Good time to sell? - page 9. | Bitcointalksearch.org

pawel7777

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Quote from: adaseb on September 13, 2023, 11:38:51 PM

Well last cycle everyone wanted to sell at $100K or at least close to it. I think I wanted to sell at like $90-95K. But I guess many people decided to not be greedy and sold earlier at $69K. Hence it was the top.

This is why you can’t predict the top. If bitcoin touches $100k it won’t be the top, it will most likely go higher. Same reason why $10k wasn’t the top in 2017 and $50K wasn’t the top on 2021.

Similar. I wasn't dead-set on selling and didn't mind holding till another cycle, but virtually every expert was predicting $100k as a minimum so was aiming to sell around that and buy back later.

Quote from: bittraffic on September 14, 2023, 12:08:01 AM

There are indicators in chart to identify we are at the peak like the RSI. Its somehow can decieve chart readers though but obviously when it touches 70, its already a good time to sell.
It could go up more than the selling price you set but eventually the market will come down making your decision to be right still. Generally, as long as you profit, there is no bad decision.

Whether or not selling at $70k was a good move is something you will know only after the bull run ends. If it goes up to $500k and never goes back down to sub $100k, then I'd consider selling at $70k as a big mistake. I don't subscribe to the opinion that any profit is a success.
RSI is an indicator definitely worth considering, but I wouldn't rely on that alone.

Quote from: michellee on September 14, 2023, 07:21:12 AM

But if the Bitcoin price in the bull run can exceed $60k and reach above $80k, that is a good price target to sell Bitcoin. But every trader must have a target selling price so it will vary.

For anyone who held through the previous ATH, selling at $80k is a really poor return and doesn't even beat inflation. I wouldn't never sell all stash at that price, maybe max 20%.

Quote from: philipma1957 on September 14, 2023, 10:30:01 AM

I have a ladder up set at

45454.50
55555.50
65656.50
76767.60
87878.70
98989.80
121212.12
131313.13
141414.14
151515.15

5% of my coins for each step up

If we reach 151515.15 I would still have 50% of my btc Not sure if I would set a new ladder up if we get there.

Wouldn't you be tempted to sell more if it becomes evident that the $150k was the peak and we're only going down from there? Also, are you going to buy back after the bull run, or just consume the profits?

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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 always use the fibonacci level to determine the sweet spot on taking profit. You can use different time frame on when to apply the level to get the perfect take profit since fibonacci level is base on previous high low and it reflects its counterpart future predictions which trader typically follow.

It’s a self fulfilling prophecy. Use longer time frame such as monthly to apply fibo so that you can have an idea to what is the possible price to take profit. Just take profit on price within each level to have a greater chance to sell on a price resistance which is the sweet spot for selling.

pawel7777

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Quote from: Doan9269 on September 13, 2023, 05:25:35 PM

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.

So if it reaches $67k and starts gradually falling from there, would you not sell at all? And how exactly do you determine whether to sell just above $68k or wait for potential $150k?

Quote from: Doan9269 on September 13, 2023, 05:25:35 PM

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.

What do you mean "keep rising"? You will never see a situation when it goes up every day. Zoom in the chart for any period and you'll see that even during the rally you have periods of the price going down.

Quote from: tabas on September 13, 2023, 06:29:07 PM

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?

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.

Are you a woman?

Quote from: OgNasty on September 13, 2023, 08:21:13 PM

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.

That's a "hodler" strategy, but I'm more interested in the aproach from a trader's point of view. i.e. If you only have 1btc (most people have much less than that) and consider the "life changing amount" to be, say $2 millions, then sitting and waiting might not be a best idea. You're much more likely to hit your target by trading.

philipma1957

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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?

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 a ladder up set at

45454.50
55555.50
65656.50
76767.60
87878.70
98989.80
121212.12
131313.13
141414.14
151515.15

5% of my coins for each step up

If we reach 151515.15 I would still have 50% of my btc Not sure if I would set a new ladder up if we get there.

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Quote from: Wiwo on September 13, 2023, 05:07:53 PM

I prefer to DCA based on set percentage all the way up...

Me too. I tentatively plan to make two sales: when the price approaches the previous ATH and when it approaches $100K. If you're in the mood for cash in the profit it's best to do it a few thousand earlier because when those figures are approached a lot of sell orders are placed and they are hard to beat. So better to sell at $95K than at $105K, but if you are not in a hurry better wait for $105K and you will have an approximate 10% more profitability. I did something like that in the last bull market and depending on how things go I will sell more if we have a very good bullish cycle, and if after the second sale the price goes down and becomes bearish I will keep accumulating.

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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?

When it reaches ATH, let's say the price at that time is at $80k, it means that ATH has been passed and it has become our profit because when we bought btc at a price around $30k.
You never know but people say 100k is already at the top so that's their target.

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?

Of course we have a goal price of let's say 100k or 150k, or it's a good idea to sell defensively in the range of 100k and above or slightly below, I think when they have pocketed 3x profit then that's big enough.

TravelMug

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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?

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 guess no one can time the market, same time as we don't know when we are going to see the lowest low during bear market. However, if we look at the past history of bitcoin, 2017 peaks in December, and then 2021 it's around November. So perhaps around that time in 2025, last quarter of the year will be the best bet that we might reach the highest price for that bull cycle.

So for me, that is my goal on when to sell, it might not be the highest price, but at least around that ball park time frame and see how big the price will be.

Nrcewker

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That’s an interesting question. I feel many people sell the coins when it reaches a particular price. They set the price target for the bull run, and once it reaches it, they sell the coins. But if you ask me then my answer will be different. As I am treating Bitcoins as a lifetime investment opportunity, so I don’t have any plans to sell them, no matter what’s the price is. I only sell the coins whenever I am in need of emergency funds. Otherwise I don’t have any plans to sell these valuable coins.

michellee

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It depends on the target selling price of each trader. But if the Bitcoin price in the bull run can exceed $60k and reach above $80k, that is a good price target to sell Bitcoin. But every trader must have a target selling price so it will vary.

But if you use the strategy "buy at a low price and sell at a higher price," it will only depend on market movements. You don't wait for the price to get a bull run but instead sell the Bitcoin every time it reaches a high price. It will give you profits; if you can repeat it, your profits will be even greater.

The important thing is that you have to know the target selling price you want. You can sell if the Bitcoin price has reached the target selling price. And don't be greedy because you expect bigger profits because usually, that will cause us not to get the biggest profits.

armanda90

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Its important thing in trading have to use set goals for selling assets, actually if investing in Bitcoin we have target until how long investing in bitcoin and our goals price of bitcoin for selling it. To make less greedy with some trader when getting their assets have been in higher price is very important for setting goal target when time for selling bitcoin, its not important in the future have any good news and many outside predicting when in the higher price make them blame and hold until bitcoin or another coins investment back to lower price.

I have long term planning with bitcoin investment and selling Bitcoin or good time for selling assets when raising up above 40% of my investment price, its not matter have adopt with long or short term investment during not raise with my target selling price I don't try to sell and keep holding after researching with bitcoin target or altcoin possibility raise up with my predict price in the future.

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

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

When everyone is greedy and greedy about Bitcoin and the price will increase, yet trading volumes decrease and positive news flows, all of which is fake, then you know that it is time to sell. I will sell somewhere near $100k to $125k and will buy again when the price is 70k, I don't plan on spending Bitcoin for the next 4 years so my goal is to try to double what I have.

benalexis12

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No one knows how far the highest value of Bitcoin or the coins we will hold until the bull run will reach. But we should really have a target price for when we will sell it, knowing that we already have big savings no matter what. And when our target is not reached, it is now up to us if we should extend our holdings in the coins we hold. Now, if, for example, our target price is still 50% less than our expected price value, meaning you have a profit anyway, it's up to us if we sell it; it's that simple.

CageMabok

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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?

The question looks so simple, but it is not easy to give the answer even though it sounds very simple. However, on this occasion I will still provide a few answers regarding when is the right time to sell? then the answer is when you see the profits and feel satisfied with those profits. But for the answer to when we know a price has reached a peak, this is a little difficult to say because the guideline doesn't necessarily have to look at the ATH number that has been reached on a particular coin or cryptocurrency in the market in the past.

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?

My goal in selling is because there is already a profit, but if conditions are experiencing a downturn I will not immediately sell even though I have not yet made a loss and can still make a profit. I will continue to hold it until I see the next increase in the market because usually after a price decrease there will definitely be another price increase in the future and those are two things that I see very often in the market so I don't really care about the peak price because it is very it is difficult to know what peak price will occur in a coin like Bitcoin for example.

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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?

Perhaps, no one can predict the actual peak value so it is all about our profit margin and how long we can stretch it out which may involve simple strategies like I am going to sell when I made this amount of profit or other strategies like selling their stacks in batches so at some point they might be able to sell at the near value of ATH.

I would say when you make 2x of profits then its already a really good time to sell your entire stack and wait for the next dip but as we know, nobody is going to be satisfied no matter how profitable they are now.

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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?

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?

You’re never going to sell the exact top but there are clues when to sell some. Obviously never sell your entire stack, that’s just insanity. There are many charts & models that tell you when the market is overbought which could indicate a top such as following the RSI. Do your own research though, some point from Q2 of 2025 towards the end of the year is a good time to sell some.

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

-snip-

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?

There is a target selling price, but when there is already a profit from the purchase price, when certain conditions require selling, I will release it as much as necessary, not release everything because the basic target cannot be removed.
Regarding selling bitcoin, I try to hold until the target return is achieved. If there is another option that can cover urgent needs without having to sell it, then that is the option I will do.

peter0425

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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?

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?

for me , it doesn't need to be Peak because what I only wanted is a breaking again of the recent ATH and I'm good, though i will try to wait more to 100k , but if this hinders the increase for a week then i will sell at the range.

Quote from: bittraffic on September 14, 2023, 12:08:01 AM

There are indicators in chart to identify we are at the peak like the RSI. Its somehow can decieve chart readers though but obviously when it touches 70, its already a good time to sell.

It could go up more than the selling price you set but eventually the market will come down making your decision to be right still. Generally, as long as you profit, there is no bad decision.

don't think that 70 is a good time to buy because that is just a 1k above the past ATH, for me it is at least 80k and up to best making decisions.

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There are indicators in chart to identify we are at the peak like the RSI. Its somehow can decieve chart readers though but obviously when it touches 70, its already a good time to sell.

It could go up more than the selling price you set but eventually the market will come down making your decision to be right still. Generally, as long as you profit, there is no bad decision.

adaseb

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Well last cycle everyone wanted to sell at $100K or at least close to it. I think I wanted to sell at like $90-95K. But I guess many people decided to not be greedy and sold earlier at $69K. Hence it was the top.

This is why you can’t predict the top. If bitcoin touches $100k it won’t be the top, it will most likely go higher. Same reason why $10k wasn’t the top in 2017 and $50K wasn’t the top on 2021.

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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

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