How difficult is it to sell your position? - page 3.

Kemarit

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Quote from: player514 on October 19, 2017, 12:30:00 AM

Quote from: chaitanyagoa on October 08, 2017, 05:28:10 PM

HI guys,

I see a lot of us buying/investing in a lot of crypto currencies but my question is how to cash out of them? Is it as easy as buying them? Or are they limits?

Thanks

It heavily depends on how much you're trying to get out. I generally take out smaller amounts (around 100-200$ here and there when I need it). With this amount, I have literally no trouble and I generally deal with people who offer currency exchange services. It's easier than using an exchange for that small of an amount. For larger amounts, you probably end up paying a fee amount based on the exchange service.

I also get what I only needed. Probably around $100-$200 for me as well. I don't usually get all my coins, so that I still have some with the market price goes up. The method is get it from my desktop wallet and transferred it to my local exchanges wallet then convert it to our local currency. We have a cash out limits though, but like I said, I don't withdraw all my bitcoins so I haven't maximize my withdrawal capacity. But for the limits, I think it really depends on the exchanges, on what level of your verification has. Because our local exchanges has that kind of levels in terms of withdrawal. But I didn't bother to submit more info as I think I can't really reached that amounts of withdrawal anyways.

Hasbro27

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if still learning like me to determine when a good buy and sell position is still difficult, maybe if the experienced and have big capital in my opinion it is not difficult.

taktik

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Quote from: johnwest on October 19, 2017, 01:16:25 AM

Depends on the local exchange where you are buying or selling. There are many limits in many countries and depends on the taxes too. It is quite difficult if you convert to fiat all the time but I dont think there will be any problems only for trading.

nevertheless, it still depends on how difficult it is to touch on a particular exchange. That is, I mean, is there a real and complex identity index on the account, if of course the exchange makes such requests. To date, there is already information about account bans on bittrex, which in turn creates some problems for trading.

johnwest

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Depends on the local exchange where you are buying or selling. There are many limits in many countries and depends on the taxes too. It is quite difficult if you convert to fiat all the time but I dont think there will be any problems only for trading.

player514

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Quote from: chaitanyagoa on October 08, 2017, 05:28:10 PM

HI guys,

I see a lot of us buying/investing in a lot of crypto currencies but my question is how to cash out of them? Is it as easy as buying them? Or are they limits?

Thanks

It heavily depends on how much you're trying to get out. I generally take out smaller amounts (around 100-200$ here and there when I need it). With this amount, I have literally no trouble and I generally deal with people who offer currency exchange services. It's easier than using an exchange for that small of an amount. For larger amounts, you probably end up paying a fee amount based on the exchange service.

boyptc

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Quote from: chaitanyagoa on October 08, 2017, 05:28:10 PM

HI guys,

I see a lot of us buying/investing in a lot of crypto currencies but my question is how to cash out of them? Is it as easy as buying them? Or are they limits?

Thanks

It's so much easy to cash out our bitcoins and even our alt coins. Where do you live? There must be some exchanges out there where you can transfer your bitcoins and just use the service of that exchange. You can also try to trade personally with the people near you and exchange it with instant cash. Selling it is much easier because of the exchange and yes, it's the same as buying them. They have limits but my question is how many would like to sell/buy?

Asmonist

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I guess its not difficult. There are lots of option to sell. The difficult is what or whom would you exchange it for. You need to read and understand every details. Selling is a risk so you must be careful in choosing the right one.

yojodojo21

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In my country, I use Coins.ph wallet, it is too easy and fast transaction through online bank Transfer and sometimes I cash out my money through Remittances. There are many wallets that can transact via bank online, I think Blockchain is the most Popular, but i don't no if it is just specific for one place.

gadimbrut

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for investment in crypto is very easy and to whitdraw the cash cote in place of exchange very easily equal to time deposit. excess investment in crypto is the ease of transacting.

Weawant

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Quote from: stepwilli on October 17, 2017, 03:01:18 AM

Quote from: roddy5 on October 14, 2017, 04:02:38 AM

Quote from: chaitanyagoa on October 08, 2017, 05:28:10 PM

HI guys,

I see a lot of us buying/investing in a lot of crypto currencies but my question is how to cash out of them? Is it as easy as buying them? Or are they limits?

Thanks

It's like having a share on a big company on your country, You need to decide when to buy or sell it.

Buying and selling of anything especially something related to your business in which profit or loss is concerned is really a difficult thing to decide. It all depends on your smartness and knowledge level which can help you in making better decision which can help in performing better. Buying at the time when prices are low and selling at time of good profit seems reasonable to me.

But it would be reasonable more if you buy on the right time but its so difficult to tell on when is the right time to do that since there is so many bad fuds that can even block us to spot the correct timing. But for this we should be ready to have a back up funds so if our first buy will lose we had a funds to buy again to retrieve back the losses for the first trade we placed.

stepwilli

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Quote from: roddy5 on October 14, 2017, 04:02:38 AM

Quote from: chaitanyagoa on October 08, 2017, 05:28:10 PM

HI guys,

I see a lot of us buying/investing in a lot of crypto currencies but my question is how to cash out of them? Is it as easy as buying them? Or are they limits?

Thanks

It's like having a share on a big company on your country, You need to decide when to buy or sell it.

Buying and selling of anything especially something related to your business in which profit or loss is concerned is really a difficult thing to decide. It all depends on your smartness and knowledge level which can help you in making better decision which can help in performing better. Buying at the time when prices are low and selling at time of good profit seems reasonable to me.

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Quote from: Kevondo on October 16, 2017, 12:17:09 PM

Quote from: BarbieCasino on October 15, 2017, 11:48:31 AM

Quote from: ocid on October 13, 2017, 08:30:15 AM

the only way to exchange the money we have primarily on other types of bitcoin or crypto is to use the local bitcoin market exchange available in every country. That way bitcoin users will find it easier to exchange bitcoins into real currency they use. Any exchange on localbitcoin should have a limit on the amount of exchange rate, It aims to minimize pending transactions, and all transactions can be faster and more efficient.

Yes no doubt the cashing of the bitcoin to the fiat is not the big deal because the bitcoin is getting the more space and now the bitcoin importance of eh bitcoin is just because it is now reliable of the using and the spending, the value of the money is all about the investment. The more we invest the more we get from it, the bitcoin is having a lot of things in our life and the price of the bitcoin will be the best thing ever so it’s easy to panic and the transact nothing is difficult.

I think the most difficult is not the thing what you are saying but it is now very difficult ot avoid the falling price and the high price of the transaction so if you will have the money and you want to invest that money in the right place the n hold the money and invest it because now in the bitcoin all the things are getting easy and more reliable to maintain for the fix and the easy income for so as the bitcoin is the demand of the day.

That's is how bitcoin is designed here. There is fluctuatation always in the price chart from the 2013 to nos. Some bumps takes us flight and dumps but us in well. We should not worry about it and hold the coins for long term. If you invested in neo bought for 1 btc means you will be able get the big value for the amount invested. So choose option and invest.

Kevondo

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Quote from: BarbieCasino on October 15, 2017, 11:48:31 AM

Quote from: ocid on October 13, 2017, 08:30:15 AM

the only way to exchange the money we have primarily on other types of bitcoin or crypto is to use the local bitcoin market exchange available in every country. That way bitcoin users will find it easier to exchange bitcoins into real currency they use. Any exchange on localbitcoin should have a limit on the amount of exchange rate, It aims to minimize pending transactions, and all transactions can be faster and more efficient.

Yes no doubt the cashing of the bitcoin to the fiat is not the big deal because the bitcoin is getting the more space and now the bitcoin importance of eh bitcoin is just because it is now reliable of the using and the spending, the value of the money is all about the investment. The more we invest the more we get from it, the bitcoin is having a lot of things in our life and the price of the bitcoin will be the best thing ever so it’s easy to panic and the transact nothing is difficult.

I think the most difficult is not the thing what you are saying but it is now very difficult ot avoid the falling price and the high price of the transaction so if you will have the money and you want to invest that money in the right place the n hold the money and invest it because now in the bitcoin all the things are getting easy and more reliable to maintain for the fix and the easy income for so as the bitcoin is the demand of the day.

Biggapp

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Quote from: Rinsend on October 14, 2017, 08:52:57 AM

if my way of investing I make a large purchase,
well when selling I do a high price selling system,
but sometimes find problems with altcoin prices are down, the way to overcome is when the selling price down to 20% sure I will immediately cut loss on my investment.
and move it to another coin that I predict will be more profitable

The market is the main key to buy or to sell the things if you are having the high income and you want to invest the money in the bitcoin then it’s good to hold the bitcoin and buy for the long time. The money of the bitcoin is good to invest and the market of eh bitcoin is getting now popular the income with the bitcoin is increasing because the high people are investing and they are having huge income in the bitcoin as the price increasing.

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Quote from: ocid on October 13, 2017, 08:30:15 AM

the only way to exchange the money we have primarily on other types of bitcoin or crypto is to use the local bitcoin market exchange available in every country. That way bitcoin users will find it easier to exchange bitcoins into real currency they use. Any exchange on localbitcoin should have a limit on the amount of exchange rate, It aims to minimize pending transactions, and all transactions can be faster and more efficient.

Not all countries do have their own local wallet provider which would really be easily to cash out or to exchange those coins that they had thats why they would really need exchangers which would really convert it to fiat and transfer it on their decide payment option.Back in the past i do have a hard time on doing such thing but when the time comes that local wallet provider is already available in my country it does really give big convenience on me.

BarbieCasino

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Quote from: ocid on October 13, 2017, 08:30:15 AM

the only way to exchange the money we have primarily on other types of bitcoin or crypto is to use the local bitcoin market exchange available in every country. That way bitcoin users will find it easier to exchange bitcoins into real currency they use. Any exchange on localbitcoin should have a limit on the amount of exchange rate, It aims to minimize pending transactions, and all transactions can be faster and more efficient.

Yes no doubt the cashing of the bitcoin to the fiat is not the big deal because the bitcoin is getting the more space and now the bitcoin importance of eh bitcoin is just because it is now reliable of the using and the spending, the value of the money is all about the investment. The more we invest the more we get from it, the bitcoin is having a lot of things in our life and the price of the bitcoin will be the best thing ever so it’s easy to panic and the transact nothing is difficult.

atc1-REAL

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While its true that some of the exchanges have had problems in withdrawing fiat, most of the established exchanges do it as easily as making a payment with your bank account. As far as your country is concerned, there must be at least one established exchange which has to function as per the law of the land, so it will be easy to bring charges against them. Consider mintpal, which for a time was one of the most popular altcoin exchanges around, but its owner got greedy and tried to siphon off the coins in it. There was a class action suit against him, and voila: https://www.cryptocoinsnews.com/alleged-moolah-fraudster-ryan-kennedy-faces-first-court-hearing/

syaripudin

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I saved some bitcoins that I have on one of the wallet sites that I think this site has a pretty good security level. besides that many interesting features offered on this site, among others, I can directly swap BTC that I have to fiat without me having to go into the crypto trading feature first. even this site is very easy for us to transfer bitcoin that I have swapped into fiat to account number that I have in bank. just need a little biyaya administration that I must remove course I can directly transfer the fiat that I have this site my account number that I have in the bank. and that I can do anytime of course delivery process does not take long this is very easy.

jamids

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Quote from: chaitanyagoa on October 08, 2017, 05:28:10 PM

HI guys,

I see a lot of us buying/investing in a lot of crypto currencies but my question is how to cash out of them? Is it as easy as buying them? Or are they limits?

Thanks

It depends on what country you are cashing it out. As for me, we have a local base platform and we can just exchange our bitcoin to its fiat value base on our local currency and then transfer it to our bank account or even in another person's bank account. We also have the option of cashing it out in money exchanges if we don't have a bank account. The platform that we are using needs verification first of our identity before we can do this transaction like buying and selling bitcoin and there are limits to how much we can buy and sell daily and monthly.

Colt22

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Quote from: aidaanakida on October 11, 2017, 08:41:39 PM

Quote from: chaitanyagoa on October 08, 2017, 05:28:10 PM

HI guys,

I see a lot of us buying/investing in a lot of crypto currencies but my question is how to cash out of them? Is it as easy as buying them? Or are they limits?

Thanks

in simple way from deposit until witdraw look like this :
your bank --> local exchanger --> crypto exchanger --> Marketplace -->crypto exchanger -->local exchanger --> your bank

Buying or selling of bitcoin is not at all any difficult task to do. Like you mentioned, it is just the transformation of your paper money into crypto currency like bitcoin or any other coin and then back to paper money at the time of need. There is no rocket science in this thing. You only need to look for reliable exchange in order to remain safe.

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