Bitcoin trading is a very interesting investment that only the professionals could enjoy. Bitcoin trading is full of risks that could diminish the value of your fund and at the same time appraise its value. You should target when to sell it if you don't want to be in loss.
When is the right time to sell your Bitcoin?
- Thread starter Potuse
- Start date
The best historical sales points are always more or less 1 year after the halving as the graph of bitcoin shows, and the best year to accumulate is the one before the halving, so according to this you can more or less think that there are 2 good years to buy and 1 good to sell.
This is a very difficult question to be solved technically but in my opinion you can sell your Bitcoin when you are satisfied with what you have earned.
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Obviously it should be when the price goes up, but i believe as a crypto trader, you should have a specific goal or target. Once the price have gotten to that target you can sell, because everyone has what they consider to be the best time for them to sell their Bitcoin.
Additionally, the best moment to sell of your bitcoin is during the bullish season because that is when you will make maximum profit from bitcoin investment.
Bitcoin is a form of business or investment where you invest money to make profit. As you must have that bitcoin price is volatile, it's not stable. It could rise to highest level today, and drop down in the next days. So, as an investor in bitcoin, you buy when it's price is low and sell when it increase. After you make your profit, you rinse and repeat.
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Bitcoin's all time high price was $68K, so I think you should wait to sell your bitcoin until it reaches its all time high. Currently, the entire crypto market is under recession and you should avoid selling your bitcoins.
Anyone who deals on cryptocurrency will always tell you that the best time for you to sell any of your cryptocurrency and not only bitcoin is when the prices have appreciated very well and you only buy cryptocurrency when it is falling.
Actually the price value of bitcoin is highly determined by demand and supply.
so when there is high demand for bitcoin, I think it should be the right an appropriate time to sell out your bitcoin.
so when there is high demand for bitcoin, I think it should be the right an appropriate time to sell out your bitcoin.
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If you know how to evaluate the crypto-currency market prices, you will be able to know the exact point it is going to be more profitable for you to either sell your bitcoin cryptocurrency or hold it for a very long time in order to get more profit from it.
Bitcoin has been down for an incredible long time. However, despite all this, I think that there are still many people who have been trading in Bitcoin and making money. However, they are mostly short-term traders who buy and sell bitcoin immediately. This is how they are thriving.
The best way anyone is going to go into bitcoin trading on short-term basis is by trading it's on Binance Futureswhere you can trade Your bitcoin against USDT and always get your profits within a specific period of time on daily basis.
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I do not trade in the futures. However, I prefer spot trading. A person could still make money by engaging in spot trades during the price pullbacks. This is a great way to make money. However, it may be possible that such kind of pullbacks might b e temporary. Hence, it could be a risky thing to do.
The simple truth is that anything that involves cryptocurrency trading whether you are trading on Futures ot Spot, there is always a possibility of making money from the trade or losing your money if the market doesn't go your way. This is why you have to get your analysis right before you trade so that you don't lose money.
The market has been bearish for too long now and I don't think this is the right time to sell your Bitcoin. When you put into consideration that a bullish run may be around the corner, it will make it less appealing selling your coins now. So, I think this is the right time to sell it.
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There's no way you're expected to sell any of your cryptocurrency assets whenever there's a serious dip in the market like we have now. Unless you bought your cryptocurrency below the dip level price as it is now, then you might decide to sell now so that the price doesn't come to your entry and give you loss.
There are many people who may sell their bitcoin because they may get panicked about the price. I have also sold my coins due to this reason many times in the past. The price of coin can dip further and it is all about the momentum in the cryptocurrency market.
This is the reason why it's always advised that before you go into investing in cryptocurrency, you should what it means to invest for a long term. You don't act immediately to sell your investment before of how the price is changing. It's cryptocurrency and that's how it's supposed to behave.
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