What about your exit Plan ?

[pawel7777]

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.

Why though?
Do you think that BTC will drop after this cycle and never climb up again?
For most long-term investors, not doing anything is the best move. So it all boils down to what one's goals are. If your goal is to make a profit this cycle and potentially buy back cheaper then yes, you need to figure out some solid sell/buy indicators, otherwise, you're risking making trades based on emotions.

[Parzival204]

Each person's exit plan is different. Of course they take into account their own needs. For people whose finances are still above average, perhaps their plans to leave are still a long way off and will expect more profits. But for people who have more important needs, they will prefer to leave when he has reached the target or profit that is suitable for him. Because besides we have the hope of getting as much profit as possible, we will pay back our other financial needs such as dependents on people under us, our children's education costs and even taxes. property that we own. Because it will be hard for those of us who are just barely able to continue to invest our money in this investment but are also required to meet our personal needs.

[pawel7777]

Each person's exit plan is different. Of course they take into account their own needs. For people whose finances are still above average, perhaps their plans to leave are still a long way off and will expect more profits. But for people who have more important needs, they will prefer to leave when he has reached the target or profit that is suitable for him. Because besides we have the hope of getting as much profit as possible, we will pay back our other financial needs such as dependents on people under us, our children's education costs and even taxes. property that we own. Because it will be hard for those of us who are just barely able to continue to invest our money in this investment but are also required to meet our personal needs.

Sure, people have different needs and goals, but from a purely mathematical approach, the investing strategy should be the same irrespective of whether you are rich or poor. The mistake a lot of poorer people make is thinking that if they don't have a lot to invest, they should be aiming for high risk-high reward options (i.e. meme shitcoins) and, as a result, instead of making a modest profit (which they could then re-invest), they end up losing it all and then repeating the same mistake over again.

[nakmantu99]

Each person's exit plan is different. Of course they take into account their own needs. For people whose finances are still above average, perhaps their plans to leave are still a long way off and will expect more profits. But for people who have more important needs, they will prefer to leave when he has reached the target or profit that is suitable for him. Because besides we have the hope of getting as much profit as possible, we will pay back our other financial needs such as dependents on people under us, our children's education costs and even taxes. property that we own. Because it will be hard for those of us who are just barely able to continue to invest our money in this investment but are also required to meet our personal needs.

Sure, people have different needs and goals, but from a purely mathematical approach, the investing strategy should be the same irrespective of whether you are rich or poor. The mistake a lot of poorer people make is thinking that if they don't have a lot to invest, they should be aiming for high risk-high reward options (i.e. meme shitcoins) and, as a result, instead of making a modest profit (which they could then re-invest), they end up losing it all and then repeating the same mistake over again.

As you said " The mistake a lot of poorer people make is thinking that if they don't have a lot to invest, they should be aiming for high risk-high reward options (i.e. meme shitcoins) " this is not something wise, because clearly the risk is big and if you want to get profit with small capital, you should make gradual purchases with the DCA method, don't take big risks by investing in meme coins and shit coins with the consideration of getting bigger profits, because the end result if we don't have experience there, we will lose.

[SamReomo]

If your goal is to make a profit this cycle and potentially buy back cheaper then yes, you need to figure out some solid sell/buy indicators, otherwise, you're risking making trades based on emotions.

Most investors want to earn as much profit in the bull run as they possibly can and there's nothing wrong in that approach, however if someone really wants to earn long term profits from Bitcoin then Hodling is the only way to go.

I personally prefer to take profits each bull market and buy Bitcoin at cheaper rates during bear market. However, when it comes to trading then I prefer to buy/sell whenever I see profitable market condition.

[doc]

As you said " The mistake a lot of poorer people make is thinking that if they don't have a lot to invest, they should be aiming for high risk-high reward options (i.e. meme shitcoins) " this is not something wise, because clearly the risk is big and if you want to get profit with small capital, you should make gradual purchases with the DCA method, don't take big risks by investing in meme coins and shit coins with the consideration of getting bigger profits, because the end result if we don't have experience there, we will lose.

In my opinion, not all meme coins are bad and there are some meme coins that still survive until now, such as dige and shib. So if we buy popular meme coins, it's not a silly thing to do, because meme coins also have the potential to give us profit. It is not recommended to buy shitcoin, because the risk is high. And we also don't need to think poor, because we can invest according to our capital and choose the DCA method to buy coins like you said, because I do it too.

[Ricardo11]

As you said " The mistake a lot of poorer people make is thinking that if they don't have a lot to invest, they should be aiming for high risk-high reward options (i.e. meme shitcoins) " this is not something wise, because clearly the risk is big and if you want to get profit with small capital, you should make gradual purchases with the DCA method, don't take big risks by investing in meme coins and shit coins with the consideration of getting bigger profits, because the end result if we don't have experience there, we will lose.

In my opinion, not all meme coins are bad and there are some meme coins that still survive until now, such as dige and shib. So if we buy popular meme coins, it's not a silly thing to do, because meme coins also have the potential to give us profit. It is not recommended to buy shitcoin, because the risk is high. And we also don't need to think poor, because we can invest according to our capital and choose the DCA method to buy coins like you said, because I do it too.

Yes of course the popular meme coins are worth holding, not all mm coins should be viewed negatively all the time, some meme coins are very strong and very popular like you mentioned Dogecoin (DOGE) and Shiba (SHIB). Such coins have lasted for a long time and they prove that not all meme coins are bad. So investing in the right meme coin definitely has a chance of profit.

[taufik123]

We know that at the beginning of bitcoin's launch the price of bitcoin was still cheap, and I agree with you because those who managed to buy at that time and hold it until now is a success because when we first knew bitcoin was launched there were many negative issues circulating and many countries opposed bitcoin and I even read the gossip at that time bitcoin was considered a fraud. but now we see bitcoin is very popular and in demand by many people.

There are only 2 possibilities if they could have bought earlier and held it until now, namely the first they forgot about the purchase of the Bitcoin and when they remembered the price was also very high now and the second possibility they really didn't remember where to store the seed phrase wallet containing the Bitcoin and miraculously they found the reserve.

It wasn't easy to survive until now because the desire to sell it would be greater, especially when 1 BTC was worth $1k for the first time in history and that was a pretty high price back then.

But when looking at the current bitcoin price frenzy, it will continue and could even reach an ATH of $100k in the future.

[Hamza2424]

Why though?
Do you think that BTC will drop after this cycle and never climb up again?
For most long-term investors, not doing anything is the best move. So it all boils down to what one's goals are. If your goal is to make a profit this cycle and potentially buy back cheaper then yes, you need to figure out some solid sell/buy indicators, otherwise, you're risking making trades based on emotions.

Nope! Did I say that?

Making trades based on emotions, well TBH I don't dare to call myself a perfect trader or even you can say a good trader, but at least after a bit of experience I am able to speculate the market moves, at least on a macro-level so booking profit at near expected all-time high even its risky is worth it, the market will fall for sure to make a new bottom for the next cycle, and after booking good return i can spend some and make much better accumulations again, and I won't call it trade based on emotions as there's a proper strategy and mindset already, Whoever is gonna book 100% and get an exit is really a fool, booking 30% to 70% whatever suits a person is not bad at all.

Not recommended to any investor as there's risk involved that the market might not fall to a super low level, and you might spend money and at ATL of cycle, you won't be able to buy back.

[LUCKMCFLY]

Never believe the words of media influencers, we better have our own analysis by doing research on projects and coins that we will buy. because something that I think is impossible with a capital of $ 100 can produce $ 1000 or even $ 100,000. We can't get rich quickly unless you buy bitcoin when it was first launched and hold it for 10 years later.

Yes, of course it is a fact , we as investors have to always Consider that it is best to guarantee our knowledge and always do things under control, for example , to be an investor is not difficult, but you have to have something, which is the money to live without needing the investment, that is, if you have enough stomach to bear all the expenses and basic needs without needing the invested money, I think it is easier to be an investor, and that is Precisely what we are looking for, it is difficult but those who achieve it are a blessing.

[Parzival204]

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.

It's true that investment in the form of BTC will promise something profitable. Provided that someone can control their emotions in taking a stance when selling or buying it. But for beginner investors this will be a big challenge. Where they want profits in the short term. And if they remain optimistic and do not rush to take action. Of course their profits will be in accordance with what they want

[Bobcrypto]

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.

It's true that investment in the form of BTC will promise something profitable. Provided that someone can control their emotions in taking a stance when selling or buying it. But for beginner investors this will be a big challenge. Where they want profits in the short term. And if they remain optimistic and do not rush to take action. Of course their profits will be in accordance with what they want

Yeah, investments on Bitcoin has the potential for good returns or profit both on the short or long run basis. However everyone has his/her investment strategies and exit plans.

Now, talking about emotions, it important to note that sentiment on the crypto market trends will not help in your entry or exit positions, what is advisable is to follow your goals, risk tolerance, entry and exist criteria, minimize emotional filling, and stick to a well thought out plans.

[doc]

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.

It's true that investment in the form of BTC will promise something profitable. Provided that someone can control their emotions in taking a stance when selling or buying it. But for beginner investors this will be a big challenge. Where they want profits in the short term. And if they remain optimistic and do not rush to take action. Of course their profits will be in accordance with what they want

Yeah, investments on Bitcoin has the potential for good returns or profit both on the short or long run basis. However everyone has his/her investment strategies and exit plans.

Now, talking about emotions, it important to note that sentiment on the crypto market trends will not help in your entry or exit positions, what is advisable is to follow your goals, risk tolerance, entry and exist criteria, minimize emotional filling, and stick to a well thought out plans.

In my opinion, Bitcoin is more suitable for long-term investment, while altcoins are suitable for the short and medium term, this is in accordance with my abilities and experience in investing in crypto, of course it is different from others.

[pieppiep]

In my opinion, Bitcoin is more suitable for long-term investment, while altcoins are suitable for the short and medium term, this is in accordance with my abilities and experience in investing in crypto, of course it is different from others.

Well, Investment decision making should therefore be guided by the proper assessment and analysis of potential and risks associated with each of the resources. This way, with the help of the strategy that is oriented on personal financial objectives, we observe that we make more sound and measured decisions. Extreme competition as a result makes must also be willing and capable of changing his or her strategies so as to be able balance the opportunities and risks within the market.

[Promocodeudo]

Each person's exit plan is different. Of course they take into account their own needs. For people whose finances are still above average, perhaps their plans to leave are still a long way off and will expect more profits. But for people who have more important needs, they will prefer to leave when he has reached the target or profit that is suitable for him. Because besides we have the hope of getting as much profit as possible, we will pay back our other financial needs such as dependents on people under us, our children's education costs and even taxes. property that we own. Because it will be hard for those of us who are just barely able to continue to invest our money in this investment but are also required to meet our personal needs.

Sure, people have different needs and goals, but from a purely mathematical approach, the investing strategy should be the same irrespective of whether you are rich or poor. The mistake a lot of poorer people make is thinking that if they don't have a lot to invest, they should be aiming for high risk-high reward options (i.e. meme shitcoins) and, as a result, instead of making a modest profit (which they could then re-invest), they end up losing it all and then repeating the same mistake over again.

Of course individual goals differs but investment strategy should not be the although it depends on the context you are looking at it from but let's be realistic, people chose investment strategy that fits them but am not saying that investing in shitcoin or meme coin is perfect, as an investor the first thing you should consider wether rich or average I won't mention poor because I know what it means to be poor, continuing my statement, you have to plan and have a set goal and don't start your digital investment journey with shitcoin and altcoin because it may ruin your investment plans, it is not advisable for you to go into what you dont know just because the coin is cheap you refuse to put into consideration if the so called coin has a long life spam. I think a good investor be it rich, average or poor should be very calculative in their risk to avoid regrets.