How to know when to sell? - page 27.

whalez

member

Activity: 140

Merit: 10

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.

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

btcone111

full member

Activity: 266

Merit: 110

Hello, i think everyone is different.
Depending on how patient you are and how risk adverse you are, you should choose a time frame and trading strategy that suits you.
Of course, you should also consider your own risk limit when it comes to the size of trading.
Good luck!

harizen

legendary

Activity: 3122

Merit: 1398

For support ➡️ help.bc.game

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.

That is the challenge here - you must make some analyzation so that you can create a plan on what will be your next move. To target profit, work for it seriously rather than just wait for people advices. You can take different speculations, news, price movement as references.

Different traders have different way on when will they sold their coins. The obvious goal here is, you must make profit. There is no such thing as someone can predict accurately what will happened you really need to step on your own for making decisions and take my mentioned things above as references in creating your own analyzations.

Creepings

sr. member

Activity: 546

Merit: 257

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.

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.

slashz9

full member

Activity: 1554

Merit: 101

actually it's easy if you know the details about the price of the coin, you can predict from the details when he will go down and when he will go up so you can reduce the risk.
as the word warren buffen risks come when you do not know what you are doing.

lucifochrome

full member

Activity: 154

Merit: 100

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.

Aura

sr. member

Activity: 518

Merit: 268

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.

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

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.

whalez

member

Activity: 140

Merit: 10

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.

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