The OP is talking like he will want to sell everything within 30 minutes! The markets can
move quickly but its usually not so quick that you will miss out while trying to access your
wallet and waiting for a transfer and then waiting for your sell order to complete.
Its nigh on impossible to time the top or bottom of a bull/bear run for buying or selling
As others have said keep the bare essentials on an exchange and the vast majority safe
in your personal wallet, when its your chosen time to sell then make your actions,
dont panic - there will be plenty of time to transfer funds and make your sale.
Just remember by having coins on an exchange you dont have full control of them eventhough
you have a login and password, anything can happen !
Topic: How to be ready when it comes to selling? - page 2. (Read 299 times)
I currently have 75% of my crypto on cold storage and 25% on exchange and yesterday I was thinking about when it comes to selling.
I am not thinking of selling anything just yet but maybe will start in a few months once the halving is here and the market starts to really move.
I am not thinking of selling anything just yet but maybe will start in a few months once the halving is here and the market starts to really move.
You've chosen the right coin and the perfect means of holding your coin on cold storge, the one on exchanges can be engage when you want to use fiat or go into some kind of short trade because they are what is affordable and not that much on the exchange, but talking on the perfect time for selling, we have to hold and ensure that we realized the time at which bitcoin market bullrun got to a satisfying market price at which we think if we sell, we have already make some profits from the investment made, and later on, we may still target the dips as well as to buy again and hodl for the future pump.
Is it a good idea to still have most of my crypto on cold storage in a few months when the market is pumping and I am wanting to sell or is it best to start moving everything to exchanges which will then make it easier to sell?
Just choose the asset that you are planning to sell. you don't need to move everything to an exchange, just leave it in a few wallets that you set up for a longer time.I know your worries when the pump occurs and you might miss the best momentum. Such momentum can occur after halving or require a longer time for maximum growth. but if there is a pump that makes you satisfied, then you can sell it. If your target looks close, maybe you can send it to the exchange, or you can do it when you want to sell it. Transactions also won't take too long. and will not lose momentum.
I currently have 75% of my crypto on cold storage and 25% on exchange and yesterday I was thinking about when it comes to selling.
I am not thinking of selling anything just yet but maybe will start in a few months once the halving is here and the market starts to really move.
Is it a good idea to still have most of my crypto on cold storage in a few months when the market is pumping and I am wanting to sell or is it best to start moving everything to exchanges which will then make it easier to sell?
I am just thinking it will be a long process having everything on my cold storage and then seeing the market pumping then having to send everything back over to exchange I may miss the best prices to sell as it will take some time to send everything from cold wallet to exchange.
I understand it is more safe to have crypto on cold storage but is it less likely in the peak of a bull run for exchanges to fall? If so, I feel it would be better to send all of my crypto to exchange in advance to then be ready to sell everything.
This may be obvious to some but this is my first bull run and want to be ready when it comes to selling and I am just not sure what is best way of planning to sell.
Just keep it in your cold storage, it's better to be safe than sorry, or leaving much of your coins in an exchange just for the sake of getting more profits. And with that, with the safety concerns, just move it when you think that you are going to sell. It might be just a couple of dollars or even less in your profits. Instead of again, you can't sleep thinking of the big crypto you have in an exchange. There are a lot of criminals plowing around and you don't want to be the next victim of a hack. At the peak of a bull run, I don't think there will be massive like 20% selling at one go. So still there are profits to be made in your end. I am not thinking of selling anything just yet but maybe will start in a few months once the halving is here and the market starts to really move.
Is it a good idea to still have most of my crypto on cold storage in a few months when the market is pumping and I am wanting to sell or is it best to start moving everything to exchanges which will then make it easier to sell?
I am just thinking it will be a long process having everything on my cold storage and then seeing the market pumping then having to send everything back over to exchange I may miss the best prices to sell as it will take some time to send everything from cold wallet to exchange.
I understand it is more safe to have crypto on cold storage but is it less likely in the peak of a bull run for exchanges to fall? If so, I feel it would be better to send all of my crypto to exchange in advance to then be ready to sell everything.
This may be obvious to some but this is my first bull run and want to be ready when it comes to selling and I am just not sure what is best way of planning to sell.
Selling near the ATH may end up with you losing your money, so it is better not to be greedy and set a reasonable range such as $120,000 to $140,000, which the price will likely remain for several weeks, which is a sufficient period to transfer your money from cold storage, sell it, and convert it to cash. .
If you choose the option of saving a few dollars in transaction fees (let us assume $100 in the worst case scenario), you risk losing all your money, as your money in the stock exchange is not yours, but rather an amount that the platform owes you, and if it goes bankrupt, it may not return the money to you until after 10 years or more. Is saving $100 on average worth it?
If you choose the option of saving a few dollars in transaction fees (let us assume $100 in the worst case scenario), you risk losing all your money, as your money in the stock exchange is not yours, but rather an amount that the platform owes you, and if it goes bankrupt, it may not return the money to you until after 10 years or more. Is saving $100 on average worth it?
I currently have 75% of my crypto on cold storage and 25% on exchange and yesterday I was thinking about when it comes to selling.
By 25% / 75% on and off exchange, you have good practice than people who store 100% of their bitcoins on centralized exchange accounts.You even don't have to store 25% of your bitcoin on exchanges because when you need to sell it, you can deposit it to your exchange account, sell it, and withdraw as soon as possible.
Bitcoin has very high trading volume and it's not hard to have your sell position fills. If you are clearly with price you want to take profit and the market is exchanging around that target price, you can take profit without seconds and minutes. Then withdrawal will not take a long time.
Reminder: do not keep your money in online accounts
The market is already bullish, but I'm expecting that we are going to get to the peak of it next year and would be a good time to sell and take profit.
I think you're trying to avoid paying transaction fees to exchange that's why you popped up this question. If you're a daily trader, then you need to have some of your funds on the exchange. Aside this I would strongly advise you to send the remaining 25% of your funds on the exchange to your personal wallet and hodl. Not your coins, not your keys.
I think you're trying to avoid paying transaction fees to exchange that's why you popped up this question. If you're a daily trader, then you need to have some of your funds on the exchange. Aside this I would strongly advise you to send the remaining 25% of your funds on the exchange to your personal wallet and hodl. Not your coins, not your keys.
Is it a good idea to still have most of my crypto on cold storage in a few months when the market is pumping and I am wanting to sell or is it best to start moving everything to exchanges which will then make it easier to sell?
I am just thinking it will be a long process having everything on my cold storage and then seeing the market pumping then having to send everything back over to exchange I may miss the best prices to sell as it will take some time to send everything from cold wallet to exchange.
I understand it is more safe to have crypto on cold storage but is it less likely in the peak of a bull run for exchanges to fall? If so, I feel it would be better to send all of my crypto to exchange in advance to then be ready to sell everything.
This may be obvious to some but this is my first bull run and want to be ready when it comes to selling and I am just not sure what is best way of planning to sell.
Move your asset to an exchange for selling if BTC hit your target e.g $100,000, it won't take you more than a minute or two to send the coins into a crypto exchange account.
Until then, your coins are safer in your cold storage, you are talking as if when a new all time high happens right away it will only take a hour or two before it dump again, price actions doesn't work like this because it takes months and months of consolidation before a break out.
The real bull market can stay for many months or even a year and half before we start dipping into a new bull market, so there is a lot of time for you to take profit, you can always move your coins from your cold storage into a crypto exchange if you want to sell.
There is nothing to be in rush about, high price don't go back down the next day, there will be a lot of time to start taking profits slowly.
I have been buying since March 2022 and did so up till last month so i was lucky enough to buy all along the bottom of the bear market.
I am tired of buying and holding yes, it was a long 2 years but I will remain patient and just put a plan in place for the next 12 months.
I don't plan on trying to time the top of the market, I will start selling in a few months in chunks over the next year or so.
I am tired of buying and holding yes, it was a long 2 years but I will remain patient and just put a plan in place for the next 12 months.
I don't plan on trying to time the top of the market, I will start selling in a few months in chunks over the next year or so.
I am just thinking it will be a long process having everything on my cold storage and then seeing the market pumping then having to send everything back over to exchange I may miss the best prices to sell as it will take some time to send everything from cold wallet to exchange.
I understand it is more safe to have crypto on cold storage but is it less likely in the peak of a bull run for exchanges to fall? If so, I feel it would be better to send all of my crypto to exchange in advance to then be ready to sell everything.
This may be obvious to some but this is my first bull run and want to be ready when it comes to selling and I am just not sure what is best way of planning to sell.
I understand it is more safe to have crypto on cold storage but is it less likely in the peak of a bull run for exchanges to fall? If so, I feel it would be better to send all of my crypto to exchange in advance to then be ready to sell everything.
This may be obvious to some but this is my first bull run and want to be ready when it comes to selling and I am just not sure what is best way of planning to sell.
Sorry to say but you are just being overzealous. Selling doesn't require a special preparation other than having your price target you're willing to sell. Transferring your coins to an exchange is a mistake especially when you still have up to a month before selling. You can send out your coin some hours or a day at most before your selling day and it will still drop without you missing your target. We are not longer in that period where transaction hang for days before confirmation. With just a little acceleration fee your transaction will be delivered like a jet.
No one can tell when an exchange will fall victim of cyber hack and moreover, it's better to miss the best price than to lose your coins. Your funds security comes first before any other thing. Although, I don't know the reason behind your intention to sell but are you tired of holding? I mean why planning to sell everything at once?
You are overthinking the whole thing and you need to calm down.
The great opportunities you think you will miss is no one-off. It is repetitive.
Are going to sell off the whole 75% of your crypto that is in cold storage or you are going to take profit from it. If you stay up to date with the market, it will be hard to miss the many opportunities of "selling" that will come along with the halving.
I am with the community on this, telling you to leave your crypto in cold storage. Whatever fee you think you want to avoid by moving them ahead of time to a cold storage is something you will be able to afford and it will not even affect your asset value.
The great opportunities you think you will miss is no one-off. It is repetitive.
Are going to sell off the whole 75% of your crypto that is in cold storage or you are going to take profit from it. If you stay up to date with the market, it will be hard to miss the many opportunities of "selling" that will come along with the halving.
I am with the community on this, telling you to leave your crypto in cold storage. Whatever fee you think you want to avoid by moving them ahead of time to a cold storage is something you will be able to afford and it will not even affect your asset value.
First bull run for me and i Just want to be ready.
I am at work now and my cold storage wallet is at home so just thinking what if crypto goes up while I am at work for 8 hours and I cant do anything about it until I am home because all my crypto is on cold wallet at home.
Have exchanges fallen before in bull run or is it usually deep in bear market?
Traders trade on hourly price actions and some use weekly price actions, this show that we can be at a certain price for a week straight, you have a lot to learn about price action.
Normally it takes bitcoin more than 100 days to stay in a bullish market, thats a lot of time to have sell your bags, we have weekly candle and monthly candles for a reason, you should do your research on this to gain more knowledge.
If all you want is to hold Bitcoin and sell when it surge up you don't have to worry, assuming you are at work and Bitcoin reach a new all time high, it won't dump in an instant, you can choose to sell the next day or two.
You are overthinking the whole thing and you need to calm down.
The great opportunities you think you will miss is no one-off. It is repetitive.
Are going to sell off the whole 75% of your crypto that is in cold storage or you are going to take profit from it. If you stay up to date with the market, it will be hard to miss the many opportunities of "selling" that will come along with the halving.
I am with the community on this, telling you to leave your crypto in cold storage. Whatever fee you think you want to avoid by moving them ahead of time to a cold storage is something you will be able to afford and it will not even affect your asset value.
The great opportunities you think you will miss is no one-off. It is repetitive.
Are going to sell off the whole 75% of your crypto that is in cold storage or you are going to take profit from it. If you stay up to date with the market, it will be hard to miss the many opportunities of "selling" that will come along with the halving.
I am with the community on this, telling you to leave your crypto in cold storage. Whatever fee you think you want to avoid by moving them ahead of time to a cold storage is something you will be able to afford and it will not even affect your asset value.
First bull run for me and i Just want to be ready.
I am at work now and my cold storage wallet is at home so just thinking what if crypto goes up while I am at work for 8 hours and I cant do anything about it until I am home because all my crypto is on cold wallet at home.
Have exchanges fallen before in bull run or is it usually deep in bear market?
25% on exchange and yesterday I was thinking about when it comes to selling.
It is not a safe practice to keep your coins in an exchange, because the moment your coins is in an exchange, it is no longer yours until when you withdraw it. Exchanges are vulnerable to attack. I will advice you to move your coins to your cold storage and have 100% of your investment safe. I am just thinking it will be a long process having everything on my cold storage and then seeing the market pumping then having to send everything back over to exchange I may miss the best prices to sell as it will take some time to send everything from cold wallet to exchange.
I understand it is more safe to have crypto on cold storage but is it less likely in the peak of a bull run for exchanges to fall? If so, I feel it would be better to send all of my crypto to exchange in advance to then be ready to sell everything.
You want to make a very big mistake that can make you loss all your funds. What if the exchange crashes or get hacked while you are waiting for the bull run. See exchange as a market place for buying and selling crypto, and not a bank to keep your funds. You already have a cold storage with is good and safe. You should have a price target when you will be taking profit, so that if bitcoin price reaches that target, you sell some fraction. Take profit at different level of bitcoin price and not all in one price. I understand it is more safe to have crypto on cold storage but is it less likely in the peak of a bull run for exchanges to fall? If so, I feel it would be better to send all of my crypto to exchange in advance to then be ready to sell everything.
I am just thinking it will be a long process having everything on my cold storage and then seeing the market pumping then having to send everything back over to exchange I may miss the best prices to sell as it will take some time to send everything from cold wallet to exchange.
I understand it is more safe to have crypto on cold storage but is it less likely in the peak of a bull run for exchanges to fall? If so, I feel it would be better to send all of my crypto to exchange in advance to then be ready to sell everything.
I highlighted your words, it means you're trying to sell at the peak, why you not sell little by little without waiting until the peak in this halving season? I'm sure the problem isn't the process, but you don't want to spend a lot for transactions fees because when bull run happen, usually the mempool is congested. When you only want to spend fair amount of fee, you missed the peak because it takes more time for your transactions to be confirmed.I understand it is more safe to have crypto on cold storage but is it less likely in the peak of a bull run for exchanges to fall? If so, I feel it would be better to send all of my crypto to exchange in advance to then be ready to sell everything.
Usually a centralized exchange has a problem in maintenance or pending withdrawal during bull run.
I currently have 75% of my crypto on cold storage and 25% on exchange and yesterday I was thinking about when it comes to selling.
I am not thinking of selling anything just yet but maybe will start in a few months once the halving is here and the market starts to really move.
Is it a good idea to still have most of my crypto on cold storage in a few months when the market is pumping and I am wanting to sell or is it best to start moving everything to exchanges which will then make it easier to sell?
I am just thinking it will be a long process having everything on my cold storage and then seeing the market pumping then having to send everything back over to exchange I may miss the best prices to sell as it will take some time to send everything from cold wallet to exchange.
I understand it is more safe to have crypto on cold storage but is it less likely in the peak of a bull run for exchanges to fall? If so, I feel it would be better to send all of my crypto to exchange in advance to then be ready to sell everything.
This may be obvious to some but this is my first bull run and want to be ready when it comes to selling and I am just not sure what is best way of planning to sell.
I am not thinking of selling anything just yet but maybe will start in a few months once the halving is here and the market starts to really move.
Is it a good idea to still have most of my crypto on cold storage in a few months when the market is pumping and I am wanting to sell or is it best to start moving everything to exchanges which will then make it easier to sell?
I am just thinking it will be a long process having everything on my cold storage and then seeing the market pumping then having to send everything back over to exchange I may miss the best prices to sell as it will take some time to send everything from cold wallet to exchange.
I understand it is more safe to have crypto on cold storage but is it less likely in the peak of a bull run for exchanges to fall? If so, I feel it would be better to send all of my crypto to exchange in advance to then be ready to sell everything.
This may be obvious to some but this is my first bull run and want to be ready when it comes to selling and I am just not sure what is best way of planning to sell.
Its good idea to hide it on that wallet as long as you have the private key of that wallet then everything is fine since transferring of funds just take minutes before you can sell your asset so when the time you are ready to sell you can just transfer your wallet on the exchange where you think safe for you to dump your asset.
Just make sure you always follow the current news to make sure that you are on time selling and will not left behind like for example you think to sell now because the market is collapsing. Don't worry about price dump while your funds is in cold storage since you will not see a big drop in short period of time it gradually happens so there's still time to think about dumping your asset and you just need to assess the current situation and plans in that condition.
You still have some months left to sell just like you said and it takes only a second for everything to go wrong with any centralized exchange, are you sure you know what you are doing?
Your 25% can be $1000 or even $1M, it's still a lot of money, your digital assets are safe in your cold storage, how many seconds its going to take you to move your assets from your cold storage to any exchange and sell?
Don't be stupid, move them back into your cold storage, since you are not selling today, and sit down and think about how you will start taking your profits and when, if you don't have this in place already its not safe.
Many investors failed to have a profit taking strategy in place and when Bitcoin and other ALTs are pumping hard, they find it hard to take profit and they ride down bear market again, if you are in profit you are in profit, do not be greedy, take some off the table.
Your 25% can be $1000 or even $1M, it's still a lot of money, your digital assets are safe in your cold storage, how many seconds its going to take you to move your assets from your cold storage to any exchange and sell?
Don't be stupid, move them back into your cold storage, since you are not selling today, and sit down and think about how you will start taking your profits and when, if you don't have this in place already its not safe.
Many investors failed to have a profit taking strategy in place and when Bitcoin and other ALTs are pumping hard, they find it hard to take profit and they ride down bear market again, if you are in profit you are in profit, do not be greedy, take some off the table.
You are overthinking the whole thing and you need to calm down.
The great opportunities you think you will miss is no one-off. It is repetitive.
Are going to sell off the whole 75% of your crypto that is in cold storage or you are going to take profit from it. If you stay up to date with the market, it will be hard to miss the many opportunities of "selling" that will come along with the halving.
I am with the community on this, telling you to leave your crypto in cold storage. Whatever fee you think you want to avoid by moving them ahead of time to a cold storage is something you will be able to afford and it will not even affect your asset value.
The great opportunities you think you will miss is no one-off. It is repetitive.
Are going to sell off the whole 75% of your crypto that is in cold storage or you are going to take profit from it. If you stay up to date with the market, it will be hard to miss the many opportunities of "selling" that will come along with the halving.
I am with the community on this, telling you to leave your crypto in cold storage. Whatever fee you think you want to avoid by moving them ahead of time to a cold storage is something you will be able to afford and it will not even affect your asset value.
I say it's better to stay safe and I don't believe the process is that complicated or time-consuming either. All you need to do is pay some generous fees, and you're good to go.
The exchanges falling would also be something we're going to experience, but I don't imagine that would make you miss any great opportunities.
The exchanges falling would also be something we're going to experience, but I don't imagine that would make you miss any great opportunities.
I never keep funds on an exchange... If you've been around for a while, you'll probably remember many instances of exchanges that were trusted in the community, but still went bankrupt/scammed/got hacked losing millions and millions of dollars in crypto.
Moving funds from cold storage to an exchange is a matter of minutes (if you don't mind paying a decent fee). Waiting for a couple confirmations might take an other hour... But in ~2 hours you can have your funds from your aigapped device on an exchange, ready to sell... It's defenately not worth the risk to keep it there IMHO.
For me, the only time any funds (be it crypto or FIAT) is ever on an exchange is right before and after i buy or sell... crypto goes from my hardware wallet to an exchange, gets exchanged to FIAT, and the FIAT is withdrawn the very same day... Other way around exactly the same: FIAT from my bank to the exchange, as soon as it's cleared i do the exchange, and as soon as possible the crypto goes from the exchange to my hardware wallet...
Moving funds from cold storage to an exchange is a matter of minutes (if you don't mind paying a decent fee). Waiting for a couple confirmations might take an other hour... But in ~2 hours you can have your funds from your aigapped device on an exchange, ready to sell... It's defenately not worth the risk to keep it there IMHO.
For me, the only time any funds (be it crypto or FIAT) is ever on an exchange is right before and after i buy or sell... crypto goes from my hardware wallet to an exchange, gets exchanged to FIAT, and the FIAT is withdrawn the very same day... Other way around exactly the same: FIAT from my bank to the exchange, as soon as it's cleared i do the exchange, and as soon as possible the crypto goes from the exchange to my hardware wallet...
I currently have 75% of my crypto on cold storage and 25% on exchange and yesterday I was thinking about when it comes to selling.
I am not thinking of selling anything just yet but maybe will start in a few months once the halving is here and the market starts to really move.
Is it a good idea to still have most of my crypto on cold storage in a few months when the market is pumping and I am wanting to sell or is it best to start moving everything to exchanges which will then make it easier to sell?
I am just thinking it will be a long process having everything on my cold storage and then seeing the market pumping then having to send everything back over to exchange I may miss the best prices to sell as it will take some time to send everything from cold wallet to exchange.
I understand it is more safe to have crypto on cold storage but is it less likely in the peak of a bull run for exchanges to fall? If so, I feel it would be better to send all of my crypto to exchange in advance to then be ready to sell everything.
This may be obvious to some but this is my first bull run and want to be ready when it comes to selling and I am just not sure what is best way of planning to sell.
I am not thinking of selling anything just yet but maybe will start in a few months once the halving is here and the market starts to really move.
Is it a good idea to still have most of my crypto on cold storage in a few months when the market is pumping and I am wanting to sell or is it best to start moving everything to exchanges which will then make it easier to sell?
I am just thinking it will be a long process having everything on my cold storage and then seeing the market pumping then having to send everything back over to exchange I may miss the best prices to sell as it will take some time to send everything from cold wallet to exchange.
I understand it is more safe to have crypto on cold storage but is it less likely in the peak of a bull run for exchanges to fall? If so, I feel it would be better to send all of my crypto to exchange in advance to then be ready to sell everything.
This may be obvious to some but this is my first bull run and want to be ready when it comes to selling and I am just not sure what is best way of planning to sell.
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