Topic: How to know when to sell? - page 9. (Read 3950 times)

It is simply as this. Sell your bitcoin if you know that the price is getting higher and you can hold you coins if you're not yet contented with the certain price or the price is really low then its to for you to hold your bitcoin until the price will getting higher than what you expected. But sometimes to set our goals for this will be our guiding star.

Knowing when to hold is probably the most simple, you hold no matter what whether the price goes up or it goes down, what you want to do with your coins is to keep them for as long as possible then once you decide to sell then you need to wait for a bull market for the moment where there is a lot of hype and the price is going up significantly, when you see those factors then you can sell your holdings and if you held for a long time you could make a fortune.

I think selling is all about your decision because no one knows exactly the best time to sell. For me, I normally have 2 months of selling my coins.

1. Selling my bitcoin when it reaches a certain threshold e.g. $10k, $15k, or $20k.
2. Analyze the market using the free available tools such as CoinMarketCap, and OnChainFX. And decide whether to sell or not.

Exactly, on before thinking when to sell the first is when to buy and if you have bought at the right price or dip near or beyond the bottom then you may have to go with sell. Then when? Its not that experience but knowing when to sell its everytime 0.5% and up you can already sell and its a matter of contentment and control.

As a novice investor you're likely to focus most of your time on what to buy and when. Being a successful investor is as much about knowing when to sell as when to buy. But how do you know when it's time to sell? What are the best reasons to liquidate a holding?
Only your own experience give you the answer on these questions

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. I also sometimes to read candles are very difficult and prediction is not always true

Selling is only depend on the decission of the bitcoin owner if he or she think that the present price is enoughf for them.to gain big amount maybe we can never really wait for a long time in order to gain profit only.When we can gain right now at this point of time. It is actually not possible to know when will the price be the highest to sell that is what makes trading bitcoins interesting to some people. I would say it differs from people to people

When the selling price is lesser than the price at which you bought your BTC's then it is the worst time to sell because you will surely face a loss so keep holding until the price get doubled or even more.The best time to sell can be when the price has reached it's all time high value.But according to me you should keep holding your BTC's until you are in the actual need of them

The basic rules of trading: buy when the price falls and sell when it grows. Despite the basics, the market can behave unstable and make jumps that can ruin you, or vice versa. In addition to trading knowledge, luck will come in handy 

From my experience so far, i think many people do loose in Crypto-trading because of their inability to HOLD, though you could get a substantial profit if you are able to sell part of your coin immediately it gets listed on an exchange site. After selling a part, then i will advise you hold for at least 6 months before selling again, because most ambitious coins definitely pumps substantially within a period of 6 months. I hope this help?

A Strategy for When to Sell Bitcoin
By Barry Ritholtz

Running a money-management firm provides a window into the psyches of all kinds of people: long-term investors, real estate speculators, institutional traders, tech entrepreneurs and everyone in between. During any given week, I speak with all sorts of people who have capital at risk in markets. Most understand what they are investing in and why.

Then there are the folks who own bitcoin. Not on our recommendation, mind you; rather, through their own speculative urges and a bit of good luck. I have had conversations with folks who are now sitting on a huge financial windfall. Yet the sheer speed of bitcoin appreciation and the scale of the windfall have them paralyzed, afraid to make a decision -- any decision -- that might be wrong.

It isn't just that they don’t know what to do; rather they have no idea about how to approach the issue of when to sell.

First, one thing I won't do is discuss the viability of cryptocurrencies as a medium of exchange, or their utility as a way to move money in (or out) of any closed economy or black market. I have no opinion on crypto valuations. Rather, this is simply a framework for those fortunate folks who want an answer to the issue above.

To do this, let’s consider an instructive war story: During the mid-1990s, a good friend took a senior job at a tech startup that came with a good salary -- and lots of stock. The company got taken over in late 1996 by Yahoo! Inc. The shares in the startup were replaced with Yahoo stock options that had a six-year vesting schedule, with 25 percent vesting after three years and the balance vesting monthly during the next three years.

For those who were trading then, these were heady times. Tech stocks, especially the dot-coms, galloped higher, doubling and tripling over short periods. It seemed that every sale was a cause for regret, as stocks simply kept going up, up, up.

My buddy’s stock options represented a great deal of wealth. Not merely fun money, but life-altering: pay off the mortgage and the car loans, pay for the kids' colleges, fully fund retirement accounts, and still have lots left over. He could take any job he wanted for the rest of his life -- or none at all.

He was torn about what to do, and asked for some help.

My advice was not based on the dot-com bubble or the valuation of Yahoo’s stock or anything market related. Rather, I suggested employing a regret minimization framework. 1

Although any investment has a range of possible outcomes, I wanted to focus on potential outliers at either end of the spectrum. These were:

Scenario One: Hold and the stock tumbles from $300 to $30.

Scenario Two: Sell and the shares soar to $3,000.

How would you feel if either of these occurred? 2

For my friend, it was an easy decision. If he sold some of his shares and the stock went higher, he still owned a healthy slug of options. The probability of the outcome wasn't the issue; what really mattered was the potential future regret if he didn’t sell and the stock collapsed. 3

What did happen was he sold and the stock collapsed. Although he was happy with his decision, not everyone at Yahoo was so fortunate. Stories abounded of paper multimillionaires and even billionaires who saw much of their wealth evaporate in the subsequent collapse.

For those bitcoin holders sitting on a windfall, they too can employ a similar regret minimization decision-making strategy. If you are holding a life-changing pile of paper gains, consider the regrets of selling and bitcoin keeps going up, or not selling and it plunges. Which is the outcome you most want to avoid?


If you are still paralyzed, there's always the middle option: Sell enough -- perhaps half -- to become rich in reality and not just on paper; then let the other half ride. Doing this accomplishes several things: First, it locks in sufficient wealth to eliminate a lot of life’s money-related worries. Second, it still leaves you with upside if this is only early innings and cryptocurrencies keep rising. And, third, it protects you in case of a dotcom-like collapse (I know, that's impossible!). If this sounds a bit conventional, well, it might be, but look at it this way: The goal of life is not always to maximize your returns; sometime, potential gains must be balanced against the possibility of losses. That's why we need to occasionally consider minimizing regrets.

Trading is very risky, you should know first the basics on trading. Like how to read candle sticks. When you are asking when to sell, it is really hard question. It is up to you, if I am, as long as I already have profits, I am selling. I'm not greedy at all.

I think you can analyze according to market data, and then come to your own conclusions. The timing of the admission and the timing of the sale determine how much interest you can get. This can only be judged by you. Others cannot give you specific information. s answer.

You should have the skill to see candle stick, trend line, support, resistent... to see when to sell.

I have the same experience too and I think greedy is the most things that we need to control because once we are too greedy, then we don't have the opportunity to sell the coin to make money. and if we get our target price then we need to sell it and don't hold for another time because if we don't sell, the price will be down again for a long time so we need to hold again. we need to know when the time to sell the coin so we don't get trap in one coin without making money.

The only way to figure the right moment to sell out is the first moment when your coin is on red. I mean like it's on the raising but suddenly it becomes red, immediately sell and protect your profits.
This stragedy actually didn't work when that coin has so much waves but it's 100 safe.

But when the time comes, your greedy is higher than what you want, and you are convinced to keep holding for some time.

It happened to me a lot of times before, and that is what makes me lose a lot of money to be honest.

when we get our target price it's the right time to sell your bitcoin

That's it to date, many sell Bitcoin, despite the low prices. Pay the bills every day and therefore there is no time to wait for the moment when Bitcoin will start to grow again in price. We have to be satisfied with what we have today.

For me its time to sell if the price is already right for you. But it's better to sell if you wait for the W pensive price of bitcoin. That's the only way you profit a big amount. But some bounty hunters who is in need will sell it wether it's too low. Because they need it for daily needs.