What about your exit Plan ?

[Hamza2424]

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.

[Zed0X]

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.

[hugeblack]

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.

[yhiaali3]

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.

[bitterguy28]

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.

[Husires]

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.

[JISAN]

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.

[Stompix]

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? 

[0t3p0t]

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.

[Lucius]

~snip~
Also, why do we talk about "exit" strategies, converting back to fiat seems like ....treachery? 

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🏝️🍹

[snowpega]

<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! 

[Stompix]

~snip~
Also, why do we talk about "exit" strategies, converting back to fiat seems like ....treachery? 

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!

[Gurujebs]

⭐ 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.

[JoyMarsha]

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.

[famososMuertos]

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.