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Author Topic: what is the right time to cash out?  (Read 3877 times)
rumexx
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May 27, 2018, 11:16:03 AM
 #261

You do not loss money in bitcoin if you could hold. But losses will be your lot when you panicked while trading and let go your holding. Understand that volatility is the nature cryptocurrency trading. Do not panic. Hold for your profit .
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May 27, 2018, 11:47:18 AM
 #262

It actually depends on some several factors such as emergencies, pumping of the price that gives you enough profit, etc. Like for example, if a bull run occurs, you have a chance of a lifetime to cashout your profits due to long term holding. As for emergency purposes, we cannot blame them for that if they choose to dump. Everybody has their own reasons, and we have to deal with that.

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May 27, 2018, 12:06:02 PM
 #263

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 depends on you men if you needed the money then go cash it put not all of them just the amount that you need but if you dont need it now why cash it out right? So nothing is gonna stop you from cashing out especially when it is an emergency thing. But if you have spare money and the price is low then it is much better to hold it for a while because if you get it the loss will be lost forever. And cash out if the price is very high and there are some rumors that the price will go down any time soon.
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May 27, 2018, 12:40:47 PM
 #264

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.

Even though bitcoin price is crashing just keep holding. Time will come that it will recover. Patience.
But if a time come that you really need money but bitcoin price is still low and there is no other way to get money, don't hesitate to cash out. The important thing is you first resolve your problem.
Another thing I am doing is convert my bitcoin into fiat when the price is high but I do not cash it out. It will be my saving. I will only cash it out when emergency or I want to buy something.

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