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Author Topic: Time to buy or sell?  (Read 1249 times)
Issa56
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February 17, 2023, 09:32:37 PM
 #21

I think you should just do your analysis and know if you are suppose to buy or sell, I don't think you should be waiting for people to tell you what to do. The best thing I think you can do now is just to buy bitcoin and hold for long term, that's the only advice I can give you, but if you are a trader, I think you will have to seat back and do your analysis carefully, don't seek for people's advice, you have to believe in yourself.

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February 17, 2023, 09:37:32 PM
 #22

Did everyone manage to sell when bitcoin hit $25,000? I didn't because I am for the long term. Although it's not going to hurt to take some actions and start selling when you think that you've got enough. Even though there are some times that we have to think if we're for a long term still, we need to make some short term profits. Well, I didn't do anything as of now and keep my holdings sitting because I think that it's more rewarding in the future just as what we've seen in the past.

If you are a long-term investor, then you should not be distracted by such a price change. At the same time, it is now a good opportunity to open a short from 25 thousand, as there is strong resistance here and this provides an opportunity to open a deal with a short stop loss.

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February 17, 2023, 09:49:01 PM
 #23

Are you a day trader? You can utilize every drop and rises to take profits by using future market trading. But if you are in the spot market in which is for short-term trading, I think that this activity is very risky. However, if you still don't really know the exact time to buy or sell based on the chart. Sometimes, there are certain conditions that we can take from the indicators, this will be seen that the market will probably rise up or continue dropping again or not. But this really needs a deep analysis because this is not really easy to do.

If you are a long-term investor, then you should not be distracted by such a price change. At the same time, it is now a good opportunity to open a short from 25 thousand, as there is strong resistance here and this provides an opportunity to open a deal with a short stop loss.
Yes, if our target is for long-term periods, this means that we don't really need to worry about market activities that are very volatile. As long as we buy the exact coins that have long-term probabilities, the one is Bitcoin. But if that is a small coin cap or new coins, it will not be worthy to hold them longer time

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February 17, 2023, 09:50:42 PM
 #24

Did everyone manage to sell when bitcoin hit $25,000? I didn't because I am for the long term. Although it's not going to hurt to take some actions and start selling when you think that you've got enough. Even though there are some times that we have to think if we're for a long term still, we need to make some short term profits. Well, I didn't do anything as of now and keep my holdings sitting because I think that it's more rewarding in the future just as what we've seen in the past.

If you are a long-term investor, then you should not be distracted by such a price change. At the same time, it is now a good opportunity to open a short from 25 thousand, as there is strong resistance here and this provides an opportunity to open a deal with a short stop loss.
^When there is a short resistance, it is really tempting to sell our crypto holding, just like what happened now, as we can see the market shows a small resistance and it seems the market was in color green at this moment. If you are a long-term holder, don't look at the market quite often because that will lead you to sell your coin at the early stage, wait for the new ATH will come and we all receive better rewards.
For now, the best thing that we can do is buy BTC in the DCA way so that there is a buying point if you wanted to buy BTC.
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February 17, 2023, 10:32:25 PM
 #25

Did everyone manage to sell when bitcoin hit $25,000? I didn't because I am for the long term. Although it's not going to hurt to take some actions and start selling when you think that you've got enough. Even though there are some times that we have to think if we're for a long term still, we need to make some short term profits. Well, I didn't do anything as of now and keep my holdings sitting because I think that it's more rewarding in the future just as what we've seen in the past.
I didn't see it reached $25k though and I caught up only the $24k-ish this time but I'm sure there are people who does sell their crypto though. A pump is a profit to them but not for me yet since it's not the right time to sell it yet, we both aim for the long term. Grin

This question should be asked when it was on $17k since we are in a bearish market and even this time it's not yet bullish enough to sell. I'd rather hodl them for long term and wait for the market to start the bull run but that's just it if you are a casual trader aiming for long term only. But if you are a trader then the story is different since you need to use your knowledge and experience in trading.

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February 17, 2023, 10:56:06 PM
 #26

Did everyone manage to sell when bitcoin hit $25,000? I didn't because I am for the long term. Although it's not going to hurt to take some actions and start selling when you think that you've got enough. Even though there are some times that we have to think if we're for a long term still, we need to make some short term profits. Well, I didn't do anything as of now and keep my holdings sitting because I think that it's more rewarding in the future just as what we've seen in the past.

If you are a long-term investor, then you should not be distracted by such a price change. At the same time, it is now a good opportunity to open a short from 25 thousand, as there is strong resistance here and this provides an opportunity to open a deal with a short stop loss.
+ when you are going for long term then it would really be that a bad idea on always looking on price chart or market condition because if you do see those negative news and to those red candles then you would really be having those kind of thoughts on selling out to cut your losses which is something that a very common approach or reaction and this is why its never been that recommended.
We know that there are short term fellas who do love to play with volatility. its not bad on having this kind of approach as long you could able to sustain and make profits then this what matter the most.
Buying and selling might really be that simple to hear off but its actually that hard when you are on the actual situation.

R


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February 18, 2023, 12:03:30 AM
 #27

I think if you are veteran holders you'd think dumping at that mark that is $25k would be your worst idea ever. but I guess some people make some good accumulation along the bottom of the current market and $25K is already fine target in their mind but honestly, it'd be better if you could hold it until at least it's above $30k because eventually it will reach that high you just need some patience.
but then again if you are investing for short term, the $25k mark earlier was indeed such good opportunity for flipping your investments but i'm sure in this month bitcoin could easily reach that pricing again rather quite easily.
moreover it might go beyond that price value.

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February 18, 2023, 12:31:21 AM
 #28

If you can trade with right timing then success will definitely come. I think it is better to trade in bitcoin because other coins tend to go up and down along with bitcoin. Alt coin discussions have more than one red signal if bitcoin shows a red signal. That's why I think it's best not to trade on alt sites. Investing and trading in Bitcoin is very profitable with very little chance of loss. But if you have to sell and buy over time, then there is a possibility of being successful.

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February 18, 2023, 01:45:46 AM
 #29

Regardless of any analysis you are referring to or getting some insights at some traders, be it buying or selling, it's really our own call. Those who say that will buy or sell have their own factors that are considered before making such moves. We don't have the same factors as each other that's why it's a subjective decision and only we can decide about it.

Based on how you looked at the given situation, try to form your own set of factors and decide later on what's the good thing to do.

The results will just be obviously known if it's good or not once we execute that decision. Good luck to you.
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February 18, 2023, 07:27:52 AM
 #30


Hello,
Thank you for your reply.
The short time? How long? How can I recognize this period?
Suppose you have invested at the current rates say $20k and hold it for long term which can be 4+ years with patience and then prices rise to $60-$70k so you can sell at that time but if you are asking for how long you should hold or when to sell then we can't tell you the exact timing for it so you have to make your own decision at that time.

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February 18, 2023, 03:29:19 PM
 #31

If you can trade with right timing then success will definitely come. I think it is better to trade in bitcoin because other coins tend to go up and down along with bitcoin. Alt coin discussions have more than one red signal if bitcoin shows a red signal. That's why I think it's best not to trade on alt sites. Investing and trading in Bitcoin is very profitable with very little chance of loss. But if you have to sell and buy over time, then there is a possibility of being successful.
today, if you are not confident in your trading capabilities, it is better to keep Bitcoin until the end of the year at least.  The scourge trend is just around the corner.  Of course, now is a difficult time and money is needed for life, but the state very closely monitors the income of citizens, including the circulation of cryptocurrencies.  Maybe bittix will make it possible to cash out without providing passport data.
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February 18, 2023, 04:21:58 PM
 #32

If you are trading, know that it is like you are gambling, trading is not gambling because with trading, you can use indicators and make some analyses to predict where the market is going. I noticed some altcoins like GRT, AGIX, FET, FSX and OCEAN to have increased significantly recently, even when bitcoin is not increasing. If you use the 4 hours candle stick, it is like the market may still decreased, but that depend on bitcoin too and indicator can fail. If bitcoin start another bull run, those coins can increase more, but slight decrease in bitcoin will result to massive decrease on those coins. But some traders will still prefer to sell it.
is the a mistake or you're trying to say gambling is like and at the same time not like trading.

Please clarify me and many others cause that's odd in a way, meanwhile I think any trader who sells when the is a decrease is either faced with financial constraint or is scared of the unknown.

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February 18, 2023, 09:29:32 PM
 #33


Hello,
Thank you for your reply.
The short time? How long? How can I recognize this period?
Suppose you have invested at the current rates say $20k and hold it for long term which can be 4+ years with patience and then prices rise to $60-$70k so you can sell at that time but if you are asking for how long you should hold or when to sell then we can't tell you the exact timing for it so you have to make your own decision at that time.
There is not assurance for the future price of this market, so its really advisable to have your own target and know what is the price for you to take profit and to cut the losses. The market can go on its peak again but only time can tell. Buying now might be a good option if you see cryptomarket to enter in the bull run next year, by doing this you are allowing yourself to get good coins at cheaper rate and personally, I prefer to buy more now.

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February 18, 2023, 11:18:35 PM
 #34


Hello,
Thank you for your reply.
The short time? How long? How can I recognize this period?
Suppose you have invested at the current rates say $20k and hold it for long term which can be 4+ years with patience and then prices rise to $60-$70k so you can sell at that time but if you are asking for how long you should hold or when to sell then we can't tell you the exact timing for it so you have to make your own decision at that time.
There is not assurance for the future price of this market, so its really advisable to have your own target and know what is the price for you to take profit and to cut the losses. The market can go on its peak again but only time can tell. Buying now might be a good option if you see cryptomarket to enter in the bull run next year, by doing this you are allowing yourself to get good coins at cheaper rate and personally, I prefer to buy more now.

One of the reason why they need to learn how to trade for theirselves so that they will not this basic question to anyone since they might not get the best answer since no individual can give us accurate answer regarding on when is perfect time to buy or sell. All given answer is generic or recycle one so we better learn fr ourselves to determine which best for us and we can set our target to execute buy or sell according to what we feel on how the market currently flow.

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February 18, 2023, 11:25:52 PM
 #35


Hello,
Thank you for your reply.
The short time? How long? How can I recognize this period?
Suppose you have invested at the current rates say $20k and hold it for long term which can be 4+ years with patience and then prices rise to $60-$70k so you can sell at that time but if you are asking for how long you should hold or when to sell then we can't tell you the exact timing for it so you have to make your own decision at that time.
It's not too late, we're still in that range right now.
This has been asked so many times here and my answer is always like this, there's no specific time for buying Bitcoin, you can purchase anytime you want, just hold and wait for your profit is all you need to do.  As long as you didn't sell at a low price where you purchase, it's fine.

It could be the best method of buying Bitcoin is the DCA and I tend to agree comment above, that could be your buying point every time when the price is low.

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February 19, 2023, 01:30:51 AM
 #36

One of the reason why they need to learn how to trade for theirselves so that they will not this basic question to anyone since they might not get the best answer since no individual can give us accurate answer regarding on when is perfect time to buy or sell. All given answer is generic or recycle one so we better learn fr ourselves to determine which best for us and we can set our target to execute buy or sell according to what we feel on how the market currently flow.

Yeap, what is good for one can be evil for some other. Understanding right personal time for buying and for selling is really important when making a plan on investing and trading, and that is one of a most hard things. For instance as for me I'm still learning how to do that. Probably I can do that better than I could in the very beginning but I paid for that experience with both some money and lots of anxiety (and still think I'm too far from being good in that Grin).

.
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February 19, 2023, 10:32:33 AM
 #37

One of the reason why they need to learn how to trade for theirselves so that they will not this basic question to anyone since they might not get the best answer since no individual can give us accurate answer regarding on when is perfect time to buy or sell. All given answer is generic or recycle one so we better learn fr ourselves to determine which best for us and we can set our target to execute buy or sell according to what we feel on how the market currently flow.

Yeap, what is good for one can be evil for some other. Understanding right personal time for buying and for selling is really important when making a plan on investing and trading, and that is one of a most hard things. For instance as for me I'm still learning how to do that. Probably I can do that better than I could in the very beginning but I paid for that experience with both some money and lots of anxiety (and still think I'm too far from being good in that Grin).
That's because not many people can understand our questions so we can all give different answers depending on our own experiences. And yes, we should try to find the answers we want based on the questions we have to get the answers we want.

And regarding the time to buy or sell, it will depend on how the market moves. If the market is what it is today, buying a little bit is fine while I wait and see what happens. If the price increases again after this, we can wait until the price can get another correction and decrease the price.

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February 20, 2023, 03:28:58 AM
 #38

That's because not many people can understand our questions so we can all give different answers depending on our own experiences. And yes, we should try to find the answers we want based on the questions we have to get the answers we want.

And regarding the time to buy or sell, it will depend on how the market moves. If the market is what it is today, buying a little bit is fine while I wait and see what happens. If the price increases again after this, we can wait until the price can get another correction and decrease the price.

It's just partly because of different experience, big part is based on that we are different in general: some like one things, some another, some have one character and some another. So our personal trading behavior is very dependent on the things which are not representing a market.

So if we talk about current state of affairs then we should ask if we want to trade or to invest. And I'd not buy for trading at the moment as I expect that bearish market is not over (I can be mistaken, so it is not an advice) and if I wanted to invest it is not bad time for long term buying — you can never catch a bottom so to buy not ATH is not a bad idea IMO.

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February 20, 2023, 08:24:55 AM
 #39

That's because not many people can understand our questions so we can all give different answers depending on our own experiences. And yes, we should try to find the answers we want based on the questions we have to get the answers we want.

And regarding the time to buy or sell, it will depend on how the market moves. If the market is what it is today, buying a little bit is fine while I wait and see what happens. If the price increases again after this, we can wait until the price can get another correction and decrease the price.

It's just partly because of different experience, big part is based on that we are different in general: some like one things, some another, some have one character and some another. So our personal trading behavior is very dependent on the things which are not representing a market.

So if we talk about current state of affairs then we should ask if we want to trade or to invest. And I'd not buy for trading at the moment as I expect that bearish market is not over (I can be mistaken, so it is not an advice) and if I wanted to invest it is not bad time for long term buying — you can never catch a bottom so to buy not ATH is not a bad idea IMO.
if you wanna be a hotshott in the crypto world, you gotta have some self-awareness and discipline. Know what you like and can handle, and only then should you make any decisions. And let's not forget to take a peek at what the markets doin' - are ya gonna trade or invest? Either way, if you wanna see som long-term gains, try scooping up those coins when they're cheaper than the top dogs. But hey, don't get too cocky - this crypto game is a wild ride, and there are no guarantees. Its like a box of chocolates, you never know what you're gonna get. So don't put all your eggs in one basket, buddyy. Diversify your portfolio and do yur own dang research. Keep up with the latest gossip, err, I mean news and trends, and don't put more in the pot than you can afford to loos. In the end, its all about havin a long-term mindset and bein willin to roll with the punches. Or in this case, the volatile and unpredictable crypto market.
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February 20, 2023, 09:29:52 AM
 #40

I think you should just do your analysis and know if you are suppose to buy or sell, I don't think you should be waiting for people to tell you what to do. The best thing I think you can do now is just to buy bitcoin and hold for long term, that's the only advice I can give you, but if you are a trader, I think you will have to seat back and do your analysis carefully, don't seek for people's advice, you have to believe in yourself.
A trader will not ask if to buy bitcoin or not, a trader will not ask because trading duration to open and close a trade is not of a long time, it can just be in some seconds, minutes to a day or some days. Only people that can ask such questions are most likely to be people that want to buy and hold for a long time. I too will advice him to hold just as it was in my previous post.


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