Topic: When/How do you cash out? If ever? (Read 623 times)
I cash out money when I need it. this is very rare. I try not to touch investments.
Personally, i cash out whenever i need money. Although, if i want to sell, i do not just sell anything. I sell from the altcoin that is already in profit and i will not sell all, but part of it.
There are times i also cash out in order to save for any emergency. Thee times i might need money urgently, so i cash out in order to to sell and be at loss.
There are times i also cash out in order to save for any emergency. Thee times i might need money urgently, so i cash out in order to to sell and be at loss.
Is it once you make a certain % profit? Or is it if you need the money? How do you feel about the fees? So on.
After the continuous and unexpected surprises that the price of bitcoin gives us frequently, I have learned that I should not be overconfident when deciding what to do with my bitcoin holdings, since it has been demonstrated that in the path that will take the bitcoin price to be worth a million dollars, there will be endless pumps/dumps and corrections that will make it especially beneficial to trade with our bitcoins, or at least schedule eventual cash outs. In my case I am exchanging some portion of my bitcoins for fiat after a very sharp rise to wait for a big correction and buy back.
I'm going to withdraw money if there is an urgent need for them. Or else after a rapid take-off - after all, in this case, the correction will always go down.
I plan to withdraw money only if they are needed in my life. Only then I plan to sell bitcoins, but this is unlikely to happen in the coming years.
I have a complete investment plan that will not easily use the money I invest in the coin. I will only use the money I get from my monthly work to encrypt some of the money. It is necessary to prepare some daily cash at any time.
I will be in the market and when the price allows me to spend some of my coins, but if only I needed the money
Is it once you make a certain % profit? Or is it if you need the money? How do you feel about the fees? So on.
usually, I only do withdrawal only when it is in need of money only, or if it had time when the price of BTC or some altcoin is going up, but also it is not often, because actually HOLD for long-investment is better
I am a long term holder, I haven’t cash out yet but I will cash out if I need the money. You can cash out the same way as you buy your Bitcoin. Coinbase and localbitcoin are two good options.
Good way is to take profit every month for example 1st in month and make yourself a statistic how succesfull trader are you. Don't forget to cash out every once in a while cause what counts is money on your bank account not in crypto.
I think it is too early to think about how to cash out your crypto investment since the market is not that great right now. I think you should cash out when the price is bullish and buy when the price is bearish, at least, it is how I make money from trading. You can try contacting an OTC buyer and sell your bitcoin to them if you want to cash out a large amount of money or send to your bank account if lower than 10k USD.
Is it once you make a certain % profit? Or is it if you need the money? How do you feel about the fees? So on.
of course depending on each condition, not all will be simultaneously the same. even more so if you are an investor who tends to hold altcoin in long-term duration. but you can still sell it and exchange for fiat money. and this is a basic knowledge you should know as a person involved in the crypto industry.
I am not going to cash my coin in hurry ! I will wait till my coin will reach at peak level .I will be patience and watch always market conditions and when price will go higher then i will cash out my coins.
If you have spare money on the side for life expenses, cashing out is not a good idea. I support cashing out if crypto is your only source of income, but cashing out for the sake of cashing out will be the decision you will regret. Crypto in general is just warming up..who knows what's gonna happen in a few years..market cap may well be tens of trillions. I have a (big) figure in mind when I will be willing to cash out a tiny portion of my btc and maybe reinvest in some other businesses or real estate, but before that I am not cashing out even 1 satoshi.
I am going to cash out when my coins will make at least ×10 from the price I have bought them.I will be waiting for this moment to become a very rich guy in my village.)))
I cash out when I make 100 percent profit from my investment as that is the goal I have when I come into cryptocurrencies. Also there are times when I might need money to do some things in my everyday life and I liquidate. If I have altcoins, I convert them to bitcoin or ethereum and then send it to coinbase where I sell them for fiat and then transfer the money to my account
I sometimes ell and cash out the altcoins when I really need the big amount of the money for my life. I will sell them but of course by knowing the price and don't sell them panic.
Then, I will also cash out the altcoins when it has reached more than 40% of the profits. Some for selling and some left. Some of the profits to purchase the new altcoins and some for cash out.
Then, I will also cash out the altcoins when it has reached more than 40% of the profits. Some for selling and some left. Some of the profits to purchase the new altcoins and some for cash out.
set the target. separate where for crypto and which to the needs. dilute the value of crypto to the cash never too often except target gains already obtained. If there is an urgent need then use money that is not present in crypto. focus on investment is only for investment only.
I've created a new strategy a few months ago!
I have 2 big holdings,
I have 2 big holdings,
- One in XRP for long term savings which I'm not planning to cash out ever unless a need arises. Except if the equivalent amount in euros reach too high levels in which case I'll trim down my XRP balance in order to keep 50k-75k.
- Another big holding in ARK which I'm constantely increasing through mining and trading. It's an advanced platform with a DPoS utility coin, very good potential and a professional team. At the moment I'm making just 9€/month through staking (or 30€/month if you count the All Time High). This payout could reach high levels while I keep mining other coins and trading them to ARK, high enough to cash it out every month!
I earn a pretty big profit, it depends how your strategy in trading, if you feel confident in the potential token you have you should hold your coin and sell it at the right moment. maybe you can also sell half of the tokens you have. this depends on how you look at it.
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