It's very simple, if you need to get a fiat money. Then you sell bitcoins. You can use the service localbitcoin or just use special ATMs, well, if you have them of course. Well, if you just need to fix your deposit, then it's better to use USDT
Practically, ill convert my cryptocoins when the price is right and secondly when i need cash money for another investment and other needs. 
Topic: When/How do you cash out? If ever? - page 3. (Read 603 times)
I will cash out if i feel that my tokens at hand will not give me that high profit even in long run. I will base it on the outcome of their presale. But if tokens in presale were all sold out, then i'm gonna have a second thought about it. Maybe keep it for sometime to earn as much as they've initially offering.
It's very simple, if you need to get a fiat money. Then you sell bitcoins. You can use the service localbitcoin or just use special ATMs, well, if you have them of course. Well, if you just need to fix your deposit, then it's better to use USDT
Obviously, it's when you take profit when you cash out. Since the market is very volatile. We cannot easily when it will gets pump or when it will gets dump. Not every time you needs money, your token that you wanna sell is in good price. So I personally advice you that when your holdings takes profit, better sell it before it gets dump.
I prefer to cash out by advanced cash USD or EUR (majority exchange 0% fee). Also plastic card connected to your BTC wallet sometimes (Wirex preferable for me). Payoneer is more expensive to make transactions, and in Russia ,as i know, its around 13% for cash out by Qiwi...
While I do not have an acute need for money - I do not withdraw my income. Perhaps, if the market shows some crazy incomes - I will withdraw a couple of percent on the trip. So far this is only an investment for the future. I want to withdraw the income from the cryptocurrency on the bank card.
Usually, I invest in a long time in order to gain good interests, so I bring out immediately after I sell my coins, because it’s not worth it to keep them long in your wallet
I am cash out'ing my money I use Abra app here in the Philippines.
or CoinsPH . I convert my Eth to BTC and send it to my coinsPH and with that I can convert my BTC to PHP our local money or fiat
. as of fees if the price of bitcoin is above 13k USD the fees is so high but as of now as bitcoin sitting on 8k USD the fees is not that much big
I usually converting when price was high ofcourse for much more better bigger numbers hehe
or CoinsPH . I convert my Eth to BTC and send it to my coinsPH and with that I can convert my BTC to PHP our local money or fiat
. as of fees if the price of bitcoin is above 13k USD the fees is so high but as of now as bitcoin sitting on 8k USD the fees is not that much big
I usually converting when price was high ofcourse for much more better bigger numbers hehe
Actually crypto is a good past time for me and i save my money here at the same time i also can save my money in bank here in our country because i can earn here.Crypto also are knowledge and way to earn like job so this is everything i think we can call this as a life because of it's value in the future this is going so well i'm sure about it because this is what we need or we need this in life.
In my country, the interest rates are about 0.50% to 1.00% so there's no point putting savings in our banks!
I try not to keep money for a long time, but to take it to the card. In general, it is better to plan the withdrawal of funds in order to lose less on the fees
I prefer to set goal if i buy some coin, lets say x5-x10 then i will sell and cashout, ye sometimes i can wait like year but its ok , its my style of investing.
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.
I cash out all my bitcoin and sell it into fiat and buy another day, if i found out that the statistic data of all cryptocurrency is continue to drop down,and all this chaos happen in the virtual currency will not be resolve,but this only my second option if ever,bitcoin could not recover,this kind of approbation in the crypto world,but i never lost hope,that maybe this next month bitcoin will back to its normal process and its will pump again in the market.
When you are in good profit - you don't care much about fees)
you need money - you withdraw. I'm using exchangers.
Right now it's good to buy, not to sell)
you need money - you withdraw. I'm using exchangers.
Right now it's good to buy, not to sell)
I think cashout need to be done like once in year, before christmas or something like that, all other time money should work and bring us more profit.
When I make a big profit I don't cash my money out. I just buy another coin with it.
just invest !
just invest !
I panically fear to leave something on my wallet and immediately withdraw all funds, most likely due to the fact that I'm not sure of reliability and there is always a risk of getting on a phishing link ..
Then why did you invest in cryptocurrencies? It is definately not for the weak hearted people. If you are a newbie (I hope you are not) then learn how the coins work and how to store them in an hardware wallet or any kind of cold storage. This is better option because your funds are atleast secured from the hackers. I panically fear to leave something on my wallet and immediately withdraw all funds, most likely due to the fact that I'm not sure of reliability and there is always a risk of getting on a phishing link ..
You mean you sold for EUR/USD? At that low prices?
I panically fear to leave something on my wallet and immediately withdraw all funds, most likely due to the fact that I'm not sure of reliability and there is always a risk of getting on a phishing link ..
If and when you cover original investments.
But I think re-investing is a better option than cashing out in most cases.
But I think re-investing is a better option than cashing out in most cases.
Using a simple buy-sell method, I'm guided by my own observations, and before I invest, I observe the volatility of the coin in order to understand when to cash out
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