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Is it time to cash out?


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Just the other day , Bitcoin slammed to a low of 4000$ and I must admit this could have been the worst I saw, but then there was more to come and then it kept on changing over and over, and one day , it just busted out , we were heading up, but got stuck at 7,000$  for weeks, I thought that was that, and were waiting for a big move whether up or down , and then it happened,  the big move happened, and the price surged to 9300$ per coin, bitcoin, and now we are stuck again, bitcoin has been ranging between 9,000$ and 8,700$ for a while now, and today all coins are red except EOS that is up 3%.

Is it time to cashout on bitcoin? I think it would be really right to head out with about 50% of what you have, to avoid getting into a blood bath in crypto , thats according to me, what do you thing guys?

Have a beautiful week.

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I dont think so, I think bitcoin is not done yet, it is going still to run and get to the upper side, its important we are able to understand what will happen when a break out happens, am very very hopeful that it gets to 20,000$ this year so am not cashing out yet am still trying to get everything straight so working in this I still have to keep my eyes open , corona proved to us that things can change over night

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5 hours ago, Kariuki said:

Just the other day , Bitcoin slammed to a low of 4000$ and I must admit this could have been the worst I saw, but then there was more to come and then it kept on changing over and over, and one day , it just busted out , we were heading up, but got stuck at 7,000$  for weeks, I thought that was that, and were waiting for a big move whether up or down , and then it happened,  the big move happened, and the price surged to 9300$ per coin, bitcoin, and now we are stuck again, bitcoin has been ranging between 9,000$ and 8,700$ for a while now, and today all coins are red except EOS that is up 3%.

Is it time to cashout on bitcoin? I think it would be really right to head out with about 50% of what you have, to avoid getting into a blood bath in crypto , thats according to me, what do you thing guys?

Have a beautiful week.

The proven trick for making money with Bitcoin is to hodl and stop watching price :)

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There is still time for it to rise again, the price may rise again, and you cannot expect the Bitcoin movement and its path. The most important thing is that Bitcoin is safe. There are no possibilities for dancing, unless the mistake is from work I did, so it is better for us to wait if you need to withdraw

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NO!!

Rather its time to cash in, lol. But it would be advisable to buy BTC now and wait for its rise after the halving. The rise takes time, it doesn't occur immediately after the halving, so you are looking to make profit in the long run.

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for me, HELL NAW!!! Bitcoin is still half the price since the highest price it reached was $20k. Dude, If you dont want to risk your bitcoin anymore, I think its better to just go for it, I mean, if you've deposited your money to btc when the prices are lower than 6k or less than 1k of its price compared  today, then "YEAH", get that moneh out in the bank, then buy kfc with it. Just sayin. I hope I wasn't that harsh 😂. But if you're that bitconnect guy who's more confident to let the btc balance stay in, then its cool, im in both ways its your choice after all. Just go with your guts.  😎😎😎

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Pretty sure btc will make a change this year because of halving and so other altcoins will follow as well. Don't cash out yet as there is still chance that btc can increase more than $10k this year.

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I think this depends on you because if you have so much many then you take risk to increase more price . But if you're a small bitcoin trader then you cashout because this time so risky hold bitcoin. I think price again go down like 7k USD.

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I am pretty sure that we all have different perceptions on how to manage risk as each of us has different amount of money "invested" representing some percent of what we have for savings.  50% is what you are thinking is the best to do?  Is all right, as this 50% represents confidence on your choices and strategy.  I just read about "not to worry about price" and hold it for the long therm which I think is the way I would take.  Once I get some "satoshi" the prime reason to do it is because first I am confident about bitcoin and second because has been proved that direction of bitcoin across this year is going up.  Just remember, in case you are planing to hold it for long period of time that you don´t need that invested money so you can take the benefits of the lung run.  Halving is coming, expectations are high and yes, we all will be experimenting different feelings when price go up and down like the roller coaster it is, just set your strategy and if you decide to "sell in the news" is all right.  Good luck. 

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Of course it heavily depends where you bought in and what you expect to get out if it, but in general I don't think that this was the maximum we will see this year. Especially with all the hype surrounding the halving event, I wouldn't be surprised if we see a crazy price explosion sooner or later again. Besides that, BTC in its design is made in a way that theoretically it can only grow in value, considering there will be less and less bitcoin giving out into circulation over time. So I wouldn't even count it out that BTC one day will break through its ATH.

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I wouldn't suggest that. This year should be more of holding and less cashing out especially because of this current pandemic.  Prices of coins are low now compared to the way they ought to be. Wait till the pandemic is over. For now, just trade and invest to make more profit and keep holding. 

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When we have to be in a hurry, I think it is still too early to withdraw. Wait. Bitcoin is still volatile that it is declining and rising, but no one can know if it is a surprise, so the Bitcoin path cannot be expected.

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