Bitcoin Forum

Time I was really confused, bitcoin prices have gone up to more than 1500 USD, I have little bitcoin deposits whether at this time should I sell or should I save to wait the price more than the current price that may reach the price of 2000 USD?

What is your opinion for me right now?

If you are looking for money from trading bitcoin to fiat money, it is time for sell bitcoin and wait up to
there is fluctuation of price bitcoin then buy back bitcoin, it is time for taking profit,
but if you just want make investments into bitcoin for long term or put your whealty in bitcoin
it is time to hold and save because the price will be more expensive.

I'm not telling you what to do so you can't sue me, but right now I'm looking at the market, seeing a bubble with basically every single exchange acting independently of each other and zero cohesion between them. This means, for me, to sell as close as I can to the peak (or even on the downtrend) as long as I walk away with money, because there should be a correction and a pretty hard correction at that. People using values on sites like BTC-E and going to Bitfinex to sell it for +$100 above spot value inflates the price, and it means there is no support for it.

Really once you all depends on the goal when playing bitcoin when to make money is currently right to sell it, to wait for the buy price when bitcoin down because we know the bitcoin price is always changing at any time, all decisions are in your hands whether to sell or save Depending on the needs of each bitcoin owner

Some analysts are expecting btc to reach around $2000 by the end of the year, I would devote around 10% of an investment portfolio into bitcoin

It depends on peoples needs and wants. Because we can see that bitcoin have the capacity to increase or pump its price on which depending to the community who supports it or fluctuation or law of price and demand. And if you are willing to try to invest it as it earn more for future and local buisnesses transaction. I see no reason of not selling if you are in need but it is better to save for more earnings and investments.

If you are fan of trading then mostly people will sell their coins from this current price, there must be profit if someone buy bitcoins from $900 months ago and now its already $1500. But if people wants to hold because they are expecting huge in the future then save/saving bitcoin is important to them

dont be so binary EG dont think about it as: buy all or sell all..
buy/sell in percentages of confidence you have in it going higher or lower

if your half unsure what to do.. as long as your in profit. sell half.. for instance.

that way if it continues going up you still have half your skin in the game.
if it goes down you got some profits to buy in cheaper and average out the other half to be more profitable later on another rise.

it all depends on your actual need of the funds for the next year. or if the funds you have invested are more for retirement in 5 to 10 years+ which can help you decide if you should care/get emotional about the temporary daily /month changes

At this point you just hold and wait for a quick drop of more than $50. You should definitely have your finger on the trigger. Make sure you have a plan in place to cash out. I'm hoping we go over $2k before it happens.

Well it all depends on you, if you really want to make money real quick you should sell it but if you want to earn more you should probably just wait for now.
There are many speculation that the bitcoin price will reach $5000 this year so patience is virtue.

Even if you correctly call a top and Bitcoin starts going down, where do you get back in? $1300? $1200?  Some people have sold at what they thought was a peak only to then get trapped out or forced to chase the market.   You have to ask yourself: Am I an active bitcoin trader, or a long term investor? 

$5000 is something a very big price to be reached in a short time period without any specific incidents of halving or similar such activities. In my view the price is expected to grow in a stable manner but reaching such a big value within the year end is possible only on etf or official acceptance of​bitcoin by few more Countries.

You could probably sell now and rebuy in the 1300s sometime soon. But in a few months it will still be climbing 1600, so, it depends on if you want to risk missing the window to buy back in. For example, I thought BTC was going to go down from 1375 for a bit, and I sold. A day or two later was still climbing so I just bought back in and lost a very small %. Glad I did though because now we're at 1550.

 There's nothing stable about this growth.  In forex trading when do you ever see one half of a currency pair ballooning this quickly?

Do you want to save until tomorrow, or until 5 years ?

I can only say what I would do, and I would hold on for at least two months. But it's up to you to decide the best decision for yourself

I would say sell at least 20% or 25% of your bitcoins and hold what is left. If you look at it you could get a profit even at a small amount. Then if bitcoin is dumped buy it and then repeat the process if it pumps again.

It is about how much BTC you are holding. If you are holding less than 1BTC then definitely sell all and buy when it gets dump again. If you have more than that amount then sell 25% or less and hold the remaining.

It would depend on how much you bought at before the price surged to this level. The choice is always yours, but always have a portion for holding so you won’t miss out in case the price goes even higher. If you can afford to hold everything and just wait, that could give you a higher yield because I have read that many investors are bullish on bitcoin. If we break the $1500 barrier, $2000 is just around the corner.

The opinion of each and every person will differ in this forum, so try and understand what is in best interest. Since you say you have little then I suggest you can afford to hold it. In case you need urgent cash, sell it. However my personal opinion would be to hold it and hold it tight. This is just the beginning and it shall keep on shooting up and up. There is no need to panic sale now and it's best to keep them and at a later date sell them. But do consider your finances before you make any decisions.

If you can answer this one correctly then your next action will benefit you most.  As for me, I always hold when it comes to Bitcoin unless there is a need for me to convert it to fiat money.  The stats show that bitcoin will increase more in the following years.  Holding it right now will give you profit if you are a long term investor. 

lets just hold it for now. there are too any aspect why bitcoin will skyrocket.. patience is the key!

I read somewhere that a correction is really coming soon and it can decrease in value but there seems to be a continuing rally that can catapult Bitcoin in the $1700 mark before this correction could occur. So if this analysis would be true, then maybe wait for Bitcoin to reach in the $1600+ level before cashing out.

Disclaimer: I am just a human being like you and I just took that idea somewhere I could not guarantee that it would really happen. Trade at your own risk and if you lose then better luck next time.

It all depends upon how much profit you are in and when it comes to trading greed is a factor that will reduce the amount of profit but if you are looking for a long term profit then you are good to keep ,if you are carefully watching the market then you will know whether the market will correct or not,you have to spend your time online and since the bitcoin market is round the clock you have to be vigilant all the time.

Think Bitcoin as a insane big Gold Mine that wont be able to be mined forever.

The day that there wont be anymore Bitcoin to mine, price will increase drastically.

If you think longterm holding, you are a winner.

If you holding good amount of coins at the moment the its time to make some profit.Sell it now then buy again when the value decreases and start waiting again.  This type of buying and selling is normally done by traders. For a normal person like us, the only thing we can do is that get hold of coins and keep it save for 1 period of 6 months or so and then sell it on a double profit or more.

We can`t all be winners, while some of you are saving for one day, other people are spending bitcoins and with that we are helping bitcoin economy to grow. Investing, gambling, what ever you do it`s important to make transactions, to send and receive bitcoins. If everyone just save then bitcoin can just collapse one day, cause of that I`m for spending and rich people can save for future, I don`t have funds for that I need to live today and I need money now, that is my situation. But bitcoin will worth 2000 one day, that is question of the time.

That's a wow thing to have if $2000 is worth happening and holding it is a right thing to do for now and I don't really mind those rich people, whatever they do whether they will save or sell their balances. If you're thinking of possible collapse onday, well I must tell you that you shoud stop on your investments, because nothing will happen if you always be afraid of anything and risk is always a part of business; and that's reality. Be brave with your decisions and I am confident that bitcoin will became more popular in the world 5 years from now, just be positive enough.

We should do both, we should sell some of our bitcoin to secure the profit and save the rest for long term so if the price rises again, we don't waste the chance because we still have bitcoin in our wallet. Don't just keep selling or saving, balance your action so you will not regret in the end of the day.

I don't have that many coins in my wallets. So selling them is out of question. I am now thinking whether to purchase some coins in exchange for fiat. The prices are too high... so I have to think again.

Selling now could be profitable since the price could get a correction and drop down
Holding your coins could be also profitable since the price could get higher and higher
My opinion is hold and wait if you don't have much coins or else you could take the risk and sell a part from your holding which I think it is much more gambling right now

I choose to sell some of it because I think this is already quite high. I'm sure there will be a decrease in the price of bitcoin, After that, I would buy again. happy trading :)

Nice decision, I'd say. We should not get too greedy. If your target has been reached, then you should go according to the plans. Hopefully, you would be able to book a nice amount of profit by doing short covering.

Exactly, It's based on what the individual situation to sell or wait. If they need the money now, then why wait? But for me, I would like to save more bitcoins because its getting higher everyday so long term investment is really good. Just save like 10% of your salary to bitcoin and it will multiply exponentially in the next years to come.

It is the same question and only the amount of USD changes. Therefore, if OP is interested to fiat then which was the rate usd/btc when he bought? Secondly  what are your beliefs about the course of bitcoin. Third why not spend it and buy with less money this thing, assuming that there is store which is bitcoin friendly, that was cost about $1000 some months ago?

We have seen the same question every time bitcoin price is spiking. The answer is always the same:
if you need fiat ASAP or are fine the level of profit selling BTC now will generate for you then sell.
But truth to be told, if you wait then Bitcoin will be even more valuable in the future.
Imagine the price range after next halving in 2020, it will be probably more than $5000-$10000 per BTC.

first of all i can see $1485.7 bitstamp and $1492.9 coinbase prices not $1500.

there are so many different approaches one can take.

if you are a trader or want to trade and make profit then sell after there is a spike and buy back as fast as you can in the first dip without hesitation.
for a bit longer term trading you can wait for a news that you think can cause a big dip like the rejection of ETF and then sell but you have to be extra quick and also factor in the possibility of the exchange platform going down because of high traffic. and then buy back after a couple of days when there is a big dip.

for a real long term. don't be foolish and don't sell. $1500 is too small to sell :) wait for $10,000-$50,000 and sell.

I think this just depends on yourself and your sistuation. Ask yourself, what is it that you need? Do you need money right now? Are you going to make profit from what you've invested if you sell right now?

These are the questions you should ask yourself when you're considering to sell. If all the answers above are no then just save up. As for me, I'm saving up for now even though I would make a bunch of profit right now.

Indeed there is a chance to decline, but if you look at the statistics we will even rise again.
I am just like you. I sell 40% of the bitcoin I have, and I try to pray that another 60% bitcoin can make a bigger profit.

If you asking for opinion, it will give you more confusion so better take a time to make a self analyzation on what's going on.

So you should sell? Why in the first place? If you want to cash it out then it's up to you. Why you will hold? We don't want to spoil the current trend so why sold?

Keep in mind, that bitcoin is meant for long term. So it's up to you if you will hug the FUD, hug the price increase rally or avoid FOMO.

Yes of course everything depend on the owners of bitcoin what will be done buy,sell or hold,
also everything depend on the strategy investing into bitcoin short time investments or long time investments
if wanna be traders must short time and if wanna be investors must long time.

I do both, and if something's happens I'll know that I have saved some and in that way I won't lost much in case the price go too low.

If you want the money immediately then it is the best time to sell all your bitcoins and get the fiat,on the other hand if you dont want to get the money right now,i  would recommend you to sell it when the price of bitcoins would be 2500$,i guess it will be the highest in the year.

Would you like just a single slice of plain cheese pizza now or would you rather have a whole extra large pizza fully loaded with extra cheese and all your favorite toppings on it along with a jumbo tiramisu cake for desert later without having to do anything extra other than waiting a bit?

If at any given time you see Bitcoin's price increased more than 20% in a week and it didn't go back down at least 25% in the coming 10 days then know for sure either manipulation is at it's extremes or it's a real demand of the free market backing the price up.

Next 10 days are critical IMO, if market can hold the price then it means that we've entered a new phase of wide acceptance and awareness and we should as well keep supporting it.

But hey people, Bitcoin really has usefulness, we can transfer wealth across all countries without even a single third party with the ability of blocking or freezing your funds, and we can only have 21M Bitcoins and we have the largest multi-billion dollars mining industry, all the ingredients for a super price digital currency.

If you haven't already figured that out be my guest and dump whatever you have.

The question is do you satisfied with the price? Because today price is 1500$ and you wait for 2000$ when it is 2000$ you will wait for 3000$, so it is depends on yourself when you want to sell or to save, if you want to invest then hold your coin if you want to enjoy your hardwork then sell it

Has anyone so far bought bitcoin before this month, held, and lost money before? So far we can safely say that HODLing will result in essentially guaranteed profit, although this could change. I'm not referring to any specific period of time HODLing coins, but rather in general, though. Unless you really need coins, I'd say just hold off on spending and keep HODLing with us on the forum.

Surely price drop will be experienced after a steep pumping everytime. So this time too it's not an exception. We can soon have a price drop, so it's good to profit at the right time. But always the drop generates a panic among the users profiting the big players.

Bitcoin has come up with incredible prices. And I've sold almost 3 bitcoin at rate $1400. Bitcoin is really an investment choice for my short term.