Topic: First bull run - how to not sell too early? - page 4. (Read 787 times)

It totally depends upon your situation and our advice will Only fit if it aligns with your strategy. first of all you should make a goal in your mind that how much profit you would like. Your holding strategy will also help you because the more you could hold the higher the chances of profit. we will see many up and down in this duration but if we already have a selling target then we would not panic with short time market bearish. normally I think our goal should ne 2x and if we could wait then 4x is best option.



I think you started learning crypto very late this why you have not seen a bull market. don't worry bear market almost over and we already entered in first phase of bull and hopefully we will see long time bull market this time.



Would you like to tells which coins you have invested. sometimes we invested in coins which are trend based and price not increased with bull market so we have to wait long.

Bitcoin should not be sold during this small bull run, as a bigger bull run awaits. Now if you sell out of your portfolio you can definitely face losses. That's why this little bull run won't last long at the moment, and the price of Bitcoin is likely to drop significantly. So you keep waiting for future bull run because you will be more profitable and your portfolio will be bigger. And you learn to hold Bitcoin for a long time.

What is "too early"? It's unrealistic to expect that you'll be able to sell exactly at the top, because the top exists only for a few hours and it could be that you'll miss this opportunity because you're unable to trade at that moment, or because the price crashed while you were deciding.

It's reasonable to expect that the price will break past the previous ATH, and after that the bull market will last for some time. The longer you delay selling, the bigger price you'll get, but keep in mind that the bull market ends with a very fast crash. In the past market, you could sell for $50k while it was going up, or for $50k while it was going down. But selling for $69k was quite unrealistic.

The bull market always starts at the Q4 of the year before the Bitcoin halving year. Most of the BTC enthusiasts believe it always started in October and that's the reason behind the slogan "Uptober" used in the market today.

The best way to avoid temptation starts with
1 Having a plan (set a goal) for your BTC investment
2 Always use the DCA method to invest so you won't invest the fund that's meant for something else that could make you sell early or at a lost price.
3 Keep your BTC in a non-custodial wallet because you're technically not the BTC owner if not keep it in a non-custodial wallet.

The bull run has already returned, and the giant investment organization (BlackRock) is pumping funds into the BTC market. All you can do now is follow the advice I provided above.

Bitcoin is now at a better price and If you want to invest, you can take it a step further.  The $35k price is good as before it was $26k, so still can take an entry as many are saying it will go to $40k. But we can just take suggestions from others although we have to look at our strategies. That is what is suitable for us and what is the best price to take an entry. To get up your portfolio, you should start day trading with the investment you hold.
As previously you are also at a loss, so I don't think that holding in here will be a better choice for you. You can go for day trading but that should also be in coins like Bnb, Ethereum, etc. Not in the meme coins and if you are a good trader you can go for the bitcoin if you have a bigger portfolio indeed.

Well, since we are not in altcoin section I assumed that we are talking about bitcoin and not altcoins. And yeah, its true that many altcoins made much more than x10 in the last bull run but it only happened over very short period of time.

I gave up on altcoins ~5 years ago as I coulnd't bother to check price obsessively for months in order to sell on time because if you miss that short window you will end up being a bagholder.


Much easier said than done, especially if its your first bull run and you can basically forget about selling on time unless you are incredibly lucky. You will see what I am talking about once things start pumping like crazy.

Why? Many altcoins done a 50x , 100x or even 200x last bull run - I only want a 10x which won't take much in some of the coins I am holding.

Actually, there are always special tips to avoid every temptation that comes to us, but I don't know what kind of temptation you are facing right now. Because if the temptation is not to sell too early, you just need to ignore the small profits and not panic when prices continue to decline in the assets you own. But if you have Bitcoin that you bought this month or last month at a fairly low price, perhaps today you have seen a slight win with the Bitcoin price increasing.

Today you can see the increase in prices in the market, which is especially true for most cryptocurrencies including Bitcoin, so you don't need to worry about bearish conditions which only occur temporarily. Because an increase like what happened today is still possible to continue to happen in the future which generally often happens with Bitcoin, but I also don't know what cryptocurrency you are holding right now.

Lol that's a good one! I would just add that you shoulnd't sell to your friends at that point as it may get ugly once bitcoin price goes into correction. 



If that's your target, then I think it will take you a little bit longer than the next bull run to get that kind of return. Unless your average entry price is much lowet than the current one. What I would advise you though is not to try sell all at once at some imaginary prcie but instead sell certain percentage of portoflio at certain levesl. Well, at least that's what I am doing every bull run.

So how many new friends are you getting per year? I don't expect the same old friends that asked you this question to come back in the next bull market to ask the same question, they would have learn, anyway, never mind.

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I think it's better to have your taking profit strategy in place, there is one thing that stands out for me looking at the past chart history of Bitcoin, and it shows that Bitcoin always go higher than it's previous all time high, so I think it's safe to start taking profits somewhere a bit over 70k or more, and also be alert on what's happening with the market.

Move people are in huge profits in 2021 bull market and they failed to take their profits because they thought the price will still go up, this is why I don't like to relax when I am already in profit, take them while they surge continues, it's better than sitting on your hands and end up riding the fall back down again.

Remember that it takes years to see another bull market again, it will be painful to not take profits at all and see another bear market take place again.  

If you don't want to sell your crypto assets at a price that might be said to be too early or still in the context of potentially experiencing another increase, the key is simple, namely that you only need to have a definite sale (target). Because having a definite price target will make it easier for you to take profits and won't make your mind confused or doubtful when you want to sell your crypto assets. Because if you don't have a target price for selling the crypto assets you own, you will definitely tend to be even more confused when you want to sell them. For example, afraid of selling assets too early or afraid of missing out on sales because the price of crypto assets is afraid of falling again. However, if you already have a target price, of course you won't be confused when you want to sell your crypto assets. Because you already have a definite goal.

In addition, when the market is bullish in the crypto market, the price of each coin usually tends to experience quite a high price increase. However, my advice, when the bull market comes, what you have to watch out for is greed. Because many have proven that greed usually has a big potential to damage or cause crypto investors to experience losses. Therefore, if for example one day you have made a profit from your crypto investment and the price is in line with your initial target, it would be a good idea for you to immediately sell the crypto asset. Because if it is not sold, the worst possibility is that the price will drop again. And in the end it will work against you.

You should understand that it is impossible to sell your coins at the highest price, as well as to buy at the lowest. And in this case, you do not need to experience Foma that you have not fully realized the goal. The only correct recommendation would be to fix the profit in parts. The main result should be a profit, the value of which you would be satisfied.

I am not sure if you read the full post I wrote. I know he has not recovered yet. But I said If you recover your loss, start selling after every two weeks. It's like DCA which won't give him much profit, and he won't lose much as well. I am always afraid of alt coins. I cannot give any guarantee that a specific alt coin will be in the same price range after a week.

Most alt coins are centralized and the developers can manipulate the market which is the reason I do not trust them. An altcoin can be down almost 90% in a week. So, I don't know what else could be a good decision.

Well we don't know what your target is for the bull market and what price you're expecting to take profits so our advices will be based on what will be doing ourselves and not you. Just take some tips from us and come up with a strategy of yours. To begin my tips I'll say, don't believe any prediction you see online. People mostly speculate based on how it favors them and not the public, we still have those speculating the bottom of the market to be $15k and they could be right or wrong but from the looks of the market it seems we have already tasted the bottom of the bear market. This is the same way people will be speculating an unrealistic price when the bull market starts but don't listen to them.

If you're good with charts you can interpret the market yourself but if you're not good then you can sell when you're in profits. To me it doesn't really matter which price you sell but if you're in profits then you had a successful trade. There'll always be more opportunities to make more profits in the future when you reinvest but if you're still not certain on selling then continue holding and wait for the future because there's going to more profits from where the price increase is coming from. Also you can have other Bitcoin that you can sell for profits when the market has given you enough gains and then have other stash of Bitcoin for long term holding.

By now, you should know when there is a bull run, nobody knows how high bitcoin will be going, and when there is a bear market, nobody knows how low bitcoin will be going. Best thing is to do your analysis and know when to buy and when to sell. I just believe that’s the best. You might be thinking bitcoin has gotten to the top but will still end up going higher, but what I will recommend to you is that when you are selling your bitcoin, don’t sell it all at once, just divide it and sell it in parts.


I don’t know the strategy that you used in accumulating your coin during the bear market. I would have recommended that you use the same strategy when selling during the bull run, but maybe you just accumulated your coin at once. But no one can tell you when to sell your coin during a bull run, you can just sell in parts, just as I mentioned earlier, or whenever you are satisfied with the profit, you can just sell.
 
But you also have to know that you won’t be able to sell your bitcoin at the highest price because nobody knows how high bitcoin will go, so even after selling, always expect your coin to pump more, every decision is left for you to take.

You have a target, you just need to try your best as possible to meet up your target. You need to try your best of getting another source of income, this will help your investment in bitcoin be  and depending on it when you are out of money can make you to sell of your bitcoin . I think the problem people normally have investing bitcoin is when they are so desperate of profit and predicting when the bull will take place it makes them not to be able  to exercise patience when all predictions fails to take place.

I did not say my target is break even. My target is to at least 10x my portfolio.

I said getting back to break even will feel big for me as i have spent all of my crypto journey up till now at a loss.

DCA out, you sell certain percentage of coin at different price points. Aside from that, I've held coins having significant gains until they turned to dust, from that point of view selling at any price point sounds like good idea, just remember to sell, don't get freezed with gains and do nothing.

I know you gonna make huge gains, good luck.


Lmao

How can you say that?

Bitcoin is great for those who have a decent amount of money to invest and want a 4 or 5x but for the normal person like myself we want more then that.

Some altcoins will not make it to the bull run but many will and many will see much better returns then Bitcoin will over the next 18-24 months.

It is normal to want to sell your investment if you get some profit in the investment but you should not be greedy if you want to make more profit then you have to be patient enough. For long-term investing, you set a target, and no matter how the market moves, you never sell your investment until your target is met. If you want to see the profit or loss of your investment after a while, then you should logout your invested exchange account and refrain from watching the market for a few days. When you stop watching the market for a few days, it will become a habit and you will be able to hold your investment as long as you want. It seems to me that this is the early stage of Bitcoin price growth and we have better times ahead of us.