Realizing the value of holding cash - page 5.

nurilham

sr. member

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Quote from: Captain Corporate on October 19, 2022, 04:34:45 PM

...so having a little bit of your profit cashed out could benefit you.
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Unfortunately, some crypto investments may not conform to our own expectations. When we bought the cryptos during the bullish era and suddenly the market crashed at that time and we have not taken a profit yet, there is no other thing besides holding them until the next bullish era or a certain time period.
And to deal with this situation probabilities, this is how money management works, to decide how much to spend and how much to save and take. We need also to understand how much we can afford to spend during the bullish era and what kind of investment strategy we have. For, this will also determine our money management.

Taking profits and cash out the profits itself will also depend on our strategy. I am sure that many traders will also cash out their profits, although it may not be the entire profits. I personally always cash out the profits at least half form it and make the least for saving o the exchange or for another capital for investment. But, this will also depend on the curtains situation, there may be some different strategy or changing strategy again depending on the codnition at the time.

Johnyz

full member

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Having cash on your hands always is a good strategy, it can give you buying power and when you see opportunity you can easily get it because you have that extra funds with you from time to time. Also, cash can help you with your emergency needs, aside from having your own emergency funds it can help you a lot once you have other extra funds. Cash management is also important, we should not just buy during bear market, we still need to analyze as well.

Yaunfitda

hero member

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Quote from: Captain Corporate on October 19, 2022, 04:34:45 PM

There are so many people during bull runs that run out of cash because they like to buy all they could buy to ride the wave, which results with them losing a lot of money when the crash finally starts, it could go up a lot, and I mean A LOT, but eventually it will go down, so having a little bit of your profit cashed out could benefit you.

Same people sell a lot during bear run, whereas you should have cashed out at the bull run to take profit, and during the bear run when its low like this, you should go out shopping. Its low right now, and everything is looking delicious to me, I am running out of money from buying all these amazing coins and tokens, because I know they are at the bottom.

Have cash after you profit a good sum, but do not have any cash during bear run and buy it all.

Yes, I think it's very important as well when to cash out in crypto

1. Bull run should be the time to make profit and sell at least take some and enjoy your winnings
2. Bear run is when people should start to accumulate

It's a hard lesson for me when I started because as you have mentioned, there are people who sell at bear market and losing money. But now I have learned that it should be the other way around.

tabas

hero member

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Quote from: Captain Corporate on October 19, 2022, 04:34:45 PM

There are so many people during bull runs that run out of cash because they like to buy all they could buy to ride the wave, which results with them losing a lot of money when the crash finally starts, it could go up a lot, and I mean A LOT, but eventually it will go down, so having a little bit of your profit cashed out could benefit you.

Same people sell a lot during bear run, whereas you should have cashed out at the bull run to take profit, and during the bear run when its low like this, you should go out shopping. Its low right now, and everything is looking delicious to me, I am running out of money from buying all these amazing coins and tokens, because I know they are at the bottom.

Have cash after you profit a good sum, but do not have any cash during bear run and buy it all.

I know how it feels to be like that because I've been with that situation before and I've learned from there. And as the market goes, that's why during the bull runs, the importance of having your profit or maybe some of it into a stable coin is a good option. Even you don't have that much, it's okay as long as you're prepared when the bottom of this bear market comes and you're able to buy the coin that you want to have during its sale.

Captain Corporate

hero member

Activity: 2086

Merit: 575

There are so many people during bull runs that run out of cash because they like to buy all they could buy to ride the wave, which results with them losing a lot of money when the crash finally starts, it could go up a lot, and I mean A LOT, but eventually it will go down, so having a little bit of your profit cashed out could benefit you.

Same people sell a lot during bear run, whereas you should have cashed out at the bull run to take profit, and during the bear run when its low like this, you should go out shopping. Its low right now, and everything is looking delicious to me, I am running out of money from buying all these amazing coins and tokens, because I know they are at the bottom.

Have cash after you profit a good sum, but do not have any cash during bear run and buy it all.

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