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Author Topic: Cashing out....  (Read 5167 times)
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January 24, 2017, 03:06:20 AM
 #1

Kinda feel the price will drop quite a bit, will probably cash out and buy back in after the dust has settled... The chinese  exchange fees look like its going to be a bubble popping but just my opinion... But why the insane mempool size?


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January 24, 2017, 03:44:48 AM
 #2

No need of getting panic on the price movement happening with time. In a short it grew to around $40 and has decreased around $30. This doesn't have any relative statement with the Chinese market, but the mining hardness has got increased. If cashing out is the decision make it with part of the bitcoin in the wallet, as the price movements were unpredictable. Even now it suddenly starts to move upwards.

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January 24, 2017, 04:21:22 AM
 #3

Kinda feel the price will drop quite a bit, will probably cash out and buy back in after the dust has settled... The chinese  exchange fees look like its going to be a bubble popping but just my opinion... But why the insane mempool size?

Cashed out awhile back, and will buy back in once a new baseline comes out too. IMO it's not a bubble popping, more of a correction from the recent rise. Hopefully the new baseline comes above $700 at least.

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January 24, 2017, 04:22:09 AM
 #4

Kinda feel the price will drop quite a bit, will probably cash out and buy back in after the dust has settled... The chinese  exchange fees look like its going to be a bubble popping but just my opinion... But why the insane mempool size?

you biggest mistake is that you think there is a bubble right now, but you are in a big mistake. there is no bubble. the bubble bursted a while back when price went down from $1160.
this price is not going to go down tht easily because of the way it was risen.

besides the fees on chinese exchanges and the situation over there is the best thing for bitcoin because they can no longer fake anything and most things are real now.

with all that said, if you think otherwise by all means don't hesitate. someone has to give the whales the cheap coins they want Cheesy

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January 24, 2017, 04:24:01 AM
 #5

Cashing out isn't always a bad thing.  Everyone has to take their profits at some time--hopefully you actually made a profit.  No one has any idea where bitcoin is headed, so just stay tuned.  But if you're banking on being able to buy back at a lower price...that could be a mistake if we really take off.  We'll see.  I'm hoping I can get my hands on some free cash in order to do some buying.  I have a feeling we're going to break to the upside soon.

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January 24, 2017, 05:26:45 AM
 #6

Relax. The price is stable right now. We are just waiting for huge whale which can trigger huge pump. Selling right now is not a good idea. But its your life mate. If you think you have earned enough. Then sell them. Then go back when the price gets drop. The price still stuck at $910+ right now. I suggest if your are going to dump. Do it now.


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January 24, 2017, 05:32:51 AM
 #7

Kinda feel the price will drop quite a bit, will probably cash out and buy back in after the dust has settled... The chinese  exchange fees look like its going to be a bubble popping but just my opinion... But why the insane mempool size?

But the bubble did already pop.  The rally back to 900 USD is nothing but a bull trap imo.  So be careful in thinking that this is a continuation of the last trend.  It's not.  And your plan of selling now and then buying at a lower price is a sound plan only if you're selling at a profit.  

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January 24, 2017, 06:58:37 AM
 #8

Kinda feel the price will drop quite a bit, will probably cash out and buy back in after the dust has settled... The chinese  exchange fees look like its going to be a bubble popping but just my opinion... But why the insane mempool size?

Fair enough. Volume obviously is taking a hit on the Chinese exchanges. Whether that translates into a sustained downtrend or not remains to be seen. I think we are still in a bull market.

I'm happy to ride it out the exchange worry as I think in the medium term it will probably be a positive. As always though with bitcoin, you just never know.

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January 24, 2017, 06:59:07 AM
 #9

it is always expected for weak hands to start panicking at some point and start thinking about "cashing out" that is why other traders are making profit. if things like this don't happen then bitcoin market becomes boring to a point that there wouldn't be enough profit in it.

i mean look at the price we went down to ~$750 and now back up to $920
what market do you know in the world that can give you 22% profit in a week? thank you OP and people like OP Cheesy

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January 24, 2017, 07:04:59 AM
 #10

You will regret.



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January 24, 2017, 07:58:51 AM
 #11

Kinda feel the price will drop quite a bit, will probably cash out and buy back in after the dust has settled... The chinese  exchange fees look like its going to be a bubble popping but just my opinion... But why the insane mempool size?

Fair enough. Volume obviously is taking a hit on the Chinese exchanges. Whether that translates into a sustained downtrend or not remains to be seen. I think we are still in a bull market.

I'm happy to ride it out the exchange worry as I think in the medium term it will probably be a positive. As always though with bitcoin, you just never know.



chinese can't make the market crashing again, if they dumped and the market tanked because of them and then they bought again(very likely), it would be stupid for them to dump under their "buy back poin"

based on the trend i can see that the market is stable now, even if this does look like the $1000-$600-$800--->$400--->$200 in 2013, is nothing like that
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January 24, 2017, 09:03:02 AM
 #12

You will regret.
Not if he could get profits and really need cash right now, everyone is free to buy or sell.
He feels that the price will be fall down and planning to buy back at the dip, nice strategy.
But, if the price slowly increases instead of decrease, he may regret it a little bit.
Looking at the price fluctuations, seems it won't fall for now and will rise to $1000 again.
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January 24, 2017, 10:08:07 AM
 #13

Kinda feel the price will drop quite a bit, will probably cash out and buy back in after the dust has settled... The chinese  exchange fees look like its going to be a bubble popping but just my opinion... But why the insane mempool size?

Feelings aren't the one you should listen to when it comes to the Bitcoin market. It's no secret that those that follow their feelings mostly end up making the worst decisions (trading wise). Just analyze the market, and from there you can plan your next action. If you then still think it's better to cash out, then cash out only a small portion, where it then leaves you with an extra bit of fiat that you can use in case the price really goes down. And when the price doesn't go down at all, but up instead, then you still have enough coins to benefit from the increase. Just make sure you never sell all your coins at once. I can't remember anyone being happy with having done so. These people mostly end up buying back at higher prices just to get rid of their disappointment in themselves.

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January 24, 2017, 11:06:58 AM
 #14

Now that he saw $ 900 gold, he had a very sharp decline. Since his volatility is high, he goes above $ 900 again, no need to fuss



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jacobmayes94
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January 24, 2017, 11:07:24 AM
 #15

im already several k up re bitcoin, so i think its the safest route with trading volume, having walked away with profits i could only have dreampt of, i think its time to get out for a while!

P.S it is better to buy coins rather than mine, this is what gave me much of my coins! I bought in at $300 each for the most part and bought weekly since. I will reinvest some when the dust settles

i may be a 'weak hand' but im the one with £15k plus profit over the past year from very little, so i think its time! Won't stop be selling my services for BTC as i have been doing either


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January 24, 2017, 11:13:44 AM
 #16

Kinda feel the price will drop quite a bit, will probably cash out and buy back in after the dust has settled... The chinese  exchange fees look like its going to be a bubble popping but just my opinion... But why the insane mempool size?

Well it's that your opinion then we have nothing to do with your future actions. Furthermore, if you still have that kind of view after reading some comments here, then just do what you want. It's your lovely bitcoins after all.

For those person who want to convert their bitcoins now, just do it if you need so. If you will not use it then just hold it and forget those early profits and eye for the long term. Just a piece of advice based on my current doings.

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January 24, 2017, 11:53:46 AM
 #17

Kinda feel the price will drop quite a bit, will probably cash out and buy back in after the dust has settled... The chinese  exchange fees look like its going to be a bubble popping but just my opinion... But why the insane mempool size?

you biggest mistake is that you think there is a bubble right now, but you are in a big mistake. there is no bubble. the bubble bursted a while back when price went down from $1160.
this price is not going to go down tht easily because of the way it was risen.

besides the fees on chinese exchanges and the situation over there is the best thing for bitcoin because they can no longer fake anything and most things are real now.

with all that said, if you think otherwise by all means don't hesitate. someone has to give the whales the cheap coins they want Cheesy

People think the scenario of 2014 might be repeated once again when $900 was still a bubble, but I don't think we are in a similar situation. The popularity of Bitcoin has risen big time since and right now $900 is almost the bottom price IMO.

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January 24, 2017, 12:05:14 PM
 #18

I don't think it will be as serious a bubble but i kinda want to ride this out, im £15k up and i don't want to get greedy right now!


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January 24, 2017, 01:09:00 PM
 #19

i think people cashing out their bitcoin into money its normal because they already made profit and they planning to buy back when they see the price is down. but for people which have bitcoin in their wallet and see the price is down, will be panic and make selling and makes the price is getting down so i think we don't have panic to see the price is going down, wait for a moment and the price will be back soon.

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January 24, 2017, 01:16:08 PM
 #20

Kinda feel the price will drop quite a bit, will probably cash out and buy back in after the dust has settled...
well to be honest i don't see it dropping. if anything it is mostly becoming stable and swings are getting smaller too.
there is still volatility of around $20 which is normal for bitcoin.

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The chinese  exchange fees look like its going to be a bubble popping but just my opinion...
i don't know why Chinese exchange fees have anything to do with "bubble". and if anything happens because of it, that would be more stability because the Chinese market is more controlled and less wild than before.

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But why the insane mempool size?
again this has nothing to do with price and it going down or up!
the difficulty change, and an orphan block plus some empty blocks led to this increase. and that happens every now and then until we see bigger blocks.














 

 

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