Let's say bitcoin goes on a major bull run before the the end of the year...are you prepared to cash out? Are you ready to cash out or are you content to hold for longer? Will you be ok with paying coinbase fees to cash out or will you use other methods like LocalBitcoins.com for peer to peer transfer. What will you do? What method do you think is best?
I think coinbase and localbitcoins have a transaction with a high cost for beginners and I still like to save bitcoin for a long time 
Topic: To Cash Out or HOW to Cash Out? (Read 334 times)
Let's say bitcoin goes on a major bull run before the the end of the year...are you prepared to cash out? Are you ready to cash out or are you content to hold for longer? Will you be ok with paying coinbase fees to cash out or will you use other methods like LocalBitcoins.com for peer to peer transfer. What will you do? What method do you think is best?
Quite funny when I see some people complaining about Coinbase fees for cashing/withdrawing to banks, it’s not even much. Same as people sometimes complain about fees for transaction (well, that’s a little bit different case). But if the price happens to go up before the end of this year, I will probably withdraw and there are lots of ways I can do that. I can decide to sell through localbitcoin, or maybe withdraw, if not I can also sell to one local exchanger that I know and I prefer selling to him cause it’s very fast and he’s way more reliable and lives in the same country with me, pays to my bank account straight.
Well,if there is big bull run and I wanted to cashout real quick,I'll just use USDT/BTC temporary until I'm able to cashout via Bank safely.I think that's the biggest advantage of Tether,in this kind of situations you don't have time to cashout using Bank transfers or similar services as it takes time for processing.And nobody got time for that.
Often people use to convert electronic money to banks to receive money. But the fastest way to convert that profit from BTC to USDT is the fastest way that longtime investors do. Hold the interest area and then keep the property calm and then transfer to your bank account when the price. Let's say bitcoin goes on a major bull run before the the end of the year...are you prepared to cash out? Are you ready to cash out or are you content to hold for longer? Will you be ok with paying coinbase fees to cash out or will you use other methods like LocalBitcoins.com for peer to peer transfer. What will you do? What method do you think is best?
I think to cash out is depends on your country and on what exchange you use to cash out. There are countries and exchange that easy to transact withdrawal to cash out your money. Like here in our country we can cash out through remittance center which is very easy and convenient.
I only cash out when I need the money, I won't get caught by the trend and sell my coin, for me bitcoin is a long term investment, I will hold as long as I can, and I don't mind to pay some fee to cash out my coin, the most important is the platform to cash out is reliable, safe and convenient to use
I agree with you. Unless someone is a trader, no need to cash out before time. This has never happened in the history of Bitcoin that its previous ATH were not repeated and surpassed some time later. It's obvious that BTC will be over $20k, the only question, when? But even knowing this, we have to cash out when we need money for our living, so we do, although heavy-heartedly. Lucky bastards who can afford buying these days.
Let's say bitcoin goes on a major bull run before the the end of the year...are you prepared to cash out? Are you ready to cash out or are you content to hold for longer? Will you be ok with paying coinbase fees to cash out or will you use other methods like LocalBitcoins.com for peer to peer transfer. What will you do? What method do you think is best?
I will sell them fro sure if the bitcoin hikes like the way it did last year in December. Because this will give me perfect ROI + profits that I always imagined in my life . I dont want to miss this opportunity this year the way I missed it last year. I am hoping to go for the selling option. I will surely have huge bag of fiat after doing so. Then next step of mine would be reinvesting some of the share that I have gotten back into the bitcoin and try to gain more if the bitcoin ever hikes above that prices too. Or just have it in the fiat and wait for the drop to come and then reinvest. This will give me huge profitability.
Let's say bitcoin goes on a major bull run before the the end of the year...are you prepared to cash out? Are you ready to cash out or are you content to hold for longer? Will you be ok with paying coinbase fees to cash out or will you use other methods like LocalBitcoins.com for peer to peer transfer. What will you do? What method do you think is best?
This is really hurting me because you're saying the things I cannot sleep because of, if the major bullrun will come I'm totally not prepared to it and I will cry and regret that I have not bought bitcoin with all I have. Let's say bitcoin goes on a major bull run before the the end of the year...are you prepared to cash out? Are you ready to cash out or are you content to hold for longer? Will you be ok with paying coinbase fees to cash out or will you use other methods like LocalBitcoins.com for peer to peer transfer. What will you do? What method do you think is best?
This is not a mystery anymore if the market runs into major bull run again. It's fine to pinch some profits if you have gained that much just to reward your patience and calmness during the entire year of holding.I'll keep holding but will pinch some profits.
I'm fine with any fees as long as it isn't too high, so you're expecting if the market goes bull again there will be another network spam that will cause the fees too high again?
I only cash out when I need the money, I won't get caught by the trend and sell my coin, for me bitcoin is a long term investment, I will hold as long as I can, and I don't mind to pay some fee to cash out my coin, the most important is the platform to cash out is reliable, safe and convenient to use
I think will stay the same and not withdraw money. Somehow you should have confidence in your trading, I think Bitcoin will come back at a certain time. Maybe some people will say I'm desperate but when I choose to invest in risky things happen is inevitable. I can accept and take responsibility for my decision.
Normally, Bitcoin trading floors support the conversion of Bitcoin to cash. So, you want to transfer Bitcoin to cash then you have to go through the intermediary trading platform. It is best to choose a reputable and quality intermediary to avoid the risk of cross-trade.
Let's say bitcoin goes on a major bull run before the the end of the year...are you prepared to cash out? Are you ready to cash out or are you content to hold for longer? Will you be ok with paying coinbase fees to cash out or will you use other methods like LocalBitcoins.com for peer to peer transfer. What will you do? What method do you think is best?
It's not for the first time that I see people expect a major bull run before the end of the year, but in my opinion there are almost no grounds for such expectations. Bitcoin is around for almost 10 years, and a major bull run with following downfall happened in December only twice, in 2013 and 2017. CMIIW. I think we can expect a marked jump at any time, it not necessarily should be the end of the year.
Another thing which is not necessarily should happen is the following downfall. For example, during the period from Nov 2016 to the end of Dec 2017 Bitcoin price had risen from $700 to $900, and, except for two weeks in Jan 2017, had been rising only more and more since.
So, I wouldn't hurry to cash out if the price was at its ATH again because no one knows when the rising stops.
Well if i can save bitcoin before this year end and the value will rise like what happen last year i think i will sell 50% of it and hold the other 50%, i will save my capital and the profit will roll over and will be the capital for trading or other method that can earn additional income.
Let's say bitcoin goes on a major bull run before the the end of the year...are you prepared to cash out? Are you ready to cash out or are you content to hold for longer? Will you be ok with paying coinbase fees to cash out or will you use other methods like LocalBitcoins.com for peer to peer transfer. What will you do? What method do you think is best?
I met a couple of times in person and I sold crypto currency for cash. But if there are no reliable buyers, then I think it's better not to do it, but use localbitcoins. The difference between such methods will not be more than 5%.
It depends on your investment plan, if your idea is profit without setting a cap for gains, it means that you may lose because of greed. "20,000 is not enough. I want to wait until I reach 100,000 
".
Cash out process depends on your country and the amount of data "Docs/ID" you are willing to provide, getting cash "anonymously" becoming more difficult with a small amount of money and vice versa.
The best way is trading platforms due to lack of opportunities to scam "if you deal with a reliable platform."
".Cash out process depends on your country and the amount of data "Docs/ID" you are willing to provide, getting cash "anonymously" becoming more difficult with a small amount of money and vice versa.
The best way is trading platforms due to lack of opportunities to scam "if you deal with a reliable platform."
Human needs are very well insatiable. If bitcoin should reach $100,000 today some people would still wait till when it will reach $200,000 despite the fact that the $100,000 is what they have been aiming at since years got into bitcoin in the first place. How to cash out to me is one of the simplest to do and agree depending on your country. There are several options available there is direct sales to individual, there are exchange sites that pay directly into banks, there are also peer to peer sites, you can even use it to buy goods among other means. Just choose one that best suit your needs without raising unnecessary eye brow with the government or any of its agencies.
Yeah we always like to think that there's something better just around the corner. The most important trait of a good trader is knowing when to call it quits and exit a position. This is hard to do with bitcoin because there's always so much hype about further movements and I think it kind of blinds people a bit. I'd just be happy with any level of profit and watch the charts carefully to see what comes next.
It depends on what you want to do with the money. If you send it directly to your bank you are going to have to claim taxes on it, maybe even twice if you can't prove where it came from. That's why some people prefer P2P exchanges because no one knows about the transfer other than the receiver and the seller. Oh and of course your exchange, who will of course tell any authority who asks.
I think it may depends on the price, if it go up high enough to cover my initial investment and bring me a lot of profit, I may consider cash out some of my coins, but maybe not all. If it just barely cover my investment, I will definitely hold a little longer to see how it goes next year.
It depends on your investment plan, if your idea is profit without setting a cap for gains, it means that you may lose because of greed. "20,000 is not enough. I want to wait until I reach 100,000 ".
Cash out process depends on your country and the amount of data "Docs/ID" you are willing to provide, getting cash "anonymously" becoming more difficult with a small amount of money and vice versa.
The best way is trading platforms due to lack of opportunities to scam "if you deal with a reliable platform."
".Cash out process depends on your country and the amount of data "Docs/ID" you are willing to provide, getting cash "anonymously" becoming more difficult with a small amount of money and vice versa.
The best way is trading platforms due to lack of opportunities to scam "if you deal with a reliable platform."
Human needs are very well insatiable. If bitcoin should reach $100,000 today some people would still wait till when it will reach $200,000 despite the fact that the $100,000 is what they have been aiming at since years got into bitcoin in the first place. How to cash out to me is one of the simplest to do and agree depending on your country. There are several options available there is direct sales to individual, there are exchange sites that pay directly into banks, there are also peer to peer sites, you can even use it to buy goods among other means. Just choose one that best suit your needs without raising unnecessary eye brow with the government or any of its agencies.
I will not withdraw nor sell, I will keep until it reaches the desired figure. I think bitcoin is still growing in the near future.
Well,if there is big bull run and I wanted to cashout real quick,I'll just use USDT/BTC temporary until I'm able to cashout via Bank safely.I think that's the biggest advantage of Tether,in this kind of situations you don't have time to cashout using Bank transfers or similar services as it takes time for processing.And nobody got time for that.
Well, if we say we I am going to earn a decent profit, then I will cash out then invest again. And then go on a cycle.
Well, I am not cashing out it after exchange into fiat but rather keep it on wallet and wait to price to change. Bitcoin nowadays become very volatile and change big in the market. When the price down I tend to buy bitcoin again and get much higher volume which give me profit, doing that will not keep me to bored while waiting for the change but I am enjoying that and never cut my lose because I know when to and not go into market. Let's say bitcoin goes on a major bull run before the the end of the year...are you prepared to cash out? Are you ready to cash out or are you content to hold for longer? Will you be ok with paying coinbase fees to cash out or will you use other methods like LocalBitcoins.com for peer to peer transfer. What will you do? What method do you think is best?
Obviously, everyone will be prepared to cash out because most of the investors are just waiting for the price of bitcoins to pump and they cash out their coins immediately in order to earn a huge amount of profit.
Let's say bitcoin goes on a major bull run before the the end of the year...are you prepared to cash out? Are you ready to cash out or are you content to hold for longer? Will you be ok with paying coinbase fees to cash out or will you use other methods like LocalBitcoins.com for peer to peer transfer. What will you do? What method do you think is best?
I dont see a good reason for cashing out. The fees and tax are too high.
Why do you need cash by the way?
Imagine bitcoin as a currency account. You can spend it on a lot of things nowadays, including air tickets, restaurants, even buying a car. I would just use it to buy stuff if I need to as more and more people are accepting it as a payment
Let's say bitcoin goes on a major bull run before the the end of the year...are you prepared to cash out? Are you ready to cash out or are you content to hold for longer? Will you be ok with paying coinbase fees to cash out or will you use other methods like LocalBitcoins.com for peer to peer transfer. What will you do? What method do you think is best?
Cash out or not, it's depending on your goal. For me, if my goal reached and sure I will cash out my bitcoin.For cash out, in my country, it's not hard and fees relatively cheap, about 2$ or max 1% from your amount coin/token.
Let's say bitcoin goes on a major bull run before the the end of the year...are you prepared to cash out? Are you ready to cash out or are you content to hold for longer? Will you be ok with paying coinbase fees to cash out or will you use other methods like LocalBitcoins.com for peer to peer transfer. What will you do? What method do you think is best?
Cashing out is not that easy in cryptocurrency because the market price is volatile so you will not be able to earn profit immediately and if the market price is dropping then all you need to do is just wait.
Let's say bitcoin goes on a major bull run before the the end of the year...are you prepared to cash out? Are you ready to cash out or are you content to hold for longer? Will you be ok with paying coinbase fees to cash out or will you use other methods like LocalBitcoins.com for peer to peer transfer. What will you do? What method do you think is best?
It depends upon the person how expenses really needed for daily lives. But if there was enough expenses that enough fund for several months or years of course I choose hold it to preapared into investment if ever there is changes of price.
I will set a more suitable cash price. If I reach this price by the end of this year, I will not hesitate to cash it. If not, I will keep holding my coin.
Well, if we say we I am going to earn a decent profit, then I will cash out then invest again. And then go on a cycle.
At least once a month I sell some Bitcoins that I receive in my address and i'll keep on doing it because i'm not in the position to risk everything I have on my address.
As what others said Coinbase is not available in every country. If Coinbase becomes available here I won't use them because our local exchange doesn't charge any fee for cashing out Bitcoins on selected banks and other payment methods.
As what others said Coinbase is not available in every country. If Coinbase becomes available here I won't use them because our local exchange doesn't charge any fee for cashing out Bitcoins on selected banks and other payment methods.
I don't know exactly what the coin base exchange rate is for bitcoin to fiat but I do suspect that if your exchanging over 10 K you will probably lose a significant amount in fees.
According to this article they charge 1.49% in fiat terms so for a $10k cashout they charge $149 in fees.
I do not know what is behind this question ! cashing out in couple of months will be same as cashing out now what is the different ? and whay we would need extra preparing for it ! Anyways ...
The best way to cashout for anyone would be to use a local trusted person/exchange, it is the cheapest way to cashout .
The best way to cashout for anyone would be to use a local trusted person/exchange, it is the cheapest way to cashout .
I will cash out some but I will definitely hold a good stack as well, I still see bitcoin as a long term thing.
Let's say bitcoin goes on a major bull run before the the end of the year...are you prepared to cash out? Are you ready to cash out or are you content to hold for longer? Will you be ok with paying coinbase fees to cash out or will you use other methods like LocalBitcoins.com for peer to peer transfer. What will you do? What method do you think is best?
I will be ready to cash out 50 percent of my balance, and transfer other 50 percent to stable coins. If people want to buy coins for cash, I'll try to sell it at a personal meeting. If not, I will use localbitcoins.
I will surely cash out if BTC, but in parts if sees a bull run before end of this year because as we all has observed and learned from the past history of BTC that it is always bullish by the end of year and becomes bearish by Feb/March month of upcoming year. Therefore its better to sell when BTC is bullish and again buy when it enters bearish trend. I will prefer peer to peer transaction in order to cash out my holdings as in my county India the central bank has banned transactions of crypto currencies, therefore exchanges are not able to cash out our holdings and are instead providing advanced peer to peer transactions for cash out. The rest of the trading remains the same.
I think historical market data has shown that the period January - February - March is when the price of Bitcoin goes down so if there is really a bull run happening this fall I would be prepared to sell before April for sure. The repeating cycle makes for an increase in prices in fall-winter season and a decrease in spring-summer season. Some people have said you should hodl everything until next Bitcoin halving. Seems like a good advice to me personally. As for the withdrawal method, well, I would go with Coinbase, because it's just so much more convenient to deposit, exchange and withdraw funds to your bank account in a couple of minutes without leaving the house. If you want to do a peer-to-peer exchange through LocalBitcoins you need to meet with strangers in public places which is risky as you could be robbed or attacked or followed back home etc.
Let's say bitcoin goes on a major bull run before the the end of the year...are you prepared to cash out? Are you ready to cash out or are you content to hold for longer? Will you be ok with paying coinbase fees to cash out or will you use other methods like LocalBitcoins.com for peer to peer transfer. What will you do? What method do you think is best?
I think this will be depend on you. If you're a big-time investor looking and wanting to have a big income you will hodl it until you really earn 100x or more but if you're goal is to earn only maybe its not bad to ripped off some profit from the holdings. Then just buy again when the dip arrived. I dont know the purpose of your OP, maybe you just want to know some opinion from members here. If you're confuse what to do on your bitcoin based your decision on your personal risk investment assesment. If you're a high risker or average investors.
My preference is to cash out having 30 to 40% profit from bitcoin holdings.
Let's say bitcoin goes on a major bull run before the the end of the year...are you prepared to cash out? Are you ready to cash out or are you content to hold for longer? Will you be ok with paying coinbase fees to cash out or will you use other methods like LocalBitcoins.com for peer to peer transfer. What will you do? What method do you think is best?
I am ready to use our local wallets to convert my bitcoin to fiat whenever the bullrun comes because after conversion i will only wait for dump then buy that same amount to bitcoin again.this is how i run my holdings because bitcoin is my main objective being here,the more bitcoin i can have is the successful inmay come
my prefered way to cash out via MoneyPolo or Okpay, because they have a money transfer like Unistream, Western Union and etc. You can send money to anyone.... if u undestand wat i'm talking about....)
It depends on your investment plan, if your idea is profit without setting a cap for gains, it means that you may lose because of greed. "20,000 is not enough. I want to wait until I reach 100,000 ".
Cash out process depends on your country and the amount of data "Docs/ID" you are willing to provide, getting cash "anonymously" becoming more difficult with a small amount of money and vice versa.
The best way is trading platforms due to lack of opportunities to scam "if you deal with a reliable platform."
I agree that. They have many ways to cash out Just read all forum for the information contained in this group. But will be in the market you must be patient to get the higher profit for that matter how much you want to make you satisfaction. ".Cash out process depends on your country and the amount of data "Docs/ID" you are willing to provide, getting cash "anonymously" becoming more difficult with a small amount of money and vice versa.
The best way is trading platforms due to lack of opportunities to scam "if you deal with a reliable platform."
I'm not ready to cash out because I'd quickly go over the monthly transaction limit, which will attract attention from authorities. I seriously don't want to pay those ridiculous taxes, so I'll probably have to cash out slowly and via multiple routes to stay off the radar. I also want to see Bitcoin accepted more as currency, so I can avoid some taxes by spending it instead of selling. Also, would be great to have some two-way ATM's to sell coins for cash anonymously.
Let's say bitcoin goes on a major bull run before the the end of the year...are you prepared to cash out? Are you ready to cash out or are you content to hold for longer? Will you be ok with paying coinbase fees to cash out or will you use other methods like LocalBitcoins.com for peer to peer transfer. What will you do? What method do you think is best?
If it does happen I wouldn't just let go on Bitcoin, I would still stay for awhile it if will still go up, and if it does go down I would convert it into USDT.
I’ll just HODL. If price goes up a lot I’ll spend some but won’t cash out.
Same thinking we have here. With its trend now, Bitcoin is rising, i really must HODL coins, and just few to spend whatever we need but more percentage to HODL, it will gain me more after.
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I’ll just HODL. If price goes up a lot I’ll spend some but won’t cash out.
The cheapest and most private way would to do a transaction with someone you know and trust. After that I would attempt to find someone in my region to trade with. Expand your radius further and further until you find someone. If you don't care about privacy or price use coinbase.
You could always utilize Tether do allow you ample time to cash out should the need arise. I can see it possibly taking time to offload a 20k Bitcoin on a local forum.
Interesting thoughts I was expecting to hear more about platforms like local bitcoins and discussion about which accepting exchange has the lowest fees. I agree that your investment plan will be a major factor in deciding when to cash out, but I was just really posing the question of how would you decide to cash out if bitcoin were to increase dramatically by the end of the year. I agree that safety is a major factor but would likely be willing to take at least 10-15% of my holdings and try cash out through localbitcoins.com and avoid big coinbase fees. I don't know exactly what the coin base exchange rate is for bitcoin to fiat but I do suspect that if your exchanging over 10 K you will probably lose a significant amount in fees.
Let's say bitcoin goes on a major bull run before the the end of the year...are you prepared to cash out? Are you ready to cash out or are you content to hold for longer? Will you be ok with paying coinbase fees to cash out or will you use other methods like LocalBitcoins.com for peer to peer transfer. What will you do? What method do you think is best?
There is nothing wrong in the fact that some things should be considered/prepared in advance, and in case user have intention to sell BTC at a certain price all possible options should be considered. At the end all is depending on what price you are ready to sell and do you have intention to buy back or this should be complete exit from crypto.
We see that any user who sell in range from 19k$ to 20k$ is made a good choice at that time, it was obvious that correction will take place and the opportunity to buy back will appear. If we look from that angle users who just hold actually lose opportunity to increase their amount of BTC, sold 1 buy 3 does not sound like a bad deal.
The best method to cash out is the safest one, to use trusted exchange and withdraw fiat to bank account.
It depends on your investment plan, if your idea is profit without setting a cap for gains, it means that you may lose because of greed. "20,000 is not enough. I want to wait until I reach 100,000 ".
Cash out process depends on your country and the amount of data "Docs/ID" you are willing to provide, getting cash "anonymously" becoming more difficult with a small amount of money and vice versa.
The best way is trading platforms due to lack of opportunities to scam "if you deal with a reliable platform."
".Cash out process depends on your country and the amount of data "Docs/ID" you are willing to provide, getting cash "anonymously" becoming more difficult with a small amount of money and vice versa.
The best way is trading platforms due to lack of opportunities to scam "if you deal with a reliable platform."
Let's say bitcoin goes on a major bull run before the the end of the year...are you prepared to cash out? Are you ready to cash out or are you content to hold for longer? Will you be ok with paying coinbase fees to cash out or will you use other methods like LocalBitcoins.com for peer to peer transfer. What will you do? What method do you think is best?
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