The number one factor to consider when hodling a cryptocurrency is this...establish your "take profit" whenever the price gets to that level...you should seriously consider selling, despite what the market or news might be indicating.
Try as much as possible to recover your profit as fast as you can..that give u a sense of leverage and relaxation...you can sell some, recover capital then hodl some for further future profits.
Topic: When to Sell Cryptocurrency... - page 4. (Read 1081 times)
Everyone decides when to sell. I sell when the profit reaches more than 1000%. for the present there is such profit. In five years, the percentage will be less.
As I recently started I am being advised by my introducer to hold it right now. But he advised me to sell whenever I want but to make sure I am in profit. And also yes I agree and I will set a target as it crosses it I will sell them. This only goes for new tokens. And for good alts I will hold no plan of selling, didn't considered and thought about them.
I would rather make some money than nothing.
Absolutely true. Another guy mentioned to take out 10% each time it doubles which is also a good thing.
As for myself. The initial investment I like to take out in the midterm. In case crypto would be a complete failure (which I think is highly unlikely as of now) I wouldn't had lost any (fiat) money.
Differentiation is key, not only in crypto, also compared with other asset classes. In case one single coins sucks you will not take a heavy hit.
Before I make an investment in crypto I have a plan when to sell it. This can be "only" 20%, 100% etcetera. If it reaches it i will immediately realize it.
Another option I sometimes apply is: On some exchanges I adjust sell orders when the price keeps going up which gives me additional profit.
You can miss out on making money if you're too greedy because it can go up, you never sell, and then it goes back down to where you bought it from. I would rather make some money than nothing.
Even with these many scam ICO,in my own opinion,sell them while the profits are good and reinvest into another short or a project you believe will be good within the years.
50x is a rare case nowadays ,because a lot of scam ICOs are being introduced everyday.You should do some good research before joining any ICOs.
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
On the current situation of this market long tradings is possible and been worth but most people would really do short tradings specially on alts because as i do observe too that alts wont really able to give you the chance already on hitting up 50-1000x on your initial investment and if it does then it would really require for how my months or even years which would really depend on the project you did invest on. 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
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
As you said still there are some investors who invested on bitcoin in the time of 2013 and 2014. By looking for the fast profit everyone are selling their bitcoins and altcoins which has potential for future purposes.
Tokens mentioned is not that much bigger project and which is completely related blockchain.
When the time you buy the tokens or cheap altcoins you have to read their white paper and analyze that coin reach further in future or not bro.
This is all true. But in my opinion there may be a great potential for a coin, but this does not happen. Alt market relations are different. Probably there are confident predictors and magicians. They easily guess the potential. But we are ordinary people and here there is more faith in success. I think so.
Make yourself targets here. For example say that this is my target for waves or ethereum and create plans for it as an exit policy. Check my plans for waves and ethereum.
Waves: The exit price is $40 for me.
Ethereum: The exit price is $900 for me.
These are not easy targets, but still possible next years.
Waves: The exit price is $40 for me.
Ethereum: The exit price is $900 for me.
These are not easy targets, but still possible next years.
The best time to sell depends entirely on what type of investor you are. You have to balance the risk/reward ratio you'd comfortable with and apply it to your trading strategies. Some people like selling 50% of their stack when they get a 100% growth, some other people like it ride it all the way up or back down.. What kind of trader are you?
It is always depends on you when you can sell crypto currency. If you can hold good portfolio and invest for huge profitno then hold for long term. But if you want small profit (short term gain) then sell your coins when you will get 3X to 5X profit on your acctual investment. Because crypto market is very volatile. No body what can happen in next minute.
As you said one should sell their cryptocurrencies once it has increased by 50 fold the value at which you bought it. I agree with you but sometimes it may take more than a year or two for the value to increase by such a scale, but that would be worth it. Many people bought bitcoins like in 2011 or 2012 and they kept selling them when they felt bitcoin was at the highest price.
Based on something to be sure the value of a project can grow to the value you say? It takes a very long time (3-5 years or more). Not to mention many unwanted issues will arise in the future.
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.
Lol 50-10000x with crypto from the current point 
Its better to cashout when you will make quite good profit like 2x or 3x in just few months, if you will not sell crypto at peak point you might get stucked with lots of shitcoins.
Buy coins when they are undervalued, sell them on peak price during huge pump (almost every cryto have one big pump).
Its better to cashout when you will make quite good profit like 2x or 3x in just few months, if you will not sell crypto at peak point you might get stucked with lots of shitcoins.
Buy coins when they are undervalued, sell them on peak price during huge pump (almost every cryto have one big pump).
Many people do not understand this that exiting from a trade is as much important as entering the trade. To do this correctly and make money in crypto or as a matter of fact in any kind of market, you need to understand how market cycles work. A simple google search for wall street market cycle chart should give you a good idea about it.
Crypto currency has great potential. If you have no urgent need of money, do not sell your coins. It may grow to any extent. One thing I observed that do not buy or sell coins at once.
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
No this is not fair.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
You can not expect that much of gain from the altcoin in current market situation.
It happens very often in market.
If you are very ambitious you should aim for maximum 5X in my opinion.
It all depends on the market behaviour of the coin. If the market value of the coin is increasing on daily basis then keep that coin and if it is facing some decrements in the market value then sell that coin as early as possible because you never know when it will come down from what you purchased.
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