Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Hamza2424 on July 07, 2024, 10:39:05 PM
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Hi, fellow Bitcoiners,
I’d love to hear your thoughts on a couple of topics. While we often discuss accumulation strategies, having a solid exit plan is equally crucial. Without an effective exit strategy, all your hard work in accumulating Bitcoin could go to waste. Below are a few general questions—feel free to share your views! I'll drop my views and strategy while replying to most of the posts.
⭐ What are your exit plans for this cycle? (As profit booking is necessary for an investor)
⭐ How long do you think this cycle will take in conclusion?
⭐ What can be the optimistic TOP?
Note:
I thought there was a need for new topics and discussions in different directions, as most of the topics are recurrent, so for the sake of information and community views i think it's a good idea to have regularly new topics.
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Ideally, you'd want to sell all your bags at the top but that rarely happens. The aim is to sell a portion at different stages by the end of the year until January/February next year because that is the time most people expects the market will peak. There could be some changes/adjustments along the way but that is the general plan. This is not a financial advice.
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You will not find a perfect plan that works for everyone, so each of us must have his own plan based on his circumstances, investment plan, taxes, age, social and economic status, and the younger you are, the better it is to leave some Bitcoin untouched for +10 years.
The best plan, in my opinion, is to sell 50%-70% of what you own at a price of $140,000 to $180,000 and then buy again at a price of $70,000 to $80,000.
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The exit plan varies from one person to another depending on the circumstances and conditions of each person. Some people have the ability to go all the way, but some are unable to do so, so they may find an early exit plan.
But in general, for me, achieving a profit of 100-150% would be a very good thing. This means that if I bought Bitcoin at a price of 35-40K$, it would be very appropriate for me to sell it at a price of 100K$. If your conditions are good, you can sell 50% at a price of 100K$ and hold The rest until the price reaches 150K$.
In general, I prefer the exit strategy to be at different price stages, just like the DCA strategy.
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Hi, fellow Bitcoiners,
⭐ What are your exit plans for this cycle? (As profit booking is necessary for an investor)
not planning to have an exit plan for this cycle mate as I am looking for another entry to buy more and keep holding , i trust this market will soon be bringing me the flavor and taste I am looking for keeping my funds onhold up to now.
⭐ How long do you think this cycle will take in conclusion?
at least before the year ends? or in the beginning of 2025.
⭐ What can be the optimistic TOP?
no Idea actually and I don't give a care now because all i care now is to keep having my funds inside my wallet andm hold.
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Some of us have bought Bitcoin since the previous cycle, or at prices less than $40,000, so any price above $100,000 is a gain from my theoretical point of view, and it is a sufficient profit if you are thinking about reinvesting in Bitcoin again.
Whoever buys Bitcoin at a price above $80,000 will have to risk waiting until Bitcoin rises to levels above $100,000 or even $200,000 to achieve the same return. the cheaper you buy, the higher your chance of making a profit.
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If you are talking about investing in Bitcoin then I will exit from now on when I have at least 50% profit from my investment and wait for the price to drop again. Investing in Bitcoin can make good profit without any risk just by using some strategies. I would not say that investing in Bitcoin is totally risk free then it would be financial advice. Only those who can wait until their target is met without panicking can benefit from investing in Bitcoin. And for panic investors and panic sellers, investing in not only Bitcoin but all other crypto coins is high risk.
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You will not find a perfect plan that works for everyone, so each of us must have his own plan based on his circumstances, investment plan, taxes, age, social and economic status, and the younger you are, the better it is to leave some Bitcoin untouched for +10 years.
That's the thing there are so many different things in this equation a plan good for somebody will be really bad for others, not everyone can wait 10 years, not everyone needs that money that much, and most importantly it comes to the size of the stash.
Somebody who is upper middle income with a few coins would not really care about a 10-20% swing but someone who has quit his job for this and got loans to buy in might have a different opinion.
Also, why do we talk about "exit" strategies, converting back to fiat seems like ....treachery? ;D
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My only exit plan is to sell at peak as that is what we are aiming for to make profit. With proper knowledge on anticipating when to take profit we will get the best return of our investment but sometimes we are a little late for some reason and sometimes we end up cutting loses when things turns against our bias. Not all the time we can guess where the market is going but if we have this working strategy I think we can still be profitable regardless of market condition.
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~snip~
Also, why do we talk about "exit" strategies, converting back to fiat seems like ....treachery? ;D
Some might call it "treachery", but if we consider that some people live in countries where BTC is banned as a currency, and that they invested their money to make a profit, then from their perspective it really seems stupid not to sell at the right time for them. Some others who are in a more comfortable position in life and do not need money certainly have a different strategy, which is to sell only a small part and save the rest for the future.
There is always a risk when you have a significant amount of funds in BTC, but for me personally that risk makes sense considering that BTC is more profitable than anything I could have invested in in the past ten years. Whether it will still be like that in ten years is a million dollar question, but I personally hope that I will use these funds for my retirement, perhaps in some tropical paradise🏝️🍹
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<snip>
Hi dear! Hope you doing fine today! Some days back I was thinking about this when I should exit from the market to book my profit out then In conclusion I decided that I would book some profit at the market price of $90k and then the rest of the amount I would keep hold for the next target to hit. Dear, I am well aware of it how important is it to make a strong plan for exit and I believe that making a plan for exit matters but an exit plan matters more.
As in this case, one who books their profits late can be proved the wrong step for him/her. So exit plan is the most important role to play to survive safely in the crypto space. Besides this I would like to know your plan for booking strategy that also may help me if you have the best plan, Must share if you feel good. Many Thanks! :)
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~snip~
Also, why do we talk about "exit" strategies, converting back to fiat seems like ....treachery? ;D
Some might call it "treachery", but if we consider that some people live in countries where BTC is banned as a currency, and that they invested their money to make a profit, then from their perspective it really seems stupid not to sell at the right time for them. Some others who are in a more comfortable position in life and do not need money certainly have a different strategy, which is to sell only a small part and save the rest for the future.
But even if it's banned there as a currency, you would simply have to sell as you need it, it's not about liquidating, if you already took the risks once by buying it why drop it, just for profits? It has come all to buy low sell high and that's it, the evolutionary currency is no different than stocks?
Anyhow, I already know, probably for 99% BTC is a retirement plan, and no longer what was meant in the whitepaper, it's just me rebelling against the obvious!
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⭐ What are your exit plans for this cycle? (As profit booking is necessary for an investor)
⭐ How long do you think this cycle will take in conclusion?
⭐ What can be the optimistic TOP?
There is so many mix reactions and confusion with the trend of the market. It seems the German government just dump an additional 17,000 Bitcoin, the largest so far since they started selling and who know what they are going to do next.
Source- https://x.com/watcherguru/status/1810370791172915359
I all I have to say that people that sold at $70k and above didn't lose anything, taking profit is never a mistake, they have the opportunity to still enter again and as for the next thing from here, I don't know because nobody knows who will be selling more that will cause more panic to this market.
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I am looking at an exit plan for when bitcoin skyrockets to $100k-$150k. I believe it will happen next year probably. By that time, most of my investment in bitcoin and altcoins well fetched me many profits. I will be looking at selling some 80% of my bitcoin holdings and all of my altcoins holdings. Failure to do so and bitcoin begin to decrease will cause me to lose a huge amount of profits I would have gained when bitcoin was at a high price.
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Without a doubt, the majority have a plan, and it is in some ways the right thing to do, but I think that a large majority does not think that way, they simply hodl their bitcoins, and when they need it, well exchange, it is that simple for many, others will even leave their bitcoins for decades even as a legacy for others to decide.
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I am looking at an exit plan for when bitcoin skyrockets to $100k-$150k. I believe it will happen next year probably. By that time, most of my investment in bitcoin and altcoins well fetched me many profits. I will be looking at selling some 80% of my bitcoin holdings and all of my altcoins holdings. Failure to do so and bitcoin begin to decrease will cause me to lose a huge amount of profits I would have gained when bitcoin was at a high price.
You're talking from a trader's perspective, rather than an investors'.
As a bitcoin investor, first you should know that bitcoin does better in the long run, no matter how much bitcoin dips after reaching or establishing a new ATH, it always has the potential for recovery and whatever amount you may have lost to the DIP, if you continue to HODL pass the current market situation, the market will always recover and you'll be able to recover whatever funds you may have lost to the DIP.
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-snip-
In general, I prefer the exit strategy to be at different price stages, just like the DCA strategy.
Such as selling gradually at each highest Resistance.
It is good enough to apply when you want to exit at the highest price, but it also depends on how much the target price will be reached.
But I tend to prefer to sell about 50% of my coin holdings with the highest price target so that it can be maximized enough to make a profit.
I will only sell the rest for long-term targets.
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But I tend to prefer to sell about 50% of my coin holdings with the highest price target so that it can be maximized enough to make a profit.
I will only sell the rest for long-term targets.
Of course, this is very good for investors who can survive in the long term, but long-term goals are also relative. It may be one price cycle for some people and it may be two or three cycles for other people.
In any case, for people who intend to hold Bitcoin for two or three cycles, it is better for them to sell 50% at the peak and then buy back from the bottom, because as you know, there must be a decline after the peak, and thus they can double their holdings of Bitcoin in the long term.
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For now, the target I have in mind is above $80k and past $100k... that should happen before the new year 2025 and at the latest should be January 2025... that's enough time for investors to make a decision from now on . There are still 5 months left, and I think that's enough to recover after MT Gox returns funds to participants who made the call... plus the bull run moment after the BTC halving.
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For now, the target I have in mind is above $80k and past $100k... that should happen before the new year 2025 and at the latest should be January 2025... that's enough time for investors to make a decision from now on . There are still 5 months left, and I think that's enough to recover after MT Gox returns funds to participants who made the call... plus the bull run moment after the BTC halving.
BTC is very potential to reach $80-$100k but maybe not possible in the new year of 2025 or January 2025 because of Mt Gox payment. they will pay huge number of Bitcoin which will make a bad effect in crypto market for a bit so i think bitcoin can not on 80-100k after Q2 of 2025. If Mt Gox had not taken this decision now, such dumping of Bitcoin would not be seen now. I think such dumping of Bitcoin is a boon for us. Because now we can buy bitcoin at low price and it will be possible to make huge profit when bitcoin price hits $80-$100k.
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~snip~
Anyhow, I already know, probably for 99% BTC is a retirement plan, and no longer what was meant in the whitepaper, it's just me rebelling against the obvious!
For me, BTC is great for long-term investing, but at the same time I use it as a payment currency practically on a weekly basis. Most of the people who invested in BTC never used it for payment, what about all those who invest through ETFs or some other methods where you don't actually buy BTC but a digital record that you allegedly invested in something.
What Satoshi imagined was never realistic to expect in a world that is centralized to such an extent that people today believe more in what an AI bot says than any other human. How will you convince such a person that BTC is better than a plastic card for which you only need to know the PIN and nothing more?
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For me, BTC is great for long-term investing, but at the same time I use it as a payment currency practically on a weekly basis.
I assume that is for online digital goods?
I haven't made a purchase with BTC in RL this year!
Used to go to a cafe and a pub just to have a drink with the owners and pay with BTC, dropped that because of time and f* those fees anyhow, not going to pay a meal for meal!
How will you convince such a person that BTC is better than a plastic card for which you only need to know the PIN and nothing more?
Well, yeah....you won't!
I still wish to believe the card swipe is not the barrier, an LN wallet might come close, I think the main problem will be no customer support when the payment encounters problems!
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For traders who is eager to for profits can take a profits or exit the market whenever they felt they have taken to their desire for that week / months, but as a hodler who knows the future of bitcoin can always keeps accumulating without having the fear that market gonna dump on them. Although it's actually essential for an altcoin holder or trader to exit the market whenever the market seems to dark and unbearably since most of the coin hardly survive some of the dip to occur few years ago, this has put fear in most altcoin trader or holders. So while keeps accumulating it's very good to have an exit plan while holding altcoin especially when those coin aren't a reputable coin.
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Hi, fellow Bitcoiners,
I’d love to hear your thoughts on a couple of topics. While we often discuss accumulation strategies, having a solid exit plan is equally crucial. Without an effective exit strategy, all your hard work in accumulating Bitcoin could go to waste.
In as much as holding is very important but every holders has a particular target at which they would either love to sell some amounts of there holding or the entire amount so is totally depends on how they set there targets, however there are people who set there selling targets at the price of $100k Bitcoin before they could sell.
Though for me considering the fact that I may not actually know what the exact price of Bitcoin will be in six years time so I just set my targets in the next six years time before thinking about selling, however in terms of accumulation strategy I believe one of the best strategy is the DCA method because that's actually the one I'm currently making use of during my accumulation on weekly basis, however Lump Sum strategy is also very good because you will be able to invest huge amount of money at once when you see a good buying opportunity which is dip.
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Without a doubt, the majority have a plan, and it is in some ways the right thing to do, but I think that a large majority does not think that way, they simply hodl their bitcoins, and when they need it, well exchange, it is that simple for many, others will even leave their bitcoins for decades even as a legacy for others to decide.
As op has rightly said, many people have accumulating strategies but they do not have exit strategy. And anyone without a definite exit strategy would be caught up by the market. For instance, anywhere who started accumulating bitcoin from the range of $30,000 would have comfortably exited the market at 70,000 to dollars. Vegeta lack of exit strategy, they are still in the market. However the people who buy and continue to buy until bitcoin is worth somewhere $1M. Some keep buying just like they are using bitcoin to save their money and you won't expect those people so sell easily. In a nutshell, it depends on the investment goals.
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⭐ What are your exit plans for this cycle? (As profit booking is necessary for an investor)
⭐ How long do you think this cycle will take in conclusion?
My exit plan on Bitcoin:
Not eprofits the Bitcoin steps by steps in several price rates in several price milestones. what this means is: one day Bitcoin really starts to rise, at least starting to pass $80k, then I will start to be more detailed in observing the market. Because I think if I start making profits little by little when the price goes up than that.
Not for a 100% exit, no, but rather just a few percentage points, and doing it at several price increases. So when it's really peak season, I still have some Bitcoin, but even if it turns out the highest price doesn't match expectations, at least I'll have the opportunity to take quite good profits.
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I do not really have oen when yo think about it. I mean sure if I make some insane amount of money that I can pay all of my debts all together, I will probably just sell and pay my debts and then restart from zero and accumulate as much as I can with the money I make instead of paying for debt. However, I do not think that would be possible, that would require bitcoin and other cryptos to go up like x5 while I am holding. Is that impossible? Of course not, it can definitely happen, but I do not think that we are going to see 250k+ bitcoin anytime soon, not this year, not next year. Which is why I think I will not exit. In theory there is a way, but its quite impossible looking one.
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my exit is death.
I am 67 figure I won't make 100
So I exit with death.
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my exit is death.
I am 67 figure I won't make 100
So I exit with death.
Hey man!
Does your wife know your private keys?
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⭐ What are your exit plans for this cycle? (As profit booking is necessary for an investor)
⭐ How long do you think this cycle will take in conclusion?
⭐ What can be the optimistic TOP?
1. My exit plan is to sell my Bitcoin when it will reach the $200K in price and I don't have the timetable for that as my plan is based on price...
2. I am not unfortunately privy to any information that can confirm any speculation as where we are now in Bitcoin and where it will be going in the coming months. All I have is the hope or wish that in the last quarter things can get a lot better and in the first quarter of 2025 there can be a big bull run to emerge for the whole cryptocurrency industry...right after the possibility of Trump ascending to the White House.
3. I would not speculate anymore on that as the market is really volatile and is affected greatly by many developments outside of its control...let's just ride this raging storm right now as this will surely pass away.
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We can never predict the Bitcoin market. The selling pressure is high as the Bitcoin market is currently dumping. There are many who are holding on to their investments at this time or they are taking risks because they will sell if the Bitcoin market picks up again. There are many people who don't understand about investing but still invest. If the market fluctuates a little, they panic. Then they make a big mistake that they start acting on social media information but they should be aware that most of the social media information is wrong. Because of this many lose their wealth.
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We can never predict the Bitcoin market. The selling pressure is high as the Bitcoin market is currently dumping. There are many who are holding on to their investments at this time or they are taking risks because they will sell if the Bitcoin market picks up again. There are many people who don't understand about investing but still invest. If the market fluctuates a little, they panic. Then they make a big mistake that they start acting on social media information but they should be aware that most of the social media information is wrong. Because of this many lose their wealth.
You talk alot but the question is simple "What is your exit plan"? this is a question directly to you and not to people around you so you might be right to what you said here but its better if you deliver your own answer directly to this topic .
my exit is death.
I am 67 figure I won't make 100
So I exit with death.
What a dedication and support ..
how about when you die mate? who will cater your huge holdings? :D because the way you posted in both forum it seems that you are holding a good amount of cryptos :o
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All of the questions that you have seems to be hard to answer because there is no deterministic approach that would lead you to a great and accurate result. It would depend on the person whether or not he is an optimist or just a realist. For me, I want the top to be real and above 100,000
I’m just being optimistic here, but we will just see you when we arrive there. Remember the times when it was less than 10,000 and now look at the price.
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⭐ What are your exit plans for this cycle? (As profit booking is necessary for an investor)
⭐ How long do you think this cycle will take in conclusion?
⭐ What can be the optimistic TOP?
These are my answers to your questions.
⭐ I'm waiting for the bull run like what many investors here are waiting. I've already set my 3 target selling prices on all of the coins that I'm currently holding (including altcoins, and also my stocks in the stock market), and I will sell all of them when each of them will be reached. My selling targets are kind of high, but I'm optimistic with this bull run that "MIGHT" happen.
⭐ Normally, a bull run lasts for around 12-18 months, and base on the 2 cycles that I saw (2017 & 2021), it lasted for at least a year. For me, that's a long time already for us to take the opportunity to sell our assets.
⭐ My optimistic TOP with Bitcoin is $150,000 although my final selling target is around $140,000. I would not be surprised if Bitcoin will not reach $150,000, but I would be happy to see it reaching that price. :)
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For me, BTC is great for long-term investing, but at the same time I use it as a payment currency practically on a weekly basis.
I assume that is for online digital goods?
I haven't made a purchase with BTC in RL this year!
Used to go to a cafe and a pub just to have a drink with the owners and pay with BTC, dropped that because of time and f* those fees anyhow, not going to pay a meal for meal!
Unfortunately, I don't have any physical places where I would spend BTC, but luckily we have a crypto payment processor that is available at many online stores (https://bazzar.hr/), so you can buy almost anything you want for cryptocurrencies. Of course, most transactions refer to digital goods, but if I tell you that I paid for a smartphone and a TV with BTC, then you know that I have no problem using BTC as a currency, even if it was a payment through a payment processor.
How will you convince such a person that BTC is better than a plastic card for which you only need to know the PIN and nothing more?
Well, yeah....you won't!
I still wish to believe the card swipe is not the barrier, an LN wallet might come close, I think the main problem will be no customer support when the payment encounters problems!
What I have concluded from years of studying people when it comes to BTC is that the only important thing is to buy cheap and then sell at a higher price. Then the majority will still decide to convert to fiat and spend cash, because the use of payment processors leaves a mark that can lead to some unpleasant questions from people from the tax administration (of course if you haven't paid taxes). Given that I have many physical crypto exchanges without KYC up to EUR 1000 per transaction, the logic of most people is "why pay tax if you don't have to"?
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⭐️ What are your exit plans for this cycle? (As profit booking is necessary for an investor)
⭐️ How long do you think this cycle will take in conclusion?
⭐️ What can be the optimistic TOP?
1. I will wait for a clear reversal signal from BTC to sell all crypto, including BTC and ALTS, and then leave the market. This could be a signal confirmed by fundamental technical indicators such as RSI, MACD, MA cross or indicators that I have developed specifically for BTC.
2. I was once worried that the bullrun would end early this year, but with the good accumulation that is happening, I can expect that we may see the peak of the entire cycle extend to Q2 2025 or even Q4 2025. It is very difficult to time the exact top of BTC.
3. As with many predictions in the Trading section, I set my expectations for BTC ATH in this cycle at the $150K-170K price zone. It would be better if BTC could conquer $250K but for now I dare not put much hope in this possibility.
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I can't agree more with you, with the fact that for an investor booking profit is an essential part otherwise saying that I made 2x and booked only 0.2x or 0.5x is really sad and makes ou feel regretful. I have experienced it not in my BC holdings but I made some profit from airdrops but did not book any profit while I mentioned almost everywhere I got the chance, that I made this much profit while due to a downtrend in alts, I am at lose.
My exit plan will be around $80k to $90k, you must be thinking if it is possible I think yeah its possible because the ATH we seen before the halving was due to the buying pressure and that buying pressure was due to the news of ETH approval and when the demand was high price increases and after halving, people started to sell and priced dumped and now we are waiting alts season. And then maybe BTC will try to break its ATH again.
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my exit is death.
I am 67 figure I won't make 100
So I exit with death.
Hey man!
Does your wife know your private keys?
she has access to my coins
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Ideally, you'd want to sell all your bags at the top but that rarely happens. The aim is to sell a portion at different stages by the end of the year until January/February next year because that is the time most people expects the market will peak. There could be some changes/adjustments along the way but that is the general plan. This is not a financial advice.
Hmm, I'm with the strategy for selling at different positions by adopting a strategy to take an exit of 25% on the 100k and taking another exit on the 120k with the same percentage, for the rest I'm not sure for now. I will adjust according to the developments in the market at that time, TBH for the remaining 50% I have some high hopes and from the discussion until now, I think some other people also think in the same way.
You will not find a perfect plan that works for everyone, so each of us must have his own plan based on his circumstances, investment plan, taxes, age, social and economic status, and the younger you are, the better it is to leave some Bitcoin untouched for +10 years.
The best plan, in my opinion, is to sell 50%-70% of what you own at a price of $140,000 to $180,000 and then buy again at a price of $70,000 to $80,000.
I can agree with that, there's no certain scenario, according to your general plan dont think so market gives a chance back from the range you've mentioned, if you are talking about a multi-cycle timeline then it's really good plan, as we can save 30% for the uncertainty and there's a good chance of the saving the profits, and future plan as well.
But in general, for me, achieving a profit of 100-150% would be a very good thing. This means that if I bought Bitcoin at a price of 35-40K$, it would be very appropriate for me to sell it at a price of 100K$. If your conditions are good, you can sell 50% at a price of 100K$ and hold The rest until the price reaches 150K$.
I don't think so, waiting for a bull cycle over such a long time frame for just a return of 100%, anyway according to your words I think a maximum of the people are already out of their position in the current market as well because there are many people who accumulated from 25k range to 40k range, according to general optimistic top range from most of communities view, we are going to hit 150k almost and its a 4x or at least 3x in BTC.
not planning to have an exit plan for this cycle mate as I am looking for another entry to buy more and keep holding , i trust this market will soon be bringing me the flavor and taste I am looking for keeping my funds onhold up to now.
at least before the year ends? or in the beginning of 2025.
Haha, that's great but still, some profit booking is always good because the market set peak and then takes a pull back.
Early 2025, hmmm yup I'm also expecting the end of this cycle till the Q2 of the 2025.
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More replies soon. As I can't cover everything in a single post.
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If I say something about my exit plan then I have to say that for this current cycle I don't have any exit plan right now. I tell more deeply then I have to say that I am not that kind of early bitcoin adopter so I and more peoples like me who are not early adopter of bitcoin those don't have chances more than 8x profit if we thought maximum from 16k to 120k+ . So I want to see more in this that is why I will continues my adopting and looking for next bear season for more investment to gain some profit after this cycle.
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...//::
As op has rightly said, ...//::: it depends on the investment goals.
+1
Hi,
First of all, I understand you, but not all users who come to bitcoin have an investment objective, and in fact they sell when they need to, and buy when they can, it is not a strategy in itself, but it is a way of life associated with bitcoin. There don't always have to be strategies, I repeat, it is undoubtedly the best, but bitcoin should not always be associated with an "investment goal."
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I don't have exit strategy since I'm not exiting this industry 😁
The cycle is deceiving for traders, I don't even know what to decide in this market. I am thinking all Bitcoiner's exit strategy is just sell when the price is right.
But because the altcoin season hasn't started, the holders were like what am I going to do?
Because I also expect altcoins season in this cycle, I'd also expect BTC to also go up further.
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-snip-
In any case, for people who intend to hold Bitcoin for two or three cycles, it is better for them to sell 50% at the peak and then buy back from the bottom, because as you know, there must be a decline after the peak, and thus they can double their holdings of Bitcoin in the long term.
It's like a swing trading strategy that will sell and buy under certain conditions in the long run, and I use that strategy to double my Bitcoin holdings.
The profit from the 50% sale will further provide a good opportunity to buy at the Dip price when Bitcoin enters the bearish mode as it is now.
For now, the target I have in mind is above $80k and past $100k... that should happen before the new year 2025 and at the latest should be January 2025... that's enough time for investors to make a decision from now on . There are still 5 months left, and I think that's enough to recover after MT Gox returns funds to participants who made the call... plus the bull run moment after the BTC halving.
It's still quite a long time and the $100k ATh target will certainly be reached later, I believe that. Now it is just necessary to collect more at a low price. Let those who do the FUD and don't panic, buying when there is a lot of bad news is a good opportunity, especially when the German government always sells their Bitcoin but in the end they also buy at a cheaper price.
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To be honest, I never thought of exiting the market. If it's just an investment, you must consider your exit plan. But if you are working in the crypto space and all you do is related to cryptocurrency, then I would say it's a continuous process, and it's not easy to exit the market. Most of my works are in the crypto space for now. So, I don't think I will be able to exit the market. But yeah, I do have a selling point. I have invested in Bitcoin and some altcoins as well. I don't think I am going to sell them at loss unless I am in trouble.
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I am looking at an exit plan for when bitcoin skyrockets to $100k-$150k. I believe it will happen next year probably. By that time, most of my investment in bitcoin and altcoins well fetched me many profits. I will be looking at selling some 80% of my bitcoin holdings and all of my altcoins holdings. Failure to do so and bitcoin begin to decrease will cause me to lose a huge amount of profits I would have gained when bitcoin was at a high price.
You're talking from a trader's perspective, rather than an investors'.
As a bitcoin investor, first you should know that bitcoin does better in the long run, no matter how much bitcoin dips after reaching or establishing a new ATH, it always has the potential for recovery and whatever amount you may have lost to the DIP, if you continue to HODL pass the current market situation, the market will always recover and you'll be able to recover whatever funds you may have lost to the DIP.
This is the more reason I tend to focus on only long term investment with Bitcoin, no matter how long the dip may take, you'll definitely recover all during the bull, and that what makes long term investment interested, another interesting fack about long term holding is that, you can actually stay relaxed and keep accumulating irrespective of the trend, meaning long term traders are a bit immune to the risk of volatility in price compared to short term where they have to keep watch in the market to sell or buy so they don't run at loss.
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Also, why do we talk about "exit" strategies, converting back to fiat seems like ....treachery? ;D
Once I have enough money to retire, I will probably only convert 1/3 to Fiat. Ideally, at that moment, I can equally enjoy my retirement with only fiat part or only with crypto reserves. That would be the safest solution.
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Also, why do we talk about "exit" strategies, converting back to fiat seems like ....treachery? ;D
Once I have enough money to retire, I will probably only convert 1/3 to Fiat. Ideally, at that moment, I can equally enjoy my retirement with only fiat part or only with crypto reserves. That would be the safest solution.
That is for me the smartest way to keep our future safe and I will also be doing that if I gonna retire because fiat isn't safe here in my vountry given that inflation right now is quite highand I am not gonna take the risk of converting all my crypto assets for that purpose because for me that was a very bad idea for my future though crypto isn't that safe as well due to volatility but I personally don't trust fiat all the way.
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I think many people would just hold their bitcoin unless they need some money by taking portions of it like for emergency situation. I think some people have other plans like selling their btc to buy stable coins when bearish time to avoid more loses and buy once the price starts to increase. I think it would be a good decision to never sell all of your cryptocurrency to fiat and only sell portion of your crypto when you really need the money.
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The market is volatile, so it is hard to create a plan and hope it goes exactly to plan. I don't really like to talk about exit plan with BTC, because there is no chance of me converting all of my BTC's to fiat, that's not possible, not with how fiat currencies are affected by inflation. Maybe i can convert a small percentage to fiat for personal pleasure, and for separate investments, but that will be when BTC is above $90k.
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I have huge invest in this cryptocurrency market. Still i am investing and holding some coin including Bitcoin. We all know now cryptocurrency market is down. Now i am investing following DCA method. I think within short time market will up. I will wait till bull session.
I have some loss in this market. I think future bull session it will recover and i will be huge benefited. So i will stay in this market till future bull session. After that when i will be profitable then i will exit from this market.
But not fully. I will invest few amount for long time.
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[/code]584173 date=1720470335]
I am looking at an exit plan for when bitcoin skyrockets to $100k-$150k. I believe it will happen next year probably. By that time, most of my investment in bitcoin and altcoins well fetched me many profits. I will be looking at selling some 80% of my bitcoin holdings and all of my altcoins holdings. Failure to do so and bitcoin begin to decrease will cause me to lose a huge amount of profits I would have gained when bitcoin was at a high price.
You're talking from a trader's perspective, rather than an investors'.
As a bitcoin investor, first you should know that bitcoin does better in the long run, no matter how much bitcoin dips after reaching or establishing a new ATH, it always has the potential for recovery and whatever amount you may have lost to the DIP, if you continue to HODL pass the current market situation, the market will always recover and you'll be able to recover whatever funds you may have lost to the DIP.
I have no doubts about bitcoin recovery in price even if it dips in price. From what we have seen and learned about the crypto market, it has the uptrend and downtrend markets as the best-selling and buy opportunities.
As a long term investor are you, for an investor to invest in bitcoin during the bear market, and sell during the bull market, will they be considered long term investors or short term?
Before we give our answer, let's not forget the four-year circle of the halving season, made up of 2 years of bull run and 2 years of bear market. Some investors buy bitcoin during the bear season and sell at bull market. They repeat this move every four years.
In your perspective, how do you judge those kinds of investors that the majority are found guilty of? would you regard us as short term investors or long term? To you, are we making the right decision to buy and sell our bitcoin between 4 years or months after
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There is so many mix reactions and confusion with the trend of the market. It seems the German government just dump an additional 17,000 Bitcoin, the largest so far since they started selling and who know what they are going to do next.
Source- https://x.com/watcherguru/status/1810370791172915359
I all I have to say that people that sold at $70k and above didn't lose anything, taking profit is never a mistake, they have the opportunity to still enter again and as for the next thing from here, I don't know because nobody knows who will be selling more that will cause more panic to this market.
Hmm, they were making this shit again with almost 4k BTC by moving into some exchanges, according to the on-chain alert, anyway, I don't care a lot about them because you know, these are just temporary shits, the show is about to start, now I'm again bullish for BTC at least by the mid of the August. We are heading towards a great journey and I'm sure about it. No matter how long it will take it will be worth waiting.
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I have some loss in this market. I think future bull session it will recover and i will be huge benefited. So i will stay in this market till future bull session. After that when i will be profitable then i will exit from this market.
We are still in a bull market for BTC and there is still more to come in the short term, so there is no need to be looking forward to the 'future' right now. I know the price dropped, but it is only temporary and the reason is because of Germany selling a lot of BTC's in the spot market, the news of Mt. Gox's repayments and other social and economic factors.
However, BTC price is still going to rise in the short term and it could rise to $100,000 before the end of the year.
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I have huge invest in this cryptocurrency market. Still i am investing and holding some coin including Bitcoin. We all know now cryptocurrency market is down. Now i am investing following DCA method. I think within short time market will up. I will wait till bull session.
I have some loss in this market. I think future bull session it will recover and i will be huge benefited. So i will stay in this market till future bull session. After that when i will be profitable then i will exit from this market.
But not fully. I will invest few amount for long time.
This is a good idea to make investment currently because the market is down and whenever there is a downturn and we buy beneficial coins then it gives us profit in future when bull season takes place but most of the people lose such opportunities due to their lack of trust. Everyone should have minds like you because we should not be dependent only on Bitcoin but should also choose some most favorable and most successful coins for future benefit.
If someone is entering into the crypto market then he should realize that good and bad times can come but one should not take an abrupt decision of selling because the crypto market is known for the fluctuations happening in it. Stay calm and keep your coins longer if you know that you have invested in trusted coins but if you are involved in new coins investment then there is some risk in such type of investment which should be sold after little increase in value.
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For now, the target I have in mind is above $80k and past $100k... that should happen before the new year 2025 and at the latest should be January 2025... that's enough time for investors to make a decision from now on . There are still 5 months left, and I think that's enough to recover after MT Gox returns funds to participants who made the call... plus the bull run moment after the BTC halving.
Hmm, so far in my case the Bull will last around Q2 of 2025, I will start taking actions at the end of this year to move funds, I'm quite hopeful that BTC will surely hit above 80k before the end of this year and if it happens my optimistic range for BTC is 130k to 150k almost, I'm sure that's not too hard for BTC to hit.
This topic was a collection of general questions about exit plans, I think I should consider another topic as I've read 70% of the replies here and it helped me a lot, with different views and comments, it help in making a general and efficient plan.
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Hmm, so far in my case the Bull will last around Q2 of 2025, I will start taking actions at the end of this year to move funds, I'm quite hopeful that BTC will surely hit above 80k before the end of this year and if it happens my optimistic range for BTC is 130k to 150k almost, I'm sure that's not too hard for BTC to hit.
This topic was a collection of general questions about exit plans, I think I should consider another topic as I've read 70% of the replies here and it helped me a lot, with different views and comments, it help in making a general and efficient plan.
Let's wait for it buddy I am also hoping that Bitcoin should hit at least 90k by the end of this year well I was reading such news that Trump said that he would never want another country to overcome the dominance in the crypto space and we know that big money involves from America side in crypto space, And we know that trump stands for the crypto in this election so if he get elected more money flow will come in the market and from there we can see a good amount of profit in our portfolio.
Well, the Election will happen in September in America and time will decide what gonna happen so, buddy what do you think of it? if Trump gets elected can it be a game-changing thing for all of us? I also consider this from another point of view that as we know it is politics and Trump is just having the benefit of the crypto community to get elected as president and maybe he will not stand for the statement he used to present in public these days. So, let's see what gonna happen.
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I don't have a detailed or specific exit plan, I consider myself a long term holder but can shift my belief depending on the market condition, There's no reason to sell for me if I see that the market is doing well and a short dip is not enough for me to cause panic I always maintain that the market will eventually recover and it always does.
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my exit is death.
I am 67 figure I won't make 100
So I exit with death.
Hey man!
Does your wife know your private keys?
she has access to my coins
philipma1957 good exit plan's but hey man, you are going no where, we gona ride all the way above 100 and you still Gona ride on, I have no problem with your wife having access to your coins which is same with me, my wife have total control and access to all my wealth and I am ok with that, but talking about bitcoin exit plans and real life existence, 67 years is way too young to be talking about exit because there still a long ride for us with bitcoin.
I am sure you Gona see beyond the 200k bitcoin price, and I even wish us more price rilacostal at any moment in the future.
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I don't have a detailed or specific exit plan, I consider myself a long term holder but can shift my belief depending on the market condition, There's no reason to sell for me if I see that the market is doing well and a short dip is not enough for me to cause panic I always maintain that the market will eventually recover and it always does.
Based on what I have read above I can see that you are flexible and open to any possible shift and that is great as we all know that here in crypto we got bearish and bullish season so you can blend to any very easily and profit on both trends unlike others who really just stick to one plan.
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However, BTC price is still going to rise in the short term and it could rise to $100,000 before the end of the year.
Well for now nothing is certain in the case of Bitcoin but however it has been very consistent in moving uptrend this days so is very obvious that we would have a good price before the year runs out but for now let's not get our hopes up or expecting too much from the price this year, so for me in as much as the price has been moving seriously I still maintain my expectation within the range of $80k to $84k but however if it manages to break those levels better. Though if I may ask since your expectations is for the Bitcoin price to hit $100k before the end of the year what do you think will be the price of Bitcoin in 2025?.
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Hi, fellow Bitcoiners,
I’d love to hear your thoughts on a couple of topics. While we often discuss accumulation strategies, having a solid exit plan is equally crucial. Without an effective exit strategy, all your hard work in accumulating Bitcoin could go to waste. Below are a few general questions—feel free to share your views! I'll drop my views and strategy while replying to most of the posts.
⭐ What are your exit plans for this cycle? (As profit booking is necessary for an investor)
⭐ How long do you think this cycle will take in conclusion?
⭐ What can be the optimistic TOP?
Note:
I thought there was a need for new topics and discussions in different directions, as most of the topics are recurrent, so for the sake of information and community views i think it's a good idea to have regularly new topics.
Without an exit strategy accumulation of Bitcoin can't go to waste. Accumulation of BTC will give us profit even if we fail to book profit in one cycle we just have to wait for another and we can book then. But staying long-term is not an easy task therefore proper strategy is needed for investors to meet their profit goals. My plan is to make as much profit as I can by minimizing loss too.
I also think this cycle will exist for another 6 months at least and the optimistic top will be around $150k. I would love to hear about your exit strategy if you are planning to exit now. It was a good idea to make this thread because these are some straight forward questions needed to answer and community answers are very valuable.
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Hi, fellow Bitcoiners,
I’d love to hear your thoughts on a couple of topics. While we often discuss accumulation strategies, having a solid exit plan is equally crucial. Without an effective exit strategy, all your hard work in accumulating Bitcoin could go to waste. Below are a few general questions—feel free to share your views! I'll drop my views and strategy while replying to most of the posts.
⭐ What are your exit plans for this cycle? (As profit booking is necessary for an investor)
⭐ How long do you think this cycle will take in conclusion?
⭐ What can be the optimistic TOP?
Note:
I thought there was a need for new topics and discussions in different directions, as most of the topics are recurrent, so for the sake of information and community views i think it's a good idea to have regularly new topics.
Without an exit strategy accumulation of Bitcoin can't go to waste. Accumulation of BTC will give us profit even if we fail to book profit in one cycle we just have to wait for another and we can book then. But staying long-term is not an easy task therefore proper strategy is needed for investors to meet their profit goals. My plan is to make as much profit as I can by minimizing loss too.
I also think this cycle will exist for another 6 months at least and the optimistic top will be around $150k. I would love to hear about your exit strategy if you are planning to exit now. It was a good idea to make this thread because these are some straight forward questions needed to answer and community answers are very valuable.
On my part I personally take my profit but sometimes I need to wait for a while and if I really need to withdraw then i had no choice but to take all of my investment as I was just having smaller holdings on my portfolio unlike other bigtime investors who can hodl for long and or accumulate more regardless of trends. I think this really depends upon the situation of a specific investor if I am not mistaken.
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I think many people would just hold their bitcoin unless they need some money by taking portions of it like for emergency situation. I think some people have other plans like selling their btc to buy stable coins when bearish time to avoid more loses and buy once the price starts to increase. I think it would be a good decision to never sell all of your cryptocurrency to fiat and only sell portion of your crypto when you really need the money.
As a bitcoin investor, it gets to a point when your reason for investing changes from just making profits into something a lot more solid, like storing of value, at this point, all you're interested in is saving your assets in Bitcoin because you trust and consider Bitcoin to be a better store of value than other methods, and it doesn't matter how much you have in Bitcoin, the goal still remains to HODL and HODL more, except of course something occurs in the future that would really require to sell a portion of your Bitcoin, of course its gotta be something that ones emergency or reserve funds can't be able to sort, then they can sell of a portion and settle it.
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The Bitcoin maxi's will rarely have an exit plan. But I think at some point, they are thinking about it but no one will ever know when it is that gonna happen. Hitting the peak is unlikely going to happen on this bull run but as long as you'd likely sell from 5x-10x from the point of buying it, I guess that it goes at that rate and that's what I am planning to sell. It might not be an exit for me but I'd DCA as well on my way out.
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The Bitcoin maxi's will rarely have an exit plan. But I think at some point, they are thinking about it but no one will ever know when it is that gonna happen. Hitting the peak is unlikely going to happen on this bull run but as long as you'd likely sell from 5x-10x from the point of buying it, I guess that it goes at that rate and that's what I am planning to sell. It might not be an exit for me but I'd DCA as well on my way out.
5x - 10x??? I'm even a little doubtful to see Bitcoin reach +400%, but for a 2x or +100% increase it's still a bit reasonable... and the exit method with DCA is also a popular way nowadays, at least when someone can't get the peak moment, we You must also make the most of this unexpected moment with gradual sales.
This is also included in one of my plans.
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The Bitcoin maxi's will rarely have an exit plan. But I think at some point, they are thinking about it but no one will ever know when it is that gonna happen. Hitting the peak is unlikely going to happen on this bull run but as long as you'd likely sell from 5x-10x from the point of buying it, I guess that it goes at that rate and that's what I am planning to sell. It might not be an exit for me but I'd DCA as well on my way out.
5x - 10x??? I'm even a little doubtful to see Bitcoin reach +400%, but for a 2x or +100% increase it's still a bit reasonable... and the exit method with DCA is also a popular way nowadays, at least when someone can't get the peak moment, we You must also make the most of this unexpected moment with gradual sales.
This is also included in one of my plans.
You haven't asked when I started holding that. But to give you an example, if someone has been holding since the bear market of 2018 or $3k per bitcoin.
That's more than 3x-5x already if those bitcoins that are being held is still there until today. I agree the DCA way of selling as way, everyone can do that as we please.
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The Bitcoin maxi's will rarely have an exit plan. But I think at some point, they are thinking about it but no one will ever know when it is that gonna happen. Hitting the peak is unlikely going to happen on this bull run but as long as you'd likely sell from 5x-10x from the point of buying it, I guess that it goes at that rate and that's what I am planning to sell. It might not be an exit for me but I'd DCA as well on my way out.
5x - 10x??? I'm even a little doubtful to see Bitcoin reach +400%, but for a 2x or +100% increase it's still a bit reasonable... and the exit method with DCA is also a popular way nowadays, at least when someone can't get the peak moment, we You must also make the most of this unexpected moment with gradual sales.
This is also included in one of my plans.
You haven't asked when I started holding that. But to give you an example, if someone has been holding since the bear market of 2018 or $3k per bitcoin.
That's more than 3x-5x already if those bitcoins that are being held is still there until today. I agree the DCA way of selling as way, everyone can do that as we please.
To be honest, I haven't thought about DCA selling because seeing that the market conditions haven't fully entered the bullish season, I will plan to sell once the bitcoin price reaches ATH again.
If you bought in 2018 and are still holding, now you have got a lot of benefits. It is the result of your patience.
I don't do that because I only follow the 4 year cycle and will sell everything during the top bullish season and buy it again during the bearish season.
Maybe we have different strategies, but everyone has their own considerations and sales targets.
I would also hold long term if I had free funds for the next 10 years, unfortunately I still have the desire to invest in the real world.
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To be honest, I haven't thought about DCA selling because seeing that the market conditions haven't fully entered the bullish season, I will plan to sell once the bitcoin price reaches ATH again.
If you bought in 2018 and are still holding, now you have got a lot of benefits. It is the result of your patience.
I don't do that because I only follow the 4 year cycle and will sell everything during the top bullish season and buy it again during the bearish season.
Maybe we have different strategies, but everyone has their own considerations and sales targets.
I would also hold long term if I had free funds for the next 10 years, unfortunately I still have the desire to invest in the real world.
Determination and patient is what mostly needed to drive the market because some people may not have that patient to hold even though they does they required additional funds like a kind of multiple stream of income to be able to hold otherwise, if no other source of funds and totally relying on their bitcoin investment immediately bitcoin creates new ATH they would be pushed to sell without holding till their required moment like years they felt like holding. One major thing that threatens investment mostly is not having multiple streams of income like only relying on the profits from Bitcoin whenever emergency comes out they could be pushed to immediately sell off without any further patient.
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Without an exit strategy accumulation of Bitcoin can't go to waste. Accumulation of BTC will give us profit even if we fail to book profit in one cycle we just have to wait for another and we can book then. But staying long-term is not an easy task therefore proper strategy is needed for investors to meet their profit goals. My plan is to make as much profit as I can by minimizing loss too.
I also think this cycle will exist for another 6 months at least and the optimistic top will be around $150k. I would love to hear about your exit strategy if you are planning to exit now. It was a good idea to make this thread because these are some straight forward questions needed to answer and community answers are very valuable.
I like the way you explained but buddy you still have not shared from which point of the price you will start to book your profit, indeed you will not book all at once. You may have a strong plan that can be DCA haha, so that you can book at different prices out of the market. Well, as for my part, I was having a discussion about booking profit from the market a couple of weeks ago where me and he discussed that we should start booking from $90k price. Besides this, it all depends on the market situation at that time maybe I will start to book from the price of $100k.
on the other hand, this is my first bull season in the crypto sector and it's been almost two years in the crypto industry of mine I have learned a lot and honestly I am still learning. Well about the price you aforementioned being optimistic if this gonna hit in this bull cycle then it will be great for all of us here.
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Without an effective exit strategy, all your hard work in accumulating Bitcoin could go to waste.
As much as I know, Bitcoin is not one of the shitcoins that gives dump due to its developer inability to keep the market trends active and also investors not being able to reach a limited volume to maintain the coins value.
So there is no way any methods of accumulating Bitcoin can be a waste. Infact, there are investors who makes a one time purchase and just keep holding and so the value of their assets keep increasing.
Accumulating of Bitcoin Such as buying in the Dip is a good accumulating strategy but does not mean others buying when Bitcoin has geared up for increase is a waste.
As for now, the price of his unlimited so how ever means we tends to have our accumulating strategy and as long we are not to eager to sell, we can always have that time of making profits.
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You haven't asked when I started holding that. But to give you an example, if someone has been holding since the bear market of 2018 or $3k per bitcoin.
That's more than 3x-5x already if those bitcoins that are being held is still there until today. I agree the DCA way of selling as way, everyone can do that as we please.
The earlier one has bought Bitcoin the more he will be profitable as the current price is much higher as compared to the past price therefore it is obvious that the holders who have held it for years will have made more profit as compared to those who are newbies.
In 2018 the price was not higher but in current year new ATH worth has been attained due to which people have targeted higher value for selling Bitcoin. With passing years the price of bitcoin increases therefore it can be said that the more you hold the more profit you will get which implies to the fact that duration of holding also matters a lot.
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On my part I personally take my profit but sometimes I need to wait for a while and if I really need to withdraw then i had no choice but to take all of my investment as I was just having smaller holdings on my portfolio unlike other bigtime investors who can hodl for long and or accumulate more regardless of trends. I think this really depends upon the situation of a specific investor if I am not mistaken.
You are not mistaken because the choice of holding for the long term and not taking profit in between is depends on the type of investors. If I invest money in BTC and I can't manage to hold it for the long term due to other needs for this money then I will book all of some profit to manage my expenses.
Holding also differs from investor's type to type. Likewise, you said, that if an investor has lots of money and the current situation is not convincing the investor to take a profit that's because they are planning big. I heard the news that Michael Slayer predicted the price of 1 BTC will be $49 million by 2045 I shared this news in my last post too but it also fits here.
Till now I never predicted the price to be this high then how can I make long-term plans and how can I know what should be my exit plan that's why I play safe and book whenever I have a chance.
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I think many people would just hold their bitcoin unless they need some money by taking portions of it like for emergency situation. I think some people have other plans like selling their btc to buy stable coins when bearish time to avoid more loses and buy once the price starts to increase. I think it would be a good decision to never sell all of your cryptocurrency to fiat and only sell portion of your crypto when you really need the money.
As a bitcoin investor, it gets to a point when your reason for investing changes from just making profits into something a lot more solid, like storing of value, at this point, all you're interested in is saving your assets in Bitcoin because you trust and consider Bitcoin to be a better store of value than other methods, and it doesn't matter how much you have in Bitcoin, the goal still remains to HODL and HODL more, except of course something occurs in the future that would really require to sell a portion of your Bitcoin, of course its gotta be something that ones emergency or reserve funds can't be able to sort, then they can sell of a portion and settle it.
An incident like this will definitely happen to every BTC owner where emergency funds cannot cover the shortfall, then the assets owned must be sacrificed, having BTC is the right choice if you need money suddenly in my opinion compared to physical investments such as property, land, even houses will be difficult to sell, even if they are sold cheaply, you will definitely experience a loss
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#Global market thoughts. If we're speculating on a decline, it's important to understand how we see this hike into the zone below 2k for #ETH and 42 - 32k for #BTC. We have ~175 days until the start of 2025.
Will this nasty slide downward be a weekly candlestick?
Or will it be 1-2 sharp bangs with accompanying capitulation of retail to whole furies of suplai and competitor funds with poor average BR?
Going below these values with a consolidation breaks the weekly OF, which acts as a macro invalidation and pushes us to a complete rethinking of the HTF context.
About to come. Tuesday, November 5, 2024 - US Presidential Election.
An important event, volatile.
What we are interested in, however, is not really what the White House establishment will promise or what crypto policy will be. They're already in crypto, the issue is regulating yet another way to crank the dollar for the sake of the dollar, which means the Long Nose is in on the action.
Here's the important thing - A new president is a new $$$.
P.S. Remember, this is not a call to action! ???
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To be honest, I haven't thought about DCA selling because seeing that the market conditions haven't fully entered the bullish season, I will plan to sell once the bitcoin price reaches ATH again.
If you bought in 2018 and are still holding, now you have got a lot of benefits. It is the result of your patience.
I don't do that because I only follow the 4 year cycle and will sell everything during the top bullish season and buy it again during the bearish season.
Maybe we have different strategies, but everyone has their own considerations and sales targets.
I would also hold long term if I had free funds for the next 10 years, unfortunately I still have the desire to invest in the real world.
Determination and patient is what mostly needed to drive the market because some people may not have that patient to hold even though they does they required additional funds like a kind of multiple stream of income to be able to hold otherwise, if no other source of funds and totally relying on their bitcoin investment immediately bitcoin creates new ATH they would be pushed to sell without holding till their required moment like years they felt like holding. One major thing that threatens investment mostly is not having multiple streams of income like only relying on the profits from Bitcoin whenever emergency comes out they could be pushed to immediately sell off without any further patient.
On the moment that you do step your foot into this market then it would really be that suggested or recommended because if you've been really that too positive towards things and you've been really that anticipating that you would really be that profitable then on the moment that the market will really be having those corrections then it would really be making youself that impulsive
on which you would really be losing yourself into the plans that you had made out earlier. It would really be always important that you should really having those exit plans
and securing profits.
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I like the way you explained but buddy you still have not shared from which point of the price you will start to book your profit, indeed you will not book all at once. You may have a strong plan that can be DCA haha, so that you can book at different prices out of the market. Well, as for my part, I was having a discussion about booking profit from the market a couple of weeks ago where me and he discussed that we should start booking from $90k price. Besides this, it all depends on the market situation at that time maybe I will start to book from the price of $100k.
If BTC made it to $90k to $100k I will book 50% to 80%. But If I see BTC still has the power to gain more price then I will change my selling percentage and will make it less. Around %40 to %60. To be honest if I see BTC has not enough fuel left to reach $100k and more then I will book all of my profit.
on the other hand, this is my first bull season in the crypto sector and it's been almost two years in the crypto industry of mine I have learned a lot and honestly I am still learning. Well about the price you aforementioned being optimistic if this gonna hit in this bull cycle then it will be great for all of us here.
You have a huge experience because in 2 years people with a dedicated mindset achieve great things. I have seen people learning new skills like trading, project management, etc. Trading is not that difficult people understand it in less than 1 year by devoting their time and with the proper mindset
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You have a huge experience because in 2 years people with a dedicated mindset achieve great things. I have seen people learning new skills like trading, project management, etc. Trading is not that difficult people understand it in less than 1 year by devoting their time and with the proper mindset
HAha 2 years, naah I dont consider 2 years a great time to learn most things, as you know a person who starts everything on his own, spends most of the time in the wrong direction, as he's not clear with what to learn first and what to try first, so in finding a direction he spends most of his time as if a person has a mentor who is much experienced, there's a slight chance that he's gonna achieve great things in less time. I've been here a long time at least around 4 years+ still learning about the direction.
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You have a huge experience because in 2 years people with a dedicated mindset achieve great things. I have seen people learning new skills like trading, project management, etc. Trading is not that difficult people understand it in less than 1 year by devoting their time and with the proper mindset
HAha 2 years, naah I dont consider 2 years a great time to learn most things, as you know a person who starts everything on his own, spends most of the time in the wrong direction, as he's not clear with what to learn first and what to try first, so in finding a direction he spends most of his time as if a person has a mentor who is much experienced, there's a slight chance that he's gonna achieve great things in less time. I've been here a long time at least around 4 years+ still learning about the direction.
I personally cannot determine how many years we can study this because I feel that as time goes by, there is still something that is missed. So rather than talking about time, I think it is better for us to continue learning and repeating what we have learned in the beginning, because sometimes we also forget even though we used to understand and even experience it.
This is not a matter of time in my opinion, but it is a matter of will. Will we continue to learn or be quickly satisfied with what we know.
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You have a huge experience because in 2 years people with a dedicated mindset achieve great things. I have seen people learning new skills like trading, project management, etc. Trading is not that difficult people understand it in less than 1 year by devoting their time and with the proper mindset
I totally understand your point but you should also understand that there is a huge difference between project management and trading however as the matter of fact project management is very easy that you can acquire it within the space of two to three months because is one of the skills that's very easy and doesn't take much of a time to learn.
but when we talk about trading there is no way you can acquire the knowledge within that period because is too complex and even if you learn it for two years there is no guarantee that you will understand everything because I have seen so many experienced traders who have been on trading for more than ten years but still they cannot call themselves a professional traders because you would only call yourself a professional when you are no longer losing trades, so actually you can learn within two years but cannot really have the kind of confident other people who have been into trading for long will have.
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You have a huge experience because in 2 years people with a dedicated mindset achieve great things. I have seen people learning new skills like trading, project management, etc. Trading is not that difficult people understand it in less than 1 year by devoting their time and with the proper mindset
HAha 2 years, naah I dont consider 2 years a great time to learn most things, as you know a person who starts everything on his own, spends most of the time in the wrong direction, as he's not clear with what to learn first and what to try first, so in finding a direction he spends most of his time as if a person has a mentor who is much experienced, there's a slight chance that he's gonna achieve great things in less time. I've been here a long time at least around 4 years+ still learning about the direction.
No one can gain all the knowledge of this world and I believe that one who says I have all the knowledge even if he/she referring to any sector/spcae is just like a sparrow who just sips a drink of water from the big sea and the left water is an example of the knowledge he/she still doesn't have. So, that is why we always stay in the learning phase and I also mentioned in my previous post that I am still learning.
But here you mentioned one good thing that mentorship which is really a great fact that one can enhance his/her learning phase if he/she is under good mentorship. Well, I have seen some successful person who gets success under good mentorship and they are enjoying their life. Other than that I am still observing many things from many points of view, I get some ideas while writing posts and this thing really helps me to enhance my knowledge about the crypto space.
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No one can gain all the knowledge of this world and I believe that one who says I have all the knowledge even if he/she referring to any sector/spcae is just like a sparrow who just sips a drink of water from the big sea and the left water is an example of the knowledge he/she still doesn't have. So, that is why we always stay in the learning phase and I also mentioned in my previous post that I am still learning.
Haha, I cant understand who is this "one who", buddy I'm sure there's no one that arrogant to use such words, in the above discussion we were talking about basic information processing, learning, and finding our own's direction. No one can stay in learning lessons or no one can choose to be a learner because here in life from birth to death there's no other option, on every instant you learn things and on the basis of that learning to spend your life.
TBH that was an odd line for me.
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To be honest, I haven't thought about DCA selling because seeing that the market conditions haven't fully entered the bullish season, I will plan to sell once the bitcoin price reaches ATH again.
If you bought in 2018 and are still holding, now you have got a lot of benefits. It is the result of your patience.
I don't do that because I only follow the 4 year cycle and will sell everything during the top bullish season and buy it again during the bearish season.
Maybe we have different strategies, but everyone has their own considerations and sales targets.
I would also hold long term if I had free funds for the next 10 years, unfortunately I still have the desire to invest in the real world.
Determination and patient is what mostly needed to drive the market because some people may not have that patient to hold even though they does they required additional funds like a kind of multiple stream of income to be able to hold otherwise, if no other source of funds and totally relying on their bitcoin investment immediately bitcoin creates new ATH they would be pushed to sell without holding till their required moment like years they felt like holding. One major thing that threatens investment mostly is not having multiple streams of income like only relying on the profits from Bitcoin whenever emergency comes out they could be pushed to immediately sell off without any further patient.
On the moment that you do step your foot into this market then it would really be that suggested or recommended because if you've been really that too positive towards things and you've been really that anticipating that you would really be that profitable then on the moment that the market will really be having those corrections then it would really be making youself that impulsive
on which you would really be losing yourself into the plans that you had made out earlier. It would really be always important that you should really having those exit plans
and securing profits.
Of course every trader always thinks of the exit plan when they sees that market is no longer favorable since they noticed that they are running on lost or something like not that stable anymore, exit plans shows that the person has come to understand the market more better for keep such exit plan than trading blindingly and losing profits.
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HAha 2 years, naah I dont consider 2 years a great time to learn most things, as you know a person who starts everything on his own, spends most of the time in the wrong direction, as he's not clear with what to learn first and what to try first, so in finding a direction he spends most of his time as if a person has a mentor who is much experienced, there's a slight chance that he's gonna achieve great things in less time. I've been here a long time at least around 4 years+ still learning about the direction.
You spent 4 years still figuring out the direction then I suggest you find a mentor. After finding a mentor we all try to find mistakes and errors they are making in conveying their words too. I misjudged many people because they were not good at conveying their message and I take their words as lies and bluff but many people even the mentors are not good at everything.
I saw people start trading in less than 6 months and making more profit then a person is making without a mentor and learning on their own. Mentors are not necessary but we must have a community from where we can learn some specific skills like trading, managing a community for projects etc.
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Are you aware that someone people doesn't have an exit plan? They plan to HODL for life, LOL.
Maybe their exit plan is when it is said there's nothing bitcoin again.
These men keep buying and buying,
When there's low he will buy the more and wait when bitcoin will worth $1m, but before then, there's no exit plans
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Are you aware that someone people doesn't have an exit plan? They plan to HODL for life, LOL.
there are those who hold no matter what even if bitcoin goes up or down they will continue to hold while some may have less determination than that sometimes they will take out the funds when it’s already high enough for them and put it back again when the price is cheap
These men keep buying and buying,
When there's low he will buy the more and wait when bitcoin will worth $1m, but before then, there's no exit plans
well for as long as there is bitcoin and it gains value, i see no reason for us to not keep buying people who cannot afford a lot of bitcoin will do it in little amounts instead all throughout their lifetime
the good thing about bitcoin is no matter how volatile it is, it does not die which is why most of the time no one has exit plans especially if they plan to hold
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You haven't asked when I started holding that. But to give you an example, if someone has been holding since the bear market of 2018 or $3k per bitcoin.
That's more than 3x-5x already if those bitcoins that are being held is still there until today. I agree the DCA way of selling as way, everyone can do that as we please.
To be honest, I haven't thought about DCA selling because seeing that the market conditions haven't fully entered the bullish season, I will plan to sell once the bitcoin price reaches ATH again.
If you bought in 2018 and are still holding, now you have got a lot of benefits. It is the result of your patience.
I don't do that because I only follow the 4 year cycle and will sell everything during the top bullish season and buy it again during the bearish season.
Maybe we have different strategies, but everyone has their own considerations and sales targets.
I would also hold long term if I had free funds for the next 10 years, unfortunately I still have the desire to invest in the real world.
It's okay whichever strategy you'd do when you're about to sell. Whether you sell in bulk or portions, it doesn't matter because what matters is that we're able to make profit from holding. And I'd agree with you that if I am able to hold longer, I'd keep some as my retirement fund.
You haven't asked when I started holding that. But to give you an example, if someone has been holding since the bear market of 2018 or $3k per bitcoin.
That's more than 3x-5x already if those bitcoins that are being held is still there until today. I agree the DCA way of selling as way, everyone can do that as we please.
The earlier one has bought Bitcoin the more he will be profitable as the current price is much higher as compared to the past price therefore it is obvious that the holders who have held it for years will have made more profit as compared to those who are newbies.
In 2018 the price was not higher but in current year new ATH worth has been attained due to which people have targeted higher value for selling Bitcoin. With passing years the price of bitcoin increases therefore it can be said that the more you hold the more profit you will get which implies to the fact that duration of holding also matters a lot.
Yes, and that's obvious that the more BTCs we hold, the more profit we get and it's profitable for each of us that have held it when it was cheaper. That's why duration and how diamond your hands are is very important if you have long term plans.
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No one can gain all the knowledge of this world and I believe that one who says I have all the knowledge even if he/she referring to any sector/spcae is just like a sparrow who just sips a drink of water from the big sea and the left water is an example of the knowledge he/she still doesn't have. So, that is why we always stay in the learning phase and I also mentioned in my previous post that I am still learning.
You should change your mindset because you cannot gain all the knowledge of this world but you can gain all knowledge of a single field that you will choose like trading you can learn trading from scratch and in a few months you can master it if you are smart enough. If you are not smart and a slow learner then you have to spend more time. There are learners who says they can't get all the knowledge while there are other learners who have more knowledge because they learned more. In your words, their appetite was bigger so they drank more water from the sea. You have to make your appetite strong and that's why I said with devotion last time.
But here you mentioned one good thing that mentorship which is really a great fact that one can enhance his/her learning phase if he/she is under good mentorship. Well, I have seen some successful person who gets success under good mentorship and they are enjoying their life. Other than that I am still observing many things from many points of view, I get some ideas while writing posts and this thing really helps me to enhance my knowledge about the crypto space.
There are unsuccessful people too who fail under the same mentorship while other people succeed. The secret is not mentorship but believing in yourself and not making excuses that we can't do that because we can't gain all the knowledge of this world. We should learn daily and more and a day will come when there will be nothing to learn more but new techniques that you will make and others will learn.
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Yes, and that's obvious that the more BTCs we hold, the more profit we get and it's profitable for each of us that have held it when it was cheaper. That's why duration and how diamond your hands are is very important if you have long term plans.
Most of the people are familiar with Bitcoin investment and they can easily know about the price that when to buy and when to sell so all of those who buy Bitcoin by applying the DCA method will be in profit. There is no specific timing to buy Bitcoin but if a person has money and the price is also reasonable then one can invest if he has excessive knowledge about Bitcoin.
Planning for each and everything is very important and those who buy Bitcoin but have no idea that when to sell it cannot become aware of the fact that how profitable is the Bitcoin investment but due to their mistake they did not get revenue.
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I totally understand your point but you should also understand that there is a huge difference between project management and trading however as the matter of fact project management is very easy that you can acquire it within the space of two to three months because is one of the skills that's very easy and doesn't take much of a time to learn.
but when we talk about trading there is no way you can acquire the knowledge within that period because is too complex and even if you learn it for two years there is no guarantee that you will understand everything because I have seen so many experienced traders who have been on trading for more than ten years but still they cannot call themselves a professional traders because you would only call yourself a professional when you are no longer losing trades, so actually you can learn within two years but cannot really have the kind of confident other people who have been into trading for long will have.
A professional trader also loses money while trading because in trading two things are profit and loss. I agree with your all statements but a professional trader does not mean he is making all the trades in profits. He can also make a loss but the loss can be lower than what newbies are making.
I agree with your statement that trading can't be learned in 2 years even but in 2 years if a person dedicates himself to learning all the basics to advance skills for trading then he will become professional enough to make more profit. 2 Years that snow has spent can be of great benefit if he used it to learn one thing at a time and become professional in it.
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Are you aware that someone people doesn't have an exit plan? They plan to HODL for life, LOL.
Maybe their exit plan is when it is said there's nothing bitcoin again.
These men keep buying and buying,
When there's low he will buy the more and wait when bitcoin will worth $1m, but before then, there's no exit plans
Those who do not have a plan to get out of this unstable market condition, then their financial condition is quite good. They have daily income from their jobs so that their mindset is that cryptocurrency is used as a place for long-term investment and prefer to keep their assets in the exchange place no matter what happens.
We need to realize that everyone's financial condition will be different, there are those like I mentioned above and there are also those who dare to use their living expenses to enter cryptocurrency and when the price drops like this they panic and sell it at a low price.
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You have a huge experience because in 2 years people with a dedicated mindset achieve great things. I have seen people learning new skills like trading, project management, etc. Trading is not that difficult people understand it in less than 1 year by devoting their time and with the proper mindset
HAha 2 years, naah I dont consider 2 years a great time to learn most things, as you know a person who starts everything on his own, spends most of the time in the wrong direction, as he's not clear with what to learn first and what to try first, so in finding a direction he spends most of his time as if a person has a mentor who is much experienced, there's a slight chance that he's gonna achieve great things in less time. I've been here a long time at least around 4 years+ still learning about the direction.
I personally cannot determine how many years we can study this because I feel that as time goes by, there is still something that is missed. So rather than talking about time, I think it is better for us to continue learning and repeating what we have learned in the beginning, because sometimes we also forget even though we used to understand and even experience it.
This is not a matter of time in my opinion, but it is a matter of will. Will we continue to learn or be quickly satisfied with what we know.
I perceived trading to be a difficult thing for one to learn. It depends on your level of expertise for you to be perfect in it. That's not what you should learn by yourself; you need a mentor to mentor into it. Your level of interest will determine how long it will take.
I have seen someone who learns how to trade perfectly within 3 months and someone else in 6 months to master trading. It's all about their engagement tidings and how personal they took trading to be that's what took them that long since trading requires someone's time and focus all the time.
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I perceived trading to be a difficult thing for one to learn. It depends on your level of expertise for you to be perfect in it. That's not what you should learn by yourself; you need a mentor to mentor into it. Your level of interest will determine how long it will take.
I have seen someone who learns how to trade perfectly within 3 months and someone else in 6 months to master trading. It's all about their engagement tidings and how personal they took trading to be that's what took them that long since trading requires someone's time and focus all the time.
I learned to trade on my own without a mentor. Because some VIP trading groups require payment and some friends who have joined said that being ordinary does not make them smart in trading, this is what made me not join those groups. I prefer to learn by myself, do research and make my own analysis.
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My exit plan would be to sell as few bitcoins as possible, just for me to be able to have a good life.
I'm not asking for too much hopefully, but I just want to be happy.
Everyone's got their own mission here, and I'll be happy when mine is accomplished.
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I personally cannot determine how many years we can study this because I feel that as time goes by, there is still something that is missed. So rather than talking about time, I think it is better for us to continue learning and repeating what we have learned in the beginning, because sometimes we also forget even though we used to understand and even experience it.
This is not a matter of time in my opinion, but it is a matter of will. Will we continue to learn or be quickly satisfied with what we know.
I perceived trading to be a difficult thing for one to learn. It depends on your level of expertise for you to be perfect in it. That's not what you should learn by yourself; you need a mentor to mentor into it. Your level of interest will determine how long it will take.
I have seen someone who learns how to trade perfectly within 3 months and someone else in 6 months to master trading. It's all about their engagement tidings and how personal they took trading to be that's what took them that long since trading requires someone's time and focus all the time.
Our own abilities will also determine, because there are people who can understand in a short time and there are people who need a long time to really understand what they are learning.
Everyone has different abilities and also different levels of intelligence, so that will also be a difference when learning. But that doesn't mean I'm saying that people who need more time have a low level of intelligence, don't get me wrong. But maybe there are other skills and coincidentally it's different from trading.
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My exit plan would be to sell as few bitcoins as possible, just for me to be able to have a good life.
I'm not asking for too much hopefully, but I just want to be happy.
Everyone's got their own mission here, and I'll be happy when mine is accomplished.
It sounds wise, by just meeting the happiness standard ... even though it is quite difficult for some big people who have a greedy nature ... Selling everything at a high price is usually a priority option, but your method is also worth emulating ... at least with this method we can still continue the baton of bitcoin ownership without interruption ... people who do not sell everything when ATH, are wise people and still look to the future ... I salute this plan.
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My exit plan would be to sell as few bitcoins as possible, just for me to be able to have a good life.
I'm not asking for too much hopefully, but I just want to be happy.
Everyone's got their own mission here, and I'll be happy when mine is accomplished.
It sounds wise, by just meeting the happiness standard ... even though it is quite difficult for some big people who have a greedy nature ... Selling everything at a high price is usually a priority option, but your method is also worth emulating ... at least with this method we can still continue the baton of bitcoin ownership without interruption ... people who do not sell everything when ATH, are wise people and still look to the future ... I salute this plan.
I also don't sell all my bitcoins during the ATH, I will sell some with the consideration that we can wait for a higher ATH, especially for those who already understand and have followed the 4 year cycle, Top ARH is difficult to predict so we have to be prepared for that. Who knows, we can still sell it at a higher price even though it seems greedy, but it must be done with careful analysis and consideration.
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My exit plan would be to sell as few bitcoins as possible, just for me to be able to have a good life.
I'm not asking for too much hopefully, but I just want to be happy.
Everyone's got their own mission here, and I'll be happy when mine is accomplished.
It sounds wise, by just meeting the happiness standard ... even though it is quite difficult for some big people who have a greedy nature ... Selling everything at a high price is usually a priority option, but your method is also worth emulating ... at least with this method we can still continue the baton of bitcoin ownership without interruption ... people who do not sell everything when ATH, are wise people and still look to the future ... I salute this plan.
I also don't sell all my bitcoins during the ATH, I will sell some with the consideration that we can wait for a higher ATH, especially for those who already understand and have followed the 4 year cycle, Top ARH is difficult to predict so we have to be prepared for that. Who knows, we can still sell it at a higher price even though it seems greedy, but it must be done with careful analysis and consideration.
Certainly, not selling Bitcoins completely during ATH (All-Time High) can be a logical strategy. Most investors prefer to sell shares, as they want to wait for a higher ATH.
While following a 4-year cycle, predicting the top ATH is challenging, it is possible to make predictions using market analysis and past trends. Despite being greedy, higher prices may have the potential to sell for profit. However, this should be done with careful analysis and consideration to avoid making wrong decisions and ensure maximum profit.
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In order to exit long-term investments correctly, you need to plan the time and price of exit correctly, that is, you need to decide how long you are willing to wait to sell at a certain price X and if this does not happen, you should plan another outcome in which you will need this money or you will see that the bar you set for yourself is unattainable, you will need to reconsider it and sell this asset much cheaper than the expected price, but it is worth considering that there are always waves of peaks and declines in the market and if the market is currently peaking, then you should not invest now, for example, 3-4 years ahead, it is better to wait a year and only then start investing, with exiting the market everything is the same, only the other way around and you need to plan the exit for exactly the time when the market is expected to peak, this time it is the end of the year, the beginning of the next.
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My exit plan would be to sell as few bitcoins as possible, just for me to be able to have a good life.
I'm not asking for too much hopefully, but I just want to be happy.
Everyone's got their own mission here, and I'll be happy when mine is accomplished.
People like you who are satisfied with little profit are wise individuals and they will easily enjoy their little profit while those who have a high level of greed can never become satisfied with their earned amount.
Such thoughts are good and I appreciate it because those who become happy with little amount can control their emotions easily and eventually their accumulated profit is more than hoped. Happiness and satisfaction should be the priority because if you can be happy with little profit then it will be enough for you otherwise you will wait again and again and will lose the appropriate chance at the end.
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There's actually no exist plan for me because I'm going to hold my Bitcoin for long term, at least for next 10 to 20 years and I hope by then I might not need to have any financial worries.
In this bull run I do buy and my coins time after time to secure profit for me and I believe this cycle is going to last at least a year more and that's why I'll keep buying and selling and make profits time after time.
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Certainly, not selling Bitcoins completely during ATH (All-Time High) can be a logical strategy. Most investors prefer to sell shares, as they want to wait for a higher ATH.
While following a 4-year cycle, predicting the top ATH is challenging, it is possible to make predictions using market analysis and past trends. Despite being greedy, higher prices may have the potential to sell for profit. However, this should be done with careful analysis and consideration to avoid making wrong decisions and ensure maximum profit.
In my personal point of view I don't think the bitcoin bull season has started yet and so We don't need to make sell as this quickly because if we want the best profit in this season we have to wait the 2025 first Q.
Although everyone have different strategies but my exit point would be in this bull season on at leat the 100k. Although I also would like to hold the fund for more cycles. And I will also continue my DCA investment on bitcoin as well.
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Certainly, not selling Bitcoins completely during ATH (All-Time High) can be a logical strategy. Most investors prefer to sell shares, as they want to wait for a higher ATH.
While following a 4-year cycle, predicting the top ATH is challenging, it is possible to make predictions using market analysis and past trends. Despite being greedy, higher prices may have the potential to sell for profit. However, this should be done with careful analysis and consideration to avoid making wrong decisions and ensure maximum profit.
In my personal point of view I don't think the bitcoin bull season has started yet and so We don't need to make sell as this quickly because if we want the best profit in this season we have to wait the 2025 first Q.
Although everyone have different strategies but my exit point would be in this bull season on at leat the 100k. Although I also would like to hold the fund for more cycles. And I will also continue my DCA investment on bitcoin as well.
If you're optimistic towards the market, you might think that the bull run might start as early as Q4 of this year, but if you're thinking realistically, Q1 of 2025 would be the most realistic one.
If we will look at how Bitcoin's price moved in 2020, the price remained stagnant for most of the year, and it started to went up at the month of October. Will it happen again this year? It might be. I mean we still have more than a month for it to happen. There's a chance that it can happen if it will repeat what happened in the past. As an investor, we must focus on what we must do and that's to continue to accumulate still. I mean if you will buy at this time, and will wait for Bitcoin to reach $100,000 then you can nearly double your money in just a span of a few months. That is, if the bull run will happen in either Q4 of 2024 or Q1 of 2025.
Whatever happens, don't fall in love with your assets, and always, always have an exit plan. We are investors and our main priority is to make profit and the profit only comes when we are selling our assets. :)
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I perceived trading to be a difficult thing for one to learn. It depends on your level of expertise for you to be perfect in it. That's not what you should learn by yourself; you need a mentor to mentor into it. Your level of interest will determine how long it will take.
I have seen someone who learns how to trade perfectly within 3 months and someone else in 6 months to master trading. It's all about their engagement tidings and how personal they took trading to be that's what took them that long since trading requires someone's time and focus all the time.
Yup, I can agree with every single word of yours just in the first paragraph haha, That really depends on how long a person takes to process the basics because its your intentions that decide your future potential and the learning time required. Trading is a massive domain and there are some full time career options in trading not by just trading even if you are good at decision making you can get many opportunities. personally, if you are good at learning and processing multiple things, you should try a week or more to learn about trading.
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Certainly, not selling Bitcoins completely during ATH (All-Time High) can be a logical strategy. Most investors prefer to sell shares, as they want to wait for a higher ATH.
While following a 4-year cycle, predicting the top ATH is challenging, it is possible to make predictions using market analysis and past trends. Despite being greedy, higher prices may have the potential to sell for profit. However, this should be done with careful analysis and consideration to avoid making wrong decisions and ensure maximum profit.
In my personal point of view I don't think the bitcoin bull season has started yet and so We don't need to make sell as this quickly because if we want the best profit in this season we have to wait the 2025 first Q.
Although everyone have different strategies but my exit point would be in this bull season on at leat the 100k. Although I also would like to hold the fund for more cycles. And I will also continue my DCA investment on bitcoin as well.
Many people say the bullish season will happen in Q1 next year 2025, so be patient. We have not entered the bearish, we should wait for the bitcoin price to reach $ 100K then we can sell our bitcoins to make a profit. We don't need to rush to conclude this is bearish, this is just a correction from bitcoin that causes the altcoin price to fall.
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I perceived trading to be a difficult thing for one to learn. It depends on your level of expertise for you to be perfect in it. That's not what you should learn by yourself; you need a mentor to mentor into it. Your level of interest will determine how long it will take.
I have seen someone who learns how to trade perfectly within 3 months and someone else in 6 months to master trading. It's all about their engagement tidings and how personal they took trading to be that's what took them that long since trading requires someone's time and focus all the time.
Yup, I can agree with every single word of yours just in the first paragraph haha, That really depends on how long a person takes to process the basics because its your intentions that decide your future potential and the learning time required. Trading is a massive domain and there are some full time career options in trading not by just trading even if you are good at decision making you can get many opportunities. personally, if you are good at learning and processing multiple things, you should try a week or more to learn about trading.
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If we have expertise and experience in trading we can get bigger profits than just holding long term, with big capital. because if our capital is small the profit we will get is also small. Many people are trying to learn trading, I am too but I am not an expert in trading because I do not focus on learning.e]
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I perceived trading to be a difficult thing for one to learn. It depends on your level of expertise for you to be perfect in it. That's not what you should learn by yourself; you need a mentor to mentor into it. Your level of interest will determine how long it will take.
I have seen someone who learns how to trade perfectly within 3 months and someone else in 6 months to master trading. It's all about their engagement tidings and how personal they took trading to be that's what took them that long since trading requires someone's time and focus all the time.
Yup, I can agree with every single word of yours just in the first paragraph haha, That really depends on how long a person takes to process the basics because its your intentions that decide your future potential and the learning time required. Trading is a massive domain and there are some full time career options in trading not by just trading even if you are good at decision making you can get many opportunities. personally, if you are good at learning and processing multiple things, you should try a week or more to learn about trading.
If we have expertise and experience in trading we can get bigger profits than just holding long term, with big capital. because if our capital is small the profit we will get is also small. Many people are trying to learn trading, I am too but I am not an expert in trading because I do not focus on learning.
Sir your post needs a little correction I've made it in my quote, so make sure to check it first, Trading cant bring haha more profit than holding let me let you, 90% of traders lose what they earn, yup there's an exception for the Experienced people who have emotional. That's hard to find such people who have great emotional control.
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Sir your post needs a little correction I've made it in my quote, so make sure to check it first, Trading cant bring haha more profit than holding let me let you, 90% of traders lose what they earn, yup there's an exception for the Experienced people who have emotional. That's hard to find such people who have great emotional control.
For beginners, indeed, trading is very risky, and it would be much wiser and worth it to just invest and hold coins. And it's not just any coins, make sure that beginners invest their money in top coins only, because if new coins, especially those with hype capital, then the possibility of loss is also very high, and this is very risky, not recommended for beginners.
And really, unless you have become an experienced pro trader, then trading becomes their daily income activity and the results can be extraordinary.
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Sir your post needs a little correction I've made it in my quote, so make sure to check it first, Trading cant bring haha more profit than holding let me let you, 90% of traders lose what they earn, yup there's an exception for the Experienced people who have emotional. That's hard to find such people who have great emotional control.
For beginners, indeed, trading is very risky, and it would be much wiser and worth it to just invest and hold coins. And it's not just any coins, make sure that beginners invest their money in top coins only, because if new coins, especially those with hype capital, then the possibility of loss is also very high, and this is very risky, not recommended for beginners.
And really, unless you have become an experienced pro trader, then trading becomes their daily income activity and the results can be extraordinary.
Becoming an experienced pro trader takes a long time to gain knowledge and skills as a trader, and also costs because when learning we will experience defeat and loss. Everything requires a process and it will take a long time. but if we want to play it safe, we can become a holder by trying to learn to become a professional trader gradually.
I have been doing this for 10 years, and I am not a professional trader, I just learned to be a trader by managing my emotions and finances so as not to suffer defeat.
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I personally cannot determine how many years we can study this because I feel that as time goes by, there is still something that is missed. So rather than talking about time, I think it is better for us to continue learning and repeating what we have learned in the beginning, because sometimes we also forget even though we used to understand and even experience it.
This is not a matter of time in my opinion, but it is a matter of will. Will we continue to learn or be quickly satisfied with what we know.
I agree with your statement that it's not about time but about will. If you are willing to learn, act, correct and repeat then you don't have to consider time because if you are learning and also taking action and then correcting yourself and repeating the cycle then you have already reached a point where your life has become more easier then it was starting the cycle.
Therefore we should not be seeing time as a measurement to judge if we have got enough or not. Some people start early but reach their point late and on the other hand, some people start late but achieve their target early. Time is different for everyone so we should not judge time as a tool to measure success in competition to any other person.
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- In the strategy of trading, you should know as a trader when to wait so that you can sell the crypto assets you hold that you believe in so that you can really get your aim profit in this field of crypto space.
Because if this happens, it is for sure that you will get what you want, because if you do not have a definite price target, it is for sure that your holding will return to nothing or instead your profit should be large and will be reduced by a large amount because in your pursuit of a large income.
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I personally cannot determine how many years we can study this because I feel that as time goes by, there is still something that is missed. So rather than talking about time, I think it is better for us to continue learning and repeating what we have learned in the beginning, because sometimes we also forget even though we used to understand and even experience it.
This is not a matter of time in my opinion, but it is a matter of will. Will we continue to learn or be quickly satisfied with what we know.
I agree with your statement that it's not about time but about will. If you are willing to learn, act, correct and repeat then you don't have to consider time because if you are learning and also taking action and then correcting yourself and repeating the cycle then you have already reached a point where your life has become more easier then it was starting the cycle.
Therefore we should not be seeing time as a measurement to judge if we have got enough or not. Some people start early but reach their point late and on the other hand, some people start late but achieve their target early. Time is different for everyone so we should not judge time as a tool to measure success in competition to any other person.
Yes, if we focus on time, then maybe we will stop learning when we reach the time we have set at the beginning, while in life we must continue to update our knowledge.
At first glance, trading may only require strategy, technical analysis, fundamentals and others. The problem in practice will not be that simple. Along the way we must continue to develop it and one of them is by continuing to learn.
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At first glance, trading may only require strategy, technical analysis, fundamentals and others. The problem in practice will not be that simple. Along the way we must continue to develop it and one of them is by continuing to learn.
Theoretically, maybe we can understand it quite easily. But practically, sometimes it turns out to be much more difficult than we think. Because basically, market flow is often unpredictable, sometimes our market analysis will experience a good increase. but it turns out the opposite. And not to mention the personal when we are really stuck and become emotional when we keep losing in trading. That will make us even more dizzy.
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You will not find a perfect plan that works for everyone, so each of us must have his own plan based on his circumstances, investment plan, taxes, age, social and economic status, and the younger you are, the better it is to leave some Bitcoin untouched for +10 years.
That's the thing there are so many different things in this equation a plan good for somebody will be really bad for others, not everyone can wait 10 years, not everyone needs that money that much, and most importantly it comes to the size of the stash.
Somebody who is upper middle income with a few coins would not really care about a 10-20% swing but someone who has quit his job for this and got loans to buy in might have a different opinion.
Also, why do we talk about "exit" strategies, converting back to fiat seems like ....treachery? ;D
The more one deals with investments, the better one becomes at investing. If you have been investing for a long time, you will have a lot of knowledge. Everyone's investment plan should be different depending on his personal situation, taxes, age, and socio-economic status. There is no perfect plan for everyone. However, the younger you are, the more long-term (10+ years) holding strategies like Bitcoin can benefit you. There are no restrictions on holding bitcoins, anyone can invest here.
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I am looking at an exit plan for when bitcoin skyrockets to $100k-$150k. I believe it will happen next year probably. By that time, most of my investment in bitcoin and altcoins well fetched me many profits. I will be looking at selling some 80% of my bitcoin holdings and all of my altcoins holdings. Failure to do so and bitcoin begin to decrease will cause me to lose a huge amount of profits I would have gained when bitcoin was at a high price.
The price of bitcoin will touch $199K next year, many people predict this. I also agree with you, if the price of bitcoin reaches more than $100K, we sell 80% and leave the rest to sell at the highest point, maybe $150K, so that we don't regret that we sold bitcoin too low if there will be a highest point.
Without a doubt, the majority have a plan, and it is in some ways the right thing to do, but I think that a large majority does not think that way, they simply hodl their bitcoins, and when they need it, well exchange, it is that simple for many, others will even leave their bitcoins for decades even as a legacy for others to decide.
People who have large capital to buy bitcoin will do something simple, just buy and hold long term. It might even be passed on to their descendants as you said.
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⭐ What are your exit plans for this cycle? (As profit booking is necessary for an investor)
This cycle is somehow controversial and it will be very hard for one to have an exit plan without a due diligence study of the market in all directions. Technically, we are suppose to be in the bull season but we’re yet to witness it in full fledge and the market keeps consolidating which is not a good sign to even sit and analyse a perfect exit plan for the market.
⭐ How long do you think this cycle will take in conclusion?
This cycle can span through this year till next year, from next year to mid next year to probably even end of the year. End of the year is not that certain but I feel the market will move to mid next year before this cycle comes to an end.
⭐ What can be the optimistic TOP?
Anything above $100K okay for me.
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The more one deals with investments, the better one becomes at investing. If you have been investing for a long time, you will have a lot of knowledge. Everyone's investment plan should be different depending on his personal situation, taxes, age, and socio-economic status. There is no perfect plan for everyone. However, the younger you are, the more long-term (10+ years) holding strategies like Bitcoin can benefit you. There are no restrictions on holding bitcoins, anyone can invest here.
If I had knowledge about crypto 10 years ago, maybe I would have invested and bought crypto at a cheap price, unfortunately at that time because of lack of understanding and experience I was worried about buying bitcoin. Discussing the more often we invest, the more experience we will have. Currently I only have a medium-term investment plan following a 4-year cycle, I don't have a long-term hold, for example 10 years, because I'm not young anymore.
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You will not find a perfect plan that works for everyone, so each of us must have his own plan based on his circumstances, investment plan, taxes, age, social and economic status, and the younger you are, the better it is to leave some Bitcoin untouched for +10 years.
Although Bitcoin has crashed many times in its history, it has pumped much higher on average. Because if we look at the opening price of Bitcoin or the previous ATHs, according to that, the price of Bitcoin is still very pumped. However, Bitcoin's bear season is currently underway. So if one can hold Bitcoin for a long period of time like 10 years then it can be said that he will get a huge return.
The best plan, in my opinion, is to sell 50%-70% of what you own at a price of $140,000 to $180,000 and then buy again at a price of $70,000 to $80,000.
I support your plan because when you sell bitcoins it will be very profitable if you can buy them back at 40-50% down. But to sell bitcoins at such a price you need to be very skilled with bitcoins. Because it is very difficult to understand that Bitcoin will dump 40-50% again after touching any price
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The more one deals with investments, the better one becomes at investing. If you have been investing for a long time, you will have a lot of knowledge. Everyone's investment plan should be different depending on his personal situation, taxes, age, and socio-economic status. There is no perfect plan for everyone. However, the younger you are, the more long-term (10+ years) holding strategies like Bitcoin can benefit you. There are no restrictions on holding bitcoins, anyone can invest here.
If I had knowledge about crypto 10 years ago, maybe I would have invested and bought crypto at a cheap price, unfortunately at that time because of lack of understanding and experience I was worried about buying bitcoin. Discussing the more often we invest, the more experience we will have. Currently I only have a medium-term investment plan following a 4-year cycle, I don't have a long-term hold, for example 10 years, because I'm not young anymore.
I have introduced with crypto market at the year of 2010 and its almost 13 year before. I got many chances to buy btc and top altcoin as well but fortune didn’t support me finally. I always try to hold but without having plan of exit from the market i didn’t make loss but i didn’t get much profit all the time.It 's same like you that i had lack of much knowledge behind crypto market. Though i didn’t get much from my investment but also i got enough to male a sweet home. So I always try to learn how to exit from the market and i always set a level after having a huge pump and finally i started to exit from market with good amount of profit. We all need to have a plan where we need to exit it help to exit with profit and also minimize our risk factor.
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⭐ What are your exit plans for this cycle? (As profit booking is necessary for an investor)
It is not an exit plan if it's just for this cycle. When I say exit, I'd totally have an entire exit to the market and will never be back again.
That's what an exit plan means to me and if it's about booking profits, I have the same plan as the others when I see $80k-$100k.
Those prices are ideal for someone who wants to book a profit but $60k-$70k, it also means profit to many holders that have been there before those prices.
What matters is as long as we're happy taking and booking those profits, that means a lot already to us.
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Are you aware that someone people doesn't have an exit plan? They plan to HODL for life, LOL.
Maybe their exit plan is when it is said there's nothing bitcoin again.
These men keep buying and buying,
When there's low he will buy the more and wait when bitcoin will worth $1m, but before then, there's no exit plans
Those who do not have a plan to get out of this unstable market condition, then their financial condition is quite good. They have daily income from their jobs so that their mindset is that cryptocurrency is used as a place for long-term investment and prefer to keep their assets in the exchange place no matter what happens.
We need to realize that everyone's financial condition will be different, there are those like I mentioned above and there are also those who dare to use their living expenses to enter cryptocurrency and when the price drops like this they panic and sell it at a low price.
That is a very true statement. The exit plan of an investor depends so much on the financial ability of that very investor. If Mr Alice has a stable job apart from cryptocurrency, has a very nice emergency fund and does not depend on investment money to take care of family and daily need, he might not even have any exit plan. But in the other hand if Miss Bob, is not financially strong and not sure of where their next meal will come from, they will eventually have an exit plan. Infact, there are chances that he might even defile his exit plan.
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Many people say the bullish season will happen in Q1 next year 2025, so be patient. We have not entered the bearish, we should wait for the bitcoin price to reach $ 100K then we can sell our bitcoins to make a profit. We don't need to rush to conclude this is bearish, this is just a correction from bitcoin that causes the altcoin price to fall.
I have also said that in my post that there is a big chance of that starting the bullish season on the first Q of 2025 and what basis I said this was the previous records of bitcoin like if you are make a simple analysis with the price of bitcoin in the past seasons then you will saw that after the halving the market take around one year for making the bull season start.
So holder will hold to the end and the others who come to crypto withe hype will make rush and will make quick sell for panicking.
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Sir your post needs a little correction I've made it in my quote, so make sure to check it first, Trading cant bring haha more profit than holding let me let you, 90% of traders lose what they earn, yup there's an exception for the Experienced people who have emotional. That's hard to find such people who have great emotional control.
For beginners, indeed, trading is very risky, and it would be much wiser and worth it to just invest and hold coins. And it's not just any coins, make sure that beginners invest their money in top coins only, because if new coins, especially those with hype capital, then the possibility of loss is also very high, and this is very risky, not recommended for beginners.
And really, unless you have become an experienced pro trader, then trading becomes their daily income activity and the results can be extraordinary.
Becoming an experienced pro trader takes a long time to gain knowledge and skills as a trader, and also costs because when learning we will experience defeat and loss. Everything requires a process and it will take a long time. but if we want to play it safe, we can become a holder by trying to learn to become a professional trader gradually.
I have been doing this for 10 years, and I am not a professional trader, I just learned to be a trader by managing my emotions and finances so as not to suffer defeat.
For someone who can't trade in crypto, hodling of top coins is advised. Many of us have been advised in our early days in crypto that hodling of coins like Bitcoin for long term is far better than trading that requires expertise in it before starting up.
I think many people like me here are not interested in becoming professional traders in crypto. They are comfortable hodling coins of their choice in their portfolio and selling them at any time they please without the much complaints of loss of investment
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For someone who can't trade in crypto, hodling of top coins is advised. Many of us have been advised in our early days in crypto that hodling of coins like Bitcoin for long term is far better than trading that requires expertise in it before starting up.
I think many people like me here are not interested in becoming professional traders in crypto. They are comfortable hodling coins of their choice in their portfolio and selling them at any time they please without the much complaints of loss of investment
Trading is something that is not easy because it requires experience and expertise in making analysis. We also need a free time to focus, because we have to monitor the market and see the movements of the coins we choose.
If you feel comfortable being a holder, it's a good decision because being a professional trader is not easy.
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⭐ What are your exit plans for this cycle? (As profit booking is necessary for an investor)
Doesn't it depend on how someone invests?? So the way out also depends on how to start....a short trader will definitely sell his assets when he is sure to get profit, while long-term investors usually enter the cryptocurrency world by DCA and their withdrawal strategy is also with a special strategy... one example is https://bitcoindata.science/withdrawal-strategy ...the simulation of the tool I think is better because it is almost the same as DCA but this is the withdrawal version, not the purchase version.
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⭐ What are your exit plans for this cycle? (As profit booking is necessary for an investor)
Doesn't it depend on how someone invests?? So the way out also depends on how to start....a short trader will definitely sell his assets when he is sure to get profit, while long-term investors usually enter the cryptocurrency world by DCA and their withdrawal strategy is also with a special strategy... one example is https://bitcoindata.science/withdrawal-strategy ...the simulation of the tool I think is better because it is almost the same as DCA but this is the withdrawal version, not the purchase version.
Forget about shitcoin because it will only bring losses because the risk is greater than buying other coins. From the beginning I invested in crypto I was not interested in buying shitcoin at all, because I think it is very dangerous and I am not interested in stories of people who get high profits from shitcoins. Investing is full of risks, but take the smallest risk.
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At first glance, trading may only require strategy, technical analysis, fundamentals and others. The problem in practice will not be that simple. Along the way we must continue to develop it and one of them is by continuing to learn.
Theoretically, maybe we can understand it quite easily. But practically, sometimes it turns out to be much more difficult than we think. Because basically, market flow is often unpredictable, sometimes our market analysis will experience a good increase. but it turns out the opposite. And not to mention the personal when we are really stuck and become emotional when we keep losing in trading. That will make us even more dizzy.
When we are dealing directly with the market, we will feel what is happening in real time, and it is indeed not easy to do direct practice even though in theory we can master it.
When theorizing we will not need mentality, but when we do it, mentality will be very influential, and that is one of the things that can make our concentration and focus disappear. This requires a balance between one and the other, whether it is something that is directly related to the market or outside of it.
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Hi, fellow Bitcoiners,
I’d love to hear your thoughts on a couple of topics. While we often discuss accumulation strategies, having a solid exit plan is equally crucial. Without an effective exit strategy, all your hard work in accumulating Bitcoin could go to waste. Below are a few general questions—feel free to share your views! I'll drop my views and strategy while replying to most of the posts.
⭐ What are your exit plans for this cycle? (As profit booking is necessary for an investor)
⭐ How long do you think this cycle will take in conclusion?
⭐ What can be the optimistic TOP?
When you say "Without an effective exit strategy, all your hard work in accumulating Bitcoin could go to waste", it makes bitcoin appear like some kind of shit coin or some form of a ponzi scheme where users need to hurriedly take their money out as soon as they are in profit before they are rugged, or the ponzi scheme folds up.
As much as I understand the angle you are coming from, you also have to understand that bitcoin is a different ball game, and many are not accumulating bitcoin for the short term, or to hurriedly dump it as soon as they see a small percentage of profit on their investment, for people like myself, I know that bitcoin is here to stay, and I accumulate with long term goals in mind.
Cryptos I usually have an exit plan on are Altcoins, which is why as I invest in bitcoin, I also invest in good Altcoin because with money made from Altcoins, I can not only live a good life, but can also help me accumulate even more bitcoin for my future generation coming.
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At first glance, trading may only require strategy, technical analysis, fundamentals and others. The problem in practice will not be that simple. Along the way we must continue to develop it and one of them is by continuing to learn.
Theoretically, maybe we can understand it quite easily. But practically, sometimes it turns out to be much more difficult than we think. Because basically, market flow is often unpredictable, sometimes our market analysis will experience a good increase. but it turns out the opposite. And not to mention the personal when we are really stuck and become emotional when we keep losing in trading. That will make us even more dizzy.
When we are dealing directly with the market, we will feel what is happening in real time, and it is indeed not easy to do direct practice even though in theory we can master it.
When theorizing we will not need mentality, but when we do it, mentality will be very influential, and that is one of the things that can make our concentration and focus disappear. This requires a balance between one and the other, whether it is something that is directly related to the market or outside of it.
Theory is not always wrong, because when we are dealing with the live market we can develop the theory we get adjusted to market conditions. I think everyone initially learns from theory, especially in the crypto world we need the knowledge we get by reading the theory first and then we do the practice.
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When we are dealing directly with the market, we will feel what is happening in real time, and it is indeed not easy to do direct practice even though in theory we can master it.
When theorizing we will not need mentality, but when we do it, mentality will be very influential, and that is one of the things that can make our concentration and focus disappear. This requires a balance between one and the other, whether it is something that is directly related to the market or outside of it.
Theory is not always wrong, because when we are dealing with the live market we can develop the theory we get adjusted to market conditions. I think everyone initially learns from theory, especially in the crypto world we need the knowledge we get by reading the theory first and then we do the practice.
No one says that theory is wrong, it will still be our basis in trading, it's just that it will be a little different when we practice it directly in the market, I think I said the same thing before.
Of course we have to develop it again according to the current market conditions. Because only relying on theory without adjusting it to market conditions at that time, it is also not good because it does not have a match.
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Many people say the bullish season will happen in Q1 next year 2025, so be patient. We have not entered the bearish, we should wait for the bitcoin price to reach $ 100K then we can sell our bitcoins to make a profit. We don't need to rush to conclude this is bearish, this is just a correction from bitcoin that causes the altcoin price to fall.
I have also said that in my post that there is a big chance of that starting the bullish season on the first Q of 2025 and what basis I said this was the previous records of bitcoin like if you are make a simple analysis with the price of bitcoin in the past seasons then you will saw that after the halving the market take around one year for making the bull season start.
So holder will hold to the end and the others who come to crypto withe hype will make rush and will make quick sell for panicking.
According to the 4-year circle, the Bitcoin price increased a lot in the first quarter of 2025, but the Bitcoin price will dump at the highest rate in the last quarter. the current condition of Bitcoin cannot be called a bear market as the price of Bitcoin is not in a deep dip, its price has only fallen slightly from the latest ATH for correction and will soon meet it. So I think those who are currently thinking of holding on to Bitcoin are still on the right track. Elections are going on in America now and one of America's Democratic candidates, Donald Trump, has promised to do something positive with Bitcoin if he wins the election. So if this is the case then the price of Bitcoin may change at an abnormal rate.
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Many people say the bullish season will happen in Q1 next year 2025, so be patient. We have not entered the bearish, we should wait for the bitcoin price to reach $ 100K then we can sell our bitcoins to make a profit. We don't need to rush to conclude this is bearish, this is just a correction from bitcoin that causes the altcoin price to fall.
I have also said that in my post that there is a big chance of that starting the bullish season on the first Q of 2025 and what basis I said this was the previous records of bitcoin like if you are make a simple analysis with the price of bitcoin in the past seasons then you will saw that after the halving the market take around one year for making the bull season start.
So holder will hold to the end and the others who come to crypto withe hype will make rush and will make quick sell for panicking.
According to the 4-year circle, the Bitcoin price increased a lot in the first quarter of 2025, but the Bitcoin price will dump at the highest rate in the last quarter. the current condition of Bitcoin cannot be called a bear market as the price of Bitcoin is not in a deep dip, its price has only fallen slightly from the latest ATH for correction and will soon meet it. So I think those who are currently thinking of holding on to Bitcoin are still on the right track. Elections are going on in America now and one of America's Democratic candidates, Donald Trump, has promised to do something positive with Bitcoin if he wins the election. So if this is the case then the price of Bitcoin may change at an abnormal rate.
It's true that bitcoin is only experiencing a decline and it's just a correction so we don't need to panic. Bullish season will happen next year so we still have to wait a long time and don't need to be influenced by the news and current conditions.
about the election in the US, I actually don't really like what politicians say during the campaign, but hopefully Trump's words are true and will be carried out as his promise to support crypto.
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According to the 4-year circle, the Bitcoin price increased a lot in the first quarter of 2025, but the Bitcoin price will dump at the highest rate in the last quarter. the current condition of Bitcoin cannot be called a bear market as the price of Bitcoin is not in a deep dip, its price has only fallen slightly from the latest ATH for correction and will soon meet it. So I think those who are currently thinking of holding on to Bitcoin are still on the right track. Elections are going on in America now and one of America's Democratic candidates, Donald Trump, has promised to do something positive with Bitcoin if he wins the election. So if this is the case then the price of Bitcoin may change at an abnormal rate.
It not guaranteed that bitcoin will get in the bull market in the first quarter of 2025 but we are can predict it on the previous records.
And talking about the investment I will also add those are also looking for adopting more bitcoin with the target of the next bull season those are also in the right tack. And I am also following this and holding bitcoin weekly with the DCA strategy. And I want to also agree on that the USA election can make good impact on the crypto market especially on the next bull season if the trump won in election.
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According to the 4-year circle, the Bitcoin price increased a lot in the first quarter of 2025, but the Bitcoin price will dump at the highest rate in the last quarter. the current condition of Bitcoin cannot be called a bear market as the price of Bitcoin is not in a deep dip, its price has only fallen slightly from the latest ATH for correction and will soon meet it. So I think those who are currently thinking of holding on to Bitcoin are still on the right track. Elections are going on in America now and one of America's Democratic candidates, Donald Trump, has promised to do something positive with Bitcoin if he wins the election. So if this is the case then the price of Bitcoin may change at an abnormal rate.
It not guaranteed that bitcoin will get in the bull market in the first quarter of 2025 but we are can predict it on the previous records.
And talking about the investment I will also add those are also looking for adopting more bitcoin with the target of the next bull season those are also in the right tack. And I am also following this and holding bitcoin weekly with the DCA strategy. And I want to also agree on that the USA election can make good impact on the crypto market especially on the next bull season if the trump won in election.
Based on the previous 4-year cycle, it is estimated that in 20255 we will see a bullish season, possibly at the beginning or later, there is no guarantee that it will happen, but based on what has happened, we can predict that the bullish season will occur a year after the Bitcoin halving.
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According to the 4-year circle, the Bitcoin price increased a lot in the first quarter of 2025, but the Bitcoin price will dump at the highest rate in the last quarter. the current condition of Bitcoin cannot be called a bear market as the price of Bitcoin is not in a deep dip, its price has only fallen slightly from the latest ATH for correction and will soon meet it. So I think those who are currently thinking of holding on to Bitcoin are still on the right track. Elections are going on in America now and one of America's Democratic candidates, Donald Trump, has promised to do something positive with Bitcoin if he wins the election. So if this is the case then the price of Bitcoin may change at an abnormal rate.
It not guaranteed that bitcoin will get in the bull market in the first quarter of 2025 but we are can predict it on the previous records.
And talking about the investment I will also add those are also looking for adopting more bitcoin with the target of the next bull season those are also in the right tack. And I am also following this and holding bitcoin weekly with the DCA strategy. And I want to also agree on that the USA election can make good impact on the crypto market especially on the next bull season if the trump won in election.
Based on the previous 4-year cycle, it is estimated that in 20255 we will see a bullish season, possibly at the beginning or later, there is no guarantee that it will happen, but based on what has happened, we can predict that the bullish season will occur a year after the Bitcoin halving.
Basing up on previous cycle then Q4 of 2025 might be the end of cycle on which considered out to be the start of new cyle. We cant be able to say that it would be the bearish but most likely it would really be heading that way. This is why planning your exits would really be something important so that you wont really be caughting up yourself when the market would really be making its reversal or change trend. It would really be hard for you to miss out on taking profits because if it happens then you would really be holding your position for another 4 years before you would be able to recover or break even.
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Basing up on previous cycle then Q4 of 2025 might be the end of cycle on which considered out to be the start of new cyle. We cant be able to say that it would be the bearish but most likely it would really be heading that way. This is why planning your exits would really be something important so that you wont really be caughting up yourself when the market would really be making its reversal or change trend. It would really be hard for you to miss out on taking profits because if it happens then you would really be holding your position for another 4 years before you would be able to recover or break even.
I think we should have a target to sell our bitcoin and coins gradually so that we don't lose during the bull season. We can target $100K bitcoin price, sell some and then sell again at a higher price, and be ready to sell all our assets before the end of the bull season which will probably happen late next year.
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Doesn't it depend on how someone invests?? So the way out also depends on how to start....a short trader will definitely sell his assets when he is sure to get profit, while long-term investors usually enter the cryptocurrency world by DCA and their withdrawal strategy is also with a special strategy... one example is https://bitcoindata.science/withdrawal-strategy ...the simulation of the tool I think is better because it is almost the same as DCA but this is the withdrawal version, not the purchase version.
Thanks for this useful reference i'm currently checking most replies and sooner I will lock the thread haha if possible because it was not a self-moderated thread so I am not sure. But one thing is for sure I'm gonna pin some useful tips from different users in the OP.
Or I will compile a reply and quote it in OP, so everyone can check, hehe while writing I've got another idea to create a new thread based on the same idea haha anyway that it.
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Basing up on previous cycle then Q4 of 2025 might be the end of cycle on which considered out to be the start of new cyle. We cant be able to say that it would be the bearish but most likely it would really be heading that way. This is why planning your exits would really be something important so that you wont really be caughting up yourself when the market would really be making its reversal or change trend. It would really be hard for you to miss out on taking profits because if it happens then you would really be holding your position for another 4 years before you would be able to recover or break even.
You are right and here I want to also said that those peoples who do the DCA investment on Bitcoin can still continue their strategy but the peoples who are looking for the big investment on bitcoin they they should start accumulation of their fund for investing in the next bear season may be it come on the 2027 or end of the 2026 but until now we can predict that the 2025 year can be a good year for cryptocurrency.
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Basing up on previous cycle then Q4 of 2025 might be the end of cycle on which considered out to be the start of new cyle. We cant be able to say that it would be the bearish but most likely it would really be heading that way. This is why planning your exits would really be something important so that you wont really be caughting up yourself when the market would really be making its reversal or change trend. It would really be hard for you to miss out on taking profits because if it happens then you would really be holding your position for another 4 years before you would be able to recover or break even.
You are right and here I want to also said that those peoples who do the DCA investment on Bitcoin can still continue their strategy but the peoples who are looking for the big investment on bitcoin they they should start accumulation of their fund for investing in the next bear season may be it come on the 2027 or end of the 2026 but until now we can predict that the 2025 year can be a good year for cryptocurrency.
Honestly, I haven't thought about the capital to buy bitcoin in 2026 and 2027, currently I am only focused on getting profit in 2025 during the bullish season by using the DCA method to increase my crypto assets, I also trade to get profit so that my assets always increase before the bullish season.
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Basing up on previous cycle then Q4 of 2025 might be the end of cycle on which considered out to be the start of new cyle. We cant be able to say that it would be the bearish but most likely it would really be heading that way. This is why planning your exits would really be something important so that you wont really be caughting up yourself when the market would really be making its reversal or change trend. It would really be hard for you to miss out on taking profits because if it happens then you would really be holding your position for another 4 years before you would be able to recover or break even.
You are right and here I want to also said that those peoples who do the DCA investment on Bitcoin can still continue their strategy but the peoples who are looking for the big investment on bitcoin they they should start accumulation of their fund for investing in the next bear season may be it come on the 2027 or end of the 2026 but until now we can predict that the 2025 year can be a good year for cryptocurrency.
Honestly, I haven't thought about the capital to buy bitcoin in 2026 and 2027, currently I am only focused on getting profit in 2025 during the bullish season by using the DCA method to increase my crypto assets, I also trade to get profit so that my assets always increase before the bullish season.
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According to the 4-year circle, the Bitcoin price increased a lot in the first quarter of 2025, but the Bitcoin price will dump at the highest rate in the last quarter. the current condition of Bitcoin cannot be called a bear market as the price of Bitcoin is not in a deep dip, its price has only fallen slightly from the latest ATH for correction and will soon meet it. So I think those who are currently thinking of holding on to Bitcoin are still on the right track. Elections are going on in America now and one of America's Democratic candidates, Donald Trump, has promised to do something positive with Bitcoin if he wins the election. So if this is the case then the price of Bitcoin may change at an abnormal rate.
I also think 4 year cycle affect Bitcoin price. Bitcoin price went up a lot then went down a little but that does not mean it is bad market. It is just small correction after reaching high point. People who hold Bitcoin are probably making good choice. US election is happening and Donald Trump said he will involve in Bitcoin if he wins. If he wins and keeps his promise Bitcoin price could go up a lot. But keep in mind that politicians do not always keep their promises and cryptocurrency market can be unpredictable. Still possibility of good things happening makes holding Bitcoin a interesting idea. And I think this is the bull season signs and soon the bull season will happen. So holding on your assets is very important at this time.
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I also think 4 year cycle affect Bitcoin price. Bitcoin price went up a lot then went down a little but that does not mean it is bad market. It is just small correction after reaching high point. People who hold Bitcoin are probably making good choice. US election is happening and Donald Trump said he will involve in Bitcoin if he wins. If he wins and keeps his promise Bitcoin price could go up a lot. But keep in mind that politicians do not always keep their promises and cryptocurrency market can be unpredictable. Still possibility of good things happening makes holding Bitcoin a interesting idea. And I think this is the bull season signs and soon the bull season will happen. So holding on your assets is very important at this time.
Hmm, buddy 4 years is not a certain timeline for a Bitcoin cycle, it can vary from circumstance to circumstance in the financial markets, secondly yup a dip doesn't indicate that it's a bad market haha if that's the case haha every financial market and resection indicates that this financial era is full of flaws buddy it's the universal truth if a force is driving something upside its natural it will get back to some position which in financial markets call a correction position.
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Your strategy reflects a common approach among investors and traders, aiming to capitalize on market peaks while managing risk:Selling in Stages: Gradually selling portions of your holdings at different stages can help lock in profits while reducing the impact of market volatility. This approach can be beneficial in capturing value as the market fluctuates.Timing and Market Peaks: Many investors anticipate market peaks around specific times, such as the end of the year or early the following year. While this can be a good target, it’s important to remain flexible and adjust based on market conditions.
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Honestly, I haven't thought about the capital to buy bitcoin in 2026 and 2027, currently I am only focused on getting profit in 2025 during the bullish season by using the DCA method to increase my crypto assets, I also trade to get profit so that my assets always increase before the bullish season.
You are not only the one person who haven't thought about the capital to buy the bitcoin in 2026/2027 and this also a human being nature that they always love to think about the present situation in the mean time they forgot to think about the future and how they will be more successful in future.
Anyway I also have the same situation like as you and after a while, I exploring the forum like as you I also found a post where a user mention like me about the accumulating fund about in the 2026 and to be honest my reply to him same like your this one.
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I think we need to think about the 4 year cycle and just how much it can shift price. Each cycle has had less of an effect on price.
2013, 1300
2017 19800
2021 69000
2025 100,000?
Maybe so.
13 to 17 we did 15x
17 to 21 we did 3.2
21 to 25 a reduced num
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Honestly, I haven't thought about the capital to buy bitcoin in 2026 and 2027, currently I am only focused on getting profit in 2025 during the bullish season by using the DCA method to increase my crypto assets, I also trade to get profit so that my assets always increase before the bullish season.
You are not only the one person who haven't thought about the capital to buy the bitcoin in 2026/2027 and this also a human being nature that they always love to think about the present situation in the mean time they forgot to think about the future and how they will be more successful in future.
Anyway I also have the same situation like as you and after a while, I exploring the forum like as you I also found a post where a user mention like me about the accumulating fund about in the 2026 and to be honest my reply to him same like your this one.
I actually already have a plan for the 2026 coin purchase capital but that is from the profit I get from 2025 later, I will set aside my profit for investment next year. but I also agree with you we should focus on next year first because I also don't have a lot of capital.
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I think we need to think about the 4 year cycle and just how much it can shift price. Each cycle has had less of an effect on price.
2013, 1300
2017 19800
2021 69000
2025 100,000?
Maybe so.
13 to 17 we did 15x
17 to 21 we did 3.2
21 to 25 a reduced num
I've seen some more detailed calculations regarding those reduced returns each cycle, stating that, according just to those, we should expect a minimum of around $75k this cycle.
That's *some* indicator, but there are many other factors at play, including the demand for spot ETFs etc, so I wouldn't be dumping everything at that price without considering other indicators.
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I think we need to think about the 4 year cycle and just how much it can shift price. Each cycle has had less of an effect on price.
2013, 1300
2017 19800
2021 69000
2025 100,000?
Maybe so.
13 to 17 we did 15x
17 to 21 we did 3.2
21 to 25 a reduced num
I've seen some more detailed calculations regarding those reduced returns each cycle, stating that, according just to those, we should expect a minimum of around $75k this cycle.
That's *some* indicator, but there are many other factors at play, including the demand for spot ETFs etc, so I wouldn't be dumping everything at that price without considering other indicators.
Reading the prediction above, I also have confidence that the price of Bitcoin will touch $100K, because based on the calculations mentioned above, it seems that the figure of $100k is reasonable and will most likely be achieved.
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I actually already have a plan for the 2026 coin purchase capital but that is from the profit I get from 2025 later, I will set aside my profit for investment next year. but I also agree with you we should focus on next year first because I also don't have a lot of capital.
Good decision you have taken because currently market is bullish and it is not the ideal time to make good amount of investment on market I wouldn't like to say that you can not have the profit but there are also risk to not reach to your target of selling. But in this time accumulation for the next bear season investment is good idea what I have already mentioned in my previous posts.
But beside I would like to also say that if you have the ability to make investment on bitcoin with the DCA strategy then both will be super duper good idea. I am also trying to managing both of them.
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I actually already have a plan for the 2026 coin purchase capital but that is from the profit I get from 2025 later, I will set aside my profit for investment next year. but I also agree with you we should focus on next year first because I also don't have a lot of capital.
Good decision you have taken because currently market is bullish and it is not the ideal time to make good amount of investment on market I wouldn't like to say that you can not have the profit but there are also risk to not reach to your target of selling. But in this time accumulation for the next bear season investment is good idea what I have already mentioned in my previous posts. ...
I never think i could think ahead of that time of 1-2 years, what i still going plan is just for this year, that depends this coming bear months, if i can profit or not by just holding and stacking weekly from signature campaign payments.
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I think that bitcoin price will increase day by day. I also believe that next year bitcoin price will increase, we also see that when it’s price was very down, than others crypto will be down. So it’s the best moment for investors, because if they want to invest in any crypto, they should preparation in this moment. So i think that i also want to invest in cryptocurrency, because i believe that within a short time bitcoin price cross $100k.
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I never think i could think ahead of that time of 1-2 years, what i still going plan is just for this year, that depends this coming bear months, if i can profit or not by just holding and stacking weekly from signature campaign payments.
That would be also good idea, Because there is still more than one or two years left for the bear season. It is also a good strategy to be able to invest in Bitcoin in the DIP market with time opportunity, I will call this strategy more like DCA strategy, which is the best for risk management. And the main thing is that depending on your earnings, you can target the bear season after one more year and accumulate funds for investment.
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I think we need to think about the 4 year cycle and just how much it can shift price. Each cycle has had less of an effect on price.
2013, 1300
2017 19800
2021 69000
2025 100,000?
Maybe so.
13 to 17 we did 15x
17 to 21 we did 3.2
21 to 25 a reduced num
Hm, that above calculation is already wrong I think because in March of 2024 we had new all time high meaning it can't be reduced number compared to 2021.
As many here, I do think that $100k is attainable this cycle, but I don;t think we gonna go much more than that and I expect many selling when we reach that barrier.
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I never think i could think ahead of that time of 1-2 years, what i still going plan is just for this year, that depends this coming bear months, if i can profit or not by just holding and stacking weekly from signature campaign payments.
That would be also good idea, Because there is still more than one or two years left for the bear season. It is also a good strategy to be able to invest in Bitcoin in the DIP market with time opportunity, I will call this strategy more like DCA strategy, which is the best for risk management. And the main thing is that depending on your earnings, you can target the bear season after one more year and accumulate funds for investment.
Agreed. DCA in this case comes handy as an investment approach during a bear market since it enables you to buy more Bitcoin for your money and at the same time, minimize your exposure to risks. By investing wisely, increasing and decreasing the amount of money that you invest depending with your earnings and also periods of bear and bull markets, you shall be able to invest during a bad market period and get prepared for a better market period in the future. Besides, it enables you to deal with risks and can be beneficial when seeking to get the biggest share of your profit.
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I think we need to think about the 4 year cycle and just how much it can shift price. Each cycle has had less of an effect on price.
2013, 1300
2017 19800
2021 69000
2025 100,000?
Maybe so.
13 to 17 we did 15x
17 to 21 we did 3.2
21 to 25 a reduced num
Hm, that above calculation is already wrong I think because in March of 2024 we had new all time high meaning it can't be reduced number compared to 2021.
As many here, I do think that $100k is attainable this cycle, but I don;t think we gonna go much more than that and I expect many selling when we reach that barrier.
Perhaps he was looking at the 4 year cycle, and with that even though we have reaches $73,000 in March it's not the all time high and we could be look at 2025 to see $100,000++.
So still a long way to go, and if his calculations is right, reduce x number of returns, and so we will have all our predictions, < 2.xxx returns?
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I think we need to think about the 4 year cycle and just how much it can shift price. Each cycle has had less of an effect on price.
2013, 1300
2017 19800
2021 69000
2025 100,000?
Maybe so.
13 to 17 we did 15x
17 to 21 we did 3.2
21 to 25 a reduced num
Hm, that above calculation is already wrong I think because in March of 2024 we had new all time high meaning it can't be reduced number compared to 2021.
As many here, I do think that $100k is attainable this cycle, but I don;t think we gonna go much more than that and I expect many selling when we reach that barrier.
Perhaps he was looking at the 4 year cycle, and with that even though we have reaches $73,000 in March it's not the all time high and we could be look at 2025 to see $100,000++.
So still a long way to go, and if his calculations is right, reduce x number of returns, and so we will have all our predictions, < 2.xxx returns?
Yes 2025 may be a good time for Bitcoin according to Bitcoin's four year circle and logic and then Bitcoin may cross a major milestone for the first time which is $100k. Many of us dream of seeing Bitcoin at this price. And many are investing heavily in Bitcoin with the intention of Bitcoin hitting this price. Perhaps our wait is about to end very soon. And Q4 of 2024 is left to reach 2025. And within this period, a major correction in Bitcoin price will create a strong position.
The price of the coin has been down a lot for a few days and today is still down. This may be the last major correction of Bitcoin. And then we will probably see a much bigger Bull Run in Bitcoin.
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Agreed. DCA in this case comes handy as an investment approach during a bear market since it enables you to buy more Bitcoin for your money and at the same time, minimize your exposure to risks. By investing wisely, increasing and decreasing the amount of money that you invest depending with your earnings and also periods of bear and bull markets, you shall be able to invest during a bad market period and get prepared for a better market period in the future. Besides, it enables you to deal with risks and can be beneficial when seeking to get the biggest share of your profit.
Many people think that they have little funds, so if they invest in Bitcoin, nothing will happen, I mean they will not get any profit, but this is actually a wrong thinking, there is no obligation to invest a large amount in Bitcoin. You can invest a certain amount every week or every month regularly for long term and in this case it is definitely more profitable. And this is basically what we consider as DCA method.
If we see most of the newbies have this misconception that they have to invest huge amount of money in Bitcoin and for that reason they don't dare to do Bitcoin investment and avoid it. Moreover, another thing is that many new investors make large investments in Bitcoin at the beginning and later sell Bitcoin at a loss due to panic.
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The exit plan varies from one person to another depending on the circumstances and conditions of each person. Some people have the ability to go all the way, but some are unable to do so, so they may find an early exit plan.
But in general, for me, achieving a profit of 100-150% would be a very good thing. This means that if I bought Bitcoin at a price of 35-40K$, it would be very appropriate for me to sell it at a price of 100K$. If your conditions are good, you can sell 50% at a price of 100K$ and hold The rest until the price reaches 150K$.
In general, I prefer the exit strategy to be at different price stages, just like the DCA strategy.
Your holding strategy may be categorize into long term investment level because if you buy Bitcoin at 35- 40k price level and you are targeting to sell at $100k, and another percentage at $150k, it show that you be aiming to sell at some time in the future. Bitcoin may not touch $100k in a short period after last All Time High of $75k but may be moving gradually till another All Time High which may be difficult to predict the time or season.
In addition, every individual, whether investor, Trader, Holder know his/her own exit positions, and your ext positions may be based on your set profit or loss rates.
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If we see most of the newbies have this misconception that they have to invest huge amount of money in Bitcoin and for that reason they don't dare to do Bitcoin investment and avoid it. Moreover, another thing is that many new investors make large investments in Bitcoin at the beginning and later sell Bitcoin at a loss due to panic.
Hmm, well i've seen that, bu that's not a misconception you can say that it's a mindset, as you know Bitcoin is already at a high market cap and to make 2x or 3x returns it takes a lot of time and major developments, so if they invest a small amount they cant multiply their returns over a certain period. That's the reason they look for a little higher risk and better rewards where they can invest little and earn more returns.
They actually know they can make smaller investments in Bitcoin but just to make good returns they use if you don't have enough money to invest in other coins, I've seen many small investors as well investing in Bitcoin as they care about reliability.
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Your holding strategy may be categorize into long term investment level because if you buy Bitcoin at 35- 40k price level and you are targeting to sell at $100k, and another percentage at $150k, it show that you be aiming to sell at some time in the future. Bitcoin may not touch $100k in a short period after last All Time High of $75k but may be moving gradually till another All Time High which may be difficult to predict the time or season.
In addition, every individual, whether investor, Trader, Holder know his/her own exit positions, and your ext positions may be based on your set profit or loss rates.
Yes, this is a long-term investment strategy. I believe in long-term investing, so I am not in a hurry. Unless circumstances beyond my control force me to exit early and sell at the market price.
Of course, it may take a long time, perhaps a year or two, to achieve the goals, but I find that better than being exposed to short-term risks and fluctuations that are nerve-wracking due to the constant monitoring of indicators, news, etc. and chasing ups and downs.
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Your holding strategy may be categorize into long term investment level because if you buy Bitcoin at 35- 40k price level and you are targeting to sell at $100k, and another percentage at $150k, it show that you be aiming to sell at some time in the future. Bitcoin may not touch $100k in a short period after last All Time High of $75k but may be moving gradually till another All Time High which may be difficult to predict the time or season.
In addition, every individual, whether investor, Trader, Holder know his/her own exit positions, and your ext positions may be based on your set profit or loss rates.
Yes, this is a long-term investment strategy. I believe in long-term investing, so I am not in a hurry. Unless circumstances beyond my control force me to exit early and sell at the market price.
Of course, it may take a long time, perhaps a year or two, to achieve the goals, but I find that better than being exposed to short-term risks and fluctuations that are nerve-wracking due to the constant monitoring of indicators, news, etc. and chasing ups and downs.
Long-term investment is indeed safer and it takes a year if you invest today because the bullish season is likely to occur next year. Short-term investment requires constant monitoring of the market affected by news, etc., I also prefer long-term investment.
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I think we need to think about the 4 year cycle and just how much it can shift price. Each cycle has had less of an effect on price.
2013, 1300
2017 19800
2021 69000
2025 100,000?
Maybe so.
13 to 17 we did 15x
17 to 21 we did 3.2
21 to 25 a reduced num
I have had some peace of mind all these while that I don't do all these calculations again. The last calculation I saw Franky1 did in the other forum gave me some resounding hope. But this that Philip did seems not favourable.
From 15x to 3.2x, that means the next should be less than 1x. Does this mean we are already done with the bull run? I don't like this calculation.
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Perhaps he was looking at the 4 year cycle, and with that even though we have reaches $73,000 in March it's not the all time high and we could be look at 2025 to see $100,000++.
Maybe, but as it stands those ~$73000 bitcoin reached back in March is current all time high and there is no guarantee that we gonna go higher than that in this bull run cycle. Though, if that happaned it would be the lousiest bull market ever and imho that could happen only if we reach some new major crisis or if war in Ukraine escalates further and expands to other countries.
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Perhaps he was looking at the 4 year cycle, and with that even though we have reaches $73,000 in March it's not the all time high and we could be look at 2025 to see $100,000++.
Maybe, but as it stands those ~$73000 bitcoin reached back in March is current all time high and there is no guarantee that we gonna go higher than that in this bull run cycle. Though, if that happaned it would be the lousiest bull market ever and imho that could happen only if we reach some new major crisis or if war in Ukraine escalates further and expands to other countries.
I think $73K will not be the highest price in this 4-year cycle, because it is likely that by the end of this year the price of bitcoin will reach a new ATH above $80K, and next year the price of bitcoin will likely reach more than $10K, that's what many people predict and I agree with them.
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If we see most of the newbies have this misconception that they have to invest huge amount of money in Bitcoin and for that reason they don't dare to do Bitcoin investment and avoid it. Moreover, another thing is that many new investors make large investments in Bitcoin at the beginning and later sell Bitcoin at a loss due to panic.
Hmm, well i've seen that, bu that's not a misconception you can say that it's a mindset, as you know Bitcoin is already at a high market cap and to make 2x or 3x returns it takes a lot of time and major developments, so if they invest a small amount they cant multiply their returns over a certain period. That's the reason they look for a little higher risk and better rewards where they can invest little and earn more returns.
They actually know they can make smaller investments in Bitcoin but just to make good returns they use if you don't have enough money to invest in other coins, I've seen many small investors as well investing in Bitcoin as they care about reliability.
The people I talked to definitely don't invest in Bitcoin thinking about so many details and that's why they fall into misconceptions. I can't quite agree with you. Because I myself invested in DCA currently in double profit of my investment yes it took a long time but guaranteed me my profit.
And that is definitely not available in other cryptocurrencies especially those who invest in alt coins to get more profit with less investment most of them face loss. Because the alt coin projects are mostly scams and if not, they perform well for a few days and then their market just goes down. And I think investing in cryptocurrencies should not be considered as a quick rich scheme and even if it is a late double or triple profit from Bitcoin investment, it should be considered enough.
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Thinking about leaving will only make you look at the exit door, and you will not be making that much money. I think the best part about this would be considering how we could just see this moving away, and that is why its going to be quite important to check out whats going on in the market at all times instead of trying to just focus on getting out. I have no exit plan, my exit plan would be "be rich enough to retire", which I know I won't have which is why in theory there is an exit plan but in practice there is no exit plan for me and I will keep on holding as long as I can afford to hold it.
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Many people think that they have little funds, so if they invest in Bitcoin, nothing will happen, I mean they will not get any profit, but this is actually a wrong thinking, there is no obligation to invest a large amount in Bitcoin. You can invest a certain amount every week or every month regularly for long term and in this case it is definitely more profitable. And this is basically what we consider as DCA method.
If we see most of the newbies have this misconception that they have to invest huge amount of money in Bitcoin and for that reason they don't dare to do Bitcoin investment and avoid it. Moreover, another thing is that many new investors make large investments in Bitcoin at the beginning and later sell Bitcoin at a loss due to panic.
This is what can happen if people will continue to mislead these newbies. This is what can happen if people will continue to give wrong information to newbies. Wrong mindset and this might be the reason that instead of them investing into Bitcoin, they instead invest into altcoins that can go up and down very quickly.
They see cryptocurrency as a way for them to get money in a quick way, and in order for that to happen, they need huge amount of money, and since they don't have that much money, they prefer not investing anymore. Wrong mindset. Newbies don't even know that profits aren't earned that quick. Yes there's a way, but what's the risk? At the end of the day, whether it's 10$ or 50$ that you're investing into Bitcoin, that would be better than not investing at all. 10$ in Bitcoin weekly for 2-3 years would go a long way when the bull run starts.
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Perhaps he was looking at the 4 year cycle, and with that even though we have reaches $73,000 in March it's not the all time high and we could be look at 2025 to see $100,000++.
Maybe, but as it stands those ~$73000 bitcoin reached back in March is current all time high and there is no guarantee that we gonna go higher than that in this bull run cycle. Though, if that happaned it would be the lousiest bull market ever and imho that could happen only if we reach some new major crisis or if war in Ukraine escalates further and expands to other countries.
I think $73K will not be the highest price in this 4-year cycle, because it is likely that by the end of this year the price of bitcoin will reach a new ATH above $80K, and next year the price of bitcoin will likely reach more than $10K, that's what many people predict and I agree with them.
For this cycle, $73,000 will not be the absolute peak of Bitcoin’s price in this cycle, in my opinion. You think that Bitcoin price is going to rise to a new ATH higher than $80000 this year to maybe $100000 next year. This projection is the work of many analyst and you consider the future of Bitcoin to grow in the market. All these projections could come through if market trends and supporting factors such as wider market access, enhanced policies on the use of renewable energy and technological advancement persists.
But we must keep it in mind that the rates of cryptocurrencies are much volatile and their rise and fall are unpredictable. Sudden increases or decreases in the price levels can be induced by social factors such as change in governmental policies, fluctuations in foreign exchange rates, or radical shifts in the buyer’s attitude and perception. Hence, even though the expectations regarding the Bitcoin’s price rise may make much sense to invest, it is advisable to look at the potential threats and fluctuations in the market.
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Many people think that they have little funds, so if they invest in Bitcoin, nothing will happen, I mean they will not get any profit, but this is actually a wrong thinking, there is no obligation to invest a large amount in Bitcoin. You can invest a certain amount every week or every month regularly for long term and in this case it is definitely more profitable. And this is basically what we consider as DCA method.
If we see most of the newbies have this misconception that they have to invest huge amount of money in Bitcoin and for that reason they don't dare to do Bitcoin investment and avoid it. Moreover, another thing is that many new investors make large investments in Bitcoin at the beginning and later sell Bitcoin at a loss due to panic.
This is what can happen if people will continue to mislead these newbies. This is what can happen if people will continue to give wrong information to newbies. Wrong mindset and this might be the reason that instead of them investing into Bitcoin, they instead invest into altcoins that can go up and down very quickly.
They see cryptocurrency as a way for them to get money in a quick way, and in order for that to happen, they need huge amount of money, and since they don't have that much money, they prefer not investing anymore. Wrong mindset. Newbies don't even know that profits aren't earned that quick. Yes there's a way, but what's the risk? At the end of the day, whether it's 10$ or 50$ that you're investing into Bitcoin, that would be better than not investing at all. 10$ in Bitcoin weekly for 2-3 years would go a long way when the bull run starts.
Newbies should buy gradually while learning to understand market conditions, because learning in crypto requires experience and a long time to have knowledge. I also agree if you suggest buying bitcoin even though it's $10 every week rather than not buying at all, because by buying gradually our assets will become large.
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Newbies should buy gradually while learning to understand market conditions, because learning in crypto requires experience and a long time to have knowledge. I also agree if you suggest buying bitcoin even though it's $10 every week rather than not buying at all, because by buying gradually our assets will become large.
Simple (blind) investing does not always = 100% increase in income in the future, sometimes you can lose money if you do not understand how to do it correctly, for beginners it is better to first study cryptocurrencies on forums and just put money aside and only after receiving the right knowledge start investing.
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Newbies should buy gradually while learning to understand market conditions, because learning in crypto requires experience and a long time to have knowledge. I also agree if you suggest buying bitcoin even though it's $10 every week rather than not buying at all, because by buying gradually our assets will become large.
It is highly recommended that we buy bitcoin with the DCA method, where we can buy gradually. This is not only for beginners but for those of us who have small capital can add crypto assets with this method. in seeking knowledge and experience it takes time and we can do it by buying and learning to trade.
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Newbies should buy gradually while learning to understand market conditions, because learning in crypto requires experience and a long time to have knowledge. I also agree if you suggest buying bitcoin even though it's $10 every week rather than not buying at all, because by buying gradually our assets will become large.
Yes, it is better to buy gradually and use small funds only. When we are a newbie, it is better to focus on learning. We don't be too greedy to get money from crypto as quick as possible. If we are too obsessed to get quick money, we may end up with losses only. It is because we still have no proper knowledge to trade or to invest. In this condition, it is very easy to lose money because we do it carelessly. Anyway, if we do it gradually, we may have enough time for learning as well.
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Newbies should buy gradually while learning to understand market conditions, because learning in crypto requires experience and a long time to have knowledge. I also agree if you suggest buying bitcoin even though it's $10 every week rather than not buying at all, because by buying gradually our assets will become large.
Yes, it is better to buy gradually and use small funds only. When we are a newbie, it is better to focus on learning. We don't be too greedy to get money from crypto as quick as possible. If we are too obsessed to get quick money, we may end up with losses only. It is because we still have no proper knowledge to trade or to invest. In this condition, it is very easy to lose money because we do it carelessly. Anyway, if we do it gradually, we may have enough time for learning as well.
Newbies should learn about many things, seek knowledge and experience in crypto first, don't be obsessed with high profits or want to get rich quickly, because it is impossible for us to be fast, everything needs a process. After we have experience and expertise, we can start learning trading.
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Newbies should learn about many things, seek knowledge and experience in crypto first, don't be obsessed with high profits or want to get rich quickly, because it is impossible for us to be fast, everything needs a process. After we have experience and expertise, we can start learning trading.
Those who always think that crypto is a get-rich-quick scheme, they always look at how influencers show off their wealth which is said to be the result of crypto. Even though it is not that easy to get wealth from crypto.
To be able to make thousands of dollars from crypto myself, I have to learn a lot about how crypto works and what opportunities can be taken advantage of.
If the basics of crypto alone don't know, then don't expect too much, especially just trading without any analysis, it will only result in losses.
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Newbies should learn about many things, seek knowledge and experience in crypto first, don't be obsessed with high profits or want to get rich quickly, because it is impossible for us to be fast, everything needs a process. After we have experience and expertise, we can start learning trading.
Those who always think that crypto is a get-rich-quick scheme, they always look at how influencers show off their wealth which is said to be the result of crypto. Even though it is not that easy to get wealth from crypto.
To be able to make thousands of dollars from crypto myself, I have to learn a lot about how crypto works and what opportunities can be taken advantage of.
If the basics of crypto alone don't know, then don't expect too much, especially just trading without any analysis, it will only result in losses.
Invested in Crypto we need to learn and gain experience and knowledge so that we can invest properly. Don't expect much we can be rich from Crypto because it's not that easy. Making an analysis by looking at a fluctuating market is not an easy thing to require the understanding and experience and of course to understand that all takes a long time. Moreover, it becomes a professional trader, we must always practice and have good anlaisa.
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Making an analysis by looking at a fluctuating market is not an easy thing to require the understanding and experience and of course to understand that all takes a long time. Moreover, it becomes a professional trader, we must always practice and have good anlaisa.
Learning technical analysis is not easy to do, it even took me years to understand and understand how the crypto market works. But of course everyone has a different level of understanding and development, some are faster and some even don't understand at all even though it has been explained.
Becoming a professional trader is not easy, not only about technical and fundamental analysis knowledge, but also self-control or trading psychology.
Even though a person understands the science of trading, but if they can't control their mentality well, it will only be a weakness that will affect the final result of the trade.
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Newbies should learn about many things, seek knowledge and experience in crypto first, don't be obsessed with high profits or want to get rich quickly, because it is impossible for us to be fast, everything needs a process. After we have experience and expertise, we can start learning trading.
Those who always think that crypto is a get-rich-quick scheme, they always look at how influencers show off their wealth which is said to be the result of crypto. Even though it is not that easy to get wealth from crypto.
To be able to make thousands of dollars from crypto myself, I have to learn a lot about how crypto works and what opportunities can be taken advantage of.
If the basics of crypto alone don't know, then don't expect too much, especially just trading without any analysis, it will only result in losses.
Well, someone who lets themselves be fooled by influencers or by everything they say or promise, at that moment they will realize that they are wrong and the worst thing is to realize when they lose, in crypto you can always make money, in trading or in investments, there are even jobs that pay with crypto, but thinking that you are going to get rich from one moment to the next, no, that's like saying that with 100usd I am going to make $10k or $100k from a casino, no, it's a fantasy, there is illusion because nothing is impossible, but it would be a question of great luck, just like those who think that to do things right everything has to be measured, the risk in trading, the knowledge and above all the patience for any activity that has to do with crypto that in the end represents money.
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Newbies should learn about many things, seek knowledge and experience in crypto first, don't be obsessed with high profits or want to get rich quickly, because it is impossible for us to be fast, everything needs a process. After we have experience and expertise, we can start learning trading.
Those who always think that crypto is a get-rich-quick scheme, they always look at how influencers show off their wealth which is said to be the result of crypto. Even though it is not that easy to get wealth from crypto.
To be able to make thousands of dollars from crypto myself, I have to learn a lot about how crypto works and what opportunities can be taken advantage of.
If the basics of crypto alone don't know, then don't expect too much, especially just trading without any analysis, it will only result in losses.
Well, someone who lets themselves be fooled by influencers or by everything they say or promise, at that moment they will realize that they are wrong and the worst thing is to realize when they lose, in crypto you can always make money, in trading or in investments, there are even jobs that pay with crypto, but thinking that you are going to get rich from one moment to the next, no, that's like saying that with 100usd I am going to make $10k or $100k from a casino, no, it's a fantasy, there is illusion because nothing is impossible, but it would be a question of great luck, just like those who think that to do things right everything has to be measured, the risk in trading, the knowledge and above all the patience for any activity that has to do with crypto that in the end represents money.
Never believe the words of media influencers, we better have our own analysis by doing research on projects and coins that we will buy. because something that I think is impossible with a capital of $ 100 can produce $ 1000 or even $ 100,000. We can't get rich quickly unless you buy bitcoin when it was first launched and hold it for 10 years later.
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Newbies should learn about many things, seek knowledge and experience in crypto first, don't be obsessed with high profits or want to get rich quickly, because it is impossible for us to be fast, everything needs a process. After we have experience and expertise, we can start learning trading.
Those who always think that crypto is a get-rich-quick scheme, they always look at how influencers show off their wealth which is said to be the result of crypto. Even though it is not that easy to get wealth from crypto.
To be able to make thousands of dollars from crypto myself, I have to learn a lot about how crypto works and what opportunities can be taken advantage of.
If the basics of crypto alone don't know, then don't expect too much, especially just trading without any analysis, it will only result in losses.
Well, someone who lets themselves be fooled by influencers or by everything they say or promise, at that moment they will realize that they are wrong and the worst thing is to realize when they lose, in crypto you can always make money, in trading or in investments, there are even jobs that pay with crypto, but thinking that you are going to get rich from one moment to the next, no, that's like saying that with 100usd I am going to make $10k or $100k from a casino, no, it's a fantasy, there is illusion because nothing is impossible, but it would be a question of great luck, just like those who think that to do things right everything has to be measured, the risk in trading, the knowledge and above all the patience for any activity that has to do with crypto that in the end represents money.
Never believe the words of media influencers, we better have our own analysis by doing research on projects and coins that we will buy. because something that I think is impossible with a capital of $ 100 can produce $ 1000 or even $ 100,000. We can't get rich quickly unless you buy bitcoin when it was first launched and hold it for 10 years later.
Well, Doing personal research is much more important than listening to Hillis and other media influencers sharing their opinions about various projects and coins. It would help in avoiding situations that would lead to the loss of capital which is always done when we have a better understanding of the investments through analysis. Wanting huge profits from a small amount of money invested, without a proper base results in a great many disappointments.
The dream of making fast money through the crypto investment is often not as smooth as planned and save for those who bought bitcoins at the inception of the technology and hodling it for several years or more. Thus, well-crafted long-term plans and perfect knowledge are the primary factors to determine investment success rather than referring to the factor and any trends.
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The dream of making fast money through the crypto investment is often not as smooth as planned and save for those who bought bitcoins at the inception of the technology and hodling it for several years or more. Thus, well-crafted long-term plans and perfect knowledge are the primary factors to determine investment success rather than referring to the factor and any trends.
When it was able to hold bitcoin at the beginning of its emergence until now it was a success, but I don't think few people will do it because they will be tempted by the current high price.
Look at some of the holders in the past who have sold their bitcoin holdings, but they are also buying at a cheaper price to double their holdings by taking advantage of every momentum pump and dump that occurs.
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The dream of making fast money through the crypto investment is often not as smooth as planned and save for those who bought bitcoins at the inception of the technology and hodling it for several years or more. Thus, well-crafted long-term plans and perfect knowledge are the primary factors to determine investment success rather than referring to the factor and any trends.
When it was able to hold bitcoin at the beginning of its emergence until now it was a success, but I don't think few people will do it because they will be tempted by the current high price.
Look at some of the holders in the past who have sold their bitcoin holdings, but they are also buying at a cheaper price to double their holdings by taking advantage of every momentum pump and dump that occurs.
We know that at the beginning of bitcoin's launch the price of bitcoin was still cheap, and I agree with you because those who managed to buy at that time and hold it until now is a success because when we first knew bitcoin was launched there were many negative issues circulating and many countries opposed bitcoin and I even read the gossip at that time bitcoin was considered a fraud. but now we see bitcoin is very popular and in demand by many people.
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I’d love to hear your thoughts on a couple of topics. While we often discuss accumulation strategies, having a solid exit plan is equally crucial. Without an effective exit strategy, all your hard work in accumulating Bitcoin could go to waste.
Why though?
Do you think that BTC will drop after this cycle and never climb up again?
For most long-term investors, not doing anything is the best move. So it all boils down to what one's goals are. If your goal is to make a profit this cycle and potentially buy back cheaper then yes, you need to figure out some solid sell/buy indicators, otherwise, you're risking making trades based on emotions.
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Each person's exit plan is different. Of course they take into account their own needs. For people whose finances are still above average, perhaps their plans to leave are still a long way off and will expect more profits. But for people who have more important needs, they will prefer to leave when he has reached the target or profit that is suitable for him. Because besides we have the hope of getting as much profit as possible, we will pay back our other financial needs such as dependents on people under us, our children's education costs and even taxes. property that we own. Because it will be hard for those of us who are just barely able to continue to invest our money in this investment but are also required to meet our personal needs.
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Each person's exit plan is different. Of course they take into account their own needs. For people whose finances are still above average, perhaps their plans to leave are still a long way off and will expect more profits. But for people who have more important needs, they will prefer to leave when he has reached the target or profit that is suitable for him. Because besides we have the hope of getting as much profit as possible, we will pay back our other financial needs such as dependents on people under us, our children's education costs and even taxes. property that we own. Because it will be hard for those of us who are just barely able to continue to invest our money in this investment but are also required to meet our personal needs.
Sure, people have different needs and goals, but from a purely mathematical approach, the investing strategy should be the same irrespective of whether you are rich or poor. The mistake a lot of poorer people make is thinking that if they don't have a lot to invest, they should be aiming for high risk-high reward options (i.e. meme shitcoins) and, as a result, instead of making a modest profit (which they could then re-invest), they end up losing it all and then repeating the same mistake over again.
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Each person's exit plan is different. Of course they take into account their own needs. For people whose finances are still above average, perhaps their plans to leave are still a long way off and will expect more profits. But for people who have more important needs, they will prefer to leave when he has reached the target or profit that is suitable for him. Because besides we have the hope of getting as much profit as possible, we will pay back our other financial needs such as dependents on people under us, our children's education costs and even taxes. property that we own. Because it will be hard for those of us who are just barely able to continue to invest our money in this investment but are also required to meet our personal needs.
Sure, people have different needs and goals, but from a purely mathematical approach, the investing strategy should be the same irrespective of whether you are rich or poor. The mistake a lot of poorer people make is thinking that if they don't have a lot to invest, they should be aiming for high risk-high reward options (i.e. meme shitcoins) and, as a result, instead of making a modest profit (which they could then re-invest), they end up losing it all and then repeating the same mistake over again.
As you said " The mistake a lot of poorer people make is thinking that if they don't have a lot to invest, they should be aiming for high risk-high reward options (i.e. meme shitcoins) " this is not something wise, because clearly the risk is big and if you want to get profit with small capital, you should make gradual purchases with the DCA method, don't take big risks by investing in meme coins and shit coins with the consideration of getting bigger profits, because the end result if we don't have experience there, we will lose.
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If your goal is to make a profit this cycle and potentially buy back cheaper then yes, you need to figure out some solid sell/buy indicators, otherwise, you're risking making trades based on emotions.
Most investors want to earn as much profit in the bull run as they possibly can and there's nothing wrong in that approach, however if someone really wants to earn long term profits from Bitcoin then Hodling is the only way to go.
I personally prefer to take profits each bull market and buy Bitcoin at cheaper rates during bear market. However, when it comes to trading then I prefer to buy/sell whenever I see profitable market condition.
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As you said " The mistake a lot of poorer people make is thinking that if they don't have a lot to invest, they should be aiming for high risk-high reward options (i.e. meme shitcoins) " this is not something wise, because clearly the risk is big and if you want to get profit with small capital, you should make gradual purchases with the DCA method, don't take big risks by investing in meme coins and shit coins with the consideration of getting bigger profits, because the end result if we don't have experience there, we will lose.
In my opinion, not all meme coins are bad and there are some meme coins that still survive until now, such as dige and shib. So if we buy popular meme coins, it's not a silly thing to do, because meme coins also have the potential to give us profit. It is not recommended to buy shitcoin, because the risk is high. And we also don't need to think poor, because we can invest according to our capital and choose the DCA method to buy coins like you said, because I do it too.
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As you said " The mistake a lot of poorer people make is thinking that if they don't have a lot to invest, they should be aiming for high risk-high reward options (i.e. meme shitcoins) " this is not something wise, because clearly the risk is big and if you want to get profit with small capital, you should make gradual purchases with the DCA method, don't take big risks by investing in meme coins and shit coins with the consideration of getting bigger profits, because the end result if we don't have experience there, we will lose.
In my opinion, not all meme coins are bad and there are some meme coins that still survive until now, such as dige and shib. So if we buy popular meme coins, it's not a silly thing to do, because meme coins also have the potential to give us profit. It is not recommended to buy shitcoin, because the risk is high. And we also don't need to think poor, because we can invest according to our capital and choose the DCA method to buy coins like you said, because I do it too.
Yes of course the popular meme coins are worth holding, not all mm coins should be viewed negatively all the time, some meme coins are very strong and very popular like you mentioned Dogecoin (DOGE) and Shiba (SHIB). Such coins have lasted for a long time and they prove that not all meme coins are bad. So investing in the right meme coin definitely has a chance of profit.
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We know that at the beginning of bitcoin's launch the price of bitcoin was still cheap, and I agree with you because those who managed to buy at that time and hold it until now is a success because when we first knew bitcoin was launched there were many negative issues circulating and many countries opposed bitcoin and I even read the gossip at that time bitcoin was considered a fraud. but now we see bitcoin is very popular and in demand by many people.
There are only 2 possibilities if they could have bought earlier and held it until now, namely the first they forgot about the purchase of the Bitcoin and when they remembered the price was also very high now and the second possibility they really didn't remember where to store the seed phrase wallet containing the Bitcoin and miraculously they found the reserve.
It wasn't easy to survive until now because the desire to sell it would be greater, especially when 1 BTC was worth $1k for the first time in history and that was a pretty high price back then.
But when looking at the current bitcoin price frenzy, it will continue and could even reach an ATH of $100k in the future.
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Why though?
Do you think that BTC will drop after this cycle and never climb up again?
For most long-term investors, not doing anything is the best move. So it all boils down to what one's goals are. If your goal is to make a profit this cycle and potentially buy back cheaper then yes, you need to figure out some solid sell/buy indicators, otherwise, you're risking making trades based on emotions.
Nope! Did I say that?
Making trades based on emotions, well TBH I don't dare to call myself a perfect trader or even you can say a good trader, but at least after a bit of experience I am able to speculate the market moves, at least on a macro-level so booking profit at near expected all-time high even its risky is worth it, the market will fall for sure to make a new bottom for the next cycle, and after booking good return i can spend some and make much better accumulations again, and I won't call it trade based on emotions as there's a proper strategy and mindset already, Whoever is gonna book 100% and get an exit is really a fool, booking 30% to 70% whatever suits a person is not bad at all.
Not recommended to any investor as there's risk involved that the market might not fall to a super low level, and you might spend money and at ATL of cycle, you won't be able to buy back.
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Never believe the words of media influencers, we better have our own analysis by doing research on projects and coins that we will buy. because something that I think is impossible with a capital of $ 100 can produce $ 1000 or even $ 100,000. We can't get rich quickly unless you buy bitcoin when it was first launched and hold it for 10 years later.
Yes, of course it is a fact , we as investors have to always Consider that it is best to guarantee our knowledge and always do things under control, for example , to be an investor is not difficult, but you have to have something, which is the money to live without needing the investment, that is, if you have enough stomach to bear all the expenses and basic needs without needing the invested money, I think it is easier to be an investor, and that is Precisely what we are looking for, it is difficult but those who achieve it are a blessing.
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Without a doubt, the majority have a plan, and it is in some ways the right thing to do, but I think that a large majority does not think that way, they simply hodl their bitcoins, and when they need it, well exchange, it is that simple for many, others will even leave their bitcoins for decades even as a legacy for others to decide.
It's true that investment in the form of BTC will promise something profitable. Provided that someone can control their emotions in taking a stance when selling or buying it. But for beginner investors this will be a big challenge. Where they want profits in the short term. And if they remain optimistic and do not rush to take action. Of course their profits will be in accordance with what they want
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Without a doubt, the majority have a plan, and it is in some ways the right thing to do, but I think that a large majority does not think that way, they simply hodl their bitcoins, and when they need it, well exchange, it is that simple for many, others will even leave their bitcoins for decades even as a legacy for others to decide.
It's true that investment in the form of BTC will promise something profitable. Provided that someone can control their emotions in taking a stance when selling or buying it. But for beginner investors this will be a big challenge. Where they want profits in the short term. And if they remain optimistic and do not rush to take action. Of course their profits will be in accordance with what they want
Yeah, investments on Bitcoin has the potential for good returns or profit both on the short or long run basis. However everyone has his/her investment strategies and exit plans.
Now, talking about emotions, it important to note that sentiment on the crypto market trends will not help in your entry or exit positions, what is advisable is to follow your goals, risk tolerance, entry and exist criteria, minimize emotional filling, and stick to a well thought out plans.
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Without a doubt, the majority have a plan, and it is in some ways the right thing to do, but I think that a large majority does not think that way, they simply hodl their bitcoins, and when they need it, well exchange, it is that simple for many, others will even leave their bitcoins for decades even as a legacy for others to decide.
It's true that investment in the form of BTC will promise something profitable. Provided that someone can control their emotions in taking a stance when selling or buying it. But for beginner investors this will be a big challenge. Where they want profits in the short term. And if they remain optimistic and do not rush to take action. Of course their profits will be in accordance with what they want
Yeah, investments on Bitcoin has the potential for good returns or profit both on the short or long run basis. However everyone has his/her investment strategies and exit plans.
Now, talking about emotions, it important to note that sentiment on the crypto market trends will not help in your entry or exit positions, what is advisable is to follow your goals, risk tolerance, entry and exist criteria, minimize emotional filling, and stick to a well thought out plans.
In my opinion, Bitcoin is more suitable for long-term investment, while altcoins are suitable for the short and medium term, this is in accordance with my abilities and experience in investing in crypto, of course it is different from others.
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In my opinion, Bitcoin is more suitable for long-term investment, while altcoins are suitable for the short and medium term, this is in accordance with my abilities and experience in investing in crypto, of course it is different from others.
Well, Investment decision making should therefore be guided by the proper assessment and analysis of potential and risks associated with each of the resources. This way, with the help of the strategy that is oriented on personal financial objectives, we observe that we make more sound and measured decisions. Extreme competition as a result makes must also be willing and capable of changing his or her strategies so as to be able balance the opportunities and risks within the market.
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Each person's exit plan is different. Of course they take into account their own needs. For people whose finances are still above average, perhaps their plans to leave are still a long way off and will expect more profits. But for people who have more important needs, they will prefer to leave when he has reached the target or profit that is suitable for him. Because besides we have the hope of getting as much profit as possible, we will pay back our other financial needs such as dependents on people under us, our children's education costs and even taxes. property that we own. Because it will be hard for those of us who are just barely able to continue to invest our money in this investment but are also required to meet our personal needs.
Sure, people have different needs and goals, but from a purely mathematical approach, the investing strategy should be the same irrespective of whether you are rich or poor. The mistake a lot of poorer people make is thinking that if they don't have a lot to invest, they should be aiming for high risk-high reward options (i.e. meme shitcoins) and, as a result, instead of making a modest profit (which they could then re-invest), they end up losing it all and then repeating the same mistake over again.
Of course individual goals differs but investment strategy should not be the although it depends on the context you are looking at it from but let's be realistic, people chose investment strategy that fits them but am not saying that investing in shitcoin or meme coin is perfect, as an investor the first thing you should consider wether rich or average I won't mention poor because I know what it means to be poor, continuing my statement, you have to plan and have a set goal and don't start your digital investment journey with shitcoin and altcoin because it may ruin your investment plans, it is not advisable for you to go into what you dont know just because the coin is cheap you refuse to put into consideration if the so called coin has a long life spam. I think a good investor be it rich, average or poor should be very calculative in their risk to avoid regrets.
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Each person's exit plan is different. Of course they take into account their own needs. For people whose finances are still above average, perhaps their plans to leave are still a long way off and will expect more profits. But for people who have more important needs, they will prefer to leave when he has reached the target or profit that is suitable for him. Because besides we have the hope of getting as much profit as possible, we will pay back our other financial needs such as dependents on people under us, our children's education costs and even taxes. property that we own. Because it will be hard for those of us who are just barely able to continue to invest our money in this investment but are also required to meet our personal needs.
Sure, people have different needs and goals, but from a purely mathematical approach, the investing strategy should be the same irrespective of whether you are rich or poor. The mistake a lot of poorer people make is thinking that if they don't have a lot to invest, they should be aiming for high risk-high reward options (i.e. meme shitcoins) and, as a result, instead of making a modest profit (which they could then re-invest), they end up losing it all and then repeating the same mistake over again.
Of course individual goals differs but investment strategy should not be the although it depends on the context you are looking at it from but let's be realistic, people chose investment strategy that fits them but am not saying that investing in shitcoin or meme coin is perfect, as an investor the first thing you should consider wether rich or average I won't mention poor because I know what it means to be poor, continuing my statement, you have to plan and have a set goal and don't start your digital investment journey with shitcoin and altcoin because it may ruin your investment plans, it is not advisable for you to go into what you dont know just because the coin is cheap you refuse to put into consideration if the so called coin has a long life spam. I think a good investor be it rich, average or poor should be very calculative in their risk to avoid regrets.
Indeed, every person must decide on an investment plan that would meet his/her objectives, yet one must be very careful when selecting an asset. The first mistake is buying some tokens referred to as shitcoins or meme coins without knowing their risks because these tokens are highly volatile and can lead to huge losses. We also have to consider ones financial status whether he or she is a billionaire, an average earner or even a struggling individual, planning is crucial. There is need to manage risks that are associated with investment and ensure that long term processes are embarked on in order to avoid being influenced by cheap price of politically correct markets.
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Everyone will have a different exit plan. Even a long-time investor will choose to leave if he considers the profits he can get to be more than enough. But someone tends to prefer to stay longer in crypto on the grounds that he will get bigger profits if he it takes longer to invest.
but most people in investing only want profits quickly. and this would be a mistake for them because there is nothing profitable without a big risk.
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Everyone will have a different exit plan. Even a long-time investor will choose to leave if he considers the profits he can get to be more than enough. But someone tends to prefer to stay longer in crypto on the grounds that he will get bigger profits if he it takes longer to invest.
but most people in investing only want profits quickly. and this would be a mistake for them because there is nothing profitable without a big risk.
We can plan to invest by considering when we will exit, if I prefer to exit quickly when I have made a profit and will buy again when there is a decline. It does require good analysis if you have a short-term plan. but I also salute those who persist and do not sell their coins when they have made a profit, because they have a long-term plan. because this really requires free funds.
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The solution to what you are asking OP is simple: if you are doing accumulation or dca in Bitcoin, you should really have a timeframe when you will sell your Bitcoin holding.
Besides that, you should also know at what price you will sell the bitcoin you hold.
You should make sure that when your price target is reached, don't hesitate to not sell it; instead, stick to your plan and do it according to your plan so that you have a commitment to your goals and plans.
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The solution to what you are asking OP is simple: if you are doing accumulation or dca in Bitcoin, you should really have a timeframe when you will sell your Bitcoin holding.
Besides that, you should also know at what price you will sell the bitcoin you hold.
You should make sure that when your price target is reached, don't hesitate to not sell it; instead, stick to your plan and do it according to your plan so that you have a commitment to your goals and plans.
We must have a plan to sell at what price? Like what I do with the DCA method, I always add coins that I believe will increase next year, but I have my own sales targets. And we should not be greedy, if we have reached the target, we should sell it immediately. because sometimes greed will make us lose.
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The solution to what you are asking OP is simple: if you are doing accumulation or dca in Bitcoin, you should really have a timeframe when you will sell your Bitcoin holding.
Besides that, you should also know at what price you will sell the bitcoin you hold.
You should make sure that when your price target is reached, don't hesitate to not sell it; instead, stick to your plan and do it according to your plan so that you have a commitment to your goals and plans.
We must have a plan to sell at what price? Like what I do with the DCA method, I always add coins that I believe will increase next year, but I have my own sales targets. And we should not be greedy, if we have reached the target, we should sell it immediately. because sometimes greed will make us lose.
You are right and I agree that in investing we must have a plan and not be greedy. Like I also have a plan to exit in the next year when the top is bullish and right now it is the same as you using the DCA method to increase my crypto assets because my capital to invest in crypto is also limited and I trade to get profit to buy potential coins.
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The solution to what you are asking OP is simple: if you are doing accumulation or dca in Bitcoin, you should really have a timeframe when you will sell your Bitcoin holding.
Besides that, you should also know at what price you will sell the bitcoin you hold.
You should make sure that when your price target is reached, don't hesitate to not sell it; instead, stick to your plan and do it according to your plan so that you have a commitment to your goals and plans.
We must have a plan to sell at what price? Like what I do with the DCA method, I always add coins that I believe will increase next year, but I have my own sales targets. And we should not be greedy, if we have reached the target, we should sell it immediately. because sometimes greed will make us lose.
You are right and I agree that in investing we must have a plan and not be greedy. Like I also have a plan to exit in the next year when the top is bullish and right now it is the same as you using the DCA method to increase my crypto assets because my capital to invest in crypto is also limited and I trade to get profit to buy potential coins.
Plan to sell bitcoins.
When the price is $100K I will sell half the bitcoins I have.
The rest is waiting for the price to go back up more than $100K, who knows it could touch $150K we don't know with that prediction.
After entering bearish again then continue DCA again with another 4-year cycle.
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The solution to what you are asking OP is simple: if you are doing accumulation or dca in Bitcoin, you should really have a timeframe when you will sell your Bitcoin holding.
Besides that, you should also know at what price you will sell the bitcoin you hold.
You should make sure that when your price target is reached, don't hesitate to not sell it; instead, stick to your plan and do it according to your plan so that you have a commitment to your goals and plans.
We must have a plan to sell at what price? Like what I do with the DCA method, I always add coins that I believe will increase next year, but I have my own sales targets. And we should not be greedy, if we have reached the target, we should sell it immediately. because sometimes greed will make us lose.
You are right and I agree that in investing we must have a plan and not be greedy. Like I also have a plan to exit in the next year when the top is bullish and right now it is the same as you using the DCA method to increase my crypto assets because my capital to invest in crypto is also limited and I trade to get profit to buy potential coins.
Plan to sell bitcoins.
When the price is $100K I will sell half the bitcoins I have.
The rest is waiting for the price to go back up more than $100K, who knows it could touch $150K we don't know with that prediction.
After entering bearish again then continue DCA again with another 4-year cycle.
Well, Selling some assets when the price reaches a certain target is a prudent move to protect our gains, the rest remains in case the price keeps on rising. This is a good strategy we are able to take our profits’ and at the same time we may get a potential growth in the future.
However, it’s also correct to continue the DCA method in a bearish market because it provides you a chance to purchase assets in portions at a reasonable or low price. Bitcoin 4 year cycle has also worked well for many investors in terms of identifying the rise and fall in prices.
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Everyone will have a different exit plan. Even a long-time investor will choose to leave if he considers the profits he can get to be more than enough. But someone tends to prefer to stay longer in crypto on the grounds that he will get bigger profits if he it takes longer to invest.
but most people in investing only want profits quickly. and this would be a mistake for them because there is nothing profitable without a big risk.
This actually is based on personal choice and preference. Every individuals have their own way of entry and exit especially in crypto investments. I don't personally have plans yet since anytime I may opt to get out depending on my needs as that is the only thing I can do since I don't have stable income and I depends on my crypto earnings as of the moment.
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⭐ What are your exit plans for this cycle? (As profit booking is necessary for an investor)
Every investor must have an exit plan; that will be what he is going to be looking up to before selling the investment. The exit plan is just like when to sell the investment, and without it, there is no plan towards it. Although everybody will give you a different opinion because we have different plans for our investment, everybody has how they planned it; it is not the same thing.
That is why opinions will be something different from different people. When you want to sell, maybe when another person plans to buy more to add to his portfolio, so that is how it works.
The solution to what you are asking OP is simple: if you are doing accumulation or dca in Bitcoin, you should really have a timeframe when you will sell your Bitcoin holding.
Besides that, you should also know at what price you will sell the bitcoin you hold.
You should make sure that when your price target is reached, don't hesitate to not sell it; instead, stick to your plan and do it according to your plan so that you have a commitment to your goals and plans.
Exactly. Some people plan and fail, and it really affects their investment because when your target reaches and you refuse to sell, as an investor who claims to have a plan and target, you may lose your money because the time you think the price will go higher and then you will sell, the price may go down because the crypto market is very volatile.
Anything can happen. That is why it is good to get a target and never miss out on that target. Always taking into consideration before investing a target to sell is very important.
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You are right and I agree that in investing we must have a plan and not be greedy. Like I also have a plan to exit in the next year when the top is bullish and right now it is the same as you using the DCA method to increase my crypto assets because my capital to invest in crypto is also limited and I trade to get profit to buy potential coins.
Currently, many investors are eagerly awaiting a profit to exit the crypto market after enduring losses during the crypto winter. However, once an uptrend occurs, the majority will succumb to FOMO and continue holding and buying more tokens. Ultimately, they will miss out on the opportunity to take profits and suffer losses again.
I also believe the market will peak in 2025, but I'm unsure whether it will be in Q2 or Q4. Everything that happened in 2021 makes me doubt the repeatability of cycles. I will sell my tokens as soon as BTC shows the first signs of decline, likely from a divergence of RSI and MACD. I'd rather have a small profit than suffer a large loss.