The carrot is there with these high prices. The clever investor will sell some bitcoins to generate fiat for later and hodl the majority <80%+> to profit later. You always need to generate some fiat, to enable you to buy when the price correction have taken place and cheaper coins are available again.
I play this game like that and it has always paid out good profits in the long run. ^smile^
You think keeping 80% is good? I mean, what if you took out 20% and it took a really long time for the plunge to happen? Do you just keep that 20% solely for buying bitcoin on the cheap later?
I've only been in this for less than 5 months and I'm quite conservative with the few bits (not even a whole btc) that I have.
Ok, let's just say I dumped a certain amount of btc in an exchange and never add any more to it. Would I still benefit from taking out 20% of it periodically while the price is still going up?
So you think BTC bull run is going to last forever. I think there is no value in the current price because it is getting frustration, I sent BTC to an account yesterday and still unconfirmed, so what justify the current price increase, slow transaction and high transaction fee
Of course bitcoin will not rise forever. Soon China's government will resume bitcoin's withdrawing and I expect the price will go down after that. It's known fact that China owns the biggest bitcoin capital and I suppose people will start to cash out their money while the price is high.
I guess that would be a win for those who have money left to snag the cheap coins.
For example my classmates want to buy $1000 bitcoin in all orders from me buh they wait for bitcoin crash. I hope it will happen since I was happy from Mt.Gox market crash in 2014 because of cheap BTC.
Lucky you, I wish I had that opportunity. Oh, the things would probably be doing now I got that.
The sell price in my currency is freaking 150k now (buy is 176k). That's why I'm quite nervous. Guess I'm going to follow Kakmakr's example. I mean, if it don't crash I'd still have that money ready anyway.
Too bad for those that has weak heart, they join and ride along with the panic selling that has been started by those whales and short traders. It's proven for so many times that HODLING is the best thing to do in this type of situation. Just don't get have a weak feeling stand up and just wait, we will rise again.
I guess it's the choice of having your bitcoin intact through a crash, or selling out at peak. I still see no reason for weak hands to sell now, they can just monitor it and then only sell when it starts to go down. I did that before and instead of plunging steeply it turns out the price decrease was only a hiccup.
