Whats your exit strategy?

[el kaka22]

People may laugh out if I will be unveiling my goals and expectation with my bitcoins. Honestly I have planned to keep some bitcoins till my end of life and will transfer the ownership to my children after my life. I believe into bitcoin's unlimited potential hence we can expect it may to take up to 50% of total world economy still  expecting 25% penetration within a year might sound too greedy to me. But 25% will be definitely possible before 2030.

I suggest my friends to hold infinitely then there will be no need of exit strategy. Do we plan to sell all our gold or real estate or other valuable properties, they why for bitcoins ?

[1714469008]

1714469008

[1714469008]

1714469008

[1714469008]

1714469008

[1714469008]

1714469008

[1714469008]

1714469008

[mostkey]

The price of bitcoin is determined by the marginal price that the market is willing to bid a coin for.

bitcoin prices can not be determined. because bitcoin is determined by large shareholders who can manage the market. a fixed supply that causes bitcoins can not be controlled. I myself have not yet understood the market movement

[The_Dark_Knight]

My number is something between 75k or 100k  and my exit strategy is simple I expect bitcoin to be accepted by more people at that point, so if I can buy properties directly with my bitcoin then I will do it, if I cannot then I will need to sell for fiat first and then get real estate and then I will retire and laugh at all of those that called me crazy for investing in bitcoin and other coins, since I will be vindicated and they will need to work for the rest of their lives while I enjoy a vacation that will last forever.

[romneymoney]

Selling diminishing amounts of btc for increasing amounts of fiat at roughly each doubling (at a short term high point ideally) of btc/usd exchange rate.

[timerland]

My initial plan to exit was at 2,000 right before the August fork. However, I soon realised that the fork would only bring the prices up, so I stayed in the game for longer. I sold a few of my Bitcoin's here and there, however I still have the major % still available.

I am current not in need of any extra money, so I am able to keep on hodling to my bitcoins for the time being.

I too would not want to regret selling just yet in case the price suddenly rises up, however I am also keeping the news circulating bitcoin close at hand, in case anything drastic was to happen that would force me to quickly sell my stash.

[ChinkyEyes]

I don't really have an exit strategy, but more of certain milestones in which I will sell portions of my portfolio.
To buy a house for example or to start my own company, only then I will exit a portion to fund that. The rest I will hodl forever, and use it as a rainy day fund. It's important to store some of your wealth outside fiat, so it's better to store it in real estate, crypto or stocks.

[roxbit]

I don't really have an exit strategy, but more of certain milestones in which I will sell portions of my portfolio.
To buy a house for example or to start my own company, only then I will exit a portion to fund that. The rest I will hodl forever, and use it as a rainy day fund. It's important to store some of your wealth outside fiat, so it's better to store it in real estate, crypto or stocks.

Maybe its too early for me tell about my exit strategy, I am not sure what amount would make me leave crypto. Why do I have do that when I can pass it to my next generation? For sure btc is going to be a real currency and will soon be accepted worldwide. That’s for sure the future of btc and the rest cryptocurrency and altcoins.

[UnDerDoG81]

@50k I would cash out 50% and invest it in other stuff. That way I would not jump out of the window, when the crypto market fails 

[btc_angela]

Kinda dumb to have a exit strategy. But as long as you selling and having a margin of profit then it will be good. Nevertheless, I never had a fix price on when to exit. As long as I can hold long term, the better because bitcoin price really tends to increase overtime.

The more we stay longer, the better for us. How many times do we hear people that bitcoin is expensive and not buying? While we have bought/earn bitcoin when the price is low. So we are a advantage of not getting out.

[aardvark15]

I plan to sell gradually over a long period of time. This way, the bulk of my investment can keep growing while I cash out a little every year.

The point at which I begin to cash out is hard to determine for me, but I think it will be based on a price target of each coin I own. For example, I may not sell any Bitcoins until the price of a Bitcoin is $50,000.

Of course this could change if I need money or need to cash out some just to pay for capital gains taxes.

[Paverspacers]

I really like the exit strategy that gradually sells positions when prices are going up... Although gains aren't maximized, we can never tell the difference anyway, unless we can predict the future.

[richardsNY]

I don't ever plan to exit. I just use the market's fluctuations to grow the number of my Bitcoins gradually, and that's really it. I am not a person thinking that Bitcoin will replace banks and payment services such as PayPal, MasterCard and Visa, but I do see a great future for Bitcoin where I at some point might get paid in Bitcoin, purchase my daily needs with Bitcoin, pay for gas with Bitcoin, etc. We might even reach a point where people aren't that willing to sell their Bitcoins anymore due to the economical difficulties in their country. If we look at various countries with actual economical difficulties, the Bitcoin markets there have insane premiums over the western market, and that just shows how desperate people are.

[BitHodler]

Exit strategy? I am not going to convert my precious coins into something that only loses purchasing power. Seriously, at this point in time money on your bank account costs you money, so it's a pointless practice.

Money sits safe in Bitcoin, and definitely so with the added benefit of seeing the price go up continuously throughout the years. If we look at the past performance of the market, then it's safe to say that hodling is the only right option.

And the people having sold way back, have likely bought their coins back at higher levels. The money you got for selling your coins back then will buy you less coins at these premium levels, so just keep hodling.

Selling is only an option if you trade the volatility and have enough coins sitting in your cold wallets.

[Ararbermas]

I really like the exit strategy that gradually sells positions when prices are going up... Although gains aren't maximized, we can never tell the difference anyway, unless we can predict the future.

selling when the price is rising is not good strategy mate you need to change that strategy. Cause indeed we should exit when the price down then buy back when the price rising gradually . How can you gain profit on it.? Haha i suggest to do what others do. which is exit when the price  decreasing instead of selling gradually while the price is rising cause its a big help to multiply your profits.

[onrise]

@50k I would cash out 50% and invest it in other stuff. That way I would not jump out of the window, when the crypto market fails 

Reaching 50k itself may take some time and waiting for that means losing out opportunity to make money from other altcoins which is the future in 2018 and coming years. So better to keep buying some altcoins and then when it rise convert to BTC or ETH and then sell out when you require money or your target has met it.

[MidKnight]

I will not exit this game as long as it gives me profit but my plan is when I achieved more than enough bitcoins is I will reduce the time that I give in trading and will just look at it a few hours a day because I'm giving 10 hours a day.

[The_Dark_Knight]

Exit strategy? I am not going to convert my precious coins into something that only loses purchasing power. Seriously, at this point in time money on your bank account costs you money, so it's a pointless practice.

Money sits safe in Bitcoin, and definitely so with the added benefit of seeing the price go up continuously throughout the years. If we look at the past performance of the market, then it's safe to say that hodling is the only right option.

And the people having sold way back, have likely bought their coins back at higher levels. The money you got for selling your coins back then will buy you less coins at these premium levels, so just keep hodling.

Selling is only an option if you trade the volatility and have enough coins sitting in your cold wallets.

Nothing wrong with that, but at the same time you do not need to use your bitcoin to get fiat, you could use it to buy real estate or to create a business, now while that is not going to give you the profits of bitcoin, if you have a high amount of bitcoin you could diversify your investments, that way no mater what happens you will get great benefits.

[oriz345]

I might exit when the total market cap reaches around 6 trillion. We have a long way(and probably 2-3 yearsish) to go

[thecodebear]

exit strategy is sell a little bit around $40k to $60k (late part of this year or early next year), sell a bit more to fully fund a retirement account from scratch when it hits maybe $80k. And once it goes over $100k just start withdrawing a few thousand dollars a week over the course of a few years until I only have maybe one or two bitcoin left, just hold those long term in case it truly gains mass adoption and goes north of $500k. Probably sell a few ETH when it hits around $2500 or $3000, keep the rest to see if it can go over $5000 and sell north of that.

[Leahhhh]

I said I would sell one coin at $10,000 (which I didn't do), keep one forever & sell the rest at $100,000. However, my greatest worry is getting my money out safely. My coins are in paper wallets & as someone with no experience of using exchanges & transferring coins around, I find it all very complicated. I've been told to move my BTC out first then BCH & then the others BTG......all have the same key, but I'm worried about them getting stolen. Then I'm worried about actually getting my money out of an exchange safely when I do actually get them sold....I've heard too many stories of money going missing & people not being able to withdraw. Which exchange is considered most reliable? (I am in the UK).