What do you do when BTC shoots up?

[bitllionaire]

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.

yes but i think you need to then sell it on the right time. because in previous time i myself missed the right time to sell my bitcoin when bitcoin cross 1100 USD/ bitcoin price, it was a good opportunity but i take it wrong and expect that this time the price of bitcoin will cross all time high price therefore i don not prefer to sell my bitcoin.

[sukamasoto]

I'm usually sell it partially when bitcoin reach highest value
And about the rest, I keep it until it reach another halving, since I'm sure bitcoin value will increase 5x from today

[MMA]

I'm usually sell it partially when bitcoin reach highest value
And about the rest, I keep it until it reach another halving, since I'm sure bitcoin value will increase 5x from today

i did not sell my bitcoin in the previous days when the price of bitcoin reaches to 1150 USD and still ot going to sell it even if it reach to that price again i have to wait when the price will cross 1500 USD level. and i am hopeful that bitcoin is going to cross that level in 2017.

[dothebeats]

Well that depends on how high does this geyser go. Sometimes if I think the profit is really hefty (more than 50% of my initial investment) then I go for it and place a sell order. If not then I just leave them be and just wait for another price increase. Because of being patient, I was able to get some pretty nice profits and start a mini business here in our local.

[AakZaki]

I think we should hold on to them and if we need to buy something, we do not need to turn it into a fiat but we have to go to the store where bitcoin accepted and must buy something with bitcoin so that we will see the price of bitcoin on high value for a longer time.

[Ewinsane]

I'm usually sell it partially when bitcoin reach highest value
And about the rest, I keep it until it reach another halving, since I'm sure bitcoin value will increase 5x from today

yeah i am sure bitcoin will be more increasing its price to highest value so i prefer that old your bitcoin for the future because bitcoin will be more rising its value on another halving and we will be get a good profit from bitcoin in the future.

[richardsNY]

I think we should hold on to them and if we need to buy something, we do not need to turn it into a fiat but we have to go to the store where bitcoin accepted and must buy something with bitcoin so that we will see the price of bitcoin on high value for a longer time.

It doesn't really matter if we cash out coins to buy stuff with fiat, or that everything is being converted to fiat by payment processors such as BitPay. Result in both cases is that the same amount of coins ends up being sold on the market. Other than that, I barely cash out to buy stuff with the profits. Everything I cash out gets invested back into Bitcoin again when the price happens to go down. Last year I just once cashed out fiat from my exchange to my bank account.

[ScaryMe]

Since I do not have enough bitcoin to hold on or make some of it I guess I can only post is my plan if ever.

So for me, if the Bitcoin shoots up, I prefer to sell the half of it and the half is I will hold it and wait for another big halving so a big profit in my part. Because for sure sooner or later the value of it will increase again like what we have this past few years and to the point of this New Year.

[gabmen]

Since I do not have enough bitcoin to hold on or make some of it I guess I can only post is my plan if ever.

So for me, if the Bitcoin shoots up, I prefer to sell the half of it and the half is I will hold it and wait for another big halving so a big profit in my part. Because for sure sooner or later the value of it will increase again like what we have this past few years and to the point of this New Year.

Yeah that's right i'm of that as well. Although for me, im keeping all my btcs for ge moment until for the first quarter of this year as some forecasts are actually very inviting. Then i'll sell and hopefully the price would regain it's pace as when the year started. If not then i'll hold on to my btcs for a while longer

[geopolisch]

Since I do not have enough bitcoin to hold on or make some of it I guess I can only post is my plan if ever.

So for me, if the Bitcoin shoots up, I prefer to sell the half of it and the half is I will hold it and wait for another big halving so a big profit in my part. Because for sure sooner or later the value of it will increase again like what we have this past few years and to the point of this New Year.

Yeah that's right i'm of that as well. Although for me, im keeping all my btcs for ge moment until for the first quarter of this year as some forecasts are actually very inviting. Then i'll sell and hopefully the price would regain it's pace as when the year started. If not then i'll hold on to my btcs for a while longer

I actually don’t agree with you, holding your bitcoin won’t be good enough and won’t get you anything if you want to make profit you have to use your bitcoin and invest it and then when the price goes up sell it and wait for it to for down again so you can buy more, that is what most people did when it gone up to $1100 and now they have almost double the bitcoins.

[ReLieD]

The best option is to convert it into USD
Then again by BTC with that USD when the prices fall.
In this way you can have profits and just profits and no loss.
By far this is the best method of increasing your money.
Well in the near future there can be better ways to earnBTC
/Increase profits.

[Potato Chips]

The best option is to convert it into USD
Then again by BTC with that USD when the prices fall.
In this way you can have profits and just profits and no loss.
By far this is the best method of increasing your money.
Well in the near future there can be better ways to earnBTC
/Increase profits.

Great way indeed but it will be best to trade it peer to peer and not doing it to some fixed exchange because you will get a higher rate that way which will increase your profits.

I'm usually sell it partially when bitcoin reach highest value
And about the rest, I keep it until it reach another halving, since I'm sure bitcoin value will increase 5x from today

Selling partially maximizes your loss and I ave done it before also and halving doesn't guarantee any price increase but instead a lower supply. If you're here last halving, The price doesn't not increase but Halving takes every four years so it is an enough time for bitcoin to reach a much higher price.

[Ewinsane]

The best option is to convert it into USD
Then again by BTC with that USD when the prices fall.
In this way you can have profits and just profits and no loss.
By far this is the best method of increasing your money.
Well in the near future there can be better ways to earnBTC
/Increase profits.

i think convert your bitcoin to USD is not good option in that time, you should hold more your bitcoin when price of bitcoin shoots up because people making big profit and they hold it and wait for more high price.

[wahb]

The best option is to convert it into USD
Then again by BTC with that USD when the prices fall.
In this way you can have profits and just profits and no loss.
By far this is the best method of increasing your money.
Well in the near future there can be better ways to earnBTC
/Increase profits.

i think convert your bitcoin to USD is not good option in that time, you should hold more your bitcoin when price of bitcoin shoots up because people making big profit and they hold it and wait for more high price.

i am holding my bitcoin for last few years and not going to sell it. although in previous days the price reaches to 1150 USD. but still i did not sell my btc in bitcoin. i am hopeful that the price of bitcoin will go so high, therefore holding bitcoin will be the good option.

[BellaBitBit]

When it shoots up I usually sell some and put it into my favorite alt coins because they are usually down when bitcoin is up, then as bitcoin stabilizes for awhile money goes back into altcoins.  I am not an expert trader and it is hard to predict what bitcoin is going to do, this is just what I do.

[roadbits]

The best option is to convert it into USD
Then again by BTC with that USD when the prices fall.
In this way you can have profits and just profits and no loss.
By far this is the best method of increasing your money.
Well in the near future there can be better ways to earnBTC
/Increase profits.

i think convert your bitcoin to USD is not good option in that time, you should hold more your bitcoin when price of bitcoin shoots up because people making big profit and they hold it and wait for more high price.

i am holding my bitcoin for last few years and not going to sell it. although in previous days the price reaches to 1150 USD. but still i did not sell my btc in bitcoin. i am hopeful that the price of bitcoin will go so high, therefore holding bitcoin will be the good option.

If you are looking for the future plan then holding bitcoin for many years is worth otherwise it is no use to wait for several years. it's dead investment if you not get any profit in time. Till today the highest price of BTC is 1500$. Last few days back it was 1150+ so just 300$ difference. I think it will not cross more than 1500$. Even I am also holding my coins once the price cross 1k$ I will sell my coins.

[BitcoinPanther]

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.

yes but i think you need to then sell it on the right time. because in previous time i myself missed the right time to sell my bitcoin when bitcoin cross 1100 USD/ bitcoin price, it was a good opportunity but i take it wrong and expect that this time the price of bitcoin will cross all time high price therefore i don not prefer to sell my bitcoin.

The question now would, when is the right time?  That is the problem everyone of us have different view.  But I guess we all agree that when a profit is seen that is the right time to start selling.  How much the profit depends on how much we wants.  So I guess it is up to the holder to say the right time to sell their Bitcoin.

[Fireblade]

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.

yes but i think you need to then sell it on the right time. because in previous time i myself missed the right time to sell my bitcoin when bitcoin cross 1100 USD/ bitcoin price, it was a good opportunity but i take it wrong and expect that this time the price of bitcoin will cross all time high price therefore i don not prefer to sell my bitcoin.

The question now would, when is the right time?  That is the problem everyone of us have different view.  But I guess we all agree that when a profit is seen that is the right time to start selling.  How much the profit depends on how much we wants.  So I guess it is up to the holder to say the right time to sell their Bitcoin.

i think it is one of the most difficult task to identtify the correct time. for examples in previous days when the price of bitcoin reached to 1150 USD first i decided to sell my bitcoin, but after that i thought that the price of bitcoin is going to beat its all time previous bitcoin, but bounce back and fell down to 730, but still i am holding my bitcoin in hope that very soon the price of bitcoin will cross at least 1000 USD  again.

[Vorth]

If the bitcoin shoots up?
Half of my coin will be sell off and the other half will be just in my wallet so in case of continues increase of value there are still coins to be sell.

[JeffBrad12]

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.

yes but i think you need to then sell it on the right time. because in previous time i myself missed the right time to sell my bitcoin when bitcoin cross 1100 USD/ bitcoin price, it was a good opportunity but i take it wrong and expect that this time the price of bitcoin will cross all time high price therefore i don not prefer to sell my bitcoin.

The question now would, when is the right time?  That is the problem everyone of us have different view.  But I guess we all agree that when a profit is seen that is the right time to start selling.  How much the profit depends on how much we wants.  So I guess it is up to the holder to say the right time to sell their Bitcoin.

i think it is one of the most difficult task to identtify the correct time. for examples in previous days when the price of bitcoin reached to 1150 USD first i decided to sell my bitcoin, but after that i thought that the price of bitcoin is going to beat its all time previous bitcoin, but bounce back and fell down to 730, but still i am holding my bitcoin in hope that very soon the price of bitcoin will cross at least 1000 USD  again.

remember if the price of bitcoin was shooting high and the Chinese will make a silly statement. and the scenario will be always repeating every year, IMO.