Topic: RIGHT TIME TO SELL??? (Read 2213 times)

Its not as simple as that, and even if it as uptrend it will take time to resolve AND there will be dips to the current range. Enough for us to make a profit.

That is the best way not to be holding when it spikes up tremendously, how will you know we are at the top? You may be mistaken, if you are an amateur trader you probably will sell low and buy high and end up with less bitcoins that you would have if you bought and hold or bought and invest

Right time to sell?

hmm i'll do that when Bitcoin moves to/around a new ATH. Selling 10 coins of my stack and rebuy them all when Bitcoin is at low-trend; woud be around $1500. I repeat that for the comming years.

I got my popcorn ready!

Agreed on the sentiment of your comment, but I caution about "above 500 = uptrend". I had, in the back of my mind, over the past few months fixed price targets that I assumed would signify a turnaround, and every time it turned out to be a false breakout.

Right now daily Ichimoku cloud's upper band is at ~520 (and falling to around 500 within a week), so that'd be a first step to take to make it look like an uptrend. But daily SMA200 is around 600. 2nd lowest fibo level of the entire downtrend sits at 654 actually, but at that point I would consider the reversal firmly established (corresponding to 120 last year -- by that time, the people who didn't buy back in felt the need to explain why they hadn't, not the other way around).

And in the end, whatever price, if volume doesn't play along, I'd be reluctant anyway to trust it.

Sorry for a slightly OT rant.

sell your USD.

no. once 500 is broken again, we are back in an uptrend. you don't want to sell in an uptrend

Imo if you made profit maybe sell

That would be great time to sell if you are playing these swings. Have been working out well so far.

The Op has here all sort of opinions, mostly bullish.
On the permabulls, let me quote myself: https://bitcointalksearch.org/topic/m.6544981
"They buy, with sacred faith, screaming like a kamikaze "to da moon", the ones you want to sell, no matter the price.
Then, since they are very strong people, with very powerful hands, they hold them, even against all trends. They hold and hold, even losing 80%.
They are always the last bulls standing. So, when they finally give up, losing 90% or something, they easily sell their bitcoins to you on the bottom. You see why it has to be the bottom? When even the perma bulls give up, almost everyone is a bear and, therefore, almost all the people that were willing to sell, already sold. Since there are few sellers, the price has to go up...
How nice are perma bulls, they help us on the top and at the bottom."

I don't know nothing for shore about the future price, but with the present data (mainly, the breach of the 380 support on bitstamp and a major lower low at 339) and fundamental terms (serious problems on China), it's much more risky to keep bitcoins than to sell them.
It's much easier to just keep them, hoping for better days, that might come only in the end of the year or next year, than to sell them and, specially, to have the guts to buy them again. Many times, a trader sells with a loss making a good decision, because the price drops, but then just hesitates in fear and ends up buying again too late. Perhaps, higher than the price he sold. Selling isn't easy, specially, losing money, but buying again might be even more hard. Losing puts the fear of the market on the bones of any inexperienced trader.

In doubt, you can always sell only a part of them.

That would be a bad time to sell.

The right time to sell bitcoins is when you need the (fiat) money.  Sort of like any other investment.  Good Luck!

For starters, the reward halving already gets priced in.

More importantly, it only means there is new coins to be sold off. So the natural downward pressure is lessened, but does not increase the price.

For what its worth, I say holding for 2 years is a good plan too, but not because of your reason.

If you can wait a couple of years we'll have another block reward halving and the price is likely to go up a lot around then. If you can't wait 2 years then you can't afford the investment.

A lot of college kids need cash to pay rent, haha, everybody think they can make a quick cut 

If you don't need cash, don't sell.

Very risky to sell now. If you have not sold already you should hodl.

When it bounces up above 500, selling a few might be smart.

Corrected for you

yep, in fact about 5% of that is only needed. but hey, everybody can't be rich, let whomever wants sell now this is an amazing opportunity to exit at the bottom, don't forget to enter back once the prices peak next time.

New comers, investors, and the same people who sold.

If you look at the current liquidity, only 10,000 BTC dumped in bitstamp could push down the more than 10% easily. Similarly, the price could rise with only a small amount of new investment. The market is moved easier than you think. It will not take $20bn to reach a market cap of $25bn. It will be much much lower.

For $2000, that would be a huge buying power, where is it?