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Author Topic: Time to sell my BTC?  (Read 3627 times)
maxreish
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March 11, 2021, 12:47:38 AM
 #21

If you trust bitcoin you can just put it all still into it and hold it for long term. But it all depends on your decision. While it is still good to diversify your coin like selling half part of your btc and buy some potential altcoins, whatever your actions, yhe best thing is to manage them well and not too greedy if you reach your goal profit.
 
 Since you already made some profit from that then you can just use your profit to widen your investment.
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Golftech
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March 11, 2021, 01:10:42 AM
 #22

If you are already satisfied with your gained and you need the money, selling your assets

is not bad, but if you are aiming for more and you are only using spare money, you can simply

keep it and store it from a safe wallet. As the value of Bitcoin may go up much higher, in the end

it will depends from how you see it as owner, you are the only one who can decide for it. take your

call according to your own assessments.
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March 11, 2021, 02:09:36 AM
 #23

Sell it if you are satisfied with the increase in price. I see you have made a profit from buying btc, but according to the current situation the market is showing new growth, I think bitcoin will soon surpass the 60k 70k....
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March 11, 2021, 02:23:10 AM
 #24

As long as you are satisfied with your profit then you may sell anytime.

At your current position, £9000 is around 12540.56 and right now you are sitting at a x4 profit Smiley. Right now, there is no signs that the bull market that we are seeing right now will come to an end. We may see corrections but that is just a small ones and its normal for it to happen but I don't see this bull run coming to an end anytime soon and knowing that there are some major news that are coming along the way this year like the Paypal accepting payments to merchants, these institutions slowly accumulating BTC etc, the bull run might stay for quite some time or best throughout 2021.

Now regarding to your question, if I'm on your situation I will sell a portion of it ONLY if I need to buy something like in your case altcoins. That might be a good choice but just beware. Overall, congrats to your profits Smiley.

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March 11, 2021, 02:33:19 AM
 #25

So I bought BTC at £9000, made a nice amount. Is it a good idea to now sell this and move that money into alt coins? or should I  sell half BTC and buy back in after alt season is finished?

What do you think?
If you have enough for Bitcoin then why not ?its yours so you are the one to decide what to do . But if you still trust Bitcoin that can reach 65,000$ this year then better stay them all on your wallet.
But if you have found a good altcoin and specially if those are Gems? then better to sell half of your bitcoin and maintain the other half for long term holding , I believe that the run is not yet over and there is more to come just trust and keep the faith.
because if you don't know which altcoin is best to transfer then why consider that action?
We can find more profit in this coin most specially if you are not in a need of funds so staying inside Bitcoin is the safest place and the profitable investments.









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March 11, 2021, 04:07:25 AM
 #26

So I bought BTC at £9000, made a nice amount. Is it a good idea to now sell this and move that money into alt coins? or should I  sell half BTC and buy back in after alt season is finished?

What do you think?
Why do you want to buy altcoins? Many do so because they are thinking on getting even more profits than what they get with bitcoin but this is not what happens most of the time, why risk losing your money when you are already invested not only in the best coin in the market but in the best performing asset of the last 10 years? It seems like a waste of time and money especially when it seems the bitcoin market is once again gaining momentum.
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March 11, 2021, 06:35:00 AM
 #27

Just hold your coins and if you have a spare amount of money then you should try to invest on other crypto.

There are a lot of opportunities in cryptocurrency and making the most of it is really profitable also if you handled it properly.

Time to sell BTC? It is hard to say it because all i know is that bitcoin's price will soon reach $100,000 and if that happens, that's still not enough to sell it.

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March 11, 2021, 06:50:33 AM
 #28

So I bought BTC at £9000, made a nice amount. Is it a good idea to now sell this and move that money into alt coins? or should I  sell half BTC and buy back in after alt season is finished?

What do you think?
From 12k huh. I use mainly USD as my basis in checking in how much I earned already even though my local currency is PHP.
That's quite a profit already, OP.
It's more than 30k already, but from how BTC seems to move right now, it casts that hodl spell into you right now so I suggest looking critically in the price for now.
However if you really need some money, I wouldn't suggest hodling further for obvious reasons.
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March 11, 2021, 07:30:35 AM
 #29

So I bought BTC at £9000, made a nice amount. Is it a good idea to now sell this and move that money into alt coins? or should I  sell half BTC and buy back in after alt season is finished?

What do you think?
don't be a greedy person you have already enough profit , from 9k you already earned multiple times so why hesitate to sell and Buy altcoins?
Check binance, litecoin and Polkadots , these 3 are the most promising and may take the rank 2 position from Ethereum as the continues High fee of this second highest coin is changing the views of investors and losing their faith.
Just make sure that you will not feel bitter once the value rise up more from your selling point because at many chances this happens again ang again and seller has nothing to do but cry.

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March 11, 2021, 07:39:41 AM
 #30

If you feel like you already had a big profit margin then I think that you need to consider selling, waiting for the right time will end up with you not knowing to stop hodling and not reaping the benefits of your investment in bitcoin, again only if you feel like selling then sell it. Other thing to consider is that do you really need the money for your daily expenses because if not then you might have no use for it for awhile and you might have grown it more if you didn't sell it.

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March 11, 2021, 08:13:29 AM
 #31

So I bought BTC at £9000, made a nice amount. Is it a good idea to now sell this and move that money into alt coins? or should I  sell half BTC and buy back in after alt season is finished?

What do you think?

Thats good profits and it is easy to feel the urge to sell your BTC now and take your guaranteed profits.

But we are in the middle of a Bull run and BTC is up 12% this week and now is not a good time to sell your BTC I feel most will agree. 


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March 11, 2021, 09:16:38 AM
 #32

So I bought BTC at £9000, made a nice amount. Is it a good idea to now sell this and move that money into alt coins? or should I  sell half BTC and buy back in after alt season is finished?

What do you think?

I think you can sell from a small amount of bitcoin and hold the rest until the price can reach the next higher price. But I don't think that using the money to buy the altcoin will be a good idea since many altcoins already increase. Perhaps, you need to wait for a while until the altcoins price gets a correction so that you can buy it at a low price. The altcoin season still happens, and I guess that the altcoin season will continue this year, and the bitcoin price will increase more than the price now. But selling your bitcoin now is a great idea since you are making a big profit from bitcoin. Or you can use that money to buy back bitcoin when the price is down and sell it again when the price reaches a high price.
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March 11, 2021, 09:26:51 AM
 #33

So I bought BTC at £9000, made a nice amount. Is it a good idea to now sell this and move that money into alt coins? or should I  sell half BTC and buy back in after alt season is finished?

What do you think?

You are asking us? All answers you will get will be to keep holding. What was your plan when you bought? Since you obviously entered Bitcoin to make profit if you are asking when to sell. Without having a clear plan and targets set then you can consider yourself lucky to have made this kind of profit.

My plan was to hold, which I did, I may take some profit and use that for Alt season. I don't know about lucky - if you buy and hold then sell at the right time you make money.

Holding a large percentage in bitcoin will help you when things go wrong. If you take all your profit and put it in altcoins you should know the risks involved. I am investing in altcoins but in a way that this won't be harmful to my total investment in this market. Any altcoin investment can easily go down 90%. Bitcoin when it reaches the top it can go down 80% but probably no more, unless it becomes completely useless. What I would do in your position is to take half out in cash. As I understand this, you entered to make more money, as everyone else. If you believe that cryptocurrencies will have a future, then you should hold your initial investment in it for longer. However, since the profit you've made is 4000% taking some back will mean you were successful with this trade.
By saying you got lucky, I meant that you entered the right time but not having a plan usually means trouble. You had the ability to see an opportunity that was there, but this is just half of it. The rest is making a plan and sticking to it.
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March 11, 2021, 09:31:12 AM
 #34

If you trust bitcoin you can just put it all still into it and hold it for long term. But it all depends on your decision. While it is still good to diversify your coin like selling half part of your btc and buy some potential altcoins, whatever your actions, yhe best thing is to manage them well and not too greedy if you reach your goal profit.
 
 Since you already made some profit from that then you can just use your profit to widen your investment.
But if OP doesn't have a clear time frame for what is long-term for him/her investment that could mean that OP might do something dumb that might destroy his/her possible big profit. My advice to OP is to make sure that you are in need of money for your daily life because you might miss out on a big jump and lose the chance to get more out of your bitcoin.

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March 11, 2021, 09:38:55 AM
 #35

So I bought BTC at £9000, made a nice amount. Is it a good idea to now sell this and move that money into alt coins? or should I  sell half BTC and buy back in after alt season is finished?

What do you think?

Thats good profits and it is easy to feel the urge to sell your BTC now and take your guaranteed profits.

But we are in the middle of a Bull run and BTC is up 12% this week and now is not a good time to sell your BTC I feel most will agree. 


I understand that kind of urge as I mentioned in my previous posts earlier, but now it seems like we might see another ATH soon.
Though I won't advise to keep on expecting that, but just like those gut feelings that one usually feels when he has been holding for years already.
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March 11, 2021, 10:31:30 AM
 #36

So I bought BTC at £9000, made a nice amount. Is it a good idea to now sell this and move that money into alt coins? or should I  sell half BTC and buy back in after alt season is finished?

What do you think?
It depends on many factors, no one will be able to answer this question for you.
I think you should sell it if you want and keep it if you don't need to sell it yet, don't listen to anyone's advice.


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March 11, 2021, 10:36:56 AM
 #37

If I were in your case I wouldn't be selling bitcoin at the moment unless I need money urgently.
The cryptocurrency market is becoming more and more popular and bitcoin is harder and harder to earn, I think in the future the price of bitcoin can continue to soar.
Of course this is just my opinion, the decision is entirely up to you.


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mezzaluna
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March 11, 2021, 10:52:22 AM
 #38

So I bought BTC at £9000, made a nice amount. Is it a good idea to now sell this and move that money into alt coins? or should I  sell half BTC and buy back in after alt season is finished?

What do you think?

That would be a great way to spread your investments. Nobody can really say on when the Alternate Season begun or even finished but having the idea on investing on different Cryptocurrencies is still a safe way to do but there will be risk that you need to keep in mind like when all of those investments crash down, will you have a back up plan? If you think that you can take that risk and you will be always alert on watching their values as time passes by.

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josgandosbro
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March 11, 2021, 11:06:16 AM
 #39

Mark place price any time to changen. So time is important for this process. Before investing the market place check the price day by day. Then invest it. Time to check the coin price. So time to buy and sell the coin on time. If price will be low that time hold and buy the coin then wait for the price increase. If price will be increased that time you sell it. So time to acct.

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March 11, 2021, 11:07:27 AM
 #40

If you trust bitcoin you can just put it all still into it and hold it for long term. But it all depends on your decision. While it is still good to diversify your coin like selling half part of your btc and buy some potential altcoins, whatever your actions, yhe best thing is to manage them well and not too greedy if you reach your goal profit.
 
 Since you already made some profit from that then you can just use your profit to widen your investment.

It's not about trust though. It's about belief. You have nothing to trust in Bitcoin except its code. And that may have little to do with the market price in the short term. I doubt most users and even less for buyers that they actually understand how precious and valuable Bitcoin's code is.

But if you belief that people will understand this more and more, then you know Bitcoin can only be valued more and more.

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