TOP FIVE EFFECTIVE CRYPTO EXIT STRATEGY 2023

 

Ø  Exit & sell at a price target

Ø  Dollar-cost average out

Ø  Exit by return

Ø  Exit by cycle

Ø  Exit by portfolio

 

Let’s discuss all of them in detail to find an effective strategy for Crypto exit.

Ø  Exit and sell at the Price Target

This strategy is included as one of the pro-crypto secrets. It involves generating a better profit by dividing the whole Bitcoin into 5 different sections or as many sections as you want and releasing (selling) them when the market hits different prices.

  For illustration: Suppose you have a whole Bitcoin, when it hits 100k market value, try to divide it into 5 different sections (you can go for more sections if you want) instead of exiting the position with only one position.

Ø  Dollar-cost average out

This strategy serves the twin purpose of both entering the cryptocurrency market and exiting the crypto market as well and is considered to be ideal by the business giants. You can fix the plan of selling for a day, week, or month, followed by the percentage you want to sell.

For illustration: A week with 10% and a smooth exit out of the market within 10 weeks having your profit in your hand again.

Read: crypto exit strategy in details

Ø  Exit by return

Suppose you got into Dogecoin when it have a market value of 1 dollar, the time you bought it you should have a clear vision of its selling plan. So, e.g. when dogecoin hits 2$ you planned to exit and sell 505 of your position and involve the house money plan or any other plan. It is essential to note those strategies and stay with them for desired returns.

Ø  Exit by Cycle

The validity of a four-year cycle doesn’t come with any guarantee but still, people are pursuing this strategy, and is therefore popular among them. Most investors analyze the cryptocurrency performance cycle and then begin selling and collecting the profits while exiting the market of crypto.

Ø  Exit by portfolio

This strategy is based on exiting the crypto market based on your financial goals. However, this goal is of an individual only.

  For illustration, you have invested 9,000 USD in the crypto market and for buying something or paying your rent you need 25k. That time it is an exit when the crypto market hits 25k ignoring the increasing market price.

This strategy is not suitable for everyone but can be beneficial to many individuals in their personal needs.