Hello. My opinion is that Bitcoin is not worth selling at all, at least most of it. As trite as it sounds, it is a super-asset that can explode in price in a matter of minutes. Bitcoin - now and Bitcoin of 2017 - are different coins. Now famous people and funds are actively investing in it, with a fixed amount of this asset, it will not be enough for everyone. I am sure that the price of Bitcoin will surprise us more than once, both by going down and by frantic ups. It sounds like a hamster philosophy - but I don't want, having sold Bitcoin for 60K today, wake up tomorrow and find the price of 160K, 560K .Good luck everyone.
Don't encourage others becasue you can hodl your coins. There are those who can also hodl forever why some can't even hodl for some moments presently, you have other means of livelihood doesn't mean others has, so, let those who can hodl do and those who cannot stay with theirs. Nobody discourage anyone to hold but when situations warrant them to sell they shouldn't hodl back. Personally, on a critical situation i do sell some of my stored stash to fiat. 
Topic: Time to sell my BTC? (Read 3686 times)
So I bought BTC at £9000, made a nice amount. Is it a good idea to now sell this and move that money into altcoins? or should I sell half BTC and buy back in after alt season is finished?
What do you think?
What do you think?
Diversifying your portfolio by simply allocating a portion of your BTC to Altcoins is actually a good idea to balance risk and reward in your investment portfolio. In that way, big losses will be avoided when things went wrong and you won't regret selling most of your BTC in the future. Moving a portion of your BTC to buy another asset on alternative coins is really a good move for you.
Seeing the current price of bitcoin, you can sell now if you want to protect some part of your capital and buy on the correction point of bitcoin. Many people are still wanting BTC to break out and reach the 66k.
Actually bitcoin is that position that you can sell or buy more. Totally depend on you . Because bit coin will rise more . So if you can hold hold it for long time, but you can not hold it for long time can sell it right now.
if you want to buy now for bitcoin, it doesn't matter, we know the price is high and of course you need enough capital if you want to buy. still, even though you buy at a high price, it will still be profitable.but if you have had bitcoin for a long time to sell it is also not a problem because it has made a big profit, but if it is better to wait until the price reaches ATH at the end of the year.
Sounds more like short term investment if you decide to cash out now. But, if you want to earn possibly about 10× what you have made, you can still hodl for long term. Because Bitcoin is recognized on a daily which keeps pushing it up. Anyways you story sounds Like a win win situation (irrespective of what move you make)
The most intelligent decision to do now would be to cash out at least a part of the holdings. Almost all the investors are holding on to their coins, hoping to receive much better returns in the next few months. If that is not going to happen, then there will be a mass dump and it will crash the prices. The correction phase may last for a few months or even years. If you have the capability to wait for 2-3 years, then you can hold on to your coins. If that is not the case, then it won't be a bad idea to sell some of the coins now.
I think you should take out "intelligent" (No disrespect meant). You can never truly tell an intelligent decision until the result is out. I'm not saying that we should or shouldn't cash out part of our holdings. But wait, what if I cashed out an then, BOOM! The headline reads that BTC just went 100% up? At that point, you can't really count my move as intelligent but "Cautious". What I advise is that we make cautious moves. But then, remember that without risks, nothing is achieved. TY
Actually bitcoin is that position that you can sell or buy more. Totally depend on you . Because bit coin will rise more . So if you can hold hold it for long time, but you can not hold it for long time can sell it right now.
With the little experience am having I believe this is the best time to buy bitcoin and not to sell I believe bitcoin price is still very low and is better you accumulate more bitcoin there are lots of people that have being saying bitcoin price is high and dey are giving advice to people to sell there bitcoin. Serious bitcoin price will pump massively in the next few months to come and people that are planning to sell or people that sold already will definitely regret why they sell there bitcoin so early.
It is a good time to take profits but if you do it and the market rises to $90000 you will have made a very bad choice, a lot of institutional investment is waiting for the price to rise, you have to take into account your need to withdraw some profits, the news that are dating are positive.
Right now the problem is that everyone expects Bitcoin to rise. But let's not forget the fact that the prices have already rallied by 500% during the last 6 months. Till now, we didn't had a major correction. I would naturally expect a major correction, when the prices rise by this much in such a short duration. That's the reason why I posted that selling a part of your coins won't be a really bad idea right now.
see now the price of BTC has increased very high, if you think you have gotten a profit, my advice is to sell now and wait until BTC corrects and buy at a low price. don't be too pushy to hold if you really need money. enjoy and use bitcoin casually
Sounds more like short term investment if you decide to cash out now. But, if you want to earn possibly about 10× what you have made, you can still hodl for long term. Because Bitcoin is recognized on a daily which keeps pushing it up. Anyways you story sounds Like a win win situation (irrespective of what move you make)
The most intelligent decision to do now would be to cash out at least a part of the holdings. Almost all the investors are holding on to their coins, hoping to receive much better returns in the next few months. If that is not going to happen, then there will be a mass dump and it will crash the prices. The correction phase may last for a few months or even years. If you have the capability to wait for 2-3 years, then you can hold on to your coins. If that is not the case, then it won't be a bad idea to sell some of the coins now.
It is a good time to take profits but if you do it and the market rises to $90000 you will have made a very bad choice, a lot of institutional investment is waiting for the price to rise, you have to take into account your need to withdraw some profits, the news that are dating are positive.
I Have no bitcoin to know when i will sell Bitcoin or not, but I will like to know the actual time to buy and the right timr to sell, because right now I have no basic ideal when to buy, I believe with here I can learn very well concerning Bitcoin and other coins involves, the method of selling Bitcoin is difference from selling other coins.
Sounds more like short term investment if you decide to cash out now. But, if you want to earn possibly about 10× what you have made, you can still hodl for long term. Because Bitcoin is recognized on a daily which keeps pushing it up. Anyways you story sounds Like a win win situation (irrespective of what move you make)
The most intelligent decision to do now would be to cash out at least a part of the holdings. Almost all the investors are holding on to their coins, hoping to receive much better returns in the next few months. If that is not going to happen, then there will be a mass dump and it will crash the prices. The correction phase may last for a few months or even years. If you have the capability to wait for 2-3 years, then you can hold on to your coins. If that is not the case, then it won't be a bad idea to sell some of the coins now.
This depends on the purpose for buying this bitcoin in the first place with the amount you claimed that you purchased, if the reason is to sell immediately to buy other altcoins so be it but I think you should be wise in any decision you want to make as regards this the final decision is what do you want because this is your money.
There is a lot of speculation considering the best time to sell. One thing is for sure; if you sold at the top, you did well. Now, looking forward, the cryptocurrency sphere seems to be recovering from its 2018 lows, having seen a recovery of more than 300% for Bitcoin’s all-time-low price.
This recovery may hint at an upcoming, new bull market that may increase the coin’s price to new highs, which could mean that selling at this moment may not be a good idea, but that’s up for you to decide.
However, i think also be facing a new drop in price, since the recent recovery was quite sudden and volatile in nature. In that case, selling right now would help you buy back later on.
You don't have to sell straight away, you can also buy with it. If there is a dealer who does not accept Bitcoin, then you can use the Conciergeservice.
https://shopinbit.com/en/conciergeservice-ordering-service
This is how it works:
Write us as detailed as possible which products you would like to order.
We will answer you within 24 hours with an offer
Optional: Contact us fully encrypted through https://keybase.io/landorothbardian
You can also use our PGP-Key from Keybase to send us an encrypted message via E-Mail.
If you agree to our offer, you will be asked to pay the total amount. We will then order the article and send it to you. Of course you will also receive tracking codes for this.
Your advantages:
2 years retailer warranty and german invoice
No KYC
No more use of Euros necessary
One contact person for everything
https://shopinbit.com/en/conciergeservice-ordering-service
This is how it works:
Write us as detailed as possible which products you would like to order.
We will answer you within 24 hours with an offer
Optional: Contact us fully encrypted through https://keybase.io/landorothbardian
You can also use our PGP-Key from Keybase to send us an encrypted message via E-Mail.
If you agree to our offer, you will be asked to pay the total amount. We will then order the article and send it to you. Of course you will also receive tracking codes for this.
Your advantages:
2 years retailer warranty and german invoice
No KYC
No more use of Euros necessary
One contact person for everything
Its always up to you what to do with your bitcoin and should you feel you've made enough profit and your okay with it, then by means you should sell but, just a portion of it. Bitcoin isn't a currency you just sell, you should sell with a purpose and selling bitcoin with the sole purpose of buying altcoin doesn't feel so good with me. I barely agree to that fact even if, it seems to be a season for altcoin. Its of note that, altcoins depends on bitcoin for its growth often and as such, its the events in the bitcoin market that plays out also in the altcoin market. It is an investment for sure but, selling bitcoin to buy altcoin don't sound okay to me.
I would say neither, its bad to sell when the bull cycle is far from over. With Paypal making Bitcoin available for buy and sell and big corporations flooding their money into Crypto Market. I would say HODL for a little bit be patient cause the rewards can be much greater if you manage to hold out this year.
Yes, selling when the bullish market circle is yet to be over is not good advice but if the investors were among those that bought when the price of the market was around $6000 there's no problem in selling now because tomorrow are not promise cause don't the next trend the market will pose.
I think in this rally when cryptocurrencies supply already surpass 3 trillion, no one should sell btc. Wait for little gain l,make some profit and then sell it.
70k is my goal where we can say that you can sell your Btc and small crash may be happen.
70k is my goal where we can say that you can sell your Btc and small crash may be happen.
Sounds more like short term investment if you decide to cash out now. But, if you want to earn possibly about 10× what you have made, you can still hodl for long term. Because Bitcoin is recognized on a daily which keeps pushing it up. Anyways you story sounds Like a win win situation (irrespective of what move you make)
So I bought BTC at £9000, made a nice amount. Is it a good idea to now sell this and move that money into alt coins? or should I sell half BTC and buy back in after alt season is finished?
What do you think?
You must have a clear goal before selling it, Understand and consider the return you want from investing in bitcoin. These considerations will give you idea when you want to determine the best price to sell it. Understanding and careful consideration will be the right guide when you make a strategy.What do you think?
If the profit you get has reached the point you are targeting, You can sell half of the assets you have, and you can prepare back the money you had whiled the correction was taking place.
I highly recommend selling Bitcoin according to the targets that we each set, because I believe everyone has a different target. Because the Bitcoin
price will definitely continue to rise this year, so if the Bitcoin price hasn't reached the target we set. Don't panic and just HODL our Bitcoin, because
the target we set will definitely be achieved seeing Bitcoin's extraordinary performance this year. Then the good news about Bitcoin did not stop coming,
so the price of Bitcoin should be able to go up much higher than its current price.
price will definitely continue to rise this year, so if the Bitcoin price hasn't reached the target we set. Don't panic and just HODL our Bitcoin, because
the target we set will definitely be achieved seeing Bitcoin's extraordinary performance this year. Then the good news about Bitcoin did not stop coming,
so the price of Bitcoin should be able to go up much higher than its current price.
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