Cashing out is a personal decision for anyone, similar to you, I cash out when I need money to attend to some needs. But you can as well cash out when you're comfortable with your profits, or if you forsee any upcoming dip, you cash out and buy back during the dip. Everyone has different times for cashing out.
yes there is no desire counsel that you are might to know here cause having this kind of decision are always by your own and not depending on others yes it is hard to have that kind of decision but we all know that this is personally you can have a lot of choices but always remember we all have different needs.
Topic: What is your advice: When should I cash out? - page 5. (Read 2732 times)
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.
really you just take or do bitcoin to cash when you're in need of money, if not then store the bitcoin you have for good and grow the bitcoin you have by playing altcoin.
Like everybody i only cash out also whenever i need money too spare. But if it reach the price that i want i sell. But when the coins get lower and lower i tried to buy some back again.
You should withdraw money when the market is in a downward trend. You may notice this soon if you constantly update the chart of the altcoin market, often reduced due to very bad news or bitcoin increase too Strong, capital flows from the altcoin market are concentrated on bitcoin. Always focus on the market to help you make the right decisions.
for me the best time to cash out is when the value of bitcoin is high...be patient to wait for it because though bitcoin's value goes down it never happened that it is permanent already
This I think is the main problem of many traders as the time for cashing out is not predictable and usually leads to confusions. But my strategy is to cash out when I have earned at least 2x from my investment.
Nobody can say when is a right time to sell, what if its fall 10% but jumps up 80%. So selling is totally a traders call based on his personal understanding and satisfaction. I also sell when its like over 80% upon my capital invested. But I do prefer to wait to cross it more unless I find its getting risky or not worth in the future.
But my strategy is to cash out when I have earned at least 2x from my investment.
Generally, that's a fair way of locking in profits, but it's tricky when it comes to Bitcoin. If we calculate from the example of you buying at $1000 earlier this year, and sell at the moment you made 2x in profits, you would have missed out tremendously on further growth. In some cases, where the example is also one of, it helps to just secure a tiny percentage of your profits. If you have sold all at once, there was no way for you to benefit from the price moving up higher. But if you just cashed out a small fraction, you would still be able too book fantastic profits while the price was marching to the $10k level, and later even to the $20k level. Every situation needs a different approach.
This I think is the main problem of many traders as the time for cashing out is not predictable and usually leads to confusions. But my strategy is to cash out when I have earned at least 2x from my investment.
Nobody can say when is a right time to sell, what if its fall 10% but jumps up 80%. So selling is totally a traders call based on his personal understanding and satisfaction. I also sell when its like over 80% upon my capital invested. But I do prefer to wait to cross it more unless I find its getting risky or not worth in the future.
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.
As l've saw to my brother it is good to cash out when price is increase. My brother use to monitor the price often, because that's the way he earn a bigger amount. Monitoring price is important because price increase in just a seconds or in just a minute. Also if he is trading he used to hold that coin first and wait for the right price for him. So I think before you cash out its better to trace if your coin has the potential to get higher. Then sell it when you meet the price is right for you.
This I think is the main problem of many traders as the time for cashing out is not predictable and usually leads to confusions. But my strategy is to cash out when I have earned at least 2x from my investment.
I agree about cashing out during parabolic moves or short-term spikes. However, try to cash out gradually or in waves to make sure you ride at least most of the upmove.
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.
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.
If you will need money better to cash out some of them but if you'll see that the price is continuously rising better to hold until you gain much profit 
then if you'll see that bitcoin is continuously dropping its value you should decide whether to buy altcoins, hold or cashouts.
Eventually bitcoin is going to reach a huge price that most of use is not going to believe so when cashing out make sure to only cash out what you need, otherwise the consequences in the future for you are going to be terrible as you watch the price of bitcoin climbing higher and you have not stored any, I know that if that happened to me I will be enraged by my lack of future orientation. then if you'll see that bitcoin is continuously dropping its value you should decide whether to buy altcoins, hold or cashouts.
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.
Cash out when you need it to buy something offline. If not i suggest to hold or trading with that money. Buy altcoin if the bitcoin price high and sell altcoin if its higher. I think you know more than me.
No one know for sure when will be the time to cash out, for me as long as I think I earn enough profit then I will startto cash out, but if you are already a good and experience trader you can analyse it better to get the maximum result, by the chart and the market trend you can know when is the right time to exit
cash out only when you already reach the target, trading really need a lot of patience
and also when you need the money, that was the excellent time to sell and cashout.
Enjoy your profit, most people didn't shop with their bitcoin so they've just satisfied with all their bitcoin on their wallet. to me, it will make me lazy to gain another profit on bitcoin when you see a big amount of bitcoin on the wallet
Cash out when necessary when it is for emergency reason or what, don't let your sensitive emotion decide for you, be smart enough to do wise thing, if you are still struggling on it, pray that you could have a right decision in anything that you are doing in your life especially here in cryptocurrency where in it can change our life.and also when you need the money, that was the excellent time to sell and cashout.
Enjoy your profit, most people didn't shop with their bitcoin so they've just satisfied with all their bitcoin on their wallet. to me, it will make me lazy to gain another profit on bitcoin when you see a big amount of bitcoin on the wallet
The answer is personal every time because it depends on your needs and situation. There is no exact answer for an exit plan from bitcoin or other cryptocurrencies. The best, you will decide on your own when to exit and cash out.
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.
If need a money just trade exact amount for your needa cause the price is totally low. It will rise and rise again and if you think it is the right price trade it and hold it to the bitcoin. Bitcoin now is really great investment or trading in just days your savings make a big profit.
And first of all, if you have another source of income use that in your needs and back the borrow money if the price is good.
It is always a good plan to cashout when there is a rise in their prices and get your profit, but for me, it is more better to cashout when you need to do something with the money, not because it rised/falls.
cash out only when you already reach the target, trading really need a lot of patience
and also when you need the money, that was the excellent time to sell and cashout.
Enjoy your profit, most people didn't shop with their bitcoin so they've just satisfied with all their bitcoin on their wallet. to me, it will make me lazy to gain another profit on bitcoin when you see a big amount of bitcoin on the wallet
Cash out when necessary when it is for emergency reason or what, don't let your sensitive emotion decide for you, be smart enough to do wise thing, if you are still struggling on it, pray that you could have a right decision in anything that you are doing in your life especially here in cryptocurrency where in it can change our life. and also when you need the money, that was the excellent time to sell and cashout.
Enjoy your profit, most people didn't shop with their bitcoin so they've just satisfied with all their bitcoin on their wallet. to me, it will make me lazy to gain another profit on bitcoin when you see a big amount of bitcoin on the wallet
cash out only when you already reach the target, trading really need a lot of patience
and also when you need the money, that was the excellent time to sell and cashout.
Enjoy your profit, most people didn't shop with their bitcoin so they've just satisfied with all their bitcoin on their wallet. to me, it will make me lazy to gain another profit on bitcoin when you see a big amount of bitcoin on the wallet
and also when you need the money, that was the excellent time to sell and cashout.
Enjoy your profit, most people didn't shop with their bitcoin so they've just satisfied with all their bitcoin on their wallet. to me, it will make me lazy to gain another profit on bitcoin when you see a big amount of bitcoin on the wallet
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