Time to sell my BTC? - page 7. | Bitcointalksearch.org

matchi2011

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Quote from: MinoRaiola on March 17, 2021, 05:21:23 PM

An answer to the current market situation and the price development is not possible with certainty. If you want to sell Bitcoin, you have to gain experience and over time you will find that the price of the Internet currency changes sharply again and again. That is why you have to ask yourself the question "Sell or hold Bitcoin?"

No one can provide an accurate answer with your question, it's your money, your investment right? deciding to keep holding
or to sell will rely with your deeper understanding.

Knowing the timing and acquiring experienced from time to time will guide you, everything around this sphere needs an approriate
decision making, take time understand for the betterment of your long term engagement to this market.

MinoRaiola

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An answer to the current market situation and the price development is not possible with certainty. If you want to sell Bitcoin, you have to gain experience and over time you will find that the price of the Internet currency changes sharply again and again. That is why you have to ask yourself the question "Sell or hold Bitcoin?"

Bitstar_coin

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You have made good profit in your btc so there is nothing wrong if you decided to sell now, but it would have been better if you can keep maybe %40 and sell the rest, if btc will still hit the $100k target I don't think you want to miss out.

DeathAngel

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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 should never sell all your bitcoin, look how far we’ve come since 2009. Fiat currencies are in quick sand, why would you want to convert it all into fiat? Stay away from alts, most are crap.

ecnalubma

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Its your choice but most of the forum members might tell you to hold, but make you should base your decisions with proper understanding of the market. Make you sure that you will decide with confidence and will not blame yourself or others for a bad outcome your decision but as long as you already made profit your good.

mezzaluna

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Quote from: ropyu1978 on March 16, 2021, 10:06:00 AM

I am not longer holding bitcoin and always take short term to buy or sell bitcoin, if have chance for selling bitcoin on higher price like yesterday I will sell my bitcoin, but keep buy back when bitcoin going down. I think is better every time my earning increase and I could use for another investment and could get profit again, if keep holding on bitcoin only maybe I have been more patient waiting when bitcoin really touch higher price.

That's only logical because selling them would be profit and if that is what you see fit, then I commend you for being brave on selling them because most of the users right now wanted to stock up on their Cryptocurrencies because they are waiting for another ATH. Buying them at their dips is somewhat risky because we are not really sure if that dip is the most efficient time to stock up on Crypto's so buying them would depend on your gut feeling.

Pom_bensin

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Quote from: ropyu1978 on March 16, 2021, 10:06:00 AM

I am not longer holding bitcoin and always take short term to buy or sell bitcoin, if have chance for selling bitcoin on higher price like yesterday I will sell my bitcoin, but keep buy back when bitcoin going down. I think is better every time my earning increase and I could use for another investment and could get profit again, if keep holding on bitcoin only maybe I have been more patient waiting when bitcoin really touch higher price.

I agree with your strategy, I also implement things like that. do it when you get profit and buy when it goes down. This kind of thing is classic but minimizes the risk of loss, so instead of holding long term but getting a price trap it's better short term but running all the time

Sled

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Quote from: mbe48 on March 16, 2021, 12:07:01 PM

If you feel that you have lost an asset because you have sold at the lowest price and bought at a high price, my advice is to do Cutloss to minimize losses.
I think the current price hasn't reached its highest value yet, there are still other high prices. For that, always use the long-term method by putting some of the assets you have.

I suggest not doing it if you can able to hold it and if you believe that Bitcoin will move high again. Instead of selling it at loss, much better to buy more, it is a way of early recovery.

But if we are short-term holders, we'd rather have to grab every high opportunity to sell and buy back again once it dumps.
OP is already in the profit and the decision is good, and I do the same if I'm in his position.

Amejoaquim

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Depends, what is your goal? $60k ? $100k? or maybe $1million.

Always set your own target, so you will not lose ur opportunity to sell.

When i decided to invest on something, i always set my own target so even the price rise after i sell i will not regret it.

Tap_Global

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Well its really up to you, you've made some good profit - so selling some is okay. I would sell half and put it into altcoins, but its really up to you. Have you heard of XTP?

yohananaomi

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Quote from: Spack17 on March 16, 2021, 12:11:20 PM

You can sell some amount of it for securing your profit or you can wait more and observe the movements of the price closely. And when it starts dropping at a high pace, you can sell it to prevent yourself from going into the red. It is actually not a thing for me or any other people to give an advice as you should decide by yourself. Grin

all humans are not immune from the mistakes they make, so it is not true that they don't need advice. just a suggestion is fine even though later it is himself who will decide whether to do it or not.

Your suggestion to observe the movements carefully is the right thing and needs to be done, because it could be that the decline continues not to be hindered, so you can take actions to stem so that there is no loss that becomes even greater.

but seeing the trend of bitcoin so far, there shouldn't be excessive fear, because bitcoin has always been doing this from last year. bitcoin will continue to increase until the end of the year. If you get bitcoin results from 2018 you should let some of it go because you have made a big profit and don't be too greedy because it could be detrimental.

blockman

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Quote from: ropyu1978 on March 16, 2021, 10:06:00 AM

I am not longer holding bitcoin and always take short term to buy or sell bitcoin, if have chance for selling bitcoin on higher price like yesterday I will sell my bitcoin, but keep buy back when bitcoin going down. I think is better every time my earning increase and I could use for another investment and could get profit again, if keep holding on bitcoin only maybe I have been more patient waiting when bitcoin really touch higher price.

That's sad if you're no longer holding bitcoin. Well, you have the point about selling and making profit and being short-term on it. But it's best if you can have yourself a favor for being long-term on it.
But if the problem is about being patient then choose what you prefer and works better and you've done that already.

Bitcoinislife09

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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?

It's already a huge profit, so you could sell your bitcoin already it doesn't matter since you could always reinvest that money when the price of bitcoin dump in the future or when the bull run ends. It's difficult for a lot of investors to sell at the peak of the bull run of the bitcoin and only a few percent of investors actually do that. Maybe selling by portion could be a good thing maybe 15% every time the market price continues to pump also so could always earn a profit because you already made a good profit by holding for a long time actually. You could hold for a bit just decide on an exit strategy because for sure there will be a dump for sure or else plan to sell it on a higher price value around 200k$.

jerrison

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Seeing how bitcoin has remained in the bull nature for this lengthy period, i can only but say that you hold. People are expecting the price of bitcoin to drop to a 39k level but that is just limited to technical analysis which can be over driven by fundamental analysis. just hold.

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?

Spack17

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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 can sell some amount of it for securing your profit or you can wait more and observe the movements of the price closely. And when it starts dropping at a high pace, you can sell it to prevent yourself from going into the red. It is actually not a thing for me or any other people to give an advice as you should decide by yourself. Grin

mbe48

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If you feel that you have lost an asset because you have sold at the lowest price and bought at a high price, my advice is to do Cutloss to minimize losses.
I think the current price hasn't reached its highest value yet, there are still other high prices. For that, always use the long-term method by putting some of the assets you have.

whyrqa

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Quote from: ropyu1978 on March 16, 2021, 10:06:00 AM

I am not longer holding bitcoin and always take short term to buy or sell bitcoin, if have chance for selling bitcoin on higher price like yesterday I will sell my bitcoin, but keep buy back when bitcoin going down. I think is better every time my earning increase and I could use for another investment and could get profit again, if keep holding on bitcoin only maybe I have been more patient waiting when bitcoin really touch higher price.

of course, this approach to controlling your assets is very correct. If it is not possible to receive dividends from his asset, then he must work for himself. It is the difference in price that makes this possible, but only the user always needs to control the market, because in the cryptocurrency market everything always happens very unexpectedly. But nevertheless, by locking in your profits in the bull markets, you will be able to make constant profits when the rate changes.

ropyu1978

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I am not longer holding bitcoin and always take short term to buy or sell bitcoin, if have chance for selling bitcoin on higher price like yesterday I will sell my bitcoin, but keep buy back when bitcoin going down. I think is better every time my earning increase and I could use for another investment and could get profit again, if keep holding on bitcoin only maybe I have been more patient waiting when bitcoin really touch higher price.

Yatsan

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It is just so up to you if you are willing to sell some if your Bitcoin just to do diversification of your funds into other altcoins that you think have potential. Bitcoin is not just the only crypto that is valuable so it is still a good decision if you will be wanting to sell some of it for the sake of turning some of your funds into the altcoin section. It is a way of somehow maximizing your earning capabilities in this vast industry of crypto for it do really make sense since your aim is still to earn. Exploring other wonders of cryptocurrency is just fine as long as you are making a good choice of where you will be putting your money aside from Bitcoin.

elisabetheva

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Quote from: bandungan on March 14, 2021, 05:05:38 PM

it is okay to sell bitcoin these days. but I suggest selling 30% of your total assets, because I think you can use your other assets to be used to get bigger profits.

I agree with your way of thinking but if bitcoin is held because of the results in 2018 not because buying when it starts to increase, of course it will be different again. reasonable because it has made a profit so that it can be sold with the best possible purpose for what you will do.

now we know bitcoin continues to increase so it would be a shame if you have to sell all of it because the increase is still ongoing and we don't know how long, but it is estimated that until the end of the year it can be concluded how much bitcoin will be worth, of course you will lose if everything is released at this time.

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