Good time to sell? - page 6. | Bitcointalksearch.org

jaberwock

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Quote from: laurenB7742 on September 13, 2023, 09:54:51 PM

No one can know what is the lowest low of this bear season and no one knows what is the highest peak of bitcoin in the upcoming bull season. Therefore, selling according to the goals you have set is the best thing. I have also set a target for my investment and I will only sell when bitcoin reaches that target, and $100k and $150k are my goals. I will sell half when bitcoin reaches 100k$ and the rest will only sell when it reaches 150k$. But if in case bitcoin cannot reach that level, I will continue to hold bitcoin until another bull season comes. I have enough time to play long term with bitcoin Wink

.

I think we already have the lowest low last year. This year seems a recovery of the bear so I don't think we can experience a hard dump. As for the highest peak, they say it was $100k. After that, it may take a long time again for us to experience a new all-time high. Each of us has their own goals and it's not always when there is a new All-Time-High.

Sometimes we might also need a money so we can sell earlier than our expected time. I think it's okay to sell all because we can still buy when the price dips again, and doing so can only maximize the profits that we can get. Investing is not time-taxing so it's no surprise if you can say that you have lot's of time doing it.

ScamViruS

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Quote from: goaldigger on September 16, 2023, 03:48:37 PM

Quote from: ScamViruS on September 16, 2023, 02:54:30 PM

No one knows what Bitcoin's next ATH will be, so if someone wants to sell, they have to guess and figure out a selling price. Because here everyone wants profit so if a certain amount of profit can satisfy someone then it is their own strategy. Bitcoin is a life changer, Bitcoin can change an investor's life as we have seen in past bull markets. So the most important thing here for me is that I haven't set any target yet, so I think about taking decisions based on market conditions.

You don’t need to make a guess before you sell, all you have to do is to set-up your target price and make sure that you are happy with the profit because you cannot chase the market always and you have to sell in order to satisfy yourself. Buying and selling is easy, and it will always depend on your choice and contentment, if you are happy with a 20% profit then so be it, don’t aim for a high one because it might not happen.

When a bull market starts, an emotion works in everyone to book more profits, and this is where many traders cannot control their emotions. As I said before I think about making decisions based on market conditions. Everyone has a different strategy now it depends on the person how to use his strategy. Bitcoin's next ATH cannot be predicted right now so setting any target now is not a good decision. But yes, any amount of profit is satisfying for those who consider profit as the main thing, then he can sell his bitcoins to any target if that trade is in profit.

henmark

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Quote from: JoyMarsha on September 15, 2023, 07:11:43 PM

Quote from: pawel7777 on September 13, 2023, 05:01:01 PM

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?

I have set my goal to sell some part of my bitcoin assets by the second quarter of 2025 that's when I deem fit that the crypto space will be experiencing a bull run by then. Whatever price I see by then, I feel like if I have gotten the profits I desire from Bitcoin investment, nothing stops me from selling some part of my Bitcoin. The rest of the bitcoin not sold will be kept by applying a DCA strategy to it

It's all about reaching your financial goals and desires and the approach you are talking about is exactly what everyone should practice so that they don't miss an opportunity. If I have bought Bitcoins worth $500 when it was priced at $25k and when I see I'm getting $1.5k for my Bitcoins, I will probably sell 50% of it so that I get my initial capital and some profits on top of that, and I will hold the remaining balance to see if the price goes up more or not.

If I see the market is declining, I will probably sell the remaining Bitcoins as well so that I don't get my profits cut down, but if the market keeps going up, I will also sell them in portions as you said so that I keep getting more profits as the market moves forward, that's how it should be for everyone.

Mr.right85

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Quote from: pawel7777 on September 13, 2023, 05:01:01 PM

How do you determine when is the good time to sell?
in other words: how would you know we've reached the peak?

There is never a specific time to make sales. It’s not like the market has a point where it just pause or holds. Recall. The ATH of 2016 has been long beaten by that of 2020 and the ATH of 2020 isn’t where we are expecting the next bullrun to maintain. That’s to say, even the ATH that might be resulted as a result of the expected bullrun of 2024/5 should it play out as we hope, it’s not going to be hooked up at $69k. A range just above that would be the place to hope for and even at that, we could possibly have yet another come next bullrun and the bullrun of 2024/5 would not serve.
This promotes the idea that there isn’t a specific time to sell.

Quote

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?

The most sensible thing to do is sell when the need arises and make sure your in profit. If I weee to take a page out of what your projecting, it would be well when it starts to dump as, you can’t confidently speculate on the peak but, don’t get to exhaust your portfolio.

Greyhats

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I have a selling strategy with all my investments and it really centres around retirement. It’s with all the other stuff and it’s solely to be used as income until other age restricted things come into play.

Assuming we stay in the cyclical nature of btc will do a little bit of selling in 2029, to hit a certain fiat target. Then every 4 yrs in the “usual” ath year will sell a bit more.

I’m kinda lucky I have an established investment portfolio, if things play out the way I expect Btc will enable me to live a bit larger when I retire ( well before actual retirement age in my country ).

barisbilgili

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Quote from: WatChe on September 17, 2023, 02:19:49 AM

Quote from: Woodie on September 17, 2023, 01:25:14 AM

The problem with us humans is that we like to copy what others are doing, you here someone doing the DCA strategy we want to jump on it, we watching several whale wallets and the second coins move we also think that's the signal to sell...

Tbh if we want to survive the crypto markets, we need to find what works for us and for me I believe if you bought or caught a low you should sell at a premium when everyone is talking about the bull run, better yet use technical analysis to determine when to buy and when to sell and this way you get better ROI than waiting for an ATH or something.

What strategy works for other may or may not works for me. That's why its best to create your own strategy and that can created only after you spend time and effort exploring the crypto market.

What I have learned from my experience is that there is no way we can predict the future price of bitcoin. Accumulate Bitcoin when you think its best and don't hesitate in selling whenever you are getting adequate profit. TA/FA are good things to follow but also fail very often in volatile crypto market.

Everyone has a different way of doing something whatever they do, you are right it could be the way that people do and it works and we cannot use this method for ourselves personally because everyone has different luck. Choosing to continue learning from people who are experts in this field and have this experience will make us better understand when is the right time to buy or sell it and we must set targets that we want to achieve so that we stick to the targets we have set.

fzkto

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Quote from: irhact on September 17, 2023, 04:09:09 AM

Quote from: pawel7777 on September 13, 2023, 05:01:01 PM

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?

I have already made a decision to sell when bitcoin gets to $150k in the next bull market and from what I have understand from other bull market, the price of Bitcoin gets to the highest price before the year ends and it'll be after halving therefore if $150k can be reached any month in 2025 which is when I expect the bull market to be in it's peak then I'll sell all my bitcoin and hold cash while I wait for the next bear market to come before I can buy through DCA again.

What I'm doing now is accumulating through DCA and I don't mind the condition of the market. I have tired holding before through the bear market but I'm not at peace so to avoid having same experience in the next bear market, I'll sell and be buying during the bear market.

You have a good strategy. It is really better to buy coins now, because in a few years there might be a new bull run. But I'm not sure it will be 150k. Usually after halving the price always started to rise, but no one knows to what marks it can happen. With each cycle the increase becomes less and it is possible that next time the price will not increase much.

Kamasylvia

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There is truly no right answer here. I have seen costs are lower promptly in the first date of the month and the prices is always begin to fluctuate. Nobody really know the best time for selling your crypto assets. Just you chooses and gets ready for the unusual outcomes in the process of making a transaction

Dickiy

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Quote from: Dr.Bitcoin_Strange on September 17, 2023, 08:43:18 AM

Quote from: JoyMarsha on September 15, 2023, 07:11:43 PM

I have set my goal to sell some part of my bitcoin assets by the second quarter of 2025 that's when I deem fit that the crypto space will be experiencing a bull run by then. Whatever price I see by then, I feel like if I have gotten the profits I desire from Bitcoin investment, nothing stops me from selling some part of my Bitcoin. The rest of the bitcoin not sold will be kept by applying a DCA strategy to it

From history, Bitcoin is known to have two seasons or market types: the bear market and the bull market. During the bull market, most people sell and take profits, while in the bear market, a lot of investors, both old and new, usually buy and hold. Your assumptions might be right that Bitcoin will become bullish during the second quarter of 2025, but it might not also be in that second quarter. Even if it doesn't become bullish by then, you just need to hold your asset until the bull market finally comes. Even if you sell a fraction of your Bitcoin, you don't need to sell a lot because the bull market usually comes so gradually before it really shoots up, and if you are so quick to sell during the early phase of the bear market, you will only make less profit compared to if the market were so bullish like it was in the last ATH.

Well these two market cycles will continue to repeat and I will quote a little conclusion that only those who can HOLD longer until reaching the last ATH can get maximum or even significant profits. Well that might happen in the second quarter of 2025 but it is also very possible not to happen because it is very difficult to be able to ascertain what will happen in a certain period on bitcoin itself. Well that's true even if things don't go according to our initial prediction of when the bullish highs will occur, I think there is nothing wrong with you waiting a little longer, I'm sure you want to make a big profit rather than selling all your bitcoins too early at a price that is just starting to rise (just starting and not too significant).

Yes that's right, as you said it's better to be a little patient. On the other hand nothing forces them to sell too early except fear, and for that yes maybe it will come back to their decision, but still I would suggest that if you are very confident in the bull market phase then you can continue to hold it until the time comes and make significant profits there.

Dr.Bitcoin_Strange

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Quote from: JoyMarsha on September 15, 2023, 07:11:43 PM

I have set my goal to sell some part of my bitcoin assets by the second quarter of 2025 that's when I deem fit that the crypto space will be experiencing a bull run by then. Whatever price I see by then, I feel like if I have gotten the profits I desire from Bitcoin investment, nothing stops me from selling some part of my Bitcoin. The rest of the bitcoin not sold will be kept by applying a DCA strategy to it

From history, Bitcoin is known to have two seasons or market types: the bear market and the bull market. During the bull market, most people sell and take profits, while in the bear market, a lot of investors, both old and new, usually buy and hold. Your assumptions might be right that Bitcoin will become bullish during the second quarter of 2025, but it might not also be in that second quarter. Even if it doesn't become bullish by then, you just need to hold your asset until the bull market finally comes. Even if you sell a fraction of your Bitcoin, you don't need to sell a lot because the bull market usually comes so gradually before it really shoots up, and if you are so quick to sell during the early phase of the bear market, you will only make less profit compared to if the market were so bullish like it was in the last ATH.

irhact

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Quote from: pawel7777 on September 13, 2023, 05:01:01 PM

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?

I have already made a decision to sell when bitcoin gets to $150k in the next bull market and from what I have understand from other bull market, the price of Bitcoin gets to the highest price before the year ends and it'll be after halving therefore if $150k can be reached any month in 2025 which is when I expect the bull market to be in it's peak then I'll sell all my bitcoin and hold cash while I wait for the next bear market to come before I can buy through DCA again.

What I'm doing now is accumulating through DCA and I don't mind the condition of the market. I have tired holding before through the bear market but I'm not at peace so to avoid having same experience in the next bear market, I'll sell and be buying during the bear market.

fuguebtc

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Quote from: WatChe on September 17, 2023, 02:19:49 AM

Quote from: Woodie on September 17, 2023, 01:25:14 AM

The problem with us humans is that we like to copy what others are doing, you here someone doing the DCA strategy we want to jump on it, we watching several whale wallets and the second coins move we also think that's the signal to sell...

Tbh if we want to survive the crypto markets, we need to find what works for us and for me I believe if you bought or caught a low you should sell at a premium when everyone is talking about the bull run, better yet use technical analysis to determine when to buy and when to sell and this way you get better ROI than waiting for an ATH or something.

What strategy works for other may or may not works for me. That's why its best to create your own strategy and that can created only after you spend time and effort exploring the crypto market.

What I have learned from my experience is that there is no way we can predict the future price of bitcoin. Accumulate Bitcoin when you think its best and don't hesitate in selling whenever you are getting adequate profit. TA/FA are good things to follow but also fail very often in volatile crypto market.

I don't even believe in technical analysis, I'm not saying they're useless but they really don't work well in this volatile market.

@Woodie, if you believe that relying on technical analysis will help you find the right time to buy and sell bitcoin, do you analyze $15k as the bottom of bitcoin and you bought it last year? Because when bitcoin went down to $15k, I saw a lot of people screaming that it was going to go down to $12k and that was the bottom where they would start buying. But those people ended up buying bitcoin at a higher price, while those who implemented the DCA strategy bought bitcoin at $15k.

WatChe

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Quote from: Woodie on September 17, 2023, 01:25:14 AM

The problem with us humans is that we like to copy what others are doing, you here someone doing the DCA strategy we want to jump on it, we watching several whale wallets and the second coins move we also think that's the signal to sell...

Tbh if we want to survive the crypto markets, we need to find what works for us and for me I believe if you bought or caught a low you should sell at a premium when everyone is talking about the bull run, better yet use technical analysis to determine when to buy and when to sell and this way you get better ROI than waiting for an ATH or something.

What strategy works for other may or may not works for me. That's why its best to create your own strategy and that can created only after you spend time and effort exploring the crypto market.

What I have learned from my experience is that there is no way we can predict the future price of bitcoin. Accumulate Bitcoin when you think its best and don't hesitate in selling whenever you are getting adequate profit. TA/FA are good things to follow but also fail very often in volatile crypto market.

Woodie

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The problem with us humans is that we like to copy what others are doing, you here someone doing the DCA strategy we want to jump on it, we watching several whale wallets and the second coins move we also think that's the signal to sell...

Tbh if we want to survive the crypto markets, we need to find what works for us and for me I believe if you bought or caught a low you should sell at a premium when everyone is talking about the bull run, better yet use technical analysis to determine when to buy and when to sell and this way you get better ROI than waiting for an ATH or something.

traderethereum

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Quote from: Fakhrulenclix on September 16, 2023, 12:46:52 AM

Quote from: traderethereum on September 15, 2023, 11:58:50 PM

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Waiting for the price of $90k-$100k I think will take quite a long time, and you have to be patient for that, but regarding whether that will happen or the latest ATH I think a lot of people believe it will happen, even though in a slightly longer period of time.
And indeed the right time for us to sell is when we really see the latest ATH (if we can be patient) or many people have different opinions, sell when we already have or have reached our target.

If the selling price is what we want, we really have to be patient until the price reaches our target selling price.
And even though that means we have to wait quite a long time, that's okay because while we wait, we can accumulate more bitcoins to increase the number of bitcoins.
The price of bitcoin will rise in the future, although there is no certainty when that will happen, so we have to be more patient in waiting for it.
When the Bitcoin price reaches the target selling price, immediately sell it, even if not all of it, because we don't know if the price can stay at that price or will immediately decline due to a correction.
So use the time to sell at the price we want.

edy_58

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Quote from: goaldigger on September 16, 2023, 03:48:37 PM

Quote from: ScamViruS on September 16, 2023, 02:54:30 PM

No one knows what Bitcoin's next ATH will be, so if someone wants to sell, they have to guess and figure out a selling price. Because here everyone wants profit so if a certain amount of profit can satisfy someone then it is their own strategy. Bitcoin is a life changer, Bitcoin can change an investor's life as we have seen in past bull markets. So the most important thing here for me is that I haven't set any target yet, so I think about taking decisions based on market conditions.

You don’t need to make a guess before you sell, all you have to do is to set-up your target price and make sure that you are happy with the profit because you cannot chase the market always and you have to sell in order to satisfy yourself. Buying and selling is easy, and it will always depend on your choice and contentment, if you are happy with a 20% profit then so be it, don’t aim for a high one because it might not happen.

Guessing before selling may be an option for those who want to keep it or sell it, this can be profitable or vice versa. I really agree with what you said if we have set a profit target then we are better off selling it because with the market conditions moving very fast then if we don't sell it there is a possibility that we will miss the opportunity to take profit and make us have to wait for it if we don't want to make a little profit.

STT

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BTC used to more bound to its own economy when it still involved many home miners and a fairly small scale digital economy. Basically gambling and other small sites using BTC, but since then its come away from that isolated market flow and mining BTC personally is not half as common since it went over to ASIC.
Having said that, the main markets are not especially negative or challenged. We'd be booming in BTC imo if only the dollar index were to lose 100 on the dxy but it failed to beat that level, the higher rates are having some effect in retaining that level . I think its temporary and we do find easier progress.

Oilacris

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Quote from: DVlog on September 16, 2023, 02:21:25 PM

Quote from: JoyMarsha on September 15, 2023, 07:11:43 PM

Quote from: pawel7777 on September 13, 2023, 05:01:01 PM

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?

I have set my goal to sell some part of my bitcoin assets by the second quarter of 2025 that's when I deem fit that the crypto space will be experiencing a bull run by then. Whatever price I see by then, I feel like if I have gotten the profits I desire from Bitcoin investment, nothing stops me from selling some part of my Bitcoin. The rest of the bitcoin not sold will be kept by applying a DCA strategy to it

There will be a bull run for sure, but the bear market following that bull can be different from all the historical ones. There will be the world's biggest institution onboard, so we may not see that 45% fall over night like most of the bear market. There will be corrections, but not like before. Those big institutions will try to keep the market stable so that they won't lose their customer funds. I can be totally wrong, but I think something like this will happen. There won't be the kind of bear market we are facing now. It will be more like a sideways move and slow market growth after a certain point. This is just a prediction.

There's no way on knowing on what would be the bull run looks like on this upcoming bull run when halving happens because this is where usually it do starts to kick on. No one could ever tell on how it

would looks like but definitely there would really be a bull run.We cant really be just having a market without having a bull run and just remaining to be bearish? thats not how a normal market behaves or works and this is why it would really be just that normal that it is really that wise on taking up the opportunity on accumulating while the prices are still cheap or something that could really be able to take chances on getting those in bargain because once the market would really be having that u-turn then you would definitely be ending up on having regrets on what you had missed.

Just dont make yourself do say that common line "how i wish i do able to buy more when its still cheap" kind of tag which people do mostly be saying on the time that
we are breaking new all time highs which it isnt limited only on Bitcoin but also in other altcoins as well.

Vaskiy

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Quote from: ScamViruS on September 16, 2023, 02:54:30 PM

No one knows what Bitcoin's next ATH will be, so if someone wants to sell, they have to guess and figure out a selling price. Because here everyone wants profit so if a certain amount of profit can satisfy someone then it is their own strategy. Bitcoin is a life changer, Bitcoin can change an investor's life as we have seen in past bull markets. So the most important thing here for me is that I haven't set any target yet, so I think about taking decisions based on market conditions.

Even the expert doesn't know well about the ath. The crypto market used to behave in a different way from the traditional market. With the stock market, the predictions used to be precise from the analysts. With cryptomarket the predictions from the analysts used to be coincidence and doesn't look like perfect one. With bitcoin it is good to go along with the market, so that it'll be easy to take decisions. However our minds should be prepared enough not to think once we've sold it, because the next day after we sell it could've bounced big.

goaldigger

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Quote from: ScamViruS on September 16, 2023, 02:54:30 PM

No one knows what Bitcoin's next ATH will be, so if someone wants to sell, they have to guess and figure out a selling price. Because here everyone wants profit so if a certain amount of profit can satisfy someone then it is their own strategy. Bitcoin is a life changer, Bitcoin can change an investor's life as we have seen in past bull markets. So the most important thing here for me is that I haven't set any target yet, so I think about taking decisions based on market conditions.

You don’t need to make a guess before you sell, all you have to do is to set-up your target price and make sure that you are happy with the profit because you cannot chase the market always and you have to sell in order to satisfy yourself. Buying and selling is easy, and it will always depend on your choice and contentment, if you are happy with a 20% profit then so be it, don’t aim for a high one because it might not happen.

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