Always have an exit strategy

[Wind_FURY]

An exit strategy in my opinion needs to be a backup plan than a primary one. Because we don't know how exactly will be the market move. Everyone wants to sell high and get back into the market buying low. This can be made possible with time and not immediately. If the market is in large scale fluctuation, this might be possible. So, here we need to use the real exit strategy or the backup plan to cut the loss if market moves were against our prediction.

Hahaha, but I believe OP is following the wrong back up plan. In fact, he is following the WRONG PLAN. What he’s doing is selling his Bitcoins back to the market, back to the billionaires who will HODL them, so he can earn more fiat? He should constantly be saving, and bought the DIP during the day he made this topic. DIPs are opportunties.

[the ghabbar]

An exit strategy in my opinion needs to be a backup plan than a primary one. Because we don't know how exactly will be the market move. Everyone wants to sell high and get back into the market buying low. This can be made possible with time and not immediately. If the market is in large scale fluctuation, this might be possible. So, here we need to use the real exit strategy or the backup plan to cut the loss if market moves were against our prediction.

Hahaha, but I believe OP is following the wrong back up plan. In fact, he is following the WRONG PLAN. What he’s doing is selling his Bitcoins back to the market, back to the billionaires who will HODL them, so he can earn more fiat? He should constantly be saving, and bought the DIP during the day he made this topic. DIPs are opportunties.

absolutely right, it seems he made a wrong prediction, so he made a decision that made the sale wasted, the plan did not go according to his wishes and was too forced in my opinion. In fact, if viewed from the perspective of opportunities, this decision must be taken when bitcoin is almost strengthening, but the current situation is the opposite, there is no guarantee for the market to strengthen bitcoin.

[Questat]

An exit strategy in my opinion needs to be a backup plan than a primary one. Because we don't know how exactly will be the market move. Everyone wants to sell high and get back into the market buying low. This can be made possible with time and not immediately. If the market is in large scale fluctuation, this might be possible. So, here we need to use the real exit strategy or the backup plan to cut the loss if market moves were against our prediction.

Hahaha, but I believe OP is following the wrong back up plan. In fact, he is following the WRONG PLAN. What he’s doing is selling his Bitcoins back to the market, back to the billionaires who will HODL them, so he can earn more fiat? He should constantly be saving, and bought the DIP during the day he made this topic. DIPs are opportunties.

absolutely right, it seems he made a wrong prediction, so he made a decision that made the sale wasted, the plan did not go according to his wishes and was too forced in my opinion. In fact, if viewed from the perspective of opportunities, this decision must be taken when bitcoin is almost strengthening, but the current situation is the opposite, there is no guarantee for the market to strengthen bitcoin.

Well, perhaps it does and most the holders will think that selling is the only way to save their money from losing it entirely.
No, nothing had made the assurance in the crypto investment and due to its volatility, the majority of our predictions went wrong. But then, we can't be hopeless of what we saw in the market today as this can be changed in the coming days, only we need to do is to have patience and stay calm.

[Ngemmeng]

absolutely right, it seems he made a wrong prediction, so he made a decision that made the sale wasted, the plan did not go according to his wishes and was too forced in my opinion. In fact, if viewed from the perspective of opportunities, this decision must be taken when bitcoin is almost strengthening, but the current situation is the opposite, there is no guarantee for the market to strengthen bitcoin.

do you make decisions that are always right? Every investor or trader has a different strategy, even if hold when the market is falling like this is the wrong decision. every decision we take has the potential to be wrong because market conditions are difficult to predict.
Buying when the price has strengthened is reasonable but it does not rule out the possibility that it will be a bull trap and damage the strategy we have prepared and we must set up a new strategy to minimize losses or even turn losses into profits.

[Wind_FURY]

An exit strategy in my opinion needs to be a backup plan than a primary one. Because we don't know how exactly will be the market move. Everyone wants to sell high and get back into the market buying low. This can be made possible with time and not immediately. If the market is in large scale fluctuation, this might be possible. So, here we need to use the real exit strategy or the backup plan to cut the loss if market moves were against our prediction.

Hahaha, but I believe OP is following the wrong back up plan. In fact, he is following the WRONG PLAN. What he’s doing is selling his Bitcoins back to the market, back to the billionaires who will HODL them, so he can earn more fiat? He should constantly be saving, and bought the DIP during the day he made this topic. DIPs are opportunties.

absolutely right, it seems he made a wrong prediction, so he made a decision that made the sale wasted, the plan did not go according to his wishes and was too forced in my opinion. In fact, if viewed from the perspective of opportunities, this decision must be taken when bitcoin is almost strengthening, but the current situation is the opposite, there is no guarantee for the market to strengthen bitcoin.

OK, zoom out, and what would you do if something that priced at $60,000 is not prices at @ a -50% discount, with the opportunity that it might give the buyer more discounts until 2023.

Those people during 2021 who wished they could go back to 2019/2020 to buy the DIP will be given a Golden Opportunity. Will you take it?

[passwordnow]

Every investor or trader has a different strategy, even if hold when the market is falling like this is the wrong decision.

You're right and if that strategy seems to be wrong for you, to me, it's not.

every decision we take has the potential to be wrong because market conditions are difficult to predict.

And if you've done wrong decisions in the past, that's going to be your standard and foundation that you're not going to do the same mistake that you did in the past. As for me, I did wrong decision in the past for selling my bitcoins and now I regret it. But, it's not too late to hold and accumulate again.

Buying when the price has strengthened is reasonable but it does not rule out the possibility that it will be a bull trap and damage the strategy we have prepared and we must set up a new strategy to minimize losses or even turn losses into profits.

Always anticipate those situations and as long as it won't matter to you and you're good at buying it without regret, that's the most important matter whenever you buy.

[peter0425]

If you are only investing without any concrete plan? then better to stay away in crypto and best to invest in banks because this market volatility will surely your enemy and your nightmare.

Exit plan is one of the best and safest if you are not into long term Holding because prices are changing each time.

but if you are in HODL strategy then forget about that exit strategy and only focus in buying position.

Buy Low Sell high that is your weapon in best investment.

[the ghabbar]

An exit strategy in my opinion needs to be a backup plan than a primary one. Because we don't know how exactly will be the market move. Everyone wants to sell high and get back into the market buying low. This can be made possible with time and not immediately. If the market is in large scale fluctuation, this might be possible. So, here we need to use the real exit strategy or the backup plan to cut the loss if market moves were against our prediction.

Hahaha, but I believe OP is following the wrong back up plan. In fact, he is following the WRONG PLAN. What he’s doing is selling his Bitcoins back to the market, back to the billionaires who will HODL them, so he can earn more fiat? He should constantly be saving, and bought the DIP during the day he made this topic. DIPs are opportunties.

absolute right, it seems he made a wrong prediction, so he made a decision that made the sale wasted, the plan did not go according to his wishes and was too forced in my opinion. In fact, if viewed from the perspective of opportunities, this decision must be taken when bitcoin is almost strengthening, but the current situation is the opposite, there is no guarantee for the market to strengthen bitcoin.

Well, perhaps it does and most the holders will think that selling is the only way to save their money from losing it entirely.
No, nothing had made the assurance in the crypto investment and due to its volatility, the majority of our predictions went wrong. But then, we can't be hopeless of what we saw in the market today as this can be changed in the coming days, only we need to do is to have patience and stay calm.

It is important to remain calm and patient in these conditions, the market can change so fast, no one can guarantee the investment we make, other than ourselves who control the actions that will be taken, this way we can secure the assets we have, sometimes be patient It is also necessary to make a profit on the investment.

do you make decisions that are always right? Every investor or trader has a different strategy, even if hold when the market is falling like this is the wrong decision. every decision we take has the potential to be wrong because market conditions are difficult to predict.
Buying when the price has strengthened is reasonable but it does not rule out the possibility that it will be a bull trap and damage the strategy we have prepared and we must set up a new strategy to minimize losses or even turn losses into profits.

I have a defensive view when market conditions are not good, meaning that we will make decisions that we can make in times like these, although sometimes that decision looks wrong, but I think this is a step to secure our investment, regarding the purchase of coins in these conditions. strengthen that I will not do, because we are faced with a larger bullrun position to release the coin, this is speculative in my opinion, it is better to buy in a correction condition, then be patient until the next coin strengthens.

OK, zoom out, and what would you do if something that priced at $60,000 is not prices at @ a -50% discount, with the opportunity that it might give the buyer more discounts until 2023.
Those people during 2021 who wished they could go back to 2019/2020 to buy the DIP will be given a Golden Opportunity. Will you take it?

As I said before, we have to wait for this condition to return to the green line, what's the benefit of selling in a correction condition, because it is impossible for the market to continue in a correction phase like now, that's the opportunity we should take advantage of, because 2019/2020 we have Seeing what kind of development it is, I think it is to secure what we have, rather than take the risks that will be incurred.

[SirLancelot]

do you make decisions that are always right? Every investor or trader has a different strategy, even if hold when the market is falling like this is the wrong decision. every decision we take has the potential to be wrong because market conditions are difficult to predict.
Buying when the price has strengthened is reasonable but it does not rule out the possibility that it will be a bull trap and damage the strategy we have prepared and we must set up a new strategy to minimize losses or even turn losses into profits.

Only if the market movements were the same as before, I do not think predicting will be that hard but it changed now because right now there are now lots manipulators that have joined the game and this slowly breaks the system. This is why it is very important to have a multiple strategy aside from the strategy that you are doing now just in case things wont fall as planned.

More important is we should respect the decision of others because they made a good amount of effort just to came up with that plan. If you respect them they will also the do same. Remember that we are all in this together but our main enemy here are only the manipulators.

[StreakW]

I think for long-term investors the exit strategy is not a wise choice when the bitcoin price correction is taking place as it is today. If you believe in bitcoin fundamentals over the long term, a bitcoin correction as it is today is normal and healthy. Instead of complaining that the bitcoin price correction is very deep, you can actually use it to buy at a low price.

[palle11]

I think for long-term investors the exit strategy is not a wise choice when the bitcoin price correction is taking place as it is today. If you believe in bitcoin fundamentals over the long term, a bitcoin correction as it is today is normal and healthy. Instead of complaining that the bitcoin price correction is very deep, you can actually use it to buy at a low price.

Going away from dip by exiting isn't a bad strategy to cut off from lose because you don't know how far it can dip. So staying outside is another trading pattern that can allow you buy and start up afresh when the correction is done. That type of pattern will guarantee profit taken from top and profit sweeping from below.

[xmonkeyx]

I think for long-term investors the exit strategy is not a wise choice when the bitcoin price correction is taking place as it is today. If you believe in bitcoin fundamentals over the long term, a bitcoin correction as it is today is normal and healthy. Instead of complaining that the bitcoin price correction is very deep, you can actually use it to buy at a low price.

Going away from dip by exiting isn't a bad strategy to cut off from lose because you don't know how far it can dip. So staying outside is another trading pattern that can allow you buy and start up afresh when the correction is done. That type of pattern will guarantee profit taken from top and profit sweeping from below.

that's also with all risks, if you don't want to be patient of course it's a good choice to go out and choose another coin but sooner or later Bitcoin will recover like what happened in the past, by deciding to go out and choose another there is also no guarantee of getting a profit .
I prefer to keep buying for a while while the price is going down and waiting for the bull market to come again in the future, sooner or later it will come. I really believe that.

[arufox]

In the long term, staying away from trading when the crypto market is down, and choosing an exit strategy is wrong. because bearish situations are often the best time to increase your portfolio and hold your Bitcoins before returning to the uptrend of the next market cycle.

[Reatim]

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 is always our obligation to have an exit strategy actually this is something every place should have , because exit is the weapon we can have to keep safe our funds or lives.
so Yes I have exit strategy in all my investments , even in my stocks and in my real life business, i know when to continue and when to stop .

In the long term, staying away from trading when the crypto market is down, and choosing an exit strategy is wrong. because bearish situations are often the best time to increase your portfolio and hold your Bitcoins before returning to the uptrend of the next market cycle.

at least you understand this post yow?  why you will get out when there is a dumping not unless you are holding shit coins .

[Fredomago]

I think for long-term investors the exit strategy is not a wise choice when the bitcoin price correction is taking place as it is today. If you believe in bitcoin fundamentals over the long term, a bitcoin correction as it is today is normal and healthy. Instead of complaining that the bitcoin price correction is very deep, you can actually use it to buy at a low price.

Most of the time, Long-term investors keeps adding their assets when corrections take place, they are more on taking opportunities and not to let their chances of being passed-away, though there are also experienced trader who wisely do the short-term strategy, they cut their losses and re-try to buy back.

Not advisable for newcomer, panic mostly conquer they've minds when fear starts shaking them.

Ain't ready or don't have solid confidence with how they can take advantage with how the market will give them the benefits.

[the ghabbar]

I think for long-term investors the exit strategy is not a wise choice when the bitcoin price correction is taking place as it is today. If you believe in bitcoin fundamentals over the long term, a bitcoin correction as it is today is normal and healthy. Instead of complaining that the bitcoin price correction is very deep, you can actually use it to buy at a low price.

Most of the time, Long-term investors keeps adding their assets when corrections take place, they are more on taking opportunities and not to let their chances of being passed-away, though there are also experienced trader who wisely do the short-term strategy, they cut their losses and re-try to buy back.

Not advisable for newcomer, panic mostly conquer they've minds when fear starts shaking them.

Ain't ready or don't have solid confidence with how they can take advantage with how the market will give them the benefits.

Investors who use the long term as an investment strategy, usually have large capital, they are more likely to see correction conditions as the right step to make a purchase, in terms of their finances being prepared in any condition, in contrast to investors who adopt short term as an investment step. Usually, people like this don't want to be involved in risk, so they will decide to invest if things get worse.

Moreover, the condition of newcomers who do not have experience in carrying out investments, if panic cannot be controlled, then they will definitely take the wrong steps, as a result of which loss is something that will definitely happen, therefore, be careful in managing investments, both newcomers new or old.

[StreakW]

I think for long-term investors the exit strategy is not a wise choice when the bitcoin price correction is taking place as it is today. If you believe in bitcoin fundamentals over the long term, a bitcoin correction as it is today is normal and healthy. Instead of complaining that the bitcoin price correction is very deep, you can actually use it to buy at a low price.

Going away from dip by exiting isn't a bad strategy to cut off from lose because you don't know how far it can dip. So staying outside is another trading pattern that can allow you buy and start up afresh when the correction is done. That type of pattern will guarantee profit taken from top and profit sweeping from below.

If the goal is in the short term, a trading strategy like yours can be used to make a profit by buying when the price drops and selling when the price rises slightly from the initial capital issued. but I prefer in the long run by buying when the price is low and holding it then selling only when the price goes up 2x.

[batang_bitcoin]

In the long term, staying away from trading when the crypto market is down, and choosing an exit strategy is wrong.

It is an emotional battle when someone gets on the plan of having an exit in the market. We're now seeing debts of countries are increasing, inflation rates are also overwhelming. While those no coiners are looking for a way to invest into an asset that will make them recover from that. Some investors who are already in the crypto market thinking of their exit. Well, it's understandable and nothing last forever. But to think of it, and you're already setting your feet off the market. It's a decision that you may regret in the future. We're seeing a lot of changes in the market and being in here is already an advantage.

[OgNasty]

Having an exit strategy is important for sure.  Whenever everyone goes running for the exits it's best to already have your spot secured.  However, it can also be dangerous to be able to exit positions easily and quickly, as emotions can send you towards doing the worst thing possible and the wrong time.  Personally, I think exiting positions can be done slowly over a long period of time with proper diversification management and then there's no need to kick yourself for not selling a day later or earlier.  Many a fortunes have been lost trying to claw out that extra 1% while I'm sure few were built that way.  Just be smart.  Know your tolerance, and if you're having trouble sleeping because of an investment, it isn't worth it. 

[milewilda]

I think for long-term investors the exit strategy is not a wise choice when the bitcoin price correction is taking place as it is today. If you believe in bitcoin fundamentals over the long term, a bitcoin correction as it is today is normal and healthy. Instead of complaining that the bitcoin price correction is very deep, you can actually use it to buy at a low price.

Going away from dip by exiting isn't a bad strategy to cut off from lose because you don't know how far it can dip. So staying outside is another trading pattern that can allow you buy and start up afresh when the correction is done. That type of pattern will guarantee profit taken from top and profit sweeping from below.

If the goal is in the short term, a trading strategy like yours can be used to make a profit by buying when the price drops and selling when the price rises slightly from the initial capital issued. but I prefer in the long run by buying when the price is low and holding it then selling only when the price goes up 2x.

Depends on someones preference because trader could neither go for long term or short term but we couldnt avoid the fact that you could easily get 2x in short time if you do make out short trades.
The thing here is that it would really be hard and nothing simple thats why we do really commit out mistakes which is normal to take thats why it would really be depending on your own
preference and since not all would be having the same skills and knowledge thats why profitability will really vary on how someone would really engage out thats why
outcomes would be totally different.