How to be ready when it comes to selling?

[kentrolla]

We seem to be standing on the corner of a bullish market and it is very difficult for me to understand what the future holds. I think if your investment is part of good profit at this time then sell and keep the profit in your wallet. Because if the btc price breaks completely in the future, then the market situation may go down again. I think investment should always be profitable so this is not the right time for long holding.

I know it's a difficult call to make about when to sell especially when we are in bullish market but yes we never know when it would start crashing hence we need to do the basics which is having a TP/SL set up I mean OCO orders are the savers here and once the price reaches near your TP then you need to cancel and reset new TP and SL, I personally follow this to maximize my profits and minimize the loss.

[Maestro75]

I understand it is more safe to have crypto on cold storage but is it less likely in the peak of a bull run for exchanges to fall? If so, I feel it would be better to send all of my crypto to exchange in advance to then be ready to sell everything.

This may be obvious to some but this is my first bull run and want to be ready when it comes to selling and I am just not sure what is best way of planning to sell.

Exchange can fail at any time. It does not matter the time of the season or year. Those who escape exchange collapse are most times from insiders who get whatever plans the exchange is making to shut down or scam customers.  For your information it is better to leave your crypto in a cold wallet than transferring it to an exchange to avoid avoidable stories of hack or scam. Leave it in your cold wallet until you are ready to sell at once and then move it to an exchange and sell.

[Orpichukwu]

Exchange can fail at any time. It does not matter the time of the season or year. Those who escape exchange collapse are most times from insiders who get whatever plans the exchange is making to shut down or scam customers.  For your information it is better to leave your crypto in a cold wallet than transferring it to an exchange to avoid avoidable stories of hack or scam. Leave it in your cold wallet until you are ready to sell at once and then move it to an exchange and sell.

To add to this, aside from Exchange being exposed to hacking, exchanges can also decide to freeze and lock their customers out of accessing their accounts, and they won't also have any other means of getting any funds inside out of there. 
 
One of the reasons why it's very good for one to always have their holdings on their cold storage is because they can be sure of the full custody of the holdings; they don't need the permission of any third party before they can move any coin out of their wallet or even need the permission of anyone to detect who they can send coins to at the right time and when they are not, just as exchanges sometimes run maintenance in their system and restrict either deposit or withdraw for a particular network.

[Stalker22]

Exchange can fail at any time. It does not matter the time of the season or year. Those who escape exchange collapse are most times from insiders who get whatever plans the exchange is making to shut down or scam customers.  For your information it is better to leave your crypto in a cold wallet than transferring it to an exchange to avoid avoidable stories of hack or scam. Leave it in your cold wallet until you are ready to sell at once and then move it to an exchange and sell.

To add to this, aside from Exchange being exposed to hacking, exchanges can also decide to freeze and lock their customers out of accessing their accounts, and they won't also have any other means of getting any funds inside out of there. 
 
One of the reasons why it's very good for one to always have their holdings on their cold storage is because they can be sure of the full custody of the holdings; they don't need the permission of any third party before they can move any coin out of their wallet or even need the permission of anyone to detect who they can send coins to at the right time and when they are not, just as exchanges sometimes run maintenance in their system and restrict either deposit or withdraw for a particular network.

That is exactly why I decided to get a cold storage wallet, after hearing about the risks with leaving crypto on exchanges.  The convenience of exchanges is nice, but peace of mind is more important to me and  having complete control over my own crypto feels safer, even if transferring funds is a hassle.  Its like squirreling away cash, but way more secure thanks to encryption and whatnot.  I dont mind the extra steps for my long-term investments.  Maybe Im overly paranoid but after FTX and other debacles, Id rather protect my hard-earned assets.  At least I dont have to worry about some company losing my keys or getting hacked.  This works for me, but everyone has different priorities and risk tolerance I guess.

[Kristiyana]

I currently have 75% of my crypto on cold storage and 25% on exchange and yesterday I was thinking about when it comes to selling.

I am not thinking of selling anything just yet but maybe will start in a few months once the halving is here and the market starts to really move.

Is it a good idea to still have most of my crypto on cold storage in a few months when the market is pumping and I am wanting to sell or is it best to start moving everything to exchanges which will then make it easier to sell?

I am just thinking it will be a long process having everything on my cold storage and then seeing the market pumping then having to send everything back over to exchange I may miss the best prices to sell as it will take some time to send everything from cold wallet to exchange.

I understand it is more safe to have crypto on cold storage but is it less likely in the peak of a bull run for exchanges to fall? If so, I feel it would be better to send all of my crypto to exchange in advance to then be ready to sell everything.

This may be obvious to some but this is my first bull run and want to be ready when it comes to selling and I am just not sure what is best way of planning to sell.

Actually I think the idea of sending all your crypto to exchange in advance so as to be ready to sell everything I don't think is ideal, because I don't really trust most of this exchange.  moreover I don't always leave my crypto in the exchange for a long period of time, except I want to sell that's when I can only move my crypto to exchange, so I will recommend you to keep your crypto in your Cold wallet until the right time when you're ready to sell then you can move it to exchange.

[GbitG]

Exchange can fail at any time. It does not matter the time of the season or year. Those who escape exchange collapse are most times from insiders who get whatever plans the exchange is making to shut down or scam customers.  For your information it is better to leave your crypto in a cold wallet than transferring it to an exchange to avoid avoidable stories of hack or scam. Leave it in your cold wallet until you are ready to sell at once and then move it to an exchange and sell.

To add to this, aside from Exchange being exposed to hacking, exchanges can also decide to freeze and lock their customers out of accessing their accounts, and they won't also have any other means of getting any funds inside out of there. 

Yep mate I preciously agree with that Exchanges can also do the opposite by locking your account, and you will not be able to access your fund. Here in the context of this thread, I will explain to you the true  real story. From which you will know that keeping your funds in your cold wallet instead of exchange. 


@WaqarZaka an influencer  as well as a model. There is a bad thing that happened with him. When the dump came and he analyzed that there was a good opportunity to grab some bitcoin,  he transferred 1 million usdt to Binance so that the trade could be taken. Then,  when he clicked on trade, some errors occurred in front of him. After that, he was repeatedly given restrictions that your fund is not available, although the fund was available, but Binance stuck to his trade and did not return to him. Without any reason.
 
So it turns out that Binance, which we consider to be the most secure exchange in the world but it also cheated with its costumer. So if this is the case with Binance, what about other exchanges? Therefore, it is better to keep your funds in a cold wallet instead of an exchange because this exchange can freeze your funds like the same person without any reason and not return them.

[GreatArkansas]

I currently have 75% of my crypto on cold storage and 25% on exchange and yesterday I was thinking about when it comes to selling.

I am not thinking of selling anything just yet but maybe will start in a few months once the halving is here and the market starts to really move.
(...)

This is the most difficult part to do especially if you investing in crypto.
Before you do anything, you must already have a plan, for example in selling - are you going to take profits? If yes and you are having difficult deciding, just always remember "there is nothing wrong when taking profits".

Next is selling to take profits from cold storage - how about if you plan for example if Bitcoin price reach to x price, you will sell? then that's the time you move out your funds out of your cold storage.

[Fara Chan]

Actually I think the idea of sending all your crypto to exchange in advance so as to be ready to sell everything I don't think is ideal, because I don't really trust most of this exchange.  moreover I don't always leave my crypto in the exchange for a long period of time, except I want to sell that's when I can only move my crypto to exchange, so I will recommend you to keep your crypto in your Cold wallet until the right time when you're ready to sell then you can move it to exchange.

Your instructions are really quite useful for beginners who often store their assets on any exchange for a long period, even though they themselves are not trading with these assets. I also quite agree with your statement because I also very often store assets in my personal wallet rather than on any exchange because I only use the exchange when trading or when I want to exchange certain assets that I want. So this is important to consider for those who are still beginners and want to store assets long term in a crypto wallet that they trust.

[zaim7413]

Storing assets on an exchange is not recommended, there are many risks that can occur when you cannot control the private key. Many top members on the forum always remind you to be more careful in protecting your assets, as long as you don't hold the private key, it means it's not your asset. When you want to sell some of the assets you own, you can sell the assets stored on the exchange, while you can hold the assets stored in the cold storage until they reach the desired price. Never entrust your assets to be managed by someone else, keep your assets stored in a cold storage until you are ready to sell them or exchange them for other assets.

[Zigabel]

I currently have 75% of my crypto on cold storage and 25% on exchange and yesterday I was thinking about when it comes to selling.

I am not thinking of selling anything just yet but maybe will start in a few months once the halving is here and the market starts to really move.

Is it a good idea to still have most of my crypto on cold storage in a few months when the market is pumping and I am wanting to sell or is it best to start moving everything to exchanges which will then make it easier to sell?

I am just thinking it will be a long process having everything on my cold storage and then seeing the market pumping then having to send everything back over to exchange I may miss the best prices to sell as it will take some time to send everything from cold wallet to exchange.

I understand it is more safe to have crypto on cold storage but is it less likely in the peak of a bull run for exchanges to fall? If so, I feel it would be better to send all of my crypto to exchange in advance to then be ready to sell everything.

This may be obvious to some but this is my first bull run and want to be ready when it comes to selling and I am just not sure what is best way of planning to sell.

I understand the fact that you are trying to make things easier for yourself so when you come across the best price you sell and make as much profit as you can from the market but then you should know that in times like this when there's so much volatility and the prices of coins are going up and down almost immediately, is a time where most exchanges become prone to hackers, because they begin to monitor the exchanges and when best to strike in which they can steal assets on the exchange.

It's left with you to decide if you would want to lose all of your asset because you were trying to get set to sell at best price or you sell and a considerable price and still have some fair profit to keep. Not all exchanges get to be compromised because some exchanges have got good security but it's still not the best and cold storage remains the best, the time it will take to get your assets to the exchange for sell shouldn't be a reason you risk the security of your assets.

[Questat]

I currently have 75% of my crypto on cold storage and 25% on exchange and yesterday I was thinking about when it comes to selling.

I am not thinking of selling anything just yet but maybe will start in a few months once the halving is here and the market starts to really move.
(...)

This is the most difficult part to do especially if you investing in crypto.
Before you do anything, you must already have a plan, for example in selling - are you going to take profits? If yes and you are having difficult deciding, just always remember "there is nothing wrong when taking profits".

Next is selling to take profits from cold storage - how about if you plan for example if Bitcoin price reach to x price, you will sell? then that's the time you move out your funds out of your cold storage.

When you invest, always make sure to have a clear plan first and set a goal price when to buy and when to sell. There won’t be any problem anymore if you will just stick to it, but if you have change of plans along the way, then make sure to weigh things first, and as long as you won’t put yourself at the losing end, then that would be very fine.

You will know when you are ready to sell when you’re already satisfied with the profits, but if you are quite sure that better prices are still coming, then there’s no wrong if you continue to hold and just delay your taking of profits. At the end of the day, just don’t forget to take profits as it’s the main reason why you are here investing in the market.

[Belarge]

Exchange can fail at any time. It does not matter the time of the season or year. Those who escape exchange collapse are most times from insiders who get whatever plans the exchange is making to shut down or scam customers.  For your information it is better to leave your crypto in a cold wallet than transferring it to an exchange to avoid avoidable stories of hack or scam. Leave it in your cold wallet until you are ready to sell at once and then move it to an exchange and sell.

Selling and buying doesn't prove any difficulty, we tend to understand our path and follow them instantly. Who trusts exchanges in this modern world? I'm always sticking to my instincts because it's very important and necessary to adhered them with more promising changes. Keeping our crypto safer and knowing the basic limits to acknowledge, also we should be very straight and forward when we're hitting top goals. Crypto wallets should be standardized and knowing the formal route to follow. 

[tabas]

The process that's making you think about coming from your cold storage to an exchange, it's actually a good sign. A good sign that you may want to hold longer but you want to sell at the right time when the timing is right. It's not actually hectic at all if you're going to sell, it only takes a couple of minutes of doing it and you have to pay the top priority fee for your transaction to proceed. And after selling and when you have already converted it into a stablecoin and wanting to send it back to your cold storage, it's easy and you only need to save the address.

[ThemePen]

Selling and buying doesn't prove any difficulty, we tend to understand our path and follow them instantly. Who trusts exchanges in this modern world? I'm always sticking to my instincts because it's very important and necessary to adhered them with more promising changes. Keeping our crypto safer and knowing the basic limits to acknowledge, also we should be very straight and forward when we're hitting top goals. Crypto wallets should be standardized and knowing the formal route to follow. 

I agree that buying and selling cryptocurrencies is not challenge for those who understand process. However trusting exchanges can be concern in today digital landscape. That is why I always rely on my instincts and prioritize securing my crypto assets. It is good to recognize importance of crypto safety and understand limits of this volatile market. By being straightforward and focused we can achieve our goals and can navigate crypto space with good confidence. Standardizing crypto wallets and following given guidelines can also help ensure smoother and more secure experience for all users.

[SquirrelJulietGarden]

Selling and buying doesn't prove any difficulty, we tend to understand our path and follow them instantly. Who trusts exchanges in this modern world? I'm always sticking to my instincts because it's very important and necessary to adhered them with more promising changes. Keeping our crypto safer and knowing the basic limits to acknowledge, also we should be very straight and forward when we're hitting top goals. Crypto wallets should be standardized and knowing the formal route to follow. 

Your post and OP question lack of idea on importance of people's start. Will their selling decisions be easy or tough, it comes from their beginnings.

Because if they have bad capital management like borrow money, use leverages, their selling decisions would be tough ones and I don't expect they will have easy decisions in majority of their sales.

If they have good capital management, have money for emergency, use own pocket money for investment, they will have easy decisions to sell. Because they will only sell when they want, not when they have to do this. If they don't want to sell, they don't sell, no pressure to do this. It's easy decision for people with good capital management.

[mindrust]

Easy.

If you’ll feel sorry when the market goes down, that means you should be selling when it is up.

If you’ll feel happy when the markets to down because you’ll be buying more, then you should be holding.

I always follow this strategy and so far I am not disappointed even once.

[CODE200]

Just be ready for the transaction fees, that's my only advice to you, you should never move your money to an exchange until you want to sell them because it's not recommended and the possibility of hacks in exchanges is really high and a lot of people don't really trust them because there have been exchanges in the past that have scammed people of their crypto, you don't want to risk that happening to you. When the prices are really high and a lot of clamor and wild speculations are popping up, people are going to sell and you don't want to be at the middle of this pandemonium unprepared especially with transaction fees that will get so high in prices that you'd probably not even sell what you got because you would be losing more if you do.

[Cryptomultiplier]

I currently have 75% of my crypto on cold storage and 25% on exchange and yesterday I was thinking about when it comes to selling.

I am not thinking of selling anything just yet but maybe will start in a few months once the halving is here and the market starts to really move.

Is it a good idea to still have most of my crypto on cold storage in a few months when the market is pumping and I am wanting to sell or is it best to start moving everything to exchanges which will then make it easier to sell?

I am just thinking it will be a long process having everything on my cold storage and then seeing the market pumping then having to send everything back over to exchange I may miss the best prices to sell as it will take some time to send everything from cold wallet to exchange.

I understand it is more safe to have crypto on cold storage but is it less likely in the peak of a bull run for exchanges to fall? If so, I feel it would be better to send all of my crypto to exchange in advance to then be ready to sell everything.

This may be obvious to some but this is my first bull run and want to be ready when it comes to selling and I am just not sure what is best way of planning to sell.

You should set up or learn the best way to set up your trading account first before thinking about how and the best time to move your funds from cold storage to a hot wallet.
Also, it's best to still leave you coins in the cold storage and stay glued to news and trends and whale movements that may trigger the bull run to happen faster.
The bull run is already much anticipated and it's only some months away for it to come.
You can also try to limit sending more funds to your cold wallet so as not to compound the transfer fees that may become higher when the time comes.

[Zanab247]

All you need to do to get ready for bull run is to make sure you have huge amount of coins in your wallet, and don't store them in the exchange wallet why waiting for the price of your choice to hit the market before you can sell, but leaving your coins in the exchange market is not good for seller to hodl their coins.

When you have BTC in your electrum wallet, don't sell when the price newly start pumping in the market than to wait like some days or weeks before you can sell in that particular bull run and you will enjoy what you are going to receive from the exchange market.

As a newbies, ensure you use electrum wallet to store your BTC for security reason, and it will be difficult for your BTC to disappear like the way some scammers use to scam BTC from newbies wallet because they didn't use the solid wallet to store their BTC.

[AYOBA]

You have a better plan for yourself, but if you decide that you want to sell your crypto at this rate now, I think it's not adviceable for you to sell all the crypto you have accumulated. It will also bring you huge profits if you can be patient and live them for a little time for marketing to boost well to avoid losing.

But my advice is that since you also plan to be part of people's plans to achieve this coming bull run, the best thing to do is for you to exercise patience and luck off about your wallet, because if you say that you can sell all the coins by now and you're going to lose too much money that you will not expect if I may you how will not even reason moving any of the coins to any exchanges by now to avoid crashes.