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Author Topic: Good time to sell?  (Read 1103 times)
virasog
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September 18, 2023, 11:51:35 PM
Last edit: September 19, 2023, 03:13:01 AM by virasog
 #101

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.

Right now we should not think of selling.
This is the time of buying bitcoin as bitcoin is well under its price of the all time high. This is why people need the knowledge when they come in financial markets to either trade or invest in bitcoin.

For me, I will plan and think to sell when we reach all time high again or make new highs. Believe me, if you buy bitcoin at around 26-27k and sell it at 30k, you might be happy making a few hundred dollars but you will miss the big moves as the bull market first phase is very near now.
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September 19, 2023, 05:36:57 AM
 #102

Right now we should not think of selling.
This is the time of buying bitcoin as bitcoin is well under its price of the all time high. This is why people need the knowledge when they come in financial markets to either trade or invest in bitcoin.

For me, I will plan and think to sell when we reach all time high again or make new highs. Believe me, if you buy bitcoin at around 26-27k and sell it at 30k, you might be happy making a few hundred dollars but you will miss the big moves as the bull market first phase is very near now.
Current market condition still drop I think right with your opinion right now is not worth time for selling cryptocurrency assets but moment for us buy back and as much possibility accumulate with potential altcoin. Don't forget with investing in Bitcoin because price still drop under $27,000 and yesterday success wake up drastically from $25k to be $27k. I have long term planning during Bitcoin price under $30k can't stopping for re investing as much possible depend with my financial condition, its become my saving with bitcoin than spent or hold my money in the bank without get increasing up forever than how much profitable earn trough investment in Bitcoin.

For awhile is not moment to sell our investment assets and keep hold it until Bitcoin and altcoin back to the top price when halving time are closing forward.

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September 19, 2023, 08:19:51 AM
 #103

The right time to sell bitcoin, bitcoin holders must have their own target at what price we sell at when the bull market arrives, many influences in various countries predict $100k is the same as $150K, we don't know for sure whether what we are selling will reach its peak or No . It is difficult to predict the selling price at the peak price, the price we sell is the highest price we predict, if it exceeds the price we predicted, that's it, that is our best price to make a profit.

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September 19, 2023, 12:39:16 PM
 #104

Right now we should not think of selling.
This is the time of buying bitcoin as bitcoin is well under its price of the all time high. This is why people need the knowledge when they come in financial markets to either trade or invest in bitcoin.

For me, I will plan and think to sell when we reach all time high again or make new highs. Believe me, if you buy bitcoin at around 26-27k and sell it at 30k, you might be happy making a few hundred dollars but you will miss the big moves as the bull market first phase is very near now.
Current market condition still drop I think right with your opinion right now is not worth time for selling cryptocurrency assets but moment for us buy back and as much possibility accumulate with potential altcoin. Don't forget with investing in Bitcoin because price still drop under $27,000 and yesterday success wake up drastically from $25k to be $27k. I have long term planning during Bitcoin price under $30k can't stopping for re investing as much possible depend with my financial condition, its become my saving with bitcoin than spent or hold my money in the bank without get increasing up forever than how much profitable earn trough investment in Bitcoin.

For awhile is not moment to sell our investment assets and keep hold it until Bitcoin and altcoin back to the top price when halving time are closing forward.

Well that's right, now bitcoin is still in the $27k price range, and this is the starting point of the price journey to go up after a correction at $25k yesterday which indicates that the trend will go back up, and as a reference point the price of $25k is the current low point that has touched the support area that occurred in the past few months. So it's true as you say, now is not the time to sell but now is the right time to increase the amount of your bitcoin, I think there may be some who got it at $25k yesterday when it was correcting and now they have got a few percent profit after finally bitcoin is right according to their predictions, which now just rose to the price of $27k.

Well I agree with you, you have done the right action by buying more bitcoin in conditions like this, in the way that you do this you indirectly like giving advice to others that use the money you can invest, and I say that you allocate money that will not be disturbed for other needs, because obviously it will greatly help you in doing HOLD longer until your target is reached. Obviously I think some people also think that bitcoin is a good place for you to keep your money instead of keeping it in some bank with an interest rate that might hurt you.
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September 19, 2023, 07:07:14 PM
 #105

Right now we should not think of selling.
This is the time of buying bitcoin as bitcoin is well under its price of the all time high. This is why people need the knowledge when they come in financial markets to either trade or invest in bitcoin.

For me, I will plan and think to sell when we reach all time high again or make new highs. Believe me, if you buy bitcoin at around 26-27k and sell it at 30k, you might be happy making a few hundred dollars but you will miss the big moves as the bull market first phase is very near now.
What exists is accumulation not selling. For now never think but what about more bitcoins.
Sometimes there are people who waste this opportunity and they are even willing to wait for the price of $20K I think it's a little excessive and don't know why not take advantage of the market situation in the $25K and $27K area, well they have their own judgment.

Even if the price passes the previous ATH price of $69K then I will try to hold it, this is a little further from the original plan that $100K might happen, but still whoever buys now and waits at least at the price of $69K he has made a decent profit, but it will be bigger to wait a little patiently for the next phase.

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September 19, 2023, 07:16:53 PM
 #106

The right time to sell bitcoin, bitcoin holders must have their own target at what price we sell at when the bull market arrives, many influences in various countries predict $100k is the same as $150K, we don't know for sure whether what we are selling will reach its peak or No . It is difficult to predict the selling price at the peak price, the price we sell is the highest price we predict, if it exceeds the price we predicted, that's it, that is our best price to make a profit.
Bitcoin doesn't have right time to sell and right time buy, but many people who is novice in bitcoin think that bitcoin have a specific price and time you can buy bitcoin, if you want to invest in bitcoin for long periods don't reason the particular amount is bitcoin at that point before buying bitcoin, what I encourage people concerning buying and selling of bitcoin is that we should have your target and when you have your target no matter what happens in tye matter in cryptocurrency you will be a beneficiary, what matters in cryptocurrency investment especially bitcoin is that you must have a durable time you will sell your bitcoin



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September 19, 2023, 11:13:24 PM
 #107

The right time to sell bitcoin, bitcoin holders must have their own target at what price we sell at when the bull market arrives, many influences in various countries predict $100k is the same as $150K, we don't know for sure whether what we are selling will reach its peak or No . It is difficult to predict the selling price at the peak price, the price we sell is the highest price we predict, if it exceeds the price we predicted, that's it, that is our best price to make a profit.
Bitcoin doesn't have right time to sell and right time buy, but many people who is novice in bitcoin think that bitcoin have a specific price and time you can buy bitcoin, if you want to invest in bitcoin for long periods don't reason the particular amount is bitcoin at that point before buying bitcoin, what I encourage people concerning buying and selling of bitcoin is that we should have your target and when you have your target no matter what happens in tye matter in cryptocurrency you will be a beneficiary, what matters in cryptocurrency investment especially bitcoin is that you must have a durable time you will sell your bitcoin
What you said here is somehow contradicting. If Bitcoin doesn't have the right time to sell and the right time to buy there's no point in setting a durable time to sell.
Having said that, I think what created this misunderstanding is just what people said "opportunity comes but once" We know that's not true because opportunities come every day but only those that you have missed or benefit from are the opportunities that come once. The same thing applies to the cryptocurrency market, the time you invest or sell that seems good to you is your own right time but it may not be someone else right time.

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September 19, 2023, 11:44:28 PM
 #108

All the best assets I've observed or been involved in some way, it was quite valid to buy regularly along the way as it became more highly priced and valued by the rest of the market.  Just finding the lowest price and only buying there is a mirage, its very unlikely and excludes this real worth to consistency in gains over the long term.  
  BTC is a surprisingly long term momentum asset.  We are worried about each week or month when even just picking the right year to buy or sell would be close enough alot of the time to do well.   So lets quickly consider, 2022 was a year price did descend with some gradient.   A year BTC could be sold, is the year after that loss also likely to be a good time to sell going on this very macro view.   It would seem BTC is not as likely to lose so much 2 years in a row, it already compressed that amount of action into that last year.   Possibly you dont want to buy but OP asked about selling, its appearing wrong or hard to justify this stance from the very beginning without zooming in barely at all.

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September 20, 2023, 02:35:26 AM
 #109

<>
 Obviously I think some people also think that bitcoin is a good place for you to keep your money instead of keeping it in some bank with an interest rate that might hurt you.
In my opinion, bitcoin is an asset, a tool for investment, not a place to keep money like a bank. Don't forget that we only invest what we can lose, not that we put all our assets in bitcoin and believe that it will definitely protect our money and bring us huge profits without risk. We should stop comparing depositing money in bitcoin and banks because they are not the same at all. Bitcoin is still just a highly volatile and high-risk asset, it is not yet a safe haven or perfect store of value.

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September 20, 2023, 04:52:34 AM
 #110

The right time to sell bitcoin, bitcoin holders must have their own target at what price we sell at when the bull market arrives, many influences in various countries predict $100k is the same as $150K, we don't know for sure whether what we are selling will reach its peak or No . It is difficult to predict the selling price at the peak price, the price we sell is the highest price we predict, if it exceeds the price we predicted, that's it, that is our best price to make a profit.
Bitcoin doesn't have right time to sell and right time buy, but many people who is novice in bitcoin think that bitcoin have a specific price and time you can buy bitcoin, if you want to invest in bitcoin for long periods don't reason the particular amount is bitcoin at that point before buying bitcoin, what I encourage people concerning buying and selling of bitcoin is that we should have your target and when you have your target no matter what happens in tye matter in cryptocurrency you will be a beneficiary, what matters in cryptocurrency investment especially bitcoin is that you must have a durable time you will sell your bitcoin
What you said here is somehow contradicting. If Bitcoin doesn't have the right time to sell and the right time to buy there's no point in setting a durable time to sell.
Having said that, I think what created this misunderstanding is just what people said "opportunity comes but once" We know that's not true because opportunities come every day but only those that you have missed or benefit from are the opportunities that come once. The same thing applies to the cryptocurrency market, the time you invest or sell that seems good to you is your own right time but it may not be someone else right time.

Totally depends on what kind of investor or trader you are whether you would really be going for long term or would be going fort short term.We do know that not all people would really be able to afford on holding for too long when it comes into their positions on which they would really be simply be liking to deal with the price movement in shortest time as possible.This is why it would really be that good that you do set your goals on when you should sell. The most important thing on here is that you do able to accumulate while its still cheap and able to sell out if ever the price do moves up or above that entry point. Gain is gain no matter how small it would be
which this what matter the most. Always set your selling points but if you are going for long term then this is really just that no sense on doing so if you are accumulating for long term holds. Each person would really be
holding and doesnt really like to risks out on dealing with the movement or simply with the volatility but there are really people who are really risks takers on which loving to take advantage with those movements
and wont really be tending to hold for too long before they could be able to see profits.Although it would really be that so risky but its something that would really be worth if you have done it right.
It is really just that not all people would really be able to succeed on this kind of path to take and this is why most of them would rather choose on holding instead.

R


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September 20, 2023, 07:10:52 AM
 #111

Your question may be simple, but it seems you have a big question mark behind your question, sir.
This selling time has a tentative nature because it is based on whether the market is rising or not, what is certain for me personally to sell bitcoin is when the price reaches $90k+, that answers two of your questions at once, and yes I will sell half of my bitcoin holdings when the price reach the target price that has been determined, the rest I want to wait for the increase to continue to add more profits, and I think this strategy can anticipate losses and regrets when the price of bitcoin continues to rise after making the first sale.
I am well aware that we will never know when is the right time for bitcoin to reach its peak again, even analysts who already have experience in predicting prices, they cannot predict this, but we also need to open our eyes to the potential that will happen to bitcoin Don't do anything stupid.

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September 20, 2023, 11:14:48 AM
 #112

Your question may be simple, but it seems you have a big question mark behind your question, sir.
This selling time has a tentative nature because it is based on whether the market is rising or not, what is certain for me personally to sell bitcoin is when the price reaches $90k+, that answers two of your questions at once, and yes I will sell half of my bitcoin holdings when the price reach the target price that has been determined, the rest I want to wait for the increase to continue to add more profits, and I think this strategy can anticipate losses and regrets when the price of bitcoin continues to rise after making the first sale.
I am well aware that we will never know when is the right time for bitcoin to reach its peak again, even analysts who already have experience in predicting prices, they cannot predict this, but we also need to open our eyes to the potential that will happen to bitcoin Don't do anything stupid.
You are right to say that now is not the best time to sell both bitcoins and altcoins. Considering that the bearish trend has been going on for more than two years now, selling at the bottom is not the best idea. There is a chance that the trend will change soon and it is better to just hold the coins.
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September 20, 2023, 12:41:13 PM
 #113

<>
 Obviously I think some people also think that bitcoin is a good place for you to keep your money instead of keeping it in some bank with an interest rate that might hurt you.
In my opinion, bitcoin is an asset, a tool for investment, not a place to keep money like a bank. Don't forget that we only invest what we can lose, not that we put all our assets in bitcoin and believe that it will definitely protect our money and bring us huge profits without risk. We should stop comparing depositing money in bitcoin and banks because they are not the same at all. Bitcoin is still just a highly volatile and high-risk asset, it is not yet a safe haven or perfect store of value.

Well I understand for that, maybe I was not clear enough in describing what I mentioned above so maybe there are some who misunderstood it. Honestly I'm glad you've corrected what I said above, I didn't mean to save money in bitcoin like we save in some banks along with interest every year that will continue to drain the amount, but in detail I said that bitcoin is a good place for you to allocate some of your money with the aim of growing it along with the increase in bitcoin itself. Honestly I am not saying that there is no risk whatsoever in bitcoin, of course both banks and investments have their pluses and minuses, both have their own risks and I think only investments provide a higher chance of increasing the amount we have there than in banks only absolutely will not make our money grow and on the contrary little by little your money will be drained because of some deductions there.

As we know, every time there is profit, there will also be certain risks in it, and as much as possible we should be able to minimize that risk in the best way we have because our goal there is profit. Oh well to be honest I will not force anyone to put everything they have on bitcoin because of course it is very true as you say that we have to allocate money that can be accounted for if it is lost due to losses, and I also previously said the same thing because of course this will greatly affect your defense in doing HOLD, and in addition it is also very true that bitcoin is very volatile and I agree that this still cannot be said to be the safest place with all the risks that are there.
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September 20, 2023, 01:13:18 PM
 #114

Your question may be simple, but it seems you have a big question mark behind your question, sir.
This selling time has a tentative nature because it is based on whether the market is rising or not, what is certain for me personally to sell bitcoin is when the price reaches $90k+, that answers two of your questions at once, and yes I will sell half of my bitcoin holdings when the price reach the target price that has been determined, the rest I want to wait for the increase to continue to add more profits, and I think this strategy can anticipate losses and regrets when the price of bitcoin continues to rise after making the first sale.
I am well aware that we will never know when is the right time for bitcoin to reach its peak again, even analysts who already have experience in predicting prices, they cannot predict this, but we also need to open our eyes to the potential that will happen to bitcoin Don't do anything stupid.
You are right to say that now is not the best time to sell both bitcoins and altcoins. Considering that the bearish trend has been going on for more than two years now, selling at the bottom is not the best idea. There is a chance that the trend will change soon and it is better to just hold the coins.
I didn't say that but in the interpretation it has the same meaning as the other point of view, it should be remembered that we are not involving altcoins here as a means of discussion in the context that the OP gave.
Following your response, the fact that we have been in a bearish phase for a long time until today which can be counted as more than two years, we agree that selling bitcoin at a price in a bearish phase (declining) is certainly a stupid decision, but this depends your personal situation and conditions. If you have a problem between life and death and you have no other money apart from the investment in bitcoin, the step you need to take is to sell the bitcoin you have to support yourself or your family, even if the situation is bearish and you experience a loss ( whenever that time is).

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September 20, 2023, 03:52:43 PM
 #115

You are right to say that now is not the best time to sell both bitcoins and altcoins. Considering that the bearish trend has been going on for more than two years now, selling at the bottom is not the best idea. There is a chance that the trend will change soon and it is better to just hold the coins.
I also think that at the moment, because it would be a shame if Bitcoin and the best altcoins had to be sold at the current price, which still tends to be cheap in my opinion. So I think that keeping it well is the right choice rather than selling now which could cause regret when the bullish trend occurs again in the market. I also believe that changes for the better will soon return to the market with increasing prices in Bitcoin and other cryptocurrencies.

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September 20, 2023, 04:21:51 PM
 #116

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).

Well, yeah, like you said, it's very difficult to specifically know the price of Bitcoin in the next bull market. People can only speculate on the price, but that doesn't mean that it's going to be so. And in the aspect of selling one's Bitcoin asset, well, you know that every investor, be it in Bitcoin or other assets, has their own individual goals, which are usually different, so some people can decide to sell so early at any price they feel they are ok with, while others will keep holding for the next and upcoming bull market. For me, I have some goals I want to archive, but the way I planned it, I can only archive them if Bitcoin spikes and gives me a huge profit that can be used to settle them. But again, even if the Bitcoin price spikes today, I definitely will not sell everything at once; it's just to sell a few fractions of my holding.

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September 20, 2023, 07:09:44 PM
 #117

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).

Well, yeah, like you said, it's very difficult to specifically know the price of Bitcoin in the next bull market. People can only speculate on the price, but that doesn't mean that it's going to be so. And in the aspect of selling one's Bitcoin asset, well, you know that every investor, be it in Bitcoin or other assets, has their own individual goals, which are usually different, so some people can decide to sell so early at any price they feel they are ok with, while others will keep holding for the next and upcoming bull market. For me, I have some goals I want to archive, but the way I planned it, I can only archive them if Bitcoin spikes and gives me a huge profit that can be used to settle them. But again, even if the Bitcoin price spikes today, I definitely will not sell everything at once; it's just to sell a few fractions of my holding.

Every investor has his own goals. At a price that one person's Bitcoin would never sell, someone else might sell it because they made a profit and reached their goal. I think this is one of the things that makes the market beautiful. If everyone's target was the same price, there would be no point. Such a thing is not possible anyway.

There are many predictions for when the bull will come, but none can know the truth. We must invest and wait in line with our goals. We all set a goal, and for this goal to be achieved, the market must reach the point we want. The aim is to both make a profit and reach the day when Bitcoin receives the value it deserves and is accepted in the world.

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pawel7777 (OP)
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September 20, 2023, 10:42:17 PM
 #118

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.

That smells a bit like a True Scotsman fallacy.

I don't think any expert traders would actually have a hard-fixed selling price and/or time. They'd probably rely more on various metrics indicating that the market gets overheated, meaning it has reached the peak (or is close to).
Some people say that any profit is a good profit, but I couldn't disagree more.



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Dickiy
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September 21, 2023, 12:59:31 PM
 #119

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).

Well, yeah, like you said, it's very difficult to specifically know the price of Bitcoin in the next bull market. People can only speculate on the price, but that doesn't mean that it's going to be so. And in the aspect of selling one's Bitcoin asset, well, you know that every investor, be it in Bitcoin or other assets, has their own individual goals, which are usually different, so some people can decide to sell so early at any price they feel they are ok with, while others will keep holding for the next and upcoming bull market. For me, I have some goals I want to archive, but the way I planned it, I can only archive them if Bitcoin spikes and gives me a huge profit that can be used to settle them. But again, even if the Bitcoin price spikes today, I definitely will not sell everything at once; it's just to sell a few fractions of my holding.

But as time goes by it doesn't mean we have to stay silent by just speculating and waiting, I think we should be able to take more advantage of every condition, just like bitcoin which is very volatile there and that means we shouldn't waste any time or opportunity we have to keep learning because bitcoin will continue to grow and we also as investors must be able to keep up with the new things that arise from bitcoin by continuing to learn from various best references according to you. Well on the other hand I understand that indeed every investor must have the best way and planning to be able to achieve their respective goals, and of course because of that we can see some of them who are always firm and follow the plan and there are also those who even stop halfway because for example there is something more important for example so they sell some of their bitcoin at a time that can be said to be less appropriate or even a little loss.

Yes and indeed I think all bitcoin players should be able to stick to their stance to get bigger profits, like you said, you will never want to sell if it is far from the target you have set, but well there are always conditions that will force us because of urgent needs maybe. That's the point, I think everyone has their own perspective in making every decision that they think is best.
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September 21, 2023, 05:36:15 PM
 #120

I didn't say that but in the interpretation it has the same meaning as the other point of view, it should be remembered that we are not involving altcoins here as a means of discussion in the context that the OP gave.
Following your response, the fact that we have been in a bearish phase for a long time until today which can be counted as more than two years, we agree that selling bitcoin at a price in a bearish phase (declining) is certainly a stupid decision, but this depends your personal situation and conditions. If you have a problem between life and death and you have no other money apart from the investment in bitcoin, the step you need to take is to sell the bitcoin you have to support yourself or your family, even if the situation is bearish and you experience a loss ( whenever that time is).
That has been said a million times and yet the crash is actually the proof itself that people sell. How do we think that we have come all the way down to 25k? People selling during the bear market made that happen, if they didn't sell then the price wouldn't have gone down, that's how market works, you have to sell to make it go down.

So, in a way we are saying that "you shouldn't sell during bear market" means you are not going to have a bear market at all, in order to see it low like this, they have to sell so we can buy at cheaper price. I would never do this, but I am not against others doing it, it allows me to make as much profit as I possibly could from it and makes me richer than I want to be thanks to them.

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