Short YouTube video by Ben Simpson presenting a brief dialogue about cryptocurrency selling strategy. The speakers emphasize that buying is easy but selling is the hard part—having an exit plan, taking profits on the way up, de-risking by removing portions of a position while keeping market exposure, and avoiding trying to time the absolute top are the central messages.
Everyone tells you how to buy crypto.
But no one tells you how to sell.
This is the hard thing.
Anyone can make money crypto.
You can buy and accumulate as much as you want.
You can make hundreds of.
Thousands of dollars on paper. I did my.
First cycle and I.
Lost the entire thing because I didn't know how to sell. The biggest thing with.
Your exit plan is that to not try and pick.
The absolute top.
Of a bull market.
So the way we do it is we take profits.
Out on the way up.
We want to de risk our position by having exit strategies where we take chips off the table, stack the profits.
While still maintaining exposure to the market.
Having those points on those exit strategies is critical to make sure you don't miss the top and you're still taking profits while without having to risk.
Try and time it perfectly.
