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Author Topic: How do you decide when it's time to sell?  (Read 14295 times)
Siren
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November 05, 2017, 05:18:15 AM
 #361

I always decide selling bitcoin on my situations,sometime bitcoin price will increase on that case i am happy to sell it.some crucial times also i will set the bitcoins.

I think you should sell only if needed. If you don't have any emergency, then bitcoin holding is the best choice. And you don't need to sell your stash, just get a few then keep the remaining because bitcoin will surely increase in the future. Personally, I'm not selling specially with the current price, I'm expecting it to grow more before segwit2x and then I will decide if I needed to sell because the price might go down. But in any cases, hodling is the really good at this time.

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TitanGEL
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November 05, 2017, 05:36:17 AM
 #362

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?
We should have many strategies and techniques for us to earn many money in the trading world. My strategy is very simple, I buy when the price is low and I sell my coins if the price is high. I can say that it is the easiest and one of the profitable techniques.

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November 05, 2017, 10:46:04 AM
 #363

I decide selling bitcoin depends on:
my needs
bitcoin price is high i can get good profits.
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November 07, 2017, 08:41:26 AM
 #364

I decide selling bitcoin depends on:
my needs
bitcoin price is high i can get good profits.
Selling is all about the satisfaction price and as it comes I will sell and more of it if this question is asked generally the buy at the mist low prices when there is dump buy as much as you can because this coin will give you so much in future, and sell at that time when you think that price will not rise more and now prices are going up and there is no stopping limit for them so for now wait for 3 more weeks and then sell.

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November 07, 2017, 01:45:25 PM
 #365

I decide selling bitcoin depends on:
my needs
bitcoin price is high i can get good profits.
It is not a difficult task to decide when you have to sell your Bitcoin. All I know is that being the most highly valued digital currency they are not worth selling at anytime. Even in urgent need one should have some supplementary way of  earning instead of selling the BTC  for fulfilling your needs. Otherwise everyone do prefer the time of high market price that is most appropriate for selling your digital assets.
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November 07, 2017, 01:56:05 PM
 #366

according to me its probably upto the buyer,i.2. depends on the profit margin he has set.
In general it is advisable to sell when there is a sudden rise in its prices because usually it is followed by a dip.
(this dip may have no or significant impact .)

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November 07, 2017, 01:59:30 PM
 #367

I decide selling bitcoin depends on:
my needs
bitcoin price is high i can get good profits.
It is not a difficult task to decide when you have to sell your Bitcoin. All I know is that being the most highly valued digital currency they are not worth selling at anytime. Even in urgent need one should have some supplementary way of  earning instead of selling the BTC  for fulfilling your needs. Otherwise everyone do prefer the time of high market price that is most appropriate for selling your digital assets.

Well what do you plan to do with your coins then? Eventually there will come a point when you'll have to sell it, whether for profit or necessity. The reason you're saving btc is for you to sell it at a profitable rate.

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November 07, 2017, 02:15:50 PM
 #368

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?

If only I can have a good internet connection everyday I will monitor different coin prices. It is just to be updated with the latest price so that I will be able to know if a coin is rising so I can now sell it.
Another tthing I do, I set my coin in a not so impossible price. If it is green it has a potential to rise more so if the price now is 0.003 then I will set it in 0.005 . Luckily someone bought it.i did the same thing a few hours ago, I did not visit my exchanger acount yet.
Sometimes if the coin is going down and down, I set it to current price convert it to bitcoin then I will just wait for the bitcoin to pump. And yes it if effective for me.

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November 07, 2017, 04:30:28 PM
 #369

I think you need to monitor it everytime. Don't trade if your lazy to watch of your coin. Just sell if the price gets higher.

Focus on learning...
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November 07, 2017, 08:40:43 PM
 #370

I think there is no formula about the right timing to sell your coins. Maybe its just right to listen to your instincts. Just dont buy in to fomo and keep on reading whats going on in the comunity of the coin you are trading. Keep an eye on some indicators and be prepared to dump all your coins. You never know what might happen

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November 07, 2017, 08:47:35 PM
 #371

Whenever i want, condition in profit at least 8%. While on bitcoin, i sell when has achieved profit above 20%. Although it can be said hastily, but it's my sustenance. So, I don't feel loss potential to gain bigger profit.

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November 07, 2017, 08:58:35 PM
 #372

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'll put a price where I think it gives me a lot of advantages, right you say if put the price is too high, we will not be able to sell anything.
So the decision will return to itself

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November 07, 2017, 09:14:07 PM
 #373

It depends. Are you doing long-term, mid-term or short term investment?

Long term the best is to just HODL. Sell if you need to pay expenses in fiat.

Midterm is really up to you. How much profits do you want to walk away with?

Short term/day trading - Analyze charts and sell when the technical indicators suggest you do so.

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November 07, 2017, 09:59:20 PM
 #374

Well it depends on what is your plan with your trade. If you invest it for long term then I think you shouldnt be worrying it. If day trader then apparently within the. I usually take profit if it hits 5-7%. This will be a more realistic target. Search for a volatile coin and have a good volume so that you can get out easily. For midterm I think 20-30% is sufficient enough but if I am  anticipating news that may give a big impact to the coin then I just set a stop loss then if it gets higher then I just adjust my stop loss. As they always say have a trading plan before entering any trade.

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November 08, 2017, 03:32:55 AM
 #375

Once you bought a bitcoin, you have to be patient and cautious when you are about to sell your bitcoin. I sell it once the price climbs up and look at the previous charts as a guide if the price can climb more.

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November 08, 2017, 03:46:25 AM
 #376

I think you need to monitor it everytime. Don't trade if your lazy to watch of your coin. Just sell if the price gets higher.

You need to monitor every time if you're just holding it for short or mid term but if you're into long term holding all you need is to sit with it.
I decide to sell when I profited at least 10% of it like I don't wanna be too greedy and just want to have a fast return of investment then will just buy back again in dips. Also I sell of course when I need some fiat like if there's an unavoidable circumstances that I need to take an action but if none, I didn't touch my coins and watch it grow.


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aleksabat
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November 08, 2017, 04:07:12 AM
 #377

Right now i do not like to sell altcoins, because the price it is too low. I can sell them only in case if it gets x3-x5. Then i could sell 50% of assets. But i think in future everything is going to have higher price, so there is no point to sell a lot.

chadzscript
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November 08, 2017, 04:22:36 AM
 #378

for me, first of all if i need money, but if you think that bitcoin value will going to fall maybe it's time to sell your bitcoin but do it in your own risk.
JoMarrah Iarim Dan
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November 08, 2017, 04:39:44 AM
 #379

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?
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?
 No you are wrong. me and my friends always monitor different coins price so that when the price is pumping we will not miss it and that is the time to convert our coin. by that your questions such as

" 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. "


will not rise. you will avoid selling bitcoin in low price. By means of monitoring we can also analyze what coin is better to buy or not. We can make sure that the we are buying is a good coin and many people are trading this coin so we have assurance that we have profit and we did not waste our money buying this coin

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neonshium
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November 08, 2017, 05:16:13 AM
 #380

I always decide selling bitcoin on my situations,sometime bitcoin price will increase on that case i am happy to sell it.some crucial times also i will set the bitcoins.
In short you are trying to say that selling your Bitcoins is due to a mere reason of falling short  of money supply required meet the daily needs of a person. but if you allow me to guide you in this regard then my  suggestion would obviously be a big no to selling the BTCs. this is because prices we rise to a higher level without you getting noticed about the situation and hence it would become impossible for you to buy whatever you have sold again.
If the investor is living in the country where bitcoin is used frequently then there is no issue about shortage of money because in those countries bitcoin can be used as payment and this coin has capability to overcome any type of financial crisis because this coin gives so much that one can easily survives in shortage time and sell bitcoin in the time of high price and more of it buy at the time of falling, so simple.
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