Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Do you have a Bitcoin exit strategy?
by
davis196
on 22/02/2021, 12:12:33 UTC
⭐ Merited by vapourminer (1)
Hi, just to be clear I'm bullish as hell for the next few months but I think it's generally accepted that this bull run will probably come to an end at some point this year.

I'm wondering if people here are planning on getting out of crypto or significantly reducing your stake at some point this year and if so what your plan is and where you are looking at reinvesting your funds?

Bitcoin is the best performing financial asset of the past 10 years.Why would anyone want to exit and sell his Bitcoins. Grin
If the Bitcoin price crashes back to 20-30K USD,many investors will freak out and sell their BTC.They don't have an exit strategy.They are controlled by their emotions and are in between FOMO and the fear of losing more money.
If the price crashes severely,I might freak out and sell my BTC as well. Grin
I'm not that emotionally stable.
My "strategy" is to just forget about the current BTC price and sell only,when the price reaches 100K USD.