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Author Topic: what is the right time to cash out?  (Read 3877 times)
guoyu78
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November 30, 2017, 12:26:32 PM
 #181

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
This is the worst thing because a lot of the people are making the bitcoin trading just in the wrong way because the bitcoin trading is the only thing it needs a lot of the experience and the proper investment if you are not able to invest in the bitcoin then the only thing that will give you the profit is the bitcoin signature campaign so the bitcoin is high in the value it Is good to buy the bitcoin if you will invest you will hold the bitcoin.
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di.ako.toh
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November 30, 2017, 01:03:33 PM
 #182

Investments is your risk at all, then doing cash out anytime is up to you. We all know Bitcoin is not in a steady path, it may goes up then suddenly down, but recently this past few days, it gradually increases. Then asking the right time, it is a must because you need it for you to cash out, also when price is up, its a good thing but if it deeply lower, its not advisable, you' ll be at lost.

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November 30, 2017, 01:48:53 PM
 #183

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.

Controlling your emotions is the key and do not panic Bitcoins value is getting stronger and it is the most promising coin even if the price falls down it would recover eventually so you should be used to it on the movement of market. If you think you have already gained you can sell it right but it is best if you set a target percentage or goal on when you will sell your bitcoin so that you will not be disappointed.
That is one thing that can never be done for someone who does not have adequate knowledge of their investment. It is actually a very easy thing to say to people to not panic but as long as they are not aware of some of the things that can happen anytime which also includes the risk, it would be like you were trying to deceive them one those times come unless you sound convincing enough. My point is, selling is not the issue, but selling for the wrong reasons is the main thing anyone should not fall for as a result of emotion or panic.
When price cross the previous record sell then otherwise holding more in that time will lead you to the more wait and I have been through that many time because greed is not good when your aim struck simply cash out no need to wait for the more profit because people sell their coin faster and this create and see the price daily to make a mind set to sell at the particular time this will help you in trading to earn good.

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November 30, 2017, 01:57:30 PM
 #184

My cashout indicator is Jamie Dimon of JP Morgan.

In September he was saying that bitcoin was a bubble. But it now looks like JP Morgan will be offering the CME bitcoin futures to their clients. If they actually go ahead and do it, that's a sell indicator - when the last bear capitulates, the bull market is about to turn.

 
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KKaruchis
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December 04, 2017, 06:55:41 AM
 #185

I think whenever you got on green numbers is time to cash out and w8 for the next down
bitfocus
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December 04, 2017, 07:01:12 AM
 #186

You should not seek other's opinion for your money, wealth and investment, especially Bitcoins. Suppose they suggest you sell in the loss, will you follow? No good investor depends on other's opinion. You need to study a lot about Bitcoins and Investments.
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December 04, 2017, 07:05:18 AM
 #187

The right moment to cash out the when you don't want to invest in crypto currency anymore, cause of losing or enough on winning.

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Pasnik
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December 04, 2017, 07:20:36 AM
 #188

You should not seek other's opinion for your money, wealth and investment, especially Bitcoins. Suppose they suggest you sell in the loss, will you follow? No good investor depends on other's opinion. You need to study a lot about Bitcoins and Investments.
Absolutely yes, in investing in bitcoin you have actually to take risks to invest. Because bitcoin will increasingly the value and dont lose hope to hold. When you hold think of a better profit.
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December 04, 2017, 07:39:51 AM
 #189

Nervous cant help but I understand what you feel when it comes in choosing whether you sell or not because of the fear that it may drop or doubted if it will be more higher. Much more better hodl than become regretful soon.
aencarnaci
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December 04, 2017, 11:07:20 AM
 #190

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’ve 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 you’re 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.
So many people have made this mistake a lot and that is the reason why not knowing the details of what one is investing in is very bad. This forum is not for decoration or signature campaigns alone, there are so many people who have shared stories like this in the past, and the problem is just to ask questions. However, like they always say, every mistake is an experience and we get to learn from it.
Bitcoininspace
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December 04, 2017, 11:57:19 AM
 #191

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 obviously do not like to risk bcz withdrew money from your wallet so early. recently the rate has exceeded 10,000 $... what can I advise here? At least you had bitcoins Smiley))
Grossthschild
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December 04, 2017, 11:59:32 AM
 #192

Dont sell now.
It is bullish.

Never sell during bullish time.
Getting rich Smiley
samcrypto
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December 04, 2017, 12:10:38 PM
 #193

Dont sell now.
It is bullish.

Never sell during bullish time.
Getting rich Smiley

If you look at the price movements of bitcoin it is really uptrend and selling your btc right now is not a good idea because I know bitcoin will continue to pump higher and those who believe on bitcoin will surely enjoy big profit so better to hold.

Fazlurkhan.kz
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December 05, 2017, 02:44:36 AM
 #194

The right time to cash out is when you and only you feel so. If you feel it right to cash out and you just want that particular amount of profit then it's the right time. And of course never cash out when the price falls below that price in which you purchased. And only cash out when the prices are high! Never panic if tge coin you're holding is showing a decrease in price, instead wait for it to rise again and then you can sell it. And if the price of that coin rises further, you should never feel that you took a wrong decision. It's trading, either you have a profit or loss nothing else and always focus that you earned profit, how much? Doesn't matters!
Good luck!
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December 05, 2017, 03:13:56 AM
 #195

The right time to cash out is when you hit your price target. That is why it is important that you have a target before you commence trading.

dasher797
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December 05, 2017, 03:55:05 AM
 #196

Dont sell now.
It is bullish.

Never sell during bullish time.
Getting rich Smiley
Sell bitcoin when it reach new high level and don forget to buy it again. It is not as easy as we think since the price of bitcoin is unpredictable. But we cannot avoid to sell bitcoin when we there are emergence need that requires us to sell our bitcoin.

dg2010
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December 05, 2017, 04:06:56 AM
 #197

If you invest in Bitcoin, you should not be nervous. Whenever you want, you can withdraw your money and get profit. But I would like to suggest you that if you are unnecessary, let hold Bitcoin as long as possible. You will earn big money.


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chichigirl
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December 05, 2017, 05:25:00 AM
 #198

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 cannot tell the exact time when is the right time to cash out because trading is very unpredictable together with the price. The price of bitcoin now is very expensive, when btc price is expensive in think it is the right time to cash out but since btc price is unstoppable, i don't know if it is right time for now to cash out when suddenly in a couple of hours btc price increases.


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migolmigol
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December 05, 2017, 06:18:49 AM
 #199

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 decision is really up to you. You may do researcy and make technical and fundamental analysis to help you decide. But the end of the day, Bitcoin price is still unpredictable. There are a lot of factors and reasons that may affect the price of a Bitcoin.

Maybe may tip is determining what kind of investor you are. A lont term or short term. So in that way, you can decide on holding on to Bitcoins for years believing it can be profitable in the long run or sell it everytime you think its going down (active trading)

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December 05, 2017, 06:51:35 AM
 #200

 Shocked Shocked it was such a bad move.. bcz btc is the king and the best coin the crypto world has ever seen, so my advice would be simply ever dont sell btc, accumulate as much as possible and cash out only when u need money immediately bcz btc has the potential to grow 50000$
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