777Jolami
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April 03, 2021, 11:47:10 PM |
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Sell a little by little if you don't need much money.
You take the profit and you still keep some bitcoin in your possession. Until the price goes high, you rinse and repeat that strategy so every up, you get to sell bitcoin at good prices.
But it's best if you have left a portion for long term hold.
You are putting it all in bitcoin. Even though the value of bitcoin is at a high level and it has yet to show signs of going down. Congratulations on making a good profit with this great decision. Especially in this situation, my treatment would be to sell 30% to future altcoins in the form of Link, Dot. Dot has made efforts to change the new ATH and is highly regarded as the version of ETH in the future. While Link has creativity, mutations are a giant store of energy to explode.
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carlfebz2
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April 03, 2021, 11:55:10 PM |
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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?
What are the alts you've been planning to put those profits that you had gained in BTC? Its good that you had able to buy into those low levels and considering on the current price then you had really make some nasty profits on there. Risk management what matters here because not all would have the same thinking about their investment.If you do look that there are some coins which are worth to invest on then go ahead.As long you are aware with the risk on investing on alts then its a good thing. Sell your btc while price is still on peak and dont waste up that opportunity.
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plexasm
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April 04, 2021, 12:38:51 AM |
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If this exchange will incur a tax liability you are purely insane to consider selling. Unless you want to buy a house/car whatever. (but then just borrow against it) selling btc, paying tax, and buying another asset is pure stupidity
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plexasm
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April 04, 2021, 01:01:53 AM |
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especially we are seeing the altcoin dominance in the marketplace that is an indicator that we are now in the alt season.
those around in 2017 know that we are hardly in an alt-season. the bitcoin dominance metric has become largely meaningless because there's so many new coins being added to the index, serving as inflation for the altcoin dominance
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musafar37
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April 04, 2021, 04:49:20 AM |
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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 your investment is $ 9000. So sell bitcoin and withdraw your investment, you can take profit from it, if you want because the price of Bitcoin is making history. You can hold the rest.
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Chato1977
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April 04, 2021, 04:52:29 AM |
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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?
Wait , But How much Bitcoin Have you Bought ? because what you mentioned is the value of Bitcoin and not how much have you purchased? If you only Bought small amount then Why rush ? Just let it there in your wallet for a couple of years more . It will be safer the longer you have. especially we are seeing the altcoin dominance in the marketplace that is an indicator that we are now in the alt season.
those around in 2017 know that we are hardly in an alt-season. the bitcoin dominance metric has become largely meaningless because there's so many new coins being added to the index, serving as inflation for the altcoin dominance There is No such thing as "Alt Season" , that is the Biggest Joke i ever heard. The 2017 bubble is Manipulated and not like this year in which we are in Real Market value.
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mamesso
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April 04, 2021, 06:34:57 AM |
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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 must have a clear goal before selling it, Understand and consider the return you want from investing in bitcoin. These considerations will give you idea when you want to determine the best price to sell it. Understanding and careful consideration will be the right guide when you make a strategy. If the profit you get has reached the point you are targeting, You can sell half of the assets you have, and you can prepare back the money you had whiled the correction was taking place.
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GeorgeJohn
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April 04, 2021, 08:06:37 AM |
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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?
No time you sell your Bitcoin is waste because keeping the coin will be more preferable than selling at this point, even purchasing alternative coins is another tangible plan which can equally lead you into profit if really you purchase the one that within interval of three month's it can come up to the market, but as a beginner I think the Best option is to transact with Bitcoin, which is buying Bitcoin and hold for future purpose, looking at Bitcoin from another perspective its quite understood that Bitcoin don't have a fixed price, which the coin purchase today with $100, within some months the value of the coin will no longer be affordable with such amount, so coins is good to buy and hold.
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Darkelf11
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April 04, 2021, 01:48:31 PM |
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I guess OP made a pull out already because of its latest All-time high but I guess it's too hard a decision because this time there's speculation for another all-time high and just the bitcoin takes a lot of corrections but too hard to say that the bitcoin will reach more price than the existing right now it's too hard to predict the market price if you have a strong hand and trust to the bitcoin there's a chance you will get more than this. There's another coin that can help to double your profit right now.
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online73
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April 04, 2021, 03:54:13 PM |
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Hello. My opinion is that Bitcoin is not worth selling at all, at least most of it. As trite as it sounds, it is a super-asset that can explode in price in a matter of minutes. Bitcoin - now and Bitcoin of 2017 - are different coins. Now famous people and funds are actively investing in it, with a fixed amount of this asset, it will not be enough for everyone. I am sure that the price of Bitcoin will surprise us more than once, both by going down and by frantic ups. It sounds like a hamster philosophy - but I don't want, having sold Bitcoin for 60K today, wake up tomorrow and find the price of 160K, 560K .Good luck everyone.
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blockman
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April 04, 2021, 04:13:31 PM |
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I think your investment is $ 9000. So sell bitcoin and withdraw your investment, you can take profit from it, if you want
That's a very short run if he has to sell it right now but still, if you make a profit, that's a profit. because the price of Bitcoin is making history. You can hold the rest.
He can sell and get back his capital if he wants to have it and don't touch the remaining amount as he withdraws.
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iTradeChips
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April 04, 2021, 07:47:56 PM |
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As far as I am concerned I would recommend that you hold for a little longer. I think this is not yet the right time to reap your profits - provided you only invested a very small amount of money. I mean several hundreds of dollars worth of bitcoin should give you a decent amount, but not enough to cover you for a long time. But if you have invested very big then by all means, try to reap the profits and then reinvest again once there is a dip. I would think that you will be able to secure so much money out of it.
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bosede1
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April 04, 2021, 08:04:05 PM |
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This depends on the purpose for buying this bitcoin in the first place with the amount you claimed that you purchased, if the reason is to sell immediately to buy other altcoins so be it but I think you should be wise in any decision you want to make as regards this the final decision is what do you want because this is your money.
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francois-cooper
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Your Data Belongs To You
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April 04, 2021, 08:06:28 PM |
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The good signal to sell your BTC is when you will see a weekly M on the chart.
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Wawa2013
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April 04, 2021, 08:07:04 PM |
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I highly recommend selling Bitcoin according to the targets that we each set, because I believe everyone has a different target. Because the Bitcoin price will definitely continue to rise this year, so if the Bitcoin price hasn't reached the target we set. Don't panic and just HODL our Bitcoin, because the target we set will definitely be achieved seeing Bitcoin's extraordinary performance this year. Then the good news about Bitcoin did not stop coming, so the price of Bitcoin should be able to go up much higher than its current price.
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sapnu
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April 04, 2021, 08:08:15 PM |
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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 must have a clear goal before selling it, Understand and consider the return you want from investing in bitcoin. These considerations will give you idea when you want to determine the best price to sell it. Understanding and careful consideration will be the right guide when you make a strategy. If the profit you get has reached the point you are targeting, You can sell half of the assets you have, and you can prepare back the money you had whiled the correction was taking place. Absolutely, if you have nothing important to do with the profit that you can get, why sell it when there's a big chance that your holding will grow more as time passes by. We already know that bitcoin itself is profitable, just look at the market as of now, even the altcoins are getting higher in terms of value. But it depends on you if you really want to sell it just hold it for some time. You should make a good decision when it comes to selling your BTC, you might end up regretting that afterward. That is somehow better if you only sell half of your assets just to make sure your capital is safe and make the other half grow as it grows with bitcoin's price.
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oktana
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April 04, 2021, 11:55:03 PM |
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Sounds more like short term investment if you decide to cash out now. But, if you want to earn possibly about 10× what you have made, you can still hodl for long term. Because Bitcoin is recognized on a daily which keeps pushing it up. Anyways you story sounds Like a win win situation (irrespective of what move you make)
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killerman2
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April 05, 2021, 01:06:14 AM |
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I think in this rally when cryptocurrencies supply already surpass 3 trillion, no one should sell btc. Wait for little gain l,make some profit and then sell it. 70k is my goal where we can say that you can sell your Btc and small crash may be happen.
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Myleschetty
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April 05, 2021, 06:41:03 AM |
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I would say neither, its bad to sell when the bull cycle is far from over. With Paypal making Bitcoin available for buy and sell and big corporations flooding their money into Crypto Market. I would say HODL for a little bit be patient cause the rewards can be much greater if you manage to hold out this year.
Yes, selling when the bullish market circle is yet to be over is not good advice but if the investors were among those that bought when the price of the market was around $6000 there's no problem in selling now because tomorrow are not promise cause don't the next trend the market will pose.
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CryptocurencyKing
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April 05, 2021, 08:45:05 AM |
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Its always up to you what to do with your bitcoin and should you feel you've made enough profit and your okay with it, then by means you should sell but, just a portion of it. Bitcoin isn't a currency you just sell, you should sell with a purpose and selling bitcoin with the sole purpose of buying altcoin doesn't feel so good with me. I barely agree to that fact even if, it seems to be a season for altcoin. Its of note that, altcoins depends on bitcoin for its growth often and as such, its the events in the bitcoin market that plays out also in the altcoin market. It is an investment for sure but, selling bitcoin to buy altcoin don't sound okay to me.
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