Quote from: Silberman on January 17, 2018, 04:10:19 PM

Quote from: cicciobtc on January 09, 2018, 11:41:19 PM

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.

the choice of making cashouts is too subjective.
Continue to hold and make small cashouts just for necessity.
Instead you can withdraw everything when you are satisfied with the value achieved or if you think that the value can not go up.

There are some subjective factors, that is correct but at the same time there are some absolute factors as well, all coins are losing a huge amount of money right now and bitcoin is very far away from its all time high so cashing out right now is a huge mistake, the best thing you can do now is to hold and do not sell your coins for a bad price or you may regret that decision later in your life.

You would surely regret on those times specially when you do saw that your coin that have been sold did able to reach out 10-100x on its price.You will surely kick that damn wall on frustrations on possible profits that you would made or even you do missed the opportunity on getting rich.This is my situation when I'm still a newbie holding off some coins but I'm not really patient for long term holds but theres no need to regret since past is past and its done already. If you do seen the possibilities or potential of a coin better to hold it off no matter what.