To Cash Out or HOW to Cash Out?

[gaxfrwpy]

I will set a more suitable cash price. If I reach this price by the end of this year, I will not hesitate to cash it. If not, I will keep holding my coin.

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[boksoon]

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?

It depends upon the person how expenses really needed for daily lives.  But if there was enough expenses that enough fund for several months or years of course I choose hold it to preapared into investment if ever there is  changes of price.

[LuciferEveningStar]

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?

Cashing out is not that easy in cryptocurrency because the market price is volatile so you will not be able to earn profit immediately and if the market price is dropping then all you need to do is just wait.

[BantiHanter]

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?

Cash out or not, it's depending on your goal. For me, if my goal reached and sure I will cash out my bitcoin.
For cash out, in my country, it's not hard and fees relatively cheap, about 2$ or max 1% from your amount coin/token.

[Fishthatgirl3]

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 dont see a good reason for cashing out. The fees and tax are too high.
Why do you need cash by the way?
Imagine bitcoin as a currency account. You can spend it on a lot of things nowadays, including air tickets, restaurants, even buying a car. I would just use it to buy stuff if I need to as more and more people are accepting it as a payment

[valentinen39]

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?

Obviously, everyone will be prepared to cash out because most of the investors are just waiting for the price of bitcoins to pump and they cash out their coins immediately in order to earn a huge amount of profit.

[Naughty Princess]

Well, if we say we I am going to earn a decent profit, then I will cash out then invest again. And then go on a cycle.

Well, I am not cashing out it after exchange into fiat but rather keep it on wallet and wait to price to change. Bitcoin nowadays become very volatile and change big in the market. When the price down I tend to buy bitcoin again and get much higher volume which give me profit, doing that will not keep me to bored while waiting for the change but I am enjoying that and never cut my lose because I know when to and not go into market.

[Aveatrex]

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.

[Emmaallen87]

I will not withdraw nor sell, I will keep until it reaches the desired figure. I think bitcoin is still growing in the near future.

[audaciousbeing]

It depends on your investment plan, if your idea is profit without setting a cap for gains, it means that you may lose because of greed. "20,000 is not enough. I want to wait until I reach 100,000 ".
Cash out process depends on your country and the amount of data "Docs/ID" you are willing to provide, getting cash "anonymously" becoming more difficult with a small amount of money and vice versa.
The best way is trading platforms due to lack of opportunities to  scam "if you deal with a reliable platform."

Human needs are very well insatiable. If bitcoin should reach $100,000 today some people would still wait till when it will reach $200,000 despite the fact that the $100,000 is what they have been aiming at since years got into bitcoin in the first place. How to cash out to me is one of the simplest to do and agree depending on your country. There are several options available there is direct sales to individual, there are exchange sites that pay directly into banks, there are also peer to peer sites, you can even use it to buy goods among other means. Just choose one that best suit your needs without raising unnecessary eye brow with the government or any of its agencies.

[coly20032003]

I think it may depends on the price, if it go up high enough to cover my initial investment and bring me a lot of profit, I may consider cash out some of my coins, but maybe not all. If it just barely cover my investment, I will definitely hold a little longer to see how it goes next year.

[o_freeman]

It depends on your investment plan, if your idea is profit without setting a cap for gains, it means that you may lose because of greed. "20,000 is not enough. I want to wait until I reach 100,000 ".
Cash out process depends on your country and the amount of data "Docs/ID" you are willing to provide, getting cash "anonymously" becoming more difficult with a small amount of money and vice versa.
The best way is trading platforms due to lack of opportunities to  scam "if you deal with a reliable platform."

Human needs are very well insatiable. If bitcoin should reach $100,000 today some people would still wait till when it will reach $200,000 despite the fact that the $100,000 is what they have been aiming at since years got into bitcoin in the first place. How to cash out to me is one of the simplest to do and agree depending on your country. There are several options available there is direct sales to individual, there are exchange sites that pay directly into banks, there are also peer to peer sites, you can even use it to buy goods among other means. Just choose one that best suit your needs without raising unnecessary eye brow with the government or any of its agencies.

Yeah we always like to think that there's something better just around the corner. The most important trait of a good trader is knowing when to call it quits and exit a position. This is hard to do with bitcoin because there's always so much hype about further movements and I think it kind of blinds people a bit. I'd just be happy with any level of profit and watch the charts carefully to see what comes next.

It depends on what you want to do with the money. If you send it directly to your bank you are going to have to claim taxes on it, maybe even twice if you can't prove where it came from. That's why some people prefer P2P exchanges because no one knows about the transfer other than the receiver and the seller. Oh and of course your exchange, who will of course tell any authority who asks.

[Tory-Tory]

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 met a couple of times in person and I sold crypto currency for cash. But if there are no reliable buyers, then I think it's better not to do it, but use localbitcoins. The difference between such methods will not be more than 5%.

[Maricel2017]

Well if i can save bitcoin before this year end and the value will rise like what happen last year i think i will sell 50% of it and hold the other 50%, i will save my capital and the profit will roll over and will be the capital for trading or other method that can earn additional income.

[Betwrong]

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?

It's not for the first time that I see people expect a major bull run before the end of the year, but in my opinion there are almost no grounds for such expectations. Bitcoin is around for almost 10 years, and a major bull run with following downfall happened in December only twice, in 2013 and 2017. CMIIW. I think we can expect a marked jump at any time, it not necessarily should be the end of the year.

Another thing which is not necessarily should happen is the following downfall. For example, during the period from Nov 2016 to the end of Dec 2017 Bitcoin price had risen from $700 to $900, and, except for two weeks in Jan 2017, had been rising only more and more since.

So, I wouldn't hurry to cash out if the price was at its ATH again because no one knows when the rising stops.

[acsaocham22]

Normally, Bitcoin trading floors support the conversion of Bitcoin to cash. So, you want to transfer Bitcoin to cash then you have to go through the intermediary trading platform. It is best to choose a reputable and quality intermediary to avoid the risk of cross-trade.

[lepeirisjs12jsjs21]

I think will stay the same and not withdraw money. Somehow you should have confidence in your trading, I think Bitcoin will come back at a certain time. Maybe some people will say I'm desperate but when I choose to invest in risky things happen is inevitable. I can accept and take responsibility for my decision.

[Indrawan77]

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

[jossiel]

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?

This is not a mystery anymore if the market runs into major bull run again. It's fine to pinch some profits if you have gained that much just to reward your patience and calmness during the entire year of holding.

I'll keep holding but will pinch some profits.

I'm fine with any fees as long as it isn't too high, so you're expecting if the market goes bull again there will be another network spam that will cause the fees too high again?

[ordeath]

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?

This is really hurting me because you're saying the things I cannot sleep because of, if the major bullrun will come I'm totally not prepared to it and I will cry and regret that I have not bought bitcoin with all I have.