Exit Strategy

[TUMAS]

What is your exit strategy?

I would like to have a clear vision on how to extract my funds if another bull run happens.

What are your opinions? I am trading in USTD

Thanks!

[prowe]

What is your exit strategy?

I would like to have a clear vision on how to extract my funds if another bull run happens.

What are your opinions? I am trading in USTD

Thanks!

Long term brother!

[TUMAS]

Yeah long term but I will want to get out some if you know what I mean.. So I am trying to see whats the best strategy

[bob3772]

If my investment is ever reaching a level where it can seriously alter my life then i'll begin to draw down my investment. Similarly to buying in a dip where I'd advise people to spread out their buys over time, I will sell gradually when I think the top is near. So as to hedge disappointment both on missing the top or selling too early. I will also always aim to leave a strong amount in to crypto and not invest all that I withdraw straight in to something else. If timed correctly I might be able to buy back at the next dip my initial holding but for 1/5 of the price.

[TUMAS]

Is trading in USTD a good thing? as most exchanges dont support EUR and when I come to withdraw I will have an extra fee to move to EUR or USD from USTD

[danherbias07]

It had been changed now.
The exit strategy is when the token is listed in an exchange. That moment they already get out as fast as they could.

You are trading USDT in which pair?
If it is just USDT then you wont need to worry anything. That is 1:1 to USD. You should be looking at how strong the USD is only.

[TUMAS]

So If I have XRP/USTD on binance I just send to Coinbase and bitrex for example and send to bank?

[prowe]

Yeah long term but I will want to get out some if you know what I mean.. So I am trying to see whats the best strategy

My opinion: Do your research, pick some projects from the bottom, undervalued ones.

Currently I'm working on XSTC and two programmers are busy (in their free time) building the fundament of a future freelancer platform.
A project with a user purpose called https://gronzo.com and Safe Trade Coin (XSTC) will be integrated within the platform.

I think there are several projects like this one, able to pick up for a few SAT.

Try to connect, contribute and together you are able to change the world and influence conventional markets.

[paradigmaV]

What is your exit strategy?

I would like to have a clear vision on how to extract my funds if another bull run happens.

What are your opinions? I am trading in USTD

Thanks!

To answer this question is very difficult. I can assume that the next bull run will be stronger and prices will rise even higher. We do not know at what level the market will stop. I think we will see both panic buying and panic selling. But of course, many players will not be ready for this ... You need to determine for yourself the price level at which you will be ready to sell your coins. Must be a plan

[Grim149x]

My only exit strategy is if I profited from my investment. It's simple but I think anyone can pull it off though it's not the smartest thing.

[ololajulo]

The first thing is to fix your eyes or mind on the price you want to cash out. Nobody will ever know the peak of the bull run as we also dont know the bottom of the bear market. If you can afford some money now, buy more. Never buy when it is going up, when it is reaches the price you want to cash out, dont be greedy, take your profit and run.

[TUMAS]

Yes yes deciding on the price is secondary. I want to know what and how is the best way to move your money and profits around to withdraw.

[Benarand]

Many now go to Fiat, and are waiting for the right moment to have time to go at a low price.

[Bittalk12]

My exit strategy depends on how large is the volume on both selling and buying request, how the bar goes and the indicator scale on how traders reacts with the market. I maximize the stop limit option in binance to avoid wasting my time looking on buy and sell requests. By doing that, i manage to control my emotions and greediness to take a profit. My indicators for selling is between these numbers after the dot.

0.189, 0.487, and 0.98

[prowe]

The principle is that if people mainly use cryptocurrencies for speculating it will take longer until mass adoption will take place.

Too many people are only using crypto for their own benefit, looking to enlarge their own capital instead of contributing themselves.

We can overwin if we all cooperate better! We need solid projects instead of shorts mentality.

Greed and selfishness keep dominating...

[chocopapaya]

Don't listen to the people saying, "Long Term!"

Take a really hard look at your finances and then make realistic goals.
Specifically, how much you want to earn and at what price point you will cash out.
The people who are making actual real money off of investing do this and then set another specific buy in when prices crash.
The fools are the ones who eternally hodl or just go through the never ending cycle of trading.

Of course, the best way to cash out is p2p.
Most countries you have to pay tax off of your investments and if you use a centralized exchange that converts your crypto to fiat then you will have to report it.
To avoid this, just go straight to the buyers.

Start gaining a network, you can always do that here in the Marketplace section.
If not, than the best solution is localbitcoins.com, essentially an EBAY type place for btc where you can set your own sell price and how to get paid.
You can set the terms to get paid by direct bank deposit, western union, even cash

[prowe]

Most countries you have to pay tax off of your investments and if you use a centralized exchange that converts your crypto to fiat then you will have to report it.
To avoid this, just go straight to the buyers.

That's a terrible advice. Going directly to the buyers, like all the trustworthy parties involved... ahum 

[ShadowBits]

What is your exit strategy?

I would like to have a clear vision on how to extract my funds if another bull run happens.

What are your opinions? I am trading in USTD

Thanks!

My exit strategy for this market is not to leave until everything goes to zero. As for my exit strategy for my tradings I would like to have an nice 5% above profit and 3% loss before I leave a trade.

[JuggSlash]

Trade into fiat, fiat is on fire as hell. There is the time where fiat is on bull run and crypto is on bearish. Once it turn back, crypto will be on the bull run.

[john_nautica]

What is your exit strategy?

I would like to have a clear vision on how to extract my funds if another bull run happens.

What are your opinions? I am trading in USTD

Thanks!

if you choose usdt the best strategy is to be able to sell and hold long term. You can make it as an option because USD can be the most stable and suitable coin for the long term