Only going to talk about selling altcoins as I believe in the longer run for Bitcoin.
Usually we buy at a price knowing that it would be the best possible buy-in price and intend to sell it for higher than the price that we brought it for. Sometimes, when the things go wrong with investments, we all get into a dilemma to sell or hold and at this point its typically a hard decision to make. If the coin looks like its completely going to drop off, then I would instantly sell it and if its just a small price drop and I see future potential in the coin, I would continue holding onto it.
Topic: How do you decide when it's time to sell? - page 36. (Read 14690 times)
Before i sell anything or even before i enter trading. I always make a target price for the coin that i bought so if the price will reach to that target price then i will just immediately sell it. Sometimes i didn't follow my target price because it is sometimes up to the price movement and also from the chart itself so as long as the price is above my target price, I will sell.
Its very hard to tell on when we should sell since there's no exact thing that we could set for this but if you see that your coin as at above to its ICO price I think its very better to sold that one and just buy for another sets if the price would go back for its original dumped price. I've seen so many ICO coins go for that scenario and maybe we will got a good fortune if we join to earn by executing some buy and sell with ICO coins.
It really hard to tell but the scenario you laid out is a good strategy. I have seen an ICO price that is not good but then when it was listed in a top trading platform, the price skyrocketed to more than 100%. So this is just another scenario that could happen that will make you sell your coins.
It happened to a lot of ICO's out there. Actually I did experience did and I'm happy that I hold the coins for the last 3 months and then the price went nuts. LOL.
Its very hard to tell on when we should sell since there's no exact thing that we could set for this but if you see that your coin as at above to its ICO price I think its very better to sold that one and just buy for another sets if the price would go back for its original dumped price. I've seen so many ICO coins go for that scenario and maybe we will got a good fortune if we join to earn by executing some buy and sell with ICO coins.
It is definitely very tough to predict whether or not Bitcoin will go up at any given time. Your best bet is to keep up with Bitcoin news. If something good happens, price will go up and you should hold. If something bad happens, try your best to sell. Overall, if you personally feel like Bitcoin is bubbling and will burst soon, you should try to get your money out asap.
First you plan on how much value you want and if think it's content. I am doing this especially now that the Market is up and down. It's better to be sure. But if there's more to go and continue to raise is up to you. Just not to be aggressive or to be greedy because That will be your opponent.
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?
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's very hard to predict the trading in cryptocurrency world. This is not like the case in stocks or the forex market. The chart says it is going up, and then it is going down. CRyptocurrency is very risky the volatility is very high plus the presence of whales makes it more difficult to read many times.
Maybe I will sell bitcoin when I have an urgent need, now I try to always hold it until it reaches higher price than now. The Bitcoin revenue I get from trading campaigns and signatures always keeps my wallet.
Because right now I still have income from my real job.
Because right now I still have income from my real job.
Just wait for tge right time the btc currency will be higher someday so save some of your btc to whats coming up next its better ready than to be sorry its better to save up things of cpurse u will spend some but not too some lol jk just like last year be ready mate
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 use the special programs sometimes. However in most cases interesting me to conduct the process of sale or purchase. And the special strategies for me are not present. 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?
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.
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 a trader and you don't have enough time to monitor your position on when to sell, I will advise you to set a take profit order base on the percentage of the profit you want make from the trade. You can equally set a stop lose orders to help you reduce your chance of loosing too much of your capital while you are away. 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?
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?
In terms of coins that is good for long term holding (BTC, ETH, NEM), I only do selling when I need money so basically any price. But now Im seldom doing it because I have spare funds on my fiat salary.
In terms of coins that having a pump and dump scenario everyday, it depends on how they are behaving per day plus hearing other speculations with good basis. I don't have such set of criteria when selling these type of coins but if I saw the price is good based on my own view, I will do buy or sold.
believe in your heart.....
first check some news... if have bad new on a top news then u should sell... then check the history of coin so decice to buy again or not
first check some news... if have bad new on a top news then u should sell... then check the history of coin so decice to buy again or not
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?
My strategy was always to look at past trends, hear put some rumors or news and feel put my instict. From there I can make a very intelligient decision on where and how to proceed as this would be beneficial for me and I would want to be logical rather than panic.
it depends on the coin a lot.
some of the altcoins that i invest in and get pumped, will not last high more than a day tops. that means i will choose the highest price after some hours or at the end of the day to dump what i have bought earlier.
but some altcoins are bigger and get pumped harder and longer. those you can hold on to for more than a day and then dump after the pump slowed down.
generally speaking you start thinking about selling when the rise aka that pump slows down. it is the signal showing you that pumpers are running out of fuel and the market is losing interest and there won't be any more buys.
some of the altcoins that i invest in and get pumped, will not last high more than a day tops. that means i will choose the highest price after some hours or at the end of the day to dump what i have bought earlier.
but some altcoins are bigger and get pumped harder and longer. those you can hold on to for more than a day and then dump after the pump slowed down.
generally speaking you start thinking about selling when the rise aka that pump slows down. it is the signal showing you that pumpers are running out of fuel and the market is losing interest and there won't be any more buys.
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?
Selling and buying time is actually the hardest thing for me and it is really not a simple click on buy or sell orders because you would really need to decide well regarding on your actions. I decide to sell out when i saw theres already a good range or percentage of profits regarding on my investment. Sometimes i do sell directly without hesitations but sometimes there are really scenarios on which my emotions or intuition tell me to hold even more because price would still go up. 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 the price is high, that's when I sell. When the low price I will hold it, menuggu high price.
That's easier said than done. Also, this would require looking at the prices every few minutes since prices can cash and rise in seconds. Just set a realistic profit goal (like 3-8% would suffice). The price went up 5%? Good. Go sell it. Usually you don't wait for 50% profits or so, since that's too far fetched, unless you have information on a certain news or update that could possibly skyrocket the price of that certain coin. Tldr; Don't be greedy.
If a set up has not clear target level, say you expect choppy trading, there is option to split amount and fixing profit partly by minimal profitable level, rest holding for better market price.
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?
you don't need to watch the market 24/7, you make a speculation and hope you are as close as possible with your prediction. for that you use the charts and orderbook and the history and the fact that how big that pump can be.
Quote
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?
place orders at a price that gives me a satisfying profit!If you set up an open order with too high a price, you might not sell at all.
What's your strategy?
seriously you need to stop being greedy if you want to succeed. stop trying to get the most out of it, just take a small profit (even 5%) and be happy about it. you don't always need to make 1000% to be satisfied.
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