What is your advice: When should I cash out? - page 4.

Silberman

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Quote from: cicciobtc on January 09, 2018, 07:41:19 PM

Quote from: Enjel on December 08, 2017, 03:01:43 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.

the choice of making cashouts is too subjective.
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.

There are some subjective factors, that is correct but at the same time there are some absolute factors as well, all coins are losing a huge amount of money right now and bitcoin is very far away from its all time high so cashing out right now is a huge mistake, the best thing you can do now is to hold and do not sell your coins for a bad price or you may regret that decision later in your life.

sheryl26

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Quote from: Enjel on December 08, 2017, 03:01:43 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.

The very smart move that is actually obvious is cash out your holding if you gained a lot of money like for example you just bought it in a $10k and a week after the coin pumps and now you have $20k so it is much better to cash it oit befote the value drops again just do not be so greedy because i was greedy before and i thought it will still pump but not so i lose a lot of money and time also. But if you really need the money then no matter what price it is you cash it out because you need it it is and emergency and it is okay.

zemb

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The best time to cash out your investments is when the time you had reached you target percentage goals. Don’t ever cash out if your investment is at a loss because it is too stressful. Patiently wait for your investment to gain profit before cashing out.

01asd

full member

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Quote from: TeamUp on January 10, 2018, 01:03:33 AM

There is no "right time" to cashout, because the price of bitcoin is unpredictable. As long as you cash out during its pump then its good enough, even if only increase 10% then its more than good enough. There is always regret, "If only i did not cash out and wait a little longer my money could have been 10x" or "If only I did cash out right away and did not wait any longer my money should have been 10x rather than no 1x only". The key is to control youre emotion and move forward.

Yes, that's very true and I also have the same idea. But if I may suggest, you better never cashout if you do not need money. We all know that the price of Bitcoin is always increasing and therefore our profit is always increasing. If you cashout now, then profit in the future will not get you. But if you really need money, you can cashout anytime when the Bitcoin you saved has given you a profit. Actually it's not just 10%, but when you've got 1% profit, you've got profit. It's just that, all of us would want a lot of profit .. therefore save and invest for as long as you can. If you want to change your life, then invest in several years will do good for you.

Ryanpogi

member

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I advised you, You can cash out if the price of bitcoin is rising and stable it can cash out so you can earn a great deal.

anavir

member

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the best time for me to cash out is when it is in high value..if you see that you already have profit, cash out some and leave some amount just incase it will continue to rise

Blue2012

full member

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Cash out when you already aim your target profit, but leave some money for your saving and i think when you do not need your money or you don't have anything you want to buy don't cash out your money for you to earn more profit.

TeamUp

member

Activity: 70

Merit: 10

There is no "right time" to cashout, because the price of bitcoin is unpredictable. As long as you cash out during its pump then its good enough, even if only increase 10% then its more than good enough. There is always regret, "If only i did not cash out and wait a little longer my money could have been 10x" or "If only I did cash out right away and did not wait any longer my money should have been 10x rather than no 1x only". The key is to control youre emotion and move forward.

pandanaran

full member

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I just rely on speculation, at least we do not lose while waiting for the right time to cash out, but based on information and a little analysis and reading candle and also the experience that will bend you to know a good time is not the right time to cash out.

michellee

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Quote from: mrtryonebiggums on January 09, 2018, 10:09:10 PM

Should cash out either when you need the funds, want the funds, or your coins have done what you wanted them to do. Hard to know what goals you have for yourself and therefore the question is something you should ask yourself. What are you looking for in life? What are you crypto goals? Etc , etc.

this is what I do when I run out of money and fortunately, I can do it with selling my bitcoin. actually, if we can make a note about how much we need to cash out in every month, then we can know when the time we should cash out. I think it depends on you when you want to cash out your coins to money because only you that will know what you want to buy for your daily needs. if you don't need to buy something for your daily needs, then I think you can keep your coins for a long time and once the price increase higher, then it is time for you to cash out the money.

Enjel

member

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Damn. Right now I feel lucky I cashed out on my BTCs at 16-17k to buy alts. Cashed out ETHs yesterday to buy altcoins.

I will be back in BTC when I feel the time is right. Right now there is money to be made elsewhere.

I sold a bunch of LTCs yesterday as well, to buy altcoins. I still have around 20 though, because I couldn't stand to see "0" there. I really like my Litecoins.

mrtryonebiggums

full member

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Revolutionized Rotating Savings & Borrowings

Should cash out either when you need the funds, want the funds, or your coins have done what you wanted them to do. Hard to know what goals you have for yourself and therefore the question is something you should ask yourself. What are you looking for in life? What are you crypto goals? Etc , etc.

cybersofts

copper member

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You are taking your time to study the market very well before making a decision that is the problem you have.

Here is the link to help you learn more about which to invest next: https://coinmarketcap.com/exchanges/volume/24-hour/

cicciobtc

legendary

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Quote from: Enjel on December 08, 2017, 03:01:43 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.

the choice of making cashouts is too subjective.
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.

Rana590

sr. member

Activity: 1750

Merit: 267

Your investment on Eth and Ltc. Both of coin are more stable. Price of these coin is so valuable and rising continuously. Don't cash out if you have no need. Price will be increasing in huge amount in future. So just wait for big amount for your investment. Hope you will be profitable much more than now.

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: Svelto on December 29, 2017, 03:46:53 PM

No one can tell you when to cash out as I don’t think anyone know what is the top. If you are holding for the long term, then cash out when you need to use the money or when the price level reaches your target.

If you intend to trade for short term, you can set a profit margin target to cash out whenever you make certain percentage. In this way, you lost out of BTC is bullish.

Exactly each person needs to decide for himself when to cash out, there were people that cashed out their bitcoin when bitcoin was 10 dollars while there is no doubt that most of them are lamenting that at the same time they thought it as the correct time to do so, so if you think that cashing out right now is a good option for you then do it, just do not regret it later if bitcoin reaches a new all time high.

spring07

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0x5A165891De2a2c8B82c7De19486277e0d5b644DF

Everyone likes to make profit in any given trade. For me once you are able to eliminate the greed element you are good.
Cash out whenever you have made a considerable amount of profits.

djgtr

sr. member

Activity: 951

Merit: 250

Quote from: Xising on January 03, 2018, 08:26:25 AM

There is no telling what the future holds for bitcoin because of its volatility. As for me, the only time I sell is when I have a need for it, Kind of like an emergency fund that I can use at my disposal. A lot of people speculate the value would triple in 2018. I don’t have a need to sell; hence I will just hold and see if the surge will occur. I wouldn’t want to miss it out anyway.

I think cash out should be done during a high price that is already profitable enoughf to gain a bog huge amount of return from trading.Maybe we need to make a right decision into thus kind of profiting aspects because we need to have a update everyday on the correspondin price to avoid doing a wrong moves or maybe wrong decision.

Xising

sr. member

Activity: 910

Merit: 257

There is no telling what the future holds for bitcoin because of its volatility. As for me, the only time I sell is when I have a need for it, Kind of like an emergency fund that I can use at my disposal. A lot of people speculate the value would triple in 2018. I don’t have a need to sell; hence I will just hold and see if the surge will occur. I wouldn’t want to miss it out anyway.

mysterecryptoooo

jr. member

Activity: 238

Merit: 1

You can always cash out when the price is high because the market is kinda bullish, after each pump, there s a dump. You have to keep that in mind in order to make profit

Topic: What is your advice: When should I cash out? - page 4. (Read 2732 times)