far, it's one of the best things I've done and I'm continuously tossing the money I got back and forth to help me earn more bitcoins in the process. Initially I thought it was going to pop, but then realized after an extensive reading on the state of fiat currencies, I'm kinda certain that I won't be trading my bitcoin into fiat sooner.

I dont have a predetermined number. I exit whenever the TA turns around and then re-enter whenever it crashes on high volume.

Damn that numbers though. Dont expect that much man it is still not determined if Bitcoin will last until our next generations such as our grandchildren. Even though Bitcoin will last for about millions of it on supplies we dont also know if Our country will accept Bitcoin Full time.

My target is enough to make me stop. I have goals and thats enough for me although my standards are high.

i never exit because i find it a dumb move.
i never not exit because that is also a dumb move.
there is a lot of options in between!

you buy bitcoin when it is low and has not yet risen. lets say back in 2015 when price is stable like today with <10% fluctuations @$220.
you buy $1000 worth of bitcoin which is 4.54BTC. now price goes up in the next rally to $502 (2015-11-5) which gives you the vibes of a correction. you sell your bitcoin for $2,279 and wait for the correction to end (basically the idiots to get flushed out) then you take your $1000 and make your exit and then buy back what you sold. 3.87BTC @$330 with the $1,279 pure profit and $1000 cash in your pocket (exit).

rinse and repeat, change things around such as keeping profit in bitcoin not in fiat (6.90BTC instead).

Hmmmm, I'm thinking probably a heart attack will be my exit strategy. LOL

In trading/investing you are supposed to never get emotionally attached to your positions. So, rationally, we should be ready to sell Bitcoin if the situation will look grim for it - maybe competitors will get a better tech at some point (contrary to a popular believe, todays altcoins are nowhere near close to having better tech), or maybe it will get globally outlawed (which won't kill it, but will significantly cripple).
But if everything will be alright, then maybe long-term hodlers won't have to sell, because they will be able to spend it easily instead. After all, Bitcoin is a currency, not a stock or a commodity (inb4 high fees blah-blah).

So, I will try to never exit fully and always have some coins as my savings, but as for partial exits, I'll probably trade some coins for real estate in a very distant future, when I'll feel like the market is very saturated and big bull runs are very unlikely.

The percentage as total money supply analysis isn't totally correct.
The price of bitcoin is determined by the marginal price that the market is willing to bid a coin for.
Also, total world money supply is a flow concept not a stock concept because fiat system is signified by its money creation process facilitated by interest rate.

Rather than have a price at which to exit, I think about the time frame around which I would exit. It is more like a systematic disinvestment plan. Sell out your coins over the next 30 years. The advantage of this is if the market does turn bad, you would still have cashed out during the good years.
For those who have invested over the years, investing now will not make sense.

I have already sold a good percentage of my Bitcoins and now I am just waiting longer term to see what happens.
I was lucky that I bought in 2014/2015 so could sell my Bitcoin tax free this year, I have taken a pretty good profit out of it already but want to stay in the game in case it moves up more and more as some think it will.

I don't want to fully exit, I'd be too worried that the price would be $100,000 in a few years, and i sold at $15k...

Exiting does not make sense to me. I don't see the point in exiting, ever. That whole mindset is for people who don't really believe in Bitcoin's potential, or just don't understand it. In the future, fiat money will cease to exist. If national currencies still exist in some form, their value will be based on Bitcoin. This is serious stuff.

Yes total exit among all cypto currency will not make sense in this age. Unless you exit for some personal reason due to money requirement it is fine else it will be a loss of opportunity for them in order to make more money than another way they could have made it elsewhere.

I have felt that way many times over the years..first time I sold was at the height of '13. I had decided then that I would cost average my hoard over time.


Pro beara Tera  s/


Hodl!


Pro Pooya

Buy high sell low? what??  /s


Heh..could be worse ways right?  



Nice...Belize is quite nice I hear...


By far the nicest way anyone has ever told me I was wrong.  :D

Yes..supply and demand. Metcalfe's law. I am somewhat familiar with these concepts. I think Bitcoin will grow into some of these things. Once some more of the "features" are ironed out for mass adoption. People will need payday loans still..or SB loans..or what ever... that happens today..but it will happen tomorrow on a larger scale I believe and then you will start to see some of those "flow concepts" like velocity and things that will give useful metrics.

I haven't determined a definite number or exit price however if the bitcoin price drops to more than 50%, I have decided not to invest in bitcoin anymore from there. It's hard to determine what price would be appropriate since bitcoin still has plenty of potential to grow, the only question is until when. Also, I would choose to exit when I feel like the conditions or environment has deemed for bitcoin to crash. Personally, I've felt like I've already gained profits from bitcoin and have benefited so I won't really feel like I've lost when the occasion arises.

Was it last month or late November 2017? This forum started filling with threads of people doing exactly that: exit. I think most will have held Bitcoin for more than 3 years. Relatively short, but if you imagine that for at least two years people kept Bitcoins never knowing if it would ever breach $1,000 again...

I guess I'm more like you - I don't have an exit strategy... yet. As it stands, I already cash out whatever I need for expenses, sending money home to the old folks, putting aside some for fiat savings, but keeping as much as possible as Bitcoin (now diversified into about 15% alts). What I have promised myself is to examine these holdings at 2020. I will have reached middle age by then, if Bitcoin is doing well, I hope to have enough to start planning my retirement.

Once that value is removed, the rest will be passed on when I check out of this life. I never gave it a price exist strategy, though I daresay the $1 million mark would be tempting. It's more than enough for my family to live comfortable for decades.

i don't exactly have a strategy for any exits. i try to reach a balance.
i have invested in buying bitcoin and also earned bitcoin and each month or so specially after a big rise i make a decision to sell some part of it. but i sell as much as it can give me a decent amount of money but also i still have a big amount of bitcoin left.

for example i usually do a 10% sell of my monthly profits. for example if i earned X and made some profit through trading and other things (Y) then i sell 10% of X+Y and keep the rest in cold storage.

Yup! I have never exited my bitcoin too, It is always good to hold on to your bitcoins, But when I had a chance in converting it to fiat when the value is down like when the price pump up to the $18,000 USD I had converted my bitcoin to fiat then when the price went down suddenly to $14,000 value I then buy bitcoin so I can accumulate bitcoin by doing so, But yes this is very unpredictable and I was just lucky in doing this,

And for OP I really think there isn't an exit strategy you just need to trust in bitcoin and read the movements thoroughly if the price could end up dipping.

We do have the same strategy which is actually effective for me because even though I have sell out some percentage but not totally going all.I do always think off on having bigger bag of bitcoin storage anytime and sell out partial then buyback into other alts or on bitcoin price dip itself. Rinse and repeat and I'm doing this ever since which the results isn't really bad either.

I don't see my self a day without thinking of Bitcoin. I may lay low a bit when I hit my target but definitely I will not stop in collecting Bitcoins and holding them. Slowly I will convert to fiat, since we need fiat to live in this world but I'll keep an amount of Bitcoin to hold and convert in the future.

Kinda long statement hmm. I suggest to just sit back and relax if your concern is only on BTCitcoin. Goal for long term indeed.

Exit strategy depends on how you play the game. "Exit" doesn't mean you will dump a certain coin to the fullest but just taking advantage of the crash or dip then after some correction you will enter again. But if we are talking about bitcoin, it's not wise to make an exit just to take profits but instead take advantage whenever there is a price crash by buying more quantities of it.

We have different analyzations and consideration on how we execute our moves. Try to find out "what is the best thing to do" and see if it's really worth a shot.

People may laugh out if I will be unveiling my goals and expectation with my bitcoins. Honestly I have planned to keep some bitcoins till my end of life and will transfer the ownership to my children after my life. I believe into bitcoin's unlimited potential hence we can expect it may to take up to 50% of total world economy still  expecting 25% penetration within a year might sound too greedy to me. But 25% will be definitely possible before 2030.

I suggest my friends to hold infinitely then there will be no need of exit strategy. Do we plan to sell all our gold or real estate or other valuable properties, they why for bitcoins ?

bitcoin prices can not be determined. because bitcoin is determined by large shareholders who can manage the market. a fixed supply that causes bitcoins can not be controlled. I myself have not yet understood the market movement

My number is something between 75k or 100k  and my exit strategy is simple I expect bitcoin to be accepted by more people at that point, so if I can buy properties directly with my bitcoin then I will do it, if I cannot then I will need to sell for fiat first and then get real estate and then I will retire and laugh at all of those that called me crazy for investing in bitcoin and other coins, since I will be vindicated and they will need to work for the rest of their lives while I enjoy a vacation that will last forever.

Selling diminishing amounts of btc for increasing amounts of fiat at roughly each doubling (at a short term high point ideally) of btc/usd exchange rate.

My initial plan to exit was at 2,000 right before the August fork. However, I soon realised that the fork would only bring the prices up, so I stayed in the game for longer. I sold a few of my Bitcoin's here and there, however I still have the major % still available.

I am current not in need of any extra money, so I am able to keep on hodling to my bitcoins for the time being.

I too would not want to regret selling just yet in case the price suddenly rises up, however I am also keeping the news circulating bitcoin close at hand, in case anything drastic was to happen that would force me to quickly sell my stash.

I don't really have an exit strategy, but more of certain milestones in which I will sell portions of my portfolio.
To buy a house for example or to start my own company, only then I will exit a portion to fund that. The rest I will hodl forever, and use it as a rainy day fund. It's important to store some of your wealth outside fiat, so it's better to store it in real estate, crypto or stocks.

Maybe its too early for me tell about my exit strategy, I am not sure what amount would make me leave crypto. Why do I have do that when I can pass it to my next generation? For sure btc is going to be a real currency and will soon be accepted worldwide. That’s for sure the future of btc and the rest cryptocurrency and altcoins.

@50k I would cash out 50% and invest it in other stuff. That way I would not jump out of the window, when the crypto market fails  :)

Kinda dumb to have a exit strategy. But as long as you selling and having a margin of profit then it will be good. Nevertheless, I never had a fix price on when to exit. As long as I can hold long term, the better because bitcoin price really tends to increase overtime.

The more we stay longer, the better for us. How many times do we hear people that bitcoin is expensive and not buying? While we have bought/earn bitcoin when the price is low. So we are a advantage of not getting out.

I plan to sell gradually over a long period of time. This way, the bulk of my investment can keep growing while I cash out a little every year.

The point at which I begin to cash out is hard to determine for me, but I think it will be based on a price target of each coin I own. For example, I may not sell any Bitcoins until the price of a Bitcoin is $50,000.

Of course this could change if I need money or need to cash out some just to pay for capital gains taxes.

I really like the exit strategy that gradually sells positions when prices are going up... Although gains aren't maximized, we can never tell the difference anyway, unless we can predict the future.

I don't ever plan to exit. I just use the market's fluctuations to grow the number of my Bitcoins gradually, and that's really it. I am not a person thinking that Bitcoin will replace banks and payment services such as PayPal, MasterCard and Visa, but I do see a great future for Bitcoin where I at some point might get paid in Bitcoin, purchase my daily needs with Bitcoin, pay for gas with Bitcoin, etc. We might even reach a point where people aren't that willing to sell their Bitcoins anymore due to the economical difficulties in their country. If we look at various countries with actual economical difficulties, the Bitcoin markets there have insane premiums over the western market, and that just shows how desperate people are.

Exit strategy? I am not going to convert my precious coins into something that only loses purchasing power. Seriously, at this point in time money on your bank account costs you money, so it's a pointless practice.

Money sits safe in Bitcoin, and definitely so with the added benefit of seeing the price go up continuously throughout the years. If we look at the past performance of the market, then it's safe to say that hodling is the only right option.

And the people having sold way back, have likely bought their coins back at higher levels. The money you got for selling your coins back then will buy you less coins at these premium levels, so just keep hodling.

Selling is only an option if you trade the volatility and have enough coins sitting in your cold wallets.

selling when the price is rising is not good strategy mate you need to change that strategy. Cause indeed we should exit when the price down then buy back when the price rising gradually . How can you gain profit on it.? Haha i suggest to do what others do. which is exit when the price  decreasing instead of selling gradually while the price is rising cause its a big help to multiply your profits.

Reaching 50k itself may take some time and waiting for that means losing out opportunity to make money from other altcoins which is the future in 2018 and coming years. So better to keep buying some altcoins and then when it rise convert to BTC or ETH and then sell out when you require money or your target has met it.

I will not exit this game as long as it gives me profit but my plan is when I achieved more than enough bitcoins is I will reduce the time that I give in trading and will just look at it a few hours a day because I'm giving 10 hours a day.

Nothing wrong with that, but at the same time you do not need to use your bitcoin to get fiat, you could use it to buy real estate or to create a business, now while that is not going to give you the profits of bitcoin, if you have a high amount of bitcoin you could diversify your investments, that way no mater what happens you will get great benefits.

I might exit when the total market cap reaches around 6 trillion. We have a long way(and probably 2-3 yearsish) to go

exit strategy is sell a little bit around $40k to $60k (late part of this year or early next year), sell a bit more to fully fund a retirement account from scratch when it hits maybe $80k. And once it goes over $100k just start withdrawing a few thousand dollars a week over the course of a few years until I only have maybe one or two bitcoin left, just hold those long term in case it truly gains mass adoption and goes north of $500k. Probably sell a few ETH when it hits around $2500 or $3000, keep the rest to see if it can go over $5000 and sell north of that.

I said I would sell one coin at $10,000 (which I didn't do), keep one forever & sell the rest at $100,000. However, my greatest worry is getting my money out safely. My coins are in paper wallets & as someone with no experience of using exchanges & transferring coins around, I find it all very complicated. I've been told to move my BTC out first then BCH & then the others BTG......all have the same key, but I'm worried about them getting stolen. Then I'm worried about actually getting my money out of an exchange safely when I do actually get them sold....I've heard too many stories of money going missing & people not being able to withdraw. Which exchange is considered most reliable? (I am in the UK).

Bitstamp and Gemini are the two most legit exchanges. Luckily for you both
of them also accept customers from the UK.

However, you have to be patient, because verification can take up to a few
weeks, because these exchanges are drowning in support requests and new
registrations. But if you are not in a hurry to sell your coins this shouldn´t really
be a problem.

Thanks for your reply. Think I'd go with Gemini, but I'm sure they're all vulnerable to hackers.

I have no exit strategy because I don't think bitcoin can fall to $3K or $5K. I think as most people say, it may fall to $8K, it doesn't make loss much for me.

For Bitcoin, none, hodl. For Altcoins, I dump my coins slowly specially when I already gained profits but I still see a possibility of a continuous bull run, I sell a portion and I keep some so I can move to another coin to hold and wait till I earned my target price. 

I have other sources of income, it's a waste of brain activity to make myself overthink just because of a failing crypto economy.
If someone can't take an uncertain world of "investments" into his gut, why do he even join in?
If it fails, there goes my digital assets (I'll save what I can when the time comes).
I'm taking in and out overtime anyways.

Seriously guys, did you spent most your wealth into your portfolio,
that these kind of situations make you think of an exit strategy?
It is unethical to put what you can't lose in investments. And hodling, is looking more like a gamble.

This will make your everyday works (whatever it is) inefficiently done.

You're a factor 20 off.  That is because bitcoin has nothing to do with money.  So the broad money supply M2, we don't care.  Bitcoin is a highly speculative asset, that has its place in the financial circus of the derivatives, where big players bet against one another in a zero-sum game.  It doesn't play in the money market, but the derivatives market.  Well, that game is about $1.6 quadrillion.  If bitcoin eats it all (it won't, because it wouldn't make sense: you need a market, so the whole crypto market), that would bring a single bitcoin to $80 million.  Not $4 million.

HOLD your bitcoin for the long term. You can invest half or quarter of your bitcoin holdings into altcoins that have a good team and community and also that have clear goals and objectives. And then let the profits run! Book partial profits when you find good projects to invest or when you need cash for emergencies.

Honestly, I don't even have an exit strategy and that isn't because I haven't thought of it. It is because I literally don't plan to exit my holdings of BTC and this change only happened recently when I delved further into everything. Why would I want to get into fiat which is getting devalued everyday when I can stay in an asset that appreciates on a yoy basis? It makes perfect sense to me to stay, granted you can pay your bills and whatnot.

you are talking about the devaluation of Fiat every day, is it already possible to say about the fluctuation in the price of Bitcoin? I just imagine the disappointment of those users who bought Bitcoin at $ 15,000 after it dropped from $ 20,000.

A true bitcoin believer will not get appointments as bitcoin prices are known for quick bounce back and when bitcoin prices will be testing $20,000 price levels then we can see all the investors turning into profits regardless of their different buying price levels. This is how, so far bitcoin prices are doing and we can expect these to be continued in this year also.

When we are expecting bitcoin prices to continue its rally then there will be no meaning of having any exit strategy. Just holding and spending some portions of bitcoins for life's need alone more than enough for all the true bitcoin believers. 

Same here! I really don't have an exit strategy as I believe that bitcoin would be here for a long time and even if I am not here anymore bitcoin would still be here so no use of having an exit strategy. I am just cashing out from time to time though with some of my profits because I need to pay some bills in addition to my fiat earnings cause I am short with it. For as long as cryptocurrency would be allowed in our country then I would not stop earning and trading it.

I have some figured in mind, they are not however figures for bitcoin price but figures for my worth in usd. I will cash out a portion on reaching 150k and then if one day I can ever reach $1m+ I will cash out probably 70-80% of it and almost start again with the rest. That money at that point can set me up for life. This is all subject to change depending on how long it takes and how bullish I am about the markets however.

Like always the best strategy is to diversify, do not send all your coins to a single exchange, send your coins to several exchanges, that way if one of those decides to do something fishy you only lose a small part of your bitcoins and not everything, however I think that in the future that is not going to be a problem since we will be able to use bitcoin directly without having to sell for fiat first.

I have mentioned this in other threads Crypto is like venture capital, very volatile snd some of the coin can be expected to produce geometric returns and others can be expected to fall to zero. In between there will be massive volatility.

Given the high volatility and possibility of unforeseen events like exchange hacks or exchange bankruptcies, it feel its important to diversify across the number of coins (>30 if possible), number of exchanges, number of wallets (some at exchanges, some hardware wallets) and allocation to different consensus methodologies (e.g. not invest all the capital in PoW coins). This is particularly important if the investor has a large portfolio either in absolute dollar terms or as a percentage of his or her net worth.    

In terms of when to exit, i think the time frame should be dictated by required spending. If you need the capital to purchase a house or pay for retirement expenses then so be it. But other words I feel buy and hold is a good strategy and this will tend to be tax efficient.  

If you are a long term investor than holding do make lot of sense because this market being very volatile so we cannot predict easily the small ups and down and thus selling could be a loss making event.  If you are a small term investor or day trader than definitely you need to have a stop loss in place and make the decision accordingly.

Thank you all for the thoughtful replies. I had not expected so many to respond to my musings of that afternoon. I wish I had the merits to give you all but did my best to sprinkle some over the last page.

After reading thru your replies and reflecting for awhile upon this strange and disturbing notion. I can say it had the desired effect...solidifying my thought process and validating my need to have a more detailed plan. What I hope also happened, is that some of you were also able to formulate a strategy that is suitable to your and your aspirations.

Lets see..

I HODL my BTC as a wildcard..
The way I look at it, what it's value is worth to me right now is not worth taking the chance of missing something huge..

I want to retire and travel low budget style via RV and/or possibly sail.. Boondock, island hop..

Right now I figure my crypto would fund me for 1 year.. Not enough..
If it got to 5-10 years I might consider leaving..
If it got to 10-20 years I'd probably be gone and see what I can't do to make ends meet for longer along the way..

If it goes to 50 years I'm set by by thank you satoshi!

So BTC 10-50 X from here I might start living off of it a little on my way traveling but I don't think I would just cash it all out to $ and go on that.. I would probably just cash out what I needed for expenses every month or so..

So $100,000 to $500,000 I would probably start using it for my life..

If I don't really need it by then or convince myself I need it by then.. Who knows how much will make it that far..

100k can be reachable in the next 5 to 10 years but 500k are very far away, the most important thing is to get more bitcoin, so the price bitcoin needs to reach so it changes our life is lower, with the current price of bitcoin I will get some benefits out of my holdings with 20k the benefits will increase greatly but if bitcoin reached something like 75k then my life will improve tremendously.

My exit strategy is to only sell Bitcoin when I absolutely must, such as in the case of an emergency or for an important purchase (i.e. my new dental implants).

Maybe some day after Bitcoin has finished the vertical phase of the adoption curve and has leveled off, I'll find something that would be a better place to keep my wealth, but that's still years away.

For now, I'll continue to hold and spend only as required... and watch my wealth grow.

currently the world is still arguing related to bitcoin .. there is a legal or otherwise, I know that fiat is still dominant, but to get around this we still need to hold both the fiat currency and crypto currency ,, because most likely we can have all we want through bitcoin

Me either and long term holders didn't bother when bitcoin goes through some dips because he knew that eventually after some years bitcoin will be less affordable to everybody. Yeah maybe converting some when we need extra money when we ran out some but not definitely to exit for good. If I do that, I must be totally insane.

Some of them didn't bother and just baghold it for quite while but majority of the players has been panicking and starting to play the dump schemes that's why we can see that one contributes the fall happening for this past weeks of bitcoins. But for now it's slowly recovering and might we can see some good tops coming and better to have some extra cash to load up some bits and earn with it.

I wouldn't get into thinking about it too much or you just might end up like those guys over in the Wall Observer thread in Speculation. For those to much invested into bitcoin are posting about the price every 10 minutes and fretting about their holdings in crypto.

It is just enough thinking about it for 5 minutes to make you go completely bonkers. :'(

My first dream was having 100k euros.
That i just invest somewhere secure -> basic all world ETF stock market the next 30 years.
Just so i have the 'save for old age' covered.
Then i would stop saving 25% of my monthly income and have 25% more income to spend monthly.

Then my idea was that i want to sell when my bitcoin worth = my total wealth reaches 400k euros in total.
This would mean with 6% interest (and 1% inflation) i would get the same amount of money per year as i do now from working + saving.
(or you could also say: this yearly amount is bigger than my yearly expenses)

I like to live on a small foot, and this would give me something i value more: freedom from ever 'having' to work again.
I never plan to stop working, but it would be nice never 'having' to work.

Then i thought better wait for a wealth of 500k,
like the idea before + 100k to 'spend more freely' on stuff.

Then i thought 600 or 800k,
just 'to be sure'.

Then i thought 1 million, so i can call myself a millionaire.

Then i thought 1.1 million, so i can still call myself a millionaire after i blew 100k.

Then i thought 1.3 million is also ok, perhaps i want to own a little place for living and work in the city.

Now, i basically want to wait for the next bubble to sell. And slowly start selling when i think there is exuberance.
And slowly keep selling till i have no crypto left. And hopefully ultimately i somehow sold around the top with this strategy.
And then after it crashes set buy orders. But in this process also cash out.

I was thinking buying stocks after the next stock market crash, thinking owning shares of companies is more secure than owning crypto.
On the other hand, cryptos get more and more secure. Bitcoin gets more and more secure. More % chance of it staying.

Perhaps i just leave it in there and just try to sell some at every bubble.
And give myself a certain kind of 'allowance' of money that i can spend.

--

I want to have no kids, and i want to spend all the money in my lifetime.
Hard to calculate of course, but that shall be the basis of my calculations.

Eg if i would be 40 years old, and i have 400k total worth,
and i estimate i will be 100 years old.
Let's say 400k for the last 20 years, that is 1666 euros per month (400k divided through 20years) + interest.
And interest in the years before (6% interest - 1% inflation = 5%) also amounts to 1666euros per month.


ps whoever says exit strategy is dumb -
it's just that hoarding money and never spending it is dumb - then life would be the same like you never had any money - i guess we can agree on that

So, i guess a better name for this whole thread is 'retirement strategy'

My thinking now is to put all my money into crypto - it being the asset class that i think gives the most return -
until i am at my magic retirement number and then move into starting spending instead of saving.

I never think of exiting or quitting my post no matter how bad the situation may be. Since i started doing crypto for about 7 months now, my faith was tested when the bitcoins i bought at 13K USD went down to 5K USD and the alternate coins that i have plunges almost 30% of their market value too but i managed to HODL strong until the crisis ends. So i don't have an exit strategy for now because what i only have is fighting strategy.