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Author Topic: When is the right time to sell my crypto coins?  (Read 4870 times)

Offline Richardokpuwa

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When is the right time to sell my crypto coins?
« on: November 06, 2024, 12:15:16 PM »
How do I know when to sell my crypto coins when the market rising and dropping rates are not stable?

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When is the right time to sell my crypto coins?
« on: November 06, 2024, 12:15:16 PM »

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Re: When is the right time to sell my crypto coins?
« Reply #1 on: November 06, 2024, 12:21:46 PM »
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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Re: When is the right time to sell my crypto coins?
« Reply #1 on: November 06, 2024, 12:21:46 PM »

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Re: When is the right time to sell my crypto coins?
« Reply #2 on: November 06, 2024, 12:22:14 PM »
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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Re: When is the right time to sell my crypto coins?
« Reply #3 on: November 06, 2024, 12:27:41 PM »
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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Re: When is the right time to sell my crypto coins?
« Reply #4 on: November 06, 2024, 01:17:01 PM »
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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Re: When is the right time to sell my crypto coins?
« Reply #5 on: November 06, 2024, 05:37:35 PM »
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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Re: When is the right time to sell my crypto coins?
« Reply #6 on: November 06, 2024, 09:41:06 PM »
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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Re: When is the right time to sell my crypto coins?
« Reply #6 on: November 06, 2024, 09:41:06 PM »


Offline bayu7adi

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Re: When is the right time to sell my crypto coins?
« Reply #7 on: November 07, 2024, 04:56:14 AM »
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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Re: When is the right time to sell my crypto coins?
« Reply #8 on: November 07, 2024, 05:49:54 AM »
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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Re: When is the right time to sell my crypto coins?
« Reply #9 on: November 07, 2024, 08:57:40 AM »
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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Re: When is the right time to sell my crypto coins?
« Reply #10 on: November 07, 2024, 10:31:12 AM »
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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Offline bitterguy28

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Re: When is the right time to sell my crypto coins?
« Reply #11 on: November 07, 2024, 11:07:32 AM »
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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Re: When is the right time to sell my crypto coins?
« Reply #12 on: November 07, 2024, 12:45:03 PM »
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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Re: When is the right time to sell my crypto coins?
« Reply #13 on: November 07, 2024, 04:01:18 PM »
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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Re: When is the right time to sell my crypto coins?
« Reply #14 on: November 07, 2024, 08:32:29 PM »
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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