I have learnt to cash out - page 9. | Bitcointalksearch.org

sopanbmp

member

Activity: 420

Merit: 10

Quote from: Ifemini on April 27, 2019, 06:45:13 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

Correct! better safe your funds first and don't be a FOMO, Currently i'm stuck on altcoin but I won't to cut loss yet, I rather wait in the bottom. Bearish patern is almost over my frends!

Emperor of Man

hero member

Activity: 886

Merit: 510

Remember, there's a wise version of cashing out, and a stupid version of it:

- The wise version is, to cash out once in a while to cover the real world expenses, and only do it when a part of your crypto hodlings has hit its target price.

- The stupid version is, to panic sell when the bear market has been too long or too hard, and when many analysts are calling a bottom. You get scared and tired and you sell all of your hodlings, only to buy back a few months later with 5x more price because you've heard that the market is getting bullish again.

Choose your version.

Estehmanis

full member

Activity: 262

Merit: 100

crypto prices are indeed unstable and have become public secrets of prices controlled by the pope, you must be very mature in making decisions when going out and entering

D3m1r4wanti

full member

Activity: 714

Merit: 102

Cash out now, it will be safer for the assets you have. now it will be a very big risk when you decide to buy an altcoin, unless you have big capital and are willing to make a long-term investment. and wait for the bull run to occur.

darkangel

sr. member

Activity: 714

Merit: 250

Quote from: Ifemini on April 27, 2019, 06:45:13 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 smart. The pump and dump is a contributing factor to the volatility. Time has gone when people held coins for months in belief. Today, whales control through market and 10percent profit of $500k is lot of money. So now you just have to buy or sell before a whale does else you burn

tisoysoy

copper member

Activity: 362

Merit: 1

Quote from: Ifemini on April 27, 2019, 06:45:13 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

I agree with this statement, you should take patience to get pass of this game like what happen now which is bitcoin persistently pump and dump just like you've said. We should wait the right time to dump our asset to avoid regret in last. Because we don't know what's going next in coming months or years. We might know this next quarter there is another recovery for bitcoin.

cryptobae10

jr. member

Activity: 658

Merit: 5

More importantly is learning the right time to cash out
You could cash out and still be in loss
Which is not good at all for your portfolio

davinchi

legendary

Activity: 2100

Merit: 1058

Quote from: Absolutep on April 30, 2019, 06:28:25 AM

Knowing the right time to cash out is one of the trade secrets of the crypto market, you stand a better chance in crypto sphere if you know when to cash out.

This should be the right way to cash out and not just cash out because one wants to panic sell, there will always be a point that we can rely on to cash out on that coin that we believe in and still invest when it comes down in value.

I do cash out too a lot too, not because I was scared of price but because I do short term trades with it, and the best time to cash out on a short term trade is when you already know the limit the coin being traded can go within a time frame, and then set the profit target based on that. For a long term investors, it glaring to know that the only time that should be permitted is when the coin has reach its ATH.

deadmousehat

full member

Activity: 1974

Merit: 101

indeed crypto investment is very risky and certainly understands that before investing crypto. With current bear market conditions, cashing out for loss or hold for longterm and hope to get better profit is a choice.

prayogi

full member

Activity: 700

Merit: 100

I am also one of those people who believe that a long-term hodl is a good strategy to get a big profit but for some reason I can't do it because I really know that crypto is very volatile so I have to be able to determine the right time to sell because the price change is very fast, the price can go down anytime and make me have to wait again, so when the price is good then I will sell it immediately and if I still believe in the coin then I will buy it again when the price drops, that's what I apply although I believe that long-term hodl is good

Badhuamin

full member

Activity: 420

Merit: 100

indeed at this time the price has been arranged by the top person, for myself I just follow the movements of the market in order to make a profit.

Cryptolord_ng

copper member

Activity: 365

Merit: 1

Yeah! Cashing out is really the best tool now in cryptocurrency, when you invested and you're fortunate to get some profit from you invest the best thing to do is to cash out you initial investment fund to decentralize your investment or for other purpose, then you can start rolling over you bonus from the investment

johanesrobin

full member

Activity: 658

Merit: 100

cash out is the right choice if there is no chance to hold longer. or you prepare new capital to re-enter the trade. some altcoins are still potential and bullrun may occur next year.

blokklanc

jr. member

Activity: 226

Merit: 4

Crypto market is a small market and can easily be manipulated and this is why it is so unpredictable.
Taking the profit is an important part of the game.

minersday

hero member

Activity: 1484

Merit: 535

In this crypto ecosystem, its all about knowing and understanding the game of pump and dump. This will help you develop good strategies and plans to help you minimize the chances of you losing your invested capital. By having good strategies and plans, cashing out will be very easy and very profitable which will also reduce the risks available at any moment in time.

Corer

jr. member

Activity: 210

Merit: 1

StableDex | Decentralized, Secure & Cost Effective

We have to be wise now while dealing with crypto, yea to hold is very good but we have to learn when to cash out so that we don't loose all while trying to be greedy

Jenkins33

member

Activity: 194

Merit: 10

This is the right decision. Every investor crypto should have the option of withdrawing their money from the crypto market at any time. This is necessary in order to insure themselves in case of extreme events on the cryptocurrency market.

Cryptrx

jr. member

Activity: 498

Merit: 1

Worlds Simplest Cryptocurrency Wallet

Cashing out is one of the ways to protect your trade because no one can outrightly state the direction of the market, so it's best to cash out when you're in some profit than to blindly decide to hodl even when it's obvious the market is bad.

jak3

legendary

Activity: 1274

Merit: 1004

cashing out is not a good option its just a fail-safe way of taking no more risk of making or losing profits. if you want to make money then you need to ride the market at every possible situation no matter what market is going to force you to do you have to wait for the opportunity and get the precise assumption on the price. this is 2019 and markets are full of thousands of analytical tools and indicators.

Maamejane

member

Activity: 378

Merit: 10

Decentralized Continuous Audit& Reporting Protocol

That's is nice and this will really help you manage and secure your little profits. I don't understand why people will like to hold till thy kingdom come. They want to get a profit like never before forgetting that tomorrow is also another day for them to make amends.

Topic: I have learnt to cash out - page 9. (Read 2372 times)