What about your exit Plan ?

[Pastaral]

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.

[bitterguy28]

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?  because the way you posted in both forum it seems that you are holding a good amount of cryptos 

[Crwth]

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.

[LogitechMouse]

⭐ 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.

[Lucius]

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, 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"?

[MrSpasybo]

⭐️ 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.

[Faisal2202]

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.

[philipma1957]

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

[Hamza2424]

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.
_______________

More replies soon. As I can't cover everything in a single post.

[|MINER|]

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.

[famososMuertos]

...//::

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."

[target]

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.

[taufik123]

-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.

[God Of Thunder]

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.

[Makus]

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.