Cash out after having investment trippled in bitcoin!

[joseafonso123az]

Each person enters the bitcoin market to profit. Now the strategy for it can be different:
1) Some people earn it and live try to live with the earnings that they make. So these people tend to cash out.
2) Some people are holders, so they tend to keep the BTC with them, even if the price goes up, or down. They dont cash out.
3) Some people are traders, so they study the markets, and risk investing in BTC (trading is all about risking money you can afford to lose), to try and cash it out usng swing trading(trades running for more than one day) or day trading( one day trades). These only cash out when in profit or want to take loss.

Now depending on his view of BTC enthusiast, he might have chosen to be a type of trader maybe, and cash out when you gain high profits, like in swing trading

[Slow death]

My brother had invested in bitcoin where market price has down to 3K usd. Seeing the current market and the needs arisea, my brother had cash out already and I am not surprise that he trippled his money investment. Good for.him but I think it must be hold still if I were on his side.

he already had a profit, that was enough for him. in this market is need to set a goal, for example the person must know the time that he will be willing to hold, the profit he hopes to obtain and the loss he expects to obtain in the event of an eventual price decrease. this must all be very well planned

The only problem is that I am not control of his money and seeing him profited in bitcoin makes me regret why I am.not investing and risking money during the bear market.

Did you ever wonder if the price had dropped to  $1000 for example? if had fallen to $1000, you would be seeing your brother crying because he was losses. You can not predict the future, but you can make a plan so that it is possible to reduce your losses

[TalkStar]

Its really important for an investor to make entry on proper time and your brother did that properly. There was a time when some people were so much tensed about bitcoin future but they got their answer just in a short time. As a crypto user and lover i always suggest my friends to invest on bitcoin and who take it seriously they are enjoying their profit now.

Its just a beginning of bitcoin price build up in my own view and hopefully very soon we will be able to see much price jump. worldwide peoples are getting used to with BTC and now they know that its future is bright enough. Crypto community is getting bigger day by day and we are starting to get the results of that.

Investing on bitcoin is always a wise decision IMO but most important is to build the knowledge of market observation like your brother did.

[kryptqnick]

My brother had invested in bitcoin where market price has down to 3K usd. Seeing the current market and the needs arisea, my brother had cash out already and I am not surprise that he trippled his money investment. Good for.him but I think it must be hold still if I were on his side. The only problem is that I am not control of his money and seeing him profited in bitcoin makes me regret why I am.not investing and risking money during the bear market.

Who among you here does not hold btc anymore and afraid of investing to bitcoin? Did you regret of not investing on bitcoin too?

It depends on the motivation, I guess. If one is simply profit-oriented, then 3x profit is great. If it's more about investing in the future, trusting the whole thing and stuff - of course, you are right that cashing out now is too early, and perhaps there won't be no cashing out at all. At the same time, I'd be proud of your brother. I think that many people don't have enough confidence and are too greedy to ever cash out. You know, they just invest and watch their investment grow to never truly use it in real life. I have a distant relative who got lucky with a harsh but very well-paying job back in the days of the Soviet Union and had enough money to buy 10 flats in a great city. Instead, he bought one small flat on the outskirts of the city and did nothing with the rest of his savings. After some time, these savings became worthless, so he never really used them for anything. If a person cashes out, at least it's the first step towards really changing one's life with the profits.

[syamster]

My brother had invested in bitcoin where market price has down to 3K usd. Seeing the current market and the needs arisea, my brother had cash out already and I am not surprise that he trippled his money investment. Good for.him but I think it must be hold still if I were on his side. The only problem is that I am not control of his money and seeing him profited in bitcoin makes me regret why I am.not investing and risking money during the bear market.

Who among you here does not hold btc anymore and afraid of investing to bitcoin? Did you regret of not investing on bitcoin too?

i would atleast keep some of the money if it goes up more , that way he atleast earned some and is still in the game to collect more if it rises even more, he would realy kick him self it it goes to 20k in a couple of weeks lol

Yeah it is true when we are buying a coin we will have to hold and wait for right time to sell, actually buying at price more than triple I the best way to obtain profit, but don’t cash out your whole investment better save some for more to hold, so now a day it is time to hold but don’t sell it now us time to buy more.

[rdluffy]

3x the investment is a real good investment, in less than 1 year, is awesome actually
Your brother has a plan, and it's ok, I'm holding my BTC and trying to accumulate more when I see a good point to sell and buy again in the dip

[Ultimist]

I have never regretted investing in bitcoin. Therefore, you also should not wait for some suitable moment, you can buy now and secure a good future.

[goolesby]

I also think so. However, important for me to divide my Bitcoin into some for investment and some for trading. And when trading, cashing out some funds are good ideas if we have more profits, but not all of the funds are cashed out. We must split them. Actually, I'm not afraid of investment, but I only have limited funds to invest or trade.

[coinholic]

The crypto space is certainly full of regrets. But that's just how things are. We feel regret towards the success of others because we think, I could have been him! And I'm sure that many of us here, if not all of us felt this way at some time. But of course, this is a form of learning that we should take advantage of. Don't regret that you could have done something good. Because you can always do it in some other way or opportunity. Just be optimistic and things will turn out well.

[Oceat]

Your brother made the right choice if he just wants the profit for trading and doesn't have a plan to hold for long-term investment. If you feel bad for him then tell him to make him realize what could be the possible thing that waits for him in the future if he just holds it for a long time. He may not realize or fully aware of the situation of the market if he just sells it away after seeing it tripled the price.

[Julunguul]

Regret is certainly there but we also don't even predict that something like this can happen right?
Although it only differs in price and chart level each year. The only difference is the profit that can be obtained.

[Pumared]

When Bitcoin fell in price to 3K, it was obvious that this climb would one day arrive. Since its inception, it has always been so. So take advantage of the lows and corrections.

[Getmon]

I already have my own little share of BTC. I don't have much but I intend to keep it until BTC will reach $50,000 or more. I am not in a hurry. I can support my needs without withdrawing them. If I have extra savings in the future, I will just invest a little more in BTC, and some solid altcoins, too.

I don't have many regrets. Perhaps, it was just a waste not to buy and sell as often as possible. I was reluctant to sell my BTC during its ATH moments. I wasn't confident enough to decide on when to enter and exit.

[cramcram21]

My brother had invested in bitcoin where market price has down to 3K usd. Seeing the current market and the needs arisea, my brother had cash out already and I am not surprise that he trippled his money investment. Good for.him but I think it must be hold still if I were on his side. The only problem is that I am not control of his money and seeing him profited in bitcoin makes me regret why I am.not investing and risking money during the bear market.

Who among you here does not hold btc anymore and afraid of investing to bitcoin? Did you regret of not investing on bitcoin too?

I think he did the right thing he already gain a huge profit so why not take it all .
And besides I think that your brother would surely invest in crypto again soon maybe he is just taking a break right now.
And yes I also regret of not investing in Bitcoin too but I have my own reason for it if I could invest my money back then why wouldn't I take the risk .

[Vishnu.Reang]

I first invested Bitcoin in 2017, when the prices were around $1,000 per coin. My initial investment went up by 20x in 2017, but the next year it went down by as much as 85%. After my initial investment, I never purchased any coins from the market. Most of my revenue after that came from signature campaigns and bounties. But now the big question is when to cash out, and how to do that.

[michellee]

I first invested Bitcoin in 2017, when the prices were around $1,000 per coin. My initial investment went up by 20x in 2017, but the next year it went down by as much as 85%. After my initial investment, I never purchased any coins from the market. Most of my revenue after that came from signature campaigns and bounties. But now the big question is when to cash out, and how to do that.

The time to cash out is when we can see our initial investment can grow more than 3 times or 5 times and if somehow, it can grow more than 10 times like we already have seen before, then that will be the best time to cash out. We will need to wait for a long time again if we do not cash out and I don't think people can wait too long. We can use alarm and set the price to ring so when the price of the coin reached the price we want, the alarm will ring, and we can know that the time is come to cash out.

[Crypto Girl]

When Bitcoin fell in price to 3K, it was obvious that this climb would one day arrive. Since its inception, it has always been so. So take advantage of the lows and corrections.

But the thing is some didn't realize this and just think that bitcoin will have nowhere to go but when they see it's doing good they will be the most fomo and buy in panic, how ironic tho.

Personally, I already take profit when it's around $13k and actually a good exit since I decently profited. I know some will hold it until new ath and perhaps it's not being greedy hence everyone have their own strategy on how to juggle their bitcoin

[mikelsmith2020]

Most of us in the trading industry only makes sure profit since we are only referring to technical analysis and it's not always 100% working all the time that's why most of us are contended on 3%-5% profit but only for day traders but as what I've seen in your investment you are doing a long term holding right? well you got lucky to earn 3x of your investment.

[Apes]

honestly not only that miss this golden opportunity for gaining profits many times, the bad think when the awaited time came when BTC 3K, I instead spent money on daily necessities, became short of money at that time. the opportunity does not come twice, maybe I have to wait a long time if I want to invest BTC on 3K.

[ab1jx]

Anybody else read Andrew Cook's articles?  There's a copy of part 1 at https://www.reddit.com/r/BitcoinMarkets/comments/274wbs/how_to_make_money_trading_bitcoin_day_1_of_5/ but there are 4 more parts, you'll have to search for them, the first 3 or 4 are the most important.

I'm trying to decide if this peak is over.  The last one hit $19,000 and some people have speculated this one would reach $20,000.  I jumped in at about $4,000 with $450.  If this is a peak it's much lower than I expected.  We had a few weeks of uncertainty that ended a couple weeks ago when it went from $8k to $12k.  This could be more of that.  There's power in reinvesting, but you need to wait for the price to drop.  Then you make x% profit on more capital, and keep reinvesting.  As long as it doesn't go below where you jumped in you're not losing money.

Since the mining difficulty factor is climbing beyond where it's practical to mine without free electricity like solar, it makes sense that the price is going up.  I was surprised the last low only got down to about $4k and not more like $400, but that's probably what the future holds.