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Author Topic: How to know when to sell?  (Read 1999 times)
whalez
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November 13, 2017, 04:45:38 PM
 #1

Can i anybody put me through the basics of knowing when to sell and when to hold?...
I actually don't know much about market rise in demand and supply and it's affecting me in daily trade of cryptocurrency.
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November 13, 2017, 04:55:04 PM
 #2

That's what actually makes trading very interesting and profitable for some people. No one knows with 100% guarantee exactly when BTC's price will rise or crash. You make profit by thinking about the price possibilities and reducing your risks.

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November 13, 2017, 05:02:34 PM
 #3

Know the latest news about the coin you want to trade.
Most pumps and dumps are caused by events that are either positive or negative for the coin.
Examples of events that cause changes in price: Exchange shutting down, countries banning ICO, meeting announcements.
Then you need to predict what effect it will have on the price.

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November 13, 2017, 05:44:21 PM
 #4

If you are talking about the cryptocurrency market then it is hard to predict the market so you cannot accurately know when to sell and when to hold. This is not like the stock market that some traders based on candle sticks or should i say technical analysis. Bitcoin is different it is very volatile, more volatile than the stock market. What i mean by this is that you cannot just simply rely on the news, if there  is going to be bad news then price will fall just like in the stocks. What i can suggest is to just put a target price, say if bitcoin falls to X amount you will be buying and if it gets to this amount you will be selling otherwise you will just hold. You'll be making more profit by doing that. Patience gets rewarded my friend.

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November 13, 2017, 05:46:04 PM
 #5

actually it's easy if you know the details about the price of the coin, you can predict from the details when he will go down and when he will go up so you can reduce the risk.
as the word warren buffen risks come when you do not know what you are doing.

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November 13, 2017, 06:55:40 PM
 #6

Can i anybody put me through the basics of knowing when to sell and when to hold?...
I actually don't know much about market rise in demand and supply and it's affecting me in daily trade of cryptocurrency.

I think this is the reason why it is really hard to trade crypto currencies, predicting how will the price move through the year. I think if you are active to some sites or this kind of forum, it will give you some tip to continue holding it or time to give it in. But to be sure, buy bitcoin now and hold it for a long time, well, it gave some profit to some.



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November 13, 2017, 07:03:31 PM
 #7

Can i anybody put me through the basics of knowing when to sell and when to hold?...
I actually don't know much about market rise in demand and supply and it's affecting me in daily trade of cryptocurrency.

That is the challenge here - you must make some analyzation so that you can create a plan on what will be your next move. To target profit, work for it seriously rather than just wait for people advices. You can take different speculations, news, price movement as references.

Different traders have different way on when will they sold their coins. The obvious goal here is, you must make profit. There is no such thing as someone can predict accurately what will happened you really need to step on your own for making decisions and take my mentioned things above as references in creating your own analyzations.

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November 13, 2017, 07:11:38 PM
 #8

Hello, i think everyone is different.
Depending on how patient you are and how risk adverse you are, you should choose a time frame and trading strategy that suits you.
Of course, you should also consider your own risk limit when it comes to the size of trading.
Good luck!

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November 14, 2017, 09:51:42 AM
 #9

That's what actually makes trading very interesting and profitable for some people. No one knows with 100% guarantee exactly when BTC's price will rise or crash. You make profit by thinking about the price possibilities and reducing your risks.

That's one of my major problem. Thinking out the outcome 😢
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November 14, 2017, 10:07:32 AM
 #10

Can i anybody put me through the basics of knowing when to sell and when to hold?...
I actually don't know much about market rise in demand and supply and it's affecting me in daily trade of cryptocurrency.

Basic of knowing when to sell is when the coin you are holding increased up to 20% for just a short amount of time. And it's time to hold when that coin of yours is dropping. Don't panic when the coin you hold is dropping and just stay away from the charts and don't ever check the price of that coin. Do read all the time updates on different news cryptocurrency websites on what's happening in the market because it plays a big factor to the crypto market.

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November 14, 2017, 10:18:18 AM
 #11

Know the latest news about the coin you want to trade.
Most pumps and dumps are caused by events that are either positive or negative for the coin.
Examples of events that cause changes in price: Exchange shutting down, countries banning ICO, meeting announcements.
Then you need to predict what effect it will have on the price.

I guess I'll have try out this information based prediction to sell if it will work.
Thanks for your time sir.
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November 14, 2017, 10:29:50 AM
 #12

If you are talking about the cryptocurrency market then it is hard to predict the market so you cannot accurately know when to sell and when to hold. This is not like the stock market that some traders based on candle sticks or should i say technical analysis. Bitcoin is different it is very volatile, more volatile than the stock market. What i mean by this is that you cannot just simply rely on the news, if there  is going to be bad news then price will fall just like in the stocks. What i can suggest is to just put a target price, say if bitcoin falls to X amount you will be buying and if it gets to this amount you will be selling otherwise you will just hold. You'll be making more profit by doing that. Patience gets rewarded my friend.

Patience is actually my problem. I'm too patient when it comes to holding.
It's like am actually hoarding the coin 😑.
I guess I'll have to try out your target price tactics and see if it works for me.
Thanks for your time sir.
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November 14, 2017, 10:36:42 AM
 #13

actually it's easy if you know the details about the price of the coin, you can predict from the details when he will go down and when he will go up so you can reduce the risk.
as the word warren buffen risks come when you do not know what you are doing.

Well i actually try and keep up with updates and latest informations of both the coins i possess and the one's i don't.
But my major problem is using that information in knowing when to sell and when to hold.
Coz my major problem is holding even when the details are telling me to sell off.
I guess I'll have to start acting on informations like you said maybe that might help. Thanks
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November 14, 2017, 10:42:45 AM
 #14

Can i anybody put me through the basics of knowing when to sell and when to hold?...
I actually don't know much about market rise in demand and supply and it's affecting me in daily trade of cryptocurrency.

I think this is the reason why it is really hard to trade crypto currencies, predicting how will the price move through the year. I think if you are active to some sites or this kind of forum, it will give you some tip to continue holding it or time to give it in. But to be sure, buy bitcoin now and hold it for a long time, well, it gave some profit to some.

I guess that's also a nice idea. I'll try to be more active on forums and sites where i can get information on trading. And I'll definitely take your advice in buying bitcoin and holding for the long haul. Coz i thinking its going to go a tad bit higher too.
Thanks for taking the time to give this advice.
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November 14, 2017, 10:51:07 AM
 #15

Can i anybody put me through the basics of knowing when to sell and when to hold?...
I actually don't know much about market rise in demand and supply and it's affecting me in daily trade of cryptocurrency.

That is the challenge here - you must make some analyzation so that you can create a plan on what will be your next move. To target profit, work for it seriously rather than just wait for people advices. You can take different speculations, news, price movement as references.

Different traders have different way on when will they sold their coins. The obvious goal here is, you must make profit. There is no such thing as someone can predict accurately what will happened you really need to step on your own for making decisions and take my mentioned things above as references in creating your own analyzations.

Wow.  I like the way you gave me this candid advice and the way you are frank about it.
I guess stepping up my game in making decisions will go a long way to help in becoming a better trader. I'll start analyzing data and information myself and see if i can get maximum outcome from it.
Thanks once again for the candid advice.
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November 14, 2017, 11:01:41 AM
 #16

Hello, i think everyone is different.
Depending on how patient you are and how risk adverse you are, you should choose a time frame and trading strategy that suits you.
Of course, you should also consider your own risk limit when it comes to the size of trading.
Good luck!

Well if it's depending on how patient i am then i must say I'm too patient. I tend to be slow acting on information. What i intend on trying out now is taking a little bit of risk at times and see if it will work for me.
I'll try to put your advice on considering my risk limit to use and take it one step at a time. Thanks
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November 14, 2017, 11:08:58 AM
 #17

If you are talking about the cryptocurrency market then it is hard to predict the market so you cannot accurately know when to sell and when to hold. This is not like the stock market that some traders based on candle sticks or should i say technical analysis. Bitcoin is different it is very volatile, more volatile than the stock market. What i mean by this is that you cannot just simply rely on the news, if there  is going to be bad news then price will fall just like in the stocks. What i can suggest is to just put a target price, say if bitcoin falls to X amount you will be buying and if it gets to this amount you will be selling otherwise you will just hold. You'll be making more profit by doing that. Patience gets rewarded my friend.

Patience is actually my problem. I'm too patient when it comes to holding.
It's like am actually hoarding the coin 😑.
I guess I'll have to try out your target price tactics and see if it works for me.
Thanks for your time sir.

It's not bad to hold, to hoard on your coins. Coz basically the concept is you buy low, hold onto it for some time until you feel you profited a bit then sell. Profit comes on how you play. you may experience losses sometimes but its natural, bitcoin is too volatile. I've experienced losses too.

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November 14, 2017, 11:09:58 AM
 #18

Can i anybody put me through the basics of knowing when to sell and when to hold?...
I actually don't know much about market rise in demand and supply and it's affecting me in daily trade of cryptocurrency.
When to sell? In my own i will advice you to sell if you willl see a big price wall in sell order and hold more or buy more when theres a big buy wall support in a coin. However if you  will be doing a hold make sure that your coin has a good fundamentals and potential in the future like ETH, NEO, ZEC to sum up the top coins that already built a good support.

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November 14, 2017, 11:16:44 AM
 #19

Can i anybody put me through the basics of knowing when to sell and when to hold?...
I actually don't know much about market rise in demand and supply and it's affecting me in daily trade of cryptocurrency.

Basic of knowing when to sell is when the coin you are holding increased up to 20% for just a short amount of time. And it's time to hold when that coin of yours is dropping. Don't panic when the coin you hold is dropping and just stay away from the charts and don't ever check the price of that coin. Do read all the time updates on different news cryptocurrency websites on what's happening in the market because it plays a big factor to the crypto market.

I like this your tactics of 20% increase then sell i guess it's a nice tactics to try out.
But what i can't afford to do is to not check charts and updates when the coin is dropping.
I'm like a dog with a bone when it comes to checking charts and updates about my portfolio.
But i think I'll give it a try and see what comes of it.
Thanks for this simple advice.
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November 14, 2017, 11:18:00 AM
 #20

I think its exp that teaches one when to sell and buy , usually events about a project play major rolls for push.. besides that you may check market cap increasing or decreasing for a particular coin .. in addition news also play a major deciding factor in decision making .. these points help one to take a call on his own

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