Quote from: audaciousbeing on July 30, 2018, 05:21:23 AM

Quote from: hugeblack on July 28, 2018, 12:12:27 PM

It depends on your investment plan, if your idea is profit without setting a cap for gains, it means that you may lose because of greed. "20,000 is not enough. I want to wait until I reach 100,000 Grin

".
Cash out process depends on your country and the amount of data "Docs/ID" you are willing to provide, getting cash "anonymously" becoming more difficult with a small amount of money and vice versa.
The best way is trading platforms due to lack of opportunities to scam "if you deal with a reliable platform."

Human needs are very well insatiable. If bitcoin should reach $100,000 today some people would still wait till when it will reach $200,000 despite the fact that the $100,000 is what they have been aiming at since years got into bitcoin in the first place. How to cash out to me is one of the simplest to do and agree depending on your country. There are several options available there is direct sales to individual, there are exchange sites that pay directly into banks, there are also peer to peer sites, you can even use it to buy goods among other means. Just choose one that best suit your needs without raising unnecessary eye brow with the government or any of its agencies.

Yeah we always like to think that there's something better just around the corner. The most important trait of a good trader is knowing when to call it quits and exit a position. This is hard to do with bitcoin because there's always so much hype about further movements and I think it kind of blinds people a bit. I'd just be happy with any level of profit and watch the charts carefully to see what comes next.

It depends on what you want to do with the money. If you send it directly to your bank you are going to have to claim taxes on it, maybe even twice if you can't prove where it came from. That's why some people prefer P2P exchanges because no one knows about the transfer other than the receiver and the seller. Oh and of course your exchange, who will of course tell any authority who asks.