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Topic: Sell btc - page 4. (Read 861 times)

legendary
Activity: 3248
Merit: 1402
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August 10, 2019, 12:22:29 PM
#11
Hi everyone, I am a newbie. I find myself with about a btc and I would like to sell, but I don't know what the right moment is .. tips?

Many people, including me, think that Bitcoin can reach at least 100K. So I don't think selling Bitcoin is a good idea right now. However, there are always risks.
And I guess others are right that the answer to this depends a lot on the initial price at which you bought it. If one bought BTC for $500 per coin, then selling now means getting awesome profits, and waiting for another 10x rise might be greedy and not worth the risks of losing what you've already managed to accumulate. On the other hand, if one bought them during the recent drop at, say, $4k per coin, then waiting to make more profits seems more justified, does not it? But you are right, of course, that personal belief on what Bitcoin can reach is also important here, and selling at $10k if you're sure it will be $100k does not make much sense.
full member
Activity: 1708
Merit: 125
www.positivebetting.com
August 10, 2019, 11:14:29 AM
#10
The right moment to sell can be tough to actually calculate. If you sell and make a profit that is a good start. You don't need to sell at the complete top to be a good investor.
legendary
Activity: 3010
Merit: 1280
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August 10, 2019, 11:06:54 AM
#9
Converting bitcoin to fiat is unimportant. Goal is to stack as much you can and that's exactly what i'm doing. And if you really want, it will get easier over time. If you haven't heard, Croatia post offices are now converting coins to local fiat. It's a matter of time before it spreads to other parts of the world.

I guess the importance of converting Bitcoin to fiat depends upon the situation since we all know that not all stores accept Bitcoin especially in the local market.  If you have lots of extra money to spend for your daily lives then I will suggest to hodl your Bitcoin but if you don't have any extra money to pay for your bills and daily needs then it is a just to convert your BTC to fiat.



@Op, if you wanted to know when to sell your BTC then you alone can answer it for yourself.  If you are satisfied with the possible profit then you can sell it, if not then you have to wait for some time.  In short, have a target price when to sell your BTC and hold it tightly until then.
member
Activity: 742
Merit: 21
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August 10, 2019, 10:35:37 AM
#8
Converting bitcoin to fiat is unimportant. Goal is to stack as much you can and that's exactly what i'm doing. And if you really want, it will get easier over time. If you haven't heard, Croatia post offices are now converting coins to local fiat. It's a matter of time before it spreads to other parts of the world.
legendary
Activity: 2338
Merit: 10802
There are lies, damned lies and statistics. MTwain
August 10, 2019, 07:33:55 AM
#7
<...>
"The right moment" changes overtime, as historical evolution data absorbs your selling moment and then puts it into perspective further ahead. Assuming you are already in a winning position, selling now is likely fine from the ROI perspective, as you will probably have made some profit since the purchase. Nevertheless, a few months or years down the road, what seemed like a good sale at the time may result a mistake from an investment point of view. There is no way to foresee what BTC pricing may do, and especially when and during how long a reasonable "right moment" will crop up.

There’s a large psychological side to selling, as normally you’ll consider not just the selling price you settled for, but further more you’ll be performing hypothetical sales further ahead, simulating what the outcome would have been if you held back your initial sell decision a bit longer.
If you need to sell, and are making a win, then just do it and try to trim the future hypothetical fictional mental sales I mentioned. If not, holding for a while seems more exciting than selling at this point.

Having said that, BTC has gone down 500$ in just over the last hour …
sr. member
Activity: 2422
Merit: 357
August 10, 2019, 07:08:59 AM
#6
This is a never ending question on bitcoin history. You know, withdrawing of bitcoin depends on its holder and this tips can help you decide.

1. Do your selling price are already above your investment capital?

2. Is selling it on that particular amount are reasonable and worth it?

3. Is it for emergency or urgent? Or you are just afraid to take risk?
sr. member
Activity: 254
Merit: 1258
August 10, 2019, 06:59:18 AM
#6
Hi everyone, I am a newbie. I find myself with about a btc and I would like to sell, but I don't know what the right moment is .. tips?
Right when there are new barriers broken, such as a 13,000 or 15,00 you'll usually see it go a few hundred higher and then dip down, you want to catch this either right before the barrier if you're looking to take less risk and a few hundred after a barrier for maximum profits.

This is all just my personal experiences and could be entirely wrong, do your own research.
sr. member
Activity: 1568
Merit: 321
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August 10, 2019, 06:52:32 AM
#5
Hi everyone, I am a newbie. I find myself with about a btc and I would like to sell, but I don't know what the right moment is .. tips?

Many people, including me, think that Bitcoin can reach at least 100K. So I don't think selling Bitcoin is a good idea right now. However, there are always risks.
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
August 10, 2019, 06:48:43 AM
#4
Decide at a certain price point and stick with it. Just make sure that your price target is reasonable and realistic enough in the timeframe you're looking at. If you really need the money though, depending on how urgently, it'd probably be a good idea to just sell it now regardless if you made profit or not.
hero member
Activity: 3038
Merit: 634
August 10, 2019, 06:46:38 AM
#3
How did you acquired your btc? did you bought it or someone just gave it to you? You can easily check the price on different exchanges and think if you are satisfied if you want to sell it right now.

But if you think that there's more to go and you are treating now bitcoin as a good long term asset, hold it and don't sell it for now. In the end of the day, you are the one that will decide whether to sell at any price you desire.
hero member
Activity: 1890
Merit: 831
August 10, 2019, 06:35:11 AM
#2
Hi everyone, I am a newbie. I find myself with about a btc and I would like to sell, but I don't know what the right moment is .. tips?
Well actually the right moment is when you are making profit enough to be happy about the price you are getting.
Take an example:-
A guy purchased a table for 20$ and sold it for 200$ , he made profit of 180$ , now you need to decide the selling price.
He may have saved it for the time it turns to 2000$ , but he didn't , or the table could have been rusted or something.

You should decide and at the same time keeps heads ahead of the future price prediction and the recent events regarding bitcoins which could change the price .

Well if you want to wait then you shouldn't sell 2021 is a good year , but if you wanna sell them you should do that soon since India is going to ban Bitcoins and the price can go down.
newbie
Activity: 1
Merit: 0
August 10, 2019, 05:08:30 AM
#1
Hi everyone, I am a newbie. I find myself with about a btc and I would like to sell, but I don't know what the right moment is .. tips?
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