Topic: When to Sell Cryptocurrency... (Read 1081 times)
Generally it is true. To get the max profit you should ideally try to sell your coin before the it starts to fall. It's a very hard thing to catch that time span and most of the time you can not sell at the best time possible. To sell at the right time you need luck or some inside knowledge about that coin . For example if you know the coin has ended one of it's important agreements and you get this info from employees , you can sell the coin just before they annouce .
I think decide to sell a cryptocurrency is not an easy thing. Because, sometimes, despite the high price, holding can bring incredible profits.
I agree with you, it`s really hard to buy coins, which can TO THE MOON, it`s losing of money! I sold EOS, now I regret it.
Don`t think that all coins can do X50 or x100. Personally for me the best moment to sell - x10. And don`t sell ALL tokens. Sell 1/2 or 1/3 at one time!
I think decide to sell a cryptocurrency is not an easy thing. Because, sometimes, despite the high price, holding can bring incredible profits.
I agree with you, it`s really hard to buy coins, which can TO THE MOON, it`s losing of money! I sold EOS, now I regret it. 
If you come to realize how many people regret by not investing on bitcoin, others regret by selling it in a rush then you will come to a point that it takes patience if you want a massive profit. If I were you, I would just hold them a little bit longer and wait for the price to increase. To avoid temptation of selling, consider them as donations, with that in mind, you will not think about getting profit, go back when th price is high enough for you. Always resist the temptation of selling your crypto coins.
I think decide to sell a cryptocurrency is not an easy thing. Because, sometimes, despite the high price, holding can bring incredible profits.
Always have track on the market value of bitcoins and specially on the share market of the company so that if the coin rate increases then you can sell it and achieve a great profit but as long as you have bitcoin with you it will definately increase. So hold it for a long time it will give great profit.
Apparently, I am such an investor who bought coins for a long time. It just happened that at the moment almost all the coins that I bought in the summer now are cheaper than when I bought them, if you look at the ratio of altcoin- bitcoin. I do not sell anything, I'm just waiting! 
Just Bitcoin has grown too high and many coins unfortunately now cost very cheaply. You just have to wait until they grow in price. If the coins are promising, then they will surely bring profit.
Hi there!
I recently learned that, ideally, you should only sell cryptocurrency once its value has increased by a factor of 50-1000.
In other words, if I buy $100 worth of TWINKLES (as an investment), I should only consider selling once they're worth $5000-$100000 (50-1000 times the original investment).
Would you say this is fair?
Thanks in advance for your comments! :-)
Michael
I recently learned that, ideally, you should only sell cryptocurrency once its value has increased by a factor of 50-1000.
In other words, if I buy $100 worth of TWINKLES (as an investment), I should only consider selling once they're worth $5000-$100000 (50-1000 times the original investment).
Would you say this is fair?
Thanks in advance for your comments! :-)
Michael
Although the numbers you are talking about are pretty high amd ambitious, it is pretty logical. Of course every investor wants big profits. I mean, who doesn't right? But the thing is, asking for too much can be the one that makes you lose a lot than earn a lot. So if you are aiming for these kind of profits, make sure that you are investing on the right project. Not just on a project that is raising a you a lot of profit due to pumps and dumps. Although these are food coins/tokens for trading, it isn't something that gives you as much profit for less work or no work at all. So i advice you to reduce your greed if you do not know yet how to choose projects that can give you those profits you are wishing for. And yeah, gain more experience. Because sometimes, things go unexpectedly fucked or great here in the crypto world.
Hi there!
I recently learned that, ideally, you should only sell cryptocurrency once its value has increased by a factor of 50-1000.
In other words, if I buy $100 worth of TWINKLES (as an investment), I should only consider selling once they're worth $5000-$100000 (50-1000 times the original investment).
Would you say this is fair?
Thanks in advance for your comments! :-)
Michael
I recently learned that, ideally, you should only sell cryptocurrency once its value has increased by a factor of 50-1000.
In other words, if I buy $100 worth of TWINKLES (as an investment), I should only consider selling once they're worth $5000-$100000 (50-1000 times the original investment).
Would you say this is fair?
Thanks in advance for your comments! :-)
Michael
We can't say all crypto will make price increase with the time some coins will lose its value by the time also,so you need to pick a potential coin if you are expecting 50times profit of your investment.If you buy a shit oin then wait for to make 50 times profit then you have to wait for forever.So invest on loin like LTC which is cheaper now but in future the price will increase.I don't think your choice is good so sell your coin and buy some potential coin.
You cant really say that to all the coins,. If you are talking about bitcoin and ethereum, maybe you can do that. But if you mean the other altcoins, there are no guarantees that your coin will increase that much, worst it might die. Some coins are better disposed while they still being pumped.
I always use the partial selling system. For example if I buy X coins at 1$, I'd like to set the following sell orders:
50% at $2
25% at $4
another 25% I'd like to hodl.
You can change proportions and price levels in depending on your risk strategy.
50% at $2
25% at $4
another 25% I'd like to hodl.
You can change proportions and price levels in depending on your risk strategy.
Buy coins when they undervalued. Like i did with ripple and deeponion. Riple costs double now. Waithing for deeponion price to hike. Sell then when they are in peak
I sell my alts when the price is the peak,and i buyback it back when it dips.
It is a personal preference tbh. I would suggest on selling coins within 2-4 months after purchasing it. It will give you a significant profit by then
the crypto market is very unstable so before invest in it, i always have my target price so when it reach to the target i will sell to have my profit but also protect my money from risks of dropping price. so this way is safer then just holding until it reach to the top to sell but the profit is lower.
As a trader you need to have your desired target of praise raise because without setting desired target it is not possible till then you have to hold the coins until your target is reached.
I sell the coins when i get 10-15% profits and buy back when it dips so hard thats the basics of trading crypto.
I will sell it when the price of the cryptocurrency coin has shown a very good movement and also experienced how much percentage. because altcoin will fall when bitcoin rises. and I always wait for the moment to ride altcoin to sell it.
Investment is always a risk. So I think that part of the profit should be fixed before. Not to wait a few years. It is unknown how the market will behave next. But if you withdraw their, the rest of the coins let it grow
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