Should I cash out my BTC now? - page 10.

Theb

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Quote from: eaLiTy on August 20, 2017, 08:09:43 AM

Quote from: Lmaooo on August 19, 2017, 12:11:27 PM

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 you are a Bitcoin trader you should cash out because we're in panic period and buy later. But if you're saving your bitcoin as a long time asset then don't cash out now because bitcoin will surely appreciate. Cool

If you invested in bitcoin for the long term then there is no need for a panic,but if you watch the graph carefully you will understand how the price moves and usually it would end up hitting a resistance point and if you could see that the market goes down,you could book your profit and enter back when the price goes down.

Selling now and buying at a lower price does not necessarily mean "panic" for traders they are basically taking advantage of the situation and they gain profit at the event. Selling at a higher price compared to when they bought it and buying it at a lower price seems to be the perfect trade for any trader. That is why they are called traders in the first place they are totally different people from investors in which they buy and hold assets in the long term to make profit out of it.

eaLiTy

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Quote from: Lmaooo on August 19, 2017, 12:11:27 PM

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 you are a Bitcoin trader you should cash out because we're in panic period and buy later. But if you're saving your bitcoin as a long time asset then don't cash out now because bitcoin will surely appreciate. Cool

If you invested in bitcoin for the long term then there is no need for a panic,but if you watch the graph carefully you will understand how the price moves and usually it would end up hitting a resistance point and if you could see that the market goes down,you could book your profit and enter back when the price goes down.

jeraldskie11

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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?

Don't cashout your all bitcoin now because the price of bitcoin is still increasing its price. Look at the prices of bitcoin between 3 months before, there is a big differences of its prices. So you should still hold your current bitcoin now because there is increasing of prices.

FabulousZombie

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In my opinion and only i would keep most of them but just cash out 30% . but it clearly depends on you..

r0ach

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That's the question in any damn investment... When to cash it out. The best way to figure out that bastard of a choice is to ask yourself "Am I cashing out to put this in something that will give me an even better opportunity"... Realistically , when you make a decision to liquidate something you are essentially believing that whatever you are switching to is a better investment. We were raised on fiat and hence always gravitate to it for safety and comfort.... The answer to your question is you just don't fucking know...... Hindsight is 20/20

rikybrosh

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Quote from: suvo05 on August 20, 2017, 06:45:58 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?

If my payments were in btc then for my daily needs I would cash out some of those but for the remaining parts I would left them untouched.

That's wise decision, bitcoin adoption is keep increasing so there are big chance for bitcoin price rising. Even small amount, that will be worth in the future.

swiftbits

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It's your choice! I suggest to hold them for long but if you're in need of money then sell it
I'm always in need of money that why I have a habit of selling the bitcoin I received after a day, atleast I still have it in fix price, I don;t have to worry if it will dump the other week.

suvo05

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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 my payments were in btc then for my daily needs I would cash out some of those but for the remaining parts I would left them untouched.

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Quote from: Hazaki on August 20, 2017, 05:51:27 AM

Nope , never ever cash out now ,unless you're really in need of money .
Just keep them , they'll grow ! Like magic Grin

!

This is what im doing now.I do make hold of my bitcoin on my cold wallet and if i dont need money its not really necessary to withdraw them unless if needed. They do really grow everytime knowing that the price of bitcoin is volatile and prices would really go up and down and this is the beauty of holding it. For now on those people who did buy on cheap prices back on July maybe they can sell their coins as of now.

buyinbtc

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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?

It would depend if i would need money asap at that moment or not. If i would then i probably would sell one bitcoin, but otherwise i would avoid doing that. I think it's pointless to sell them now when their price will rise in future... So why lose potential money if you wait few months or even year.

Hazaki

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Nope , never ever cash out now ,unless you're really in need of money .
Just keep them , they'll grow ! Like magic Grin

!

Webetcoins

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Quote from: rodskee on August 18, 2017, 09:00:23 AM

its depend to you if you want cash out your bitcoin for needs, if you can't wait the high value of bitcoin price, to me not cashing out my bitcoin because contnue increasing the price value in the cryptocurrency world and i think now is time to keep bitcoin for savings,

the price of the bitcoin is very high today than the past few years the price depends on the market value and the number of the people that are using bitcoin when the people will start using bitcoin it will increase the importance of the bitcoin so saving bitcoin for long time will make you earn more money because today the chance of the bitcoin price increasing is more than before so keep your bitcoin save and if you want you can spend some for your daily need butt don’t sell all of them at one time.

fredrickodo

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Resaerch has shown that in investmen, investors cashing out their yeild is 98% appropriate when the profit is high than hoping for uncertinty.
You can cash out some of your investement and leave others for future purposes.

no0dlepunk

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If you have a job that pays good, I don't think you have a reason to cashout your bitcoins. It also depends on the amount of bitcoins that we are talking about here... if that is at least 0.5 bitcoins then you might wanna HODL for the next 2 years. I don't think it will make sense to cashout your bitcoins today and then buy in the future specially when the price is doubled or tripled already and then your goal is to wait until it becomes millions of your fiat's worth.

DU18

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I dont think it will be a wise decision to cashout bitcoin because bitcoins price is rising day by day.And at the end of this year BTC price will hit 6000$.So if you store bitcoin now,at the end of this year you can get huge profit.So, I dont think it will be a wise decision to cashout now.

wellsontheja

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If i'm yours i will wait a good moment

The good moment i say is like when the bitcoin price was Go up pretty well from the starting price when you save it

Or when you buy something and you really need that and you don't have cash
That's a good condition for cashout bitcoin i think

Eugenar

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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?

I will wait for its price to increase before selling it. Even if backdrop takes place I will not sell it because dips happens a lot. Most of the users here knows that dumps are part of Bitcoin's volatility that there'll times that its price will be low and also, there are times that its market value is high. It is better to patiently wait until its price increase thatn to sell it early and regret it pumps eventually happen.

megynacuna

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Quote from: jamirrah on August 19, 2017, 12:17:48 PM

You should always use your own instinct if you need to decide whether to cash out or not. I personally dont have plan to cash out btc by now or even after few months because I believe that btc price will continue to go up.

That's correct, it's relative and everyone has a pressing need at any moment in time and it is our individual pressing needs that makes us decide to either sell or hold and so I agree you have to instinctively consider yourself and your wallet balance and decide what to do. I likewise don't have plans of selling my tokens any time soon.

cpfreeplz

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Quote from: jamirrah on August 19, 2017, 12:17:48 PM

You should always use your own instinct if you need to decide whether to cash out or not. I personally dont have plan to cash out btc by now or even after few months because I believe that btc price will continue to go up.

I should use instinct? What the hell? My instinct is to not stare at the sun and to spread my seed across the land. I don't see how that is supposed to translate to when you sell your cryptocurrencies.

Sell when you need it. Don't be greedy if you don't need to be. If we've at an ATH and you'll need money in a few weeks, withdraw some.

bitbob82

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Quote from: matanglawin on August 19, 2017, 06:24:35 PM

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?

Its price at this moment is still high. I think ist is okay to cash it out now if you want to assure that you'll earn big amount of money. But if you want to somehow make a risk of making it even bigger, it's your choice to wait for a litter more. It is issued that there'll be a hardfork in November if I'm not mistaken, and the result is hard to tell if it will affect Bitcoin the same with the fork last Aug 1.

yes that is right that bitcoin price is still too much high but I think it is still increasing therefore I think we should hold it for next few months. although currently bitcoin is taking correction but still investors are confident and therefore they are not yet selling their bitcoin and are holding it for next some moe time.

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