Topic: What is your advice: When should I cash out? - page 11. (Read 2750 times)
It,s all depend on the amount in which you invested,if there have been some profit on your investment it will not be wrong you sell, do not aim at much profit on your investment.
How do you know when to cash out??
Right now the only time I cash out is when I need to money to buy a gift or something.
In my opinion, I think you have it figured out already. You should cash out whenever you need to buy something and hodl the rest. What is the point of knowing that you have some spare cash and not be able to spend it when you really need to?
OP, this is the magical question of all financial markets--when do you sell? And there's no one who can tell you with a straight face exactly when you should, because no one can see the future. If you're in the black right now, which you probably are, then now is probably a great time to take a profit. There's nothing wrong with that, IMO. You could hodl forever, but what happens if the market crashes back down to $3000 overnight? You'd be fucked! And that could happen, because the price right now is absolutely insane in my opinion. It's gone up too high, too fast.
Myself, I bought a nice pair of Bose headphones on Newegg the other day, and bitcoin paid for those. I've got no problem spending some of my btc while the price is up in the nosebleed section. Makes sense, doesn't it?
Myself, I bought a nice pair of Bose headphones on Newegg the other day, and bitcoin paid for those. I've got no problem spending some of my btc while the price is up in the nosebleed section. Makes sense, doesn't it?
If you look at price dynamics recently on bitcoin, you can see that bitcoin has been growing very fast over the past few days and from about 9,000 has reached 17,000 dollars. Yesterday, it was quite a strong decline to $ 15,453, now its rate is 16,112 dollars. That is, it can be assumed that while its some volatility manifests itself, and not a fall in the rate. Therefore, you need to watch him for a while. As soon as bitcoin finds a steady downward trend, then, in my opinion, it is also worth temporarily selling some surpluses for your needs.
I have been investing in a bunch of different coins for a while now, mainly BTC, ETH, LTC, and some other lesser-known coins. I have a lot of different coins in my portfolio to stabilize/reduce risk.
I love the gains that these coins provide. I never panic-sell, and always hodl and buy low. That has been my simple strategy.
However, I have a problem - how do I train myself to know when to cash out?
For instance, last night the BTC price was high (18K), and ETH/LTC price were low.
I could have cashed out then, and invested in ETH/LTC, which are seeing a nice pump now.
How do you know when to cash out??
Right now the only time I cash out is when I need to money to buy a gift or something.
Basically, you can't really know when the time is right. I sold at $11.600, fast forward two days later, the price was at $15.000's. I don't think you can actually train yourself to know when to exchange and withdraw, it's something that all of us have faced many times, just be patient and keep holding for as long as you can resist. I love the gains that these coins provide. I never panic-sell, and always hodl and buy low. That has been my simple strategy.
However, I have a problem - how do I train myself to know when to cash out?
For instance, last night the BTC price was high (18K), and ETH/LTC price were low.
I could have cashed out then, and invested in ETH/LTC, which are seeing a nice pump now.
How do you know when to cash out??
Right now the only time I cash out is when I need to money to buy a gift or something.
be carefull and always try to cash out when price price of bitcoin is high and stable
I am with your recommendation.More fiat could be made in a few months, 2 gifts could be purchased with the amount you'd spend today.
I have been investing in a bunch of different coins for a while now, mainly BTC, ETH, LTC, and some other lesser-known coins. I have a lot of different coins in my portfolio to stabilize/reduce risk.
I love the gains that these coins provide. I never panic-sell, and always hodl and buy low. That has been my simple strategy.
However, I have a problem - how do I train myself to know when to cash out?
For instance, last night the BTC price was high (18K), and ETH/LTC price were low.
I could have cashed out then, and invested in ETH/LTC, which are seeing a nice pump now.
How do you know when to cash out??
Right now the only time I cash out is when I need to money to buy a gift or something.
The the best to time to cash out is anytime. Just make sure that you will at least save some of it and do not cash-out all of your coins. You should always aim for profit and keep you capital inside the platform. The Bitcoin is really hard to predict so you should be tricky to take the advantage. Keep at least 10% of your investments inside of the platform so that, you still have the last card. I love the gains that these coins provide. I never panic-sell, and always hodl and buy low. That has been my simple strategy.
However, I have a problem - how do I train myself to know when to cash out?
For instance, last night the BTC price was high (18K), and ETH/LTC price were low.
I could have cashed out then, and invested in ETH/LTC, which are seeing a nice pump now.
How do you know when to cash out??
Right now the only time I cash out is when I need to money to buy a gift or something.
be carefull and always try to cash out when price price of bitcoin is high and stable
Mostly, you can do a safe cashout when the price change is not different for a week or atleast a day. you can't always try to cashout at a high price that produces risk as transaction cost and waiting time is very high at that time.
I have been investing in a bunch of different coins for a while now, mainly BTC, ETH, LTC, and some other lesser-known coins. I have a lot of different coins in my portfolio to stabilize/reduce risk.
I love the gains that these coins provide. I never panic-sell, and always hodl and buy low. That has been my simple strategy.
However, I have a problem - how do I train myself to know when to cash out?
For instance, last night the BTC price was high (18K), and ETH/LTC price were low.
I could have cashed out then, and invested in ETH/LTC, which are seeing a nice pump now.
How do you know when to cash out??
Right now the only time I cash out is when I need to money to buy a gift or something.
I love the gains that these coins provide. I never panic-sell, and always hodl and buy low. That has been my simple strategy.
However, I have a problem - how do I train myself to know when to cash out?
For instance, last night the BTC price was high (18K), and ETH/LTC price were low.
I could have cashed out then, and invested in ETH/LTC, which are seeing a nice pump now.
How do you know when to cash out??
Right now the only time I cash out is when I need to money to buy a gift or something.
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