Bitcoin Price Alerts: Get Told When It's Time to Sell

There's a particular kind of tired that comes from refreshing a Bitcoin chart every twenty minutes. You check it in traffic, at work, at 2am. Most of the time nothing much has happened, and when something big does, you miss it anyway.

Price alerts fix that. Set them once, and your phone tells you when the price reaches a level you care about.

Step 1: Decide what you're alerting for

An alert is only useful if it's tied to a decision. The levels most people need:

• Profit targets. The prices at which you plan to sell some. If you haven't set them, read taking profit on Bitcoin in naira first.
• A "review" level. A price below your average cost where you'll stop and reconsider. Our guide to using a stop-loss covers the options.
• A buying level, if you're adding gradually.

Write each one down with the action you'll take: "At $X, sell 25%."

Step 2: Choose where to set them

You don't need anything fancy:

• The exchange where you hold Bitcoin. Most have price alerts in the app.
• A price-tracking app that lets you set custom alerts. Our post on tools and apps to track crypto prices covers the types.
• A simple calendar reminder to check the Bitcoin to naira rate once a day, if you prefer fewer notifications.

Only install apps from the official Google Play or App Store listings, and be wary of "signal" apps that want payment or your exchange login.

Step 3: Dollars or naira?

Most alert tools work in dollars. That's fine for timing the Bitcoin market, but remember what you'll actually spend: naira. Bitcoin's naira price is roughly its dollar price multiplied by the dollar-to-naira rate, so it can move even when the dollar price doesn't.

A practical approach: set alerts in dollars, and when one fires, check the naira amount you'd get before deciding. On KWIQ, the app shows the rate and the exact naira amount before you confirm any sale.

Step 4: Keep it to a handful

Three or four well-chosen alerts beat twenty. If your phone buzzes for every small move, you'll start ignoring it, and then the one alert that matters gets lost. Delete alerts that have done their job.

Step 5: Know what you'll do when it fires

This is where alerts earn their keep. When one goes off:

1. Read the note you wrote: what did you plan to do at this level?
2. Check the naira figure if you're selling.
3. Act, or consciously decide to wait.

If the market is going wild when your alert fires, glance at the Fear and Greed Index. An extreme reading is a reminder to stick to the plan rather than improvise.

Bonus: put live rates on your own site

If you run a blog, a community or a business website, you can show live crypto to naira rates to your visitors with KWIQ's free rate widget, with one line of code.

When it's time to sell

When your target alert fires and you decide to sell, send your Bitcoin to your KWIQ wallet (if it isn't there already), check the rate and naira amount, and confirm. Swapping Bitcoin to naira is free, and naira hits your bank account in just 4 seconds. Download the KWIQ app, or sign up on the web.