What do you do when BTC shoots up?

[Zadicar]

Obviously sell it / convert it into USD.
Like if you would have kept a poll you would have seen more than 50% people voting for converting it into USD.
The reason behind it is that , when ever the price of Bitcoins will shoot up , most of the people will convert their Bitcoins into their currency,
leading to the fall of price of bitcoins .
So i would recommend you to convert them into your currency and then buy bitcoins with that amount and then use 10%  or 20% of that amount
to buy more bitcoins.
Continue this process and one day you will have a lot of bitcoins
and by bitcoins i mean a lot of money.
Thanks

Good strategy, I think sell bitcoin when the price shot up is the right decision, when all people fo panic selling the price of it will be down. So when we have more money we can get more bitcoin.

This is just a very common,basic on trading on which you will sell high and buy low but its not easy as it sounds because you will really need patience in order to be profiting on this kind of way on trading since we all know thats bitcoins price doesnt move too much on longer ranges unless if theres a news or significant events which makes the price moves too fast.

[JeffBrad12]

Obviously sell it / convert it into USD.
Like if you would have kept a poll you would have seen more than 50% people voting for converting it into USD.
The reason behind it is that , when ever the price of Bitcoins will shoot up , most of the people will convert their Bitcoins into their currency,
leading to the fall of price of bitcoins .
So i would recommend you to convert them into your currency and then buy bitcoins with that amount and then use 10%  or 20% of that amount
to buy more bitcoins.
Continue this process and one day you will have a lot of bitcoins
and by bitcoins i mean a lot of money.
Thanks

Good strategy, I think sell bitcoin when the price shot up is the right decision, when all people fo panic selling the price of it will be down. So when we have more money we can get more bitcoin.

We will see over $1000 in a short time, and that's the right time for sell our bitcoin. I didn't hate panic selling, but I hate the fake news. Look back at early January.

[markyminer]

Obviously sell it / convert it into USD.
Like if you would have kept a poll you would have seen more than 50% people voting for converting it into USD.
The reason behind it is that , when ever the price of Bitcoins will shoot up , most of the people will convert their Bitcoins into their currency,
leading to the fall of price of bitcoins .
So i would recommend you to convert them into your currency and then buy bitcoins with that amount and then use 10%  or 20% of that amount
to buy more bitcoins.
Continue this process and one day you will have a lot of bitcoins
and by bitcoins i mean a lot of money.
Thanks

Good strategy, I think sell bitcoin when the price shot up is the right decision, when all people fo panic selling the price of it will be down. So when we have more money we can get more bitcoin.

This is just a very common,basic on trading on which you will sell high and buy low but its not easy as it sounds because you will really need patience in order to be profiting on this kind of way on trading since we all know thats bitcoins price doesnt move too much on longer ranges unless if theres a news or significant events which makes the price moves too fast.

i think different people have different strategy about bitcoin although all the investors are agree on one point to sell their bitcoins when the price goes up. but here different people have different opinion about the high level of bitcoin some says that it will be good to sell when the price cross 1000 $. while so people are waiting the highest price to reach and make a new record.

[Fireblade]

Obviously sell it / convert it into USD.
Like if you would have kept a poll you would have seen more than 50% people voting for converting it into USD.
The reason behind it is that , when ever the price of Bitcoins will shoot up , most of the people will convert their Bitcoins into their currency,
leading to the fall of price of bitcoins .
So i would recommend you to convert them into your currency and then buy bitcoins with that amount and then use 10%  or 20% of that amount
to buy more bitcoins.
Continue this process and one day you will have a lot of bitcoins
and by bitcoins i mean a lot of money.
Thanks

Good strategy, I think sell bitcoin when the price shot up is the right decision, when all people fo panic selling the price of it will be down. So when we have more money we can get more bitcoin.

This is just a very common,basic on trading on which you will sell high and buy low but its not easy as it sounds because you will really need patience in order to be profiting on this kind of way on trading since we all know thats bitcoins price doesnt move too much on longer ranges unless if theres a news or significant events which makes the price moves too fast.

i think different people have different strategy about bitcoin although all the investors are agree on one point to sell their bitcoins when the price goes up. but here different people have different opinion about the high level of bitcoin some says that it will be good to sell when the price cross 1000 $. while so people are waiting the highest price to reach and make a new record.

but i have a very clear strategy that i am not going to sell my bitcoin even the price of bitcoin cross its all time high price. because it is expecting that the price of bitcoin will even increase more and more, i have just decided to hold my bitcoin for next few months or may be for one more year. and am confident that after 1 year the price if bitcoin will more that our expectation.

[xIIImaL]

Obviously sell it / convert it into USD.
Like if you would have kept a poll you would have seen more than 50% people voting for converting it into USD.
The reason behind it is that , when ever the price of Bitcoins will shoot up , most of the people will convert their Bitcoins into their currency,
leading to the fall of price of bitcoins .
So i would recommend you to convert them into your currency and then buy bitcoins with that amount and then use 10%  or 20% of that amount
to buy more bitcoins.
Continue this process and one day you will have a lot of bitcoins
and by bitcoins i mean a lot of money.
Thanks

Good strategy, I think sell bitcoin when the price shot up is the right decision, when all people fo panic selling the price of it will be down. So when we have more money we can get more bitcoin.

We will see over $1000 in a short time, and that's the right time for sell our bitcoin. I didn't hate panic selling, but I hate the fake news. Look back at early January.

Its all because of last year's halving and Christmas pump. Bitcoin price always volatile we do not able to speculate since we have btc chart blogs and threads. If you find any money issues go ahead to sell it out else keep in your wallet itself. It may move 1200$ also in near future.

[Superzpay]

Obviously sell it / convert it into USD.
Like if you would have kept a poll you would have seen more than 50% people voting for converting it into USD.
The reason behind it is that , when ever the price of Bitcoins will shoot up , most of the people will convert their Bitcoins into their currency,
leading to the fall of price of bitcoins .
So i would recommend you to convert them into your currency and then buy bitcoins with that amount and then use 10%  or 20% of that amount
to buy more bitcoins.
Continue this process and one day you will have a lot of bitcoins
and by bitcoins i mean a lot of money.
Thanks

Good strategy, I think sell bitcoin when the price shot up is the right decision, when all people fo panic selling the price of it will be down. So when we have more money we can get more bitcoin.

We will see over $1000 in a short time, and that's the right time for sell our bitcoin. I didn't hate panic selling, but I hate the fake news. Look back at early January.

From that time only a smaller down in the price occur and that often occur after speedy shoot up while now the price of bitcoin is increasing gradually and slowly so in this time it will not happen but the price of bitcoin will increase and increase up with the time and it is also sure that this increase will continue for the whole years so waiting for $1000 is not good but we have to wait for more higher price.

[Carmen_Sandiego]

I will probably be the best decision that I have to sell bitcoin. Well, I guess that is the basis of trading. it makes us lucky, if we can sell it in a higher price. and, when prices go back down, we could buy a bitcoin with earlier results, but with the amount of bitcoin more.

yes if you are working as a trader then it will be your strategy to buy at low and to sell at high but if everyone will sell then it will be harmful for the price of bitcoin because if everyone will sell then the supply will increase and the value of bitcoin will decrease.

now people have become mature, they are now not coming in pressure. we have a good example in previous days, when the price reaches to 1150 bitcoin and after that people start selling. but we can see that most of the people are not going for panic selling, they are holding their bitcoin in any condition and so we can see that there is not big downfall for a long time.

I was thinking about this, and it seems that users are finally feeling more secure in saving money in the form of Bitcoin. I think the economic instability in some countries is so high that Bitcoin becomes one of the few safe havens to store value. And to answer the OP, I think the decision I would make would depend on how Bitcoin goes up in value. If it is a quick and unnatural price increase, there are greater chances that the price will fall next, and in such situations the best thing to do is to sell.

[JungleOnion]

It has to depend in the market more than in your situation. If you think selling at a certain price is profitable double think about it because the market might have some room to grow and so you can maximize the value of the btc you're planning to sell. In the contrary, if you keep holding it because the profit you will make with that spike is not enough, just think of the market, just because you wouldn't make enough profits, doesn't mean the market is in huge profit or loss.

In the other hand, if you are holding alts and believe in the project, don't dump them, usually I make less profit selling btc at a higher price than buying alts when everyone dumps because then alts gain so much more when btc stabilizes.

[marcuslong]

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 don't usually hold bitcoin when bitcoin shoots up i sold them and then waiting to decrease bitcoin atleast 100$ less sometimes i do short term trading where i can get approximately 20-30$ when i successfuly do it

[whizter]

I will probably be the best decision that I have to sell bitcoin. Well, I guess that is the basis of trading. it makes us lucky, if we can sell it in a higher price. and, when prices go back down, we could buy a bitcoin with earlier results, but with the amount of bitcoin more.

yes if you are working as a trader then it will be your strategy to buy at low and to sell at high but if everyone will sell then it will be harmful for the price of bitcoin because if everyone will sell then the supply will increase and the value of bitcoin will decrease.

now people have become mature, they are now not coming in pressure. we have a good example in previous days, when the price reaches to 1150 bitcoin and after that people start selling. but we can see that most of the people are not going for panic selling, they are holding their bitcoin in any condition and so we can see that there is not big downfall for a long time.

I was thinking about this, and it seems that users are finally feeling more secure in saving money in the form of Bitcoin. I think the economic instability in some countries is so high that Bitcoin becomes one of the few safe havens to store value. And to answer the OP, I think the decision I would make would depend on how Bitcoin goes up in value. If it is a quick and unnatural price increase, there are greater chances that the price will fall next, and in such situations the best thing to do is to sell.

economic instability may also be a problem in some countries to change their fiat in to bitcoin. but i think people also invest their assets in bitcoins because they know that bitcoin can give the a good profit, we can see that not only those countries whose economic conditions are not good are selling their but those countries where the economic condition are ok are also selling their

[bitllionaire]

Obviously sell it / convert it into USD.
Like if you would have kept a poll you would have seen more than 50% people voting for converting it into USD.
The reason behind it is that , when ever the price of Bitcoins will shoot up , most of the people will convert their Bitcoins into their currency,
leading to the fall of price of bitcoins .
So i would recommend you to convert them into your currency and then buy bitcoins with that amount and then use 10%  or 20% of that amount
to buy more bitcoins.
Continue this process and one day you will have a lot of bitcoins
and by bitcoins i mean a lot of money.
Thanks

Good strategy, I think sell bitcoin when the price shot up is the right decision, when all people fo panic selling the price of it will be down. So when we have more money we can get more bitcoin.

We will see over $1000 in a short time, and that's the right time for sell our bitcoin. I didn't hate panic selling, but I hate the fake news. Look back at early January.

From that time only a smaller down in the price occur and that often occur after speedy shoot up while now the price of bitcoin is increasing gradually and slowly so in this time it will not happen but the price of bitcoin will increase and increase up with the time and it is also sure that this increase will continue for the whole years so waiting for $1000 is not good but we have to wait for more higher price.

if you mean for long term investment then you need to invest a good amount of investment. because in short term investment we do trade for so many time investing little amount practicing buy at low and then sell at high price. but in long term investment we have to wait for a long time and only then we can secure good profit.

[coinplus]

economic instability may also be a problem in some countries to change their fiat in to bitcoin. but i think people also invest their assets in bitcoins because they know that bitcoin can give the a good profit, we can see that not only those countries whose economic conditions are not good are selling their but those countries where the economic condition are ok are also selling their

Yes, at most of the countries that have a bad economic conditions don’t use bitcoin, some of them don’t have access to the internet so how do you want them to use bitcoin, and I think that is mainly why bitcoin is still not going to replace fiat, and that is why people are still not investing as much into it.

[Fireblade]

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 don't usually hold bitcoin when bitcoin shoots up i sold them and then waiting to decrease bitcoin atleast 100$ less sometimes i do short term trading where i can get approximately 20-30$ when i successfuly do it

but this time i am not going to sell my bitcon. previously when the price of bitcoin hit 1150 i even hold my bitcoin and was not ready to sell it and still i have the same strategy that i am not going to sell my bitcoin in any case until the rice of bitcoin reach to 2000 USD level. may be at this stage i tart thinking about selling my bitcoin., and i am hopeful that it will reach to this price in next few months.

[target]

Yes. Sell it for USD hoping to buy it again when its cheaper again. Its not as complicated as it sound but that's what most of the traders do. Its the safest pair to invest every time people are going to dump btc. Its always a good time to buy again or for some they buy some altcoins because by the time BTc rise, ALTcoins also turn cheap and then once again when btc starts to pump up, they buy BTC again. Its the cycle of life.

[wintermeasures]

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)?

If the Bitcoin Price Really Shoots Up Today then I Will Sell My Bitcoins For Cash and Then I Will Take the Profit I Got From Selling My Bitcoins On a Higher Price and Then Use the Another Remaining Money to Buy Other Altcoin to Trade Or I Will Wait for the Bitcoin Price to Decrease and then Again I Will Buy Bitcoins.....

[wildan88]

If the bitcoin price shoots up, I will sell all my bitcoin, then I take advantage on altcoin and buying at cheap prices. because when bitcoin prices rise, the price of the altcoin will down.

[PacePay]

Obviously sell it / convert it into USD.
Like if you would have kept a poll you would have seen more than 50% people voting for converting it into USD.
The reason behind it is that , when ever the price of Bitcoins will shoot up , most of the people will convert their Bitcoins into their currency,
leading to the fall of price of bitcoins .
So i would recommend you to convert them into your currency and then buy bitcoins with that amount and then use 10%  or 20% of that amount
to buy more bitcoins.
Continue this process and one day you will have a lot of bitcoins
and by bitcoins i mean a lot of money.
Thanks

Good strategy, I think sell bitcoin when the price shot up is the right decision, when all people fo panic selling the price of it will be down. So when we have more money we can get more bitcoin.

We will see over $1000 in a short time, and that's the right time for sell our bitcoin. I didn't hate panic selling, but I hate the fake news. Look back at early January.

That price occurred a few days ago and at that time I did not sold my coins because I know that the price of bitcoin will increase more higher in the coming months and at that value I will get a high profit with my investment in bitcoin and when I will sell now then I will not get much profit so I am waitng for more longer.

[jeraldskie11]

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)?

If the bitcoin shoots up. I probably choose to hold bitcoins. I don't believe that bitcoin will be came down again because I know when its start to increase it will continue. Then if I need a dollar to buy my needs I will sell it into dollars so that I can buy what I want. So I choose 1 and 2.

[markyminer]

If the bitcoin price shoots up, I will sell all my bitcoin, then I take advantage on altcoin and buying at cheap prices. because when bitcoin prices rise, the price of the altcoin will down.

but i am still not going to sell my bitcoin. because i even do not sell my bitcoins in the previous day when the price cross 1150 USD and then the price fell down and still did not sell it gain when the price again touches 1080 USD and once again the price fell down to 940 and now again the price is trading above 960 but still i have no intention to sell my bitcoin, i have to stay for next few months the the price will cross 1500 USD may be after that i will start thinking about selling my bitcoins.

[Cosbycoin]

If the bitcoin price shoots up, I will sell all my bitcoin, then I take advantage on altcoin and buying at cheap prices. because when bitcoin prices rise, the price of the altcoin will down.

same here when bitcoin price shoots up i will also sell my all bitcoin with good price and then i will try to buy more bitcoins with low price and i think its very profitable and good way to make regular money through bitcoin.