Do you have a Bitcoin exit strategy?

[Ziskinberg]

yes i am ,even how bullish this year ,there must be have some bear waiting for the right moment, and i wont get rekt same like 2017-2018 , for sure, i just believe bitcoin will reach 100k on this year, and when that come , i will sell everything, i also quite sure even shitcoins will grow like miracle, however i have plan to buy low and probably will kept it there for a long time .  u know what, this scheme just keep repeating, no matter what happen , big pump will end by big crash and everything recovery together.

Experienced teaches us valuable lesson and I do believe the bear market will also come, the higher it rise that could be the same magnitude we will witness once the market is already in bear season. We just enjoy the bullish market, take profit if necessary but do not get FOMO if you are not really for long term hold as once you panic, good bye to your investment.

[Ozero]

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?

Once the bull market is over, i will try to convert my majority of the funds to fiat and stable coins. This does not mean that i will quit crypto. This only means that i don't want to hold the coins in bear market and see my portfolio in loss. Instead i will try to invest in real estate or any other business which can give me regular income and also save money to buy back in the bear market.

I consider this a reasonable choice, the only problem is to determine in time the moment of release and sale of bitcoins at peak prices. The price of bitcoin can plummet and after that their sale will not be so profitable. It would be better to partially sell them at the current high prices and keep a reserve of money to buy bitcoin in case of a sharp price drop.
Of course, holding onto bitcoins is not an end in itself. It should be profitable. Therefore, it should be periodically fixed and be prepared for both the high price growth of bitcoin and its sharp fall.

[newwest]

To be honest i don't really have that strategy, i'm just gonna sell it when my real life force me to convert it into the real money.

And i dont think it's gonna be long day for me to out from this investation, especially in this situation when theres a lot of big company who investing in BTC with Huge Amount.

Any investment in bitcoin, I do it for long term so mid-way crisis does not scare me because in couple of months or year it will be back again and more strongly than before. So anytime when the price has suddenly risen a lot and in my personal capacity require some money so do sell at times some part of it in order to maintain my expenses and also in this way book it for profits as well.

[Reatim]

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?

Since january 2020 , My plan is to sell all my Bitcoin when the price break down the 25,000 Price per bitcoin but the plan changed when the value increase continuously when it hits the 20k .
Then I make another exit at 40k and I made it then , and when the market had a correction i bought back at 32k and up to now waiting for my another exit in which 80,000 so maybe this will take me another long waiting before succeeding but i care nothing , This market will continue to go up this year.
And even if the price fell back down to 20k level? then i will buy more as i have saved half of my funds from 40k selling.

[jaresmerel001]

If the entire house of cards collapses, you'd be at breakeven if you removed everything you've put in so far.

In a highly speculative investment, this isn't a bas strategy. At the very least, you're not in any worse shape than you were before.

[Coyster]

Even if the Bull run comes to an end, it doesn't mean a network crash or imo anything too significant, there have been previous bull runs that came to an end, and after a period of a couple of months the price starts again to appreciate in sporadic fashion, that's the thing about the BTC network, it doesn't stay down for too too long, so why fret by having an exit strategy.

Having said that, the thing to note is 'do not invest more than you can afford to lose', once this rule is obeyed, you do not even have to sell your stash during the start of a bear run, I don't plan on selling my Bitcoin to Fiat, with all the printing of money that's been going on in the traditional institution and inflation/hyperinflation that's going to rock most Fiat currencies, BTC is a hedge as well as a currency for it's users; the wisest of choices will be to remain locked in the Bitcoin network as long as you have other funds to take care of your daily needs,

[Noctis Connor]

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?

Why you always risking your money when you can totally not spending that much and not to lose that much , if you are investor and really your goal is to make a good profit then sell when the price is right or necessary needed a money for financial status and then you think bullish is done then you should keep on eye on the graph because some if investors are waiting also to buy bulk of bitcoin just to make another small profits. Follow your guts and you will be safe also do not forget to search more about others plan.

[gatti]

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?

Why you always risking your money when you can totally not spending that much and not to lose that much , if you are investor and really your goal is to make a good profit then sell when the price is right or necessary needed a money for financial status and then you think bullish is done then you should keep on eye on the graph because some if investors are waiting also to buy bulk of bitcoin just to make another small profits. Follow your guts and you will be safe also do not forget to search more about others plan.

Yes, I plan to reinvest the money, not in cryptocurrencies but another investment. I think many people fall into this trap when they invest or win a big sum of money, they really don’t have a plan on what to do with their money. You always need a plan or an exit strategy when it comes to investing.I know a few people who invest in cryptocurrencies and I tell them the same thing. Have a plan when you decide to sell your cryptocurrencies. You may want to pay off some bills or buy something nice for yourself.

[dunfida]

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?

Why you always risking your money when you can totally not spending that much and not to lose that much , if you are investor and really your goal is to make a good profit then sell when the price is right or necessary needed a money for financial status and then you think bullish is done then you should keep on eye on the graph because some if investors are waiting also to buy bulk of bitcoin just to make another small profits. Follow your guts and you will be safe also do not forget to search more about others plan.

Yes, I plan to reinvest the money, not in cryptocurrencies but another investment. I think many people fall into this trap when they invest or win a big sum of money, they really don’t have a plan on what to do with their money. You always need a plan or an exit strategy when it comes to investing.I know a few people who invest in cryptocurrencies and I tell them the same thing. Have a plan when you decide to sell your cryptocurrencies. You may want to pay off some bills or buy something nice for yourself.

Nothing beats out  the feeling on cherishing up your wins or profits via means on buying off your wants and wishes back in the past when you dont actually have the money to buy on.
Exit strategy would really vary on peoples preference.Some do like to reinvest and diversify.Some do only just like to hold and save it up for future because they are currently
not on in need of something.

[Fredomago]

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?

Once the bull market is over, i will try to convert my majority of the funds to fiat and stable coins. This does not mean that i will quit crypto. This only means that i don't want to hold the coins in bear market and see my portfolio in loss. Instead i will try to invest in real estate or any other business which can give me regular income and also save money to buy back in the bear market.

I consider this a reasonable choice, the only problem is to determine in time the moment of release and sale of bitcoins at peak prices. The price of bitcoin can plummet and after that their sale will not be so profitable. It would be better to partially sell them at the current high prices and keep a reserve of money to buy bitcoin in case of a sharp price drop.
Of course, holding onto bitcoins is not an end in itself. It should be profitable. Therefore, it should be periodically fixed and be prepared for both the high price growth of bitcoin and its sharp fall.

Learning how to play well with the current situation would lead you to a much better position in case there's certain events that
happened with the price of Bitcoin.

It's important to know when to hold to maximized your profits and when to let go to avoid losing your money, in this view point
there's no accurate but it can guide you with every experienced that you have while working inside this industry.

Keep planning and make sure to follow each system that you build.

[jossiel]

If the entire house of cards collapses, you'd be at breakeven if you removed everything you've put in so far.

In a highly speculative investment, this isn't a bas strategy. At the very least, you're not in any worse shape than you were before.

Yup, I agree.

Investors like me who have managed to buy it at the best price before whatever is going to come out or if worst comes to the worst. We're at the better place right now because we've made profit and we've probably sold at different good prices.

But if there's no clear of coming into that scene of being a worse to worst for bitcoin, there's no need for somebody to take an exit. Better to enjoy the journey and be part of those folks that holds it if it happens to reach $100k-$1M.

[Yurkov]

Sell in chunks, don't sell at one price. I did this mistake of selling half of my holdings at 24k while remaining half at 30k. So in the end I am at loss, should have sold in small chunks of 5% or 10%. Make sure you exit before this bull run is over.

[Ryker1]

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?

^[snip]
 if you are investor and really your goal is to make a good profit then sell when the price is right or necessary needed a money for financial status and then you think bullish is done then you should keep on eye on the graph because some if investors are waiting also to buy bulk of bitcoin just to make another small profits.

Well, perhaps no one will accept their losses for nothing if they don't need the money. Because for me, I will sell my bitcoin once I needed most of the money but if not --it is good if you are in a bullish trend to sell and get your initial capital of investment and hold the rest as much as you can and regain again and cut profit once there is. For me, I will not sell my all holdings at once, because I know that bitcoin is a good investment and perhaps another 20 years will pass bitcoin will double its price as of now. So cutting profit like 10-20% have a good advantage.

[Kelvinid]

Sell in chunks, don't sell at one price. I did this mistake of selling half of my holdings at 24k while remaining half at 30k. So in the end I am at loss, should have sold in small chunks of 5% or 10%. Make sure you exit before this bull run is over.

What is the price at the time that you buy your Bitcoin? because that you at loss, it means that you are definitely losing or just missing the opportunity of selling it at a higher price?

In this nature of the investment, you can't guarantee that always it works well and give favor to us. If you bought it at $20k and sold it at $24k, it is a profit already, and that more selling at $30k. For me, I don't have to complain about it but to be thankful because that was big enough, and not all made it.

[zanezane]

Sell in chunks, don't sell at one price. I did this mistake of selling half of my holdings at 24k while remaining half at 30k. So in the end I am at loss, should have sold in small chunks of 5% or 10%. Make sure you exit before this bull run is over.

Selling chunks is not an exit strategy, as you are still hodling bitcoin. My exit strategy involves accumulating a lot of bitcoin and selling it when the prices are so high that quitting is an alright thing to do and then investing the money on other things that makes a passive income stream like Index Funds, ETF, Mutuals, Stocks or a business. Exiting is a difficult thing to do because we don't know when will the bull run stop, exiting at the right time is astronomically difficult.

[TookDk]

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 my exit strategy

[Timelord2067]

I joined the signature campaigns about nine months ago as I regularly post and see it as a means to receive bitcoins that I can hodl indefinitely (ten plus year objective) given that I haven't had to buy them. And, any time I do actually need bitcoin, I can buy them for the going rate and use them immediately without worrying that they'll go down in price.

Some of the SigCamp funds have gone into opening Lightning Network Channels and some have gone into paper wallets.

[SquallLeonhart]

I actually do, many people who are not sure what bitcoin will do feel afraid and they get out as soon as it drops, and many maximalists end up promoting it to the end, like they would die before they would sell, those type of things. I do not think that I will hold it that much, and I do not think that it will drop neither, there is nothing that would make me more happy to hold it as much as I can but I do not see the point of it.

So, what is my exit strategy? Retirement, I want to be able to have enough money to say that I can retire and do absolutely nothing, that way I will be basically profiting everyday with ease without worrying about anything, then I will just take it out, maybe keep a bit in for fun, and then use that money as retirement fund when I am old. It would make things a lot easier for me and I would basically spend my times relaxing.

[passwordnow]

Sell in chunks, don't sell at one price. I did this mistake of selling half of my holdings at 24k while remaining half at 30k.

You even have sold in higher price than the mistake that I did but it's really regreting when we look at the prices today and the prices that we're able to surpass. I've done the same mistake but with a lower price and that's why lesson learned.

So in the end I am at loss, should have sold in small chunks of 5% or 10%. Make sure you exit before this bull run is over.

Don't think that you're in the loss but as long as you've sold it higher than the price you bought it, you're still in profit. But the potential profit should have been higher if you and I haven't sold early.

[krsber]

Hi, this is my 1st post and not sure if I can ask this here.
But my question is,  how do I find out the least expensive way to sell BTC back into US fiat.
I have Coinbase and Binance.us that I can easily use but are there alternatives? And how much should I expect to pay?
I realize volatility factors in. Is there a place to track fees?
I guess this fits in with the exit strategy question, but not sure. And I'm not sure I am asking the right question.