Time to sell my BTC? - page 11. | Bitcointalksearch.org

Kong Hey Pakboy

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Quote from: maxreish on March 10, 2021, 07:47:38 PM

If you trust bitcoin you can just put it all still into it and hold it for long term. But it all depends on your decision. While it is still good to diversify your coin like selling half part of your btc and buy some potential altcoins, whatever your actions, yhe best thing is to manage them well and not too greedy if you reach your goal profit.

Since you already made some profit from that then you can just use your profit to widen your investment.

But if OP doesn't have a clear time frame for what is long-term for him/her investment that could mean that OP might do something dumb that might destroy his/her possible big profit. My advice to OP is to make sure that you are in need of money for your daily life because you might miss out on a big jump and lose the chance to get more out of your bitcoin.

Altcoinsintel

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Quote from: Houdini76 on March 10, 2021, 02:28:37 PM

Quote from: Altcoinsintel on March 10, 2021, 02:07:44 PM

Quote from: Houdini76 on March 10, 2021, 01:59:48 PM

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 are asking us? All answers you will get will be to keep holding. What was your plan when you bought? Since you obviously entered Bitcoin to make profit if you are asking when to sell. Without having a clear plan and targets set then you can consider yourself lucky to have made this kind of profit.

My plan was to hold, which I did, I may take some profit and use that for Alt season. I don't know about lucky - if you buy and hold then sell at the right time you make money.

Holding a large percentage in bitcoin will help you when things go wrong. If you take all your profit and put it in altcoins you should know the risks involved. I am investing in altcoins but in a way that this won't be harmful to my total investment in this market. Any altcoin investment can easily go down 90%. Bitcoin when it reaches the top it can go down 80% but probably no more, unless it becomes completely useless. What I would do in your position is to take half out in cash. As I understand this, you entered to make more money, as everyone else. If you believe that cryptocurrencies will have a future, then you should hold your initial investment in it for longer. However, since the profit you've made is 4000% taking some back will mean you were successful with this trade.
By saying you got lucky, I meant that you entered the right time but not having a plan usually means trouble. You had the ability to see an opportunity that was there, but this is just half of it. The rest is making a plan and sticking to it.

maydna

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Quote from: Houdini76 on March 10, 2021, 01:59:48 PM

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?

I think you can sell from a small amount of bitcoin and hold the rest until the price can reach the next higher price. But I don't think that using the money to buy the altcoin will be a good idea since many altcoins already increase. Perhaps, you need to wait for a while until the altcoins price gets a correction so that you can buy it at a low price. The altcoin season still happens, and I guess that the altcoin season will continue this year, and the bitcoin price will increase more than the price now. But selling your bitcoin now is a great idea since you are making a big profit from bitcoin. Or you can use that money to buy back bitcoin when the price is down and sell it again when the price reaches a high price.

mich

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Quote from: Houdini76 on March 10, 2021, 01:59:48 PM

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?

Thats good profits and it is easy to feel the urge to sell your BTC now and take your guaranteed profits.

But we are in the middle of a Bull run and BTC is up 12% this week and now is not a good time to sell your BTC I feel most will agree.

Lorence.xD

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If you feel like you already had a big profit margin then I think that you need to consider selling, waiting for the right time will end up with you not knowing to stop hodling and not reaping the benefits of your investment in bitcoin, again only if you feel like selling then sell it. Other thing to consider is that do you really need the money for your daily expenses because if not then you might have no use for it for awhile and you might have grown it more if you didn't sell it.

rodskee

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Quote from: Houdini76 on March 10, 2021, 01:59:48 PM

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?

don't be a greedy person you have already enough profit , from 9k you already earned multiple times so why hesitate to sell and Buy altcoins?
Check binance, litecoin and Polkadots , these 3 are the most promising and may take the rank 2 position from Ethereum as the continues High fee of this second highest coin is changing the views of investors and losing their faith.
Just make sure that you will not feel bitter once the value rise up more from your selling point because at many chances this happens again ang again and seller has nothing to do but cry.

isaac_clarke22

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Quote from: Houdini76 on March 10, 2021, 01:59:48 PM

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?

From 12k huh. I use mainly USD as my basis in checking in how much I earned already even though my local currency is PHP.
That's quite a profit already, OP.
It's more than 30k already, but from how BTC seems to move right now, it casts that hodl spell into you right now so I suggest looking critically in the price for now.
However if you really need some money, I wouldn't suggest hodling further for obvious reasons.

AniviaBtc

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Just hold your coins and if you have a spare amount of money then you should try to invest on other crypto.

There are a lot of opportunities in cryptocurrency and making the most of it is really profitable also if you handled it properly.

Time to sell BTC? It is hard to say it because all i know is that bitcoin's price will soon reach $100,000 and if that happens, that's still not enough to sell it.

Silberman

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Quote from: Houdini76 on March 10, 2021, 01:59:48 PM

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?

Why do you want to buy altcoins? Many do so because they are thinking on getting even more profits than what they get with bitcoin but this is not what happens most of the time, why risk losing your money when you are already invested not only in the best coin in the market but in the best performing asset of the last 10 years? It seems like a waste of time and money especially when it seems the bitcoin market is once again gaining momentum.

Reatim

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Quote from: Houdini76 on March 10, 2021, 01:59:48 PM

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?

If you have enough for Bitcoin then why not ?its yours so you are the one to decide what to do . But if you still trust Bitcoin that can reach 65,000$ this year then better stay them all on your wallet.
But if you have found a good altcoin and specially if those are Gems? then better to sell half of your bitcoin and maintain the other half for long term holding , I believe that the run is not yet over and there is more to come just trust and keep the faith.
because if you don't know which altcoin is best to transfer then why consider that action?
We can find more profit in this coin most specially if you are not in a need of funds so staying inside Bitcoin is the safest place and the profitable investments.

LogitechMouse

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As long as you are satisfied with your profit then you may sell anytime.

At your current position, £9000 is around 12540.56 and right now you are sitting at a x4 profit

. Right now, there is no signs that the bull market that we are seeing right now will come to an end. We may see corrections but that is just a small ones and its normal for it to happen but I don't see this bull run coming to an end anytime soon and knowing that there are some major news that are coming along the way this year like the Paypal accepting payments to merchants, these institutions slowly accumulating BTC etc, the bull run might stay for quite some time or best throughout 2021.

Now regarding to your question, if I'm on your situation I will sell a portion of it ONLY if I need to buy something like in your case altcoins. That might be a good choice but just beware. Overall, congrats to your profits

.

kaseygriffin

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Sell it if you are satisfied with the increase in price. I see you have made a profit from buying btc, but according to the current situation the market is showing new growth, I think bitcoin will soon surpass the 60k 70k....

Golftech

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If you are already satisfied with your gained and you need the money, selling your assets

is not bad, but if you are aiming for more and you are only using spare money, you can simply

keep it and store it from a safe wallet. As the value of Bitcoin may go up much higher, in the end

it will depends from how you see it as owner, you are the only one who can decide for it. take your

call according to your own assessments.

maxreish

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If you trust bitcoin you can just put it all still into it and hold it for long term. But it all depends on your decision. While it is still good to diversify your coin like selling half part of your btc and buy some potential altcoins, whatever your actions, yhe best thing is to manage them well and not too greedy if you reach your goal profit.

Since you already made some profit from that then you can just use your profit to widen your investment.

bitzizzix

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Quote from: Houdini76 on March 10, 2021, 01:59:48 PM

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 make a sizable profit buying bitcoins when the price is low, but you don't say how many bitcoins you have so no one counts your profits.
If you have a lot of bitcoins and you need them, there is nothing wrong with selling half of your profits and you still have half of your profits and capital to save, to enjoy a bigger return later this year and if bitcoin is more profitable why switch to alt.

Rengga Jati

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Quote from: Houdini76 on March 10, 2021, 01:59:48 PM

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?

Wow, you must be happy with this, holding it from the very low rate of Bitcoin.
If I were you, I will sell half of it, at least, I have had my fund back to me. ANd others are the profits and bonus for me for holding along this time. Taking profits for some of our coins sometimes is important in order not to regret it. Although we also feel sure that the BTC price may be increasing again. But for me, at least, I will secure some of them and hold some for the next Bullrun.

Nikole Fischer

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Well, it depends on the situation. If it's possible to hodl, then it's better to wait until Bitcoin pumps again (I guarantee you, this will happen). If there is no chance to hodl, then sell it. But I'd rather invest more in Bitcoin than Altcoin.

Kelvinid

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Quote from: Houdini76 on March 10, 2021, 01:59:48 PM

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?

How much profit did you get now? If you think that your profit is enough already, well, you do the sell. I'm not going to say JUST HOLD it is because I don't know your situation but it is assuming that you are in profiting now since the price is moving high.

And if you are planning to invest in altcoins, just be sure that you are choosing those coins that really have a good market performance and high liquidity. But I suggest securing your funds to BTC while the excess money is for investing altcoins. Putting our investment into 2-3 different coins is really a good idea than having all of it in just a single coin.

iq_armando

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I believe that the BTC does not take long to collapse, maybe up to $ 13,000 dlls (L 9,330) , so I recommend selling and keeping that money until the bitcoin returns to an uptrend.

I believe that buying altcoins is not convenient, because most of them go up or down with bitcoin.

verita1

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Everyone has their plans with bitcoin and making a recommendation that can satisfy you I think is not possible. Most bitcoiners are looking to buy more bitcoin and hold. I plan to hold my bitcoin for the future of my 12 and 13 year old nephews.
Although if you want to sell any amount of your bitcoin for any altcoins that offers you some ROI, it is your will.
From what I see of the big investors is that they will not sell. They are buying more bitcoin every day in order to secure the future of bitcoin and their investments.

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