Bitcoin Forum

Let's  suppose  you  want  to sell  a coin  that  you purchased  and  now it's  on 50 cent  and  the best  bid  on the exange    you  are willing  to sell  is  0,20 .

How  do  you  generally behave

Do you sell  or  do you wait  for best  offers?  Do you go on other  exanges  where  there are better bid offers?

Do you sell  a small ammount  at the best offer  and then  wait  for  other  best  bid  to  sell to?


For example It'  always  a  pain  to see  a coin at  the market price  of  2$   and  having to sell it  at 1,6009j  because greedy people  want to buy  only  at this  leve (example)  in that moment

How  do you beahve  usually in these situations?  Do you ake  distribution selling  (selling  a  small piece  time to time  for the best offer) or  do you  sell everything  at the best offer  just  because  you want  to liquidate everything?

Know it's  a  stupid  question, because it  depends  of the situation, and  how  high  you consider the coin go, and  so on..

just  to  know ho  do you behave  in these  situations

There is no correct formula to sell, I always analyze in the long run and I like to hold the currency in my portfolio to maximize my profit, even if in certain periods it has a decrease in value. I see the market as a big casino and sometimes you have to risk your luck to make big profits. Good Luck and and use your instinct, sometimes it is better than any opinion or analysis.

in my opinion i choose i am waiting cause i already lost many $ in trading for short time so now i see everyting so i think long term investment is profitable.

wait for the best sell unless you forget to and somehow get lucky with a big jump then go ahead and sell as fast as possible. I used to like going to other exchanges but a lot of them have burned me lately so I have been sticking to old faithful Bittrex

To behave yourself in selling is you need to build tactics.  Tactics that can help you organize the key points on selling. But the best attitude you need is to be patient and be open minded this is the best way to control yourself and behave well while selling.

Tactic in the sense what you are saying bro. In trading every people have the own stretegy in the trading platform so investing on the trading site. If you invest on the cheap altcoins with the high potential you will get the profit more than anything.
Whenever we facing the loose in trading still we have to wait for the profit for the next day investment that is how we have to manage in the trading. In this platform low amount investment people will not be able to get the profit. they will loose at anytime.

i don't go to other exchanges I just stick with the one i'm using it'll just be a hassle for me to move while trading and wait for confirmations. I wait for the best offer then sell the coins in one go or take some of the best ones possible if one order isnt enough to cover all of the amount because the prices move very fast. 

I don't think there is some rule how to behave. Everyone knows best for himself and estimates when is the right time to sell under which conditions.
If I don't need funds urgent I wait the time when the price is most favorable on my favourite exchanger.

There is no need to behave ourselves if we want to sell our coins when the price goes up, that is a natural thing,  but I prefer just selling at least 30% of it so I can get my capital and can save it in a bank, and wait again for another price increase to cash out again and so on, I am not getting all.

In crypto currencies  case I always like to do is holding it for a long period , just like an investment asset. At this period of gap definitely create a fair return from my investment that compared to purchased price. Only on that time I will sell it otherwise I will wait for it.

I think this is really really straight forward question with simple answer. You don’t sell going into loss at any point. Yes people are greedy and they always want to buy things at cheapest possible rates. I think that’s applicable to you and me also , because we also want huge profits out of it and that’s what market is about. ;-)

I don’t and will never trade my coins under emotional circumstances bevusse that’s not the way it should work. I always believe in swing trade where I will at any cost try to sell at higher rates only. If the trade is not working for longer periods then we should wait for the break even point and sell with no profits no loss.

It really depends on all the information you have on that particular coin. If I think a massive sell of will happen, and that price is probably a good one, and I will sell it. If in a later time I think it will go up again, I will just buy the dip, and I'm making profit. If I think there is no reason for the price to go down, and it's the market doing it's normal cycles, then I will just hold it. For instance, bitcoin price is dropping a lot these days, and I sold a few at $14k, I am now waiting for an opportunity to buy them back again.

This is a good technique but it's hard to do this all the time. For instance, when you sold them at $14k, the price could have gone to $17k and you would have a big loss instead of a profit.

For every single action you take in the cause of trading and investing in cryptocurrency, you need a plan. Whether written or mental accent! It will be late for you to start think about what to do at the point of selling.

In your stated situation I will hold the coin if it is the popular one and has the potential to grow in the future even if I hold it as it is. I wouldn't sell such coin if I'm not getting good deal from the people around the internet. I will let the coin grow on its own first and then see though the market again to achieve good price per coin. I think it would be hard for myself to buy coin at 0.50 and then sell it at all the way down 0.20 cents. Thats just not digestible because that would be planned loss. Apart from this you should always make the entry point into the coin in such way that you buy it at lowest possible price. For example, it could be early bid investment in the ICO start up. Then you can make any kind of trade you want if the coin is hit the exchanger and having prices more than the early investor bonus.

Your question has several parts. I will answer one by one.

You said Market price shows $2 and best bid is $1.6. The market price is an average of last prices at which trade happened on all the exchange so it is always bad to sell off your coin at bid price which is 20% less than the price of last trade. So you should rather create sell order above $1.6

Now coming to inter-exchange price difference. You said one exchange has price of $0.2 whereas other has $0.5. In reality such situation hardly happens. The difference of 250% could only be possible in the case of deposit/withdrawal problem or wallet maintenance. Or if anything like this happens in normal condition, everyone will run to other exchanges. There is nothing like "Willing Exchange" if it is giving you 60% less from other exchange.

It depends on the coin. If I see that coin can considered as good for long term holding then I will risks for holding. Aside from that, I need to study that coin e.g checking their daily volume, checking their ANN thread if any, checking their official hideout, and lastly, speculation. Since I got it for cheap, then I will play gamble here.

But honestly, we have a thing called "instinct" so it really varies per trader on how they will deal on that.


You know just build trading experience. On the way, there are chances that you may lose and regret what actions you did.

As soon as you progress, you will automatically adapt on how to deal with that kind of situation without any "specific" way on how to behave.

Being a Technical Analyst always plan each and everything before you take the trade and after taking the entry you just need to behave what your trade plan says and not what your mind says to you, this is how professional trading works.

Even Myself before taking the trade I make a trading plan and make a note of each and everything and afterwards I don't make any changes in that plan while the trade is running which is all because of my change in emotions and that's why i don't allow my emotions to ruin my hard earned money. Remember one saying of those professional trader's " Trades are plan before the market opens and executed during the market hours" and i follow this rules religiously.

Correct, usually we will not go for a trading site if you have bad experience on it. On the other hand if you have a good experience with any of them, you will stick to it. So I also don't look shift to other trading platform. I will look at what is the current offer, and if it's what I'm not looking for, I will not make any orders, but if it looks good to me, will sell it quickly and move to other coins that I think has the potential to increase in the next couple of weeks.

As far as how to liquidate, its up to you, most of the time I sell everything and will get back when the price is cheap. While other prefers to sell portion by portion. So its depends on your goals, and entry and exit strategy.

for me it really depends of the coins market condition if it is on the unusual spike i most likely will sell and try to rebuy it on before spike price

Why your post is looking so weird? have you been writing in a pentium 3 or what is wrong with your keyboard?

Anyway, i haven't reached out your real question, but i have never seen that kind of spread or just price difference on the same exchange with the buys/sells.

I remember that there are some that are selling a crypto at $1,30, and you need to buy them at $1,50 (buy/sell)

But that is a huge clickbait for most users.. But the "buy" price is the one who is always being displayed on coinmarketcap.

That's true , it is conditional actually . When you confident enough to predict the price will continue to grow then why you have to sell it at low?
Just set the sell position at the highest one , that's the reasonable one to make profit.
Otherwise you can easily do an arbitrage trading , just move your coin into an exchange that have higher price.

In my opinion, as long as you already have profits and you are already happy. Just don't be greedy. Even you will put sell order, just wait on it. My strategy is setting a sell orders before the high volume amount of total amount of selling price. I just doing profits. Sell when already have profits.

Probably ofcource I do sell when my price goal already. In trading I just learned this in my friend that you must have a price goal in order for you to not lose it again. Just don't panic when it's already drop and don't be tempted when the price already reach what you want sell it don't wait for more higher.

I always set the milestone to profit, not too greedy whether it is. In addition, I also define the milestones to minimize the damage I usually leave at 20%. In terms of profit you need to know how much is enough to constantly monitor the market, technical analysis. Good luck

I'm not really the pushy type kind of seller, but I do carefully strategize and plan how to sell my coins by means of competing with other sellers. I just slightly lower down the price of whatever coin I sale to the point that it will be more persuasive to buy than other sellers. It actually works for me and I hope it works for others as well.

patiently waiting until my plans reach my target price..

patient wins every time in market :) and if you mad upon the dip you will lose maybe your coins or opportunity :)

Lol, the topic sounds kind of funny when I read– how you behave when you sell Bitcoin lol. Well, sometimes I do get pushy to sell my Bitcoin and get the money, but it all depends on the situation at hand, If the situation is bad, I might sell immediately, but if things seems to be alright, then there is no need to rush.