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Author Topic: When to sell?!?  (Read 275 times)
estheblessed (OP)
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November 13, 2024, 03:57:29 PM
 #1

So with the recent spike in BTC price (and other ALT coins) when is a good time to sell?

Im particuarly interested in ALT coins as I would be keen to sell these off and invest in BTC or ETH. The ALT coins I have invested in:

TRX
TRON
AAVE
Cardano
Lumen
File Coin
EOS
Polkadot

Also is it worth selling the BTC shares and then rebuying when it dips again?
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November 13, 2024, 04:24:04 PM
 #2

So with the recent spike in BTC price (and other ALT coins) when is a good time to sell?

Im particuarly interested in ALT coins as I would be keen to sell these off and invest in BTC or ETH. The ALT coins I have invested in:

TRX
TRON
AAVE
Cardano
Lumen
File Coin
EOS
Polkadot

Also is it worth selling the BTC shares and then rebuying when it dips again?
I will advice you to sell your altcoins in your bag as soon as you see profit and invest all the money into bitcoin. You can see for yourself how the price of bitcoin is pumping and currently, the price is $93k. This should be a good reason for you not to sell those bitcoin you already have because in future, bitcoin price will go to the moon. Selling and buying back is good, if you are lucky to do it right but I don't like such practice, since it makes you have the mindset of a trader. Instead, continue buying more bitcoin to the ones you already have for the increment of your portfolio. The future of bitcoin is very bright.

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November 13, 2024, 04:30:40 PM
 #3

when is a good time to sell?
When you are in profit.  Tongue


Also is it worth selling the BTC shares and then rebuying when it dips again?
Sure it is, but "selling high buying low" is much harder than it seems and in majority of cases people end up doing the opposite. So, unless you are an experienced trader, just stick to hodling what you have otherwise you might end up having less bitcoin that you initially had. 

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November 13, 2024, 04:34:27 PM
 #4

So with the recent spike in BTC price (and other ALT coins) when is a good time to sell?

Im particuarly interested in ALT coins as I would be keen to sell these off and invest in BTC or ETH. The ALT coins I have invested in:

TRX
TRON
AAVE
Cardano
Lumen
File Coin
EOS
Polkadot
Sell now if you think that you've decided already and it's final to buy BTC or ETH. Look at how the market goes crazy with BTC and it's moving so crazily.

You've diversified too much and this is why we've been telling everyone to buy BTC as much as you can be. Too much diversification will make you FOMO.

Also is it worth selling the BTC shares and then rebuying when it dips again?
Yes.

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November 13, 2024, 04:38:49 PM
 #5

This is the age old question whether it relates to crypto or to traditional stocks and shares. When people find themselves in profit they are in profit on paper only, it does not become real unless they make the sale to profit from their investment. I am sure we all are familiar with the notion if you sell too late then you get less profit but if sell too early you might regret it. I suppose it all depends on your own instincts.

So with the recent spike in BTC price (and other ALT coins) when is a good time to sell?

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November 13, 2024, 04:41:04 PM
 #6

So with the recent spike in BTC price (and other ALT coins) when is a good time to sell?

As usual when you are in profit, but make sure not to be greedy and be realistic in your selling price goal.  There are lots of people who got burned and end up waiting for another cycle because they got too greedy and hold their stash instead of selling them for profit.


Also is it worth selling the BTC shares and then rebuying when it dips again?

The spike of BTC price will probably continue until next year, when it reaches its cycle price peak.  I don't see anything wrong on taking profit and rebuying when Bitcoin dips but be cautious about the timing since the timing determines how much your profit will be.
estheblessed (OP)
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November 13, 2024, 04:43:58 PM
 #7

Thanks everyone for the feedback.

I guess I could rephrase some of this ...

Are any of these worth HODLing:

TRX
TRON
AAVE
Cardano
Lumen
File Coin
EOS
Polkadot
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November 13, 2024, 04:45:21 PM
 #8

Also is it worth selling the BTC shares and then rebuying when it dips again?
Currently i wouldn't encourage you to sell of your bitcoin portion to buy any altcoin or even sell your bitcoin for immediate profits, for now the market is surging heavily so you should hold tight maybe after next year bull run, you can sell off. It's always advisable to sell off altcoin you think that are not yielding the needful profits you think then you can sell to buy more reliable asset like bitcoin or Ethereum as you have mentioned above.

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November 13, 2024, 04:57:48 PM
 #9

So with the recent spike in BTC price (and other ALT coins) when is a good time to sell?
Only you can say, mate. Some do not want to sell at all. Rain or shine, they keep holding. It’s fine. But if you want to sell, you need to consider the price you bought it and the possible price you can sell it. If you like the results then okay go ahead. If you see a price high enough that is satisfying enough then that’s the time to sell.
Quote
Also is it worth selling the BTC shares and then rebuying when it dips again?
Like I said, it all depends on how much you bought it for and whether you can see significant returns if you sell now. But to me, yes, this can be a very good method. Selling when high and buying when it’s low again.
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November 13, 2024, 05:25:24 PM
 #10

Also is it worth selling the BTC shares and then rebuying when it dips again?

Referring to the current conditions, it is not good to sell and then buy Bitcoin. If you already have it and want to sell it, it is better to hold on a little longer until the market conditions look more normal. I mean, don't experiment amidst the current high fluctuations.



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November 13, 2024, 09:22:02 PM
 #11

When to sell? Look at your portfolio and see if it's profitable at what %? We don't know your target so it's up to you.

Selling BTC that is high - and has the potential to go up again and because selling only wants to buy altcoins? I think for me it's a little silly, so I will keep BTC instead of buying altcoins again.

Maybe we have different views on altcoins, but for me with HODL BTC is much better than altcoins.



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November 14, 2024, 02:17:44 AM
 #12

Thanks everyone for the feedback.

I guess I could rephrase some of this ...

Are any of these worth HODLing:

TRX
TRON
AAVE
Cardano
Lumen
File Coin
EOS
Polkadot
probably AAVE but then again, watch out for the TOTAL3 chart, you might see some few dump in the upcoming future, BTC is too strong right now and it's dominating big time. but current TOTAL3 is still unclear but there's always possibility that there will be reversal on BTC.D chart that allows total3 chart to go up.

though if you didn't trade future you might be fine just do DCA on the occasional dips, but the problem is, the future alt rally, might leave some alt behind, i'd speculate it's the old low performing alts with low volume that's not gonna have any meaningful rally.

so be sure to abandon low performing alts with low trading volume.

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November 14, 2024, 10:55:53 AM
 #13

So with the recent spike in BTC price (and other ALT coins) when is a good time to sell?

Sell when you have gotten your target profit.   Before you buy a coin or token at a lower price, you already speculate on the price movement and how you will sell off if the price hit a certain limit. So, what am saying is that you should sell when your set limit is reached. If you have doubt that the market will still keep moving after you have sold off, then sell on bits.

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November 14, 2024, 12:37:18 PM
 #14

So with the recent spike in BTC price (and other ALT coins) when is a good time to sell?

Im particuarly interested in ALT coins as I would be keen to sell these off and invest in BTC or ETH. The ALT coins I have invested in:

TRX
TRON
AAVE
Cardano
Lumen
File Coin
EOS
Polkadot

Also is it worth selling the BTC shares and then rebuying when it dips again?

Wow...  Thinking about selling?  Already?  If a lot of other guys are thinking the same thing then that could be a good sign that this bull market is still early. 

Now I'm not gonna tell anybody itt what to buy as this isn't my thread.  If you wanna know what I think could be good to buy, just check my posts.  But some of those alts in your bag might not move as much as the rest of the market.  Just rotate those ones to the ones that do move better. 

R


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November 14, 2024, 12:41:00 PM
 #15

So with the recent spike in BTC price (and other ALT coins) when is a good time to sell?

Im particuarly interested in ALT coins as I would be keen to sell these off and invest in BTC or ETH. The ALT coins I have invested in:


When you are already happy on the profit. There’s no specific time on the perfect selling date since price behaves randomly. You can use Fibonacci level to determine the ideal price growth for the current trend if you want something as guide.

Quote
Also is it worth selling the BTC shares and then rebuying when it dips again?

Of course since you will hold more Bitcoin. But the problem on this method whether Bitcoin will still dip below your selling price. You might feel FOMO in the process and commit mistakes that cause loss. So better hold.

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November 14, 2024, 04:43:15 PM
 #16

So with the recent spike in BTC price (and other ALT coins) when is a good time to sell?

Im particuarly interested in ALT coins as I would be keen to sell these off and invest in BTC or ETH. The ALT coins I have invested in:

TRX
TRON
AAVE
Cardano
Lumen
File Coin
EOS
Polkadot

Also is it worth selling the BTC shares and then rebuying when it dips again?
it's a different crypto mate , so i think better to analyze each one of it very carefully especially the graph structure and be updated on news as well so that you will have an idea when or where to sell. And if i were you if you have alts better to convert it on bitcoin coz it's not so volatile like those you've mentioned above and for sure on Bitcoin you will be safe and profitable afterwards, unlike alts that while Bitcoin gradually making ATH alts and eth is falling. 
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November 14, 2024, 07:32:17 PM
 #17

So with the recent spike in BTC price (and other ALT coins) when is a good time to sell?

Im particuarly interested in ALT coins as I would be keen to sell these off and invest in BTC or ETH. The ALT coins I have invested in:

TRX
TRON
AAVE
Cardano
Lumen
File Coin
EOS
Polkadot

Also is it worth selling the BTC shares and then rebuying when it dips again?

I would do my own research and not listen to paid speakers. I remember when btc was $1

coingecko

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November 14, 2024, 08:02:44 PM
 #18

So with the recent spike in BTC price (and other ALT coins) when is a good time to sell?

Im particuarly interested in ALT coins as I would be keen to sell these off and invest in BTC or ETH. The ALT coins I have invested in:

TRX
TRON
AAVE
Cardano
Lumen
File Coin
EOS
Polkadot

Also is it worth selling the BTC shares and then rebuying when it dips again?
Trying to outsmart the market is often a losing move, besides it seems to be too soon to move away from altcoins, historically bitcoin is the one that moves first, with altcoins moving up slowly, and it is not until we reach the end of the bull run when the price of altcoins really begin to go up at a very fast rate, and since we have not reached that moment, then it seems like it is not really the best time to sell, but if you really need to or want to, no one can stop you.
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November 14, 2024, 08:23:04 PM
 #19

Thanks everyone for the feedback.

I guess I could rephrase some of this ...

Are any of these worth HODLing:

TRX
TRON
AAVE
Cardano
Lumen
File Coin
EOS
Polkadot
I think that they're all fine if that's already in your hand. But what I can advise you is to sell and liquidate some of it and downsize your holdings from there. Again, this is just a suggestion and my opinion and you should be holding some BTC. Because with all of these alts, your majority holding percentage is lessened based on how much your total value with the holdings that you have right now. So, don't you doubt holding Bitcoin because that's going to be a major upscale to your portfolio if you haven't got it yet and that's why it's 100% worth it to have it whenever it dips or not so accumulate and DCA it.

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November 14, 2024, 09:12:47 PM
 #20

So with the recent spike in BTC price (and other ALT coins) when is a good time to sell?
It's very simple, you can sell when you think you are on profits enough or when you feels you don't have anything to lose from the market, otherwise I wouldn't encourage you to hold altcoin for long time than short time and, altcoin is always good when you see profit and you take it quickly without having to wait for it to double extremely. When you hold altcoin for long the chances of you losing your investment is very high because whatever that happens to Bitcoin automatically it gives weakness to the market causing serious panicking among traders to dump the coins without any noticed.

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