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Author Topic: What is your advice: When should I cash out?  (Read 2716 times)
NeverSop
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May 10, 2018, 08:10:16 AM
 #161

When you decide to invest, you have to be risk-takers and long-term investors to make big profits. If you withdraw money now, you will regret it in the near future. The market is heating up. I advise you to wait patiently and continue to keep your money.

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May 10, 2018, 08:55:06 AM
 #162

When you decide to invest, you have to be risk-takers and long-term investors to make big profits. If you withdraw money now, you will regret it in the near future. The market is heating up. I advise you to wait patiently and continue to keep your money.
It depends on us when to cash out our earnings ,if our perceptions that prices has a potential to grow then wait until it pumps up. Nowadays, prices is on dump it has a chances to loss our earnings so for us to be secured and prevents the things better to decide wisely and look for the better.
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May 11, 2018, 09:37:33 AM
 #163

When you decide to invest, you have to be risk-takers and long-term investors to make big profits. If you withdraw money now, you will regret it in the near future. The market is heating up. I advise you to wait patiently and continue to keep your money.
It depends on us when to cash out our earnings ,if our perceptions that prices has a potential to grow then wait until it pumps up. Nowadays, prices is on dump it has a chances to loss our earnings so for us to be secured and prevents the things better to decide wisely and look for the better.

I think it depends on how much profit we want but don't too greedy because we can lose our profit if we are expecting for a big profit and we don't know if the price will stay at that price or getting a decrease in the next minutes. so if we think that it's enough for us to take the profit then we need to sell it before it's too late for us. but if we don't want to take the profit right now and we only want to sell in the next month then we don't have to do anything and only check the price.

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Joriecoinbit
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May 11, 2018, 10:48:13 AM
 #164

When you decide to invest, you have to be risk-takers and long-term investors to make big profits. If you withdraw money now, you will regret it in the near future. The market is heating up. I advise you to wait patiently and continue to keep your money.
It depends on us when to cash out our earnings ,if our perceptions that prices has a potential to grow then wait until it pumps up. Nowadays, prices is on dump it has a chances to loss our earnings so for us to be secured and prevents the things better to decide wisely and look for the better.

I think it depends on how much profit we want but don't too greedy because we can lose our profit if we are expecting for a big profit and we don't know if the price will stay at that price or getting a decrease in the next minutes. so if we think that it's enough for us to take the profit then we need to sell it before it's too late for us. but if we don't want to take the profit right now and we only want to sell in the next month then we don't have to do anything and only check the price.
The volume of the currencies rapidly decreases in short period of time. It depends on your decision making when to cash out money , but I suggest you to wait more couple of months because the prices is slowly recovering of this trend and has the possibility to grow its prices. For now, be patience and update the market everytime because I believe sooner or later we can get good profit return due to the volatility in the market.
futureofeth
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May 11, 2018, 11:04:32 AM
 #165

We don't know how much have you invested, because we don't know how to explain when to cash out, but one thing i can say, you need to keep track of your investment and how much profit you made based on that you can cash out. It depends on the individual situation according to his needs and profits.
entrepmind23
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May 11, 2018, 11:32:32 AM
 #166

I think it depends on how much profit we want but don't too greedy because we can lose our profit if we are expecting for a big profit and we don't know if the price will stay at that price or getting a decrease in the next minutes. so if we think that it's enough for us to take the profit then we need to sell it before it's too late for us. but if we don't want to take the profit right now and we only want to sell in the next month then we don't have to do anything and only check the price.
It is important that before buying the coin, we already know when to take profit because whatever happens, we know what to do. This is one of the major mistakes of some traders and I am guilty of this too before because I tend to become greedy as I don't know when to take profit so I am always hoping that the price would go up only to see it the next minute drop down in value and then regret why I didn't take profit when the price is high. I still need to get over about the control of emotion as it is what hinders me to think properly. My recommendation would be to take profit from time to time and do not be greedy.

Giving advice is a thankless job, but I'm still gonna take the risk. It is necessary to distinguish short-term trading from long-term investment. In the first case, it is really important to understand when you need to close the position. In the second case - either just hold, or buy each month additional coins for a certain amount.
If you are in for the long term investment then a good way be cost averaging so that you will not have a big loss when the price goes down in value. Besides that, the short term price wouldn't matter that much to you as you are positive that you will reap your profits after a few years.

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May 11, 2018, 03:31:47 PM
 #167

well if you want to know the right time to monetize, I mean when the market goes down drastically, you have to learn technical analysis, you can try to find someone who is expert in the analysis, remember there is no harm in spending a little money for knowledge, because with that knowledge you can got more.
sometimes people choose to lose a considerable amount of money in trading, rather than having to spend money for his intelligence.
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May 11, 2018, 07:15:50 PM
 #168

When you decide to invest, you have to be risk-takers and long-term investors to make big profits. If you withdraw money now, you will regret it in the near future. The market is heating up. I advise you to wait patiently and continue to keep your money.
it's true what you say. better to hold first bitcoin you have if you do not want to regret later. because now it's autumn for all the coins. so better be resisted first and do not disbursed if my suggestion hell

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May 11, 2018, 07:33:14 PM
 #169

When you decide to invest, you have to be risk-takers and long-term investors to make big profits. If you withdraw money now, you will regret it in the near future. The market is heating up. I advise you to wait patiently and continue to keep your money.
it's true what you say. better to hold first bitcoin you have if you do not want to regret later. because now it's autumn for all the coins. so better be resisted first and do not disbursed if my suggestion hell
Whatever we say still he will be the one who would choose what he thinks is right and good for his money, I am not seeing any bad for cashing out for as long as you will not take the moment to invest when possible and to hold for the future.
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May 17, 2018, 06:51:12 PM
 #170

Cash out during an all time high. If there's massive adoption, then don't cash out. As in, governments and ordinary people are using cryptocurrencies, which it seems like that may be the trend.

1) According to McAfee, he still predicting BTC to be worth $1m by the end of 2020.
2) https://steemit.com/cryptocurrency/@matthewoz101/why-the-cryptocurrency-market-cap-will-explode-in-2018 A ton of top cryptocurrencies listed in my post are launching their mainnets soon and adoption will be expected to increase.
3) If you decide to cash out, do NOT fomo and buy back in at a loss. A pump can't last forever and there will have to be a correction.

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May 23, 2018, 09:37:17 AM
 #171

I haven't cashed out even 1 btc since 2014 when I initially started investing. And I don't plan on cashing out any time soon. We have mass adoption growing, less FUD, better technology, multi billion dollar companies getting involved etc everything we need for price increase as time goes buy. In my opinion cashing out now will make you regret your decision.
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June 16, 2018, 05:58:41 PM
 #172

If I’m going have a chance to advice you,  I will suggest to you that cash out before the new year comes because that’s the best opportunity
that you can have for the rest of your life because you will be profitable enough in terms of financial aspects in this business.
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June 16, 2018, 06:06:10 PM
 #173

I haven't cashed out even 1 btc since 2014 when I initially started investing. And I don't plan on cashing out any time soon. We have mass adoption growing, less FUD, better technology, multi billion dollar companies getting involved etc everything we need for price increase as time goes buy. In my opinion cashing out now will make you regret your decision.
First of all we need to help in increasing the demand for the etherium and Bitcoin. Then the market will begin to recover. It is because of the public interest in the crypto currency that the market will rise.
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June 16, 2018, 06:35:39 PM
 #174

I haven't cashed out even 1 btc since 2014 when I initially started investing. And I don't plan on cashing out any time soon. We have mass adoption growing, less FUD, better technology, multi billion dollar companies getting involved etc everything we need for price increase as time goes buy. In my opinion cashing out now will make you regret your decision.
First of all we need to help in increasing the demand for the etherium and Bitcoin. Then the market will begin to recover. It is because of the public interest in the crypto currency that the market will rise.
your word looks like a call to invest in crypto currency, and not vice versa. Although in any case today the crypto currency is in the lowest positions and it will be very reckless to cashed out the user of the crypto currency.
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July 21, 2018, 05:51:42 PM
 #175

If I have a chance to make an advice when should you cash out,
I’m gladly to say that wait for the little time that the value of coins or investments are in the high value in the market that can makes you profitable.
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July 21, 2018, 07:41:42 PM
 #176

I think that would depend on the price of your coins in the market. If you think that the value of your coins is reasonable enough and that you already have a good profit out of it, well you can cash it out. It the value is still a 'lil bit low might as well wait for a good value of your coin before you try to cashout.
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July 21, 2018, 08:24:22 PM
 #177

I can tell you how I do. If you do not now need money that you earned in the crypto currency, then do not take them off, but wait until the crypto currency becomes more popular. In the future, you probably will not have to withdraw the crypto currency from your wallet, since you can pay it everywhere. I'm just waiting for this moment.
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July 21, 2018, 10:08:45 PM
 #178

The right time to cash out is when the market turn to green and u are near to breakeven prices then it is better to cash out
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July 21, 2018, 10:16:09 PM
 #179

It depends, are you talking about when you trade? Or when you make some profits on altcoins? the best time to cash out while trading, is just to do it so when you already made some profits, like cashing out $50 or $100 each
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July 21, 2018, 10:22:21 PM
 #180

When you decide to invest, you have to be risk-takers and long-term investors to make big profits. If you withdraw money now, you will regret it in the near future. The market is heating up. I advise you to wait patiently and continue to keep your money.

Yeah, I agree. Now is probably not the best time to cash out. I'd say wait until it reaches at least 20k or higher and then you can start thinking about it.
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