Hello everyone!
I’m curious to know how old everyone is and if they have an EXIT-Strategy. I’m in my mid-30s and I’m starting to think about my EXIT-Strategy. I’m trying to figure out the best way to transition out of my current job and into something that I’m more passionate about. I’m looking for advice from people who have gone through this process before. What have you done to create an EXIT-Strategy? What tips do you have for someone in my situation?
Thanks in advance for your help!
Cheers,
Forum User
You have a worthy goal. Keep up the good work!
I would never exchange Bitcoin for fiat currency in order to hold fiat currency instead of Bitcoin.
I would NEVER use Bitcoin as loan collateral – read the fine print. All of it. There are a lot of things which can go wrong, and if/when any of them do, you lose your Bitcoin.
Hopefully by the time you’re 50, one will be enough to retire 🙂
Chad
I’m 41. I do have an exit strategy. It’s pay off my house.
By the time you are 50, you won’t have to sell Bitcoin for fiat.
I don’t plan on selling my Bitcoin. It is really my post-apocalyptic fund. If the dollar crashes, or the existing monetary system collapses, or if the governments force CBDC on us, then I will at least have some Bitcoin. But in the meantime, as long as I can buy things that I need with fiat, I will keep using it.
Yeah I have an exit strategy, it’s to exit completely from the fiat slave tokens and live off my btc.
12, no exit at all
35… Start exiting at “accepted as fiat globally”
Lmfao people on here saying they will hold on to btc forever and others asking about exit strategy.. can’t make this group up.
My exit strategy is this:
One day bitcoin will allow me to exit my job.
I dynamically DCA in and out of the market with the risk model from alphasquared. I’m 39.
BTC is primarily for accumulating and protect against fiat, which is what most people will tell you in here. But there is also no denying the fact that you can seriously compound your gains if you convert back to fiat during the cycles when the risk is high.
The question is what do you exit to? Is there anything that has better risk reward ratio? I frankly couldn’t find any.
I may slowly spend my btc for goods and services later.
No exit at all!! I pray to pass down my seed phrases along with financial literacy to my kids, kids, kids, kids, kids so they can maneuver through this constant innovative world.
I’m the person who started the snowball, I’m not suppose to see the end of it
I sell, when I can pay my groceries in the normal supermarket, pay my rent, and get salary in Bitcoin. (When I still need to work)
Exit strategy is $1Million/BTC or oh-well it was an experiment.
I’m in for a looong time. Once BTC hits 500,000 mark, I’ll be out and retire. Hopefully BTC hits 500k after 10 years or another 3 halvings. Do you think is that achievable?
Do you hold on hot wallet or exchange? Curious to know long term strategy
bitcoin is the exit, that’s kind of the point
I am 20. I have an exit strategy for the next bullrun and then I will DCA myself back into Btc and maybe stocks or Etfs.
My exit strategy is to never have to hold fiat or rely on a bank ever again
49 and it’s in my will to my son.
Once my one coin can pay off my house, I will sell it and live rent free.
18, I will exit once BTC can pay for the lifestyle of my four wives and get me on the Forbes 30 under 30 . I’m a simple man with simple dreams.
Damn 25 and have over 1 bitcoin. You’re doing better than most already.
I’ll sell some at 300k, 500k, 800k. If it never hits then I’ll sell some at 54yrs old and take a nice vacation.
I’m 32, just had a kid. Don’t even know my strat at this point. Just gonna hold.
Mid 40’s. Exit strategy is to educate my kids and pass it all along to them.
Bitcoin is the exit strategy.
🔫 – my exit strategy
Yes, I plan on selling a portion of my bitcoin when it reaches a certain amount. This range is 250-400k.
At that point I will rebalance <50% of my stack into other investments as I’ll have made enough to FIRE multiple times over and will want some income generating investments for passive income.
> Would you take loans if BTC would be considered a security?
BTC is a commodity so don’t understand the question.
Personally I would never loan my bitcoin out if it meant that I had to give up the keys.
Bitcoin is the exit strategy
31 here. My job is ESOP and has a 401k, so ill be set when im done working here with a fat chunk of change, but i want more. And i want it sooner.