Topic: When do you think it will be a good moment to sell some of my bitcoin? - page 2. (Read 379 times)
November 17, 2020, 07:14:03 PM
No one can tell you when there's a good moment to buy or sell Bitcoin, if they could, they would have already been millionaires and didn't waste their time sitting on this forum. From past experience, there's a lot of excamples of Bitcoin's future price being both over-estimated and underestimated. When Bitcoin costed a few dollars, or even hundreds of dollars, few could imagine 5 figure prices, but then when we were getting close to the ATH, people thought that we'll stop at $100k or $300k. Same happens now - only a tiny amounts of people will correctly predict the outcome of this rally, and probably just randomly, rather than because they are actually good at it. So, don't worry about it.
November 17, 2020, 03:37:17 PM
You have to get some profits from your stash and it's a good decision to sell some if you are firm with it. You can sell it on any price if it goes a bit higher for the next few days but you haven't mentioned how much was the price when you've bought it or since you are holding it.
$18k could be a good price for you if you are unsure which price to start selling. Well, just do it and don't look back when you've already sold it and enjoy the money you patiently held way back those bearish times.
$18k could be a good price for you if you are unsure which price to start selling. Well, just do it and don't look back when you've already sold it and enjoy the money you patiently held way back those bearish times.
November 17, 2020, 03:19:24 PM
I've been thinking a lot about this lately.
I have been Hodling for some years and I always thought that when we reached an ATH again I would sell some of it. So that would be around $20,000. I am supposing here that bitcoin won't have a major correction from now on until we pass that mark. What I think is that when we get closer to that mark many people will sell, but there will be many more people trying to buy, so I don't think there will be a major correction until the price clearly exceeds it.
I have to say that I am only planning to sell part of it as price increases but also to keep holding. So, please refrain from answers like: "better not to sell anything". That option is out of the question. I'm going to sell some and that's it.
So, when do you think it will be a good time? I know it is a difficult question because it's just trying to time the market.
I would like to hear some rational arguments about when it would be better to sell a part and why.
I have been Hodling for some years and I always thought that when we reached an ATH again I would sell some of it. So that would be around $20,000. I am supposing here that bitcoin won't have a major correction from now on until we pass that mark. What I think is that when we get closer to that mark many people will sell, but there will be many more people trying to buy, so I don't think there will be a major correction until the price clearly exceeds it.
I have to say that I am only planning to sell part of it as price increases but also to keep holding. So, please refrain from answers like: "better not to sell anything". That option is out of the question. I'm going to sell some and that's it.
So, when do you think it will be a good time? I know it is a difficult question because it's just trying to time the market.
I would like to hear some rational arguments about when it would be better to sell a part and why.
1.) Sorry, but better not to sell...
In fact, why did you decide to sell? After all, if you keep coins for several years, then it turns out that you can afford to do it further.2.) Divide the amount you decide to sell (for example, 10% of your bank - 10 bitcoins) into 20 equal parts and sell every 3 days (or you can choose a longer period). In this way you will sell at a good average price. You won't get the maximum profit, but you won't get the maximum loss either. It is a reliable exit strategy.
November 17, 2020, 03:18:29 PM
Don't sell according the price. Sell according to your need.
You want to buy something? Sell just as much as you need to pay for it and leave the rest in Bitcoin until you need to buy something else.
By all means enjoy your wealth. Just don't waste it on fiat currencies.
You want to buy something? Sell just as much as you need to pay for it and leave the rest in Bitcoin until you need to buy something else.
By all means enjoy your wealth. Just don't waste it on fiat currencies.
November 17, 2020, 03:15:26 PM
So, when do you think it will be a good time? I know it is a difficult question because it's just trying to time the market.
I would like to hear some rational arguments about when it would be better to sell a part and why.
I would like to hear some rational arguments about when it would be better to sell a part and why.
Its your choice because its your money after all and if you do look that the current price is already enough for you to sell then do it.Dont depend on someones tips and recommendation
yet we are the only ones who knew on what price we had entered in the market and if you do see gains then it would be always wise for you to sell off for profit.It just depend on
how you gonna handle out your own portfolio and that what matter most and as long you do see greens or gains then you're just fight.
Sell if you can and Hold the rest if that is your main plan.
November 17, 2020, 03:13:22 PM
When do you think it will be a good moment to sell some of my bitcoin?
Dont spend anything before $50k After that simply buy things you will need in next few years. So you will be able to buy Bitcoin in bear market instead of spend it on needed things.
November 17, 2020, 03:05:46 PM
I've been thinking a lot about this lately.
I have been Hodling for some years and I always thought that when we reached an ATH again I would sell some of it. So that would be around $20,000. I am supposing here that bitcoin won't have a major correction from now on until we pass that mark. What I think is that when we get closer to that mark many people will sell, but there will be many more people trying to buy, so I don't think there will be a major correction until the price clearly exceeds it.
I have been Hodling for some years and I always thought that when we reached an ATH again I would sell some of it. So that would be around $20,000. I am supposing here that bitcoin won't have a major correction from now on until we pass that mark. What I think is that when we get closer to that mark many people will sell, but there will be many more people trying to buy, so I don't think there will be a major correction until the price clearly exceeds it.
In strong bull markets, price often overshoots major technical or psychological resistances like the ATH before supply puts a lid on price. Bitcoin, being a very illiquid market, is especially prone to that. If you'll recall in 2017, BTC reversed a few bucks above the 2013 ATH before a 37% decline in January. Then in March, it pumped 15% above the old ATH before another 34% decline back below it. Not saying it'll happen exactly that way the next time around, but it's important to be prepared for similar price action.
I don't recommend selling in that area unless you plan to buy back shortly after. Once price gets marked up above the 2017 ATH for good (not just a short-lived wick above like January or March 2017) then price is going to go parabolic. It'll be tough to get your coins back if you hesitate to buy back.
In the short term though, if I were to ballpark it, $18-22K is an attractive sell zone. Definitely a good area to take profit on longs if nothing else. Long vs. short ratio and funding rates as we approach the old ATH should also give us some indication when a top is coming. For now the technicals and sentiment still show plenty of room for upside.
November 17, 2020, 02:37:29 PM
I'm only panning on selling around 5% in the near future, the other 95% I'll be hodling long-term. I've been moving a stop loss upwards since $14.3 that's now at $15,875. Therefore if this Week price reverses a creates a long doji sell candle, I'll be taking a very small amount of profit, with the intent to put around 0.75% back per week after that. This would be a drop >10% from recent high, that I think would yield lower levels somewhere between $12-14K.
I wouldn't recommend selling much, if you're going to sell.
I wouldn't recommend selling much, if you're going to sell.
November 17, 2020, 01:39:23 PM
I like to compare the previous run in 2016 to this one in 2020, not that those events will play out the same but there are some similarities. With that in mind we could see a strong break of the ATH in the coming weeks in this bull season and perhaps pump to $22-25k with a sharp sell off to back test support. We will be back testing eventually but it is a question of when and if that answer is after the ath break then it will be an insane ride throughout 2021.
November 17, 2020, 01:01:19 PM
Sell it anytime and buy it back when it is cheaper. Bitcoin tends to go up and down and you can catch a lot in those waves. The special thing about Bitcoin is that it will only go up unless it is replaced with something more popular due to decreasing availability.
November 17, 2020, 12:36:57 PM
$20k is the biggest target for most traders right now, because everyone has the same strategy to sell at the $20k mark, hence some traders will put a big wall to sell at ~$19,8k. or a number close to that before the correction between 20% - 30% occurred. So, if you worry bitcoin can't make to $20k, sell a portion at ~$19,5k-$19,9k.
But I believe bitcoin is capable to surpass $20k by the end of November and reach $25k at the end of December, preferably to aim for $22k if something going wrong. Always check the Relative Strength Index (RSI) and Bitcoin Fear & Greed Index before decide to sell your coins.
But I believe bitcoin is capable to surpass $20k by the end of November and reach $25k at the end of December, preferably to aim for $22k if something going wrong. Always check the Relative Strength Index (RSI) and Bitcoin Fear & Greed Index before decide to sell your coins.
November 17, 2020, 12:17:28 PM
As a long term HODLer, I would recommend to keep your money for more than this small amount, I am talking about $50k or more. But if you are planning to sell, I would recommend to sell in every step, I mean sell now for $17.5 then later for $18k then $18.5k, $19k... I should mention that you will regret doing both, holding or selling, since if you sell some coins for $20k you will regret doing it when bitcoin becomes $25k. Also if you hold it then you will regret doing it when the price crashes below $11-13k. Of course I am talking about short term mainly.
Tl;dr: make a plan and do not look in your back.
Tl;dr: make a plan and do not look in your back.
November 17, 2020, 11:52:01 AM
You could wait for the news to come out about it going over the ath and see what you think when that comes.
I'd say if it looks like a large run up then you might want to drop your coins fairly fast (eg more than $2k in a day). If we do get a decisive break to quite a bit higher tjough you could place a stop loss at 20k and hold that...
If it's going steady at a few hundred bucks a day or something I'd rather wait for 24-30k but that's just me...
I'd say if it looks like a large run up then you might want to drop your coins fairly fast (eg more than $2k in a day). If we do get a decisive break to quite a bit higher tjough you could place a stop loss at 20k and hold that...
If it's going steady at a few hundred bucks a day or something I'd rather wait for 24-30k but that's just me...
November 17, 2020, 11:49:07 AM
Forget timing the market. Time yourself.
Set an amount in fiat that will fulfill all of your requirements along with the proportion of your BTC you're willing to give up to get it. When it reaches those figures then sell it regardless of what the market is looking like.
If you are in any way hesitant then you have clearly not settled on the amounts you're comfortable with.
Set an amount in fiat that will fulfill all of your requirements along with the proportion of your BTC you're willing to give up to get it. When it reaches those figures then sell it regardless of what the market is looking like.
If you are in any way hesitant then you have clearly not settled on the amounts you're comfortable with.
November 17, 2020, 11:29:41 AM
I've been thinking a lot about this lately.
I have been Hodling for some years and I always thought that when we reached an ATH again I would sell some of it. So that would be around $20,000. I am supposing here that bitcoin won't have a major correction from now on until we pass that mark. What I think is that when we get closer to that mark many people will sell, but there will be many more people trying to buy, so I don't think there will be a major correction until the price clearly exceeds it.
I have to say that I am only planning to sell part of it as price increases but also to keep holding. So, please refrain from answers like: "better not to sell anything". That option is out of the question. I'm going to sell some and that's it.
So, when do you think it will be a good time? I know it is a difficult question because it's just trying to time the market.
I would like to hear some rational arguments about when it would be better to sell a part and why.
I have been Hodling for some years and I always thought that when we reached an ATH again I would sell some of it. So that would be around $20,000. I am supposing here that bitcoin won't have a major correction from now on until we pass that mark. What I think is that when we get closer to that mark many people will sell, but there will be many more people trying to buy, so I don't think there will be a major correction until the price clearly exceeds it.
I have to say that I am only planning to sell part of it as price increases but also to keep holding. So, please refrain from answers like: "better not to sell anything". That option is out of the question. I'm going to sell some and that's it.
So, when do you think it will be a good time? I know it is a difficult question because it's just trying to time the market.
I would like to hear some rational arguments about when it would be better to sell a part and why.
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