When to sell bitcoin before the next bear market starts? - page 6.

Darker45

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Quote from: paid2 on February 08, 2023, 09:44:38 PM

To answer quickly, I would like to say : sell when BTC hit new ATH Grin

Uh-uh, even this is easier said than done. According to Coingecko, the ATH is $69,044.77. Does it mean to say that by the time Bitcoin's price reached $69,050.00, it's already selling time? I don't think so. So when is selling time? $70,000, $80,000, $100,000? We cannot tell. But if you're good enough that you've already made profit, then selling beyond the ATH is good. But don't fret if months after selling, the price continued to rise 20% or more.

You have to take note that the halving's full effect on Bitcoin's price happens at least a year from the halving itself. And the growth is considerable you wouldn't want to miss it. The peak of the growth every after halving is significantly higher than its halving price. So a new ATH is probably a low selling point.

mk4

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No one knows what the best time would be. Because if we knew, we'd all be rich already. Obviously markets don't work that way; and if everyone had a price target of selling and the price target is close to each other, bitcoin would immediately crash from that pricepoint.

Dave1

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Quote from: kiddex on February 08, 2023, 07:57:16 PM

Ok so this is a little down the road from here but assuming after the next halving and bitcoin goes into another bull run, when would be a good time to sell?i have already went through a couple of bull runs and bear markets but i didnt sell and take profits. I would like to sell before the next bear market to take profits this time.

So if bitcoin's cycles remain true, when roughly would be the start of the next bear market after the 2024 halving and bull run for a good time to sell. Can this be predicted somewhat? For all you TA guys when would be a good time to sell just to give me an idea? Thanks.

We are still in the middle of the bear market and yet you are asking when you sell your bitcoin?

You should just continue to accumulate at this point and not thinking of selling. Besides, the next bull run might take it's shape around 2024-2025.

And with that said, I don't think that anyone can predict how the market is going to move, we don't have the crystal ball to make such predictions.

bitzizzix

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As you mentioned, you've missed bull runs and bear markets before, and my question is do you realize you've missed them because the truth is the market isn't that easy to predict. So I would answer I don't know, and I don't know where the market is going next, and it could go up and it could go down and anything could happen because of some unknown factor.
and my advice is better hold your coin or bitcoin when there is a decline or and take advantage of this decline to accumulate and hold it, because if you believe the market or bitcoin will go back up even though you don't know for sure. There's nothing wrong with you taking advantage of this moment and when the price goes up you can sell it, and be patient so that you sell at the right time and are also very profitable.

BlackBoss_

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Quote from: kiddex on February 08, 2023, 07:57:16 PM

Ok so this is a little down the road from here but assuming after the next halving and bitcoin goes into another bull run, when would be a good time to sell?i have already went through a couple of bull runs and bear markets but i didnt sell and take profits.

You should take profit with each bull run and if not taking all, you can sell part of your portfolio to get profit. However, it depends on your time budget as well as your financial budget for your life. If you don't have enough money reserve for your life, you will have to sell your coins when you need money even in bear market.

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I would like to sell before the next bear market to take profits this time.

This bear market has yet over so it is so early to talk about a next bear market.

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So if bitcoin's cycles remain true, when roughly would be the start of the next bear market after the 2024 halving and bull run for a good time to sell. Can this be predicted somewhat?

Usually, you can consider to take profit about 3 months up to 6 months after Bitcoin breaks out and start to make a new bull run and find its new all time high. Don't want to take profit at all time highs because we can not see future. So if you can take profit at good price, enjoy it and move on.

paid2

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To answer quickly, I would like to say : sell when BTC hit new ATH Grin

Nobody can predict the price of BTC, otherwise things would be too easy! Grin

Each holder has in mind his resale target, there are even some maximalists who always and still say 1 BTC = 1 BTC and who will not resell in theory. I am sure you could find some of them on the forum Wink

Depending on the price you bought it, it's up to you to determine how much you hope to resell your BTC, and especially: how long you are ready to hold them. Everything is a question of patience, as you probably already know Cheesy

Determining a selling price randomly is clearly not possible, we are not clairvoyant, nor do we have the ability to travel in time...

In any case you can always try to determine a resale range that will be to your advantage, but even with that, you will never have the guarantee that BTC will reach it in itself
Why would you trust the "expertise" from randoms on internet ? It is your investment, and you probably have your own goals

AverageGlabella

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Do you know a a fortune teller? If you do I would go ask them because their answer is going to be as accurate as anyone else here. it will be 1 of the only times a fortune teller will be as accurate. No one on this forum or in the world can accurately tell you when to buy or sell btc. That comes with experience but you are not going to do it at the perfect moment. If people knew how to do that all the traders on WO or the Economy board would be rich. We are not. We look at charts to the best of our ability but we only speculate. Anyone that claims to know the best time to sell is lying and should not be trusted.

I recommend that you set a goal like $30000 and sell when that has been reached. Do not worry about losing out as long as you have made a profit that you are happy with. Set a goal that you will be happy with selling at. if you do not want to sell all your btc and want to keep some in it set a goal and only take 10%, 20% out. There is a method called dollar cost averaging that a lot of veteran traders will recommend because it is the safest way to accumulate btc and sell for profit but it is not fool proof. I will not explain it here because there is a lot of topics about it. Use the search on the forum or Google.

kiddex

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Ok so this is a little down the road from here but assuming after the next halving and bitcoin goes into another bull run, when would be a good time to sell?i have already went through a couple of bull runs and bear markets but i didnt sell and take profits. I would like to sell before the next bear market to take profits this time.

So if bitcoin's cycles remain true, when roughly would be the start of the next bear market after the 2024 halving and bull run for a good time to sell. Can this be predicted somewhat? For all you TA guys when would be a good time to sell just to give me an idea? Thanks.

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