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Author Topic: what is the right time to cash out?  (Read 3877 times)
kuronokishi10
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November 19, 2017, 07:05:45 AM
#1

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.

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November 19, 2017, 07:12:14 AM
#2

That is the mistake an experienced trader might not do but you did it. You shouldn't have sold at that moment because it was only a rumour of bitcoin cash.
If you want to recover your loss and want to earn even more, you need to watch on market and buy when it falls down in value.
I hope bitcoin should again fall below $500, then it would be better to buy.

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November 19, 2017, 07:23:05 AM
#3

What happened to you right there was a perfect example of a 'panic sell' case wherein you feared of going deeper in loss rather than believing that Bitcoin would rebound back and this is a consequence of your own decisions. Bitcoin is known to have made a strong come back everytime it has dipped by a significant amount so you just need to judge by having an eye on Bitcoin's price often to make sure you're making maximum profit at your sell.


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VitKoyn
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November 19, 2017, 08:43:29 AM
#4

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.
When a huge price drops happen and you are scared of losing you money that will cause you to panic and will decide to cut your loss. Honestly, you can't stop panic selling if you trade cryptocurrency with emotions. That's not the right thing to do, you should think of it as an opportunity to invest more in a discounted price as many as you can. If you want to know when is the right time to cash out, you should always look for latest news about Bitcoin and make your own analysis, if you think that the price of your chosen cryptocurrency will crash then sell it.
kuronokishi10
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November 19, 2017, 08:44:45 AM
#5

That is the mistake an experienced trader might not do but you did it. You shouldn't have sold at that moment because it was only a rumour of bitcoin cash.
If you want to recover your loss and want to earn even more, you need to watch on market and buy when it falls down in value.
I hope bitcoin should again fall below $500, then it would be better to buy.
Yeah,that was a big mistake on my part,I just couldn't imagine what would happen if I loose more and impulsively withdrew all my coins,I'll again buy some when the prices drop as you said and won't repeat the same mistake again.

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November 19, 2017, 08:46:16 AM
#6

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.
When a huge price drops happen and you are scared of losing you money that will cause you to panic and will decide to cut your loss. Honestly, you can't stop panic selling if you trade cryptocurrency with emotions. That's not the right thing to do, you should think of it as an opportunity to invest more in a discounted price as many as you can. If you want to know when is the right time to cash out, you should always look for latest news about Bitcoin and make your own analysis, if you think that the price of your chosen cryptocurrency will crash then sell it.
Thank you.
I'll make sure I am up to date with the bitcoin news and always analyse the current situation and would make a better decision from next time

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November 19, 2017, 08:50:50 AM
#7

Dont be in hurry. Wait for the perfect time where you will earn a lot of credentials. Its a big mistake when you got low earnings because of some rumors spreading. And be responsible for your self that you will not tend to panic selling.
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November 19, 2017, 08:54:14 AM
#8

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.
You must understand about the analysis technical in trading before open position buy or sell the bitcoin, so everything desicions in trading activity based on your analysis, it will help you to control your feels of emotions (greed, fear, nervous and other) in trading activities, if you have made wrong prediction of price you can do stop losing and don't forget you must have the rules of trading be made by your self.
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November 19, 2017, 09:50:27 AM
#9

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.
always read peoples opinions like here in BTT or in the Youtube trader channels because you will know what's the situation and what is the possible way to do for these times but don't rely in one article or advice because that may be a fud maker so always seek the majorities judgement so that you can come up with a good decision, when you heard that the majority of the miners and investors are drawing back from btc then you should think twice in hodling so that you may cut your loose, always control your emotions and don't listen to the gossips that btc is a bubble BCH is the true btc and it will dominate it.

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November 19, 2017, 10:04:26 AM
#10

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.

If you any emergency commitment with the bitcoins you holder in your wallet means exchange it now but no any works with that means you can hold it more than 2 years from now at least because bitcoin price potential will takes you flight for sure.
You will never loose the single penny instead of that you will be able to make triple the value you see in the chart.

 
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November 19, 2017, 11:05:41 AM
#11

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.

Why you so nervous? If you a trader you know when you buy and when you sell,if you get a profit its time to you to sell
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November 19, 2017, 11:37:10 AM
#12

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.

Patience is the most needed traits in trading. You need to have tons of it for you to be profitable here. I understand your frustration when Bitcoin price dropped to $6000. Every traders are experiencing the same thing. The moment that you panic is the moment that you'll lose.As for your question about when is the right time to cash out,it depends on your goal. If you are a short term trader, once you reached the desired profit, you can cash out immediately and if you are a long term trader, it depends on how many years you want to cash out your coins on a profitable price.
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November 19, 2017, 12:02:28 PM
#13

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.
Why were you so nervous? it's not like Bitcoin was going to crash or anything. Next time something like that happens (a sudden dip in the price) don't give in to 'panic sell', take a moment and look around for btc news, read posts, threads, social media, just so you have an idea of what's going on. I also recommend you to keep up to date with the current news so that you can be prepare for whatever is coming in the future (possible forks, network related issues, etc).
right time to cash out? depends on what your goal is (short-term profits or long-term investement for higher profits).

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Bagaji
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November 19, 2017, 12:06:44 PM
#14

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.
The right time to cash out is when you are in your target profit and not to sell at lost as a result of panic of losing your capital. You need to have faith in Bitcoin for you be afraid of altcoins buy it shouldn't be Bitcoin because its has a greater future ahead.

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November 19, 2017, 12:19:58 PM
#15

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.

That is a normal mistake when you are dealing with bitcoin. The dips in the cryptomarket are huge, and it's hard to deal with them. There is a lot of speculation surrounding bitcoin, and most people still don't know if they should call it a bubble or not, so every time they see these dips they think it will be the death of bitcoin. Thing is, that BTC has been proving us wrong over and over again. After these big dips, the coin recovers and eventually sets some new records in price, becoming stronger than it was before.

It's hard to trade bitcoin, I would say that if you just hold your coins you will probably be just fine. Of course that we all want to take some out of the price fluctuation, and right now, I will try to buy at the dip, and them hope for a rebound and sell a small % for profit, and keep doing it, as the price keeps increasing. Note that I'm only doing this, because I believe in BTC. I think it will have global acceptance, so it's price it's still low at the moment. I'm buying at the deep simply, to get more coins for long term hold at a better price.

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November 19, 2017, 12:30:29 PM
#16

the right time to cash out. if the bitcoin price is increase  beacause the more increase bitcoin the more amount you can cash out.
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November 19, 2017, 12:40:54 PM
#17

Well that's a lesson learned for you dude. One thing you have to understand is that among all other altcoins, btc has the most and strongest support. So if the price drops like that, the worst thing you ca do is to panic because its mot going to take long before bitcoin bounces back even stronger

 
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November 19, 2017, 12:46:22 PM
#18

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.

For me, the right to cash out my bitcoin  or at least some of my bitcoin is
First when I need money. Why? for me, even though bitcoin price fluctuates still I have chance to double my money if bitcoin price pumps.
Second is when my target price is reach. Even though the bitcoin has a more potential to pump I will still convert some into cash. At least the bitcoin left has may double again or increase and get back the money I cash out.
Third is when bitcoin price pump into a much bigger price instantly. For me, after that instant pump, it the next thing to happen is the crash or drop or whatever you call it.
It is normal to make mistakes. We learn from it, so the next time the same situation happen, you / we know what to do.

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November 19, 2017, 02:02:56 PM
#19




That is called as ďpanic sellingĒ. Thats the first and last mistake people do in the bitcoin trading and loose their investment very easily with a little bullish thinking. I have seen so many people around the internet/forum who complaint about the bitcoin that it is volatile and its not giving profits. I have seen many times that people are arguing on the volatility of the bitcoin and they blame its decentralised nature. But one should always remember that its not about the bitcoin but its all about the our mistakes! We tend to fall for stupid patterns and o the panic things as you did here. But we can learn form such mistakes and try to get in line with it. Now there is time when I donít even look at my wallet even there are bad times for the bitcoin because I know it will re-enter with its original price and will pump further more.




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November 19, 2017, 02:15:48 PM
#20

i think the bitcoin price will grow more but we should wait for a time. the currency like bitcoin will normal to a level where every one can purchased the prices will not that much drop down to a level that every body should scares because of that the prediction may goes wrong the future is bright. as for my self i am holding my bitcoin for the right time when i will make some output for me.

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November 19, 2017, 02:40:53 PM
#21

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.

Invest that much of money what you can afford to loose. I think you have invested a good amount of money and that is for the first time in the cryptocoins. Start investing with less money, spend some time on cryptocoin market , grow your experience and then you will be less nervous. Don't just panic and sell.

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November 19, 2017, 03:11:45 PM
#22

Cashing out btc is not a big thing to be done right now. The price on the growing side, based on which its good to hold the bitcoin expecting a good profit. There is nothing to be a right time to make use of bitcoin, maybe it's good as majority of the experts have predicted the price to be pumping much higher.
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November 19, 2017, 03:14:13 PM
#23

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.
Sorry for your loss since you did easily panic and sell off your stash on lower prices which is commonly happening on most newbies since we dont still know on how bitcoins price do behaves on this market which it do drops but later on it would recover and would possibly reach up new heights.For sure this mistakes would really make you learning and for next time you wont able to commit such mistakes again and again.


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November 19, 2017, 03:19:35 PM
#24

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.

This happens only when you watch the market and try to do trading, if you have some target then just put it and forget it because in bitcoin anything can happen. When you were selling their are users who have believe in bitcoin bought it and today you can see the price. That is why it is told that when ever their is correction take it as buying opportunity.

 
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November 19, 2017, 03:21:12 PM
#25

If you are bitcoin believer and you think you want to earn big money with it then always remember the cash out point is after two to five years of time. Bitcoin is shit investment for small terms and it can never get you profits, a good amount of profit. What you did was your mistake and you should not repeat it agin. If by any small chance the bitcoin falls to below your current sell point then I will advise you to buy more bitcoin Tham last time and donít think about it for a year. You will see that they have been grown from beans to fruits in no time. This is not philosophy class but a reality platform which is being proved again and agin since the year 2009. Now what to add more into it I donít understand, its already best for long term.

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November 19, 2017, 03:33:13 PM
#26

For me, the right time to cash out is when you see that you investment has already earned your target profit. If you see that the price is down don't sell your bitcoin because its just a temporary price and for sure it will increase again. And for you not to feel nervous everytime the price is down, just invest the amount that you can afford to lose. And ofcourse it also the right time to cash out if you really need your money but if it's not badly needed, just keep your bitcoin.
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November 19, 2017, 03:45:18 PM
#27

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.

You don't trade that way and you have to make your heart stronger for now. Learn from that mistake that you are panic selling, first don't be a panic seller. When you see bitcoin's price starting to decrease, you have to be calm, away from the charts, from your computer so that you can't see that your investment is starting to lose. Bitcoin is a good long term investment, you invest today - forget it - get back to it after a year or more.




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November 19, 2017, 09:22:25 PM
Last edit: November 19, 2017, 11:30:10 PM by noel2123
#28

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.
That the common mistake by newbies they are controlled by there emotions , Don't ever withdraw you coins if you are still at lost the right time to cashout is when you already make a profit from it ! if you are losing just let it stay there and wait until you gain you profit already ! hope you learned your lessons.
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November 19, 2017, 09:26:13 PM
#29

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.

Well one of the first things that is really important to be able to do is try and remove your emotions from your decisions, you mentioned that you were fearful of losing money and having such an attitude will always hold you back in your decision making. The same can be said for the fear of missing out (FOMO). All of your decisions need to be taken with a clear and rational mind and that will enable you to have a much better chance at succeeding. It is important that you learn from your past decisions and constantly evaluate and improve.

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November 19, 2017, 09:36:13 PM
#30

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.
Think about it alone, why you didn`t wait? There are two big reasons for that, one is you didn`t have trust in bitcoin second you are not patient man. With this two things nobody can`t help you, you need to do it alone. You need to learn that and practice that, and believe me nobody here can`t tell you exactly time when to sell or buy, I know that you wish that, but that`s impossible. Practice your skills alone and you will be much happier in your life, relay on yourself more then on others!

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November 19, 2017, 09:45:18 PM
#31

I believe that this would be the right time to cash out some little portion of your bitcoins, but only with the intention of buying more in case there is a correction in coming days, since the line of $8,000 could seem an important psychological level for the events of previous days.

But if you decide to continue holding, it is also a brilliant idea.
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November 19, 2017, 10:09:01 PM
#32

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.

The right time to cash out is when bitcoin value  is expensive so that you profit a big amount Just like my sister said $40 today then after an hour the price of her coin become $1200 dollars in just an hour.so l found out that bitcoin price is very important to monitor because bitcoin price value  of your coins may multiply 10 times to 20 times.Bitcoin for me now is the best because bitcoin gives the best income, profit and earnings.That the time of bitcoiners can have their benefits to be rich because of volatility price of bitcoin.Holding bitcoin also is required then sell it on the right time to to increase the value  of bitcoin.Bitcoin holders has the chance to multiply in a million because the equivalent of their bitcoin is is very big amount when bitcoin value climbs to a expensive price.

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November 19, 2017, 10:36:00 PM
#33

I believe that this would be the right time to cash out some little portion of your bitcoins, but only with the intention of buying more in case there is a correction in coming days, since the line of $8,000 could seem an important psychological level for the events of previous days.

But if you decide to continue holding, it is also a brilliant idea.
For last couple of days we have seen bitcoin rise back after the hard fork cancaling news, which had a massive impact on the price, and with the correction around the corner many would suggest to sell right now to avoid any loses, i personaly thin you sould wait and see what will happen because a lot of pople are looking forward to bitcoin reaching 10k before the end of the year and they want to push it to that point, so there will be a high demand a demand that will push the price, so holding it for me is the best option, but who knows this is the cryptocurrency market it is unpredicitbale, but it is better to be safe than sorry, you will always have a lot of chances of selling but a few chances of buying.

 
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November 19, 2017, 10:54:31 PM
#34

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.

The old mantra generally holds true: Buy when others are fearful, and sell when other are greedy. Most people have the same psychology as you. They wait until the market is bottoming in a fearful capitulation before they finally sell near the bottom.

It's much better to sell into strength when the market is euphoric, then wait a couple weeks/months until sentiment has turned. Then, after the market stops buying and bagholders are jumping in front of one another to sell, you can be there to scoop up all the cheap coins.

This is the only way to handle a bull market IMO. You need to be buying the dips, not selling them.

 
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November 19, 2017, 10:59:05 PM
#35

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.

I do not think there's anything you need to regret because it's happened, and you do not have the confidence to invest in bitcoin, and whatever you decide is best for you, and let's just say it's a valuable lesson not to panic about doing things because often makes us regret later
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November 19, 2017, 11:04:25 PM
#36

That is the mistake an experienced trader might not do but you did it. You shouldn't have sold at that moment because it was only a rumour of bitcoin cash.
If you want to recover your loss and want to earn even more, you need to watch on market and buy when it falls down in value.
I hope bitcoin should again fall below $500, then it would be better to buy.
It is all done. Some of the traders commonly experienced that. Yeah, if their was high or low the trader are going to start feel doubt whether he sell it in high price because he has the fear of losing it again.
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November 19, 2017, 11:25:21 PM
#37

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.
This also happen to me when I am new on cryptocurrency ! I feel like when it started to go down a bit it will go down to the very end ! however traders don't think that way dont ever cashout unless you already gain an earning hold on to your coin and wait until it pump again
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November 19, 2017, 11:33:56 PM
#38

IF you are talking about trading, then there are three possibilities of when you should cash out.

1) If you made a profit. If you make a profit, then you can cash out and take your winnings. This is the best possibility.
2) If you need to stop your losses. Sometimes the market will go down and you will need to cashout to stop your losses. This is not optimal, but it happens to the best of us.
3) If you lost almost everything. Maybe you will lose everything. Then you will need to cashout your spare change in your account. But sometimes you won't have enough even to cover the fees to withdraw, so you would be left with nothing.
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November 19, 2017, 11:37:44 PM
#39

You can't go too far wrong with acting on the absolute opposite of the emotions you're feeling at the time. That's what successful traders do. If you're terrified and desperate to sell you should hit yourself and buy as much as possible. If you're euphoric and selecting Ferrari colours, hit yourself and sell.

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November 19, 2017, 11:46:56 PM
#40

You can't go too far wrong with acting on the absolute opposite of the emotions you're feeling at the time. That's what successful traders do. If you're terrified and desperate to sell you should hit yourself and buy as much as possible. If you're euphoric and selecting Ferrari colours, hit yourself and sell.

This is generally where I'm coming from. Buy when there is blood in the streets. Sell when everyone thinks they can buy lambos next week by holding a couple BTC. Smiley

One caveat: This applies to Bitcoin, and by now, it might even apply to Ethereum. But when it comes to most altcoins, you need to be very aware of the fundamentals. If the market drops 80% in an altcoin, you better be checking the ANN threads and finding out why.

If an altcoin market is that bloody, there are often major fundamental reasons why: devs exit scamming, protocol failure, etc. In that case, do not buy when there is blood in the streets. Tongue

 
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November 19, 2017, 11:52:35 PM
#41

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.
Whenever you cash out it depends on your own, if you already benefited from your trade, then you can cash out whenever you want. You are too quick to judge, you should be able to relax a little and not to fear and panic when a big dump occurs. investing in bitcoin is no doubt if you can be patient a bit. The bitcoin price will still go up and now you regret it.
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November 20, 2017, 12:38:46 AM
#42

Every time is the best time to cash out,
I actually choose to hold thing now.

It may grow higher
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November 20, 2017, 12:47:35 AM
#43

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.

Iíve made this mistake in the past. Sometimes you just have to invest and then not look at it for a few months. If you panic buy and panic sell youíre going to miss out on gains. Cryptocurrencies are high risk investments and there will be volatility so you need to invest money that you can be willing to lose if it goes bad. This will help you be able to buy and hold long term.

With Bitcoin, you are most likely going to make money if you buy and hold for a few years even if the price drops some during that period.

 
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November 20, 2017, 01:56:47 AM
#44

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.
Well i think you must find your purpose of trading or investment into bitcoin or alternative coins, are you doing trading for main source of income in bitcoin or it is just for passive income? Should you doing trading is just for passive income ( long term investment), it will makes your emotions in trading activity to be cool and it will not be nervous because of the fluctuation of price and you must use iddle money in trading activity, don't use margin trading from the exchangers.
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November 20, 2017, 03:12:05 AM
#45

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.

Seems you didn't trust bitcoin enough for converting too early. We all see bitcoin at its peak so nothing to worry about. Have patience and put your hopes into bitcoin. And I hope you've already learned your lesson.
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November 20, 2017, 03:22:39 AM
#46

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.
This also happen to me when I am new on cryptocurrency ! I feel like when it started to go down a bit it will go down to the very end ! however traders don't think that way dont ever cashout unless you already gain an earning hold on to your coin and wait until it pump again

New to bitcoin trading will face these kind emotions until they used to these high price fluctuations. Also, it is better to put some stop loss in all trading and if you reach that level then should sell and buy back later. But OP has waited for a long time buyback and prices already reached to 8000. Now you can do is don't buy all at once instead buy in smaller quantities then you will get a better average price per bitcoin.
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November 20, 2017, 03:30:27 AM
#47

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.

Typical newbie trader or hodler, always selling on lost. That is not how you do it. If you want tips, just do the opposite of what you did. Buy when the price is falling and the whole world is panicking, and sell when the price surges too high too fast and the world is buying. You should have a strong hand when you are losing, it is bitcoin you are trading. It always bounce back.

 
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November 20, 2017, 05:11:31 AM
#48

Today is the right time to cash out your money.

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November 20, 2017, 05:44:59 AM
#49

All the new comers do this mistake once in life at least. I personally made such a mistake when BTC price dropped from $6500 to $3000. I sold my coins on such a low price but beside regret I learned a lot. We saw a few drops after that but I never sell my BTC in a drop season. I always wait for my selling target and today is my day. Wink
No one can ever help you in it, learn to control your nerves and then everything will be fine believe me.    
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November 20, 2017, 06:24:43 AM
#50

Are you scare of bitcoin price, then cash out all because this world is not for you. Bitcoin will reach to 6 numbers price soon, why we should worry about that.
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November 20, 2017, 06:39:11 AM
#51

Are you scare of bitcoin price, then cash out all because this world is not for you. Bitcoin will reach to 6 numbers price soon, why we should worry about that.
I would not really say that. One thing I am sure of is that every single person always learn from their mistakes and no one is above it, most especially if you do not have proper knowledge about what you are getting into in the first place. Not everyone was patient enough to study bitcoin's trend before getting in and all they heard was bitcoin would increase without understanding how the volatility works. At a point, since they have refused to learn from other people's experience, then, they just have to learn from theirs which I believe the OP or those in his shoes will never make again.

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November 20, 2017, 06:48:27 AM
#52

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.
When a huge price drops happen and you are scared of losing you money that will cause you to panic and will decide to cut your loss. Honestly, you can't stop panic selling if you trade cryptocurrency with emotions. That's not the right thing to do, you should think of it as an opportunity to invest more in a discounted price as many as you can. If you want to know when is the right time to cash out, you should always look for latest news about Bitcoin and make your own analysis, if you think that the price of your chosen cryptocurrency will crash then sell it.
Thank you.
I'll make sure I am up to date with the bitcoin news and always analyse the current situation and would make a better decision from next time

You really need to cash out if there is a significant drop down of the Bitcoin price and in the news if there's a threat of Bitcoin starts losing major investors. However, you really need not to panic because as you can see Bitcoin is too big to fail and the price is keep on increasing. If you are not sure, just withdraw it and put it in your wallet for the mean time and observe the trend again and monitor. But for me, don't be afraid and look at the brighter side of trading Bitcoin.
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November 20, 2017, 06:56:36 AM
#53

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.



I think you are still new in the game. Experienced traders will buy a lot on that moment instead of selling and cashing out. If you want a long term result then lock it in a nano or trezor wallet instead of exchanges.
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November 20, 2017, 02:51:12 PM
#54

The price of bitcoin has entered an unstoppable uptrend and it is difficult to predict when it will stop. But it will never be a bad idea to eventually make some partial cash out because this market is so volatile that we have continually seen corrections that can make the price fall to 30% or more, ideal moments to buy.
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November 20, 2017, 03:37:35 PM
#55

You really need to cash out if there is a significant drop down of the Bitcoin price and in the news if there's a threat of Bitcoin starts losing major investors. However, you really need not to panic because as you can see Bitcoin is too big to fail and the price is keep on increasing.
First you say that people need to cash out their coins at the time the market drops significantly, which is similar to panic selling, and a horrible decision, and then you tell people not to panic directly after that. In other words, you tell people to exit the market when the price goes down, and then tell them not to do so. So what do you want people to do exactly? Roll Eyes If the market is dropping significantly, you're basically too late to dump, so the only thing that makes sense in a situation like that is to just keep holding, and/or to use the funds you have left to buy at discount levels, and thus lower your overall buying price. It's basic market logic, but yet people don't seem to understand it.

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November 20, 2017, 03:46:51 PM
#56

 the right time to cash out is when you have a good profit and have a enough balance to cycle. and when you really need the money that you want to cash out. be sure that before you cash out that you checked the inconfirmed transaction on blockchain.

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November 20, 2017, 03:50:10 PM
#57

There is no general right time when to cash out, there is unique case for every user depending if one needs the funds or not, has he invested in Bitcoin or earned it.
It's hard to calculate everything but it's important to avoid the loss at the moment you are cashing out but don't react on any price dump, that could end up realy bad. Remember there is a price pump after every dump and try to keep cool head.

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November 20, 2017, 06:00:46 PM
#58

In the business world you always have the right time to withdraw money when you have a good profit.

But Bitcoin has a bright future and can raise the value a lot.
Some economists say the value of it could reach $ 100,000 by 2020. If this is true you will have a lot more profit if you wait.

See what's best for you, but you better win than lose

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November 20, 2017, 06:03:55 PM
#59

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.

Patience is the most needed traits in trading. You need to have tons of it for you to be profitable here. I understand your frustration when Bitcoin price dropped to $6000. Every traders are experiencing the same thing. The moment that you panic is the moment that you'll lose.As for your question about when is the right time to cash out,it depends on your goal. If you are a short term trader, once you reached the desired profit, you can cash out immediately and if you are a long term trader, it depends on how many years you want to cash out your coins on a profitable price.

Great advice. It's a rollercoaster that always comes back up after the drop. Goals are the way to go. Cash out when YOU feel is best for your desire. Of course, there is always more money to be made.
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November 20, 2017, 07:46:17 PM
#60

If you have been holding on a coin and the coin make a new high in price, It is a strong indication that a dip or breathing is eminent,You can cash out at that time and wait for the next entrance point which will be when a new low is established.
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November 20, 2017, 10:47:30 PM
#61

In trading you HAVE to control ťmotions.. . Accept a little loss with stop loss orders but... Nevers do panic selling !

Just look at a chart in history, ... ThťrŤ is always a bounce back Smiley
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November 20, 2017, 11:13:05 PM
#62

A common newbie mistake, if you have entered in the crypto trading world you must have a plan for it and one of that plans is your exit strategy or your strategy when to sell your Bitcoin. By having an exit strategy you by now would have earned a lot more rather than lose something at the end. Setting up a target price when to sell is one of the best ways to have an exit strategy. A trader should not be to complacent about the prices as they will always be subject to change.

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November 20, 2017, 11:24:58 PM
#63

A common newbie mistake, if you have entered in the crypto trading world you must have a plan for it and one of that plans is your exit strategy or your strategy when to sell your Bitcoin. By having an exit strategy you by now would have earned a lot more rather than lose something at the end. Setting up a target price when to sell is one of the best ways to have an exit strategy. A trader should not be to complacent about the prices as they will always be subject to change.

Good point. entry/exit strategy should be laid out before you buy a certain coin. So that you will not get burnt and you when to exit. Because if you don't have a exit strategy you might lose a few indeed of gaining a lot. I also experienced this before and I was thinking what am I doing wrong. So I read a lot of strategy and I found out that you should also define you exit strategy.
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November 21, 2017, 12:57:02 AM
#64

That is clear mistake because you were afraid to losing your bitcoin. Being trading is very risky. why you do not think it's a good opportunity when the value price become low, because you can buy bitcoin at low price then you just have to wait to increase the bitcoin's value price so you can sell it at high value.l, so you can earn some bitcoin.
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November 21, 2017, 12:17:40 PM
#65

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.
It is just painful that most of you do not get to ask questions first before making such decisions and when you have panicked and made the wrong decision finish, you then end up dropping your regrets on the forum.

Moreover, you are member and you should have spent a lot of time already on this forum to have been able to understand that bitcoin is volatile and if you had follow the trend for a while, you should have noticed this is a normal trend. However, I believe you have learnt your lessons now.

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November 21, 2017, 05:29:46 PM
#66

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.

That is quite normal for a newbie (new to trading ) to panic and sell the coin. but I would like to suggest never sell your coin in panic specially BITCOIN. If it is altcoin I can understand selling at a meagre loss of 10-15% but never sell your bitcoin. do your research and at least try to stay in your trade for mid to long-term period. otherwise, you will lose money in future too.
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November 21, 2017, 05:37:08 PM
#67

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.

That is quite normal for a newbie (new to trading ) to panic and sell the coin. but I would like to suggest never sell your coin in panic specially BITCOIN. If it is altcoin I can understand selling at a meagre loss of 10-15% but never sell your bitcoin. do your research and at least try to stay in your trade for mid to long-term period. otherwise, you will lose money in future too.
I would say even on altcoins panic selling wont really be always a good step for you to made since some of them do really still acts like bitcoin when it comes to price movement and recovery later on when theres a sudden price decrease but this thing would only be possible on some alts which not all do have these kind of traits. Cashouting on the right time is a tough job but rest assured or having a secure profit taking always reap out above on your purchased price.

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November 21, 2017, 05:46:56 PM
#68

I think the right time to cash out is only when you need the money. If you are running low on cash while the price of bitcoin is down, you make the withdraw. But if you don't need much cash on you and the price is falling, you should not withdraw money. So, use your bitcoin, money and time according to your needs, not your fear or technical lose or your prediction (even if it's good).
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November 22, 2017, 03:37:04 AM
#69

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.

Well you have learn your lessons in the hard way. Don't listen to FUD and they even bother to touch your bitcoins. Although its just normal to be afraid and nervous, but you have to think it in longer terms.

Now you are regretting your decisions, but later when you are in the market for long you will understand what we always says that its better to hodl your bitcoin for longer term and just be cool and don't be worried if the price falls back because bitcoin has already show us that is has the ability to recover. What you experience is panic selling dude.

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November 22, 2017, 03:58:11 AM
#70

If you feel you already have profits or you need money in real life. Just like me, when I already have profits even in small amount, I can cash out anytime, because I did trading to earn not to loss, even in small amount I can earn.

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November 22, 2017, 04:25:48 AM
#71

Every time is the best time to cash out,
I actually choose to hold thing now.

It may grow higher
Every time is not the best time to cash out, most especially when you are referring to the state of panic. A lot of people have made this mistake so many times and that is because they never understood what they were getting into before even getting into it.

You can cash out if you need it for something you need to do, but when it comes to trading, you should never panic in situations like a deep correction, knowing so well that it would come back right up.
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November 22, 2017, 04:28:13 AM
#72

You're so scare about Bitcoin mean you have no trust in Bitcoin at all. I know the price of Bitcoin is very volitale but things are going with the posivite way not negative way .

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November 22, 2017, 04:34:32 AM
#73

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.

You panic sell because of the bitcoin cash rumor. I believe many of you sold it when the price is going down and some even bought more bitcoin cash watching it later go down in price. I saw someone post having 12 bitcoin and end up having 4 bitcoin left because of the bitcoin cash trade.  It happen to bitcoin many times, when there are rumors and bitcoin is going down, many are panic selling seeing the red candle becoming longer. If you decided to invest in bitcoin for the long term, you should just hold it and wait for the price to go back up. I believe you have learned from this experience and you would be a better trader the next time bitcoin price decrease again.

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November 22, 2017, 04:38:15 AM
#74

If you feel you already have profits or you need money in real life. Just like me, when I already have profits even in small amount, I can cash out anytime, because I did trading to earn not to loss, even in small amount I can earn.
Agree with you, it depends on the current value of bitcoin based on the time of your investment and also if you really needs money it was ok to withdraw your bitcoin that is why it is depending on the situation of the owner of bitcoin.
Me i always withdraw my bitcoin regardless the value of bitcoin because my salary is not enough to sustain the needs of my family and bitcoin is the source of income which helps me to increase my revenue and by this i am not only able to provide the needs of my family of course bitcoin gives me savings for our future expenses.
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November 22, 2017, 05:33:35 AM
#75

This is the common mistake for doing all peoples on their beginning stage. There is no matter to panic. It depends on you are a short term trader or a long term trader. You should watch the bitcoin value on everyday and when it becomes high you can trade it. 

 
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November 22, 2017, 06:04:58 AM
#76

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.
For bitcoin I do not think we can determine when to sell it. This is a difficult question and can not be answered.
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November 22, 2017, 07:33:32 AM
#77

Unless you need cash for your own work, dont withdraw it now. Hodling BTC is always the right way to get money
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November 22, 2017, 08:39:03 AM
#78

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.

You don't have to be nervous whenever you see the price of bitcoin dropping. That's a normal thing in crypto and by knowing that it's usually happening it won't push you to withdraw all of your coins.

And now you have missed a lot of chance to pursue more and since you had cut your losses the only thing that you have to do to get back is to buy again.

But you have to buy at higher price now and if you know when is the right time to cash out is if you do have to use it somewhere important or you are in dire need of cash.

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November 22, 2017, 08:54:04 AM
#79

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.
For bitcoin I do not think we can determine when to sell it. This is a difficult question and can not be answered.
I would not say we cannot determine when to sell, as that decision is based on each and every individual. I trade and I know when to sell and when to buy and when to get back in or cut losses. It is a normal turn of event and you can make that decision only by yourself. Moreover, it is not everyone that is into the HODL thing, and if I need cash, I can sell at any point. However, selling as a result of panic is something a reasonable person should not do as long as they understand that Bitcoin is volatile but you get to experience the best of it if you are patient enough.
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November 22, 2017, 09:08:42 AM
#80

Unless you need cash for your own work, dont withdraw it now. Hodling BTC is always the right way to get money
Yes holding bitcoin is the right and easiest way to earn money because it gives us a chance to earn a profit while holding it and in terms of cashing out we should spend more time for it because the price of bitcoin is continuously rising even sometimes it goes down on which is the right time to buy and not to sell it.

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November 22, 2017, 09:30:06 AM
#81

You're so scare about Bitcoin mean you have no trust in Bitcoin at all. I know the price of Bitcoin is very volitale but things are going with the posivite way not negative way .

He's only a beginner here and still didn't see how bitcoin's movement. For us that been here for years we see bitcoin at its lowest at the same time at its peak and we fully trust bitcoin. Just hope  OP learned his lesson and believes that bitcoin has its own way for us to amaze every single day. And bitcoin being volatile is somehow a blessing in this guise.

Happy Coding Life Smiley
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November 22, 2017, 09:34:06 AM
#82

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.
It is just painful that most of you do not get to ask questions first before making such decisions and when you have panicked and made the wrong decision finish, you then end up dropping your regrets on the forum.

Moreover, you are member and you should have spent a lot of time already on this forum to have been able to understand that bitcoin is volatile and if you had follow the trend for a while, you should have noticed this is a normal trend. However, I believe you have learnt your lessons now.

I couldn't agree more, you can turn your mistakes to a valuable lesson! "Buy low, Sell high" is much more complicated than it sounds Wink
Hopefully you have learned now, and have a more proper approach when things gets crazy on the market.
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November 22, 2017, 09:46:48 AM
#83

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.
It is just painful that most of you do not get to ask questions first before making such decisions and when you have panicked and made the wrong decision finish, you then end up dropping your regrets on the forum.

Moreover, you are member and you should have spent a lot of time already on this forum to have been able to understand that bitcoin is volatile and if you had follow the trend for a while, you should have noticed this is a normal trend. However, I believe you have learnt your lessons now.

I couldn't agree more, you can turn your mistakes to a valuable lesson! "Buy low, Sell high" is much more complicated than it sounds Wink
Hopefully you have learned now, and have a more proper approach when things gets crazy on the market.
Every mistake is taking a lesson to a good trader that always think after this mistake he might do some for it to be not happen. Everyone has it own decision whether they make some way how to avoid or just take it more seriously that you are soft harted.
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November 22, 2017, 10:29:31 AM
#84

You're so scare about Bitcoin mean you have no trust in Bitcoin at all. I know the price of Bitcoin is very volitale but things are going with the posivite way not negative way .

He's only a beginner here and still didn't see how bitcoin's movement. For us that been here for years we see bitcoin at its lowest at the same time at its peak and we fully trust bitcoin. Just hope  OP learned his lesson and believes that bitcoin has its own way for us to amaze every single day. And bitcoin being volatile is somehow a blessing in this guise.
Starting a journey in bitcoin is hard especially to anew trader. It take risks and responsibility to deal with it so we must equipped with knowledge and some sort of background regarding of trading so we can apply it to our trading here in bitcoin. And if were already earning a single crypto it is also hard yo find out when were gonna cash it out. Well in my case I used to cash out when I'm totally in need.
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November 22, 2017, 10:34:50 AM
#85

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.
if you want to widraw your money to fiat my suggestions is to sell when BITCOIN is in all time high that is the right time to sell wait again for the price lower then buy back.
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November 22, 2017, 10:36:20 AM
#86

You're so scare about Bitcoin mean you have no trust in Bitcoin at all. I know the price of Bitcoin is very volitale but things are going with the posivite way not negative way .

He's only a beginner here and still didn't see how bitcoin's movement. For us that been here for years we see bitcoin at its lowest at the same time at its peak and we fully trust bitcoin. Just hope  OP learned his lesson and believes that bitcoin has its own way for us to amaze every single day. And bitcoin being volatile is somehow a blessing in this guise.
Starting a journey in bitcoin is hard especially to anew trader. It take risks and responsibility to deal with it so we must equipped with knowledge and some sort of background regarding of trading so we can apply it to our trading here in bitcoin. And if were already earning a single crypto it is also hard yo find out when were gonna cash it out. Well in my case I used to cash out when I'm totally in need.
Well I guess no one couldn't tell when is the right time to cash out. I guess no one couldn't tell what will gonna happen to the market of bitcoin on that particular time and day. I encountered that some of my fellow user of bitcoin used to invest its earned crypto and used to cash out when he feels that the selling price of coin is high enough.

 
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November 22, 2017, 10:45:49 AM
#87

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.
if you want to widraw your money to fiat my suggestions is to sell when BITCOIN is in all time high that is the right time to sell wait again for the price lower then buy back.
Well I think being lose some of our money or some of our earned profit is not avoidable when it comes to trading or even converting it into fiat. And if you wish to convert it already then of course you must check the exchange rate of your crypto in the market value so that even lose or failures is cannot be avoided at least it woudn't big.

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November 22, 2017, 11:00:50 AM
#88

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.
It is just painful that most of you do not get to ask questions first before making such decisions and when you have panicked and made the wrong decision finish, you then end up dropping your regrets on the forum.

Moreover, you are member and you should have spent a lot of time already on this forum to have been able to understand that bitcoin is volatile and if you had follow the trend for a while, you should have noticed this is a normal trend. However, I believe you have learnt your lessons now.

I couldn't agree more, you can turn your mistakes to a valuable lesson! "Buy low, Sell high" is much more complicated than it sounds Wink
Hopefully you have learned now, and have a more proper approach when things gets crazy on the market.

Yeah, that old mantra has been heard numerous times here, "Buy low, Sell high", but its easier said than done. How many of us is like the OP in the beginning? I guess almost all of us.

One thing though is that as you go on your journey you will really learn a lot of lessons a long the way, some may struck you and it will even guide you to make proper decisions in the future. Just don't give up don't be emotional and you will be fine as you mature in the crypto trading or investing.

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November 22, 2017, 11:03:24 AM
#89

You're so scare about Bitcoin mean you have no trust in Bitcoin at all. I know the price of Bitcoin is very volitale but things are going with the posivite way not negative way .

He's only a beginner here and still didn't see how bitcoin's movement. For us that been here for years we see bitcoin at its lowest at the same time at its peak and we fully trust bitcoin. Just hope  OP learned his lesson and believes that bitcoin has its own way for us to amaze every single day. And bitcoin being volatile is somehow a blessing in this guise.
When did you start with trading bitcoin? I start few month ago and see that bitcoin x2 the price, i fully beleive in bitcoin. But do you believe in some altcoins? i see some have good technology, ideas...

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November 22, 2017, 11:11:49 AM
#90

Give yourself a target and sell it at that target, don't be greedy, more and more greedy will kill you because you don't have a stop point.

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November 22, 2017, 03:17:16 PM
#91

Well many people who are new to bitcoins or crypto market always tends to panic when bitcoins starts to fall and when it falls too down then bitcoin holder panic and cash out their bitcoins to reduce their loss but usually regret later when the price recover.Right time to cash out is when you really needed or you have made lots of profit as bitcoins will mostly always recover from the drop so holding is the best thing.
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November 22, 2017, 03:37:31 PM
#92

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.

That fine, nothing to worry about it, just stay calm and see again your " stop loss ". If the price reach stop loss you have to cut loss and start again from beginning. But the problem if you don't have it ( stop loss ), worry and panic will become your. Simple thing you can do is close your laptop an d leave it, is more easier for us. Besides that, you need to learn again about the risk. If you don't know or don't want to know, just leave and never come back again. You can cash out any time you want but must profit ( only profit ) not the main fund. Good luck to you.

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November 22, 2017, 04:10:09 PM
#93

You need to have a proper target and a classification on the coins you hold (long vs short term) as no one really knows when the market will dip and get back up. For short term trading, a hefty 10-20% profit in a span of a few hours trade is a very good deal, anything above that is greed and can cost you to lose money, go below that and you will get dust amounts of profit. For long term coins, you can go on a "to the moon" mindset, may it be 100% or 1000% as you decided to hold it for a very long time due to its fundamentals. But it's essential to do your deep research if ever you hold a coin long term as you might be holding a project that would have no value later.

One coin I can suggest you to take a look at for long term is DeepOnion. It has a strong fundamentals with mods and devs working hard to make the core of the project as solid as possible. Their community is growing larger each day, with around 5k + members as we speak right now. It's on an early stage of development so new features are still coming in, but from they have right now, it's really a promising project in that sens. DeepVault (sort of a crypto hashing service), POS/POW hybrid and their game changing feature that's soon to go out, DeepSend. You can see more details about it in their official website: https://deeponion.org

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November 22, 2017, 04:22:42 PM
#94

If you are not sure, always only cash out a smaller amount instead of the whole chunk of your investment.
Do it slowly over time / the top.
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November 22, 2017, 04:50:06 PM
#95

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.

That fine, nothing to worry about it, just stay calm and see again your " stop loss ". If the price reach stop loss you have to cut loss and start again from beginning. But the problem if you don't have it ( stop loss ), worry and panic will become your. Simple thing you can do is close your laptop an d leave it, is more easier for us. Besides that, you need to learn again about the risk. If you don't know or don't want to know, just leave and never come back again. You can cash out any time you want but must profit ( only profit ) not the main fund. Good luck to you.

when the price is dropping like a hell of course the investors will get nervous especially new people this is common. here patience is very important don't get panic any sudden changes happen in price wait for sometime it will recover.

one more thing if you sell more than 0.1 BTC then it will affect to your profit.
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November 22, 2017, 06:16:43 PM
#96

I would also recommend you to split the funds when taking decisions like this. And yes, the price is not the only one factor that matters

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November 22, 2017, 06:25:21 PM
#97

There is no right time ! Ffs you should think before asking this . You very well know that there is no stopping to the increasing prices of Bitcoin. So no matter at what time you cash out you'll regret it after some time. So it's better to cash out when you actually need it or if there is some emergency .
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November 22, 2017, 06:37:10 PM
Last edit: November 25, 2017, 11:32:13 AM by bitcad4u
#98

There is no right time ! Ffs you should think before asking this . You very well know that there is no stopping to the increasing prices of Bitcoin. So no matter at what time you cash out you'll regret it after some time. So it's better to cash out when you actually need it or if there is some emergency .



There is right time to buy a bitcoin because there is good price in all over the world ,at buying and  selling time only we cash out to bitcoin and price of bitcoin are also very high and it goes in future very high value and invester get much profit so they can cash out at anytime when the price is high.
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November 22, 2017, 07:06:11 PM
#99

It's up to you if you think the price of the bitcoin is enough to you , you can sell it so you can make profit. Because once bitcoin decrease you lose some profit. But be careful because they have possible the price increase also and if you sell your bitcoin and once increase you lose some profit too. But if you are undecided I suggest sell your bitcoin and other will be hold to make sure.
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November 22, 2017, 07:42:32 PM
#100

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.

Itnis totally up to you my friend because the lrice of the bitcoins are high with $8000 if you sell it right now, you will get a big profit compared before. But my afvice is if you do not have something to buy and spend your money in, probably just patiently hpld your bitcoins for a while just have a courage to hold your bitcoins for at least a year. But if you really need a money if the price is right you can sell it right away no lose for you.
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November 22, 2017, 08:41:55 PM
#101

You were worried because you thought that price will drop more and that's why you sold your coins and I think it was natural.Not only you,many people sold there coins because no one  was expecting such a lift in the price.When the price start dropping you should not immediately sell your coins ,you should wait at least for 1 or 2 days to analyze what will happen to the price next and then you should sell according to the situation.

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November 22, 2017, 08:48:51 PM
#102

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.
Op, selling at loss as a result of panic is the most dangerous decision for one to have make when it come to crypto currency trading. For you to over come te fear of losing your capital in Bitcoin what you need do is develop a positive mind and believe that Bitcoin market value will continue to increase day after day and not minding correction period which I believe is normal.

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November 22, 2017, 08:51:39 PM
#103

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.

You czn cash out out anytime but to be able to get a profit you should cash out your bitcoin when it is in the highest price.

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November 22, 2017, 09:00:29 PM
#104

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.
Op, the right time to cash out depends on your point of entry as to whether you have meet up your take profit or not.

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November 23, 2017, 05:05:54 AM
Last edit: November 23, 2017, 08:14:02 AM by theeelmusical
#105

I think it's up to you. The right time to cash out depends on your decisions. If you think the price of the Bitcoin is enough for you to cash out then go for it.On the other hand, follow your instinct, if you think that price will be the highest price at that point and the price may be fluctuate somehow after that highest point, then follow your instinct. Just make sure to cash out a right amount of Bitcoin and be positive.
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November 23, 2017, 05:16:21 AM
#106

You have setup a specific time and value for investment because for every thing there is break even point. So you have to set some limits for cashing out your investment.

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November 23, 2017, 05:59:56 AM
#107

You can't go too far wrong with acting on the absolute opposite of the emotions you're feeling at the time. That's what successful traders do. If you're terrified and desperate to sell you should hit yourself and buy as much as possible. If you're euphoric and selecting Ferrari colours, hit yourself and sell.

This is generally where I'm coming from. Buy when there is blood in the streets. Sell when everyone thinks they can buy lambos next week by holding a couple BTC. Smiley

One caveat: This applies to Bitcoin, and by now, it might even apply to Ethereum. But when it comes to most altcoins, you need to be very aware of the fundamentals. If the market drops 80% in an altcoin, you better be checking the ANN threads and finding out why.

If an altcoin market is that bloody, there are often major fundamental reasons why: devs exit scamming, protocol failure, etc. In that case, do not buy when there is blood in the streets. Tongue
Quite an analogy, but the question is still unanswered; how do we know when there is a blood in the street? In my opinion we have to admit that there is no golden rule which need to be followed but we must contextualize every  trade. But there are some general things also like risk reward ratio and knowledge of fundamentals. So as per my limited knowledge and perception bitcoin is settling in present price range, which is prerequisite for steep rise.
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November 23, 2017, 06:51:14 AM
#108

The right time to cash out your digital money is when you need it. Those people who are unemployed they have only one source of money they always withdraw their amount into cash while those people who are doing jobs they keep their bitcoin in their wallet for getting some profit. They are sometime withdraw their amount into cash.

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November 23, 2017, 02:52:02 PM
#109

You're so scare about Bitcoin mean you have no trust in Bitcoin at all. I know the price of Bitcoin is very volitale but things are going with the posivite way not negative way .

He's only a beginner here and still didn't see how bitcoin's movement. For us that been here for years we see bitcoin at its lowest at the same time at its peak and we fully trust bitcoin. Just hope  OP learned his lesson and believes that bitcoin has its own way for us to amaze every single day. And bitcoin being volatile is somehow a blessing in this guise.
Itís simply heís fault and I donít see any advice to give him on this issue. You canít tell him to wait for Bitcoin price to fall, because as Iím seeing it, I donít even think that Bitcoin will ever fall in price, the price rate is likely to be making continuous rising.

I remember when BTC price rate was at $4500 and some guys were saying they will wait for it to drop back to $2000 or $3000 and then they will invest, but that didnít happen, they never got the chance to, rather the price of BTC kept on increasing and now is at $8000+. Best thing now is to invest at this rate of $8000 and wait for price to go up to $10,000 and you will then benefit from it. Simple!
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November 23, 2017, 03:03:58 PM
#110

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.

Every trader experienced it at least once. Truth is there is no telling when is the best time to cash out. My advice is learn from your mistakes.

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November 23, 2017, 03:42:33 PM
#111

Nobody can expect when the prices will drop. You should fix your goal and and sell only when you reach it.
Usually, the greed can cause a great loss.

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November 23, 2017, 04:04:27 PM
#112

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.

Did you sell your Bitcoin? Hope you didn't because it really reached $8000+ now LOL.

The right time to cash out is when you feel satisfied with that amount. Don't be greedy, don't try to call the top. Cash it out when you want to cash it outówhen you feel comfortable to cash out.

I personally wouldn't do it now. $8000 is still far from my valuation of Bitcoin. Did you realize that Bitcoin market cap is nowhere near golds? Currently only 1/70 of gold market cap. I know that comparing Bitcoin to gold, or saying that Bitcoin is the next-gen gold might sound crazy to people. But hey if we only go "only" 10x from now, we're at $100,000 already! Surely wasn't a bad price at all.

 
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November 23, 2017, 05:17:19 PM
#113

Best time to cash out is when the price of your coin is at all time high because after this it will surely dump. That what happens to bitcoin, due to its volatily, it is easily affected by activities in the market that causes its price to rapidly increase and decrease afterwards.

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November 23, 2017, 05:49:51 PM
#114

You're so scare about Bitcoin mean you have no trust in Bitcoin at all. I know the price of Bitcoin is very volitale but things are going with the posivite way not negative way .

He's only a beginner here and still didn't see how bitcoin's movement. For us that been here for years we see bitcoin at its lowest at the same time at its peak and we fully trust bitcoin. Just hope  OP learned his lesson and believes that bitcoin has its own way for us to amaze every single day. And bitcoin being volatile is somehow a blessing in this guise.
Itís simply heís fault and I donít see any advice to give him on this issue. You canít tell him to wait for Bitcoin price to fall, because as Iím seeing it, I donít even think that Bitcoin will ever fall in price, the price rate is likely to be making continuous rising.

I remember when BTC price rate was at $4500 and some guys were saying they will wait for it to drop back to $2000 or $3000 and then they will invest, but that didnít happen, they never got the chance to, rather the price of BTC kept on increasing and now is at $8000+. Best thing now is to invest at this rate of $8000 and wait for price to go up to $10,000 and you will then benefit from it. Simple!

so this is the scenario were you dont have to be more greedy or i can say if there is a chance then you may grab it because we are freely to speculate if this may happen but you are not able to be true all of your speculation so if you are able to take that chances then take for it.
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November 23, 2017, 06:16:24 PM
#115

I think with Bitcoin, you can withdraw whenever you want. Unless you have a important work, you should not withdraw money.

Someone used my Account for 3 Month, why would someone do this?
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November 23, 2017, 06:54:45 PM
#116

I think with Bitcoin, you can withdraw whenever you want. Unless you have a important work, you should not withdraw money.

Yes that is true.
Just dont back at the price.
If we need the money then why not, specially with emergencies.
I find it easier if I dont withdraw it all. Just a little part of the bitcoin I have earned so that I can still feel the increase in price every time bitcoin is pumping up. Just dont do it because of panics.

 
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November 23, 2017, 07:04:25 PM
#117

You were worried because you thought that price will drop more and that's why you sold your coins and I think it was natural.Not only you,many people sold there coins because no one  was expecting such a lift in the price.When the price start dropping you should not immediately sell your coins ,you should wait at least for 1 or 2 days to analyze what will happen to the price next and then you should sell according to the situation.

Yeah, this is typical panic. That's why newbies shouldn't trade with large amounts even if it is tempting as they can earn more this way. It is quite sad to be honest as everyone mentions same rule, to never sell when price is dropping and just stay calm instead of panicking, sad that newbies never listen to these advises.
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November 24, 2017, 06:37:58 AM
#118

That is clear mistake because you were afraid to losing your bitcoin. Being trading is very risky. why you do not think it's a good opportunity when the value price become low, because you can buy bitcoin at low price then you just have to wait to increase the bitcoin's value price so you can sell it at high value.l, so you can earn some bitcoin.
That is a mistake most people after not doing their research will just have to learn the hard way at some point.

Rather than looking at the positive side of things, most of the newbies in the system always end up looking at the negative side and then they end up panicking instead of making the best move of their life to buy at a low value and even make more profit.

Well, it is one thing to make a mistake once, but only a fool will make the same mistake twice which is why the weak hands will have to get strong when the lessons have been learned.

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November 24, 2017, 01:54:06 PM
#119

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.

That is quite normal for a newbie (new to trading ) to panic and sell the coin. but I would like to suggest never sell your coin in panic specially BITCOIN. If it is altcoin I can understand selling at a meagre loss of 10-15% but never sell your bitcoin. do your research and at least try to stay in your trade for mid to long-term period. otherwise, you will lose money in future too.
I would say even on altcoins panic selling wont really be always a good step for you to made since some of them do really still acts like bitcoin when it comes to price movement and recovery later on when theres a sudden price decrease but this thing would only be possible on some alts which not all do have these kind of traits. Cashouting on the right time is a tough job but rest assured or having a secure profit taking always reap out above on your purchased price.
The reason why most people panic really is because they do not even know the right decisions to make and if they have been very conversant with how trading works, I am sure no one even will panic with altcoin trading, let alone bitcoin trading.

Personally, I always set a stop loss for alts anyway as I believe anything that would make them go past that, I am getting at a better value. Bitcoin however, in cases of huge correction gives one an opportunity to buy low to make some good profit and I wonder why some people don't see that and ends up doing otherwise.
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November 24, 2017, 02:56:05 PM
#120

I am still learning to overcome nervous when making a wrong decision in trading, because I think loss and profit in trading depends on ourselves. the most important not to panic easy to sell if you experience a loss, must always think positive and stay calm, so no one in taking the decision to sell or buy

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November 24, 2017, 03:06:13 PM
#121

You were worried because you thought that price will drop more and that's why you sold your coins and I think it was natural.Not only you,many people sold there coins because no one  was expecting such a lift in the price.When the price start dropping you should not immediately sell your coins ,you should wait at least for 1 or 2 days to analyze what will happen to the price next and then you should sell according to the situation.

Yeah, this is typical panic. That's why newbies shouldn't trade with large amounts even if it is tempting as they can earn more this way. It is quite sad to be honest as everyone mentions same rule, to never sell when price is dropping and just stay calm instead of panicking, sad that newbies never listen to these advises.

even we also try any new thing by investing our money and suddenly if it's giving loss we will withdraw our money. We don't listen to others suggestion because after losing money nobody will come and give. But once you get experience in this field you will not do any panic sell/buy.
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November 24, 2017, 03:24:11 PM
#122

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.
Cashout when the price is the high buy when price low but its trouble to understanding.We need research and trading knowledge for find out when buy or sell and update yourself daily market news or trend
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November 24, 2017, 03:30:26 PM
#123

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.

You can never know this. One time quit plan doesn't work for bitcoin and other coins. If you will quit, you may not be able to get back to them once again. If you will quit only temporarily, then how will you get back if you can't grab cheaper prices?

Hard task that I won't attempt ever.
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November 24, 2017, 03:42:39 PM
#124

Some characteristics of the Trend Reversal:
  • Volume traded reduces
  • Price fluctuations reduces i.e. stability in the prices
  • Volatility reduces compare to previous levels

Check for the Market Sentiment at this point and carefully choose the trend. Close the old positions and choose the new positions.

I am sorry for my wrong doings.

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matchi2011
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November 24, 2017, 04:04:02 PM
#125

I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.
Cashout when the price is the high buy when price low but its trouble to understanding.We need research and trading knowledge for find out when buy or sell and update yourself daily market news or trend

What happened is a common mistake for new traders. Its bitcoin. Whenever the price drops, don't think about losses. Think about profit and consider it a good time to buy. Bitcoin has a history of bouncing back really strong after a dip and with how popular and in demand bitcoin is today, a dip will not mean a crash. Its a precursor to another all time high