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Topic: A book to read on when to sell (before a crash) - page 3. (Read 765 times)

member
Activity: 728
Merit: 63
$CYBERCASH METAVERSE
It is not easy to determine when have to sell before a crash. There are no specific book or source that can inform your market will be crash. Experienced people can guess when there is a huge change in the market or price rising continuously. You have to study about the market and give some time to understand the market strategies then your mind will be your brain book.
hero member
Activity: 1148
Merit: 501
Not have any book for proper information about crypto market upcoming situation that when market will crash actually this is unpredictable things. But i think without any book if we increase our own knowledge about crypto market then it will more profitable for us.
full member
Activity: 1330
Merit: 121
Growth & Marketing | IEO | Bounty | Strat
Despite the numerous statements and forecasts of the droopers, the market is green again today(BTC 59040 $; ETH 2100$). There is a lot of information on the network that almost all analytical data can correspond to reality by no more than 70%. everything else is a real failure and this applies to really very professional people, and if we talk about people like me, then it is very difficult to predict the further development of events in the cryptocurrency market. I believe that there is only one right choice left, this is to constantly monitor the cryptocurrency market and react accordingly at the right time.
hero member
Activity: 2688
Merit: 625
You are right, day trading is difficult and cumbersome. You need to know a lot of things and follow a lot of news and channels to find out the news about the coin in which you are trading, you must know the analysis and monitor the news and the rise and fall of the coin, long-term trading may be the best option.
The breakdown you are talking about is called a correction in the language of trading, this is really very important. The market may have reached a climax and is liable to collapse at any time, so you must be careful in the near future so that you do not lose a lot of money.


You need understand all the language around, it helps to catch up from both directions,. You can avoid losing your money if you fully understand how the market works and you can also maximize all your profits as you go along the way, learning is the very important
tool while you are in this investment, the market can provide good compensation but yet also have a high risk if you don't do your DyOR
and just blindly invest everything.
Its understandable that mistakes could really be that common when we are just starting on this career but as we do progress on then we would really learn up along the way.
When it comes to resources then you can already seek out those in a snap  of a finger.You wouldnt be needing those books that you do seek on and also there is no
book or any writings neither offline or online about knowing the sell point before a crash.If these things do exist then people of this market are really making money
yet they could able to know on when is the reversal which we believe on that there's no man could ever do that.
legendary
Activity: 2940
Merit: 1050
Leading Crypto Sports Betting & Casino Platform
You are right, day trading is difficult and cumbersome. You need to know a lot of things and follow a lot of news and channels to find out the news about the coin in which you are trading, you must know the analysis and monitor the news and the rise and fall of the coin, long-term trading may be the best option.
The breakdown you are talking about is called a correction in the language of trading, this is really very important. The market may have reached a climax and is liable to collapse at any time, so you must be careful in the near future so that you do not lose a lot of money.


You need understand all the language around, it helps to catch up from both directions,. You can avoid losing your money if you fully understand how the market works and you can also maximize all your profits as you go along the way, learning is the very important
tool while you are in this investment, the market can provide good compensation but yet also have a high risk if you don't do your DyOR
and just blindly invest everything.
legendary
Activity: 1666
Merit: 1836
#SWGT CERTIK Audited
You are right, day trading is difficult and cumbersome. You need to know a lot of things and follow a lot of news and channels to find out the news about the coin in which you are trading, you must know the analysis and monitor the news and the rise and fall of the coin, long-term trading may be the best option.
The breakdown you are talking about is called a correction in the language of trading, this is really very important. The market may have reached a climax and is liable to collapse at any time, so you must be careful in the near future so that you do not lose a lot of money.
member
Activity: 504
Merit: 33
I am not willing to trade on a daily basis, but I know for example about the 2017 crash.
Is there a reputable book, written by a reputable author, on how to know when to sell? It's like if a crypto goes 50x in one year there is a chance at some point that there will be a crash. I need to know APPROXIMATELY when I should sell.

There's no book on that as far as I know, but normally you should get at least a bit better at knowing when it's a better time to sell/buy when you gain more experience in investing or trading and are actively following the market and specially the sentiment.

Markets tend to go against what most people expect it to, just like what happened after Bitcoin hit $20k this time, most people expect that Bitcoin will hit $20k or somewhere around there and maybe start correction after that, but as you know it didn't happen it just kept going up till $61k, in other words when most people are short-term bearish market goes up and if they're bullish goes down, you could also try to put yourself in the mind of market makers and ask yourself what would you do now?
hero member
Activity: 3024
Merit: 647
Hi,
I need to know APPROXIMATELY when I should sell.

Thank you!
Sorry, but there is nothing to find in a situation where the market is volatile. You can't simply predict the next surge to come nor the dump as well. You can just be a lucky person if you got the timing to sell at high, the same thing we do to buy at a cheap price.

TA's, chart analysis, books, and many other tools used in trading are just a tool, it can't be enough to give us the exact direction where the market trend will be going. All we do are just pure speculations and more often we get wrong.
hero member
Activity: 2366
Merit: 605
There is nothing as such, cause if there is, then almost everyone would have that secret and they will be able to know when the market is heading for a fall or rise and will be able to manipulate it with the kind of information they have. So, the market is totally unpredictable.

I am very sure that most of us never even expected the increase that we are seeing at this time, because if you check what happened in 2017 the last bull run, it wasn’t like anything we are seeing now. And imagine the situation the world was in with the pandemic, a bull run was the least on everybody’s mind, but it still happened. That’s to show you that you can’t t predict the market in any way.
hero member
Activity: 2702
Merit: 704
Hi,
I am not willing to trade on a daily basis, but I know for example about the 2017 crash.
Is there a reputable book, written by a reputable author, on how to know when to sell? It's like if a crypto goes 50x in one year there is a chance at some point that there will be a crash. I need to know APPROXIMATELY when I should sell.

Thank you!
I can't think of any book for now, cause I haven't come across such book that tells you when to sell your coins, I do see and read alot of trading books out there, but none will tell you when is the right time to sell, individually it's up to you to know when you have reached your targeted profit then sell off your crypto,and besides the only things trading books will always tell you is that you shouldn't be too greedy and want too much profit.
This is not correct, any author worth its salt will write in their book about when to enter the markets and when to exit the markets, now that does necessarily mean it is a good strategy and that is something that you should always verify by yourself but at least they will tell you when it is the time to sell, otherwise why are you buying their book about trading if they are not sharing this knowledge?

Now I would prefer if people just bought bitcoin and became holders but if they really want to try their luck then you need to read several books and test your strategy before you apply it in the live markets.
member
Activity: 368
Merit: 24
books are good and experience is even better
learn to trade and learn from mistakes the more you do it the better you get at it like everything
jr. member
Activity: 420
Merit: 1
There is no specific books in market about the crash.  But you can find many books about trading. There you can find many things about market's ups and downs. When to buy when to sell. When to hold everything will be described for sure.
There are many candle signals also by which you can analyze the market of the future.
Though Every decision will not be correct but most of them will hit the target as the market reacts samely most of the time.
hero member
Activity: 2786
Merit: 606
Is there a reputable book, written by a reputable author, on how to know when to sell? It's like if a crypto goes 50x in one year there is a chance at some point that there will be a crash. I need to know APPROXIMATELY when I should sell.
I don't know if there is a book that can teach such things because from what I know, it all depends on how good you analyze bitcoin and based on that you can predict what would be the highest value it should reach and hence what is the best selling point.

It is true that at a certain point there should be saturation in the market such that the demand and supply will be stable and there won't be much price movement if at all.

I am not good at analyzing coins myself otherwise I would have invested in a lot of potential coins so I won't make any predictions about the best price to sell your bitcoins at, but given the current market growth and the popularity gained by bitcoins in recent months, I think it would be a bad move to sell within 2021.
legendary
Activity: 2268
Merit: 1655
To the Moon
...Is there a reputable book, written by a reputable author, on how to know when to sell?..

In order to know exactly where to sell, you need not a book, but a crystal ball. Because there is no such author or trader who will know exactly when to sell or buy. And as a result, we buy expensive and sell cheap. Alternatively, you can partially fix your profit when you reach the next ATH.
hero member
Activity: 2464
Merit: 585
I would say that there is no book preventing a crash, but there are books that tell you how to pick and why pick something which could help you.
That is exactly what he asked for, a book that can help him understand what is the best time to sell his Bitcoins before a crash might happen. The problem here is that a lot of times crash happens out of the blue and sometimes even planned by big investors which is not something any book can teach us no matter how well they are written and with how much knowledge the author had.

Peter Lynch probably wrote the best books in his time, he was one of the best investors of his time and dude basically gave everyone a way how they could make money, it is all about finances and also future of a product, he even invested into something because his daughter and friends were in love with the product, he researched and figured out that a whole segment of women age between teenager years were in love with the product for a decade or more and he realized new teenagers like it as well and that is why it is never ending profit for it, he figured that out just from his daughters and friends reactions.
Some really good knowledge I gained today, thanks for the input. I wasn't aware of Peter Lynch so thanks for sharing Smiley.

Basically, he talked about all the ways you can approach how to buy, and when you figure out how to buy, selling becomes easier.
Makes sense, once you understand how to buy and when to buy something, you will eventually make better decisions when selling it too.
hero member
Activity: 2898
Merit: 597
Eloncoin.org - Mars, here we come!
Yes, that's the typical product sales which is very attractive to those people who are starting out. And maybe not only for them but for those people who share the same interest.
Who doesn't want to know a secret in trading and you'll able to gain knowledge by just reading the market when to sell and buy? of course, all of us want it but this is crypto market and it's a very unpredictable market that no one can ever have the 100% accuracy in guessing.
Even if you do talk about forex or stock market trading it wouldnt really be still giving any difference.Even those market are less volatile but doesnt mean that those things are predictable
which simply means that no market on this world neither of those two could really be predicted on whats ahead and if those things do exist then it wouldnt really be on sale nor being shared
up so easily and to those who do make out some claims on having books telling about signs or things knowing first before a dump or pump then those are bullshit type of claims.
They are just trying to sell out those books for other profit source which does simply shows that they arent really making money at all. hehehe
Yes, every market is unpredictable unless you're part of the whales club that unites altogether to make the markets move based on what you want to do.
That's what we know about the whales but still, they don't have full control on it. They can move it somehow as they wish but it won't be following their orders and desire for a long time.
newbie
Activity: 7
Merit: 0
Being hunting for the knowledge all the time. However, it seems all you have to do is follow your instincts. Obviously I have just started with the crypto after seeing the huge hikes in crypto market. But with my immense experience through Forex and eToro trading I do believe that you have to rely on your knowledge, research on the asset and it's behavioural changes according to the market. It can just give you that "hunch" whether to sell or not!
hero member
Activity: 2856
Merit: 541
Leading Crypto Sports Betting & Casino Platform
I can not recommend a book for you to read but if you want to know which coin can increase 50x in one year, I think you can invest in bitcoin. But if you want to know when to sell, you need to determine by yourself because we have our own target price. I can give you a clue when to sell and I think when you can see you are making a profit from the coin, you can start to sell, whether you sell at once or sell at a small amount so when the price can still increase to the higher price, you have the other amount and you can sell it at that high price. It is about how your strategy so you can know when to sell the coin.
hero member
Activity: 2590
Merit: 650
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Hi,
I am not willing to trade on a daily basis, but I know for example about the 2017 crash.
Is there a reputable book, written by a reputable author, on how to know when to sell? It's like if a crypto goes 50x in one year there is a chance at some point that there will be a crash. I need to know APPROXIMATELY when I should sell.

Thank you!
Since you there's a chance for the market to dump at some point just like what happen in the year 2017, the number one reputable book for you to understand/know when to sell your holding is following the market price and some possible news that will impact the market but if thats too much for you to handle install a price ticker on your computer and phone which will provide an updated price of the market.
With that been said, after the bullish trend, the real dump market (literally blood bath) usually happens in the last month of the Q4.
full member
Activity: 1190
Merit: 123
★Bitvest.io★ Play Plinko or Invest!
Hi,
I am not willing to trade on a daily basis, but I know for example about the 2017 crash.
Is there a reputable book, written by a reputable author, on how to know when to sell? It's like if a crypto goes 50x in one year there is a chance at some point that there will be a crash. I need to know APPROXIMATELY when I should sell.

Thank you!
Sadly, I can't recommend any book or ebook that can actually tell you this, because the future is unpredictable nobody can tell if after the crypto goes x50 its going to stop there cause it might still continue going up even up to x100, since no one can't predict the future 100% accurately that's why there is no such book, the crypto market is unpredictable you will need more than just an old book/ebook to know when to sell or buy.
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