How do you decide when it's time to sell? - page 24.

ngacengan

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Quote from: sweetbet on August 23, 2017, 09:47:49 PM

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?

I just want to invest long term so I will sell my bitcoin 5 years to come, I believe bitcoin will be more expensive.

traccdev

newbie

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Merit: 0

Market news shows too much positivity but less activity on instrument. That is a good indication for selling.

StarofBTC

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Quote from: Ardolafat on September 14, 2017, 03:06:28 AM

Quote from: Bitcotalk on September 14, 2017, 02:50:33 AM

Quote from: erick94 on September 11, 2017, 01:49:51 AM

Quote from: eloymjb on September 11, 2017, 12:59:40 AM

i decide to sell my altcoins. when i noticed that i have a good and high profit to me. when i realized that the value of my altcoins doesnt rise high more. and lastly i decide to sell my altcoins when i really needed money. even if it low or high when i need it then i sell it.

your step is very precise, you must sell altcoin when it is good price and is in need. holding the coins too long is also not good because at any time the price of coins can drop drastically so when the price has reached the highest point better sold.

You have rightly said. Holding the Bitcoin for quite a longer time can result in loss but it can also result in having a lot of profit as well. I think if you want to play a safe game, then better is not to go for long term holding. You need to have something in your mind that you will sell you Bitcoins when this much profit I’ll be getting.

Holding is good but it can go the other way too if the price of bitcoin crash in future then your holding would go in vain so the best thing would be to sell your coins when it hits your target price as getting too greedy can also have negative impact on your profits so better to sell when price goes higher and buy it back when price drops.

Very well said! I think there is always a right time to make a decision to sell the Bitcoins for everyone who owns them. I think no one will definitely want to sell the Bitcoins at less profit, I think it is you who has to decide that how much profit you want to earn from it and for how long you need to hold your Bitcoin. You can only make the correct decision.

richkellj

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Quote from: batang_bitcoin on September 14, 2017, 05:16:44 PM

Quote from: gabmen on September 14, 2017, 07:34:42 AM

Quote from: batang_bitcoin on September 14, 2017, 06:44:51 AM

Quote from: Supergain03 on September 14, 2017, 05:59:43 AM

Quote from: Fappanu on September 14, 2017, 04:10:30 AM

For me because I'm not online all day and I have an offline work. What I do is set the price I want to sell. And I'm looking at it when I'm home tonight. There is also a win.

Good strategy, the only drawback is that you need to keep the money in the exchanges instead of the wallets...

It's a good strategy if you want to avoid the hard feeling of seeing the price when falling back. What I do to decide when the right time of selling is not depending on my need. If there's a need to buy something or sustain with financial then I have no choice but to sell some of my mBTC's but if there's not I don't sell and just wait for the movement of price.

If you're not up to it, the price movements that is, better to just keep it safe in your wallet and as much as possible, if you have a day job, avoid withdrawing and use your salary for your expenses. We're not gonna be sure whether bitcoin will shoot up or go down like now so selling would depend on how you assess your needs and expenses

Also avoid try to monitor the price daily, this will make you sell your bitcoins at lower price now. If you decided and you really want to pursue yourself in selling your bitcoins make sure that it is not going to give you a regret when you see the price of it starts to increase because if you will have a regret, you can't recover it again at lower price.

In short, we all need to set our own targets in order to avoid any wrong moves and targets set you and your efforts in one direction. So I will also recommend all those techniques through which you can make yourself set a decent target and then work for them. This is the so far best method of earning profits with bitcoins.

Aleister Crowley

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Quote from: geegaw on September 16, 2017, 07:52:01 AM

Quote from: legendbtc on September 16, 2017, 06:38:16 AM

I always research before selling because my aim is to make always profit for at least 30 to 40% on the investment I made otherwise I will hold until I make the profit on it. This is my minimum target for selling the coins in the market.

Well, it is important that the coin you choose to invest, if it is truly potential, profits from 30% to 40% will probably come true, but vice versa if it is not potential, the best is that we should sell it as soon as possible when we have a profit, so we need to research carefully before investing. And I think the time to sell has been decided since we invested, we have relied on a lot of factors to determine the goals we want to achieve, if the goal is achieved, we will sell and vice versa

but there is a time where we can increase our investment in more quantities when the price continues to crash, so that at a certain moment, when bitcoin back to the original price we can get enough profit for us aloih invest in other coin which where has visible potential

giarised

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Quote from: lobo13hf on September 13, 2017, 07:11:55 AM

Quote from: GeniusAko on September 13, 2017, 07:00:24 AM

Quote from: sweetbet on August 23, 2017, 09:47:49 PM

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?

I always monitoring the price of my coins in blockfolio. For me monitoring the chart and the price of the coin is a good way for us to create a wise and good decision to sell our coins.

that'll become a boring job and way to do, how about switching over to bot, you set up the price you have targeted and just leave until few days.
by the way, monitoring will increase your anxious and doubtfulness about whether you need to make decision at that time or not. more confusing ofcourse.

I actually keep a check and balance on the fluctuating prices of crypto currencies to make wise decisions before selling or purchasing bit coins. In my opinion the best time for selling bit coins is the pump period in market while the best time for purchasing bit coins is dump period.

nskendrovic

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Activity: 285

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Quote from: legendbtc on September 16, 2017, 06:38:16 AM

I always research before selling because my aim is to make always profit for at least 30 to 40% on the investment I made otherwise I will hold until I make the profit on it. This is my minimum target for selling the coins in the market.

If you're using BTC there should never be a correct time, just buy the dip as best as you can as the price will always go back up in the long term.

Wintersoldier

sr. member

Activity: 966

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Quote from: Nahl on August 24, 2017, 12:35:49 AM

it depend on the situations itself if the market uptrend still unstoppable i think i would wait a little longer to sell but normally 20-30% profit from my basic capital is enough for me and if the market situations downtrend and dropped gradually maybe cutting my losses will be my actions but there is no certain losses and certain profit in trading

For me the answer to this question is quite subjective becasue there are differences in each situation. If you are dealing to earn more out of your Bitcoin, it could be better if you will consider to always check the value of the specific crypto-currency or bitcoin becasue there is always a right time to sell in terms of you target price and goal to earn for you to achieve something. Yet, the possibilities is constantly changing so there is always be a neded change in each transaction you consider to do.

BitcoinBallerina

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Presale is live!

Quote from: richcorner100 on September 16, 2017, 06:21:47 AM

I always use technical analysis in daily chart like use RSI to know when the price overbought, when price overbought then sell it .this way indeed not work all the time but mostly. And most important think dont be greedy, just sell when the price overbought then buy other coin in oversold. This method will minimize the risk during trading.

Ya doing technical analysis with indicators like Bollinger Bands and Exponential Moving averages are very helpful in judging price movements. When the price jumps out of the BB's then it's time to make a move.

Linuld

sr. member

Activity: 473

Merit: 250

Quote from: geegaw on September 16, 2017, 07:52:01 AM

Quote from: legendbtc on September 16, 2017, 06:38:16 AM

I always research before selling because my aim is to make always profit for at least 30 to 40% on the investment I made otherwise I will hold until I make the profit on it. This is my minimum target for selling the coins in the market.

Well, it is important that the coin you choose to invest, if it is truly potential, profits from 30% to 40% will probably come true, but vice versa if it is not potential, the best is that we should sell it as soon as possible when we have a profit, so we need to research carefully before investing. And I think the time to sell has been decided since we invested, we have relied on a lot of factors to determine the goals we want to achieve, if the goal is achieved, we will sell and vice versa

Yea, where you will invest it is very important, we have many coins to invest, and some shitcoins will have more potential, and it will make you invest. Don't go for those coins. Always concentrate on top 20 coins. You are looking for 30% to 40% profit means you should invest in high potential coins. I will look for cheap price coins and high potential, and I have the patience to wait until the price reach my target.

geegaw

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Quote from: legendbtc on September 16, 2017, 06:38:16 AM

I always research before selling because my aim is to make always profit for at least 30 to 40% on the investment I made otherwise I will hold until I make the profit on it. This is my minimum target for selling the coins in the market.

Well, it is important that the coin you choose to invest, if it is truly potential, profits from 30% to 40% will probably come true, but vice versa if it is not potential, the best is that we should sell it as soon as possible when we have a profit, so we need to research carefully before investing. And I think the time to sell has been decided since we invested, we have relied on a lot of factors to determine the goals we want to achieve, if the goal is achieved, we will sell and vice versa

Ewox

sr. member

Activity: 812

Merit: 253

I decide that it is time to sell when I get a 100% profit from the capital I've placed on that certain coin. But sometimes when I get to that amount I usually back out and think I'll just sell them out when they reach a 100% more of the capital I've placed on trading. And ends up not selling them in the long run.

edward9953100

newbie

Activity: 30

Merit: 0

That's pretty aweosome because if you are going to sell time then it is an amazing time to sell my coins. When i know that it is time that worth of coin increase then at that time i decide and go for sell.

smile1218

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I do decide when the price of bitcoins that are in my possession hit my target % that will be the time that i will decide to sell but if it did not hit my target percentage i would still hold and wait.

legendbtc

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Leading Crypto Sports Betting & Casino Platform

I always research before selling because my aim is to make always profit for at least 30 to 40% on the investment I made otherwise I will hold until I make the profit on it. This is my minimum target for selling the coins in the market.

richcorner100

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https://exip.live/

I always use technical analysis in daily chart like use RSI to know when the price overbought, when price overbought then sell it .this way indeed not work all the time but mostly. And most important think dont be greedy, just sell when the price overbought then buy other coin in oversold. This method will minimize the risk during trading.

bengems

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Activity: 266

Merit: 100

I use Bollinger bands in daily chart. I buy at lower band in dailies and sell at upper band, its not always easy to follow and monitor but it works most times

btcdamnit

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when the price is above 80 in 4hr rsi indicator and touching the top bollinger band and now it's starting to reverse

saenko

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Quote from: Paycoinzzz on September 16, 2017, 04:09:35 AM

Quote from: batang_bitcoin on September 14, 2017, 05:16:44 PM

Quote from: gabmen on September 14, 2017, 07:34:42 AM

Quote from: batang_bitcoin on September 14, 2017, 06:44:51 AM

Quote from: Supergain03 on September 14, 2017, 05:59:43 AM

Quote from: Fappanu on September 14, 2017, 04:10:30 AM

For me because I'm not online all day and I have an offline work. What I do is set the price I want to sell. And I'm looking at it when I'm home tonight. There is also a win.

Good strategy, the only drawback is that you need to keep the money in the exchanges instead of the wallets...

It's a good strategy if you want to avoid the hard feeling of seeing the price when falling back. What I do to decide when the right time of selling is not depending on my need. If there's a need to buy something or sustain with financial then I have no choice but to sell some of my mBTC's but if there's not I don't sell and just wait for the movement of price.

If you're not up to it, the price movements that is, better to just keep it safe in your wallet and as much as possible, if you have a day job, avoid withdrawing and use your salary for your expenses. We're not gonna be sure whether bitcoin will shoot up or go down like now so selling would depend on how you assess your needs and expenses

Also avoid try to monitor the price daily, this will make you sell your bitcoins at lower price now. If you decided and you really want to pursue yourself in selling your bitcoins make sure that it is not going to give you a regret when you see the price of it starts to increase because if you will have a regret, you can't recover it again at lower price.

That's right, honestly check the price of crypto you are trading just make you feel more boring and hurry.
So, I usually spend that time for work or find something to relax, because it will help me feel awake and good idea in job.

When the price goes down, it's hard to feel cheerful. Some of it plunged into panic. In order not to make mistakes at this time, I advise you to stop trading a few days

Paycoinzzz

hero member

Activity: 994

Merit: 503

Quote from: batang_bitcoin on September 14, 2017, 05:16:44 PM

Quote from: gabmen on September 14, 2017, 07:34:42 AM

Quote from: batang_bitcoin on September 14, 2017, 06:44:51 AM

Quote from: Supergain03 on September 14, 2017, 05:59:43 AM

Quote from: Fappanu on September 14, 2017, 04:10:30 AM

For me because I'm not online all day and I have an offline work. What I do is set the price I want to sell. And I'm looking at it when I'm home tonight. There is also a win.

Good strategy, the only drawback is that you need to keep the money in the exchanges instead of the wallets...

It's a good strategy if you want to avoid the hard feeling of seeing the price when falling back. What I do to decide when the right time of selling is not depending on my need. If there's a need to buy something or sustain with financial then I have no choice but to sell some of my mBTC's but if there's not I don't sell and just wait for the movement of price.

If you're not up to it, the price movements that is, better to just keep it safe in your wallet and as much as possible, if you have a day job, avoid withdrawing and use your salary for your expenses. We're not gonna be sure whether bitcoin will shoot up or go down like now so selling would depend on how you assess your needs and expenses

Also avoid try to monitor the price daily, this will make you sell your bitcoins at lower price now. If you decided and you really want to pursue yourself in selling your bitcoins make sure that it is not going to give you a regret when you see the price of it starts to increase because if you will have a regret, you can't recover it again at lower price.

That's right, honestly check the price of crypto you are trading just make you feel more boring and hurry.
So, I usually spend that time for work or find something to relax, because it will help me feel awake and good idea in job.

Topic: How do you decide when it's time to sell? - page 24. (Read 14715 times)