What do you do when BTC shoots up?

[X-ray]

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.

that's some sort of investment for the future but i'd suggest you to sell when the price just reached its higher and after that you can wait until the price just falling to get more bitcoin. keep in mind to not getting trapped to everlasting hope of getting higher and higher price when the price is actually have already high

[serjent05]

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.

Well selling at the right time is really good.  But the question is when is the right time.  Oftentime, what we think does not happen.  So assuming BTC price have met its new floor, and you sold your coins on that new floor, the price of bitcoin might probably increase in price and will never look back.  In this scenario you cannot rinse and repeat.  Probably it is better if we can time the dip and buy bitcoin then sell at the spike.  In every uptrend there is always this kind of event so rinse and repeat is possible here imho.

[richardsNY]

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.

that's some sort of investment for the future but i'd suggest you to sell when the price just reached its higher and after that you can wait until the price just falling to get more bitcoin. keep in mind to not getting trapped to everlasting hope of getting higher and higher price when the price is actually have already high

If you're a trader with enough experience, you'll most of the times know exactly at what point you should sell or buy. If I look at myself, then I have done a pretty good to increase the number of coins that I have. Of course, there is a certain risk involved in the way that the price keeps moving up or down, but you can minimize this risk by buying and selling small fractions instead of large numbers of coins. So far this method has been working out nicely for me.

[BitcoinHodler]

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)?

the scenario you are asking about has only one answer and one answer only! Sell and buy back at the bottom.

because anybody with  clear head is going to see that if price shoots up (suddenly goes up very high) there is always a correction coming afterwards because people are cashing out their investment and also surely after that there will be the rest of the rise which makes a rise a dip and then rise again.

if you are wise and fast you sell on top and buy back in the dip to enjoy the rest.

[Vaskiy]

Without doubt will try to sell to grab the best profit. Other than this will make some regular saving regardless of the price movement, because price increase continues. In future the regular saving might get you a big earning to fulfil big dreams.

[rizkyhiw]

Without doubt will try to sell to grab the best profit. Other than this will make some regular saving regardless of the price movement, because price increase continues. In future the regular saving might get you a big earning to fulfil big dreams.

i have done this several times , bought 2 bitcoin at $350 each and sell it all at $500 each
but then what would you do after that?
i starts from now have a plan to invest in the very long term
i will never sell my bitcoin until it hit the moon and i have urgent needs in the future.

[GregH37]

Without doubt will try to sell to grab the best profit. Other than this will make some regular saving regardless of the price movement, because price increase continues. In future the regular saving might get you a big earning to fulfil big dreams.

i have done this several times , bought 2 bitcoin at $350 each and sell it all at $500 each
but then what would you do after that?
i starts from now have a plan to invest in the very long term
i will never sell my bitcoin until it hit the moon and i have urgent needs in the future.

Yes, holding bitcoin for a long time will be more profitable as compare to short term investment, to me short term investment is really too much risky as there is always a chance of panic selling, as you can come in pressure if the price is dropping and can go for panic selling, therefore long term investment the best option for making money specially in bitcoin.

[Caladonian]

Without doubt will try to sell to grab the best profit. Other than this will make some regular saving regardless of the price movement, because price increase continues. In future the regular saving might get you a big earning to fulfil big dreams.

i have done this several times , bought 2 bitcoin at $350 each and sell it all at $500 each
but then what would you do after that?
i starts from now have a plan to invest in the very long term
i will never sell my bitcoin until it hit the moon and i have urgent needs in the future.

Yes, holding bitcoin for a long time will be more profitable as compare to short term investment, to me short term investment is really too much risky as there is always a chance of panic selling, as you can come in pressure if the price is dropping and can go for panic selling, therefore long term investment the best option for making money specially in bitcoin.

Well if you are really aiming for much bigger returned better to just keep buying and disregard everyrthing just wait for maybe another 1-2 years again and see the results bitcoin will bring good profits just need time and trust.

[Jasad]

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.

that's some sort of investment for the future but i'd suggest you to sell when the price just reached its higher and after that you can wait until the price just falling to get more bitcoin. keep in mind to not getting trapped to everlasting hope of getting higher and higher price when the price is actually have already high

i agree with your opinion, sell it as soon as reached the highest profit you can earn ,
then wait till the price dropped to the lowest and watch the news about another potential drop ,
if the price keep increasing then buy it back with higher amount this time ,
sell it again on the highest profit you can earn and repeat.

[JeffBrad12]

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.

that's some sort of investment for the future but i'd suggest you to sell when the price just reached its higher and after that you can wait until the price just falling to get more bitcoin. keep in mind to not getting trapped to everlasting hope of getting higher and higher price when the price is actually have already high

i agree with your opinion, sell it as soon as reached the highest profit you can earn ,
then wait till the price dropped to the lowest and watch the news about another potential drop ,
if the price keep increasing then buy it back with higher amount this time ,
sell it again on the highest profit you can earn and repeat.

Everyone was knowing about the basic thing of trade. but totally it wasn't predicting about the market movement. Sometimes I have seen the people was getting trap by the coin which has just got a little increase and at next will going down over of the speculation by someone. I might have thought to prefer wait until the price was getting decrease again. and I will be buying a lot again.

[Potato Chips]

Usually,  I'd take advantage of the situation and would gladly sell it  but since I'm keeping myself from spending my bitcoins to keep as many bitcoins as much as possible.

I will not do anything, Just continue to hold my bitcoins as usual. This is just a safe approach, Most traders might take the risk to earn more.

[Idrisu]

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)?

The best way to make money from bitcoin is magin trading I.e where you make money either market goes up or down. If bitcoin rises up what I will do is to sell it against usd or other asset.

[hurain]

Without doubt will try to sell to grab the best profit. Other than this will make some regular saving regardless of the price movement, because price increase continues. In future the regular saving might get you a big earning to fulfil big dreams.

well it is my second time that while holding a good amount of bitcoin the price goes up, for the previous time i sold the bitcoin at a good price and this time i am holding my bitcoin and still not going to sell it as i am expecting that the price of bitcoin will to further high price.

[beerlover]

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.

that's some sort of investment for the future but i'd suggest you to sell when the price just reached its higher and after that you can wait until the price just falling to get more bitcoin. keep in mind to not getting trapped to everlasting hope of getting higher and higher price when the price is actually have already high

If you realize that the price of bitcoin is now at its maximum then you should sell it, but you have to study about the market and only then you can be updated about the price of bitcoin, that either it is increasing or decreasing in near future.

[Qartersa]

It really depends if it will still further shoot up. It's very hard to know when it will stop going up or when it will suddenly drop. There are a lot of factors that may affect the price of bitcoin. Rember Bitfinex?  That event made the price of bitcoin drop more than 20% in a day. I suggest sell it when your guts tells you to.

[TastyChillySauce00]

Usually,  I'd take advantage of the situation and would gladly sell it  but since I'm keeping myself from spending my bitcoins to keep as many bitcoins as much as possible.

I will not do anything, Just continue to hold my bitcoins as usual. This is just a safe approach, Most traders might take the risk to earn more.

the fluctuation of bitcoin might make your bitcoin which you were holding not worth as much as before thus you've missed many opportunities to keep your wealth stay on its amount and value. holding bitcoin which is volatile also having some risk. even though it's about the value you deserve to get at the current rate of the time

[acroman08]

Well, I usually hold. I try not to get too caught up in the ups and down of the market.
But yeah, there are times when I just can't stay put, when I really really feel the price would get a steep slump after a significant rise. I end up converting to fiat.

So far, I've only done this once or twice and was able to save maybe several hundred. I would actually have preferred to trade with altcoins instead but sadly, haven't really had the time to take a close look at the altcoins ,so. Fiat it is.

[Zadicar]

If i bought it on a cheaper price then i will sell off those when it reaches on a higher price because i dont hold bitcoin for long term because i do enjoy to see profits on a short period of time in short im doing short trading which is really good if you know how to do it. Profits may not be big but still a good way to accumulate some money but if you dont need money then long term holding would be the best.

[john2231]

Well for me we do not know if the price will still continues to increase so if the price will increase more soon i will still hold bitcoin and wait for the right time to increase because it is hard to buy bitcoin if the price of bitcoin will continue to increase..

[ultrloa]

Usually,  I'd take advantage of the situation and would gladly sell it  but since I'm keeping myself from spending my bitcoins to keep as many bitcoins as much as possible.

I will not do anything, Just continue to hold my bitcoins as usual. This is just a safe approach, Most traders might take the risk to earn more.

the fluctuation of bitcoin might make your bitcoin which you were holding not worth as much as before thus you've missed many opportunities to keep your wealth stay on its amount and value. holding bitcoin which is volatile also having some risk. even though it's about the value you deserve to get at the current rate of the time

Thats why we need proper calculation upon buying and dont make nasty decision about it, and try to buy at the lowest price if possible so if it will go down you can still have a higher chance to retain back your losses and if that pump well a higher chance of good profits we can get for certain good instance, but actually i believe on holding for now since price show's good flows for now and maybe we can see.outers.all time high at this point.