what is the right time to cash out?

[redsun114]

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).

People attach emotions a lot to their investments which is mainly why making some tough decisions is always hard for them since there is no knowledge to help them inform their decision making. Anyone who has been very familiar with the way bitcoin has been fairing from the onset would know that there is no reason to panic and you should only withdraw when you need the cash not as a result of panic.

[TobyTheCat]

I sold some BTC along the way, but I will always have some. I have a VERY diversified profile including real gold and traditional stocks. But I will always have a few bitcoins in cold storage for a rainy day or to give to my future children.

[setupbounds]

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
Hopefully you have learned now, and have a more proper approach when things gets crazy on the market.

Actually this rule is so impressive but surely the thing that is of most vital value they have ultimately hard implementations. So is this rule, it requires more and more care and concern to be implemented as better as it could be.

Still nothing is impossible, this rule seems difficult but it can be done with best results if you show some real game to put your best and get maximum out of it.

[Grossthschild]

I ve been thinking that now is the right time to cash out.
Not sure.
HODL First

[whyrqa]

I sold some BTC along the way, but I will always have some. I have a VERY diversified profile including real gold and traditional stocks. But I will always have a few bitcoins in cold storage for a rainy day or to give to my future children.

if you believe all those predictions that sounded Until today, then the reality of a couple of Bitcoin's future in years will be a tremendous fortune. Probably in this way very many people decide to improve their financial condition and ensure the future of children.

[Dudeperfect]

It happens, as an investor I have gone through that phase but soon you realize that since you have faith in your investment there is no need to worry and fall for the pressure of panic selling wave. There was a time when I saw about 35% loss on my investment but since I had the research to back my investment, I kept going with it and within a few months, the same investment gave me 10% to 20% profit without doing any changes and hence I would suggest you, do your own research before investing and build the investment plan according to it (including entry and exit point) and act according to the same even in the worst conditions if you have faith in your research.

[Robin789]

The right time to cash out depends on your decisions. but i think bitcoin will grow at 10000$ very soon.
Wait for the perfect time where you will earn enough money. it need a lot of experience.

[Clark05]

I hope your decision is to hold your bitcoin because if you see the pruce of bitcoin is already 9200 dollars . But if you sell your bitcoin 6000 dollars you lpse some profit. But if that your decision you will ba safe your money because on that day they have possible the price to decrease more. Better to make a wise decision on every situation because you are the one who only suffered or benefits.

[Getmon]

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.

There is one single principle that I am using in managing my Bitcoin portfolio. Do not cash out until it is urgently needed. Meaning, hold it. Do not get emotional and let your emotion control you when the prices are dumping. Every time Bitcoin dumps there will be a following increase in price that is much higher than where it previously came. So continue to hodl no matter what.

[UCHCHILD]

No, because the price is rally increasing so high as of his moment, things are getting good for now, so selling is not a good idea. As long as you do not need money donkt sell your stocks, be wise guys, it is your own benefits, not ours.

[pureclckr]

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.

I think, the right time to cash out is when you need it.If there is a particular urgent need or emergency and there's no other way of getting money,   at that time keeping money in the locker is obviously a wrong decision. Otherwise, it is very fine to save money for as long as possible. This is what I do and what I suggest others to do.  We must not waste our hard earned money here and there.

[Images21]

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 and I know that Bitcoin is not going to die, at least not in the next decade or two. You and I know that Bitcoin is still used by a very little portion of the world's population, the larger portion will potentially provide a fantastic number of Bitcoin investors. You and I know that Bitcoin have yet to reach its peak. Now, why would you feel scared if you see Bitcoin dipping at $6,000? And why would you sell immediately? The highest point is still unlimited for now so I cannot see any reason why we should be pulling out our Bitcoins? 

[ubeng07]

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.

I think, the right time to cash out is when you need it.If there is a particular urgent need or emergency and there's no other way of getting money,   at that time keeping money in the locker is obviously a wrong decision. Otherwise, it is very fine to save money for as long as possible. This is what I do and what I suggest others to do.  We must not waste our hard earned money here and there.

yes that was right when in time that it was needed then you may now sell of it or if you have the target price then sell for but make sure you have some not all are taking to buy all of your needs try also to save then if the case that you already have sell it in your target price and just save so you may avoid the panic selling while you are thinking if this may your idea to sell or not if the coin are in the critical situation.

[Cholo003]

I guess you lack belief on your chosen coin. Bitcoin can never be replaced it was proven for a very long time already. what i can advise to you always read news and make sure it was trusted.

[lucy1215]

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.

[nl247]

I guess you lack belief on your chosen coin. Bitcoin can never be replaced it was proven for a very long time already. what i can advise to you always read news and make sure it was trusted.

Not having faith in bitcoin is what has really made a lot of people to make the selling decision even when they do not need the cash and then end up regretting later on. I am not surprised though, because I would not expect anyone to have faith in something they do not understand and that is the truth. Some people did not bother to even know the important things they need to know about their investments and then because of that they make uninformed decisions.

[bakkang]

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 it is the perfect for you to cash out because price is really amazing so don't wait that bitcoin will dump. Our decision is always our driving force to do something so just be wise with your decision just like this scenario all you need to do is to cash out the half and keep the half so that there will be no regret soon.

[supermine]

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 it is the perfect for you to cash out because price is really amazing so don't wait that bitcoin will dump. Our decision is always our driving force to do something so just be wise with your decision just like this scenario all you need to do is to cash out the half and keep the half so that there will be no regret soon.

It is not the right time to sell your bitcoins because the price of bitcoin keeps increasing everyday you need to wait little long to have that extra earnings.I don't think bitcoin will dump now so it is better to hold your bitcoins.Don't sell any bitcoin because that small amount of bitcoin will be huge in few years.
In my opinion bitcoin will reach upto $25K by the end of 2018 So no one sell your bitcoins now.

[warwar]

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 it is the perfect for you to cash out because price is really amazing so don't wait that bitcoin will dump. Our decision is always our driving force to do something so just be wise with your decision just like this scenario all you need to do is to cash out the half and keep the half so that there will be no regret soon.

But why you do cash it out if at the first place you didnt need it? you didnt need money right now because you still have money to spend? Try to think if you hold it more you can earn more. So here since first im really scared so i always cash it out but later on i recognizes that i do have a job and salary if still okay not to cash out then hold as long as i can or cash out but only small amount.

[eaglewhite80]

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.