It all depends on how much you're investing. If you've spent $ 100 and you have a 92% loss, it's not a big loss. I would've waited. But if the amount of investment is high, why did you wait until the loss was 92%?
Topic: Knowing when to sell off your crypto investment - page 20. (Read 17858 times)
One of the painful things is that some coins do not just worth your money. Although, you might not know this at the beginning. Even at that, you would have started seeing some odd things about it, which might be in form of warnings for you to opt out. It might be your wit end, where you have to make your decision.
This is the most important rule, because holding long term does not bring as much profit as before. Before investing in a coin, you should decide for what price you are going to buy this coin and for what price to sell it.
The strategy must change and follow the trend, I agree that only the short term can be profitable, this is because more people make trading the main job because crypto trading is more profitable than Forex or others.
short term is not good as long term because on short term you will be only earning small time pofits while on long term it allows you to earn huge income because it is said that the longer the crypto runs , the higher the demand they get which also means their value can also increase dramatically but at the end of the day , your own decision will still matter the most . if you need money then sell imediately but if not then better hodl your coins and continue stacking them .
Not really. Some coins grow in value in days so short term can be pretty profitable if you manage to get a good coin to handle. But here's where op's question would come in. When do you decide to sell. It's important that you don't let greediness take over. If you have a target exit price and it gets hit, sell. Or better yet, place a sell order. It's a lot more regrettable to miss your target and end up with a loss trying to get the maximum possible profit.
This is the most important rule, because holding long term does not bring as much profit as before. Before investing in a coin, you should decide for what price you are going to buy this coin and for what price to sell it.
The strategy must change and follow the trend, I agree that only the short term can be profitable, this is because more people make trading the main job because crypto trading is more profitable than Forex or others.
short term is not good as long term because on short term you will be only earning small time pofits while on long term it allows you to earn huge income because it is said that the longer the crypto runs , the higher the demand they get which also means their value can also increase dramatically but at the end of the day , your own decision will still matter the most . if you need money then sell imediately but if not then better hodl your coins and continue stacking them .
This is the most important rule, because holding long term does not bring as much profit as before. Before investing in a coin, you should decide for what price you are going to buy this coin and for what price to sell it.
The strategy must change and follow the trend, I agree that only the short term can be profitable, this is because more people make trading the main job because crypto trading is more profitable than Forex or others.
Welcome to the forum! Just make sure to read the rules. Personally, i do short trade for a while since the market is not really good but i hold some coins for long term like ETH, XRP, TRX and XLM. It's sometimes hard to know when are you going to sell it but whenever i get 3x to 5x profit i sell it. Might be wrong to some but that's what i do.
This is the most important rule, because holding long term does not bring as much profit as before. Before investing in a coin, you should decide for what price you are going to buy this coin and for what price to sell it.
The strategy must change and follow the trend, I agree that only the short term can be profitable, this is because more people make trading the main job because crypto trading is more profitable than Forex or others.
for me it depends on our capital on the first day, after that it is like a target to get profits from trading and investment, I think this is important because each person has different strategies to get the right profits and time when we see opportunities to sell .
As for me, no one will tell you for sure when is the right time for sales. You should always focus on your experience. This is the most reliable resource information.
the best time to sell of the crypto asset is when the coin reached a good percentage of profit then is the best time to sell the crypto per suppose if the coin reach 50 percent of growth it is better to sell of some percentage of coin
when the price has hit the second resistance line then you can try to sell it and buy another coin that has the potential to rise.
Getting out of the market sounds difficult, but that's usually what I do
Getting out of the market sounds difficult, but that's usually what I do
Most people miss the point of selling and accumulation but the truth is you buy when this are low and when they get high simply sell but set a certain target to avoid loss and also the amount you take on higher gains
A bearish trend will come after the bull and bull will come after a bearish trend. Whatever how much that gets increase just sold our amount when it was getting a pump and then we will be fine for that. And buy back by putting an order at the bottom price and this is always working.
Follow the charts as a baseline, those with a history will tell you when to dump. For bitcoin and most others it will be late 2021 due to the halving effect so remember to cash out in time
Every holders must know when to sell off there holdings or else greediness will surely takes over ,there have to be a specific target you are trying to meet so when that happens you should let go ,greediness is not good for business
it all depends on your strategy bro. Actually there's a basic rules wherein "buy low and sell high" but it doesn't mean you need to sell immediately when the price is increasing , because that's a mistake!! wherein you should have a target also for example 2x profits so that you know when is the right time to selll. Learn to make technical analysis instead to obtain knowledge
I don't think there should be a particular time for you to sell off your crypto holdings, unless you are saving them on a short term basis and might need to make use of the fund pretty soon, once you watch the market mooning for a while and then you begin to see the market become bearish for a while, let's say for two weeks, then it's time for you to pull out the profit you have made already because a dip might start pretty soon and it won't be good if you are affected since you are holding your coins on a short term basis.
At times, holding is not always the best option. There are some coins that fall over 100% the original price you bought them. I have taken a strategy to sell of coins that fall below 50% of the initial price. I believe this is better than holding till you will get nothing.
I believe sometimes there is also a need too to sell your coins even you will be at loss and start buying potential coins at a more affordable price. But for now seeing the market slowly rising up, it's still good to keep on holding and only sell them when the highest peak has been reached. I know this won't be hard knowing the crypto coins today are now increasing their value day by day.
Selling of assets at the wrong time is why a lot of users today quit crypto currency trading
It has to be developed personally by understanding what level of profit you want
It has to be developed personally by understanding what level of profit you want
At times, holding is not always the best option. There are some coins that fall over 100% the original price you bought them. I have taken a strategy to sell of coins that fall below 50% of the initial price. I believe this is better than holding till you will get nothing.
In the actual fact, the sell off time of any crypto invested coins depends on various individual opinions. Some people prefer to sell the coins immediately they see a little rise in the coin market value price which may not really be much. Others may decide to sell off when the price rises to a level above ICO price if the coins were purchased during ICO project of such coins. In my own opinion, I think the time to sell off should be when the coin has reached its product development stage such that the coins is now accessible to many crypto enthusiasts. At this stage, the price would have increased so much. Although, this may require long moment of patience because it takes time to build anything that will last. Hence, long holding is required to get the ultimate desired profits from invested coins.
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