Post
Topic
Board Altcoin Discussion
Merits 2 from 1 user
Re: Exit Strategy
by
chocopapaya
on 17/12/2018, 15:22:30 UTC
⭐ Merited by dumplingsandsushi (2)
Don't listen to the people saying, "Long Term!"

Take a really hard look at your finances and then make realistic goals.
Specifically, how much you want to earn and at what price point you will cash out.
The people who are making actual real money off of investing do this and then set another specific buy in when prices crash.
The fools are the ones who eternally hodl or just go through the never ending cycle of trading.

Of course, the best way to cash out is p2p.
Most countries you have to pay tax off of your investments and if you use a centralized exchange that converts your crypto to fiat then you will have to report it.
To avoid this, just go straight to the buyers.

Start gaining a network, you can always do that here in the Marketplace section.
If not, than the best solution is localbitcoins.com, essentially an EBAY type place for btc where you can set your own sell price and how to get paid.
You can set the terms to get paid by direct bank deposit, western union, even cash