Do you have a Bitcoin exit strategy?

[SolarSilver]

I can recommend listening to this talk between Saifedean Ammous and Michael Saylor

https://the-bitcoin-standard-podcast.castos.com/episodes/34-michael-saylor-on-the-fiat-standard

What is Microstrategy's plan? What is Grayscale doing? Never sell...

HODL for the long term

You can create a revenue with your holding by loaning against your crypto

As a long term hodler, I sold on the high of 2017 and I regret it. I wish I knew back then what I know these days....

[Myleschetty]

The Bitcoin market exit strategy I developed is to selling all the Bitcoin investment I bought during $40,000 upward as soon as possible while I hold those I have since the $30,000 which I believe I will be aware of the Bitcoin market dump in price before it reaches the $30,000 I make my investment if the Bitcoin market experience goes dip.

[Karartma1]

I think I am in a kind of self-inflicted hold mode!  Even when I want to sell some deserved profit I don't sell. I guess what makes a true difference for it is that, holding the coins on my personal wallets going to the hassle of unlocking these funds via my private keys mainly discourages me.
I'm bound to hold, that's it.

[aTriz]

Not really. My simple strategy is as follows:

1. Only sell bitcoin when totally necessary.
2. Continue to not spend money on unnecessary stuff.
3. Continue to focus on creating more cash flow to have more money to invest in assets.
4. Continue dollar-cost averaging weekly regardless of BTC price.
5. Price crash? Continue holding as per usual.
6. Only trade shitcoins with less than 5% of my total holdings.

Unless you're really experienced in the field of trading, chances are, doing the "sell now and buy back lower" strategy is just going to wreck you in the end.

most of these are the strategies I've been following too. I am selling bitcoins when it is too necessary. even I dropped my expensive by %30 persons. before I had to spend $500 now I am doing that with $300 more or less. saving and accumulating more and more bitcoins is the only thing I am doing. not holding any shit coins/tokens anymore. and trading only with the amount I can afford too lose.
no plan to exit bitcoin any time soon.

[maculeth]

actually I still want to be here until I already have my own device for mining. after that I will be here until bitcoin will give up.

[davis196]

Hi, just to be clear I'm bullish as hell for the next few months but I think it's generally accepted that this bull run will probably come to an end at some point this year.

I'm wondering if people here are planning on getting out of crypto or significantly reducing your stake at some point this year and if so what your plan is and where you are looking at reinvesting your funds?

Bitcoin is the best performing financial asset of the past 10 years.Why would anyone want to exit and sell his Bitcoins.
If the Bitcoin price crashes back to 20-30K USD,many investors will freak out and sell their BTC.They don't have an exit strategy.They are controlled by their emotions and are in between FOMO and the fear of losing more money.
If the price crashes severely,I might freak out and sell my BTC as well.
I'm not that emotionally stable.
My "strategy" is to just forget about the current BTC price and sell only,when the price reaches 100K USD.

[mezzaluna]

Hi, just to be clear I'm bullish as hell for the next few months but I think it's generally accepted that this bull run will probably come to an end at some point this year.

I'm wondering if people here are planning on getting out of crypto or significantly reducing your stake at some point this year and if so what your plan is and where you are looking at reinvesting your funds?

It might stop at some point at this year but I believe that will be another opportunity to invest greatly then patiently wait for the next Bull run. Although having an exit plan is still a smart move but it can also be another way to implement a wide range of investments. You could start a small physical business or even spread investments into Alternate Cryptocurrencies. Another thing is converting them into usable cash because of the ongoing pandemic and I guess those are just some of the safe ways I will adopt as an exit plan.

[DarkDays]

Hi, just to be clear I'm bullish as hell for the next few months but I think it's generally accepted that this bull run will probably come to an end at some point this year.

I'm wondering if people here are planning on getting out of crypto or significantly reducing your stake at some point this year and if so what your plan is and where you are looking at reinvesting your funds?

Probably, this is a good time to have this question and see what comments you get. BTC has dropped to its new ATL for a while now and it already looks like people are getting panicky.

I believe that you should remain strong and buy in when in dips like these. I do not believe that the bull run is over yet. I think there's still a few more weeks of it, definitely on ALTS. I always think, put your money to work, now that the opportunity presents itself.

[shield132]

Hi, just to be clear I'm bullish as hell for the next few months but I think it's generally accepted that this bull run will probably come to an end at some point this year.

I'm wondering if people here are planning on getting out of crypto or significantly reducing your stake at some point this year and if so what your plan is and where you are looking at reinvesting your funds?

I would sell bitcoins right now and wait for a while, for me it doesn't worth to risk that much, just get the solid profit and wait for a while, that's why I prefer. For further investments (and if your aim is profit and not support of certain coin/project), I would buy BNB. It has a catastrophic fall right now, have a look at the market and decide when to buy. There is N1 exchange behind this project and I strongly believe BNB is a good long term investment for great profit.

P.S. I don't support BNB, I will never ever support that but for financial profit, it's a great choice.

[Ziskinberg]

Hi, just to be clear I'm bullish as hell for the next few months but I think it's generally accepted that this bull run will probably come to an end at some point this year.

I'm wondering if people here are planning on getting out of crypto or significantly reducing your stake at some point this year and if so what your plan is and where you are looking at reinvesting your funds?

Probably, this is a good time to have this question and see what comments you get. BTC has dropped to its new ATL for a while now and it already looks like people are getting panicky.

I believe that you should remain strong and buy in when in dips like these. I do not believe that the bull run is over yet. I think there's still a few more weeks of it, definitely on ALTS. I always think, put your money to work, now that the opportunity presents itself.

As soon as they saw red lines, the quicker these people will sell their Bitcoin. They will cause panic and making another set of speculations asking how long the bear season gets over. The most gateway for them is to sell at a lower price for an instant sold out. Almost we saw this every time when the market showing huge correction and they don't care if they lose, only in their mind it makes an easy exit and regrets later blaming crypto is not a safe haven, a scam thing.

[geegaw]

I think I am in a kind of self-inflicted hold mode!   Even when I want to sell some deserved profit I don't sell. I guess what makes a true difference for it is that, holding the coins on my personal wallets going to the hassle of unlocking these funds via my private keys mainly discourages me.
I'm bound to hold, that's it.

You will be highly rewarded my friend. I'm holding since 2013 and haven't sold a bit. The temptation is high but if I could resist so many years... a few more years will bring me the financial freedom, I'm sure about that!

Agree that the temptation and the fear of loss nature can cause us to exit bitcoin too soon and miss out on the amazing prices we are now, you are truly a successful person when you've been against nature for years but I wonder if you think about contingency plans. Trust and hold on bitcoin is good but the future will continue to follow this hype or a crash will emerge, and I am worried that what you are against is just the justification of your greed, you are becoming more greedy, your nature is changing dramatically with the price of bitcoin

[vin1103]

never fight the market bro, my suggest for now market still have good growth, hold your coin to take more profit, for now its not recommend for exit, many things support bitcoin for now like elon musk, he decided to bring bitcoin to the moon hahaha

[jesselui]

Actually, the only strategy I do is quit when you win. When you want more, you come out somehow harmful. Being satisfied after earning enough is a good strategy.

[michellee]

I always try to sell bitcoin at a high price, but that will not be possible as I do not know when bitcoin price can touch the high peak price. But if the price can touch me target price, I will not have a problem to take profit from that price, even if the price increase more than my price. I believe that the price will go down lower than the price I sell, so I can buy back and wait for a moment to sell at another high price.

When you enter the market, you need to know when you should exit, but you can still at the market if you want, but you need to know the consequences. You can hold bitcoin for a long time, but you should have a target price to sell and exit the market.

[hahay]

I always consider the exit strategy from crypto but unfortunately it is not easy, because for me it takes a lot of capital to finally invest outside bitcoin. But it would be better for us to develop a personal business but unfortunately again, I don't have many skills to make a business. With such constraints it is difficult for me to get out of bitcoin, and at least I will continue to put a lot of effort into bitcoin until I finally have a better strategy to exit.

[Kong Hey Pakboy]

I'm wondering if people here are planning on getting out of crypto or significantly reducing your stake at some point this year and if so what your plan is and where you are looking at reinvesting your funds?

If you're asking an exit strategy on Bitcoin, I guess I haven't planned for one, because I am not planning to. I am well aware that what I am thinking is high risk, and what I am din may be dangerous if I don't secure assets. There will also be available I believe that there will be available stock markets that I can invest too, but I for me, Bitcoin is the best option that will be suitable for me.

[John.barret]

We are just in the initial phase, why even think about exit strategies? I think ccs r on the rise and there isno need to feel threatened or something...

[isaac_clarke22]

~

I don't even have a plan to get out of crypto and I wouldn't mind if the bull run ends.
When I need the coins, that's the point I sell it to my local currency.
It might be true that bull run might end one day but it will surely be back after bear's table is done.
There isn't ceiling in the price, think about that OP.

[Leviathan.007]

I don't understand why do we need such thing. If you do really believe that bitcoin price will increase in long term you can get more and more profit by just holding it. I don't have any exit strategy and whenever I feel I need to get profit out of it, I'll exchange only a little part of bitcoins to usd and then I'll buy back at better price to earn more bitcoins. Because I have a long term vision.

[Yatsan]

As for now I am confidently enjoying what we are currently having right now in the crypto market. I am still not thinking of the possibility of the crash or sudden dump although I am already aware that will happen in no time. As of the moment, I am still on what I am currently doing considering I am getting myself ready for what can happen in the near future. I am just constantly gaining profit which is somehow enough for me not to panic and if ever unexpected changes would happen that is not exactly based on my plans, I would barely accept the fact of being still on holding for it will not be my first time anymore experiencing such thing and I believe on what Bitcoin can do so exit strategy won't be an option for I can endure such.