Topic: Hold or Sell - page 20. (Read 72393 times)

Its not a good idea to sell your bitcoin right now because bitcoin is currently recovering from the recent market correction. It is better to wait for some time  before selling.

Totally agree with your statement.
I also have the same as you, if target reached, time to sell for that particular trade even though its keeps rising. Profit is profit you have to manage those things and control your emotions not to be greedy when it comes to profit.

trading on this and based, first bought the coins when the price fell, and then sold when the price rose.

I believe that holding is an option for the lazy ones. More specifically, with day trading it is worth selling and buying more when falling, unambiguously. But if there is not so much time or the desire to do it - it remains to hold.

It is not an easy thing to hold your bitcoins for quite a long period of time. If you think you will be able to hold your coins at tough conditions even and that you will not sell your coins at the time when the market price will be falling down, then you should definitely go for holding of your bitcoins. Otherwise, go for selling of your coins at the time when the market value is high enough that you get your desired profit.

It actually depends on the standards that you have set for yourself. When your standards tell you that 5-8% is quite enough for you to be happy or contented, then you should go for it. But, it is imperative that you must not look back and regret for that trade when it increases more, so that you will not get disappointed and be emotional about it.

If i already have profit,new sold,continue to buy again wait for the price down

I guess it depends on the person who holds the coin. If they think they can profit more by holding then they will do hold. Either way, everything is a good option. Selling coins after a pump is a good thing to do also.

There are options other than to insure or sell your currencies, as bitcoin usually rises and then makes a correction the indicated would be to buy it in the low and hold to sell on high. In addition to being able to make money during this exchange period, you would still keep your capital currencies.

Of course nothing and certainty, you can sell today thinking about a future correction and the market simply ignore and continue to rise.

myself, the TAX MAN cometh

now I got a crap load of equip and stuff last year to offset some of this

but there are consequences of getting a crap load of scrypt-pow miners on a post/bet here on bitcointalk.org
april 1st 2017 (april fools day) on my claim of a $6 buck FLOOR...(sheesh was I off)

Thus, been trying to compensate for tax issues, but hard to keep up on equip (dubious bitmain products) etc

to compensate for the 'windfall'

thus, I expect crypto to be sideways at best at around 13k ..just because...of the uncertainty

like kind is going away next year in USA..thus a trade of ether to ltc to bitcoin in the past you could pass

it all thru from what I understand to BTC and only pay capital gains when you spent the bitcoin

now you have to pay capital gains each coin it hits along the way

you spend it right away (same day) not an issue...you save up btc (like i did) for equip and ltc goes up 5x

and then move it to btc your dorked a bit

also, IRS in USA still has no plan on what to do about the free Bitcoin Cash money....a small chance, imho,

they could call it income..thus you have say 100 btc..you have gross income of 28k more you have pay taxes

on

unlikely you say, this is the same IRS that went after 15 million accounts on coinbase and demanded everything,
including passwords, because they found THREE guys using coinbase to cheat taxes via BTC

the same IRS that in 2013 put out the IRS guidelines on cryptocurrency 10 days before the April 15th tax
filing deadline...demanding capital gains back to 2009 on all crypto spent

so me, I'll be happy with 13k sideways, but not counting on it

brad

keep how much you can keep, after the holidays the price will continue its growth.

- Your opinion is very good, we need to set profit targets and cut losses when we start buying and selling, that will help us avoid some bad situations and reduce the regret if we sell too soon. I also like to use this way because if we do not set a profit goal, we will become greedy and never satisfied with profit, that put us in a bad situation and lost a lot of profit, sometimes we will regret when the price of the coin we buy continues to increase, but I think we should learn satisfied with profit. Set targets to cut losses  is also something that we should do because trading is an interesting and unpredictable job, good situations can also turn into bad situations in just a moment, cutting losses will help us not lose more when we fall into those situations.

if you have money and not afraid to lost all just keep holding.

if you have 100$ and safe it in bank will be 200$ but with bitcoin will be 1M.

For me personally, we have to set our own targets so we do not feel disappointed. so suppose you have a target of 5% and the coin has already reached 5% you have to sell it even though the coin will rise again, that's just my way of trading. Everyone else has a different way, my way of not disappointing my heart because we have a target for ourselves.

Every currency is on the rise, because whether we admit this or not but this is a fact that crypto currency is a currency of future. And with everyday passing, the demand of crypto currency is getting higher and higher. Those with small investments are investing in Ripple, iota and others while bigger investors are preferring bitcoins and etherum.

Now with every day passing, because of this high demand the worth is getting higher and higher and it will not stop until the decline in demand, which seems impossible right now.

If you want to start a trade, first thing you need is patience. And you should inverse the unwanted money in bitcoin trading. Because to avoid of selling of bitcoin when the price is low and money needed time.When you sell the bitcoin when the price is high, you will get some additional dollars.You have to hold when the price is low.

better to hold if you have enough capital, because it is likely we will be more profitable if holding a coin. But if for daily trading better sell when the price is high and just waiting for the price down then we buy again.

You should have goal price when you want to be a trader never become greedy because sometimes if you want more it make you lose what you want. Being a trader is being a wise man.

It is Christmas day so a lot of people especially bitcoins holders are gonna sell their holdings that is why the bitcoins are falling nowadays because of that phenomenon. But me i cannot sell my bitcoins even if i wanted to because i do not wanted to cut off my loss because that would be a huge money for me and selling my bitcoins is not the right thing to do. I just need a lot of patience and i took this opportunity to buy bitcoins because their value are discounted so i can but them in a lower price.

Time to hold is when the is low and sell when high.