What do you do when BTC shoots up?

[juras54]

I do not trade, buy once Bitcoin and just waiting for a very high price to sell

[1715359103]

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[virasog]

At this moment, I'm selling about 25% amount of my total bitcoin into fiat.
And for other rest, I'm keep holding until next halving, I'm sure the bitcoin value will grow exponentially over time so I can't sell all it out.

Anyway I was so shocked that bitcoin reach highest value on this year

Same here! Bitcoin has the potential to reward it's investors. I become encouraged when I see bitcoins rising in value and I introduce it to other people outside the crypto community. I do this even when the price corrects. Bitcoin is for everyone and the success of bitcoin depends on how much people decides to use it.

[burner2014]

At this moment, I'm selling about 25% amount of my total bitcoin into fiat.
And for other rest, I'm keep holding until next halving, I'm sure the bitcoin value will grow exponentially over time so I can't sell all it out.

Anyway I was so shocked that bitcoin reach highest value on this year

Same here! Bitcoin has the potential to reward it's investors. I become encouraged when I see bitcoins rising in value and I introduce it to other people outside the crypto community. I do this even when the price corrects. Bitcoin is for everyone and the success of bitcoin depends on how much people decides to use it.

I can see that bitcoin would boom the following year especially in our country where there are lots of users who joined this forum.
Everyday there are lots of users getting interested here like you especially business minded person who sees bitcoin as one of their investments.
So, I think we have a good start on the year 2017. Let us all 'cheer' at the end of the year.

[Dmitry.Vastov]

Yeah. Thats what is traders do. They buy when the price is cheap and sell when the price pumps up. Right now bitcoin is a best crypto right now because of its good rally. Its hard to choose altcoins right now. But altcoins are good for long term trading. Long patience is a must when trading altcoins because it takes time to pump the price depending on the hype.

[dunfida]

Yeah. Thats what is traders do. They buy when the price is cheap and sell when the price pumps up. Right now bitcoin is a best crypto right now because of its good rally. Its hard to choose altcoins right now. But altcoins are good for long term trading. Long patience is a must when trading altcoins because it takes time to pump the price depending on the hype.

Making profits on altcoin will only depend on what altcoin did you put your money on because we all know that most alts doesn't give any guarantee because most of them are just designed for a pump and dump scheme.Its really a normal thing for most people who hold bitcoin would sell off their coins when it reaches a high price because they could see that they gain profits on that and that's definitely a trading.

[justdimin]

Yeah. Thats what is traders do. They buy when the price is cheap and sell when the price pumps up. Right now bitcoin is a best crypto right now because of its good rally. Its hard to choose altcoins right now. But altcoins are good for long term trading. Long patience is a must when trading altcoins because it takes time to pump the price depending on the hype.

I guess you are saying the opposite because bitcoins are much much more stable than alt coins and price change is quick in alt coins while its steady and slow in bitcoins.

Anyways I just wish for the price to reach even higher values when I see it rising to high values, I guess the best time to sell bitcoins is around new year because a lot of people buy btc that time and hence the market is high, though I am empty at such events since I spend all

[naidray]

today is one of the cases of this happening in real time. right now as i am typing this price is $867 on bitfinex and it has shot up in less than a day. now the question is what is everyone doing in this case?

i am personally looking for a top to sell some coins and wait for a bottom to buy back more. probably on 880ish price. but i have to wait and see.

I guess you should not sell if you really trust bitcoins. Brother this time for some reason I am sensing like bitcoins would cross 1250$ barrier in coming 10 days, I really hope so too. I have around 1.21 bitcoins overall if I collect from all wallets and sites and yet I am saving them only because I am damn sure this time it will reach a very high value.

[lionheart78]

today is one of the cases of this happening in real time. right now as i am typing this price is $867 on bitfinex and it has shot up in less than a day. now the question is what is everyone doing in this case?

i am personally looking for a top to sell some coins and wait for a bottom to buy back more. probably on 880ish price. but i have to wait and see.

I guess you should not sell if you really trust bitcoins. Brother this time for some reason I am sensing like bitcoins would cross 1250$ barrier in coming 10 days, I really hope so too. I have around 1.21 bitcoins overall if I collect from all wallets and sites and yet I am saving them only because I am damn sure this time it will reach a very high value.

Selling Bitcoin does not mean we have lost our faith in it. People who are day trading or short trading believes that bitcoin will bounce back once they buy in its price decline.  It is a simple means of  maximizing the possible profit in Bitcoin while waiting for its price to increase and eventually exit at a target price.

I don't know where you get the foundation of Bitcoin breaking $1200  in 10 days, or is it a mere wish hoping to come true?

[Victorycoin]

today is one of the cases of this happening in real time. right now as i am typing this price is $867 on bitfinex and it has shot up in less than a day. now the question is what is everyone doing in this case?

i am personally looking for a top to sell some coins and wait for a bottom to buy back more. probably on 880ish price. but i have to wait and see.

I guess you should not sell if you really trust bitcoins. Brother this time for some reason I am sensing like bitcoins would cross 1250$ barrier in coming 10 days, I really hope so too. I have around 1.21 bitcoins overall if I collect from all wallets and sites and yet I am saving them only because I am damn sure this time it will reach a very high value.

If you are a day trader with some time to spare, there is nothing wrong with flowing with and enjoying the ride. First thing is to establish the main trend of an asset, bitcoin in this case then a trader can always sell at the crest and lie in wait to buy again at the trough and that can be done several time a day given the volatility of bitcoin.

[coinplus]

At this moment, I'm selling about 25% amount of my total bitcoin into fiat.
And for other rest, I'm keep holding until next halving, I'm sure the bitcoin value will grow exponentially over time so I can't sell all it out.

Anyway I was so shocked that bitcoin reach highest value on this year

Same here! Bitcoin has the potential to reward it's investors. I become encouraged when I see bitcoins rising in value and I introduce it to other people outside the crypto community. I do this even when the price corrects. Bitcoin is for everyone and the success of bitcoin depends on how much people decides to use it.

Actually it is good that you introduce people to bitcoins but I am sorry to say brother but the best time to introduce people to bitcoins is when the price is low so that when people invest in bitcoins they see bitcoins growing, while if they would invest at the peak they wont be able to gain maximum profits and some might even consider a scam operation , I hope you understand what I actually mean.

[Bitcoinsummoner]

At this moment, I'm selling about 25% amount of my total bitcoin into fiat.
And for other rest, I'm keep holding until next halving, I'm sure the bitcoin value will grow exponentially over time so I can't sell all it out.

Anyway I was so shocked that bitcoin reach highest value on this year

Same here! Bitcoin has the potential to reward it's investors. I become encouraged when I see bitcoins rising in value and I introduce it to other people outside the crypto community. I do this even when the price corrects. Bitcoin is for everyone and the success of bitcoin depends on how much people decides to use it.

Actually it is good that you introduce people to bitcoins but I am sorry to say brother but the best time to introduce people to bitcoins is when the price is low so that when people invest in bitcoins they see bitcoins growing, while if they would invest at the peak they wont be able to gain maximum profits and some might even consider a scam operation , I hope you understand what I actually mean.

Its not too late for them if you want to introduce it to other people it is better to say that buying bitcoin still not too late and i think we are still in early stage. that i think the price of bitcoin will not stay long in this level and i think more price increase will happen these following years.. because more adoption will come and many feature will be added..

[molsewid]

when the price of bitcoin shoots up im selling it to usd so i can buy more bitcoin whhen it drop back down. soon it will drop back down so thats my opportunity to have more bitcoin than i have today. it's like a cycle soon i can have my own gambling site or some service site where im accepting bitcoin as a payment because im a freelancer.

[lionheart78]

At this moment, I'm selling about 25% amount of my total bitcoin into fiat.
And for other rest, I'm keep holding until next halving, I'm sure the bitcoin value will grow exponentially over time so I can't sell all it out.

Anyway I was so shocked that bitcoin reach highest value on this year

Same here! Bitcoin has the potential to reward it's investors. I become encouraged when I see bitcoins rising in value and I introduce it to other people outside the crypto community. I do this even when the price corrects. Bitcoin is for everyone and the success of bitcoin depends on how much people decides to use it.

Actually it is good that you introduce people to bitcoins but I am sorry to say brother but the best time to introduce people to bitcoins is when the price is low so that when people invest in bitcoins they see bitcoins growing, while if they would invest at the peak they wont be able to gain maximum profits and some might even consider a scam operation , I hope you understand what I actually mean.

I think any day is good time to introduce Bitcoin to a friend, relative or even a stranger.  Introducing Bitcoin does not mean you are forcing or telling them to buy it.  It is a simply you are informing them that there is this cryptocurrency that exist and can be use anywhere in the world if there is a merchant or exchanger that is accepting or converting Bitcoin to local currency.  It is also in our discretion to tell them the right time to buy Bitcoin. I am sure we will not force them to buy Bitcoin at its Peak price.

when the price of bitcoin shoots up im selling it to usd so i can buy more bitcoin whhen it drop back down. soon it will drop back down so thats my opportunity to have more bitcoin than i have today. it's like a cycle soon i can have my own gambling site or some service site where im accepting bitcoin as a payment because im a freelancer.

Same here i will sell my bitcoin at peak price then rebuy at its dip.  Rinse and repeat. Until I have enough savings to put up a business that accept bitcoin.

[el kaka22]

I'll do the holding bitcoin as long as possible. I know that the price of bitcoin will rise even higher.
do holding bitcoin need great patience, we are required to take the right decision and carefully.

Yeah and some people have a mentality that the maximum price is 1000$ and it would drop once it reaches that value, while its not truth at all.

Guys understand technically the bitcoins are limited in market and hence the price would just increase and increase only and the community is spreading plus a lot of coins are lost too, so the lesser the bitcoins are in the market and more the people, the higher would be the price of bitcoins.

[2double0]

I just sell my bitcoins when the price of it shoots up, but not in the hope of buying it back again as I don't buy bitcoins but either use them or sell them for high prices and use the fiat for some expenses to be covered. Holding them is not a good option IMO, I think one should take the risk and trade them as many chances show up when there is just a pump-dump show, so they can make something out of it.

[susila_bai]

I use to do trading most of the time and i had sold some bitcoins when it went above $910 and when it went down i buyed back at $890 but most of my holded bitcoins are used for sports betting and poker betting

[DApptothefuture]

Try using trailing orders to protect yourself against trend reversals if a position is open or use it to enter into a position on a trend reversal if you do not have an open position.  

[rickadone]

I do not trade, buy once Bitcoin and just waiting for a very high price to sell

Quite simple and nice but do you sell the bitcoins when they reach a value like 900$ or so ?
I never sell at these moments rather I prefer to sell bitcoins when the price starts dropping from the maximum value because usually the price either goes up and up or goes down and down only.

[Taki]

In every place I'm just holding my bitcoins. As in the case of bitcoin's shooting up - just holding it, as in the case of bitcoin's shooting down - just holding it and thinking to buy some, but I never buy, always haven't free money in that moment to spend it for buying bitcoin.

[boyshx]

If a decline was much obvious I would sell and expect to buy back when it's lower. But how can you know? What if its just a bear trap?