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Topic: I have learnt to cash out (Read 2365 times)

legendary
Activity: 1736
Merit: 1000
Truly decentralized stable asset
July 17, 2019, 02:58:54 PM
Those who learn to go to Fiat in time will be the most successful trader. Given the high volatility and speculativeness of cryptocurrency, it is almost impossible to predict the real course of things if you are not making the story yourself. Know or be this is the question).
Taking profits from the crypto trading position can be a big hassle for the inexperienced trader and investor. Speculative markets always show the right and hit with the left. Fiat cash out or selling for the stable cryptos can be a feasible solution in this circumstance.
full member
Activity: 826
Merit: 104
July 17, 2019, 02:57:57 PM
same here i cash out now and try to use fiat money and i know its not cashout time but i lost huge fund and i think i was so emotional .i didnt use my poerfect timing and i have suffered alot but right now i learnt to control myself and i am success Smiley
sr. member
Activity: 1050
Merit: 252
July 17, 2019, 01:12:14 PM
I have learnt that cashout is a serious activity which theses whales are quite conversant with. While you target 50 percent or 300perceont of your return on investment, whales are after the 5 percents because of the fact that they trade with his huge sums of money. So I urge you to trade with your spare funds
The whales played well and with your assessment they can easily dumped and then pumped again the price, if you can work with how those big fats whales do and you able to anticipate their next movements there's a big chance for you to earned, it's timing for both buy and sell orders.
member
Activity: 296
Merit: 10
July 17, 2019, 12:02:23 PM
Hold for the long term with current trade conditions in 2019 must be with the right analysis, at least not to total loss. Choose the right coin because I agree with you that we are indeed at the stage of controlling money.
precisely in this year's market conditions I will not hold my token for too long. the market moves so fast, I sell when it's profitable, and I buy when there's a chance. but when I lose on one asset, I can switch to another asset to return capital.
newbie
Activity: 98
Merit: 0
July 17, 2019, 11:54:19 AM
All people like to make money, cash is indeed a way, but now is a bear market, cash is very low, you can consider staying in the bull market. This may earn more.
member
Activity: 658
Merit: 11
CRYPTO WEB3 NEOBANK
July 17, 2019, 11:42:38 AM
With recent events in crypto currency trades since January 2019, I have learnt to cash out

Crypto currency long term hodl is very good and rewarding no doubts
But we are at a stage where crypto is formed by whales and the money controllers

With the persistent pump and dumps by the whales; crypto is like a game at the moment
Hold for the long term with current trade conditions in 2019 must be with the right analysis, at least not to total loss. Choose the right coin because I agree with you that we are indeed at the stage of controlling money.
full member
Activity: 312
Merit: 100
July 17, 2019, 10:06:42 AM
on the other hand, I went out several times at the wrong time. after my exit my coins did more X2-X3. My last experience was with EGT
wow, that must leave you regret. I've never been like that, and I don't want to be like that. because I always thought I would sell my assets as targeted. when I get profit, I won't expect more. never regret is the key, thankful that you have got it. the most important thing is not to lose.
full member
Activity: 335
Merit: 100
July 17, 2019, 09:53:02 AM
With recent events in crypto currency trades since January 2019, I have learnt to cash out

Crypto currency long term hodl is very good and rewarding no doubts
But we are at a stage where crypto is formed by whales and the money controllers

With the persistent pump and dumps by the whales; crypto is like a game at the moment
Yes, knowing when to cash out is really hard. I used to lose all my money when holding Altcoins, and thought it would increase in the future, so then its price has dumped too much. Lesson is now sold when you are profitable, then forget it.
full member
Activity: 728
Merit: 101
July 17, 2019, 09:49:46 AM
learning how to do cash out is certainly very important, because crypto always has a high risk, not in terms of prices in the market that can suddenly decline, but also the level of crypto wallet security is still lacking, so you should do cash out of your crypto
sr. member
Activity: 807
Merit: 251
World's First Crowd Owned Cryptocurrency Exchange
July 17, 2019, 02:51:31 AM
It is very good to know when to exit. Cash out when you are in profit, 10% profit is good, you don't have to be greedy till it gets to 100% . Unless you are sure of the token you are holding then it is your choice.
on the other hand, I went out several times at the wrong time. after my exit my coins did more X2-X3. My last experience was with EGT
member
Activity: 644
Merit: 10
COVIR.IO
July 17, 2019, 02:05:28 AM
With recent events in crypto currency trades since January 2019, I have learnt to cash out

Crypto currency long term hodl is very good and rewarding no doubts
But we are at a stage where crypto is formed by whales and the money controllers

With the persistent pump and dumps by the whales; crypto is like a game at the moment

Its true for majority of coins out there. Recently, the pump and dump thing are very common on most crypto because of the recent condition of the market. Now its a battle of strategy. The one with a good strategy wins. In this time of crypto market, its better to set a target. When you reach that target, it means get your profit and cash out. But if you are a patient guy, then holding your coin for a long time might benefit you.

I agree, by setting a price target or profit, we avoid being greedy. Setting at a price or profit we want is important because of high price fluctuations and we can deal with these fluctuations if we have set the price or profit we want
sr. member
Activity: 1428
Merit: 251
July 17, 2019, 01:40:49 AM
With recent events in crypto currency trades since January 2019, I have learnt to cash out

Crypto currency long term hodl is very good and rewarding no doubts
But we are at a stage where crypto is formed by whales and the money controllers

With the persistent pump and dumps by the whales; crypto is like a game at the moment

I agree that crypto is a game of moment. If we sell at the right price and time, we will get a big profit but if we mistakenly sell altcoins with good products at low prices, we will definitely suffer losses. Not all altcoins can be used as long-term investments and many altcoins that I think are like hit and run games
hero member
Activity: 2520
Merit: 952
July 16, 2019, 10:32:20 PM
Wish I had learnt the same a while ago, had lots of money didn't cash out a single bit. Some coins are lot of down, some exit scammed, I am back where I started.
sr. member
Activity: 938
Merit: 251
July 16, 2019, 09:26:03 PM
We still need a consistent checking on our wallets and balance for a trade, price varies from time to time and heavily controlled by some wales on the market, get news and be updated, it's better to be early than late. Only coins with potential have less risk for a long term hodling
full member
Activity: 854
Merit: 101
Polkadog - Multi-Chain Defi Meme
July 16, 2019, 09:16:10 PM
That's true just yesterday Bitcoin was trading at $10,400 and everything looks fine and Bitcoin is going to recover, then suddenly Bitcoin is down 12% it's now at $9545 and so are the other altcoins in the market, if you do not cash out or sell none performing coins, there should always a point where you need to make a profit and selling it at the right time is a good decision.
you are right, the most important thing now is how to benefit from utilizing the moment that is on the market. we can see the market moving up and down, and now it's time to buy after selling. and we can do that and repeat it.
sr. member
Activity: 1652
Merit: 262
July 16, 2019, 08:50:54 PM
Crypto is still very easy to play with, buy a lot or vice versa, sell a lot, can make a market shake. this makes crypto hodlers feel that they are in the whale's grasp.
full member
Activity: 941
Merit: 100
July 16, 2019, 08:42:15 PM
That's true just yesterday Bitcoin was trading at $10,400 and everything looks fine and Bitcoin is going to recover, then suddenly Bitcoin is down 12% it's now at $9545 and so are the other altcoins in the market, if you do not cash out or sell none performing coins, there should always a point where you need to make a profit and selling it at the right time is a good decision.
this market always holds potential, and many people use it. even though it is down, many people believe in the movement of bitcoin which will occur in an uptrend. if the trend drops, then buy to party when the market starts to rise.
hero member
Activity: 2926
Merit: 567
July 16, 2019, 08:36:19 PM
With recent events in crypto currency trades since January 2019, I have learnt to cash out

Crypto currency long term hodl is very good and rewarding no doubts
But we are at a stage where crypto is formed by whales and the money controllers

With the persistent pump and dumps by the whales; crypto is like a game at the moment

That's true just yesterday Bitcoin was trading at $10,400 and everything looks fine and Bitcoin is going to recover, then suddenly Bitcoin is down 12% it's now at $9545 and so are the other altcoins in the market, if you do not cash out or sell none performing coins, there should always a point where you need to make a profit and selling it at the right time is a good decision.
full member
Activity: 1176
Merit: 100
Vave.com
July 08, 2019, 05:07:37 PM
people with the internet to collects of use with the data and information as fine to returns with one on strength as focus on supports with interest to deliver of far with the extensive on limit as the stages on attains as referring use with customs of presence on modifying limit on chance with the decision on expends as tha manage of times with the internet shcedulu,\
full member
Activity: 562
Merit: 100
July 08, 2019, 04:53:09 PM
It is a very good idea to always take profit by cashing out. Most people just following the holding rule dogmatically without thinking of the best decision for them. I think it is better to convert your asset to stable coin at the peak of the market and then buy back at the bottom, instead of holding blindly.
Yes, this is really the best strategy.But suppose for myself, I decided that I would keep Bitcoin as long as possible regardless of the price today.
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