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Author Topic: When is the perfect time to sell BTC?  (Read 2248 times)
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January 16, 2020, 04:40:08 PM
 #161

If you're holding bitcoin for long term you might specify for how long I should hold my Bitcoin, is it for 5 years, 10 years or so. But if you're holding Bitcoin for short term you should sell them once the price is going up, yeah buy low and sell high. I personally hold Bitcoin as a long term investment, even if the price is going up I don't sell my coins because I have specified the period for holding Bitcoin. when the time comes and the price is skyrocket I will sell those coins.
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January 16, 2020, 06:31:19 PM
 #162

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?
you can wait for more increase price maybe halving will coming. if you sell your bitcoin in bull run happen you will get more profit than now. but if you do not want to take the risk you can sell your bitcoin now and buy back when bitcoin decrease price then hold for long term again.  it can make you take more profit

 
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January 16, 2020, 07:08:00 PM
 #163

If you're holding bitcoin for long term you might specify for how long I should hold my Bitcoin, is it for 5 years, 10 years or so. But if you're holding Bitcoin for short term you should sell them once the price is going up, yeah buy low and sell high. I personally hold Bitcoin as a long term investment, even if the price is going up I don't sell my coins because I have specified the period for holding Bitcoin. when the time comes and the price is skyrocket I will sell those coins.
It maybe we are different, I consider myself as a short term holder and just like what you've said...I sell my Bitcoins when seeing profits on it and buy back again. That was what I usually do and also I feel that it helps me to generate more gain rather than to be a long-term holder. I understand the risk of this and that it why it needs to be smart in doing decision.


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January 16, 2020, 08:01:03 PM
 #164

If you're holding bitcoin for long term you might specify for how long I should hold my Bitcoin, is it for 5 years, 10 years or so. But if you're holding Bitcoin for short term you should sell them once the price is going up, yeah buy low and sell high. I personally hold Bitcoin as a long term investment, even if the price is going up I don't sell my coins because I have specified the period for holding Bitcoin. when the time comes and the price is skyrocket I will sell those coins.
It maybe we are different, I consider myself as a short term holder and just like what you've said...I sell my Bitcoins when seeing profits on it and buy back again. That was what I usually do and also I feel that it helps me to generate more gain rather than to be a long-term holder. I understand the risk of this and that it why it needs to be smart in doing decision.

   Hypnosis00 you are a day trader, or short-term trader, I think both terms are accurate. Your gains depends on choosing the perfect
moments for your trades. I respect your perspective, your profit depends from your daily decisions. But I don't wish to make daily
decisions to buy or sell, I make a decision to be in for a long-term, and for me there is no perfect time for selling Bitcoin for two reasons:
1. I think that every price bellow 500k is too low for selling Bitcoins.
2. If price reach 500k one day Bitcoin will be fully adopted everywhere, I will not have to sell it, I will be able to just use it!



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January 16, 2020, 09:43:34 PM
 #165

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. 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...

 
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January 17, 2020, 05:21:09 AM
 #166

It is subjective, all of traders have different strategies in terms of selling. I oftern using trailing stop and target profit. What is trailing stop, it is the time where the upward movement is finally over and I will cut my position. Target profit is about I setting up a potential rewards which is most likely between 10%-20%. It depends on you when is the best time to sell bitcoin. The most important is we should make profit and not losses when we sell our bitcoins.

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January 17, 2020, 11:51:03 AM
 #167

The most important thing in my opinion is you sell it in favorable conditions, so it all depends on you and if you are not satisfied with the price of bitcoin, it never hurts you to wait for the price of bitcoin to rise even higher.
but you also have to be careful because doubts can bring good luck and losses, because dissatisfaction can be a loss because the reason is when you already have the advantage and choose to continue to hold it and hope that the price of bitcoin continues to rise and in the end bitcoin goes back down and sharp, and finally you will regret having wasted the opportunity.
all decisions are in your hands and if you are in doubt, try to do further research and analysis about the next bitcoin movement and find the best information about bitcoin going forward, even though the current bitcoin movement is good, there is no harm in anticipating and wise in making decisions.
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January 17, 2020, 12:28:17 PM
 #168

Get profit daily day with bitcoin is most effective way than you keep hold bitcoin with long time although have chance selling bitcoin with higher price, but you need daily source income for your needed by getting profit with short term trading in bitcoin and altcoin, look every day bitcoin goes higher and lower price where you have way how to get much profit with bitcoin and altcoin.
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January 17, 2020, 04:14:21 PM
 #169

There is no perfect time to sell, but you must have a target to sell. Suppose you want to sell when bitcoin price touches $20k or $50k or even $100k. because you've holding long enough, so wait until the next halving, I hope history repeats it so that it can go above $20k.
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January 17, 2020, 04:43:39 PM
 #170

There is no specific time or date to sell, if you are in the need of money desperately then why need to wait? At the same time if you are expecting some huge return kindly wait till halving. Everyday there is a change in value which seems to be a good sign for huge demand, take decisions carefully that's all I can suggest you.

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January 19, 2020, 12:03:50 AM
 #171

It depends purely on your situation as it's not the best time to sell bitcoin as we're waiting for a bull run to do that, but if it's an emergency you can sell it. Or else set the auto trade to sell off if the value falls and if the value pumps back, set the buy trade as well. For if the value is 7500 then put some of the coins you've got to sell and wait for the price to go down to buy back to the lower rates

 
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January 19, 2020, 12:25:46 AM
 #172

Your question can not be answered because it depends greatly on personal circumstances.   The really simple answer is that there's no good time to sell if you don't really need to, so long as Bitcoin is a viable product it's very likely to keep gaining in the long run.   Decide when to sell if you don't believe that BTC is a viable alternative to fiat and there's your choice, otherwise it's a brand new product, a market that never existed before and you're fortunate to see it all start.

 
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January 19, 2020, 02:43:31 AM
 #173

It is simple, you sell when you are in need of money. If you aren't in need for money just hold it as the market grows with time. Above all it is good to sell today and buy back today itself. This means sell at a price high and buy back at a price low to it. This will get profit and help with the accumulating bigger volume of bitcoin when practiced regularly.

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January 19, 2020, 05:42:30 AM
 #174

Are you aware that profit is made from buying ang not from selling, there are a lot of opportunities in trading but we are not used to see it because of the lack of experience and lack of knowledge that we have. If you will ask what is the perfect strategy then I'm sorry because it is not existing, there is no strategies that can be called as holy grail. The right time to sell is depends on our plan and also in our trading psychology.
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January 19, 2020, 06:30:23 AM
 #175

looking at current prices, if you buy bitcoin at the end of 2019, then the profit you can get now reaches $ 2000, because the addition is about $ 2000 from $ 7000. however, this is one of the conditions for selling assets, and if you sell your assets now you have made a profit. but, I suggest to hold back a little longer.
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January 19, 2020, 08:34:39 AM
 #176

Indeed, if the OP still holds up to now the OP has many advantages now because the price of bitcoin has grown well but that too if it is not sold.
Yeah it's better to last longer because bitcoin reaches $ 10k in the near future if you buy now there is still a chance to go up because bitcoin will continue to go up like current flows.
It's not too late for bitcoin to buy now.

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January 19, 2020, 08:55:57 AM
 #177

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?
Have you sold it now? the price is now reasonable to sell, and wait for the correction again,
because Bitcoin could have returned to the level $ 7000

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January 19, 2020, 09:27:33 AM
 #178

its depending about your trading strategy, if you typical long term trader, just wait it, bitcoin will reach $15k and maybe 50k in next year, but if you are short term trader you can sell it right now, i think you have get few percent of profit, its better than you see market turn down before halving.
crypto market movement is very fast not like other market like forex , sometimes you will see flash pump and flush dump, just sell it now before you panic you see the market at flash dump
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January 19, 2020, 09:41:27 AM
 #179

its depending about your trading strategy, if you typical long term trader, just wait it, bitcoin will reach $15k and maybe 50k in next year, but if you are short term trader you can sell it right now, i think you have get few percent of profit, its better than you see market turn down before halving.
crypto market movement is very fast not like other market like forex , sometimes you will see flash pump and flush dump, just sell it now before you panic you see the market at flash dump
I like with trading short time strategy because looks most profitable to get much profit than we only use long term waiting with bitcoin reach above $15,000 where take about two or three months later, but if short term trading give you profit every although not higher but if long term way for trading we must looking for other sources income.
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January 19, 2020, 01:59:36 PM
 #180

its depending about your trading strategy, if you typical long term trader, just wait it, bitcoin will reach $15k and maybe 50k in next year, but if you are short term trader you can sell it right now, i think you have get few percent of profit, its better than you see market turn down before halving.
crypto market movement is very fast not like other market like forex , sometimes you will see flash pump and flush dump, just sell it now before you panic you see the market at flash dump
I like with trading short time strategy because looks most profitable to get much profit than we only use long term waiting with bitcoin reach above $15,000 where take about two or three months later, but if short term trading give you profit every although not higher but if long term way for trading we must looking for other sources income.
Most of the peoples are expecting more profit, But everyone accept the enough profit. So this is the perfect time for day trading and huge investors are hold the long term but if we satisfy we can sell at any time. We are not waiting for $15k USD because once it is rise constantly, It will grow rapidly on further days.

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