Should I cash out my BTC now? - page 13.

Wandika

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Quote from: Glorypaasa on August 19, 2017, 02:20:47 AM

Hi im still a newbie i dont have any bitcoins

but for me earning is good and just just wait for bitcoin high so much of value . but its ok of u want to cash out if you have an emergency financial like paying bills . bt for me earn is good than for my future money .

You are a junior member, And I think you have some earnings right now. I suggest you join on an altcoin campaign so that the salary will be much bigger compared to signature campaign available on services that pay BTC per week. We have the same ideology about holding Bitcoin, I'm always storing my earnings and wait for Bitcoin to pump and reach its peak price.

btc_angela

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Quote from: Glorypaasa on August 19, 2017, 02:20:47 AM

Hi im still a newbie i dont have any bitcoins

but for me earning is good and just just wait for bitcoin high so much of value . but its ok of u want to cash out if you have an emergency financial like paying bills . bt for me earn is good than for my future money .

I think the opportunity to cash out bitcoin has already been missed, right now the bitcoin price is just above $4000, cash out should have happened when the price is $4500. I guess for you newbie it is very exciting to see bitcoin in your wallet even if it is just a dust amount. Grin

. Of course its all depends on the individual, if there is a emergency situation then you don't have a choice whether the price is low or high, you just have to sell to be able to save your financial emergency.

Carlsen

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If you are in need of the money, cash out whenever you need it.
If you have an investment plan for bitcoin and nothing has really changed for you, I would advise to stick to the plan.
If you just see the high price, think of all those guys who thought that 500$ was a high price and sold at that point.
It's not easy to give an advice right now, but don't rush things. Think them carefully through.

Glorypaasa

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Hi im still a newbie i dont have any bitcoins

but for me earning is good and just just wait for bitcoin high so much of value . but its ok of u want to cash out if you have an emergency financial like paying bills . bt for me earn is good than for my future money .

UCHCHILD

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Activity: 490

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As of now we can see how bitcoin is getting higher every now and then, so I guess if there is nothing to do with your money better just keep it to your wallet and see how it is earning its profits. This time is the best to hold on bitcoin. But still it is your choice, this is for us not to blame others if you failed to earn profit into it because we do not know yet, crashing might come or not, it is just a big risk.

boyptc

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Quote from: MFahad on August 18, 2017, 09:16:38 AM

Quote from: boyptc on August 18, 2017, 08:54:18 AM

Quote from: alexiusredd on August 18, 2017, 05:02:58 AM

It is better to wait when bitcoin rises to 5000+ and then cash out

You can also wait for $10,000 very soon. Just be patient and don't rush things as everything is fine with bitcoin now. The market is fluctuating a very good price and if you want to cash out your bitcoins now. Make sure that there is something important you will purchase because it will be nonsense if you just want to cash out.

It is possible that within years, we will see bitcoin cross $10000.
Because if we see the price growth then we easily judge that within 1 or 2 years bitcoin definitely cross $10000.
For example, if in this year bitcoin will be reached at $5000 than it is so easy to reach for bitcoin at $10000 in the coming 2 years.
It mean now keep the bitcoin in our wallets and wait for a good time.

That will be the best day ever(so far) if bitcoin will be reaching $10,000. Just don't cashout if you don't really need the money but if there's an important thing that you will be buying with that money then just cash out. This is why today I'm cashing out because I've been working for the renovation of my 2 houses.

Clement Kaliyar

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Quote from: Heyyyrenz on August 18, 2017, 12:57:45 PM

Actually right now what i'm doing is i divide my money or bitcoin into two. The first 60-70% i withdraw it to my local currency in order to buy things, food, clothes etc. for my self and the remaining 30% i deposit it to my paper wallet and maybe next year i'm going to check it's balance and withdraw it. Because i know that bitcoin is increasing and increasing.

If you are dividing your money for your personal things,then it is your choice because your overall profit does take a hit in the long term,you must always have a primary source of income because bitcoin is not the primary source if you are not having a lot of coins in your wallet,i am holding the coins for the long term,because the speculation is really promising.

winnerhor

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Better follow your own choice because this about a high risk activity . You only can accept no matter earn or loss

yvesp110

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Quote from: mace15 on August 18, 2017, 12:27:50 PM

Quote from: cryptohorsee on August 18, 2017, 12:12:31 PM

No matter what just hold your bitcoin. If you are not trader just hold for life, you will be rich.

Holding is best decision to do with your bitcoin. As I believe price will sky rocket this year and as what you can observe the value is high. So save,hold, and we can be rich in bitcoin.

looks like I find the fellows with the same thoughts, I also hold my bitcoins and the truth is I know the prices are quite higher then our expectations and they will further high in this year so I advise not just hold your coins, buy more bitcoins this will make us more profit and I ‘m working to achieve this goal, wish you best of luck, and keep working to earn.

Minecache

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Quote from: valentin68 on August 18, 2017, 01:12:15 PM

I made the most stupid mistake to cash out 0.5 bitcoin on 30 July fearing the worst on August 1st. It was most stupid. I will need 3 years to recover the lossses of what I lost on that day from my fear. If you need money it is good to cash out 10% of what you have. If you want to cash out everything, cash out 90%, leave 10% in bitcoin, one never knows...

You missed out on the price rise and the free BCH.

Olivious

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Always HODL cash out what you need, If you sell all your bitcoin it will be hard to buy back the surge of value of bitcoin.

adzino

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Quote from: valentin68 on August 18, 2017, 01:12:15 PM

I made the most stupid mistake to cash out 0.5 bitcoin on 30 July fearing the worst on August 1st. It was most stupid. I will need 3 years to recover the lossses of what I lost on that day from my fear. If you need money it is good to cash out 10% of what you have. If you want to cash out everything, cash out 90%, leave 10% in bitcoin, one never knows...

If you are talking about the recent rise of price after august 1 and you haven't sold it during the dip ( that is when the price went all the way down to 1800$) you didn't actually suffer any kind of loss. You just squandered the opportunity to make more profit off your invest. It's never too late. You can still make fortune from bitcoins.

Similificator

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Quote from: hassanabid on July 17, 2017, 12:23:47 PM

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

Dude, that would be the worse decision that you will ever make in your life(depending on the value you want to sell thou). Seriously, you will regret it. I understand that you might be confused because of all the things that has happened and are still happening to bitcoin today. Plus all the different opinions of other people who are also confused. But trust me mate, keeping your bitcoins is the best thing you can and must do. Even better if you buy more because clearly, this currency has proven so many things already and has a really great potential. Meaning, a great future ahead.
Having said these, i still suggest you do your own research, and don't trust any info you see on the internet.
Because most people behing those words or statements don't even know what they are talking about.

25hashcoin

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Yes sell and pick up some Bitcoin Cash.

Theb

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Quote from: valentin68 on August 18, 2017, 01:12:15 PM

I made the most stupid mistake to cash out 0.5 bitcoin on 30 July fearing the worst on August 1st. It was most stupid. I will need 3 years to recover the lossses of what I lost on that day from my fear. If you need money it is good to cash out 10% of what you have. If you want to cash out everything, cash out 90%, leave 10% in bitcoin, one never knows...

What losses are you talking about? From what I remembered Bitcoin was still at the 2700$ on July 30 and it is one of highest price you could ever buy Bitcoin before August 1. Also there is really no right proportion on cashing out Bitcoin for Fiat currency, what I normally say is that you cashing out Bitcoin depend on how much you need. But if you are cashing out because you are scared the best thing to do is to just sit tight because in these kind of scares are where investors are tested the most.

valentin68

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I made the most stupid mistake to cash out 0.5 bitcoin on 30 July fearing the worst on August 1st. It was most stupid. I will need 3 years to recover the lossses of what I lost on that day from my fear. If you need money it is good to cash out 10% of what you have. If you want to cash out everything, cash out 90%, leave 10% in bitcoin, one never knows...

Youghoor

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Activity: 1036

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Dont do it bro, you will only get a loss, bitcoin is probably going up in the next month, so you should wait a bit and then exchange it to fiat.
If you need money asap then try to cashout less.
I will hold half of my bitcoins until $10k

longpro098

full member

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No, I think you should not sell bitcoin at this time. We can see the value of Bitcoin increasing and it will increase all over time.
Just keep it for a while in the future until something really bad happens

bamboylee

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If you work for bitcoin to have food in your table, of course you need to sell it whether the price is high or low. It is a necessity. But if you are a hodler, it is your own prerogative. The price is really high right now, it is a win.

Heyyyrenz

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Actually right now what i'm doing is i divide my money or bitcoin into two. The first 60-70% i withdraw it to my local currency in order to buy things, food, clothes etc. for my self and the remaining 30% i deposit it to my paper wallet and maybe next year i'm going to check it's balance and withdraw it. Because i know that bitcoin is increasing and increasing.

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