How to know when to sell? | Bitcointalksearch.org

Wong Kalong

member

Activity: 377

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Quote from: whalez on November 13, 2017, 11:45:38 AM

Can I anybody put me through the basics of knowing when to sell and when to hold?...
I actually don't know much about the market rise in demand and supply and it's affecting me in daily trade of cryptocurrency.

I must always monitor the development of the charts and the development of the price of the coins I hold. I will sell the coins I have if the price of coins has gone up many times over the capital I spend. And I will hold it if the coins that I hold the price is still down.

quuyt4

newbie

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Everyone has a guess about when to sell. We all know that one of the reasons for trading is to buy when the price is low and sell when the price is high. Now that Bitcoin's price is rising, I suggest that you can wait for a while.

GrayFullbuster

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Quote from: whalez on November 13, 2017, 11:45:38 AM

Can i anybody put me through the basics of knowing when to sell and when to hold?...
I actually don't know much about market rise in demand and supply and it's affecting me in daily trade of cryptocurrency.

There are tools that we can use for us to know whether it is time to sell or time to buy. I using the relative stregth index for me to know if this time is time to buy or sell. You should improve your technical analysis skill for you to improve your understanding in trading cryptocurrencies.

onnz423

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The easiest way to know when to sell is when there is devastating news regarding bitcoin or cryptos, e.g. a country banning it, or governments cracking down on exchanges. You can be pretty sure an at least 5% dip is coming shortly after this gets out.

psychie

newbie

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I usually sell my holding when I am satisfied on the profit I got. Sometimes I set a target price maybe 20-50% return then once my altcoins reached my target price then it will be the time to sell.

kolega

member

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Merit: 11

If you decide this from an investor's point of view, you need to follow the news in the media. In addition, you need to closely monitor change the trend in the market. A trader has for this purpose a whole range of auxiliary tools, for example, charts, trading indicators, etc. An experienced trader also creates a trading plan, where points of entry and exit from the position are pre-designated for different situations. Of course they use stop-loss.

dyablo

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Activity: 191

Merit: 10

Quote from: martin1221 on November 14, 2017, 06:26:46 AM

If you are holding a coin, and waiting it of what os the performance of the coin, try to do the go with the flow program that uses of anybody. If there are many people selling, go with it.and if there are so many buying, just hold

Always be updated what is going on in the market. And it depends on your needs. If you badly need cash, go,sell your coins. And if not hold it and wait for the price to rise.

Question123

sr. member

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Ofcoarse the selling of your coins is depends to you if you think the profit the possible you get if you sell your coins and if it's big you can sell it but if you want to earn more profit better to hold more few months or few years..

Furious 7

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https://duelbits.com/

Trading is the art of making good decisions, without involving negative emotions so that every decision comes from a thinking that can be accounted for. Whenever you sell is a decision to take advantage or stop the loss, I think everyone has different thoughts and you are free to do so.

GreatArkansas

legendary

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Quote from: mk4 on November 13, 2017, 11:55:04 AM

That's what actually makes trading very interesting and profitable for some people. No one knows with 100% guarantee exactly when BTC's price will rise or crash. You make profit by thinking about the price possibilities and reducing your risks.

Agree on this. There is no 100% guarantee on every trade we do, trading is very risky. You may lost your hard earned money in just a second. My suggestion is better to hold for long term position. Just keep hoarding, because in hoarding, you may earn so big in just a short period of time.

Arroware

newbie

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Merit: 0

my opinion if bitcoin price with high value better we can sell it now, because better profit in a short time, and you can hold long term for us which is very good with bigger profit.

noah tall

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Easy. If you need to sell to pay something you sell, if you need to sell because you have debt you sell. If you need urgent money than you can sell but otherwise there is no point of selling at all. Just keep it and hoard it and save it for the future until you may need it. Its never too late to sell, always postpone selling as further down the road as you can.

Adrin

member

Activity: 294

Merit: 10

Well, I see you want to know that when perfect time to sell but it is totally depend on you because how many price and when you buy your altcoin. It is a another solution if you see market is growing faster pump so just wait and check your profit if you have a some profit you can sell this time very easily because without profit if you sell your money will be lose.

Charity07

member

Activity: 178

Merit: 10

Sell when you have profit already dont be too greedy for it might slip away.. Hold when you think your asset have big potential..im not a good trader i just follow my own stinct and believe on my own skills too.. I have learn a lot from here by reading others opinion ad strategy.. I apply it myself and work out fine.

tooiu3

newbie

Activity: 169

Merit: 0

The best time to sell should no one know. But as investors, I think the most important thing is to be patient. We should learn to wait and wait for the price to rise.

Redhead5

jr. member

Activity: 210

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Quote from: julzcoinbit on April 17, 2018, 04:41:23 PM

Quote from: whalez on November 13, 2017, 11:45:38 AM

Can i anybody put me through the basics of knowing when to sell and when to hold?...
I actually don't know much about market rise in demand and supply and it's affecting me in daily trade of cryptocurrency.

Actually its really hard to predict here in crypto currency when our token or coins will rise its value, In fact that is why its very interesting. You may set your designated price of your coin that you had invested and you must keep monitoring of it, so that you will get the right timing of selling.

Agreed in your opinion. We need to monitor the market condition prior to decide to sell our coins to get enough profit from it. Because this crytocurrency market are very volatile and unpredictable in behavior. To be vigilant always in market condition will might lead us the perfect timing of selling and probably getting higher profit as well.

swetka

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Quote from: BooMoon on April 18, 2018, 03:08:18 AM

First of all, you should always pay attention to market trends, and there are some international news that if there are some negative news about cryptocurrencies internationally, then all cryptocurrency prices will be affected, then you can choose to sell.

I think that the question itself is similar, because people earn Bitcoin just because it is a good opportunity to improve their financial condition. If we have earned a crypto currency or bitcoin, then sell it when you need money.

SchiefelbeinBTC

newbie

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Consult with an investment and bitc expert and act accordingly as I do because I am still a novice

BooMoon

newbie

Activity: 151

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First of all, you should always pay attention to market trends, and there are some international news that if there are some negative news about cryptocurrencies internationally, then all cryptocurrency prices will be affected, then you can choose to sell.

shkon5

newbie

Activity: 135

Merit: 0

We don’t know when to sell specific products, but we need to pay close attention to the latest currency news. When prices have risen, we can sell them, but during this time, I think it is better not to sell them for the time being.

Topic: How to know when to sell? (Read 3950 times)