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Author Topic: How do you decide when it's time to sell?  (Read 14210 times)
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November 12, 2017, 09:53:57 AM
 #401

I decide selling bitcoin depends on:
my needs
bitcoin price is high i can get good profits.
The thing is I myself do not think of selling of bitcoin as some good idea. The way bitcoin market’s price is increasing with each passing day is a proof of this thing that holding can help you in making more money. In case of need, I only sell my bitcoins at the time when I am having some good amount of profit in return. I do not go for panic selling as it will only result in huge loss.
Agreed, in my opinion long term investment makes better opportunity in profits and actually its pretty simple that you should always had an exit plan before you getting into the market, getting in is easy but getting out isn't as simple as you think and we can't never predicts a high or low of a currency but as long as we stick to our trading plan and executed it without doubts then the result will be much satisfying other than contemplating an action which never be done because of fear and greed  Grin
That goes for established coins like bitcoin where you really can't go wrong unless you're fooliah enough to panic sell. Some of us deal woth altcoins and day trading and its a bit more diffocult here to know when the perfect timing to sell would be. I ve lost multiple times because of being anxious about dumps

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November 12, 2017, 10:04:11 AM
 #402

I decide selling bitcoin depends on:
my needs
bitcoin price is high i can get good profits.
The thing is I myself do not think of selling of bitcoin as some good idea. The way bitcoin market’s price is increasing with each passing day is a proof of this thing that holding can help you in making more money. In case of need, I only sell my bitcoins at the time when I am having some good amount of profit in return. I do not go for panic selling as it will only result in huge loss.
Agreed, in my opinion long term investment makes better opportunity in profits and actually its pretty simple that you should always had an exit plan before you getting into the market, getting in is easy but getting out isn't as simple as you think and we can't never predicts a high or low of a currency but as long as we stick to our trading plan and executed it without doubts then the result will be much satisfying other than contemplating an action which never be done because of fear and greed  Grin

Actually, for me the entry point is as importsnt as the exit if not more important. As long as you get in at the right time, profit would be easier to predict. 10-20% would be a big prize already for me

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November 16, 2017, 06:55:37 AM
 #403

I decide selling bitcoin depends on:
my needs
bitcoin price is high i can get good profits.
The thing is I myself do not think of selling of bitcoin as some good idea. The way bitcoin market’s price is increasing with each passing day is a proof of this thing that holding can help you in making more money. In case of need, I only sell my bitcoins at the time when I am having some good amount of profit in return. I do not go for panic selling as it will only result in huge loss.
Agreed, in my opinion long term investment makes better opportunity in profits and actually its pretty simple that you should always had an exit plan before you getting into the market, getting in is easy but getting out isn't as simple as you think and we can't never predicts a high or low of a currency but as long as we stick to our trading plan and executed it without doubts then the result will be much satisfying other than contemplating an action which never be done because of fear and greed  Grin

Actually, for me the entry point is as importsnt as the exit if not more important. As long as you get in at the right time, profit would be easier to predict. 10-20% would be a big prize already for me
There are two times of selling of the Btcs .one is regarded as the panic selling and this occurs at the time when the prices are very low. So most of the holders of the cryptocurrencies that do not have firm belief in this coin try to sell it at what price is available at time as they feel it to be safer for getting back their investments.

On the other hand, some needy people also sell it at the price greater than the market value when there is he pumping phase because they find it as a method of earning profits.

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November 17, 2017, 11:05:50 AM
 #404

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.
Thinking will not work. How do you know that the value of bitcoin is going to fall when you are not a soothsayer or a future seeing god. We can only speculate and assume but does that affect bitcoin from swinging where it wants. I made some prediction lately to sell at $7200, hoping there would be a little bit of correction below $6900 and then it seems I am really wrong. That is just how it is, sometimes even after analysis, anything can happen to change the drift.


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November 17, 2017, 03:12:59 PM
 #405

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.
Thinking will not work. How do you know that the value of bitcoin is going to fall when you are not a soothsayer or a future seeing god. We can only speculate and assume but does that affect bitcoin from swinging where it wants. I made some prediction lately to sell at $7200, hoping there would be a little bit of correction below $6900 and then it seems I am really wrong. That is just how it is, sometimes even after analysis, anything can happen to change the drift.
having some list for what price are you going to sell i may suggest is some helpful thing to do but for making some speculation for my suggestion and opinion only i may not know if this can work right.

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November 19, 2017, 07:45:02 PM
 #406

The more I learn technical analysis, the better I am at picking the optimal entry and exit points. It's an invaluable skill that every aspiring trader should be putting most of their time into.

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November 20, 2017, 01:40:30 PM
 #407

I decide selling bitcoin depends on:
my needs
bitcoin price is high i can get good profits.
The thing is I myself do not think of selling of bitcoin as some good idea. The way bitcoin market’s price is increasing with each passing day is a proof of this thing that holding can help you in making more money. In case of need, I only sell my bitcoins at the time when I am having some good amount of profit in return. I do not go for panic selling as it will only result in huge loss.


Selling bitcoin depends in the necessity of the owner and of course the price of its exchange. The higher the price the best time to sell bitcoin because the more people also want to buy it. Just be careful of your wallet so that no one can access your hard earned bitcoins while your holding it.
Exactly! The most important thing which makes a major role in taking this decision is none other than the circumstances through which the person is going through. There comes certain occasions in your life when you are left with no other option that that of selling of bitcoin. There is no point of selling your bitcoins unnecessarily. Try not to sell them until you are left with no other option.

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November 20, 2017, 01:59:46 PM
 #408

sometimes i loook for the ticker... when there is price pump.. and it reaches the resistance... that's the time i sell

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November 20, 2017, 10:15:16 PM
 #409

I decide selling bitcoin depends on:
my needs
bitcoin price is high i can get good profits.
The thing is I myself do not think of selling of bitcoin as some good idea. The way bitcoin market’s price is increasing with each passing day is a proof of this thing that holding can help you in making more money. In case of need, I only sell my bitcoins at the time when I am having some good amount of profit in return. I do not go for panic selling as it will only result in huge loss.


Selling bitcoin depends in the necessity of the owner and of course the price of its exchange. The higher the price the best time to sell bitcoin because the more people also want to buy it. Just be careful of your wallet so that no one can access your hard earned bitcoins while your holding it.
Exactly! The most important thing which makes a major role in taking this decision is none other than the circumstances through which the person is going through. There comes certain occasions in your life when you are left with no other option that that of selling of bitcoin. There is no point of selling your bitcoins unnecessarily. Try not to sell them until you are left with no other option.
some are make excitement by them self just because they are amazed for bitcoin on how does they can earn in bitcoin but they dont even know that have to fall in a way that they can make any decision when to sell and they dont even think that they sell their coin for the time that it is not needed so you must have the attitude of thinking for what will be the best of your bitcoin for you to earn more profit.

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November 21, 2017, 03:15:25 AM
 #410

I have my own strategy to take decision when to sell bitcoin. First thing I use to do is fix the target and wait for that time and once I reached the target I use to book my profit and again start to fix a new target.

One more thing some time I use to do if I have surplus money in had I will not book the profit and use to continue for the next task.

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November 21, 2017, 03:16:49 AM
 #411

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?

Usually, I look at the opportunity, after being patient waiting for a good trade, I need to analyze whether bitcoin’s value has reched it’s maximum for that period of time, then I’d most likely to sell. It is like setting up a standard that tells me if I could already sell.

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November 21, 2017, 04:01:48 AM
 #412

whenever you are holding any coin, you must have a target you are aiming to hit, once you hit the target then you have the perfect time to sell

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November 21, 2017, 04:03:38 AM
 #413

Put for yourself a goal target. Sell it when it's reached the goal. Don't be greedy , it will kill you.
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November 22, 2017, 03:33:05 AM
 #414

it depends on me what time to sell because i sell it when the price is high and i think it would be  risky if i didnt sell in high price because its tired to wait then the price would go low again.

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November 22, 2017, 06:08:55 AM
 #415

The more I learn technical analysis, the better I am at picking the optimal entry and exit points. It's an invaluable skill that every aspiring trader should be putting most of their time into.
Yeaa just do more research and you will find a good buy position and sell position.
There is no specific situation make you have to buy/sell , as the market keep moving and not at the same pattern.
Just keep learning all day long until you feel have found a chemistry , i mean a real guts that leading to a perfect prediction.
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November 22, 2017, 09:41:31 AM
 #416

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?

Whenever the prive is right especially today I have sell some of my bitcoins because the value today are very impressive it is more or less $8000 in the market so I sell some of my bitcoins not all of them because I know that it will still pump more especially this coming days because of a lots of demands from it. I sell my bitcoins because I needed the money I will never sell them if I do not need that much money because that is my investment for my future purposes but I really need the money so i really need to sell.

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November 22, 2017, 09:52:11 AM
 #417

you need to setup a price now which satisfied by youselv and enough to fulfill all your expectation, you are still so young and there are many beautiful things waitting for you. Don't spend too much time to think about a materials dream. As there are many rich guy in the world who does love money anymore. Tongue Tongue Tongue

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November 22, 2017, 10:26:20 AM
 #418

Put for yourself a goal target. Sell it when it's reached the goal. Don't be greedy , it will kill you.
Thats true, you have to know first your target amount to sell and when you reach that amount follow your plan. As simple as that but sometimes we are greedy and let the opportunity passed by hoping for the more income that can accumulate. Thats my problem but i learned to be contented and my experiences teach me to set aside the emotion.
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November 22, 2017, 10:27:01 AM
 #419

Personally I don't take risks, I sell 50%, then 30% and I keep 20% a bit longer. I can lose some profits but it's safe Cheesy

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November 22, 2017, 10:27:48 AM
 #420

Someone post the pic of Morpheus saying "When its time to sell Bitcoin, you wont have to"

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