My cashout indicator is Jamie Dimon of JP Morgan.
In September he was saying that bitcoin was a bubble. But it now looks like JP Morgan will be offering the CME bitcoin futures to their clients. If they actually go ahead and do it, that's a sell indicator - when the last bear capitulates, the bull market is about to turn.
Topic: what is the right time to cash out? - page 5. (Read 3908 times)
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$.
Please help me with your advice /opinion.
Please help me with your advice /opinion.
Controlling your emotions is the key and do not panic Bitcoins value is getting stronger and it is the most promising coin even if the price falls down it would recover eventually so you should be used to it on the movement of market. If you think you have already gained you can sell it right but it is best if you set a target percentage or goal on when you will sell your bitcoin so that you will not be disappointed.
Investments is your risk at all, then doing cash out anytime is up to you. We all know Bitcoin is not in a steady path, it may goes up then suddenly down, but recently this past few days, it gradually increases. Then asking the right time, it is a must because you need it for you to cash out, also when price is up, its a good thing but if it deeply lower, its not advisable, you' ll be at lost.
I am still learning to overcome nervous when making a wrong decision in trading, because I think loss and profit in trading depends on ourselves. the most important not to panic easy to sell if you experience a loss, must always think positive and stay calm, so no one in taking the decision to sell or buy
This is the worst thing because a lot of the people are making the bitcoin trading just in the wrong way because the bitcoin trading is the only thing it needs a lot of the experience and the proper investment if you are not able to invest in the bitcoin then the only thing that will give you the profit is the bitcoin signature campaign so the bitcoin is high in the value it Is good to buy the bitcoin if you will invest you will hold the bitcoin. I was so nervous that when bitcoin price dropped to 6000$ 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.
Please help me with your advice /opinion.
You should have put a limit or cutting your losses if that happens. Trading bitcoin is unpredictable that why you need to monitor it for some times.
Suppose You buy altcion around $5000 and when it will be a $5100 now your profit is only $100 if you want to withdraw your balance you can do that or if you want to more money you must need to wait for sometime then you sell your altcoin when you can see your profit is good .
Bitcoin's price is very volatile that it goes pumping, then later it will start dumping its price. We can say that you should just hold your coins, and let it pump and dump, but it will never dump that low
we must do the necessary market research in every subject we are interested in and need. If a person is not playing golf, he will not want to buy it when the golf club comes cheaply. and he will not know the market of the rival.
so we do not have to know the price of everything. but it is very important to do market research to gather information for whatever we need.
so we do not have to know the price of everything. but it is very important to do market research to gather information for whatever we need.
Nicely put and that's a very good point. You can't always rely on other people on when it would be the right time to buy or sell since their situation may very well be different than yours. Their selling point may not be comfortable for you.
we must do the necessary market research in every subject we are interested in and need. If a person is not playing golf, he will not want to buy it when the golf club comes cheaply. and he will not know the market of the rival.
so we do not have to know the price of everything. but it is very important to do market research to gather information for whatever we need.
so we do not have to know the price of everything. but it is very important to do market research to gather information for whatever we need.
This is the perfect time for cashing out bitcoin since it is above 8000 dollars at present and there are maximum chances it will further increase in value. If you are really in need of money, you can cash out bitcoin right now but if you want to have big money, sell off bitcoin by the end of December because there are maximum chances that it will further increase in value.
People said that it's better to sell when we reached the $5000 mark for the first ever time, and then $6000, and then $7000, but it turned out that these were not the "perfect" moments to cash out.The same may apply to current levels, and far beyond. People are used to how things were before this craze started to boom, and it's safe to say that the previous factors don't play much of an important role anymore.
New money is flowing into this market constantly, and we're very close to opening the doors for institutions to enter this market legally. Current levels may turn out to be very cheap in the next few months.
haha,, you do it well dude, why do you still doubt in bitcoin? i think you're full in hesitation to trade.
I sold some BTC along the way, but I will always have some. I have a VERY diversified profile including real gold and traditional stocks. But I will always have a few bitcoins in cold storage for a rainy day or to give to my future children.
if you believe all those predictions that sounded Until today, then the reality of a couple of Bitcoin's future in years will be a tremendous fortune. Probably in this way very many people decide to improve their financial condition and ensure the future of children.
the right time to cash out is when you can sell your bitcoin at the high price so you can make a lot of money. we have different price and every people will do their way to make the profit and only us that will when the time comes. for the price now, I think it is the right time to cash out although the price does not reach $10,000, we can cash out right now. but if you want to wait until the price reaches $10,000 to cash out then you need to wait for a while.
I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.
Please help me with your advice /opinion.
You czn cash out out anytime but to be able to get a profit you should cash out your bitcoin when it is in the highest price.
I was so nervous that when bitcoin price dropped to 6000$ 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.
Being nervous that bitcoin value will dropped to $6,000 is just a part of dealing with money since we knew that we made effort to earn those. Can you be ready for what will happen to the bitcoin world? Since most of the time, people keep on spreading some rumours about crashing of bitcoins. Let's just watch and observe what is going on to bitcoin world and create a positive thoughts about it. Please help me with your advice /opinion.
That depends on what you need. If your reason why you're here in the forum is to support your needs, you will be forced to cash out if you have no money. But it's better to hold Bitcoin first because it's a big chance that it will increase next year.
I was so nervous that when bitcoin price dropped to 6000$ 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.
you must have target price on buying or selling for you toPlease help me with your advice /opinion.
Have an alaram when to buy or sell,its not because the price of your
coin dropped means you must panic and sell you coin even in lower
price,just always put in mind that dump is followed by pumps vise
Versa,PATIENCE and Balls is what you need to survive this community
Obviously when the bitcoin is higher. Don't hesitate to withdraw when the bitcoin is getting lower, it is part to the marketing when it is getting lower. Just hold when the bitcoin is higher and buy bitcoin if it is getting lower. This is the chance to make better and higher profit to make sure of it, you need to sacrifice your guts and don't be scared to be a pro in trading. There is no reason to give up your money from bitcoin because the demand is always getting higher. We cannot say when bitcoin will shut down but for now let us enjoy and have profits in buying bitcoin.
Here I will say my opinion only. I myself choose to save and wait for several years. That's because that's when the price of Bitcoin will increase to 10-fold even more. When will I sell? The answer is: I will not sell. I will not sell until I have enough money, and the price of Bitcoin is very high and enough to realize all my dreams. My dreams are many: buy a house, manage a website, Ethereum mining or other cryptocurrency, buy a gaming computer, and make my family life prosperous. That's when I'll sell my Bitcoin. I hope Bitcoin price will increase drastically in the future.
Obviously when the bitcoin is higher. Don't hesitate to withdraw when the bitcoin is getting lower, it is part to the marketing when it is getting lower. Just hold when the bitcoin is higher and buy bitcoin if it is getting lower. This is the chance to make better and higher profit to make sure of it, you need to sacrifice your guts and don't be scared to be a pro in trading. There is no reason to give up your money from bitcoin because the demand is always getting higher. We cannot say when bitcoin will shut down but for now let us enjoy and have profits in buying bitcoin.
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.
Please help me with your advice /opinion.
Whenever you need it you can always cash out. But the most right time for me of course is when the value rises because you dont want to cut off your loss not unless you really needed that money that particular time ao ypu really need to cashed it out even if the value is going to fall. Just do not panic whenever the price go down because qe all know bitcpina they always goes up so we just need to qait a few weeks before we cash out.
The own needs overshadow, and of course no regrets ever about trading decisions. "Stick to the plan!"
Cut loss orders by the way are best bussiness practices in trading.
Time continues, life ends some day. What's so glorious about holding bitcoins for the Ferryman? Wake up!
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