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What’s your exit strategy?

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by COINS NEWS 143 Views

One well-known habit of “The 7 Habits of Effective People” is “Start with the End in Mind”. In the context of crypto investing, this means that you must not only be disciplined enough to DCA into your portfolio - regardless of market movements - but also be firm enough to apply a DCA out strategy.

The SEC hasn’t been too accommodating towards crypto in recent times, outlining how 19 tokens should be securities, filing lawsuits against Binance and Coinbase. The regulatory climate seems to be more promising in other countries like the United Kingdom and Singapore but the fact is, the world today is US-centric, so whatever happens in the US will have repercussions on the global financial system.

Hence it seems likely that many coins will never reach their ATH attained in November 2021. With all this in mind, how are you formulating your exit strategy? Are you taking out a proportion of your profits each time your coins surpass your average selling price - and leaving the rest to hopefully generate more profits? Or are you waiting for the BTC halving or the next bull run and hoping to make more substantial gains because when the tide rises, it will raise all boats?

submitted by /u/cryotosensei
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