Topic: Good time to sell? - page 4. (Read 1165 times)

There's no way we can determine that honestly. It's hard even how simple the question is.

Generally, as far as most traders are concerned, their own sentiment rules over their strategies.

Yes, they sell because of mostly instincts depending on the market behavior. Personally, that's a risk but sometimes it works. Especially if we talk about bitcoin, it's tough to determine when to buy and sell. As always, a good practice would be, a continues DCA and of course, only sell in profits and not the other way around "buy high sell low" lol.

Building intergenerational wealth is not as easy as one might think, there is a lot to do.
thinking about security, who will hold it, and who will be truly trusted.

Then how much Bitcoin to hold?
But in the end, we as the original holders will enjoy nothing, and take no advantage if what is done lasts forever.

After all, why should it last forever without a target to make a profit?
I may be a long-term holder, but there will be targets to be achieved and then I will enjoy the benefits. 

I think when we already feel profitable then it is not wrong to also sell some of the profits obtained because in this case everyone must have their own targets but when the investment we make has not yet made a profit then why do we release it now.

I agree that if we don't do anything then why invest because everyone also has a desire for profit but in other cases I still feel that everyone has their own goals even though it is not wrong to sell and no one forbids it but I still want to hold for now because my target in profit has not been achieved and I am sure that when I still hold my assets then the target I want to exit sooner or later will definitely happen.

So your advice is just to hold forever? You're not going to live forever, so it makes sense to have some goals in mind and answer yourself a question what is the purpose of you holding bitcoins?
If you want to pass it on to the next generation (building intergenerational wealth) - that's fine. But sitting on your coins just for the sake of it, with no end in sight makes no sense.

In terms of market performance mechanisms are true as you say, it is necessary to have sales to cause Bitcoin to fall, and we see it together so as to form a pattern of bullish and bearish trends throughout the year and its cycles.
Theoretically it is true that we "do not sell when the bearish state" I agree that it is a mistake, but the context I mean is, for those of you who have life problems do not force too much if you or your family experience threats, Bitcoin sales at the time of the situation Bad in your life/family is the best decision in this case.

Yes, it should indeed be at the time of bearish when everyone sells bitcoin, we should collect bitcoin to increase greater wealth.

It's pretty simple in words, but in practice people often lose money, even if they hold coins for a long time. There are collapses in the markets and people can panic. It is very difficult psychologically to see your deposit decreasing and sometimes you have thoughts of selling all the coins. The main thing is to be able to fight such thoughts.

I will say there is no good time to sell the coins. Don’t keep targets to cash out if you want to yield maximum profits from it. Whenever you need emergency amount, at that time only sell the coins. If there is no emergency funds required, then don’t sell the coins. Don’t keep any expectations from Bitcoins and it will automatically give you the maximum profit when required. Just accumulate and HODL.

Yes, that's right, basically it will come back to depending on themselves, whether you are the type of investor who likes the technical or fundamental analyst style it depends on your best planning which basically according to your own comfort. In my opinion, whether or not someone is able to hold bitcoin also depends on the conditions in his life, as we know that there will always be unexpected things in the future, for example like you need money very urgently and that can encourage you to sell some bitcoins that you should sell in the next few years according to the target but because of this urgent condition has indirectly thwarted your plans for greater profits and you will sell it for your own good. I honestly don't think this is wrong because these conditions can happen and are certainly beyond our expectations. So only they are able to choose and find the best decision according to them and as I said it will not always be able to reach the target in the next few years because there will always be conditions that you don't want to come to you, as I said before.

Yes, you mentioned a very important point here by forbidding people not to be greedy in investing, obviously this always happens and it is not uncommon for some investors to experience it. It is very clear that greed always ends up hurting and regretting, so the point is that if you have already made a profit according to the target then there you can immediately stop and secure the amount you managed to get, then after that you can start again from the beginning with the same goal. You will be able to get the same profit again in future bullish situations.

It is always better to set a price target for selling your token. When the market reaches your targeted price, sell your holding regardless of how the market is behaving because you never know when the market will go the other way. If you are waiting to sell at an ATH, you are making a mistake because the person might get greedy when he sees the price pumping and end up losing his profit margin. Another scenario is that you invested in a coin for the long term, then forget your investment for 5 or 10 years.

Let's say, for example, if you invest in BTC at $26k. One thing is clear: in the next bull run, the price will surpass the past ATH ($69k). And if you sell your holding around this price, you can earn a good profit. So, there is no point in holding the coins if you are looking to buy again at lower rates (bear market).

Because we think that bull season will come and make us hold instead of selling it now. Of course, if we are into the aim of earning more profit, I could not really think of someone to sell their Bitcoin at the current price while buying it at $28k that was certainly wrong. But if that person buys Bitcoin at $20k, well, he could still make a profit from that but because we are greedy and we are hopeful about the upcoming bull season, so we decide to wait for that rather than deciding to sell it now.

Depends on what kind of investor are you because there are ones who would really be just simply decide on holding and accumulating for long years before they would considering on selling out and there are ones who

cant really afford on holding for years before they could be able to see profits and thats why they would really be deciding on trading up with the market on active manner despite of the risks that impose. It all matters with preference or liking because we do really share up on the same sentiments on which is on to make money or profits.It do really just differs on how you would really be able to do it on which it wont really be that an issue
because each of us does have different plans and preferred method on dealing with this unpredictable space. Good to sell would be always into those positive numbers or gains which it is really just that common sense.

The important thing on here is that you should not really make yourself greedy along the way and secure out as much as possible and rinse and repeat the process.Sounds simple but its not
but doesnt mean that its impossible.

That has been said a million times and yet the crash is actually the proof itself that people sell. How do we think that we have come all the way down to 25k? People selling during the bear market made that happen, if they didn't sell then the price wouldn't have gone down, that's how market works, you have to sell to make it go down.

So, in a way we are saying that "you shouldn't sell during bear market" means you are not going to have a bear market at all, in order to see it low like this, they have to sell so we can buy at cheaper price. I would never do this, but I am not against others doing it, it allows me to make as much profit as I possibly could from it and makes me richer than I want to be thanks to them.

But as time goes by it doesn't mean we have to stay silent by just speculating and waiting, I think we should be able to take more advantage of every condition, just like bitcoin which is very volatile there and that means we shouldn't waste any time or opportunity we have to keep learning because bitcoin will continue to grow and we also as investors must be able to keep up with the new things that arise from bitcoin by continuing to learn from various best references according to you. Well on the other hand I understand that indeed every investor must have the best way and planning to be able to achieve their respective goals, and of course because of that we can see some of them who are always firm and follow the plan and there are also those who even stop halfway because for example there is something more important for example so they sell some of their bitcoin at a time that can be said to be less appropriate or even a little loss.

Yes and indeed I think all bitcoin players should be able to stick to their stance to get bigger profits, like you said, you will never want to sell if it is far from the target you have set, but well there are always conditions that will force us because of urgent needs maybe. That's the point, I think everyone has their own perspective in making every decision that they think is best.

That smells a bit like a True Scotsman fallacy.

I don't think any expert traders would actually have a hard-fixed selling price and/or time. They'd probably rely more on various metrics indicating that the market gets overheated, meaning it has reached the peak (or is close to).
Some people say that any profit is a good profit, but I couldn't disagree more.

Every investor has his own goals. At a price that one person's Bitcoin would never sell, someone else might sell it because they made a profit and reached their goal. I think this is one of the things that makes the market beautiful. If everyone's target was the same price, there would be no point. Such a thing is not possible anyway.

There are many predictions for when the bull will come, but none can know the truth. We must invest and wait in line with our goals. We all set a goal, and for this goal to be achieved, the market must reach the point we want. The aim is to both make a profit and reach the day when Bitcoin receives the value it deserves and is accepted in the world.

Well, yeah, like you said, it's very difficult to specifically know the price of Bitcoin in the next bull market. People can only speculate on the price, but that doesn't mean that it's going to be so. And in the aspect of selling one's Bitcoin asset, well, you know that every investor, be it in Bitcoin or other assets, has their own individual goals, which are usually different, so some people can decide to sell so early at any price they feel they are ok with, while others will keep holding for the next and upcoming bull market. For me, I have some goals I want to archive, but the way I planned it, I can only archive them if Bitcoin spikes and gives me a huge profit that can be used to settle them. But again, even if the Bitcoin price spikes today, I definitely will not sell everything at once; it's just to sell a few fractions of my holding.

I also think that at the moment, because it would be a shame if Bitcoin and the best altcoins had to be sold at the current price, which still tends to be cheap in my opinion. So I think that keeping it well is the right choice rather than selling now which could cause regret when the bullish trend occurs again in the market. I also believe that changes for the better will soon return to the market with increasing prices in Bitcoin and other cryptocurrencies.

I didn't say that but in the interpretation it has the same meaning as the other point of view, it should be remembered that we are not involving altcoins here as a means of discussion in the context that the OP gave.
Following your response, the fact that we have been in a bearish phase for a long time until today which can be counted as more than two years, we agree that selling bitcoin at a price in a bearish phase (declining) is certainly a stupid decision, but this depends your personal situation and conditions. If you have a problem between life and death and you have no other money apart from the investment in bitcoin, the step you need to take is to sell the bitcoin you have to support yourself or your family, even if the situation is bearish and you experience a loss ( whenever that time is).

Well I understand for that, maybe I was not clear enough in describing what I mentioned above so maybe there are some who misunderstood it. Honestly I'm glad you've corrected what I said above, I didn't mean to save money in bitcoin like we save in some banks along with interest every year that will continue to drain the amount, but in detail I said that bitcoin is a good place for you to allocate some of your money with the aim of growing it along with the increase in bitcoin itself. Honestly I am not saying that there is no risk whatsoever in bitcoin, of course both banks and investments have their pluses and minuses, both have their own risks and I think only investments provide a higher chance of increasing the amount we have there than in banks only absolutely will not make our money grow and on the contrary little by little your money will be drained because of some deductions there.

As we know, every time there is profit, there will also be certain risks in it, and as much as possible we should be able to minimize that risk in the best way we have because our goal there is profit. Oh well to be honest I will not force anyone to put everything they have on bitcoin because of course it is very true as you say that we have to allocate money that can be accounted for if it is lost due to losses, and I also previously said the same thing because of course this will greatly affect your defense in doing HOLD, and in addition it is also very true that bitcoin is very volatile and I agree that this still cannot be said to be the safest place with all the risks that are there.

You are right to say that now is not the best time to sell both bitcoins and altcoins. Considering that the bearish trend has been going on for more than two years now, selling at the bottom is not the best idea. There is a chance that the trend will change soon and it is better to just hold the coins.