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Author Topic: How do you decide when it's time to sell?  (Read 13468 times)
rikybrosh
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September 11, 2017, 07:27:14 AM
 #221

Just set the limit to sell $150 higher, and buy when the price go down about $100. It will work if we forget our emotional.

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September 12, 2017, 07:49:14 AM
 #222

Nobody wants to be monitoring the prices all day with the cursor on the sell button just waiting to click the mouse, so how do you decide when to sell?

If you set up an open order with a low target price, you'll be disappointed when the price climbs well above your target price.
If you set up an open order with too high a price, you might not sell at all.

What's your strategy?
You were the one who got into the market and bought all the coins yourself so you should make that decision on when to sell yourself. It’s a matter of choice and not about any economic indicator, if it suits you to sell then go by it.

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September 12, 2017, 07:53:06 AM
 #223

Nobody wants to be monitoring the prices all day with the cursor on the sell button just waiting to click the mouse, so how do you decide when to sell?

If you set up an open order with a low target price, you'll be disappointed when the price climbs well above your target price.
If you set up an open order with too high a price, you might not sell at all.

What's your strategy?
You were the one who got into the market and bought all the coins yourself so you should make that decision on when to sell yourself. It’s a matter of choice and not about any economic indicator, if it suits you to sell then go by it.

We are the one who buy but there are certain people who doesn't know when do they sell since there mindset is to sell whenever there coin reach for 100% pump but this mindset is very wrong when where dealing some shitcoins here, And for that matters if we can see a 50% up stats then it is time to sell our tokens since 50% is decent profit and buy back again when the price get dump.

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September 12, 2017, 09:35:46 AM
 #224

I always use technical analysis to take profit . Lets say i look in the chart 1 hours that show bullish trend then i will i take profit about 30% , then i wait for the price down 5-10% then buy it more. This strategy will keep the profit and minimize the risk when the price fall.

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September 12, 2017, 10:56:23 PM
 #225

Nobody wants to be monitoring the prices all day with the cursor on the sell button just waiting to click the mouse, so how do you decide when to sell?

If you set up an open order with a low target price, you'll be disappointed when the price climbs well above your target price.
If you set up an open order with too high a price, you might not sell at all.

What's your strategy?
You were the one who got into the market and bought all the coins yourself so you should make that decision on when to sell yourself. It’s a matter of choice and not about any economic indicator, if it suits you to sell then go by it.
I will definitely agree to what all you have said. I think this decision entirely depends on the person who has Bitcoins. I think the best time for selling the Bitcoins is when you really think that the profit which you were expecting is now achieved and that this is the right time to go for selling.

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September 12, 2017, 11:37:04 PM
 #226

Nobody wants to be monitoring the prices all day with the cursor on the sell button just waiting to click the mouse, so how do you decide when to sell?

If you set up an open order with a low target price, you'll be disappointed when the price climbs well above your target price.
If you set up an open order with too high a price, you might not sell at all.

What's your strategy?

The first thing is, I have to check whether this coin could reach certain price, depends on market reaction or how much it could attract investors. Read some news, join into slack channels and all of their social media in order to get latest information about next development. Then, to decide target price to sell by using your prediction and intuition, just set certain amount of profits that you think it could be achieved. Instead of monitoring the prices all the time, you can use trading bot to execute the orders.
It depends on our goals in bitcoin. Becasue before we are going to deal or to focus on trading we should also take a part on learning the system of Bitcoin in terms of its price and transactions. So whether changes happens to bitcoin we all kniw what to do , basically people sell when their target price is hit by the price of bitcoin. That is also the time that they would get profit on Bitcoin and earn.

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NetFreak199
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September 13, 2017, 12:51:24 AM
 #227

Nobody wants to be monitoring the prices all day with the cursor on the sell button just waiting to click the mouse, so how do you decide when to sell?

If you set up an open order with a low target price, you'll be disappointed when the price climbs well above your target price.
If you set up an open order with too high a price, you might not sell at all.

What's your strategy?
You were the one who got into the market and bought all the coins yourself so you should make that decision on when to sell yourself. It’s a matter of choice and not about any economic indicator, if it suits you to sell then go by it.
Yes thats right it will always depends on you when to sell if you have target price and then if its reach on that price then sell it with no doubt. Some people selling it then if they saw that the price is still stable then they sell it they have doubts that why they sell it. No doubt in selling that is a must.


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September 13, 2017, 11:18:12 AM
 #228

It always depends on things that will affect your decision, Do you really the money? for emergency, then sell it. Emotion can affect your decision too, do you think this is the peak of the price of bitcoin? Then sell it. For me , i am selling my bitcoin when i need airtime mobile load, or when i need to pay my bills exactly, or when i think the price is right i will sell it for me to not regret not selling my bitcoin. It really depends on your emotion and needs.
i think the best way of selling bitcoin is that when we have an emergency or maybe an accident or anything that has verry important to have a quick money to used.because wasting bitcoin to things that is not really important or maybe in small amount that people around can afford to pay.i think that was wasting.because the price may up 3x higher than todays price.

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September 13, 2017, 11:56:16 AM
 #229

It always depends on things that will affect your decision, Do you really the money? for emergency, then sell it. Emotion can affect your decision too, do you think this is the peak of the price of bitcoin? Then sell it. For me , i am selling my bitcoin when i need airtime mobile load, or when i need to pay my bills exactly, or when i think the price is right i will sell it for me to not regret not selling my bitcoin. It really depends on your emotion and needs.
i think the best way of selling bitcoin is that when we have an emergency or maybe an accident or anything that has verry important to have a quick money to used.because wasting bitcoin to things that is not really important or maybe in small amount that people around can afford to pay.i think that was wasting.because the price may up 3x higher than todays price.
yes i agree if we have  to waste even a small amount of bitcoin today" maybe it is a big lost gor tommorow because bitcoin price is rising and no one knows   it will go 3x higher from the price of today so then it is not really good to waste it.

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GeniusAko
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September 13, 2017, 12:00:24 PM
 #230

Nobody wants to be monitoring the prices all day with the cursor on the sell button just waiting to click the mouse, so how do you decide when to sell?

If you set up an open order with a low target price, you'll be disappointed when the price climbs well above your target price.
If you set up an open order with too high a price, you might not sell at all.

What's your strategy?
I always monitoring the price of my coins in blockfolio. For me monitoring the chart and the price of the coin is a good way for us to create a wise and good decision to sell our coins.

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September 13, 2017, 12:11:08 PM
 #231

when it is time to sell, then you should sell.  But there has no such a real time that we should sell  ,BTC will have  bright future  in the  next 100 years.  This is my belief

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September 13, 2017, 12:11:55 PM
 #232

Nobody wants to be monitoring the prices all day with the cursor on the sell button just waiting to click the mouse, so how do you decide when to sell?

If you set up an open order with a low target price, you'll be disappointed when the price climbs well above your target price.
If you set up an open order with too high a price, you might not sell at all.

What's your strategy?
I always monitoring the price of my coins in blockfolio. For me monitoring the chart and the price of the coin is a good way for us to create a wise and good decision to sell our coins.
that'll become a boring job and way to do, how about switching over to bot, you set up the price you have targeted and just leave until few days.
by the way, monitoring will increase your anxious and doubtfulness about whether you need to make decision at that time or not. more confusing ofcourse.

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September 13, 2017, 01:58:57 PM
 #233

i decide to sell my altcoins. when i noticed that i have a good and high profit to me. when i realized that the value of my altcoins doesnt rise high more. and lastly i decide to sell my altcoins when i really needed money. even if it low or high when i need it then i sell it.
yeah when you need cash you better sell it. actualy in cryptocurrency you can earn good profit not only buying but also selling in some point.

You should focus on making regular profits and that is possible only with trading and its also better then only holding your coins as holding will never give you regular profits so whenever you are making some profits without waiting longer you should sell your coins and buy them back price goes down again.
I think it is only the matter of difference in strategy. One may want to get regular profits so they must have to indulge themselves in trading, especially day trading. If you have enough money and want to use extra money then holding is amazing as the prices always tend to go higher. Stick to your strategy in either cases.



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September 14, 2017, 07:50:33 AM
 #234

i decide to sell my altcoins. when i noticed that i have a good and high profit to me. when i realized that the value of my altcoins doesnt rise high more. and lastly i decide to sell my altcoins when i really needed money. even if it low or high when i need it then i sell it.
your step is very precise, you must sell altcoin when it is good price and is in need. holding the coins too long is also not good because at any time the price of coins can drop drastically so when the price has reached the highest point better sold.
You have rightly said. Holding the Bitcoin for quite a longer time can result in loss but it can also result in having a lot of profit as well. I think if you want to play a safe game, then better is not to go for long term holding. You need to have something in your mind that you will sell you Bitcoins when this much profit I’ll be getting.

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September 14, 2017, 08:06:28 AM
 #235

i decide to sell my altcoins. when i noticed that i have a good and high profit to me. when i realized that the value of my altcoins doesnt rise high more. and lastly i decide to sell my altcoins when i really needed money. even if it low or high when i need it then i sell it.
your step is very precise, you must sell altcoin when it is good price and is in need. holding the coins too long is also not good because at any time the price of coins can drop drastically so when the price has reached the highest point better sold.
You have rightly said. Holding the Bitcoin for quite a longer time can result in loss but it can also result in having a lot of profit as well. I think if you want to play a safe game, then better is not to go for long term holding. You need to have something in your mind that you will sell you Bitcoins when this much profit I’ll be getting.

Holding is good but it can go the other way too if the price of bitcoin crash in future then your holding would go in vain so the best thing would be to sell your coins when it hits your target price as getting too greedy can also have negative impact on your profits so better to sell when price goes higher and buy it back when price drops.

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Fappanu
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September 14, 2017, 09:10:30 AM
 #236

For me because I'm not online all day and I have an offline work. What I do is set the price I want to sell. And I'm looking at it when I'm home tonight. There is also a win. Once again, when I see that fast enough I do not put the automatic sell first. Because my tubes might have been bigger, I was watching. That way I'm really paying for it. But now the Bitcoins have fallen at the same time the fall of the Altcoins and since investing my Bitcoins on Altcoins it is falling. It is difficult to accept but I really need to wait until I recover from my losses. Because if i'm going to sell it now I'm going to lose more

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September 14, 2017, 10:08:36 AM
 #237

Nobody wants to be monitoring the prices all day with the cursor on the sell button just waiting to click the mouse, so how do you decide when to sell?

If you set up an open order with a low target price, you'll be disappointed when the price climbs well above your target price.
If you set up an open order with too high a price, you might not sell at all.

What's your strategy?
When you decided to invest your money in bitcoin it was a personal decision and choice and I think the latter too is about making the decision, if it suits you to sell at a specific price then that’s fine, if it doesn’t suit you its still ok.
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September 14, 2017, 10:16:36 AM
 #238

For me because I'm not online all day and I have an offline work. What I do is set the price I want to sell. And I'm looking at it when I'm home tonight. There is also a win. Once again, when I see that fast enough I do not put the automatic sell first. Because my tubes might have been bigger, I was watching. That way I'm really paying for it. But now the Bitcoins have fallen at the same time the fall of the Altcoins and since investing my Bitcoins on Altcoins it is falling. It is difficult to accept but I really need to wait until I recover from my losses. Because if i'm going to sell it now I'm going to lose more


This is good strategy setting limit and selling. But still, we have to watch how the market will is going on every day at least once. If you are not a day trader, then it's ok, but if you invested money in any altcoins or bitcoins we have to watch the price chart then only it will help us to take the right decision. I will also fix one target amount for all coins once the price crossed that price I will sell my coins.
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September 14, 2017, 10:59:43 AM
 #239

For me because I'm not online all day and I have an offline work. What I do is set the price I want to sell. And I'm looking at it when I'm home tonight. There is also a win.

Good strategy, the only drawback is that you need to keep the money in the exchanges instead of the wallets...
batang_bitcoin
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September 14, 2017, 11:44:51 AM
 #240

For me because I'm not online all day and I have an offline work. What I do is set the price I want to sell. And I'm looking at it when I'm home tonight. There is also a win.

Good strategy, the only drawback is that you need to keep the money in the exchanges instead of the wallets...

It's a good strategy if you want to avoid the hard feeling of seeing the price when falling back. What I do to decide when the right time of selling is not depending on my need. If there's a need to buy something or sustain with financial then I have no choice but to sell some of my mBTC's but if there's not I don't sell and just wait for the movement of price.

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