Post
Topic
Board Trading Discussion
Re: What is your advice: When should I cash out?
by
ngacengan
on 30/12/2017, 03:59:39 UTC
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.

really you just take or do bitcoin to cash when you're in need of money, if not then store the bitcoin you have for good and grow the bitcoin you have by playing altcoin.