People talk about investing in Bitcoin all the time, and by investing they mean buying, but selling is another part of investing, and just as important one. There are many strategies for buying, like buying dips, cost-averaging, buying once in few years and so on - but what about selling?
What's a good selling strategy that maximizes profits and minimizes risks? How to sell as close to ATH as possible?
Selling is not quite difficult, it first depends on your motive of coming to the market if you are coming as a short term trader or a long term trader. For a short term trader, you have to first set a goal on the percentage you wishes to attain for that period which you have to keep a realistic value in mind, and then sell immediately you realize it.
For a long term trader, it is difficult to know when the ATH will be, you just have to ensure you buy at dip and once there is an increase that is satisfying, you sell and wait for the market to dump again in future before re investing. We all are expecting to see ATH of $20k, but someone who invested when value was $3k would not tell me that he has not seen enough value at this present price which I think is still ok for profit.