What is your advice: When should I cash out? - page 2.

cryptoalfs76

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Quote from: Enjel on December 08, 2017, 02:01:43 PM

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.

Will i thinks the control is upon in your own decision on when is the right time you cash out or change some of your crypto into fiat money as long its necessary ,because in my own strategy i want to focus on how to grow more my investment,so that in the time thats i grow old i have an asset to inherit into the members of my family,therefore,in my own advice its better to focus your investment.

conected

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Quote from: michellee on July 26, 2018, 02:48:55 AM

sometimes, I got this question in my mind and I still find out when the best time to cash out. but then I realize that in the other time when I really need money to buy something in my real life and I don't have any money, I sell some of my coins and exchange it into fiat. and sometimes, for doing this, I need to cut loss my coins even I don't get the profit because I am in urgent situations which I really need money. and if I finished to fill my needs and I still have money, then I will buy another amount which I think the price is at the cheap price so I can buy the same amount like before.

- I think your case is that you have too concentrated your capital into the market, that makes you not have too much cash for emergencies, the consequence is very clear, you are forced to sell your coin in any situation when you need money. And you do not get any profit, you even get a loss, if I were you, I would have a plan and have some cash for those cases where I needed money, not enough, we can borrow from friends, should not touch our assets on exchange, we should only cash out when it has the profit that we desire

Maricurijohn

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If you want to withdraw money today, think again, the market is growing, the sale of pennies now will regret it later. I should continue holding until the end of this year.

futureofeth

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Quote from: dev9t9ok on July 21, 2018, 05:41:01 PM

Every cash out depends on many reasons. First of all you should have a model and understanding what an amount you are going to get. You may also cash out if something goes wrong to cut losses or protect a profit.

Yes, Anything which you make profit on your investment will always help us to make some decent profit. If you didn't make any profit it is completely waste withdrawing them, so it is always good to hold until you make some decent profit.

michellee

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sometimes, I got this question in my mind and I still find out when the best time to cash out. but then I realize that in the other time when I really need money to buy something in my real life and I don't have any money, I sell some of my coins and exchange it into fiat. and sometimes, for doing this, I need to cut loss my coins even I don't get the profit because I am in urgent situations which I really need money. and if I finished to fill my needs and I still have money, then I will buy another amount which I think the price is at the cheap price so I can buy the same amount like before.

Sean25pogi

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Well for me the best that i can advice to you when to cash out is when the last quarter of the year are comes
because it is a great quarter that you can earn a huge amount of income in this business.

zanjerbits

copper member

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I think you should always cash out your money every time btc is pumping, for example last december btc reach 19k$. I cash out a lot of money. Grin

Visteryy

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Quote from: akosipepot on July 21, 2018, 05:22:21 PM

Quote from: NeverSop on May 10, 2018, 03:10:16 AM

When you decide to invest, you have to be risk-takers and long-term investors to make big profits. If you withdraw money now, you will regret it in the near future. The market is heating up. I advise you to wait patiently and continue to keep your money.

Yeah, I agree. Now is probably not the best time to cash out. I'd say wait until it reaches at least 20k or higher and then you can start thinking about it.

There should be a reasonable investment plan to always be active in all the worst situations of this market. I think this is not a good time to withdraw money from this market because it's just a slight increase and your chance will be in the last months of this year. Try to stay calm and follow the market to make the right decision.

dev9t9ok

newbie

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Every cash out depends on many reasons. First of all you should have a model and understanding what an amount you are going to get. You may also cash out if something goes wrong to cut losses or protect a profit.

Fatunad

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Quote from: akosipepot on July 21, 2018, 05:22:21 PM

Quote from: NeverSop on May 10, 2018, 03:10:16 AM

When you decide to invest, you have to be risk-takers and long-term investors to make big profits. If you withdraw money now, you will regret it in the near future. The market is heating up. I advise you to wait patiently and continue to keep your money.

Yeah, I agree. Now is probably not the best time to cash out. I'd say wait until it reaches at least 20k or higher and then you can start thinking about it.

If you are a long time holder then holding up until reaching ATH or new ATH would be good but still taking out profits would depending on how a certain investor would like to do such thing because we are different when it comes to profit targets. Some would like to see profits for a short period of time thats why they do make short or active tradings and some doesnt like to involve or make things complicated and do choose up to hold for long term instead.Profit taking will always depend on your choice on when you do see its worth it.

akosipepot

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Quote from: NeverSop on May 10, 2018, 03:10:16 AM

When you decide to invest, you have to be risk-takers and long-term investors to make big profits. If you withdraw money now, you will regret it in the near future. The market is heating up. I advise you to wait patiently and continue to keep your money.

Yeah, I agree. Now is probably not the best time to cash out. I'd say wait until it reaches at least 20k or higher and then you can start thinking about it.

cacvy3

member

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It depends, are you talking about when you trade? Or when you make some profits on altcoins? the best time to cash out while trading, is just to do it so when you already made some profits, like cashing out $50 or $100 each

weeklyeth

newbie

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The right time to cash out is when the market turn to green and u are near to breakeven prices then it is better to cash out

CCF_news

newbie

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I can tell you how I do. If you do not now need money that you earned in the crypto currency, then do not take them off, but wait until the crypto currency becomes more popular. In the future, you probably will not have to withdraw the crypto currency from your wallet, since you can pay it everywhere. I'm just waiting for this moment.

mjloulie

newbie

Activity: 147

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I think that would depend on the price of your coins in the market. If you think that the value of your coins is reasonable enough and that you already have a good profit out of it, well you can cash it out. It the value is still a 'lil bit low might as well wait for a good value of your coin before you try to cashout.

ace4549

sr. member

Activity: 699

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If I have a chance to make an advice when should you cash out,
I’m gladly to say that wait for the little time that the value of coins or investments are in the high value in the market that can makes you profitable.

Fedrey

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Quote from: HELLOFF on June 16, 2018, 01:06:10 PM

Quote from: MasterNodes.Cash on May 23, 2018, 04:37:17 AM

I haven't cashed out even 1 btc since 2014 when I initially started investing. And I don't plan on cashing out any time soon. We have mass adoption growing, less FUD, better technology, multi billion dollar companies getting involved etc everything we need for price increase as time goes buy. In my opinion cashing out now will make you regret your decision.

First of all we need to help in increasing the demand for the etherium and Bitcoin. Then the market will begin to recover. It is because of the public interest in the crypto currency that the market will rise.

your word looks like a call to invest in crypto currency, and not vice versa. Although in any case today the crypto currency is in the lowest positions and it will be very reckless to cashed out the user of the crypto currency.

HELLOFF

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Quote from: MasterNodes.Cash on May 23, 2018, 04:37:17 AM

I haven't cashed out even 1 btc since 2014 when I initially started investing. And I don't plan on cashing out any time soon. We have mass adoption growing, less FUD, better technology, multi billion dollar companies getting involved etc everything we need for price increase as time goes buy. In my opinion cashing out now will make you regret your decision.

First of all we need to help in increasing the demand for the etherium and Bitcoin. Then the market will begin to recover. It is because of the public interest in the crypto currency that the market will rise.

ace4549

sr. member

Activity: 699

Merit: 438

If I’m going have a chance to advice you, I will suggest to you that cash out before the new year comes because that’s the best opportunity
that you can have for the rest of your life because you will be profitable enough in terms of financial aspects in this business.

MasterNodes.Cash

newbie

Activity: 56

Merit: 0

I haven't cashed out even 1 btc since 2014 when I initially started investing. And I don't plan on cashing out any time soon. We have mass adoption growing, less FUD, better technology, multi billion dollar companies getting involved etc everything we need for price increase as time goes buy. In my opinion cashing out now will make you regret your decision.

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