HomeBlogWhy Having an Exit Plan Is Crucial in Crypto | by Alertforalpha...

Why Having an Exit Plan Is Crucial in Crypto | by Alertforalpha | Coinmonks | Jan, 2025

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Making money in crypto is easy — keeping it is the hard part. Without an exit plan, you could watch your gains vanish overnightStay tuned with me for more crypto related alerts — TelegramJoin with we on Discord, Let achieve together — DiscordThe crypto market is a rollercoaster, and it’s not built for the faint-hearted. Prices can double in days and then crash by 50% the next week. If you’ve been around long enough, you know how quickly your “paper profits” can disappear.Here’s the deal: it’s not about how much you make — it’s about how much you keep. And the only way to keep those gains is to have a solid exit plan. Yet, most people ignore this crucial step, blinded by greed or fear of missing out (FOMO).In this post, we’ll break down why an exit plan is vital in crypto, the dangers of “winging it,” and how you can create a strategy to protect your hard-earned profits.Let’s paint a picture:You buy a coin at $2, and it skyrockets to $10. You’re ecstatic, imagining the riches to come. But then, the market tanks, and your $10 coin drops to $1. You think, “I should have sold when I had the chance.”

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