Bitcoin Forum

A lot of veterans I talked to back in January/ February had exit plans that were going into action late summer and early to mid fall at the latest. That was a majority of veterans.  I think bitcoins dropping to its new bottom slowly but surely. But it won’t go past ath for a while. It has been nearly a year and 6 months. Historically it probably means the btc 2021 bull run is over.

Yeah, and the new All-Time Low always comes only when the price dumps a little bit.. right? And $100k always comes only when green candles pop up..

"Exit strategies" have been out there ever since Bitcoin exists. And look at it, look at the charts ever since, see how much they really worked. For most of us, trying to go for these "strategies" always meant a failure. The best strat when it comes to Bitcoin is still just hodling and that's it.

Historically it might mean that BTC's 2021 bull run is over, but history doesn't mean much when you have Bitcoin reaching all-time highs of adoption and BTC-related laws. We've never lived times before where countries turned Bitcoin into legal tender. It could very, very well be a halving cycle that does not follow the previous ones.

That's not the choice for many people, exit strategy is an expensive one because you need to cover all the bases and covering them all is expensive, if you're not thinking long-term, I don't think that even an exit strategy will be useful to you because it will definitely end up with you losing more just because you had a short-term goal.

I agree with you especially if my position in BTC is being a trader, we cannot just sit back and watch our money get burned when indicators are telling it's going to drop massively. It's part of our risk management to have an entry point and of course exit plan when things don't go according to what we predict or plan before trading. There's two option; its either we sell our BTC at a high price and buy
the dips or just hold if you're undecided.

Dont say it overs when you actually seen it happened. Yrs bull run is finished but there is no guaranteed that this is the end already. Many rallies were made and seems btc still holding up, since a lot of institutions buy in. Not ti mentioned Microstrategy that is owned by Michael saylors.

We can hear a lot of speculations but for some who believe in bitcoin. There is no bear market at all, as bitcoin destination is always as it is. Go up until massive are into it.

When did these so called veterans buy into Bitcoin? Whatever their strategy is, it should not affect someone else as you do not know what their investment looks like.

If you feel the price is dropping and the bullrun is over, short Bitcoin and wait for the price to drop and buy back.
Or just simply sell and take your fiat equivalent.

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You don't have to make a thread cause of your sentiments about the market, as everyone has one of those.

Hah, mate— knowing the economic situation of the world right now that a lot of people are taking really lightly, Bitcoin is my exit strategy.

It is sure smart and important option to have as cover but not easy to make it always. Need enough funds, knowledge, experience too. Newbies cant afford it but agree we all have to think few steps forward cos crypto market is very unpredictable.

I have an exit strategy always :D.

My exit strategy?? Investing into top coins like Bitcoin and Ethereum. I'm just continue accumulating and accumulating top coins for a long time and then I will sell it at the right time or when I already needed money :).

I think you’re wrong & we are seeing a repeat of the 2013 bull run with a double peak. We will see a really bullish Q4 with multiple ATH’s. Let’s wait & see what happens.

But you should first identify what is your goal, are you trading? If yes, exit or target price is important then.
Are you just investing in the midterm? Short term? or long term? I believe exit strategy is always good especially you already have profits, not a bad move. But the best to do is not totally exit, like partition, and re-enter again on the best opportunity.

Lets have twin peaks. but fraternal ones. I know these two fraternal Filipino twins.

Good looking girls and fraternal twins 👯

The one that was born second is 5 foot 7

The one that was born first is 5 foot 2

if those ratios hold true for btc the second jump will just crest at 70k

which i would sell at.

but still mine on.

eth would get close to 4800 if it holds forth for eth.

I actually think we are going to have triplets with three peaks.

64k in the spring of 2021
71k in dec of 2021
90k in spring of 2022

could go further  if chips do not keep coming we are still in a worldwide chip shortage which is affecting a lot of shit.

It's not always green scenery and the proof to that statement is today's seen in the crypto market. we need to know when to pull back when we have already gathered some decent profit from our last investment. I think it's better to have such a strategy to avoid further losses and will gonna invest again in the future when the times allow it. We are not the only one that is doing this, the other big-time investors have their own way to exit when they feel they already have the necessary profit to exit even though it is early than expected.

why should exit when the market price is often bearish. I think now is no longer the time to exit when you were long in the old market price, but start re-entering with the new market price. like the old strategy buy first out last and buy last sell first that's FIFA law in accounting terms.

This is so true in my opinion. People should always have a plan B not to screw thing up about their investments. I think that people should already have set price targets for themselves to be able to sell at the right time and not to be a greedy person. Greed is the most dangerous factor in this market that can lead someone lose even their whole investment.

For me i don't have any exit plans on my trades dude, i only invest or buy when i think it is time to buy then if the coin will go down i'll just gonna hold it till the price will recover, in short if i lost just holding and make it long term trading just it.

I am not sure if the bull run is over yet because the bull run can come again for the second time. But yes, we need to have an exit strategy to leave the market with a bag full of money ;D

Somehow, I still feel that the bull run will come close to November - December this year, but that is my prediction because I do not know what will happen before the end of this year. While we do not know for sure, we can leave the market for a while or wait for the second bull run. I choose to wait for a while because the end of this year will be close to 3 months later.

Oh yeah That's a good idea always have an exit strategy ! But I am completely except this sugar free experiment because that's not the choice for many people. Exit strategy is an expensive one because you need to cover all the bases and covering them all is expensive, if you're not thinking long-term, I don't think that an exit strategy will be useful to you because it will definitely end up with you losing more just because you had a short-term goal.We can hear a lot of speculations but not effective if not get any profit.

I think that you shouldn't treat it like that.

It is pretty much impossible to time the markets perfectly - what makes you think that you have a special kind of insight into the markets that the rest don't?

Sure, have an exit strategy if you are saving up for a house deposit or whatever, but if you are just in for the long haul you should just ride it out and hold.

The 2021 bullrun ends, yes could be BUT was that the end of Btc's bullrun?
When you're talking about exit strategy, that means there's no going back because an asset could either be dead or no chance of pumping back up. Is that case for Bitcoin?
Look at the historical data of Bitcoin's price and tell me does exit strategy works for Bitcoin? Because the last time I checked Bitcoin had been consistently gaining value each and every year.

I do agree with you, even if we say they are veterans, no one can actually predict what may happen to the market. I don't know who the OP is talking about here, regarding veterans, but they also don't have the crystal ball to see what will exactly happen. But one really should think about his exit strategy especially if he has something needed in the near future and he needs to cash out some of his portfolio.

Well I think he mean that taking profit will there's opportunity since holding for season like this makes other worry to drop of their holdings since we don't know what the future brings to us especially right now that bear market is a huge treat where mostly people got panic and sell all their stuffs without even thinking. Yeah bitcoin is gaining value each year that's why we need to grab that opportunity and continue to trust bitcoin since if we quit since we lost then this is a huge mistake to take this decision.

Maybe what veterans mean in this case are people who are experienced in the crypto world, but even experienced people have difficulty
predicting current crypto price movements. Like you said they are not fortune tellers who have crystal balls that can know the future.
Therefore we really have to have an exit strategy, especially with the Bitcoin price falling right now, makes almost all altcoins fall too.
To be honest, I'm a little worried about the current market conditions. Therefore the best exit strategy is to take profit if there is an opportunity.
Because holding too long in the current situation has a very high risk.

In spite of your bearish predictions, your advice is sound that everyone should have an exit strategy.  If the price hits millions suddenly it won't do you any good if you have no way setup to cash out and no plan in place for paying taxes on the gains, etc.  It's best to plan not only for at what price you'll cash out, but using which service and how you'll account for it.  Then you need to make sure you have the proper verifications in place so that you won't be stalled up by low daily limits or long verification processes when it comes time to sell.  Whether you're selling at a loss or a gain, that's good advice.

To make an exit strategy, of course you must have enough understanding of bitcoin price movements, including having a signal when the last bullrun price is in units of weeks, months and years. then when the bearish will occur and for how long, so you can determine when to sell and when to buy. if this strategy fails, then there must be a backup strategy that is to prepare enough fiat money to buy when the price of bitcoin experiences a sharp decline.

When the signal is just coming from your signal channel, you should be careful because sometimes, their signal can miss something.
But if the signal comes from your own analysis, it is better to follow your plan.
Even if you miss something, you will know the mistake so you can fix it and not make another mistake in the next trade.
It is better to have more than one strategy to anticipate what will happen to the market so you do not confuse what you will do and can find a way to prevent the loss.

Ok, I mean I used to have those really, believe me, but that was when I traded it. It was a necessity really, I had no choice just so safeguard my coins from being rekt by volatility. Now? I just hold it, long-term. No more strategies, no more needless panicking, just holding. Honestly makes life a lot easier. So what if it's dropping? Hodlers never looked at Bitcoin from the short-term perspective anyway, we always look at the long-term ones. Plus, comparing the current economic situation to the crypto situation? I'd honestly say that hodling crypto would benefit me better than fiat.

Amidst the current market price action expressions related to Evergrande affecting the crypto picture, there is a possibility of large volatility allowing for higher accumulation.  If you can't bargain your position, you can completely tighten your belt to continue Hold, there are too many things that turn out to be different from the past price history.  It is too early to withdraw at this point.  $38k- 40k remains the bigger impetus for the bulls.  Our light will come in October, I trust bitcoin's instincts in this critical situation as well as Taproot's approach.  That's what I consider a bad thing to withdraw too early.  The 200-daily MA chart could stay weak for longer, but a wick reversal is still a big possibility.

Bitcoin - the only way against money printing

You don't need to be veterans to have exit plans because even me that is onto long term holding has my own Exit plans.
it is not because we are holding for years meaning this is permanent because i also sells my holding in certain amount of profit i targeted .
but indeed that we must always have exit decision as the market volatility is also an advantage to gain when selling high and to invest when the price is low.

Yes me also mk4, my exit strategy from the mundane daily work slog, something
the FIAT system was never going to give me and didnt come close prior to Bitcoin.

I cant imagine liquidating everything back into FIAT TBH, jumping back into
the very system Bitcoin strives to counter.

I am an investor since 2012. I guess that is enough to be considered as a "veteran" by you. If I had followed your strategy, then I wouldn't be having any coins with me now. I don't really care whether the 2021 bull run is over or not. For me, it doesn't matter much. I have been waiting since 2012, and I can easily wait for another 4 years (or even more). I know that for the new investors, it may be difficult to wait for that long. Because they have no experience of getting good returns by investing for long term. But just look at the historical price charts, and there is a chance that you guys will have a change of mind.

I dont really believe much into those claims or those professionals or veterans saying that they would really be taking profits or would exist on this market on precise manner because if they ever would make a move
specially with whales which it s impossible that you would really be knowing those kind of informations.Exit strategy is something that we do have or a must thing when you do deal up with this market.
Of course there might be some people who do hold for long term and doesnt mind much about exiting but for those who had done recently then i could say its a good call.

Because chances are, it's BS lol.

You can make an "exit" regardless whether whales exist or not though. A whale is an entity that holds a crap ton of bitcoin, not necessarily that the whale is trying to manipulate the markets to mess with people, as with what a lot of people believe for some reason.

Maybe, but there is still the Q4  and anything could happen during those left months before the end of the year.
These veterans bought Bitcoin in January?
If that's the case then their exit plan will still be successful even if they do it now. January 1st until the end of it was just 30-35k in USD until mid-February where it skyrocket to 56k.
Now, the question is they are doubting to sell, right? They are taking their chances for a bull run to happen again to maximize the profit. Sounds like greed to me but it's alright. I hope the choice will succeed and volatility won't hit them hard.

In every investment framework, it is a wise decision to always have an exit strategy because tomorrow is not promised and the last time I checked every investment has its own risk involved.

However, I don't understand how you come up with your calculation about the bullish market but the Bitcoin halving effect always last for 12months which will be October so the bullish market is not over though the market may not reach the previous ATH price

Of course, traders need to be intelligent enough, if you has an entry plan, then definitely an exit plan should always been in plan.


We still need to do our own research, he may have talk and consult to a lot of bitcoin veterans, but as the market is very volatile, we really don't know what's going to happen next, we reach $64k all time high, we dip to lower lows of $28k, at least a 50% increased from that is $56k. Which we almost did reach at $52k. So if you look at the movement, we can still bounce back and I don't see anything bearish about that pattern.

How do you come about your conclusion that the bull run for the year 2021 is over please. Can you provide a support data and evidence that makes you reach that conclusion for i believe that your prediction can't stand a text of what will happen in the remaining month of this year 2021 if all things remain equal.

The issue with exit strategies is that when they become true most traders don’t take them.

When Bitcoin was at $28K many people wished it would go back to $50K so they could sell. That was their exit strategy, and most likely when it went to $50k most people assumed it would go to $100k and they would sell then. And look what happened.

Same with people who are like “Bitcoin at $64k is expensive, I wish I could buy at $30K” and when it was at $30K nobody bought because they wanted to buy at $20K instead.

You are talking about dumb money from retail traders which is already given since they are the sacrifice for smart traders to have a profit. Let's say they are the majority but in quantity only but most of the smart investors such as VC are always playing safe and have an exit plan ahead to the retail investors in times like this. I don't to comment about those retail traders that contributing to dumb money but they are really essential in trading so that someone have profit.

I am definitely agree with you, because if anyone know how to save money, they should know how to use it too. Although many are think exit strategy is an expensive option but in my opinion it's a good option, because the key to the good life is not saving aimlessly, it's smart investments.

Having an exit strategy is always a good way to protect our money from manipulation, correction and etc especially if its a bearish market because you don't have clue how long it will last..indeed it is all part of our plan when it comes trading and investing in order to save our profits and to prevent massive losses. Just always remember to don't move your stop loss no matter what or should i say never change your exit strategy because you will end up nothing after all.

You can change your exit strategy, what if there's a more lucrative exit strategy presented to you and you've seen all there is to see regarding this new exit strategy and you see that you're not going to lose anything here, would you still opt out towards that old exit strategy? I don't think so, if your exit strategy can evolve then let it evolve because what good would it do if you're stagnant.

It is difficult to reach new ATH for this month, market conditions have forced bitcoin to correct until now, the pause in the recovery has not seen the maximum, this condition further emphasizes that reaching new ATH is not possible, but in the long term the possibility of bitcoin reaching new ATH is very open, so I guess for January and February bitcoin will not reach the new ATH, however the correction phase has not recovered so far.

My exit strategy is a house. I know that it doesn't make sense for most people, I know that crypto makes a lot more money than a house and that is why people end up having some sort of weird reply to whenever I say that I want to buy a house.

However, sometimes you have to consider how you can spend your money and who will say what. I do not have NEAR enough to buy a house, it will take minimum of 4 more years by saving with the hopes that it will be 200k by the end of that 4 years. So, if it is not 200k per bitcoin, then even 4 years is not enough and will have to wait until it is there.

The reason why I want to buy a house is the fact that my wife would not let me keep investing too much all at once into anything else, I have already done small by small into crypto and can't grow to a retirement level this way, so I need to make a big investment to get it done. If I told her that I am buying a house, she will definitely see that as a possible profit maker and I could rent it and even use that as collateral to get another loan in the future, 10-15 years down the road if I have some more crypto savings and can buy another house with some of it from crypto and some of it from the loan.

Regardless if the bull run is over or not, we should always have a exit strategy. And it's logical, I mean we have the entry plan, so obviously, we will also need a exit strategy as well. And as a I have said before, it's rare for bitcoin to hit 2x of a ATH in the same year, and probably what follows after that is a bear market. And that is what we are experiencing right now, although the market going down is not that abrupt but yet there is indication that we might be in the bear territory already.

The best thing that you can do before dealing with trading is to have this kind of plan, both entry and exit should always be plan ahead of time, it's all about your executions that will give you the benefits that you are aiming, it's not always that we see bull and bear there's always season for each market movement.

The more you prepared, the more chance to experience a better outcome.

Without any plans, you are just playing with fate and once it didn't come your way, the next you know, is you are losing your money. ::) 8)

Bitcoin's resistance actually doesn't need to be doubted at this time, after reaching ATH twice in 2021, the correction that has occurred has not been seen to a low decline, so it is unlikely that the correction will recover in February or March, after the correction is complete then be prepared for bearish conditions, although we don't know for sure in what month bitcoin will return to the green line, but I'm sure in May conditions will be normal.

I truly believe the best exit strategy is to exit from FIAT and forever hodl bitcoin :D

Its best to jump the fiat ship while it is still sinking and climb aboard the crypto ship. But if you absolutely need to save your money because you cannot afford short term losses, I guess just make a trading strategy and calculate a certain percentage that you are willing to lose on a trade. That will be your exit strategy. Although, as I said, I would not recommend it, as exiting causes more losses than one might think...

Even I am not holding big amount of bitcoins, honestly I am not having any exit strategy. Moreover even I am having some plan/strategy for the time around ATH, I was unable to execute it because of uncertainty of market conditions. By 2017 end, I was assuming like that we were going to have continuous bull run along with small corrections and by 2021 end, I am expecting the ATH to happen by mid of 2022 which means that not sure about that I got trapped one more time by beauty of market or not.

Still, I am happy with my long term holding; I tried to multiply my bitcoins by selling around ATH and buying back at bottoms but not being good in technical analysis is making me not to act as per my plans.

I think many had an exit strategy to either get out at $98-100K or so, however it never reached that figure. Right now I think many will have an exit strategy to exit at $50K and there is a good chance that even $50K might not hit, might come close to $48K and head back down. Similar to what happened in 2018, when it broke $10K a second time, everybody wanted to get out at $10K but it went to like $9800 instead.

Either way, you need an exit strategy before a certain event happens. Lets say your strategy was to exit at the old ATH $64K, however when you saw that bitcoin had lots of steam you cancelled your sell orders and moved your sells up, and now you are left holding the bag. Have an exit strategy and stick to it.

Reaching all time high in the same year is already a big accomplishment for bitcoin. And that's why 2021 might be the last year for the bulls as we might enter a bear market and that's what exactly what we are experiencing right now as the price is stagnant at around $40k++.

It's easy to say that bitcoin will hit X all time high this year, but if you have been in the market for so long, you know that bear market is imminent as it is a natural process to occur after a bull run, so it's a cycle.

The most important thing is that we must be able to invest with a knowledge base, first we know the coin we want to invest, then make a suitable investment pattern for the coin, the investment pattern is divided into two, long term and short term, so if we are familiar with the coin, then easier to implement long term or short term, research is a must in carrying out investments, without this we will find it difficult to achieve maximum profits.

That's what smart traders/ investors should be thinking. The bull run is over so let us not expect a new ATH anytime soon. With the way the market is moving, it's already giving us a hint that anytime we will see a huge dump, and when that happen it will make the dump more serious as some may panic.

You do not need to be an expert in technical analysis to understand these aspects. When you see the coin moving from below $10 to above $50k i sold a portion of my holdings as i never expected that kind of rally this year to be frank, i thought these valuations were possible during the next rally, but you will be surprised with the rally all the time even though i saw all the bull runs till now.

My next target was $75k but we are yet to reach that target this run, either way i am happy with the current rally and will take positions according to the market situation.

And that is why most people fail in this market, they do not really have a defined strategy about what they want to do and how to do it, many people just buy a coin and then hope that things will go their way, when a complete investment strategy will tell you which coins to buy, when to do so, when to get out when in profit, when to cut your losses and finally it will tell you how to enter again a market you exited too early, if your strategy cannot do all of that then it is incomplete and it is necessary to review it.

Yeah, that's likely what it is. Before we've got some plans of selling at a certain high price but right now, the world's situation is no longer becoming good.

We got to have a plan that will save ourselves from these economic down falls and that is to get into bitcoin. That's why I won't sell a lot even if the price of bitcoin goes up.

The inflation rates are increasing and as well as the salary is slow in increasing, to cope up with these problems, HODL is the key.

Holding bitcoin is the best investment option, I'm in the crypto world so I will support my statement. However, it's a risky investment so we cannot rely just on that to solve our financial problem or the inflation thing in the long run, we need to find another source of income to increase our funds to live a comfortable life, the investment we have now may like our retirement so we don't have to worry about out finances in the future.

It's risky for those that don't understand it.

Someone who's new to it has to understand the risk before they go just as what we do. At first, it's going to be hard because you'll be living with volatility.

But once you're used to it, that means nothing and you're just going with the flow of the market and that's no longer going to hurt you once you see it dropping hard.

The market reaction makes people confused in investing, actually strategy is the first step in opening up space to invest, if buying coins and then hoping for a miracle is a wrong pattern and we need to fix, how many people fail to invest because of the absence of a good strategy, almost in general people do things not based on the right considerations, that's why I say investment should be done with considerations, strategies and patterns that bind.

"Exit strategy" sounds like an excuse to sell with losses. Person would better try trading to minimize loss or continue holding imo. Instead of having an "exit strategy", I would better have a "money pillow" that will help me to keep on the surface and not to get bankrupt, and continue holding. However, this "money pillow" should not be used as an investment in crypto, it must be used only IRL while holding crypto and waiting for a desired price to sell it at.

The only reasonable exit strategy would be to sell at higher price that you planned beforehand and hoping to get back in at the price you wanted to. I mean it makes sense to calculate these things before they happen, so that you would be doing a lot better with your strategy. However, if you did not planned it beforehand and got scared and sold with a loss than it doesn't make sense at all.

I hope that I would actually reach my portfolio amount that I dream about. If I can do that, then I am going to end up buying a house and renovate it and then rent it out. I am not going to be super rich and all that, but I will be doing just fine thanks to that, basically it is a safety net. That type of exit plan is not a bad one at all.

An exit strategy in my opinion needs to be a backup plan than a primary one. Because we don't know how exactly will be the market move. Everyone wants to sell high and get back into the market buying low. This can be made possible with time and not immediately. If the market is in large scale fluctuation, this might be possible. So, here we need to use the real exit strategy or the backup plan to cut the loss if market moves were against our prediction.

an exit strategy is needed when the bitcoin price is in free fall, but now what we see is that the bitcoin price has not fallen so much, the market movement from the previous year is not so low, it's just that the correction has not fully recovered, so many people panic about this condition, a strategy is needed in investment, so the main thing that must be considered so that the investment we make does not fail miserably.

I think, if someone is thinking long term then the exit strategy in the midst of the current bitcoin price correction situation is not a wise choice. I still believe that Bitcoin price movements are still bullish this year along with the increase in investor interest. Therefore, I predict bitcoin is consolidating for a more bullish move forward.

If the price of bitcoin has not fallen that much, is it effective for an exit strategy option to cut losses if it is indicated that the market will fall even more deeply in the following month, the fact is that volatile markets cannot be predicted precisely so the decision is based on individual considerations.

In my opinion, the effectiveness of the exit when the bitcoin price drops is to wait, if the previous bitcoin purchase was above the current price, because even if we are forced to sell it, we will automatically lose money, but it is different from buying below the current price, which I understand the effectiveness of the exit is like That's it, but actually we don't need to worry about bitcoin, because in the long term bitcoin will definitely be more valuable, especially in current conditions it is quite difficult to make accurate predictions.

If they think about the long term, they will still hold in this correction and will buy more as the price is at a discount. But they still need to know when they should exit from the market because if they just hold their bitcoin without knowing when they need to sell, that will not give them profit. The exit strategy will help you know when you can leave the market in a profit situation to repeat the process and make another profit. Bitcoin still searches for a good time to increase and that means we will see the price fluctuating like now.

I believe that if you really want to have a proper exit strategy, you should also have a strategy for what you want to do after you exit as well. Just saying "I will sell all of my coins when they go 2x" is not enough, you need to also know how you will use that money after that as well. I personally kept saying the same thing for years, I want to invest into some passive income thing. That way I would be able to earn while it goes up. Like Uni or cake, those are my ideal stuff for the time being but something else would work as well.

ETH when ETH 2.0 comes looks proper, it is around 5-6% range yearly, and that is not bad, considering ETH could also go up itself, I feel like that is one of the best investments when it starts, it kind of started already but not officially at 2.0 yet so I am waiting on it to fully start before I switch over there.

as ive been here long enough, it is true that somehow, you need to think of when to exit that will at least give you better return of what you invested. i've learned it first during the height of eth tokens, when they were launched like one after another. as we have seen a lot of them became worthless tokens. remember etherdelta, the first dex that gained popularity when it comes to eth tokens trading? for sure, a lot here are still holding worthless tokens in their MEW or any eth wallet.
so what am trying to convey here - whether eth token or coin or now, nft token, you should at least laid out your plans. when do you think is the best time for you to sell and let go of your holdings?

This wont be applicable for those who are holding for long term but we know that there are people whom do much prefer on exiting as early as possible as long they could see greens or gains into their investment
then pulling it off would be the best thing to be done.

Short term trades or investment does indeed need that kind of specific strategy even though it wont be that simple but it could be possibly done and if you do know on how to deal off with risk
then its your choice to make.

Always set up goals and exits if you do prefer short term profitability.

How do we know that investors' interest is increasing? It is something a bit difficult to know, not sure how we determine the increase of investors' interest. Anyway, even we don't know about investors' interests, we know that crypto investment is getting popular in our society. Nowadays, more mass media or social media delivered crypto news, so people can easily get information about crypto. However, it cannot be a definite sign that there will be another bullish trend in Bitcoin. We must consider another factor, it is about the historical Bullrun along with previous halvings. According to this factor, Bitcoin experienced a bullish phase after a year of BTC halving. Now, it is no longer 1 year after the latest  BTC halving, we are already in 2022. So, it is normal if many people have planned to do cutloss or exit their investment since there is a chance of more decline in BTC price.

This strategy will always applicable to those person who's experience to do short term trades since most of them can handle the market stress. And for people who's new and always believe on hype that their token will pump again this will be hard for them knowing that most of those guys hope to earn more when their holdings pumping up and hope again to recover once they see their tokens are dumping badly.

Sometimes it makes us satisfied with what we get in crypto and we aren't looking for more profit.  If you have sold your Bitcoin with a profit, that's fine with me.  But it would be better if you can able to hold it for a longer time which is possible there will be more profit to come.  Exit strategy doesn't mean a lot of profit and I think there's no reason to be a greedy person.

IMO, an exit strategy will applicable if I didn't badly need a fund because the more you hold the more profit that you will get but there's no exact time frame if when it is.  So just be contented with what you have.

That is something that needs to be learned and can not be done in the short term, especially if we do not have enough experience with the crypto market. I do not have much experience on EtherDelta but I do not like to trade on that exchange since the gas is too high for me compared to the other exchanges.

Yes, some of my friends are still holding the tokens from a long time ago, while most projects have already gone without any update. We will meet many more tokens using many bases, not just eth, bnb, Matic, or else bases because crypto can evolve more than now and we might see new things in the future.

I think that's what it really is, a back up plan. You don't immediately go for an exit when you're starting things right? So that means that if you have a baseline or have established enough funds before you can start trying to formulate an exit strategy. In my opinion, there should be a lot of levels in someone's exit strategy because you really can't afford going out in one fell swoop if you plan to go back.

An exit strategy would be great for those who don't really believe in bitcoin's long-term potential or for those who are targeting short-term gains. Mid-term traders and investors may think of a way out once they hit their targets, but anyone aiming for something greater than a 100% over return on their investment should be willing to be patient in the long term.

Bitcoin really has great potential in the long term, but neither of us can prevent you from exiting when you want to secure profits to fiat or you stop at a certain phase before entering to invest in the next period. This depends on what your investment goals are but I believe that early adopters may still be able to survive the volatility to this day.

I think it is even worse than what you describe, if someone bought a coin and was expecting a miracle at least they will know their expectations are out of place and that such results would be odd for someone with their level of skill and knowledge, however that is not what we see, most of the time those that come to the market with no strategy invest in a coin and expect great profits as if it is just a given that they will get those results and then claim the whole market is a scam when this does not happen, not understanding there was never a good chance to achieve their objectives.

Deeper balance can give you better chances to form a very good exit strategy, there are many traders who managed to established their financial profits coming from this business, though there are only few who can really make that the other side are those who keep on losing since they can't adjust when the market turned against them.

You have to make sure that you are willing to take that big risk and capable of handling any adjustment that you needed to

face while you are still inside this market.

People who expect something unusual to happen are usually the people who end up not really doing the "I sold because I got scared" thing neither. I mean they were expecting the unexpected so it is normal for them to feel a bit more calm whenever things do not go their way. That was their plan all along, they imagined that it would be a bad investment most probably, but there was a small chance that they could make a really big amount if they are super lucky.

Some people do end up on having that gambler like mind on which they do really presume out things that it would happen, theyre prepare to lose their investment and this is where some people do
differs when it comes to risk taking even though its not recommendable or suggested since this isnt gambling but there would be that particular risks.Aways set out
exit strategy specially when you are already gaining and dont tend to be stubborn on looking for more pumps because this is something talks about being greedy.

Veterans exit strat is never to put it briefly.   The obvious point being if you sell too much you wont be a veteran or long term holder, BTC generally puts in a low when people least expect it.    Trying to trade the highs and lows sounds perfect in theory but actually doing so without being caught out is pretty much a job requiring daily attention.
  Otherwise attempting to adjust allocation is fairer but I think quite a few never alter to not hold anything at all, I'd say personally I just hold the majority and only trade the edges as that seems best considering all the long term gains despite very rough seas BTC keeps proceeding forward anyway.

Of course, it is not wise to exit during a bear market, just think about it, you have your chance at $69k and you didn't do it, so why sell it as $40k'ish? it doesn't make sense.

The best strategy is to just hold for long term again, let this bear cycle settled down, it might take 2-3 years though, but if you are really for the long haul here then 2-3 years waiting is nothing. And for sure it will really be rewarding in the future.

Nobody can perfected that, the way the market move, we always caught on our decision during the bear market, we always waiting for the right time to buy which is the floor but we have no way of knowing when really is the floor price and during the bull trend we are caught on what is the right time to sell, it's good to have an exit strategy but finding the right price to exit or even enter is big a puzzle.

Almost everyone know that they have to exit one day but only few have the valid exit strategy. The exit strategy targets should not be so much stretched that they are difficult to achieve . You should set a realistic profit goal and adhere to it. Also you need to have a backup plan in case there is an unexpected dump due to any news etc. Stop Losses should be carefully used as market tends to hunt for stoplosses before going up.

Perhaps, it was a part of the game plan and we have to use that if necessary.
That is how important to know what we are doing. It is not just because we have the knowledge in trading we are already confident that everything went so well, it is sometimes we got caught in our wrong decisions which result in losses. We never know when is the perfect time to buy and sell but somehow we tried our best to speculate the market and sometimes ask for luck.

In this case we know that setting an initial target and sticking to what we want to achieve will make us completely psychologically safe when market fluctuations occur. Stop loss may be good but sometimes it is a bad start when demand increases after a quick correction.

Each of us has our own strategies and targets that we want to achieve in trading, so maybe whatever we say will not be useful to others because psychologically and mentally we will never be the same.

This is basically how I deal with my future. I mean if I have a strategy and know what I want out of bitcoin then I am going to just keep on doing what I am doing and will be fine. However if I end up going out of my way then I am going to just lose too much money as well.

My idea is that if you have a goal and you do not get out of your path then you should be making a lot of money from it, but if others convince you to sway you out of your path then you will always end up failing because you are on a road you do not know. Think of it as a road, if you used that road before many times then you should be fine, but if you see that road have a lot of traffic, then you may want to try another road and that is how you get lost. Do not get lost, just go with the road you know very well and that is how you should be making a lot of profit in the long run.

I still think we are overestimating those people, in my opinion newbies with that kind of attitude do not even think about the possibility of losing, they are so convinced that they will make money that they disregard any other scenario, then when the market finally begins to go down they are completely unprepared for it and that is when they panic, after all it is not as if they are electing to invest in a solid coin like bitcoin, those people select new coins that can disappear overnight and they know it, which leads them to sell their coins in panic.

Can't say nothing but to agree, there are more people who invested with new coins that promise a lot, they've been allure or being invited by other people to join, without proper understanding they are not prepared to what possible things that may happen along the way,  and when the value of their assets fall so hard, the only thing in their mind is to sell and avoid losing everything, that kind of fears always lead every investors not only newbies but other people around who are not prepared with these types of environment.

that's why basic knowledge of crypto, trading and market is very necessary, People can't invest immediately if there is no understanding, because there will be many problems that will arise in the future, then trying to blame all markets is a fraud because of the losses they get, things like this should be a concern especially for beginners before starting to invest.

Which is why it is important to do our homework before we begin to trade, trading for real is not a game it is a serious activity that requires to prepare ourselves, if this is true for doctors, lawyers and engineers why people think this is not necessary to become a trader? In my opinion at least six months are needed to be proficient enough as a trader to not lose everything when you trade the market, and yet most people just read a few articles on the Internet and decide to trade, which explains why they panic sell at the first opportunity they get.

Some people do trade like a game. It should be avoided, proper game should be played with an analysis.Some people invest like a gambling and loss their money. Mainly to the new coin without any analysis is not a good one. Investigation is the important one and it should done on all the investment. Even if you are going to inverse for the 10$, it's essential one. No one give you 10$ as a free gift right. And you are earning it and not begging it.

Dealing with it on first tries then its inevitable that you wouldnt really commit out mistakes on which you do really need to learn from those if you are really serious on dealing with trading.Yes this isnt a game on which you could confidently make out actions without even thinking because on the time where reality faces you on then you would realize that it isnt really that simple or easy on dealing with it.Exit while you can or does have the opportunity to do so but if you do see that it does have potential then its your choice to make whether you do hold or secure profits.

It's a choice to which it's only you who can decide, a lot of traders who mistakenly commit failures from time to time due to lack of early plans, it's not on your grasp as always but with good set up plans before you join and start investing will allow you not to worry if something strange happened as long as you still holding or you have your set target before doing or engaging to any decision making that you will do.

Keep tracking the market and make sure that you are fully guided by any patterns that you are following.

This will allow you to buy some time before you make your next step..

They are investing like gambling because trading is indeed gambling , you are risking your funds in speculative style in which gambling is also at same point.
do you know what numbers will hit the jackpot in roulette? same us in trading if you know what coins will pump and who will dump.
but keep in mind that the more you risk is the more opportunity to gain.

in every investment platform you must have an exit strategy because the world has 2 sides , the growth and the fall so yes best to put your strategy in right places as this will save your asses when the situation turns blue,
specially if you are not willing to keep Holding till market recovered .
I learn my lesson from the past so i have my own exit point .

I'm not the exit strategi
in investing we really have to do that when the price goes up we sell it and that's where we get the profit.

I think we all understand that mistakes are inevitable as I have made my fair share of mistakes as well, however it seems that newbies do not understand the concept of learning from the mistakes of others, if you can do so and minimize your own mistakes this way then not only you will learn faster but the price you will have to pay to learn those lessons will be lower as well, and as we know this is really important, as the more money you lose the more difficult it is to recover it, and yet something as simple as this is not appreciated at all by the newbies that want to trade the market of cryptocurrencies.

of course that is the target here. We invest because we want a profit so we must sell after having the opportunity. We can call that as an exit strategy, it is important to have this kind of strategy especially if your investing on meme coins or those coins that are full of hype because their gains are only temporary and once you missed it, there will be no more for you.

We must follow what @LogitechMouse is doing. He only invest on top coins, coin like eth and btc and exit strategy for these coins is not really necessary because even if you missed their pump, you still have the chance to catch it next time. You only need to wait.

That's right as you said when the bear market comes, it's best if we hold back don't let go.
I myself am still holding back that I haven't sold it yet because I was too late to make a decision.
I think last month's decline was a temporary decline as usual so I didn't sell and hold it.
Because I'm also sure that the price will also go up again even though I have to be patient for the next 1 or 2 years.

Hahaha, but I believe OP is following the wrong back up plan. In fact, he is following the WRONG PLAN. What he’s doing is selling his Bitcoins back to the market, back to the billionaires who will HODL them, so he can earn more fiat? He should constantly be saving, and bought the DIP during the day he made this topic. DIPs are opportunties.

absolutely right, it seems he made a wrong prediction, so he made a decision that made the sale wasted, the plan did not go according to his wishes and was too forced in my opinion. In fact, if viewed from the perspective of opportunities, this decision must be taken when bitcoin is almost strengthening, but the current situation is the opposite, there is no guarantee for the market to strengthen bitcoin.

Well, perhaps it does and most the holders will think that selling is the only way to save their money from losing it entirely.
No, nothing had made the assurance in the crypto investment and due to its volatility, the majority of our predictions went wrong. But then, we can't be hopeless of what we saw in the market today as this can be changed in the coming days, only we need to do is to have patience and stay calm.

do you make decisions that are always right? Every investor or trader has a different strategy, even if hold when the market is falling like this is the wrong decision. every decision we take has the potential to be wrong because market conditions are difficult to predict.
Buying when the price has strengthened is reasonable but it does not rule out the possibility that it will be a bull trap and damage the strategy we have prepared and we must set up a new strategy to minimize losses or even turn losses into profits.

OK, zoom out, and what would you do if something that priced at $60,000 is not prices at @ a -50% discount, with the opportunity that it might give the buyer more discounts until 2023.

Those people during 2021 who wished they could go back to 2019/2020 to buy the DIP will be given a Golden Opportunity. Will you take it?

You're right and if that strategy seems to be wrong for you, to me, it's not.

And if you've done wrong decisions in the past, that's going to be your standard and foundation that you're not going to do the same mistake that you did in the past. As for me, I did wrong decision in the past for selling my bitcoins and now I regret it. But, it's not too late to hold and accumulate again.

Always anticipate those situations and as long as it won't matter to you and you're good at buying it without regret, that's the most important matter whenever you buy.

If you are only investing without any concrete plan? then better to stay away in crypto and best to invest in banks because this market volatility will surely your enemy and your nightmare.

Exit plan is one of the best and safest if you are not into long term Holding because prices are changing each time.

but if you are in HODL strategy then forget about that exit strategy and only focus in buying position.

Buy Low Sell high that is your weapon in best investment.

As I said before, we have to wait for this condition to return to the green line, what's the benefit of selling in a correction condition, because it is impossible for the market to continue in a correction phase like now, that's the opportunity we should take advantage of, because 2019/2020 we have Seeing what kind of development it is, I think it is to secure what we have, rather than take the risks that will be incurred.

Only if the market movements were the same as before, I do not think predicting will be that hard but it changed now because right now there are now lots manipulators that have joined the game and this slowly breaks the system. This is why it is very important to have a multiple strategy aside from the strategy that you are doing now just in case things wont fall as planned.

More important is we should respect the decision of others because they made a good amount of effort just to came up with that plan. If you respect them they will also the do same. Remember that we are all in this together but our main enemy here are only the manipulators.

I think for long-term investors the exit strategy is not a wise choice when the bitcoin price correction is taking place as it is today. If you believe in bitcoin fundamentals over the long term, a bitcoin correction as it is today is normal and healthy. Instead of complaining that the bitcoin price correction is very deep, you can actually use it to buy at a low price.

Going away from dip by exiting isn't a bad strategy to cut off from lose because you don't know how far it can dip. So staying outside is another trading pattern that can allow you buy and start up afresh when the correction is done. That type of pattern will guarantee profit taken from top and profit sweeping from below.

that's also with all risks, if you don't want to be patient of course it's a good choice to go out and choose another coin but sooner or later Bitcoin will recover like what happened in the past, by deciding to go out and choose another there is also no guarantee of getting a profit .
I prefer to keep buying for a while while the price is going down and waiting for the bull market to come again in the future, sooner or later it will come. I really believe that.

In the long term, staying away from trading when the crypto market is down, and choosing an exit strategy is wrong. because bearish situations are often the best time to increase your portfolio and hold your Bitcoins before returning to the uptrend of the next market cycle.

It is always our obligation to have an exit strategy actually this is something every place should have , because exit is the weapon we can have to keep safe our funds or lives.
so Yes I have exit strategy in all my investments , even in my stocks and in my real life business, i know when to continue and when to stop .
at least you understand this post yow?  why you will get out when there is a dumping not unless you are holding shit coins .

Most of the time, Long-term investors keeps adding their assets when corrections take place, they are more on taking opportunities and not to let their chances of being passed-away, though there are also experienced trader who wisely do the short-term strategy, they cut their losses and re-try to buy back.

Not advisable for newcomer, panic mostly conquer they've minds when fear starts shaking them.

Ain't ready or don't have solid confidence with how they can take advantage with how the market will give them the benefits.

Investors who use the long term as an investment strategy, usually have large capital, they are more likely to see correction conditions as the right step to make a purchase, in terms of their finances being prepared in any condition, in contrast to investors who adopt short term as an investment step. Usually, people like this don't want to be involved in risk, so they will decide to invest if things get worse.

Moreover, the condition of newcomers who do not have experience in carrying out investments, if panic cannot be controlled, then they will definitely take the wrong steps, as a result of which loss is something that will definitely happen, therefore, be careful in managing investments, both newcomers new or old.

If the goal is in the short term, a trading strategy like yours can be used to make a profit by buying when the price drops and selling when the price rises slightly from the initial capital issued. but I prefer in the long run by buying when the price is low and holding it then selling only when the price goes up 2x.

It is an emotional battle when someone gets on the plan of having an exit in the market. We're now seeing debts of countries are increasing, inflation rates are also overwhelming. While those no coiners are looking for a way to invest into an asset that will make them recover from that. Some investors who are already in the crypto market thinking of their exit. Well, it's understandable and nothing last forever. But to think of it, and you're already setting your feet off the market. It's a decision that you may regret in the future. We're seeing a lot of changes in the market and being in here is already an advantage.

Having an exit strategy is important for sure.  Whenever everyone goes running for the exits it's best to already have your spot secured.  However, it can also be dangerous to be able to exit positions easily and quickly, as emotions can send you towards doing the worst thing possible and the wrong time.  Personally, I think exiting positions can be done slowly over a long period of time with proper diversification management and then there's no need to kick yourself for not selling a day later or earlier.  Many a fortunes have been lost trying to claw out that extra 1% while I'm sure few were built that way.  Just be smart.  Know your tolerance, and if you're having trouble sleeping because of an investment, it isn't worth it. 

Depends on someones preference because trader could neither go for long term or short term but we couldnt avoid the fact that you could easily get 2x in short time if you do make out short trades.
The thing here is that it would really be hard and nothing simple thats why we do really commit out mistakes which is normal to take thats why it would really be depending on your own
preference and since not all would be having the same skills and knowledge thats why profitability will really vary on how someone would really engage out thats why
outcomes would be totally different.

The deeper you understand the market, the better chances of surviving and succeeding you may gain, either long or short

trading participation you'll be into. The matter here is on how will you adapt and adjust to each situation that you will be

facing inside the market. It's true that you can earn double from your initial investment using short-term trade, but it's also

true that you can lose everything in a short span of time if you mistakenly invest. Exit plan is very important. It's your drive way

to avoid losing a huge amount of money when the market is not favoring your chosen asset.

panicking isn't part of exit strategy mate instead that is a stupid strategy if they think this as one , We knew that exiting must be on target and not just something you will act when the market starts to drop without any knowledge why.

So yes Exit strategy is best for everyone and panicking is not a real act, those people i knew about being panicked mostly losses everything .

But coin and put how much is your target profit and put how much is the losses you can take.