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Author Topic: Time to sell my BTC?  (Read 3627 times)
MinoRaiola
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April 05, 2021, 11:43:13 AM
 #221

You don't have to sell straight away, you can also buy with it. If there is a dealer who does not accept Bitcoin, then you can use the Conciergeservice.


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fauzan123
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April 05, 2021, 12:16:31 PM
 #222

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.

There is a lot of speculation considering the best time to sell. One thing is for sure; if you sold at the top, you did well. Now, looking forward, the cryptocurrency sphere seems to be recovering from its 2018 lows, having seen a recovery of more than 300% for Bitcoin’s all-time-low price.

This recovery may hint at an upcoming, new bull market that may increase the coin’s price to new highs, which could mean that selling at this moment may not be a good idea, but that’s up for you to decide.

However, i think also be facing a new drop in price, since the recent recovery was quite sudden and volatile in nature. In that case, selling right now would help you buy back later on.
Vishnu.Reang
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April 05, 2021, 12:51:35 PM
 #223

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)

The most intelligent decision to do now would be to cash out at least a part of the holdings. Almost all the investors are holding on to their coins, hoping to receive much better returns in the next few months. If that is not going to happen, then there will be a mass dump and it will crash the prices. The correction phase may last for a few months or even years. If you have the capability to wait for 2-3 years, then you can hold on to your coins. If that is not the case, then it won't be a bad idea to sell some of the coins now.
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April 05, 2021, 07:09:23 PM
Merited by Pokapoka124 (1)
 #224

I Have no bitcoin to know when i will sell Bitcoin or not, but I will like to know the actual time to buy and the right timr to sell, because right now I have no basic ideal when to buy, I believe with here I can learn very well concerning Bitcoin and other coins involves, the method of selling Bitcoin is difference from selling other coins.

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April 05, 2021, 07:39:45 PM
 #225

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)

The most intelligent decision to do now would be to cash out at least a part of the holdings. Almost all the investors are holding on to their coins, hoping to receive much better returns in the next few months. If that is not going to happen, then there will be a mass dump and it will crash the prices. The correction phase may last for a few months or even years. If you have the capability to wait for 2-3 years, then you can hold on to your coins. If that is not the case, then it won't be a bad idea to sell some of the coins now.

It is a good time to take profits but if you do it and the market rises to $90000 you will have made a very bad choice, a lot of institutional investment is waiting for the price to rise, you have to take into account your need to withdraw some profits, the news that are dating are positive.
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April 06, 2021, 12:25:26 PM
 #226

see now the price of BTC has increased very high, if you think you have gotten a profit, my advice is to sell now and wait until BTC corrects and buy at a low price. don't be too pushy to hold if you really need money. enjoy and use bitcoin casually
Vishnu.Reang
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April 06, 2021, 12:29:35 PM
 #227

It is a good time to take profits but if you do it and the market rises to $90000 you will have made a very bad choice, a lot of institutional investment is waiting for the price to rise, you have to take into account your need to withdraw some profits, the news that are dating are positive.

Right now the problem is that everyone expects Bitcoin to rise. But let's not forget the fact that the prices have already rallied by 500% during the last 6 months. Till now, we didn't had a major correction. I would naturally expect a major correction, when the prices rise by this much in such a short duration. That's the reason why I posted that selling a part of your coins won't be a really bad idea right now.
Issa56
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April 06, 2021, 09:06:22 PM
 #228

With the little experience am having I believe this is the best time to buy bitcoin and not to sell I believe bitcoin price is still very low and is better you accumulate more bitcoin there are lots of people that have being saying bitcoin price is high and dey are giving advice to people to sell there bitcoin. Serious bitcoin price will pump massively in the next few months to come and people that are planning to sell or people that sold already will definitely regret why they sell there bitcoin so early.

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April 11, 2021, 07:52:16 PM
 #229

Actually bitcoin is that position that you can sell or buy more. Totally depend on you . Because bit coin will rise more . So if you can hold hold it for long time, but you can not hold it for long time can sell it right now.

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April 11, 2021, 11:35:07 PM
 #230

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)

The most intelligent decision to do now would be to cash out at least a part of the holdings. Almost all the investors are holding on to their coins, hoping to receive much better returns in the next few months. If that is not going to happen, then there will be a mass dump and it will crash the prices. The correction phase may last for a few months or even years. If you have the capability to wait for 2-3 years, then you can hold on to your coins. If that is not the case, then it won't be a bad idea to sell some of the coins now.

I think you should take out "intelligent" (No disrespect meant). You can never truly tell an intelligent decision until the result is out. I'm not saying that we should or shouldn't cash out part of our holdings. But wait, what if I cashed out an then, BOOM! The headline reads that BTC just went 100% up? At that point, you can't really count my move as intelligent but "Cautious". What I advise is that we make cautious moves. But then, remember that without risks, nothing is achieved. TY



 

 

 

 

 

 


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April 12, 2021, 01:08:09 AM
 #231

Actually bitcoin is that position that you can sell or buy more. Totally depend on you . Because bit coin will rise more . So if you can hold hold it for long time, but you can not hold it for long time can sell it right now.
if you want to buy now for bitcoin, it doesn't matter, we know the price is high and of course you need enough capital if you want to buy. still, even though you buy at a high price, it will still be profitable.

but if you have had bitcoin for a long time to sell it is also not a problem because it has made a big profit, but if it is better to wait until the price reaches ATH at the end of the year.

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April 12, 2021, 01:59:22 AM
 #232

Seeing the current price of bitcoin, you can sell now if you want to protect some part of your capital and buy on the correction point of bitcoin. Many people are still wanting BTC to break out and reach the 66k.
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April 12, 2021, 07:35:51 AM
 #233

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

What do you think?

Diversifying your portfolio by simply allocating a portion of your BTC to Altcoins is actually a good idea to balance risk and reward in your investment portfolio. In that way, big losses will be avoided when things went wrong and you won't regret selling most of your BTC in the future. Moving a portion of your BTC to buy another asset on alternative coins is really a good move for you.

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