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Author Topic: What is the Best Time to sell ?  (Read 2842 times)
reliable
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October 30, 2020, 06:09:21 PM
 #21

People sell when they need money , some sell based on their research and finds that bitcoin may fall in coming time so books profits now and buy later . So accordingly one can plan it or just hold it forming terms and once you achieve your price sell it .

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October 30, 2020, 07:14:23 PM
 #22

You don't need to think much when you are buying something but when you want to sell there is always a fear that what if the price increases?
As a boy belonging to middle-class family, I don't have a large share BTC hodling and now I am unable to figure out what should I do? Here are my few questions......
Should I hold for more time?
Should I buy some more now only or wait if the price dips a bit?


If you've made a lot of profit, just sell it, why be confused? Sometimes if you haven't sold it the price could have dropped back, and you'll have to wait for the price to go up again, who knows when it is. But if I invested in bitcoin I wouldn't sell it now.

But if you want to buy it again, it is best to wait for the price to drop again. But never know when the price will go down and when the price will go up. It takes patience here.

The decision is back to you.

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October 30, 2020, 07:16:57 PM
 #23

When we start seeing news like "Bitcoin price has increased", it means that it is time to sell our Bitcoin. Whenever they published news like this and made irrelevant people buy Bitcoin, the price fell down.

Not necessarily. In the past, it was really possible to navigate through such news. However, now everything has become too ambiguous. Bitcoin is growing too gradually and steadily. In the past, we could see explosive growth and the same rapid decline, but now everything is different. Every quarter we see news that the price of bitcoin has risen, but we do not see a strong enough correction.
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October 30, 2020, 07:18:11 PM
 #24

If I told you the best time to sell would be the week of November 12th, 2021, would you wait to sell until then?

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October 30, 2020, 07:26:02 PM
 #25

You don't need to think much when you are buying something but when you want to sell there is always a fear that what if the price increases?
As a boy belonging to middle-class family, I don't have a large share BTC hodling and now I am unable to figure out what should I do? Here are my few questions......
Should I hold for more time?
Should I buy some more now only or wait if the price dips a bit?


Buy more if you do tend for bitcoin in long term but if you do really mind of on making profit in shorter time then its better to wait for price dip before you do enter.
Its depends into your plan.How long you would tend to hold up? If theres no definite time and do talk if that would be tomorrow then best choice is to wait
for the price dip a bit then buy some amount but doesnt mean that it will automatically rise up.Market isnt predictable for someone to able to make money.
Dont expect that this market is the same as what you think.Sell out when you are greens and dont wait up for anything.

R


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October 30, 2020, 07:29:42 PM
 #26

You don't need to think much when you are buying something but when you want to sell there is always a fear that what if the price increases?
As a boy belonging to middle-class family, I don't have a large share BTC hodling and now I am unable to figure out what should I do? Here are my few questions......
Should I hold for more time?
Should I buy some more now only or wait if the price dips a bit?


It all depends on your need and outlook for these bitcoins. Why did you buy bitcoin in the first place? Was it an investment, was it for buying something and you had some left over?  If it was for an investment, when you bought it what was your goal/plan?  Did you plan to sell it quickly if you made a sizable profit, or was it purchased as something you wanted to hold on to for a long while? If you didn't ask yourself these questions before buying, then do so now.  But remember to ask these questions before you do next time.  Answer the questions, then you get your answer what to do in this situation.

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October 30, 2020, 07:48:51 PM
 #27

It all depends on your current situation. As what you have sid, you are not a rich. You are in middle class and anytime, you need your investment to pull out in market. This is what i have been wrong today because i hold my cryptocurrency in July and look at the market now. Almost all altcoins turn down badly. Well, i hope that the market price will grow up soon as bitcoin establish its stability. You can hold it or sell it now.

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October 31, 2020, 03:34:48 AM
 #28

You don't need to think much when you are buying something but when you want to sell there is always a fear that what if the price increases?
As a boy belonging to middle-class family, I don't have a large share BTC hodling and now I am unable to figure out what should I do? Here are my few questions......
Should I hold for more time?
Should I buy some more now only or wait if the price dips a bit?

Honestly, it's up to you.  You must not sell your bitcoin at a loss.  So if you want to sell bitcoins for a small profit then it is your own choice.  And if you think the price of Bitcoin will go up further, you can hold on.  My advice here would be to sell Bitcoin for profit if it is met.  Because excessive greed never brings good results.

Here in our forum we always said that the right time to sell our crypto was when its market value were at pumped state. There you can assure that you may generate income. But the worst thing about it was we can't tell when this pumped state may come again, because of course we can't stay tune at the blockfolio to check the price minute by minute. So we have our individual preferences when we were going to sell our coin but some sold their coin when they needed it most.
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October 31, 2020, 04:13:19 AM
 #29

Should I hold for more time?
It's completely up to you. Do you personally think that bitcoin will be worth more in the future? If so, then hold. If not, then sell. It's that simple.
This is what I am doing with my bitcoin right now and I would like to add that, you should set a target price on where you want to exchange your bitcoin to your local currency. I am still a fledgling when it comes to buy and sell of bitcoin, good thing is that my friends who are veteran traders teach me what to do and what not to do. I also save some money that is seperate from my trading funds to buy coins when they dip.

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adaseb
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October 31, 2020, 04:15:10 AM
 #30

Honestly its hard to predict when the top will happen. Many people are saying that this is the top because its a double top of the June 2019 price of $13.8K. Looking at the large negative funding rates and how BTC is still going up... it seems it will go higher. Hence why are they selling. Obviously because they think its the best time to sell when in fact its not and can go higher.

I sold some BTC back in 2017 at like $9950 or so, because I figured $10K will never break. And then it went to $20K. I would of never predicted that and neither did many. So you can never sell the top just like you can't buy the bottom.

I think if we get some crazy candles like 20% up everday for like 2-3 days then most likely the top is near.

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October 31, 2020, 04:21:53 AM
 #31

Whether it is a good time to buy or sell will depend on the market it is very difficult to say which way the market will go when it is not stable if you can invest in the right currency you can make a profit keep it from buying and selling every day you should not keep it for too long. While the value of many currencies is declining in the crypto market long-term investing is better than investing in bitcoin.
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October 31, 2020, 06:12:20 AM
Merited by Peanutswar (2)
 #32

Here are my few questions......
Should I hold for more time?
Should I buy some more now only or wait if the price dips a bit?

You're letting your emotions get in the way of your decision making. Trading revolves around having a strategy and the moment you don't have that then you'll become vulnerable to emotions. You don't lose when you take profits and that's what trading is all about. Don't get attached to the coins you're trading, know your buying in price and your exist point even before the price get their that point.

Now that's for trading altcoins but with bitcoin, you're better off holding as the possibilities are, the market will leave you behind when you sell most especially if you're not the advance trader with the experience and knowledge of chart reading. Altcoins get pumped and dumped regularly so seizing any sellable opportunities you see is very recommended to avoid been in lose.

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DevilSlayer
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October 31, 2020, 07:24:45 AM
 #33

Here are my few questions......
Should I hold for more time?
Should I buy some more now only or wait if the price dips a bit?

You're letting your emotions get in the way of your decision making. Trading revolves around having a strategy and the moment you don't have that then you'll become vulnerable to emotions. You don't lose when you take profits and that's what trading is all about. Don't get attached to the coins you're trading, know your buying in price and your exist point even before the price get their that point.

Now that's for trading altcoins but with bitcoin, you're better off holding as the possibilities are, the market will leave you behind when you sell most especially if you're not the advance trader with the experience and knowledge of chart reading. Altcoins get pumped and dumped regularly so seizing any sellable opportunities you see is very recommended to avoid been in lose.
Exit points in trading are subjective and it is really depends on what your goals and objective. My target profits or taking profits depends on the market structure, I usually sell my coins in the resistance area where the supply are so big because there is a high possibility that the price may resist and will make a swing low. But if the price of a certain cryptocurrency is in the virgin area wherein it is in all time high, I usually do trailing stops and let the profits run; I will only sell it if there will be a weak and bad selling signal. In  terms of emotions in trading, we should have awareness on what we feel before, during the trade. We should give care on it because it affects our decision and strategic planning. I do not control my emotion but I make sure that I'm aware on what I currently feel in order for me to know if I'm in the right condition to trade.
DoublerHunter
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October 31, 2020, 08:16:11 AM
 #34

People sell when they need money , some sell based on their research and finds that bitcoin may fall in coming time so books profits now and buy later . So accordingly one can plan it or just hold it forming terms and once you achieve your price sell it .
^ Most commonly they sell when they need money.
I know that it is really hard to identify when will be the best time to sell or buy especially when you are new in bitcoin and even tenure couldn't give you an assurance on when will be the best time for trading there is no guarantee, predictions, and speculations, as well as your emotion, are the only thing that can give us an idea as to when we can do the trading. However you may do researches and utilized some platforms that show live graphs about the flow and actions in trading with that you may get little idea when you can buy or sell your bitcoins apparently, it remains not a guarantee and you must still cling to your best judgment.
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October 31, 2020, 08:20:30 AM
 #35

Whether you’re buying or selling there will always be so many thoughts running through your mind at once. What makes you think that it is easy to buy and hard to sell? Both are hard. When you’re buying you will be having the thoughts as to whether the price of the asset you’re buying might fall and you lose money and you will be afraid to buy.

This is what affects so many people and stops them from buying cryptocurrency assets. Then when you’re going to sell you will be thinking whether you’re selling at the right time and whether the price would go up immediately you sell it. So, none of them are easy Cool.

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October 31, 2020, 08:50:07 AM
 #36

Quote
Should I hold for more time?
Quote
Should I buy some more now only or wait if the price dips a bit?
No one knows. Bitcoin is very volatile. The price may go up or down unexpectedly.
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October 31, 2020, 09:26:24 AM
 #37

Quote
You don't need to think much when you are buying something but when you want to sell there is always a fear that what if the price increases?
That is business for you because everybody want to make profit not loss. Recently the price of BTC is good for anyone that is still holding coins to release to market before the price will still fall. Selling carry so much feeling that you will beginning to ask yourself,if I still hold them may increase or decrease. It's better to sell when you know there is profit for the trade than waiting for big profit and later loss all your money.

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October 31, 2020, 09:42:27 AM
 #38

No investors wish to loss for their trade in the market.
The best time to sell is when the price goes up like the way bitcoin is pumping over some weeks. This is opportunity for those who are still holding coins waiting for market to change for their favour this is the period.
Many people are still making the mistake other trader made in 2017 that make them loss their income because they fail to understand the season of that particular coin they were holding for long periods of time.  Release your coins when the price increase in the market.

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October 31, 2020, 09:49:13 AM
 #39

It's been said that the best time to sell is when you're profitable...
for a trader, a 10% profit 50% profit, or 100% profit is the best time to sell. You will only be stuck with a failure if you think you should only sell when the value of your coin goes up 200% - 1000%. If you do not like high risks, then selling when you have made a small profit is the wise choice.



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Rainbot
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October 31, 2020, 09:53:14 AM
 #40

You don't need to think much when you are buying something but when you want to sell there is always a fear that what if the price increases?
As a boy belonging to middle-class family, I don't have a large share BTC hodling and now I am unable to figure out what should I do? Here are my few questions......
Should I hold for more time?
Should I buy some more now only or wait if the price dips a bit?

Honestly, it's up to you.  You must not sell your bitcoin at a loss.  So if you want to sell bitcoins for a small profit then it is your own choice.  And if you think the price of Bitcoin will go up further, you can hold on.  My advice here would be to sell Bitcoin for profit if it is met.  Because excessive greed never brings good results.
hope everything is the truth
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