When is the perfect time to sell BTC? - page 4.

SaShiRaJaVu

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Quote from: JollyGood on January 04, 2020, 02:25:42 PM

The OP last logged in around 2 days ago which was around 10 days after creating this thread but he never returned to participate after reading the flurry of posts.

He is overwhelmed with the response and he is more confused now with all the different responses Cheesy

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@OP
There is no perfect time to sell any asset and that is the reality, it all depends upon individual cases when you invest and the target you have in mind, which mean for anyone to invest in any asset you need to have a target and if you have that basic understanding corresponding to the market you will not be having this doubt .

piebeyb

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Quote from: Rebelbd on December 23, 2019, 03:20:56 AM

I am holding BTC from long time ago. And this time BTC going up can I sell now with this price? Or I can wait for more days?

if you bought it at $ 3000 at the beginning of 2019, maybe it's been profitable for you to sell it now, but you might have seen today's bitcoin prices go up, if I were you right now maybe I didn't sell it, but it all depends on you, whether you want to sell it or hold it back, why not try to hold it for another year, who knows the price will increase and you won't feel in vain waiting for another year

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Quote from: Pinkris128 on January 08, 2020, 06:14:56 AM

Quote from: Rebelbd on December 23, 2019, 03:20:56 AM

I am holding BTC from long time ago. And this time BTC going up can I sell now with this price? Or I can wait for more days?

To be honest, it depends to you on what would be the right time to sell your bitcoins because there are some people who sell their bitcoins if we are facing a bear market to avoid huge losses and some who sell their bitcoin if we are facing a bull market to earn good profit. But for me the right time to sell your bitcoins if it started to move up to it's all time high, then i will buy bitcoin again if it's price started to go down again.

Knowing when to sell your coins is probably one of the most important skills that any trader needs to have, and it is one that is incredibly difficult to acquire.

Most people concentrate themselves on the moment they enter the market but there are some traders that have made experiments and one interesting thing that they found out is that it doesn't really matter that much when you enter any market but when you get out and that is a personal decision that every single trader needs to take because the circumstances of everyone are different.

Pinkris128

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Quote from: Rebelbd on December 23, 2019, 03:20:56 AM

I am holding BTC from long time ago. And this time BTC going up can I sell now with this price? Or I can wait for more days?

To be honest, it depends to you on what would be the right time to sell your bitcoins because there are some people who sell their bitcoins if we are facing a bear market to avoid huge losses and some who sell their bitcoin if we are facing a bull market to earn good profit. But for me the right time to sell your bitcoins if it started to move up to it's all time high, then i will buy bitcoin again if it's price started to go down again.

d3nz

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I think its when the value start rising again and the best target price to sell at $10,000 and we need to make sure that we'll not be left behind of bullrun. That's one we need to always have a target price and stop-loss in case the price plummet suddenly.

And i think the value of Bitcoin will surely rise until the day of halving.

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Quote from: JimboToronto on January 04, 2020, 11:16:33 AM

The perfect time to sell is only when you absolutely must.

Wouldn't you rather be holding a nest egg of Bitcoin rather than a depreciating asset like fiat currencies?

We could argue about that.

Here's some possible answers.

1. The best time to sell is never. Many of us are not traders and we do not buy BTC, but earn it. Some of us would prefer to spend it then sell it.
2. Sell it when you are at a life-changing profit. For one of you it will be a profit allowing you to buy a dream car, for another to start a company, for someone else to start a business.
3. Sell it when you are certain there will be no regrets. If you feel like another 10% might be important for your financial future, don't sell it.
4. As long as you have fiat money and nothing to spend it on don't sell. Don't go all fiat just because you're scared, or because you feel like fiat is better, that's dumb. Go fiat when you have something to spend it on.

BartS

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Quote from: Inkdatar on January 03, 2020, 10:03:27 PM

When you think you gained enough profit then it’s time to sell. Since price cannot be predicted when it can increase you have to decide at what price is your goal to sell. Perfecting timing is when you see you are earning already. So setting goal could also help before you invest in bitcoin.

But many investor always greed when they have get enough profit butt keep holding until bitcoin back to lower price, when we feel enough and reach with selling target I think will sell my bitcoin investing although have higher price later, keep safety my investment is most important although raised with my profit target and keep doing the same with altcoin investing.

And it is because of this reason I do not like to base my decisions on my feelings, as traders we are always going to want to make more money if we did not had that desire then we will not be interested in investing in any market.

And this still leaves the question open, how to know when to sell and for the most part I let the market tell me what to do, if it begins to go down there is no point for my to keep holding a position that is already profitable and I will sell my coins.

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Quote from: Ayiranorea on January 03, 2020, 05:10:10 PM

Quote from: jossiel on January 03, 2020, 05:02:03 PM

Everyone doesn't want to sell at the price that we're not satisfied.

Setting yourself with that perfect price and that perfect timing must be depending on your own thought. But it seems that everyone is waiting until the end of the year up to 2021 for that perfect price which will be triggered after the halving and we'll see it if it will happen.

We the small volume bitcoin holders were the one waiting for much larger time period to sell at an increased price. Right now halving is much focused and every decision related to bitcoin is now being taken relative to it. To reach target takes time, and sometimes out of luck it'll be reached in a short. Good is to follow the large volume holders practice of selling at small difference from the buying and once again buy back low.

You can follow them as you want but you should also have your game plan and don't depend to them most of the time. If it's just for selling, it can be done at anytime as you wish but the timing and profitability depends on you.

JollyGood

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Quote from: Rebelbd on December 23, 2019, 03:20:56 AM

I am holding BTC from long time ago. And this time BTC going up can I sell now with this price? Or I can wait for more days?

The OP last logged in around 2 days ago which was around 10 days after creating this thread but he never returned to participate after reading the flurry of posts.

rijaljun

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Quote from: Rebelbd on December 23, 2019, 03:20:56 AM

I am holding BTC from long time ago. And this time BTC going up can I sell now with this price? Or I can wait for more days?

I will advice you with general things. If you are going to do short-term or mid-term trading, you may look at the technical analysis or the chart itself. You can do it like weekly chart or monthly chart to get a safe Investment as Bitcoin isn't always moving significantly at the moment. In other side, if you are going to do a long-term trading, you may look the 4 years chart as you may know one year after halving is always a good time to sell your Bitcoin or making money through ping-pong game. For now, I would recommend to do long-term trading and watch the price closely after the halving but it is all your decision. Last but not least, don't be greedy! Sometimes small profit is better than putting too much risk for doubtful big profit.

hendra147

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Quote from: Rebelbd on December 23, 2019, 03:20:56 AM

I am holding BTC from long time ago. And this time BTC going up can I sell now with this price? Or I can wait for more days?

may i know when you buy it? if you buy 5years ago, you can sell it now, but if you buy after last halving, better you waiting the bitcoin halving this year, and sell it in december 2020. i think the price of bitcoin will be rising after haling event.

JimboToronto

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You're never too old to think young.

The perfect time to sell is only when you absolutely must.

Wouldn't you rather be holding a nest egg of Bitcoin rather than a depreciating asset like fiat currencies?

johant123

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Quote from: Hypnosis00 on January 04, 2020, 10:55:58 AM

Perfect time to sell Bitcoin? It sounds familiar and most people are asking for this but the answer is, it's up to you. A person who can decide what is best and would the right thing to do is a smart person. It is wiser to sell when you are already at a profit and that is we called a perfect time to sell.

I'm struggling with the same ... my brain says, initial investment plus 25% is already stretching it (since I started DCA'ing last summer, I am not at break even point yet), but of course there's the little voice that says "what if it would rise much more?".

Is selling in batches (e.g. 50% of the profit, each time you have earned 10%) a good advice? Or is that too conservative in the long term?

ReiMomo

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Quote from: Hypnosis00 on January 04, 2020, 10:55:58 AM

Perfect time to sell Bitcoin? It sounds familiar and most people are asking for this but the answer is, it's up to you. A person who can decide what is best and would the right thing to do is a smart person. It is wiser to sell when you are already at a profit and that is we called a perfect time to sell.

I agree with this when you say the perfect time to sell at least you will know that your profit was there and then sell for it as you want. No one probably sells their bitcoin at a lowest price from the time they bought it. But if I were you, dont sell your bitcoin as long as you don't need, sounds like greed but let us talk about reality. Just wait until it will be doubled or triple the price.

Hypnosis00

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Quote from: d3nz on January 03, 2020, 09:04:03 PM

It's time to sell when you think you gain profit and you have a target price to sell, because if you wait for the price to pump up more then it's not gonna happen.

And we're all the same brain and we think that if the price is at stable and not moving then you can see if it's going up or down depend on the trend and also in global news.

May some of us are the same thought for the incoming but can't deny that still, a few are being hopeless for the current price.

Perfect time to sell Bitcoin? It sounds familiar and most people are asking for this but the answer is, it's up to you. A person who can decide what is best and would the right thing to do is a smart person. It is wiser to sell when you are already at a profit and that is we called a perfect time to sell.

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Quote from: Inkdatar on January 03, 2020, 10:03:27 PM

When you think you gained enough profit then it’s time to sell. Since price cannot be predicted when it can increase you have to decide at what price is your goal to sell. Perfecting timing is when you see you are earning already. So setting goal could also help before you invest in bitcoin.

But many investor always greed when they have get enough profit butt keep holding until bitcoin back to lower price, when we feel enough and reach with selling target I think will sell my bitcoin investing although have higher price later, keep safety my investment is most important although raised with my profit target and keep doing the same with altcoin investing.

humans are never satisfied, they always want to get a big profit, for example when he sells at $10k, then the price continues to rise, of course, he will buy again in the hope that prices will continue to increase to $20k. maybe selling some of it when prices increase is a good choice, so when prices continue to increase you have no regrets.

Inkdatar

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When you think you gained enough profit then it’s time to sell. Since price cannot be predicted when it can increase you have to decide at what price is your goal to sell. Perfecting timing is when you see you are earning already. So setting goal could also help before you invest in bitcoin.

d3nz

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It's time to sell when you think you gain profit and you have a target price to sell, because if you wait for the price to pump up more then it's not gonna happen.

And we're all the same brain and we think that if the price is at stable and not moving then you can see if it's going up or down depend on the trend and also in global news.

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Quote from: Rebelbd on December 23, 2019, 03:20:56 AM

I am holding BTC from long time ago. And this time BTC going up can I sell now with this price? Or I can wait for more days?

Only by theory, the ideal time to sell is in the Distribution stage, only that moment must be determined, generally when the price reaches a new ATH, that ideally, but going to reality you have to observe a set of elements that can give an idea to do it, you have to review the volume, supply and demand, in my case, I usually apply Wyckoff's theory, which, for me, is one of the best applicable to the market.

What is sought is to sell at that stage because it is when it is more expensive (where millionaires sell) and the idea is that after selling buy cheap at the stage of Market Accumulation (Where you buy cheaper), it all depends on the Trader or investor experience to do it at the best time.

Hypnosis00

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I suggest sticking to your preference. If you are satisfied with a 1% profit, then you'll have to sell it now. Don't push yourself to believe that everything will be fine here. Not necessarily we all just keep on holding unless you have the reason also. Profit will matter in a different situation, we can either make 5% gains today but it most likely different by tomorrow. Grab what the chances we have because that is the only we gain more in trading.

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