Bitcoin Forum

What should I do when the bit coin price goes up like now?

If you have btc, then hodl because the price is going up. You never buy while the price is going up, especially when it's surging like it has been in the past few days. If you have some fiat that you want to invest, you may look into some altcoins. You can trade altcoins faster than btc, and if you get lucky you may come across altcoins which go up by like 60% in one day.

I agree. Here is a list of good altcoins, in my opinion:
- ETH
- Litecoin
- Monero
- Zec
- Xem
- IOTA
If you have available funds then buy these altcoins.

anyone had any idea if BCC is going to go up in BTC valvue anytime soon?

never say never! in the past days there have been a couple of 10% profit opportunities available to gain a massive profit over the swings that bitcoin has. and also whenever price rises like this you can have a good chance to sell and buy back after it went back down in a correction.

also investing in altcoins is not so wise right now, specially with fiat because if bitcoin price falls, the altcoins will fall. some may go up against bitcoin but since bitcoin is dropping itself their USD (fiat) value will fall hard. for example LTC that is $100 will drop down to $70 or $60 but its BTC value will rise a little not by a lot.

When the price of bitcoin goes up just sell it then buy Altcoins. It will be increased for sure. Because people sell Altcoins to buy bitcoin so that why bitcoin price will be increased.

Nobody can't say when bitcoin explode, but for now it is the most liquid coin which brings the real profit to the owners. I suppose few altcoins will also rice in the price after bitcoin will cross 20000$ point, such as Etherum and Litecoin. Currently I'm investing in them, but 20% of my weekly payments I stay in bitcoin. So, combination is going to be the best strategy by my opinion.

Both! It depends on what type of investor you are. If you have much time to trade in ALTS, then go for it. If you just want to play lazy safe, then go for Bitcoin.

Friend, remember one thing - always hold 50% of your investment capital in BTC. Look at this year, BTC made x15!
Choose alts from TOP 15 coins (except BTG) and invest in them in equal amount.

If you currently have bitcoin in your wallet just hold it for at least 2 years. The price of the bitcoin is going to rise even more. If you don't have any buy now before it's too late.

Do not keep all the eggs in the same basket because when the basket is falling there will not be many eggs you survive, so also when we have to choose between BTC or ALT we do not trust completely on one option because when the choice fails then you will not resemble be successful at the moment, but when you choose both then the chances of loss are 50:50. And when we are required to choose between the two then I prefer BTC because the movement of the price is very significant and has a promising profit.

If you have any btc any resistance, if in doubt do not come to sell at high prices then buy at a low price. Sometimes when we sell suddenly we have obstacles for example, power outages, the internet is chaotic and something unexpected happens, when all the normal return btc price has made us lose because sell it.

If you have alcoin spin by buying and selling between altcoins, then wait for the right time to sell to btc. Or to the closest bitcoin brothers such as bitcoin cash, or altcoin old eg ZEC, DASH and ETH.

Good luck in your choice.

If you hold BTC then holding is your best option while price is surging if you want to diversify then maybe go with 80% given the current price and rest look at the blockchain activity and decide which one is the better one and invest.
A good resource for that is http://blocktivity.info

Bitcoin can be used to buy things electronically. In that sense, it’s like conventional dollars, euros, or yen, which are also traded digitally.

However, bitcoin’s most important characteristic, and the thing that makes it different to conventional money, is that it is decentralized. No single institution controls the bitcoin network. This puts some people at ease, because it means that a large bank can’t control their money.

You might want to give more details to your question the next time around. This is kinda lacking in sense and specific detail. Anyway, if you have Bitcoin then you should be enjoying the bigger growth. But if your portfolio is mostly made up of altcoins then I suppose you are suffering in terms of your portfolio's value. What you need to do is to wait for your altcoins turn to fly. This is not yet their time.

You can choose both. Bitcoin prices will always keep a new record, even if we buy it when the price is high, so there's nothing to worry about. Unlike altcoin, you can not easily predict its price in the future. But if you are lucky then you will get a bigger profit than you just trading bitcoin.

If we tell you to sell all btc while the price is going up, would you do it?
But the obvious answer to your question would be hold your coins, there's no need to sell when the price is going up, unless you want to cash out some profits after buying low.
Although, there's a dip in the price today (around -9%), so you can take advantage of it and buy some cheap btc.

if you have some BTC hold it because price to grow up.
but in my opinion, it is better for ALT because the price is still low and I am still able to buy it.

Now is the time to keep btc if you own it is not a good time to invest. The current price is very high and the price risk decreases as the demand becomes less and less. So this time you should probably invest in altcoin.

I think the most promissing alt coin is the IOTA because of the Tangle. You see, now there is more than 216000 unconfirmed transactions in blockchain and it is still growing. With IOTA the more transactions the faster it is, at least in theory...

Hold. This is the best thing to do if the price of bitcoin is rising. This is the best time to wait until bitcoin price will hit the highest price. In zimbabwe I think they already have $20k price of bitcoin, here in our country we just reach $16k and I don't know what is the reason behind that why we are having a small amount of bitcoin compare to Zimbabwe. Well, it is not still bad for us to have $16k for the price of bitcoin, I will still hold until I can.

alts all the way
invest in altcoin = EZ profit
we do not know how long the bitcoin keeps rising
so it's better to switch to altcoin

Keep holding btc for the next few years. Its only that if you want to take out some profit you can sell out and invest back those profits in altcoins. It seems the rally will continue till some time so try to make the most of it and then convert to altcoins which could be make the year 2018 the best year in terms of the return.

There is no right answer. On the one hand we have growing af BTC, but this will end sooner or later. And you should be there at this moment.
But altcions calmed down before the storm and maybe this could be even better investment.

True,  hold as long as you can because even if the price of bitcoin is high now it will still continue to rise.  I have been active in this  forum when bitcoin was just around $500 and look at it now.  Bitcoin does had a huge growth and I think it will still grow after more investments come.

About the difference in the bitcoin price between us and Zimbabwe, it is my first time hearing  it and if that is the case there must be something about it.  Imagine the $4 000 dollars difference,  its too big to be a difference.

If you are in a little panic then withdraw some of your bitcoin just to ease your tension.
I did that. Took a little of my investment just to be sure I will still have something left even if it goes down.
It is not being a coward but just making sure you will still have enough for yourself and your family.
Now the amount left will either be going up again or will be down.

If you are thinking about trading it to alts then you better look for the best one. The one which could line up with bitcoin.

If you don't have a bitcoin, you will do is to earn bitcoins because even it goes 70k you will not be benefited. Unlike if you have that bitcoins, you will do is to hold it on your wallet, just keep on watching every changes of bitcoin. If you think you have high profits then sell your profits only, leave your capital on your wallet because it can be earned again. Remember, don't think that bitcoin will always go up. So be attentive because if it will goes down I am sure you will loose your opportunity to earn. It is simply logical.

If you have BTC, then keep it a good time now. Now is not the right time for investment. Because the price of BTC is rising is not stable. But at the time you should invest in altcoin.