What do you do when BTC shoots up?

[Bitcoinsummoner]

Well if you buy bitcoins in this time when the price is 745 better to hold it and wait for a long time that you can sell it with the right time so that you can not lose.. because i believe that the price will increase more i am not sure this month because i was just relaying in the last chart that there is a little bit same..  so for now it is not good to buy or if you are holding bitcoins already it is better to wait or if you are satisfied you can sell it right now because i know there is still time that the price will go down back again below 700 value..

[densuj]

I am wait and hold the bitcoins, if the price is sideaway i will sell them to fiat because it is signal the price will going down then wait until the price be real down. But depend on our strategy of trading and it is just my strategy i use long term strategy on trading bitcoin to fiat and use short term strategy for trading altcoins.

[iamTom123]

How I wish I can really predict the movement of the Bitcoin today or tomorrow so I can prepare whether to convert it into dollar or vice versa. Of course, if it is getting high we can sell Bitcoin and when it is getting low then we buy again...this is the basic principle of currency trading which can also be applied, of course, with Bitcoin.

[noictib]

Hi,

I'd like to know what do you think is a good strategy when BTC price shoots up and you feel it's going to come down again.
- hold on to your Bitcoin?
- Sell it for USD hoping to buy it again cheaper?
- Sell it for other crypto (in this case which would you choose)?

I will sell it if there is more chances to go down . Because it is better to do with Bitcoin instead to do nothing , Many times i made such types of buy/sell during sharp fluctuations of price and now my total profit is about above of $100

[BitcoinHunt3r]

Hi,

I'd like to know what do you think is a good strategy when BTC price shoots up and you feel it's going to come down again.
- hold on to your Bitcoin?
- Sell it for USD hoping to buy it again cheaper?
- Sell it for other crypto (in this case which would you choose)?

sell almost all that i have but save a little to get "special moment" when bitcoin get higher price, there is only 2 choice, if keep rise i will sell the rest, and will buy vback if it get down

[serjent05]

If bitcoin price shoot up, there is no other way but to secure profit.  It would be a dumb move if you buy and stock-up bitcoin if the price if it is too high, as far as I know stocking- up happens when the price is cheap.  Holding it for a longer time assuming that price will increase further more is of no assurance.  Bitcoin Price is highly volatile, meaning it may go down tomorrow, if you secured the profit and then the price of BTC goes down the next day, you can buy again and wait for it to shoot up in price again.

[jovs]

Hi,

I'd like to know what do you think is a good strategy when BTC price shoots up and you feel it's going to come down again.
- hold on to your Bitcoin?
- Sell it for USD hoping to buy it again cheaper?
- Sell it for other crypto (in this case which would you choose)?

When the rate of bitcoin pumps, I usually trade it to USD and I found it profitable. Then I'll buy bitcoin as its drate dunps. However, the disadvatage of this way is that, bitcoin may continue going up, then you may lose the chance to earn money if you don't hold it.

[Pursuer]

since I am more of a long term investor (hodler) I usually keep holding even if there is a sudden price rise because I am too lazy or busy from time to time to open up my cold storage and transfer funds to sell.

but it is a good idea at the same time to try and find these opportunities to sell bitcoin after a big rise (shoot up) and wait for the correction to buy back again, that way you can have a little bit more bitcoin in your pocket in the end.

[Zadicar]

Hi,

I'd like to know what do you think is a good strategy when BTC price shoots up and you feel it's going to come down again.
- hold on to your Bitcoin?
- Sell it for USD hoping to buy it again cheaper?
- Sell it for other crypto (in this case which would you choose)?

- hold on to your Bitcoin?
If im one of the earliest adopters and hold thousands of bitcoins then i will still hold for more years and sell it off when it hits my target price.
- Sell it for USD hoping to buy it again cheaper?
If im a trader then i will surely do this stuff, buy low sell high.
- Sell it for other crypto (in this case which would you choose)?
No intentions to switch into altcoins, just focusing on bitcoins.

[ethereumhunter]

Hi,

I'd like to know what do you think is a good strategy when BTC price shoots up and you feel it's going to come down again.
- hold on to your Bitcoin?
- Sell it for USD hoping to buy it again cheaper?
- Sell it for other crypto (in this case which would you choose)?

I will sell it if there is more chances to go down . Because it is better to do with Bitcoin instead to do nothing , Many times i made such types of buy/sell during sharp fluctuations of price and now my total profit is about above of $100

i think i don't want to sell it because maybe it just a correction for the price and we don't know for sure about this, and if i have to sell, then maybe i only sell for small amount, at least i can survive in trading and i can continue for doing trading.

[hakanbalta577]

If bitcoin is just starting to show increase in price,i tend to wait because whenever it happens,its keeps increasing for few days.Thats my view which may be different from other peoples.I tend to sell them after waiting few days (3-4 days) and then sell them and wait for few days to buy them again after observing the price movements.

[ChronoLite]

Hold and collect it again , or if i need it i just sell it half of them and the rest will save it on my wallet.
Like now , btc price is slowly increasing keep holding and collect it for increase your balances.

[senyorito123]

Hi,

I'd like to know what do you think is a good strategy when BTC price shoots up and you feel it's going to come down again.
- hold on to your Bitcoin?
- Sell it for USD hoping to buy it again cheaper?
- Sell it for other crypto (in this case which would you choose)?

I will sell it if there is more chances to go down . Because it is better to do with Bitcoin instead to do nothing , Many times i made such types of buy/sell during sharp fluctuations of price and now my total profit is about above of $100

i think i don't want to sell it because maybe it just a correction for the price and we don't know for sure about this, and if i have to sell, then maybe i only sell for small amount, at least i can survive in trading and i can continue for doing trading.

That's your choice and you can do whatever you want for your coin,  but for i would love to sell my coins if price will spike up for his all time high and surely i will reroll again and buy if the price well go down so i can have another btc to sold when price will spike, and i don't think theres people would surely hold for more longer years since people got some different needs and might surely they well grab their btc if they don't have a choice, and im open for any possibilities thats why im ready to sell nor buy if some changes happen.

[icecube45]

Maybe if I'm at the moment is in the bitcoin shoots up and felt it would down far I would sell it. Because if the price to down away will definitely reduce my advantage. And I would buy it if the price down. But usually if the price down are not too large I will continue to hold it and look at the market, if possible prices rose I continue to hold him, but if the price down again I would sell it. That I do if the price down in small quantities.

[1Referee]

If bitcoin is just starting to show increase in price,i tend to wait because whenever it happens,its keeps increasing for few days.Thats my view which may be different from other peoples.I tend to sell them after waiting few days (3-4 days) and then sell them and wait for few days to buy them again after observing the price movements.

It all depends on how much profit you make, and also whether you're an investor, or a trader looking to benefit from short term price swings. If the latter, then you can continue buying and selling as the price quite often tend to be repetitive with its price swings. If you know what you are doing, then it can even be seen as an easy money making opportunity. But you need to have the knowledge to exploit returning price swings.

If you're a trader just looking to buy low and sell higher, then it of course depends on the amount of profit that you make. If you buy at for example $500, and the price shoots up to $550 in a matter of days, then I don't see it as an interesting price to sell it. But if the price shoots up to $650-$700 for example, then it's different. That's what will give you enough incentive to secure a certain amount of profits. Just make sure you never cash out all your profits. It will allow you to benefit even more if the price happens to increase further.

[StevensonCarl]

Most likely I will stay holding it because I think that it has a good future and that it can go to a higher amount too.

[BrockHunter]

Most likely I will sell because I need the money and its very important for me too to make this profit right now so.. selling is for me the best option than.

[danherbias07]

Tradr it to USD as fast as I can without regrets. Although not all, a big part of my bitcoin is exchanged. It is that easy to make money here and you jut have to wait for it to go down again.

[Silberman]

If the price of bitcoin rises a lot then I will wait until I feel comfortable with my earnings and then cash out and get my profits, rinse and repeat.

[bamboylee]

Tradr it to USD as fast as I can without regrets. Although not all, a big part of my bitcoin is exchanged. It is that easy to make money here and you jut have to wait for it to go down again.

This is what I usually do too. Especially if the price is shooting up very fast, it will also go down fast. You just have to be online when the price is going up so you can have the best price. But if you are in a trading platform, set the sell orders where you can be on profit. Then buy those bitcoin back when the price goes back down.