What about your exit Plan ?

[Dr.Bitcoin_Strange]

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.

[taufik123]

-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.

[yhiaali3]

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.

[bayu7adi]

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.

[JISAN]

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.

[Lucius]

~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?

[Stompix]

~

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!

[SmartGold01]

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.

[Roseline492]

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.

[KingsDen]

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.

[vegasus]

⭐ 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.

[Captain Corporate]

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.

[philipma1957]

my exit is death.

I am 67 figure I won't make 100

So I exit with death.

[KingsDen]

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?

[TomPluz]

⭐ 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.