The exit plan

[Forever101]

As a crypto investor that desire to make huge profit through Cryptocurrency, there is 100% need to know what exit plan is and how to effect it appropriately. I know most of us are not too experience in the Crypto line and it is best to learn from those with this experiencial knowledge.

To all experienced Bitcoin investors, kindly share your experience with us, let's learn and become expose to the reality and strategy before the next bull run. This is another means to help young investors like us.
What are your exit plan and what exit plan have you used that work well for you.

[nakamura12]

I am not an investor but if you want other people to share their exit plan, I think you should also share yours as I think there are some people who doesn't know what exit plan is when they are doing it (newbie investors if I am not wront). I don't know if I am correct that some investors especially new ones doesn't know about it (my guess is because they doesn't have good knowledge about investing yet) because they are new and guidance from experts would be great for them. If you are a young investors then it would be helpful and much easier for experts to know of your exit plan is good or not.

[BitMaxz]

The exit plan is when you already made a profit if you force yourself to maximize the profit that is greed that can turn your profit into a negative.
Better learn both technical and fundamental analysis it will help you to predict when to buy and exit and take note DCA also works when there is huge bad news like what happens to two exchanges about sec and exit when the price touch to $31k you can notice this by reading the 14days chart.

If you want to learn about FA and TA check this source "Awesome Crypto Trading" You can also find most of the tools that you can use to analyze the market.

[Bitcoin_Arena]

Not sure if you know what they call human greed when it comes to money, but sorry to disappoint you, most humans don't have any exit plan even when have everything or when they know that they won't live forever. I mean, let's take live examples. Elon Musk, Warren Buffett, Jeff Bezos or Bill Gates, do they look like people who have already executed their exit plan despite having Billions of dollars we can only dream of? 

[Upgrade00]

Check out this thread - https://bitcointalk.org/index.php?topic=345065.0
It is a sane and simple savings plan which also covers the important point of how to sell.

It is a savings plan, not an exit plan. I don't think anyone who is really into Bitcoin at this point plans to completely exit in the distant future.

[LogitechMouse]

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What are your exit plan and what exit plan have you used that work well for you.

Just make it simple. Dollar Cost Averaging on selling is my plan.
Simplifying every thing for me gives me lesser stress. After all, that plan is working both on buying, and on selling.

How? Just put a target selling price where you are contented enough to sell all or a percentage of your holdings once it reaches that price. For me, my initial selling prices are $70,000, $85,000, and $100,000 for Bitcoin. I think I'll be contented enough to sell my holdings once it reaches that price. Of course I will keep some Bitcoins as well for long term, but once the bull run starts, I will be patiently waiting for that price to be reached the I will sell.

I know we have different strategies when it comes to investing in cryptocurrency, but I have other plans that's why I plan to sell it during the bull run a few years from now (maybe). I still didn't use that plan that I shared, but I know that it will work for me because after all, when it comes to selling, as long as you're good with the profits that you have then there's nothing wrong with it.

[jasonjm]

As a crypto investor that desire to make huge profit through Cryptocurrency, there is 100% need to know what exit plan is and how to effect it appropriately. I know most of us are not too experience in the Crypto line and it is best to learn from those with this experiencial knowledge.

To all experienced Bitcoin investors, kindly share your experience with us, let's learn and become expose to the reality and strategy before the next bull run. This is another means to help young investors like us.
What are your exit plan and what exit plan have you used that work well for you.

The exit plan that worked for me was to set a target to sell my coins. Initially, I missed many market pumps because of my greed for more profit.  As a result, I lost a handsome amount of money, and a few coins were even wiped out from the market.
So, it is important to learn some technical and analytical skills for earning good profit.

[Don Pedro Dinero]

My exit plan, if we can call it that, is partial. In the same way that I continue to accumulate bitcoin little by little, in the next cycle I will sell part of what I have when we are in the middle of the bull market, beyond $100,000. Even if I had accumulated an amount of bitcoin that I considered sufficient and did not want to buy more, I would sell small parts of my stash at certain times and keep the rest, as I expect bitcoin to continue to rise in value for a long time.

[mamesso]

The exit plan is one of the main strategies for investing in Bitcoin or other Cryptocurrencies to achieve planned profits. Technical analysis is needed as the main weapon that can help investors understand chart analysis and quantitative trading indicators, price movements and trading volumes need to be used to measure market momentum and asset price volatility so that they can quickly make decisions when entry signals and exit signals appear. You can change long-term investment strategies into short-term after understanding chart analysis, when the profit you get meets the desired needs, you can safely exit at any time, then you can enter again when the market drops.

[Faisal2202]

As a crypto investor that desire to make huge profit through Cryptocurrency, there is 100% need to know what exit plan is and how to effect it appropriately. I know most of us are not too experience in the Crypto line and it is best to learn from those with this experiencial knowledge.

To all experienced Bitcoin investors, kindly share your experience with us, let's learn and become expose to the reality and strategy before the next bull run. This is another means to help young investors like us.
What are your exit plan and what exit plan have you used that work well for you.

From my understanding of your post, you are asking when to book profit or harvest holding. right if that's the case then i recently shared my experience with a member (OP) who created the same topic but in a different way.

• What is the best opportunity to harvest your hodl results?

i hope this might help you, but let me share my idea here too, which is exit plan depends on the sensitivity of the market's sentiments like if you are holding BT for like from 2022 and wants to sell your holding now or maybe when BTC will reach $35k or $40k, instead of waiting for more like about 1.2 or 2 years for the next bull run.

where you could book more profit because you had bought the BTC when it was below $20k. So the profit ratio will be more. All you need is a better understanding of the market so the exit plan now is a dumb move to bear the pain so exit plan mostly are case sensitive.

[Andrija Branislav]

This depends on each individual and may continue and even leave. If you are comfortable and have profit in investing here, I think why go out. However, if there are reasons that are urgently important or because there are other work contractual ties that cannot be avoided and require serious monitoring, I think it is reasonable to leave temporarily. There is always an opportunity for sure in this room.

[Asuspawer09]

As a crypto investor that desire to make huge profit through Cryptocurrency, there is 100% need to know what exit plan is and how to effect it appropriately. I know most of us are not too experience in the Crypto line and it is best to learn from those with this experiencial knowledge.

To all experienced Bitcoin investors, kindly share your experience with us, let's learn and become expose to the reality and strategy before the next bull run. This is another means to help young investors like us.
What are your exit plan and what exit plan have you used that work well for you.

One of the most important things in trading is having an exit plan, most beginner trading straight up investing in cryptocurrency without knowing the importance of having an exit plan for your trade. When buying cryptocurrency your gonna need to always set your target, I mean if you're just going to buy/invest in it and then just let it rest for years you're probably going to earn at some point but you don't utilize the cycle of the market and maximize your profit on your trading. Also, it wasn't easy to see your investment drop at some point, so it always best thing to take profit every time you're going to have the opportunity, you could have some predictions thinking that it might reach a certain price but always remember to set your price and know which to take profit because getting greedy could just make you lose money in the end. The best thing to do is just to buy every time you have the opportunity or something like dollar cost average is a good start.

There was no point on investing if you're not going to sell in the end if you just want to HODL your investment forever that would not make sense, unless your already have a lot of money that could sustain you or buy whatever you want, your just investing for the future of your sons or family.

[cryptoaddictchie]

As a crypto investor that desire to make huge profit through Cryptocurrency, there is 100% need to know what exit plan is and how to effect it appropriately. I know most of us are not too experience in the Crypto line and it is best to learn from those with this experiencial knowledge.

Buy low sell high. This is the typical idea for an exit plan. That means you just buy a token or coin at certain level hold it for a while and sell either its 2x 3x 10x or more. Depends on your level of apetite. This is quite risky, especially if you are a newbie however, a medium tier risk taker could gain a lot as long as you arent greedy or willing to risk some of your money. Dont be so confident, it could also weigh a loss on your end but thats on you to take in.

[m2017]

As a crypto investor that desire to make huge profit through Cryptocurrency, there is 100% need to know what exit plan is and how to effect it appropriately. I know most of us are not too experience in the Crypto line and it is best to learn from those with this experiencial knowledge.

To all experienced Bitcoin investors, kindly share your experience with us, let's learn and become expose to the reality and strategy before the next bull run. This is another means to help young investors like us.
What are your exit plan and what exit plan have you used that work well for you.

The problem is that those who have experience are reluctant to share it with others, especially beginners. Why should they do it? To multiply competitors? All information that relates to earnings, profits and benefits, no one will ever disclose. Therefore, working schemes always remain hidden from prying ears. This applies not only to investing, but also to various professional subtleties. No self-respecting specialist will reveal the specifics and nuances of his profession to others, because this is primarily a source of his income. This is possible only in relation to the heirs.

So, dear friend, you will have to study, search, try strategies for the next bull run and gain your own experience. There is another point. There are no universal strategies of behavior either, and therefore, working schemes for some will be completely useless for others. Look for your path.

Those tips that will be voiced to you will be of a general nature and will not contain really valuable information.

[Die_empty]

As a crypto investor that desire to make huge profit through Cryptocurrency, there is 100% need to know what exit plan is and how to effect it appropriately. I know most of us are not too experience in the Crypto line and it is best to learn from those with this experiencial knowledge.

To all experienced Bitcoin investors, kindly share your experience with us, let's learn and become expose to the reality and strategy before the next bull run. This is another means to help young investors like us.
What are your exit plan and what exit plan have you used that work well for you.

There are different types of exit plans. Some might attach their investment to a particular project. Maybe someone might be investing because he wants to buy a house. Immediately the price of the coin gets to the price that can enable him to buy the property, he would sell it without considering how high it will go in the future.

Another strategy could be that the investor will wait for the completion of an investment circle. An example is the four years halving period of Bitcoin. One can buy and expect to sell at the end of a circle.

Investors can also choose to exit the market based on returns. One can target a particular profit margin and sell off immediately it gets to the price. Such investors don't care if the price goes high or down after selling.

My plan is a hybrid of the three exit plans. I have attached a project to my investment, If need be I will gladly wait for the halving season and if it gets to a certain price before the halving period, I might consider selling.

[uchegod-21]

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What are your exit plan and what exit plan have you used that work well for you.

Just make it simple. Dollar Cost Averaging on selling is my plan.
Simplifying every thing for me gives me lesser stress. After all, that plan is working both on buying, and on selling.

How? Just put a target selling price where you are contented enough to sell all or a percentage of your holdings once it reaches that price. For me, my initial selling prices are $70,000, $85,000, and $100,000 for Bitcoin. I think I'll be contented enough to sell my holdings once it reaches that price. Of course I will keep some Bitcoins as well for long term, but once the bull run starts, I will be patiently waiting for that price to be reached the I will sell.

I admire your exit plan and its unique. It is a refined version of my exit plan. I had always decided that immediately there is a new ATH, I'll exit the market and wait for another cycle. But I recieved an advice from the trading board which suggested that I shouldn't exit the market immediately there is ATH.
This is because the market may keep trending upwards and I will simply die in regrets.

The adviser said I should exit the market in percentages, let's say at 70k I withdrawal 30%, and 80k, I withdraw 50% and then I can exit finally at 100k.
This is exactly what you have said here.

[tabas]

As a crypto investor that desire to make huge profit through Cryptocurrency, there is 100% need to know what exit plan is and how to effect it appropriately. I know most of us are not too experience in the Crypto line and it is best to learn from those with this experiencial knowledge.

To all experienced Bitcoin investors, kindly share your experience with us, let's learn and become expose to the reality and strategy before the next bull run. This is another means to help young investors like us.
What are your exit plan and what exit plan have you used that work well for you.

If you believe that this market is still young then there's no exit plan but that doesn't mean that you won't take profit, so distinguish those two things. Because if you're looking at the market and you're very optimistic that you're one of the many that shall benefit on it in the long run, you won't think of an exit plan but maybe for many bitcoin holders, a $500k-$1M worth of Bitcoin is the exit plan and that's when many are going to sell bunch of their Bitcoins. But as of now, there's really no exit plan. Take profits when you're ready and happy but do not forget to accumulate when you see some good entry prices and you've got money to spend.

[CODE200]

Not sure if you know what they call human greed when it comes to money, but sorry to disappoint you, most humans don't have any exit plan even when have everything or when they know that they won't live forever. I mean, let's take live examples. Elon Musk, Warren Buffett, Jeff Bezos or Bill Gates, do they look like people who have already executed their exit plan despite having Billions of dollars we can only dream of? 

The figures that you've mentioned are an exception though, I disagree with your implied thought that humans are greedy by nature because that can't be true, a perfect analogy for this is a circus elephant, just because you see it doing tricks doesn't mean that it's nature is to do it's tricks. We are a product of our environment, we are surrounded by sin so our mindset is leaning towards sin. I do agree that a lot of people don't have an exit plan, trading is addictive especially if you're winning so going out of the game seems kind of irrational that you don't think about it anymore and then you start experiencing losses that you don't know what to do anymore because you didn't think about any exit strategy.

[Dunamisx]

As a crypto investor that desire to make huge profit through Cryptocurrency, there is 100% need to know what exit plan is and how to effect it appropriately. I know most of us are not too experience in the Crypto line and it is best to learn from those with this experiencial knowledge.

I think it's more better and save to look before leaping, you're not expected to make investment with some cryptocurrencies if you have not taken your time to investigate well on them and be well satisfied on the results gotten from your findings because before one could use the exit plan the crypto project would have gone down completely to a no return zone, they don't notify before and after having serious issues that would have led to their complete fall and take away all investors asset together with them to downhills.

This is another means to help young investors like us.
What are your exit plan and what exit plan have you used that work well for you.

Buy the dip, hodl and sell, have enough time to invest using DCA to avoid high lost in times of bear market, make use of a decentralized wallet to hodl your bitcoin, learn about bitcoin investment strategies and get used to them, do not invest on other cryptocurrencies than bitcoin as a beginner except you're knowledgeable enough about other cryptocurrencies.

[Z390]

Even those that have an exit plan hesitate once Bitcoin reaches a new all-time high, they always want more and are not satisfied with what they have presently, this has happened to many people in the crypto space before and only those that learned from the lesson will be able to take actions when their ROI keeps growing and growing.

I plan to start taking profits once Bitcoin gets over the past ATH of 69k of 2021, and for my alt bags I will watch the dominance of Bitcoin, it has to start falling before I will start selling my altcoins one after the other, and it's not something I will rush to do, because some people also sold too early in 2021, you accumulate from time to time right? You should take profits from time to time too.