Cash out during an all time high. If there's massive adoption, then don't cash out. As in, governments and ordinary people are using cryptocurrencies, which it seems like that may be the trend.
1) According to McAfee, he still predicting BTC to be worth $1m by the end of 2020.
2) https://steemit.com/cryptocurrency/@matthewoz101/why-the-cryptocurrency-market-cap-will-explode-in-2018 A ton of top cryptocurrencies listed in my post are launching their mainnets soon and adoption will be expected to increase.
3) If you decide to cash out, do NOT fomo and buy back in at a loss. A pump can't last forever and there will have to be a correction.
Topic: What is your advice: When should I cash out? - page 3. (Read 2732 times)
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.
it's true what you say. better to hold first bitcoin you have if you do not want to regret later. because now it's autumn for all the coins. so better be resisted first and do not disbursed if my suggestion hell
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.
it's true what you say. better to hold first bitcoin you have if you do not want to regret later. because now it's autumn for all the coins. so better be resisted first and do not disbursed if my suggestion hell
well if you want to know the right time to monetize, I mean when the market goes down drastically, you have to learn technical analysis, you can try to find someone who is expert in the analysis, remember there is no harm in spending a little money for knowledge, because with that knowledge you can got more.
sometimes people choose to lose a considerable amount of money in trading, rather than having to spend money for his intelligence.
sometimes people choose to lose a considerable amount of money in trading, rather than having to spend money for his intelligence.
I think it depends on how much profit we want but don't too greedy because we can lose our profit if we are expecting for a big profit and we don't know if the price will stay at that price or getting a decrease in the next minutes. so if we think that it's enough for us to take the profit then we need to sell it before it's too late for us. but if we don't want to take the profit right now and we only want to sell in the next month then we don't have to do anything and only check the price.
It is important that before buying the coin, we already know when to take profit because whatever happens, we know what to do. This is one of the major mistakes of some traders and I am guilty of this too before because I tend to become greedy as I don't know when to take profit so I am always hoping that the price would go up only to see it the next minute drop down in value and then regret why I didn't take profit when the price is high. I still need to get over about the control of emotion as it is what hinders me to think properly. My recommendation would be to take profit from time to time and do not be greedy. Giving advice is a thankless job, but I'm still gonna take the risk. It is necessary to distinguish short-term trading from long-term investment. In the first case, it is really important to understand when you need to close the position. In the second case - either just hold, or buy each month additional coins for a certain amount.
If you are in for the long term investment then a good way be cost averaging so that you will not have a big loss when the price goes down in value. Besides that, the short term price wouldn't matter that much to you as you are positive that you will reap your profits after a few years.
We don't know how much have you invested, because we don't know how to explain when to cash out, but one thing i can say, you need to keep track of your investment and how much profit you made based on that you can cash out. It depends on the individual situation according to his needs and profits.
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.
It depends on us when to cash out our earnings ,if our perceptions that prices has a potential to grow then wait until it pumps up. Nowadays, prices is on dump it has a chances to loss our earnings so for us to be secured and prevents the things better to decide wisely and look for the better. I think it depends on how much profit we want but don't too greedy because we can lose our profit if we are expecting for a big profit and we don't know if the price will stay at that price or getting a decrease in the next minutes. so if we think that it's enough for us to take the profit then we need to sell it before it's too late for us. but if we don't want to take the profit right now and we only want to sell in the next month then we don't have to do anything and only check the price.
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.
It depends on us when to cash out our earnings ,if our perceptions that prices has a potential to grow then wait until it pumps up. Nowadays, prices is on dump it has a chances to loss our earnings so for us to be secured and prevents the things better to decide wisely and look for the better. I think it depends on how much profit we want but don't too greedy because we can lose our profit if we are expecting for a big profit and we don't know if the price will stay at that price or getting a decrease in the next minutes. so if we think that it's enough for us to take the profit then we need to sell it before it's too late for us. but if we don't want to take the profit right now and we only want to sell in the next month then we don't have to do anything and only check the price.
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.
It depends on us when to cash out our earnings ,if our perceptions that prices has a potential to grow then wait until it pumps up. Nowadays, prices is on dump it has a chances to loss our earnings so for us to be secured and prevents the things better to decide wisely and look for the better.
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.
Giving advice is a thankless job, but I'm still gonna take the risk. It is necessary to distinguish short-term trading from long-term investment. In the first case, it is really important to understand when you need to close the position. In the second case - either just hold, or buy each month additional coins for a certain amount.
In terms of cash out the best you can do it in remittance center because it less hassle and its favor to you at all because it have a easily process to be granted than to go in bank that have a lots of process to cash out that thing.
He is asking when to cash out and not where.
Better not think about the price. Just go do it if you have already made a profit from what you invested. Too much thinking will just make you regret it.
I remembered a friend told me something about it.
He asked first "How much did you invest in buying bitcoin?" then "How much it is now?"
With that I am like hammered in the head. Oh Yes! I am already a winner, I can cash out anytime.
In terms of cash out the best you can do it in remittance center because it less hassle and its favor to you at all because it have a easily process to be granted than to go in bank that have a lots of process to cash out that thing.
Don't cash out if the market is falling down because you might regret it because you will be losing the chance to get the profits of that bitcoin in the higher price or rate. I think you should cash out when the price of bitcoin or any crypto that you have is close to its peak so you will not regret selling and once the price goes down again then don't worry to buy some of them.
Cash out when you see 50% - 100% rise on your coins because it will have correction for sure. But it should just be selling and not cashing because to get much, you need to multiply that profit by buying again on that correction and cashing out will just stop your gains.
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 choice of making cashouts is too subjective.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.
Continue to hold and make small cashouts just for necessity.
Instead you can withdraw everything when you are satisfied with the value achieved or if you think that the value can not go up.
You should have cashed out twe days ago. We all should have. But of course these sort of things are known only in hindsight.
The best time to cash out is when you must have made a reasonable amount of profit after your entry, then exit the trade and spot another entry to enter the market again. Greed is actually a vice when it comes to trading, so, always try not to be greedy.
This is like finding a good sell point to exit from your holdings. Everybody must prepare a plan so that they can cash the coins out when the time comes. We can't hold our coins forever, we need real fiat money.
When to get out is up to the owner of the coins/tokens, it also depends on if you trade or if your a long term hodL'er....
Some people do both, have long term positions that they do not touch. And have some cash set aside for some trading...
Some people do both, have long term positions that they do not touch. And have some cash set aside for some trading...
The best time to cash out is when you must have made a reasonable amount of profit after your entry, then exit the trade and spot another entry to enter the market again. Greed is actually a vice when it comes to trading, so, always try not to be greedy.
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