Should I cash out my BTC now? - page 6.

camelson

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Quote from: flip4flop on September 01, 2017, 10:51:10 AM

I think if you are really concerned you could sell a portion of them if you think the correction is coming and as soon as it does use some of your profits to buy back in. However, long term if you dont need the money its probably worth just holding on.

Right, if you do not need money then it's better not to sell Bitcoin because the price will surely go above $5k and you never know may be it will increase further. So hold them for a bit longer.

craZyLovE0916

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It is up to you. I personally don't want to take responsibility for your decisions because it is your money and you need to figure out what to do with it. Tongue

skyline247

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Right now there is a massive bubble. I think it would not be unwise to cash out now and get back in after it crashes, which is inevitable.

Gameroid

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Quote from: flip4flop on September 01, 2017, 10:51:10 AM

I think if you are really concerned you could sell a portion of them if you think the correction is coming and as soon as it does use some of your profits to buy back in. However, long term if you dont need the money its probably worth just holding on.

i think correction is just taken place and now bitcoin has to increase its price, therefore recommend to buy bitcoin and not sell it, because currently there are more expectation that the price of bitcoin will increase more and more and may be this time it hit the 10000$ in next few months because the community of bitcoin is continuously increasing.

flip4flop

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I think if you are really concerned you could sell a portion of them if you think the correction is coming and as soon as it does use some of your profits to buy back in. However, long term if you dont need the money its probably worth just holding on.

owengtam09

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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?

It is depend on a person on how they really needs money in that moment, if a person who received their bitcoin and needs it right now then they can use it and cash it out. If they don't need to right now, they can still wait for the bitcoin to increase before they en-cash it.

Bellator

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Quote from: MMysterious on September 01, 2017, 10:19:20 AM

If you need the money right away because you need to pay important bills or it could help your daily or weekly needs then you should cash out your btc after you receive your payment but if you still have enough money and you don't need the cash right away, I would suggest to hold on to your bitcoin until it reaches the amount your comfortable with.

That's a nice idea because I also plan to open a business too. I will cash out someday and start a new life with my family. I hope my hardships will be paid off. It's also difficult if you don't have other options for your income right now. So for now I have to wait but if it's really urgent,I have to cash out my bitcoin.I also have personal needs and I would choose important things over less important ones so it depends on the case of the level of importance.

Xester

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Quote from: tanginamoo on September 01, 2017, 10:11:05 AM

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?

If I will receive for my payment I will wait for it grow even higher before cashing it out. If I were to spend it, I prefer not to spend it all. I will save a part for it for future expenditures and I want to make it grow. So if I were you I will wait for the increasing price of BTC.

That what I am doing right now. I am trying to save as much bitcoin I can save because its price really goes up strong. If before I withdraw all my bitcoin and spend it to buy things I need and want, now I just spend the bitcoin to buy the things that I only need. We all know that if we keep our bitcoin today and wait for the right time then we will all have a good future.

MMysterious

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Bear season or just the beginning

If you need the money right away because you need to pay important bills or it could help your daily or weekly needs then you should cash out your btc after you receive your payment but if you still have enough money and you don't need the cash right away, I would suggest to hold on to your bitcoin until it reaches the amount your comfortable with.

Scavagers

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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?

Soon, I will receive a payment for signature campaign. My plan for it is to store it in my wallet. Store it until it's price become very high or become doubled, it will be beneficial for everyone to wait for the increasing price of bitcoin. And I also plan to invest it a marker after I received it to make my money grow.

tanginamoo

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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?

If I will receive for my payment I will wait for it grow even higher before cashing it out. If I were to spend it, I prefer not to spend it all. I will save a part for it for future expenditures and I want to make it grow. So if I were you I will wait for the increasing price of BTC.

criz2fer

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I think we are all here to earn bitcoin. I think i wont cash out my bitcoin because for a longer investment. This year was the big boom for bitcoin and continue for becoming bullish until the end of the year.

aizen10

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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?

i choose to wait to increase because any single bitcoin you spend at the time you cash out, you misses the chance to gain more value of bitcoin in fiat money. so i suggest to wait until it will double the value of it before you spend a little bitcoin as a payment.

richminded

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Quote from: bitcoinVPSD on August 27, 2017, 05:37:03 AM

I think now is not the right time to sell your entire bitcoin. Instead, you should buy it to invest in it. I believe in the future its value will continue to increase. If You Need Urgent Cash You can sell a few bitcoin lo for life.

Thats true because i believe on the same thing that the price of bitcoin will continue to rise high in the next months. But if you really need the money dont hesitate to use some of your bitcoin because after all what matter most is what you need in real life.

bitterguy28

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★Bitvest.io★ Play Plinko or Invest!

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?

its depend on you if want to cash out your bitcoin for your expenses but if have a 2nd choice to get in source for daily expenses i will suggest stay and hold your bitcoin in your wallet bitcoin keep increasing the price value until now.

ankylotic

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Quote from: bitcoinVPSD on August 27, 2017, 05:37:03 AM

I think now is not the right time to sell your entire bitcoin. Instead, you should buy it to invest in it. I believe in the future its value will continue to increase. If You Need Urgent Cash You can sell a few bitcoin lo for life.

the good time of it is just started and i think you have to keep them atleast for a year or atleast at the end of this year and just wait and watch. my advice is just to keep your existing coin never invest now. if you have some just keep and wait and watch the show from outside. i think in a year or two it will shows its result and i think result will be in everyones favour.

Faith Joy

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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?

No do not cash out your bitcoin now.You can invest your bitcoin at poloniex.Poloniex is an online money trading website that can enable ypur bitcoin to grow through buyung and selling your bitcoins it can grow bigger.

cluit

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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?

Do not let anybody influence your decision or step on this, its your choice to make and you should use your investor’s instinct because that decision might be what you would end up regretting if you don’t act fast.

gesdan

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yeah, i think you should do research, is today or tommorow is the best time to cashout or best time to invest to other cryptocurrency, you should make some decision about to sell or buy some bitcoin, if you ask in this forum many people will say sell, and many people will say hold, so pick your decision about hold your bitcoin or sell your bitcoin Cool

ashfer

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it is always better to make a wise decision by withdrawing when the market is high rather than looking forward on others comments based on when to do so.. as you can see how the statistics of the market is going, so always make the right choice of making withdrawal when its high .As per my view its better to hold on with bitcoins as there are chance for the price to increase even more in the near future as it is gaining attention of more investors day by day.

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