How do you decide when it's time to sell? - page 26.

GeniusAko

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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 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.

djgtr

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Quote from: Ronaldcoin2017 on September 13, 2017, 06:18:12 AM

Quote from: rjbtc2017 on August 24, 2017, 10:53:43 PM

It always depends on things that will affect your decision, Do you really the money? for emergency, then sell it. Emotion can affect your decision too, do you think this is the peak of the price of bitcoin? Then sell it. For me , i am selling my bitcoin when i need airtime mobile load, or when i need to pay my bills exactly, or when i think the price is right i will sell it for me to not regret not selling my bitcoin. It really depends on your emotion and needs.

i think the best way of selling bitcoin is that when we have an emergency or maybe an accident or anything that has verry important to have a quick money to used.because wasting bitcoin to things that is not really important or maybe in small amount that people around can afford to pay.i think that was wasting.because the price may up 3x higher than todays price.

yes i agree if we have to waste even a small amount of bitcoin today" maybe it is a big lost gor tommorow because bitcoin price is rising and no one knows it will go 3x higher from the price of today so then it is not really good to waste it.

Ronaldcoin2017

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Quote from: rjbtc2017 on August 24, 2017, 10:53:43 PM

It always depends on things that will affect your decision, Do you really the money? for emergency, then sell it. Emotion can affect your decision too, do you think this is the peak of the price of bitcoin? Then sell it. For me , i am selling my bitcoin when i need airtime mobile load, or when i need to pay my bills exactly, or when i think the price is right i will sell it for me to not regret not selling my bitcoin. It really depends on your emotion and needs.

i think the best way of selling bitcoin is that when we have an emergency or maybe an accident or anything that has verry important to have a quick money to used.because wasting bitcoin to things that is not really important or maybe in small amount that people around can afford to pay.i think that was wasting.because the price may up 3x higher than todays price.

NetFreak199

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Quote from: fabrizoc on September 12, 2017, 02:49:14 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?

You were the one who got into the market and bought all the coins yourself so you should make that decision on when to sell yourself. It’s a matter of choice and not about any economic indicator, if it suits you to sell then go by it.

Yes thats right it will always depends on you when to sell if you have target price and then if its reach on that price then sell it with no doubt. Some people selling it then if they saw that the price is still stable then they sell it they have doubts that why they sell it. No doubt in selling that is a must.

Aztek

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Quote from: Rahar02 on August 23, 2017, 10:33:53 PM

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?

The first thing is, I have to check whether this coin could reach certain price, depends on market reaction or how much it could attract investors. Read some news, join into slack channels and all of their social media in order to get latest information about next development. Then, to decide target price to sell by using your prediction and intuition, just set certain amount of profits that you think it could be achieved. Instead of monitoring the prices all the time, you can use trading bot to execute the orders.

It depends on our goals in bitcoin. Becasue before we are going to deal or to focus on trading we should also take a part on learning the system of Bitcoin in terms of its price and transactions. So whether changes happens to bitcoin we all kniw what to do , basically people sell when their target price is hit by the price of bitcoin. That is also the time that they would get profit on Bitcoin and earn.

YTBitcoin

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Quote from: fabrizoc on September 12, 2017, 02:49:14 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?

You were the one who got into the market and bought all the coins yourself so you should make that decision on when to sell yourself. It’s a matter of choice and not about any economic indicator, if it suits you to sell then go by it.

I will definitely agree to what all you have said. I think this decision entirely depends on the person who has Bitcoins. I think the best time for selling the Bitcoins is when you really think that the profit which you were expecting is now achieved and that this is the right time to go for selling.

wayaneka

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I always use technical analysis to take profit . Lets say i look in the chart 1 hours that show bullish trend then i will i take profit about 30% , then i wait for the price down 5-10% then buy it more. This strategy will keep the profit and minimize the risk when the price fall.

Weawant

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Quote from: fabrizoc on September 12, 2017, 02:49:14 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?

You were the one who got into the market and bought all the coins yourself so you should make that decision on when to sell yourself. It’s a matter of choice and not about any economic indicator, if it suits you to sell then go by it.

We are the one who buy but there are certain people who doesn't know when do they sell since there mindset is to sell whenever there coin reach for 100% pump but this mindset is very wrong when where dealing some shitcoins here, And for that matters if we can see a 50% up stats then it is time to sell our tokens since 50% is decent profit and buy back again when the price get dump.

fabrizoc

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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?

You were the one who got into the market and bought all the coins yourself so you should make that decision on when to sell yourself. It’s a matter of choice and not about any economic indicator, if it suits you to sell then go by it.

rikybrosh

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Just set the limit to sell $150 higher, and buy when the price go down about $100. It will work if we forget our emotional.

Inspector 2211

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Quote from: heppot on September 11, 2017, 01:20:23 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.

yeah when you need cash you better sell it. actualy in cryptocurrency you can earn good profit not only buying but also selling in some point.

You should focus on making regular profits and that is possible only with trading and its also better then only holding your coins as holding will never give you regular profits so whenever you are making some profits without waiting longer you should sell your coins and buy them back price goes down again.

erick94

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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.

heppot

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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.

yeah when you need cash you better sell it. actualy in cryptocurrency you can earn good profit not only buying but also selling in some point.

eloymjb

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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.

mega

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I sell when I have already made some good profits as holding altcoin longer can be risky as you never know when price can crash so its better not to get greedy and be satisfied with the profits that you have made as you can buy it when price goes low in future but I don't have any plan to sell my bitcoins right now as I believe in holding it for a long term.

SamsungBitcoin

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Quote from: ?? on ??

when I see some bad news on cointelegraph or forbes about crypto I will sell all. Be the first who panic sell. and buy back when people panic sell

Me i do buy and selling order, i just set the amount that i know i could generate good amount of income that is why the time is not matter on my investment, Also i do not have more time to monitor if the fluctuation of value of the coins in the markets.

rushel22

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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

I agree with you. It really depends on the situation of the market trend that we can probably decide to sell something in order for us to gain from what we are going to sell.

kotajikikox

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monitor the price movement before i can sell my investment, you need to be patience and watching the price value open your mind in instinct when the right time to sell your invesment to make more profit, you i think you your investment without interest is that good idea, i think you wait the price movement to uprise.

TheKeyLongThumbI

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It's time to sell when your altcoin is pumping 100%. That is the signal for sure to sell all and I will not leave a single amount because it's just probably a hype if it's in an exchange full of scamcoins.

Rizky Aditya

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Quote from: Carmen01 on September 08, 2017, 01:04:56 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?

me i invest in bitcoin i dont have strategy but i hold my some bitcoin because i think this going so high at the end of a year and everytime bitcoin will go so low i always buy also i dont think you can call it strategy but i call it a cycle only,always think positive in trading that is the best answer

Well most of the time I use my previous experience and analytical techniques to find the right time to sell my bit coins. Sometimes it requires to be patient and hold on for a while for the right time. A little market intelligence is also required to follow the trends and get the right time to sale bit coins when prices are too high.

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