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Topic: How to know when to sell? - page 22. (Read 3950 times)

full member
Activity: 182
Merit: 100
December 06, 2017, 09:15:14 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.

That's one of my major problem. Thinking out the outcome 😢

To find out when to sell bitcoin, you just see how much money you used initially to buy bitcoin then see how the bitcoin price increase from the beginning you bought it until you sell it so from the bitcoin price difference you already get a profit and you can decide to sell your bitcoin . But I'm not saying it's the best decision because bitcoin prices can still go up
hero member
Activity: 714
Merit: 500
December 06, 2017, 08:56:07 AM
I generally use the EMA lines from cryptowat.ch.

If the orange line crosses to the top you should buy and the the blue line crosses to the top you should sell.

That will most of the time give you profit.
full member
Activity: 462
Merit: 100
December 06, 2017, 08:44:33 AM
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.
member
Activity: 119
Merit: 10
December 06, 2017, 08:38:22 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.

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.
Yes,of course.Trading is mostly an unpredictable job.You have to surf crypto related websites frequently and be updated on what progress is happening in the crypto world so that you could get an idea of which coin is performing well and which coin has the potential to rise in future.By tracing the most under valued coin and investing in it,you could make huge profits.Earlier,traders used to predict bitcoin market by keenly watching the china's bitcoin market as it had a very big impact on the bitcoin market worldwide.But it is now no more.You can get some ideas about price increase just like CME entered the market and bitcoin price triggered.You would have to learn it from the market.
On the off chance that you are doing exchanging with bitcoins and you have some bitcoins in your wallet then I will propose you to hold them for opportune time and stay in contact with the diagram rate of bitcoin as the rate of bitcoin is sufficiently expanded from the rate at which you have purchased bitcoin then you have to begin offering your bitcoin.
sr. member
Activity: 1079
Merit: 352
November 28, 2017, 11:48:38 PM
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 can travel to the future and come back again, that's the most reliable way to know unless the future change.
But that seems impossible, so just stick to your trading plan, when to sell when to hold I mean how many % change that you willing to risk and take and learn some TA tremendously help.
member
Activity: 266
Merit: 12
November 28, 2017, 09:42:34 PM
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.
When the price of the cryptocurrency rises at its peak, you can consider selling. You must be updated anytime.
Always check the value of the crypto. If you think it is good enough, then you may consider selling.
sr. member
Activity: 784
Merit: 257
November 28, 2017, 09:35:04 PM
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.

you can try to study fundamental or technical, you can follow news channel about bitcoin, or you can learn to read technical indicators,
member
Activity: 168
Merit: 15
November 28, 2017, 09:25:59 PM
you can sell when price of bitcoin extreme high
when extreme highly usualy it will sideway price and slowly turn down
full member
Activity: 238
Merit: 100
November 28, 2017, 09:19:46 PM
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.

Most of the people here sell their bitcoin if the value of it increases a lot and some other people hold their bitcoins because they keep on believing that the bitcoin value will increase a lot in the future. Perhaps, it's better for you to sell the 50% of your bitcoin and 50% will be hold since you already knew that both method are quite good.
hero member
Activity: 3066
Merit: 629
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November 28, 2017, 08:38:08 PM
Basic principle on when to sell is when you have enough profit. It doesn't matter if you gain small or big but that's the basic principle when to decide about selling. Don't be too greedy enough when you are about to sell but also it's better if you are updated on what's on the current trend, news and analysis from the trading experts or those people who are well known that has been well off to this type of deal.
sr. member
Activity: 250
Merit: 250
November 28, 2017, 08:32:11 PM
#99
I put a certain target/goal to my portofolio,
dont be too greedy.

I am not a best trader so just flow
hero member
Activity: 697
Merit: 520
November 28, 2017, 06:41:32 PM
#98
Technical analysis signals can help with market timings but because markets are generally appreciating and quickly it's hard to beat a hodl strategy unless you are really confident in your abilities and knowledge of the markets.

I generally agree. However, there are some technical signs to look for. After a trading range/consolidation is broken to the upside in a larger rally, my intention is usually to hold until I see very high "blow off" volume. Once you see significant volume exchanged (ideally higher than previous local tops), the thinking is that most shorts have been margin called, and everyone who wants to buy has already bought.

Accordingly, the next step is the formation of a "blow off top" which is characterized by a decline of 50% or more in price from the top.
newbie
Activity: 28
Merit: 0
November 28, 2017, 06:05:29 PM
#97
Technical analysis signals can help with market timings but because markets are generally appreciating and quickly it's hard to beat a hodl strategy unless you are really confident in your abilities and knowledge of the markets.
hero member
Activity: 966
Merit: 507
November 28, 2017, 05:47:54 PM
#96
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 find it surprising that even recognizing your lack of knowledge and preparation in trading, you have decided to start in this risky business. The bad results you're getting are the result of your lack of knowledge and experience, but I think that's the best way you can find out if this business is for you or not.

In addition, I also had to discover from my own experience that the best system for learning the basics of trading is the method of trial and error.
sr. member
Activity: 2422
Merit: 357
November 28, 2017, 05:18:47 PM
#95
Nobody knows either. The least you can do is to study the data on the chart and predict whatever the outcome is. My advice right now is to hold. The price of the bitcoin is going up.
sr. member
Activity: 518
Merit: 250
November 28, 2017, 05:16:20 PM
#94
THE BASIC RULE OF TRADING IS BUY LOW AND SELL AT A HIGH PRICE, YOUR HIGH MAYBE DIFFERENT FROM MINE BUT AS AN EXPERT YOU WILL KNOW WHEN A BULLISH RUN WOULD RETRACE.
What? If you will sell at a top, how can you know where the course will go next? The same things with a low-buying, how can you find that instrument will go up and not down? I suppose you are spreading some disinformation.
member
Activity: 238
Merit: 10
Greentoken-invest in ecology
November 28, 2017, 04:44:41 PM
#93
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.
You must be updated from time to time. If the crypto value goes down, you must not sell it instead buysome. If it goes up,mthen sell some. Try not to trade everything.m
full member
Activity: 952
Merit: 104
★777Coin.com★ Fun BTC Casino!
November 28, 2017, 04:39:12 PM
#92
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.

The best way is to always monitor the price of bitcoin. If you want short term investing then trade when the price of bitcoin is high and invest when the price is low. In other cases i would advice to hold your bitcoin as much as posible since there is a prediction that it would rise up to $40k so wait until then. Though it is too risky but it is worth the wait.
member
Activity: 168
Merit: 10
November 28, 2017, 04:14:16 PM
#91
If you are talking about the cryptocurrency market then it is hard to predict the market so you cannot accurately know when to sell and when to hold. This is not like the stock market that some traders based on candle sticks or should i say technical analysis. Bitcoin is different it is very volatile, more volatile than the stock market. What i mean by this is that you cannot just simply rely on the news, if there  is going to be bad news then price will fall just like in the stocks. What i can suggest is to just put a target price, say if bitcoin falls to X amount you will be buying and if it gets to this amount you will be selling otherwise you will just hold. You'll be making more profit by doing that. Patience gets rewarded my friend.

That's right, it's so hard to predict. It's a double-edged sword. In its own right, it's a curse and a blessing at the same time. Therefore, the "best" time to sell is actually dependent with not just the market, but with you're own goal of profit you're foreseeing. It would also depend on the how much you got your coin for, if you feel that a specific price point would give you a substantial enough return. Then, by all means, it would be the best time. But, if you feel that you want to add more bucks to your earnings, then hold it; however, you should also be ready to lose some because crypto values may fall at any time.
hero member
Activity: 1274
Merit: 519
Coindragon.com 30% Cash Back
November 28, 2017, 03:11:28 PM
#90
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 think it would actually depend on what coin you're selling and the price value you got it for. To know when it's best to hold or get rid of it is depending on the profit you're getting when you would dispose it. It would also depend on how much would be acceptable for your own meter of the profit you want to get. Some people are satisfied with getting at least 20-50% of what they got it for, while others want some more.
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