Personally i do not believe in selling off my portfolio just because I want to hold some bitcoin. Every token have their own purpose to serve. In fact, there are some altcoins than can be of benefits than bitcoin in the future because they can bring better returns than bitcoin can bring. I will rather look for extral money to invest in bitcoin than sell off my portfolio.
So you and OP are more like a long term holder that unless coin going very far in the future and serve its purpose? Only till that, you guys wouldn't consider selling? If everyone in crypto like you guy, I'm betting we going thru many price increase by now cause no one wants to sell. 
Topic: Dont sell off because of the period (Read 1025 times)
I think the best time to sell should be at this moment while market is still green, don't aim be to greedy about profits everything will correct and will be disappointed when the market correct and lose profit, but everyone has their own way of profiting.
for some alts for example ETH and XRP I think this is not the right time to sell. first for ETH because there are a few days left before ETH 2.0 testnet and I think the opportunity to reach $400 is still there, and XRP seems to have good news so that XRP can return to $0.3 it's just that I'm not sure if the opportunity to $0.4 exists because this all depends on bitcoin too
I think the best time to sell should be at this moment while market is still green, don't aim be to greedy about profits everything will correct and will be disappointed when the market correct and lose profit, but everyone has their own way of profiting.
for some alts for example ETH and XRP I think this is not the right time to sell. first for ETH because there are a few days left before ETH 2.0 testnet and I think the opportunity to reach $400 is still there, and XRP seems to have good news so that XRP can return to $0.3 it's just that I'm not sure if the opportunity to $0.4 exists because this all depends on bitcoin too
I think the best time to sell should be at this moment while market is still green, don't aim be to greedy about profits everything will correct and will be disappointed when the market correct and lose profit, but everyone has their own way of profiting.
Personally i do not believe in selling off my portfolio just because I want to hold some bitcoin. Every token have their own purpose to serve. In fact, there are some altcoins than can be of benefits than bitcoin in the future because they can bring better returns than bitcoin can bring. I will rather look for extral money to invest in bitcoin than sell off my portfolio.
Everyone will have different thoughts, but I'm sure any investment is risky. If you want to make a quick profit, altcoin will always be the first choice for you, but I recommend you only choose the coins in the top 100 CMC to minimize unnecessary risks. I am not interested in new coins because that investment is often very volatile and often makes me lose so in recent years, I have been very careful when investing.
Selling off or not selling at all could be risky at this moment. I sold off 35% of my BTC hodlings USDT at $11k on https://changenow.io
I'm set to sell another proportion at 12.5 - 13k, hoping to come true soon and buy back at 9.8k USD
This is simply how I roll at the present bull run, to avoid any story that touch.
This Bitcoin pump is from the lowest price in a few months 3.8k to running price. Before this pump, Bitcoin prices were here two more times and now this is the third time. Don't you think that correction time is over? After this halving Bitcoin price should be more than 12k USD. Bitcoin could dump again to 9.8k USD but chances are very low. I'm set to sell another proportion at 12.5 - 13k, hoping to come true soon and buy back at 9.8k USD
This is simply how I roll at the present bull run, to avoid any story that touch.
It is always depend on the person who invest and the status of his investments, i think we need to set a limit on every investment that we make, and if we think the price will meet our qualification we can sell it and gain profit. Sometimes the price is really rising and we maybe hold but in the other day we maybe loss because the price fall down very quick everything in crypto is high on volatility so proper timing is always important in every rising or falling period.
Am not the one to endorse all altcoin, or point someone to the direction of trading or investing in one. But am the type of investor that does believe in shaking or shivering with situation.
Bitcoin is rising and thats good. Rumors can say the up coming bitcoin halving has something to do with it.
Many are now quick to sell off altcoin that they have been holding with so much promise.
This can be of bad consequences, I am the one to always invest in BTC if I have the found to get one, but I did not invest in bitcoin because of increasing price.
What you tend to loose selling of your coin
+ all your time of investment would become in vain: long term holder of altcoin should not without a thoughtful look sell off there coin
+ things might not go as you planned: the ball can go two ways, one it can go in your favour and two go against you.
I understand that investing in something more promising -bitcoin for example- is productive, but rather than, selling off just invest in it with available raw capital.
Bitcoin is rising and thats good. Rumors can say the up coming bitcoin halving has something to do with it.
Many are now quick to sell off altcoin that they have been holding with so much promise.
This can be of bad consequences, I am the one to always invest in BTC if I have the found to get one, but I did not invest in bitcoin because of increasing price.
What you tend to loose selling of your coin
+ all your time of investment would become in vain: long term holder of altcoin should not without a thoughtful look sell off there coin
+ things might not go as you planned: the ball can go two ways, one it can go in your favour and two go against you.
I understand that investing in something more promising -bitcoin for example- is productive, but rather than, selling off just invest in it with available raw capital.
It depends a lot on what people are investing and what is causing them to sell off. I don't think there is a simple answer to that some people sell off when they are in need of money and others prefers to hold their ground. Its always wise to move with the market but you have to take other things in consideration that are out of person's hands such as new opportunity, need, control over emotions etc.
Selling off or not selling at all could be risky at this moment. I sold off 35% of my BTC hodlings USDT at $11k on https://changenow.io
I'm set to sell another proportion at 12.5 - 13k, hoping to come true soon and buy back at 9.8k USD
This is simply how I roll at the present bull run, to avoid any story that touch.
Perhaps this will be the right decision and you will receive a good profit from this sale of 35 percent of your bitcoins. True, bitcoins were sold when their price was 11,000 dollars, and now the price of bitcoins is 11,540 dollars, that is, now the sale would be more profitable. However, one cannot count on making the most optimal decisions. The cryptocurrency market is too unpredictable.I'm set to sell another proportion at 12.5 - 13k, hoping to come true soon and buy back at 9.8k USD
This is simply how I roll at the present bull run, to avoid any story that touch.
It is possible that bitcoin will soon go to correct its price. They say that whales are already transferring their bitcoins to exchanges. Despite this, bitcoin will grow again after a while.
Our main object is to make profit from our investment. Only holding for long time will not give me any income. So, I have to sell in any convenient time. If price increases, I get a chance to sell my coin and make profit. But it is correct that everyone should have a well plan to sell the coin. A single unit of price increase does not indicate the best time for selling all the time. It depends on the situation. But we should not sell off because of the period.
We all have a sort of threshold point in terms of time/period on holding an investment. After a set amount of time or period, we expected to see a profit or at least, a positive sign to justify a hodl status. If not, very hard to convince me personally to keep on holding it, profit or not. There is plenty of chance of there and to me, I don't want my capital fund not doing anything so I have to sell even as a loss.
At this time we can sell something because alt coin or token now high price but ETH can going to high more i think because they launch ETH2.0 so investor invest in this coin ETH sell off is good for now and get hope something.
I have taken a step back and waiting to see how the so much anticipated ETHEREUM 2.0 performs and what impact it would bring to the prices of ethereum. I was riding the train of FOMO but I just realized that I better keep my coins in bitcoins and when I actually see the new face of ethereum then I should invest some because I have often been a victim of FOMO games played by various coins.With the price floating up nicely for bitcoins, I am actually happy with my decision and I have no problems holding bitcoins and selling all alts I hold if the price keeps on floating upwards
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Yes, the time of investment should be a factor to see if you're actually making a profit for your holding time. Most traders quickly sells their bag when the price high without even think about is it really worth for all the time of holding.
Some people always think that if they invest in altcoin they will surely turn into a big win just like BTC in the beginning. There mindset are sets to be grateful that they didn’t know the huge possibility that these would be a scam or loss of their investment if the project goes wrong. If were planning to a long-term investment, we should ready to hold them really a long time and don’t bother any correction happen in the market.
We should also make sure the token we invest. New projects seem very risky now even they success in their ICO/IEO. The possibility of losing them is still high even they already tradable in exchanger.
We should also make sure the token we invest. New projects seem very risky now even they success in their ICO/IEO. The possibility of losing them is still high even they already tradable in exchanger.
At least, we can reduce the amount of loss even with selling in this period if we holding good cryptos like BTC and ETH. It less likely to get low and have a good potential to come higher after all bad things blow over.
Yes, if for the time being it's better not to sell first because the price of Bitcoin and Ethereum is in good condition and always has a good increase, and I think people who don't have the chance to buy BTC and ETH when the price is still cheap will feel a little sorry to currently.I like the idea of ETH 2.0 and all the announcements being made overall, just keeping an eye on the implementation and how the market responds to it.
Coming back to what you said, I don't think anyone feels sorry to miss out on a cheaper price usually unless it is a massive drop like it happened in March and people who dumped or missed buying during that time might have regretted but not buying now I don't think is much of a reason to regret because price is although moving up, is pretty slow and steady.
Some people make the mistake of thinking that altcoins are better than Bitcoin in the beginning, and as time goes on after they have invested their money in altcoins they start noticing some huge differences and seeing Bitcoin performing better than the altcoins they have invested in. When they start seeing these changes they are forced to sell their altcoins and invest the money in Bitcoin.
So, it’s always best to have this thought at the start, and know if you’re ready to hold that asset for as long as it takes. If you want to buy Bitcoin, then plan properly, invest at the right time and wait.
So, it’s always best to have this thought at the start, and know if you’re ready to hold that asset for as long as it takes. If you want to buy Bitcoin, then plan properly, invest at the right time and wait.
It's better to keep holding your altcoins, selling altcoins for Bitcoin is not bad but holding your altcoins for long term is more profitable ever, now that Bitcoin keeps surging once it's dominance start dropping altcoins will start surging, it's better to wait
I always have a reservation when it involves selling off of tokens, assets; As a trader, or an investor, you definitely can sell off your assets any time, irrespective of the period it falls; i say this because in investment, what matters is that you are in good profit; not the period.
Obviously, what you are saying is a very correct strategy, because the most important investment is profit, not a case of a bad or good period, because there are also many traders who have profits when the market is in a bad condition, this reflects that the trader is very professional in trading. Selling off is complicated i must say, and if we are being realistic; there is no faulting anyone that picks up profits in this time.
Because during the last deep dip when bitcoin went to 3700$, those who bought and invested are now in over 100% profits; if they decide to sell off the profit and hodl the initials, do you think it is because of the period ?
There are several reasons why profits are taken; and sometimes when we sell in loss; there are potential valid reasons too.
Because during the last deep dip when bitcoin went to 3700$, those who bought and invested are now in over 100% profits; if they decide to sell off the profit and hodl the initials, do you think it is because of the period ?
There are several reasons why profits are taken; and sometimes when we sell in loss; there are potential valid reasons too.
Yeah...period to sell off for individual at times might not primarily depend on the market situation on ground. Some sell off not at their best desire but they needed to get some things done with money, so they don't have another choice and some don't really stand on having much profit before selling off, they believe in making little profit and sell it to reinvest. There are just lots of things that surrounds selling off.
The truth about crypto space is that having different kinds of tokens make you to stand a better chance for pump in prices. I do not support the idea of selling other coins for one particular coin. I feel having different kinds will give you a edge over other when bull run is here because we never know which one will bring a better price.
Basically this is so, but in the case of crypto space, when BTC starts to rise slowly, then some Altcoins that are often ranked in the top 10 will also experience an increase even though the percentage will not be exactly the same, so it won't be wrong if someone sells several Altcoins in order to have Bitcoin. Jump to: