Please share your EXIT strategy...

[Absentis]

I am new and jumped all in...what I lack is exit strategy.

Not a full EXIT but to secure some of your "gains" to real earnings.  OR...where/how to convert to cash when you expect a major dive so you can re-purchase when it is low.

Anyone have good tips when and how you do it?

The win win strategy is Just invest the amount only what you think you can afford to lost. If you lost this investment then it will not hurt you because you already declared that amount lost is nothing but if it will sucess then you will earn suprisingly unexpectedly in that would be great.

[sujonali1819]

I am new and jumped all in...what I lack is exit strategy.

Not a full EXIT but to secure some of your "gains" to real earnings.  OR...where/how to convert to cash when you expect a major dive so you can re-purchase when it is low.

Anyone have good tips when and how you do it?

i am trying to buy a long term coin then if i will in profit then i sell it in profit . And then i do wait for  another deep when i can find a deep try to buy more coin and hold for long term.when i see btc goes down persistently i convert my btc to usdt.Again buy btc when it goes more deep
 

[Sungoku]

I am new and jumped all in...what I lack is exit strategy.

Not a full EXIT but to secure some of your "gains" to real earnings.  OR...where/how to convert to cash when you expect a major dive so you can re-purchase when it is low.

Anyone have good tips when and how you do it?

i am trying to buy a long term coin then if i will in profit then i sell it in profit . And then i do wait for  another deep when i can find a deep try to buy more coin and hold for long term.when i see btc goes down persistently i convert my btc to usdt.Again buy btc when it goes more deep
 

if trying like that, maybe it is very useful to take advantage on the sidelines of loss,
but if you do not have such a trading technique would be a loss

[michellee]

So to clarify....

1. I am not talking about exit from trading.  Just to secure gains when goal for a coin is reached.  It is hard since you always think maybe it will go higher then BAM!  All the gains are gone.   Anyone experienced that?   

2. Taking refuge when I believe a major dive going to happen (like now).  Keeping the alts converted to BTC is not as great since BTC also takes a dive.  Sure it will rebound but there is a major opportunity lost in there that need to be exploited.  I think selling BTC at GDAX is the best option for me...then re-purchase before the rebound.

Converting to USDT/Tether is not a good idea IMHO, since you lose out a lot (more than most think) by "parking" your money there.  I'd rather park it in real dollars than USDT.

1. i am experienced with this. and from this, i always take profit first after I see that I can make at least 20% from the coins. for example :

I am buying dgb at 0.00000125 satoshi price for 10,000 dgb = 0.0125 btc. then suddenly the price is increase at 0.00000175 satoshi and if I sell 10,000 dgb, I can make profit 0.0175 btc. but I only sell 0.00000170 for 7,500 dgb = 0.01275 btc. in this example, I can gets base balance which is 0.0125 btc + 0.00025 btc for profit. I still have 2,500 dgb and I keep this for another increasing.

2. I think if we parking our money in usdt/tether is good too because we can buy btc or altcoin in the same time. for example :

we sell 0.01 btc at $3500 = 34.91250000 usdt. and if the price is suddenly down in $3250 and we buy at $3250 with 34.91250000 usdt so we can have 0.01071545 btc. we can get more btc which is 0.00071545 btc.

I hope you can learn from this. I always take profit first to get my base purchase again plus i am taking little profit from the selling.

[Omega Weapon]

In a perfect world you have already spread your bags out. However, the reality is that 12% in the stock market is killing it. My goal has always been 20%, and hang onto about 10% of your bag in case it gets an insane pump, as long as you come out ahead, you can roll it into another opportunity

That is what everyone is thinking, you could invest in several cryptos and make money that way but no one wants to make small earnings we all want to get big earnings and see if we are able to hit the jackpot and buy one of those coins that skyrocket, that is a long shot but one that many people are looking for because your life can change almost immediately if you select the right coin.

[pedrog]

There is no exit, only lambos.

Sometimes I use bitcoin to buy altcoins just so I can get more bitcoin when they pump.

[lakimens]

I plan on holding almost everything until BTC is a decently major accepted currency. I can buy a lot of things with it already. To me I do not care about the daily swings between $4,000 and $4,600, I am in for the $10,000 -> $50,000 mark.

This is money I do not really need and treat it as investments and intend to keep on growing it.. technically this is my exit strategy from USD!

Hate to say it, but I don't think BTC will ever reach the acceptance you seek. Some other coin maybe. BTC has too high fees and is too slow.
POS would be better for this. Verge maybe?Stellar?Ripple?

[CryptosapienZA]

Personally I am not vested in many coins. I invest in coins that I think have future value. So before I invest, I look at its possible potential long term. My longterm is 5years minimum. I don't plan to exit until I have made the money I want to make. I have been considering to invest in coins just for their potential to profit, in that case my exit strategy will need to be devised.. I guess my answer is, I don't have one :-)

[Oceat]

Personally I am not vested in many coins. I invest in coins that I think have future value. So before I invest, I look at its possible potential long term. My longterm is 5years minimum. I don't plan to exit until I have made the money I want to make. I have been considering to invest in coins just for their potential to profit, in that case my exit strategy will need to be devised.. I guess my answer is, I don't have one :-)

Have you ever had a coins that is being dumped because its already being dump? 5 years is too long for a long term to me, i'll consider 5 years if this is bitcoin but for altcoins it should not be that long. My minimum for a long term investment is 6 months and that's all either if the price is rising i will immediately sell it. If you want to make an exit strategy, you must first set a limits to every coins you have had invested.

[yura888]

I think that bitcoin is not expensive yet and it is not very reasonable now to wait for a serious fall. Although perhaps I'm wrong.

[ludbega]

Well for me Exit's strategy is clear:

Wait for 10 years trying as much as possible to get the most Bitcoin and Ether, as well as two three small alts that I like a lot.
The evolution of the volume is colossal, and is not finished, why deprive itself? : D

[BitcoinPanther]

It would be best if you will try your exit strategy little by little in every success trades that you made.  It can be done by saving part of the profit while rolling the remaining to trade again.  You will be surprised that you already accumulated your investment and yet you still trading a huge chunk of coins.  Once you got your capital, it is up to you if you want to continue gaining profit or fully exit by selling them in a strategic way to maximize your profit.

[wpalczynski]

I personally don't plan on exiting before at least a couple years. Crypto is only beginning and it's got much brighter days coming imo

[oreits11]

sometimes that investor to work as appealing also the returns from different manage as occupying the use of several customs of strategics as displacing unit of allocation to goes as best within the terms to calls of one with the finest on returns with the value of the exhibition.
that the one should failed of times to times as resigning with the new ones as following excess to work on redemption as recovering plan.

[chutchmcgillicutty]

I'm hodling forever. I'll take out loans out to pay off bills and make major purchases using crypto as collateral (see SALT / Meridian / etc..), but not ever planning to sell

[groko271]

I am new and jumped all in...what I lack is exit strategy.

Not a full EXIT but to secure some of your "gains" to real earnings.  OR...where/how to convert to cash when you expect a major dive so you can re-purchase when it is low.

Anyone have good tips when and how you do it?

I mined bitcoin then litecoin early on. So a huge stake of my coins were not bought, in saying that my exit strategy is a slow one. Every time a coin doubles in value I sell 10% of may bag. Ive been doing that since btc was a few hundred $ and litecoin was $5.

Regarding the alts Ive bought, I sell 50% when my the price doubles and hodl the remainder for years there after.

cheers
groko

[evergrow]

I don't really have any exit strategy. I've been mainly focused on strategies to accumulate more BTC and other good coins

[solarrobot]

Not necessarily an exit strat, but there are stable coins, like SBD (steem dollars) that are pegged currencies.  This is a good way to lock in gains, if you assume there will be a correction. Stable coins have been talked about for many years, but still not many options. I'm really excited for more stable coins in the future. 

[Omega Weapon]

I am new and jumped all in...what I lack is exit strategy.

Not a full EXIT but to secure some of your "gains" to real earnings.  OR...where/how to convert to cash when you expect a major dive so you can re-purchase when it is low.

Anyone have good tips when and how you do it?

The win win strategy is Just invest the amount only what you think you can afford to lost. If you lost this investment then it will not hurt you because you already declared that amount lost is nothing but if it will sucess then you will earn suprisingly unexpectedly in that would be great.

That is only true for gambling since you know that is an activity that is not going to give you profits, no one in the history of investment has invested money thinking they are going to lose, they all think they have made their due diligence and are sure the crypto they choose to invest their money is going to be a winner, besides investing only what you can afford to lose is not going to be enough if you have plans like having a comfortable retirement.

[hous26]

My exit strategy is that I don't have an exit strategy.  I'm waiting for mass adoption of crypto and then I'll just spend it as I would my fiat!  Just kidding, I'm bullish on crypto but im very risk adverse.  Accordingly, Im not all in on crypto, it's maybe 3% of my assets.  If it ever gets to 25% I will rebalance my portfolio by selling some and buying some mutual funds.