Lucacrebbe (OP)
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January 08, 2018, 05:46:21 PM |
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Let's suppose you want to sell a coin that you purchased and now it's on 50 cent and the best bid on the exange you are willing to sell is 0,20 .
How do you generally behave
Do you sell or do you wait for best offers? Do you go on other exanges where there are better bid offers?
Do you sell a small ammount at the best offer and then wait for other best bid to sell to?
For example It' always a pain to see a coin at the market price of 2$ and having to sell it at 1,6009j because greedy people want to buy only at this leve (example) in that moment
How do you beahve usually in these situations? Do you ake distribution selling (selling a small piece time to time for the best offer) or do you sell everything at the best offer just because you want to liquidate everything?
Know it's a stupid question, because it depends of the situation, and how high you consider the coin go, and so on..
just to know ho do you behave in these situations
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DanielRR1997
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January 08, 2018, 06:06:16 PM |
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There is no correct formula to sell, I always analyze in the long run and I like to hold the currency in my portfolio to maximize my profit, even if in certain periods it has a decrease in value. I see the market as a big casino and sometimes you have to risk your luck to make big profits. Good Luck and and use your instinct, sometimes it is better than any opinion or analysis.
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Faruque312
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January 08, 2018, 06:48:24 PM |
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in my opinion i choose i am waiting cause i already lost many $ in trading for short time so now i see everyting so i think long term investment is profitable.
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alphalifter304
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January 08, 2018, 06:56:14 PM |
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wait for the best sell unless you forget to and somehow get lucky with a big jump then go ahead and sell as fast as possible. I used to like going to other exchanges but a lot of them have burned me lately so I have been sticking to old faithful Bittrex
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RedzoneASE
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January 11, 2018, 12:30:46 PM |
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To behave yourself in selling is you need to build tactics. Tactics that can help you organize the key points on selling. But the best attitude you need is to be patient and be open minded this is the best way to control yourself and behave well while selling.
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Mister1k
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January 11, 2018, 12:54:27 PM |
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To behave yourself in selling is you need to build tactics. Tactics that can help you organize the key points on selling. But the best attitude you need is to be patient and be open minded this is the best way to control yourself and behave well while selling.
Tactic in the sense what you are saying bro. In trading every people have the own stretegy in the trading platform so investing on the trading site. If you invest on the cheap altcoins with the high potential you will get the profit more than anything. Whenever we facing the loose in trading still we have to wait for the profit for the next day investment that is how we have to manage in the trading. In this platform low amount investment people will not be able to get the profit. they will loose at anytime.
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ralle14
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January 11, 2018, 01:18:55 PM |
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i don't go to other exchanges I just stick with the one i'm using it'll just be a hassle for me to move while trading and wait for confirmations. I wait for the best offer then sell the coins in one go or take some of the best ones possible if one order isnt enough to cover all of the amount because the prices move very fast.
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BitBite5
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January 11, 2018, 01:25:46 PM |
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I don't think there is some rule how to behave. Everyone knows best for himself and estimates when is the right time to sell under which conditions. If I don't need funds urgent I wait the time when the price is most favorable on my favourite exchanger.
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Yzhel
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January 11, 2018, 04:23:02 PM |
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There is no need to behave ourselves if we want to sell our coins when the price goes up, that is a natural thing, but I prefer just selling at least 30% of it so I can get my capital and can save it in a bank, and wait again for another price increase to cash out again and so on, I am not getting all.
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Ayaancool
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January 11, 2018, 04:44:14 PM |
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In crypto currencies case I always like to do is holding it for a long period , just like an investment asset. At this period of gap definitely create a fair return from my investment that compared to purchased price. Only on that time I will sell it otherwise I will wait for it.
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aoihs00
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January 11, 2018, 04:55:42 PM |
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I think this is really really straight forward question with simple answer. You don’t sell going into loss at any point. Yes people are greedy and they always want to buy things at cheapest possible rates. I think that’s applicable to you and me also , because we also want huge profits out of it and that’s what market is about. ;-)
I don’t and will never trade my coins under emotional circumstances bevusse that’s not the way it should work. I always believe in swing trade where I will at any cost try to sell at higher rates only. If the trade is not working for longer periods then we should wait for the break even point and sell with no profits no loss.
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patt0
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January 11, 2018, 05:15:02 PM |
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It really depends on all the information you have on that particular coin. If I think a massive sell of will happen, and that price is probably a good one, and I will sell it. If in a later time I think it will go up again, I will just buy the dip, and I'm making profit. If I think there is no reason for the price to go down, and it's the market doing it's normal cycles, then I will just hold it. For instance, bitcoin price is dropping a lot these days, and I sold a few at $14k, I am now waiting for an opportunity to buy them back again.
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ghostunicorn
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January 11, 2018, 05:20:05 PM |
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It really depends on all the information you have on that particular coin. If I think a massive sell of will happen, and that price is probably a good one, and I will sell it. If in a later time I think it will go up again, I will just buy the dip, and I'm making profit. If I think there is no reason for the price to go down, and it's the market doing it's normal cycles, then I will just hold it. For instance, bitcoin price is dropping a lot these days, and I sold a few at $14k, I am now waiting for an opportunity to buy them back again.
This is a good technique but it's hard to do this all the time. For instance, when you sold them at $14k, the price could have gone to $17k and you would have a big loss instead of a profit.
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Kunlejoe0
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January 11, 2018, 05:21:25 PM |
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For every single action you take in the cause of trading and investing in cryptocurrency, you need a plan. Whether written or mental accent! It will be late for you to start think about what to do at the point of selling.
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Hui8
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January 11, 2018, 05:43:59 PM |
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In your stated situation I will hold the coin if it is the popular one and has the potential to grow in the future even if I hold it as it is. I wouldn't sell such coin if I'm not getting good deal from the people around the internet. I will let the coin grow on its own first and then see though the market again to achieve good price per coin. I think it would be hard for myself to buy coin at 0.50 and then sell it at all the way down 0.20 cents. Thats just not digestible because that would be planned loss. Apart from this you should always make the entry point into the coin in such way that you buy it at lowest possible price. For example, it could be early bid investment in the ICO start up. Then you can make any kind of trade you want if the coin is hit the exchanger and having prices more than the early investor bonus.
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webtricks
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January 11, 2018, 05:53:10 PM |
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Let's suppose you want to sell a coin that you purchased and now it's on 50 cent and the best bid on the exange you are willing to sell is 0,20 .
How do you generally behave
Do you sell or do you wait for best offers? Do you go on other exanges where there are better bid offers?
Do you sell a small ammount at the best offer and then wait for other best bid to sell to?
For example It' always a pain to see a coin at the market price of 2$ and having to sell it at 1,6009j because greedy people want to buy only at this leve (example) in that moment
How do you beahve usually in these situations? Do you ake distribution selling (selling a small piece time to time for the best offer) or do you sell everything at the best offer just because you want to liquidate everything?
Your question has several parts. I will answer one by one. You said Market price shows $2 and best bid is $1.6. The market price is an average of last prices at which trade happened on all the exchange so it is always bad to sell off your coin at bid price which is 20% less than the price of last trade. So you should rather create sell order above $1.6 Now coming to inter-exchange price difference. You said one exchange has price of $0.2 whereas other has $0.5. In reality such situation hardly happens. The difference of 250% could only be possible in the case of deposit/withdrawal problem or wallet maintenance. Or if anything like this happens in normal condition, everyone will run to other exchanges. There is nothing like "Willing Exchange" if it is giving you 60% less from other exchange.
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harizen
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January 11, 2018, 06:14:22 PM |
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Let's suppose you want to sell a coin that you purchased and now it's on 50 cent and the best bid on the exange you are willing to sell is 0,20 .
How do you generally behave
Do you sell or do you wait for best offers? Do you go on other exanges where there are better bid offers?
Do you sell a small ammount at the best offer and then wait for other best bid to sell to?
It depends on the coin. If I see that coin can considered as good for long term holding then I will risks for holding. Aside from that, I need to study that coin e.g checking their daily volume, checking their ANN thread if any, checking their official hideout, and lastly, speculation. Since I got it for cheap, then I will play gamble here. But honestly, we have a thing called "instinct" so it really varies per trader on how they will deal on that. How do you beahve usually in these situations? Do you ake distribution selling (selling a small piece time to time for the best offer) or do you sell everything at the best offer just because you want to liquidate everything?
Know it's a stupid question, because it depends of the situation, and how high you consider the coin go, and so on..
just to know ho do you behave in these situations
You know just build trading experience. On the way, there are chances that you may lose and regret what actions you did. As soon as you progress, you will automatically adapt on how to deal with that kind of situation without any "specific" way on how to behave.
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hitrawal91
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January 11, 2018, 06:24:22 PM |
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Being a Technical Analyst always plan each and everything before you take the trade and after taking the entry you just need to behave what your trade plan says and not what your mind says to you, this is how professional trading works.
Even Myself before taking the trade I make a trading plan and make a note of each and everything and afterwards I don't make any changes in that plan while the trade is running which is all because of my change in emotions and that's why i don't allow my emotions to ruin my hard earned money. Remember one saying of those professional trader's " Trades are plan before the market opens and executed during the market hours" and i follow this rules religiously.
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Jating
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January 11, 2018, 07:31:23 PM |
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i don't go to other exchanges I just stick with the one i'm using it'll just be a hassle for me to move while trading and wait for confirmations. I wait for the best offer then sell the coins in one go or take some of the best ones possible if one order isnt enough to cover all of the amount because the prices move very fast.
Correct, usually we will not go for a trading site if you have bad experience on it. On the other hand if you have a good experience with any of them, you will stick to it. So I also don't look shift to other trading platform. I will look at what is the current offer, and if it's what I'm not looking for, I will not make any orders, but if it looks good to me, will sell it quickly and move to other coins that I think has the potential to increase in the next couple of weeks. As far as how to liquidate, its up to you, most of the time I sell everything and will get back when the price is cheap. While other prefers to sell portion by portion. So its depends on your goals, and entry and exit strategy.
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Partizanai
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January 11, 2018, 08:54:30 PM |
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for me it really depends of the coins market condition if it is on the unusual spike i most likely will sell and try to rebuy it on before spike price
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