Should we have a exit strategy in this run?

in LeoFinance11 days ago

Currently we are all at a high because of the crypto market which has been gradually picking up. Most of the Cryptos have already given 5 to 6 times returns from what they were 4 to 6 months before. ETH which was at 300 6 mths back is now at 3300, ADA from .08 to 1.30, BTC from 9k to 60K, BNB from 20 to 600....phewww that's like huge, likewise big or small, most of them have gone up a minimum of 5 to 6 times and some even more, now what matters is what was the entry point. If it was something 6 months before, I am sure the portfolio must be booming by now, and for the ones who got in say around 3 to 4 mths back, still there has been a good boom, because most of the alt coins have risen in the last 3 to 4 months.

But is this the exponential growth that we are all looking for? I guess there is more to come, but then the one mistake all of us make is that we keep waiting for it to reach the target number that we have in our mind, because we all have very high expectations of returns and possible that may not happen. And then all the high numbers that we have seen in the boom just remain as numbers on the screen.

Even when the bull market turns into a bear market, no one can predict, because it is only after a couple of months, when the trends are analyzed one realizes that we are already in the bear market. The dip that we had around 2 weeks ago, we were all confident that it was a temporary one and we will rise up again, though the market crashed down drastically. Similarly when the real bear trend will start, we may not realize that the bear trend has already begun and we will still be hoping that after the dip there will be a rise again.

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How can one ever be sure, when to exit? Well we can never be sure, all we can do is set our certain targets and exit at that point, and yes there is a possibility that from there the coin may still rise up much further or can go down. As per the analyst trends it comes out that the last pump is very rapid and it stays at the top for not a very long time, and then there is a sharp decline as well. So one may not even have the time to react. Imagine if you are sleeping at night and this happens, means you have lost the opportunity.

So here is my Exit Strategy, I will not say, it's the best or the most logical one, but this gives me some kind of security and I do not wish to just see my portfolio value only as numbers on the screen. I want to capitalize on my investments and work and get this rolling in real now. These calculations exclude the BTC calculations. I will exit my 50% stake in all coins when I get between 10X to 15X returns from the investment I have made, now this is again the call one has to make, because it differs for each one, it will matter when you have invested. Most of my investments have been made in the last 4 to 6 months, and also I will look at the potential of some coins. So something like ADA and BNB which has good prospects, I will want to stretch it a little more to say 25X to 30X. Nothing can be accurate but one can study the coin a bit and make these decisions. The next target will be to remove another 30% of my stake, probably at 25X returns for the slow moving ones and 40X to 50X for the promising ones. The last 20% I will leave for gambling and wait for that high moment.

This is the way I have planned my exit from this current run. What do you all think the high of BTC will be in this run. I feel it will be somewhere close to around 1.30K to 1.50K, so when BTC is nearing this value personally I will be ready to remove all my stake for this run.

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There are chances that yes it can go up further but then the greed can kill also. If I have received a minimum of 30X returns on my investment in a duration of 1 year from what I have invested, that's like very fantastic returns for me, which no other investment will give. I can again get into the game when the prices start falling and then play the next game. But at least I have some security for now. Yes I am a very safe player, I do not like to gamble or take high risk. Though investing in Crypto defines both of these, but then I still believe that not being too greedy can make my safe exit.

What I have explained here on my exit plan is just a very brief gist, but ya I have done my work and study on each coin and then defined the X returns that I want to exit at.

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Very informative! Question: the market cap at the moment is set at 2.27 T dollars, do you think that this figure can rise up to 5 T dollars during this bull market? Share your opinion!

To be honest, I really cannot answer this but yes it can be possible and I hope so :-)

Sounds like a good plan. Better to take out something rather than just see big numbers and let it shrink like the mistake most of us made in the last run.

In the last run I had just made my entry so it was too soon for me to take any decisions, well but this time I am not going to play it too much also, yes better be safe then too greedy and not gain

I will exit my 50% stake in all coins when I get between 10X to 15X returns from the investment

Anywhere near ?

8 to 12 weeks is I am seeing this 1st target for myself, I am not sure though but yes as it gets closer will have a better idea. You know when the price jumps it just happens in a matter of few days

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thanks, dear, you share your plans!
you've a nice and safe strategy, and your Hubby is a wise adveser, I'm sure;)
do you think BTC will touch 150,000 this year? I hoped for 100k, but I like 150 more:)
Many people said about summer, but things change so fast..
I hope for ADA too! Price x30 is a great plan:) It will be a good moment to go out for us;)

Yes, I think it will touch somewhere between 130k to 150k, lets see and hope for the best, we can all speculate and watch the market move :-) ADA has again gained some momentum. It is now at 1.70. I hope you have doubled your investments by now. The other day I was listening to one of the top analyst predicting on ADA price and he mentioned it will touch to 50, high possibility, but personally I feel that's like way too much, I would be more then happy if it goes up to 10 also

yes dear, 10 will be great too. But I like that man predictions;)
I bought ADA later than you because of my exchange problems and sanctions, so price was higher, but still I do know we will win:)