What's your exit strategy?

[elux]

Everyone and their mother is buying Bitcoin again. Price is going up and up. No one wants to sell before the rocket runs out of fuel.

http://bitcoincharts.com/charts/mtgoxUSD#rg90zigWeeklyztgSzbgBzi1gRSI

What's your short / midterm exit strategy? Do you have one, or are you are looking for one? (Sell at $10 000 doesn't count.)

Buying into the bubble and selling into the crash doesn't seem like the best possible idea, so I'm shopping for alternatives.  

[SaintFlow]

Exit strategy is someone prying them from my cold dead hands

your welcome

[Piper67]

What exit strategy?

[bigbox]

My exit strategy for government backed currency is to buy Bitcoins.

My exit strategy for Bitcoins is to buy goods and services that I need, when I need them.

[waspoza]

Its my retire fund.

[ruski]

I would be swing trading - but there aren't any goddamn swings to trade! Just up and more up!

That said, I'm waiting for/expecting a large blink-and-you'd-miss-it spike at some point relatively soon. For that reason I have a few large fixed sell orders sitting between $20 and $40 that I'll probably take down if the growth is solid. Does that make me a false waller? Maybe, but it's not there for manipulation like a lot seem to be. Just to catch a spike.

Other than that, no, I don't. I bought in at $8, and redoubled at $9, mid-$11 and mid-$12. Watching and waiting and may keep buying.

[Vandroiy]

• Set limit order
• Click sell
• Send more coins from standby
• Repeat

My sentiment is now bearish and my strategy is "hit the sell button on a regular basis".

[SkRRJyTC]

My strategy is to take profit in the form of Gold and Silver.

[fcmatt]

as a miner constantly averaging out. why bother speculate? just sell into the market and enjoy the
stress free ride of constantly rising prices. this bubble will burst just like that last one.

[elux]

My strategy is to take profit in the form of Gold and Silver.

Coinabul? Interesting idea.

[aq]

My strategy is to take profit in the form of Gold and Silver.

Coinabul? Interesting idea.

But that opens the question, what is your exit strategy on Gold and Silver? Bitcoins?

[SkRRJyTC]

My strategy is to take profit in the form of Gold and Silver.

Coinabul? Interesting idea.

But that opens the question, what is your exit strategy on Gold and Silver? Bitcoins?

Yup, I would recommend Coinabul.

The thing about Gold and Silver is a dont need to have an exit plan figured out for them yet.  I am much more comfortable with the idea of holding gold for 30 years than I am with holding BTC for 30 years, at this point.

If BTC continues growing my long term sentiment could change in a few years, but its what feels safe now. (PS I have plenty of BTC that I will never sell or trade for Gold... hoping to buy a house with these, or something similar.)

[Elwar]

My exit strategy is moving all of my BTC from my MtGox account to an off site wallet.


I know that once the pirate thing hits there will likely be a drop in price but in the long term it will rise.

I wish I had more money sooner to put into BTC. I had no money when it was $2/BTC. I still have no money to put in at $14/BTC. I hope the price is not too high when I do have money.

[kibblesnbits]

My strategy is to take profit in the form of Gold and Silver.

Coinabul? Interesting idea.

But that opens the question, what is your exit strategy on Gold and Silver? Bitcoins?

Yup, I would recommend Coinabul.

The thing about Gold and Silver is a dont need to have an exit plan figured out for them yet.  I am much more comfortable with the idea of holding gold for 30 years than I am with holding BTC for 30 years, at this point.

If BTC continues growing my long term sentiment could change in a few years, but its what feels safe now. (PS I have plenty of BTC that I will never sell or trade for Gold... hoping to buy a house with these, or something similar.)

+1 for the Coinabul.  I don't like keeping all my eggs in one basket with BTC, so when silvers low and BTC is high, I'll buy a few coins.  I'm not a heavy enough player to start a retirement plan with BTC, but in five or ten years who knows?

[Beta-coiner1]

My strategy is to take profit in the form of Gold and Silver.

Ah,I see we think alike.

[DarkEmi]

I ll exit when the ****** from bitcoinica / intersango will give me back my bitcoins

[fcmatt]

People are really buying gold and silver at bitcoin websites with their outrageous premiums?
I see a price of 20 dollars higher for a 1/4 ounce canadian maple right now at coinabul compared
to apmex.

Typical bitcoin website. Just charge more then the fiat websites and be a middleman.
The buy prices on coinabul is hilarious.

[SaintFlow]

Lol, +1 There where a lot of euro trades this morning, I think this IS the exit strategy... from fiat.

You are spot on! I for one have drastically reduced my euro exposure.
Do not get me wrong. I like it here in the European country club and American country club is kind of Ok, too.
But Bitcoin is what really makes me feel like a citizen of the planet.

[waspoza]

Exit strategy is someone prying them from my cold dead hands

your welcome

Lol, +1 There where a lot of euro trades this morning, I think this IS the exit strategy... from fiat.

+1 well said.

[piramida]

my exit strategy - sell 20% at every 50% increment. sold first 20% at 15, next order sits around 22... then 33... yes, it's a bit conservative, will be out of bitcoins at 65 and will just wait for the temporary craze to die down to buy back in. at $10.