Topic: I have learnt to cash out - page 15. (Read 2350 times)
I think it is worth cashout only when you leave the game or when you have enough profit. In other cases, it is better to leave everything in circulation.
So what then would you do if the price continues to go up? You accept the missed opportunity or sell your local currency to buy back the cryptocurrency?
I would rather day trade on an exchange with the money. Cashing back crypto to your local currency then buying it back again and selling your local currency can be a very unprofitable thing to do due to fees and cost of conversions.
I would rather day trade on an exchange with the money. Cashing back crypto to your local currency then buying it back again and selling your local currency can be a very unprofitable thing to do due to fees and cost of conversions.
All those projects had huge gains its just that you that didn't sell. If something does x10 and you don't sell and later is goes down in a bear market it's not the fault of the person that talked about the project that you lost it's your fault for not selling at x10.
Are you sure about cryptocurrency like that?
In my opinion, you only need to learn more in monitoring and analyzing current market developments.
the market continues to grow year after year, how long have you analyzed the cryptocurrency market? 3 months, 6 months or 9 months.
it took more than 2 years for me to truly understand the challenges of the cryptocurrency market by analyzing existing data and people's opinions.
need a lot of time to analyze the cryptocurrency market, keep learning and understand the best choices for now.
In my opinion, you only need to learn more in monitoring and analyzing current market developments.
the market continues to grow year after year, how long have you analyzed the cryptocurrency market? 3 months, 6 months or 9 months.
it took more than 2 years for me to truly understand the challenges of the cryptocurrency market by analyzing existing data and people's opinions.
need a lot of time to analyze the cryptocurrency market, keep learning and understand the best choices for now.
cryptocurrency is actually very pleasant for those of us who have been here for a long time or those who have a lot of money, sometimes they are like gods who can manipulate the price of a coin, especially their tokens, but unfortunately the ICO project team doesn't want to do it something more for the project itself
Determining the right time to perform certain actions is one of the main components in working with cryptocurrency. If you learned in time to feel the situation on the market, then you definitely have a good chance of becoming a wealthy person.
It depends on your target goals. If it's just to make some beer money now and then cashing out regularly is highly recommended. Take profits when you can before it's too late. However, bigger profits go to long term hodlers with more patience
It really depends on what project you are holding, most of these coins will end up worthless. Only a few of the top cryptos will survive so chances are if you are holding lower tier coins or tokens they will go to zero. I used to be much more optimistic about low cap altcoins but after this bear market I decided to mainly stick with btc and eth.
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
It's the best time to hold and not to cash out, as much as possible, I prefer to buy as much as I can afford and as long as I can. The expected sudden pump will happen anytime soon. It's been too long since we've seen the price rise. There is no denying that it is disappointing to see price slowly changing, but it will surely be worth the wait. 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
sometimes you need to know when the right time to out and in on cryptocurrency
cash out is good when you get profit. dont be greedy, almost all whales control the price so we don't need to follow their way.
cash out is good when you get profit. dont be greedy, almost all whales control the price so we don't need to follow their way.
Cashing out when you are in profit has always been and will always remain the number one principle of investment in my opinion. Long term investments are only for solid projects and for experienced traders who can actually read the trade patterns of the market or said coins. But as for me, i always cash out at every level of profilt, not get burnt of feel regret
It depends on your target goals. If it's just to make some beer money now and then cashing out regularly is highly recommended. Take profits when you can before it's too late. However, bigger profits go to long term hodlers with more patience
I guess the best course of action in crypto investments is to apply a stop loss order and never fall in love and be sentimental with your crypto holdings and I learned this the hard way - riding my crypto portfolio in a downward spiral in a whole year of crypto winter. Nevertheless, I have no regrets about it and I treasure what I have learned because I know I've learned something valuable that could guide me in my future crypto endeavors.
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
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
But I think we, small units can be also considered as a whale if and only if, we are getting unified on a one goal or purpose on the cryptocurrency space. In that case, if we sum up all of other trading history, we can create a big impact on the market just like what the whales are really doing to make the market turn onto their hands.
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
There isn't anything wrong in cashing out but before doing that you have to ascertain the nature of the coin you want to dispose. If it's a utility coin I bet you will regret in the future disposing it now. It's like someone cashing out on BNB or Walton now. These coins have enough room to rise. They haven't even started yet. They're still sprouting. 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
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 quite agree with you. But I would still encourage you NOT to sell all. There might still be some cryptos whose values may go up to 1000x in few years to come. 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 with you because the market has been unstable and really unpredictable these days.
The skills of cashing out and even trading is really necessary now that the market is quite hard to deal with.
Short term and day trading are the best strategies that we could do to earn while waiting for the bull run to happen.
It isn't the right time to panic but rather the perfect time to deal with the changes.
The skills of cashing out and even trading is really necessary now that the market is quite hard to deal with.
Short term and day trading are the best strategies that we could do to earn while waiting for the bull run to happen.
It isn't the right time to panic but rather the perfect time to deal with the changes.
Yes it is like a game as coin pump and dump always finds its role in the market. And this will continue. I think this would not affect any good project. No matter there is any pump or dump, a good project will grow eventually, despite having a short term affect as a result. The traders should take very much wise steps in reaping benefits from this pump and dump and to minimize loss, I strongly recommend switching to day-to-day trading instead of holding coins for long term.
As OP has rightly said, as an investor in the world of cryptocurrency, you must know your exit point and entry point to be able to avoid the said whales controlling the market. So many things have taught me lessons and i now understand when to exit from the market when the price is pump.
dont panic when the market drop cause some people (whales), just hold it like you say for long term im believe every coin will increase, and dont doubt when you want invest buy if the price will increase so you can earn profit in the short term
This is a very useful experience and I think that you can already lose not very much money on withdrawal in this way, I think that in any case you can use all possible means to realize fiat funds.
It depends on your target goals. If it's just to make some beer money now and then cashing out regularly is highly recommended. Take profits when you can before it's too late. However, bigger profits go to long term hodlers with more patience
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