I ve been thinking that now is the right time to cash out.
Not sure.
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Topic: what is the right time to cash out? - page 7. (Read 3912 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.
It is just painful that most of you do not get to ask questions first before making such decisions and when you have panicked and made the wrong decision finish, you then end up dropping your regrets on the forum.Please help me with your advice /opinion.
Moreover, you are member and you should have spent a lot of time already on this forum to have been able to understand that bitcoin is volatile and if you had follow the trend for a while, you should have noticed this is a normal trend. However, I believe you have learnt your lessons now.
I couldn't agree more, you can turn your mistakes to a valuable lesson! "Buy low, Sell high" is much more complicated than it sounds
Hopefully you have learned now, and have a more proper approach when things gets crazy on the market.
Still nothing is impossible, this rule seems difficult but it can be done with best results if you show some real game to put your best and get maximum out of it.
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.
I think the right time to cash out is only when you need the money. If you are running low on cash while the price of bitcoin is down, you make the withdraw. But if you don't need much cash on you and the price is falling, you should not withdraw money. So, use your bitcoin, money and time according to your needs, not your fear or technical lose or your prediction (even if it's good).
People attach emotions a lot to their investments which is mainly why making some tough decisions is always hard for them since there is no knowledge to help them inform their decision making. Anyone who has been very familiar with the way bitcoin has been fairing from the onset would know that there is no reason to panic and you should only withdraw when you need the cash not as a result of panic. 
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.
This is not your fault everyone in this market is nervous all the time in case of trading. Choose best strategy and withraw only 10 to 20 % capital from your profit to rebuy again on dip. Hold 40% btc, 30% Altcoins and 30% USD. Because people sell alot with panic if thier is bad news.Please help me with your advice /opinion.
You're so scare about Bitcoin mean you have no trust in Bitcoin at all. I know the price of Bitcoin is very volitale but things are going with the posivite way not negative way .
Trust is the major issue of so many and that can only be built in any investment if you understand what you are into, you are well informed and then you believe that no matter what you are going to get the best of it in the long run.Even though, a lot of people came into the scene believing that bitcoin is like a get rich quick Ponzi scheme and you are going to increase your funds later on, which is why they panic when they see something else happening to their funds.
That is clear mistake because you were afraid to losing your bitcoin. Being trading is very risky. why you do not think it's a good opportunity when the value price become low, because you can buy bitcoin at low price then you just have to wait to increase the bitcoin's value price so you can sell it at high value.l, so you can earn some bitcoin.
I must say you have to work on your basics. There must be a lesson in trading courses that are online that you have to digest some factors that will be coming in front of you again and again and you know “dealing with risks” must be on top. You must appreciate and swallow this fact while taking a start in trading. Then I believe you wouldn’t be hesitating while making any trade in your life. 
In the turbulent market like Cryoto, I think you should keep your capital, so if you have more than 10% interest, think about taking profits. I have set goals too high so that I can not sell and then cut off my coin. Get experience for yourself.
You should withdraw when you get enough your target profit or nearly. Discipline is important in trading. Dont greedy
Yes withdraw when already earning profit, and most traders got lose during trading because of panic. Selling when in panic will lose all your money. So it best control the emotions it will help you to analyze the market. 
That is personal for every individual. For some one was few month ago for some is now and other will wait little longer to cash out.
Think that maybe better question is when do we want to cash out, now when price is going up or in few month or years when price start to go down.
Think that maybe better question is when do we want to cash out, now when price is going up or in few month or years when price start to go down.
hmm i see more problem like you feel right now..
loss more because can't patient when trading , as a result more people loss more bitcoin or ethereum
and feel dissapointed.. why other people doing again and again ?
in trading , you can't take fast profit.. 100% can't i'm sure
and as answer your question , right time to cash out is when you can take 30-40% profit and cash out just your profit.. not your capital
loss more because can't patient when trading , as a result more people loss more bitcoin or ethereum
and feel dissapointed.. why other people doing again and again ?
in trading , you can't take fast profit.. 100% can't i'm sure
and as answer your question , right time to cash out is when you can take 30-40% profit and cash out just your profit.. not your capital
You should withdraw when you get enough your target profit or nearly. Discipline is important in trading. Dont greedy
Yes withdraw when already earning profit, and most traders got lose during trading because of panic. Selling when in panic will lose all your money. So it best control the emotions it will help you to analyze the market. 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$.
Please help me with your advice /opinion.
Please help me with your advice /opinion.
Its normal that you have scare because the value of your invesment decrease.
One thing that can tell you is your experience.
Experienced trader normally more calm facing that situation.
You should withdraw when you get enough your target profit or nearly. Discipline is important in trading. Dont greedy
I was so nervous that when bitcoin price dropped to 6000$ 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.
how much do you buy? if you can buy at $5500 then although its down to $6000 then you still have make profit for $500 but if you bought bitcoin at more than $6000 then the only thing that you can do is waiting until the price is increase back but you have another opportunity to buy bitcoin at lower price. i think you don't have to afraid if the price is down because the price will be increase again and nothing you can do except waiting.
I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.
Please help me with your advice /opinion.
When you needed too because if you have a lot of money in your hand why cashed it all iut if you can just hold it for the mean time and let your money grow because bitcoins and all the other cryptos also grow. Me personally I used to cash out when the price is high of course no one wants to cut off theur loss if and only if they really needes the money which is I also encountered that. Because if you really needed the money whatever the price it is you will cash it our not unless you have an extra money. So probably gain more than spend more.
If you already got profit then nothing to be regret, it's not that simple to know the best time to cash out, it need a high deep analysis and lot of experience, and no need to regret to lose money, it's the trading risk, learn more then you will decrease the risk of losing money, but one of the advice if you are holding bitcoin, just hold until you really need the money because bitcoin tend to go up, so no need to worry
I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.
Please help me with your advice /opinion.
I don't think there is a right or wrong time to cashout/sell/dump your bitcoin. It all depends on your panic threshold. This is why most people advice you to invest only what you can afford to lose. When you do this, anytime the price goes against you, you are calm because you can handle any potential loss.
There is no right time to cash out because fortunately bitcoins are continuously increasing and I know it's the right time to hold more than cash out.
But if you really needed the money then cash out when prices are high. But I prefer not cashing it all out.
But if you really needed the money then cash out when prices are high. But I prefer not cashing it all out.
I was so nervous that when bitcoin price dropped to 6000$ 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.
Cashout when the price is the high buy when price low but its trouble to understanding.We need research and trading knowledge for find out when buy or sell and update yourself daily market news or trendPlease help me with your advice /opinion.
What happened is a common mistake for new traders. Its bitcoin. Whenever the price drops, don't think about losses. Think about profit and consider it a good time to buy. Bitcoin has a history of bouncing back really strong after a dip and with how popular and in demand bitcoin is today, a dip will not mean a crash. Its a precursor to another all time high
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