Dilemma: sell or hold with these high prices & upcoming fork

[simplymieke]

I do own some cryptocurrency, but when I bought it I was in for the long run - and I'm not realy into all the technical stuff. Maybe you can say I'm a newbie with some experience in buying, but nothing more...
That's why I'm looking for some decent advice...


I just have a couple of Bitcoins, but now it the price is going through the roof I 've made a +900% profit.

So I'm facing a dilemma of which I can't seem to make a choice.

Either I cash in (part of) my Bitcoins now the price is above $7000, or i don't.

My limited knowledge makes it hard to decide.

With the Segwit2x coming up, it might be a good idea to hold, since that will (eventually) make me money because of the so called 'doubling' - The more BTC I have, the more of the other coin I will get (B2X).

On the other hand, yesterday I read some articles in which was stated BTC price would be corrected to $5000 just before or after the hard fork. That'll mean I'll be losing money again.

And what if the B2X will become the strongest version of the two?


I was thinking about maybe selling part of my BTC to purchase some other Altcoins - they are all bleeding, so maybe this is the time to buy them for good profits in the future.
And if I decide to do that, which ones should I buy? - There's so many of them. (I'm really not good in identifying trends in order to be able to 'predict' (as far as that is possible) which one has potential, and which is just crap)

So I'm really in doubt here.
Maybe BTC will keep rising, and I may regret selling (part of) it later on. 
On the other hand, being greedy is dangerous. Maybe I should just take the +900% profit and go on, trying to find other promising altcoins with great potential.

Like I said... I'm not much more than a newbie to this matter, so I'd really appreciated some good advice from people who know what their talking about...
 

[valid46]

It`s a real dilemma, which is also disturbing me. Can`t decide, to buy more bitcoins, or not

[crairezx20]

Well for me in my own better to hold if you already had bitcoins because we don't know what will be happen after the fork.. or buy more bitcoins and then sell it after the fork you should be early so that you will not lose the opportunity to make a good profit since we know all every fork the price increase but after the fork expect that we will see  huge price drop.
So it depends in your decision right now if you really wanted to make more profit or not if you invest more in bitcoin there is possibility that you can make more fork coins after the fork.. while you can sell your bitcoin while the price of bitcoin is high..

[Hermes Mercury]

I do own some cryptocurrency, but when I bought it I was in for the long run - and I'm not realy into all the technical stuff. Maybe you can say I'm a newbie with some experience in buying, but nothing more...
That's why I'm looking for some decent advice...


I just have a couple of Bitcoins, but now it the price is going through the roof I 've made a +900% profit.

So I'm facing a dilemma of which I can't seem to make a choice.

Either I cash in (part of) my Bitcoins now the price is above $7000, or i don't.

My limited knowledge makes it hard to decide.

With the Segwit2x coming up, it might be a good idea to hold, since that will (eventually) make me money because of the so called 'doubling' - The more BTC I have, the more of the other coin I will get (B2X).

On the other hand, yesterday I read some articles in which was stated BTC price would be corrected to $5000 just before or after the hard fork. That'll mean I'll be losing money again.

And what if the B2X will become the strongest version of the two?


I was thinking about maybe selling part of my BTC to purchase some other Altcoins - they are all bleeding, so maybe this is the time to buy them for good profits in the future.
And if I decide to do that, which ones should I buy? - There's so many of them. (I'm really not good in identifying trends in order to be able to 'predict' (as far as that is possible) which one has potential, and which is just crap)

So I'm really in doubt here.
Maybe BTC will keep rising, and I may regret selling (part of) it later on. 
On the other hand, being greedy is dangerous. Maybe I should just take the +900% profit and go on, trying to find other promising altcoins with great potential.

Like I said... I'm not much more than a newbie to this matter, so I'd really appreciated some good advice from people who know what their talking about...
 

everything depends on your goals, interests, I'll hold think bigger things are coming, September  bitcoin $ 3800,(btc) look now!

[dothebeats]

I would love to further increase my profits at this point in time, but knowing that it's a 900% increase already, there's no point being greedy and cashing out some of it would be the most sane thing to do and keeping a few intact, just in case the price continues to move upward. Having a back up plan is always the sanest thing to do in life, and of course most especially in finance.

[chefcryptoshark]

I do own some cryptocurrency, but when I bought it I was in for the long run - and I'm not realy into all the technical stuff. Maybe you can say I'm a newbie with some experience in buying, but nothing more...
That's why I'm looking for some decent advice...


I just have a couple of Bitcoins, but now it the price is going through the roof I 've made a +900% profit.

So I'm facing a dilemma of which I can't seem to make a choice.

Either I cash in (part of) my Bitcoins now the price is above $7000, or i don't.

My limited knowledge makes it hard to decide.

With the Segwit2x coming up, it might be a good idea to hold, since that will (eventually) make me money because of the so called 'doubling' - The more BTC I have, the more of the other coin I will get (B2X).

On the other hand, yesterday I read some articles in which was stated BTC price would be corrected to $5000 just before or after the hard fork. That'll mean I'll be losing money again.

And what if the B2X will become the strongest version of the two?


I was thinking about maybe selling part of my BTC to purchase some other Altcoins - they are all bleeding, so maybe this is the time to buy them for good profits in the future.
And if I decide to do that, which ones should I buy? - There's so many of them. (I'm really not good in identifying trends in order to be able to 'predict' (as far as that is possible) which one has potential, and which is just crap)

So I'm really in doubt here.
Maybe BTC will keep rising, and I may regret selling (part of) it later on. 
On the other hand, being greedy is dangerous. Maybe I should just take the +900% profit and go on, trying to find other promising altcoins with great potential.

Like I said... I'm not much more than a newbie to this matter, so I'd really appreciated some good advice from people who know what their talking about...
 

Factors such as market cap, white papers, concept vs functioning product, etc. all contribute to the decision-making process. If you dont feel like you can understand your investments into alts, it may be best to stick to bitcoin. Otherwise, pick a small amount of your current holdings and get learning!

[BTCMILLIONAIRE]

I would love to further increase my profits at this point in time, but knowing that it's a 900% increase already, there's no point being greedy and cashing out some of it would be the most sane thing to do and keeping a few intact, just in case the price continues to move upward. Having a back up plan is always the sanest thing to do in life, and of course most especially in finance.

Yeah I would cash out ~20% if I was actually worried about losing money. That way the initial investment would be doubled, which is quite nice by any reasonable standard. Have to keep taxes in mind though.

[minldem]

I had doubts few months ago about investing to bitcoin. It was a bit high at that time but still I bought a small amount of bitcoin. Then, it went down, declined at very low price rates. So, I sold them while it rose a little bit. Because, there were speculations as you have remembered, I didn't want to get risk my money. And you see now bitcoin's situation. It is routinely in a rising trend in a longterm I guess. I still cannot risk lot of money but think of buying it and not sell for a long time.

[elegion]

I would love to further increase my profits at this point in time, but knowing that it's a 900% increase already, there's no point being greedy and cashing out some of it would be the most sane thing to do and keeping a few intact, just in case the price continues to move upward. Having a back up plan is always the sanest thing to do in life, and of course most especially in finance.

Yeah I would cash out ~20% if I was actually worried about losing money. That way the initial investment would be doubled, which is quite nice by any reasonable standard. Have to keep taxes in mind though.

Oh my god BTCMILLIONAIRE, you're letting them tax you on personal income which means that every percentage you gain you'll lose twice through capital appreciation to the government. Since you can't pay the government in bitcoin you'll cashout to dollars, lose liquidity just to pay extortion fees through dollars and lose a vast majority of your wealth in the process. I know for a fact that you're not a millionaire because you would have registered a corporation which would have tax differed all your crypto holdings in the United States. You need to go back to the drawing board and create a plan on how to protect your wealth in crypto, I'm sorry there are no excuses when playing this game.

If you want to know more then just send me a pm.

[BTCMILLIONAIRE]

I would love to further increase my profits at this point in time, but knowing that it's a 900% increase already, there's no point being greedy and cashing out some of it would be the most sane thing to do and keeping a few intact, just in case the price continues to move upward. Having a back up plan is always the sanest thing to do in life, and of course most especially in finance.

Yeah I would cash out ~20% if I was actually worried about losing money. That way the initial investment would be doubled, which is quite nice by any reasonable standard. Have to keep taxes in mind though.

Oh my god BTCMILLIONAIRE, you're letting them tax you on personal income which means that every percentage you gain you'll lose twice through capital appreciation to the government. Since you can't pay the government in bitcoin you'll cashout to dollars, lose liquidity just to pay extortion fees through dollars and lose a vast majority of your wealth in the process. I know for a fact that you're not a millionaire because you would have registered a corporation which would have tax differed all your crypto holdings in the United States. You need to go back to the drawing board and create a plan on how to protect your wealth in crypto, I'm sorry there are no excuses when playing this game.

If you want to know more then just send me a pm.

I'm not in the US, but I'll take you up on the offer of PMing you since I have been thinking of moving there.

Also, I'm not cashing out any of my crypto portfolio into fiat and just letting it sit because there is zero tax on this type of long-term investment in my country with only one simple hoop to jump through.
Quite a few countries have exceptionally low taxes for long-term holds as well, which is why I brought this up in the first place.
And most people on here don't seem to think about taxes at all, which is another reason to bring it up. I am pretty sure that a lot of people will wake up to a very bad surprise if they actually manage to make any substantial profits and try to buy anything big.

[JeBro]

I think it's time to cash out a part of the profit from BTC, and invest some more in the prospective altcoins. Because, in my opinion, the altcoins are now at their minimum values.

[Anonylz]

The price is pretty high right now, maybe we are on a downtrend but i think that i will cash out some part of my bitcoins tomorrow since i want to buy some kind of stuff, tomorrow is friday, and i really want to hang out on saturday, so maybe i will be buying some stuff lately and i will need some money.
I dont like dumping bitcoins, but i dont know, maybe sometimes we need some time to find out with ourselfes and relax.
We are not on a bullish trend, but still i want to sell some part of them, and i dont see it as a bad thing.