Bitcoin Forum

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 adhere to a simple strategy - I deduce such a quantity of money in Fiat, which does not exceed the profitability of coins

Is it worth it in your experience? All thing considered. Fees, etc.

I set the target at the time i bought the coin/token, so when it reach the target price i will sell half of it and keep the rest until i am satisfied with the price. You should invest the money you can afford to lose and you should save your money every month so when you need money you have savings account that you can use, not your investment. The fee is not high, i considered it small so it's not a problem.

My plan is to hold for at least 10 years. That's why this dip is nothing to me, it's just a passing phase. I am planning to cash out when I have at least $1.000.000 profit. Then I am going to diversify my portofolio, meaning I will no longer go all in for crypto.

I think that's a pretty good and a safe approach.

A lot of people get too invested and hold for crazy long amount of time usually.

I wouldn't really feel right cashing out in crypto at any point in less I was in fear of the internet going down for a long period of time. Other than that scenario, I will be holding until I die, only cashing out a little bit, and as I do I will add other tokens and coins to my portfolio to always keep it growing.

Only if I'm in rush or emergency state.
For example : with current btc value , I better to keep hold it as long as possible since I'm in loss state ( I'm also holding BCH and BTG as well )
Using local exchange that I have trust over 1 year so everything went smooth !

It would be better to have a plan when you start trading cryptos.
Supposing you are successful and you have profits, you could exchange a percentage of them for fiat, or for buying other coins or tokens.
Stick to the plan and don't postpone doing it. Another much better option would be to start using them for shopping and for your bills.
Cryptos are made to use them as currency and to free us from the banksters and not for making more fiat.

Is this a problem? Now a lot of different projects on the withdrawal and deposit of funds, of course, in small amounts, as for large amounts, then probably there is no need to rush to this, because it can be very, very dangerous.

For me cashing out regularly helps me to my daily needs,im doing full time trading and a bounty hunter,every month i managed to cashout 10% of my earnings to be spent to my daily needs,food,internet,electricity, if do you mean how will i stop for good? no i wont do that because cryptocurrency market is much profitable than any market.

Few of the mates in this thread has really answer a positive answers. Which means setting up the target for long term, passing this current phase is good for positive vibes.
One can be kept for long term with huge patience and Rest can be used for regular trading which fulfill your pocket .
Plan and strategy is always an important section in trading business.
Keep it up and keep helping others.
Cheers

If you need money, don't hesitate to cash it.

Because you can't use bitcoin to replace fiat money, at least not now. When is a good time to sell? When everyone is in high spirits, you should consider selling. ;D

It depends on the strategy that you use for trading crypto. There is my vision of it. If you prefer longterm investments you must select a date after which you will sell coins and withdraw your profit into fiat money. If you use shorting method, you must cash out your profit every day/few days.

I mostly cash in (LoL), but I cash out a small amount every now and then, to pay for emergent needs of my real life. I promised myself I'll never cash out big time unless I can pay for something important (like a car or a house) with it in future. :)

I only convert alts into fiat if I gain profit from it or if there is an emergency that I needed some money because I love holding alts to gain much larger profit. Hold the coins wait for it's ATH when selling so you can maximize your profit from investing on alts.

I have not experienced cash out. If I can give me the chance to get tokens or stakes, maybe I will gather it for me.

We all know that saving money is so hard specially when you need to pay your bills ( electric bill etc.), buy your monthly food and etc.. So you need to have a plan in spending your money. Investing to different altcoin is a good idea that you can gain profit. When it comes to cash out, don't cash as a full save the half of your money then convert it as a coin so that when the value of altcoin is going high your money is going bigger too. That's the strategy in saving your money.  

I'm cashouting then market is at high for long time like for week or two then im making like 20% of my investments to fiat, also if market is down like 30-50% then im rebuying like 20-50%, you always need to move your money.

I will only withdraw when I need money, I believe when I make more investments, the greater our chances to make a profit. I am a man who is brave enough to take risks, I feel that when I can dare to take risks then I can have a chance to make a profit, without the courage then we will not get a chance. Believe that everything we do will definitely have results.

At the end of Christmas time is the best moment to get out.

Personally, I occasionally fix the profit and bring it all to the fiat. I do it all through exchangers or sell them to people for cash.

I do both selling on a certain profit or if I need money because selling at rising time will be the best way to earn more profit than selling it at downtrend and selling in times of needs is a solution to get out of problems in life. Today's fee is expensive but can not do anything with it.

I usually cashout when price is going to rise like crazy. This is my luck. And when i dont cashout than price is going down.
This is totally a losing for me. so i decided to not cashout.

I cash out when the most people are just buying blind and they are euphoric like hell... But I never cash out all, I just take some profit to pay my taxes and some bills in the next couple of months.

It depends on your greediness,in my average daily trades i can make 10-15% of my portfolio that gives me 300-450% per month,so if i achieve 10% in every trade i would be happy,cashing out when you need a money is good,but spending money in your needs would be much better.

Wow, you are a real fan of cryptocurrency! As for me I am not sure 10 years of waiting will give some good results. Trading is the activity that can bring more profit and much fun as well. Do not sit idle! Just let your coins work!

10 years of waiting is a very long time
You should not forget that there are so much hackers on the internet.
If you hold your coin for that long, i dont think you would be able to get it back once it gets hacked

ooow it is really hard question.. I can say after 5x but probably I can not cash out when my portfolio make 5x :)

as this current market situation, i didnt get any good percentage of profits but loses for almost a month. because all coins are in hard drop. i set a certain date that if the drops goes more further, i may cash it out, all of my assets and switch to another investment program out of crypto currency, then when the markets gets recover again i will switch back in crypto again.

If I get enough profit, please note that it is enough profit! At this time I will consider withdrawing the principal first and then selling the shares in stages and by stages. Of course, I suggest that you always hold a certain amount of coins for a long time, or you may regret it sometimes, such as XZC.

A friend of mine been to Canada and told me they have a special bancomas for cryptocurrency. That's a dream.  :)

I try to deduce a certain percentage of my personal needs and wants on a monthly basis, with the commission, of course, is very bad, but there is no other way out.

I cash my money only when I get a good profit. For urgent purchases, I have a small amount of money so that I do not panic.   

Well i am cash out bitcoincash ,less stress than bitcoin.Cryptopia fee is lower then other bcc.

You can during this time even lose the money that was invested. In my opinion, it's stupid to hope for such a profit.

Yes, I determine % profit, when it meets requirements, I sell. My strategy is to divide the capital by a particular type and complete it.

i cash out when i think this it the right time to sell them,
even if i need money, i won't sell them until the price is already reach my expectation.

I had never cashed out. I am in crypto for just a year, and I dont sell many coins - because I dont feel I am understanding when is the perfect time to sell. I think many cryptos have a really huge potential to sell them now, so Im in hold

Profit management is very key in this space, you need to learn when to lock in your profit, especially when we have market growth like the recent price rally, concerning the fee, I care less since this is fixed in most exchanges as long as I have made profit from my trade

after reciveing the alt coin we will not sell immidiatly we will wait for some time till the value get increase after that we will exchange the altcoins with the bitcoin and after that it will be eligible to convert as a cash

I like this approach too. It's also what people who are in the stock market advice to newbies. Having a target price, say 2x, ensures you have locked in a certain amount of profit. Allocate half of your tokens for that. Cash out when you reach the target price. The remaining coins or tokens, you can play or hold longer.

I would set a percentage every six months or so that you wish to cash out and stick to that plan. Weather that be 10% or 50% , whatever you feel comfortable with.

Cash out has to be part of your strategy as a trader. I did this very, very early on when I cashed out all the Bitcoin I ever used to trade for alts, and left back the profits to continously trade in alts. So I know that if one day I ever lose all my coins' value, I will actually have never spent anything else other than time.

But early this year, I made new BTC purchases for alts (and those are now in red) so but again, as soon as markets recover, I will sell off enough to cash out all the Bitcoin I put in.

Of course, if Bitcoin itself dies, then whatever I invest and still continue to (buying more BTC with fiat) will be gone. That one, I do not have a cash out strategy for, since I consider every dollar I put into BTC as a more or less lifetime investment.

Of course everyone will cash out when need money and have got a profit and a definite when the price is suitable. Bitcoin and altcoin are like savings, we will use them when needed. I think bitcoin and altcoin are created for us to earn money the easy way, so any bitcoin user will think that the money they invest and they hold, in future will increase in number and can be used at any time when they need it.

You cash out some profits so you have money on the side to buy when things get into a good price to buy more.

I have two different strategies while trading.

A) The strategy I use when trading stocks: I buy the stocks I like (entry strategy is a whole other matter) and after they've made a good run (usualy more than a month) I start selling on small quantities in every spike up. The next time there is a decent correction (for US stock market, that's about 5% - 10% depending on the stock) I buy back again for every X$ the stock would fall. For example I've sold Nvidia once at 200 and 210 levels, then I bought at 175, 165 and I think 155 or something. Then it went where it's now :P

B) The above works fine when you invest in stocks that are doing really well. But if you want to get a bit more greedy, since we're in the boom of blockchain technology... play it risky and HODL!
If you deversify between different coins and pick only those that promise to solve real world isseus, making our world better, you're most likely going to profit the most by holding for the whole 2018.

My coins of choice are XRP, ARK and ETN. ETH is also good but I don't know how I feel about it at those price levels.

Today I'm only investing. Every month, I invest in CRYPTO 20% of my income. I do not need to transfer money to FIAT. I'm prone to this rule.
I have long been distributing income in this way:
50% - monthly expenses.
20% - investment
10% - rest
10% - education (I spend as necessary)
10% donation (help to relatives)

I will never do that because it is our future and some day I dont need to cash out  so I wont never cash out complately.

It is very important to cash out at the right time. The value of the coins you have in a day can be cut in half.
You can wait for months to return at the same prices. This is why it is difficult but a very important choice when to exit :)

Why to Nitcoin and only than to cash?
I'm going to hold some % of my investments a long time, maybe a year, some % immediately invest in ICOs or exchange to $. I have ethereum, so not so high fees

Initially i was taking profit for 2x or 3x gain after some time i found the original crypto strategy HODL now i am holding my assets . not selling anymore keeping that to create fortune for me otherwise it should be nothing . Now i am handling most of transaction and withdrawal using ether .

It's actually becoming a bit difficult to withdraw, need to find a trustworthy exchange that allows no-fuss fiat withdrawal.

The fee for transferring crypto currency to Fiat varies from country to country. Therefore, it is necessary to talk about tariffs for translation in the context of a specific country.

I did cash out when I made big profit etc I trade 20 eth and if I make 24 eth for a day I spend 1 ethereum.nowadays,when market going bad I never sold anything

I have already made a strategy to withdraw 10% of crypt into fiat and then invest that fiat into metals when i reach a certain percentage. Its always good to diversify your portfolio.

how did you dedice your money in fiat can u teach me how cause its very interesting so im looking forward for your help and i wish you have a good day thanks

It is important to set a target when u are investing or trading. This target will be different for investors and traders.

I am a investor and I am buying for long term. Each month I will evaluate my portfolio and those altcoins that I think have reach their potential, I
will sell and then reinvest into my "base". My base is eth and neo. So these 2 are my safe haven. I move all profits into them.

When Eth reaches 2000, I will sell half of it and take the profits to reinvest into my dividend paying stocks portfolio. This is for my retirement portfolio.

When Neo reaches 400, i will sell half and wait for NEO to reach 1000 to sell the remaining half. Add to retirement portfolio.

And along the way, I am doing small trading and accumulating all profits to my base.

Each of us will have a target and we should be discipline in adhering to them

Has anyone tried transferring crypto to paypal? Is it worth it?

Usually I cash out when I badly needed any amount of money but if not, then I let on my wallet and let the price increase first. Usually I set a target amounr of price for the coins to reached before I cash it out, the set amount is based on the movement of the coins price on the past weeks or months.

I've personally have an ambitious goal, if/when reached I will cashed out half. I personally believe in the long term prospect of cryptocurrencies so I will not sell everything  :)

You're probably doing it wrong if you cash out tbh. ;D

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

If and when you cover original investments.

But I think re-investing is a better option than cashing out in most cases.

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?

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.

When I make a big profit I don't cash my money out. I just buy another coin with it.
just invest !

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 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)

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.

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.

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

In my country, the interest rates are about 0.50% to 1.00% so there's no point putting savings in our banks!

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

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

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.

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...

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.

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

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.

Practically, ill convert my cryptocoins when the price is right and secondly when i need cash money for another investment and other needs.

I remember after Christmas, I decided to cash out one of my assets because I have debts to pay. It was the best decision I have for me to fully pay them and will reduce my headache in thinking how to repay them back.

My second cashout was last Friday, but it's not that much. I classify those tokens that I'm bullish on (ETN, TIO, TRX, YOLO and LYL) that will #HODL them for a long while, and will cash out some short and mid-term assets when the right time comes for them to surge as BTC soars high later on.

At certain profit to grow my investments even more and I do not do panic selling. Or in times of emergency or in really need of money. Transaction fees now are huge and it should be reduced but we can't do anything.

Most likely we are talking about tokens with bounty. If so, then this strategy is not the worst, a lot of people immediately sell the tokens received.

Probably when i already reach the point that i cannot trade anymore because i am too old?or i cant see or use a computer.This is how i changed my life being a trader is a big opportunity because it can literally gives you a million dollar in an instant.I have my own goals,to help the people who needs help to give the needs of my family and to secure their future.

I plan to cash out money not earlier than in two years. The reason is that during this time I think that many countries will adopt the crypto currency and this will have a good effect on their price.

Not yet. Just hold for a few month or more. I'm here not for little profit. Hope and believe crypto will grow further. Its really amazing to be a part of this society. If I suddenly need money, sell no more than 50 % of each coin.

Fees wont be that much of a problem,the problem will be if you have millions of dollars in your portfolio how would you safely cash it out? the internal revenue would put so much tax on it im sure,so the best thing to do is to sell your bitcoins to those people who are willing to give cash in exchange with your bitcoins so that taxes would be avoided.

When considering this decision, make sure your portfolio is well diversified and not lopsided in any one investment.  Buy low and sell high  ;).

Check out the ICO for RLCoin, an enterprise solution for loyalty: www.rlcoin.io.  The product has existing traction with 250 clients and partners in Europe and Asia.

I go out in small part when I need money. to the high commission has already got used\ i have to pay 5-8%

Cash out to the next moon ride. Usually the market crashes when it reaches certain milestones. Like 1 Trillion USD market cap.
We had the previous crash because people lost their patience so the crash happened at 800-900 billion USD.

You would never do anything just because you need money right away! You need to think twice before doing anything in the market, because you can regret huge afterwards. About the fees they are normal, i can say even small for your earning, so they should not be your problem. About the cash out, make your own decision based on something you heard about the ICO or the Market at all. And never, never cash out everything, leave 5-10% in there, just for case something huge happen, next Facebook, Amazon or something else for instance.  ;)

I think Bitcoin is always going to buy because I think Bitcoin is an unfamiliar currency, so I think Bitcoin will gain a value of $ 15,000 recently, so I do not have to waste time thinking about investing so I recommend you to make your investments early so how late can you be earnings will decrease because I think Bitcoin will not fall into this kind of value of $ 5,000- $ 10,000 after 1-2 years.

All your crypto assets worth nothing until you can spend them. So I think it's necessary to cash out an fix your profit at least once a month, at least until you can use then directly to buy anything you need. Otherwise all your savings are just virtual.

I am planning to cash out if my token or if I gathered token with the value of $200 from MEW to Blockchainfolio to coins.ph since it's our local wallet that can be withdrawn with an affiliated outlet. Fees during withdrawal are only natural so don't be bother too much with it.

I prefer to invest in long term but we all know that mostly our needs of money dictates us when to cash out our investment funds.

Personally, I cash only when I need money. And I'm doing it in a growing market. For my needs, I have a cash cushion that allows me to wait for the market to grow and then cash.

I also try to sell coins only in a growing market and on a strong need. I try to accumulate and increase my assets for the future and sell less.

For my first cash out but its not big amount but im thankful because this money are helping to me for my family  and this next i want to hold until market are stable

So far, too, nothing has cashed, only deposits. The topic is very interesting and there are a lot of ways.

I plan to withdraw my money not earlier than two years later. I am sure that during this period many countries recognize the currency of crypto, which will positively affect the price of coins.

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.

I've created a new strategy a few months ago!

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!

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 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.

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 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.)))

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 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.

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 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.

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 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.

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 will be in the market and when the price allows me to spend some of my coins, but if only I needed the money

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 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'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.

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.

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.

I cash out money when I need it. this is very rare. I try not to touch investments.