Bitcoin is skyrocketing

[Fourgh]

Recent charts shows that Bitcoin is going up and is still doing so as of today.
But the question is, when will it last? And when is the right time to sell?
What is your benchmark in deciding when to sell some Bitcoins?
BTCBTCBTC

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[BingoDog]

I haven't set my benchmark for selling because I don't have the intention to sell all my coins. I will sell bitcoins when I will be in need for money and exactly that amount that I need. Basicly bitcoin serves me to cover some of my needs and the rest I keep as kind of savings for rainy days hoping that price will rise with time. Now the bitcoin is heading in good direction and hope we could see 4000$ soon.

[manselr]

Recent charts shows that Bitcoin is going up and is still doing so as of today.
But the question is, when will it last? And when is the right time to sell?
What is your benchmark in deciding when to sell some Bitcoins?
BTCBTCBTC

Im not selling Bitcoin until at least november, because Jeff Garzik and company will be pushing the segwit2x attack again. There will be a dip which smart money will buy. Dumb money will be shaken out as always.

Once segwit2x is out of the picture, along with Bitcoin Cash, the journey to $10,000 will begin.

The more failed attempts to fork BTC, the harder it will be, so the future attempts will be less and less relevant. In fact, now that BCash is dead, I doubt segwit 2x will have any impact at all...

[john2231]

Not a good idea to sell bitcoins right now until segwit lock in that i think the price can be boost more soon..
And i think after price increase we will experience of the price drop and its just a normal movement of the price and there are whales are waiting when they can sell huge to trigger people to panic selling they can getting the benefits of the price decrease that they can buy new bitcoins again and gain more profit when the price rise up again..

[Stedsm]

Recent charts shows that Bitcoin is going up and is still doing so as of today.
But the question is, when will it last? And when is the right time to sell?
What is your benchmark in deciding when to sell some Bitcoins?
BTCBTCBTC

Im not selling Bitcoin until at least november, because Jeff Garzik and company will be pushing the segwit2x attack again. There will be a dip which smart money will buy. Dumb money will be shaken out as always.

Once segwit2x is out of the picture, along with Bitcoin Cash, the journey to $10,000 will begin.

The more failed attempts to fork BTC, the harder it will be, so the future attempts will be less and less relevant. In fact, now that BCash is dead, I doubt segwit 2x will have any impact at all...

Let us wait for SegWit to come into full effect before we could even talk and get scared about SegWit2x but Bitcoin is definitely not going downside anymore and that's for sure. Op, don't sell until this major event takes place because Bitcoin is seriously and safely going to test $5000 level as there was a breakout of the consolidation levels at $3300 so we should be prepared for numerous rumbling shifts this time.

[amacar2]

Price moves according to supply and demand for bitcoin but majority of price swings are from manipulators and day traders. Price have jumped over $500 in last 2 days or less than that, which might not hold for long time.

I am expecting some correction on price when it will reach between $3500 to $4k but there is no way to guarantee this move. Its better to sell some part of your bitcoin at high price to buy back at cheap price.

[ahmadakbari]

Price moves according to supply and demand for bitcoin but majority of price swings are from manipulators and day traders. Price have jumped over $500 in last 2 days or less than that, which might not hold for long time.

I am expecting some correction on price when it will reach between $3500 to $4k but there is no way to guarantee this move. Its better to sell some part of your bitcoin at high price to buy back at cheap price.

There is no guarantee the price will fall. I think it is not worth the risk. Better to keep your bitcoins and buy some if you can afford.

[bamboylee]

Just for a few more days, there are lots of good news for bitcoin that is driving the price high. Maybe it will last a few more days before it starts sliding down because the price gets high too fast. If you hit maybe 40% profit, it is good to sell even if the price gets still higher. The price will slide some day and you can buy again.

[michkima]

Recent charts shows that Bitcoin is going up and is still doing so as of today.
But the question is, when will it last? And when is the right time to sell?
What is your benchmark in deciding when to sell some Bitcoins?
BTCBTCBTC

No sh*t sherlock. You should really think about the title of your topics. It doesn't really convey what you want to discuss. Probably a more appropriate title would be "until when will bitcoin prices go up?" Or something like that.

To me I think it will never stop unless bitcoins get blown out of the water by another altcoin or bitcoin software gets compromised or super computers can already crack everybody's private keys.

[andthereyou]

No one can tell when the bitcoin prize will stop increasing.
If it stop increasing the best thing to do is to set a prize to sell. Lets say when bitcoin prize drop by 10 to 20 percent, then sell to avoid further loss.

[tabas]

Recent charts shows that Bitcoin is going up and is still doing so as of today.

It's been growing up since 2009.

But the question is, when will it last?

Don't ask when it will last because it's always performing good chart all the time.

And when is the right time to sell?

It's always a good time to sell and to buy, depending on your satisfaction level.

What is your benchmark in deciding when to sell some Bitcoins?

Still don't have plans on this thing.

[maokoto]

Yes, going up and does not seem to be going down inmediately at least... I tend to predict when it is going down because people offer a high interest rate for lending btc for margin trading. Rates are low, so at least margin traders do not expect it to go down anytime soon lol.

[Torque]

Title is misleading. Skyrocketing would imply we are at $10K.

We are not at $10K.

How you do guys that love to make these disingenuous thread titles live with yourselves? And always made by some newbie account with less than 100 posts... hmmm...

[richardsNY]

Aside from me buying and selling at the time I am day trading, I never cash out profits if I haven't at least made 25% in profit. It will give me a decent chunk of fiat that I at a later point can use to buy back my coins at lower levels to increase the number of my coins. If you don't have the patience and dedication to wait till you gained 25%, then stick to a lower percentage (preferably not below 10%) you feel comfortable with. But then again, no matter what people here advice, if you can't handle the volatility of this market, and can't discard your emotions, nothing will help you, that's a fact.

[crairezx20]

For now we don't know when the price increase will it last but i think the price of bitcoin can be increase more these coming days or weeks..
Since segwit improves the transaction speed and less fee i think more people and investors will be willing to invest more in bitcoin to gain more profit and to support bitcoin. 
Look at the price in market the price is increasing more compare to yesterday.

[Kotone]

Don't sell your bitcoin yet unless you need money to spend well nowadays its not really hard to grow our bitcoin from investment and traidng also from gambling but for me holding them is also a great way to earn profit and we dont know if the lrice will become more higher nor secrease always check the price

[illinest]

I am expecting some correction on price when it will reach between $3500 to $4k but there is no way to guarantee this move. Its better to sell some part of your bitcoin at high price to buy back at cheap price.

Meh, I've stopped selling my bitcoins entirely. I've been around since 2014, and it seems that selling them always results in me being able to buy less coins down the road.

There's something strange about my ability to trade bitcoin vs. other assets. With bitcoin, I get terribly emotional and can't seem to handle the swings when longing and shorting it. I've started trading stocks and commodities using bitcoin as collateral instead. Somehow, this is much better for my psychology: I can just set stops and forget.

[Yuuto]

Recent charts shows that Bitcoin is going up and is still doing so as of today.
But the question is, when will it last? And when is the right time to sell?
What is your benchmark in deciding when to sell some Bitcoins?
BTCBTCBTC

Yes. There has been a lot of pumping going on especially in the past month or so. And i think that this is healthy market activity since 1st August proved nothing but harmless and segwit is already locked in.

How long it will last? To be honest, i think that the price is already nearing bubble territory. It could really pop any time, but probably not until at least the end of the month since Segwit isn’t going to get activated until like late this month.

I would definitely be looking to sell as soon as the price breaks $3700. The price has already gone up enough this year, if it hits $3700 it would mean basically 10x in a period of 12 months. I don’t think that this is something sustainable.

I’m still bullish in the long run with bitcoin. It’s just that i think if you sell now you’ll have a better chance of making more profit, because you can always buy back later when nobody is interested in btc.

[hovrah]

Don't sell your bitcoin yet unless you need money to spend well nowadays its not really hard to grow our bitcoin from investment and traidng also from gambling but for me holding them is also a great way to earn profit and we dont know if the lrice will become more higher nor secrease always check the price

Today in general a very strange situation with Bitcoin and everything that happens around it. The recent fork has made it possible for the Bitcoin to split, and therefore the double takes on a considerable share of the Bitcoin investment. As far as it is serious and how this will hurt Bitcoin users, we'll see. But it's very annoying for me.

[BCTBF]

Recent charts shows that Bitcoin is going up and is still doing so as of today.
But the question is, when will it last? And when is the right time to sell?
What is your benchmark in deciding when to sell some Bitcoins?
BTCBTCBTC

It seems like the bitcoin value will survive and I think this increase will not be over at least until the end of the year, if it continues like this I think you no need to make a benchmark to sell your bitcoin because bitcoin value is now very high, so you are free to sell your bitcoin at a value regardless.