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Topic: Good time to sell? (Read 1086 times)

hero member
Activity: 2786
Merit: 646
October 10, 2023, 02:52:57 PM
Given how things are shaping up, it seems like there are two possible futures for Bitcoin in 2023-2025. Either the world enters a bad recession and everyone is selling assets like 2008 causing Bitcoin to enter a downward feedback loop with miners going bankrupt and the price collapsing at unseen rates, or we continue to see what we’ve always seen, the price rises significantly over the next 24 months, and Bitcoin continues it’s growth story. I personally think the odds are better we’ve got one last pump on the way.
People should at least having that time on trying to look about into these probabilities about recession on which it could really cause the entire market would really be having it crash or free fall and this is one of the risks involved when dealing up with this market and it isnt really just that limited to crypto but also in other markets as well or to those traditional ones on which means that there's no way on avoiding it.
This is why it would really be that advisable that you should really be that getting prepared on whatever things that might happen in the future because there's no one would really be able to know
on what would happen ahead.

This is why it would really be always better and wise on taking up profits as much as you could or as much as possible because we dont really know on whats next. Diversify on different income earning
kind of business or investment as much as possible whether physical or online as long it would be beneficial to us then this what really counts. Dont make yourself that having those regrets
and ending up on whining just because you didnt really make out such step or action while its still early.
donator
Activity: 4718
Merit: 4218
Leading Crypto Sports Betting & Casino Platform
October 10, 2023, 02:27:56 PM
Given how things are shaping up, it seems like there are two possible futures for Bitcoin in 2023-2025. Either the world enters a bad recession and everyone is selling assets like 2008 causing Bitcoin to enter a downward feedback loop with miners going bankrupt and the price collapsing at unseen rates, or we continue to see what we’ve always seen, the price rises significantly over the next 24 months, and Bitcoin continues it’s growth story. I personally think the odds are better we’ve got one last pump on the way.
legendary
Activity: 4116
Merit: 7849
'The right to privacy matters'
October 10, 2023, 09:53:06 AM
A simple question to those who are hoping to profit on the next Bitcoin bull-run:
How do you determine when is the good time to sell?
in other words: how would you know we've reached the peak?

Do you have a set "goal" price at which you'd be selling no matter what happens? Do you intend to sell incrementally as the price goes up? Or maybe when the price gradually drops (e.g. it goes down for X days in a row), indicating we're past the peak?

All of below is based on USA taxpayer and you do not need the money.

If you are 2x the investment no.

If you are 3x the investment maybe.

If you are 4x the investment yes.


If you put in 10,000 usd and could sell for 20,000 usd by the time you pay taxes of 28 % or more.

you would be down to 16,500 so no big deal not worth the sale.

If you put in 10,000 and could sell for 30,000 by the time taxes are paid you are at 23,000

which with todays inflation is meh.


If you put in 10,000 and could sell for 40,000  it means you could sell half get 16,500 be ahead and let the other half ride or

you could sell all and get about 29,500 after taxes which is about  3x your investment and it would have beaten inflation.
hero member
Activity: 1470
Merit: 783
October 10, 2023, 09:39:20 AM
--cut--
The best option is to ignore the negative news in the market, apply the DCA method and wait. Bitcoin price may fall, but when it does, more can be purchased. If we believe Bitcoin's ATH, the current price is very cheap.

If the Bitcoin price falls, it will take a short time for the price to recover again. That's why I think buying at the current level and waiting or acting with the DCA method will pay off.
They should be able to ignore negative news, but when they spend more time in the crypto space it's hard to ignore - some people use negative news to buy bitcoin regularly in these situations.

We already know, when bitcoin goes down - buy - HOLD sometimes they wait for it to get even cheaper.

There is nothing wrong at the current price level, there are always many who remind us to keep buying at all costs, I feel this advice has become common, let this become part of us to keep buying forever with the DCA method.
sr. member
Activity: 826
Merit: 460
October 10, 2023, 06:04:56 AM
Buying when the price is cheap and selling when the price is at the highest resistance point according to your analysis is quite simple. Of course, over time, bitcoin will continue to run to reach a new ATH, and well the lowest price will most likely change, it will not always be at $27k, but higher than that. So the point is to take advantage of all the opportunities that come to you, look at it from various sides and if you are sure then you can start by implementing the planned targets.
After all, you can sell BTC at the highest resistance level of our currently time and still face a sudden rise in price right after that, being unable to acquire the same portion of Bitcoin you had before with the profit made from the sale. I believe a good time to sell is when you can cashout more money than you put into your investment. The perfect opportunity is unreachable, as it consists in an unpredictable thin fraction of time, and therefore shouldn't be pursued by investors. Realistic and concrete goals must be set by investors, such as next ATH, next bull run or as soon as BTC reaches X value.

It's always like that and that's our goal to be able to achieve a definite profit, buying at the lowest area according to your analysis and selling at the next few resistance points, and well I hope you will be able to see first from various sides, if there is some confirmation that indicates that the price will continue to rise then you can continue to hold and wait for it until a more perfect or profitable selling point is reached, but if you really don't want to take too much risk then some not too significant increases can be used to sell, the most important thing is that we must remain healthy investors by always taking profits even if they are small.

As you said the right time to sell is when you can reach a higher price than your previous purchase price in order to achieve profit, but I think it will not be that easy because the market will not always be in our favor. So therefore we have to really prepare a good plan especially to minimize the possibility of losses there and well the last thing I think planning is like a bridge for you to be able to achieve real profits and that's very important.
legendary
Activity: 2436
Merit: 1561
October 09, 2023, 06:21:37 PM
Any time that bitcoin isn't surging continuously for weeks or days is a good time to buy because this time of bitcoin prices wavering between rise and dumps would be an opportunity in hindsight when bitcoin finally gets to a new ATH and there's also the possibility that when the new ATH will happen, bitcoin might increase it's price floor and this 27k USD won't be seen ever again. It's not difficult to see because we've seen bitcoin touch 70k last time so it's not that difficult to wrap your head around it.

I disagree with the first part of your post. "Not surging for weeks" alone is a crappy "buy" indicator. You wouldn't want to buy when prices are falling after reaching the peak of the cycle ("don't try to catch a falling knife" rule).
Even if the price seems like the bottom, you don't necessarily want to buy too soon before the next bull-run. Hodling 2-3 years means a lot of opportunity cost.
legendary
Activity: 3080
Merit: 1130
October 09, 2023, 05:49:30 PM
I think now is the time to buy, we can still get opportunities at cheap prices, to get big profits of course we have to be patient waiting for the halving day which will occur in about 5 months, many experts believe that when the halving day the price can reach at least $100k, it might sound difficult to happen when looking at the current conditions.
Any time that bitcoin isn't surging continuously for weeks or days is a good time to buy because this time of bitcoin prices wavering between rise and dumps would be an opportunity in hindsight when bitcoin finally gets to a new ATH and there's also the possibility that when the new ATH will happen, bitcoin might increase it's price floor and this 27k USD won't be seen ever again. It's not difficult to see because we've seen bitcoin touch 70k last time so it's not that difficult to wrap your head around it.

Yes, but on the other hand we also have to see where the price of bitcoin is, and also by using some clear analysis to predict, if it is possible, or simply bitcoin is in the support phase with confirmation of several other indications then that is the right time to buy before finally going back up.

Buying when the price is cheap and selling when the price is at the highest resistance point according to your analysis is quite simple. Of course, over time, bitcoin will continue to run to reach a new ATH, and well the lowest price will most likely change, it will not always be at $27k, but higher than that. So the point is to take advantage of all the opportunities that come to you, look at it from various sides and if you are sure then you can start by implementing the planned targets.
On traders who do really likes to deal up with the market on active manner then they would really be that risking up their positions whether selling on profit and buying when its low but the main question is, WHEN?.

Good time to sell would always pertain on the time that you would see that you had gained on your initial purchase price and sell it out on certain % on which you had set. Some doesnt really like on small gains
and this is why they would really be deciding on holding a little bit more longer for more profits but without even trying out to realize that if you are that active on selling and buying then profits is much more huge but
not all does have that kind of risk appetite and this is why they are really that deciding that they will really be that holding instead on dealing with the market actively.

Success on trading would really be that definitely be that depending on how well you do be able to handle yourself within this volatile market.Not all would really be that good nor capable enough on doing
so on which outcomes and results would really be that entirely be different to each other. This is why you should really be that wise on taking up decisions on which path you would really be taking
because not all would really be able to succeed and this is something that you should bare in mind.
hero member
Activity: 2030
Merit: 777
Leading Crypto Sports Betting & Casino Platform
October 09, 2023, 12:40:48 PM
Buying when the price is cheap and selling when the price is at the highest resistance point according to your analysis is quite simple. Of course, over time, bitcoin will continue to run to reach a new ATH, and well the lowest price will most likely change, it will not always be at $27k, but higher than that. So the point is to take advantage of all the opportunities that come to you, look at it from various sides and if you are sure then you can start by implementing the planned targets.
After all, you can sell BTC at the highest resistance level of our currently time and still face a sudden rise in price right after that, being unable to acquire the same portion of Bitcoin you had before with the profit made from the sale. I believe a good time to sell is when you can cashout more money than you put into your investment. The perfect opportunity is unreachable, as it consists in an unpredictable thin fraction of time, and therefore shouldn't be pursued by investors. Realistic and concrete goals must be set by investors, such as next ATH, next bull run or as soon as BTC reaches X value.
full member
Activity: 448
Merit: 216
I like to treat everyone as a friend 🔹
October 09, 2023, 11:27:15 AM
I think now is the time to buy, we can still get opportunities at cheap prices, to get big profits of course we have to be patient waiting for the halving day which will occur in about 5 months, many experts believe that when the halving day the price can reach at least $100k, it might sound difficult to happen when looking at the current conditions.
Any time that bitcoin isn't surging continuously for weeks or days is a good time to buy because this time of bitcoin prices wavering between rise and dumps would be an opportunity in hindsight when bitcoin finally gets to a new ATH and there's also the possibility that when the new ATH will happen, bitcoin might increase it's price floor and this 27k USD won't be seen ever again. It's not difficult to see because we've seen bitcoin touch 70k last time so it's not that difficult to wrap your head around it.
When Bitcoin starts to fall and the price of Bitcoin is dumping for a few weeks, we think we can profit by buying here. But we can see a milestone that when the price of bitcoin fluctuates in a steady state for some time, it will be good for us if we buy and HODL. And if we invest from this dumping market, then definitely a good time is waiting for us when bitcoin marketing will grow. As the price of Bitcoin is above $27k right now, if we buy from here, we may get good amount of profit in the future. Also, when bitcoin market ATH starts, we will no longer see the price of bitcoin in the location from which we buy bitcoin. We have seen Bitcoin price peak in 2021 and touch $69k which was really interesting for that time. So we can expect that another bull is waiting for us ahead, and then we will see the price of BTC at $1M, and it will be confirmed.
sr. member
Activity: 826
Merit: 460
October 09, 2023, 09:26:52 AM
I think now is the time to buy, we can still get opportunities at cheap prices, to get big profits of course we have to be patient waiting for the halving day which will occur in about 5 months, many experts believe that when the halving day the price can reach at least $100k, it might sound difficult to happen when looking at the current conditions.
Any time that bitcoin isn't surging continuously for weeks or days is a good time to buy because this time of bitcoin prices wavering between rise and dumps would be an opportunity in hindsight when bitcoin finally gets to a new ATH and there's also the possibility that when the new ATH will happen, bitcoin might increase it's price floor and this 27k USD won't be seen ever again. It's not difficult to see because we've seen bitcoin touch 70k last time so it's not that difficult to wrap your head around it.

Yes, but on the other hand we also have to see where the price of bitcoin is, and also by using some clear analysis to predict, if it is possible, or simply bitcoin is in the support phase with confirmation of several other indications then that is the right time to buy before finally going back up.

Buying when the price is cheap and selling when the price is at the highest resistance point according to your analysis is quite simple. Of course, over time, bitcoin will continue to run to reach a new ATH, and well the lowest price will most likely change, it will not always be at $27k, but higher than that. So the point is to take advantage of all the opportunities that come to you, look at it from various sides and if you are sure then you can start by implementing the planned targets.
full member
Activity: 1540
Merit: 219
October 09, 2023, 05:12:18 AM
I think now is the time to buy, we can still get opportunities at cheap prices, to get big profits of course we have to be patient waiting for the halving day which will occur in about 5 months, many experts believe that when the halving day the price can reach at least $100k, it might sound difficult to happen when looking at the current conditions.
Any time that bitcoin isn't surging continuously for weeks or days is a good time to buy because this time of bitcoin prices wavering between rise and dumps would be an opportunity in hindsight when bitcoin finally gets to a new ATH and there's also the possibility that when the new ATH will happen, bitcoin might increase it's price floor and this 27k USD won't be seen ever again. It's not difficult to see because we've seen bitcoin touch 70k last time so it's not that difficult to wrap your head around it.
legendary
Activity: 2072
Merit: 1023
★Bitvest.io★ Play Plinko or Invest!
October 09, 2023, 04:38:20 AM
I think now is the time to buy, we can still get opportunities at cheap prices, to get big profits of course we have to be patient waiting for the halving day which will occur in about 5 months, many experts believe that when the halving day the price can reach at least $100k, it might sound difficult to happen when looking at the current conditions.

Bitcoin won't be $100,000 before or on the halving day, those individuals giving that prediction aren't expert, anybody can give a prediction but most of them aren't accurate because nobody can predict Bitcoin correctly. When we judge from history, Bitcoin will rise due to the increase in interest from investors as the halving day nears but for Bitcoin to get a new all time high, it has to be after the halving. This is what has been happening in previous bull market and this time wouldn't be different.

A good time to sell would be when Bitcoin reach a new all time high and the price starts falling, you can sell your Bitcoin and wait for the bear market to come before you buy again. Now isn't a good time to sell but a good time to buy so you can get cheap Bitcoin and hold for the bull market that's coming.

Bitcoin will start to increase in price and the real bull season usually takes place a few months or a year after the halving takes place, bull season will not take place immediately as many expected at the time of the halving.

But how do we know what bitcoin's all-time high price will be during the upcoming bull season? There is no way to know where bitcoin's bottom is, just as there is no way to determine bitcoin's all-time high. We should have a specific selling target rather than expecting a high price to sell because greed will stop us when the price increases.
hero member
Activity: 602
Merit: 749
October 09, 2023, 04:25:03 AM
I think now is the time to buy, we can still get opportunities at cheap prices, to get big profits of course we have to be patient waiting for the halving day which will occur in about 5 months, many experts believe that when the halving day the price can reach at least $100k, it might sound difficult to happen when looking at the current conditions.

Bitcoin won't be $100,000 before or on the halving day, those individuals giving that prediction aren't expert, anybody can give a prediction but most of them aren't accurate because nobody can predict Bitcoin correctly. When we judge from history, Bitcoin will rise due to the increase in interest from investors as the halving day nears but for Bitcoin to get a new all time high, it has to be after the halving. This is what has been happening in previous bull market and this time wouldn't be different.

A good time to sell would be when Bitcoin reach a new all time high and the price starts falling, you can sell your Bitcoin and wait for the bear market to come before you buy again. Now isn't a good time to sell but a good time to buy so you can get cheap Bitcoin and hold for the bull market that's coming.
sr. member
Activity: 266
Merit: 217
October 09, 2023, 02:21:25 AM
We are in the month of October and I do say that this season is the season we should all make good use of the DCA method because now is the best time to buy more Bitcoin and hold, since the price of Bitcoin is still at the same spot (like still at the same range).

Now is the best time to take advantage of Bitcoin as the long-waited run is about to near. Bitcoin's price might still drop lower or increase, but that doesn't mean we should be scared to buy when it's high. We should buy as much as we can and if Bitcoin's price increases, we should also buy a lot that we can afford. The $100k price might be interesting next year.
hero member
Activity: 2282
Merit: 589
October 08, 2023, 03:45:14 PM
The best option is to ignore the negative news in the market, apply the DCA method and wait. Bitcoin price may fall, but when it does, more can be purchased. If we believe Bitcoin's ATH, the current price is very cheap.

If the Bitcoin price falls, it will take a short time for the price to recover again. That's why I think buying at the current level and waiting or acting with the DCA method will pay off.
We need to ignore negative news on the market so that we are not affected emotionally, but some investors take advantage of this negative news and have the opportunity to increase their investment using the DCA method at lower market prices. I will increase investments if market prices fall lower at annual lows for future investment portfolios.

The countdown to the halving period is getting closer and the price history after the halving can trigger an increase in market prices reaching ATH, we will not know future price predictions but I am very confident that the price history reaching ATH will definitely come true.
full member
Activity: 406
Merit: 188
October 08, 2023, 02:04:39 PM
I think now is the time to buy, we can still get opportunities at cheap prices, to get big profits of course we have to be patient waiting for the halving day which will occur in about 5 months, many experts believe that when the halving day the price can reach at least $100k, it might sound difficult to happen when looking at the current conditions.
Yeah, there's no point in waiting for the next dips. If you believe that BTC will repeat the cycle and reach the new ATH, buying now is a good bet. It's better to make a little smaller profit than risk waiting for too long for a dip that might never happen.
I wouldn't even bother DCAing at this point.
Waiting for a decline is the same as delaying making a profit, I feel that the decline will never happen, except for a return to $25K but I have little hope at that price but a recovery to $30K will be very possible, once again not a reference not to buy even when the price Still $40K, for example, I will continue to buy using the DCA method until the price is really high.

Yes, that's right, it's better for a little, because waiting for it to go down is already uncertain, and when the price goes up you don't buy then there's only regret, now don't think about our decline, it's not for the short term, so increase the price now as much as possible or by DCA is still a good method.

The best option is to ignore the negative news in the market, apply the DCA method and wait. Bitcoin price may fall, but when it does, more can be purchased. If we believe Bitcoin's ATH, the current price is very cheap.

If the Bitcoin price falls, it will take a short time for the price to recover again. That's why I think buying at the current level and waiting or acting with the DCA method will pay off.
hero member
Activity: 1470
Merit: 783
October 08, 2023, 01:15:11 PM
I think now is the time to buy, we can still get opportunities at cheap prices, to get big profits of course we have to be patient waiting for the halving day which will occur in about 5 months, many experts believe that when the halving day the price can reach at least $100k, it might sound difficult to happen when looking at the current conditions.
Yeah, there's no point in waiting for the next dips. If you believe that BTC will repeat the cycle and reach the new ATH, buying now is a good bet. It's better to make a little smaller profit than risk waiting for too long for a dip that might never happen.
I wouldn't even bother DCAing at this point.
Waiting for a decline is the same as delaying making a profit, I feel that the decline will never happen, except for a return to $25K but I have little hope at that price but a recovery to $30K will be very possible, once again not a reference not to buy even when the price Still $40K, for example, I will continue to buy using the DCA method until the price is really high.

Yes, that's right, it's better for a little, because waiting for it to go down is already uncertain, and when the price goes up you don't buy then there's only regret, now don't think about our decline, it's not for the short term, so increase the price now as much as possible or by DCA is still a good method.
sr. member
Activity: 826
Merit: 460
October 08, 2023, 01:01:45 PM
I think now is the time to buy, we can still get opportunities at cheap prices, to get big profits of course we have to be patient waiting for the halving day which will occur in about 5 months, many experts believe that when the halving day the price can reach at least $100k, it might sound difficult to happen when looking at the current conditions.

That's right, if we look at how bitcoin conditions in the period of one month ago until now, the lowest price is still in the $25k area last month and now bitcoin is stagnant in the area or at $27k. It is very clear that this is a good price to buy, which a few months ago bitcoin was at $ 31k, both resistance in April and July were at the same point. I think this condition is enough to give us a clue that this is the right price to buy more before the halving phase arrives, don't wait for another decline because you might be too late and I think just by seeing the confirmation of the breakout from the previous resistance area when sideways it is enough to give us a signal to buy. I hope you or whoever it is don't waste this opportunity, look at the formation it's clear that the bullish phase is about to start.

If indeed you are very sure of some facts that have clearly occurred and also then indeed have prepared money to be allocated then my advice is to start now before you miss again, and you will be able to enjoy significant profits in the upcoming halving phase.
legendary
Activity: 2436
Merit: 1561
October 08, 2023, 10:16:29 AM
I think now is the time to buy, we can still get opportunities at cheap prices, to get big profits of course we have to be patient waiting for the halving day which will occur in about 5 months, many experts believe that when the halving day the price can reach at least $100k, it might sound difficult to happen when looking at the current conditions.

Yeah, there's no point in waiting for the next dips. If you believe that BTC will repeat the cycle and reach the new ATH, buying now is a good bet. It's better to make a little smaller profit than risk waiting for too long for a dip that might never happen.
I wouldn't even bother DCAing at this point.
sr. member
Activity: 1526
Merit: 255
October 08, 2023, 06:40:45 AM
I think now is the time to buy, we can still get opportunities at cheap prices, to get big profits of course we have to be patient waiting for the halving day which will occur in about 5 months, many experts believe that when the halving day the price can reach at least $100k, it might sound difficult to happen when looking at the current conditions.
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