Bitcoin: Entry/Exit Strategies | Benjamin Cowen YouTube Video Summary

Bitcoin Entry and Exit Strategies

In this video, Benjamin Cowen discusses entry and exit strategies for Bitcoin. Cowen first dives into the different methods of entry, and exit startegies. Cowen notes that no one knows exactly where the market's going to go so it's important to have a plan and stick to it.

Defining your Risk Tolerance

The best approach to entry and exit the bitcoin market depends on one's risk tolerance, investment timeframe, and goals. A young investor who's more risk tolerant would want to be more aggressive, whereas someone nearing retirement would want to preserve the wealth they have already.

Methods for DCA Buying & Strategies for Exiting

Here are the differences between DCA Equal Amount versus Dynamic DCA:

• DCA Equal Amount: The amount you enter you like DCA periodically. This is the more straightforward method, and its free to try at into the cryptoverse premium website.
• Dynamic DCA Strategy: You can look at many different crypto currencies to add to the overall cost and create a weighted result.

Exit Stratgies

• Enter the amount of coins you like to sell and the projected peak price you expect, you experiment with the exit strategies according to values are approximate and No data from this tool is sent to ITC servers.

There are exit startegies for almost any level of risk:

• Conservative
• Moderate
• Aggressive
• The Hodler
• Yolo
• Sea of Tranquility

Cowen notes that It's always about managing our risk as investment is not about predicting what will happen, but managing our risk with all our assets