Skip links
Published on: Blog Posts | ChainMyne

Planning your Exit Strategy

Much like the four seasons, markets follow a pattern. However, markets do not follow a narrative. It is important to make this distinction. Narratives are written in response. And you can see this relation every day in podcasts that attempt to feed you the next big token, alas, they are often a day too late. The news cycle will never control an organic market. Markets are a psychological manifestation and paying attention to that natural order will allow your strategy to fall in line.

https://www.coindesk.com/sp-goes-live-with-bitcoin-ethereum-crypto-indexesAlthough, at times, there are major headlines that can drive the market.

We all know that the end follows a climax, and we all must prepare for that event. I am not indicating that we have seen a climax yet, I am only preparing a cushion when the end arrives. Today, I plan my exit by setting sell points and relying on yields to achieve my goal and I hope you will too.

https://www.coindesk.com/nows-the-time-to-bet-on-volatility-in-bitcoin-and-ether-options-markets-experts-sayHigh volatility may cause the casual trader to act on emotion, whereas de-risking a portion of principle into a stable token can help the trader stomach the volatility.

Although de-risking one’s invested principle is boring and often ignored, the advantage is literally a dividend. Today, we have options that will help us de-risk by staking stable assets that offer volatile yields. In our previous article, ‘Your favorite Defi tokens explained‘ we outlined trending Defi applications, and if you haven’t already, it would be high time to use them. Yields shell out over 60% APR which is to no surprise for those who have been staking for some time. There are even pools with triple-digit yields and for a year now they have proven their value. Many have taken advantage of these offers, and these Defi games will continue to offer high yields while the masses are completely exposed to risk. 

Reserve Risk

“Reserve Risk is used to assess the confidence of long-term holders relative to the price of the native coin at any given point in time. When confidence is high and price is low, there is an attractive risk/reward to invest (Reserve Risk is low). When confidence is low and price is high then risk/reward is unattractive at that time (Reserve Risk is high).Glassnode studio.

There are many more ‘Defi games’ out there, so find your favorite and participate. Last year’s Defi summer began with around 4 billion locked up in total value across all Defi apps, and now that has grown over an order of magnitude to well beyond 70 billion in staked value. The trend is not over.

Percentage of ETH locked in smart contracts

Timing is everything when speculating on markets, and second to that is finding a legitimate off-ramp for that well-timed execution, as there will be a time to turn your speculative asset into fiat. ChainMyne offers that regulated gateway, one that is secure and reliable. Rest assured, we will soon enter the stage where exchanges lock users out, websites crash, and liquidity dries up. Then, you will be wishing you have done your due diligence.

“ChainMyne offers a boutique OTC service to our clients. ChainMyne is plugged into all the largest liquidity providers globally and provides an instant settlement with no price slippage on large block trades.”
– Philipe Salem Head of Sales at ChainMyne

Here at ChainMyne, we believe cryptocurrencies offer endless opportunities. As a proud Canadian exchange, ChainMyne is building towards a new future of financial independence, transparency, trust, and accessibility. Start trading with ChainMyne today and experience for yourself how we provide our clients with the best-in-class customer service, a tailored personalized experience, and easy access to building wealth … all through a secure and reliable platform!

Leave a comment

get_footer();