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Author Topic: When is the perfect time to sell BTC?  (Read 2846 times)
Rasa nanas
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December 30, 2019, 01:49:02 PM
 #101

No one knows for sure whether the price of bitcoin will go up or down, so I can't give any answers to your questions. but I will give advice to you to hold the bitcoin that you have at the moment, I'm sure if next year the price of bitcoin will increase slightly from this year. the decision is yours  Smiley

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December 30, 2019, 03:40:01 PM
 #102

If you're sure you're going to get a lot of sales, I think it's all right to sell bitcoin now and then take the profit. Since Bitcoin's going to be very volatile tomorrow or in a week. So you're losing the money.
If you are thinking like that then you will see a time when the bitcoin market is stable, the market is volatile from the start and booking the profit depends upon the profit you have as target and considering the halving in sight no one will sell the coins now rather would hold for a year to reap the maximum benefit.

In addition to speculation, the important thing to invest in crypto is morals not to be greedy. Sometimes people continue to hope that the value of a coin will continue to rise and delay selling, but the coin does not actually rise. And selling is the right decision if you already have profit
There is no big morale in investment, everyone looks to earn the maximum profit and you need to take steps to reap your profits at the right time, it all depends upon how well you can calculate the market movement and that is the essential part in booking the profit.
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December 30, 2019, 04:05:50 PM
 #103

I am holding BTC from long time ago. And this time BTC going up can I sell now with this price? Or I can wait for more days?
Perfect time? Theres no such thing yet when we do talk about price then its an infinity one yet no on on what would be the future.

The only thing i do see the perfect time will vary on each person but considering and counting wins then even showing up some green or gains
is already considered good.

R


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December 30, 2019, 04:53:09 PM
 #104

I am holding BTC from long time ago. And this time BTC going up can I sell now with this price? Or I can wait for more days?
better to hold and wait for more time. bitcoin bad price for the right now, the best choice for now is hold your bitcoin. i am believe that bitcoin price will increase high price than now. so i advice you must be more patience to hold your bitcoin for more time again and you will can get more profit than you sell your bitcoin now

 
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December 31, 2019, 10:58:01 AM
 #105

I am holding BTC from long time ago. And this time BTC going up can I sell now with this price? Or I can wait for more days?

Wait for more days and there's no guarantee that the price will rise.
I presume that you are already in profit now, so why not wait for days, you might loss that chance to sell and be smart and not be greedy.

R


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December 31, 2019, 06:55:52 PM
 #106

I am holding BTC from long time ago. And this time BTC going up can I sell now with this price? Or I can wait for more days?

Wait for more days and there's no guarantee that the price will rise.
I presume that you are already in profit now, so why not wait for days, you might loss that chance to sell and be smart and not be greedy.
I do not think that there is anything about greediness, yes it is true that he is now in the profit but think about that if he has hold his bitcoin uptill now in bad as well as in good situation of market, then there is no hurry to sell it now, I will suggest that he must wait until for the halving because everyone here is very hopeful for the good price after halving, so being patient is a good decision.
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December 31, 2019, 07:16:26 PM
 #107

i have a wallet. i call it "wishes". i write my wishes. for ex. holiday, buying a new phone, electronic devices (like ps5, nintendo switch etc). when i got my salary, i m buying some BTC. and calculating cost of my wishes need. if i reach to do that, im selling. thats my perfect time to sell.

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December 31, 2019, 09:40:10 PM
 #108

^^ Spending is one thing but while still working its reasonable to only sell Bitcoin when you consider you have a better asset class to hold.  I think its reasonable to sell out of BTC if you think its price has accumulated a good amount over your time period of holding and you need to pay off some of your house mortgage for example.   In that way you are not spending anything but reducing your outgoings which in turns over a longer time period will result in more available cash to spend.
   Thats really the best way to retain wealth, clear the debts first and reduce outgoing costs where possible so you left just with discretionary spending i.e. fun stuff.

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January 01, 2020, 02:43:53 AM
 #109

I think the right time to sell bitcoin in your wallet is after halving. it's still about 5 months away, but I think it's close. I think that the price of bitcoin will not be lower than the current price, so when you want to sell it, wait after halving, the price may be above $ 10k. It's okay if you sell it now, but I think the profit you get isn't that much


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January 01, 2020, 05:27:41 AM
 #110

I am holding BTC from long time ago. And this time BTC going up can I sell now with this price? Or I can wait for more days?

We're barely up from the $7k support level. I highly suggest that you keep holding.

There is really nothing to be gained by dumping right now. The downside risk is very low in my opinion since the $7k support has been tested 2-3 times now, and it has held up decently well each time that it has been tested.

While the upside is high, since you've seen how BTC can rally extremely quickly when markets get reason for optimism with its ascension to $14k earlier this year. Obviously, that was unsustainable, but you do get the point.
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January 01, 2020, 05:32:15 AM
 #111

I think the right time to sell bitcoin in your wallet is after halving. it's still about 5 months away, but I think it's close. I think that the price of bitcoin will not be lower than the current price, so when you want to sell it, wait after halving, the price may be above $ 10k. It's okay if you sell it now, but I think the profit you get isn't that much

If we are going to base on the previous halving, it takes four months before we can finally see some semblance of a rally. But I wouldn't immediately jump and sell everything after halving, because if we're going to see similar pattern as the previous one, it will takes more than a year to get to a new all time high.

So we need to be smarter now, we just don't dump because the price is good, we need to wait till the price is ripe for the taking. It might take years, so it's better to hold, you're not losing any if you will simply hold your bitcoin in your wallet.

R


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January 01, 2020, 06:27:58 AM
 #112

Perfect time for selling bitcoin I think one month before bitcoin halving coming, I optimist bitcoin have higher price during when bitcoin halving is coming close and every get much profit if start for investing now. Always higher price when bitcoin halving and make many investor interested to try investing with bitcoin and altcoin.

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January 01, 2020, 07:36:50 AM
 #113

Perfect time for selling bitcoin I think one month before bitcoin halving coming, I optimist bitcoin have higher price during when bitcoin halving is coming close and every get much profit if start for investing now. Always higher price when bitcoin halving and make many investor interested to try investing with bitcoin and altcoin.

It's really hard to tell if that's the case since each one of us have different preferences upon perfect time selling since some intend to hold and some intend to dump whenever they got their funds but if people aiming to see a major result for the halving maybe it's best to wait up until the halving time exist since provably in next run of it that would be the perfect time to sell.

R


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barota
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January 01, 2020, 09:47:49 AM
 #114

when we make analyst of prices bitcoin before bull run 2017-2018 . prices rose a lot ; if you sold at begning of pump for sure you will buy expensive because pump does not stop . everyone should hold for make bitcoin at high prices always
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January 01, 2020, 11:15:22 AM
Merited by TravelMug (1), cryptoaddictchie (1)
 #115

I am holding BTC from long time ago. And this time BTC going up can I sell now with this price? Or I can wait for more days?
Since when is that “Long time ago”?Because if you had already holding since 2017 then you should have profited highest value since it is the Hype that bitcoin recorded .

And if you really holding that coins,why didn’t you sell last september?when the price almost hit $14,000?and now asking us if you have to sell in this bearish market?

I believe that youre just making story here but none is true about your topic ..









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Mars,           
here we come!
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milewilda
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January 01, 2020, 11:45:24 AM
 #116

Perfect time for selling bitcoin I think one month before bitcoin halving coming, I optimist bitcoin have higher price during when bitcoin halving is coming close and every get much profit if start for investing now. Always higher price when bitcoin halving and make many investor interested to try investing with bitcoin and altcoin.

It's really hard to tell if that's the case since each one of us have different preferences upon perfect time selling since some intend to hold and some intend to dump whenever they got their funds but if people aiming to see a major result for the halving maybe it's best to wait up until the halving time exist since provably in next run of it that would be the perfect time to sell.
You are right! Each people do have reference on when they do consider a perfect time because if we do talk about profits then each person do have their own target or goal.
Some wont really be that contented on long term profits yet it would really be just small compared if you do actively trade with it.If you do hold up for how many years excluding that 2017 bull run
then you are still in profits but if you do able to buy on peak or ATH then you know on what kind of situation are you in for now. lol

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January 01, 2020, 01:48:12 PM
 #117

It depends on you mate, if you think it is profitable to sell your bitcoins now then why not, it just depend on what your goal is. The best time to sell bitcoin is when the price is it’s highest but with today’s situation it seems that the next AHT may think some time yet to happen so you might need to hold for a little longer but if you already see that you still can get profits now despite the current price then might as well take the opportunity while it last because we don’t know what is going to happen next.
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January 01, 2020, 02:33:15 PM
 #118

I am holding BTC from long time ago. And this time BTC going up can I sell now with this price? Or I can wait for more days?

Depends on when you bought, personally, I'd advise against selling BTC at any price without having to recoup your initial investment. However, it's also important to have an investment strategy before coming into crypto (hence it's a crucial beam in the DYOR maxim).

This year, among other things, one thing is for certain: Bitcoin halving; which may likely impact the price of Bitcoin. You don't want to be on the wrong side before or after the halving - that's for sure! But you can get more out of Bitcoin if you try one/more of these (disclaimer: just an idea, not investment advice):

For long-term hodling: Cost average works well the sell once you can get back capital (until you recoup your initial investment and start earning real profits, keep hodling).

For mid-term: Try trading. Learn all the trading strategies there is, start by investing small, and move up gradually. NEVER get GREEDY.

For short-term: I have no clue what to advise here, as timing is very important, and Bitcoin is very volatile.
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January 01, 2020, 03:30:48 PM
 #119

For long-term hodling: Cost average works well the sell once you can get back capital (until you recoup your initial investment and start earning real profits, keep hodling).
This is the best option for lazy people like me and it is a risk free strategy.

For mid-term: Try trading. Learn all the trading strategies there is, start by investing small, and move up gradually. NEVER get GREEDY.
Taking advantage of the volatility and invest during short burst, sticking to be basics is always the best strategy.

For short-term: I have no clue what to advise here, as timing is very important, and Bitcoin is very volatile.
When ever there is a correction i invest in the coin knowing the market will recover in the short and i am sure everyone does the same.
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January 01, 2020, 04:46:29 PM
 #120

It depends on you mate, if you think it is profitable to sell your bitcoins now then why not, it just depend on what your goal is. The best time to sell bitcoin is when the price is it’s highest but with today’s situation it seems that the next AHT may think some time yet to happen so you might need to hold for a little longer but if you already see that you still can get profits now despite the current price then might as well take the opportunity while it last because we don’t know what is going to happen next.
It seems like almost everyone recommends that you wait until halving is finished before selling the assets you have. the choice is, if you really need money, and want to sell your assets because you feel you have benefited, that's not a problem. but, if you can wait a little longer, it's better to wait for price developments after halving occurs than to sell now. this is all in less than 5 months.
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