Topic: When to Sell Cryptocurrency... - page 3. (Read 1081 times)
At first you need to calculate your altcoin, How many price you buy altcoin and when you see your buy price is cross and you see some profit got your balance . It is time to sell your Crypto currency when you see your altcoin price is grow.
I am a complete fail when it comes to predicting when to sell cryptos. I should have sold some last July and if I had I would be retired now. I am thinking now to wait another year and see how things pan out for my semi retirement plan. It all depends also what your exit plan is and how much you need to make a big difference in your life and the lives of your family and friends. Just work out an exit strategy, although I am going to remain in cryptos for as long as I and they exist, just will work less hours lol, if I reach my target.
Choose the right time to sell is really hard in crypto currency. As you know, some big coins like bitcoin, Neo ,Eth need 1-2 weeks to get real price push up and you need to patient in these week to choose the right moment to sell. With small altcoins, take profit when ever its rise because that just a bump game from whale.
When the particular project in which you have invested your money have completed it's road map and it's price is at the peak than it's the correct time to sell.
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
I think that is a very high target, unless you dare keep it for a long time, maybe you will get more profit 10x - 20x.
I guess if he can wait for a long time then I will say this is fair. but like above said, it is a very high target because not all people can wait until the price reach that price and they prefer to reach little profit but it is over and over than just reach profit but they need to wait for a long time. but if he decides that he is fine to do that, then he can buy right now and just save the coins and wait until the price increase.
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
I think that is a very high target, unless you dare keep it for a long time, maybe you will get more profit 10x - 20x.
You sell when you are content with the amount of profit you can take. This will immediately tell you if you're better off holding and going for the bigger money or if you can daytrade.
It's possible to happened if we just have a patient in waiting for a long time, and it's fair. There is no problem in holding any token. It's a matter of investing, and need more patient. In a business world we need to be wise enough if we want to earn more. It's fair because it's the prices that changing, it's normal in Cryptocurrency.
Long term investments is the best choice if you have enought money to live and patient.
But some guys dont have that much time.I personally like fast investments, with a profit of 2x-5x-10x
But some guys dont have that much time.I personally like fast investments, with a profit of 2x-5x-10x
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
It's a bit fabulous growths. This rarely happens. Unless you want to keep the coins for 10 years.
Many smart investors are buying the coin he shoots at them gives you 50% they sell it and go to another, and don't put your money in a few years it is not clear whether you get your at least X10..
I now decided for myself that I will sell from X3 to X10, and to go to other projects.
Consider that the projects that did not make x3-10 is getting smaller. Most likely you will enter the project, which someone already did x3-10
This condition will only hold if you are willing to leave your investment for so many years.
I wish it was that easy but no. There are some coins in the market that stay on low prices for many many months even years. Its very hard to find sell points. But in general you should think yourself. If profit is satisfying you can leave.
Try to sell your tokens at their ath prices so that you can maximize your profits. This is the best way of selling them. Some people sell them during dumps and crashes, which is very wrong.
When you invest in something you must set some goals in mind. If you reach them then decide to carry on holding for example because you think you should change your goals then so be it ... We probably all set goals but like everything in life, we frequently have to adapt and change. Only you know when you are happy to cash out
That's the question everyone would like to have an answer to. I am afraid lots of us are to connected to crypto to sell tokens at all. I believe they will keep rising.
I wish it was that easy but no. There are some coins in the market that stay on low prices for many many months even years. Its very hard to find sell points. But in general you should think yourself. If profit is satisfying you can leave.
You have to think first when you want to take back the money you have invested. In my opinion this should be step Nr 1.
For example you could take a 25% back (of the money you've invested) if your coins make a 3x or 4x gain and continue so on.
If something is going wrong, at least you'll have the fealing you didnt lost everything.
So I suggest you to make a plan and stick to it no matter what...
For example you could take a 25% back (of the money you've invested) if your coins make a 3x or 4x gain and continue so on.
If something is going wrong, at least you'll have the fealing you didnt lost everything.
So I suggest you to make a plan and stick to it no matter what...
To the best of my knowledge, I think cryptocurrency should be sold when the market is stable and not when it is fluctuating. From previous experiences when people dispose their coin today the next day the value might just go up.The trading price should also be considered, it should not be sold when the price is very low to avoid loss of investment.
Sometimes people sell their coins because they are in need of money desperately.
Otherwise it's best to sell if your coin has made reasonable profits of like 400% and above and you see it beginning to dip.
You sell then so you take some profits and then you can buy back at the lows
Otherwise it's best to sell if your coin has made reasonable profits of like 400% and above and you see it beginning to dip.
You sell then so you take some profits and then you can buy back at the lows
it depends what you feel about the coin price reaches its peak before people dumping it down but if your holding a coin its best to sell the coin from 1 - 2 years from now because thats how holding works. 50 times of its price before selling the coin would take you more than 2 year plus depending what coin your investing to.
that's called long-term investment, because if we make long-term investments ,, in 1-2-year digital currency is the minimum time period obtained .. because if you want to find your coins to be 20-100x .. 5-10 years will be the best time period you have to do .. that's when you will become one of the successful people from the purchase of digital currency 
Many beginners sell the cryptocurrency after entering the market. This is not correct, because in the early days of the cryptocurrency very vulnerable in the market. Offer more than the demand and it and it starts to lose value. Because of this, many new firms can't normally finish your project. So now popular production of a large number of tokens. If the firm holds in the market is good, it allows you to get more profit with their tokens, so early sales are highly undesirable
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