Bitcoin now drop for a while should I sell this or hold what should I do?
I have huge btc in my wallet.
Please share your opinion about this.
It will be your choice wether to sell or patiently wait until.its market value again, increase. Bitcoin is volatile in nature and changes on its market value such as deflations should not be that surprising. it is normal in other words. And with such, if you are aiming for bigger prifit in the future, you better HOLD since it is expected to be more expensive in the future. That's right, it's your choice depending on what your goal is. If you feel that you would need to dispose it for profit right now basing on how much you got it for, then by all means, you should. But, if you think that you should get more profit from it, then hold on to it. I, personally, would choose to hold onto it because it would surely rise up, bitcoin has that characteristic of going up and down in mere seconds, which should be expected by now. So, like most reply states, no need to panic. Exactly it is depending on our decision either a person wants to hold bitcoin or want to sell it. If a person is having a lot of money that he can get easily what he want then it’s not god to sell bitcoin but if he is not having money and having very serious problem then he can sell it at the time of need. Bitcoin is not going to lose the price so selling for low price will not go so down its good to hold it and wait till it is able to make profit for us. That's right sell it only if you need money or else holding it longer would be more profitable as price will keep on increasing in future so selling at that time will give you more money in hands and if you sell it now and then you will regret in future for not holding it and if its giving you good profits now then you can think of selling some of it but make sure that you save more for the future and not sell everything at once. |
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Generally I use my bitcoins on trading sites so it cannot be called as spending bitcoins but it's investing in altcoins and as price of bitcoins is getting higher and higher so my main goal is to save it for future without spending it at a moment and I sell it only if I am in badly need of money.
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When the price of bitcoin was low in the past I used to spend it online for buying digital goods or buying the games but as now price has started to increase I have stopped spending my bitcoins as saving it longer can be more profitable and will spend when price will be very high but I do sell some of it when I am desperately in need of money and if not then saving is even better.
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Buying now can be risky as its already ATH price so its good to sell some of it especially if you are making good profits from it and its good not to get too greedy so you should sell and collect the profits and you can always buy it at a dip which is highly possible in coming days when people will start dumping their coins.
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The most stable income will be just from holding your bitcoins and doing nothing  Holding is better but to make profits you also need to sell your bitcoins regularly when you are getting good profits from it as only holding will never give you anything but its good to hold some and invest some to grow your bitcoins even faster and make timely profits and that can be done by investing in altcoins as it can give you profits regularly. |
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Its a great capital to invest so you cannot afford to take risk of investing blindly in any coin and hoping that it will pump in short term so its better to invest in bitcoin and hold it for a long term as it will surely give you good profits in long term but if you want to make it in really quick time then you should start looking for good ICO.
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I don't have any plan to sell my bitcoins at a moment as the price is getting higher and higher and it is predicted that price will touch $13k in this year so I will hold my coins for now and start selling little by little when it gets closer to that price and who knows we may even see $15k price pretty soon as anything is possible with bitcoins.
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Most efficient way of earning bitcoins today is offering services and getting paid with it.
Simple, legal and efficient.
What you are saying is true but it will never generate 1 btc in a month and it will give you only limited income so if you want to earn 1 btc in a month then you have to take a risk of investing higher capital either in trading or in any ICO as if price pumps then you will be earning good profits regularly but higher capital is mandatory to get higher profits. |
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Well it currently hit the 11,000 USD early december if might be possible for the king of cryptocurrency to hit the 12,000 or 13,000 US Dollar price on December 31, 2017 or could be earlier than that with the demand of bitcoin is increasing especially that more people are taking their chances by investing in bitcoin.
Yeah, the price is over 11000$ making it too costlier than ever before and all this happened due to ongoing increased people's demand for this cryptocurrency. Now I consider the price will be 13000$ or even higher before the beginning of 2018 since the currency is gaining more and more popularity for which people are investing in it and making the price to reach the sky... Yeah $13000 is expected to achieve at the end of the year or may be in beginning of next year as people are buying more and more bitcoins and that is the reason price is continuously increasing so the best thing would be to hold your bitcoins now and enjoy higher profits later on by selling at the higher price. |
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$11k is huge amount for Bitcoin price i do not expect that, but so I better to sell right away all my Bitcoin and wait then to buy it at a cheap price later.
Well that's true $11k is a huge amount for bitcoin, but for me bitcoin price can do more, bitcoin price can rise more, so i dont gonna sell my bitcoins even the price of it is $11k, because i know that bitcoin price can totally rise very well if i will just hold it, for me im gonna hold my bitcoins even 3years from bow before im gonna sell it. Holding for long term is good to make higher profits but if you have bought your bitcoins at very low price then you can afford to sell some of it right now and collect the profits as the price is really good now and can fall in coming days so without holding longer you should sell at current price and buy again at the dip. |
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Price is below $10k now so I think its the best time to buy bitcoins and it was good time to sell bitcoins when it went above $11k few days back so if you are planning to sell then better to wait for some more time as this is not the best time to sell and it can go higher once again in next few days so better to sell it at higher price and if you have some excess money then you can buy it now as this price can be treated as an low price.
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Yes it is a still good time to invest in bitcoin because the price of bitcoin is countinously increases. Those people who does not invest in the bitcoin earlier do not think bad or shame on it. There was an other opportunity to correct their mistake by investing the money in bitcoin and gain more money from the bitcoin because the price of bitcoin is countinously grown by the people because the demand or popularity of bitcoin is grown countinously increases by the people.
Yeah that is right and we should not regret for not investing into bitcoins in the past when price was low as whenever you invest in bitcoins it will give you best profits in long term and many people will consider current price very high for making an investment but if you invest now and wait for next couple of years then it will surely yield you best profits. |
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You cannot become rich with bitcoins if you have limited bitcoins in your wallet as you cannot expect that its price will be in millions in future so if you want to become rich with it then you need to accumulate very high sum of bitcoins which is not easy especially if you are earning it as earning will give you limited amount of bitcoins and not possible to buy more at current price as its not affordable for majority of us.
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We are very close to $11k now and price is going higher and higher so I won't be surprised if it achieves price of $12k in next couple of days so I will hold my coins and sell when I see $12k price which is likely to achieve now but we may also see correction in price but it will recover back soon so holding looks good to me at a moment and even selling some of them is not an issue as price is really good to get best profits.
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Tomorrow just a formality for Australians, they will win the match within lunch, the way Australia bounced back to the match is fantastic. Hats off to steven smith for his fabulous innings.
In the other match, India will win the match. Srilankan bowling looked very mediocre, Kohli toyed with their bowlers.
I expected a much close encounter between the two team rather than a one sided effort,full credits to Smith on how he performed ,When it comes to the Indian series ,it is a expected result as Srilanka has a very weak team,they do not have the strength to trouble any world class players in their line up nor do they have world class batsmen . Actually England both batsman and bowlers didn't do a good job in the second innings compared to first innings. That's why Australia can win the match so easily. It was a complete failure in the second innings for England. India match was expected it will be a one-sided and no surprise. SL will lose all their wickets before the end of today and India no need to bat again in the second innings. India won this match by an innings and 239 runs. SL all out for 166 runs in second innings. It was an expected win as Sri Lanka didn't look good from the first innings and Virat was fantastic.Full credit to India, Sri Lanka will have to improve in all the fields and learn from their mistakes. Team Sri Lanka has been really struggling in Test matches as they don't have any experienced players in the team and it will be very tough for them to bounce back in the series as India is really strong team at home and they are gonna win this test match series for sure. Many new players are coming to the SL team, and the SL board is also trying to make his team strong but what they do no one is playing good cricket. This is very sad for SL team I don't know when this team will bounce back. Congrats to team AUS. the result was expected and the 1st 4 days was very entertaining. Lack of experience , if you ask me. Only Rangana Herath cannot win matches for SL, if you see the way they gave away their wickets you will understand that SL team needs great improvement and more hard work . Basically, it is a management issue because once they had a superb team to win against any teams in the world. During that time they should have started to build parallelly second teams to replace these seniors members once they retired or not performing. These new members need time to gain experience to face good teams in the world. Yes this is completely a management mistake. What exactly happened means when the team is playing well they did not give a chance to the new players to play with senior players. You know when new players will play with senior players they will learn a lot of new things from them. But this does not happen in SL team that is why they are giving a poor performance. Agreed with you, Sri Lankan cricket board has failed big time to form the team after the retirement of the biggies. There were a need to groom the new and inexperienced players under the seasoned players before their retirement. Their batsman and bowlers are struggling to give a descent performance against the Indian team. It would be really sad if the balance match will be one sided, Sri Lankan team has to fight back. India is performing well at home but even Indians can struggle overseas and if they manage to win Test series away from home then Indian team can be considered as a good team and at home it will be really difficult for any team to defeat India as players will surely struggle on Indian pitches especially against the spin. |
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For long term - yes
For short term - no
Bitcoin is likely to crash in coming days when people will start dumping their coins and that will create panic in market so if you are looking for short term gains then better to wait for next couple of days and see how price behaves and if it falls then you can buy it at much cheaper price.
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I heard about bitcoins for the first time from my friend way back in 2015 when bitcoin was not too popular among the people and very few were aware about it and that is the reason I feel lucky and consider myself as an early adopter of bitcoins as at that time price was too low and that was the perfect time to get into bitcoins.
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I have recently took investing on poloniex serious. Ever since I've invested the alt coins have been down. Do the amount of coins I posses go up if I stay. Also, do I have to wait for the coins to go back to their original price that I bought fo in order to make a profit? What are the reasons to holding if prices are down? Thank-you.
You are right place on poloniex. it is better and very secure to invest your coin and you can try bittrex . it is one of the best platform to make money online . Now you can buy only bitcoin it is best for you because in December will be a fork so now you need to buy bitcoin. If you are looking for short term profits then its risky to buy bitcoins now as price can even crash in coming days but if you are long term holder then nothing wrong in buying it now as price will increase more in long term and will give you best profits and even its good to sell some coins at this stage as price is really good now. |
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I totally agree with you. Bitcoin is boosting up. Whenever I think that this is the highest price of Bitcoin and now it will not rise,the next moment it surprises me with a huge jump. Two days before I sold some of my Bitcoin's as I thought that 8000$ is a very good price but now I am regretting because the price has reached 9000$ mark.So yes holding is the best decision and you should only sell your BTC's whenever there is actually a need to sell it otherwise keep on holding.
Yeah sell it only if you need money or else hold your bitcoins for a long term to get higher profits and even I sold some of my coins at $8k price as I thought that was the good price to sell bitcoins and it also gave me good profits but I am not regretting on it as price movements is a common thing in bitcoins and I am happy that I made some profits by selling it at that price. |
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I agree that trading is not easy,
I prefer to buy and keep my coin,
ICO is better
Not trading
Yeah if you don't have any knowledge of trading then its better to stay away from it and either invest in ICO and wait for the price to pump after the launch or simply hold your coins in wallet as trading requires good knowledge of market trends and that will only help you in buying or selling your coins at a right time and if you lack knowledge then you are likely to make wrong moves which will result in huge loss. |
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