The exit plan

[lovesmayfamilis]

I think that every investor has a certain price target for when he will take profits. But for all Bitcoin lovers, the exit from investments will certainly not be the last and complete. I can say about myself that I can periodically withdraw a certain amount if the need suddenly arises, but after that, I will buy more if possible so as not to remain at a complete zero.

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[Bitcoin_Arena]

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

Are you trying to imply that greed is something artificially ingrained into humans? If yes, then you are totally wrong. Greed is a trait just like being a cheat or a dishonest person. The only difference is that in this case it's greed towards money and not food or power, and the more people make money, the more greedy they become towards it. It's the bitter truth.

If one was to ever get satisfied with what they have made, then we wouldn't have 50-year-old Billionaires who by our standards have ultimately made it in life still trying to make more money, and yet they barely have 30 years left to live.

[Jawhead999]

What's exit plan? if you're a Bitcoin investor, you wouldn't exit in this space because you're invest for long term purpose and even though Bitcoin price already hit your goals, you shouldn't sell all of your coins as the price could go more higher and higher.

Bitcoin maximalists might would never exit because they trust most of their wealth in Bitcoin. Bitcoin is one of the most unique to store a wealth rather than the other thing that related with centralization.

[pawanjain]

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.

It's good to know that you are concerned about your exit plan because it is one of the biggest mistakes I have done in my crypto journey.
One should definitely have an exit strategy and keep selling to buy back later and increase the portfolio size.
I didn't had an exit plan in my mind and this made me lose 2 big opportunities to make a great profit.
I have seen 2 bull cycles yet I didn't sell anything but this time I do have a plan and will make sure to take profits consistantly.

[CryptocurencyKing]

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).

That's one way to approach the gentle enquiry from a curious fellow but I think, the user is asking because he or she doesn't know and wishes to know.
Even still like nakamura12, the OP wasn't very specific on what he or she meant by an exist strategy. If the term was defined, there wouldn't be much complications understanding but as it is,

What I can deduce is that, your taking about the moment when you feel is right to take profit on your investment or while doing some active spot trading.

As a trader, you've got to have a trading plan and that should be enough go define the point at which, you leave the market either on profit or lose.

[Mpamaegbu]

I like to do 70% – 90% off the table once I get into appreciable profit. I use this pattern of taking when I know it's not just a pump and dump project and I know the market is in a bull rally. It's a gradual process for me like starting with 30% first and then I continue as price progresses. My reason being that even if price continues upward after I take first profit I won't loss out completely and if it dumps too I won't loss out completely. Yes, I know the human nature and greed when the market is in a bull rally and the temptation to allow trade roll on. Meandering through all that should form trading and investment experiences of veterans and they shouldn't yield to greed based on that.

[BD Crypto]

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 most effective exit plan is to control your Greed. When you have your desired profit and market is too greedy then it's the perfect time to exit from the market and then should wait for the perfect entry point again.

Actually exit point is defined differently among the long term investors and the short term investors. So you have to choose your definition as what you want. If you want to maximize your profit then enter in bear market and exit at the peak point when you observe that market is pumping blindly and there should be a correction. So a little learning about analysis should have to make your own exit point. Hope you got it.

[Jon_Hodl]

First of all, it's bitcoin ONLY. Stay away from shitcoins.

Second, the best strategy is to stay humble, stack sats, and save them for at least 5 years for a short-term hold, 10 years for a mid-term hold, and decades for a long-term hold.

If you are able to save some bitcoin to pass along to some loved ones who will come after you, then you stand to set them up for a future that is so prosperous, that you might be able to build them the foundation for a legacy of freedom that will last generations.

[Wapfika]

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.

My typical exit plan is to slowly sell my holdings once a historical wall or new all time high is already reach and failed to move further above it. Unload slowly when you are in profit so that you can guarantee profit no matter what’s the next movement of the price. Don’t be greedy on holding because selling on profit while the price keep increasing is still better than selling your token on low price at loss.

Sell when everyone is buying and buy when everyone selling. Just focus on your main target which is being in profit and not to ride every pump in crypto because that’s a very hard goal to follow.

[CryptopreneurBrainboss]

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.

I don't have an exit plan, I thought I did initially but at the rate at which I'm investing money into Bitcoin, I don't think I can ever execute any exit plan of selling all my bitcoin and exiting the market. I'm in for the long ride, I want to be in Bitcoin until the very end like when all the minable coins has been exhausted and then continue being in Bitcoin probably until I die and pass it on to my children by giving them access to my private key through a will by my trusted lawyer. I don't just see myself doing something else that has nothing to do with Bitcoin or the crypto industry. I want to have most of my wealth in Bitcoin and can occasions sell some to take care of things when there isn't spendable money from my other assets or businesses.

When I say I don't have an exit plan I mean I don't intend selling all my bitcoin holding. But it doesn't mean if I need money I won't sell some Bitcoin to generate that money that I needed. I know it isn't wise to have all your investment in one assets but what's there to trust another investment when they aren't as perfect as Bitcoin is. Other investment aren't as satisfactory as investing in Bitcoin but they're controllable by the government. There's a saying contradict the popular saying of not putting all your eggs in one basket and that's the code I want to live by.

[Cookdata]

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 is no one-size-fits-all approach when it comes to holding Bitcoin. Several Bitcoin investors have held onto their Bitcoin for over a decade and continue to hold it, even as I write this. The reason behind their decision is that they have no intention of selling any portion of their Bitcoin holdings. On the other hand, some investors sold their Bitcoin when they achieved their desired target. Whether or not you should sell your Bitcoin is a question that only you can answer. It is not something that another person should advise you on. It is your investment, and it is your responsibility to decide when to sell based on your satisfaction with the profit.

Let's say for example, you bought a full Bitcoin some months back around November last year and you bought when the price declined to $15k, you should have roughly a 50% profit by now, some people will sell at this point and some might wait until a new ATH has been broken, you should know when you are satisfied when you have had enough.

[Maslate]

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? 

You’re on point mate. The truth is the term exit plan only exist in the books because in reality when an investor is on the peak of making profits, he will never perform an exit plan but will continue to invest instead and  long for bigger profits. As man has no satisfaction because of its greed and desires, then expect that a regular investor will never resort into an exit plan as long as he’s still capable for bigger profits.

[yudi09]

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

Be patient and don't keep pushing. The exit plan is quite simple using the dollar cost averaging method and it's a very basic strategy in measuring and analyzing basic technicals behind many other strategies that most great investors might do.
The market is preparing for a fortress run as the current developments are starting to look good enough to continue to hold on to the assets already in the portfolio, if the current budget is enough to buy then this is still a good opportunity to add to the portfolio.

[summonerrk]

I think you mean a savings plan. In my understanding, this is when you accumulate a certain amount of cryptocurrencies or stable coins and can live on them without ever working again. It means to live on interest from them. And there are plenty of ways to make money from large sums: all of them, even if not very profitable, are very reliable, which is very important for large amounts. Such types of earnings can be considered, for example, in the Binance earn.

[Botnake]

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.

I would not totally say an exit plan because the fact that I can still see opportunities to make profits by buying low and selling high right after I made my prior profits, then most likely I will just stay in the market and continue to maximize my portfolio with bitcoin investment. I guess a lot of investors will prefer doing that than just leave the market instantly when it’s not in good shape anymore.

[michellee]

Once you have invested in Bitcoin, you must consider when to start selling your Bitcoins. So far, I've been trying to sell my Bitcoin at the highest price and did it at the ATH price yesterday. And after that, I'm trying to buy some more Bitcoin with that profit, use it, and keep the rest for my life.

And before the next increase arrives, you can still do DCA, namely buying Bitcoin regularly to have lots of Bitcoin. And when the Bitcoin price increases sharply this year, next year, or even in the next 2 years, you are ready to sell it at the new ATH price. But you must understand that holding Bitcoin will never be easy because negative news can make you panic.

So you have to prepare the way out you want and never follow other people's advice if you don't fully understand it. You better set yourself up based on your analysis so you will feel satisfied with your decision.

[Dr.Bitcoin_Strange]

I made some profit with Bitcoin during the bull run (2021), and the truth is that I sold all my Bitcoin quite early, even before it got to ATH. The lesson learned is that it's not very wise to sell everything you have when the price of Bitcoin is uptrending during the bull market unless you have a target price that you have already planned to sell off, but even if you have that target price, it's good if you still hold some Bitcoin, so that if the price sees more uptrend, you would still have what to sell and make more profit.



Cheers 🥂, Dr.Bitcoin_Strange 👺👺

[$crypto$]

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

I don't plan to get out of investing in bitcoin but I always have a sell target for the next one and I will take some profit of course it won't sell all holdings but at least when ATH comes back I plan to sell 80% and when the bitcoin price is corrected again and it's normal this often happens after ATH, so I started accumulating from low prices, of course, buying on a defensive basis or using the DCA method.

[Rengga Jati]

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.

Actually I am not an experienced investor, but here is my sharing.
The exit plan in this case is forever or is it just one strategy in a certain cycle or season? If it's forever, I think I don't expect this because to be honest I've fallen in love with crypto and hope that I will continue to be in the crypto business which is increasingly worth it This. However, if what is meant is an exit plan in certain situations in crypto investment, it seems that I have a bit of that that is included in my strategy. One of them is to continue holding certain cryptos, especially Bitcoin for a while, until finally I find the target price that I want. Usually, there will be several signs in a certain era, in this case a bullish era, where the target price that we expect is likely to be appropriate or not. Therefore we need to focus and analyze at that moment. And when it reaches the price (either all in or through several price targets), then I will take profits from my investment. Because I learned from the past during the bullish era, I was too greedy so I hoped that prices would continue to soar, whereas in reality it was not like that. Therefore, this is my exit plan at that moment later. After that, there will be several more strategies to start investing again with some preparations when the market drops. And do the same process as before with some evaluation.

[freedomgo]

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.

I usually stick to the basic of buying low and selling high. When I see opportunities to make profits, then I take part in selling some coins and just buy back again when prices have declined. That is not something new to discuss but it’s always the most effective strategy for me. No need to resort into other exit plans, as long as you are comfortable with it and it’s somehow reducing the risk of losing, then I’m settled with that.