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Author Topic: When to sell Bitcoin?  (Read 4380 times)
Jaroslaw
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June 07, 2013, 07:47:06 AM
 #21

its now or never
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January 02, 2018, 12:22:02 AM
 #22

In my opinion, there is no good time to sell bitcoins or any other alt-coins.
Anyone investing in bitcoins needs to have a basic knowledge of “Buy the dips, then sell high”. As long as you are buying or generating bitcoins you need to constantly study the Crypto currency Market Capitalization charts. Once the graph shows a high, price reaching maximum and stays stable for a few days, you have the liberty to sell it. It also depends on your current necessity and need. If its extremely urgent for you, then anytime is the best time. However, if you are following the general rule of making profit out of it, sell only when the prices are above your capital or amount you have invested in bitcoins.
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January 03, 2018, 07:36:22 PM
 #23

The best time to sell your Bitcoin's is when you find the right price.Here the right price reffered to as the price at which you will earn tremendous profits if you sell your BTC's.You can also sell your BTC's when you are in the need of money.I will suggest you to keep holding your BTC's as long as you can because it has a very bright and positive future so it will reach new heights in coming future .So if you want to earn huge profits then you should  not sell your BTC's until you are in the actual need of them.


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January 03, 2018, 08:04:12 PM
 #24

This us what I do, I buy 20% of my income every month in btc no matter the price, then I spend 10% of it every time I need something and pay using btc directly and save the remaining 10%. This way I support the btc to spend it when and where ever I can and also hodl 10% as long term investment.
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January 03, 2018, 09:02:26 PM
 #25

It all depends on your set target of profit that you want to earn from your investment so it doesn't matter whether it at $20,000 or $200,000.
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January 03, 2018, 09:26:34 PM
 #26

The best time to sell your Bitcoin's is when you find the right price.Here the right price reffered to as the price at which you will earn tremendous profits if you sell your BTC's.You can also sell your BTC's when you are in the need of money.I will suggest you to keep holding your BTC's as long as you can because it has a very bright and positive future so it will reach new heights in coming future .So if you want to earn huge profits then you should  not sell your BTC's until you are in the actual need of them.
this is very old topic why you bump it.
if you have hold bitcoins from 2013 it is best time to sell half of them and hold more alt
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January 03, 2018, 09:31:02 PM
 #27

The problem I see is people don't use bitcoin as an exchange for goods. We need to look at it as a currency not an investment. Though, you can sell it anytime.
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January 03, 2018, 09:39:24 PM
 #28

Yes I am one of those people who are dilemmas with this situation, I still hoard bitcoin and will not sell it all with one sale. I see now that bitcoin prices are rising again. I guess I have to be patient if I want to sell it again, because there is speculation that bitcoin prices will still increase again in 2018. So I guess it would not hurt to sell at a high price and stay patient waiting for a beautiful moment. Grin

posoa
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January 03, 2018, 09:51:25 PM
 #29

In my opinion, there is no good time to sell bitcoins or any other alt-coins.
Anyone investing in bitcoins needs to have a basic knowledge of “Buy the dips, then sell high”. As long as you are buying or generating bitcoins you need to constantly study the Crypto currency Market Capitalization charts. Once the graph shows a high, price reaching maximum and stays stable for a few days, you have the liberty to sell it. It also depends on your current necessity and need. If its extremely urgent for you, then anytime is the best time. However, if you are following the general rule of making profit out of it, sell only when the prices are above your capital or amount you have invested in bitcoins.

I totally agree with you that when to sell bitcoin actually is when the price have reach a price that is high and then you can sell and make a fortune out of it and can as well reinvest in altcoin or other crtptocurrencies which can also go a long way to make profit  as well.Taking advantage of stable high price can be of benefit after having consider the gain after having hold for all this while, this will be the best time to sell Bitcoin.
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January 03, 2018, 10:05:56 PM
 #30

Op, the summary of your post that you used as the subject said it all and that was the reason why the well respected moderator has to move it to speculation section.
When you talk of when to sell it now depend on the target of take profit which you set for yourself. At the moment am more bitcoin and some good altcoins with the hope that there will be good return in the nearest future.

PM for rent
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January 03, 2018, 10:09:40 PM
 #31

I wouldnt sell my bitcoins right now. I think the value of bitcoin will rise a lot in the next year. Today you cant see what will happen in the future. So you have to watch all day the pirce chart of bitcoin, and when its starts to dump more then ussually then you maybe should sell!
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January 03, 2018, 10:13:14 PM
 #32

I regret that I didn't sold when it's around $19,000 and lately I have to sell some during it's price at $13,000 and now that it's price is on $15,000 again. There's no turning back and I have decided to sell as there's some activities that I need to fill some cash on it. I have belief that when it comes to profit, it is profit no matter how much the price of bitcoin is although it's painful and quite regretting to sell on lower price.

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January 03, 2018, 10:30:45 PM
 #33

I sold 75 btc last year for some home improvement when it was at 550 usd, and was planning to by again in couple of months when I got my money back from some other place again as it was locked for 6 months. That was a huge mistake as I know it will rise but didn't know that it was going to rise this fast.
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January 03, 2018, 11:11:30 PM
 #34

I may be more careful when making bitcoin sales transactions, and if it isn't urgent then it would be better to always hold it and make it an investment, as bitcoin progress will continue to grow and grow along with the growth of users and investors in bitcoin.and of course by holding bitcoin have a chance to be able to earn profits according to expectations.

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January 04, 2018, 12:06:40 AM
 #35

I am certain that Bitcoin's value will continue to rise and rise. My fear, though, is that I may never want to sell. If it gets up to $10,000, that would be great but would I want to sell? Would I be holding on for $20,000, $200,000 or even $2,000,000? At what point would I say enough is enough and start cashing in or using? I have no idea. I haven't faced this yet.

But I know there are people on these forums that are facing this dilemma right now. I'm sure there are people who have acquired tens of thousands of bitcoins either by mining or buying when they were very cheap. At the current valuation, these people are already multi-millionaires. But how are they dealing with it? Are they still hoarding waiting for the price to go up even more or are they living the good life now? Any regrets?
If you have certain goals and imagine yourself with that kind of money and you think your satisfied to that you should discipline yourself that if you hit that profit you will sell it and no regrets to be allowed.
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January 05, 2018, 06:35:22 PM
 #36

Everyone has his own price for everything and for selling bitcoin, whoever feels that he has to sell now because the price will fall on him and who is just panicking seeing a decline so there is no definite price framework for selling it
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January 05, 2018, 07:19:01 PM
 #37

sigh...  Sad
You don't wanna sell your coins, you wanna SPEND them.
If everyone considers BTC as an investment vehicule, do you really think it will last ?

Please, whenever you consider spending $, check for an equivalent good/service you can pay with bitcoins.
Just spend the BTC instead of the $, you'll cut the fees and help BTC grow stronger.
there are so many different different reason why people sell their bitcoin .I also have so many reason to sell the bitcoin. The first reason is when the price of bitcoin reaches maximum I sell my bitcoin because to gain the more profit from the bitcoin and earn more money. The second is when I need a urgent money I sell my bitcoin to complete my problem. The third is when the price of bitcoin will fall I also sell my bitcoin .

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January 06, 2018, 12:37:22 AM
 #38

Selling of bitcoin is purely on users self requirement. There are users who make a target to be reached and used to sell when the price reaches particular value. Some used to sell out of panic while the price falls down continuously. So, there is no fixed selling point with bitcoin.

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May 02, 2018, 11:56:43 PM
 #39

In my own opinion selling Bitcoin depends on the person. You may sell it when it reaches your target price to avoid loss by selling it at lower price because it is extremely difficult to earn bitcoin in the present day.
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May 03, 2018, 12:26:59 AM
 #40

I think as technology grows there will be a shift in the way we use and perceive money/currency in general. "They" (all of mankind) used to exchange goods with things like salt and precious metals. Now for the most part they use fiat, which requires physical transmission, storage, printing, and centralized entities such as the federal reserve to remain in circulation. Eventually, it makes sense that cryptocurrency is the most logical step in this natural progression. It's still very early, BTC is not even 9% as old as the Federal Reserve, and the dollar is still very strong. In addition to this, POS systems and payroll/tax situations are years behind. Bitcoin will most likely end up being a primary currency, but until then it should remain a strong alternative investment, due to the simple fact that there are trillions of dollars worth of wealth in the fiat system that will eventually move elsewhere.
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