Should I cash out my BTC now? | Bitcointalksearch.org

Sniper150

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Quote from: hassanabid on July 17, 2017, 11:23:47 AM

If you had your payment in BTC, would you cash out your money or you would wait to increase of crypto currency?

If I had my btc now in my wallet, I would hold it first and wait to increase the value of btc since we all know that the value of btc are fluctuating and I want to earn more profit on it, I just keep holding it and if its value rises, then I would cash out my money. But when I decided to cash out my money, I won't cash out at all instead I would be left spare part of it because my purpose is to get another profit.

BurhanPSG

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Quote from: hassanabid on July 17, 2017, 11:23:47 AM

If you had your payment in BTC, would you cash out your money or you would wait increasing of cryptocurrency?

if the amount of bitcoin we have very much will be better we melted money a few percent only, it aims to be on guard if the bitcoin price will go down as it happened on the 1 August ago.
and the rest you can save while waiting for bitcoin prices to rise, let's just say this as a step to invest.

Lalafell

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Quote from: mk4 on July 17, 2017, 11:29:31 AM

Dude. I suggest doing your own research and decide yourself. Don't rely on other people's choices and or decisions. Or maybe look at previous threads here and in other forums, and also on reddit. I've seen too much threads like this to be honest.

Well, I think it will depends to the people who have bitcoin but I suggest you should choose to hold than to cash out because there is a chance that the price of bitcoin will increase and it will result to a good income. Lastly, if you really some money you should cash out your bitcoin.

nocturnalsheet

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dont cash out unless you need the money urgently. we will hit 5k eventually

bitterguy28

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Quote from: Coffee135 on September 05, 2017, 07:54:19 AM

You should not be such issue. If you need money then you have no choice. But if you have the time to wait it is better to wait about 10 days. Price will be back up and you will be able to save a little. In any case, you decide and it depends on the specific circumstances.

i agree with you mate cashing of the bitcoin its depends to the holder needs, your suggestion to save a little thats good idea because bitcoin keep increasing the price value, but bitcoin sometimes goes down the value, like now the value of bitcoin go down a little percentage but i believe after go dump the price value of bitcoin, bitcoin goes uprise again more than the price value before the old valuedump.

Titanos

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For now i'm holding every payment i get in btc or eth since i don't cash now and maybe it will become a treasure Grin

FlightyPouch

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Quote from: drwhobox on September 05, 2017, 08:27:15 AM

I highly suggest that you must do your own research instead on relying on the community for your money (maybe you will blame us for your loss if the value goes up and down.) Just read and read on what is happening to Bitcoin and just do your own risk making.

I think there is nothing wrong with this kind of questions, the reason this is a forum still you have your point. Most of the users here in the forum rely on others suggestions and do not do something themselves to help theirselves make themselves earn a good number of profit.

reputation

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many people plan to sell high and buy low each time the markets turned more choppy, but little succed, usually they sell and never buy back due to their fear and greed

Malaya

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Cashing out your earned BTC is totally up to you. It is absolutely depending on your preferences and how you even risk your bitcoins. If you need the money right at the moment, go ahead. That's practical. But if you don't really need it, allow it to grow and stay up there. It is also good to make more research on how you can invest or trade or earned bitcoins. Keep on researching. Reading on the forums will help. However take your own preferences and learn from it each time once you applied.

drwhobox

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I highly suggest that you must do your own research instead on relying on the community for your money (maybe you will blame us for your loss if the value goes up and down.) Just read and read on what is happening to Bitcoin and just do your own risk making.

MintCondition

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Quote from: secdark on September 05, 2017, 08:18:12 AM

Quote from: hassanabid on July 17, 2017, 11:23:47 AM

If you had your payment in BTC, would you cash out your money or you would wait increasing of cryptocurrency?

Mostly i do cash it out because i do buy it stuff or sometimes i wait for the right time when the bitcoin is at high price also if i dont want to cash it out i do invest it into trading so that i can earn at the same time. Well here is the advice if you need money then the price doesnt matter just cash it out if the price matters then it should be hold for a moment to earn more

If not needed yet, it's advisable to hold it first. And if you think that the amount it reached already enough for your plans then it can be cash out. But as much as possible still left some for savings.

Netnox

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Quote from: Coffee135 on September 05, 2017, 07:54:19 AM

You should not be such issue. If you need money then you have no choice. But if you have the time to wait it is better to wait about 10 days. Price will be back up and you will be able to save a little. In any case, you decide and it depends on the specific circumstances.

What if the price goes down even further after 10 days? Then you will be in even more trouble. Bitcoin is very volatile and nothing can be guaranteed. I would recommend immediate conversion to fiat, irrespective of the exchange rates.

secdark

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Quote from: hassanabid on July 17, 2017, 11:23:47 AM

If you had your payment in BTC, would you cash out your money or you would wait increasing of cryptocurrency?

Mostly i do cash it out because i do buy it stuff or sometimes i wait for the right time when the bitcoin is at high price also if i dont want to cash it out i do invest it into trading so that i can earn at the same time. Well here is the advice if you need money then the price doesnt matter just cash it out if the price matters then it should be hold for a moment to earn more

Crypto-watch-Talk

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Well it's good to go by the rule of... don't sell low. It will rise again regardless so I would say just hold tight

Coffee135

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You should not be such issue. If you need money then you have no choice. But if you have the time to wait it is better to wait about 10 days. Price will be back up and you will be able to save a little. In any case, you decide and it depends on the specific circumstances.

Snow-Cloud

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Quote from: hassanabid on July 17, 2017, 11:23:47 AM

If you had your payment in BTC, would you cash out your money or you would wait increasing of cryptocurrency?

if your not that much in a hurry, i suggest you should hold it until the increase of cryptocurrency. if you are planning to earn more and you haven't really have much things to buy, like the important one's. the best way to earn is to hold it, although the bitcoin isn't always increasing, it also decreases but when that happens the only way to bring back or earn the high value that you are having is to wait for it to increase again.

Wend

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It depends on you if you want to hold it or to cashout, If you want some important something just like to buy for groceries or payment for bills in your house must better to cashout if not just hold it or buy some altcoins.

BarbieCasino

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Quote from: Flodemaga on September 04, 2017, 07:50:05 AM

Knowing we will have bitcoin halving at 2020 i wouldnt consider to exchange my coins into fiat unless i have some emergency that my salarie cant cover, into those situation i would exhange faster as possible, as i see bitcoin keeps growing and for me does mean a good moment to hold for the future.

well according to my own suggestion cashing out your bitcoin right now is not a right thing at all because the price of the bitcoin is expected to grow a lot in the future so it is good to hold your bitcoin and wait for the highest price to cash out your bitcoin so it is not the wise decision to cash out at this stage of increasing price so invest in the bitcoin and hold it for long time it will be good for your future.

lusiaga

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Quote from: 2taps on September 05, 2017, 05:54:39 AM

if you think you can earn enough money by cashing out now you totally should. You could also wait till the value goes up.
so basically its your choice.

conditions like this I think the best moment to buy as much as possible.
then put sell order at rate rather high for long term.
conditions like this will not be long in my opinion.

2taps

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if you think you can earn enough money by cashing out now you totally should. You could also wait till the value goes up.
so basically its your choice.

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