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Author Topic: How do you decide when it's time to sell?  (Read 13438 times)
Chronos_angel
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August 25, 2017, 03:28:59 PM
 #41

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?

Simple dont  sell too high from  the purchase price,if you get a profit sell it

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logicgate
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August 25, 2017, 06:08:42 PM
 #42

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.
well you tell all the good time for selling and I agreed with all of these fact that you write. The problem is how to decide the peak price, the traders are the only one who predict the peak price because he I expert in graph reading. A normal man like you and me can never predict that, but as you said when you feel it is peak price then sell, it is a good option and I agree.

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August 25, 2017, 08:48:54 PM
 #43

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's very hard to predict the trading in cryptocurrency world. This is not like the case in stocks or the forex market. The chart says it is going up, and then it is going down. CRyptocurrency is very risky the volatility is very high plus the presence of whales makes it more difficult to read many times.
Unpredictable it is, yes. Bitcoin market is so unpredictable you can’t say anything sure about next move of the chart rather there are still some ways you can have idea of when to sell. You must have analysis of what the market have been doing since last month or week.

Having some technical skills will add a markup to your plan and then you just have to see the profit rate, whenever it is fulfilled by price chart, hit the sell button Cheesy


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August 26, 2017, 09:08:07 AM
 #44

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.
well you tell all the good time for selling and I agreed with all of these fact that you write. The problem is how to decide the peak price, the traders are the only one who predict the peak price because he I expert in graph reading. A normal man like you and me can never predict that, but as you said when you feel it is peak price then sell, it is a good option and I agree.
You should set your own target peak price and when your coin hits that value, sell it off. If you will wait further, the counts as greed and we all know it is evil in nature. If you don’t want to miss chance of getting more in return, then cash out half when price is your expected one and keep half until further prices rise.


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cramcram21
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August 26, 2017, 09:13:55 AM
 #45

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?
Well for me there would only be two things I would set a price range and a date,
If it hit the price range then I would sell it and if the date comes what ever the price of my coin I would dump it.

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August 26, 2017, 09:20:22 AM
 #46

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?
Well for me there would only be two things I would set a price range and a date,
If it hit the price range then I would sell it and if the date comes what ever the price of my coin I would dump it.

I think it is not possible with every coin because some times it may take longer than as expected. The thing we have to follow is we have to wait patiently until the price of any coin which will give you profit on the investment.


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August 26, 2017, 09:23:46 AM
 #47

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?
Well for me there would only be two things I would set a price range and a date,
If it hit the price range then I would sell it and if the date comes what ever the price of my coin I would dump it.

I think it is not possible with every coin because some times it may take longer than as expected. The thing we have to follow is we have to wait patiently until the price of any coin which will give you profit on the investment.
It seems to me that Everyone decides when to sell and what to do. If you do not take into account when a person really needs money urgently, when he starts selling at the price that exists At the moment, then you need to pay attention to all price fluctuations for a sufficiently long period. For example, I see the maximum value of the price of any crypto currency that existed for Eva's existence and therefore I do not sell less of this value. Just waiting for when this moment comes.

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August 26, 2017, 11:41:17 AM
 #48

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?
Ok I get it, you are not a full time trader at all. Take my advise, amigo... once you have bought your coin, set a sell order based on the chart that you are looking at; do not force yourself to get huge profit by selling at the highest because you didn't even dedicate your full time in trading. Be satisfied with 10% max profit, don't be too greedy... after all, this job doesn't seem to fit you very well.

Another piece of advise, get a bot... that bot will do the analysis, calculations, and will take care of the buy and sell. I actually have one which is running right now in Amazon's free webspace server. Unfortunately, my bot is idle because altcoins are not performing very well for 2 months already.

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August 26, 2017, 11:52:25 AM
 #49

First you plan on how much value you want and if  think it's content. I am doing this especially now that the Market is up and down. It's better to be sure. But if there's more to go and continue to raise is up to you. Just not to be aggressive or to be greedy because That will be your opponent.
That is very good, you make your own strategic price. I saw a lot of BTC users who sell their bitcoin according to their strategic price and trust me they get much more profit then those who just hold for a long time. Because the strategic one sell at time and when price falls little bit then he will buy again and in this way he earn pretty much profit from his strategy.

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August 26, 2017, 12:17:33 PM
 #50

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?
Well for me there would only be two things I would set a price range and a date,
If it hit the price range then I would sell it and if the date comes what ever the price of my coin I would dump it.

I think it is not possible with every coin because some times it may take longer than as expected. The thing we have to follow is we have to wait patiently until the price of any coin which will give you profit on the investment.
It seems to me that Everyone decides when to sell and what to do. If you do not take into account when a person really needs money urgently, when he starts selling at the price that exists At the moment, then you need to pay attention to all price fluctuations for a sufficiently long period. For example, I see the maximum value of the price of any crypto currency that existed for Eva's existence and therefore I do not sell less of this value. Just waiting for when this moment comes.
Yes and nobody wants to sell it at the price that they are not expected so as they see it in a high price they would probably make a move than to wait it dump in a price that they buy it.

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Mhedz
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August 26, 2017, 03:13:20 PM
 #51

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?

Yes,it's so hard to monitored the prices all day,you cannot stay on the sites whole day watching over the prices so i did stop loss limit on selling..all important is you still have profit at all than nothing.

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August 26, 2017, 03:17:11 PM
 #52

I always have a target to sell it. so I don't feel confused when deciding when is the time to sell. because if you don't have target, it will be easy to panic.
 

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marseille
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August 26, 2017, 03:23:18 PM
 #53

I always have a target to sell it. so I don't feel confused when deciding when is the time to sell. because if you don't have target, it will be easy to panic.
 

Yes once the price reaches to your target price you should sell your coins instead of holding it too long as holding altcoins too long can be really risky as price can crash at any point of time so once you have made good profits best thing would be to sell them off and again wait for the downfall in price so that you can buy them back at lower price.

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YTBitcoin
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August 26, 2017, 03:43:04 PM
 #54

I don't blindly follow market price without any plans and i don't wait without selling thinking that sky is the limit for my profits.I set a profit margin of almost 10% or 20% and as soon my invested coin reaches that price target,then i just sell my coins and complete the trade.Some don't set such profit limits and they simply follow the price rise thinking that it would continue to rise and suddenly when it gets dumped,then they suffer a huge loss by selling their coins at much lower price than their bought price.
Don’t make yourself to sit before a computer screen and seeing all the ups and downs every time. As said you must have a target profit for the investment. Just get into the news and see the rates. As far as your rate of profit is up just open your laptop and click sell button. Wasting all the time sitting and observing the rates “It is going up omg! Oh it falling shit!!” you must not be doing this. So smart work not hard

DevilSlayer
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August 26, 2017, 03:57:52 PM
 #55

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 right time to sell our coins if the price of it is now became double or triple. If the coin that we are holding is bitcoin, I think the best time to sell it is 5 years or 10 years from now. I know that in the future the bitcoin will become more expensive.

Ferris419
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August 26, 2017, 04:41:10 PM
 #56

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 right time to sell our coins if the price of it is now became double or triple. If the coin that we are holding is bitcoin, I think the best time to sell it is 5 years or 10 years from now. I know that in the future the bitcoin will become more expensive.

Holding bitcoins for the long term is the best way to make huge profits in future but if you are holding any altcoins then its better to sell it when you are already in profitable situation as you cannot have same level of trust on altcoins that you can have on bitcoins as bitcoin is a long term player but altcoins are not try to sell it when you are already in profits instead of holding it too long.
cryptohorsee
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August 26, 2017, 04:48:32 PM
 #57

I just sell when I see the volume is dropping or when the price is good for me and I make profit! But general strategy is to sell portions  of your coins when there is a pump!

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Intersan
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August 26, 2017, 08:04:58 PM
 #58

I discover and use the bitcoin lately, so I'm just starting to make allot of money using a bitcoin. I decide to sell my bitcoin if I have to need to pay or buy. This is because I'm the one who have a good salary and the breadwinner. I pay my parent's debt and used some of my money in buying gadgets and also for the allowance. Even the price is low I do selling because it needs, its enough for me because I have an income, only internet and spending of time has beeb used, no investment. Sometimes one week before I need the money I set my coins in what price I want, this is because of chances of high profit, if this not sell I will sell to the actual price.

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abstractednerve
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August 26, 2017, 08:09:47 PM
 #59

I sell my bitcoins when I am sitting at comfortable position and already have made some good profits and if not then I choose to hold them till it doesn't land at my desired price and in altcoins I trade it on short term and sell it off as soon as I make even a small amount of profits as its never wise to hold any altcoin for a long term.

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virtualkeybuyer
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August 26, 2017, 10:26:50 PM
 #60

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?

Simple dont  sell too high from  the purchase price,if you get a profit sell it
A smart move is what you need. Time to sell bitcoin is the which you have set as a target. Bitcoin has to increase in the future, but we need have some patience for that. If it’s the right time according to our mind, we should sell it. This is how t works. Investing and then selling bitcoin after you get some profit is much handy way to earn and this is how people earn.

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