Bitcoin reaches the price of 1500 USD do we have to sell or we save?

[lionheart78]

  You have to ask yourself: Am I an active bitcoin trader, or a long term investor? 

If you can answer this one correctly then your next action will benefit you most.  As for me, I always hold when it comes to Bitcoin unless there is a need for me to convert it to fiat money.  The stats show that bitcoin will increase more in the following years.  Holding it right now will give you profit if you are a long term investor. 

[LeyMonte]

lets just hold it for now. there are too any aspect why bitcoin will skyrocket.. patience is the key!

[iamTom123]

I read somewhere that a correction is really coming soon and it can decrease in value but there seems to be a continuing rally that can catapult Bitcoin in the $1700 mark before this correction could occur. So if this analysis would be true, then maybe wait for Bitcoin to reach in the $1600+ level before cashing out.

Disclaimer: I am just a human being like you and I just took that idea somewhere I could not guarantee that it would really happen. Trade at your own risk and if you lose then better luck next time.

[Mbokani]

It all depends upon how much profit you are in and when it comes to trading greed is a factor that will reduce the amount of profit but if you are looking for a long term profit then you are good to keep ,if you are carefully watching the market then you will know whether the market will correct or not,you have to spend your time online and since the bitcoin market is round the clock you have to be vigilant all the time.

[P4ndoraBox]

Think Bitcoin as a insane big Gold Mine that wont be able to be mined forever.

The day that there wont be anymore Bitcoin to mine, price will increase drastically.

If you think longterm holding, you are a winner.

[posternat]

Think Bitcoin as a insane big Gold Mine that wont be able to be mined forever.

The day that there wont be anymore Bitcoin to mine, price will increase drastically.

If you think longterm holding, you are a winner.

If you holding good amount of coins at the moment the its time to make some profit.Sell it now then buy again when the value decreases and start waiting again.  This type of buying and selling is normally done by traders. For a normal person like us, the only thing we can do is that get hold of coins and keep it save for 1 period of 6 months or so and then sell it on a double profit or more.

[Barbut]

Think Bitcoin as a insane big Gold Mine that wont be able to be mined forever.

The day that there wont be anymore Bitcoin to mine, price will increase drastically.

If you think longterm holding, you are a winner.

If you holding good amount of coins at the moment the its time to make some profit.Sell it now then buy again when the value decreases and start waiting again.  This type of buying and selling is normally done by traders. For a normal person like us, the only thing we can do is that get hold of coins and keep it save for 1 period of 6 months or so and then sell it on a double profit or more.

We can`t all be winners, while some of you are saving for one day, other people are spending bitcoins and with that we are helping bitcoin economy to grow. Investing, gambling, what ever you do it`s important to make transactions, to send and receive bitcoins. If everyone just save then bitcoin can just collapse one day, cause of that I`m for spending and rich people can save for future, I don`t have funds for that I need to live today and I need money now, that is my situation. But bitcoin will worth 2000 one day, that is question of the time.

[nethan1btc]

Think Bitcoin as a insane big Gold Mine that wont be able to be mined forever.

The day that there wont be anymore Bitcoin to mine, price will increase drastically.

If you think longterm holding, you are a winner.

If you holding good amount of coins at the moment the its time to make some profit.Sell it now then buy again when the value decreases and start waiting again.  This type of buying and selling is normally done by traders. For a normal person like us, the only thing we can do is that get hold of coins and keep it save for 1 period of 6 months or so and then sell it on a double profit or more.

We can`t all be winners, while some of you are saving for one day, other people are spending bitcoins and with that we are helping bitcoin economy to grow. Investing, gambling, what ever you do it`s important to make transactions, to send and receive bitcoins. If everyone just save then bitcoin can just collapse one day, cause of that I`m for spending and rich people can save for future, I don`t have funds for that I need to live today and I need money now, that is my situation. But bitcoin will worth 2000 one day, that is question of the time.

That's a wow thing to have if $2000 is worth happening and holding it is a right thing to do for now and I don't really mind those rich people, whatever they do whether they will save or sell their balances. If you're thinking of possible collapse onday, well I must tell you that you shoud stop on your investments, because nothing will happen if you always be afraid of anything and risk is always a part of business; and that's reality. Be brave with your decisions and I am confident that bitcoin will became more popular in the world 5 years from now, just be positive enough.

[DoublerHunter]

We should do both, we should sell some of our bitcoin to secure the profit and save the rest for long term so if the price rises again, we don't waste the chance because we still have bitcoin in our wallet. Don't just keep selling or saving, balance your action so you will not regret in the end of the day.

[Maheshkumar_Hrangkhawl]

I don't have that many coins in my wallets. So selling them is out of question. I am now thinking whether to purchase some coins in exchange for fiat. The prices are too high... so I have to think again.

[snipie]

Time I was really confused, bitcoin prices have gone up to more than 1500 USD, I have little bitcoin deposits whether at this time should I sell or should I save to wait the price more than the current price that may reach the price of 2000 USD?

What is your opinion for me right now?

Selling now could be profitable since the price could get a correction and drop down
Holding your coins could be also profitable since the price could get higher and higher
My opinion is hold and wait if you don't have much coins or else you could take the risk and sell a part from your holding which I think it is much more gambling right now

[bobyhodob]

I choose to sell some of it because I think this is already quite high. I'm sure there will be a decrease in the price of bitcoin, After that, I would buy again. happy trading

[Maheshkumar_Hrangkhawl]

I choose to sell some of it because I think this is already quite high. I'm sure there will be a decrease in the price of bitcoin, After that, I would buy again. happy trading

Nice decision, I'd say. We should not get too greedy. If your target has been reached, then you should go according to the plans. Hopefully, you would be able to book a nice amount of profit by doing short covering.

[btc_angela]

Time I was really confused, bitcoin prices have gone up to more than 1500 USD, I have little bitcoin deposits whether at this time should I sell or should I save to wait the price more than the current price that may reach the price of 2000 USD?

What is your opinion for me right now?

The opinion of each and every person will differ in this forum, so try and understand what is in best interest. Since you say you have little then I suggest you can afford to hold it. In case you need urgent cash, sell it. However my personal opinion would be to hold it and hold it tight. This is just the beginning and it shall keep on shooting up and up. There is no need to panic sale now and it's best to keep them and at a later date sell them. But do consider your finances before you make any decisions.

Exactly, It's based on what the individual situation to sell or wait. If they need the money now, then why wait? But for me, I would like to save more bitcoins because its getting higher everyday so long term investment is really good. Just save like 10% of your salary to bitcoin and it will multiply exponentially in the next years to come.

[sportis]

It is the same question and only the amount of USD changes. Therefore, if OP is interested to fiat then which was the rate usd/btc when he bought? Secondly  what are your beliefs about the course of bitcoin. Third why not spend it and buy with less money this thing, assuming that there is store which is bitcoin friendly, that was cost about $1000 some months ago?

[Sundark]

We have seen the same question every time bitcoin price is spiking. The answer is always the same:
if you need fiat ASAP or are fine the level of profit selling BTC now will generate for you then sell.
But truth to be told, if you wait then Bitcoin will be even more valuable in the future.
Imagine the price range after next halving in 2020, it will be probably more than $5000-$10000 per BTC.

[BrewMaster]

first of all i can see $1485.7 bitstamp and $1492.9 coinbase prices not $1500.

there are so many different approaches one can take.

if you are a trader or want to trade and make profit then sell after there is a spike and buy back as fast as you can in the first dip without hesitation.
for a bit longer term trading you can wait for a news that you think can cause a big dip like the rejection of ETF and then sell but you have to be extra quick and also factor in the possibility of the exchange platform going down because of high traffic. and then buy back after a couple of days when there is a big dip.

for a real long term. don't be foolish and don't sell. $1500 is too small to sell wait for $10,000-$50,000 and sell.

[Gloober]

What is your opinion for me right now?

I think this just depends on yourself and your sistuation. Ask yourself, what is it that you need? Do you need money right now? Are you going to make profit from what you've invested if you sell right now?

These are the questions you should ask yourself when you're considering to sell. If all the answers above are no then just save up. As for me, I'm saving up for now even though I would make a bunch of profit right now.

[iqlimasyadiqa]

I choose to sell some of it because I think this is already quite high. I'm sure there will be a decrease in the price of bitcoin, After that, I would buy again. happy trading

Indeed there is a chance to decline, but if you look at the statistics we will even rise again.
I am just like you. I sell 40% of the bitcoin I have, and I try to pray that another 60% bitcoin can make a bigger profit.

[harizen]

Time I was really confused, bitcoin prices have gone up to more than 1500 USD, I have little bitcoin deposits whether at this time should I sell or should I save to wait the price more than the current price that may reach the price of 2000 USD?

What is your opinion for me right now?

If you asking for opinion, it will give you more confusion so better take a time to make a self analyzation on what's going on.

So you should sell? Why in the first place? If you want to cash it out then it's up to you. Why you will hold? We don't want to spoil the current trend so why sold?

Keep in mind, that bitcoin is meant for long term. So it's up to you if you will hug the FUD, hug the price increase rally or avoid FOMO.