Quote from: BrewMaster on March 11, 2021, 06:05:24 PM

exit strategy is for newbies who don't know what bitcoin is and panic sell when they see price fall. everyone else who understands the technology will keep accumulating bitcoin.

Quote from: cr1776 on March 11, 2021, 07:43:26 PM

Who has an exit price? Just stay in crypto and use it to pay for things that way. It will reach fiat equilibrium faster if everyone does that - as a side benefit, you'll probably make more money since no one has a crystal ball. And fiat equilibrium will probably be an order of magnitude or two from here.

Most of the people who had "exit points" at $1, $10, $30, $100, $1000, $2000, $5000, $10000, and $20000 etc are wishing they hadn't exited in order to buy back lower because no one knows when the bottom is.

The problem is that many newbies think Bitcoin is like the stock market and that "exit points" are somehow important. They try to use pseudoscience nonsense like "technical" analysis and Elliott waves in an attempt to time Bitcoin's price, instead of following the advice of more experienced Bitcoiners and simply hodling.

Sigh. Roll Eyes