Post
Topic
Board Trading Discussion
Re: what is the right time to cash out?
by
Maricel2017
on 09/12/2017, 12:06:19 UTC
I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.

Seems you didn't trust bitcoin enough for converting too early. We all see bitcoin at its peak so nothing to worry about. Have patience and put your hopes into bitcoin. And I hope you've already learned your lesson.
It is all about patience, which most people obviously do not have. Most times, it takes some experiences like this for some who did not find out more or study bitcoin trend to use this kind of situation to learn that patience and not panicking are two major attributes every investor should have.

Once beaten, twice shy though. And one thing is, it is either you learn from other's mistakes or you make them yourself and learn from them.
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Most of the time people are inpatient, in bitcoin we need to be wise and look forward for the future. Bitcoin is fast growing and we are always hoping for the increase of its value in ordet to gain more profit just learn to wait for the right time to cash out our bitcoin.