⭐ 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.