Topic: How do you decide when it's time to sell? - page 10. (Read 14650 times)
You better decide it when you buy and be satisfied with the profit you made even if the price goes higher. Nobody can predict the future.
I sell my coins whenever the price is high. But its hard to know if the price is good enough to sell my coins. Some coins are grow even more in the future.
One thing is for sure and that is sell your coins only when the market value of the coins which you are having starts rising to this much of value that you can get some very good amount of money in the form of profit by selling your bitcoins. There is no right time for selling your bitcoins.It is you who has to make this decision that now is the time to sell your bitcoins and that you can only do once you get satisfied with the money which you are getting in return.
Sometimes you just think the price is high and then you sell your coins. Then you see price is making further returns up to 2x, 3x, 5x and so on. This is the worst scenario you can ever face with.
To make a practical example, a good moment to sell would have been before the collapse of Bitcoin price in the past 24 hours. Technical analysis was pointing to the likeness of this drop. A bad moment to sell is during the collapse - panic selling is the worse you can do.
I sell my coins whenever the price is high. But its hard to know if the price is good enough to sell my coins. Some coins are grow even more in the future.
One thing is for sure and that is sell your coins only when the market value of the coins which you are having starts rising to this much of value that you can get some very good amount of money in the form of profit by selling your bitcoins. There is no right time for selling your bitcoins.It is you who has to make this decision that now is the time to sell your bitcoins and that you can only do once you get satisfied with the money which you are getting in return.
Basically It's not possible to think or know when the good time to sell.Because it depend when the time to buy and what prices you buy.If you buy very low rate and keep hold then 30% profits is good i think.Yet it depends on your buy price position.
True, that one worked for me.
Others will always say buy low, sell high. But as for me, while the latter sure is helpful in trading, your personal gauge should be how much you bought it for and at what time you did so. That should be your baseline. So like for instance, you bought it for $1 today, you can try selling it at $1.5 tomorrow. Have a target on how much income you like, and write it down. (Always measure the time you intend to get back your return on investment.) Writing your goals will make you more motivated to do what you are ought to do. It will also keep you reminded of how much money you poured in in your investments. Hence as for me, keeping a timeline enabled me to be more conscious about what I am doing with my investments. In fact, it is the only thing I rely onto when I decide to sell.
Others will always say buy low, sell high. But as for me, while the latter sure is helpful in trading, your personal gauge should be how much you bought it for and at what time you did so. That should be your baseline. So like for instance, you bought it for $1 today, you can try selling it at $1.5 tomorrow. Have a target on how much income you like, and write it down. (Always measure the time you intend to get back your return on investment.) Writing your goals will make you more motivated to do what you are ought to do. It will also keep you reminded of how much money you poured in in your investments. Hence as for me, keeping a timeline enabled me to be more conscious about what I am doing with my investments. In fact, it is the only thing I rely onto when I decide to sell.
I usually set an own target for each coin before investing. besides, i always follow the market frequently to catch news. it helps me give right decisions
In my opinion, It will depend on the person when he or she decides to sell the bitcoin. Everyone has own plan to sell their bitcoin, so if you need the money and there are no ways to have money, so that is the best time to sell your bitcoin or altcoin, no matter what is the price convert it to the fiat. As long you have the money don't convert to fiat because the movement of the price on the markets change we don’t know when it will raise again. At the end you are the one will decide to sell or to hold.
it is all depend on the person that is true like me when i sell i look unto the price before i decide to sell or not like today my decision is that i will not sell because of too low the value of bitcoin , as long as i can be frugal in handling my fiat i will , because it is full of regret if i sell and then the price started to go up again .
In my opinion, It will depend on the person when he or she decides to sell the bitcoin. Everyone has own plan to sell their bitcoin, so if you need the money and there are no ways to have money, so that is the best time to sell your bitcoin or altcoin, no matter what is the price convert it to the fiat. As long you have the money don't convert to fiat because the movement of the price on the markets change we don’t know when it will raise again. At the end you are the one will decide to sell or to hold.
this was my point of view also that the way on how you are able to sell just you make some decision for are may depends on you if you may have some plan of the way of you how are you may able to decide when are you planning to sell for.
In my opinion, It will depend on the person when he or she decides to sell the bitcoin. Everyone has own plan to sell their bitcoin, so if you need the money and there are no ways to have money, so that is the best time to sell your bitcoin or altcoin, no matter what is the price convert it to the fiat. As long you have the money don't convert to fiat because the movement of the price on the markets change we don’t know when it will raise again. At the end you are the one will decide to sell or to hold.
Nobody wants to be monitoring the prices all day with the cursor on the sell button just waiting to click the mouse, so how do you decide when to sell?
If you set up an open order with a low target price, you'll be disappointed when the price climbs well above your target price.
If you set up an open order with too high a price, you might not sell at all.
What's your strategy?
For me the perfect time to sell is when you have a good stock and rate you should be patient for buyers if you want to sell and also grab the opportunity if you have once but you must be wise in selling. If you set up an open order with a low target price, you'll be disappointed when the price climbs well above your target price.
If you set up an open order with too high a price, you might not sell at all.
What's your strategy?
I decide to sell my coins when the price is higher than the price where i buy.
I doing that also, because everyone knows that the strategy of trading is buy for the lowest price and sell when the price is higher than your actaul price that you buy. However, there's no such thing as a right time when it comes to sell our altcoin, because there's so many altcoin out there that their price was so slow when it comes to increase their value or price.
I simply decide on a certain percentage target. This mindset definitely helped me avoid huge losses in the past. The market is unpredictable and taking chances for the hopes of getting a higher value could have a devastating turnout. Yes, I might sell early if the target is reached and the next day it goes even higher, but a profit is a profit and just remember the reasons for using this strategy.
I sell my coins whenever the price is high. But its hard to know if the price is good enough to sell my coins. Some coins are grow even more in the future.
I simply decide the right time to sell when the price is at the highest because obviously it is more profitable. Sometimes, it's kinda dissapointing when the price of bitcoin keep on decreasing continously for almost a month which made someone panic and sell his/her coin at low price and I won't blame them for doing that because for sure negativity strike them. However, if you think you can hold your coins then hold it for a while until the price of it is larger than it used to be.
Nobody wants to be monitoring the prices all day with the cursor on the sell button just waiting to click the mouse, so how do you decide when to sell?
If you set up an open order with a low target price, you'll be disappointed when the price climbs well above your target price.
If you set up an open order with too high a price, you might not sell at all.
What's your strategy?
If you set up an open order with a low target price, you'll be disappointed when the price climbs well above your target price.
If you set up an open order with too high a price, you might not sell at all.
What's your strategy?
When i see that the price of the coins is pretty much larger than it used to be. Because i just join in a bounty campaigns and i am not selling those bounty rewards that are giving to me unless the price is right. If i know that i will gain a lot of money in it. Because the fees are getting expensibe these days and it is gard tp sell coins in a lower price so if the price is grat as i calculated it it is good for me to sell it.
Only when you decide at which percentage of your total profit you want to sell, as an example, sometimes i do not want to leave the market, i just hold as much as i can and then see what is going to happen, there are 99% chances of making more money
Whenever the price is high I would definitely sell it, coming from the golden rule of Buy low and sell high. Though, as for me I do use the golden rule from time to time. Actually, I'd agree that there's no such thing is a perfect time to sell or buy its more risk taking. As for me following the golden rule of buying low, I've set a standard percentage in which it reaches to that point I would definetely convert it to cash and re-invest again. Though due to volatility of the market its quite hard to predict what could be the rates from time to time. It wouls sometimes be in your favor or not. I do take some pre-cautions before I decided, so that I wouldn't regret anything.
There is no way to know which is the right moment. Usually, if the price goes up parabolic, any moment is good to sell, because the price could tank back any moment. You will often regret to have sold too early and to have gained less than you could have, but that's better than to have sold too late and to have actually lost money...
I set a profit margin of almost 8% or 18% and as soon my invested coin reaches that price target,then i just sell my coins and complete the trade.Some don't set such profit limits and they simply follow the price rise thinking that it would continue to rise and suddenly when it gets dumped,then they suffer a huge loss by selling their coins at much lower price than their bought price.
Its so simple to know about when to sell bitcoin I think he best way to sell bitcoin is to check the price of bitcoin every day now a days bitcoin price is very high and in my country bitcoin price is very high when you want to sell bitcoin so you can sell bitcoin because this price is coming from last month and its one of the highest price of bitcoin which I never see before and I’m sure that in coming time bitcoin price will go more high.Though I am not in a favor of selling my bitcoins but I follow one conviction regarding this. I only sell my bitcoins once I see the market price of bitcoins going this much high that selling results in some good amount of profit. Otherwise, I hold my bitcoins and wait for the right time to sell.
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