Topic: Knowing when to sell off your crypto investment - page 22. (Read 17884 times)

You need a cup of coffee before you say investment in cryptocurrency is gambling. Have you play gambling before? if you put money on the gambling place and you bet all money you have and you lose then your money is gone, you won't have a hope to recover your lose. But if you buy bitcoin and you invest in it and then the price crash drastically, I believe you need a time and still have a hope to wait the price up, I guess these are different.

many people are afraid to miss the opportunity and that is why they are buying at the peak. they think that the endless growth has begun))))

Better to start your own thread because you might need to contribute in this forum like this guy.
Well, first of all, crypto invesment is likely look gambling. Just be sure to know on when you sell your crypto or just leave crypto investment whenever you get your profit.

your verified title as a bag holder definitely precedes you, sir. buying and long term holding are quite difficult for small-time investors like me.

Perhaps a cut loss action is needed sometime, when ever we feel there is no sign of the dropping market to end, that time it would be better to sell the coins that we suffer loss.

This is the best part of investing, when we are already taking profit but we should really know when to sell so we can be more focus on achieving that price. We have to set the target price to take profit as well as to cut our losses don’t just buy and wait for a more a higher prices that can be called as greed.

For me it is all about your goal how much do you intend to earn,How much could you lose always set up a cut lose .
To me it is really important to set when to sell your crypto if you aren't good at reading the chart then always set up when would you sell it.

If anyone is really perfect at entry exit then he is either not normal or is just superiorly lucky and he cannot be a small trader he must have been trading in millions already but i have not seen anyone being so perfect. I will suggest that do not be greedy and sell when ever you are happy with the profit i mean you should get some profit from each trade or investment even if it is small there will always be more opportunities in the market and after your exit even if the coin moons with another 10x or so you should not regret rather be happy for hodlers.

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?.

in the current market, you need to sell if you made X2. on every coin, after rising 100 percent, there is a fall will come