Bitcoin Forum

Let's assume that we reach a new ATH of $1,700, what do you do?

if we reach $1700 because of the halving effect and as a bubble i will make sure to sell my bitcoin and buy back when the price went down again.

No way. There are not valid data backing 3x price increase of bitcoin just because Halving is approaching. At best it will be slight price boost - no more that $100-$150.
You will be a silly wishful thinking man for believing bitcoin can go that high, it would be a short lived bubble if that ever happened in 2016.

I appreciate that you believe I am thinking and a man, I'll take both.

We can predict, none denies it. But if the price go to $1700 every user gets a opportunity to grab it in a short time as the price won't get fixed to it for a long time.

I would sell 50% of my coins and keep the rest in my wallet 8)

If the price reaches +1000 $ after the halving, I will sell all my coins with that good profit and  I may buy again after the price go down as I believe that after any high rise, the price go down again as a lot of sellers would sell

I will watch the shakeout at $1700, sell at $3200, then buy the dip at $2400.

i don't think this possible.
buy hypothetically speaking, reaching $1700 in a couple of months means a super unstable price, so i will make sure to sell most of my bitcoins (i will never sell all of them) and buy back when the bubble is over and the price is back to normal.

Without a great increase of real world demand for bitcoin, $1700 would be a short living bubble so I'd sell and buy back after it settled on a lower rate.

i would not sell at 1700, i would wait 10k for selling massively, and not for selling and forget but for buying more

however if there is the opportunity to sell before that mark and gain more profit easily buy re-buying back, i'll do it for sure

I will sell all my coins if that price skyrocket to $1700 but everyone knows thats not gonna happen,  and if that happen, its just a bubble not too long to stay at that price.

I think it is hard for bitcoin to cross all time high 1k mark because lots of trader will short bitcoin at that mark again if it reach on halving.

If the price reaches ~$1200, I think a portion of the people who bought at around that price years ago during the last ATH - those who didn't already sell at a loss, ie, the ones who have been hodling since then - may well sell. Will that be a significant portion? WHo knows. Who knows if the price even goes as high as OP is assuming.

$1700?! :o
I guess a bit less smug about having sold in the $6xx back in '13.


Crappy meth. Not even once, kids, not even once...

If it gets that high it means there is a bubble factor and I would probably sell some due to the fact it could dip and dip quite a bit.

it depends on whn we are getting there.
i believe bitcoin price is going to get there and even more someday and by that point i will not sell but if it reaches $1700 in 2016 i would definitely sell because it is not stable.

I think I'm interested in the psychology of the conflicting market forces is the halving. IF Bitcoin goes high(anything north of 700), you will have people taking profit but you will also have attention from those who wouldn't otherwise be interested. I guess one thing I'm excited to watch from a case study standpoint is, for every person who exits to take profit, how many will buy out of fomo(or another reason).

if we reach that much in less than 6 month, I'll be watching the market very closely for any sign of dumping. and buy some at the bottom.  8)

Very unlikely to happen but if it would it could be smart to sell at the top and buy in again later.
Because such a rise will definitely see some correction.So this could be a nice opportnity to increase your BTC stash or take some profits.

I think most of us would pretty much do that.

Thats easy $40k in the bank if you held 40 btcs.. and serious good return if it was bought anywhere in $300-400 zone.

I will sell because it may just be a bubble and buy once it go down.

No I do not see this happen, there is a lot of speculation about it and its true that its not to predict.
But I think it has a good chance that it will let the price rise to a high amount so selling would be stupid, just hold them for a couple months longer..

The OP says let's assume. So if I assume that it really goes on that value. This is what I'm going to do.

I will secure my profits and buy something with it or wait for the price to go down significantly to re-invest in Bitcoin. That's what I will do.

If it reaches 1700 I would sell some to rebuy it a little lower (1600 perhaps) and hold some just in case it keeps going up.

Problem is, if you look at the last bubble, the price fell back, but nowhere near the level it started at. Basically if you sold at around $100 thinking it was a bubble (that was a 1000% rise from $10 level it was at previously), you had zero chance of buying back after the bubble bursts, because the price resettled at $200+ level

that is what I do. I hold most of my coins and use some when the price is high. This will help the bitcon community.

At this moment, I think that price will stay the same, this will dissapoint a lot of people and there will be a massive sell-off. That will be the begining of the new ATH or the total crash of BTC

There is a lot of variance in your prediction friend. Either there will be too much ice cream, or no ice cream. Wouldn't a more reasonable person find that there would be a more moderate option?

With the halving coming i plan to sell a part of my bitcoin, i really wish and expect a profit from them and keep the other part until the next halving.

Ditto, my peeps.  The halvening, I am pretty certain, has been priced in.  Still I am watching with breath a-bated and will be very surprised if we get a spike after the halfffing.  Stranger things have happened in bitcoinland, but I don't think we're going anywhere near $1700.

I plan to hold for long time but if we reach that in a short time I'd sell my coins and realise thee profit. After the pump I'll buy again and have more coins  (or same coins and some $ value profit), either way it sounds very good. :)

Fixed that for you

I guess i will just have to hold it to and wait for the next halving in 4 years that will double the price and i will gain much more profit.

the answer is pretty obvious, it depends :D
we are never gonna get there because of halving alone. but if we get there quickly in a couple of months then it is a bubble and the best option is to sell before the decline.
but if something big happens that pushed the price up naturally and over time then i will keep holding.

yes the price is too high usually will not last long. like when reach $1000, did not last long and then getting down. so when the price go to $1700, I will sell all.

1700$ is really a high price for this coming halving but if it comes to that price im sure it will go down fast and we might lose more.

With the halving coming bitcoin price will rise and there will be panic in the market the graph will shoot upwards then slowly go down.

Just like the graph a few years ago the price sky rocket then slowly goes down and just play on the price.

Pump is certain, but nobody can tell you how much is going to jump this time, and how low can it go again.
 I hope only we won't be surprised unpleasantly..Whales are those who control price..

Yeah there will be a pump with the coming halving and we have to be wise when trading because the price can change fast by the coming months.

Nothing. The eventual pump and dump will be too short lived to do much.
If a sustainable $1700 would be to happen at halving, the price rise should have started and should continue on a good ritm.

https://youtu.be/8zKuoqZLyKg?t=37m18s

In that vid there ^ the guy explains how once the miners start mining its very hard for most of them to stop so they mine at a loss.  Nothing to do but hold.

Everyone has decided for that to sell their coins after they benefit their investment amount with coins. You have to sell all of your coins as, I think the price will come to a lower price.

But it is not a good idea to only hold and wait for halving one after one. You have to learn some business if you have much amount which comes to be more beneficial and profitable.

Yeah holding is not good why hold when you can profit from invest and trading your coin instead of just holding it and you aint getting profit.

Holding wont give profit to anyone who is holding coins its better to trade in trading site with these you can earn more than waste your coin in holding.

If we reach that value of bitcoin before halving i will surely sell all my coins.
And accumulate again when the value crash in a stable value.
After halving surely the value of bitcoin will slightly stabilize to its reasonable price

Everyone will really sell their coin after the halving and that will really make a huge difference in price because of the mass selling that is going to happen in the market.

I also think that it is not possible that bitcoin will reach to $1700, it is a possibility that bitcoin will reach at $800 or may touch $1000 but for going to $1700 it will need some more years.

$1700 is not the price for this year. The bitcoin might reach that price in 2017 or 2018. The price could reach  $1200 this year.

1200$ is still a large price for bitcoin this year we are at 400+ and the halving will just let the price for about 600-700 and will stay at the end of the year.

But what after this pump? What we can expect after having?
Will the price stay on higher level, will this bring more attention to Bitcoin.
What will happen with miners? Only Chinese miners will survive.. ???

Hold until the halving comes.
What is the big deal, just hold your current coins. If it increases which it certainly will, sell then. That is a given if you ask me.
And to the above poster:
Chinese miners are the only ones profiting from mining as of 1 year ago, since they have factories dedicated to mining compared to the solo miner doing it from their basement. They pay more in the electricity then what they actually make in a day.

I also have a fear that holding for long time may embrace us with a loss, as more people are saying that the halving price increase at halving will be only a spike, so I think I have to sell half of my coins instantly when the price boost up.

We can witness alts rising again and this is because of bitcoin halving. Everybody expecting moon and moon is very small place for all of us. I assuming many will be disappointed especially those who are involved in ICO coins. All coins will be dumped after halving..Maybe even before.

This is scenario is not far from happening at all,everyone wants profit and dumping is the only way to get profit and with the halving its going to be a battle on who will last.

Last one who try to seat on chair when music stop play will be very disappointed.
But in this game there is only one chair and many players who are confident they gonna win.
All those talks about thousands of dollars for bitcoin are nothing more than a hype.

The user who has the highest patience level will be the winner, this time halving don't give a big jump as the last halving. So get a price similar to last time much patience is required.

i can not agree with you that the price will not grow significantly in very short period of time, people will start buying and when the others will see the price growing they will buy either

i hope there will be a huge pump that will allow me to make a lot of money, im topping my bitcoins up right now in order to earn in the future

Alt coins are going to dump like crazy soon, i am predicting we see $600 very soon.  Also many others are saying $200 undervalued right now. Look how tight the market is squeezing right now also.

With litecoin halving nothing happened, I expect movement in bitcoin but not so much.

I don't expect that people will start buying at halving, everyone who wants to buy is already bought or will buy on small deeps. We can actually be very surprised when price does not jump over 600$. It is not the same situation like 2013 year.

There are a lot people that always start buying when the price is shooting up very high.

It gives them confidence seeing the price go up I guess, and that's why they start buying only when the price goes up.

Smart traders start buying when the price is being dumped to the ground, and sell when the price is going up.

Yes today's bitcoin trend and potential are not same as 2013, bitcoin has got improvised in every aspects. I guess there would be any surprises even the prices hitting $1500 levels around halving.

Anything can happen with bitcoin price. With the present days price and growth percentage bitcoin is not gonna give profit in a short time as suggested. Even $1000 might be a miraculous value for this time's halving.

Even it could reach last times ath 1k$ everybody will sell like i will. But even it seems hard for bitcoin to reach that point.

But I think it can in this year happen only in our dreams, in actual it will reach to $700 or $800. But we can not simply ignore halving for no reasons. It may bring more investors to make bitcoin prices even $2000 also.

It is not very possible for the bitcoin to reach $1700 this year. But it is possible for it to be $1700 some time next year.

The halving is indeed coming but the  bad thing is that you dont know what will happen with the value after the halving, and I think personally that it is not even rising.
But many people will be bad if it is not going to rise after the halving and that is not good.

even if we reach the $1000 price level somewhere next year, then it's fine too. it allows the price to build itself up nicely. even if we see an increase of $200 per year, i am quite sure that a lot people will be happy with that as well. it's better to not have high expectations as you might get very disappointed when the price doesn't go up as much as you were hoping for.

IMO $1000 would be too much. After the halving if all ends well we might see around $700 or even $800 if we're lucky. $1000 would be way too off now, because a lot of sells would have come by then.

After or around halving, the price could be around $700. By the end of the year, the price would be $1000.

The bad thing is that you never know what can happen with the value later after the halving because there are a lot of people saying that the halving will be not that good for Bitcoin.
You can see that the value is not even rising now so that can be very bad for Bitcoin and for the people who already have Bitcoin.

But we've never been able to know what will happen with the value later. Predicting the future isn't possible. Not with BTC price, not with stock prices, not with sports events, not with anything. You knew that, right, before you started investing in BTC?

The price not even rising now isn't "very bad". It's simply the price not rising.

If you're not into making money, it's actually a very good thing.

With halving coming hype, and price rise and then dump. You can see this mechanism on every other coin, and it is almost the same every time. Natural price rise is conditioned by adoptions and investing of fresh money. At the end dump is only redistribution of Bitcoins and this is good from distribution stand point. :D

first of all, i am sure that we won't go to 1700$ because of halving, we won't go to ATH this year, because it needs time to go there, it won't happen in 9 months

and even if we would go because of halving, price would fall down again pretty soon because everyone would sell their coins instantly, so price will fall

I'll probably sell at $7k-$10k and buy back at around $2.4k

If i would have the chance then i would immediately sell a part of my savings in bitcoin for cash, then the other part i would invest in any altcoin and/or i would hold the bitcoin for a longer time.

I know a lot of people that are in the ALT coin market are hopeful that BTC rises after the halving because they anticipate people diversifying their holdings.

lol why in the world would you invest in some sh*t-coin ? Dont even uderstand the selling part.. Bitcoin is like wine, it just gets better with years , so better
to just hold it until thees not even the need to trade it for fiat

People are making good money from the coins that you are calling sh*t, a part mean a piece of the total. Don't put all eggs in one basket, i don't want to sell all my bitcoin at that stage, i want to keep a part for a future, maybe the price will be much better who knows.

With the halving coming this would be a great opportunity for the people who want to invest and buy bitcoins. I suggest that you keep track of the prices before you miss the halving. For the people who do not have much money to invest this is ideal. 

MD20/20
Nah, shit wine becomes undrinkable, turns to anything from meh to rancid vinegar.

well to be honest i don't think that we will go to 1700$ atleast not in 2016, as highest we can go is 1000$ and not more

but if we will go to 1700$ someday, first thing i will do is sell them, because i don't think that huge price like this will stay for long, so will sell now to avoid profit loss

said thepizza guy selling 10k btc for 1 pizza

anything is possible these days, i see a lot of accumulation by the big whales. all those bitcoins that they have been buying and are still buying should go somewhere. and they are not going to be satisfied with $1000 and such.

Since I don't have a huge amount of bitcoin kept, I will just be converting my coins to fiat when we reach the ATH this year..I will just leave a few again in my wallet, And probably make it grow again...  :)

you invest in altcoin because they have higher speculation right now when bitcoin is stagnant, it's a way to earn more out of your bitcoin pockets, instead of just holding

it's hard to lose with some altcoin, it's basically easy to tell which one will skyrocket

If it reached that level I would be kicking myself for not getting more but I would probably sell some and buy back cheaper as that price will not be stable.

Sell all my coins for USD, convert them to pennies, and shove every penny up my ass.

The price below $430 is good to buy. We might see the price around $420 in the next few months.

There are many people that is saying that the value of Bitcoin will not rise after the halving, and I think that it is true because you see that the value is now still stable now.

And many people are not happy with the value that is now not rising at the moment and I understand that because everyone wants to make profit with Bitcoin fast.

And what is the reason why you think this is going to happen?
Any explanations for that? Or just a wild guess and pure speculation?

if halving come is that means bad news for alts ?

In the coming months the price of bitcoin will slowly go up because of the halving and with the halving the price will not be same as today.

The halving is the only event that we are waiting for and everyone is waiting for it to gain money and with this halving the price will change.

The halving can make things happen with in Bitcoin. With the halving you will get the opportunity to buy more coins for a cheaper price. And the halving will attract many peoples attention. 

Just 13 weeks, countdown timer is clicking...

Lots more room on the train.

The halving is indeed coming for Bitcoin, only nobody will ever know what can happen with the value of Bitcoin and that is the problem, some are thinking that it will keep stable.
But the most are hoping that the value will rise in the future, but we cant control it.

Not necessary to see it rising only as the price is already high currently if you see the charts correctly, as the price was $210 before and now it is over $420, so do you still think that halving's effect is yet to be seen???
Whatever you will see will shock everyone... ;)

The halving will have effect mostly after the halving event, or even several months after. This happened in 2013.

well chances that it will happen are very small, price of bitcoin because of halving will rise for sure, but i don't think that it will rise from 430$ to 1700$ just because of halving, if price will rise other days too then it might rise to 1700$

highest it will go is i think 850$ and not more, price we have now is too small to dream about new ATH, about 2700$

Yeah the effect of the halving will only take place months after the halving and there we will see the real price of bitcoin.

since it wasn't a sudden rise then yes i am still waiting for a halving rise (or a bubble) to happen. the rise from $200 to $420 did not happen in a short time not even 1-2 months, it tool a very long time with slow and steady rise to this point with a lot of ups and down. i like to believe that is just the natural growth of bitcoin from $1 back a couple years ago to $420 now excluding the big rally.

The halving rise could have just started. The price has risen from $420 t $445 now. It will rise slowly.