Altcoins Talks - Cryptocurrency Forum
Learning & News => For Beginners => Basic Questions about Cryptos => Topic started by: Richardokpuwa on November 06, 2024, 12:15:16 PM
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How do I know when to sell my crypto coins when the market rising and dropping rates are not stable?
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Coins are sold in exchange. I dont really know what coin you want to sell reason because for Bitcoin you can decide to sell on decentralized or a centralized exchanges.. but for altcoins you sell or buy them on centralized exchanges.. for centralized we have like binance, bybit and others depending on those that offers service in your country..
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If it is bitcoin, I do not think this is the right time to sell it yet. I still think that the price of bitcoin will still increase. This is not the last ATH. Bitcoin is still likely going to $100000. Wait until second half of 2025.
If it is altcoins, you know that they are very risky. If you make enough profit already, it is better you sell them. They are not easy to predict. They can start to fall at anytime and not getting back to their ATH.
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How do I know when to sell my crypto coins when the market rising and dropping rates are not stable?
The market can be stable or moving up while you still be in profits you know. There are people that bought Since January and right now are in nice profit, more than 100% of what they have made and some people has invested in some other altcoins that has given them nice significant profits, only you can tell if you can risk holding it more or sell.
In my one opinion, the market is having some kind of momentum because Trump seems to be winning the election and that was expected but don't be caught unaware, if the market make a good run, sell them gradually until you have nothing because nobody is going to tell you exactly where the run will stop.
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How do I know when to sell my crypto coins when the market rising and dropping rates are not stable?
I think _act_ has provided the necessary information. At this very point, we're experiencing some bullish bitcoin price movement even before the United state's presidential election was concluded, so selling bitcoin at this point might not be a good ideal because of bitcoin's potential to reaching $80-100K.
While observing bitcoin's recent bullish movement, some altcoins experienced similar movement, but at some point, stopped responding. You might want to trade your alts this point, but you have to be cautious because you might be trapped in between. Just don't put yourself on the losing side.
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How do I know when to sell my crypto coins when the market rising and dropping rates are not stable?
You can never see stable price until it becomes past so if you want to sell your crypto then set a target price, let's say you bought at 50K and you will sell when it reaches 100K no matter how long it takes and the margin is subjective according to your needs and plans. Without target price, you will be blindfolded, you will be chasing the market that will turn things upside down.
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How do I know when to sell my crypto coins when the market rising and dropping rates are not stable?
Two things: we are selling our coins to cut our losses and when we realized our profit, so its really up to you when you do you have to cut your losses and when do you realize your profit, you need to have an insight because if you have an insight you can set the line between selling and keeping your coin, its all about getting updates on what's happening in the market.
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As long as you intend to make a profit and you can sell it at a higher price than your purchase price, that's enough, right? At least you don't suffer a loss there, that's very lucky... but if your concept is that you want to get the biggest profit, by looking for the peak of a price, then be careful... because the highest point will only be known after we pass it... the habit of greedy humans is very dangerous, so make sure you can control your greed.
Sell at the current price if you have made a profit, because that's what you're looking for, right?
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The essence of investing is to make profits, sell when you think your coins have appreciated to that point when you make reasonable profit. I have a price target at which i intend to sell my coins, if you have a target too, wait and sell when you reach that target..
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How do I know when to sell my crypto coins when the market rising and dropping rates are not stable?
That's what you call volatility, so I'm not sure if your really do your homework on crypto though as this is one nature of it, prices drop or rise very quick. And with that, you should observed the market as it goes, maybe you are a short term investor and wanted to make a quick flip and profit instantly. But it's really hard to time the market, maybe the best thing for you is to have a fix amount of profit, let's say 5%-10%. So if you hit that numbers then you might want to consider selling your crypto to make that ROI of yours.
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You sell when you need to.
Don't simply look at numbers and prices because you cannot reliably determine when the peak and the trough are going to be at. It's just going to stress you out.
So like I said, just sell when you need some cash. Whenever you have something urgent that needs to be paid for - sell. Need to buy something - sell. That's it really. Chasing small gains is not important unless you do arbitrage.
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How do I know when to sell my crypto coins when the market rising and dropping rates are not stable?
you can use patterns and tools to help you make your decision on when to sell or even buy but even with these tools there is no sure guarantee of you making the right decision it is just a way to make sure you are doing the best possible decision available
no matter what method you use to analyze a market, your decision is not 100% sure sometimes you sell but it still rises or sometimes you buy and it still drops but it is what it is sometimes you need to stand by your decision
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How do I know when to sell my crypto coins when the market rising and dropping rates are not stable?
You are in a good position to decide when to sell your assets because, as I understand it, you may have set a target profit before you begin investing, and if you have meet that profit point, you can sell it. However, if you are holding Bitcoin, I would advise you to exercise patience and hold onto it until 2025 because many investors are still anticipating that the price of bitcoin is going to increase to $100,000 or higher, which could allow you to make a greater profit than you currently have, but the final decision is truly yours.
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Don't be carried away with the little increase in bitcoin price and feel it is time for you to take profit. There is a bigger profit ahead, by next year Q1, we exoect to see bitcoin price at 100k and above. I think that is the best time for you to take profit. However, for you not to miss out due to anxiety, it is better that you set a price target for yourself when to take profit in different prices.
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Op since you general cryptocurrency and not a particular coin therefore you need a target price to sell your coins. And also the time you buy the coin will also determine the time you will sell your coins. If you buy bitcoin at the time of $50+k then you are good to sell now but if you determine to wait for a more profitable time to come then it is better and that was why I said you should have a targeted period to sell them.
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How do I know when to sell my crypto coins when the market rising and dropping rates are not stable?
If you think you have made enough profit in that specific coin then you must exit the trade and should not wait for another second or don't get greedy I tell you I invested 70$ in NOT and they became 270$ in few days and I was too greedy that I thought it will move further up and instead of booking the profit I waited and lost the opportunity and now a few days ago in an emergency I have to sell those same tokens for $80.
The point is never to be late when you think the profit is enough for you as you can't become rich and fully financially independent in your life with just one trade.
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How do I know when to sell my crypto coins when the market rising and dropping rates are not stable?
If you think you have made enough profit in that specific coin then you must exit the trade and should not wait for another second or don't get greedy I tell you I invested 70$ in NOT and they became 270$ in few days and I was too greedy that I thought it will move further up and instead of booking the profit I waited and lost the opportunity and now a few days ago in an emergency I have to sell those same tokens for $80.
The point is never to be late when you think the profit is enough for you as you can't become rich and fully financially independent in your life with just one trade.
Right, sometimes we really don't need to complicate things though, if we have like $50-$100 profits, that should be good enough for taking. And then you try to reinvest or trade it out again to make money out of your own money. And if you have this kind of thoughts, then there is going to be abundance it your end. Greedy is not that bad, but it takes practice and patience as well and some extreme luck to be able to used it to fuel more money. But as I have said, if you like passive income, then don't be greedy and take everything when you are in the positive already.
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How do I know when to sell my crypto coins when the market rising and dropping rates are not stable?
If you think you have made enough profit in that specific coin then you must exit the trade and should not wait for another second or don't get greedy I tell you I invested 70$ in NOT and they became 270$ in few days and I was too greedy that I thought it will move further up and instead of booking the profit I waited and lost the opportunity and now a few days ago in an emergency I have to sell those same tokens for $80.
The point is never to be late when you think the profit is enough for you as you can't become rich and fully financially independent in your life with just one trade.
Profit is profit and this is something that you should really be considering out on which its really that important on the moment that you do invest into something, unless if you are really that aiming for long term then it wont really be an issue but if you do have some specific date then it will really be that up to you whether you do sell out or not. There are really just those individuals
who do tend to hold for long years and there are ones who do tend to make some short trades or a specific period. This is why it will really be that varying on how you would be deciding
on things on when you would really be selling out.
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How do I know when to sell my crypto coins when the market rising and dropping rates are not stable?
When you know to sell your coin is completely depends on your strategy and analysis.
What I wanted to say that if you are a newbie in trading and don't know about the analysis like the fundamental analysis and technical analysisyou should have learned how to do analysis and also learn the money management and also the the psychological game on the trading market then you will automatically know when you should to sell your coin or when you should buy.
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Profit is profit and this is something that you should really be considering out on which its really that important on the moment that you do invest into something, unless if you are really that aiming for long term then it wont really be an issue but if you do have some specific date then it will really be that up to you whether you do sell out or not. There are really just those individuals
who do tend to hold for long years and there are ones who do tend to make some short trades or a specific period. This is why it will really be that varying on how you would be deciding
on things on when you would really be selling out.
Yeah proper time and proper plan must be in place when we are making investments I don't think investing in alts for long time is a thing if they are then we have to wait for a long time and for a miracle or some good development made in that token otherwise it won't be going up anytime soon I have invested in many alts for short term but ended up holding them for long term because I bought at the wrong time hehe.
Now sold them few weeks ago due to some need and now all of those coins are pumping which really hurt me now haha. Well what we can do, it is what it is, we should not regret on what we lost now but we must learn from it so we won't make the same mistake in future. Long term investment made from the start with the same mindset won't create problems even if you bought at the wrong time but short term trades sure create problems.
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How do I know when to sell my crypto coins when the market rising and dropping rates are not stable?
The first question that you need to ask yourself first is that are you in profit or not? If you are in profit, it's left for you to know whether it's significant for you enough to sell or keep holding until your target is reached. Don't forget that your profit can double and at the same time, it can vanish because no coin is guaranteed of going up forever and no coin is guarante of going down forever, the choice is yours to make.
In addition, nobody in this forum that is wizard enough to tell you about the next step of the market, they can only speculate which can be wrong or right.
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In addition, nobody in this forum that is wizard enough to tell you about the next step of the market, they can only speculate which can be wrong or right.
It is not financial advice and never ask whether to sell or not and it is clear enough that such a question should not be asked to others because the investment made is at your own risk.
When to sell is of course when you have made a profit or reached the target price you want to achieve, but sometimes some people are not satisfied with the sale because the profit is small, but it is better than selling when the price drops and doing a Cut Loss because it is too panicked.
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How do I know when to sell my crypto coins when the market rising and dropping rates are not stable?
There's no such thing as "perfect time" to sell your cryptocurrencies. It's all about your strategy, and the price selling target that you set.
Like you said, cryptocurrencies are volatile (except for stablecoins of course), that's why we don't know when the perfect time is to sell your coins. There's always a chance that either, the price of the coin goes up after you sell your coins, or the price of the coin goes down after you sell your coins. What's important as an investor is "YOU MADE PROFIT OFF OF YOUR INVESTMENTS". It doesn't matter how much or when you sold it. What matters is you made profit from it.
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How do I know when to sell my crypto coins when the market rising and dropping rates are not stable?
You have to decide when to sell your coins by yourself, nobody here is going to tell you exactly when you should sell your coins.
It may be good to set yourself a target and maybe when that target is reached, you can sell. However, you are also talking about 'crypto coins', and there are so many cryptocurrencies, but many of them are not even worth holding.
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It may be good to set yourself a target and maybe when that target is reached, you can sell. However, you are also talking about 'crypto coins', and there are so many cryptocurrencies, but many of them are not even worth holding.
Actually, it does have to be on target, and sometimes individual targets will be quite different from each other. Unless the main target is the ATH of the coin, maybe there will be a range that is not too far.
But I agree with the target setting:
- The point is to still set a reasonable target so as not to be too greedy.
- Set a target price where you are sure to get profit from the targeted price, but once again it must be reasonable and not greedy.
- Follow the development of crypto news so you can know whether crypto is in an uptrend or downtrend.
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How do I know when to sell my crypto coins when the market rising and dropping rates are not stable?
I guess we are still in the bull season and the market is still showing it's strength of an uptrend. I guess the dropping rate for now isn't heavy especially the likes of BTC..
It touched an ATH of about $93k yesterday and now it's struggling around $89k.
If you are a holder of BTC and looking for a perfect time of selling, then I'll advice you to keep on HODL till it gets to the target of $100k.
But on the other hand, if you are holding any Alts then you definitely have to DYOR and place a target price on when you would be willing to sell off.
And note, if you feel you've gotten much profits and you are satisfied with it... You can likely sell off, don't feel too greedy with the market.. because at most time of waiting for a particular price during a particular period of time without taking the profits already acquired, the market may show you it's red side... Probably the bearish colour.
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The point is to still set a reasonable target so as not to be too greedy.
Yeah, it has to be a realistic target, some people buy crypto and set unrealistic targets, or they allow their greed to get the better of them and fall for a scam that is obvious, because the offer is too good to be true. It is always good to keep things simple, lower ones expectation and know what is realistic and what is not.
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The point is to still set a reasonable target so as not to be too greedy.
Yeah, it has to be a realistic target, some people buy crypto and set unrealistic targets, or they allow their greed to get the better of them and fall for a scam that is obvious, because the offer is too good to be true. It is always good to keep things simple, lower ones expectation and know what is realistic and what is not.
The point is here, realistic targets as our basis in setting price targets for coins that we will not profit from. And of course it's about taking profits, not because of panic and then panic selling at any price. That's why we have to be mentally prepared before investing. Not only that, of course we should follow the trend and news that is developing. For example, the news informs that BTC will reach $ 100k, at least we can set some at $ 99.4k or more, if I choose not to be exactly at their target number, but below the target, a little. And also other coins, the mechanism is quite similar, the realistic target.
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Selling when you want to take profit means you have to sell it when the price is above the purchase price. A rational person will see the opportunity and be more realistic, because in fact, the bearish moment will only be known after the bullish is over ... so people who are too greedy (holding too long and expecting greater profits from the bullish market) have a bad possibility if they eventually miss the selling moment.
If your goal is short term, then your focus is on price and short term profits... but if your goal is long term investment, then you have to be sure of its fundamentals and make sure that in the future it will provide big profits.
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Yeah, it has to be a realistic target, some people buy crypto and set unrealistic targets, or they allow their greed to get the better of them and fall for a scam that is obvious, because the offer is too good to be true. It is always good to keep things simple, lower ones expectation and know what is realistic and what is not.
This is mostly common amongst naive newbies, those that fail to do their due diligence before delving into a project. I’ve seen several newbies fall for this obvious scams that disguise themselves to be the next big project in the crypto sphere, and due to chasing hypes and FOMO, they end up investing in those projects because of the high returns they offer to their investors (which are obviously fake) and these naive ones, probably due to their inexperience in conducting research or maybe they’re just too lazy to do so, they delve in with so much high and unrealistic expectations And then they end up losing everything.
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Determining the right market to sell cryptocurrency to invest in is very difficult. But you have to set a price within yourself that once reached, doesn't stop you from selling. I set a price to sell my bitcoins I set $93k and from there I sold my bitcoins even though I had previously estimated to sell my investment at $80k to $90k but as $80k bitcoins came in it was 95k I placed a sell order at $100k but when I found it a bit risky to get there I sold $93,000. But at this time if you think it is very good to sell then you can sell it if the price falls a bit from here you can re-invest Bitcoin and wait for 2025 because the price is expected to increase in 2025.
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Determining the right market to sell cryptocurrency to invest in is very difficult. But you have to set a price within yourself that once reached, doesn't stop you from selling.
It is good to do that, but i don't think it is good to sell all of your BTC's. You can sell some of it, you can liquidate some of it and put it in other investments like gold or real estate, but i believe BTC is a valuable asset that one should always have some of it. However, if it is altcoins, you can sell it all once you get profit.
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Determining the right market to sell cryptocurrency to invest in is very difficult. But you have to set a price within yourself that once reached, doesn't stop you from selling. I set a price to sell my bitcoins I set $93k and from there I sold my bitcoins even though I had previously estimated to sell my investment at $80k to $90k but as $80k bitcoins came in it was 95k I placed a sell order at $100k but when I found it a bit risky to get there I sold $93,000. But at this time if you think it is very good to sell then you can sell it if the price falls a bit from here you can re-invest Bitcoin and wait for 2025 because the price is expected to increase in 2025.
Of course, any investor can sell their crypto assets when you are in profit but that shows that you are more of a trader than a long-term investor, if not selling your bitcoin wouldn't be what you should think of but if it is fine by you, am cool. Setting a price target of when to sell is the best, but don't you think that you were in a rush to sell at 93k. What if the highest price bitcoin will reach this circle is $150k.
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How do I know when to sell my crypto coins when the market rising and dropping rates are not stable?
This is very simple to achieve, if we are planning to buy, we are mostly advised to set in when the market is bearish, this will help us to have more increasing chances for making higher profits as well as affording to holding up to our desired duration of time, when we make the calculations from the entry price to that of the current market price, then we may try to covert first into a stablecoin before making any further exchange for fiat currency through p2p
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This is very simple to achieve, if we are planning to buy, we are mostly advised to set in when the market is bearish, this will help us to have more increasing chances for making higher profits as well as affording to holding up to our desired duration of time, when we make the calculations from the entry price to that of the current market price, then we may try to covert first into a stablecoin before making any further exchange for fiat currency through p2p
Increasing higher profit is the right time to sell but most important as short or long term trader must set up with their target how much percent profitable earn have to sell. Have bad moment when assets increasing drastically and coins holding price moving up significant but many trader or holder at the greedy moment and won't sell their assets although have raise higher price.
I think set up how much profit have to reach firstly and then sell it before buying back at dip price because all cryptocurrency coins always have uptrend and downtrend moment.
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Don't blindly follow experts but always do your own research and gather information You will find plenty of crypto experts on the internet. You may find it hard to believe but it is also a fact that there are no real crypto experts at all. Since cryptos are very volatile, no one will be able to accurately predict their value. When and at what price you purchased a coin and when it exceeds that purchase price your investment will run on the profit line. Then you'll know right away that it's the right time to sell. Selling too early means losing potential profits, while selling too late can mean losing value.
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Based on the available common sense (which is getting scarcer by the day) you will sell your coin or token when the price is already good...you are therefore in profit but of course there can be some emergency that we need to face that is why some may sell at a loss or if you are just saving what is left because your coin is destined to collapse. Now, you buy when there is a big dip or you may use the idea of DCA which can be good for people who wanted to steadily invest here in cryptocurrency market. As in anything in life, always use your common sense and the things you already learned here in this expanding and exciting industry. Good luck on your journey.
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Don't blindly follow experts but always do your own research and gather information You will find plenty of crypto experts on the internet. You may find it hard to believe but it is also a fact that there are no real crypto experts at all. Since cryptos are very volatile, no one will be able to accurately predict their value.
I always come across some of these crypto influencer's post on X, making analysis with almost certainty, which in most cases doesn't even happen. Well, we can't blame. Their main aim is just to get more attention and promote some shitty dump and pump project. Seriously, I don't think anything should stop a newbie or someone who is into crypto to follow up with news, and maybe even check out charts once a while. I don't think one needs to attend a crypto summit before he/she can understand what an upward and downward movement of a candle is. The problem we just have today is that people just tend to rely on what others say, when they can get a full info on their own.
When and at what price you purchased a coin and when it exceeds that purchase price your investment will run on the profit line. Then you'll know right away that it's the right time to sell. Selling too early means losing potential profits, while selling too late can mean losing value.
Ehhn, the only problem here is now telling the exact time to sell, because trying to wait further for a more profiting opportunity can ruin everything. So, I think, if the profits happens to be satisfactory (with no greed), then it's fine to sell at that point.
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And also other coins, the mechanism is quite similar, the realistic target.
I do not completely agree that altcoins are quite similar, there are so many pump and dump coins that have no utility, for such coins i recommend that people take their profits as soon as possible, if you delay you may not get the opportunity again. Unlike BTC, if you don't take your ROI in BTC and the price falls, it will surely rise again, you simply have to be patient.
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And also other coins, the mechanism is quite similar, the realistic target.
I do not completely agree that altcoins are quite similar, there are so many pump and dump coins that have no utility, for such coins i recommend that people take their profits as soon as possible, if you delay you may not get the opportunity again. Unlike BTC, if you don't take your ROI in BTC and the price falls, it will surely rise again, you simply have to be patient.
One of the main reasons on why people or investors would really be that trying out to touch up altcoins because of the possible or more profitability that they could get when it comes to it on which it will really be something comparable when they do deal up with Bitcoin. When it comes on a bit having that security then it cant really be denied that Bitcoin will really be always be having the main consideration when it comes into this aspect. Its not bad to deal up with altcoin investing as long you do really know on what you are doing and not really just that making yourself that delusional because usually people do really end up on messing up their investment on the time that they've been expecting too much.
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And also other coins, the mechanism is quite similar, the realistic target.
I do not completely agree that altcoins are quite similar, there are so many pump and dump coins that have no utility, for such coins i recommend that people take their profits as soon as possible, if you delay you may not get the opportunity again. Unlike BTC, if you don't take your ROI in BTC and the price falls, it will surely rise again, you simply have to be patient.
This may be more about our strategy for these coins. Because indeed, there are altcoins that already have a high market cap and their increase is significant, and do not use pump-and-dump. However, on the other hand, there are many hype coins whose mechanisms often use the pump-and-dump system. That's why some altcoins do require a different strategy.
And for top altcoins that already have their own value, we really need to set targets gradually, so that we can develop our capital. While for new coins with hype, usually only with small capital, then we have to look at the market more often when buying, because we won't know how much the coin will increase after we buy it. and if it's already considered enough, it doesn't profit immediately.
However, we do have to be careful and have our own strategy in taking profits so that we don't become greedier and greedier.
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There is no certain time to sell your coins (taking profits). It purely depends on your target for taking profits. If it already reaches your target, you can sell your coins. However, you sometimes need to adjust your target due to some factors. If it is unlikely to reach your target, it is better to lower the target. That's why it is important to learn the whole aspects of the coins before we invest in the coins. So, we can make a proper or realistic target for taking profits in the future.
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It is good to do that, but i don't think it is good to sell all of your BTC's. You can sell some of it, you can liquidate some of it and put it in other investments like gold or real estate, but i believe BTC is a valuable asset that one should always have some of it. However, if it is altcoins, you can sell it all once you get profit.
That’s right!
Liquidating the whole of one’s Bitcoin portfolio is absolutely a bad decision, even if the intention is to wait for a DIP and then buy again, because this is often the flawed mentality many investors often have and many end up falling into this trap. It’s a very wrong strategy that could lead to missed opportunities and sometimes regrets.
The market is 100% unpredictable and attempting to time the market could lead to disaster.
If an investor feels the need for diversification, then it’s understandable to sell off a smaller portion of their holdings and then diversify in other assets rather than selling the whole thing, because Bitcoin accumulation and investment is a long term journey and if you’ve been able to come so far that you’re seeing some good profits, liquidating the whole asset would discourage you from buying again, and even if you manage to buy again, it’d take you a longer time to get to that level again, and you’ll also miss out on awesome opportunities that may likely arise during that period.
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Some investors are already selling their bitcoin right now, while some are still waiting to see it pump the more, but if we already set in around $60,000 or below, then selling a this time is not a wrong decision to do, because we have made some profits and earned form it already, but if we are going by this option, then we will have to make sure that we are positioned as to buy the dip after selling what we are holding.
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How do I know when to sell my crypto coins when the market rising and dropping rates are not stable?
This is just my opinion and my instinct if I am in a trading position because you said when is the right time to "sell" coins and my answer is:
1. We sell coins when the market is green
2. We sell coins when we are already in profit
3. We sell coins when the price goes up
From the three points, all of them are profits that have entered our portfolio, if the market is green but our portfolio is still at a loss, then don't sell it and just wait until the price goes up and this applies to Bitcoin trading, not trading for altcoins.
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How do I know when to sell my crypto coins when the market rising and dropping rates are not stable?
Firstly it depends on the particular crypto currency you have in stock. Buying or selling crypto currencies uses the same similar concept as buying at a lower price and selling at a higher price. The whole thing now depends on the crypto currency you Hodl , how volatile it is and when you bought it because you would definitely be looking to sell at a higher price then you would either have a target price in mind or a time frame like halving in the case of bitcoin.
So generally to answer your question, the best time to sell depends on your decision because your best time to sell is someone else's best time to buy too.
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1. We sell coins when the market is green
2. We sell coins when we are already in profit
I somewhat disagree with point 1.
because, green market does not necessarily mean we have made profits. Usually, every day there will be red and green market conditions, yes because the volatility of cryptocurrency prices is like that. And why do I say green market does not necessarily mean we have made profits. because we could buy coins at a rate of $5, and it experiences a very bad dump, then to $2. and after a few months, the market becomes green again and the coin is at $3.5, that means the market is green but we have not made profits from our investment, right?
And I agree more with the second point you said, which is that we can sell coins when we have made profits. I don't know how much the profit is, it will depend on each individual, their investment type, and what coins they are. then, everyone also has their own strategy in taking profits.
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How do I know when to sell my crypto coins when the market rising and dropping rates are not stable?
To know this, you first need to know about Crypto in detail, explore its market, get an idea about how the Crypto market works.
Then the thing that will come to you is to get an idea about some fundamental analysis and technical analysis knowledge.
And then go and get an experience in the market, it may be that you have invested in Bitcoin for a few months following the DCA method. And analyze the history of Bitcoin's bull season and bear season and know about what bitcoin halving is. And then ultimately you will know when you have to sell your coins.
I mean after knowing all these things you will able to have take an strategy and with your strategy and target you will be also able to know when you should sell your Crypto.
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How do I know when to sell my crypto coins when the market rising and dropping rates are not stable?
This is just my opinion and my instinct if I am in a trading position because you said when is the right time to "sell" coins and my answer is:
1. We sell coins when the market is green
2. We sell coins when we are already in profit
3. We sell coins when the price goes up
From the three points, all of them are profits that have entered our portfolio, if the market is green but our portfolio is still at a loss, then don't sell it and just wait until the price goes up and this applies to Bitcoin trading, not trading for altcoins.
Just to add with the 3 things that you shared:
4. If you feel that you're okay with the profits that you have then sell. If not, risk it and continue holding. :)
I agree with the 3 things that you shared because as an investor, our main goal is to make profit so we will only sell when we are in profit however, there are rare instances where we need to make a cutloss for some reasons like "you saw a better investment and you need to sell those tokens at a loss to participate" or "you need to make a cutloss because you feel that the token will not go up anymore in price". Overall, there are many factors on whether we need to sell or not. I've experienced selling my coins at a loss in the past already because I saw a better opportunity.
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1. We sell coins when the market is green
2. We sell coins when we are already in profit
I somewhat disagree with point 1.
because, green market does not necessarily mean we have made profits. Usually, every day there will be red and green market conditions, yes because the volatility of cryptocurrency prices is like that. And why do I say green market does not necessarily mean we have made profits. because we could buy coins at a rate of $5, and it experiences a very bad dump, then to $2. and after a few months, the market becomes green again and the coin is at $3.5, that means the market is green but we have not made profits from our investment, right?
~snip~
Thank you for your response and I will also answer your question, please re-read the paragraph below after point 1, 2 and 3. There I wrote with a quote like this:
From the three points, all of them are profits that have entered our portfolio, if the market is green but our portfolio is still at a loss, then don't sell it and just wait until the price goes up and this applies to Bitcoin trading, not trading for altcoins.
If you still don't understand the final paragraph, I will translate it using your native language according to your previous local post in Indonesia.
Dari ketiga poin tersebut semuanya merupakan keuntungan yang sudah masuk ke dalam portofolio kita, apabila pasar sudah hijau tetapi portofolio kita masih rugi, maka janganlah dijual dan tunggu saja sampai harganya naik dan hal ini berlaku pada perdagangan Bitcoin, bukan perdagangan altcoin.
Please check my quote with words of Italicized style . Thank you.
*Translated by Google Translated.
How do I know when to sell my crypto coins when the market rising and dropping rates are not stable?
This is just my opinion and my instinct if I am in a trading position because you said when is the right time to "sell" coins and my answer is:
1. We sell coins when the market is green
2. We sell coins when we are already in profit
3. We sell coins when the price goes up
From the three points, all of them are profits that have entered our portfolio, if the market is green but our portfolio is still at a loss, then don't sell it and just wait until the price goes up and this applies to Bitcoin trading, not trading for altcoins.
Just to add with the 3 things that you shared:
4. If you feel that you're okay with the profits that you have then sell. If not, risk it and continue holding. :)
I agree with the 3 things that you shared because as an investor, our main goal is to make profit so we will only sell when we are in profit however,
Thank you , I appreciate the additional points from you and this makes me increase my knowledge of trading in crypto.
there are rare instances where we need to make a cutloss for some reasons like "you saw a better investment and you need to sell those tokens at a loss to participate" or "you need to make a cutloss because you feel that the token will not go up anymore in price". Overall, there are many factors on whether we need to sell or not. I've experienced selling my coins at a loss in the past already because I saw a better opportunity.
Cutloss I have heard of it and our friends here in the crypto circle also like to give advice for Cutloss because it is true that there is a good opportunity to seek profit from various coins but unfortunately for Bitcoin trading our friends also do not recommend Cutloss because Bitcoin is better to just HodL because one day the price will go up again and it is proven that now Bitcoin has reached a price of more than 100,000 dollars.
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Cutloss I have heard of it and our friends here in the crypto circle also like to give advice for Cutloss because it is true that there is a good opportunity to seek profit from various coins but unfortunately for Bitcoin trading our friends also do not recommend Cutloss because Bitcoin is better to just HodL because one day the price will go up again and it is proven that now Bitcoin has reached a price of more than 100,000 dollars.
Cutlosses are only done when you have another strategy and start moving to coins that have the potential to go up,
but this is quite risky if you are not sure which coins you will buy from the cutloss.
But if you hold bitcoin, a cutloss is not an option but holding it can be better because bitcoin will rise over time and reach a new ATH.
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Cutloss I have heard of it and our friends here in the crypto circle also like to give advice for Cutloss because it is true that there is a good opportunity to seek profit from various coins but unfortunately for Bitcoin trading our friends also do not recommend Cutloss because Bitcoin is better to just HodL because one day the price will go up again and it is proven that now Bitcoin has reached a price of more than 100,000 dollars.
Cutlosses are only done when you have another strategy and start moving to coins that have the potential to go up,
but this is quite risky if you are not sure which coins you will buy from the cutloss.
Your statement is exactly the same as our community because if Cutlosses must dare to take action because there are other opportunities that can provide profit. It's like the word Cutlosses is like a double-edged sword, one side can provide profit, the other can provide loss. From the name Cutlosses, it means the position is already in a loss position.
But if you hold bitcoin, a cutloss is not an option but holding it can be better because bitcoin will rise over time and reach a new ATH.
This is also the same with our community here, they state loudly and confidently that Bitcoin does not need Cutlosses because over time Bitcoin will rise and reach an all time high. Our friend here has a little Bitcoin that he said he had since 2012 and he is still hodL, unfortunately he did not mention how much Bitcoin he has, but he showed me his personal wallet did have Bitcoin but was censored using his fingers.
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This is also the same with our community here, they state loudly and confidently that Bitcoin does not need Cutlosses because over time Bitcoin will rise and reach an all time high. Our friend here has a little Bitcoin that he said he had since 2012 and he is still hodL, unfortunately he did not mention how much Bitcoin he has, but he showed me his personal wallet did have Bitcoin but was censored using his fingers.
If the person you say was able to hold his bitcoin from 2012 to now, it is very remarkable and how strongly he resisted the temptation to sell when the price of bitcoin went up before.
Maybe he has a price target that hasn't been reached, and maybe he's also doing DCA to continue doubling the profits from bitcoin.
The cutloss on bitcoin will just throw away and then if the price continues to rise after the cutloss it will instead have to buy at a higher price.
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Cutlosses are only done when you have another strategy and start moving to coins that have the potential to go up,
but this is quite risky if you are not sure which coins you will buy from the cutloss.
But if you hold bitcoin, a cutloss is not an option but holding it can be better because bitcoin will rise over time and reach a new ATH.
Some time cut loss most effective how to earn much profitable later by recovering from losses before, but depend kinds of coins investing have potential will drop and take longer time get recovery or not. Usually if altcoin have slowly progress recovery better cut loss and buy another coins to get faster recovery and earn much profitable then keep waiting for longer time from losing coins.
In my opinion, no doubt stop loss for altcoin have difficult recovery but for bitcoin keep waiting until reach the higher price and easily get recovery than altcoin.
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This is also the same with our community here, they state loudly and confidently that Bitcoin does not need Cutlosses because over time Bitcoin will rise and reach an all time high. Our friend here has a little Bitcoin that he said he had since 2012 and he is still hodL, unfortunately he did not mention how much Bitcoin he has, but he showed me his personal wallet did have Bitcoin but was censored using his fingers.
If the person you say was able to hold his bitcoin from 2012 to now, it is very remarkable and how strongly he resisted the temptation to sell when the price of bitcoin went up before.
The first time he told me I didn't believe it, but after he proved it I believed him by showing me the Bitcoin in his personal wallet, I was also sure that he had a lot of Bitcoin, definitely more than 12 Bitcoin or maybe dozens.
Maybe he has a price target that hasn't been reached, and maybe he's also doing DCA to continue doubling the profits from bitcoin.
~snip~
It is also possible that he did DCA to double his Bitcoin profit because by having a lot of Bitcoin I think it is easy to choose something that is desired in trading in crypto, for example:
1. He has 20 Bitcoin since 2012
2. He trades short term with Bitcoin with a capital of 12 BTC
3. He trades long term or becomes a Bitcoin Holder with a capital of 8 BTC.
So, he provides information about becoming a Bitcoin hodler with 8 BTC since 2012, maybe this is my guess for the trick he did to become a Bitcoin holder.
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It is also possible that he did DCA to double his Bitcoin profit because by having a lot of Bitcoin I think it is easy to choose something that is desired in trading in crypto, for example:
1. He has 20 Bitcoin since 2012
2. He trades short term with Bitcoin with a capital of 12 BTC
3. He trades long term or becomes a Bitcoin Holder with a capital of 8 BTC.
So, he provides information about becoming a Bitcoin hodler with 8 BTC since 2012, maybe this is my guess for the trick he did to become a Bitcoin holder.
Regardless of what strategy he used to make money from Bitcoin, we do know that he was well on his way to making a profit in 12 years of holding it... BTC price in 2012 was around $13, I am sure the unrealized profit he has made so far is huge... it would be a stroke of luck if he still remembered his private key and could still access his wallet... because there are so many users who regret losing access to their old wallets that contain Bitcoin.
And for his privacy, he decided not to share the details of his BTC balance, that is one good way to keep himself safe from public criminal threats... because actually such a thing certainly attracts the attention of bad people out there who may have bad intentions to seize someone's wealth.
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Some have already been selling as well as buying the more as the market maintain a particular pattern and trend for now, its what the day traders can easily make profits from if they can risk it, invest at a lower price and then make the sale at a particular range and take up their profits and maintain doing the same repeatedly before we are done with this current season.
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It is also possible that he did DCA to double his Bitcoin profit because by having a lot of Bitcoin I think it is easy to choose something that is desired in trading in crypto, for example:
1. He has 20 Bitcoin since 2012
2. He trades short term with Bitcoin with a capital of 12 BTC
3. He trades long term or becomes a Bitcoin Holder with a capital of 8 BTC.
So, he provides information about becoming a Bitcoin hodler with 8 BTC since 2012, maybe this is my guess for the trick he did to become a Bitcoin holder.
Regardless of what strategy he used to make money from Bitcoin, we do know that he was well on his way to making a profit in 12 years of holding it... BTC price in 2012 was around $13, I am sure the unrealized profit he has made so far is huge... it would be a stroke of luck if he still remembered his private key and could still access his wallet... because there are so many users who regret losing access to their old wallets that contain Bitcoin.
I also initially did not believe that he had Bitcoin since 2012, but seeing the tx id and the back of his BTC wallet on the sensor I believed it and it turned out that he was extraordinary, he had known Bitcoin for several years and even the price was still under 20 dollars. I am sure he is a patient and neat person because he was able to HodL Bitcoin for so long. I also saw that he has a personal character who lives a simple life.
And for his privacy, he decided not to share the details of his BTC balance, that is one good way to keep himself safe from public criminal threats... because actually such a thing certainly attracts the attention of bad people out there who may have bad intentions to seize someone's wealth.
That's right, his privacy is very guarded, even to me his Bitcoin assets and wallet are private and not shown. It just gives a little clue about the Bitcoin that he has had since 2012. I admire him and he is my role model now to learn more about how Bitcoin works.
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Cutlosses are only done when you have another strategy and start moving to coins that have the potential to go up,
but this is quite risky if you are not sure which coins you will buy from the cutloss.
Yep. People mostly decide to choose "cutloss" when they are no longer confident with the coin and has the intention to switch to another coin. In many cases, people decided "cutloss" on random coins, then they move the funds to top coins. Or the move it to trending coins that are likely to have a big pump in the near future.
But if you hold bitcoin, a cutloss is not an option but holding it can be better because bitcoin will rise over time and reach a new ATH.
As long as Bitcoin looks like not achieving its peak price, surely "cutloss" isn't needed. Bitcoin has been proven to keep increasing its price, especially during the bullrun season. So, we just need to be patient to wait for the next pump on Bitcoin price! We don't need to move the funds to another coin.
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You sell when you need to.
Don't simply look at numbers and prices because you cannot reliably determine when the peak and the trough are going to be at. It's just going to stress you out.
So like I said, just sell when you need some cash. Whenever you have something urgent that needs to be paid for - sell. Need to buy something - sell. That's it really. Chasing small gains is not important unless you do arbitrage.
I disagree. I have had plenty paper profits disappear because I didn't need money at particular time, kept holding, and when bears arrived — coins plumetted.
Although, I still can't tell when to sell but 'sell when you need to' is not something I agree with.
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I disagree. I have had plenty paper profits disappear because I didn't need money at particular time, kept holding, and when bears arrived — coins plumetted.
Although, I still can't tell when to sell but 'sell when you need to' is not something I agree with.
The question should be, how would you even know when you need to sell? Is it when you need money for your groceries, or your bills, or maybe when an emergency comes up in the future? Or maybe when you’ve seen some little profit? Saying that one should sell when he needs to is the same thing as asking when is the right time to sell which still leaves the actual question unanswered.
What exactly is that need that should warrant a hodler to sell, I want an answer to this question first before I give my own opinion on when is the right time for a hodler to sell.
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Some have already been selling as well as buying the more as the market maintain a particular pattern and trend for now, its what the day traders can easily make profits from if they can risk it, invest at a lower price and then make the sale at a particular range and take up their profits and maintain doing the same repeatedly before we are done with this current season.
It is not as easy as that, trading is more difficult than just holding and it requires skills too, it can look easy from the outside, especially when influencers boast about how much they have made from trading, even when they may well be lying. I don't recommend that newbies trade, they should buy BTC and hold it.
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Some have already been selling as well as buying the more as the market maintain a particular pattern and trend for now, its what the day traders can easily make profits from if they can risk it, invest at a lower price and then make the sale at a particular range and take up their profits and maintain doing the same repeatedly before we are done with this current season.
It is not as easy as that, trading is more difficult than just holding and it requires skills too, it can look easy from the outside, especially when influencers boast about how much they have made from trading, even when they may well be lying. I don't recommend that newbies trade, they should buy BTC and hold it.
It does look like trading is very easy and can be done by anyone, but you are right that it is not as easy as imagined because you need to do a good analysis before deciding on a particular coin to trade, because a wrong analysis will result in a loss that no one likes., Not all influencers say it according to reality because they are not the ones who lie a little, I agree that for beginners in trading they must be more careful and study well, and it is indeed better to buy bitcoin which is certain to produce.
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In my opinion, no doubt stop loss for altcoin have difficult recovery but for bitcoin keep waiting until reach the higher price and easily get recovery than altcoin.
The recovery depends on what altcoin you choose, if you choose an altcoin that has better potential, then the recovery will be carried out quickly because the transaction volume of the altcoin is still quite large.
As in ETH, which is the top altcoin and its price also follows bitcoin, it will certainly recover faster even though it also looks at how the price of bitcoin is.
It is also possible that he did DCA to double his Bitcoin profit because by having a lot of Bitcoin I think it is easy to choose something that is desired in trading in crypto, for example:
1. He has 20 Bitcoin since 2012
2. He trades short term with Bitcoin with a capital of 12 BTC
3. He trades long term or becomes a Bitcoin Holder with a capital of 8 BTC.
So, he provides information about becoming a Bitcoin hodler with 8 BTC since 2012, maybe this is my guess for the trick he did to become a Bitcoin holder.
Possibly, DCA is the best strategy to continue doubling Bitcoin.
If he makes a short-term trade with a capital of 12BTC he can do it quite easily if he knows how trading works.
It is not easy to hold Bitcoin and continue to double it from 2012 until now, perhaps he already has a lot of advantages from the Bitcoin he holds.
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Some have already been selling as well as buying the more as the market maintain a particular pattern and trend for now, its what the day traders can easily make profits from if they can risk it, invest at a lower price and then make the sale at a particular range and take up their profits and maintain doing the same repeatedly before we are done with this current season.
That’s a more possible way some people will depend on when they want to invest in cryptocurrency and the best time for them to sell their assets in this current bull run even when it’s very unpredictable. You can employ this method and get the best outcome out of it easily when you are very confident and you stick to a particular profitable pattern. You don’t have to be a day trader to succeed in this method of trading, just by understanding market trends, you can take advantage of the market easily. Buying at a low price and selling at an higher price has never been that easy if you have a very good understanding of the market trends and can play around with coins also in that regard.
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Some have already been selling as well as buying the more as the market maintain a particular pattern and trend for now, its what the day traders can easily make profits from if they can risk it, invest at a lower price and then make the sale at a particular range and take up their profits and maintain doing the same repeatedly before we are done with this current season.
That’s a more possible way some people will depend on when they want to invest in cryptocurrency and the best time for them to sell their assets in this current bull run even when it’s very unpredictable. You can employ this method and get the best outcome out of it easily when you are very confident and you stick to a particular profitable pattern. Y
Yes, this is one ways that can be used to take profits. Yes, the point is that every trader or investor must have their own way of taking profits, whether in the short term or long term. As long as it's profitable, it doesn't matter, because it could be that we do it for other purposes, such as reinvesting the money and profits as capital for other coins, and taking profits again from it. What is certain is that the point of everything is, take profits when we think it's profitable.
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The right time to sell either your Bitcoin or altcoin should be when they have reached the price you have intend to sell them or they have given you a huge profit of investment that you consider selling them for the profits you stand to gain.
Another point to consider as the right time of selling your crypto is when the project is stagnant, no improvement in project development.
Delisting of projects on crypto exchange can be another right time to sell your crypto assets because you wouldn't to lose your assets entirely for little or no profits
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How do I know when to sell my crypto coins when the market rising and dropping rates are not stable?
Selling of crypto assets now is not really the very best idea, except you are aiming on acquiring more Bitcoin ahead of the on going and up coming market bull run.
If I am to answer your question directly, I will say, the right time to sell is when you have a certain amount you wish to get from the market. When that price is attained, then that is the right time to sell. The crypto market is a volatile industry, where there is price manipulation of all coins by Whales. This price manipulations can be in favor of you or could be disastrous at the end.
Another thing that you can look out for before selling your coins, is if the project is stagnant in price and does not have much trading pairs, no development of project or poor project team members and if it is facing delisting from it's top exchanges where is listed and other different exchanges. When any coin starts facing these, then that coin or project is about to fail or fold up. The reason for these could vary from one thing to another, and if the project team are not sincere enough, they just disappear into thin air without trace.
Continuous development in the crypto community is what keeps a coin going, and a coin that is rising or yielding profit is kept that more profits can be acquired.
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The right time to sell either your Bitcoin or altcoin should be when they have reached the price you have intend to sell them or they have given you a huge profit of investment that you consider selling them for the profits you stand to gain.
Actually, what you said is what everyone who invests should always do, but sometimes greed forgets everything that has been well-designed and finally hopes that it will be able to increase even more and get more profit, but in reality it is actually eroded and does not get maximum results. If we have decided on a certain value, then when we get that value, we immediately release it, don't delay getting more than what has been determined.
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Actually, what you said is what everyone who invests should always do, but sometimes greed forgets everything that has been well-designed and finally hopes that it will be able to increase even more and get more profit, but in reality it is actually eroded and does not get maximum results. If we have decided on a certain value, then when we get that value, we immediately release it, don't delay getting more than what has been determined.
That's why you need to deal with your greed. Controlling emotion, greed, and fear are a part of the requirements in crypto investment. If someone still can't deal with them, I think they are not ready for crypto investment yet. When we are greedy, we must know that we probably end up with losses. It is because we always try to keep it a longer time. When we realize the price has dropped so much, we just have the intention to take profits. This is something happening in many crypto holders!!
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The right time to sell either your Bitcoin or altcoin should be when they have reached the price you have intend to sell them or they have given you a huge profit of investment that you consider selling them for the profits you stand to gain.
Actually, what you said is what everyone who invests should always do, but sometimes greed forgets everything that has been well-designed and finally hopes that it will be able to increase even more and get more profit, but in reality it is actually eroded and does not get maximum results. If we have decided on a certain value, then when we get that value, we immediately release it, don't delay getting more than what has been determined.
We already know what is the effect of greed to us, and so we should try to mitigate it as much as we can. And if we are in crypto for a long time, with all of our experience, we should by now understand how it is and so we can somewhat control our emotions and feeling.
Do yeah, just set a profit and it we reach it, then sell easy peasy.
No need to have this voice inside of you saying that you need to wait for more in order to maximized profit. Because it's so volatile that you didn't expect that in the next minutes, the price will go down.
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Sell when you feel like it and when you feel you already gain more or say massive profit. Sell when it's upward at least to new ATH, make sure you don't regret in every decision you've made to avoid blaming yourself lol then buy back later on coz it will have correction. This works for me before, but im not doing it now coz i'm in hold mode until next year.
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I look at previous market cycles and plan my sells accordingly, so far cycle keeps repeating itself so why not just follow it? It may not be perfect, but it made most sense and importantly it's simple.
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Sell when you feel like it and when you feel you already gain more or say massive profit. Sell when it's upward at least to new ATH, make sure you don't regret in every decision you've made to avoid blaming yourself lol then buy back later on coz it will have correction. This works for me before, but im not doing it now coz i'm in hold mode until next year.
Take advantage if you feel it is very necessary because the investment is aimed at getting profits, not just waiting continuously.
But this is also in accordance with the price target to be achieved.
And see how the crypto market works like the previous cycle.
Now the price of Bitcoin is still experiencing a correction and this could have gone even higher and set a new ATH.
Don't regret every decision you make because it's already done, and make a good strategy to save profits to the maximum.
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Sell when you feel like it and when you feel you already gain more or say massive profit. Sell when it's upward at least to new ATH, make sure you don't regret in every decision you've made to avoid blaming yourself lol then buy back later on coz it will have correction. This works for me before, but im not doing it now coz i'm in hold mode until next year.
Take advantage if you feel it is very necessary because the investment is aimed at getting profits, not just waiting continuously.
But this is also in accordance with the price target to be achieved.
And see how the crypto market works like the previous cycle.
Now the price of Bitcoin is still experiencing a correction and this could have gone even higher and set a new ATH.
Don't regret every decision you make because it's already done, and make a good strategy to save profits to the maximum.
Selling when you feel like, can depend on the market situation. The market can be conducive for sale or not. When it comes to taking out profits, it should be on a targeted price mark, but I'm a situation where the market faces a bullish trend, you need to ride with it.
Regrets doesn't really have anything to change, rather than your choice and decision making in some situations which needs to be revamped, so as to avoid regrets. When it comes to the crypto industry, the time you take a decision to either buy or sell is the right time (but it doesn't mean, you see a clean bullish market and you decided to sell off and jump out, saying it's the right time, when the market is on a continuous uptrend).
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When it comes to the crypto industry, the time you take a decision to either buy or sell is the right time (but it doesn't mean, you see a clean bullish market and you decided to sell off and jump out, saying it's the right time, when the market is on a continuous uptrend).
Like the current situation which experienced a significant increase when the Bitcoin price continued to move until it reached an ATH of $107k, but then the price corrected.
And we have to look at how the cycle happened before, because the data in the past is a reflection of what will happen today in the bitcoin market.
The cycle will continue to repeat but possibly with a different version.
Each trader or holder has their own guidelines for when they will buy and sell, this depends on the target that has been determined.
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I just share my experience with how I trade, and I also trade in this cryptocurrency with only a little capital. And maybe the trick is like from the Doge coin trade below:
-Buy Doge coins at a price of 0.31 dollars with a capital of 100 dollars
-Sell Doge coins at a price of 0.32, 0.33, 0.34 dollars and so on
For me personally, selling cryptocurrency coins is the right time when the price of the coin is above the price when we bought it and provides a profit that we think is enough to be withdrawn.
Enough here is very complex, there are those who profit 10 dollars immediately withdrawn and there are those who profit more than 100 dollars have not been withdrawn and maybe they are trading in a long-term style.
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I look at previous market cycles and plan my sells accordingly, so far cycle keeps repeating itself so why not just follow it? It may not be perfect, but it made most sense and importantly it's simple.
Everything seems so logical and obvious when you look back in time. You might regret not buying bitcoin at a lower price or selling it at its peak. We should do thorough research and buy if a coin has a certain low price. If you think it has become overvalued then sell it and try to get another chance. But i want to stay away from the hype of the new coin in the current market because the big down starts as soon as the limited hype ends.
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I look at previous market cycles and plan my sells accordingly, so far cycle keeps repeating itself so why not just follow it? It may not be perfect, but it made most sense and importantly it's simple.
Everything seems so logical and obvious when you look back in time. You might regret not buying bitcoin at a lower price or selling it at its peak. We should do thorough research and buy if a coin has a certain low price. If you think it has become overvalued then sell it and try to get another chance. But i want to stay away from the hype of the new coin in the current market because the big down starts as soon as the limited hype ends.
That's true, we shouldn't depend on what people say. Because that is not the way to be profitable. If we rely on others for our future in crypto, we won't succeed. Usually, traders or investors likely quit because they don't have their own strategy or plan to make money. It's really different if you have your own analysis that is already tested because it will help you to understand what is happening in the surroundings.
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I look at previous market cycles and plan my sells accordingly, so far cycle keeps repeating itself so why not just follow it? It may not be perfect, but it made most sense and importantly it's simple.
Everything seems so logical and obvious when you look back in time. You might regret not buying bitcoin at a lower price or selling it at its peak. We should do thorough research and buy if a coin has a certain low price. If you think it has become overvalued then sell it and try to get another chance. But i want to stay away from the hype of the new coin in the current market because the big down starts as soon as the limited hype ends.
That's true, we shouldn't depend on what people say. Because that is not the way to be profitable. If we rely on others for our future in crypto, we won't succeed. Usually, traders or investors likely quit because they don't have their own strategy or plan to make money. It's really different if you have your own analysis that is already tested because it will help you to understand what is happening in the surroundings.
If you are only hodling bitcoin in your bag, then it isn't problem to buy during the bear and sell at the bull market. Just have a price target on when to sell so that you take profit on that price. However, if you are having altcoins in your bag with no cycle, sell when you are in profit and don't wait for bigger price because, the price might dip and not recover.
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If it is bitcoin, I do not think this is the right time to sell it yet. I still think that the price of bitcoin will still increase. This is not the last ATH. Bitcoin is still likely going to $100000. Wait until second half of 2025.
If it is altcoins, you know that they are very risky. If you make enough profit already, it is better you sell them. They are not easy to predict. They can start to fall at anytime and not getting back to their ATH.
Selling in your crypto will depending on crypto currency market. Because we know that bearish market is very important for buy cryptocurrency market. We also know that investment is one of the best profitable source in cryptocurrency market. But we should understand in cryptocurrency market. When crypto currency price reach in best level, then we can sell this crypto. So I believe that bull market is very important for selling. So we should wait until reach best position for cryptocurrency price.
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If you are only hodling bitcoin in your bag, then it isn't problem to buy during the bear and sell at the bull market. Just have a price target on when to sell so that you take profit on that price. However, if you are having altcoins in your bag with no cycle, sell when you are in profit and don't wait for bigger price because, the price might dip and not recover.
Your selling strategy sounds more like timing the market, which can be very risky both for Bitcoin. Well, for altcoins, selling when one is in profit can be advisable because its future may not actually be guaranteed. But when we talk about the right time to sell your Bitcoin, this depends specifically on the holder’s investment goals, thus the right time to sell I believe is when the holder feels he has reached a state of overaccumulation or reached or very close to his goals.
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The way it is expected of us to always make research before buying a crypto coin in other to have a perfect entry point, same should we also consider it a wise decision for us to know the appropriate time for us to sell or release what we have been holding, except we want our efforts on long time holdings turn a waste, the market could be appearing more volatile in some cases and we may only have to speculate on when it is profitable before we sell.
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How do I know when to sell my crypto coins when the market rising and dropping rates are not stable?
When you sell your holdings of coins is entirely up to you. Especially if you have a profit compared to the price at which you invested, you can sell your holdings of bitcoins or cryptocurrencies. In this case you don't have to depend on anyone else's suggestion because you have taken the entire risk in your investment. Moreover, when and at what price you will invest in the market or at what price you will sell will depend entirely on you, so no one will give you suggestions.
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The way it is expected of us to always make research before buying a crypto coin in other to have a perfect entry point, same should we also consider it a wise decision for us to know the appropriate time for us to sell or release what we have been holding, except we want our efforts on long time holdings turn a waste, the market could be appearing more volatile in some cases and we may only have to speculate on when it is profitable before we sell.
Agree, research must always be done before doing what we are going to do, because with that we can know what we need to buy and what not and the time can also be right according to the situation at that time. So it is true that we can decide well when we should do to release so that we can produce the best choice. But for something long term then the most appropriate choice is to keep holding bitcoin compared to altcoins.
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Selling your coins should depend on your investment target. Have you met them? Then it's time to sell. Many people use Bitcoin t as a vehicle for storing value, such people mostly never sell becuse they're hopeful that Bitcoin will continue to increase in value. However, I think everyone should set their investment objective and stick to it.
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Selling your coins should depend on your investment target. Have you met them? Then it's time to sell. Many people use Bitcoin t as a vehicle for storing value, such people mostly never sell becuse they're hopeful that Bitcoin will continue to increase in value. However, I think everyone should set their investment objective and stick to it.
Every investment that we make must have a target that must be achieved, especially when we have to sell after storing what we invested for a long time.
So you are right to always make a target when and how much we have to let go of what we hold in order to achieve the value we want to achieve, because it is possible that the opportunity will disappear because there is no target to be achieved, So don't just keep waiting for opportunities that could be lost
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Selling your coins should depend on your investment target. Have you met them? Then it's time to sell. Many people use Bitcoin t as a vehicle for storing value, such people mostly never sell becuse they're hopeful that Bitcoin will continue to increase in value. However, I think everyone should set their investment objective and stick to it.
Every investment that we make must have a target that must be achieved, especially when we have to sell after storing what we invested for a long time.
So you are right to always make a target when and how much we have to let go of what we hold in order to achieve the value we want to achieve, because it is possible that the opportunity will disappear because there is no target to be achieved, So don't just keep waiting for opportunities that could be lost
For every investment have set up how much profitable to earn and its important when trading in cryptocurrency, have to know how much achievement profitable to earn and set up its firstly before investing in bitcoin or altcoin.
If set up target firstly before investing we can control how long for holding any cryptocurrency assets regarding price target raise up to sell, but if don't set up target maybe some one want to be long term holder and have good financial condition.
I still hold any potential coins and looks few percent left raise of my target for selling, I won't keep hold it if my price target set up have been reached.
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The right time for you to sell your crypto coins is when you have seen some potential gains from the investment made. It can be 5x or 10x above profits, depending on whether you are okay with profits to be made.
So many crypto investors prefer to sell their crypto coins during the bull run after buying during the bearish market. You can apply such a strategy by buying Bitcoin during the bearish market and selling during the bull run.
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Selling in your crypto will depending on crypto currency market. Because we know that bearish market is very important for buy cryptocurrency market. We also know that investment is one of the best profitable source in cryptocurrency market. But we should understand in cryptocurrency market. When crypto currency price reach in best level, then we can sell this crypto. So I believe that bull market is very important for selling. So we should wait until reach best position for cryptocurrency price.
Yes, indeed, buying during a bearish period is very profitable if we can be patient and eventually get through various obstacles and difficult things during a bullish period. Because during a bullish period, we can set our own price targets that we want to achieve to get the appropriate profits. And this is the time for us to think about some of the most reasonable targets and not too greedy, but really in line with expectations. Like BTC, how big are the profits we have achieved if we invested since the bearish period at the beginning of last season until now, right?
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Some people have started selling their coins now that BTC is over $100k, that is not bad, but i recommend that they do not sell everything, we are not yet at the peak of the cycle and the price is expected to go even higher by that time.
However, even if we are at the peak, BTC is so valuable an asset that i believe one should always have a portion of it at all times.
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Some people have started selling their coins now that BTC is over $100k, that is not bad, but i recommend that they do not sell everything, we are not yet at the peak of the cycle and the price is expected to go even higher by that time.
I also have sold some of my Bitcoin since it crossed $100k. I think it is the right decision, sometimes we need to secure some profits to avoid unpredictable situation in the future. We don't know how far Bitcoin will increase. It can hit a new ATH, or it can free fall at any time. It is better to take profits gradually. I will take profits again when Bitcoin around $110k. Or I may decide to take profits soon around $105k-$108k if the situation isn't very clear in the near future.
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Some people have started selling their coins now that BTC is over $100k, that is not bad, but i recommend that they do not sell everything, we are not yet at the peak of the cycle and the price is expected to go even higher by that time.
I also have sold some of my Bitcoin since it crossed $100k. I think it is the right decision, sometimes we need to secure some profits to avoid unpredictable situation in the future. We don't know how far Bitcoin will increase. It can hit a new ATH, or it can free fall at any time. It is better to take profits gradually. I will take profits again when Bitcoin around $110k. Or I may decide to take profits soon around $105k-$108k if the situation isn't very clear in the near future.
If the calculation you made is considered the best, it should be done to avoid at least the profits that have been obtained from disappearing all because of wrong estimates. Indeed, we also won't be able to guess correctly whether Bitcoin will continue to move up by creating a new ATH or will actually fall, so whatever you do is the right thing to do.
If there are changes that will occur in its journey, at least you still hold some to be able to get the best again.
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I also have sold some of my Bitcoin since it crossed $100k. I think it is the right decision, sometimes we need to secure some profits to avoid unpredictable situation in the future. We don't know how far Bitcoin will increase. It can hit a new ATH, or it can free fall at any time. It is better to take profits gradually. I will take profits again when Bitcoin around $110k. Or I may decide to take profits soon around $105k-$108k if the situation isn't very clear in the near future.
During bitcoin price not stable yet better take profit as soon possibility and buy back later when bitcoin price going down, in this week bitcoin get many time correction and looks most profitable for short term trading than long term trading because around one or two days bitcoin always get correction and bounce back to higher price.
Maybe take profit with bitcoin around 5% looks easily in this week how bitcoin get faster downtrend or uptrend but if want become long term holder you loss opportunity earn few percent profitable every days from bitcoin.
If my assets not holding in altcoin I would take opportunity by short term trading in bitcoin because recently earn profit with short term in bitcoin most easily than altcoin.
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Some people have started selling their coins now that BTC is over $100k, that is not bad, but i recommend that they do not sell everything, we are not yet at the peak of the cycle and the price is expected to go even higher by that time.
I also have sold some of my Bitcoin since it crossed $100k. I think it is the right decision, sometimes we need to secure some profits to avoid unpredictable situation in the future. We don't know how far Bitcoin will increase. It can hit a new ATH, or it can free fall at any time. It is better to take profits gradually. I will take profits again when Bitcoin around $110k. Or I may decide to take profits soon around $105k-$108k if the situation isn't very clear in the near future.
It is true and a right thing to secure profits to avoid an unexpected turn in the market. Setting a price market or target of taking out profit will help to maintain the value of your assets and also give reasonable amount for take out.
As it is said that it is not wise to put all you eggs in one basket, same thing when it comes to selling all your crypto holdings, especially Bitcoin. Selling some fractions and hold the remaining waiting for another profitable period to make more profit, as we know the market is always on a bull run, after a consolidation period or bear market.
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Indeed, we also won't be able to guess correctly whether Bitcoin will continue to move up by creating a new ATH or will actually fall, so whatever you do is the right thing to do. If there are changes that will occur in its journey, at least you still hold some to be able to get the best again.
Yes, that's my point. If the market drops, I've taken some profits. But if the market rises, I still have some coins in the wallets. So, we have some options if there is a change in crypto market trends.
If my assets not holding in altcoin I would take opportunity by short term trading in bitcoin because recently earn profit with short term in bitcoin most easily than altcoin.
Why don't you divide your funds? If you do this, you can trade for a short term in Bitcoin as well.
It is true and a right thing to secure profits to avoid an unexpected turn in the market. Setting a price market or target of taking out profit will help to maintain the value of your assets and also give reasonable amount for take out.
Yes, mate. It is better to secure some profits if it reaches our target. We never know the market trend in the next few months. Bearish can come earlier than we expected. So, we must be always careful and make a proper plan to deal with unexpected situation.
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Indeed, we also won't be able to guess correctly whether Bitcoin will continue to move up by creating a new ATH or will actually fall, so whatever you do is the right thing to do. If there are changes that will occur in its journey, at least you still hold some to be able to get the best again.
Yes, that's my point. If the market drops, I've taken some profits. But if the market rises, I still have some coins in the wallets. So, we have some options if there is a change in crypto market trends.
If you are sure of what you have done, of course, you must continue to run well so that you will always get, according to what has been planned properly, because there can always be wrong predictions, but if you have set well then what you do will be able to make you calm down.
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If you are sure of what you have done, of course, you must continue to run well so that you will always get, according to what has been planned properly, because there can always be wrong predictions, but if you have set well then what you do will be able to make you calm down.
Sure, I will continue it as long as it works well. But if the strategy looks wrong, I can switch to another strategy. We can evaluate and correct our strategy, sometimes our plan can change because of many factors. Yes, our prediction can be wrong, so we can switch to another plan. There is nothing wrong with this way, we sometimes need to make a decision to change something in order to get a better result. However, if everything looks good, we can keep calm and stick with our base plan.
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If you are sure of what you have done, of course, you must continue to run well so that you will always get, according to what has been planned properly, because there can always be wrong predictions, but if you have set well then what you do will be able to make you calm down.
Sure, I will continue it as long as it works well. But if the strategy looks wrong, I can switch to another strategy. We can evaluate and correct our strategy, sometimes our plan can change because of many factors. Yes, our prediction can be wrong, so we can switch to another plan. There is nothing wrong with this way, we sometimes need to make a decision to change something in order to get a better result. However, if everything looks good, we can keep calm and stick with our base plan.
I really agree with what you refer to, where you always make several strategies for each action that will be taken so that when it doesn't work and goes astray, you can look for other alternatives and always make better plans until you get a formula that really suits what you want, I agree with what you informed about this because this is a very good strategy to do.
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I really agree with what you refer to, where you always make several strategies for each action that will be taken so that when it doesn't work and goes astray, you can look for other alternatives and always make better plans until you get a formula that really suits what you want, I agree with what you informed about this because this is a very good strategy to do.
Several strategies are needed because we sometimes adjust the strategy with the current market condition. If we only rely on a single strategy, it may be no longer effective in certain situation. As a crypto holder, we must have some alternative ways, it will help us to get the solution in a bad market condition. I think you also have some strategies in your investment. If you are experienced holders, you must already learn varied strategies.
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Some people have started selling their coins now that BTC is over $100k, that is not bad, but i recommend that they do not sell everything, we are not yet at the peak of the cycle and the price is expected to go even higher by that time.
However, even if we are at the peak, BTC is so valuable an asset that i believe one should always have a portion of it at all times.
Agree, then the protipolio should be more diverse then if one of your coins is down, it will be recovered from the profit of the other coin. OP, If your holding BTC has a good profit at this point then it should be sold 50% of bitcoin and investing some best altcoins. Because we are all hopeful about the altcoins market now that big pump can come very soon. I think it is important to have different variations in investing because crypto comes down at any time and causes a lot of losses. You have to fight with your own experience in crypto so it is important to have a plan for every investment that you want to sell for a small profit.
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I really agree with what you refer to, where you always make several strategies for each action that will be taken so that when it doesn't work and goes astray, you can look for other alternatives and always make better plans until you get a formula that really suits what you want, I agree with what you informed about this because this is a very good strategy to do.
Several strategies are needed because we sometimes adjust the strategy with the current market condition. If we only rely on a single strategy, it may be no longer effective in certain situation. As a crypto holder, we must have some alternative ways, it will help us to get the solution in a bad market condition. I think you also have some strategies in your investment. If you are experienced holders, you must already learn varied strategies.
Because the market is sometimes uncertain, of course, what you say should be done to avoid things that we might not want to happen. I agree that, indeed, as a crypto holder, we must continue to do the best alternative before deciding where we will put the existing funds, so that, in a good way, we can get the best results at the right time, because the investment we make must be right on target so that what we have thought can be realized properly.