TheUltraElite
Legendary
Offline
Activity: 3080
Merit: 1339
Just crossed LEET number of Merits!
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January 03, 2018, 10:44:57 AM |
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For this you have to study both technical and fundamental aspects of trading. And learning is a process. You can not do it overnight. You have to give time for it. Only technical analysis can help you but it's better if you learn both technical and fundamental analysis. By using that knowledge you can know when to sell.
Do you have any real stuff to say or you are simply taking weed and talking nuts? Yes technical analysis is important as many experienced trader would say but this does not always happen in crypto. There is always that little dilemma in people that crypto and bitcoin are actually a bubble and hence whenever there is a drop in price the panic selling starts because they think that this is moment the bubble is going to burst. Basically this thing runs the entire market over and over again.
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Tantlizbat
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January 06, 2018, 07:44:17 AM |
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Safety rules were written with blood. That statement sounds familiar to every soldier around. Although we are not dealing with a risk to human lives, losing your expensive Bitcoins by making mistakes trading is definitely not a fun situation.
So, how we can avoid those mistakes in our trading? How to be mostly on the green side? First, it is important to note that to trade right requires attention and your one hundred percent focus. Secondly, trading is not for everyone.
Tips for trading Altcoins: Most Altcoins lose their value over time. They simply bleed their value away slowly (sometimes rapidly).
Take this into account when holding Alts for the medium and long term, and of course choose them carefully. What kind of Alts are recommended for the long term? Remember, this is only when there is a reason for making a trade.
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dxbcoin
Member
Offline
Activity: 280
Merit: 12
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January 06, 2018, 09:19:42 AM |
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you should have a trading plan, with selling target. when it hits your target, sell it
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Chachacoin17
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January 06, 2018, 09:42:40 AM |
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you should have a trading plan, with selling target. when it hits your target, sell it
Yes i agree on that and i think it should be done during the price is really high enoughf to have a big amount in return of yoir investment i believe that bitcoin id ls really profitable if we have really a patience on waiting because we can really wait for the right time to sell if we really hold with patience.Maybe people arround will really seen that bitcoin to day is really rising that is why today is considerable as a selling time .
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Koro-Sensei
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January 06, 2018, 10:03:16 AM |
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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.
Know your limits, know your satisfaction if you thinks its enough then so be it. Dont let emotions take you always look whats infront of you dont think back if you know youll regret it. Move on and think. Think before you click. By the ways Ripple is blowing out might be a good idea to invest.
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desi92
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January 06, 2018, 10:18:05 AM |
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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.
There is none can tell you when the right time to hold or to sell. All you need to do just predict it and no sure thing. If you can see the depth market in any exchanger, of more buyer than seller, its time to hold but if more seller than buyer so its time to sell. Thats small trick how to predict.
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Clavulanic
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January 06, 2018, 10:29:34 AM |
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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.
There is none can tell you when the right time to hold or to sell. All you need to do just predict it and no sure thing. If you can see the depth market in any exchanger, of more buyer than seller, its time to hold but if more seller than buyer so its time to sell. Thats small trick how to predict. Yes i agree on that only you can decide on what will be the right time for you to sell in order for you to gain a hige profit i believe it ahould be done during the high price status occur in the bitcoin price sometimes we really get panic because of the unstable price of bitcoin but we really have to overcome our fears to avoid loosing i believe that fear is a distruction and it will not really help it will really distruct you.
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EvilKingfisher55
Newbie
Offline
Activity: 61
Merit: 0
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January 06, 2018, 10:31:18 AM |
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Try to sense the community, sometimes you can feel signs that a pump or dump is happening. Also try to read and analyze the market graph of the coin you are selling.
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lumeire
Legendary
Offline
Activity: 1848
Merit: 1009
Next-Gen Trade Racing Metaverse
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January 06, 2018, 10:59:17 AM |
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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.
There is none can tell you when the right time to hold or to sell. It's easy. Set a goal ROI, it may be 100%, or even 5x or 10x. Hold till you get there, then sell once you've reached the goal. The most important thing here is sticking to your goal.
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star19
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January 06, 2018, 11:11:07 AM |
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At first when you buy on that time you note how many rate you buy this coin and after some time later you check current rate and if you see you have a some profit and on that time you can sell those coin.
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JTEN18
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January 06, 2018, 11:12:01 AM |
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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.
There is none can tell you when the right time to hold or to sell. It's easy. Set a goal ROI, it may be 100%, or even 5x or 10x. Hold till you get there, then sell once you've reached the goal. The most important thing here is sticking to your goal. Selling our coins is purely up to us, but just like others were kept saying that we have to sell our coins based on the price we need to make sure to have a profit. When holding a bitcoin, hold as much as you can as much as possible sell it at least 5 years from, if you do that you are just like winning the lottery.
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cepedacharles
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January 06, 2018, 11:16:48 AM |
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Basically you know when to sell when the price dips down, as the rules of trading goes "buy low, sell high". Meaning you buy coins or tokens when the price is low or dumping and sell them when the price increases. It is just as simple as that, but you also have to keep an eye on when it dips and when it increases
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TeamUp
Member
Offline
Activity: 70
Merit: 10
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January 06, 2018, 01:03:38 PM |
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It actually depend in you're self and the strategy you choose. Dont be too greedy set youre goal in minimum, an increase if 5-10% is already good rather than to wait for it reach +30% that you wont even sure if it will reach or not. High Risk, High Return.
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jeraldskie11
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January 06, 2018, 01:08:58 PM |
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We cannot know when to sell because it all depends on you. We can't predict what will happen next so we need to make a decision on your own in selling or holding more in that time.
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Wowcoin
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January 06, 2018, 01:28:51 PM |
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Once you hold coins or bitcoin you know when to sell them once you have profit go and sell them but if you feel that your profit is not enough hold it and wait what is a good price you want to sell it.
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nasipadang
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January 06, 2018, 01:35:15 PM |
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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 also sometimes to read candles are very difficult and prediction is not always true. To sell I usually use percentage, meaning if the price of coin up 10% I better to sell it, for daily trade I do not dare to take risks just to wait when the right time, so as long as I get a profit it does not matter.
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noormcs5
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January 06, 2018, 01:38:50 PM |
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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.
For me, it is simple you know recently i bought some coins of 0.05 and after a week i gain profit from it 0.01 and suddenly i sold all coins. So it is my profit and if i hold my coins for more time and want more profit then sure i do greedy and may be i have lose. So when you see you have a profit from your actual use money then sell the coins, some time our greedy give us lose, then better is sell the coins on a right time, when you see your have profit.
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Celebrity
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January 06, 2018, 01:43:54 PM |
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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.
For me, it is simple you know recently i bought some coins of 0.05 and after a week i gain profit from it 0.01 and suddenly i sold all coins. So it is my profit and if i hold my coins for more time and want more profit then sure i do greedy and may be i have lose. So when you see you have a profit from your actual use money then sell the coins, some time our greedy give us lose, then better is sell the coins on a right time, when you see your have profit. This is showing how one person should not act during altcoin trading. This is also called panic selling. When you do this, whales grab your cheap altcoins and they start pump waves to bring them to the new high prices.
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Aikidoka
Sr. Member
Offline
Activity: 1078
Merit: 342
Sinbad Mixer: Mix Your BTC Quickly
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January 06, 2018, 02:06:10 PM |
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There are several websites that contain experts on cryptocurrencies who can predict the future. They can give you accurate information on the rise and fall of the price. It is quite interesting if you ask me.
But in my humble opinion, you sell when you are one hundred percent sure that you have a good profit to gain. Otherwise, wait for the perfect moment. That is what I would do if I were in your place.
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Maddinson100
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January 08, 2018, 10:23:04 AM |
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Try to sense the community, sometimes you can feel signs that a pump or dump is happening. Also try to read and analyze the market graph of the coin you are selling.
There are many ways of selling off bitcoin at the best possible price and time. As you said, one should stay up to date about what is happening in the market. The graphs provide you major information about the market. Secondly one should set his or her own target with bitcoin and sell it off when the target is achieved. This is the best method of avoiding regrets and missing chances of selling off bitcoin in pumps.
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