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?
When you say
"Without an effective exit strategy, all your hard work in accumulating Bitcoin could go to waste", it makes bitcoin appear like some kind of shit coin or some form of a ponzi scheme where users need to hurriedly take their money out as soon as they are in profit before they are rugged, or the ponzi scheme folds up.
As much as I understand the angle you are coming from, you also have to understand that bitcoin is a different ball game, and many are not accumulating bitcoin for the short term, or to hurriedly dump it as soon as they see a small percentage of profit on their investment, for people like myself, I know that bitcoin is here to stay, and I accumulate with long term goals in mind.
Cryptos I usually have an exit plan on are Altcoins, which is why as I invest in bitcoin, I also invest in good Altcoin because with money made from Altcoins, I can not only live a good life, but can also help me accumulate even more bitcoin for my future generation coming.