When is the right time to sell my crypto coins?

[Faisal2202]

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.

[Jating]

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.

[milewilda]

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.

[|MINER|]

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.

[Faisal2202]

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.

[Gurujebs]

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.

[taufik123]

-snip-
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.

[LogitechMouse]

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.

[Z-tight]

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.

[sampoerna]

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.

[Gposas]

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.

[Z-tight]

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.

[UNIVERSE]

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.

[bayu7adi]

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.

[Dr.Bitcoin_Strange]

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.