What is your advice: When should I cash out?

[Fatunad]

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.

If you are a long time holder then holding up until reaching ATH or new ATH would be good but still taking out profits would depending on how a certain investor would like to do such thing because we are different when it comes to profit targets. Some would like to see profits for a short period of time thats why they do make short or active tradings and some doesnt like to involve or make things complicated and do choose up to hold for long term instead.Profit taking will always depend on your choice on when you do see its worth it.

[dev9t9ok]

Every cash out depends on many reasons. First of all you should have a model and understanding what an amount you are going to get. You may also cash out if something goes wrong to cut losses or protect a profit.

[Visteryy]

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.

There should be a reasonable investment plan to always be active in all the worst situations of this market. I think this is not a good time to withdraw money from this market because it's just a slight increase and your chance will be in the last months of this year. Try to stay calm and follow the market to make the right decision.

[zanjerbits]

I think you should always cash out your money every time btc is pumping, for example last december btc reach 19k$. I cash out a lot of money.

[Sean25pogi]

Well for me the best that i can advice to you when to cash out is when the last quarter of the year are comes
because it is a great quarter that you can earn a huge amount of income in this business.

[michellee]

sometimes, I got this question in my mind and I still find out when the best time to cash out. but then I realize that in the other time when I really need money to buy something in my real life and I don't have any money, I sell some of my coins and exchange it into fiat. and sometimes, for doing this, I need to cut loss my coins even I don't get the profit because I am in urgent situations which I really need money. and if I finished to fill my needs and I still have money, then I will buy another amount which I think the price is at the cheap price so I can buy the same amount like before.

[futureofeth]

Every cash out depends on many reasons. First of all you should have a model and understanding what an amount you are going to get. You may also cash out if something goes wrong to cut losses or protect a profit.

Yes, Anything which you make profit on your investment will always help us to make some decent profit. If you didn't make any profit it is completely waste withdrawing them, so it is always good to hold until you make some decent profit.

[Maricurijohn]

If you want to withdraw money today, think again, the market is growing, the sale of pennies now will regret it later. I should continue holding until the end of this year.

[conected]

sometimes, I got this question in my mind and I still find out when the best time to cash out. but then I realize that in the other time when I really need money to buy something in my real life and I don't have any money, I sell some of my coins and exchange it into fiat. and sometimes, for doing this, I need to cut loss my coins even I don't get the profit because I am in urgent situations which I really need money. and if I finished to fill my needs and I still have money, then I will buy another amount which I think the price is at the cheap price so I can buy the same amount like before.

- I think your case is that you have too concentrated your capital into the market, that makes you not have too much cash for emergencies, the consequence is very clear, you are forced to sell your coin in any situation when you need money. And you do not get any profit, you even get a loss, if I were you, I would have a plan and have some cash for those cases where I needed money, not enough, we can borrow from friends, should not touch our assets on exchange, we should only cash out when it has the profit that we desire

[cryptoalfs76]

I have been investing in a bunch of different coins for a while now, mainly BTC, ETH, LTC, and some other lesser-known coins. I have a lot of different coins in my portfolio to stabilize/reduce risk.

I love the gains that these coins provide. I never panic-sell, and always hodl and buy low. That has been my simple strategy.

However, I have a problem - how do I train myself to know when to cash out?

For instance, last night the BTC price was high (18K), and ETH/LTC price were low.

I could have cashed out then, and invested in ETH/LTC, which are seeing a nice pump now.

How do you know when to cash out??

Right now the only time I cash out is when I need to money to buy a gift or something.

Will i thinks the control is upon in your own decision on when is the right time you cash out or change some of your crypto into fiat money as long its necessary ,because in my own strategy i want to focus on how to grow more my investment,so that in the time thats i grow old i have an asset to inherit into the members of my family,therefore,in my own advice its better to focus your investment.

[Cryptokarl]

My advice is that, the time to cash out depends solely on the target been set by the trader. i usually advice that, if your coin has made enough profits for you, you can decide to cash out your profits. Remember this is crypto market and nothing goes up forever. At some point, prices would certainly come crashing down after it has made its movement upward

[MiXxe]

Nowadays, the price of bitcoin is down. I know this had been posted during the time when the price was still increasing but it's different now. So when to cash out? Probably not now yet. Better not to cash out yet because four sure after some time, the amount that you currently have will be doubled or should I say, tripled. Better be prepared than sorry.

[coinplus]

How do you know when to cash out??

When you need the money. Unless you are in a hurry to cash out, there is no reason to cash out right now. Wait until something like December happens before you even consider cashing out. If something like that happens once again you can cash out some but do not spend the money on silly things like I once did. It is a wrong move, just put it aside and wait until all coins go back down on a bear market and sees the dip, than buy again but higher amounts this time.

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.

When we believe into bitcoin to reach $40k or $60k then how $20k will be the best time to cash out ? I suggest not rely on bitcoin prices for cashing out. Just calculate your ROI and if you are satisfied with that then you may go for it, else wait more . Everyone might have different expectation on bitcoin price levels but definitely not with ROI and waiting periods as these are personal things.

[michellee]

sometimes, I got this question in my mind and I still find out when the best time to cash out. but then I realize that in the other time when I really need money to buy something in my real life and I don't have any money, I sell some of my coins and exchange it into fiat. and sometimes, for doing this, I need to cut loss my coins even I don't get the profit because I am in urgent situations which I really need money. and if I finished to fill my needs and I still have money, then I will buy another amount which I think the price is at the cheap price so I can buy the same amount like before.

- I think your case is that you have too concentrated your capital into the market, that makes you not have too much cash for emergencies, the consequence is very clear, you are forced to sell your coin in any situation when you need money. And you do not get any profit, you even get a loss, if I were you, I would have a plan and have some cash for those cases where I needed money, not enough, we can borrow from friends, should not touch our assets on exchange, we should only cash out when it has the profit that we desire

yeah, you are right. but I won't borrow to my friend because I am too afraid if somehow, I cannot repay that money and it will make our relationship will become bad. but at least, now I try to manage my money especially my coins and if I see that I can make a profit from the coin, I will sell some part to get my money back and save it in my wallet just in case I want to buy another coin or to withdraw that money. I hope that it will enlighten me so I can prevent making a loss in the future.

[laravuemaster]

I have been investing in a bunch of different coins for a while now, mainly BTC, ETH, LTC, and some other lesser-known coins. I have a lot of different coins in my portfolio to stabilize/reduce risk.

I love the gains that these coins provide. I never panic-sell, and always hodl and buy low. That has been my simple strategy.

However, I have a problem - how do I train myself to know when to cash out?

For instance, last night the BTC price was high (18K), and ETH/LTC price were low.

I could have cashed out then, and invested in ETH/LTC, which are seeing a nice pump now.

How do you know when to cash out??

Right now the only time I cash out is when I need to money to buy a gift or something.

Will i thinks the control is upon in your own decision on when is the right time you cash out or change some of your crypto into fiat money as long its necessary ,because in my own strategy i want to focus on how to grow more my investment,so that in the time thats i grow old i have an asset to inherit into the members of my family,therefore,in my own advice its better to focus your investment.

Cashing out will be always depending on the profit you earn, if you think that the amount is decent then cash out immediately because the price is changing so fast in the market due to volatility.

[s31joemhar]

As a good trader in this industry rather market of cryptocurrency I only cash out if I need to. Meaning, it depends when I will cash out. If I will buy something or in a emergency situation I will probably cash out. Also, I cash out when it the market is in the drop but it depends also. It is very strict for me, as I have that money though so my investment should be on the right place.

[KXC247]

In this market, nothing is guaranteed. When you make your desired profit, it's best to book your profit and move on. This is how wise investors trade. They have killed greed

[Diced90]

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.

Usually, if one has already taken large losses in the past, the next best solution would be to try and wait until that agony will be paid off. That's only if the person thinks there's a possibility for that.

[pinoyden]

In this market, nothing is guaranteed. When you make your desired profit, it's best to book your profit and move on. This is how wise investors trade. They have killed greed

When you say move on , do you mean he should leave the crypto scene permanently after he make a good profit ? hmmm , that strategy is no good imo . why would you leave if you think you can handle your trades pretty easy? You did even manage to earn a good income because you know what you are doing . you should rather continue doing trades in crypto but in a minimal cost or trade only what you can afford to loose so that you wont regret bigtime if sometime bad happen to your capital .

[kokobaba880]

I am in the favor of holding but if it is urgent for you then sell some of the amount not at all and i hope that price is rising then my advice is to hold it and not to cash out check the market regularly and when you find the market stable then cash out at that time.