begau
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October 31, 2020, 09:54:34 AM |
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Should I hold for more time? 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. You decide for yourself, When to sell? That is when you feel your profits have been achieved, you should not have the idea that the price will continue to rise because greed will kill you. Buy or wait? You keep buying when you can; you will continue to wonder when waiting for the price to go up or down.
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cheezcarls
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October 31, 2020, 10:19:47 AM |
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My friend, there is no perfect timing on when it’s the right time to buy or sell. The cryptocurrency market right now is very unpredictable and volatility is high as well. Even if you seek advice from the experienced, there are no guarantees that their predictions are absolutely correct. It’s in your own instincts, and not from the opinions of others. The only thing that you need to be equipped right now is risk management (both time and money). Just my two sats.
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Ryker1
Sr. Member
Offline
Activity: 1932
Merit: 442
Eloncoin.org - Mars, here we come!
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October 31, 2020, 01:05:08 PM |
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Well, on my end it totally depends on you because no one has the capability to know when is the best time to sell your bitcoins. We all know that right now we are seeing that the price of bitcoin continuously increases and I perfectly understand that everyone will regret if they sell their bitcoins on the current value then later on they found out the price would still increase. However, -- none of us either can identify when will the price of bitcoins will dump which I really hope not but if that will happen then you will also regret it. What I am trying to say is that your judgment will only be your basis when it is and when it is not. Moreover, you can do some researches on how and when is the best time to do it but I just want to give you a heads up that those platforms where you will be able to see the live trading activities will still not give you the exact date and time you will just have a glimpse on the activity on a timely manner that will give a sort of idea to know when id the best time for you.
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▄▄████████▄▄ ▄▄████████████████▄▄ ▄██████████████████████▄ ▄█████████████████████████▄ ▄███████████████████████████▄
| ███████████████████▄████▄ █████████████████▄███████ ████████████████▄███████▀ ██████████▄▄███▄██████▀ ████████▄████▄█████▀▀ ██████▄██████████▀ ███▄▄████████████▄ ██▄███████████████ ░▄██████████████▀ ▄█████████████▀ █████████████ ███████████▀ ███████▀▀ | | | Mars, here we come! | ▄▄███████▄▄ ▄███████████████▄ ▄███████████████████▄ ▄█████████████████████▄ ▄███████████████████████▄ █████████████████████████ █████████████████████████ █████████████████████████ ▀███████████████████████▀ ▀█████████████████████▀ ▀███████████████████▀ ▀███████████████▀ ▀▀███████▀▀ | ElonCoin.org | │ | | .
| │ | ████████▄▄███████▄▄ ███████▄████████████▌ ██████▐██▀███████▀▀██ ███████████████████▐█▌ ████▄▄▄▄▄▄▄▄▄▄██▄▄▄▄▄ ███▀░▐███▀▄█▄█▀▀█▄█▄▀ ██████████████▄██████▌ █████▐██▄██████▄████▐ █████████▀░▄▄▄▄▄ ███████▄█▄░▀█▄▄░▀ ███▄██▄▀███▄█████▄▀ ▄██████▄▀███████▀ ████████▄▀████▀█████▄▄ | . "I could either watch it happen or be a part of it" ▬▬▬▬▬ |
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Tingtong
Jr. Member
Offline
Activity: 490
Merit: 1
https://www.xsl-labs.io
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October 31, 2020, 01:09:10 PM |
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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?
I think hold is better for trade. Many time you saw that a coin price is fall down. But after time it price increase. If you want to trade it is high risk cause you can not wait few days. So i tell you need hold.
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XSL Labs ◉ SECURITY OF PERSONAL DATA ◉ ▬▬▬▬▬▬ https://www.xsl-labs.io ▬▬▬▬▬▬
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samcrypto
Sr. Member
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Activity: 2044
Merit: 314
Vave.com - Crypto Casino
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October 31, 2020, 01:13:13 PM Last edit: October 31, 2020, 01:23:31 PM by samcrypto |
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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?
You’re still living on a good class family and that should not be the basis of your trading and not a good reason to have fear. First, you have to know your target price and always have this one before you trade so you can know when to buy and sell, this is not easy and a good timing is needed. Buy if there’s an opportunity to buy cheaper bitcoin but if you a big up trend coming then buy more before it happen. Even if I tell you to buy now or sell now, i hope you didn’t follow it, because this is not how trading works.
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Wawa2013
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October 31, 2020, 01:44:19 PM |
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Everyone must have a different profit target, if you ask me when is the best time to sell our Bitcoin. When the profit reaches 20% I will sell the Bitcoin that I have, that's what I've been doing. And I will buy Bitcoin again when the price drops deep enough. I did not set a big profit target, so that I could do it over and over again to take advantage of the volatile Bitcoin price.
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Dorodha
Member
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Activity: 252
Merit: 11
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October 31, 2020, 02:10:25 PM |
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You first need to create a target that you want to sell at exactly the right time and if everything is OK you have to wait until Best Time to sell reaches what you have targeted and if Best Time to sell hits there for a very short time. There is really no such thing as the best time when you think you have made enough profit you can sell right away. That is the right time for you. In the end Best Time to sell can be said that you love to sell at your set time and at your set profit.
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Zemomtum
Full Member
Offline
Activity: 1316
Merit: 104
CitizenFinance.io
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October 31, 2020, 02:20:25 PM |
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You can study technical analysis, there are some tools that can guide you when the price is hitting the point of resistance and might likely drop. So, study learn and enjoy the benefits, it doesn't come easy and it takes some time to master it but focus and determination will assist a lot.
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SquallLeonhart
Legendary
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Activity: 2478
Merit: 1102
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October 31, 2020, 03:16:58 PM |
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In my mind there is 2 possible ways that you should be cashing out of bitcoin, I do not know for other ones because you could potentially sell them quicker if you are not sure about the altcoin you have invested but for bitcoin in my mind I have only 2 ways I could sell.
One reason would be to need money, there are a lot of life problems that happens in my life constantly that causes me to need money, at which point instead of making a debt I cash out my bitcoin whatever I need and keep the rest, and spend it on the urgent money need, I do not do this for anything silly but more serious stuff like hospital bills and such. Second reason why I would cash out would be to finally stop investing, that hasn't happened yet but I know one day I will have enough money to say "give me all the cash and I will never work again" and retire, at that point selling would be more about stopping all together.
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adzino
Copper Member
Hero Member
Offline
Activity: 3024
Merit: 576
www.Crypto.Games: Multiple coins, multiple games
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October 31, 2020, 04:47:58 PM |
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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? -snip-
That is why it is better to set a target/goal. When you reach your target, sell your coins. Remember, as long as you don't sell, you don't make any loss even if the price falls. The same is true when the price rises after you sold your coins. You didn't make any loss! If you are still confused on what to do, then sell a portion of your coins for profit and keep holding the rest. -snip- 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?
You social economic status doesn't matter. Invest whatever you can afford to lose. If you can't risk anything don't invest at all. How long you should be holding depends on your target profit. Wait for the price to "dip"? What if it never "dips"?
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lebregone
Jr. Member
Offline
Activity: 298
Merit: 5
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October 31, 2020, 09:01:18 PM |
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Before we can give a better suggestion to your question may we know first if what you are planning? Are you planning for a long term investment or a short term one? Because if you are planning for a long term investment, buying more is your best option whatever the price now because a long term investor will only stop buying if they can sense that the peak of the market is already close.
But if you are planning for a short term one then you need to have a good source of information about the bitcoin price in short you need a price analysis tools or a trusted source of information about the upcoming bitcoin prices. Therefore I cannot recommend a short term investment for you as it is for professional trader only and new traders can't master it in a short period of time. And lastly, the best time to sell is when we are in the peak of bull season but you should put in your mind that predicting the peak of the market is very difficult
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lienfaye
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October 31, 2020, 09:27:24 PM |
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Should I hold for more time? Should I buy some more now only or wait if the price dips a bit?
The market is unpredicted and we know that, so the movement can turns up and down in snap. Thus if you see the price as an acceptable value to sell then dont hesitate and do it. Only you can decide for yourself, aiming for much higher price is not bad but as I have said it can change in snap. On the other side if you're a long term holder the strategy can be different since you have a plan and a set target price on when to sell. When it comes to buying a coin, timing the market once there's a correction or price dip thats the best time to fill your bags.
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Oilacris
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October 31, 2020, 09:51:48 PM |
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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?
People had been always seeking out on what the bottom price.? This had been the common question on where we are really aiming for us to get in. Due to unpredictability of the market then thats what makes it even more harder.The answer about on when is the best time to sell is as long you do already getting some gains or in greens.If you are a long term investor/trader then you wouldnt matter much but for short ones then getting some gains would be enough. Its up to someones discretion on making up decision because its really hard to tell someone or making out some advice because those are subject to lots of changes along the way.
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goaldigger
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October 31, 2020, 09:52:00 PM |
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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?
This is the question that only you can answer because we all have different strategy and different timeline, what we see in the market might not work to you, meaning you have to be on your own when it comes to trading, you set everything for you. Learn trading on process, learn when to sell or to buy and have confidence every time you trade so you wont get too emotional and lose money. You’re a middle class family then that’s a good blessing, I personally came from a poor family and yet I didn’t lose my hope and continues to work slowly but surely.
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ChrisPop
Legendary
Offline
Activity: 2310
Merit: 1035
Not your Keys, Not your Bitcoins
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October 31, 2020, 10:15:07 PM |
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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?
You can't have someone else answer this question for you, but I can suggest some question to ask yourself: Are you investing for a long-term or do you need the money now? Is it going to make a big difference if you buy here or $1000 lower for your target price? My advice is to never invest without a strategy. That's the path to failure in trading and investing. Don't make your decisions based on other people's opinion. Take some time and do your own diligence.
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Shasha80
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October 31, 2020, 10:45:21 PM |
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Only we alone can know the best time to sell our Bitcoin. If you see a market that is in a bullish trend, of course I choose to hold the Bitcoin that I have. I don't need any money any time soon, so I decided to keep my Bitcoin and hope the Bitcoin price continues to rise. Even if I get extra money from my work in the real world, I will buy more Bitcoin.
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Yamifoud
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October 31, 2020, 10:51:36 PM |
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The only thing that can answer your question is to ask yourself first, what is your goal or target price?
By simply answering that, you will be guided when you sell your cryptos. Anyway, hearing and reading advice from the community, from friends, and from family members will also give you better ideas and help you to decide. But if you are asking the best time to sell, that is your discretion and it has you to think it wisely and stand your own because even me, I can't answer it directly, only I do is have to listen and watch the market development. This is the only thing it helps us to make a final decision.
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Ridwan Fauzi
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October 31, 2020, 11:16:15 PM |
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Should I hold for more time? Should I buy some more now only or wait if the price dips a bit?
What brought you here? It will be bad if you came here from other people suggestion and until know you didn't try to understood how this investment place work. You have to try by yourself to understood how this place work and how to get money from this place, increase your knowledge and you will be fine even you can make your own decision. Buying and selling is the simple term, I mean you can simply buy when the price is low and sell when the price is high from that you will get profit right? But, these practice need a theory/strategy, there are many strategies that you can learn. Like fibbonaci or trend line to know where the support line and resistence line.
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StephenJH
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October 31, 2020, 11:24:19 PM Last edit: November 01, 2020, 12:40:57 AM by StephenJH |
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Should I hold for more time? Should I buy some more now only or wait if the price dips a bit?
Buying on dips is smarter than going all-in while the trend pushes the price towards the ATH. For a volatile BTC market, the price can go as higher as it can because there is no central market rate and the demand is high every day. The sell order should be placed right before the end of the maximum which is hard to detect with technical analysis. Maybe the correction points will hit the buy limit orders but it is possible too the price can go 100% in a day without correction. Fake breakouts and incomplete trading patterns force the trader to make wrong trading decisions but professional traders with the right mindset will avoid repeating the old mistakes which the market has done these things before.
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mersal
Member
Offline
Activity: 1204
Merit: 38
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November 01, 2020, 03:47:41 AM |
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Should I hold for more time? Should I buy some more now only or wait if the price dips a bit?
More you hold then more chance to make profits in crypto space but buying more depends on your ability but keep buying as much as you can from your every pay check. You should have bought them earlier itself and now its still the right time because next time the bottom most price won't even reach today's all time high so buy now and keep holding.
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