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Topic: When to sell?!? - page 2. (Read 212 times)

legendary
Activity: 3010
Merit: 1280
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November 13, 2024, 11:41:04 AM
#6
So with the recent spike in BTC price (and other ALT coins) when is a good time to sell?

As usual when you are in profit, but make sure not to be greedy and be realistic in your selling price goal.  There are lots of people who got burned and end up waiting for another cycle because they got too greedy and hold their stash instead of selling them for profit.


Also is it worth selling the BTC shares and then rebuying when it dips again?

The spike of BTC price will probably continue until next year, when it reaches its cycle price peak.  I don't see anything wrong on taking profit and rebuying when Bitcoin dips but be cautious about the timing since the timing determines how much your profit will be.
legendary
Activity: 2534
Merit: 1713
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November 13, 2024, 11:38:49 AM
#5
This is the age old question whether it relates to crypto or to traditional stocks and shares. When people find themselves in profit they are in profit on paper only, it does not become real unless they make the sale to profit from their investment. I am sure we all are familiar with the notion if you sell too late then you get less profit but if sell too early you might regret it. I suppose it all depends on your own instincts.

So with the recent spike in BTC price (and other ALT coins) when is a good time to sell?
hero member
Activity: 3038
Merit: 634
November 13, 2024, 11:34:27 AM
#4
So with the recent spike in BTC price (and other ALT coins) when is a good time to sell?

Im particuarly interested in ALT coins as I would be keen to sell these off and invest in BTC or ETH. The ALT coins I have invested in:

TRX
TRON
AAVE
Cardano
Lumen
File Coin
EOS
Polkadot
Sell now if you think that you've decided already and it's final to buy BTC or ETH. Look at how the market goes crazy with BTC and it's moving so crazily.

You've diversified too much and this is why we've been telling everyone to buy BTC as much as you can be. Too much diversification will make you FOMO.

Also is it worth selling the BTC shares and then rebuying when it dips again?
Yes.
legendary
Activity: 1722
Merit: 5937
November 13, 2024, 11:30:40 AM
#3
when is a good time to sell?
When you are in profit.  Tongue


Also is it worth selling the BTC shares and then rebuying when it dips again?
Sure it is, but "selling high buying low" is much harder than it seems and in majority of cases people end up doing the opposite. So, unless you are an experienced trader, just stick to hodling what you have otherwise you might end up having less bitcoin that you initially had. 
hero member
Activity: 882
Merit: 578
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November 13, 2024, 11:24:04 AM
#2
So with the recent spike in BTC price (and other ALT coins) when is a good time to sell?

Im particuarly interested in ALT coins as I would be keen to sell these off and invest in BTC or ETH. The ALT coins I have invested in:

TRX
TRON
AAVE
Cardano
Lumen
File Coin
EOS
Polkadot

Also is it worth selling the BTC shares and then rebuying when it dips again?
I will advice you to sell your altcoins in your bag as soon as you see profit and invest all the money into bitcoin. You can see for yourself how the price of bitcoin is pumping and currently, the price is $93k. This should be a good reason for you not to sell those bitcoin you already have because in future, bitcoin price will go to the moon. Selling and buying back is good, if you are lucky to do it right but I don't like such practice, since it makes you have the mindset of a trader. Instead, continue buying more bitcoin to the ones you already have for the increment of your portfolio. The future of bitcoin is very bright.
newbie
Activity: 21
Merit: 2
November 13, 2024, 10:57:29 AM
#1
So with the recent spike in BTC price (and other ALT coins) when is a good time to sell?

Im particuarly interested in ALT coins as I would be keen to sell these off and invest in BTC or ETH. The ALT coins I have invested in:

TRX
TRON
AAVE
Cardano
Lumen
File Coin
EOS
Polkadot

Also is it worth selling the BTC shares and then rebuying when it dips again?
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