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Author Topic: To Cash Out or HOW to Cash Out?  (Read 203 times)
wantjokull
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July 30, 2018, 01:30:23 PM
 #41

Let's say bitcoin goes on a major bull run before the the end of the year...are you prepared to cash out? Are you ready to cash out or are you content to hold for longer? Will you be ok with paying coinbase fees to cash out or will you use other methods like LocalBitcoins.com for peer to peer transfer. What will you do? What method do you think is best?

I will sell them fro sure if the bitcoin hikes like the way it did last year in December. Because this will give me perfect ROI + profits that I always imagined in my life . I dont want to miss this opportunity this year the way I missed it last year. I am hoping to go for the selling option. I will surely have huge bag of fiat after doing so. Then next step of mine would be reinvesting some of the share that I have gotten back into the bitcoin and try to gain more if the bitcoin ever hikes above that prices too. Or just have it in the fiat and wait for the drop to come and then reinvest. This will give me huge profitability.

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July 31, 2018, 08:32:49 AM
 #42

I only cash out when I need the money, I won't get caught by the trend and sell my coin, for me bitcoin is a long term investment, I will hold as long as I can, and I don't mind to pay some fee to cash out my coin, the most important is the platform to cash out is reliable, safe and convenient to use

I agree with you. Unless someone is a trader, no need to cash out before time. This has never happened in the history of Bitcoin that its previous ATH were not repeated and surpassed some time later. It's obvious that BTC will be over $20k, the only question, when? But even knowing this, we have to cash out when we need money for our living, so we do, although heavy-heartedly. Lucky bastards who can afford buying these days. Smiley

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July 31, 2018, 08:42:26 AM
 #43

Let's say bitcoin goes on a major bull run before the the end of the year...are you prepared to cash out? Are you ready to cash out or are you content to hold for longer? Will you be ok with paying coinbase fees to cash out or will you use other methods like LocalBitcoins.com for peer to peer transfer. What will you do? What method do you think is best?

   I think to cash out is depends on your country and on what exchange you use to cash out. There are countries and exchange that easy to transact withdrawal to cash out your money. Like here in our country we can cash out through remittance center which is very easy and convenient.
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July 31, 2018, 08:44:30 PM
 #44

Well,if there is big bull run and I wanted to cashout real quick,I'll just use USDT/BTC temporary until I'm able to cashout via Bank safely.I think that's the biggest advantage of Tether,in this kind of situations you don't have time to cashout using Bank transfers or similar services as it takes time for processing.And nobody got time for that.
Often people use to convert electronic money to banks to receive money. But the fastest way to convert that profit from BTC to USDT is the fastest way that longtime investors do. Hold the interest area and then keep the property calm and then transfer to your bank account when the price.
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August 01, 2018, 06:30:56 AM
 #45

Let's say bitcoin goes on a major bull run before the the end of the year...are you prepared to cash out? Are you ready to cash out or are you content to hold for longer? Will you be ok with paying coinbase fees to cash out or will you use other methods like LocalBitcoins.com for peer to peer transfer. What will you do? What method do you think is best?
Quite funny when I see some people complaining about Coinbase fees for cashing/withdrawing to banks, it’s not even much. Same as people sometimes complain about fees for transaction (well, that’s a little bit different case). But if the price happens to go up before the end of this year, I will probably withdraw and there are lots of ways I can do that.

I can decide to sell through localbitcoin, or maybe withdraw, if not I can also sell to one local exchanger that I know and I prefer selling to him cause it’s very fast and he’s way more reliable and lives in the same country with me, pays to my bank account straight.

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August 02, 2018, 04:41:12 AM
 #46

Let's say bitcoin goes on a major bull run before the the end of the year...are you prepared to cash out? Are you ready to cash out or are you content to hold for longer? Will you be ok with paying coinbase fees to cash out or will you use other methods like LocalBitcoins.com for peer to peer transfer. What will you do? What method do you think is best?
I think coinbase and localbitcoins have a transaction with a high cost for beginners and I still like to save bitcoin for a long time
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