Topic: First bull run - how to not sell too early? - page 6. (Read 811 times)

OP, since you don't have any bitcoin yet, I guess that you should move this topic to the altcoin board. You shouldn't expect anything much from your altcoins, and it is better that you sell them when the price pumps and quickly invest it into bitcoin. This is because it is only bitcoin that has the potential to give you good profit during the bull run.

Like others have said before, if you invest in bitcoin, you should have a price target i.e the price that bitcoin will reach before you will take profit, so that you don't get carried away with the anxiety and miss out the ATH price of bitcoin, to avoid regrets and selling your bitcoin when it hirs the bear. After the bull market, comes the bear market.

The only way to avoid temptation and not to sell very early, then forget about your bitcoin investment. Do not monitor the price too often and hold your coins by not setting any target when to sell. That way, you won’t be bothered by any market crash or when the price has surge high in an instant.

However, keep updated with the market and never stop from doing continuous research. When you see that the market is bullish, and bitcoin price has reached another all time high after the bull run, then you can decide to sell your bitcoin in order to gain maximum profits. It’s up to you if you’ll sell them all or only a portion of them. Just stick to your goal why you invest in the first place so you won’t be making regrets in the end.

It is very important that we should know this that we aren't yet in the bullrun season, the market may be going bull for now that things are pumping well and as expected, we should also bear in mind that anything can happen at any time and we see little of bear market than we expect before we eventually launch in for the bullrun drive after next year halving, now is just a period that the market is in favour of traders and not even the long time holders because we are faraway from bitcoin all time high of $68,000 and we expect the market to continue pumping like this till we get to where we are heading gradually.

Firstly it's important to know that next year is not the actually bull run rather what will be happening will be the halving of Bitcoin which will in turn induced a heightening in the price of Bitcoin because the halving will reduce the total amount of Bitcoin Available for circulation which will cause so many to keep Holding, a case of demand and supply causing inflation, this is exactly what will happen from later part of this year till a greater part of next year.

After the halving there will be a relative scarcity of Bitcoin which will lead to the continuous increase in price also known as the bull run or bull market. This will take part from later part of next year till early part of 2025 after which investors would have made a lot profit from holding, some 100% and above profit, in oder to bring this profit to reality they would begin to sell off their assets to realize the money physical and invest in another business probably, it's at this point when the bigger investors must have sold off their assets, we will now experience a gradual fall in price and know the the bear market is setting in, with this piece of advice applied with some patience and discipline I think you would make it better with your portfolio, anyways this is not a financial advise (DYOR).

I am quite convinced (without going to check the OP's post history) that he always said that only part of his investment is directed towards altcoins, but it seems that he has completely changed his strategy because x4/x5 profit is not enough for him, which is a bit illogical to me personally, but again on the other hand, I understand that some people want at least x20 or more, and they doubt that they can achieve it by investing in Bitcoin.

Without going into what exactly the OP invested in, it is possible that he will profit in the next bull run because altcoins usually follow Bitcoin, although we have witnessed that sometimes there are exceptions. In the last 7 days, BTC is up about 10%, the next coin is only a little more than 5%, and all the others in the TOP 10 (with one exception) achieved a smaller price increase.

If your whole portfolio is only altcoins, then there is no point in holding it for a long time. If you see you recovered your loss already, sell a portion of your holdings every two weeks. If you had Bitcoin, the suggestion could have been something else. Everyone has a target I guess. I have a target that I won't sell until Bitcoin touches the 80K mark. You might have your own target.

If you reach your desired price, do not wait for a further pump. People usually hold longer expecting it will grow more and more. But the process is no infnite, it will start collapsing at some point.

Hmm, I thought you invested in Bitcoin, well if not, then ALTs are also a good source to make some good money but from your statements, I got the idea that you are expecting more than 4x or 5x from your investment on ALTs. I will not discourage you, but only warn you, that if you really want to make 4x or 5x then you already have a plan and you only have to follow it.

Do not fall for little profits, while you have 100% confidence that, the alt, you have invested in, can make you 4x or 5x. For example, the current market, made me $100 profit (Alhamdulillah) at first I was making $45 then $55 then $70 then $90, well when the market went to $30600, I was making $100, so I thought I should book the profit at least, because the bull run is yet to start. It has not started. So don't fall for it.

We might see BTC to retest the price range of $27,000 to $28,000. And that price range is my entry point so I made my decision and have to agree on it even if the price of BTC goes further up after booking the profit, I have to agree with it and after booking the profit we should not regret our decisions, if you think you will regret then don't take profit. Wait more, but if you think you cannot bear the regret of losing the opportunity then book the profit. That's all I can say for now, because we don't know the future.

You should be able to plan your sell target after the bullrun whether it is $100,000 or $150,000, if it is only 30% profit you should not be tempted because it is too small because you should deserve at least 100% profit of your bitcoin holding.

Of course the plan must be thought of, now it's still too long to think about a bullrun it's better to accumulate because on a general basis people say $100,000 is enough to withdraw profits the rest is up to you whether you want more or keep it longer to get through the cycle.

Tip: Always HOLD on to make sure $100,000 is the best plan.

Well the perfect advise is be contented when you are in great profits already cash out sell it out and dont think if you sell so low. How you lll know its good to sell? I think its a matter of research. We knew the ATH price of such tokens and coin last bull run if ever they surpass it means there will be new ATH now based on charts movement and fundamental analysis if its strong then wait until you are totally satisfied then withdraw there will be series of rally which we cant fully understand how long it will last. Be observant and mindful.

I believe by now you should have a good knowledge on Bitcoin before investing. Holding or selling of Bitcoin depends on the perspective view of the investor. Bitcoin can be a store of value for most persons and this set of persons do not sell their Bitcoin because they hold it for their future. Another set of persons are the day to day traders who go into Bitcoin for sort term purposes. They are mostly considered as gamblers. Some are holders, these people buy and hold their Bitcoins for long term they do not see it as a store of value but they have a target price at their mind so they hold the Bitcoin for as long as it can take and within this period they gradually accumulate Bitcoin with strategy like DCA so tat they will have more before reaching the price target. So it depends on which side you fall under and how you trust Bitcoin for you to decide when to sell or not.

Thanks - this is all I am after just experience from those who have gone through bull run before.

After being in the red for so long it will feel like a win just being break even again but have to tell myself that is nowhere near where I want to be I want at least a 10x from my investment.

You do not sell until and unless your co-workers who never knew about Crypto are asking you or searching on how to buy Bitcoin or how to invest in Cryptocurrency.
That's the best signal out there to sell your stash and wait for the prices to calm down. This is what that actually worked for me in 2021 Bull Run when my friends asked me about Crypto.
And this thing will work for any X amount of years to come.

You still haven't learned anything from all those topics you opened and asked similar questions?

To begin with, I will tell you that no one can tell you when the moment is right, because no one has insight into the future. You have to be honest with yourself here, which means that you decide for yourself how much profit is enough for you, and if it is 100%, then you will sell then, and if you have set a higher goal, then you will wait and hope that the price will reach that point. You can reduce the risk by selling gradually as the price goes up.


You concluded everything yourself, the choice is yours to decide if it makes sense to be happy to sell and get out what you invested - but that means that all this time was pointless. I think you are too burdened with things that should be quite simple.

---

I was convinced that part of your investment was in BTC, but this statement changes the whole thing. Any discussion about altcoins should be in the Altcoins board.

I do not own any Bitcoin yet only altcoins.

I only have a small amount to invest so do not see it worth it for me investing in Bitcoin for maybe a 4 or 5x return in the bull run , I want more.

I am hoping I have a good bull run with the altcoins I have and then I may look at buying a full Bitcoin at some point.

My advise is for you to make analysis of when to sell. I think bitcoin may first face the first resistance at $100000. But it might go higher if the price continue to hit $100000 over and over. I am expecting more than $100000 though.

But nobody can know what the all-time-high of bitcoin can be and which means no one can answer you accurately.

Before getting into Bitcoin,  you are supposed to have your plans and targets as that will guide you in your decision making. If I may ask, are you buying Bitcoin now to sell all or part of it in next bull market? Are you buying to save for the future even beyond next bull market? What percentage of your funds did you inject into Bitcoin? Is it the part that will make you panic and would want to sell to recoup? If you answer these questions correctly, you will know exactly how to manage your portfolio and when and how much of your Bitcoin to sell when you see substantial profits.

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?