Topic: How do you decide when it's time to sell? - page 18. (Read 14650 times)

I will decide time to sell when i see another coin that is more potent than bitcoin. Because i want to find an alternative investment opportunity with better upside potential.

Depends on a lot of things that all boil down to one thing:  market conditions

I'll tell you, when I started I knew the key to being successful was to be flexible, but all the material I found said "Take no less than 2x risk and sometimes 3x or more depending upon the trade"   I found a ton of different methods to define "sometimes" and "depending" and eventually, with no other options I gave in and found myself asking the same questions you are.  Sometimes my trades would reverse right before my take profit point.  Sometimes I'd take 2x profits and see it run 5x or more. . and did I ever need that money to mitigate previous losses!   It was infuriating, and the none day I found myself back at the beginning learning to be flexible.

First, if you haven't accepted that you'll almost never buy on the lowest tick of a move and sell on the highest please do that now.  It's all about taking your profits out of the middle.  Getting better causes your middle to get wider. . . or something.

Second, I learned to lean on my experience and to know what type of market conditions I'm dealing with.  If I'm in a choppy market the distance between value and weakness will be smaller. 

Third (and most specifically), I found truth in volume.  This is a discussion that can take up many books but to boil it waaaaay down think of it like looking at a TrueCar report.  They show you a distribution of cars sold   1x @ 32,000   5x @ 35,000  1x @ 37,000 and we're helping you get it at $32,500!  Right?   That's value, and you can tell because almost no one is paying that little.  Weakness is on the other side.   No one, except for one schmuck with bad credit and no negotiating skills paid $37,000 because the price is too high.  The market can't support it.

Most recently bitcoin almost hit 8k,  but when it got there volume dried up and sellers came in hot and heavy.  The market couldn't support it, and the price dropped quickly.

So that's how I do/did it.  It takes time to learn how, but once you do you'll see it all markets.

I've decide to sell my altcoins  if i see the open order of the price is high above the expection value what i want.because if you sell in low target price because you needed badly maybe you will dissapointed,so in order to gain more profits we must find a best strategy when to trade our bitcoins,in the right time.

I think it is not appropriate time to sell Bitcoin as there are chances that the prices may go high. It is usually sell out when one feels that the rate may come down, presently I do not see such situation. However if one needs money immediately then one should sell in minimum amount to avoid loss. The remaining Bitcoin may be hold on.

Selling bitcoin depends in the necessity of the owner and of course the price of its exchange. The higher the price the best time to sell bitcoin because the more people also want to buy it. Just be careful of your wallet so that no one can access your hard earned bitcoins while your holding it.

The thing is I myself do not think of selling of bitcoin as some good idea. The way bitcoin market’s price is increasing with each passing day is a proof of this thing that holding can help you in making more money. In case of need, I only sell my bitcoins at the time when I am having some good amount of profit in return. I do not go for panic selling as it will only result in huge loss.

My husband strategy in selling bitcoin is he sell bitcoin when the price is high.  Unlike others, he kept on monitoring the price of bitcoin.  And every time the price is high, it is the best opportunity for him to sell his bitcoins.  But when the bitcoin price is low, he start buying bitcoin.  It is just proper timing. So, this is also my strategy.

Other than emergency needs I used to fix a target and sell it when the price reaches the particular amount. Recently made a selling of bitcoin at the price of $6500, and by the next day the price went close to $7000 and soon crossed the same. So, even while fixing the target and selling you need luck to experience better profit than expected.

i use stochastics-oscillator and when it is in the upper region i sell

Everyone does the same for selling bitcoin. You never know about untold and unwarned financial crisis and to overcome them, you are supposed to sell off bitcoin. Personally I am in favor of setting targets with bitcoin and sell them off when you reach your targeted value and if we look at the current situation of bitcoin, holding is best till the mid of December because then bitcoin will be of 7k dollars.

If the investor is living in the country where bitcoin is used frequently then there is no issue about shortage of money because in those countries bitcoin can be used as payment and this coin has capability to overcome any type of financial crisis because this coin gives so much that one can easily survives in shortage time and sell bitcoin in the time of high price and more of it buy at the time of falling, so simple.

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?
 No you are wrong. me and my friends always monitor different coins price so that when the price is pumping we will not miss it and that is the time to convert our coin. by that your questions such as

" 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. "

will not rise. you will avoid selling bitcoin in low price. By means of monitoring we can also analyze what coin is better to buy or not. We can make sure that the we are buying is a good coin and many people are trading this coin so we have assurance that we have profit and we did not waste our money buying this coin

for me, first of all if i need money, but if you think that bitcoin value will going to fall maybe it's time to sell your bitcoin but do it in your own risk.

Right now i do not like to sell altcoins, because the price it is too low. I can sell them only in case if it gets x3-x5. Then i could sell 50% of assets. But i think in future everything is going to have higher price, so there is no point to sell a lot.

You need to monitor every time if you're just holding it for short or mid term but if you're into long term holding all you need is to sit with it.
I decide to sell when I profited at least 10% of it like I don't wanna be too greedy and just want to have a fast return of investment then will just buy back again in dips. Also I sell of course when I need some fiat like if there's an unavoidable circumstances that I need to take an action but if none, I didn't touch my coins and watch it grow.

Once you bought a bitcoin, you have to be patient and cautious when you are about to sell your bitcoin. I sell it once the price climbs up and look at the previous charts as a guide if the price can climb more.

Well it depends on what is your plan with your trade. If you invest it for long term then I think you shouldnt be worrying it. If day trader then apparently within the. I usually take profit if it hits 5-7%. This will be a more realistic target. Search for a volatile coin and have a good volume so that you can get out easily. For midterm I think 20-30% is sufficient enough but if I am  anticipating news that may give a big impact to the coin then I just set a stop loss then if it gets higher then I just adjust my stop loss. As they always say have a trading plan before entering any trade.

It depends. Are you doing long-term, mid-term or short term investment?

Long term the best is to just HODL. Sell if you need to pay expenses in fiat.

Midterm is really up to you. How much profits do you want to walk away with?

Short term/day trading - Analyze charts and sell when the technical indicators suggest you do so.

I'll put a price where I think it gives me a lot of advantages, right you say if put the price is too high, we will not be able to sell anything.
So the decision will return to itself

Whenever i want, condition in profit at least 8%. While on bitcoin, i sell when has achieved profit above 20%. Although it can be said hastily, but it's my sustenance. So, I don't feel loss potential to gain bigger profit.