How to know when to sell?

[rodskee]

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.

working in trading need to monitor the movement of the chart waving because nobody can predict the price, in trading investing strategy sell your investment at high value 10 to 15 percent increase in your investment are enough to sell but depend on your feelings if you think continue to increase the price so hold it.

[HiringYou]

When the selling price is lesser than the price at which you bought your BTC's then it is the worst time to sell because you will surely face a loss so keep holding until the price get doubled or even more.The best time to sell can be when the price has reached it's all time high value.But according to me you should keep holding your BTC's until you are in the actual need of them because Bitcoin has a bright and positive future so it will rise more in future.So keep holding to get best out of your investments.

[zergenyt09]

Buy low and sell high, I think the incremental value should be in the bracket of 20-30% up, Then that's the time to dump the coin. The Key is to be patient always:)

Indeed, the principle is that you should always set some target for yourself. If you don’t have any target, you can direct your energy in a particular direction. You cannot work hard for a particular goal.

As you have said, 20% to 30% is a big increment on your investment and if you achieve this with your coin, this is the indication for selling off some portion of your coin to enjoy your profit. If the coin is bitcoin, never ever sell the complete lot.

[bribed]

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 always go by doing the opposit the mainstream media suggests. If Television and mainstream articles talk about bitcoin crashing, I buy, if they are quite and not talking about price rising of Bitcoin, its likely that a correction is happening and selling pays off. Thats just my personal experience though.

[darkywis]

You should put a stop-limit when you what to sell/buy a coin you want. No one knows if how much pump/dump you can get because in cryptocurrency market its unpredictable.

[Ronaldcoin2017]

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 always go by doing the opposit the mainstream media suggests. If Television and mainstream articles talk about bitcoin crashing, I buy, if they are quite and not talking about price rising of Bitcoin, its likely that a correction is happening and selling pays off. Thats just my personal experience though.

Selling is only depend on the decission of the bitcoin owner if he or she think that the present price is enoughf for them.to gain big amount maybe we can never really wait for a long time in order to gain profit only.When we can gain right now at this point of time.I believe  that all of us here is really looking for profit and it the profit will occur earlier than what we expected i think we can sell it right away.

[Sasuke102001]

It is actually not possible to know when will the price be the highest to sell that is what makes trading bitcoins interesting to some people. I would say it differs from people to people because just imagine you bought bitcoins at a certain value and now the prices have increased in value from before so selling them would be profitable. So it totally depends upon you and your luck, I think it that way.

[LyQaN]

best time to buy anything is when price is low,best time to sell when market is bullish ,current price of bitcoin is going to touch 10,000$ so people who bought or invest at it when price was around 5000$ its a kind best for them because they are earning double profits.so sell when you feel that you are earning a good profit and you are being satisfied ,maybe you sell them at 10,000$ and price could further increase so exactly saying at price is going to drop or rise is difficult.

[swaptaker]

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 always go by doing the opposit the mainstream media suggests. If Television and mainstream articles talk about bitcoin crashing, I buy, if they are quite and not talking about price rising of Bitcoin, its likely that a correction is happening and selling pays off. Thats just my personal experience though.

Selling is only depend on the decission of the bitcoin owner if he or she think that the present price is enoughf for them.to gain big amount maybe we can never really wait for a long time in order to gain profit only.When we can gain right now at this point of time.I believe  that all of us here is really looking for profit and it the profit will occur earlier than what we expected i think we can sell it right away.

I fixed myself a strategey. Here is the deal, sell bitcoin during market pumps with changing levels. And buy it in market dumps with changing levels. This is somehow safer than continuous day trades.

[Ailmand]

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 it would actually depend on what coin you're selling and the price value you got it for. To know when it's best to hold or get rid of it is depending on the profit you're getting when you would dispose it. It would also depend on how much would be acceptable for your own meter of the profit you want to get. Some people are satisfied with getting at least 20-50% of what they got it for, while others want some more.

[xebecstyx]

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.

That's right, it's so hard to predict. It's a double-edged sword. In its own right, it's a curse and a blessing at the same time. Therefore, the "best" time to sell is actually dependent with not just the market, but with you're own goal of profit you're foreseeing. It would also depend on the how much you got your coin for, if you feel that a specific price point would give you a substantial enough return. Then, by all means, it would be the best time. But, if you feel that you want to add more bucks to your earnings, then hold it; however, you should also be ready to lose some because crypto values may fall at any time.

[Ranly123]

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.

The best way is to always monitor the price of bitcoin. If you want short term investing then trade when the price of bitcoin is high and invest when the price is low. In other cases i would advice to hold your bitcoin as much as posible since there is a prediction that it would rise up to $40k so wait until then. Though it is too risky but it is worth the wait.

[Hopeful2017]

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.

You must be updated from time to time. If the crypto value goes down, you must not sell it instead buysome. If it goes up,mthen sell some. Try not to trade everything.m

[stryker]

THE BASIC RULE OF TRADING IS BUY LOW AND SELL AT A HIGH PRICE, YOUR HIGH MAYBE DIFFERENT FROM MINE BUT AS AN EXPERT YOU WILL KNOW WHEN A BULLISH RUN WOULD RETRACE.

What? If you will sell at a top, how can you know where the course will go next? The same things with a low-buying, how can you find that instrument will go up and not down? I suppose you are spreading some disinformation.

[goaldigger]

Nobody knows either. The least you can do is to study the data on the chart and predict whatever the outcome is. My advice right now is to hold. The price of the bitcoin is going up.

[angaper]

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 find it surprising that even recognizing your lack of knowledge and preparation in trading, you have decided to start in this risky business. The bad results you're getting are the result of your lack of knowledge and experience, but I think that's the best way you can find out if this business is for you or not.

In addition, I also had to discover from my own experience that the best system for learning the basics of trading is the method of trial and error.

[althedge]

Technical analysis signals can help with market timings but because markets are generally appreciating and quickly it's hard to beat a hodl strategy unless you are really confident in your abilities and knowledge of the markets.

[illyiller]

Technical analysis signals can help with market timings but because markets are generally appreciating and quickly it's hard to beat a hodl strategy unless you are really confident in your abilities and knowledge of the markets.

I generally agree. However, there are some technical signs to look for. After a trading range/consolidation is broken to the upside in a larger rally, my intention is usually to hold until I see very high "blow off" volume. Once you see significant volume exchanged (ideally higher than previous local tops), the thinking is that most shorts have been margin called, and everyone who wants to buy has already bought.

Accordingly, the next step is the formation of a "blow off top" which is characterized by a decline of 50% or more in price from the top.

[nasibakar]

I put a certain target/goal to my portofolio,
dont be too greedy.

I am not a best trader so just flow

[blockman]

Basic principle on when to sell is when you have enough profit. It doesn't matter if you gain small or big but that's the basic principle when to decide about selling. Don't be too greedy enough when you are about to sell but also it's better if you are updated on what's on the current trend, news and analysis from the trading experts or those people who are well known that has been well off to this type of deal.