Bitcoin Forum

Hi, just to be clear I'm bullish as hell for the next few months but I think it's generally accepted that this bull run will probably come to an end at some point this year.

I'm wondering if people here are planning on getting out of crypto or significantly reducing your stake at some point this year and if so what your plan is and where you are looking at reinvesting your funds?

Not really. My simple strategy is as follows:

1. Only sell bitcoin when totally necessary.
2. Continue to not spend money on unnecessary stuff.
3. Continue to focus on creating more cash flow to have more money to invest in assets.
4. Continue dollar-cost averaging weekly regardless of BTC price.
5. Price crash? Continue holding as per usual.
6. Only trade shitcoins with less than 5% of my total holdings.

Unless you're really experienced in the field of trading, chances are, doing the "sell now and buy back lower" strategy is just going to wreck you in the end.

Sadly I had sold all of my holding very early, it was around 30k usd. However, I have reinvested all the USDT into altcoins and luckily I was able to get profit against both USD and BTC too. I was able to make 1.5x return so far against BTC pair.

I'm continuously selling small amounts every day. The price at the bottom of the bear market is very likely going to be below $30,000, maybe even below $20,000, so I'm going to end up with more BTC in the end. I learned my lesson from the 2017 bull run in which I didn't sell any Bitcoin - be fearful when others are greedy. The bubble bursts when no one is expecting, people will first think that it's just a correction, so don't rely on public opinion too much.

I'd love to. Crypto has turned my life around but if most people are expecting the price to fall at the end of the year surely the fact that so many people are expecting it to is likely to result in a self fulfilling prophesy?

The big thing for me is tax.

In the UK we have to pay Capital Gains Tax on disposing of assets such as crypto. Our tax year starts in April.

I was going to take my first little bit of profit this month, but I think I'll wait till next April because I can't be bothered calculating the tax this year.

However, I know there are tools like Koinly for doing this. I don't think my accountant would be very happy to do it, well not cheaply :)

I've just set up an ISA and lumped into Argo Blockchain and KR1. Argo should go up along with Bitcoin (hopefully faster) and KR1 pick my alts for me and stake them.

Once the bull market is over, i will try to convert my majority of the funds to fiat and stable coins. This does not mean that i will quit crypto. This only means that i don't want to hold the coins in bear market and see my portfolio in loss. Instead i will try to invest in real estate or any other business which can give me regular income and also save money to buy back in the bear market.

Maybe it's just a different story when we talk about bitcoin, I think for now exit strategy is not the thing for now since we could expect a lot of companies to also invest in bitcoin, or expect for the market price to pump.

When you buy bitcoin it will be for long-term investment, for now, it's all HODL since we are still in the process of growing bitcoin.

And I think exit strategy is just useful in altcoins since that is where you could expect a big drop down in the market price after a few months or years.

I've got Argo Blockchain too in my ISA... but I'm a bit leery of them as they made 1800% profit this year already. I'm up about 150% already this last month or so though. I also tried doing a little bit of trading with them depending on the Bitcoin price, but the bid/spread price range is too great (I can't remember what sort of factors would cause that). It doesn't seem to follow the Bitcoin price directly either. There are probably lots of professional traders playing that one.

Keep the most in real Bitcoin though. Don't forget you get a £12k CGT allowance (or around that) on profits you make e.g. if you bought bitcoin at 10k and sold the lot at 21k, you still wouldn't pay tax.

Also, there are 2 new Canadian ETFs which hold physical bitcoin out this week. You obviously pay a bit of a charge on them though. You might soon be able to buy them in your ISA.

Thanks. I'll take a look at KR1  ;)

HOLDING "forever" is not the right option. remember there will be sharp price decline once this bull cycle ends. everyone must stick to some plan. it looks like price will reach 6-digits this year. but things will change when it goes up and up and everyone is greedy. I plan to act like this. once it approaches 100K I will immediately sell 85-90% of my coins and will exchange the rest for tether. will pay my taxes and wait for the next dip to buy at least 60-70% of the amount of BTC i own today. I hope to buy at 20-30K after 2-3 years and ride the next wave which is expected to reach (as someone say) 500-1000K (even if it doesn't reach it I will not sorry). ALWAYS REMEMBER that all involved in bitcoin achieved ROI that no one in history has seen with such a low effort (just HOLDING). this is just my intention. everyone is different.

Thanks for the advice. Maybe moving some of the altcoins into Bitcoin is a better strategy than completely exiting crypto to be fair.


Fair play. I only got on them recently but have tripled my investment since. I'm guessing that's why it didn't really go up on Friday along with Bitcoin but hoping that was just a little consolidation. Apparently there's a good chance that there could be an announcement that they will be going on the Nasdaq coming some time in the next couple of weeks so I'm gonna stick around. Thanks to Argo I'm well over the £12.3k threshold now, just hope it stays that way  ;D

I follow KR1 on stocktwits as KROEF. You do get a lot of people who are overly bullish posting there but you can find some good resources from some of the posters.

https://stocktwits.com/symbol/KROEF

https://www.reddit.com/r/pennystocks/comments/lmnxez/kroef_defis_first_etf_multibagger_stock/?utm_medium=android_app&utm_source=share

It depends. I'm hodling since 2013 and will hodl even more because for me BTC is a long term investment. But everyone should think for themselves and not force anyone into buying or selling. If you ask me selling so many coins at $100K is not a very wise move. Just because it may go back to $50K it doesn't mean it will stay there forever, think long term, don't get scared of the fluctuations. As for going back to $20K I doubt it will ever happen again, but again everyone knows best.

If you are being a hodler for how many years already then you would probably having the consideration on selling off your stash considering that $57k price is already a considerable
price for you to load off but if you do really go for more years then its up to your own risk management.

Of course, we should set our own exit plans and not just waiting up for the peak unless if you have been holding for a decade or since from the start then thats understandable
but if you do go for short term then i guess this is a right spot to sell.

Buyback later on when theres correction and repeat the same process.It might sound easy but its not.

But again... why exit? Who says you have to exit BTC? I don't like this strategy at all as a long term BTC hodler. I plan giving a part of BTCs as a legacy to my kids so not my cup of tea. As someone said above sell BTC only if you need those money, keeping money in fiat is not a very good choice anyway.

so far BTC pass through cycles. this time will be the same. why HOLD forever when at the same time you don't invest in real estate or something else that wil bring you passive income as time past. BTC will not only goes up indefinitely. it is against all rules. bear in mind that there is some small percentage that government (even of leading countries) can ban it at some point. don't put all your eggs in one bucket. surely there will be opportunity to buy back at dip later on.

this

a better question is do you have a fiat exit strategy.

You don't have to exit but when you do, make sure that you have no regrets. But as always, it's a free market that whenever you exit, you can always go back at your will. I have made mistakes in the past of selling at the early stage and that's not a small amount to spare for my feeling but I've just learned that it's best to keep yourself on track or leave a portion that you're likely to pursue and continue holding no matter how much you take for profits.
Take your profits if you really need them and you need to buy something for yourself. A car? then sell but I'll choose only to spend not more than 50% of my total holdings.

Well the bull run may not end this year or next, who's going to be selling vast amounts of Bitcoin?

The buyers now are a mix of Retail  buyers and long term Hodl investors.

As mk4 states, Hodl, DCA and buy as much as possible works for me.

At some point I will have to spend Bitcoin because every last amount of FIAT
I own is gone into Bitcoin but generally I'm Hodling.

Sorry, I'm a big fan of Bitcoin and crypto but sometimes we've gotta do what's right for ourselves. I appreciate that might be frustrating for the true Bitcoin enthusiasts but I currently have everything I'm worth (and more TBH) in crypto assets. I think any major correction later on in the year could spook investors and set off a bear market that could end up in me losing a lot of money so it would be silly not to be thinking about reducing my risk at some point.


Yeah, get out and stay out. Already got the first part sorted, just gonna hodl what I need each month ;)

My strategy is to sell a bit so that I have some cash at hand for bad times but that's it.

I made some good decisions in the last few years like buying ETH when it was cheap 2 years ago and it gave me huge profit. That's going to be my first sale if I need money. Bitcoin is going to be held until I really need to spend it.

I came to realize that you can buy an apartment and rent it out but you won't make more than 10% a year this way. How about holding bitcoin and making 300% in 3 years? That's what I did between 2017 and 2020.

With the Bitcoin price reaching above $ 50k, it won't be long before there will be a correction. Due to a healthier Bitcoin price increase,
price correction is required. And if that happens I won't panic, because every time Bitcoin has increased by $ 5000 I always sell some of
the Bitcoin that I have. So when a correction occurs, I can buy more Bitcoin from Bitcoin that I have sold before. Actually, I've been doing
this strategy since the Bitcoin pump at the end of 2020, and until now the strategy that I use is still running well.

That's probably a good way to do it i.e. waiting for a 5k increase.

Is it exactly 5k from the last time you sold, and do you try to avoid round numbers like 20k, 25k 30k, because that is probably where a lot of people have limit orders (or a few hundred dollars before)?

Depends on the situation if you are into short term trading you can use the technical indicators as a guide to your entry-level and exit level it depends on the profit too so it's all about your decision. If you are into a long term strategy why not holding your coin and check the graph once a week or make a sign only for the 12 hr or 1-day market candlestick so you have an idea if there is something reversal may happen or another bullish. Also, one of the best things is to always set a Take Profit/ Stop loss (TP/SL). Again bitcoin is a long term investment hold as you can.

For every person that expecting a crash, there are also people that's expecting bitcoin to continue rising. While self fulfilling prophecies could happen, making trading decisions based off them might not be a good idea.

My Plan is simple , I have already Put my exit amount to target but only Half of my Bitcoin will be taken out and the another 50% will remain even if this took me
Long years to recover again because i have been profiting to my altcoin
investment already and my Bitcoin is only for my Future risk so half is more than enough to cover all my capital and my effort since day 1.
So all in all i am enough for that target and maybe will change in the long future.

Setting up your mindset within the target that you wanted to seetle both your entry and exit position is really important. Exit strategy
always depends from how you understand the market.

The more you dig deeper the better you understand, from that point, it will be much easier for you to sets your expectations, you should
be more on tracing things out before you decide your exit strategy.

Even I myself was confused when it came in, When should we get out? What if we lose above 10% should we cut the loss? I'm trying to explore this, the most appropriate thing before buying or before selling there should be a target and patiently wait and not greedy in taking profit.

There's no doubt that many investors are having such option especially those who are well aware on the nature of this industry. The market price is believed to be not consistently increasing and there is always a tendency for a downfall. Those people who are saying that they will hold no matter what, will probably have actions in contrast with this statement, once things go the other way around. We have seen how many people regret not selling at its peak, given how long the market in general is in red marks. Ofcourse not all people can endure seeing how losses inflate as the market value is falling.

Judging by what we saw when $41k -$35k dip happened and all major exchanges went down, it might be a bloodbath if the burst will happen. In that case, no exit strategy would help you. My strategy is to transfer bit by bit to fiat every now and then, so even if the bubble bursts, i will have some some profits safe and sound.

I only sell BTCs when it's necessary like emergency situations (in case fiat savings are totally out or any other circumstances). Just like that in order to avoid anymore losses when big bloodbath comes.

As a trader I always have a strategy to get out of the market at the right time and enter again when the price is really below. I sold some of the Bitcoin that I had to secure my main capital, then I entered again. When the price got high I sold some and so on. I use technical analysis to determine my safe position.
If you are a holder you can hold it according to your initial strategy and at what price you are targeting.
I myself do not hold, I do scalping and continue to take advantage of the fluctuation of bitcoin prices to make a profit.

With institutional interest growing rapidly, I’m with certain analysts and fund managers who predict BTC will hit $100k this year. I anticipate a pull back following that, and will likely take some profit at that point. That said, is there a point in taking profit when you fully expect it to bounce back?

Nobody can call the top, nor the bottom. Attempting to call the market is a game that I’ve lost at many times.

Those strategies you mentioned above actually are more than enough not to get screwed in this market. Right now, exit strategy is hard to execute as bitcoin is going up and reaching new ATH almost everyday. As we are more than 58k as we speak, people or institutions are still buying. But remember, correction is just around and you need to be ready if you have short term plans for your bitcoin. I understand that some people here need to cash out because of their financial needs. So if you are looking short term here, and you are already in good profit, you can cash out if you are comfortable with it.

Good question and I think it would be wise to have a strategy just incase. I've seen others sell BTC but in my opinion the best strategy is still not to sell. If you don't need urgent money then leave it.

But also do not forget that you have to nail TWO correct predictions in selling and buying and that makes everything tricky. Safest would be to sell a percentage and keep the rest on another wallet but never sell all your BTC is my advice.

Sell high, that was the best idea but what if the price spike again after selling? I hope that simple TA could work and can predict such a perfect time coz I honestly don't see it even before. It seemed to be our luck if we can hit that.

Just like you, long-term holding is not my favorite. I often sell when the opportunity knocks on coz guaranteed that we are not sure after. If I do the sell no matter if it pumps after, I have no regrets then since I was already making a profit and feels enough for that, not too greedy.

I am liquidating part of my holdings on a gradual basis ever since 2015. The total volume of coins I have sold since 2015 is almost 3 times higher than my current holdings. And I regret about it, because most of those coins were sold for three digit prices. But if you are making an investment, you need to sell your assets at some point of time. My mistake was that I sold them too early.

Now profit booking, "exiting crypto" and "significantly reducing your stake" are three different things. What I am doing right now is profit booking. I have no plans to completely exit from the cryptocurrency sector. Because I have been here for the last 9 years, and I know about the future potential of cryptocurrency more than any of the other users.

you feel bullish or your funds are already at bull ? but how can you predict that itl stay for the next month and not for the entire year ? are you here before ( 2020 ) because there were also doubts that the bull run wont last a long time but people have a wrong prediction that time because the bull run actually got stronger and still remains up until now . when the crypto or the bull run is strong ill tend to put more stake and im not thinking of quitting . already found my happiness in crypto so if ever i sell i will still came back here to re invest .

Due to bitcoin price growth, my invested sum into it multiplied several times. I've been a holder for several year, but this year I have withdrawn "sum invested *3" amount and feel really happy about it, plus I have left some bitcoin in my wallet. Even if a miracle happens and bitcoin price suddenly drops to zero, I have already tripled my money. But most important I've learned thanks to bitcoin is patience. I'm almost immune to fomo and stopped checking price or my balance every few hours.

I think the most common is to lessen your greed and to think of the contentment that you already earning some good money already. This will helps you cast your plans afterwards because the market right now is no doubt a temptation place to hold your assets even more. I don't know if it's the same for the long holders but for the short holders, it should their best option to make some escape plan right now. Either way, at this rate in the current market situation, they cannot still decide on which way they will go since everyone seems carefully waiting for some more spike in the price of BTC.

I can recommend listening to this talk between Saifedean Ammous and Michael Saylor

https://the-bitcoin-standard-podcast.castos.com/episodes/34-michael-saylor-on-the-fiat-standard

What is Microstrategy's plan? What is Grayscale doing? Never sell...

HODL for the long term

You can create a revenue with your holding by loaning against your crypto

As a long term hodler, I sold on the high of 2017 and I regret it. I wish I knew back then what I know these days....

The Bitcoin market exit strategy I developed is to selling all the Bitcoin investment I bought during $40,000 upward as soon as possible while I hold those I have since the $30,000 which I believe I will be aware of the Bitcoin market dump in price before it reaches the $30,000 I make my investment if the Bitcoin market experience goes dip.

I think I am in a kind of self-inflicted hold mode!  ;D Even when I want to sell some deserved profit I don't sell. I guess what makes a true difference for it is that, holding the coins on my personal wallets going to the hassle of unlocking these funds via my private keys mainly discourages me.
I'm bound to hold, that's it.

most of these are the strategies I've been following too. I am selling bitcoins when it is too necessary. even I dropped my expensive by %30 persons. before I had to spend $500 now I am doing that with $300 more or less. saving and accumulating more and more bitcoins is the only thing I am doing. not holding any shit coins/tokens anymore. and trading only with the amount I can afford too lose.
no plan to exit bitcoin any time soon.

actually I still want to be here until I already have my own device for mining. after that I will be here until bitcoin will give up.

Bitcoin is the best performing financial asset of the past 10 years.Why would anyone want to exit and sell his Bitcoins. ;D
If the Bitcoin price crashes back to 20-30K USD,many investors will freak out and sell their BTC.They don't have an exit strategy.They are controlled by their emotions and are in between FOMO and the fear of losing more money.
If the price crashes severely,I might freak out and sell my BTC as well. ;D
I'm not that emotionally stable.
My "strategy" is to just forget about the current BTC price and sell only,when the price reaches 100K USD.

It might stop at some point at this year but I believe that will be another opportunity to invest greatly then patiently wait for the next Bull run. Although having an exit plan is still a smart move but it can also be another way to implement a wide range of investments. You could start a small physical business or even spread investments into Alternate Cryptocurrencies. Another thing is converting them into usable cash because of the ongoing pandemic and I guess those are just some of the safe ways I will adopt as an exit plan.

Probably, this is a good time to have this question and see what comments you get. BTC has dropped to its new ATL for a while now and it already looks like people are getting panicky.

I believe that you should remain strong and buy in when in dips like these. I do not believe that the bull run is over yet. I think there's still a few more weeks of it, definitely on ALTS. I always think, put your money to work, now that the opportunity presents itself.

I would sell bitcoins right now and wait for a while, for me it doesn't worth to risk that much, just get the solid profit and wait for a while, that's why I prefer. For further investments (and if your aim is profit and not support of certain coin/project), I would buy BNB. It has a catastrophic fall right now, have a look at the market and decide when to buy. There is N1 exchange behind this project and I strongly believe BNB is a good long term investment for great profit.

P.S. I don't support BNB, I will never ever support that but for financial profit, it's a great choice.

As soon as they saw red lines, the quicker these people will sell their Bitcoin. They will cause panic and making another set of speculations asking how long the bear season gets over. The most gateway for them is to sell at a lower price for an instant sold out. Almost we saw this every time when the market showing huge correction and they don't care if they lose, only in their mind it makes an easy exit and regrets later blaming crypto is not a safe haven, a scam thing.

Agree that the temptation and the fear of loss nature can cause us to exit bitcoin too soon and miss out on the amazing prices we are now, you are truly a successful person when you've been against nature for years but I wonder if you think about contingency plans. Trust and hold on bitcoin is good but the future will continue to follow this hype or a crash will emerge, and I am worried that what you are against is just the justification of your greed, you are becoming more greedy, your nature is changing dramatically with the price of bitcoin

never fight the market bro, my suggest for now market still have good growth, hold your coin to take more profit, for now its not recommend for exit, many things support bitcoin for now like elon musk, he decided to bring bitcoin to the moon hahaha

Actually, the only strategy I do is quit when you win. When you want more, you come out somehow harmful. Being satisfied after earning enough is a good strategy.

I always try to sell bitcoin at a high price, but that will not be possible as I do not know when bitcoin price can touch the high peak price. But if the price can touch me target price, I will not have a problem to take profit from that price, even if the price increase more than my price. I believe that the price will go down lower than the price I sell, so I can buy back and wait for a moment to sell at another high price.

When you enter the market, you need to know when you should exit, but you can still at the market if you want, but you need to know the consequences. You can hold bitcoin for a long time, but you should have a target price to sell and exit the market.

I always consider the exit strategy from crypto but unfortunately it is not easy, because for me it takes a lot of capital to finally invest outside bitcoin. But it would be better for us to develop a personal business but unfortunately again, I don't have many skills to make a business. With such constraints it is difficult for me to get out of bitcoin, and at least I will continue to put a lot of effort into bitcoin until I finally have a better strategy to exit.

If you're asking an exit strategy on Bitcoin, I guess I haven't planned for one, because I am not planning to. I am well aware that what I am thinking is high risk, and what I am din may be dangerous if I don't secure assets. There will also be available I believe that there will be available stock markets that I can invest too, but I for me, Bitcoin is the best option that will be suitable for me.

We are just in the initial phase, why even think about exit strategies? I think ccs r on the rise and there isno need to feel threatened or something...

I don't even have a plan to get out of crypto and I wouldn't mind if the bull run ends.
When I need the coins, that's the point I sell it to my local currency.
It might be true that bull run might end one day but it will surely be back after bear's table is done.
There isn't ceiling in the price, think about that OP.

I don't understand why do we need such thing. If you do really believe that bitcoin price will increase in long term you can get more and more profit by just holding it. I don't have any exit strategy and whenever I feel I need to get profit out of it, I'll exchange only a little part of bitcoins to usd and then I'll buy back at better price to earn more bitcoins. Because I have a long term vision.

As for now I am confidently enjoying what we are currently having right now in the crypto market. I am still not thinking of the possibility of the crash or sudden dump although I am already aware that will happen in no time. As of the moment, I am still on what I am currently doing considering I am getting myself ready for what can happen in the near future. I am just constantly gaining profit which is somehow enough for me not to panic and if ever unexpected changes would happen that is not exactly based on my plans, I would barely accept the fact of being still on holding for it will not be my first time anymore experiencing such thing and I believe on what Bitcoin can do so exit strategy won't be an option for I can endure such.

Wow, I can't imagine if someone could really stick into holding if the crash will happen because most holder will sell off their Bitcoin and take the profit.

You have to live with the trust and confidence that Bitcoin will no longer get back to the dip, I didn't have that kind of motivation but I do believe as well that Bitcoin doesn't go below $10k. And if we are still holding it even there is a market crash, isn't really a thing to worried about. But for me, I shouldn't have to wait, I'll do selling and reinvest when it hits the dip again.

Seeing the bullish Bitcoin price until now, it looks like I will continue to hold the Bitcoin that I have for now. And there are no plans yet to sell
my Bitcoin, if there is no urgent need. Moreover, many people predict the price of Bitcoin will rise to reach $ 100k this year, make me even more
confident to HOLD my Bitcoin. So I'm still not planning on creating a Bitcoin exit strategy at this point.

Can open an ISA from Canada? Is it worth it?

The exit strategy can be sending your funds to exchanges and trade them to USDT, USDC, or BUSD. Or you can sell bitcoin directly in the exchange app but demand for this will be low. Or you can approach the OTC exchange to sell your cryptocurrency to cash. The last one is quick and there will be less commission.

I sounded funny but reality is that I believe in bitcoin a lot. From the moment I read the whitepaper I fell in love with it.
How is it even possible that a tool like bitcoin doesn't resonate with people? People are so blind in terms of finance and economics that something like bitcoin can't be possible. Our overlords tried hard to dismiss bitcoin in the eyes of the public but that can't be done anymore and I hope an increasing number of people will see what we've seen already.

at least you have to secure your capital first when it feels like it's enough because it's very important to keep your funds safe. Bitcoin ATH that continues to be printed will experience a saturation point where there will be a decline in price or a correction that will make people panic.
There is no need to do an exit strategy, but safeguarding the initial capital will be very important to keep trading going.

Good catch and with that trust with your own assessment in terms of following this system you'll able to manifest the benefits from this industry, there are many who are now regretting not to take time learning while the value still cheap, nowadays you needed to have a lots of funding in order to have a much better numbers of assets inside your pocket.

Those who had been here much earlier are simply watching and enjoying how the trust that they've provide bring them the luxuries that this system has brought to their investment money.

Exit strategy is the hardest to do. Once the dip started you will have to keep watching multiple charts to identify whether we are really in the bearish market or not. For being unsure, you just sell right away thinking it's already the start of the bear market. Last night there could be people executing their exit strategy. Now, they felt like they were tricked to sell.

How do you justify what is happening in the crypto industry with the rise in the price of btc. Do we say that the way the bubble happened in 2017 , it will also happen in 2021?

In 2017, we have less institutional investors, less private business adoption the only thing we had was the halving.

Well, why it's good to have an ext strategy, i think the price of btc would be more stable than ever.

---

This is one of the best lines in your comment. The way to prosper in investing is to have a flow of income to always use to explore opportunities. yesterday was a very remarkable day, my friend and i saw how bloody the stock market was, we saw opportunities to buy cheap stocks, but we had limited liquidity.

So, seek for ways to increase your income always.


[moderator's note: consecutive posts merged]

The call for a strategy to get out comes again and again with such courses. But one thing should be clear, never sell everything! always at least 1 bitcoin hodln. Just to never really be gone, but to stay loyal to the community and to innovation. Even with a higher rate like now, bitcoin remains and lives on. Selling a portion is okay, but hey ... not all.
@virtualdn: good man. great decision.

I want to give my family bitcoin and do not want them to say in the future: would you have bought btc earlier than you could.

Excellent point. I suggest having liquid fiat that you can quickly leverage to take advantage of significant corrections. If you are all-in, you will miss key buying opportunities when everything crashes. (I’m speaking to myself here also, as I am constantly tempted to go all-in on things I really believe in, like Bitcoin).

if your tempted why wont you do it but if your in doubt dont do it .
 i can put much trust in bitcoin more than anything else and if i were you i will not think twice to all in my money because bitcoin is different .
 bitcoin gives its best 100 % whenever theres a bull run comes and we all witness that last time .
 im a person that once i invest into something i will not think of exiting . sorry op i cant help you if your plan is to exit in bitcoin ;( but if ever you changed your mind  , dont hesitate to contact me and i wont hesitate to help you

We don't exactly know what's gonna happen that is why it is better for us to plan our exit point. It could be hit $100k this year and there's a chance that it would not, you could do whatever you want on your coin like hold but make sure that you will be able to handle the risk. My advice is that set your goal and don't be greedy besides, once you made a profit, you could save your capital and use the rest to buy again once there's an opportunity to procure. The thing here is don't be greedy otherwise you might lose the opportunity.

If you don't have an exit strategy, you can just get out of bitcoin by setting X amount of money in your wallet before going out. And you have to make sure that when you get out, you have to get a job or if you have a business for safety net for finances. Too bad that you don't have a skill for business but it is not the end for you, you can still learn some way to do some business, there are self help books out there about entrepreneurship. Other way is getting into stocks and bonds to help make a passive income stream.

yes i am ,even how bullish this year ,there must be have some bear waiting for the right moment, and i wont get rekt same like 2017-2018 , for sure, i just believe bitcoin will reach 100k on this year, and when that come , i will sell everything, i also quite sure even shitcoins will grow like miracle, however i have plan to buy low and probably will kept it there for a long time .  u know what, this scheme just keep repeating, no matter what happen , big pump will end by big crash and everything recovery together.

So I got heavily into altcoins (more than half of my portfolio), but I'm planning on selling most of my holdings in them (except Ethereum of which I'll keep a majority) and hodling most of by Bitcoin through the bear market. I'll use the profits from the alts and to slowly accumulate BTC for the next bull run.

I know the capital gains taxes will suck but I think this is the best thing to do considering the strategy I used. I didn't plan to get so into the alts but it was just so exciting that I went overboard. The alts I picked we're mostly top 100 coins so it wasn't too risky.

Now I'm just debating how much of the alts profits to put back into Bitcoin and how much to convert to stablecoins.

Anybody else take this route before?

For a long time I have always had the magic number of 100k in the back of my mind as a good exit point.

But now I am reading some experts predictions of 100k just by the end of this year so Im thinking I might wait longer.

Admitting it is going to take some strong hands to hodl when its at 100k price point.

To be honest i don't really have that strategy, i'm just gonna sell it when my real life force me to convert it into the real money.

And i dont think it's gonna be long day for me to out from this investation, especially in this situation when theres a lot of big company who investing in BTC with Huge Amount.

Market of cryptocurrency are so volatile having no strategy might put you in the situation that you may regret later on. I'm sure you need to assest and make yourself some realizations when it comes to trading or simply just buying and selling. It is okay if you don't want to make it full time trading but even the basics is a good fundamentals in making profit out of your money. BTC have reached another milestone, which is the ATH of its value. I think it is good because the value keep climbing up yet it is also dangeroua to ride as well as to invest because you don't know what would happen in the future. BTC value might also get down in just a snap.

Experienced teaches us valuable lesson and I do believe the bear market will also come, the higher it rise that could be the same magnitude we will witness once the market is already in bear season. We just enjoy the bullish market, take profit if necessary but do not get FOMO if you are not really for long term hold as once you panic, good bye to your investment.

I consider this a reasonable choice, the only problem is to determine in time the moment of release and sale of bitcoins at peak prices. The price of bitcoin can plummet and after that their sale will not be so profitable. It would be better to partially sell them at the current high prices and keep a reserve of money to buy bitcoin in case of a sharp price drop.
Of course, holding onto bitcoins is not an end in itself. It should be profitable. Therefore, it should be periodically fixed and be prepared for both the high price growth of bitcoin and its sharp fall.

Any investment in bitcoin, I do it for long term so mid-way crisis does not scare me because in couple of months or year it will be back again and more strongly than before. So anytime when the price has suddenly risen a lot and in my personal capacity require some money so do sell at times some part of it in order to maintain my expenses and also in this way book it for profits as well.

Since january 2020 , My plan is to sell all my Bitcoin when the price break down the 25,000 Price per bitcoin but the plan changed when the value increase continuously when it hits the 20k .
Then I make another exit at 40k and I made it then , and when the market had a correction i bought back at 32k and up to now waiting for my another exit in which 80,000 so maybe this will take me another long waiting before succeeding but i care nothing , This market will continue to go up this year.
And even if the price fell back down to 20k level? then i will buy more as i have saved half of my funds from 40k selling.

If the entire house of cards collapses, you'd be at breakeven if you removed everything you've put in so far.

In a highly speculative investment, this isn't a bas strategy. At the very least, you're not in any worse shape than you were before.

Even if the Bull run comes to an end, it doesn't mean a network crash or imo anything too significant, there have been previous bull runs that came to an end, and after a period of a couple of months the price starts again to appreciate in sporadic fashion, that's the thing about the BTC network, it doesn't stay down for too too long, so why fret by having an exit strategy.

Having said that, the thing to note is 'do not invest more than you can afford to lose', once this rule is obeyed, you do not even have to sell your stash during the start of a bear run, I don't plan on selling my Bitcoin to Fiat, with all the printing of money that's been going on in the traditional institution and inflation/hyperinflation that's going to rock most Fiat currencies, BTC is a hedge as well as a currency for it's users; the wisest of choices will be to remain locked in the Bitcoin network as long as you have other funds to take care of your daily needs,

Why you always risking your money when you can totally not spending that much and not to lose that much , if you are investor and really your goal is to make a good profit then sell when the price is right or necessary needed a money for financial status and then you think bullish is done then you should keep on eye on the graph because some if investors are waiting also to buy bulk of bitcoin just to make another small profits. Follow your guts and you will be safe also do not forget to search more about others plan.

Yes, I plan to reinvest the money, not in cryptocurrencies but another investment. I think many people fall into this trap when they invest or win a big sum of money, they really don’t have a plan on what to do with their money. You always need a plan or an exit strategy when it comes to investing.I know a few people who invest in cryptocurrencies and I tell them the same thing. Have a plan when you decide to sell your cryptocurrencies. You may want to pay off some bills or buy something nice for yourself.

Nothing beats out  the feeling on cherishing up your wins or profits via means on buying off your wants and wishes back in the past when you dont actually have the money to buy on.
Exit strategy would really vary on peoples preference.Some do like to reinvest and diversify.Some do only just like to hold and save it up for future because they are currently
not on in need of something.

Learning how to play well with the current situation would lead you to a much better position in case there's certain events that
happened with the price of Bitcoin.

It's important to know when to hold to maximized your profits and when to let go to avoid losing your money, in this view point
there's no accurate but it can guide you with every experienced that you have while working inside this industry.

Keep planning and make sure to follow each system that you build.

Yup, I agree.

Investors like me who have managed to buy it at the best price before whatever is going to come out or if worst comes to the worst. We're at the better place right now because we've made profit and we've probably sold at different good prices.

But if there's no clear of coming into that scene of being a worse to worst for bitcoin, there's no need for somebody to take an exit. Better to enjoy the journey and be part of those folks that holds it if it happens to reach $100k-$1M.

Sell in chunks, don't sell at one price. I did this mistake of selling half of my holdings at 24k while remaining half at 30k. So in the end I am at loss, should have sold in small chunks of 5% or 10%. Make sure you exit before this bull run is over.

Well, perhaps no one will accept their losses for nothing if they don't need the money. Because for me, I will sell my bitcoin once I needed most of the money but if not --it is good if you are in a bullish trend to sell and get your initial capital of investment and hold the rest as much as you can and regain again and cut profit once there is. For me, I will not sell my all holdings at once, because I know that bitcoin is a good investment and perhaps another 20 years will pass bitcoin will double its price as of now. So cutting profit like 10-20% have a good advantage.

What is the price at the time that you buy your Bitcoin? because that you at loss, it means that you are definitely losing or just missing the opportunity of selling it at a higher price?

In this nature of the investment, you can't guarantee that always it works well and give favor to us. If you bought it at $20k and sold it at $24k, it is a profit already, and that more selling at $30k. For me, I don't have to complain about it but to be thankful because that was big enough, and not all made it.

Selling chunks is not an exit strategy, as you are still hodling bitcoin. My exit strategy involves accumulating a lot of bitcoin and selling it when the prices are so high that quitting is an alright thing to do and then investing the money on other things that makes a passive income stream like Index Funds, ETF, Mutuals, Stocks or a business. Exiting is a difficult thing to do because we don't know when will the bull run stop, exiting at the right time is astronomically difficult.

Bitcoin IS my exit strategy

I joined the signature campaigns about nine months ago as I regularly post and see it as a means to receive bitcoins that I can hodl indefinitely (ten plus year objective) given that I haven't had to buy them. And, any time I do actually need bitcoin, I can buy them for the going rate and use them immediately without worrying that they'll go down in price.

Some of the SigCamp funds have gone into opening Lightning Network Channels and some have gone into paper wallets.

I actually do, many people who are not sure what bitcoin will do feel afraid and they get out as soon as it drops, and many maximalists end up promoting it to the end, like they would die before they would sell, those type of things. I do not think that I will hold it that much, and I do not think that it will drop neither, there is nothing that would make me more happy to hold it as much as I can but I do not see the point of it.

So, what is my exit strategy? Retirement, I want to be able to have enough money to say that I can retire and do absolutely nothing, that way I will be basically profiting everyday with ease without worrying about anything, then I will just take it out, maybe keep a bit in for fun, and then use that money as retirement fund when I am old. It would make things a lot easier for me and I would basically spend my times relaxing.

You even have sold in higher price than the mistake that I did but it's really regreting when we look at the prices today and the prices that we're able to surpass. I've done the same mistake but with a lower price and that's why lesson learned.

Don't think that you're in the loss but as long as you've sold it higher than the price you bought it, you're still in profit. But the potential profit should have been higher if you and I haven't sold early.

Hi, this is my 1st post and not sure if I can ask this here.
But my question is,  how do I find out the least expensive way to sell BTC back into US fiat.
I have Coinbase and Binance.us that I can easily use but are there alternatives? And how much should I expect to pay?
I realize volatility factors in. Is there a place to track fees?
I guess this fits in with the exit strategy question, but not sure. And I'm not sure I am asking the right question.

I cant think off that is much better with neither coinbase or binance but if you are really actually hedging between Bitcoin and US fiat then
i would much prefer on staying up first when it comes to conversion with stablecoins and converting those profits in one go rather than on actively
switch it up which would really make those fees to be that somewhat a bit of a concern.

When it comes to bitcoin exit strategy then there are various ways.Fees would differ so best thing to find out what would be ideal for you.

Exit point is very important. when I slept last night bitcoin was 60k and when i woke it was 57k. You can never hold a coin and you never know how far it will go. Just set a target price and when that price is reached, sell your coin. Remember haste makes waste. In other words, everyone has to choose individually.

In Binance, I think there's an option for you to put up sell ads in P2P trading allowing you to sell your BTC back into fiat to other binance users and they can pay you thru your preferred payment method or directly to your bank account. You can also set your own rate, so you can sell it for a higher price (assuming that buyers will take it). For me, this is the best option without having to go thru fees or taxes and whatnot and since you can have it transferred directly to your bank.

The price at the bottom of the bear market is very likely going to be blows. so I am going to end up with more BTC end.I have made mistake in the past of selling at the early stage and that's not a smell amount please prayer for my feeling. but I have just learn that it's best to keep yourself on truck or leave a person that you are likely to purses and continue holding on matter how much you take proof it's always remember that all in what in Bitcoin 1 line that 11 his tone has seen with lower for this is just my intention everyone is different.

you mean an exit strategy from fiat dont you?

The best strategy can be selling at the peak then wait for the lowest low, obviously which is not possible to attain so we can set a goal price then just go with the same strategy or you can also be a long term holder just keep holding until the next peak.

@jrrsparkles I agree with this strategy. Even I prefer selling at the peak as the best option for a bitcoin exit plan.

Well in my opinion. If you are using Bitcoin as a trading instrument then you would have to get acquainted with the Japanese Candle Stick technique. This will give you sell and buy indicators that would help you make decisive decisions regrading your trade. You can pair BTC against the US dollar or other prominent commodities to maximize your profit and lastly focus on daily charts as trading with time frames far lower when one is not experienced can cause mental drains and make one loose trades since the stop loss would be reached more often.
Happy Trading!

I have my own strategy as retirement plan. I am not going to do anything until I have enough money to retire. I like to work, I have one of the best jobs in the world because it is what I did even before I started to get paid for it, now I am doing it for money so I am happy.

However the fear of not knowing what will happen a month from now is a scary thing. What if it all goes down, what if I get fired, what if I am sick and can't work anymore, there are too many things that are very risky and I can't just hope to be working for 20-30 more years just as I work now, things may change, and I need to find an alternative for what I have right now. This is having enough money saved aside to retire, if the crypto portfolio I have ends up being high amount enough that I do not have to work, I will keep on working but if anything happens to me then I would be able to live without worrying about money. In that situation I will exit, put all that money into savings account and just spend it until I die.

It's much better to have selling points than to exit. As long as you've got a hold of bitcoin and it's market value keeps on increasing. There's no point in exiting.

You can compare this if you've thought of this for the past years and you've sold at a said high of $1000 or even $100 when its price was cheaper before.

Then looking at the present, you just made a bad decision for having an exit.

Totally different when you do talk about exit and selling points which I do really agree because you could really take advantage and make profits in short time if you do wanted to.

Always have a strategy on when to get out and when to get in and make yourself sustainable.Do all sorts of things as long it would be beneficial for you.

It is just normal that you should have a goal at least unless if you are a long term holder then its up to your choice.

If you are into long-term investment, best not to have that. We all witness how far bitcoin goes and still moving forward.

But for those who are into short or mid term trading, people who wanted to have a quick gain,
They are attached with profits that they already satisfied. There's no wrong though as long as you
are good at dealing with risk management.

Make sure to assess yourself and the manner you deal with this investment. You alone who can decide if setting up limits or
aiming for much higher profits is much better for your money.

Long term folks are also taking profits, why you shouldn't take profit? For me, even you're a long term person, you have to take profits.

Don't miss any single run that has generated you profit, you can always buy back at a lower price as the market usually goes with that pattern.

Most of those who do so don't do that with the intention of running away completely from hodling Bitcoin at all. They do so in order that they might fancy their chances of increasing their quantity in hodling. But we have seen countless times how this strategy hasn't work out well. Except for those who have the skills, it backfires like @mk4 warns there 👇


Again, nothing says those who sell now can't leave any Bitcoin for their progenies. You can also try it if you've the set skills for it.