Topic: When is the right time to sell (Read 258 times)

Yiu don don already use your hand make the your question easier for an answer because, for this bitcoin investment as I dey usually talk am, time to take profit dey subjective depending on the investor's social-economic circumstance at hand.

Like you talk am, situation go fit make person take profit prematurely, some other people na fear or impatient. But certainly, time to take profit na for bulk run when the bitcoin price don the go to a new ATH, and as it don the go to a new ATH nah you go decide when be your own ATH to withdraw and not for you to wait for the market ATH.  The truth be say no just dey greedy for excess profit.

The BTC investment is best if long term holding practice is adopted but it depends on the investor base on the short term investment as some investors prefer short term. Selling of BTC by investor if truly he meet it's target but I believe some don't even sell at point if target Base on poor planning before venturing into BTC investment some sell as a result of FOMO as dip do occur emotional instability by investor can leads to selling off, look at all this Factor it's only investor that can best determine it best selling time, but speaking general view holding for Long term is actually best and during bull run where ATH is attained.

As you tok for your thread everybody get their different investment goal meaning say my investment goal dey different from your own.Buh since your dey ask when be the right time to sell,the right time to sell na when you don make more profit from your investment portfolio.Bitcoin market get two season bearish and bullish season, during the bullish season your profit go double times ten,so with the high return in price my dear Bitcoin enthusiast dat time na the right time to reap from your investment or maybe you wan keep am till the next bearish season.

Personally, I believe say there is no perfect time for selling, No time dey perfect because it has to do with subjectivity or perception about the market or your needs.

My perfect time no fit be your own perfect time and your own no fit be my own, na so E just be. Most people go say na when you reach your expected profit while sometimes person no dey even reach him own expected profit, so if you hit at least an additional profit to your capital I believe say e dey durable to take profit. Weytin we dey talk about na money and for sure e no dey do person even if you see 1k profit today you go believe say the market fit double come make you 2k again tomorrow that's why I say it's subjective.

Dem say another man food na another man poison, your sell time and my own no fit be the same. So I go advise you say once you don hit profit whether e dey satisfiable or not in order not to loss totally you go better take the little you don see. Half bread is better than none na here e dey apply well, you rather manage the little than no see any one at all. The volatility of the market no be small thing.

Just like you have said, selling is based on individual option. I've seen cases were investor is seriously in need of money and he has a lot of crypto asset that can pay the bills but still determine to hold and he keep looking for alternative means to get the money. Where we also have some impatient investors that sells asset anytime money is needed.

This is one of the devastated circumstances to find Nigeria and the government just folding their arms watching the country gradually hearing the sond. We do have our best time to sell but we should make sure we're on stable running profits. You're no longer a newbie in the market because you're currently making good use of the technical analysis which is great aides for those that's equipped with such outstanding trading skill. The market is simple for everyone, just understand the system and reciprocate the exert same energy to people either for the ones that needs it or the ones that completely don't.

Omo I feel say the sell totally dey dependent on the investor, investor fit dey one tight condition, way him need funds badly and maybe no option dey, so the next thing na for him to sell him coins to raise money.
Some people too fit still sell based on say them don hold for too long, so for them it's time to take their profit because of huge return on investment. Omo person no dey just dey sell him coins way him don dey hold for years, na except say something dey involved. So for me the selling dey solely on the individual differences.

Op this question na very simple to answer questions personally you know when to buy something and when to sell that thing again if you dey do business. Now selling of bitcoin does not mean say you must seel am at the all time high. It you can sell when you k ow say you don make profit. Example. If you buy day before yesterday and when bitcoin was $56k and you hodle it till today as bitcoin hit $62k and when you k ow that you doneke profit then you can sell it and take you profits.

In other words, there is no time set aside for selling Bitcoin as far as you don get profit from the investment then you are free to sell.

Triggering positions does suit for a well strategies formulation. We have possibilities of either making it to the top level or remain dormant in a position which on the other hand is not encouraging.  Everyone have set their TP and SL (Take-Profit and Stop-Loss) in the market and they entirely knows what they're signing up for when they finally trigger trading positions. We're traders and we watch out for the potential dangers and risks involved in our trades, we just have to stay safe and push for more brilliant results for purpose to continue pushing.

Talking about the right time to sell bitcoin, to me the question is just like asking when be the right time to chop and the answer na, we no get right to chop because pesin fit eat now the next 30 minutes hungry catch am like say en been never chop before and when hungry catch you, definitely you go find something chop but normally we know say the right time (specific time) to chop na morning, afternoon and night but because of how e take dey happen e no come dey necessary to dey chop in this manner. Likewise bitcoin we know say normally na after bull run we suppose sell because the coin don reach em apex and e no fit increase again instead na to come down, but because of small small issues wey pesin go get fit make them sell anytime or maybe pesin fit just change mind because him feel say the coin no go do well for the main time etc all these things fit make pesin sell en coin and e no actually concern anybody because na en money en use buy the coin and na en choice. In summary, I feel there's never a right time to sell coin but if you should sell, sell when you are on profit.

For me, whichever way wey peso choose to sell their bitcoin na the best way for them as long as sae they are comfortable with it, and they gat no issue with it, so long as they are not selling at a loss price.

Upon that, I think sae the majority of us, have the different times wey dem go like sell their bitcoin, and they are good with such plan. Wetin dem go d wait and pray for, na make their plan for bitcoin reach so that them go sell at profit. As for my own case, I go prefer to sell my own bitcoin when em enter bull, preferably in 2025 when the price don increase wella

The thing is everyone will definitely have their options or opinions on when to sell but there is no best time to sell it depends on you. The only perfect time to sell is when in profits. Some people set price target and to me it is better than setting a time frame on when to take the profit. When you set a price tag you don’t need to worry more about the fall of price because you already have conviction of the coin.

The one thing again is for a comfortable holding and to reach your profit target without panic you need to invest in a coin that you have strong conviction and also invest an amount you can afford to hold for a very long term or can afford to lose

I believe say every investor wey invest in bitcoin get the purpose a d reason why them dey invest in bitcoin, and na that go determine when the person go like to sell him coins. Some buy bitcoin to trade and some buy to hodli for some duration of time. However the best time to always cash out or sell your bitcoin na for the bull run. You need to get price target wey be say if bitcoin reach that price you sell. If you dey sell, no sell allof your investment but keep some wey you go still dey hodli for future because to get bitcoin na blessing.

When your selling time don reach, make you sell in different price interval, for example you won sell $2000 worth of bitcoin, you fit sell am $500 for different price level. Like if bitcoin reach 90k,you sell 500usd worth, if he reach 95k, you sell another 500usd worth just like that. So selling time dey the investor hand because na your money.

You fit still read this thread to get braid knowledge on how to withdraw your bitcoin if you don reach your bitcoin target by JJG. Ideas of sustainable withdrawal

Bitcoin investment has a short term and a long term categories of investors and so also their goals differs.
Before anyone would invest in this bitcoin investment, you must understand that bitcoin is not a conventional or commercial investment where investors can manipulate the market to achieve their goals of interest.

First we must understand that bicoin investment is such a nature of investment with a volatile potentials holding its rate of values dependent on the demands and supplies which basically is the marketing strategies that determines if the value would either appreciate or depreciates.
So right there, if the value of Investors assets as bitcoin precisely has never appreciated to offer profits and then the investor is handy or impatient to keep holding their assets until the price pushes up, then apparently such investor would be tantamount to face lost That's really why it's usually said that long term investors are on the safer stance of making good profits.

So the period of time by which investors can sell their Coins depends on their investment goal and at their handy needy if there's no alternative source of income which basically is effective to the short term investors while long term investors remains unpanick until a specific period to reach their investment goal.

I guess bull season is the best season, to sell to  make a good profits from your hodling because it will make the price of BTC to pump higher to make the price in circulation for the whole world to know that the season to accumulate profits has occur in the market.

And, both short term hodlers and long term hodlers use to make a good profits from this bull run because it will create opportunity that will make those hodlers, that has been hodling to achieve their goal and to have strong confidence on bull run anytime.

I will advise you to sell your coins during bull run op, because it will make you to see reason why you should sell your coins during the bull run to make profits, before the bear season will come back to the market for people to begin to buy again and hodl for another bull run to come.

The matter be say everybody get wetin him wan achieve from him investment and na wetin de mostly determine the time when you go wan sell your Bitcoin. I know say most people de mostly talk about not selling too fast but the truth be say th decision to sell at any particular point in time de mostly dependent on your choice. All of us here na nija we de and apart from our snr men when don Tay for the system and when fit don get better things when de fetch them money, e no de always de easy for us to keep our Bitcoin Tey before thinking of selling it and using the proceeds to take settle one or two matter.

But if you get the means to still do long term holding, e go still make sense to be hold am because with the way Bitcoin price take de go, e de certain say if you fit keep am for a long time and try de add up on the quantity you don buy, with time your Bitcoin when you don try hold fit save you in the future. You know from one angle, buying and holding Bitcoin for be one way to prepare for your retirement as you no go de stranded when you no go fit get the strength to de hustle like the way you de take hustle now. You fit de take am say you go get one portfolio when you no go ever touch regardless of wetin sup and say you go keep am till you reach a particular age before you touch, e normally get plenty advantage but outside of that, if you get real urgency when you need use your Bitcoin do and you no get alternative apart from the Bitcoin when you get, e no get as e wan be na, you gat sell your Bitcoin use sort out your self.

Op, every business has their concepts, before we can talk about selling, we have to buy first and keep holding which is the main profitable way to follow in line with this business, as we already know premature sellers are seen as fast profit chasers and in Bitcoin this method is frowned at, bitcoin is a good asset to invest if only you understand how it works and how to follow up, though price at different stages can tempt an investor to withraw but one tbing is clear, bitcoin value remain the same no matter the market instabilty and volatility, the market instaiblity most times draws attention of individuals who has not been part of this investment.

We should also understand that investment withdrawal selling  decision is personal, let not seek the advise of anyone wether to withdraw or invest, in whatever investment more expecially Bitcoin, we should learn how to make decisions on our own because personal decision surpass other peoples opinion toward ones investment, though once you notice that's you are satisfied with the profit you have made so far, you can withdraw your profit then leave your capital to continue doing the needful for you for time to come.

For an investor who know what to do in seems more easy compared to other newly investors. From my thought, selling has no limit so anyone can decide to sell at anytime depending on their decision but it’s best an investor plan and set a goal or guide that can help cause the moment an investor don’t understand the basic ideas  about investing they’ll get confuse like the op used lack of emergency funds, reserve funds etc, this can cause an investor selling quickly when it’s not yet time so I will consider this as wrong and bad. Selling has a different strategy that’s why when most people talk about when to sell I believe they’ve gotten a proper knowledge how to take out profit. from what I learnt take out your profit when you’ve gotten a mature portfolio and secondly you can decide to withdraw gradually and go for some other investment depends on your choice.

For me no time be the best time to sell. Bitcoin investment and selling time differs from people and their endurance limit. Some people na traders wey dey buy when price dip and sell when em rise. And the rise and fall fit be in daily basis. Some people dey buy during bearish season and sell during bull run. Some dey target to buy on DCA every week for as long dem know say dem fit buy, hoping to meet up to target of how many fraction of bitcoin dem fit buy and how long dem go fit HODL am before them sell am. Sum dey also by anytime the price dip as a form of lump-sum.  In conclusion no fixed time to sell. selling time depends on when you chose to sell wey E go suit your body. And mind you, no think say every advice dem dey give for this forum about 20 to 30 year na must. Because even me no fit HODL bitcoin reach that time wey JJG dey talk like that. We all know say E no dey possible for black man expecially we wey no get enough for our portfolio. Make we no dey follow wetting people dey talk about Investment come dey bother ourself. Some of this men dem wey dey advise us na multimillioner wey even if them say dem wan keep 10 bitcoin for portfolio for 30 years E no go worry them. If you come dey reason there talk you dey on your own. Just buy wetting you ft afford and sell when your mind tell you to.

Actually if we want talk about the general time wey dey good to sell coins, na the highest of bull run wey be say price don really hit the top and don enter overbought level, that time na im good to sell because the next thing wey go happen na dropping me so e better to cash out before dropping start to happen. But, because say e no easy to really know when the price go really begin fall, so every body suppose get their individual selling time wey be say dem think say it is nice for them them to jump out with their profit or sometimes self some people dey jump out without the profit because of fear. So it is individual base according to wetin you dey see for the market price and other news around too about the coin.


Omo me I no too support to dey hodl coin till eternity. Every season dey get bull and bear and that means the coin wey person hodl dey rise during bull, so why not take the profit for that time before it will go down in your wallet then another season go come and the same thing go happen till 10 years while some people dey cash out their profit at intervals.