Topic: I have learnt to cash out - page 3. (Read 2350 times)
This is one of the most important skills, if you want to add the value to your portfolio and not to lose money. Holding for too long, is not going to bring you a lot of benefits, but you can miss the all time high price and regret about it.
Cashing out seems a good and safe solution. You can cash out once the price is around 300-600 dollars high the initial price of bitcoin and then repurchase once it is back to the original price. This is the plan that I am currently looking forward too.
Yes, End of 2018 was a bit cruel to crypto, but we have been observing recovery in the market. As for now, the price is fluctuating so I would recommend the same unless we see some major fluctuations.
Yes, End of 2018 was a bit cruel to crypto, but we have been observing recovery in the market. As for now, the price is fluctuating so I would recommend the same unless we see some major fluctuations.
To be honest, nothing feels good than cashing out, even the tiniest of your profits. I have learnt to personally get contented in 3-5% short term profits than waiting for 10x-20x that may not even come, in the long term. The whales always have a history of manipulating the market direction to wherever they like thereby making it relatively harder for the average retail investors to secure maximum profits.
In esence, even if your profits is just 2-5% of your capital, learn to take it out before the whales come for you. Profit is Profit, never ever forget!
In esence, even if your profits is just 2-5% of your capital, learn to take it out before the whales come for you. Profit is Profit, never ever forget!
HODL if you are dedicated to it but don't just hold forever. I've been selling if there's an urge for me to do or I'm oblige to do it.
You can't enjoy profit if you're not going to sell but it's also a good investment if you have a space dedicated to hold long term. Just balance yourself.
You can't enjoy profit if you're not going to sell but it's also a good investment if you have a space dedicated to hold long term. Just balance yourself.
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
Good to know that you have learned your lesson by way cash out any time you felt that you have made profit from your investment because what everyone of us is after is not more than to make more profit from our investment in the crypto currency, one you have identify such a method of getting more money to your capital then you are good to go. 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
Investing in Cryptocurrency is always a risk one must take, and it's based on self determination. I learnt to cash out the hard way when I lost like $1,000 all because of Holding the coin.
Cashing out is hard for alts, the market is so small yet the proft you can always achieve is huge. With the lack of volume in DEX exchanges i recommend you to learn about Switch.ag they got +150 altcoins including stable tokens like dai or tusd. It works like a dex too since you don't need an account and they won't hold your funds the process is almost instant. Much Recommended
This is a very good experience. Which is useful to everyone in the world of cryptocurrency. I am sure that everyone here should be able to do it.
Crypto game is and always has been a game of risk. It’s better that you have learned to cash out after the huge drop from 2019.
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
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.
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
Cashing whether crypto, fiat or money is very important as a traders. And to tell you frankly it is very hard to earn in crypto especially if you face bear market season. And the truth about this thing the one who always made a huge profit in the market was the whale investors who are the one can able to control the market as well.
And sometimes you will cash out and regret after,my phone had a lagging problem so I decide to get a new one so I sold some of my coins and after two weeks the coin pump in price of 1.12$ each and I regret not having little patience more so sometimes cashing out is losing
Everyone might already get that experience. But as long you get profit or not loss something, i think it is only how much people's greed level. And if you actually don't know what will happen next after when you sell your coins, it is ok to grateful for that.
And sometimes you will cash out and regret after,my phone had a lagging problem so I decide to get a new one so I sold some of my coins and after two weeks the coin pump in price of 1.12$ each and I regret not having little patience more so sometimes cashing out is losing
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
it's probably not the best time to cash out since we're in bull run. May be wait. I can see that you created this thread months ago so same rule that applied then may not apply today although cashing out is a probably good tactic for investors.
Well the point in crypto is to buy and sell, we need to know when is the right time to cash out because not everyday is a green or profit day especially in a bear market. But currently we are in a bull phase so best is to hold and wait for a maximum profit then cash out.
It is very important to learn to cash out especially in these present days in crypto market because when you are expecting the price of a coin to go up, the whales are already working on it trying to see how it can be manipulated, you must be wise, be ready to cash out at the least price.
if you think so you also have the opposite. I mean how do you understand the crypto game by whales. just like you always monitor the market conditions and also coins that you invest so that you don't lose the moment to throw away.
You need to keep monitoring the market movements in order to justify your net position, if you can anticipate how the next trend will go you canget good profits, cashing out will always be part of this industry only the time for collecting profits will be the good question when.
When you can see a chance to make the profit, you need to sell some part of your coins so you can take the profit and cashing out the money. That will be necessary if you want to make a profit in the trading still because if you want to make a bigger profit, you will have a chance to become greedy. And if you are greed, then you might lose the chance to make a profit later.
I have been insisting that to get profits from the crypto market, one need to have crypto knowledge and learn trading skills. The market is such that there are many manipulators and who manipulate for their own benefits. So it is very much difficult for newbies to get adapted to the function of the market. Lets learn crypto trading skills.
if you think so you also have the opposite. I mean how do you understand the crypto game by whales. just like you always monitor the market conditions and also coins that you invest so that you don't lose the moment to throw away.
You need to keep monitoring the market movements in order to justify your net position, if you can anticipate how the next trend will go you canget good profits, cashing out will always be part of this industry only the time for collecting profits will be the good question when.
if you think so you also have the opposite. I mean how do you understand the crypto game by whales. just like you always monitor the market conditions and also coins that you invest so that you don't lose the moment to throw away.
Jump to: