What do you do when BTC shoots up?

[BitFinnese]

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)?

It is depend on what strategy is you do. If you prefer like to do short term investment so just sell it. If you prefer like to do long term investment so just wait until it reach your target. I think the best strategy to invest in bitcoin is by Dollar Cost Averaging so we can get more amount of bitcoin than only buy bitcoin in one time then wait. I prefer like to sell because I need to fulfil my daily need.

but think those people who have bought bitcoin below 600 USD i think it also still good time for them to secure a good profit. but still i can say that it is good time to hold bitcoin. because still the price of bitcoin is going to increase.

I agree.  They should have short it when Bitcoin reaches $1100 and rebuy at sub $900, if time does not come that bitcoin hit their buy sell at least they have taken profit from the trade.  And they can buy anytime whe bitcoin hit below $1000.  They should have profited if they do that since price goes up and down within the range of $880 to $970, best way to buy back the shorted bitcoin and bring home the profit.

[Oralmat]

When bitcoin is shoots up the best thing to do is hold your coin, doing trading with small scale of your bitcoin is fine, it will help you to gain some profit and bitcoin need to be spent so it can be grow further, when shoot up it will be a bad idea to change it with other alt coin, it will made your investment drop drastically

I agree with you when bitcoin shoot up better hold it into bitcoin value Since it is increasing the fiat value increases too like now its value increases rapidly .
We have now $900 plus value and still increasing so better keep and wait.

[KingdomHearts]

When bitcoin is shoots up the best thing to do is hold your coin, doing trading with small scale of your bitcoin is fine, it will help you to gain some profit and bitcoin need to be spent so it can be grow further, when shoot up it will be a bad idea to change it with other alt coin, it will made your investment drop drastically

I agree with you when bitcoin shoot up better hold it into bitcoin value Since it is increasing the fiat value increases too like now its value increases rapidly .
We have now $900 plus value and still increasing so better keep and wait.

i agree with you that hold your bitcoin when bitcoin price shoots up because that time is very much good for holding your bitcoin and i am its very profitable way to make bitcoin in good amount.

[jpsmash]

I think it really depends on your personal situation, if the rewards from selling btc at a high point would REALLY benefit you and make a difference, or not.
If you need the money, I think you should sell maybe 60%, make a nice profit, and keep the rest.
If you don't really need it that much or not at all, sell only a little bit of what you have, maybe between 10 and 30%.
This way you can still make a profit, and if it crashes later on you won't feel bad because you DID make some profit.
But hold the rest because btc has a huge potential and it can go way past 1,100 in the future IMHO.

[Vaskiy]

When bitcoin is shoots up the best thing to do is hold your coin, doing trading with small scale of your bitcoin is fine, it will help you to gain some profit and bitcoin need to be spent so it can be grow further, when shoot up it will be a bad idea to change it with other alt coin, it will made your investment drop drastically

I agree with you when bitcoin shoot up better hold it into bitcoin value Since it is increasing the fiat value increases too like now its value increases rapidly .
We have now $900 plus value and still increasing so better keep and wait.

When you have an assured upward price movement then holding for the best price is good, but if price goes downwards the situation goes bad. Price movements were unpredictable, from $900 it has fallen down close to $800 in a days time. Better is to make the right move at the right time and earn the profit.

[royalfestus]

Holding your bitcoin is not the best decision when it shoots up.If one had followed this thread and chosen the best option would have benefited from it in the last price shoot. The outcome of the passage of such time shows how unprofitable the time was for those who held on to their bitcoin. The time will come around again, decide on the best way to make use of the hike in price

[richardsNY]

Holding your bitcoin is not the best decision when it shoots up.If one had followed this thread and chosen the best option would have benefited from it in the last price shoot. The outcome of the passage of such time shows how unprofitable the time was for those who held on to their bitcoin. The time will come around again, decide on the best way to make use of the hike in price

It depends on how you prioritize your stash that you are planning to hold. I personally have split them into several wallets where I am planning to do the following.

Wallet 1 - contains coins that may get sold if the price reaches interesting levels as has been the case when I cashed out over the $1000 levels recently.
Wallet 2 - contains coins that may get sold only if the price happens to reach a minimum price of $2000.
Wallet 3 - contains coins that will only get sold slowly at the time the prices reaches $5000 (I know it may never happen, but still)
Wallet 4 - contains coins that will remain there basically for ever. I want to be an elite at the time Bitcoin has gone moon. (Don't want to miss out)

[angaper]

Holding your bitcoin is not the best decision when it shoots up.If one had followed this thread and chosen the best option would have benefited from it in the last price shoot. The outcome of the passage of such time shows how unprofitable the time was for those who held on to their bitcoin. The time will come around again, decide on the best way to make use of the hike in price

It depends on how you prioritize your stash that you are planning to hold. I personally have split them into several wallets where I am planning to do the following.

Wallet 1 - contains coins that may get sold if the price reaches interesting levels as has been the case when I cashed out over the $1000 levels recently.
Wallet 2 - contains coins that may get sold only if the price happens to reach a minimum price of $2000.
Wallet 3 - contains coins that will only get sold slowly at the time the prices reaches $5000 (I know it may never happen, but still)
Wallet 4 - contains coins that will remain there basically for ever. I want to be an elite at the time Bitcoin has gone moon. (Don't want to miss out)

Your system is interesting, though it seems to me that you are taking into account many variables that are too hypothetical. I personally prefer to sell a certain proportion of my coins as the price increases every $100, and in turn I acquire more coins as it decreases $100 bucks.

[Superzpay]

Holding your bitcoin is not the best decision when it shoots up.If one had followed this thread and chosen the best option would have benefited from it in the last price shoot. The outcome of the passage of such time shows how unprofitable the time was for those who held on to their bitcoin. The time will come around again, decide on the best way to make use of the hike in price

Do you this that last price shhot will not come back? You are wrong but you will see that the price of Bitcoin will increase more and if you are worried for the coming down to 900$ then it do not often happen all the time but sometimes it happen that the price increase and continue to increase.

[royalfestus]

Holding your bitcoin is not the best decision when it shoots up.If one had followed this thread and chosen the best option would have benefited from it in the last price shoot. The outcome of the passage of such time shows how unprofitable the time was for those who held on to their bitcoin. The time will come around again, decide on the best way to make use of the hike in price

Do you this that last price shhot will not come back? You are wrong but you will see that the price of Bitcoin will increase more and if you are worried for the coming down to 900$ then it do not often happen all the time but sometimes it happen that the price increase and continue to increase.

Imagine if you took the rick of trading for just $1000 dollar when it shoot up and you bought more it got that low to $770. It is risky but profitable. It is so sure bitcoin will always come back no matter how low.

[Cryptojunkiez]

I think that I will sell my bitcoins for a very good price because I think that it will be very profitable for me than.

[angaper]

Holding your bitcoin is not the best decision when it shoots up.If one had followed this thread and chosen the best option would have benefited from it in the last price shoot. The outcome of the passage of such time shows how unprofitable the time was for those who held on to their bitcoin. The time will come around again, decide on the best way to make use of the hike in price

Do you this that last price shhot will not come back? You are wrong but you will see that the price of Bitcoin will increase more and if you are worried for the coming down to 900$ then it do not often happen all the time but sometimes it happen that the price increase and continue to increase.

Imagine if you took the rick of trading for just $1000 dollar when it shoot up and you bought more it got that low to $770. It is risky but profitable. It is so sure bitcoin will always come back no matter how low.

In fact each trading decision carries a risk, and each one must assume the consequences of of that without ostentation because the bitcoin market is so capricious that as the price collapsed when arriving to $1,100, it could had also easily reached the $2,000 mark with no  problem, so those who  laugh today might be crying under the circumstances, and I am convinced that it will happen sooner or later.

[marcoman22]

If BTC price shoots up and if we know the price is going to fall, best option is to sell it and rebuy it when price falls considerably. The same thing happened last week also. I bought bitcoin when its price was $750. All of a sudden, its price rose to $1150. I was very happy and i expected price to go around $2000, a little greed i am. But unfortunately, due to policy changes in china by PBOC, btc price started falling down. So, i decided to sell my btc and better invest in a altcoin. My first option was ETC but it was not performing well.At last, i decided to invest in Ethereum which is still performing well.

[streazight]

In fact each trading decision carries a risk, and each one must assume the consequences of of that without ostentation because the bitcoin market is so capricious that as the price collapsed when arriving to $1,100, it could had also easily reached the $2,000 mark with no  problem, so those who  laugh today might be crying under the circumstances, and I am convinced that it will happen sooner or later.

After seeing your perspective, I believe holding for long time must be the best decision regardless of whatever higher prices bitcoin will be getting. Because those who found $1100 as target prices will be regretting and must have missed some profits when bitcoin reaches $1500. In long term we definitely will make big profits by having more patience.

[FaucetRank.com]

If BTC price shoots up and if we know the price is going to fall, best option is to sell it and rebuy it when price falls considerably. The same thing happened last week also. I bought bitcoin when its price was $750. All of a sudden, its price rose to $1150. I was very happy and i expected price to go around $2000, a little greed i am. But unfortunately, due to policy changes in china by PBOC, btc price started falling down. So, i decided to sell my btc and better invest in a altcoin. My first option was ETC but it was not performing well.At last, i decided to invest in Ethereum which is still performing well.

When Bitcoin price falls it is good move to invest in alt coin because I noticed that when price of bitcoin go up that time other alt coin go down and when price of bitcoin go down other alt coin go up so this way we can double up our Bitcoin and when Bitcoin price go up gain than we will be having more profit than before.

[AmsterdamPimp]

I sell and buy my favorite crypto, I sell and buy my ladies nice outfits. What's it got to do with you?

[Rosberger]

Most likely the bitcoin shoots up and than I will also most likely sell my bitcoins because I think that is the best option for me than.

[Text]

I usually hold my coins. Every month I use to sell it to our local exchange to pay my bills and buy the things I needed. I don't sell my bitcoins to other crypto-currency because I may failed to handle an alt coin n/ or more so I am just focusing on collecting BTC.

[cinchin]

- Depend on situation, if I see the high price I would sell a little
- Market prices change very rapidly, we need to decide quickly and accurately when buying or selling

[richardsNY]

Holding your bitcoin is not the best decision when it shoots up.If one had followed this thread and chosen the best option would have benefited from it in the last price shoot. The outcome of the passage of such time shows how unprofitable the time was for those who held on to their bitcoin. The time will come around again, decide on the best way to make use of the hike in price

It depends on how you prioritize your stash that you are planning to hold. I personally have split them into several wallets where I am planning to do the following.

Wallet 1 - contains coins that may get sold if the price reaches interesting levels as has been the case when I cashed out over the $1000 levels recently.
Wallet 2 - contains coins that may get sold only if the price happens to reach a minimum price of $2000.
Wallet 3 - contains coins that will only get sold slowly at the time the prices reaches $5000 (I know it may never happen, but still)
Wallet 4 - contains coins that will remain there basically for ever. I want to be an elite at the time Bitcoin has gone moon. (Don't want to miss out)

Your system is interesting, though it seems to me that you are taking into account many variables that are too hypothetical. I personally prefer to sell a certain proportion of my coins as the price increases every $100, and in turn I acquire more coins as it decreases $100 bucks.

I do buy back coins that I have sold, but I am long term minded with the way I have set up a certain purpose/goal for every mentioned wallet. That way I never run out of coins even when after cashing out profits the price doesn't happen to go down. So far it has gone down every time, but I don't want to take for granted that it will continue to happen. Bitcoin is too unpredictable for that.