Topic: How to know when to sell? - page 17. (Read 3954 times)
I think if you always check the price of cryptocurrency every time, then you will know when the best time to sell or hold it. But keep in mind don't just focus on one source only, because if you do then you will be easily exposed to economic traps.
Quote from: whalez link=topic=2398181.msg24520729#msg24520729date=1510591538
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.
I actually don't know much about market rise in demand and supply and it's affecting me in daily trade of cryptocurrency.
I've been in bitcoin for almost 8 months. I did a lot.of trading especially selling alts. I will not deny that I made mistakes selling because right after I sell the price goes so up high or if I hold its price goes down even more. It is very hard to predict when to sell your coin. We really need to analyse the market. I have friend he gained a big profit in trading. Looks like he is not sleeping just to analyse the market and find good coins. I have observe it takes time and willingness and despite of all mistakes we learn. We need to consider the supply of the coin the lowest order, consider the ICO price and many more.
Yes, analyzing the market cap will help you decide when is the time you'll going to sell it. Aside from setting a target price, there are unexpected things that may happen. Even if you keep on holding your coin and waiting for it to reach your target price, it will not guarantee you that you'll earn huge profit. There are things that you'll be forced to sell it if its price may keep on decreasing, coz you'll end up losing your money if you won't do that. The key here is to keep on updated at its price in the market because it keeps on fluctuating every seconds. You'll lucky if you can timing its price is at its highest peak.
i always do charts whenever the coin is losing its momentum.. u can simply look at the ticker, check ur chart so u can finalize ur exit point. dont look back. coz when u look back and u seem it is still going up, there are a lot of tendency that u will rebuy. from that moment u may be caught in a whipsaw or sudden plunge of the price
Quote from: whalez link=topic=2398181.msg24520729#msg24520729date=1510591538
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.
I actually don't know much about market rise in demand and supply and it's affecting me in daily trade of cryptocurrency.
I've been in bitcoin for almost 8 months. I did a lot.of trading especially selling alts. I will not deny that I made mistakes selling because right after I sell the price goes so up high or if I hold its price goes down even more. It is very hard to predict when to sell your coin. We really need to analyse the market. I have friend he gained a big profit in trading. Looks like he is not sleeping just to analyse the market and find good coins. I have observe it takes time and willingness and despite of all mistakes we learn. We need to consider the supply of the coin the lowest order, consider the ICO price and many more.
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.
If you really know about trading about crypto then, you must learn how to look the price of which coin do you have in the market. Because this is considered required for a trader to have a knowledge what scenarios happen in the market, so that there will be no confusion on the day of trading. I actually don't know much about market rise in demand and supply and it's affecting me in daily trade of cryptocurrency.
Are you a Baby? Or you just do not understand what your heart is telling you to do? if you think that this is the time to sell X coin, just do it, do not wait or ask for advices, it is all on your mind.
If you want to make more money, just hold, otherwise, just sell.
If you want to make more money, just hold, otherwise, just sell.
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.
I actually don't know much about market rise in demand and supply and it's affecting me in daily trade of cryptocurrency.
There is more than a single basis as to when to sell or continue to hold or cut loss. Some of my trades are based on signals so they have certain targets for buying as well as selling. I also have some trades that are fundamentally based on a certain announcement of the project so I would be holding it until such point when I think it is already gaining big. I also scalp at times. A 10% growth is enough for me to get out. Especially if the charts are very unpredictable.
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.
I actually don't know much about market rise in demand and supply and it's affecting me in daily trade of cryptocurrency.
I think this is the reason why it is really hard to trade crypto currencies, predicting how will the price move through the year. I think if you are active to some sites or this kind of forum, it will give you some tip to continue holding it or time to give it in. But to be sure, buy bitcoin now and hold it for a long time, well, it gave some profit to some.
Regarding prediction, every prediction is hard specially cryptocurrency or other speculation or other trading so not only cryptocurrency prediction is hard. If its not hard then every body always get profit and will be rich.
Know the latest news about the coin you want to trade.
Most pumps and dumps are caused by events that are either positive or negative for the coin.
Examples of events that cause changes in price: Exchange shutting down, countries banning ICO, meeting announcements.
Then you need to predict what effect it will have on the price.
Crypto markets are high to predict and they can really bring about what is not expected. News has always helped most of the times but it is not every time you will always have news at your finger tip and most times you have to make decisions based on the activities on the charts and some expected outcomes. It is also better to find a market one understands very well before trying to trade the market. Most pumps and dumps are caused by events that are either positive or negative for the coin.
Examples of events that cause changes in price: Exchange shutting down, countries banning ICO, meeting announcements.
Then you need to predict what effect it will have on the price.
Try to sense the community, sometimes you can feel signs that a pump or dump is happening. Also try to read and analyze the market graph of the coin you are selling.
There are many ways of selling off bitcoin at the best possible price and time. As you said, one should stay up to date about what is happening in the market. The graphs provide you major information about the market. Secondly one should set his or her own target with bitcoin and sell it off when the target is achieved. This is the best method of avoiding regrets and missing chances of selling off bitcoin in pumps. 
There are several websites that contain experts on cryptocurrencies who can predict the future. They can give you accurate information on the rise and fall of the price. It is quite interesting if you ask me.
But in my humble opinion, you sell when you are one hundred percent sure that you have a good profit to gain. Otherwise, wait for the perfect moment. That is what I would do if I were in your place.
But in my humble opinion, you sell when you are one hundred percent sure that you have a good profit to gain. Otherwise, wait for the perfect moment. That is what I would do if I were in your place.
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.
I actually don't know much about market rise in demand and supply and it's affecting me in daily trade of cryptocurrency.
For me, it is simple you know recently i bought some coins of 0.05 and after a week i gain profit from it 0.01 and suddenly i sold all coins. So it is my profit and if i hold my coins for more time and want more profit then sure i do greedy and may be i have lose. So when you see you have a profit from your actual use money then sell the coins, some time our greedy give us lose, then better is sell the coins on a right time, when you see your have profit.
This is showing how one person should not act during altcoin trading. This is also called panic selling. When you do this, whales grab your cheap altcoins and they start pump waves to bring them to the new high prices.
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.
I actually don't know much about market rise in demand and supply and it's affecting me in daily trade of cryptocurrency.
For me, it is simple you know recently i bought some coins of 0.05 and after a week i gain profit from it 0.01 and suddenly i sold all coins. So it is my profit and if i hold my coins for more time and want more profit then sure i do greedy and may be i have lose. So when you see you have a profit from your actual use money then sell the coins, some time our greedy give us lose, then better is sell the coins on a right time, when you see your have profit.
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.
I also sometimes to read candles are very difficult and prediction is not always true. To sell I usually use percentage, meaning if the price of coin up 10% I better to sell it, for daily trade I do not dare to take risks just to wait when the right time, so as long as I get a profit it does not matter. I actually don't know much about market rise in demand and supply and it's affecting me in daily trade of cryptocurrency.
Once you hold coins or bitcoin you know when to sell them once you have profit go and sell them but if you feel that your profit is not enough hold it and wait what is a good price you want to sell it.
We cannot know when to sell because it all depends on you. We can't predict what will happen next so we need to make a decision on your own in selling or holding more in that time.
It actually depend in you're self and the strategy you choose. Dont be too greedy set youre goal in minimum, an increase if 5-10% is already good rather than to wait for it reach +30% that you wont even sure if it will reach or not. High Risk, High Return.
Basically you know when to sell when the price dips down, as the rules of trading goes "buy low, sell high". Meaning you buy coins or tokens when the price is low or dumping and sell them when the price increases. It is just as simple as that, but you also have to keep an eye on when it dips and when it increases
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.
I actually don't know much about market rise in demand and supply and it's affecting me in daily trade of cryptocurrency.
There is none can tell you when the right time to hold or to sell.
It's easy. Set a goal ROI, it may be 100%, or even 5x or 10x. Hold till you get there, then sell once you've reached the goal. The most important thing here is sticking to your goal.
At first when you buy on that time you note how many rate you buy this coin and after some time later you check current rate and if you see you have a some profit and on that time you can sell those coin.
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