Bitcoin Forum

hey guys ...

suppose you invest 10k in crypto

at what stage would you consider getting out and taking your gains ? if you 10x ( 100k )

or are you very very LONG on this ?

Dont targeting profit to big, 10 times ? i will cash it out when it doubled, im not to good  with long term investment, buy when dip sell while up just like that and repeat.

I invest in crypto for a lifetime but I always cash out at the very low percent of my investment, just enough to pay my rent and food. If you make x100 of your investment then you can cash out 50% and invest in something else.

You can consider crypto as a kind of job, if you can get 10x of your  principal. Sell them all then go out.
If you want to continue , take back of your own 10k , take use of the rest 90K to invest in other coins, you will get your profit , the worst case , you will lose nothing.

consideration to get out I think is very heavy, but maybe I will get out of cryptocurrency when it is getting 10x profit. but outgoing means I'm out forever from cryptocurrency but I'm just out of trading to enjoy my profit and next time I'll get back to investing or trading in cryptocurrency.

I think your question is wrong. Why do you have to get out? At some point you may withdraw your initial investment, but why quit at all?

I never set up limits, because the market is changing in a blink of an eye.

true true ... just wondering as at some stage in the future a bubble will burst - so looking for 'safe' strategy ... but ive very bullish on crypto at least for most of 2018

suppose secret is to take profits at regulare intervals

Whenever you need the money, it's not like there are rules about it. It's best to not cash out unless you need the money.

The safest way is do x2 and then sell a half of portfolio into fiat. Personally I hold criptocurrency for long term because I believe in criptocurrency development in our future

When you meant out? You will stay away from crypto forever?
It's kinda hard to predict that. Crypto is so volatile. There's also a chance that you might not be able to get out of it because of your goal.

You might consider the thing I have to say, whenever you earn some profit, take out that profit and leave your initial investment. If you took all out(capital included), it's kinda hard to bought back in specially if the price of the crypto you like increase alot (I assume you will invest in bitcoin). Using this method, you'll be able to see how much you gain.

With your capital, since you want more profit, partcipating in an ICO is better. ICOs with potential can give you more than 10x return. Just do some research first before engaging in one.
Invest at your own risk!

so many trader cryptos getting panic, if you want to double your investment just hold a little bit longer. do not make a crypto investment a top priority  earn money instantly  :)

I think it's always good time to get out if you wanted to get some profit and keep your money in there. But I guess the best percentage if you are in the losing side is get out if you drop 10-20 percent already.

Before entering any cryptocurrency market you should have first set a target profit on when will you get out both short term and long term investment. if you decide to go for short term of course you will want to get out when a coin you bought has reached its peak and we dont know when or what price range is the peak that is why you have to set a target percentage profit 5 to 10% is enough. when going long term you want to make huge profit but you will never know when to sell until it drastically increases its value.

Actually, I would cash out what I earnt and let "play" with the benefits and also cash out slowly a few bucks, maybe just what you need.

Why exit? Cash out what you need, whenever you need it. Just like any other investment or a bank account. The notion that you need to "exit" implies an active trading strategy and that you think there is somewhere better to store your wealth. The real question you should ask is "what store of wealth/value do you think is better than BTC and when should I move wealth from BTC to that other notional store of value?

Well, it depends to a person but if you are aiming for a higher profit which is you want to get 10x then you will have to wait even how long it will take and your patience is a must

never get out of the cryptocurrency at the peak of its fall. the situation may change

Get out on profits. x10 or x5 or whatever when you get the peak you can get out. Buy in the dip again. Even with applications or what, you can sense that by watching the volume of bought and sold. No need to get greedy, profit is still a profit but to maximize those I bet you need applications, research and composure/discipline. Goodluck, take profits.

That really depends on you personally 100k is a perfect exist point for me at that time i wil take profit on any of my investment 10x profit is enough for me on a 10k investment.

Cash on initial profits on 3x and above. and hodl platform coins till 100x.

Wait till a coin is up massively for the day and sell...

Rebuy when its dropped again :)

For me anything i make a decent gain. I will cash out my investment and invest in another thing and wait for the market to make more gain. If it's project i believe in for long term i wont cash out all. I will leave few of my gains for long term hold

Oh ! It' s like in Casino - you win x10 and want more :) And seriously experts recommending to output the funds invested  first, and then at its discretion (are you ready to part with them)

Profiting x10 is already big enough if you want to get out. Don't be too greedy or you'll not have a good time of cashing it out. x2 - x5 shall be enough but if you are sure of what you are doing and you can see a great potential coins and it can bring you 10x profit then just keep on holding it. With that big amount of $10,000 you can already play and earn good amount on it daily.

Hello!The good time is get out when u get big profit or u lose to much and for reason not to lose all u have, u need to get out,becose many peoples lose all and thay become sick with crypto and take credit in banks and go all in!U need to get good profit then withdraw i think 70 % and 30% stay in investment...it depends how big is profit!

As an investor, I try to make profit as much as possible since altcoin is risky investment compare with stock exchange.

It's too long to wait ? Can't resist if the profit in front of the eye ?
That's the temptation when try to trade altcoin eventhough  you're not have any knowledge on that token

well,sometimes you set a target for yourself only to realize the market is very positive and you can even make 10-20x profits if you could just be patient.So personally i hold until the market is crashing by which time i would have made about 20x profit then i get out.

I think it depends.

If it is an ICO and it has risen in value and has met all its milestone based on its roadmap, or that the ICO has failed in some of its steps to achieve the milestones, then it is time to consider leaving the ICO regardless of the profit generated.

Or if the coin has achieved 10x in a very short time, you should get out and if the market is drops down again, you can get in cheaper.

But if you really believe in cryptocurrencies... you may want to hang around til crypto is more pervasive.

I think when you invested 10k, then you had a specific goal, for example: a lambo, or a lake house, or grow to 100k, and as soon as this goal is accessed plus my 10k, I would take the target and continue again with 10k.

Such indicators are difficult to do in a short time, it takes time, but personally I will never withdraw funds and invests again in other coins

If i will be investing 10k in cryto then i will keep patience till i rech my main goal. I would prefer to go for long term because my goal is always high and i will get my gain when i reach my projected goals.

This question does not have a correct answer coz It’s different for everyone. For me; before doing an investment I decide an exit limit and I exit  :)

I do not set an fixed point to get out. I will follow the market to have a good decision. But I also do not sell my coin if I can not receive at least 50% profit

As it is said, "Excess of anything is bad", so is the covetousness. If you have made an investment with a huge amount (Rs.1 lac or above)  and you see it getting double or triple you can get out. But if your investment is small (Rs. 5000 for example) and the profit seems to be only double or triple, you can wait until it makes you a millionaire.

i think the best time to get out is the coin gets higher and ill should sell it because it might get to lower price.

I have never set certain number before I get out. I do my research before I buy and I keep researching while holding. If I think the coin has hart time to come or the value is going down, then I sell. Otherwise I can hold it for years.

Nobody can tell when the best time is to take profit or to sell with a loss. I depends on the coin and the currect market situation. In the past it showed that it is always the best point to sell when everything is spiking and the people are buying blind.

Dear friend cliffordsean I have notice that you concern too much in return to what you invested for. We are just jr. Member don't fall yourself to get a big profit in return. To expect a high return is not bad but I would rather say calm down yourself be easy while doing business. Don't expect too much, although it is good but it is hard if you will not get what you always watching. In my point of view better focus yourself in knowledge rather than 10x or 100x.
Don't get out.
Best regards  ;)

A favorite saying of our Cryptocurrency community is "Don't invest more than you're willing to lose." I agree 1000%

With that being said one of the most difficult decisions a person has to make is what to do when they, don't lose, but win.

Yes, WIN!

Who knew that could be difficult?

Many/most new investor's are not used to the concept of actually winning. Most people assume the hardest part is putting up that first large sum of money whether it be $10, $100, $1,000, $2,500, $5,000, $10,000, $25,000, $50,000, $100,000 dollars but it isn't.

You have already entered the game at that point & decided that you're willing to risk losing your initial investment in order to possibly gain 2x, 3x, 10x, 100x or 1000x that's everyone's goal, idea & dream of course. But the way I look at it is not that I had $10,000 dollars that I wanted to increase in value but rather I placed $10,000 dollars to play the cryptocurrency market/ICO/trading game and was at ZERO until I cashed out my unrealised gains or losses.

A very basic example, you invested in a project that made a 50% gain on your $10,000 & you're up $5,000 dollars. Your total nut is now $15,000 right? Wrong, you're at ZERO. You can make that that initial investment of $10, $100, $1,000, $2,500, $5,000, $10,000, $25,000, $50,000, $100,000 and 100X it & you'll always be at ZERO until you cash out your initial investment of $10,000 plus what you've earned.

What some beginner's fail to remember when they're winning/making profit is how difficult it was to make that initial $10, $100, $1,000, $2,500, $5,000, $10,000, $25,000, $50,000 in the first place. How long did it take you, how difficult was it to save that initial investment, what did you sacrifice to obtain that money & if you leave the game at ZERO how much more difficult will it be to re-build?

You can become dazzled & mesmerized at the amount you've earned in such a short amount & it will diminish your memory of how hard it was to make/save your initial investment. Never forget that difficulty & always remember that while you are invested in the markets you are at ZERO.

The only person that can actually answer your question about, "at what stage would you consider getting out and taking your gains?" is you. You have to decide at 50%, 100%, 200%, 500%, 1,000% what taking profit will mean for you.

I suggest listing out the possible percentage gains/losses, calculate what those numbers are & decide what amount of profit/loss you're willing to endure. Then decide, beforehand, where your exit points will be at both ends of the spectrum.  

Best of luck.

 

I think that I will sell 50% of my coin when the price is double, then I will leave the rest for a year, hoping it will grow higher.

It can be changed for your ideas because when you want your profit you can cash-out them. It can change by your investing goals. If you want a house you can cash-out when you got these amount money for example.

For me it is best to diversify. What I mean is to cash out part of the investment. For example, if I invest in ICO that I think will do big (10x or more). When it hits 5x, I sell 50 % of my investment. By that way, I get profit (more than investment) and I still have in the ICO. Yes, it could go down, but it could reach 10x? If it reached 10x, superb (for me) if not, I still have profit from the investment. Also, I hodl 10 % in case this ICO hit the sky. ;D

with 10 000$ investment you should be millionaire before cash out.

now it the time to hodl. once the correction finished, the market cap is going to reach trillions.

it's very difficult to get out, especially when you see a constant price increase.
but I still try every month to fix profits in fiat  8)

Getting out is always depend on its individual actually, if you know you already gain for it you can get anytime you want. Then if you are aiming to gain big well I guess you need to hold on for it in a long term basis, just simple as that mate. If I where you if you have that huge amount it is better for you to invest it in different altcoin which is I knew its potential and has a capability to get higher in the near future where I am sure I can harvest a big reward.

It is difficult to determine the exact time when the market is too volatile and the time is shorter. To limit the loss I think you can put a stop loss after buying good coin. Invested, you should take risks because trade is always the most risky, if you can not accept this then you can not succeed in the market cryptocurrency.

it's really just a hold and see how it develops after that
will be someone who is very well established and have savings for the old age later

If you're a trader I would get out at a 15-20+%, if you're a daytrader I would happily take at least a few percentages every day. But if you're a believer do you really need to worry about when to get out?

Getting a 10x roi ain't as easy as that , and even you're lucky enough with picking a coin to do such an achievement i don't think you'll have enough balls to invest 10k on it especially if it has just submerged , but if it is the case , i'll be following closely the market and set up a an upper and lower limit , the both limits will let me know when to withdraw when reaching one of them no matter what happens later .
I'm rather a hodling person , but sometimes getting away when things get messy ain't the worst choice and


Exactly , when you need to cash-out don't think "what will happen if it goes up after i withdraw ?" , you needed the money and you made your decision period , what happens next isn't your concern .

I think, that you can get out in 3 month or don't get out in nearest years at all, but theseway you need to have iron balls

Growth in the price is very addicting for the investor. The trader must make steady goals if he wants to get out without a loss. Some of the traders are trying to gain millions but that is the wrong thinking. You must set your goals prior to the investment and when you think the time is right to try to cash out.

There will always be a rise and falls and you can hold all of your cryptos forever in the wallets without any use. You don't have to cash out everything. Leave some low amount of your portfolio intact. Try to track the progress of the charts and if you see some incoming pump make a cashout and enjoy the life with the extra cash in your pockets.

if you need money then cash out some portion and leave the rest. why the need to get out if you gain something. it still depends on you when to cash out and thru experience  you will learn when to cash out.

Before entering any crypto currency market, you must first set a target profit when you receive both short-term and long-term investments. if you decide to go for a short time, of course, you will want to go out when the coin you bought has reached its peak, and we do not know when or which price range is the peak, so you need to set a target interest income.

The question is: what purpose do you follow? If you just need some amount of money - then go out when it is formed. Well, if you want to squeeze everything out, keep to the last!

It really depends on what Crypto it is. I look at a coins market cap before volume. Market cap lets me know how much momentum is needed to push the price up. Much easier for ZCash to 50x than it is for Ethereum to do a 2x :)

Your target is not realistic but possible ( sorry ), too high and need high skill and time to be done. Most people will say, get out if the price reach your target but some people decides with " almost " is enough. Another opinion is, get out when the price reach your stop loss ( cut loss ), meaning we have stop our activity to minimalism our loss. Time is relative and patience is needed, do you have it if must wait & see until 5 or more years? I believe you don't. Change your plan, fix your strategy and good luck to you.  

There's always that temptation to remain in a stock or coin after it's reached your goal.. especially when you think its hype won'd die down any time soon and that the company/team is really good. This is a dangerous trap though as it can be at the peak. We must remember as investors that a lot of future-value of a stock or coin is already factored into its current price.

Correct, 10 times is too much and too long to wait. Sometimes it is not possible at all. If I understand that my altcoin costs twice more, I fix my income and make cashout. Often I wait till the same alt falls to buy it again and make the same operation when the right time comes.

I think the best time will be exactly when you decide, because no one will ever tell you when to go out, because no one knows this for sure. Everyone has his own opinion on this matter.

I think there is no suitable time to go out because the bitcoin looks like it's going up this year and it's like this year's tour :D .

Until you haven't fixed your profit, you cant say that you are in profit. Most top guys in trading even not crypto, saying that you need to take out or market 30-50% of profi then you get the huge profit, or you can lose everything.

when you already get profit, I think it is the right time to get out.

It really depends on the person you are asking,because every people in this world has greediness in their body and for me i wont stop as i have a lot of things to consider,my family's future would be enough for me to work 15hours a day so i can give whatever they need.Greed is a bottomless pit which exhausts the person in an endless effort to satisfy the need without ever reaching satisfaction.For me my satisfaction would be if i gave enough things to my love ones to fullfill their dreams in the future.

I think investing in crypto for a lifetime, for it needs to be patient do not get exposed to panic buy, take enough then leave to start another business or can also play capital.Jika you make x100 of your investment then you should be able to use it wisely. like other market markets buy cheap and then sell at high prices.

It all depends on how much you want to make from your coins. You should only sell them out once you are getting this much amount of profit which you really want to get in return. Do not even think of selling your coins at time when the market value is little low as this will only result in loss of money and nothing else. You need to be patient for some time in order to get your desired amount of money.

I think i will go out when I buy a new car and a big house. I think i  won't buy in  more thing only with my salary so I want to ern more money to fulfil my desire.

I am a holder of TRX and trading it since december. At first I thought TRX will be dumped forever but after 3rd week of december TRX made a big big move and also to the help of justin sun the CEO head of tron. in the early january I managed to triple my earnings . and I am very surprised about that and made me more trust to hold it. after a couple of days and weeks I thought it was but suddenly it go down haha. The best thing to sell or day / time is when you doubled or tripled your investments

If it has already a high and stable value which we have wanted in the future. Suddenly today, bitcoin crypto currency has changeable value every now and then.

If you want to earn only 1 time, then it is worthwhile to go out immediately when you get a profit that suits you.  But if you want to expand your investment portfolio, and increase profits, then you do not need to take all the profits immediately.  Suppose a coin has grown by 100%.  Then sell 50% of these coins.  25-30% take  to yourself, and on the others buy some other coins.

Its up to you when will you go out. Some people here prefer earning repeatedly than earning one big time. What i mean is they hold coins for short period of time and sells it then buy again. If you are a kind of person who wants one time earning, you should hold it for a long term and set your desired profit before to sell your coins.

When you say get out, what do you actually mean?  Retire from cryptocurrencies?  If that's the case, I would never get out.  I would sell some when I feel happy with the profits but I can't just sell everything and never look back at cryptos again. 

It's hard to predict. Crypto is volatile. The risk is high.
I believe that whenever you make some profit, you take away that profit and leave your initial investment. If you spent everything, crypto could be bought up, especially if the price of krypton you love increases. Using this method, you will be able to see how much you get.

10 times is too big profit but still possible to make it, but to know best times to get out from market we should be focus on fundamental analysis because when any bad news all crypto will down, so when we know ASAP about that news, so we can faster get out from the market and move all money in to fiat or USDT to keep profit. 

Everybody has their own targets, it is safe to withdraw your base investment once double it so that you wouldn't lose the money and hold profit as long as you want.

People have their own target. If had $10k to invest in crypto, i would cash out if the price times 2-3x and use some my profits to invest in another altcoins. My advise is don't be too greedy. I've lost so many potential profits because of my greediness.

in my opinion there is no need to take action that would be detrimental so think first to get out.
do not make the price benchmark so low as to make opt-out.
better be patient first because the change is very fast.

The fact that you put too much profit will be a double-edged sword. If you make a profit of 50% I think you should look for another project.

For me, the good time to go out is when the time that you achieve your goals. When the time that I can build my own house. If I can build my own business that can support my needs and the needs of my family. Is when my saving  become big that can support me and the future of my family.

So many trader cryptos getting panic, if you want to double your investment just hold a little bit longer. do not make a crypto investment a top priority  earn money instant.

as investor works with customs on initials with strategics then work lasts with level of supports within distinct of limit on value as referring resistance to apply with request of completion.

It is very difficult to determine when to go out, especially if a good amount has been invested. I do not immediately create this problem because when I buy a cryptocurrency I do it to sell it in the future, when it has reached a target that is variable according to my expectations

i think the most easiest method to getting out of an investment is just viewing the price. If the price is enough then you can get out without any loss.

When to get out should be determined before you enter your trade and be discipline enough to keep to that. But if you are a more experience trader with both technical and fundamental knowledge of the cryptocurrency market, you can stay long in the market in other to multiply your profit since you can understand the trend and can determine the bullish / bearish move.

When the price doubles, sell half. In this case, you will return the invested funds.
The remaining coins sell when they again increase twice.

Think about long term and don't quit with all of your money. Get some of your money out and continue investing with your gains.

Once I made the profit I projected before investing or when I notice the dev. Team stopped working on bringing the roadmap to reality

it's a smart thing to go away from that. If you notice a coin that is about to scam, get out of it too.