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Author Topic: Please share your EXIT strategy...  (Read 2537 times)
ethereumhunter
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September 25, 2017, 02:32:38 AM
 #61

actually i am not calling this exit strategy because once i selling my coins, i am not selling all amount but i am only selling half or quarter to gets my base money back and take a little profit. i keep the rest of the coins for another highest increase and i can wait for a long time. its good to trade like this because we still have the coins in our wallet while we can do daily trade if in that day we can make profit too.

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Agozyen
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September 25, 2017, 02:38:58 AM
 #62

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've kept my assets 100% crypto for the most part.  I have been wary of linking bank accounts and paypal to anything I do that is Crypto-related.  To that end I have just switched back and forth from CoinX to BTC when needed.  This is changing though because staking coins are going to be a large part of the future of Crypto and I am accumulating good staking coins and at some point  I will redirect the stakes into BTC or some other coin. 
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September 25, 2017, 02:42:37 AM
 #63

Initiating a trade without a clear exit strategy is a recipe for disaster. Determine beforehand the price at which you’ll cut your losses if the market moves contrary to expectations. This level is known as a stop-loss and it’s critical to market survival. Limit your losses below 25% of your position size. A stop-loss is wisely placed on the other side of a level at which price has reversed previously, the more times the better.

The converse of a stop loss is the profit target; the level(s) at which profit is taken when price behaves as expected. Profit targets are best-placed slightly before previously significant levels. If price exceeds your expectations by penetrating significant previous levels and maintaining a strong trend thereafter, consider substituting your target(s) for a trailing stop ; this acts as a ratchet on your profits.
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September 25, 2017, 09:02:54 AM
 #64

My Exit Strategy is some different within a all of the person but some of the most person is use it . When my Bitcoin target is fillap then i sold some bitcoin if i lose i don't sold my btc . I sold my all bitcoin via local btc. Local btc is one of the best selling and buying site of btc.
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September 25, 2017, 09:27:21 AM
 #65

I'd sell mine as soon as it's half is equivalent to a good house. The problem is to define what "good house" is Smiley

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September 25, 2017, 09:56:07 AM
 #66

Maybe take out 15 or 20% out from the portfoilio everytime you reach an assigned mark. I take out 2000USD everytime I make 10,000 USD. Time is not of essence for this. By 2020 I might take out 50% of whatever I will have from crypto.

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September 25, 2017, 10:51:05 AM
 #67

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?

Well i don't entirely "exit" all my coins since i've known to keep some in exchanges. Well btc that is. Usually i wait for profit to go to 5-10% and then i observe. That 5-10% profit would be a gauge ifbi'm going to sell some or not

 
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September 29, 2017, 02:20:55 AM
 #68

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?
This is precisely why the devs have been pushing an end to the scaling debate and were convinced that their solution to the scaling issue is the best, we still have not seen the end of it but once the lightning network activates we are going to see the fees to go down and bitcoin will be able to manage millions of transactions, once bitcoin can do that it is game over and no other crypto will be able to replace bitcoin.
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September 29, 2017, 06:14:24 AM
 #69

Just have to set some stages to take some profit.  Set a percentage. for every 10% increase, sell 3% of your holdings.  If you keep it at a low percentage, you will always hold a significant chunk even if the price goes way up.

If you want to spend some more energy, you can do a little bit of long term trading this way. Split the takings into profit and then a "short/re-invest" pool.  When the price goes down put some of that money back into the same project  or if you find a new project you want to invest in, put it in that (but save it for an overall bear market).

this way your exit strategy is built in, automatic, you don't have to wonder if you are doing the right thing.
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September 29, 2017, 06:29:16 AM
 #70

My strategy is simple I don’t withdraw bitcoin using exchanges unless I am having urgency of money otherwise I will invest in the coin following from the long time when it is dumped very badly . Because long time holding coin will give approximate chances of rise.
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October 03, 2017, 03:01:56 AM
 #71

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've kept my assets 100% crypto for the most part.  I have been wary of linking bank accounts and paypal to anything I do that is Crypto-related.  To that end I have just switched back and forth from CoinX to BTC when needed.  This is changing though because staking coins are going to be a large part of the future of Crypto and I am accumulating good staking coins and at some point  I will redirect the stakes into BTC or some other coin. 
Correct, unless I was a early investor and had thousands of coins I will not be planning my exist strategy at this time, since I still do not have a lot of bitcoin I’m in my hoarder stage, where every single satoshi is being saved for the future, once I get enough I may spend a little but I’m only going to sell once I got enough bitcoin to change my life.
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October 03, 2017, 04:23:21 AM
 #72

Thanks all.

I read many different sides and learned lots.  I appreciate the input.

Now, I hope I can put these to good (and actual) use. Cheesy
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October 03, 2017, 10:36:30 AM
 #73

With masternode coins, my strategy is to keep the collateral but sell the proceeds from the nodes when the price is at a reasonable point (but even if it's lower than before). 

That way I get BTC back for my original investment over time + plus I keep the masternode collateral over the long term because I believe the coins will go higher.
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October 03, 2017, 01:55:47 PM
 #74

if you are not going to quit trading better cash out part by part with wgat you need to spend. here in the philippines the only way to cash out bitcoins is by using the official bitcoin wallet app which is called coins.ph
all of the alts should be converted to btc in order to transfer there and cashout with their official partners.
it is hard for me to belive that it is good to spend bitcoin because bitcoin itself can earn profits so better convert it if you want to buy something.

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