Topic: I bought a bitcoin today for 9K and sold when it hit 10K should I Of left it? (Read 644 times)

I suggest checking out tradingview, people there have their own charts and their own reasons when bitcoin will go up and when it will go down etc etc. If you register there and start to follow the people who are mostly right you can eliminate the people who are wrong, so you will be left with few people who are almost always right. That way you will be checking what the people who actually know about this work says and that way you will be capable of following their footsteps.

You will also learn the way they think and also use that for yourself as well without getting help from them, this takes time (months) but eventually you will reach there. That is when you can start to do day trading and actually make money yourself without getting help from anyone.

solid trade but if it was me I would have kept the $1k profit in btc an let it ride.

Greedy? I will say more like lucky cause not every day trader will make this gain as a starter. Some don't even see the opportunity or knows when to grab it.
From his tone, the guy is just excited and he asked a question anyone in his position would have asked though which is, contemplating to continue or take a break.

OP, you have to be really sure if you can continuously do this day trading. Remember, it's not mandated to buy 1 btc before trading.

Depends on your goal or target. Remember that when you buy Bitcoins its either you hold it for  a long period of time or you set a target of when you plan to sell it like sell it when you hit 10% profits or Sell it when you already earned $1,000 USD including fees. What you did is just fine, bought at low price of $9,000 and sold at $10,000.

A trader must really learn to work along with the mentality off knowing that they are in a volatile market, bad thing about volatile market is that you could see a trade that is very impressive now, and before you could think of asking questions, the trade would have been again you.

When it comes to trading, we just have to have in mind that we are dealing with both big and small profit, and we should see the big profit as luck, but focus more on small profit, it is small profit that some people that I know do take that built them an empire, and all these holding on for a bigger profit is not really getting anyone anywhere.
It is easier to predict smaller prices than to predict bigger prices for long term. If op had sold when he acted, he would have bought at that $9000 again several times and also sell several times.

bitcoin still so volatile mate and there will be  something good that could be happened on it every time without knowing  .  But on this kind of your situation i suggest must wait for the right time to buy in again because you know it always changed direction so make sure you are in timing when buying.  Make a technical instead to assure after buying it will not fall back suddenly .  It's a good idea always actually.

When you buy bitcoin at the price of $9k, you need to wait for the price to increase at $10k or more so you will be safe to sell and make a profit.
If you sell it when the price is at $9,5k, you can sell it at that time but your profit will not too big.
If you are fine with that profit, then there is no worry if you want to sell in at that price.
But if the price drops at less than $8k, then I suggest you buy more bitcoin because the chance of bitcoin price to go back to $9k will wide open.
After you buy, you should be patient and don't panic until you can see the price can reach $9k again so you can sell your bitcoin which you already bought at less than $8k.

The choice hugely depends on you, if you want quick and nice profit without extra worries, I think it's better to sell that time when price hits your wished 10k but otherwise if that's the money you don't and won't have a need to use for a lot of times, then I would hold it. Personally I think it's like a gold rule: Bitcoin will reach it's all time high, it's just a task of time, wait. don't break and you'll achieve your goal.

Sell everything when you do see some gains yet as you mentioned you are a day trader which means you do make shorts and doesn't plan for long term.
These questions are just fitted out for those who actively buy and sell into small ranges or movements.If you are a long term trader then these entries wont really
be a big issue for you since you do hold for years or longer durations you wouldn't care on where would prices would go.I  suggest on keeping that
trading system of yours yet not all do have the capability on when to sell and when to buyback.The important thing here is that you do able to see some green
your trading results.

If you're a day trader and make $1000 with this trade, I'd say you did very well and probably did the right thing.  Me, if I had enough money to buy a whole bitcoin I'd probably try to buy it under $10k and just hold it.  I think the market is still extremely bullish despite it having cooled off recently.  Bitcoin is trading in a pretty narrow range and keeps bobbing its head above $10k....so I think any chance to buy it below that level is a good opportunity both for a short-term trade and a chance for even greater profit in the longer-term.

But it's up to you how you want to trade.  Obviously you were successful here, so it's not like you did anything wrong.  If I had to give you advice, it would be to try to buy again if and when bitcoin falls to $9000 again.  It might not, but if it did you'd probably have another chance to make at least another grand.

Ah, come on.  All traders are greedy to some extent.  He got lucky with that trade and now he's thinking "What next?".  That's natural.

The answer is within your thread.
You are a day trader as you said it.
So what else do you think you should do?
You are in profit then sell it. What else is there to think of or doubt about? You already made a choice of yourself with what you will do.

You are just being greedy and that is why you are asking for more which is wrong if you are a day trader.

no thats bad if you are going to sell based on your feeling or based on what you saw but you should sell based on how much you used for your capital  . let say the op buys btc at 9k usd  , he should sell when the price hits over 9usd so that he can earn something  .

obviously because the op said that he is more of a day trader . being a day trader is kinda simillar to short term trader and you must grab any oppurtunity no matter how small it was  . unlike to a long term trader that they must wait for a long time to get as much profit as possible  

If you have to ask what to do next, you are clearly not a day trader, sorry.


It depends on how much risk you want to take.
You can leave happily that you ended it on profit.
Or you can wait until it's low enough for your calculations, then buy again one Bitcoin and wait until it rises again to sell.
Or you can day trade with the 1k profit.
Or you can you and HODL.

There are plenty of options, really... and it's not us who has to decide about your money.

There are simple small tricks in this kind of trading, like you leverage it against yourself so you never lose too much, for example if you are not sure if bitcoin will be going up or down then you buy a bit of long and short as well heavily on the side you think it may do, for example if you think it may go up but not sure you risk 1000 on buying longs and 100 on short but leverage the short high whereas not leveraging the long too much.

That way if it goes up you will make money on small leverage but 1000 investment, if it goes down then you will still make some because you have 100 dollars on high leverage. Don't get me wrong you will not make too much money this way but at least even if you are wrong you won't lose too much money and will be still fine.

Right, it depends on the choice and how much capital he has, if he can halve for long-term investment and for quick profit then it will be better because the current situation is very fast rising and falling prices. So choosing to be a day trading is also not a problem as long as he is satisfied with the profits and not being too greedy is the best way in this situation.

In your situation, you are already in a profit and if you are here for a short term gain, then probably you should be contented on your profit but, if you are seeing the bigger picture and have patience to wait for another years, then probably it is best that you should buy now.  Halving is about to happen and that alone can kick the price up.  But still it is your call.

Doing strategies is a must, we can’t just buy and sell and ask the people here if you made a good decision or not because for me that’s an early profit taking. Well, I’m a big supporter of bitcoin so I’m willing to play for long term, this will only depend if the OP knows what he is doing, and have a bette plan.

You have already made some profit from your trade and if you think that profit is not enough for you then you have to hold pending when it hits your profit target. If you buy Bitcoin at the rate of $9k and maybe your profit for a month is $4k in a month and you are able to make $1k within a week then there is a possibility that  you can make your $4k profit within the month if you trade well, but not necessary that you have to wait until the price of bitcoin move from your entry point of $9k to $15k . The price fluctuation between $9k to like $11,500 should be able to earn you your expected profit in a month if only you trade well.

Once you see BTC price is going down, sell out.
Wait for the price to hit rock bottom then buy it back.
You'll increase your BTC holdings that way.

Buying a whole Bitcoin is really risky thing.
And as you are newbie,  i would suggest to first start with small amount.
First understand the market properly then just invest big.
Moreover the bitcoin price is all the time fluctuating.
So there's no perfect time to wait.
You need to take risk to make your work done.
Good luck OP.

for easy money then go sell it anyway that’s your coin so lol

We have no full control of the situation .but If you wanna get some points then listen to us.

Because we are mostly holders of bitcoin here and we don’t just sell for short period of time.

If you are not really in need and looking for good long term investments then just let that currency in your wallet(make sure not on exchange as many are being hacked nowadays

If you're a day trader then you must have your own strategy to follow.

The current price of btc now is declining therefore its a good time to take advantage it.

Since you already experience and earned as a day trader I think there's no need to ask on when to buy because a trader knows this basic thing.

Even if the price drops, you can buy bitcoin at any price you want. If you believe that the bitcoin price will increase so high, then I don't think you will wait for another drop because no one knows when the price can go up or down. The important thing is you still have money to buy back bitcoin, especially if the price is down in the next hour so you will get a lower buy price. Don't forget always to check the bitcoin movement so you can know when the right time to buy bitcoin.

Wauw if the goal is to make "a grand" ..... then go out buy a second hand car of bike and resale for "a grand +"

F*** this isn't an opportunity to make "a grand"............ !!!!

If your not interested in BTC for the right reasons and long term perspective, then you better stay away from it before you get burned for "a few grands"

Go to the beginners section if you would have interest learn a bit, then the buy and HODL sentence will make sense.

To my opinion you sold it too soon. Ok, that was maybe a short term profit but on long term if you really want to make some serious profit this wasn't a good decision.
Of course that you can't predict what will happen with price in near future but if you want to become a serious investor you should have a strategy and much broader view on the market.

People here not being a financial expert isn't so much a problem. The real problem is that people here are so moon boy'ish, that they in most cases tell you what benefits their positions, which is to keep your coins.

Finding unbiased information here is like searching for a needle in a haystack. There is no shortage of people predicting $20k before the end of the year of even $100k just before or after the block halving.

If you tell people that the price might revisit $6k in the coming months, you're suddenly someone who's spreading fud just so that people sell and you can buy lower. That's basically the mentality we're dealing with here.

very true specially with altcoins that are purely pump and dumps.
but OP is talking about bitcoin so the 50-90% case doesn't apply at all. bitcoin doesn't drop that much out of nowhere for no reason. the only case when we have a huge drop is when you take the peak of a gigantic bubble and the bottom of the burst. even then it won't be bigger than 70 to 85% and that is only if you take the peak of the bubble.
other times like now for instance you can't expect anything bigger than 10% and worst case is 15% unless something horrible happens to go any lower.

This is generally the reason why many people have trouble making any money in the markets. They buy something and when they make 10% they sell and take profit. However lets say the trade goes against them, they usually don't take a 10% loss they hold it for 50-90% losses and at that point its very difficult to regain their original deposit back.

You can't predict the future but you can basically scale in and scale out of positions. So if you are up 10% take maybe 25% of it off the table and leave the rest to run.

Another issue is that you are asking for financial advice on a forum where most people are not investment experts. Basically nobody knows what will happen in the future. They are just guessing. When BTC is rising everybody is bullish and when BTC is falling everybody is bearish. However eventually the trend will reverse and most people will lose lots of money.

You’re doing a short term trading and doing that without the experience for sure you’ll just lose the money. I suggest you buy when you know when to buy or sell, and if I’m on your position buying low is the best and waiting for the best price is good. We can’t tell if the price will fall or not, just try to have a monitoring sheet and know what to do.

Not sure anyone asked if you have $9000 or if you were buying on leverage because that really is what determines is it a trade or a possible long term hold.    Most of us must be more realistic in our aims when considering holding BTC forever, you must have FIAT to pay taxes and all sorts of conventional costs.
   I would not criticize selling after a 10% gain in a short period of time and especially now, I've said several times that BTC right now is just bouncing in a range so to just buy and sell each end of that range is probably about as clever as it gets right now.

 Keep your profits, sell the capital and distribute to better reflect your costs.   Something in a pension, something towards housing costs is perfectly sensible.   Holding all of just one asset type is high speculation and should be only done for short periods of time because it is risky.   Very few people are excellent in money management, quite a few get lucky but then also carried away by that potential gain.

No one know what will really happen, it depend on what type of trader you are , if you are a ,long term trader as an investor of a short term trader, as an investor, it would just be best for you to leave the your coin at that price like that till the bull run of bitcoin, at least I am sure that before the end of next year, we would have crossed more than the last ATH which I am very optimistic that the price value off bitcoin by next year ending would be $35000.

If you are a shirt term trader, take your profit then and then wait for a correction that would give you the opportunity to buy again and then sell at high profit, what I usually do when I am stocked in this type of situation, is just to split the fund into two and the fulfill the thirst of both parties, I sell part while I leave the rest to see what will go on.

Exactly what I thought, a day trader wouldn't ask if he should buy again or should wait, as we saw from the price drop today it wasn't really time to buy so hopefully he didn't buy it back.

I have always said bitcoin is a volatile currency that goes up and down in turns, it could go up as much as 50k one day but it will eventually drop (maybe not to 10k but drop nevertheless) that's why when you buy bitcoin at the bottom and then increased just wait for it to drop again, it will drop eventually and when it does drop then you can just buy it again after the drop.

A regular trader would know about this and wouldn't ask it, I am not even a day trader and I know this which means a person who asks this is even below my level of trading and that person shouldn't day trade.

Trust me,you are NOT a day trader.Real day traders wouldn't ask for advice on a forum.
You got lucky.You just bought and sold at the right time,but that was a coincidence,it wasn't planned,so it's pure luck.Next time,you will have to think it through.Nobody is going to tell you the truth about the bitcoin price movements.Just learn more and don't rely on other people's opinions.
Opinions are not knowledge.

You are lucky that you gained $1K even if your are new to to the investment so i suggest that you just stick to your used way of how you gained it as you might lost your earned money if you will now listen to the predictions of the others here.

At least you made a profit from it and if you strongly believe that it would drop then wait for it to buy back.
Like you've said you are more of a day trader so taking small profit is what you usually do but be careful on overdoing it.
Sometimes the market could get crazy and those small profit could turn out to be a huge loss.

It really depends on what time you invest in altcoins. The high risk you are talking about we have seen hit people hard this year-- a lot of the altcoins have gone down over 50% in terms of their BTC ratio.

People believed that when Bitcoin would start correcting altcoins would start to regain the lost market share, but that hasn't been the case so far. Almost every Bitcoin dump lead to an altcoin dump instead of a pump.

And then we have a lof of people looking at the 'low' altcoin prices and think they won't be going down any more. Reality is that they can go down a whole lot more than what people consider super low already.

You're a day trader so I think you have your own golden rule when it comes to profiting with your trades. $1k is a decent profit to be real and it can be underestimated. And today, I'm expecting that we'll finally hit $10900 but it seem to be a miss.

Back to $10,300 - $10,400 so decide if you think this is kind of low on your perspective. Take your capital and re-invest your profit although before doing that, take a bit from the money you have made.

An alt coin surge can make you a lot quick but yes it is high risk.
I only do bitcoin and some other stable coins. Currently only some eth.

I prefer steady profits with less risk than potential high rewards which comes with a commensurate risk.
Hence I would rather go for the slow moving bitcoin currency that the faster moving and highly unpredictable altcoin market.
As a day trader, you should be protecting your capital, and a part of that is going for the safest investment option.

I’m afraid we will not be seeing any lower that 9k~10k so if you think you are willing to risk then you should buy now
If you are a daytrader then forget about Bitcoin instead find altcoins that fast in moving and not this coin that so slow in providing profit but atleast the assurance is high than alt investing
I’m afraid I really understand you,on the top you had bought when 9k and sold whe it hit 10k but in the middle you are claiming to be a daytrader and on the last part your a newbie?please a slight enlightenment about what’s this all about

Good choice OP at least you've earned an extra $1,000 and if you want to do it again then do the thing that you do like buy low and sell high. The price of Bitcoin is quite stable at $10,000 at the moment you will have to wait for it to go down dip again if you want to buyback/reinvest. It is better to trade weekly rather than daily since it's a waste of money paying those miners fee.

I believe this is just a trading question that you can answer. Do you think bitcoin will go further high? Do you think it will fall? If you take a look at what has happened with bitcoin so far recently we can see that price usually goes down after a big increase like we had a week ago.

Now, going between 11k and 9k has been like a national sport for bitcoin, hell going between two prices for months have been like that, that is why I think we should not be really looking for a bitcoin increase on the next move, we should be looking for bitcoin going to 9k (maybe even lower this time) and after that it will go up. So my suggestion would be using bitmex and leverage trading to short bitcoin with low leverage for now and if it actually goes down then you can long it.

If you want to play day trading, you must fix the small profit and continuous participation. So you can buy faster and also sell faster then only you are survive in day trading. Bitcoin also good investment in current journey but many altcoins are available in day trading. You can think large you will earn good profit on day trading.

You're a day trader and you have time to come in and ask questions as if the answers will affect your decision? Stick to your guns and use your strategies was the 1k profit planned or was that sell on a whim? If the former, you seem to have some good work done for charting, should tock to it if I were you.

My personal thought is that we'll see several more pinging back and forth with 10k in betwixt.

It is difficult to give advice if we do not know what you want to achieve, if you speculate, invest? The only thing I can tell you is that if you enter the world of trading, you should see it as a business, do not see it as making a quick profit because you are very likely to fail.

Make a comparison with any business, suppose a sales business in a specific item, such as phones, you must first invest, then you must invest time opening your store at some established time, and start small, medium sales where you will have a profit margin, where the return on investment is often calculated at 1 year and is 10% to 20%, that is, annual earnings of your total investment.

If you see trading in the same way, that 10% -20% is often done in a single trade, you just have to establish a plan or strategy, and you must rely on your own argument, in your analysis and understanding of the market, there are many tips that you can receive, but if you read books that are speculators and investors, you will learn how they made their movements in the market and what decisions they made in circumstances similar to that of this market, if you have your own argument you can differentiate which financial advice is good And what not, in the end you are the one who manages your money and when putting money in trading you must manage with the highest security index to avoid failure.

the first rule of being a day trader is to not ask others what to do! you should be able to speculate on your own and have a high success rate of at least 80%. if you don't then you shouldn't day trade.

my opinion, is that below $10k is getting harder each time we complete a new cycle of sideways movement and bitcoin has been bullish for months which makes it even harder to go down. at this point i only expect a drop if some bad news comes out or some whales decide to manipulate the market. otherwise i don't see drops.

I would consider the current bitcoin domination in the crypto market as a bearish signal ... the fact that it's over 70% already bitcoin dominating , sooner or later will reach the peak and causing a significant drop.

If i were you , i won't trade the whole balance ... i will save 50% in cash for the worst scenario of bitcoin bearish trend in the near future.

Last time bitcoin dominated the market back in 2017 where the price surge from $1,000 at early 2017 to $20,000  7 months later.
What make it sets apart with the current bitcoin domination? We didn't make it reach ATH this time , we have tried few months ago and i think the next move is just like after a glorious time in 2017 ... a freefall to the dip.

I'm a bit pessimistic right now (

Obviously you have profited already so that is a good start. However, others pratice 50/50 or just take their profit and leave their capital again and see how the price goes.

I'm not good at making financial advises but for me, I will continue to buy during dips and keep accumulating as much as I can. Off-load some if you are looking for profit but at least have some in case the price goes on another bull run, just saying.

As everyone said, buy in a low price and sell it at the top. That is the most important advice ever. When the price can rise higher, it is better to sell it so we can have a chance to buy at a low price. We can sell all of bitcoin we have in one-time sell order, or we can split it into few parts. It's up to you.

But my advice, it is better to take any profit while we have a chance than to wait for longer to sell and make a bigger profit because we don't know if we will have that chance or not. So you need to decide for yourself, don't be greedy to get bigger profit if the situations are not available.

I think day trader not means trading everyday right, maybe if wait price like 9K again or maybe lower will be good to buy. If you want, maybe 5%-10% to take profit will be better. In this case, bitcoin price that move although only a little, can be very fit for trade. At least it wouldn't get dumped very fast except there are very bad news that come from bitcoin itself.

if people could know if the price will fall or if the price will rise? surely these people would be the richest in the world. There is a possibility of falling, there will always be that possibility. Just imagine that if the price goes up, then it can fall too. But what worries me is that you ask this question and then write this:


day trader?

Are you willing to take too many risks? so you need to study the market a lot.

waiting for the next dip, and waiting until the price is $ 10k, or more will be a good decision. it's just that, when that actually happens, you will have another mind, or maybe come back hesitant to buy it. but, if you believe the price will rise again, it will be a good decision.

in this case, do as you have decided. we can only give advice and guidance, while for the risk, you are the one to bear it. however, you need to think this through carefully. there is a high possibility that the price of bitcoin will have a very high price in the future, it could be your best decision.

Following some advice, suggestions, opinions or asking what will be our approach to that situation might confuse you more since surely it will be different. Doing daytrades and short-term trades is more stressful than hodling, especially for newbies, compare to other newbies who start from long-term trades then switch to day trades.

I suggest testing some strategies of yours and see the result for yourself.

well you got $1k extra. so wait for the next dip (drop after a peak) and repeat

never buy on the up, buy on the down and wait for the next rise to sell.

most people try to keep a 50/50 split of both sides, to double chances
EG instead of selling a whole coin at $10k you could have sold half. and then if price goes down you can buy more coin, if price goes up you can sell coin for more fiat. and just keep riding the waves from both sides

either way over 10% profit in one day is more than enough. so dont be so quick to try being greedy. play it smart
take little profits often and repeat. rather than throwing a random guess and hoping for large returns quickly

Depends on you or depends on your needs only you can decide what did you want for your bitcoin, but i adise if did need it for your personal needs much better to keep it and hold your bitcoin. Good luck 😀😀😀

Should I buy back in or do you guys think it might drop?

I’m more of a day trader so any advice would be hugely beneficial.

New to this but happy with making a grand.