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Author Topic: what is the right time to cash out?  (Read 3877 times)
bitcoinmasterlord
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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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A.H.Rassel
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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
Proximity Scan
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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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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

 
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Vannie12
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November 25, 2017, 05:05:19 AM
 #126

There is no right time to cash out because fortunately bitcoins are continuously increasing and I know it's the right time to hold more than cash out.
But if you really needed the money then cash out when prices are high. But I prefer not cashing it all out.
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November 25, 2017, 07:19:56 AM
Last edit: November 25, 2017, 08:56:54 AM by treather
 #127

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 don't think there is a right or wrong time to cashout/sell/dump your bitcoin. It all depends on your panic threshold. This is why most people advice you to invest only what you can afford to lose. When you do this, anytime the price goes against you, you are calm because you can handle any potential loss.

xuan87
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November 25, 2017, 07:44:44 AM
 #128

If you already got profit then nothing to be regret, it's not that simple to know the best time to cash out, it need a high deep analysis and lot of experience, and no need to regret to lose money, it's the trading risk, learn more then you will decrease the risk of losing money, but one of the advice if you are holding bitcoin, just hold until you really need the money because bitcoin tend to go up, so no need to worry


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magmar
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November 25, 2017, 08:08:35 AM
 #129

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 you needed too because if you have a lot of money in your hand why cashed it all iut if you can just hold it for the mean time and let your money grow because bitcoins and all the other cryptos also grow. Me personally I used to cash out when the price is high of course no one wants to cut off theur loss if and only if they really needes the money which is I also encountered that. Because if you really needed the money whatever the price it is you will cash it our not unless you have an extra money. So probably gain more than spend more.
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November 25, 2017, 08:13:20 AM
 #130

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.

how much do you buy? if you can buy at $5500 then although its down to $6000 then you still have make profit for $500 but if you bought bitcoin at more than $6000 then the only thing that you can do is waiting until the price is increase back but you have another opportunity to buy bitcoin at lower price. i think you don't have to afraid if the price is down because the price will be increase again and nothing you can do except waiting.
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November 25, 2017, 08:14:11 AM
 #131

You should withdraw when you get enough your target profit or nearly. Discipline is important in trading. Dont greedy

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November 25, 2017, 08:22:04 AM
 #132

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.

Its normal that you have scare because the value of your invesment decrease.
One thing that can tell you is your experience.
Experienced trader normally more calm facing that situation.
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November 25, 2017, 08:28:26 AM
 #133

You should withdraw when you get enough your target profit or nearly. Discipline is important in trading. Dont greedy
Yes withdraw when already earning profit, and most traders got lose during trading because of panic. Selling when in panic will lose all your money. So it best control the emotions it will help you to analyze the market.
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November 25, 2017, 12:10:38 PM
 #134

hmm i see more problem like you feel right now..
loss more because can't patient when trading , as a result more people loss more bitcoin or ethereum
and feel dissapointed.. why other people doing again and again ?
in trading , you can't take fast profit.. 100% can't i'm sure
and as answer your question , right time to cash out is when you can take 30-40% profit and cash out just your profit.. not your capital
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November 25, 2017, 12:31:51 PM
 #135

That is personal for every individual. For some one was few month ago for some is now and other will wait little longer to cash out.
Think that maybe better question is when do we want to cash out, now when price is going up or in few month or years when price start to go down.



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November 25, 2017, 01:20:59 PM
 #136

You should withdraw when you get enough your target profit or nearly. Discipline is important in trading. Dont greedy
Yes withdraw when already earning profit, and most traders got lose during trading because of panic. Selling when in panic will lose all your money. So it best control the emotions it will help you to analyze the market.
That is what we should do to avoid losses, if there is any profit then we should withdraw because if we will not withdraw then we might regret it because the profit can be turned into loss and that is the worst case of investing or even trading is to get some losses so as long as you can just withdraw when there is a profit.

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November 25, 2017, 01:41:17 PM
 #137

In the turbulent market like Cryoto, I think you should keep your capital, so if you have more than 10% interest, think about taking profits. I have set goals too high so that I can not sell and then cut off my coin. Get experience for yourself.
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November 25, 2017, 01:49:19 PM
 #138

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.
I must say you have to work on your basics. There must be a lesson in trading courses that are online that you have to digest some factors that will be coming in front of you again and again and you know “dealing with risks” must be on top. You must appreciate and swallow this fact while taking a start in trading. Then I believe you wouldn’t be hesitating while making any trade in your life.













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raven7886
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November 25, 2017, 02:45:21 PM
 #139

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 .
Trust is the major issue of so many and that can only be built in any investment if you understand what you are into, you are well informed and then you believe that no matter what you are going to get the best of it in the long run.
Even though, a lot of people came into the scene believing that bitcoin is like a get rich quick Ponzi scheme and you are going to increase your funds later on, which is why they panic when they see something else happening to their funds.
waqasniaz007
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November 25, 2017, 02:53:27 PM
 #140

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 is not your fault everyone in this market is nervous all the time in case of trading. Choose best strategy and withraw only 10 to 20 % capital from your profit to rebuy again on dip. Hold 40% btc, 30% Altcoins and 30% USD. Because people sell alot with panic if thier is bad news.
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