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Author Topic: Should I cash out my BTC now?  (Read 19799 times)
Sweetbtc
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July 26, 2017, 06:15:06 AM
 #261

If you already gained enough then its okay to cash out some bitcoin but you have to see to it that you will only cash out because you need the money. And the rest of the bitcoin you have better put it in offline wallet for safety.
Sincere advice, indeed. Cashing out bitcoins completely at this time won’t be a smart move. We all know that bitcoins are going to take ride to moon in the last weeks of August. If you really need money on urgent basis, you can cash out your bitcoins but if doing it for fun, kindly hold onto your coins. It would be regretful to withdraw all coins at the moment.
Bitcoin prices will go to the moon in August because I'm sure it will be very expensive. I think we should withdraw 30% of our assets before August 1 in the event Bitcoin can be split and if you are a venture capitalist keep Bitcoin at this time. Grin
You should cash out your Bitcoin if you really in need. Otherwise, you save it in your wallet because Bitcoin will gonna up to the moon on August 1. So If you don't do anything, I recommend you just wait until the best time to sell it and gain high income. You have to be patient, don't hurry, not to be rushed.

I am also not cashing out and waiting for the August 1 Price rise. But i have heard few people on this forum suggest its still risky to believe  that we are heading towards softfork. The coins can still split on Aug 1 making the value down all of sudden . How true is that for a statement ?

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July 26, 2017, 06:46:24 AM
 #262

If you had your payment in BTC, would you cash out your money or you would wait increasing of cryptocurrency?
If you'd ask me, I'll say wait for the value of bitcoin to increase rather than cash out now. Don't make the same mistake that I did last week where I sold my bitcoin because I thought it's price would still go down then I'll buy bitcoin again to make some profit but I was wrong! As soon as I sold them, the price started to increase so I can't convert my money back to bitcoin again. I'd suggest that you should hold your bitcoin if you don't have anything to use that for.
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July 26, 2017, 07:03:32 AM
 #263

If you had your payment in BTC, would you cash out your money or you would wait increasing of cryptocurrency?
Do not sell it now. If you still believe in bitcoin, keep it. Look at the value of the bitcoin present, it is in very high value, and it will go up if the hardfork is successful. There are many advantages to the development of bitcoin, so do not worry if you keep too much bitcoin.
I think it will be great strategy that some bitcoin may be sold out because after 1st August there is expected decrease in the price of bitcoin but it is also right that some bitcoin should be kept hold being an investment for future because with the passage of time bitcoin price will once again get rise in the market. It is not that after 1st August bitcoin will collapse completely.
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July 26, 2017, 07:06:46 AM
 #264

I think bitcoin will decrease once it reach 1 Aug so it will be a great choice to sell some bitcoin for making profit
But if you keep hold , it's also great choice but provide higher risk to take so it's all depend on you
I think the people who are not taking serious bitcoin as a business and long term investment for their bright future, they only win some bitcoin and change it into local currency of their country and use it in a mean way. Serious people are not of the view to waste bitcoin in such a mean way because they know the way of business and investment for their future and they consider bitcoin is the long term business and investment for their future.
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July 26, 2017, 07:08:38 AM
 #265

If you had your payment in BTC, would you cash out your money or you would wait increasing of cryptocurrency?
It really depends if I really need the money at the moment I think I would cash out right now,
But if I have some extra money in my pocket and I wouldn't need anymore for a couple of weeks the I would just hold it.

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July 26, 2017, 07:09:39 AM
 #266

So did many people actually cash out while BTC was at its lowest?
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July 26, 2017, 09:12:03 AM
 #267

now it is still the early age of the bitcoin, why cash out? we have a long way to go up to moon.:-)
yes that is really early to cash out bitcoin. i think you should hold your bitcoin right now because the price of bitcoin is now increase and very soon it is  expected that the price of bitcoin will increase too much high may be cross 5000$ very soon.
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July 26, 2017, 09:25:42 AM
 #268

now it is still the early age of the , why cash out? we have a long way to go up to moon.:-)
exactly its been few years launching it and it has a long way to go. i think cashing out all of your btc is not a good decision now and you will regret it in the future. i think now you have to earn as much as you can from different mean and keep them into your wallet for as long as you can to get the highest profit from it. hope price will reach to 10,000$ and hope it will goes up more.
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July 26, 2017, 10:24:23 AM
 #269

now it is still the early age of the bitcoin, why cash out? we have a long way to go up to moon.:-)
yeah dont be panic, bitcoin will go to the moon, it will dump now but eventually it will go higher and higher as time goes by, dont be worried or upset, just hold your coins it will good if you hold it now. just stay calm.

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July 26, 2017, 10:31:07 AM
 #270

Yes.
It is a good decision to cash out your bitcoin.
There's a possibility that it may get be so low after august 1.
That's why most of the people are cashing out their btc right now.
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July 26, 2017, 10:31:32 AM
 #271

I suggest to you bro dont cashout your bitcoin just hold ir because we dont know totally what will happen in bitcoin in august 1 . But I hope the price will become stable so our money not decrease and for sure after the date of august the price will become $3000 because many people for sure buy bitcoin so hold it. Keep it to your wallet everything will be fine.

 
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July 26, 2017, 10:39:57 AM
 #272

Yes.
It is a good decision to cash out your bitcoin.
There's a possibility that it may get be so low after august 1.
That's why most of the people are cashing out their btc right now.

Just to play safe and if you are not a risk taker then take this advice dude. We dont really know what will happen after august 1 and i myself i dont know what to do so now i just cash out my bitcoin because i need money and also because of the upcoming segwit that the bitcoin will split and i dont know what will happen to the price. Lets just hope that bitcoin price will stay the same tho



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July 26, 2017, 11:20:55 AM
 #273

I suggest to you bro dont cashout your bitcoin just hold ir because we dont know totally what will happen in bitcoin in august 1 . But I hope the price will become stable so our money not decrease and for sure after the date of august the price will become $3000 because many people for sure buy bitcoin so hold it. Keep it to your wallet everything will be fine.
I think we should not venture into Bitcoin, before August 1 we should withdraw 50% of our assets immediately because we are not sure what will happen to Bitcoin so the preservation of capital is the right thing to do.
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July 26, 2017, 11:34:58 AM
 #274

No way. Don't sell just yet. Forget about your bitcoin for ten years or maybe five if you can't wait that much. Then check it out after five years and you'll see how much it profited. Be patient and keep your calm. Keep your bitcoins longer. Btc is a potential investment that's why I'm pretty confident that in five years time its price will go higher. But if you're not really into investment you can consider selling it now and other investors will gladly buy your share.

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kuryadi
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July 26, 2017, 11:58:10 AM
 #275

I will sell my bitcoin if bitcoin price is expensive. I think you can do the same. You can sell your bitcoin when bitcoin price is expensive. Then amda can buy it back when the bitcoin price starts. If you do that i am sure you will get big gain from bitcoin. Look for opportunities for it.

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July 26, 2017, 12:33:43 PM
 #276

I think bitcoin will decrease once it reach 1 Aug so it will be a great choice to sell some bitcoin for making profit
But if you keep hold , it's also great choice but provide higher risk to take so it's all depend on you
I think the people who are not taking serious bitcoin as a business and long term investment for their bright future, they only win some bitcoin and change it into local currency of their country and use it in a mean way. Serious people are not of the view to waste bitcoin in such a mean way because they know the way of business and investment for their future and they consider bitcoin is the long term business and investment for their future.
in fact people earn money to fulfill their needs, to me i personally convert some bitcoin in to my fiat currency whenever i fell the need. but still i also save some bitcoin for the future, because i am also in favour of long term investment and holding money for long term is more safe as compare to short term investment.

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Cosbycoin
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July 26, 2017, 07:41:37 PM
 #277

If you had your payment in BTC, would you cash out your money or you would wait increasing of cryptocurrency?

I am dont really into the price or the profit while holding because there are times that I need a money to buy something or to buy foods. I hold my bitcoin for future purposes for emergency like the times you really need money and no one could help you. But now I dont really hold it because im going to cashing it out to buy stuffs for my pc
It is funny but reality. Greediness and fear both are natural and I think no one can deny these factors being a part of human life. It is fact that greediness and fear are interlink to each other. If you don’t have the courage to face hardness of market or so greedy regarding earning of money so in this case scarceness will occupy your senses and will discourage you to have any activity or business.
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July 26, 2017, 08:00:56 PM
 #278

Yes.
It is a good decision to cash out your bitcoin.
There's a possibility that it may get be so low after august 1.
That's why most of the people are cashing out their btc right now.
The price is really volatile but that does not mean that the price of bitcoin will go down,just hold on to your coins and when everything is settled i am sure that the price would reach new heights and break new records,just hold onto your coins and if you are in both minds then you have to take a decision that suits you.
BitcoinUKmedia
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July 26, 2017, 08:29:45 PM
 #279

LOL - this question has been asked every day since Bitcoin began it's journey - to Hodl or not to Hodl...People who have held since the beginning or since 2012 or 2014 or 2016 or whenever have always accrued value
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July 26, 2017, 10:32:27 PM
 #280

It is up to you. If you're scared that bitcoin can not survive after the hard fork, you can cash out everything that you have in your bitcoin wallet. If you believe in the fate of bitcoin to be a great currency on the planet, holding bitcoin will never harm you. I will hold all of my bitcoin until it hit $10000

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