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Topic: First bull run - how to not sell too early? - page 2. (Read 811 times)

legendary
Activity: 2716
Merit: 1225
Once a man, twice a child!
November 04, 2023, 06:44:59 AM
#97
Quote from: JamesDaniel90 link=topic=5471317.msg63040165#msg63040165 date=169 s like children8052908
Any advice or individual plan when it comes to selling in bull run?
Utilize now that the market is relatively calm to make your analysis and draw up your expected level to exit the market before price begins to spike and investors and traders get carried away like children expectant of the first rain. Once the rally begins, there's going to be so much noise in the market that you're likely not to hear any more sensible but bloated and bogus analyses.

Don't base your exit on anyone's analysis then. Pick it now.

I'm looking at $120k – $150k for a fresh ATH. If we get past that, I take it as a bonus. Already Bitcoin is forming a pennant in 4hrs TF in readiness for a breakout. I expect it goes well up from there.
member
Activity: 253
Merit: 93
Humble Bitcoin Stacktivist
November 04, 2023, 06:04:08 AM
#96
The only advice I can give to anyone who is interested in bitcoin is to buy on a recurring basis and never sell it back to an exchange. Instead look for merchants who accept bitcoin spend your bitcoin as money with them.

Bitcoin is not an investment. It is a change in the way the global economy works and if you want to be a part of that change, buy (or accept, earn, mine, etc.) and hodl until you feel the need to spend it on something and then you can use bitcoin as money like it has been designed to be used; as peer-to-peer digital cash.
sr. member
Activity: 658
Merit: 321
I like to treat everyone as a friend 🔹
November 04, 2023, 12:57:13 AM
#95
Next year will hopefully be the start of the bull run and it will be first for me so just wondering if anyone has any advice/tips on how avoid the temptation and not sell too early?

All I have experienced so far in Crypto is bear market and with the market showing good signs over the last few days its made me realize that I am not used to the good times and I want to have a plan in place for when the bull run returns.

Even after the good few days recently my portfolio is still down 17% overall and at the worst I think it was 50% down so just getting back to break even will feel big for me but need to remember I am in this to do a lot better then break even.

Any advice or individual plan when it comes to selling in bull run?
Don't sell too early when the bull run starts next year. Because we know Bitcoin price is always trying to go to a higher point so wait for the market to see that higher point. Selling some amount of BTC and keeping the rest when the price of Bitcoin steadily increases. What we have seen from our general experience is that if the Bitcoin price is low for a few days in the market, then it goes back to high. Of course, if you can wait a long time in this situation, investing will save you some time. Also, you can sell in bull season and buy again in bear season, it will give you good amount of profit I think.
copper member
Activity: 2156
Merit: 983
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November 03, 2023, 09:12:55 PM
#94
How to not sell too early by just Buying DCA more and selling when bitcoin reaches new ATH is as simple as that.  Tongue

If the Bitcoin price continues following the 4-year cycle or halving price cycle you will get the All time high and you can sell it at that time.
full member
Activity: 504
Merit: 212
November 01, 2023, 05:40:13 PM
#93
Higher time frames and moving averages give an accurate signal for market change. If you use 200 EMA in a weekly chart of the bitcoin market you will see most of its previous signals are accurate. When the chandle crosses above the 200 EMA line it is a buy signal and when it crosses below it is a sell signal. You won't be able to sell at the peak by using this indicator but you will surely be aware of the direction change of the market.
full member
Activity: 700
Merit: 205
November 01, 2023, 05:38:37 PM
#92
Next year is a bullrun so what I have to say is that we should not miss this opportunity by not buying more of bitcoin, because their is some certain I believe and also understand that is the cause of we not having or making profits in cryptocurrency, so that time I believe that cryptocurrency is something you have to take out your time to cross examine before you invest, but a bullrun is on the way coming and is in 2025 and if time is not take I suspect that the price will rise above 50k but other people is predicting that price of bitcoin have gotten to a certain point that price of bitcoin will reach to some levels now
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
November 01, 2023, 05:35:27 PM
#91
Not to read every single article that comes out. Because it is so sure that many of them will come out and for you not sell early is not to read most of those.

Reason? It will play out your emotion.

That's true because your emotion will be based on what you read and if they're not even from a reliable source, they tend to have that intention of playing out everyone's thought and might push you to sell early due to panic.
hero member
Activity: 1834
Merit: 879
Rollbit.com ⚔️Crypto Futures
November 01, 2023, 05:28:07 PM
#90
When I got into the world of Bitcoin and the buying and selling of this asset, knowing when to buy and when to sell were some of the things I struggled with as it was all guess work not until I was forced to learn charting skills because the more experienced users explained the best price to take profit and when to sell using chart's and it was at this point when my interest for chart's grew.

So for those waiting to experience their first bull,use chart's to pick out at what price you will be selling/buying and use skill to do this and not guess work. Otherwise back then making profits was so much easier as Bitcoin was still that unexplored asset.
hero member
Activity: 1050
Merit: 592
God is great
November 01, 2023, 04:26:00 PM
#89
Mine suggestions learned during time.....
Best solution Is Always to keep a part of your funds in bitcoin because you don't need to spend it. Even the price goes down or up, you havent any issue because you can do without it.
another trick...uses a cold wallet or multisignature. these solutions don't stop you from spending sell in a wrong time but help you avoid compulsive actions Wink
I think having extra fund is only what can help not to tamper with investment because it is impossible to not sell when you are hungry. Having extra fund will encourage investors not even to reason to tamper with investment,  the target will always to hodl to get to the the target of selling high. It will be nice while investing instead people will be thinking and depending how they can make profit from Bitcoin  it is better to look how money can be generated from another source to solve problems.  Learning to be discipline when it comes to saving will also help people to get to their target of profit.
hero member
Activity: 2982
Merit: 610
November 01, 2023, 04:04:14 PM
#88
This is the market, no matter how much we plan, the market won't give us the stars easily. Just because a bull run has started doesn't mean it can take a correction from here. Since $8k has been pumped into Bitcoin. As a result of the pump, new funds have started coming in. 
The plan is useless if we don't follow it. Like if you plan to sell your Bitcoin at the price of $60k, you probably be waiting for it to come. But why some can't do it because they are impatient and their mind is full of uncertainties?
In order not to sell too early, then must have to do this;
 - be patient
 - stick to our plan
 - trust

The market is full of traps which is why we should have control our emotions, otherwise.
hero member
Activity: 1106
Merit: 912
Not Your Keys, Not Your Bitcoin
November 01, 2023, 02:13:23 PM
#87
Next year will hopefully be the start of the bull run and it will be first for me so just wondering if anyone has any advice/tips on how avoid the temptation and not sell too early?

I love the way you are unidirectional with your question.
Bull run brings mixed feelings and what drive lots of people to invest is because they want quick money but there is more to altcoins investment. They die off quickly and react quickly than bitcoin. Bitcoin is the reason why we have bullrun today due to halving, buy as much bitcoin you can but of course with the amount you are willing to risk, don't borrow money to buy bitcoin; be warned about that.

Quote
All I have experienced so far in Crypto is bear market and with the market showing good signs over the last few days its made me realize that I am not used to the good times and I want to have a plan in place for when the bull run returns.

Even after the good few days recently my portfolio is still down 17% overall and at the worst I think it was 50% down so just getting back to break even will feel big for me but need to remember I am in this to do a lot better then break even.

Any advice or individual plan when it comes to selling in bull run?

Exactly what I'm trying to shed light on. You have your wallet filled with chunks of altcoins that promises empty cann juice, bitcoin is waiting for any positive news before it takes a ride upward, going down now will be difficult but I can see that some altcoins are already been pump but when halving approaches, many of them are not going to pump again, it's going to be all about bitcoin.

I will say it one more time, buy bitcoin, then you can buy some altcoins if you think you want them for good return but just know that altcoins are very volatile if something where to happen to the market and don't forget to sell when you had already good profits.
full member
Activity: 448
Merit: 130
November 01, 2023, 01:41:47 PM
#86
This is the market, no matter how much we plan, the market won't give us the stars easily. Just because a bull run has started doesn't mean it can take a correction from here. Since $8k has been pumped into Bitcoin. As a result of the pump, new funds have started coming in.  Bitcoin ETF is supposed to be added if it is not approved now but ETF is playing a role in the market. If the ETF gets approved then all altcoins are likely to get pumped. Then we can see bull session. i think Bitcoin will be limited to bull run until halving.
sr. member
Activity: 784
Merit: 306
Hire Bitcointalk Camp. Manager @ r7promotions.com
Next year will hopefully be the start of the bull run and it will be first for me so just wondering if anyone has any advice/tips on how avoid the temptation and not sell too early?

Close your eyes, then choose a target amount for your portfolio to reach before selling. Along the road, don't get too greedy if multiple analyses reveal that the price will not reach the price you set for your take profit. I've not witnessed one, but these are my plans for when the bull run season arrives. 

Quote
Any advice or individual plan when it comes to selling in bull run?

Bull runs always occur after halving. Some people believe that a bull run is invariably followed by a halving, which is not the case. It takes some time for a bull run to occur after halving, but it is usually enhanced by halving. So, halving does not result in an instant bull run, wait for the bull run to happen before selling.
sr. member
Activity: 1316
Merit: 422
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Your belief in the potential that can be generated will guide you towards being more patient when temptation comes your way. An initial plan and target will give you the strength to restrain yourself when temptation comes. When you are faced with a situation that tests your resolve, you must stick to your beliefs and initial plans. Investment strategies can change depending on the situation that occurs in the market, you can change your initial plan if your expectations are difficult to achieve or the market suddenly collapses which can absorb back the profits that have been seen.

sr. member
Activity: 952
Merit: 275
Selling too early is better than not selling at all and seeing your portfolio lose tons of value, I wonder how those who bought BTC at 70k will be feeling till today, they will have to hold till the next bear market to make their money back, and that's because it's BTC, if it's any other altcoins they might never make their money back because altcoins don't always go back to their all time high again or possible died in the bear market.

You should have a specific target in mind, set a goal for yourself, know how much you want from the next bull market and make sure that it's possible, if you are targeting a 10x it's possible with projects under top 10 on coin market cap and if you want the 100x then newer projects are better, you don't have to listen to me, but this is what I believe.

Do not buy Bitcoin and expect a 100x, it's impossible and that's why people often get rekt, they will hold throughout the bull period because they are waiting for the impossible and it will never come, know what you want and take profit in bull market, there is nothing like losses when taking profits.
sr. member
Activity: 490
Merit: 325
Next year will hopefully be the start of the bull run and it will be first for me so just wondering if anyone has any advice/tips on how avoid the temptation and not sell too early?

All I have experienced so far in Crypto is bear market and with the market showing good signs over the last few days its made me realize that I am not used to the good times and I want to have a plan in place for when the bull run returns.

Even after the good few days recently my portfolio is still down 17% overall and at the worst I think it was 50% down so just getting back to break even will feel big for me but need to remember I am in this to do a lot better then break even.

Any advice or individual plan when it comes to selling in bull run?

A time will come when everyone will be shouting and jubilating that bitcoin is going to 200k, but do you know what, I haven't had much opportunity to experience that but research says that's the perfect time to sell and quietly exit the market for time been. It's just normal scope to keep everyone from selling and that is true. The big guys will move the price to the target they want and quietly leave the market without informing anyone.

Have a plan and a price target, if you are a seasonal investor then you don't have to hold your bitcoin forever just like other people that like holding for long time. Bullrun is going to come, it's some days away precisely April but we might not hit new all time high by then but subsequently after the bull run, all coins are going to pump for sure. Then you can sell when others are still hoping to see bitcoin in $300k or $1M as some of them use to say.
legendary
Activity: 3276
Merit: 3537
Nec Recisa Recedit
Mine suggestions learned during time.....
Best solution Is Always to keep a part of your funds in bitcoin because you don't need to spend it. Even the price goes down or up, you havent any issue because you can do without it.
another trick...uses a cold wallet or multisignature. these solutions don't stop you from spending sell in a wrong time but help you avoid compulsive actions Wink
newbie
Activity: 22
Merit: 5
I will share with you a few lessons that I have learnt since started my crypto trading/investment journey.

1. Make a plan. Without having specific, measurable targets and plan (where you want sell, how long you want hold etc.) you will be easily affected by market mood (fear or greediness). If you planned to sell some % of your coins when coin reaches X price - just do it. Yes, you may sell not on the top, but nobody can predict where is going to be top. And by selling this % of coins you receive back $$$, what gives you opportunity to hedge risks, what is good.

2. Don't listen to anybody. Loads of bloggers, media crypto "experts" share their vision of the market, but in fact they are in 99% of cases just theorists that don't follow own advice, they do not make money on crypto trading/investment, mainly they make money on telling people what to do and by selling books, private channels etc. So, don't rely on someone's predictions, only one way to become better - is own experience.   

3. Sell by using "ladder strategy". If you have 100 coins, divide them into 5-10 small groups (20-10 coins in one group) and when price is above your entrance point, sell on each price level some part of coins. It will help you to have the highest average selling price point. And if market crashes - you have some $$$ to buy crypto back.

It's only small piece of stuff that I've learnt since I am in that industry, but hopefully this small reply will be useful to you! Good luck, mate!
sr. member
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Currently as the year 2023 and next year we can expect the value of Bitcoin to increase. As we have a halving year ahead, Bitcoin price will fluctuate a lot and Bitcoin will gradually move higher. After the Bitcoin halving in 2024, the demand for Bitcoin will continue to increase and people will invest in Bitcoin and wait for the bull market. Investing when the crypto market is down will give you maximum returns if you hold it, I would suggest that when you invest you must do it for a long time. And right now the bitcoin market is in a good position, maybe by the end of the year bitcoin can touch $40k dollars, so if we buy bitcoin now, we can profit in the future. When Bitcoin halves in 2024, the Bitcoin market will become bullish the following year and the market will grow exponentially. So I expect buying and holding Bitcoin now for 2025 will give maximum profit as we can expect Bitcoin price to cross $100,000 in 2025.
full member
Activity: 1582
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Next year will hopefully be the start of the bull run and it will be first for me so just wondering if anyone has any advice/tips on how avoid the temptation and not sell too early?
Actually, this is quite tricky. Because after all, we cannot predict the actual price that will be reached during the next bullish era. But if it was Bitcoin, I think we could at least come up with some price sets. So we don't go all-in on just 1 price. Maybe we can start from last season's ATHbulsh era. Or at least if we have earned a profit of more than 50% of our capital, maybe we can start setting a price target with a certain percentage. Indeed, sometimes we have very high hopes, especially when there is news that will report that Bitcoin will reach its highest price, but we must not be too greedy, otherwise we will miss the moment. So, that's what I think is easiest for us beginner players, to set several price targets at several rates. However, it is not far from last season's ATH or even more.
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