Bull Run Dilemma: Exit Strategy vs Asset Security
Bull Run Dilemma: Exit Strategy vs Asset Security
There’s a major issue during a bull run: how to combine an effective exit strategy with securing your assets.
Let me explain: when using a CEX, you can optimize your exit strategy with tiered reverse DCA or even more advanced orders like trailing stops or OCO orders. This is crucial because, during a bull run, speed of execution is key, and you can’t automate these kinds of strategies on a DEX with a hot wallet, let alone with a cold wallet, which might take hours or even days to transfer your assets.
However, keeping your funds on a CEX exposes you to risks like hacks or the platform going bankrupt, which isn’t ideal either.
Is there a solution to combine the security of a cold wallet with the reliable execution of an advanced exit strategy?
(Of course, I’m not talking here about long-term assets like BTC, ETH, or SOL that we intend to keep post-bull run and can safely remain in a cold wallet.)
Consider a self custody hot wallet. It’s the middle ground you might be looking for.
you mean exiting into fiat? I would just convert to a stablecoin ob DEX, then exit via a CEX at your own pace. I though that’s what everybody does