Topic: Good time to sell? - page 7. (Read 1182 times)

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.

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.

Reaching the goal of "retirement" is the end goal for me, it allows me to know that I will never have to work for money again. That is not same as being rich, because you do not become rich with the amount I am planning to retire with, it's a much smaller amount than most peoples houses worth here, and it still enough for me to retire.

That doesn't mean I will quit working, maybe I will work a little less, but I wouldn't know what to do with myself if I didn't work, which means that I will work as a hobby basically, but my goal for my investments would be reaching to a level where I have financial freedom to never worry about money again, and that type of thing is a lot more important and would make me happy.

Before now I had said to myself that immediately bitcoins makes a new all-time high,  that is to say about 70,000 dollars, I will sell. But after going through some posts in the forum, I understood that that was a very long position. Then I have now decided that from all time high I will begin to sell in percentage. Maybe 30% and I will now sell 20% another 20%. I will decide on this as time approaches, but I know that whenever we are on new all-time high, we are already on a big profit.

Some people are expecting a hundred thousand dollars. Surely it is possible, but we should remember that it failed the last time but I have also seen a projection that bitcoin is going to $173k. This is very high expectation. I think it is a ploy make the market crash on people.

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.

That is a clear target for you.
and before reaching the second quarter of 2025 what you can do now is buy Bitcoin gradually to increase your Bitcoin accumulation and of course, there will be more benefits that you can get.

I am targeting Bitcoin for the new ATH in 2024-2025 and $100k is the target price I need to reach to sell some of my Bitcoin holdings.

That's quite realistic with $100k being the target price for most long-term investors today.
Just need to buy and hold and of course be patient.

After I managed to sell bitcoin for $57k, I haven't decided when I will sell the bitcoin that I bought again at a low price.
Maybe I will start gradually selling the bitcoins once the price goes beyond $90k-$100k but if that can't happen in 2 years, I still have to be patient and keep accumulating more bitcoins.
But we will have a hard time knowing when we have reached the top but I think if the price manages to make a new ATH and it is over $100k, that means we are already at the peak of the bitcoin price high.
Usually, I will sell gradually, starting from the smallest amount first while monitoring the situation and I am also not in a rush to sell the bitcoin.

The peak is hard to know as long as we are in the bull run, there are times when the price might start dropping bit by bit and you assume that we have reach the peak and now coming down, you jump and sell, and only to return back after a few hours to realized that the rally has continued again and that the previous peak as been surpassed easily, you end up regretting for selling too early .

What I will personally advice is to set a sell target, a realistic one, once that target is reached, you can decide to sell 50 percent of what you plan to sell, then wait and see if the price will continue to go up, if it continues, you can divide the remaining 50 percent into two, and sell 25 percent at a higher price, and also try to sell the remaining 25 percent at a higher price too if the prices continue to grow .

All in all, try as much as possible to be contented with what ever you got and at what price you sold, it is only the lucky ones that manages to sell at 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

During the bull run it's very tricky to sell and if you are not strong enough with your hold you might end up selling at the wrong time because during the bull market all coins tend to push up at a very rapid speed so knowing the actual time sell is very hard well not hard but some just tend to sell very early that they just miss the highest pick point or some wait too long and then sell when the coins have started dropping again.

At least to me, when to sell is a combination of factors, I will need to see a big drop on the price of bitcoin after a strong bull run and we will have to be at the last quarter of 2025, which is when historically the bull run weakens and traders begin to sell their holdings, now this is not a foolproof solution but it should allow anyone to sell close enough to the top and obtain good profits during that upward movement, however traders need to be realistic and accept that anyone selling at the very peak of the market simply got lucky, and it is impossible to replicate their results.

There's no way on knowing the peak and no man on this world would really be able to know, this is why it would really be that always wise that you should really be that setting those goals or targets for you to secure your
profits on the time that you do see that this might be the peak.Either it would be a hit or miss and since this market is unpredictable then there's no way that you could really be able to know on whats ahead.
This is why it would really be always wise on having that selling point, or else you would really be missing out the current cycle and you would be waiting for another one on which it is something that
we dont really like.

Majority of us are really that impatient when it comes to this but there were people who do hold no matter how many years would be passing as long they do know that they could really be able to benefit out
on what are the actions that they had done.Although, there would really be no assurance as always as this had being the main risks when you do make yourself get involved with investment.
You should really be wise on making decisions because outcome or results would really be entirely basing with those.

Generally good time to sell is when raising profit but depend on how much percent set up for taking profit, if you invested with Bitcoin since price under $20k I think is good time for selling it right now if you have urgent needed and potential for Bitcoin raise to higher price again if your capital is not urgent have to sell. Don't be greedy with investing in Bitcoin when profit target have reached actually above 10% until 20% and never hold it for seeing Bitcoin will raise to $100k.
Its seems difficult how to get moment with Bitcoin will up to higher price and your moment have earn much profitable with bitcoin its time for selling it. Buy back or investing later when moment bitcoin get crash and always has chance for correction to see Bitcoin in lower price.

One of the goals of investment is to get a return, so if the investor sees that he deserves a profit then he can sell it even if it is not at ATH. I know that many people hope to sell their bitcoins or investments at ATH to gain maximum profits, but I cannot deny that someone who is able to take advantage of market volatility will likely make much greater profits than selling at ATH.

This approach may be thought of by some people and has been put into practice, meaning they can accumulate bitcoin by taking advantage of volatility periodically without buying with additional budget. I tend not to, but such an approach seems good for accumulating bitcoins especially if they understand the market well.

You will never know the peak of the market, and there are only a few investors that are going to get lucky that might predict the peak price of the market, We can't really predict the movement of the market even with the analysis thing, because they're just too many factors that affect the market price of Bitcoin and cryptocurrency. The market price depends on supply and demand so it doesn't really have some kind of basis or it isn't guarantee that you are always going to make a good amount of profit on it.

The best time to sell is if it is a fair price already, just based on buy low and sell on high, You always going to make a profit, and it just depends on you when you going to sell or how high can you risk your money you can't predict the peak but at least try to make a good profit on it, Just based on the timeline and structure of bitcoin it would surely skyrocket its market price because of its low supply of only 21 million so if nothing bad happened it might just continue to increase its market price and we could make a good profit in the future the longer we HODL our investments.

I always consider multiple factors and out of which one would be the various trade indicators and by considering coins ATH/peak. We need to select indicators very carefully and first shortlist couple of indicators and combine the signals and decide our signal for buy and sell based on combination of these indicators but the most important thing is to backtest the data before concluding of indicators.

With the higher inflation this 2023, a lot of big names including Tucker Carson become a Bitcoiner. We are going to be seeing a much higher BTC than expected. If you expect BTC to be just $100K, you might just scramble to buy back to chase the profit when it rallies higher.

This is the usual thing that some of the investors do in the bull market. Price may drop back to $60k again after touching $100k and then bounce back up again to $128K so you'll never know how much you missed when you sell too early/.

Nobody knows the peak price of Bitcoin, but I'm sure, it's probably not just me. That the price of Bitcoin in the future will be very expensive because I see the development or progress of Bitcoin which continues to grow, and this is what makes me believe that the future of Bitcoin will be very bright.
And all that doesn't mean I didn't sell Bitcoin during this time, and I still sold it when it hit a new ATH and only sold part of the profits. And to enjoy the benefits, the goal is to buy or fulfill desires that I have planned beforehand and require large costs and I rely on profits from Bitcoin.
And I still buy periodically in small quantities as long as I think the price is reasonable, and I will also increase my purchase amount when the price goes down and normalize it again when it starts to rise.

The problem with the $100k is that it's psychologically-heavy. When too many people set this as a target, they'll be setting sell orders slightly below, just to make sure they get fulfilled and the rally might end up at a little below the $100k mark. But if we cross that mark with ease, we could see the ath significantly above the $100k. Similarly to the 2017 rally when, after crossing $10k, we went all the way up to almost $20k. Of course it's way harder and takes more capital to get to the $100k than it was to $10k.


It's a good thing nobody is proposing that. Maybe try to read a bit more than just the topic.


Out of curiosity, since you're a miner, what will you do if we're not at $40k after the halving. Will you just switch your hardware off and wait for how the situation unfolds, or just quit for good and try to sell your mining gear?
And how unprofitable will the mining be at block reward of BTC3.125 and the electricity price at the current levels?

Yes I understand what you mean, there are some of them who were initially very confident in the potential for bitcoin to recover to $ 60k soon but maybe there are also some concerns that cross their minds that encourage them to sell now while still in a position of profit and well they will immediately make their sales because maybe they prioritize better prevention than cure even though at first they were sure, honestly in my opinion this is not a problem and also not the wrong thing to do because they are already in a position of profit even though not by a significant amount.
Therefore, I have also said to some of my colleagues if you want to invest, it is better to use money that will not be used for other needs or the point is that you will not be afraid if later that is lost due to losses, if you use money that is ready for any condition then I think there will not be any pressure for yourself to then HOLD longer until bitcoin reaches ATH and obviously you will get more profit there.

Yes I agree with this statement, because it is a fact that it is very difficult to fully predict at what price bitcoin will rise to in the upcoming bullish season, and yes we will return to the decision that you think is best, even though the profit is not too big but it doesn't matter.