Set price targets and sell when those targets are reached.
For me you should know when to sell is when the price of the coin you are holding will pump very high, and if you are satisfied with the price of it you should sell it with a very high price and you can earn money from it. And for me you will know when to sell when you dont have enough money for you daily needs.
Topic: How to know when to sell? - page 21. (Read 3954 times)
You will know that the time is right if the btc price is keep increasing about a week, well you can say that right now is a good time to sell but i would suggest that you should keep waiting until it reach $14000 or $15000.
And you will also know it when you are already good with it's current price. Selling is also needed when you are in need of cash or you want something to buy as it will all depend on your needs and base on what you are expecting. If that expectation was reached before your eyes then you have to sell or if it is giving you another expectation, you just have to keep on holding and buy as well.actually it is hard to know and tell whether the current price of bitcoin now is good or not, in short it is really confusing because bitcoins value is highly volatile and wont seem to be stable every single day. selling is also needed only if you want it immediately like for example if theres an emergency and you dont have enough cash on your pocket , also if theres an important ocassion like birthday but if you dont actually need money then you should prefer to hold and leave it there sitting and growing on your bitcoin wallet. also i suggest is to cash out only small amounts that you can afford to spend due to the fact that it is still better to hold than to sell because bitcoins value is still pumping from time to time.
We should know what news for coin we want to trade. But sometimes we don't know at all. The rule is don't be greedy to get high profits, sometimes we for greed and forgot that the coin can go down very fast. We should know when to sell and get out from the wave. That's what I thought. Correct me if I am wrong.
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.
In my case, I always made a taget of profit that I will sell if my target full filled.Basically, I sell bitcoin/altcoin when I get alteast 30% profits.But you know trading is unpredictable and it's risky too.So it's really depends on you that how much profits you are desiring for.And we should not be too greedy while trading.Because sometimes I have lost my capital for my greediness.So I think we should sell with getting little profits.
I actually sell bitcoin when the bitcoin price or value is very high and when i need a money to pay my bill or to purchase something important or to buy my needs, i converted bitcoin into cash if i needed.
yes that is main strategy of Some traders and investors Here in crytpo world. Which is they buy low price then sell when bitcoin go higher. Cause that is our chance to gain much profit. But i have strategy also which is when i need cash i dump some of it for my daily needed then the rest will Be remain on the exchange site so its still growing when Bitcoin continue to increase. 
No one going to guide you when to sell. It depends on how much profit you want to earn from a specific currency. it also depends on the price you have purchased the charges you have paid for the trade, after this you have add your expected profit and then determine the selling rate. in case of bitcoin currency you have to be alert because it is the most volatile currency, its prices varies many times in a day. Bitcoin price is rising day by day and if you have bought it at considerable cheaper rate, then it is advisable to take out your capital amount by selling same quantity of bitcoins.
Yeah I agree. As for me, I just set my desired amount that when the price reached it, I will immediately sell. Set the amount that you are satisfied on receiving. If you think that you are satisfied with that profit. Of course you should be realistic. Analyze the situation first. See if it can really reach your desired amount. Trust you instincts when it comes to this. And remember, don't betray your trades.it is better if we find out by ourselves because we can place our order sell in any range and if somehow the price is getting down, we don't blame other people. while we are setting the price we want to sell, don't be too greedy to reach big profit because if our order sell is not filled, then we can disappoint and we can sell at the lower profit so we cannot reach the profit at all. I agree that we need to trust our instincts to place an order sell because this will be our guide to reach that profit.
No one going to guide you when to sell. It depends on how much profit you want to earn from a specific currency. it also depends on the price you have purchased the charges you have paid for the trade, after this you have add your expected profit and then determine the selling rate. in case of bitcoin currency you have to be alert because it is the most volatile currency, its prices varies many times in a day. Bitcoin price is rising day by day and if you have bought it at considerable cheaper rate, then it is advisable to take out your capital amount by selling same quantity of bitcoins.
Yeah I agree. As for me, I just set my desired amount that when the price reached it, I will immediately sell. Set the amount that you are satisfied on receiving. If you think that you are satisfied with that profit. Of course you should be realistic. Analyze the situation first. See if it can really reach your desired amount. Trust you instincts when it comes to this. And remember, don't betray your trades.
I actually sell bitcoin when the bitcoin price or value is very high and when i need a money to pay my bill or to purchase something important or to buy my needs, i converted bitcoin into cash if i needed.
Question should be why do you need to sell? Is there an immediate need for fiat thats why you are planning to sell? Did you reach your goal or hit the bottom thats why you are thinking of dumping your coins? If you are afraid that BTC or Alts may crash any moment because of the current bull run then its up to you if you want to sell because no one wants to be blamed when they tell you to sell then suddenly the price go up further.
No one going to guide you when to sell. It depends on how much profit you want to earn from a specific currency. it also depends on the price you have purchased the charges you have paid for the trade, after this you have add your expected profit and then determine the selling rate. in case of bitcoin currency you have to be alert because it is the most volatile currency, its prices varies many times in a day. Bitcoin price is rising day by day and if you have bought it at considerable cheaper rate, then it is advisable to take out your capital amount by selling same quantity of bitcoins.
The most basic way to know when to sell is when the price is near its resistance or on it as it maybe trying to penetrate the resistance as when this happen you know that Bitcoin is trying to have a new all time high but if it fails you can take profit before it goes to another correction. Now suppose that it does not have any resistance as it is on a up trend the best time to sell is when you are satisfied with your earnings or maybe set up a target price in order for you to know that when it is reached you may now 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.
That's the basic knowledge you should have before start trade/ invest. Most people already have sell ( take profit ), buy ( stop loss ) and hold ( wait ) point ( area/ number ) depend their experience and strategy. For daily trade, I believe 5% from your fund is sell ( take profit ) and 3% is buy ( stop loss ) but the number I mention is relative. Many people doesn't like my number because is to small but if you can do that repeatedly, image how much profit you can get in a day. My strategy is to grow up capital first and I only see from 2 bottom/ top price use medium time period. Just like that.
You will know that the time is right if the btc price is keep increasing about a week, well you can say that right now is a good time to sell but i would suggest that you should keep waiting until it reach $14000 or $15000.
And you will also know it when you are already good with it's current price. Selling is also needed when you are in need of cash or you want something to buy as it will all depend on your needs and base on what you are expecting. If that expectation was reached before your eyes then you have to sell or if it is giving you another expectation, you just have to keep on holding and buy as well.actually it is hard to know and tell whether the current price of bitcoin now is good or not, in short it is really confusing because bitcoins value is highly volatile and wont seem to be stable every single day. selling is also needed only if you want it immediately like for example if theres an emergency and you dont have enough cash on your pocket , also if theres an important ocassion like birthday but if you dont actually need money then you should prefer to hold and leave it there sitting and growing on your bitcoin wallet. also i suggest is to cash out only small amounts that you can afford to spend due to the fact that it is still better to hold than to sell because bitcoins value is still pumping from time to time.
You will know that the time is right if the btc price is keep increasing about a week, well you can say that right now is a good time to sell but i would suggest that you should keep waiting until it reach $14000 or $15000.
And you will also know it when you are already good with it's current price. Selling is also needed when you are in need of cash or you want something to buy as it will all depend on your needs and base on what you are expecting. If that expectation was reached before your eyes then you have to sell or if it is giving you another expectation, you just have to keep on holding and buy as well. 
No one can give you the exact answer. It depends on what your coins are. I think that researching coins carefully before buying and following the market frequently is the best way to know when to sell or when to hold.
Sell it when you are satisfied with your income. Don't be greedy because the market is unpredictable, you might miss the chance of having a good profit.
Set price targets and sell when those targets are reached.
For me you should know when to sell is when the price of the coin you are holding will pump very high, and if you are satisfied with the price of it you should sell it with a very high price and you can earn money from it. And for me you will know when to sell when you dont have enough money for you daily needs.
In my case,I sell bitcoin/altcoin when I am OK with the profits.Sometimes I take opinions from experience traders.Actually it's depends on luck.When sometimes I am happy with 20% or sometimes I wait for 100% profits.Sometimes I do a target of profit,when I get that I do sell my coin.
Actually trading is a so called unpredictable job.So you never know that you will get profit or not.But IMO is if you get 20% profits then you should sell.
Actually trading is a so called unpredictable job.So you never know that you will get profit or not.But IMO is if you get 20% profits then you should sell.
That is the thing that really makes exchanging exceptionally fascinating and gainful for a few people. Nobody knows with 100% certification precisely when BTC's cost will rise or crash. You make benefit by considering the value conceivable outcomes and lessening your dangers
You will know that the time is right if the btc price is keep increasing about a week, well you can say that right now is a good time to sell but i would suggest that you should keep waiting until it reach $14000 or $15000.
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