I have learnt to cash out

[jak3]

cashing out is not a good option its just a fail-safe way of taking no more risk of making or losing profits. if you want to make money then you need to ride the market at every possible situation no matter what market is going to force you to do you have to wait for the opportunity and get the precise assumption on the price. this is 2019 and markets are full of thousands of analytical tools and indicators.

[Cryptrx]

Cashing out is one of the ways to protect your trade because no one can outrightly state the direction of the market, so it's best to cash out when you're in some profit than to blindly decide to hodl even when it's obvious the market is bad.

[Jenkins33]

This is the right decision. Every investor crypto should have the option of withdrawing their money from the crypto market at any time. This is necessary in order to insure themselves in case of extreme events on the cryptocurrency market.

[Corer]

We have to be wise now while dealing with crypto, yea to hold is very good but we have to learn when to cash out so that we don't loose all while trying to be greedy

[minersday]

In this crypto ecosystem, its all about knowing and understanding the game of pump and dump. This will help you develop  good strategies and plans to help you minimize the chances of you losing your invested capital.  By having good strategies and plans, cashing out will be very easy and very profitable which will also reduce the risks available at any moment in time.

[blokklanc]

Crypto market is a small market and can easily be manipulated and this is why it is so unpredictable.
Taking the profit is an important part of the game.

[johanesrobin]

cash out is the right choice if there is no chance to hold longer. or you prepare new capital to re-enter the trade. some altcoins are still potential and bullrun may occur next year.

[Cryptolord_ng]

Yeah! Cashing out is really the best tool now in cryptocurrency, when you invested and you're fortunate to get some profit from you invest the best thing to do is to cash out you initial investment fund to decentralize your investment or for other purpose, then you can start rolling over you bonus from the investment

[Badhuamin]

indeed at this time the price has been arranged by the top person, for myself I just follow the movements of the market in order to make a profit.

[prayogi]

I am also one of those people who believe that a long-term hodl is a good strategy to get a big profit but for some reason I can't do it because I really know that crypto is very volatile so I have to be able to determine the right time to sell because the price change is very fast, the price can go down anytime and make me have to wait again, so when the price is good then I will sell it immediately and if I still believe in the coin then I will buy it again when the price drops, that's what I apply although I believe that long-term hodl is good

[deadmousehat]

indeed crypto investment is very risky and certainly understands that before investing crypto. With current bear market conditions, cashing out for loss or hold for longterm and hope to get better profit is a choice.

[davinchi]

Knowing the right time to cash out is one of the trade secrets of the crypto market, you stand a better chance in crypto sphere if you know when to cash out.

This should be the right way to cash out and not just cash out because one wants to panic sell, there will always be a point that we can rely on to cash out on that coin that we believe in and still invest when it comes down in value.

I do cash out too a lot too, not because I was scared of price but because I do short term trades with it, and the best time to cash out on a short term trade is when you already know the limit the coin being traded can go within a time frame, and then set the profit target based on that. For a long term investors, it glaring to know that the only time that should be permitted is when the coin has reach its ATH.

[cryptobae10]

More importantly is learning the right time to cash out
You could cash out and still be in loss
Which is not good at all for your portfolio

[tisoysoy]

With recent events in crypto currency trades since January 2019, I have learnt to cash out

Crypto currency long term hodl is very good and rewarding no doubts
But we are at a stage where crypto is formed by whales and the money controllers

With the persistent pump and dumps by the whales; crypto is like a game at the moment

I agree with this statement, you should take patience to get pass of this game like what happen now which is bitcoin persistently pump and dump just like you've said. We should wait the right time to dump our asset to avoid regret in last. Because we don't know what's going next in coming months or years. We might know this next quarter there is another recovery for bitcoin.

[darkangel]

With recent events in crypto currency trades since January 2019, I have learnt to cash out

Crypto currency long term hodl is very good and rewarding no doubts
But we are at a stage where crypto is formed by whales and the money controllers

With the persistent pump and dumps by the whales; crypto is like a game at the moment

You are smart. The pump and dump is a contributing factor to the volatility. Time has gone when people held coins for months in belief. Today, whales control through market and 10percent profit of $500k is lot of money. So now you just have to buy or sell before a whale does else you burn

[D3m1r4wanti]

Cash out now, it will be safer for the assets you have. now it will be a very big risk when you decide to buy an altcoin, unless you have big capital and are willing to make a long-term investment. and wait for the bull run to occur.

[Estehmanis]

crypto prices are indeed unstable and have become public secrets of prices controlled by the pope, you must be very mature in making decisions when going out and entering

[Emperor of Man]

Remember, there's a wise version of cashing out, and a stupid version of it:

- The wise version is, to cash out once in a while to cover the real world expenses, and only do it when a part of your crypto hodlings has hit its target price.

- The stupid version is, to panic sell when the bear market has been too long or too hard, and when many analysts are calling a bottom. You get scared and tired and you sell all of your hodlings, only to buy back a few months later with 5x more price because you've heard that the market is getting bullish again.

Choose your version.  

[sopanbmp]

With recent events in crypto currency trades since January 2019, I have learnt to cash out

Crypto currency long term hodl is very good and rewarding no doubts
But we are at a stage where crypto is formed by whales and the money controllers

With the persistent pump and dumps by the whales; crypto is like a game at the moment

Correct! better safe your funds first and don't be a FOMO, Currently i'm stuck on altcoin but I won't to cut loss yet, I rather wait in the bottom. Bearish patern is almost over my frends!  

[StarofBTC]

You are right: one of the things we had to learn through painful losses is that we should never be overconfident or greedy when it comes to taking profits; I think we should learn to reap the benefits as soon as common sense tells us that a crypto has grown too much in a short period of time, so instead of expecting returns of 1000%, I am personally cashing out at least a part of the benefits when I see that the price of an altcoin increases at least 20% in a short time.

Before we go into an investment, we have to first decide if our investment will be on a long term running or short term running, because this is the only way our common sense can be put to test and it is not every investment that common sense will work for, some investment will rely on typical analysis before we can get the exit point.

If we are running on a long term investment, as the name implies, there is absolutely nothing wrong in holding the coin, because there is guarantee of great increase on it in the future provided we invest in the right project, but on a short term investment, I agree with you that we can always cash out when we get the chance to do so, no matter how little the profit may be.