Quote from: kryptqnick on September 07, 2017, 07:36:26 AM

Quote from: Poink on September 06, 2017, 08:33:26 PM

I am new and jumped all in...what I lack is exit strategy.

Not a full EXIT but to secure some of your "gains" to real earnings. OR...where/how to convert to cash when you expect a major dive so you can re-purchase when it is low.

Anyone have good tips when and how you do it?

Maybe I got you wrong but people were writing about selling btc for fiat, whereas I really thought that you meant exit in trading. I think it this case it's best to decide the profit for each coin in advance and maybe just set them for sell right after buying on the prices you expect them to reach. If you invest $100+ then I guess even 15-20% profit is really nice. If you are a small investor - aim for at least +100% for it to make sense. This strategy will help to win from trading and minimize stupid losses.

I think he is asking about both, he is asking about how to perform an effective exit strategy when it comes to trading and how to cash out his bitcoin, about the trading part Im not an expert and I do not like the idea of holding extremely volatile coins, I prefer to play it safe and hold for the long term, that way I do not have to deal with the stress of having to watch the markets all day.