irhact
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September 17, 2023, 09:09:09 AM |
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A simple question to those who are hoping to profit on the next Bitcoin bull-run: How do you determine when is the good time to sell? in other words: how would you know we've reached the peak?
I have already made a decision to sell when bitcoin gets to $150k in the next bull market and from what I have understand from other bull market, the price of Bitcoin gets to the highest price before the year ends and it'll be after halving therefore if $150k can be reached any month in 2025 which is when I expect the bull market to be in it's peak then I'll sell all my bitcoin and hold cash while I wait for the next bear market to come before I can buy through DCA again. What I'm doing now is accumulating through DCA and I don't mind the condition of the market. I have tired holding before through the bear market but I'm not at peace so to avoid having same experience in the next bear market, I'll sell and be buying during the bear market.
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Dr.Bitcoin_Strange
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September 17, 2023, 01:43:18 PM |
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I have set my goal to sell some part of my bitcoin assets by the second quarter of 2025 that's when I deem fit that the crypto space will be experiencing a bull run by then. Whatever price I see by then, I feel like if I have gotten the profits I desire from Bitcoin investment, nothing stops me from selling some part of my Bitcoin. The rest of the bitcoin not sold will be kept by applying a DCA strategy to it From history, Bitcoin is known to have two seasons or market types: the bear market and the bull market. During the bull market, most people sell and take profits, while in the bear market, a lot of investors, both old and new, usually buy and hold. Your assumptions might be right that Bitcoin will become bullish during the second quarter of 2025, but it might not also be in that second quarter. Even if it doesn't become bullish by then, you just need to hold your asset until the bull market finally comes. Even if you sell a fraction of your Bitcoin, you don't need to sell a lot because the bull market usually comes so gradually before it really shoots up, and if you are so quick to sell during the early phase of the bear market, you will only make less profit compared to if the market were so bullish like it was in the last ATH.
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Dickiy
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September 17, 2023, 02:07:21 PM |
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I have set my goal to sell some part of my bitcoin assets by the second quarter of 2025 that's when I deem fit that the crypto space will be experiencing a bull run by then. Whatever price I see by then, I feel like if I have gotten the profits I desire from Bitcoin investment, nothing stops me from selling some part of my Bitcoin. The rest of the bitcoin not sold will be kept by applying a DCA strategy to it From history, Bitcoin is known to have two seasons or market types: the bear market and the bull market. During the bull market, most people sell and take profits, while in the bear market, a lot of investors, both old and new, usually buy and hold. Your assumptions might be right that Bitcoin will become bullish during the second quarter of 2025, but it might not also be in that second quarter. Even if it doesn't become bullish by then, you just need to hold your asset until the bull market finally comes. Even if you sell a fraction of your Bitcoin, you don't need to sell a lot because the bull market usually comes so gradually before it really shoots up, and if you are so quick to sell during the early phase of the bear market, you will only make less profit compared to if the market were so bullish like it was in the last ATH. Well these two market cycles will continue to repeat and I will quote a little conclusion that only those who can HOLD longer until reaching the last ATH can get maximum or even significant profits. Well that might happen in the second quarter of 2025 but it is also very possible not to happen because it is very difficult to be able to ascertain what will happen in a certain period on bitcoin itself. Well that's true even if things don't go according to our initial prediction of when the bullish highs will occur, I think there is nothing wrong with you waiting a little longer, I'm sure you want to make a big profit rather than selling all your bitcoins too early at a price that is just starting to rise (just starting and not too significant). Yes that's right, as you said it's better to be a little patient. On the other hand nothing forces them to sell too early except fear, and for that yes maybe it will come back to their decision, but still I would suggest that if you are very confident in the bull market phase then you can continue to hold it until the time comes and make significant profits there.
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Kamasylvia
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September 17, 2023, 02:12:55 PM |
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There is truly no right answer here. I have seen costs are lower promptly in the first date of the month and the prices is always begin to fluctuate. Nobody really know the best time for selling your crypto assets. Just you chooses and gets ready for the unusual outcomes in the process of making a transaction
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fzkto
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September 17, 2023, 02:49:08 PM |
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A simple question to those who are hoping to profit on the next Bitcoin bull-run: How do you determine when is the good time to sell? in other words: how would you know we've reached the peak?
I have already made a decision to sell when bitcoin gets to $150k in the next bull market and from what I have understand from other bull market, the price of Bitcoin gets to the highest price before the year ends and it'll be after halving therefore if $150k can be reached any month in 2025 which is when I expect the bull market to be in it's peak then I'll sell all my bitcoin and hold cash while I wait for the next bear market to come before I can buy through DCA again. What I'm doing now is accumulating through DCA and I don't mind the condition of the market. I have tired holding before through the bear market but I'm not at peace so to avoid having same experience in the next bear market, I'll sell and be buying during the bear market. You have a good strategy. It is really better to buy coins now, because in a few years there might be a new bull run. But I'm not sure it will be 150k. Usually after halving the price always started to rise, but no one knows to what marks it can happen. With each cycle the increase becomes less and it is possible that next time the price will not increase much.
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barisbilgili
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September 17, 2023, 03:44:52 PM |
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The problem with us humans is that we like to copy what others are doing, you here someone doing the DCA strategy we want to jump on it, we watching several whale wallets and the second coins move we also think that's the signal to sell...
Tbh if we want to survive the crypto markets, we need to find what works for us and for me I believe if you bought or caught a low you should sell at a premium when everyone is talking about the bull run, better yet use technical analysis to determine when to buy and when to sell and this way you get better ROI than waiting for an ATH or something.
What strategy works for other may or may not works for me. That's why its best to create your own strategy and that can created only after you spend time and effort exploring the crypto market. What I have learned from my experience is that there is no way we can predict the future price of bitcoin. Accumulate Bitcoin when you think its best and don't hesitate in selling whenever you are getting adequate profit. TA/FA are good things to follow but also fail very often in volatile crypto market. Everyone has a different way of doing something whatever they do, you are right it could be the way that people do and it works and we cannot use this method for ourselves personally because everyone has different luck. Choosing to continue learning from people who are experts in this field and have this experience will make us better understand when is the right time to buy or sell it and we must set targets that we want to achieve so that we stick to the targets we have set.
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Greyhats
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September 17, 2023, 03:49:46 PM |
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I have a selling strategy with all my investments and it really centres around retirement. It’s with all the other stuff and it’s solely to be used as income until other age restricted things come into play.
Assuming we stay in the cyclical nature of btc will do a little bit of selling in 2029, to hit a certain fiat target. Then every 4 yrs in the “usual” ath year will sell a bit more.
I’m kinda lucky I have an established investment portfolio, if things play out the way I expect Btc will enable me to live a bit larger when I retire ( well before actual retirement age in my country ).
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Mr.right85
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September 17, 2023, 04:15:04 PM |
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How do you determine when is the good time to sell? in other words: how would you know we've reached the peak?
There is never a specific time to make sales. It’s not like the market has a point where it just pause or holds. Recall. The ATH of 2016 has been long beaten by that of 2020 and the ATH of 2020 isn’t where we are expecting the next bullrun to maintain. That’s to say, even the ATH that might be resulted as a result of the expected bullrun of 2024/5 should it play out as we hope, it’s not going to be hooked up at $69k. A range just above that would be the place to hope for and even at that, we could possibly have yet another come next bullrun and the bullrun of 2024/5 would not serve. This promotes the idea that there isn’t a specific time to sell. Do you have a set "goal" price at which you'd be selling no matter what happens? Do you intend to sell incrementally as the price goes up? Or maybe when the price gradually drops (e.g. it goes down for X days in a row), indicating we're past the peak?
The most sensible thing to do is sell when the need arises and make sure your in profit. If I weee to take a page out of what your projecting, it would be well when it starts to dump as, you can’t confidently speculate on the peak but, don’t get to exhaust your portfolio.
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henmark
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September 17, 2023, 04:48:09 PM |
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Do you have a set "goal" price at which you'd be selling no matter what happens? Do you intend to sell incrementally as the price goes up? Or maybe when the price gradually drops (e.g. it goes down for X days in a row), indicating we're past the peak?
I have set my goal to sell some part of my bitcoin assets by the second quarter of 2025 that's when I deem fit that the crypto space will be experiencing a bull run by then. Whatever price I see by then, I feel like if I have gotten the profits I desire from Bitcoin investment, nothing stops me from selling some part of my Bitcoin. The rest of the bitcoin not sold will be kept by applying a DCA strategy to it It's all about reaching your financial goals and desires and the approach you are talking about is exactly what everyone should practice so that they don't miss an opportunity. If I have bought Bitcoins worth $500 when it was priced at $25k and when I see I'm getting $1.5k for my Bitcoins, I will probably sell 50% of it so that I get my initial capital and some profits on top of that, and I will hold the remaining balance to see if the price goes up more or not. If I see the market is declining, I will probably sell the remaining Bitcoins as well so that I don't get my profits cut down, but if the market keeps going up, I will also sell them in portions as you said so that I keep getting more profits as the market moves forward, that's how it should be for everyone.
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ScamViruS
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September 17, 2023, 05:39:52 PM |
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No one knows what Bitcoin's next ATH will be, so if someone wants to sell, they have to guess and figure out a selling price. Because here everyone wants profit so if a certain amount of profit can satisfy someone then it is their own strategy. Bitcoin is a life changer, Bitcoin can change an investor's life as we have seen in past bull markets. So the most important thing here for me is that I haven't set any target yet, so I think about taking decisions based on market conditions.
You don’t need to make a guess before you sell, all you have to do is to set-up your target price and make sure that you are happy with the profit because you cannot chase the market always and you have to sell in order to satisfy yourself. Buying and selling is easy, and it will always depend on your choice and contentment, if you are happy with a 20% profit then so be it, don’t aim for a high one because it might not happen. When a bull market starts, an emotion works in everyone to book more profits, and this is where many traders cannot control their emotions. As I said before I think about making decisions based on market conditions. Everyone has a different strategy now it depends on the person how to use his strategy. Bitcoin's next ATH cannot be predicted right now so setting any target now is not a good decision. But yes, any amount of profit is satisfying for those who consider profit as the main thing, then he can sell his bitcoins to any target if that trade is in profit.
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jaberwock
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September 17, 2023, 06:54:32 PM |
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No one can know what is the lowest low of this bear season and no one knows what is the highest peak of bitcoin in the upcoming bull season. Therefore, selling according to the goals you have set is the best thing. I have also set a target for my investment and I will only sell when bitcoin reaches that target, and $100k and $150k are my goals. I will sell half when bitcoin reaches 100k$ and the rest will only sell when it reaches 150k$. But if in case bitcoin cannot reach that level, I will continue to hold bitcoin until another bull season comes. I have enough time to play long term with bitcoin ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) . I think we already have the lowest low last year. This year seems a recovery of the bear so I don't think we can experience a hard dump. As for the highest peak, they say it was $100k. After that, it may take a long time again for us to experience a new all-time high. Each of us has their own goals and it's not always when there is a new All-Time-High. Sometimes we might also need a money so we can sell earlier than our expected time. I think it's okay to sell all because we can still buy when the price dips again, and doing so can only maximize the profits that we can get. Investing is not time-taxing so it's no surprise if you can say that you have lot's of time doing it.
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Renampun
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September 17, 2023, 09:24:57 PM |
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A simple question to those who are hoping to profit on the next Bitcoin bull-run: How do you determine when is the good time to sell? in other words: how would you know we've reached the peak?
Do you have a set "goal" price at which you'd be selling no matter what happens? Do you intend to sell incrementally as the price goes up? Or maybe when the price gradually drops (e.g. it goes down for X days in a row), indicating we're past the peak?
It is almost impossible for us to accurately predict the peak price of Bitcoin this year, even in previous years this has always been the case. Therefore, I support the opinion of some people who say that the peak in Bitcoin prices is just speculation (market sentiment and politics are quite influential) and is more personal. However, the thing that continues to be used as a benchmark by Bitcoin observers is the halving, usually before the halving the Bitcoin price will increase drastically (we can also use this benchmark as a consideration to sell)
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Stella Mese
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September 18, 2023, 03:08:12 AM |
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The right time to sell is of course very difficult to predict because we won't know until the BTC price rises, so in selling I will use the DCA system and gradually, and I think using the DCA system is a good way to do it. sell BTC because if you don't use the DCA system I'm afraid all BTC won't be sold. and I also in selling will look at the market situation and news.
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Sebas.tian
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September 18, 2023, 03:32:57 AM |
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Do you intend to sell incrementally as the price goes up?
Once I discovered that the price has changed from bearish to bullish season, it show that the market is looking good for me to get something good from my investment by releasing my crypto to the market. We have been experiencing a long bearish market in the community, and many traders are waiting for the green light to be constant in the market for the price of Bitcoin to hit back $50,000 because that is the target of many traders before they can start trading their Bitcoin to prepare ahead for another bearish to come. If you trade your coins in this bearish season, it will not help you to enjoy massive income from your investment because bearish season is still on ground for traders to exercise patience for bullish season to appear.
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martinex
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September 18, 2023, 04:56:38 AM |
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A simple question to those who are hoping to profit on the next Bitcoin bull-run: How do you determine when is the good time to sell? in other words: how would you know we've reached the peak?
Do you have a set "goal" price at which you'd be selling no matter what happens? Do you intend to sell incrementally as the price goes up? Or maybe when the price gradually drops (e.g. it goes down for X days in a row), indicating we're past the peak?
The current phenomenon is that the BTC price position is still sideways. Investors may become too optimistic when there is an increase or panic when the price falls, resulting in impulsive decisions. Well, regarding Market Timing I think it is not easy and a bit very difficult and if you notice even experienced investors have difficulty predicting price peaks accurately so and if one makes a wrong move it leads to missed opportunities or premature selling. Personally, now is not the time to sell and HODL is better because the long-term potential of BTC investment is very large and those who try to play short are in vain in the end.
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pawel7777 (OP)
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September 18, 2023, 08:54:30 PM |
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After the price reaches $80k, there will be another correction if the price is unable to break through the higher price. And that has happened often. We just have to observe how the Bitcoin price moves.
If the market is dominated by retail and primarily driven by psychological factors (i.e. investors' mood) then yeah, we might see a correction (if not crash) if the price fails to go significantly above the old ath. But if institutional investors enter the game via ETFs, that could be a game changer and we could see a more panic-resistant market.
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GeorgeJohn
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September 18, 2023, 09:11:45 PM |
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I don't if I have responded In this thread before, but it's obvious that a good investors knows when to sell and when not sell it coin, because during investment of any you will have a budget and also a target so that when the market skyrocket to bullrun then you will know the exact time to sell, but when you don't have the exact time to sell that means you doesn't have a target of selling your bitcoin as well, because what deceived some people is they think that bitcoin price will be going up, secondly greediness is another thing that makes some people not sell their coin.
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serjent05
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September 18, 2023, 10:40:34 PM |
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I don't if I have responded In this thread before, but it's obvious that a good investors knows when to sell and when not sell it coin, because during investment of any you will have a budget and also a target so that when the market skyrocket to bullrun then you will know the exact time to sell, but when you don't have the exact time to sell that means you doesn't have a target of selling your bitcoin as well, because what deceived some people is they think that bitcoin price will be going up, secondly greediness is another thing that makes some people not sell their coin.
I agree, a good investors always have a target selling price. He will not just invest and just go with the flow. Good investors knows the basic of investing and trading like the idea of buy low, sell high, and they also study the movement of the market of their investment. So they project a reasonable target selling price and not just any unrealistic price speculations. Wise investors make use of the time very well and always want to repeat the profit they made. So they tend to invest during the bear market and sell at the bull market. Then re-enter the market when the market situation goes back to being bearish.
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GeorgeJohn
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September 18, 2023, 10:54:56 PM |
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I don't if I have responded In this thread before, but it's obvious that a good investors knows when to sell and when not sell it coin, because during investment of any you will have a budget and also a target so that when the market skyrocket to bullrun then you will know the exact time to sell, but when you don't have the exact time to sell that means you doesn't have a target of selling your bitcoin as well, because what deceived some people is they think that bitcoin price will be going up, secondly greediness is another thing that makes some people not sell their coin.
I agree, a good investors always have a target selling price. He will not just invest and just go with the flow. Good investors knows the basic of investing and trading like the idea of buy low, sell high, and they also study the movement of the market of their investment. So they project a reasonable target selling price and not just any unrealistic price speculations. Wise investors make use of the time very well and always want to repeat the profit they made. So they tend to invest during the bear market and sell at the bull market. Then re-enter the market when the market situation goes back to being bearish. Actually your right because their is no investors that will invest that doesn't scrutinised the market, as we investors you most target when the market is low and when the market is higher, so therefore what us to understand is the going to invest you most have a plan and that plan most be something you have observed very well before doing anything. So selling low when you purchased at higher rate is a total loss to the person, that is while every investors is targeting high.
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JoyMarsha
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September 18, 2023, 10:59:23 PM |
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Do you have a set "goal" price at which you'd be selling no matter what happens? Do you intend to sell incrementally as the price goes up? Or maybe when the price gradually drops (e.g. it goes down for X days in a row), indicating we're past the peak?
I have set my goal to sell some part of my bitcoin assets by the second quarter of 2025 that's when I deem fit that the crypto space will be experiencing a bull run by then. Whatever price I see by then, I feel like if I have gotten the profits I desire from Bitcoin investment, nothing stops me from selling some part of my Bitcoin. The rest of the bitcoin not sold will be kept by applying a DCA strategy to it It's all about reaching your financial goals and desires and the approach you are talking about is exactly what everyone should practice so that they don't miss an opportunity. If I have bought Bitcoins worth $500 when it was priced at $25k and when I see I'm getting $1.5k for my Bitcoins, I will probably sell 50% of it so that I get my initial capital and some profits on top of that, and I will hold the remaining balance to see if the price goes up more or not. If I see the market is declining, I will probably sell the remaining Bitcoins as well so that I don't get my profits cut down, but if the market keeps going up, I will also sell them in portions as you said so that I keep getting more profits as the market moves forward, that's how it should be for everyone. When a goal is established, a plan is created to gradually bring it about. It may take some time to complete, but if you are completely focused and make the appropriate strategies, you may realize that you have already completed some of your goals. I'm glad to see that you are aware of bitcoin's volatility and are taking appropriate action to profit when the market moves in an upward and downward direction. Maintain it as you acquire and sell bitcoins to generate profits for yourself
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