when to sell

RoyalGamer1 · April 25, 2018

hello, so I currently have $94 btc when I had $40 to start with. I see BTC is currently on a good climb going up by the hundred every hour or less. Im am not sure when I should sell it, im really trying to wait for it to get to $100 worth of BTC in my account. but I dont want to do it too soon or too late. people just say wait untill it declines. but with BTC when it starts to go down it goes down alot, it can be from 1 min having $100 to next minute having $20, should I take the W I have wait to 100 or just risk it and go all in and wait for a bigger decline. to sell. and you better bet ill be buying a ton once this falls again

RoyalGamer1 · April 25, 2018

dang I missed to sell when mine was worth $94 and now its dropping so I sold it at $90 netting me $86 after fee

w8kdrifter · April 28, 2018

Before beginning mining (assuming you're mining and not just buying BTC), my opinion is that you need a plan. You can never outguess the market. My plan was to sell as often as I could until my equipment was paid off. Once my equipment was paid off I did not care much and thought it would be fun to ride the market, good or bad. So far I have had a ton of fun mining ETH. There are a lot of naysayers but they tend to be negative people anyway. Had I listened to them I would have never began to mine. Sell when you would like and don't look back. Again, unless you have a crystal ball that tells the future you cannot sell at the perfect time, unless you're lucky. Hope that helps.

RoyalGamer1 · April 28, 2018

4 hours ago, w8kdrifter said:

Before beginning mining (assuming you're mining and not just buying BTC), my opinion is that you need a plan. You can never outguess the market. My plan was to sell as often as I could until my equipment was paid off. Once my equipment was paid off I did not care much and thought it would be fun to ride the market, good or bad. So far I have had a ton of fun mining ETH. There are a lot of naysayers but they tend to be negative people anyway. Had I listened to them I would have never began to mine. Sell when you would like and don't look back. Again, unless you have a crystal ball that tells the future you cannot sell at the perfect time, unless you're lucky. Hope that helps.

I don't mine that is a waste of money to buy a rig and then electricity, I just buy and sell BTC way more profitable. before I used to make like $10-$20 an hour back in December with the spikes. i'm still new as I don't buy and sell as much as I did when I first started in late November and it has been a two or so months since ive bought and sold. other then this $40. and when I did buy and sell it was random for the most part I had no strategy for doing it.

and I was asking more for an answer like you should sell after it drops this much and it doesn't climb up at least this much (showing that its going to drop more then climb) in the next climb or something along the lines of that, but I did prove to sell at a pretty good time looking at how the market is right now.

(P.S I did get a more detailed answer on another forum that was along the lines of what I wanted hence why I have a little more knowlage

right now.)