Topic: Does selling during a decline guarantee a sell or can you ride it to the bottom? (Read 392 times)
November 04, 2013, 12:55:32 AM
If a bubble pops, the price drops $10 in a heartbeat. To make sure your coins sell, price them at $10-15 below spot.
November 03, 2013, 11:55:01 PM
I've read about the moving averages theories on when to buy and sell but was curious if a sale was guaranteed when you click the sell button. Basically, if BTC is selling for $250 but it begins a downward trend and I choose to sell at $240, is that sale guaranteed to happen? Or am I dependent on buyers who are willing? Is there a worry that during a decline a sell command doesn't happen at $240 (since everyone sees it declining and doesn't buy) and I am unable to actually sell the BTC until it levels out at the bottom of its decline? Is there a way to avoid this?
Does the exchange location change this answer? If I sell at Mt Gox, is it more likely to go through than if I sell in Coinbase?
Finally, is the reverse true? If there is an upward spike I can click buy, will it go through or is it possible that the sellers choose to not sell at the price and wait to see how high demand takes the price?
Thank you for your help! I'm studying the theory of buying and selling but want to make sure the reality is feasible. If I can't actually sell when the signs say so then this is much riskier than originally thought.
You can only sell at a price someone who wants to buy.Does the exchange location change this answer? If I sell at Mt Gox, is it more likely to go through than if I sell in Coinbase?
Finally, is the reverse true? If there is an upward spike I can click buy, will it go through or is it possible that the sellers choose to not sell at the price and wait to see how high demand takes the price?
Thank you for your help! I'm studying the theory of buying and selling but want to make sure the reality is feasible. If I can't actually sell when the signs say so then this is much riskier than originally thought.
If you want to sell for sure, choose 'sell by market price' option provided by some exchanges. If your exchange does not provide this option, you could sell at '0' or a reasonable lowest price you can accept. The system will choose the best bids for you.
November 03, 2013, 11:30:12 PM
I've read about the moving averages theories on when to buy and sell but was curious if a sale was guaranteed when you click the sell button. Basically, if BTC is selling for $250 but it begins a downward trend and I choose to sell at $240, is that sale guaranteed to happen? Or am I dependent on buyers who are willing? Is there a worry that during a decline a sell command doesn't happen at $240 (since everyone sees it declining and doesn't buy) and I am unable to actually sell the BTC until it levels out at the bottom of its decline? Is there a way to avoid this?
Does the exchange location change this answer? If I sell at Mt Gox, is it more likely to go through than if I sell in Coinbase?
Finally, is the reverse true? If there is an upward spike I can click buy, will it go through or is it possible that the sellers choose to not sell at the price and wait to see how high demand takes the price?
Thank you for your help! I'm studying the theory of buying and selling but want to make sure the reality is feasible. If I can't actually sell when the signs say so then this is much riskier than originally thought.
You can only sell at a price someone who wants to buy.Does the exchange location change this answer? If I sell at Mt Gox, is it more likely to go through than if I sell in Coinbase?
Finally, is the reverse true? If there is an upward spike I can click buy, will it go through or is it possible that the sellers choose to not sell at the price and wait to see how high demand takes the price?
Thank you for your help! I'm studying the theory of buying and selling but want to make sure the reality is feasible. If I can't actually sell when the signs say so then this is much riskier than originally thought.
If you want to sell for sure, choose 'sell by market price' option provided by some exchanges. If your exchange does not provide this option, you could sell at '0' or a reasonable lowest price you can accept. The system will choose the best bids for you.
November 03, 2013, 11:11:17 PM
Nothing is guaranteed, however if there is a huge momentum or buy wall is big and your ask is accepted by the buyer (assuming you're on an exchange and selling there), chances are it'll be sold quickly however if it's going rapidly from $250 -> 200 or less and the buy wall is small - it'll be slightly harder to sell your bitcoin. It would really depend on the buy wall or how desperate the buyer is.
November 03, 2013, 10:43:10 PM
I've read about the moving averages theories on when to buy and sell but was curious if a sale was guaranteed when you click the sell button. Basically, if BTC is selling for $250 but it begins a downward trend and I choose to sell at $240, is that sale guaranteed to happen? Or am I dependent on buyers who are willing? Is there a worry that during a decline a sell command doesn't happen at $240 (since everyone sees it declining and doesn't buy) and I am unable to actually sell the BTC until it levels out at the bottom of its decline? Is there a way to avoid this?
Does the exchange location change this answer? If I sell at Mt Gox, is it more likely to go through than if I sell in Coinbase?
Finally, is the reverse true? If there is an upward spike I can click buy, will it go through or is it possible that the sellers choose to not sell at the price and wait to see how high demand takes the price?
Thank you for your help! I'm studying the theory of buying and selling but want to make sure the reality is feasible. If I can't actually sell when the signs say so then this is much riskier than originally thought.
Does the exchange location change this answer? If I sell at Mt Gox, is it more likely to go through than if I sell in Coinbase?
Finally, is the reverse true? If there is an upward spike I can click buy, will it go through or is it possible that the sellers choose to not sell at the price and wait to see how high demand takes the price?
Thank you for your help! I'm studying the theory of buying and selling but want to make sure the reality is feasible. If I can't actually sell when the signs say so then this is much riskier than originally thought.
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