What about your exit Plan ?

[ZAINmalik75]

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.

[0t3p0t]

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.

[Dr.Bitcoin_Strange]

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.

[bhadz]

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.

[bayu7adi]

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.

[bhadz]

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.

[de_prof]

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.

[SmartGold01]

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.

[snowpega]

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.

[EluguHcman]

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.

[Jamal Aezaz]

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.

[ZAINmalik75]

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.

[MUGNIA]

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

[NikeFit_7777]

#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! 

[milewilda]

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.