Cash out after having investment trippled in bitcoin! - page 3.

Johnzky

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Quote from: jademaxsuy on June 27, 2019, 10:30:28 AM

My brother had invested in bitcoin where market price has down to 3K usd. Seeing the current market and the needs arisea, my brother had cash out already and I am not surprise that he trippled his money investment. Good for.him but I think it must be hold still if I were on his side. The only problem is that I am not control of his money and seeing him profited in bitcoin makes me regret why I am.not investing and risking money during the bear market.

Who among you here does not hold btc anymore and afraid of investing to bitcoin? Did you regret of not investing on bitcoin too?

I had sold 3/4 of my bitcoin couple days ago when this reached $13,500 and lucky I buy back again in $10,500 yesterday .sofar I earned another 17% since the fee matters and kind of high recently.im looking for another exit and finding chances to transfer in altcoins because thy are in dumping and and I may profit bigger when they started to go along with bitcoin pumping.though I already have 3 altcoins now in my folio and 1 token .

butcherme

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At least your brother already made a profit and not just a small profit but he manage to triple his investment ,
You should be proud of him instead of being envious of his work and learn from his trade learn to take the risk if you wanted to earn like him .

Pursuer

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Quote from: ab1jx on June 29, 2019, 12:21:15 AM

I'm trying to decide if this peak is over. The last one hit $19,000 and some people have speculated this one would reach $20,000. I jumped in at about $4,000 with $450. If this is a peak it's much lower than I expected. We had a few weeks of uncertainty that ended a couple weeks ago when it went from $8k to $12k. This could be more of that. There's power in reinvesting, but you need to wait for the price to drop. Then you make x% profit on more capital, and keep reinvesting. As long as it doesn't go below where you jumped in you're not losing money.

it depends on how you define "peak". you certainly can not compare the recent price rise ($12kish) with the ATH of 2017 ($20k). the former is a simple rise with a peak that followed by a small correction, as expected; but the latter was a big ass bubble followed by a bubble burst as expected.
if you are a day trader then the recent $12k+ was a peak for you and you should have sold and then bought back right away as the correction occurred at ~10% lower price. if you are not a day trader then you should never even think about small corrections like this. we are in a bull market and you should aim for the next bubble which is probably around $100k.

Quote

Since the mining difficulty factor is climbing beyond where it's practical to mine without free electricity like solar, it makes sense that the price is going up. I was surprised the last low only got down to about $4k and not more like $400, but that's probably what the future holds.

mining difficulty and its cost are not the factors deciding the price, they never have been and never will be.

lienfaye

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He gained profit already thats why he sold his bitcoin for me its a good decision. It just depends on your target price so I think he is contented with what he gained.

I sold some of my btc as well last month, the price is not that high compared to the current value but I dont have regrets since I bought my btc when the value is at $3k.

If you earn then take profit, you dont need to wait for ath because you'll never know the specific amount until the value is declining already.

xSkylarx

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Quote from: jademaxsuy on June 27, 2019, 10:30:28 AM

Who among you here does not hold btc anymore and afraid of investing to bitcoin? Did you regret of not investing on bitcoin too?

I'm still holding my btc since 2016. Sometimes I regret that I didn't sell when it was $20k but my main goal is really long term. Bitcoin has really a big potential to grow in the future so I am holding it as much as I can and I can still sustain myself from my other incomes. Next year on halving I'll see where bitcoin will go and decide if I should sell that time.

ab1jx

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Anybody else read Andrew Cook's articles? There's a copy of part 1 at https://www.reddit.com/r/BitcoinMarkets/comments/274wbs/how_to_make_money_trading_bitcoin_day_1_of_5/ but there are 4 more parts, you'll have to search for them, the first 3 or 4 are the most important.

I'm trying to decide if this peak is over. The last one hit $19,000 and some people have speculated this one would reach $20,000. I jumped in at about $4,000 with $450. If this is a peak it's much lower than I expected. We had a few weeks of uncertainty that ended a couple weeks ago when it went from $8k to $12k. This could be more of that. There's power in reinvesting, but you need to wait for the price to drop. Then you make x% profit on more capital, and keep reinvesting. As long as it doesn't go below where you jumped in you're not losing money.

Since the mining difficulty factor is climbing beyond where it's practical to mine without free electricity like solar, it makes sense that the price is going up. I was surprised the last low only got down to about $4k and not more like $400, but that's probably what the future holds.

Apes

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honestly not only that miss this golden opportunity for gaining profits many times, the bad think when the awaited time came when BTC 3K, I instead spent money on daily necessities, became short of money at that time. the opportunity does not come twice, maybe I have to wait a long time if I want to invest BTC on 3K.

mikelsmith2020

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Most of us in the trading industry only makes sure profit since we are only referring to technical analysis and it's not always 100% working all the time that's why most of us are contended on 3%-5% profit but only for day traders but as what I've seen in your investment you are doing a long term holding right? well you got lucky to earn 3x of your investment.

Crypto Girl

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Quote from: Pumared on June 28, 2019, 09:27:41 PM

When Bitcoin fell in price to 3K, it was obvious that this climb would one day arrive. Since its inception, it has always been so. So take advantage of the lows and corrections.

But the thing is some didn't realize this and just think that bitcoin will have nowhere to go but when they see it's doing good they will be the most fomo and buy in panic, how ironic tho.

Personally, I already take profit when it's around $13k and actually a good exit since I decently profited. I know some will hold it until new ath and perhaps it's not being greedy hence everyone have their own strategy on how to juggle their bitcoin

michellee

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Quote from: Vishnu.Reang on June 28, 2019, 10:19:52 PM

I first invested Bitcoin in 2017, when the prices were around $1,000 per coin. My initial investment went up by 20x in 2017, but the next year it went down by as much as 85%. After my initial investment, I never purchased any coins from the market. Most of my revenue after that came from signature campaigns and bounties. But now the big question is when to cash out, and how to do that.

The time to cash out is when we can see our initial investment can grow more than 3 times or 5 times and if somehow, it can grow more than 10 times like we already have seen before, then that will be the best time to cash out. We will need to wait for a long time again if we do not cash out and I don't think people can wait too long. We can use alarm and set the price to ring so when the price of the coin reached the price we want, the alarm will ring, and we can know that the time is come to cash out.

Vishnu.Reang

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I first invested Bitcoin in 2017, when the prices were around $1,000 per coin. My initial investment went up by 20x in 2017, but the next year it went down by as much as 85%. After my initial investment, I never purchased any coins from the market. Most of my revenue after that came from signature campaigns and bounties. But now the big question is when to cash out, and how to do that.

shoreno

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Quote from: Fredomago on June 28, 2019, 09:15:14 PM

Quote from: Julunguul on June 28, 2019, 09:09:20 PM

Regret is certainly there but we also don't even predict that something like this can happen right?
Although it only differs in price and chart level each year. The only difference is the profit that can be obtained.

For some instances there's difference but there's no one among us who can exactly predict the next movements so cashing out with decent profits is far better than keep on waiting and stress yourself when downfalls hits you up, investment should be for benefits and nothing else.

based on what you said i can sense that you are not a patient person , you cant wait for the price to rise more but you are already contented on the small sure profits .

well theres nothing wrong with that if that is your strategy but most of investors are going to prefer long term because long term is more beneficial than short and mid term investing .

there is no danger because btc can still recover no matter how hard it fall . you just only need to stay away from the market for a while to avoid emotions .

cramcram21

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Quote from: jademaxsuy on June 27, 2019, 10:30:28 AM

My brother had invested in bitcoin where market price has down to 3K usd. Seeing the current market and the needs arisea, my brother had cash out already and I am not surprise that he trippled his money investment. Good for.him but I think it must be hold still if I were on his side. The only problem is that I am not control of his money and seeing him profited in bitcoin makes me regret why I am.not investing and risking money during the bear market.

Who among you here does not hold btc anymore and afraid of investing to bitcoin? Did you regret of not investing on bitcoin too?

I think he did the right thing he already gain a huge profit so why not take it all .
And besides I think that your brother would surely invest in crypto again soon maybe he is just taking a break right now.
And yes I also regret of not investing in Bitcoin too but I have my own reason for it if I could invest my money back then why wouldn't I take the risk .

Getmon

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I already have my own little share of BTC. I don't have much but I intend to keep it until BTC will reach $50,000 or more. I am not in a hurry. I can support my needs without withdrawing them. If I have extra savings in the future, I will just invest a little more in BTC, and some solid altcoins, too.

I don't have many regrets. Perhaps, it was just a waste not to buy and sell as often as possible. I was reluctant to sell my BTC during its ATH moments. I wasn't confident enough to decide on when to enter and exit.

Fredomago

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Quote from: Julunguul on June 28, 2019, 09:09:20 PM

Regret is certainly there but we also don't even predict that something like this can happen right?
Although it only differs in price and chart level each year. The only difference is the profit that can be obtained.

For some instances there's difference but there's no one among us who can exactly predict the next movements so cashing out with decent profits is far better than keep on waiting and stress yourself when downfalls hits you up, investment should be for benefits and nothing else.

Pumared

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When Bitcoin fell in price to 3K, it was obvious that this climb would one day arrive. Since its inception, it has always been so. So take advantage of the lows and corrections.

Julunguul

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Regret is certainly there but we also don't even predict that something like this can happen right?
Although it only differs in price and chart level each year. The only difference is the profit that can be obtained.

Oceat

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Your brother made the right choice if he just wants the profit for trading and doesn't have a plan to hold for long-term investment. If you feel bad for him then tell him to make him realize what could be the possible thing that waits for him in the future if he just holds it for a long time. He may not realize or fully aware of the situation of the market if he just sells it away after seeing it tripled the price.

coinholic

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The crypto space is certainly full of regrets. But that's just how things are. We feel regret towards the success of others because we think, I could have been him! And I'm sure that many of us here, if not all of us felt this way at some time. But of course, this is a form of learning that we should take advantage of. Don't regret that you could have done something good. Because you can always do it in some other way or opportunity. Just be optimistic and things will turn out well.

goolesby

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I also think so. However, important for me to divide my Bitcoin into some for investment and some for trading. And when trading, cashing out some funds are good ideas if we have more profits, but not all of the funds are cashed out. We must split them. Actually, I'm not afraid of investment, but I only have limited funds to invest or trade.

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