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Author Topic: The current increase in price of bitcoin and it advantage  (Read 681 times)
Yarsk
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August 07, 2017, 07:34:49 AM
 #1

With the recent rise in the price of bitcoin to us dollars to as high as $3305 as at yesterday, the best period to trade your bitcoin is now.

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August 07, 2017, 08:52:12 AM
 #2

With the recent rise in the price of bitcoin to us dollars to as high as $3305 as at yesterday, the best period to trade your bitcoin is now.

if by "trade" you mean sell because it is a big number in your eyes then no, it is not the best time to sell because bitcoin has just started moving up. and will continue as the BIP141 locks in SegWit and then the follow up rally will be as SegWit activates and we see it in real action. this is actually a long awaited rally.

but if you mean trading in the normal sense then there is nothing different. you could have traded bitcoin (bought and sold and bought back) the same as before and in the future!














 

 

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August 07, 2017, 09:09:10 AM
 #3

With the recent rise in the price of bitcoin to us dollars to as high as $3305 as at yesterday, the best period to trade your bitcoin is now.

if by "trade" you mean sell because it is a big number in your eyes then no, it is not the best time to sell because bitcoin has just started moving up. and will continue as the BIP141 locks in SegWit and then the follow up rally will be as SegWit activates and we see it in real action. this is actually a long awaited rally.

but if you mean trading in the normal sense then there is nothing different. you could have traded bitcoin (bought and sold and bought back) the same as before and in the future!

The original poster must have been confused a little. It is indeed not the best time to convert Bitcoin to cash as the value is rising and can continue to rise in days ahead though there might be some periodic corrections but holding on to what you have can be the best strategy. In fact, there are now many who returned to Bitcoin after they listened to FUD and converted their Bitcoin to fiat. That was a a big mistake.

However, if the original poster is a good trader then he can make good money whether the market is going up or going down. Volatility can be a friend to someone who knows what he is doing. According to many analysts, there is a big chance for Bitcoin to breach the 4K wall before the year ends...though we have to be careful as not all predictions can come true.

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August 07, 2017, 09:19:50 AM
 #4

Yes that was the perfect period when you can sell all your bitcoins for a better profit. And I think that was the best call as it was. That was the highest peak in the history. But I think it will go up more. You just need to wait and then you can earn a big profit as time goes by. Think about long term, not short term.

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August 07, 2017, 09:28:00 AM
 #5

There will be more rise in next few month,if you short on cash,you can sell now,but don't regret it later
I think you should have a bitcoin saving that you hold for few years to make a big profit

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August 07, 2017, 09:31:09 AM
 #6

With the recent rise in the price of bitcoin to us dollars to as high as $3305 as at yesterday, the best period to trade your bitcoin is now.
This is the best time to sell out our bitcoins and securing the profits we do gain specially when we do bought it on lower price in previous months.If you are a short trader you will surely do such thing for sure and this is what im doing now, securing profits in a certain high price point. I know that this price range would not be permanent and there would really be a time to see those prices would really go back again on those price on 2700-2800.

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August 07, 2017, 09:36:09 AM
 #7

BTC is still undervalued and will go more than what you can imagine right now. For day to day traders it is the time to sell a part of their wallet and wait for another dump but for long term holders it is nothing yet.



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August 07, 2017, 09:41:29 AM
 #8

It is just a start. Next stop is $5000
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August 08, 2017, 02:03:13 PM
 #9

With the recent rise in the price of bitcoin to us dollars to as high as $3305 as at yesterday, the best period to trade your bitcoin is now.
As bitcoin prices increase, the number of bitcoin participants will increase more rapidly, which in turn makes Bitcoin prices continue to increase. Bitcoin continues to benefit many people.

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August 08, 2017, 02:08:45 PM
 #10

It is just a start. Next stop is $5000
I'm not sure that such a dizzying rise in prices is good. This benefits only the owners of the coins. There are too little opportunities to earn bitcoin to not be interested in its price. Buyers of coins, this price can be daunting.

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August 08, 2017, 02:18:07 PM
 #11

It is just a start. Next stop is $5000
I'm not sure that such a dizzying rise in prices is good. This benefits only the owners of the coins. There are too little opportunities to earn bitcoin to not be interested in its price. Buyers of coins, this price can be daunting.

if price goes up to $5000 it means that these "Buyers of coins" are buying it that price had gone up that much! it doesn't magically get there. Smiley
for the record I don't think $5000 is possible this year (although I have been wrong before) but I should mention that the fast rise is not unheard of in a market like bitcoin which is growing very fast and with a high rate of adoption. it is still young and there is a large number of people who are just hearing about it and want a piece of it.

and never forget about the 1 in a million thing with bitcoin.

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August 08, 2017, 02:23:23 PM
 #12

With the recent rise in the price of bitcoin to us dollars to as high as $3305 as at yesterday, the best period to trade your bitcoin is now.
This is the best time to sell out our bitcoins and securing the profits we do gain specially when we do bought it on lower price in previous months.If you are a short trader you will surely do such thing for sure and this is what im doing now, securing profits in a certain high price point. I know that this price range would not be permanent and there would really be a time to see those prices would really go back again on those price on 2700-2800.

 I think not at near time the price of bitcoin will go back to 2700 till 2800 dollars because on graph bitcoin price seems strong in 3000+ dollars.

i did not said that current price will stay and permanent, you are absolutely right this thing that current prices still possible to down again to lower than 3000 dollars. but not happen for near future.

demands of bitcoin seems still good to keep the price at current level.

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August 08, 2017, 02:29:37 PM
 #13

With the recent rise in the price of bitcoin to us dollars to as high as $3305 as at yesterday, the best period to trade your bitcoin is now.

For me I still wait for the Segwit to be lock-in before making any moved to sell it. The price is really attractive but I do believed that we can still make another run at $3500 in coming days because of the Segwit lock-in. But if you do think that the price for you right now its good, then sell it. But most of us are still waiting for the Segwit lock-in because it will bring positive news to the ecosystem making the price rise again. So I'm not pushing the sell button eventhough the price is good now, will wait more time before making my decision short term or long term.

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August 08, 2017, 06:25:39 PM
 #14

With the recent rise in the price of bitcoin to us dollars to as high as $3305 as at yesterday, the best period to trade your bitcoin is now.

This is a welcome discussion point.  I was about to post a similair post. The cryptospace definitely feels a bit inflated. However we also said that about the S&P 500 40 years ago Do you know this interesting site? https://www.coincheckup.com Every single coin can be analysed here based on: the team, the product, advisors, community, the business and the business model and much more.  For example:  https://www.coincheckup.com/coins/Bitcoin#analysis To check  Bitcoin Indepth analysis
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August 08, 2017, 06:29:42 PM
 #15

I also think that indeed that it's a bit inflated, friend of mine already sold some btc in anticipation of another drop that's coming on.

It's also kind of crazy, I mean in a few weeks my Waves investment made a 100% profit; that can't be sustainable right? I will hold forever and only buy more and never sell, but still I feel that a big drop has to happen once again at some point.

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August 08, 2017, 06:35:32 PM
 #16

Not only now is not a good time to sell our bitcoins, but also it's a good time to buy some bitcoins. After August 1, we have entered to a new era in bitcoin World and a new price increase has started recently.

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August 08, 2017, 06:41:52 PM
 #17

Best practice for right now is to sell under 50% of your bitcoin and hold all those fiat to buy back cheap bitcoins after possible correction in next few days. Price have rose more than 20% within 2-3 days which I don't think can keep on going like this without correction.

I have done this and waiting for small correction to buy back again at $3k.


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August 08, 2017, 06:51:52 PM
 #18

Yeah that's what I'm in doubt about, I mean it can rise even further to 4000 before it falls back. Might be an idea to sell a little bit every day it rises further and then buy back with the sum of all those small amounts. But then I'm trying to actively trade , against my hodling principles Tongue

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malikusama
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August 08, 2017, 07:19:26 PM
 #19

Not the perfect time to sell bitcoins now because price is still increasing and hopefully it will cross $4000 soon, so better to hold you coins for a huge profit unless you don't need to sell them.



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dejames
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August 08, 2017, 09:11:08 PM
 #20

With the recent rise in the price of bitcoin to us dollars to as high as $3305 as at yesterday, the best period to trade your bitcoin is now.

Some people are holding bitcoins for the long-term, when it goes up even more. Anyway, what would you do if you were to sell all your bitcoins?
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