When do YOU sell?

[margert]

When do you decide to sell?

Is it a sat, a % of profit, or even a randomly thought up number in your head?

I am new to trading Crypto, but when I traded other stocks, I would aim for a certain percentage.
This seems much easier to hit that percentage, but much more risky.

How do you determine when to let it go?

The market is in the downturn, the crisis, bitcoin prices and other coins are continuously falling in recent days. The market is at a very difficult time in the annual cycle. So I think that the current time of the trade will be very difficult, gaining from 3% -5% of profit a day is very great and I often stop the interest at that point because of the bitcoin is Drop very strong, you are very vulnerable to double losses when the trade fails.

[hjfjmk]

First of all, you have to judge whether there is still a possibility of growth in the market, and you have to rely on your own economic level, can not hold for a long time leading to your own lower standard of living. There is an expectation in your heart that you can sell if you reach the same level as you think.

[Dikpora77]

I dont want to release my coin in this moment, when market grow to down, I will keep my asset until I get the right moment when the bitcoin price up.

[Searing]

I am kinda getting pissed off at the drama of my friends and family piling on for me to dump all crypto!

Starting to look like a 'real issue" with all my friends and family now  'piling on' that I am an Idiot..and that I should sell, sell, sell it all!

Luckily, (or unluckily depending on how low BTC and ALTS dump) ...I am essentially 'immune' to peer pressure on such...however...they are sooooo wound up about it

I may cause a couple coronary's among my friends... (hmmmm)

Anyway, back to my original plan ..which also drives them crazy

1) crypto allowed me to retire 3 years early (just turned 63 years) live the wonderful ghetto suburban bachelor lifestyle that I have (before retiring) aspired to...

2) I can have this same 'dubious' bachelor lifestyle ...should I go back to work....or if I simply used my 'traditional Edward Jones investments w/o issue.

3) or I can mine...use my ALT coins and even with BTC at under 500 USD and ALT's dumping worse...I STILL will be able to pull this off and cover private health insurance to boot!



Here lies my confusion... WTF does it matter if I take a flyer on crypto? I likely will be dead in say 25 years at best anyway...it is not like I'm gonna change my ways

or lifestyle at this point in my life anyway...indeed everyone should be telling me to HODL, HODL, HODL and make WILL...will be their only chance to gain off my crypto gamble.

Anyway, sorry for the rant...but hell, its ONLY money...I got other things to do with my life besides spending money I may not have, and if you have to say anything

about the crypto universe..it keeps you on your toes...and the brain pan working and is entertaining as hell....even in the slumps...

so hell, I decide to MAN UP and take some (looking at above) MODEST risk...and sh*t the world is ending...with this kinda clamor...I'll likely hold till tulip status out of spite!

anyway, end of rant...and again...it is that 1.5 billion USD hanging out there from mt. gox that is the cause of all this IMHO...if they have enough sold right now to pay

off the original investments and simply auctioned it off or better yet gave a 'percentage' under some kinda plan of BTC BACK to the mt. gox folk, IMHO MOST OF THEM

WOULD HODL...bang...back to 12k BTC again...but this sword of doom hanging over the market on when the trustee clown is gonna drop the hammer and panic dump...

is starting to p*ss me off!

(end of rant)

brad

[BigBos]

Honestly, I hold some altcoins that I'm sure will cost me back up. for the time being, I probably will not sell the coins, because in general, I lose a few% because the price is currently down. so, i might wait.

[sejhdjdt]

我认为现在我不会抛售我的任何货币，目前市场处于一个低谷，如果抛售的话，我相信用不了多久我就会后悔我的这个决定，我将等待着它的下一波爆发，我的预想是比特币达到20000美金的时候抛售我的比特币。

[rosalyn07]

I'm a short term trader and i would really plan to sell of on a particular price point if i do see that i'm already on profits and buy again if the price would dip again. It would depend if you are holding for long position or either on short. We should sell on those price when we do see that we do earn profits and never ever sell on lose because price will eventually rise up again for sure.

[Maksimus ZH]

I trade simply! Choose a few instruments to trade, keep track of trading chart. When it falls 30%, then buy, growing at 30% - sell!

[s31joemhar]

I sell my coins if I really need money and I have no choice where do I get money for my needs. Then I will gonna withdraw it.
I also sell coins if the price of bitcoin increase in to highest price which I will get a profit that is double to my investment.

[mstfprcn]

according to my own personal experience i start buying whenever the price of bitcoin going down and whenever the price of bitcoin is going increasing then i start selling my coin which will give me enough profit.

[liivii]

You're the one who will decide how much or what range you think the best to sell your coins, but for me I rather to continue holding it unless there's a situation that I needed money. Holding coins is a risky decision but you have to do it if you want to earn money in future. Selling on the other side is good only if you see some profit to earn but if you just sell for panic reason that is a nonsense idea and don't mind other people suggestions of selling your coins right now because those people have no knowledge on what bitcoin can do to anyone's life.

[neoandtrinity]

When do I sell? It depends on when price market and I need the money so that I sell it or  I am already gaining a modest profit but usually first reason.

[jimbo77]

I provide it within the event that I need it, on the grounds that my objective is in bitcoin to assist my economy and my day by day prices. thus i will be able to provide it once I need it and simply somewhat oversubscribed and also the rest I hold. I see that bitcoin price enhancements once i am at the best purpose of the price i will provide them and no matter is left of my money is tube, I gather the bitcoin from the outcomes following the mark battle and that i gather till the purpose that the price expands then I provide and simply some of I provide if vital.

[faza13]

Usually I go with %, and minimum 1,5%
But if it isn't reached I prefer to hold it

[gawer33]

my strategy is to sell it when the daily's is oversold and buy back later on retracements. even the coin is BTC I keeping this as a habit to keep my profit lock. my indicators where RSI, stochastic and Bollinger bands.

[Mihaylovic]

i was never selling before when i first started to trade. those times trading was much easier and i was not aware that i can loss too much. now i have my stop limits to sell. i have my targets to sell. and most of time if the price is over bollinger band i sell.

[kramr]

I have put resources into Bitcoin for a more extended time and I have thought to stay in Bitcoin until the point that I don't have to utilize my cash as fiat.it appears that it is ideal for long haul which is the best for individuals who need to be a mogul

[ElingElingUmat]

I always sell when there is a profit if there is no profit will not sell it, because the purpose of selling it is to make a profit, if it is not profitable then I do not sell it.

[bealjulian]

I sell when Bitcoin and Altcoin are trending down or vice versa when it's trending up but at an increase I think it is appropriate to sell to wait for a low price and a suitable buy back. Good way for long term trading once you know you at least don't need it instantly as that can definitely hold down your coin

[htconem7]

That was the reason I mentioned once that everyone knows what works best for them so it is best to stick to that, practice it well to make good decisions. However, it is best for you to follow the news at times instead of just buying in dips thinking everything is alright. I will sell when I get a profit, I never set how much profit I should get because it all depends on the price and market conditions at that time, if the price starts to fall I will sell it even if I get a little profit than i have to hold my bitcoin again