there is nothing wrong with withdrawing cash and taking advantage of the proceeds from the sale of bitcoin, because in my opinion investing in btc is the freedom that btc investors can get, because we will not know the price of btc this year whether it will continue to rise or will fall again, so in this case it depends on the person making the investment whether to take profits or not,
but I personally will do my best to hold the remaining btc in my wallet, hopefully the price of btc will continue to rise.
Topic: Do you withdraw bitcoin this week? - page 5. (Read 691 times)
the price of bitcoin does go up little by little, and in my opinion this is a good thing because a few months ago the price of btc was very low until it reached 19000, but in my opinion with the price increase now I don't think it's time to sell bitcoin, because it can still be said that it is still cheap for the current btc price, except for those who invest in bitcoin for the short term. but if I personally will sell btc above 60000, that is so I can get a high profit
If you can hold longer and only sell when bitcoin is above $60k, that's a good thing. But there is nothing wrong with those who decide to sell now as long as they have made a profit and are sticking to their plan. Not everyone has the same investment plan, some like the long term, and some like the short term.
Depending on each person's ability, they have different options, there is no guarantee that short-term investments will not bring returns, and there is no guarantee that long-term holdings will yield better returns in short term.
the price of bitcoin does go up little by little, and in my opinion this is a good thing because a few months ago the price of btc was very low until it reached 19000, but in my opinion with the price increase now I don't think it's time to sell bitcoin, because it can still be said that it is still cheap for the current btc price, except for those who invest in bitcoin for the short term. but if I personally will sell btc above 60000, that is so I can get a high profit
Bitcoin is best for the long term. There may be some who want to play with the volatility of the price, but it is risky and difficult. After all, you cannot really predict the small-term movements of the price with a high level of accuracy. That's no matter how good you are in analyzing charts and detecting patterns and whatnot. So to sell at $28,600 after buying at $23,400 is too early I guess. Well, that's already a good profit. But what's next? Will you be waiting for the price to go back somewhere at your buying price for the buy back?
it is still too early to just take a small profit. bought $23,400 and sold $28,600, still both in the 20k price area. Even though the last ATH is still long enough to achieve. I am currently focusing more on the DCA strategy, buying in stages with the small amount that I have allocated. Long term suits me better, as trying to trade short term is extremely stressful and my predictions are not accurate. I can't do technical analysis well, there will definitely be some mistakes.
Doing DCA and monitoring prices, better done now. When the price crashes it's time to start buying and adding assets, the last ATH price becomes the closest target.
Bitcoin is best for the long term. There may be some who want to play with the volatility of the price, but it is risky and difficult. After all, you cannot really predict the small-term movements of the price with a high level of accuracy. That's no matter how good you are in analyzing charts and detecting patterns and whatnot. So to sell at $28,600 after buying at $23,400 is too early I guess. Well, that's already a good profit. But what's next? Will you be waiting for the price to go back somewhere at your buying price for the buy back?
I'm sured people who invest on bitcoin early March will likely get increase as of last month the price was lower compared to ending. Early March it around $23,400 but today is up to $28,600. I know impatient investors will grab the hot cake and run out of the fry pan Lol. But still hoping to use the fry pan again. This little pump shows the possibility of huge pump coming. If you're holding hold tiet and if you don't have and if wish to buy is still good ideas. Also if you withdraw is your money enjoy.
Keep the record that it will pump no matter the delay.
Keep the record that it will pump no matter the delay.
Based from my experience in the cryptocurrency space ever since I joined here since 2017, it is important to have a designated plan on the amount of BTC you are willing to take as profit/loss.
I remember back in 2021, there was a surge on the price of BTC where it reached a peak price of $60,000 on the market. I HODL and earned around $2,000 worth of BTCs and I did not convert it to my local currency due to the hopes of thinking that the price would continue to increase. Fast forward, the price fell off and my investments went down from $2,000 to just $800 on its value.
The lesson here is to create a plan on how much profit/loss you are willing to take. You should determine on how many BTCs you are willing to HODL vs the BTCs you are willing to cashout in the process.
I'm sured people who invest on bitcoin early March will likely get increase as of last month the price was lower compared to ending. Early March it around $23,400 but today is up to $28,600. I know impatient investors will grab the hot cake and run out of the fry pan Lol. But still hoping to use the fry pan again. This little pump shows the possibility of huge pump coming. If you're holding hold tiet and if you don't have and if wish to buy is still good ideas. Also if you withdraw is your money enjoy.
Keep the record that it will pump no matter the delay.
Micro pumps and dumps are just totally an ordinary day here on crypto space on which it is really just that right whether you do sell on securing your profits or would really just that accumulate and you would be doing on selling in one bulk transaction.Each of us does have different target when it come to our holdings on which some people would be going after for long term and there are ones who do go for short term duration.Keep the record that it will pump no matter the delay.
In my case, i do actively withdraw my coins because i do have some expenses for me to pay and make use on.Most of my crypto income is really that something been cashed out
if ever i do make out profits.
I think Bitcoin will pump more and it's just beginning of pumping. So it's not a wise decision to withdraw Bitcoin so quickly. If you want to grab more profits hold it till the next bull run. Again anyone can enter the market now as it's didn't pumped too high.
As you have assurance that the price of Bitcoin will continue pumping I which it happen more than our expectationseverybody have his/her own market target price when to sell and when to buy Bitcoin.i will never stop anybody from selling it Bitcoin sofar it make a profit, because i do see that as business strategy. Yes i agree with you that bull run is coming but I don't think it yet there, and nobody can tell whether the price of Bitcoin will drop again. And as for market entering I always believe you can enter Bitcoin market at anytime sofar it long term Bitcoin investor because it hard to target market entering some time.
Not every investor in bitcoin is an impatient being who hurried to cash out their profits because of the price of bitcoin is dropping. The main goal of many investors in the cryptosphere is to wait for bitcoin's price to increase more than they expected before they withdraw their profits. The majority of investors in crypto is not just concerned with the price changes they are currently seeing (increases and decreases). Someone who tends to withdraw their profits at this time would undoubtedly reinvest when bitcoin's price may have somewhat dropped.
I'm sured people who invest on bitcoin early March will likely get increase as of I know impatient investors will grab the hot cake and run out of the fry pan Lol. But still hoping to use the fry pan again. This little pump shows the possibility of huge pump coming.
I don't care much on those who sell but, I particularly care about the reasons for which you might sell and the amount you sell. Selling all your crypto portfolio is messed up and selling for the sole reason of taking profit or selling wen you've got other means to solve whatever might be bordering you don't always seat well with me.Still, it's left for the investor to always decide what to do with there coins and its always tempting to want to sell after enduring a long bearish market but, you could always endure the bullish market as well. That's with the believe that the best you would get is ahead of you.
I'm sured people who invest on bitcoin early March will likely get increase as of last month the price was lower compared to ending. Early March it around $23,400 but today is up to $28,600. I know impatient investors will grab the hot cake and run out of the fry pan Lol. But still hoping to use the fry pan again. This little pump shows the possibility of huge pump coming. If you're holding hold tiet and if you don't have and if wish to buy is still good ideas. Also if you withdraw is your money enjoy.
Keep the record that it will pump no matter the delay.
Keep the record that it will pump no matter the delay.
I have to withdraw Bitcoin to convert to fiat money because it is the end of the month and needs to settle bills, pocket money, groceries etc. It is good to accumulate Bitcoin but don't forget that we need to live in order to enjoy our bitcoin investment. So I think it does not do harm if every now and then we cash out for our expenses. Of course we can always replenish it if we got fiat funds from our works and other side jobs.
I think Bitcoin will pump more and it's just beginning of pumping. So it's not a wise decision to withdraw Bitcoin so quickly. If you want to grab more profits hold it till the next bull run. Again anyone can enter the market now as it's didn't pumped too high.
I'm sured people who invest on bitcoin early March will likely get increase as of last month the price was lower compared to ending. Early March it around $23,400 but today is up to $28,600. I know impatient investors will grab the hot cake and run out of the fry pan Lol. But still hoping to use the fry pan again. This little pump shows the possibility of huge pump coming. If you're holding hold tiet and if you don't have and if wish to buy is still good ideas. Also if you withdraw is your money enjoy.
Keep the record that it will pump no matter the delay.
as you said taking profits when the price goes up for me is a dream, because a small pump has given me profit so I take this opportunity Keep the record that it will pump no matter the delay.
Taking advantage of making a small profit while holding on to them is also beneficial. It instills confidence in traders, particularly those who are new to the market. Too many losses without profit can sometimes lead to discouragement.
As a bitcoin investor, I understand what the future holds for bitcoin and when to seize opportunities. Selling when I make a small profit is not a sign that I'll fail or that I've failed completely. I'll be able to buy again, which makes me optimistic because I'm ready to seize the opportunity. When you understand bitcoin and its market, you can make a lot of money even before the market goes on a long uptrend.
As a bitcoin investor, I understand what the future holds for bitcoin and when to seize opportunities. Selling when I make a small profit is not a sign that I'll fail or that I've failed completely. I'll be able to buy again, which makes me optimistic because I'm ready to seize the opportunity. When you understand bitcoin and its market, you can make a lot of money even before the market goes on a long uptrend.
Nothing wrong with withdrawing cash.
While some may withdraw their fiat money to enjoy, some will withdraw thier BTC out of the exchange also to prepare for the coming bull run.
Sure, everyone has the right to withdraw their own money at any time.While some may withdraw their fiat money to enjoy, some will withdraw thier BTC out of the exchange also to prepare for the coming bull run.
Yep. People who are serious to invest in Bitcoin and know well its potential, prefer to withdraw their BTC from exchanges to their private wallets. They should have no reason to convert BTC to fiats now because it is just a little pump. Most long-term investors must target a new ATH to sell their Bitcoin, right?
Nah, I'm not selling my Bitcoin anytime soon. Yeah, right now I'm already in profit, but I'm gonna wait until at least $100K, I know it's possible in a few years or so.
Me, too. I also don't sell my Bitcoin yet. But I never target it should be $100k, it is too speculative. No one knows how far Bitcoin to increase in the next bullrun.
Depend on every trader or investor about taking profit or not, but I don't think all trader agreed for taking profit and withdraw their bitcoin assets although price have been up. You right about Bitcoin have been up from $23K to $28K in one month but many trader still have bigger hopes for Bitcoin get back to top price or near close with all time high record last two years.
OP you can withdraw your Bitcoin profit as soon possible do you want, but better waiting awhile for Bitcoin have been stable on $28K and have potential back above $30K in this April, seems have new progress for Bitcoin price in this month and reach back to higher price. But if you worried with Bitcoin will back drop or lower price is not matter for taking profit and withdraw your Bitcoin assets to fiat.
OP you can withdraw your Bitcoin profit as soon possible do you want, but better waiting awhile for Bitcoin have been stable on $28K and have potential back above $30K in this April, seems have new progress for Bitcoin price in this month and reach back to higher price. But if you worried with Bitcoin will back drop or lower price is not matter for taking profit and withdraw your Bitcoin assets to fiat.
At every instance I get to buy, I so so without any hesitation and whenever the need to sell comes, I also do so without any hesitation as well.
I have one concept of savings which is saving to be saved and since I don't know what the future holds, I always try my best and leaving the rest for God.
I saw the spike in price pump and I was really tempted to sell because I was already having a nice profit on my money but since there was no need for me to sell, I'm still holding and it seems the market is actually not stable for now and I will advice that we try to hold much more longer but if there is a need to sell, please do without any regrets but do well to buy at every Instance you get as well
I have one concept of savings which is saving to be saved and since I don't know what the future holds, I always try my best and leaving the rest for God.
I saw the spike in price pump and I was really tempted to sell because I was already having a nice profit on my money but since there was no need for me to sell, I'm still holding and it seems the market is actually not stable for now and I will advice that we try to hold much more longer but if there is a need to sell, please do without any regrets but do well to buy at every Instance you get as well
I don't know what tools you are using to track prices.
But from my end, the BTC price is currently in the range of $28,000 to $28,400 dollars.
Those who bought earlier lots have already taken profit, which is always a good thing to do when one sees it, but taking profit all depends on the holder and their decision before the move to purchase the BTC was made. As for me, I am still holding strong irrespective of the amount I see today because I have made a promise to hold it for a long time, which is for about 4 years and above, since I don't have any intention of using the fund for anything in the near future. So if one invests for short-term profit, probably those who bought at 23K and pulled out at 28K have made a whole lot of profit.
But from my end, the BTC price is currently in the range of $28,000 to $28,400 dollars.
Those who bought earlier lots have already taken profit, which is always a good thing to do when one sees it, but taking profit all depends on the holder and their decision before the move to purchase the BTC was made. As for me, I am still holding strong irrespective of the amount I see today because I have made a promise to hold it for a long time, which is for about 4 years and above, since I don't have any intention of using the fund for anything in the near future. So if one invests for short-term profit, probably those who bought at 23K and pulled out at 28K have made a whole lot of profit.
Sorry, it was error type about the price, I did mean to said $28,600. Yes bitcoin is actually a personal responsibility of when, how and what to do and manage your own account
I'm sured people who invest on bitcoin early March will likely get increase as of last month the price was lower compared to ending.
You can take profit right now, no one is stopping you from doing it for whatever reason.While I am still very optimistic about holding on for longer timeframe and trying to ignore the current market volatility. You can also hold whatever percentage of profit you are currently getting, because selling and holding are subjective and must be adjusted to your investment plan.
But first, try to get realtime prices before you make misleading statements about prices.
I'm sured people who invest on bitcoin early March will likely get increase as of last month the price was lower compared to ending. Early March it around $23,400 but today is up to $26,800. I know impatient investors will grab the hot cake and run out of the fry pan Lol. But still hoping to use the fry pan again. This little pump shows the possibility of huge pump coming. If you're holding hold tiet and if you don't have and if wish to buy is still good ideas. Also if you withdraw is your money enjoy.
Keep the record that it will pump no matter the delay.
My wallet is composed of two parts, one is for long term hold and one is for short term ones on which i do make trade off which means that one wallet is really that intended for some future useKeep the record that it will pump no matter the delay.
neither it would really be just in short for me to spend it out if the time is needed which it is really that something that i had planned since from the start.This is why im not really that much worried on my
long term holds. Come to know that i've been doing short trades with Bitcoin and accumulates it, which means that i could really be able to patch it up in case i did make a good profitable
trade.This is why It does really depend on how you would consider out on making one.
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