Quote from: manismanja on December 20, 2017, 06:09:04 AM

Quote from: Enjel on December 08, 2017, 07:01:43 PM

I have been investing in a bunch of different coins for a while now, mainly BTC, ETH, LTC, and some other lesser-known coins. I have a lot of different coins in my portfolio to stabilize/reduce risk.

I love the gains that these coins provide. I never panic-sell, and always hodl and buy low. That has been my simple strategy.

However, I have a problem - how do I train myself to know when to cash out?

For instance, last night the BTC price was high (18K), and ETH/LTC price were low.

I could have cashed out then, and invested in ETH/LTC, which are seeing a nice pump now.

How do you know when to cash out??

Right now the only time I cash out is when I need to money to buy a gift or something.

we can spend cash when we already get profits in trading and in dire need of money, if not yet need money then we do not need to spend cash or withdraw cash, leave it for trading.

The coins you're currently holding are for long term and cashing out should probably be only when you need it. Btc, eth, ltc and even ripple may go way beyond what we expect in a few years so cashing out on these coins entirely should be reconsidered