All people that are involved or being a part of crypto must learn to cash out at the exact time or else we are loosing everything that we have worked for and chance of loosing everything is very high.
Topic: I have learnt to cash out - page 8. (Read 2365 times)
Cashing out and taking the profit is a must for successful trading.
We have to make out trading plan and stick to it.
When the profit goals are reached we have to cash out.
We have to make out trading plan and stick to it.
When the profit goals are reached we have to cash out.
Cashing out is the best in cryptocurrency expecially for people doing bounty and airdrop. Holding for a very long time is not the best because currently the market is fluctuating.
This is one of the very important lessons in trading, taking profit should be a habit of every trader, this is a greed controller as the possibility of losing majority of all one has earned exists when one tries to gain it all. I also learnt this the hard way and fell victim a number of times while watching some coins I was holding grow more than 2x and in the bid to hold till it gets to 500% sees the same coin dropping below purchased price by far. The rule now is to hit the profit and GTFO, never look back
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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
lol, you just remind me of something i normally do, well, lucky are those who got into crypto early enough, i want to believe most of them by now are millionaires if not billionaires, making money in crypto has become a bit difficult than it used to be, not too difficult though, what i normally do now is invest in a project i like, if by chance the price of their coin or token pump, i will sell and withdraw my capital and use the profit to either by back that coin or look for another more promising project to invest in. 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
Exactly the point, People have refused to cash out and in the long run, the value of their investment drops. Many times, it is caused by greed, instead of taking profit when you see some percentage increase, they would want to wait for one hundred percent . Learn to cash out.
You are doing the #1 fundamental thing that everyone overlooks.
We are all here to make money.
No matter how diversified or valuable our porfolio's are, it means nothing unless we cash out.
It surprises me how many people don't have a basic cash out plan.
Like a goal to hit and how much to cash out and how they will do it.
If you are investing in crypto, you need to create a cash out plan asap.
You could do kyc on an exchange and cash out to your bank account.
If you don't like the fees or kyc, then you go direct p2p where you sell it directly to someone.
the best places for that is localbitcoins.com and localcoinswap.com
We are all here to make money.
No matter how diversified or valuable our porfolio's are, it means nothing unless we cash out.
It surprises me how many people don't have a basic cash out plan.
Like a goal to hit and how much to cash out and how they will do it.
If you are investing in crypto, you need to create a cash out plan asap.
You could do kyc on an exchange and cash out to your bank account.
If you don't like the fees or kyc, then you go direct p2p where you sell it directly to someone.
the best places for that is localbitcoins.com and localcoinswap.com
In sideways, trading is possibly the only way to make money. Pumpin and dumping takes place is every market, especially in accumulation phase. So of course you must cash out from time to time. Holding everything in crypto is potentially very profitable but also very dangerous, especially if you relying on low-cap coins. They tend to fluctuate very much. Coins from top-5 are safer, but we also witnessed numerous ups and downs.
You said everything very correctly, yes, because there is a person who is not worried about his household budget and has the means to pay any bills, and also if he has an additional source of income, then of course you can save all cryptocurrency capital in the cryptocurrency market and not cash out . But in a different situation you need to live for some money and therefore you have to cash out.
In sideways, trading is possibly the only way to make money. Pumpin and dumping takes place is every market, especially in accumulation phase. So of course you must cash out from time to time. Holding everything in crypto is potentially very profitable but also very dangerous, especially if you relying on low-cap coins. They tend to fluctuate very much. Coins from top-5 are safer, but we also witnessed numerous ups and downs.
we also take action to look at market conditions and situations and not make arbitrary decisions.
a good future starts with ourselves, so good choices will affect the results.
cash in various ways but not all ways can be cashed smoothly, so learning is needed.
a good future starts with ourselves, so good choices will affect the results.
cash in various ways but not all ways can be cashed smoothly, so learning is needed.
I keep saying it that trading is not difficult. The most difficult aspect of trading is knowing when to cash out. This is where greed tempts you to hodl more and before you know it the coin dumps on you.
This is a sought of dilemma. Due to rising prices, you keep thinking about cashing out but you just cannot help waiting for the additional profit that could be yours after some more rise in the market value of your coins. This kills in the end so yeah, you have to be okay with a 2x or 3x profit and go home. Invest again when the price is low. This is good way to be successful at trading. I hope that this will help you and us in order not to remain in poverty. I hope that this kind of thing in any case will be able to increase the deposit. Exceptionally now I can say that the best investment opportunities are already today.
Correct financial management will definitely help each participant in this market, but in order to understand how to create it, you need a lot of experience.
This is apparently your own method of being naive because an investor will not take such advice from you. Your problem is that you have the mentality of many other hunters that believe in dumping after receiving payment
I hope that this will help you and us in order not to remain in poverty. I hope that this kind of thing in any case will be able to increase the deposit. Exceptionally now I can say that the best investment opportunities are already today.
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
Crypto has been a game of the whales right from time. Only a strong mind will join in such game. I cash out as soon as I can. The only hold I can do now is with BTC or Eth. The lessons I have learnt is enough, no more.
Finding the right moment is difficult, we must have strong beliefs. All there are risks. If I learn how to make a profit in any market situation.
You must be able to take advantage of opportunities in any situation that occurs, and can target the benefits that will be obtained. use the best opportunity and wiser to make a decision not to get caught up in losses and be more able to minimize the risk of panic
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
Well, so everywhere. Whales rule everything. If you are a millerard, you can influence any sphere. You can even influence the government in your country by promoting something. This power and such people are not many. However, in the cryptocurrency world it is they who rule everything. Billionth capital belongs to them.
Finding the right moment is difficult, we must have strong beliefs. All there are risks. If I learn how to make a profit in any market situation.
Set you goals and if you achieve it just get out of the market either by selling completely or the strategy that you had planned to adopt before trading of the coins. Also last minute changes does happen but try to be on the top so that you do not end up on a losing note inspite the market being in the bull run. This way it will help you as well to make money.
Finding the right moment is difficult, we must have strong beliefs. All there are risks. If I learn how to make a profit in any market situation.
You are right: one of the things we had to learn through painful losses is that we should never be overconfident or greedy when it comes to taking profits; I think we should learn to reap the benefits as soon as common sense tells us that a crypto has grown too much in a short period of time, so instead of expecting returns of 1000%, I am personally cashing out at least a part of the benefits when I see that the price of an altcoin increases at least 20% in a short time.
Before we go into an investment, we have to first decide if our investment will be on a long term running or short term running, because this is the only way our common sense can be put to test and it is not every investment that common sense will work for, some investment will rely on typical analysis before we can get the exit point. If we are running on a long term investment, as the name implies, there is absolutely nothing wrong in holding the coin, because there is guarantee of great increase on it in the future provided we invest in the right project, but on a short term investment, I agree with you that we can always cash out when we get the chance to do so, no matter how little the profit may be.
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