Knowing when to sell off your crypto investment - page 10.

Fredomago

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Quote from: installer on May 03, 2019, 07:30:03 AM

This factor differs traders that are making profit, from those that cry when they lose their deposit. Be more specific and determine your goals from each altcoin. Bring more structure into your investment/trading and you are going gain good profits.

Yes, they always find time to take edges from how the market behaves, they will not cry each time they failed to invest but instead they will proceed
and find good ways to earn, traders who's willing to adopt and adjust from every market conditions will earned better than those who's stuck with what
they always done and not even take time to find another strategy.

bitcoinst

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In my opinion there is no point in selling almost any coins you earned unless you need money. Of course, some of these coins will fall to the bottom and will not come back from there, it is not only easy to foresee, but it is possible with a detailed study of the project. But the other part may well grow in price so much that it will cover all expenses, but it may take more time than you think.

ZEIIMAN

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I am personally against long-term storage of cryptocurrency, only if it is not Bitcoin and Ethereum. Tokens generally fall after entering the exchange. It is better to trade and increase the amount of Bitcoins.

goaldigger

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Quote from: GospelCrypto2 on April 01, 2019, 07:40:33 AM

This is actually my first topic on the bitcointalk forum, been in the crypto eco-sphere for some time now but didn't really feel the need to join this forum until lately. As a trader/ investor the market has taught me some pretty tough lessons and am currently in search of solutions. My question is when does one get out of a trade or sell off a crypto investment?. I used to be a sucker for the hold gang but recent experience has taught me that sometimes you just need to sell off some cryptocurrency even at loss and move on with your life. Examples of such include dragon chain. I bought at the top a year ago and because of the fact that i noticed they were constantly having meetups and news on their social media, i felt sooner or later the market will correct and it will escalate in price. Fast forward to today am rekt and my investment is almost 92 percent gone.
I think its important to throw this question open to the public because a lot of noobs are coming through and although this happens to be the best time to join the crypto space, people need to be educated that it won't be always rossy, you might need to get out of some trades before it gets you down the rabbit hole and into wretchedness.
So blockchain experts and crypto enthusiast when do you say is the best time to get out of a trade? or Dump a long term cryptocurrency you invested in? What level of loss can you take before you hit the panic button?.

Once the investment price exceeds the capital price then it is good to sell. Now, the discretion is upto you. If you want more profit then wait until it reaches its peak and drop a little, indication that it will most likely to fall and its time to sell. But remember not to be greedy enough in order to succeed.

installer

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This factor differs traders that are making profit, from those that cry when they lose their deposit. Be more specific and determine your goals from each altcoin. Bring more structure into your investment/trading and you are going gain good profits.

ricardobs

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Quote from: waitforme on April 22, 2019, 09:06:43 AM

You should divide your Altcoin into different parts. Freeze 3 out of 10 Altcoin numbers you own, then use 7/10 to trade daily. Based on the growth of Altcoin that you are holding to sell 50-70% and then repurchase them at lower prices when prices fall. When the price increases, it is inevitable that the price will fall back after the end of the rise, so divide your Crypto into several parts and sell it at different rates.

Over here, I think that you have to keep your profit in the mind. If you think you have made enough with the coins you hodl, and you feel like cashing it out, you should go for it. Selling off your coins is an important decision no doubt because if you do not make this decision in time, you can loose the value as the market is not certain always. You can hodl your coins for long if you prefer to make big money in crypto which so many people in crypto have been making.

Kingairdrop

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To add to my previous comment, knowing when to sell is not as simple as it seams. There are many factors to consider and the trade pattern of the said cryptocurrency. But for me i only sell when i have made some profit, i dont act too greedy because i dont want to get burnt

Olayinka225

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I think the best time to sell off one's crypto is when one must have see like 10% - 50% gain from the capital used in purchasing the coin, some might not even be upto that.
In crypto situation, GREED must not enter.

Sum24

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Quote from: _Sergo on April 24, 2019, 08:56:33 AM

Quote from: ranman09 on April 24, 2019, 07:38:28 AM

Quote from: Osarman on April 23, 2019, 01:57:53 AM

Quote from: ranman09 on April 16, 2019, 08:58:36 AM

I agree it's best to always sell, of course, when there is a pump. But keep in mind that coins that go high tends to drop also. But it's just for a short period of time. So I would suggest that you sell on top and try to buy back coins from where first bought it. There is a big chance the coin will go back there. For losing coins, better cut of the investment as soon as you see the trend going down.

I normally use the market values to take care of every decision I want to make. Selling your coins at a time when you have the chance to make the maximum profit. This is only possible if you decide to sell off your coins when the price is high. Normally at a price which can give you 2X. Twice profits in Bitcoin could be instrumental in making you a rich man. A long term adds more than 2X profits.

I think that is what they call price action trading. You are basing your decision on price targets that you based on historical data. I heard thats a good strategy also.

here everyone decides for himself, the main thing is that he understands when and most importantly why you buy and when and why you will sell

Yeah it is important to know why you bought these crypto currency because we invested to make profit, so never think about selling until you become fully satisfied with your profit, it is goal of investing to increase your money, waiting is big step in crypto currency to gain profit, to become a good investor try to obtain remarkable profit from.

salink

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It is difficult to say the perfect time to sell. If you have a specific goal in terms of the amount of profitability achieved in each portfolio, that's a good strategy. Long-term investment is also an option but with the current market situation it is impossible to know which coins will disappear.

radjie

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Quote from: doycku on April 23, 2019, 01:43:31 PM

Quote from: Danslip on April 23, 2019, 10:17:13 AM

It is hard to make a perfect timing but the resources for analyzing the markets situation can help a bit for this purpose. Investing in the altcoins can give best results for patient investors.

I think that every user of cryptocurrency is sure that altcoin will give a good profit during long-term storage. But today the main task is to find out which altcoins will survive and which will not. With the current state of the cryptocurrency market, many coins may lose their relevance.

yes, you should be able to research more about coins that will be used as long-term investment assets, if the coin has good potential for the future, then do it to invest in it, and when market price movements increase we must be able to decide when to go out from trading to sell it to benefit from it

siena23

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If I close the loss by using a profit that I got before. So even though I suffered a loss my capital remained intact. but of course everyone has their own way. We can't imitate other people's ways because I don't think we can imitate it.

Dark Ripper

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In cryptocurrency, you must know what coin you will sell and when that coin must be sell just for example studying about on what time or day you must sell the coin that you are holding, because in trading you must know what coin must be sell in order for you to get some profit. Just for example if you are just a beginner you must know how the trading works and what the trading community do to prevent those hackers and scammers, one of the best way to do to know about it is to ask some of the great and professionals traders out there so that you may get some tips and techniques on what they are doing to gain some profit. For now I am still newbie in trading but in the trading platform that I am using which is darb finance in which this is a crypto exchanger it helps me so much to gain some information about trading because in this platform their are some tutorials on how to gain profit and in this trading platform it is easy to withdraw and deposit cash or money so it means less hassle for the users.

GregH37

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Quote from: Danslip on April 23, 2019, 10:17:13 AM

It is hard to make a perfect timing but the resources for analyzing the markets situation can help a bit for this purpose. Investing in the altcoins can give best results for patient investors.

It is not too hard to predict and also you don't really need anyone to tell you that you're meant to withdraw your money when the loss is about to get much.

I'm not really the kind of person that takes too much of them risk unless the money I have put in is the amount I decided that I'm ready to risk for good and take whatever that comes out of it. There are people that make the mistake of buying coins when they are at peak price, and they continue to watch as these coins plummet and still do nothing.

Kiweikoo

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Quote from: fullhdpixel on April 17, 2019, 10:11:50 AM

If we are to be truthful to ourselves, most investors don’t set target for themselves unlike trader, a trader could deposit money to trade and decide to always take profit at 5% on every trade, but an investor will just put in money with the hope of taking profit when the coin really go high, not many investor will put in money and say at 10% I will take my investment.

The point above is the reason why majority of us are waiting for bitcoin ATH, if we do set target, why are we all talking of ATH, at least, bitcoin has been increasing by certain percentages, we have people that bought BTC at 3k an still yet to take profit until it hit the ATH. SO I think, its only when we trade that we set target.

It is a function of what you wanted to achieve in the crypto business. If you have made money in the crypto or you have gotten the worth of your coins raised high in the market, you are very well off if you cash. It is about profit maximization and profit should be withdrawn when you have achieved a certain level of profit. You should keep things on the tract and not try to hodl for long if you are a visitor.

bitzizzix

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Generally everyone will sell when the price of their coins goes up, but if investing in altcoin is more efficient investing in the long term to get maximum profit.
and before you start investing, you must learn it first to find out or analyze what coins are potentially profitable in the long run or according to the target you want.

_Sergo

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Quote from: ranman09 on April 24, 2019, 07:38:28 AM

Quote from: Osarman on April 23, 2019, 01:57:53 AM

Quote from: ranman09 on April 16, 2019, 08:58:36 AM

I agree it's best to always sell, of course, when there is a pump. But keep in mind that coins that go high tends to drop also. But it's just for a short period of time. So I would suggest that you sell on top and try to buy back coins from where first bought it. There is a big chance the coin will go back there. For losing coins, better cut of the investment as soon as you see the trend going down.

I normally use the market values to take care of every decision I want to make. Selling your coins at a time when you have the chance to make the maximum profit. This is only possible if you decide to sell off your coins when the price is high. Normally at a price which can give you 2X. Twice profits in Bitcoin could be instrumental in making you a rich man. A long term adds more than 2X profits.

I think that is what they call price action trading. You are basing your decision on price targets that you based on historical data. I heard thats a good strategy also.

here everyone decides for himself, the main thing is that he understands when and most importantly why you buy and when and why you will sell

CryptoIyke

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This is a very important aspect of crypto trading, taking profits and when to take it as well as loss is an important aspect of the learning. Of which most times if not properly managed causes a lot of regrets and anger. I think the most important aspect of trading should be to know the exit point, just plan to exit when the time is right. Before entering, plan for exit as well either in loss or profit and stick to it.

ranman09

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Quote from: Osarman on April 23, 2019, 01:57:53 AM

Quote from: ranman09 on April 16, 2019, 08:58:36 AM

I agree it's best to always sell, of course, when there is a pump. But keep in mind that coins that go high tends to drop also. But it's just for a short period of time. So I would suggest that you sell on top and try to buy back coins from where first bought it. There is a big chance the coin will go back there. For losing coins, better cut of the investment as soon as you see the trend going down.

I normally use the market values to take care of every decision I want to make. Selling your coins at a time when you have the chance to make the maximum profit. This is only possible if you decide to sell off your coins when the price is high. Normally at a price which can give you 2X. Twice profits in Bitcoin could be instrumental in making you a rich man. A long term adds more than 2X profits.

I think that is what they call price action trading. You are basing your decision on price targets that you based on historical data. I heard thats a good strategy also.

doycku

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Quote from: Danslip on April 23, 2019, 10:17:13 AM

It is hard to make a perfect timing but the resources for analyzing the markets situation can help a bit for this purpose. Investing in the altcoins can give best results for patient investors.

I think that every user of cryptocurrency is sure that altcoin will give a good profit during long-term storage. But today the main task is to find out which altcoins will survive and which will not. With the current state of the cryptocurrency market, many coins may lose their relevance.

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