mersal
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Activity: 1204
Merit: 38
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November 03, 2020, 04:32:27 AM |
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Give yourself a timeframe of atleast 10 more years as that'll mark the second century of bitcoin existence and I'm positive the price then will be far above what the price now, currently is.
The price will be at least 5 times bigger than the current all-time high for sure in the next 10 years even if the crypto market becomes less volatile in the meanwhile period. Only thing that missing from crypto investors are enough patience, they just want to make profits in weeks and months but for a normal stock trader it will at least take a decade or two to make the life-changing profits which should be applied to the crypto market as well for better returns than in the stock market. For the coin which has potential, the price will increase at the right time. But the problem is we don't know which coin will have that chance, and we only hope that the coin we have will increase. Maybe if you can analyze better, you will have the coin target to trade, so you don't have to wait for a decade or two to change your life. It is no problem if your profit is not too big because you will get your time to make it later. When we have bitcoin, why we need to look for a better coin? Bitcoin produced great fortune days in very short time as well but for someone who is looking bigger than ever can consider bitcoin for the longest term hold so he will have the chance to make profits in the time period I mentioned earlier.
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TIDOVEE
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November 03, 2020, 04:57:59 AM |
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The person on the floor is not afraid of falling, when the price is low,that's when most people buy the coin makes no big value by then, why many people do not decide selling when the price is rising is because of their envisage on if waiting will earn them more. And it has been like this from time till many land regretting their indecision. Once you can take good profit. Take it and keep moving.
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Xxmodded
Sr. Member
Offline
Activity: 2296
Merit: 315
SOL.BIOKRIPT.COM
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November 03, 2020, 06:24:49 AM |
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Actually best time for selling when have higher price and happen after get good news like have issues some country wanna adopt bitcoin for legal transaction payment, but many trader wrong way when have to sell their assets. Keep stay for holding after reach to higher price because keep faith with coin going up again, but later bitcoin and altcoin have down and most disappointed because not sell on higher price. I think we have change mind when trading or investing, never faith with many people ask for holding when have good price and good chance to get much profit, later always buy when getting impact with bad news and never care what the people saying with coin become drop and lower price later.
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MI6
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November 03, 2020, 07:42:10 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?
It's completely your decision if you want to play safe don't hold your coins for too long if the price is crashing always set a loss limit in order to avoid losing too much. Also you wouldn't know yet if it's a dip or not so you must need to read the signals carefully where is the right time to buy or enter the market.
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Boov
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November 03, 2020, 07:56:35 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?
It's completely your decision if you want to play safe don't hold your coins for too long if the price is crashing always set a loss limit in order to avoid losing too much. Also you wouldn't know yet if it's a dip or not so you must need to read the signals carefully where is the right time to buy or enter the market. Definitely so true, the mere decision was its on your own. You were the only one who can manage your account, its only you who can control it. There so much good advices that we may get here in forum but of course you have your own tactics on how to deal with it. For me the only perfect timing to trade was on pumping state, but how we can so sure that we can able to make it at this state? So basically the reality of trading depends on our time availablity to do it, and of course depend on our needs.
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ethereumhunter
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November 03, 2020, 09:37:28 AM |
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When we have bitcoin, why we need to look for a better coin? Bitcoin produced great fortune days in very short time as well but for someone who is looking bigger than ever can consider bitcoin for the longest term hold so he will have the chance to make profits in the time period I mentioned earlier.
That is because if bitcoin is down, some altcoin can produce another profit for us, which we can use it to make more money. We know that bitcoin is the best coin, but we can not deny that bitcoin is also up and down, and if bitcoin is down, we can search for another coin that can help us make a profit. Maybe it is not better than bitcoin, but at least we can continue to make a profit, which is our main goal to make money. But still, we need to determine the best time to sell bitcoin or altcoin, especially if one of the coin can increase.
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Janation
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November 03, 2020, 10:26:38 AM |
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I think that depends on you.
We can say that it is now, you can say that is not. There are a lot of chances and possibilities that would happen so it is all on you whether you want to hold longer, sell now or buy later.
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Thanasis
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November 03, 2020, 11:36:48 AM |
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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 predict the price movements accurately so no matter you are buying or selling everyone is just going with their assumptions which mainly made using the technical analysis.As I said it is not possible to find the perfect time to sell but it is possible to sell when you made your desired profits so apply the selling strategy only when you reach the target and make the profits which you wanted irrespective of the time frame.
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bitcoin31
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November 03, 2020, 11:57:15 AM |
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The best time to sell is depends on you, there is a lot of trader asking that question or they want to know where is the best time to sell their bitcoin but actually there is no time the decision is base on what you research if you think it is best you can convert it but if not just keep it. But because market are continue growing I will not sell my coins because I believe it will become better the value in the next few months
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sarmrakib
Full Member
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Activity: 1335
Merit: 101
Play-To-Earn NFT Game
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November 03, 2020, 12:35:34 PM |
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Should I hold for more time?
You said you don't have much time as you are serving yor family so you can set profit level where you can sell it ,don't be greedy on that don't wait for go to deep high to sell . Should I buy some more now only or wait if the price dips a bit?[/b]
I said earlier on above as you are from difficult situation family you don't get panicked to buy more on deep .You can buy different coin which have more potentially and also more chance to grow up rapidly .Hope you will do it wisely .
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ololajulo
Sr. Member
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Activity: 2240
Merit: 270
SOL.BIOKRIPT.COM
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November 03, 2020, 02:56:18 PM |
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I am looking at the chart more closely lately especially the bitcoin peak value of most altcoins with respect to time of launch of coin ,also looking at the post-bitcoin bull altcoin season . It is difficult to sell at the exact ATH of both bitcoin and altcoins, looking also peak fiat and bitcoin value respectively, which requires the proper management of greed in the bull. Average of 5x-10x in bitcoin value for altcoin can be my exit for most coin, and as we see more new coins coming into the market we are likely to see more fund going into them than old coins.
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Josefjix
Sr. Member
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Activity: 1316
Merit: 309
yes
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November 03, 2020, 03:04:32 PM |
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When you feel you are at gain and you don't like holding any longer. You can sell whenever you feel like, it is all up to you to make the right decision
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santiPOGI
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November 03, 2020, 04:25:41 PM |
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We can only determine the best time to sell of course, if you see that the earnings see is more than 100% for the capital you used for the coins dude. Then, if you really a long term holder, you could earn more and more for sure. Meaning, this depend on your decision if you sell it or hold something like that.
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lixer
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November 03, 2020, 05:27:38 PM |
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Sometimes you just can't stop yourself and that is somehow understandable as well. People do not have the same emotions day in and day out, sometimes people feel awesome and sometimes people do not feel well at all, and when your emotions change your trading will change as well.
There are days when I look at bitcoin at $7k price and see amazing buy opportunity, sometimes I look at it on $13k and see a great buy opportunity, same goes for selling as well.
One day I look at $13k and see great place to sell, sometimes it is $14k and I think I should hold. So, best time to sell is probably a subjective thing and not something that could be put into data. Plus, when did you buy and from what price does play a big role as well, if you bought very very low, nobody could say anything if you end selling now, but if you bought recently that means it makes sense to wait a bit.
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ngesotcoy
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November 03, 2020, 05:47:51 PM |
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I think you won't find the best time to sell, your feelings are the most important. You always want the coin to maximize its value but you can miss the train, sell it when you feel the price is reasonable.
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reliable
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November 03, 2020, 05:53:21 PM |
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I think you won't find the best time to sell, your feelings are the most important. You always want the coin to maximize its value but you can miss the train, sell it when you feel the price is reasonable.
Set the target and do not end up being too much greedy because at times you are in good profits but in anticipation of more that profits gets reduced and then may take some time before it bounces back or in between if you require money then will have to sell in less profits or loss as well.
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tvplus006
Legendary
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Activity: 2450
Merit: 1896
To the Moon
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November 03, 2020, 10:00:18 PM |
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...Here are my few questions....
Bitcoin, because of its volatility, very often presents us with an opportunity to sell it profitably, and then buy it profitably. This is what I described as an ideal situation, but in practice you will not get everything so smoothly. You need to make your own decision, because the market situation is changing very quickly.
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Lanatsa
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November 03, 2020, 11:50:15 PM |
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Best time to sell is on when you do see green but if you are a long time holder then you wouldn't really bother that much but if you are a trader which do matter making profits in shortest time as possible then you would be that active on making up trades and that what matter most no matter what kind of way you've been doing the most important is to make money yet we do have our own mind and decision making skills as long it can benefit us then that's the best shot to take.
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pankowri
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$CYBERCASH METAVERSE
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November 04, 2020, 01:05:23 AM |
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Think big and dream big. I believe that you must have a target price which you want to sell when reached. So it up to you which you want. It depends on the mind and situations mostly. If your target price reached then you can go for selling your funds otherwise holding will better with patience
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BuNga_cute
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November 04, 2020, 02:22:13 AM |
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The best time to sell our Bitcoin is when the price has gone up beyond the price when we bought it. The size of the profit depends on our own, we determine for ourselves what percentage of profit we want to get. Because everyone has their own target, my advice is not to take too much profit. Sometimes being too greedy will only make us lose the opportunity to make profit from Bitcoin, because if our profit target is too large, the Bitcoin price will rush down. So my advice is to make a little profit but it continues.
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