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Topic: Good time to sell? - page 10. (Read 1182 times)

legendary
Activity: 2814
Merit: 1112
Leading Crypto Sports Betting & Casino Platform
September 13, 2023, 09:22:36 PM
#11
No one will ever know for sure when the peak will be and as long as you are already in a big profit position then any time is a good time to sell unless you are targeting a price that is higher than the price that will be achieved in the bull run later because there are people who have very high patience to wait any longer because you know the profits will be greater the longer you keep it.
However, usually the price will start to increase a year later and at the end of the year it will start to fall, for example, the halving will be in 2024 then the bull run will be in 2025 and the end of that year will have experienced a decline so if you are targeting to make a profit, do it when the price has shown a decline, especially if you have collected it now.
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
September 13, 2023, 08:21:13 PM
#10
Bitcoin is a life changing technology, so I would say that you probably shouldn’t sell it until you can get a life changing sun of money for your investment. There’s a chance that all you have to do is stack and wait. So rather than focus on a certain price, I would say to focus on what you would do with the money. Eliminate debt or secure your future and I’d say selling was worth it.
hero member
Activity: 3024
Merit: 745
🌀 Cosmic Casino
September 13, 2023, 06:29:07 PM
#9
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?
My personal satisfaction to sell and when I think I need to sell, that's all just based on my feeling and also my needs.

in other words: how would you know we've reached the peak?
I wouldn't know that because at most times when I sell, there goes a higher price that comes but then it pulls back so that makes me satisfy that I've sold in a quite high price.

Do you have a set "goal" price at which you'd be selling no matter what happens?
Yes, I do have and that's why I'm saving a certain amount for that price.

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?
About determining the peak, it doesn't matter to me. As long as I'm able to sell at a higher price when I bought it or acquired it, that's already a win to me. And yes, I'd probably sell incrementally when the price keeps on going up but for a certain price, I've said that I have determined a quantity that it should be just sold on that particular price.
full member
Activity: 728
Merit: 217
September 13, 2023, 06:13:34 PM
#8
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?
This is a nice question but the question is answerable because determining when to sell bitcoin is depend on the amount you bought Bitcoin bitcoin because the amount you bought a coin will give or make you to have a target of particular time bitcoin should be sell if you it happens to enter a bullrun, selling your coin during a bullrun is a choice of individual person not choice of many people, so I believe that every one who wants to sell his or her coin during bullrun doesn't not rush to sell but they calculated their profits and lose before they will sell bitcoins or any other coins
sr. member
Activity: 630
Merit: 298
September 13, 2023, 06:02:34 PM
#7
Will be taking profits in batches and that batches will be base on price and not time frame, once it reaches each price target will withdraw certain percentage. For example the price clocks around the current all time high then I will withdraw some percentage of my intended profit and after that will take next profit around 100k.

How do I know if we reached the peak is certainly when the price is doubling the current all time high which would be above 100k at that point I would place my believe of it surpassing that much again and will consider it the peak.
legendary
Activity: 2982
Merit: 1153
September 13, 2023, 06:01:51 PM
#6
We all do want to profit on the next bull run.  And to determine when to sell, I simply set a target selling price.  When the market hits the price regardless of the market condition, I sell my holdings. I always wanted to keep it simple when it comes to making a profit in Bitcoin.  By doing this kind of approach, I save myself from the frustration and dissappointment when the price of BTC drops since BTC always recovers and then breaks its ATH.

I do not plan on selling on the ATH, it would be hard to determine but with the target selling price, it is easy for me to decide when it hits that target price.
legendary
Activity: 1652
Merit: 1208
Gamble responsibly
September 13, 2023, 05:35:00 PM
#5
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?
If you are making profit already, you can sell at anytime that you want.

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?
If some peak prices are not gotten to, you may not be able to set a goal price. My goal price is $100000. If it fall from $100000, I will buy more and expected higher price.

Or maybe when the price gradually drops (e.g. it goes down for X days in a row), indicating we're past the peak?
It is not easy like this. In the last bull run, you remember that bitcoin got to $50000, fall back to $28900. It increased back to $50000 and reach $63500 or so and it fall again to $30000. It increased again and reach $69000 before the bear market started.
hero member
Activity: 1358
Merit: 627
September 13, 2023, 05:32:05 PM
#4
For now, perhaps many people's dream is to see BTC at $100k and that will be our target to sell some of our BTC holdings. But to know in detail when that will happen, of course everyone will not know. In other words, investing in BTC has a better direction to target their dream of selling BTC, whether it is passing the new ATH or approaching the new ATH and it all depends on the target of each individual's stance.

Now for the second answer |  How can we say that the price of BTC has reached its peak while currently the BTC price is below a 61% decline from the highest price. So it is not appropriate for those who invest in the long term to sell their BTC holdings below the highest price. Unless they are in an urgent situation or need money quickly and have no other choice but to sell BTC and for sure they will regret that decision. So, if they trade daily, they will definitely continue to sell when profits come to them.
hero member
Activity: 812
Merit: 560
September 13, 2023, 05:25:35 PM
#3
How do you determine when is the good time to sell?

It is very simple to do, if i enter the market as at when the market was $32 and i invested and hold till now when the market run dip as low as $26,000, this meas obviously I can't sell than to keep holding, next year if the market surges and we had a bullrun and there's a new all time high, whereby bitcoin rise pass the $68,000 to about $150,000 or more, then i can sell, the difference is in the patient to hold and the time required in doing so.

in other words: how would you know we've reached the peak?

If the market rises and keep rising, the peak could be depict when we begin to have nothing less than $100,000 and after then the market will run dip below that ATH.
hero member
Activity: 1260
Merit: 765
Top Crypto Casino
September 13, 2023, 05:07:53 PM
#2
I prefer to DCA based on set percentage all the way up,  because no one knows what the ATH price of Bitcoin will be so at that it becomes obviously clear that we all have to depend on speculations to make our final price prediction and that will all be based on just speculations,  and in most cases some people may miss the train trying to reach a set amount before sell.

It is good to have a speculated amount/price in mind for your long-term Bitcoin holding,  but if the all-time high should happen you shouldn't set a target but rather take a percentage of profits that put you in the best position.
legendary
Activity: 2436
Merit: 1561
September 13, 2023, 05:01:01 PM
#1
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?
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