Topic: We all know when to buy, but when do you sell? (Read 1742 times)
Sell your USD, EUR, etc now (buy bitcoin) and never look back! Why would you want the constantly depreciating USD, EUR, etc?
"We all know when to buy, but when do you sell?"
Apparently not any time in the last week.
Apparently not any time in the last week.
Of course there are signs of a top...
One being Bearish Divergence. It shows a slowing of momentum and strength in the trend.
One being Bearish Divergence. It shows a slowing of momentum and strength in the trend.
Sell when 1D RSIstoch goes below the 80 line after being above it for more than a day when the market is moving. By moving, I mean having increased by at least 30% since it was last below the 20 line. After I sell, I wait for the market to go down below the 20 line again, then I buy.
These strategies (and most others) work sometimes but they don't work consistently enough to return a profit longterm. You will loose money longterm because of false signals.
But it's always more fun to learn it by doing...
ya.ya.yo!
Of course there is no answer. This market is definitely PRIMED for a huge bear trap if we see another run up however. I recall reading large investment institutions have investigated bitcoin and due to its low market cap cannot take it into consideration until it hits about $400. So if we ran up to that point most here would expect a mass sell-off but you must consider the possibility of new entrants with HUGE capital entering the market-space as it goes higher....
This is a brilliant post. I think it underlines why I didn't even contemplate selling when the price first hit $200. (Not to mention that I'm mostly crap at trading the bitcoin/fiat crosses; I have done much better flipping altcoins; litecoin has been good to me in the past.)
+tip byronbb some amount of µBTC some time soonish
Personal strategy (be prepared for extreme noobishness):
Sell when 1D RSIstoch goes below the 80 line after being above it for more than a day when the market is moving. By moving, I mean having increased by at least 30% since it was last below the 20 line. After I sell, I wait for the market to go down below the 20 line again, then I buy.
No, its not a daytrading strategy, but my general goal is "buy and hold but increase your holdings through a quick flip once and a while." The basic concept is trying to hitch onto market corrections when the market is breaking a trend. If you aren't catching a trend-break, it doesn't work too great in my experience.
Sell when 1D RSIstoch goes below the 80 line after being above it for more than a day when the market is moving. By moving, I mean having increased by at least 30% since it was last below the 20 line. After I sell, I wait for the market to go down below the 20 line again, then I buy.
No, its not a daytrading strategy, but my general goal is "buy and hold but increase your holdings through a quick flip once and a while." The basic concept is trying to hitch onto market corrections when the market is breaking a trend. If you aren't catching a trend-break, it doesn't work too great in my experience.
There is a way to pull this off but it requires the invention of time travel.
Of course there are signs of a top...
One being Bearish Divergence. It shows a slowing of momentum and strength in the trend.
This is using MACD and RSI. There are other indicators that tell the same story, too.
One being Bearish Divergence. It shows a slowing of momentum and strength in the trend.
This is using MACD and RSI. There are other indicators that tell the same story, too.
Of course there is no answer. This market is definitely PRIMED for a huge bear trap if we see another run up however. I recall reading large investment institutions have investigated bitcoin and due to its low market cap cannot take it into consideration until it hits about $400. So if we ran up to that point most here would expect a mass sell-off but you must consider the possibility of new entrants with HUGE capital entering the market-space as it goes higher....
Of course there are no clear indications when to sell. Trading Bitcoin is extremely risky because of the volatility. Going short is even more risky as the price of BTC (against fiat) is in a longterm upward trend (adoption based growth).
It's the same as with futures/stock trading: The majority of traders loses money. If someone actually did have some magic prediction model he would'nt tell you, because the more people know about it the less likely it will continue to work.
ya.ya.yo!
It's the same as with futures/stock trading: The majority of traders loses money. If someone actually did have some magic prediction model he would'nt tell you, because the more people know about it the less likely it will continue to work.
ya.ya.yo!
I don't understand this mentality to increase your bitcoin holding by trading (or much more accurate would be gambling). If we think that bitcoin will be revolution for money, then its price will be very big in few years. Which means that its not too big difference if you will have 100 or 200 bitcoins because you will be rich anyway.
If you think that you can make 100 bitcoin starting with 1 then good luck to you.
But if you will be too greedy, then you may even end with half of the bitcoins you started with - that is why to me best option is to just hold, use and buy more when they are cheap.
I understand your argument but it is off-topic. If you think that you can make 100 bitcoin starting with 1 then good luck to you.
But if you will be too greedy, then you may even end with half of the bitcoins you started with - that is why to me best option is to just hold, use and buy more when they are cheap.
Sell at 130 - buy at 100. 
(Bitstamp)
(Bitstamp)
I don't understand this mentality to increase your bitcoin holding by trading (or much more accurate would be gambling). If we think that bitcoin will be revolution for money, then its price will be very big in few years. Which means that its not too big difference if you will have 100 or 200 bitcoins because you will be rich anyway.
If you think that you can make 100 bitcoin starting with 1 then good luck to you.
But if you will be too greedy, then you may even end with half of the bitcoins you started with - that is why to me best option is to just hold, use and buy more when they are cheap.
If you think that you can make 100 bitcoin starting with 1 then good luck to you.
But if you will be too greedy, then you may even end with half of the bitcoins you started with - that is why to me best option is to just hold, use and buy more when they are cheap.
You just sell a little per month, so there is always more left in your wallet than there was before you spent.
It is all luck. You can be right nine times then make one mistake and negate everything. Nothing but a gamble.
Succesfull trading takes time, experience and good analys. There is no simple magic way you can use to sell at high point
When everyone is buying! That's the best time to sell!
people usually check high point for it.
Normally, a reasonable way is +/- 5 dollars. Try not to trace the highest as there is evidence to say that you will fail at the highest point. Just not to be too greedy.
Normally, a reasonable way is +/- 5 dollars. Try not to trace the highest as there is evidence to say that you will fail at the highest point. Just not to be too greedy.
Don't be greedy, sell some on the way up. Get the dollars to buy when there's a panic crash.
Trying to time the market is a fool's game. I just sell a portion of my coins whenever the price goes up. The higher the price goes, the more I sell. Then when the price crashes, I point and laugh at everyone who tried and failed to predict it.
Should just make this a poll, then -10 from whatever the most popular choice is.
My question isn't "how high is this rally going" but "what information do you look at to predict a reversal". I suppose a poll about how high this rally is going could also be created (perhaps in a separate thread).Jump to: