So having an exit strategy for crypto is just as important as knowing when to invest as well. To maximize your returns, you want to create the perfect exit strategy, so you can leave as profitable as possible in this video we'll be going over. What an exit strategy is, why you need it and discuss three of the best ones that you can start today before we begin, don't forget to drop a like down below. If you appreciate this content and also don't forget to check out crypto.com the platform that recently bought the staples center for 700 million dollars, you can get 25 in free crypto if you sign up using my link down below after staking the required amount.

So what is a crypto exit strategy, so crypto exit strategy is just a contingency plan to execute a position once predetermined criteria for specific conditions have been met. The reason why it's important to have an exit strategy, especially within the crypto market, is because how volatile the markets can be. So during previous crypto winter cycles, we've seen severe sell-offs, resulting in more than 14 of those sell-offs being at least 30 since 2012, 50 of being six of them, and then three cycles that pulled back the crypto market over eighty percent after selloff we've had long periods Of flat trading also to be known as the crypto winter, which is something that you definitely don't want to go through, especially if you're holding an investment now the good news is. These cycles seem to last shorter and be less volatile as we progress more into the developments of the crypto market, but having a proper exit strategy can save you, hundreds of thousands of dollars and a ton of headache as well.

Who doesn't want headache? I don't want headaches now before going into the exit strategies. You want to take a moment to reflect on your. Why? Why are you investing into the market? How much money do you want to make off crypto, and is this an investment you're willing to hold long term, or are you just playing a short-term swing to develop a bulletproof strategy that works for you? You need to ask yourself personal questions that can reveal more about your investing goals. For me, i know crypto is going to revolutionize the world and i don't mind holding long term.

I would also love to make a million dollars from crypto, so that one day i can retire my parents and change the lives of anyone else. I want to help for me personally. I've also set predetermined price targets within my investments to understand better when to sell off in case certain profit goals aren't ever met. Now with that being said, this leads into the first crypto exit strategy and one of the most commonly used which is selling off at set price targets.

In order to do this method effectively go ahead and write into the notes, app of your phone or write on a physical piece of paper, what price target you would begin to sell off your investment now, just as an example say, you have a price target, a Bitcoin to hit a hundred thousand dollars or ethereum to hit ten thousand dollars when, eventually your investment hits those price targets, you can sell it all off in one day or you can space it out in smaller chunks, which is often what i would recommend now. I know that can be a little confusing so to better explain this as an example. If you were to own one bitcoin, you could just divide that into four parts. If the price target is at a hundred thousand dollars to sell a quarter of that bitcoin, you would put it at seventy thousand.

Eighty thousand ninety thousand and eventually a hundred thousand dollars taking a quarter of those profits. Now this way you're slowly taking profits on the way to the top, and if the market dips, you would be able to diversify the risk on trying to time that market peak now before setting up price targets, make sure you do your own research, so you're able To create realistic targets that are viable in this market to better understand, crypto price targets and how market cap works, use a website like the coinprospective.com and compare your crypto. You invested in with other similar, more significant market cap tokens within the same niche. This is going to give you a better idea on how much more upside that crypto actually has to go, and it will give you a better idea of when you can prepare the cell now.

The second crypto strategy i recommend, when the market is getting overly greedy, is to consider a dollar cost average your investment out now, just as if you were the dollar cost average in which is to consistently buy into an asset over a fixed period of time. Whether that's every day, week or month, you can sell out consistently to spread the price targets out more evenly. This strategy is definitely more conservative and the safest option, which means you will lower your reward cap, but also reduce that risk in dollar cost averaging out. This method allows you to divide your portfolio and sell off assets on a regular interval, and this allows you to keep emotions off the trade and to stay disciplined regardless of the market state.

So an example is, if you think the peak of the crypto market is going to be at the end of january, then you can begin selling 20 of your portfolio for five weeks until you sell off your entire portfolio now, instead of selling off during weekly intervals, You could also sell off every day a small amount consistently until your date is met. Now, when should you begin to dollar cost average your investment out well? For me, the crypto, fear and greed index is the easiest way to start timing. Your exit strategy, especially for newer beginners - this doesn't mean anytime, we see extreme greed is when you should automatically sell. You should know that timing, the top is nearly impossible, but profit is still profit, meaning if you still made an extra thousand dollars in the market.

You literally made profit that you otherwise would have had to work hard for now. The third crypto exit strategy on my list is what i mentioned as my example at the beginning of the video, and that is exiting based on your financial goal. The dangerous aspect of investing into the market is not the fear in losing money, but often times the greed and how much more you want to make, especially with the tremendous amount of gains we've seen happen in the crypto market. Investing is all about keeping your emotions in check and when you begin to want more that's when it becomes risky and you can lose your entire initial investment.

So what you do is you set a goal on how much money you want to make and when you hit that amount you exit the market and use your money for the goals that you set. Now, if you aren't sure on exactly what you would do with the money you made from crypto, i highly recommend against selling off your entire investment, and then just holding cash selling 100 of your portfolio can be daunting to see, especially if the markets continue to do Very well right after you sell if you're able to keep even a small amount, invest into the market and continue to go long, you can find yourself still making high returns over a long period of time, assuming bitcoin doesn't go into another crypto winter. There are investors who believe we may currently actually be in a super cycle, meaning bitcoin may never go back down and it's just a continuous climb to even a million dollar bitcoin in the near future, regardless of what your stance is. Securing your profits accordingly and investing into a well-diversified portfolio is never the wrong answer.

We now have the opportunity to cycle money through blue chip, nfts land within the metaverse and other crypto related projects that can allow you to continue expanding your investment, keep it simple and when there's a lot of hype and greed in the market, take your profits when It's red and we see people panicking with fear, reconsider investing into the market. Like i mentioned previously. You'll never be able to fully time the market, but having time in the market during different phases will ultimately leave you profitable in the crypto world and at the end of the day, the perfect crypto exit strategy just depends on. If your needs and goals can be met, if you appreciate this content drop down below the secret n-word for this video, which is enter the opposite of exit, if you don't have a vpn, also check out surf shark down below, you can stay protected, enjoy 84 off And four months free using my link down below one last thing, you guys, if you did enjoy this video and you guys would like to learn more, don't forget to check out my patreon, where you can have access to an exclusive community of like-minded individuals where you Have all the tools to stay profitable in this market within the patreon you'll also have access to our hidden, all coin gems, my portfolio, my current, buy and sell orders and be a part of what i believe is one of the best cryptocurrency communities in the world.

Thank you all so much again for watching you guys. I do appreciate the love and support and until next time, peace out.