what is the right time to cash out? | Bitcointalksearch.org

ArIMy11

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Quote from: kuronokishi10 on November 19, 2017, 03:05:45 AM

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.

Even though bitcoin price is crashing just keep holding. Time will come that it will recover. Patience.
But if a time come that you really need money but bitcoin price is still low and there is no other way to get money, don't hesitate to cash out. The important thing is you first resolve your problem.
Another thing I am doing is convert my bitcoin into fiat when the price is high but I do not cash it out. It will be my saving. I will only cash it out when emergency or I want to buy something.

Valzzz005

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Quote from: kuronokishi10 on November 19, 2017, 03:05:45 AM

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.

It depends on you men if you needed the money then go cash it put not all of them just the amount that you need but if you dont need it now why cash it out right? So nothing is gonna stop you from cashing out especially when it is an emergency thing. But if you have spare money and the price is low then it is much better to hold it for a while because if you get it the loss will be lost forever. And cash out if the price is very high and there are some rumors that the price will go down any time soon.

cheezcarls

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Looking for gigs

It actually depends on some several factors such as emergencies, pumping of the price that gives you enough profit, etc. Like for example, if a bull run occurs, you have a chance of a lifetime to cashout your profits due to long term holding. As for emergency purposes, we cannot blame them for that if they choose to dump. Everybody has their own reasons, and we have to deal with that.

rumexx

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You do not loss money in bitcoin if you could hold. But losses will be your lot when you panicked while trading and let go your holding. Understand that volatility is the nature cryptocurrency trading. Do not panic. Hold for your profit .

ahtsham90

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just compare your post with the current price. look at the btc now, the think which I have learnt from trading btc/altcoins never settled for less than their demand. day by day people are entering into crypto and the mother of crypto is BTC the right time to cashout is when it makes a new high

mega

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Actually it varies individual to individual,If you have enough amount for survival you did mistake to cash out.Bitcoin will hit on peak in couple of years you must think for long term and dont panic to sell early.Bitcoin is stable coin and become attraction of investors so more investment will inject more price will rise.Good luck

a2offrb

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No much thing to talk about here other than to buy at Dips and sell at Bumps. I feel studying the trend of market events at daily basis can be of great help especially to Day Traders. Whenever you buy any coin during probably bearish period, you tend to be patience without panic sales of any sort until you discover the bullish period for the coins to be cashed out. Best luck.

enawati

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Actually candlestick pattern and price pattern of crypto can help to decide that. Price pattern consist of continuously pattern and reversal pattern, and usually this analysis will be more accurate in daily time frame. Check also the market capatilization of crypto, that will increase or decrease.

FUD Expert

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If the price of your coin jump too much high in price then that is the right time to make some cashing out. It will surely going down after for a major correction where you can buy it again 2x-3x less than the price where you have sold it.

trickyriky

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Quote from: Redhead5 on May 23, 2018, 09:21:07 AM

Quote from: Joemzz31 on May 09, 2018, 03:08:15 PM

I think the right time to cash out is when the fourth quarter of the year comes because it has a great and higher value to be cash out and also to be profitable and its always be favor to the investors to gain income.

For me the right time to cash out is when the market is in good correction, and this will be usually happened during yuletide season or fourt quarter of the year. Because in this particular season some investors are truly believing the good market correction to happened and a great chances to gain more profit.

What I can say is that now, it is not the time for cashout. The cryptocurrencies that we are holding are cheaper than before, and we have to wait when they grow again and give us at least 30-40% of the profit.

pentix

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Now I don't trade daily because I can't see the point in it taking into account current stagnation. For long-term hold, I want to cash out after rates will be 150% of what I have invested. I don't believe BTC will make 300-500% of its current price someday

ashkanm

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When a huge price drops happen and you are scared of losing you money that will cause you to panic and will decide to cut your loss. Honestly, you can't stop panic selling if you trade cryptocurrency with emotions. Dont be in hurry. Wait for the perfect time where you will earn a lot of credentials. Patience is the most needed traits in trading. You need to have tons of it for you to be profitable here.

BobBct

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Cash out when it's high and don't when you're just feeling it because you may loose a very big chance of you earning alot of money when you hold it so don't let the greed get onto you.

daicavung

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Quote from: explosion on May 23, 2018, 12:31:11 PM

I think noone will tell you right moment for cashing out. In my opinion the best strategy is to fix profit partially. For example to sell 1/3 and to hold another 2/3.

You should set reasonable prices for sale, must have goals, and specific sales levels. So you can easily succeed in this market. If you buy and hold expectations at a price that is too high, you will not get around the BTC. So get a good sales pitch so you can easily take profit.

spyerf

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Quote from: kuronokishi10 on November 19, 2017, 03:05:45 AM

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.

feeling the fear of losing is a common thing that every new trader and experienced must feel. What distinguishes it is the action taken after feeling panic. by selling the coins we hold that can save us from losses when we buy them directly when the value is lower. there is no point regret, it is best to be a failure that is a lesson in the future.

xuzukami

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Quote from: RoftheN on May 23, 2018, 12:14:08 PM

No one can accurately time the cash out moment. You need to take profit constantly at breakpoints that you set, where you think would be a right amount of return for your investment. One shouldn't try to time the crypto markets as no one knows which direction the price could go all of a sudden.

We must first set the goal of selling the coin. For example, you are holding ETH, now they are $ 500 and you expect that the price will increase to $ 900-1000 at this price you will sell them, when the ETH reach this price you sell them Make money and make profits, even though the price keeps going up you still decide to sell at that price. do not too greedy expectations too high, then the market suddenly fell you will regret it.

cuenzy

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Depends on the trading strategy. You must have trading plan before buying ones so that you either maximize your profit or preventing loses in planning ahead.

v0rtecxz

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you should be calm under any circumstances, think of the right way out for every problem you face, from your case proven if you are in a state of panic, if you feel panic you can not decide the answer to your problem correctly, should you wait and see more further market moves further, because usually the decline occurs only a moment and after that there will be an increase again,

kwabeedat

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Well, per what I see from your post, it seems you're not thinking about HODL for a long term. If you want to trade and cash our early, then I suggest that you an cash out whenever you get a profit (set a profit target, shouldn't be huge though!).

Anandhi

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Quote from: Ehilamale on May 23, 2018, 12:43:16 PM

The right time to cash out money is when you have earned money on the cryptocurrency exchange.

When we already earn a good amount of profit is indeed the right time to cash out. But the step will repeat again, we may wait for the market downtrend to start the new buy order.

Topic: what is the right time to cash out? (Read 3908 times)