Topic: Lots money invested on cryptocurrency, should I sell for liquidity? - page 3. (Read 625 times)
September 12, 2018, 09:53:50 PM
This is was my experience 2 years ago, i have 7 Bitcoin in that times but because i need money for emergency situation and then i sold it all when the price $500, but finally after a few month the price keep going up and moon shoot to 30 times just in 1 years, so this is my big mistake ever. So if you need emergency money is better, sell others asset and not crypto, because crypto will going up again later.
August 20, 2018, 01:50:52 AM
Well, it’s always advisable to never invest all your saving in any market. You some keep some of your money or at least invest them in some very liquid assets so that you can meet some emergency situations. That is why it is said to diversify your assets and this must also be done on the basis of liquidity. Now you can do is sell your crypto is your investments are in profits but if you don’t want to lose future profits then you may take loan from you relatives, friends or banks
You should consider the potential loss of profit versus the cost of the loan. In some countries a loan could cost you up to 30%. If the paper loss is 10%, then cash out and take care of that emergency. But if the loan is only 4%, then it wouldn't be a bad choice.
This is why it's always better to diversify as you said. Something will be profitable so it can be cashed out at a time like this. It's like a product rotation: something goes in, another thing comes out. There's always something fresh on the table.
August 20, 2018, 01:29:03 AM
If lots of your money was spent on cryptocurrency,
but now something emergency happened,
you need to withdraw those money,
while at same time,
if you hold still, there may be considerable profit in the future,
At this situation, What you will do?
follow us on https://t.me/DAGTofficial, and see what we gonna do~
but now something emergency happened,
you need to withdraw those money,
while at same time,
if you hold still, there may be considerable profit in the future,
At this situation, What you will do?
follow us on https://t.me/DAGTofficial, and see what we gonna do~
both of this two suggestion are great for safe keeping our capital,selling our crypto and holding because of bleeding situation in the market but in my decison making its better to stay in Hodl,and waits someday thats market would become bullish again,actualy its hard to predict now when this coming,but hoping and still believing in crypto could make burst our positive thought about digital currency investment.
August 20, 2018, 12:48:16 AM
If there is pressing need to be attended to, why would you hold off on selling the coin that could meet such need! If you refuse to meet your need especially if such need is food or shelter, you may not live to reap and enjoy your profit if it materialized in the future!
August 20, 2018, 12:08:31 AM
It really depends on your situation. Are you desperately in need of fast cash and see no other options (usually there are options, like starting a business - check out someone like Josh Tolley on entrepreneurship). Or, if you've made a good profit, and you're wondering if you should cash out or HODL, then a good option could be to cash out only to make back your investment, and then the rest is pretty much free speculative capital, and continue working and investing some. If you've lost money and you're wondering if you should do either of the two options above, then really that's anyone's guess. A lot of people believe it will go up over time, but then again it's very much driven by news and large investors. There was that significant dip when the SEC made their decision on the Bitcoin ETF, so maybe more bad news could drive it down even farther, or perhaps some spectacularly amazing news could perk the price back up. Also, on a side note, another thing to consider is charity through crypto, like Ripple, Coinbase's CEO, and others have done.
Hope that helped
The Cyberius team
Hope that helped
The Cyberius team
August 16, 2018, 11:41:00 PM
If something emergency is happening then of course you need to cash out, what for you got a lot of money but you are suffering, we can still make profit next time, but some emergency case will makes us losing something valuable, in this world there are something more important than money
August 16, 2018, 10:47:35 PM
If the lam player who traded in Crypotocurrency since 2015 to the back, maybe they kept the Bitcoin.
Because for them Bitcoin is not a matter of money but a matter of trust in a digital wallet.
Because for them Bitcoin is not a matter of money but a matter of trust in a digital wallet.
May 29, 2018, 05:26:09 AM
that is why at the beginning always use the money you can lose, but if it is an emergency for example about your health there is no reason to hold it, depending on how important the need, or you can try to borrow money to the bank, or your friends if possible.
May 29, 2018, 04:58:10 AM
it seems you do not need to sell the assets you have that you need just waiting because I have experience when you sell suddenly the price increases.
May 29, 2018, 04:10:42 AM
Of course you need to sell your crypto and settle the emergency situation, you maybe losing profit for future which you don't know whether is going to happen or not, but the emergency thing is happening, so you need to be logical and settle the problem, don't because of afraid losing profit you act foolish and create another problem
It all depends on your circumstances and the way you are planning the things. In my opinion, it is better to stay patient and that not to go for selling of the coins which you are left with as doing so will take you out of the crypto market and that you will not be able to make any effective earning later. You need to wait for littlelonger before making any final decision and that you need to go for a plan which can help you in recovering your loss. May 26, 2018, 08:58:05 AM
If lots of your money was spent on cryptocurrency,
but now something emergency happened,
you need to withdraw those money,
while at same time,
if you hold still, there may be considerable profit in the future,
At this situation, What you will do?
follow us on https://t.me/DAGTofficial, and see what we gonna do~
but now something emergency happened,
you need to withdraw those money,
while at same time,
if you hold still, there may be considerable profit in the future,
At this situation, What you will do?
follow us on https://t.me/DAGTofficial, and see what we gonna do~
You should thought of that when your losses are still small. You must have a great regret from all of that losses now. You should control yourself and not the market.
May 26, 2018, 07:57:57 AM
Don't if you will be liquidated then just why not give it a chance to recover what you've lost because i can assure you with a bit of dedication you can actually gain back those investment you did on cryptocurrency but there's always a chance of you not actually recovering it.
May 26, 2018, 07:33:53 AM
I advise not to spend your money on cryptocurrency, leave your money for savings and daily necessities.
savings money you can use for emergency situations, so you do not mind whether you want to sell or not your existing investment in cryptocurrency.
if your investment is lucky not your problem selling but if your investment is reduced even want to be sure if in an emergency still you sell.
savings money you can use for emergency situations, so you do not mind whether you want to sell or not your existing investment in cryptocurrency.
if your investment is lucky not your problem selling but if your investment is reduced even want to be sure if in an emergency still you sell.
May 26, 2018, 07:00:59 AM
You can always use your invested money in cryptocurrency in something that really important for emergency cases. Otherwise, this is a lesson to be learned that you have to save money separated from that of your investments in crypto. You can still gain profits in cryptocurrency if you missed the opportunity back then after selling your coins, timing at the market is all you need to gain another chance of profits.
May 26, 2018, 06:03:42 AM
If lots of your money was spent on cryptocurrency,
but now something emergency happened,
you need to withdraw those money,
while at same time,
if you hold still, there may be considerable profit in the future,
At this situation, What you will do?
follow us on https://t.me/DAGTofficial, and see what we gonna do~
but now something emergency happened,
you need to withdraw those money,
while at same time,
if you hold still, there may be considerable profit in the future,
At this situation, What you will do?
follow us on https://t.me/DAGTofficial, and see what we gonna do~
This will depends on your savings plans. Normally even you needed money there are money separately budgeted for emergency cases or what we called emergency funds. Let suppose you do not have allotted money for emergency then you might consider portion of your savings in cryptocurrency since you already said that many money is invested in stocks. After using the money if there are ways to replace the investment then it will be good practice for investment.
May 26, 2018, 04:54:46 AM
If Iam on that situation, I try to keep hold the coin for long term investment and move that coin to other coin that has more potential. I don't want loss in crypto because this is make me depressed, I still believe crypto market will grow in next a few month, only wait patiently we can recover loss and make some profit. And if I need fiat money is better try other way to get it, and not sell crypto in loss.
May 25, 2018, 09:37:02 PM
If lots of your money was spent on cryptocurrency,
but now something emergency happened,
you need to withdraw those money,
while at same time,
if you hold still, there may be considerable profit in the future,
At this situation, What you will do?
but now something emergency happened,
you need to withdraw those money,
while at same time,
if you hold still, there may be considerable profit in the future,
At this situation, What you will do?
If you need of money urgently then better to sell off your cryptos instead of borrowing money from others for the interest because if prices again go back and if it takes time to recover then your situation will be worst.
That's why experts always say that people should invest only spare money in high-risk investments.
May 25, 2018, 08:44:16 PM
Of course you need to sell your crypto and settle the emergency situation, you maybe losing profit for future which you don't know whether is going to happen or not, but the emergency thing is happening, so you need to be logical and settle the problem, don't because of afraid losing profit you act foolish and create another problem
May 25, 2018, 07:39:54 PM
I used my free money when trade on crypto, trade with the money that I already to lost them. So I must save money for the future needed.
If I need money for emergency, I just withdraw it 50%. This is reason why don't invest all of your money also.
If I need money for emergency, I just withdraw it 50%. This is reason why don't invest all of your money also.
May 25, 2018, 07:24:25 PM
Just sell, not a good idea asking on a crypto forum as you'll always get people offering stupid advice like getting yourself into more debt by getting out loans so you can hold your coins. Play it safe, take the cash and deal with the situation then come back to crypto.
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