I have learnt to cash out - page 2. | Bitcointalksearch.org

Jeremycoin

legendary

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Quote from: Ifemini on April 27, 2019, 07:45:13 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

This is very important if you are an active investor and traders, you must know the right time to buy and the right time to sell, the market is all about buying low and selling high if you know the right timing you are not going to lose, and make a lot of profit.

That is absolutely right. Hodling is only for traders who don't really have much time to do a frequent check on the trend. If you are indeed that type of a trader, well then it is best for you to HODL. On the other hand, cashing out is for those who actually have their eyes on the market every given time. This only makes sense if you do trade on a daily basis. Cashing out is never a bad thing if done properly, and so is hodling.

pelumi20

member

Activity: 712

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SmartFi - EARN, LEND & TRADE

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.

IParn

full member

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Cash out is one of the most important things you need to know and be able to do correctly in cryptocurrency. I congratulate you.

other_side

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Quote from: Ifemini on April 27, 2019, 07:45:13 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

Many people expect me to sell at the highest price for the best profit. But since I made a mistake in 2017 and read research on financial books, early profits are a good thing to do and have to do

suvo05

sr. member

Activity: 1162

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I waste many opportunities to cash out, because I was too determined to HODL for a year or two, and the result was very unlikely, most of my potential cryptos got wasted, I should learn this early.

What a very expensive way to experience.

Same thing happened to many crypto HODLer I guess. At a time when BTC reached 20k$ everyone was speculating 50K$ in the next year. And because of the dream run of the price everyone was beliving this. This causes a lot of traders to loss money.

CryptoIyke

copper member

Activity: 308

Merit: 1

Profit taking should be art that every crypto trader should be conversant with, Don't take that profit and cry later, that is how dynamic the market is, never entertain any regret, just be happy you made that choice. Some good lessons I learnt as a trader

Cryptrx

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Worlds Simplest Cryptocurrency Wallet

Greed and lack of knowledge has led a lot of people to lose money, knowing when to cash out is one of the best strategies a trader can employ in this volatile market.

Galley

member

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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).

santiPOGI

full member

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Quote from: Ifemini on April 27, 2019, 07:45:13 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

CASHING OUT crypto or converting it into FIAT has different ways.
It will depends on the country of your origin. if you can tell us your place then we might can help in a sure way.

Tosyn2

member

Activity: 566

Merit: 10

Quote from: Ifemini on April 27, 2019, 07:45:13 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

You are very correct and I cannot agree less, I actually learnt my lesson of not cashing out on time in a very hard way. As at the time I got the tokens, it worth $350 but now was we speak, i don't think it is even up to $25 in value. It is quite painful but it is a big lesson.

Torps1

member

Activity: 574

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Kuvacash.com

Cashing out or hodling is your decision, but for sure market can go either way(up or down).
Knowing the entry and exit point is Paramount especially as the crypto market is very volatile.
Experience and research is a great tool to navigate this crypto market for profit making.

frost_wind

member

Activity: 560

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Bitcoin hodling is not the same as altcoin holding . Your money will never be safe if you invest in altcoins , so the decision to take profits when altcoins rise in price is very reasonable . You do not have to be greedy and wait for 1000% of the profits, because the altcoin market is very volatile

Iykecollinz

copper member

Activity: 294

Merit: 1

The market is very unpredictable, there have been situations where after cashing out the market pumps so huge eventually, the idea is to cash out but not completely especially for projects that still have potential. I learnt this from hydro

CoinsOrDie

full member

Activity: 448

Merit: 100

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

BADBITCH

jr. member

Activity: 532

Merit: 6

I have to admit selling has been my best skill
Especially as a full time bounty hunter, I have mastered the art of selling at the right time
I get lots of kisses few times due to wrong calculations but I don’t get it wrong easily

Selling must be a part of you, especially when you are in profit
Don’t gamble on your capital especially when in 5x or 10x

103deltafox

full member

Activity: 491

Merit: 100

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.

Ifemini

member

Activity: 690

Merit: 12

There are consequences for every action

Just after a progressive growth in prices of bitcoin and other altcoins
We have seen the bearish run take its place again, swiftly and quicker this time around.

Which means as an hodler and investor; knowing the right time to sell and pack profit to buy cheap is key to long term sustainance in crypto currency

Shallow

sr. member

Activity: 938

Merit: 255

SmartFi - EARN, LEND & TRADE

I believe this is your choice or view and should be respected. However, holding still pays and in fact is one of the good things to happen to investors or users within this space. Let's take a real case scenario; have you considered those who bought coins like ETH, BTC, BNB etc when it dumped hard last year? If they held, of which many did by comparing today's price that's a handsome profit.
On the other hand, cashing out is good too mostly when the project is not too trustworthy.

cytpoway121

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Activity: 1540

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That is true. We must learn to cash out.
Cryptomarket is manipulated by Whales.We only can follow them if we dont want to loss on trade.

Manipulation aside, you need to be smart about trades
For every increase in value of a token, there is a potential decrease in price

So dyor to learn when to get in and out of trades always

Learn the different types of coin too, privacy or deflationary etc

killat

member

Activity: 742

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Be the reason someone smiles today

Trading is not easy and one of most important lessons are to know when to cash out and how to read charts. Maybe you can read others' trend analyzes via TradingView or choose popular traders using eToro to do copytrading.
There are tons of tutorials on the net, Google them.

Topic: I have learnt to cash out - page 2. (Read 2350 times)