At the preliminary glance, the answer seems to be very simple to this question, “how much should I sell Bitcoin for”. Certainly, you must try to sell it at the highest market rate available, and by all means above the cost price at which you purchased it. But in practice, a trader oscillates between maximizing his profits and minimizing his losses. There are many dynamics involved in the crypto market, which must be taken care of well, while deciding on how much Bitcoin should be sold for, and also how much percentage should be sold out of the total holdings.

How Much Should You Sell Bitcoin For
Traders who invested in early, around 2009 -2012 say, Bitcoin paid off in a big way for them. They sold early, did not have to wait long term, and made huge profits. The market is slower compared now, but you still must decide how much you should sell Bitcoin for. The market is very volatile and even seasoned investors try to strategize as to when they must sell their Bitcoin and for how much they should sell it.

sell bitcoin

Consider the Following Points
If you are deciding on how much to sell Bitcoin for, keep a few things clear in mind.

1. For example, you purchased Bitcoin at 1000 USD, and aimed at a profit of another 1000 dollars when you went for the buy. Now as soon as the price of a Bitcoin hits the 2000 USD mark just sell it off. Don't long for more as you can make a safe trade now. Or say, you purchased 2 Bitcoins at 1000 USD each, and just aimed to reap a small 1000 USD profit, then sell off when the price hits 1500 USD. Now this also shows that you can make more money out of Bitcoin if you invest larger sums. (I am not factoring in the transaction or other costs involved for a clear and easy demonstration in the example).

2. If you are an experienced and more practiced trader, you can go for pair trading and know which one to go for a long position and which one for a short position for the legs of the trade pair, and the gap will give you a price to sell for.

3. Yet another perspective is arbitrage betting, where you already bet on the different outcomes with a Bitcoin, and you are sure to make some profits. Now here the price of the Bitcoin you sell depends upon the profit you wish to make, the current price, and the number of Bitcoins you invested.

4. In the next scenario, Bitcoin has crossed the cost price at which you purchased it, however you can afford to hoard it for longer and prices are expected to rise. Then you have to wait. So, the longest period that an investor can hoard Bitcoin for, will affect the decision.

selling bitcoin

Therefore, there cannot be any hard and fast rule as to when to or how much should the Bitcoin be sold for. It is always good to employ a good online trading platform that houses multiple exchanges and helps you decide when to sell a Bitcoin and how much to sell it for depending upon your portfolio. One such name is who is serving the market reputably in this respect.