Always have an exit strategy

[Olayinka2225]

A lot of veterans I talked to back in January/ February had exit plans that were going into action late summer and early to mid fall at the latest. That was a majority of veterans.  I think bitcoins dropping to its new bottom slowly but surely. But it won’t go past ath for a while. It has been nearly a year and 6 months. Historically it probably means the btc 2021 bull run is over.

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[20kevin20]

Yeah, and the new All-Time Low always comes only when the price dumps a little bit.. right? And $100k always comes only when green candles pop up..

"Exit strategies" have been out there ever since Bitcoin exists. And look at it, look at the charts ever since, see how much they really worked. For most of us, trying to go for these "strategies" always meant a failure. The best strat when it comes to Bitcoin is still just hodling and that's it.

Historically it might mean that BTC's 2021 bull run is over, but history doesn't mean much when you have Bitcoin reaching all-time highs of adoption and BTC-related laws. We've never lived times before where countries turned Bitcoin into legal tender. It could very, very well be a halving cycle that does not follow the previous ones.

[zanezane]

That's not the choice for many people, exit strategy is an expensive one because you need to cover all the bases and covering them all is expensive, if you're not thinking long-term, I don't think that even an exit strategy will be useful to you because it will definitely end up with you losing more just because you had a short-term goal.

[Sanugarid]

A lot of veterans I talked to back in January/ February had exit plans that were going into action late summer and early to mid fall at the latest. That was a majority of veterans.  I think bitcoins dropping to its new bottom slowly but surely. But it won’t go past ath for a while. It has been nearly a year and 6 months. Historically it probably means the btc 2021 bull run is over.

I agree with you especially if my position in BTC is being a trader, we cannot just sit back and watch our money get burned when indicators are telling it's going to drop massively. It's part of our risk management to have an entry point and of course exit plan when things don't go according to what we predict or plan before trading. There's two option; its either we sell our BTC at a high price and buy
the dips or just hold if you're undecided.

[cryptoaddictchie]

A lot of veterans I talked to back in January/ February had exit plans that were going into action late summer and early to mid fall at the latest. That was a majority of veterans.  I think bitcoins dropping to its new bottom slowly but surely. But it won’t go past ath for a while. It has been nearly a year and 6 months. Historically it probably means the btc 2021 bull run is over.

Dont say it overs when you actually seen it happened. Yrs bull run is finished but there is no guaranteed that this is the end already. Many rallies were made and seems btc still holding up, since a lot of institutions buy in. Not ti mentioned Microstrategy that is owned by Michael saylors.

We can hear a lot of speculations but for some who believe in bitcoin. There is no bear market at all, as bitcoin destination is always as it is. Go up until massive are into it.

[Upgrade00]

A lot of veterans I talked to back in January/ February had exit plans that were going into action late summer and early to mid fall at the latest.

When did these so called veterans buy into Bitcoin? Whatever their strategy is, it should not affect someone else as you do not know what their investment looks like.

I think bitcoins dropping to its new bottom slowly but surely. But it won’t go past ath for a while. It has been nearly a year and 6 months. Historically it probably means the btc 2021 bull run is over.

If you feel the price is dropping and the bullrun is over, short Bitcoin and wait for the price to drop and buy back.
Or just simply sell and take your fiat equivalent.You don't have to make a thread cause of your sentiments about the market, as everyone has one of those.

[mk4]

Hah, mate— knowing the economic situation of the world right now that a lot of people are taking really lightly, Bitcoin is my exit strategy.

[velosepur]

It is sure smart and important option to have as cover but not easy to make it always. Need enough funds, knowledge, experience too. Newbies cant afford it but agree we all have to think few steps forward cos crypto market is very unpredictable.

[LogitechMouse]

I have an exit strategy always .

My exit strategy?? Investing into top coins like Bitcoin and Ethereum. I'm just continue accumulating and accumulating top coins for a long time and then I will sell it at the right time or when I already needed money .

[DeathAngel]

A lot of veterans I talked to back in January/ February had exit plans that were going into action late summer and early to mid fall at the latest. That was a majority of veterans.  I think bitcoins dropping to its new bottom slowly but surely. But it won’t go past ath for a while. It has been nearly a year and 6 months. Historically it probably means the btc 2021 bull run is over.

I think you’re wrong & we are seeing a repeat of the 2013 bull run with a double peak. We will see a really bullish Q4 with multiple ATH’s. Let’s wait & see what happens.

[GreatArkansas]

But you should first identify what is your goal, are you trading? If yes, exit or target price is important then.
Are you just investing in the midterm? Short term? or long term? I believe exit strategy is always good especially you already have profits, not a bad move. But the best to do is not totally exit, like partition, and re-enter again on the best opportunity.

[philipma1957]

A lot of veterans I talked to back in January/ February had exit plans that were going into action late summer and early to mid fall at the latest. That was a majority of veterans.  I think bitcoins dropping to its new bottom slowly but surely. But it won’t go past ath for a while. It has been nearly a year and 6 months. Historically it probably means the btc 2021 bull run is over.

I think you’re wrong & we are seeing a repeat of the 2013 bull run with a double peak. We will see a really bullish Q4 with multiple ATH’s. Let’s wait & see what happens.

Lets have twin peaks. but fraternal ones. I know these two fraternal Filipino twins.

Good looking girls and fraternal twins 👯

The one that was born second is 5 foot 7

The one that was born first is 5 foot 2

if those ratios hold true for btc the second jump will just crest at 70k

which i would sell at.

but still mine on.

eth would get close to 4800 if it holds forth for eth.

I actually think we are going to have triplets with three peaks.

64k in the spring of 2021
71k in dec of 2021
90k in spring of 2022

could go further  if chips do not keep coming we are still in a worldwide chip shortage which is affecting a lot of shit.

[yazher]

A lot of veterans I talked to back in January/ February had exit plans that were going into action late summer and early to mid fall at the latest. That was a majority of veterans.  I think bitcoins dropping to its new bottom slowly but surely. But it won’t go past ath for a while. It has been nearly a year and 6 months. Historically it probably means the btc 2021 bull run is over.

It's not always green scenery and the proof to that statement is today's seen in the crypto market. we need to know when to pull back when we have already gathered some decent profit from our last investment. I think it's better to have such a strategy to avoid further losses and will gonna invest again in the future when the times allow it. We are not the only one that is doing this, the other big-time investors have their own way to exit when they feel they already have the necessary profit to exit even though it is early than expected.

[rahmatrf331]

A lot of veterans I talked to back in January/ February had exit plans that were going into action late summer and early to mid fall at the latest. That was a majority of veterans.  I think bitcoins dropping to its new bottom slowly but surely. But it won’t go past ath for a while. It has been nearly a year and 6 months. Historically it probably means the btc 2021 bull run is over.

It's not always green scenery and the proof to that statement is today's seen in the crypto market. we need to know when to pull back when we have already gathered some decent profit from our last investment. I think it's better to have such a strategy to avoid further losses and will gonna invest again in the future when the times allow it. We are not the only one that is doing this, the other big-time investors have their own way to exit when they feel they already have the necessary profit to exit even though it is early than expected.

why should exit when the market price is often bearish. I think now is no longer the time to exit when you were long in the old market price, but start re-entering with the new market price. like the old strategy buy first out last and buy last sell first that's FIFA law in accounting terms.

[ziyaaa]

This is so true in my opinion. People should always have a plan B not to screw thing up about their investments. I think that people should already have set price targets for themselves to be able to sell at the right time and not to be a greedy person. Greed is the most dangerous factor in this market that can lead someone lose even their whole investment.

[darkangelosme]

A lot of veterans I talked to back in January/ February had exit plans that were going into action late summer and early to mid fall at the latest. That was a majority of veterans.  I think bitcoins dropping to its new bottom slowly but surely. But it won’t go past ath for a while. It has been nearly a year and 6 months. Historically it probably means the btc 2021 bull run is over.

For me i don't have any exit plans on my trades dude, i only invest or buy when i think it is time to buy then if the coin will go down i'll just gonna hold it till the price will recover, in short if i lost just holding and make it long term trading just it.

[michellee]

I am not sure if the bull run is over yet because the bull run can come again for the second time. But yes, we need to have an exit strategy to leave the market with a bag full of money

Somehow, I still feel that the bull run will come close to November - December this year, but that is my prediction because I do not know what will happen before the end of this year. While we do not know for sure, we can leave the market for a while or wait for the second bull run. I choose to wait for a while because the end of this year will be close to 3 months later.

[mr500]

Oh yeah That's a good idea always have an exit strategy ! But I am completely except this sugar free experiment because that's not the choice for many people. Exit strategy is an expensive one because you need to cover all the bases and covering them all is expensive, if you're not thinking long-term, I don't think that an exit strategy will be useful to you because it will definitely end up with you losing more just because you had a short-term goal.We can hear a lot of speculations but not effective if not get any profit.

[Kyraishi]

A lot of veterans I talked to back in January/ February had exit plans that were going into action late summer and early to mid fall at the latest. That was a majority of veterans.  I think bitcoins dropping to its new bottom slowly but surely. But it won’t go past ath for a while. It has been nearly a year and 6 months. Historically it probably means the btc 2021 bull run is over.

I think that you shouldn't treat it like that.

It is pretty much impossible to time the markets perfectly - what makes you think that you have a special kind of insight into the markets that the rest don't?

Sure, have an exit strategy if you are saving up for a house deposit or whatever, but if you are just in for the long haul you should just ride it out and hold.

[Oasisman]

A lot of veterans I talked to back in January/ February had exit plans that were going into action late summer and early to mid fall at the latest. That was a majority of veterans.  I think bitcoins dropping to its new bottom slowly but surely. But it won’t go past ath for a while. It has been nearly a year and 6 months. Historically it probably means the btc 2021 bull run is over.

The 2021 bullrun ends, yes could be BUT was that the end of Btc's bullrun?
When you're talking about exit strategy, that means there's no going back because an asset could either be dead or no chance of pumping back up. Is that case for Bitcoin?
Look at the historical data of Bitcoin's price and tell me does exit strategy works for Bitcoin? Because the last time I checked Bitcoin had been consistently gaining value each and every year.