Crypto exit strategies

[livingfree]

We don't literally have to exit the whole market, you've just got to exit at the right time and price if you're wanting to take some profits.

The most common strategy is by using stable coins so your profit will be there and you can reinstate to the crypto that you've got originally as you get back those cheaply.

Some people do mind off different way on how they would be treating up a
profit whether on a USD form or in a Coin form in terms of quantity.

Exit strategy is a must or setting up some selling points or target specially if you are going for short term then you should really be setting out these points.
If you do go for long term then this thing is irrelevant.

What matter most on here is on how we do make out some profits.No matter what kind of style or methods you would be using.

If in doubt then the best way to take profit is to get it those to a stable coin, any choice that you think is reliable to keep there for a while while you're still thinking on which form you think is the best to keep them.

But what most I know of is that everyone who's long into the market will convert those profits into a more reliable coin like bitcoin or ethereum or even BNB.

[Altryist]

If in doubt then the best way to take profit is to get it those to a stable coin, any choice that you think is reliable to keep there for a while while you're still thinking on which form you think is the best to keep them.

But what most I know of is that everyone who's long into the market will convert those profits into a more reliable coin like bitcoin or ethereum or even BNB.

You can fix profits in stablecoins, but in the end I will still use these stablecoins to buy bitcoin. Every time after bitcoin reaches new ATH it falls down and this period is good for buying bitcoin. When I buy bitcoin, I am confident in my investment and don't worry about what will happen next, until bitcoin starts to rise again and reach levels where I will be with a good profit.

[serjent05]

If in doubt then the best way to take profit is to get it those to a stable coin, any choice that you think is reliable to keep there for a while while you're still thinking on which form you think is the best to keep them.

Just avoid converting those to UST  .

But what most I know of is that everyone who's long into the market will convert those profits into a more reliable coin like bitcoin or ethereum or even BNB.

Others just recycle, they really don't exit the trades but rather wait for the market cycle to reset.  That is why we always hear the word, wash, rinse and repeat. That let me think, why do we need to exit a profitable trade when we can just wait and do the steps again in order to gain another batch of profits.

[palle11]

That let me think, why do we need to exit a profitable trade when we can just wait and do the steps again in order to gain another batch of profits.

But to my view I won't blame those who will exit even a winning market as you put it because for them it may be a target price for them to exit while for the public or another trader it may be an impatient decision but I understand that , for the best way to be safe in trading is to put a target point for your trade and not to be greedy. Price can do a reverse anytime. Take with the example of bitcoin two days ago was down to $27k but recovered to $32k few days ago also. Is better staying in profit than losses because profit no matter how small it is gives confidence and courage.

[famososMuertos]

Who is your source, let's start there, it is really the objective of post to help or search for traffic, it is essential for anyone who starts in crypto (any area) to know who tells you what, friend there are people who never in their life but It is that they have not even remotely handled a budget or even handle basic concepts such as volatility or what is Roi.

A reference like the one you have placed only seeks to lead to signup.  

 

[wheelz1200]

Usually, first-time crypto investors focus on entering the crypto market. But it is important for beginners to know how to exit the crypto market to take the maximum profit or save money.
Common strategies that beginners can use without specific knowledge are:

• A price target
  Dividing coins
  Dollar-cost average
  Exit by return
  Exit by cycle
  

There is more detailed info about exit strategies https://www.linkedin.com/pulse/crypto-exit-strategies-evbblock/
Do you know other strategies?

If the goal is to just "make money" off of crypto you probably will end up losing in the end.  Either price wise or opportunity cost.  One way or another greed is brutal in crypto.  Fine by trading in and out, but I don't think you actually need an exit strategy per se.

[coolcoinz]

I don't have an exit strategy and I don't feel that I need one. For me this is a very long game, meaning that I won't be selling my coins for another 10 years.
My plan is to hold as long as I can until I see 2 possible outcomes.
1. Bitcoin fails. Its code gets broken somehow by a supercomputer, a new virus manages to interfere with the network, I don't want to guess but there is a very small possibility that bitcoin will fail and start disappearing. A break in the 10 year trend line would also be concerning, like if somehow Bitcoin was to go below 10k USD this year, I'd probably consider my money lost and move on.
2. It becomes a worldwide store of value that countries start to hold along fiat and gold. It becomes worth at 300-500k USD a coin and I get to buy a house with just 1 BTC. In such case I'll probably start exchanging it to goods that will make my life better. Again, i don't need a strategy for that.

[Johnyz]

Who is your source, let's start there, it is really the objective of post to help or search for traffic, it is essential for anyone who starts in crypto (any area) to know who tells you what, friend there are people who never in their life but It is that they have not even remotely handled a budget or even handle basic concepts such as volatility or what is Roi.

A reference like the one you have placed only seeks to lead to signup. 

Most probably a promotional link, well the main topic here is about going out in the market so let’s just focus on that. I personally always have the target price and the cut loss price which is my basic strategy every time I invested in the market, I don’t know any strategy aside from this though I understand the cycle but I guess it will always depend on your own strategy regardless of the timeline in the market.

[Viscore]

I believe the most effective strategy for exiting the market is to set a target price.  While I don't see Dollar-cost averaging as an exit strategy, it is a strategy to lessen the average price of the token while accumulating a crashing token.  Another kind of exit strategy is a stop-loss strategy where we sell our holding at a loss while the market is crashing to avoid further loss of investment.


Oh btw, developers also have a crypto exit strategy called rug-pull which is also called exit scam

I guess all traders need not only best entry but also best exit. And as a trader, we can only make profits if our desired target price is achieved and sell our coins for huge profits. Otherwise, we will only need to make an exit because we are already losing. That's how stop loss is made. The rest of the strategies mentioned by OP are not really that significant. DCA is what i mostly used when i'm still in the market creating future profits, and i don't see it useful when you think of exiting the crypto market.

[Hamphser]

We don't literally have to exit the whole market, you've just got to exit at the right time and price if you're wanting to take some profits.

The most common strategy is by using stable coins so your profit will be there and you can reinstate to the crypto that you've got originally as you get back those cheaply.

Some people do mind off different way on how they would be treating up a
profit whether on a USD form or in a Coin form in terms of quantity.

Exit strategy is a must or setting up some selling points or target specially if you are going for short term then you should really be setting out these points.
If you do go for long term then this thing is irrelevant.

What matter most on here is on how we do make out some profits.No matter what kind of style or methods you would be using.

If in doubt then the best way to take profit is to get it those to a stable coin, any choice that you think is reliable to keep there for a while while you're still thinking on which form you think is the best to keep them.

But what most I know of is that everyone who's long into the market will convert those profits into a more reliable coin like bitcoin or ethereum or even BNB.

We are engaging on other coins but we do still end up on accumulating bitcoin or trying out to make more stablecoins to acquire more coins which are mostly sitting on top ranking in the market.

Exit while you still can because opportunity doesnt really come often thats why being wise and smart on making decisions is really that crucial specially on exiting the market.

You cant really just sit down and let those opportunities or chances slip away if you could really take advantage of it.

[qwertyup23]

We don't literally have to exit the whole market, you've just got to exit at the right time and price if you're wanting to take some profits.

The most common strategy is by using stable coins so your profit will be there and you can reinstate to the crypto that you've got originally as you get back those cheaply.

I agree with you- an exit strategy must be also considered a contingency plan where you would determine if it is the right time for the person to pull-out their investments in order to prevent further loss or to maximize profit.

This is one of those strategies where people took for granted. Despite cryptocurrencies being very volatile, they fail to create an exit strategy/contingency plan in case the price drops/increases. While a price increase is something that everybody wants, a price drop should be controlled as well to determine what % of your profits you are willing to lose in the process.

[Cookdata]

What is the point of buying when you don't know how and when to sell. If it's an Altcoin, I will exit a 100% profit + Capital as soon as I make some X of my investment, many of them are pump and dump coins with little value which after the first pump always find it difficult to go back again. They are only good for making cool quick cash, not good for none of the strategies you have mentioned except for 100% exit.
I may employ your strategy on bitcoin as there is always an assurance in long and short term that bitcoin always make new high compared to Altcoins, you don't have to worry much about it performance, that's why most prefer to continue to hold instead selling bit by bit.

[xSkylarx]

Do you know other strategies?

I don't know if it can be considered strategy but not being greedy on price targets should also be learned by beginners. Some crypto investors, even experts have difficulty to sell at their price target when that particular crypto is going parabolic, when that coin pumped 100%, they would not sell thinking that it could go 100% more. People should learn to not regret at selling on those pumps because crypto market is very volatile.

[livingfree]

You can fix profits in stablecoins, but in the end I will still use these stablecoins to buy bitcoin. Every time after bitcoin reaches new ATH it falls down and this period is good for buying bitcoin. When I buy bitcoin, I am confident in my investment and don't worry about what will happen next, until bitcoin starts to rise again and reach levels where I will be with a good profit.

Yeah, that's one purpose if you're for the long term. Eventually, you have to spend those accumulated stable coins for buying bitcoin at a lower price which is the best for holding.

Just avoid converting those to UST  .

Definitely!  

I doubt it that someone is still going to trust converting into those. The volume that it's getting right now are majority from traders.

Others just recycle, they really don't exit the trades but rather wait for the market cycle to reset.  That is why we always hear the word, wash, rinse and repeat. That let me think, why do we need to exit a profitable trade when we can just wait and do the steps again in order to gain another batch of profits.

It's the preparation that mostly do if ever the markets start to show some bearish sign again. There's a point of exiting if the bear market you probably are seeing will happen and going to stay for so long.

But yes, even the market goes on bear, there's ample opportunities that we can see from it.

We are engaging on other coins but we do still end up on accumulating bitcoin or trying out to make more stablecoins to acquire more coins which are mostly sitting on top ranking in the market.

Exit while you still can because opportunity doesnt really come often thats why being wise and smart on making decisions is really that crucial specially on exiting the market.

You cant really just sit down and let those opportunities or chances slip away if you could really take advantage of it.

Everyone will learn that taking profits and leaving it for a stable coin that they're trusting does matter. Or even by just plainly taking profits and going away and then will be back some other months is also what they have to realize.

Once we go on bull again, everyone will take their profits and won't let it pass if they've missed taking those before.

[jostorres]

I am pretty sure there are a large vast of people out there who have no exit strategy because they basically blow their entire accounts. Same goes with stocks.

Most people make deposits from fiat into crypto and stock exchanges and usually never actually withdraw any profits, some might withdraw their remaining balance but there are some that never withdraw anything because there is nothing to withdraw.

Usually it’s due to leverage trading or if you are trading stocks then it’s due to options trading.

Or they have an exit strategy where they literally exited out with a profit but then they came back and blow out everything. I know this happens a lot of times when playing a gambling but I am sure that the same thing can also happen when doing crypto trades or even investing. Whether they will use stocks, crypto or anything else but if they have that same mindset which is being greedy then an exit strategy cant still help them because they will always comeback on the game in the hopes of earning more profits.

@OP they will still need to have a specific knowledge because how can they possibly know if how low or high the price of the coin can go? And how will they know if which coins are better for them?

[KingsDen]

I respect that you are trying to get people to visit the link you put or follow you, but you need to write some words to make your post meaningful, at least an explanation
Dividing coins
Dollar-cost average
Exit by return
Exit by cycle

Exactly my thought. A one sentence keywords explanation of the above exit strategies maybe in his own words would have added cool spice to the post before adding links.
Personally, I am that user that is always reluctant of visiting links because it takes me away from the forum, which is what I don't like. Again, I don't visit likes if someone indirectly or directly asked me to. I only visit links when the post I'm reading interests me and I feel like going for deeper knowledge or research.

[babygun]

What is the point of buying when you don't know how and when to sell. If it's an Altcoin, I will exit a 100% profit + Capital as soon as I make some X of my investment, many of them are pump and dump coins with little value which after the first pump always find it difficult to go back again. They are only good for making cool quick cash, not good for none of the strategies you have mentioned except for 100% exit.
I may employ your strategy on bitcoin as there is always an assurance in long and short term that bitcoin always make new high compared to Altcoins, you don't have to worry much about it performance, that's why most prefer to continue to hold instead selling bit by bit.

You would be surprised on how many people don't have any strategy when to sell. I don't have an exit strategy but I have set up selling limits on most of my altcoins. I always try to cash in a fraction whenever the price goes higher and higher. Taking profit is always a good idea!

[Smitty Werben Man Jensen]

What is the point of buying when you don't know how and when to sell. If it's an Altcoin, I will exit a 100% profit + Capital as soon as I make some X of my investment, many of them are pump and dump coins with little value which after the first pump always find it difficult to go back again. They are only good for making cool quick cash, not good for none of the strategies you have mentioned except for 100% exit.
I may employ your strategy on bitcoin as there is always an assurance in long and short term that bitcoin always make new high compared to Altcoins, you don't have to worry much about it performance, that's why most prefer to continue to hold instead selling bit by bit.

You would be surprised on how many people don't have any strategy when to sell. I don't have an exit strategy but I have set up selling limits on most of my altcoins. I always try to cash in a fraction whenever the price goes higher and higher. Taking profit is always a good idea!

What you are doing in my opinion is correct and everyone needs to see an opportunity to make a profit,
we have to take advantage of the opportunities that exist and it's a shame if we just pass them by,
but maybe you need to study and at least find a strategy that suits you

[iv4n]

I respect that you are trying to get people to visit the link you put or follow you, but you need to write some words to make your post meaningful, at least an explanation
Dividing coins
Dollar-cost average
Exit by return
Exit by cycle

Exactly my thought. A one sentence keywords explanation of the above exit strategies maybe in his own words would have added cool spice to the post before adding links.
Personally, I am that user that is always reluctant of visiting links because it takes me away from the forum, which is what I don't like. Again, I don't visit likes if someone indirectly or directly asked me to. I only visit links when the post I'm reading interests me and I feel like going for deeper knowledge or research.

I guess there is no harm when you are checking the Linkedin link! Don't get me wrong, I don't click any link just like that... it's like some places are safe, and you can't make a mistake by clicking them!

I checked the link, and there's nothing more to be seen... What OP shared is pretty much that what we can see in that Linkedin post! Some general description of some strategies that can be useful, but to be useful you need to know many other things like which coins to choose, how to learn to recognize cycles and upcoming changes, bankroll management... simply said there are too many factors to consider!

Respect for people who said they don't need any exit strategies! I guess we are holding to some coins we believe in, and their price can go up and down, and we can have fun with scalping and trying to make more coins... but in the end, we always have a stash of some specific coins and we are looking for ways to grow it, but more than that we believe in them in it's why we holding them!

[sana54210]

If in doubt then the best way to take profit is to get it those to a stable coin, any choice that you think is reliable to keep there for a while while you're still thinking on which form you think is the best to keep them.

But what most I know of is that everyone who's long into the market will convert those profits into a more reliable coin like bitcoin or ethereum or even BNB.

You can fix profits in stablecoins, but in the end I will still use these stablecoins to buy bitcoin. Every time after bitcoin reaches new ATH it falls down and this period is good for buying bitcoin. When I buy bitcoin, I am confident in my investment and don't worry about what will happen next, until bitcoin starts to rise again and reach levels where I will be with a good profit.

You do not have to, that is the case. You could have exchanges that use directly the fiat itself, and not a stablecoin and you wouldn't need to use stablecoins for that reason. You could get in and out of crypto without withdrawing money to your bank account, it would be in your exchange and that would be fine, if you ever want to move money, you could move from one exchange to another like stabelcoins, but this time real ones. That should be the way how the future is, not this stablecoin version, makes no sense to have this.

I hope that with things like CBDC or whatever it is going to be called, we are going to actually have something like that.