Topic: Good time to sell? - page 8. (Read 1165 times)

We know it's easy to make an entry, but it is not that easy to exit. Many use different tactics to plan their exit strategy, and I think sharing my own strategy can help others. I usually use three tools to identify different market phases. Here is the name and how I am using it. I will not make this a big post. So I will not explain how they work; instead, I will add a link to where you can learn more about them, and I will only explain how I am using them.

EMA: can be used to identify bitcoin market trends.
Setting: Daily 200 EMA.
Use: Below 200 EMA indicates a bearish market trend, and above it shows a bullish market trend.

S2F Model: Can be used to predict the future price of bitcoin. This uses a simple calculation to calculate the scarcity of bitcoin.
Circulating supply of bitcoin (stock) / newly added bitcoin every year (flow) = Bitcoin S2F ratio.
Use: Red dot = starting of bull, orange and yellow = continuation of bull, green = market peak, blue = starting of bear


Hash Ribbons: Tracking bitcoin hashrate ups and downs can also give us an idea about the market. A drop in the hashrate means the market is bearish sentiment.
Setting: Weekly Chart (that green line is 30 MA and the grey line is 60 MA).
Use: When 30 MA crosses below 60 MA, that indicates a sharp fall in hashrate, and when it is opposite, it indicates an increase in hashrate, which is a bullish signal.


I use some other indicators as well, but these are mostly used to understand market sentiment. They help me to plan my stratgey to accumulate bitcoin for the long term.

We cannot know for sure that we have peaked but we can adjust our entry and exit times in line with certain paradigms. If you are new to the market, you can support your investment just by looking at halving years. The golden rule is to be patient and not get carried away. If you need to get rich quick, this is not for you. The trend is never just up or down. Therefore, knowing when to buy can help you plan when to sell.

The first step is to know what you want and have a clear strategy. For example, buying a car, paying off debts, etc. To determine when it's time to sell a cryptocurrency you've bought, we first need to follow the rise of the cryptocurrency, and if you've reached two or three times the price of your purchase, you can consider selling all or part of your asset. Selling gradually should always be at the forefront. Because whether you're selling at a loss or at a profit, you'll always have a chance to take a step towards the next move. When investing in a new cryptocurrency, you may be tempted to sell because the project has lost its purpose, is not making progress or innovations. In this case, you should aim to reduce your losses by trying to sell at a reasonable price.

While you are not wrong to sell BTC because you have made a profit, if you already believe that BTC can recover back to $60k, why don't you put more faith and sell it when it surpasses the old ATH to make a little more profit?

None of us can analyze or predict exactly what bitcoin's highest peak will be in the upcoming bull season, so selling according to a set target is wisest. Don't sell bitcoin based on emotions because greed will always harm us, it never brings good results.

I have bought my BTC in mix prizes as I take the opportunity when there is a price fall. If ever the bull season will come (probably) I set my selling price to $60k, quite already a double price from the last time I bought BTC at $28k. Might it happen that I sell some earlier before it reaches that price or after depending on the market trend? Of course, the first plan can be changed depending on the market condition but I'm not sure if I still have to wait for the ATH knowing that it was hard to predict it. 

Maybe it was a bad return. But at least those people who missed out on selling Bitcoin at $60k yesterday could have made quite a profit if they sold it at $80k. And the number of Bitcoins they will sell will also depend on the number of Bitcoins they have.

After the price reaches $80k, there will be another correction if the price is unable to break through the higher price. And that has happened often. We just have to observe how the Bitcoin price moves.

Each of us wants to sell at the highest price. But unfortunately, not many of us can see or discover when the highest price will be reached. So we can only place a sell order at what we think is the highest price we want and wait until it is filled.

IMO, the perfect time to sell since nobody knows whether or not we reached the peak during bullrun, it is when bitcoin hits your target. That only if you have set and calculated your profit during the time when you start accumulating bitcoin.
Though seeking for the peak or selling incrementally maybe a good strategy, especially when it exceeded your target, but that will give you enough stress for sure as you will be monitoring the market movement, because bitcoin is so volatile that it would literally drop massively after it peaks. So, chances are you'll miss your target and might probably sell a little below your target.

I can't understand why they are thinking of selling Bitcoin when there is so little time left until the bull season according to forecasts. They can sell their Bitcoin if you are in debt or need money, but other than these reasons there is no point in selling Bitcoin. They cannot make enough profits, especially when the price is at this level. They can wait for the bull season to come and make more profits.

People should not consider selling Bitcoin every time its price drops. What those who want to make a profit need to do is very simple; Buying when the price of Bitcoin falls and selling when it rises.

I use the DCA method as a specific way to sell bitcoins. And it's all based on guesswork because no one can say exactly what Bitcoin will be worth. So since we have to engage in all our activities based on assumptions. Most people wait for the price to be determined correctly and they are more likely to miss the train. No one can determine exactly what the ATH price will be that's why most people face losses when selling at the exact price. In such a case we use the DCA method is the best way since all activities are based on assumptions.

No I do not think this is a good time to sell your Bitcoin. If you are feeling you want to sell some Bitcoin I think you should just wait until the next 'bull run'. Right now in this time will not be a good idea.

Or if you want to wait longer we are going to see bigger profits next year. In April or May of next year will be the next halving. And we always see gains when this happens.

In general, the good time to sell is of course when the price is already increasing. But many of us prefer to wait longer (this is understandable) for wanting more then ending up missed the opportunity to take profit. Anyway, it depends on what we prefer, if you're already happy with what you gained, sell. Small or big, that's still a profit and that's what matter here.

I actually I have a set target price on when to sell. But I can't say for now if I will go all in, then buy again when the price decreased or just take profit and still hold some. Let's just see if the time comes.

The timing of selling has a relation with profit therefore if a person can attain maximum amount of money then thoughts about previous and coming  Bull and bear market is not a concern.

Everyone plans differently some plans to get the chance by waiting for longer time while those of the other investor will fix the amount for profit and as the market reach to that value they will immediately make a profit by selling their coin.

The market is so unpredictable that one will choose profit instead of waiting for more increase but in one case they can wait like that of waiting for halving.

Sell when in greens - How much? It would really be according into your set goals or targets and this would really vary on each of everyone.
Determining on when to sell would be always be pertaining about the positive side of things, the only differs on here is on how much in % you have gain and it is it really worth the wait?

Knowing the peak? There's no knowing about the peak because if theres one then for sure we had sold out all of our Bitcoin stashes on the time that it did hit 69k and would really be having  that instant crash.
Selling decisions will really vary on someones profit taking measures which there are ones who do mind for short term and there are ones who do really come after for long term holds on which
it doesnt really matter on what are the current present approach because they dont really care on how it should be because there's no way that they would be making up some closure
in regarding into their position.

Awful time to sell but its always personal because you might just need the money.  Presuming you are able then you dont sell here you hold and ideally you add some on the basis that over time the situation is improving.  The price is almost an irreverent variable, whatever price is there is less important then purely the continuation and progression of BTC to greater things simple as that.   Same goes for any product, sector, commodity, choose something which gains value which is good in position for demand vs supply.
    Speculation is secondary sometimes profitable juggling done by some but its not a requirement, if your base case is sell or hold absolutely all then you dont sell all so long as you agree this market is valid and improving.
  Forget price its the end result of a thousand cogs and gears but main deal to me always has been the machine is continuing its work and price is just a label, its a skin deep guess by the market to enable bid and orders on that particular day.

Don't we already plan something when we invest? That includes the return target that we will take, right?
So if I have gotten a return in line with my initial target, then it is very likely that I will completely get out of the investment regardless of whether I will exceed a few percent by that level or maybe completely.

This of course does not depend on the time frame, but clearly depends on the price. However, I might be able to make some adjustments such as still holding 20% ​​- 30% of my bitcoins if 70% of them have covered the initial target. This means that I will still hold the other 30% if market conditions are still very supportive.

You don't have to know if we have reached the peak, all you need to look out for is Bitcoin beating it's old all time high, that's when you should start taking profits, you don't have to sell everything at once, that's wrong way of taking profit, you want to slowly take profit because you can't tell how further the price of Bitcoin wants to go.

It's possible for Bitcoin to reach a new all time high, it's pretty clear if you look at it's past price actions, maybe we will reach 120k in the next bull market? No one knows, but instead of waiting it's better to start taking profit somewhere between 80k range and above, once we hit 80k im good, that's where I will start taking my own profit and I will wait for the dominance to start falling, then I will bounce on altcoins too.

Not really, just because it's here, doesn't mean that it will crash, and just because we feel like it "may" crash doesn't mean that we are right. We should let it be and that should be a lot better on the long term. I get that it is going to be a tough job, but as long as we make it work, we should be fine.

I believe that it is going to take some time but as long as we let it be as it is, it should be making us profit the more we wait. I get that life is not that simple in most cases, waiting is hard, but we can do it. Crashing is something that could hurt it, but you could DCA and do fine. Life is not simple, and doing something like this could result with a great profit without doing much, take the simple pleasures of life.

Frankly 40k is needed soon due to the 1/2 ing approaching us.

If we are in march 2024  and not close to 40k we have serious issues for miners. I am wondering if we get a pre 1/2ing  rally.

march 2015 $244

sept    2015 $236
oct      2015 $314
nov     2015 $376
dec     2015 $430
jan     2016  $369
feb.    2016  $437
mar.   2016  $416
apr.    2016  $448
may.   2016 $531
jun      2016 $672
1/2 ing  600 or so
jul.      2016. $624

so we may get a relief rally  for miners which will have us over 40k in time for the 1/2ing

It makes no sense to sell now. Almost all possible negative news has already happened, and the time for positive news should come soon. I think that such news will start to appear in the spring of 2024, so we don't have long to wait. Soon is halving, and that's something to remember.

Of course we want to sell at the highest price possible as an act of greed but we have always dreamed of $100K to offload some bitcoins defensively if the price continues to rise.

We see from this goal is with the previous cycle how much the increase from the previous ATH whether it is 1x, 2x or 3x but in the sense that when people buy the lowest price let's say with a price below $15K they already get to multiply with a price of $70K but the average of us is unlikely to buy at $15K of course it is above that and see how our average purchase with DCA.

Obviously I want to do it defensively with sales, I don't even want to spend all of it, after there is 30% left I want to accumulate more.

Don't know we are not there yet.

I am old for the crypto world.

I am 66 years old I am not wealthy and I am not poor.

I do not have a ton of btc , but I do mine and am stacking at the moment.

If we go into the bull in 2025 I will have more stacked coin than if we go bull in fall of 2024.

So if we sunup and I start sell in 2025 from 44k to 150k ladder up would likely mean I had 2btc  sold 1 netted 100k and have a coin left  It would be very tempting to sell at least 1/2 of the remaining btc at 130-140 k

I would end up selling about 1.5 btc for about 165k.  It would be a nice supplement to what I have and I may continue mining. And setting up a downwards buy ladder.

I have other monies and by 2025 could have enough from other holdings that I do not give a shit about btc. I would simply hodl all of it.

realistically having 5btc in hand  for the 2025 bull run is not likely unless something weird happens.