I have 4 bitcoin What should i do. Should sell or hold on to the price increase?

[redsn0w]

I suggest you to store them with a paper wallet and forget of these 2 bitcoin for about 3-4 years (or at least remember them before the next halving ~ July 2016). I want also to tell you : buy bitcoin now it is so cheap. Don't sell them now the price is not "true".

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[cheekychap]

My new year resolution for 2015 was to buy 1 bitcoin a month. Now, I have 4 bitcoin. But, the price value of bitcoin is stuck at $250. Any good advice for me please. Should I keep going with the New year resolution. Will the price increase in value.

The price will probably increase till the ATH news.

[deluxeCITY]

Cool new year resolution and well done setting goals i have to assume you can afford to buy a btc a month, so if you are not in a major situation where you really need the money you keep them and do as others have said store them in a safe place and kinder forget about them easier said than done Also if you have the money to continue buying then you probably should keep buying at least what you can afford it will not be long before we brake out and cheap coin will be gone for awhile again. Good luck!

[HarmonLi]

No one knows. Don't listen to anyone claimin they know where we're headed from here! Thing is: we're currently at a remarkably long time of stagnating prices and even gains in an otherwise record-long period of downwards movements. If you really intend to continue buyin 1 BTC per month (a good idea in my opinion) I think you should hold your coins and make sure not to panic sell them at the next drop. But make sure to make up your own mind!!!

[readysalted89]

Instead of thinking about either selling them all or holding them all you might consider keeping half no matter what, and maybe selling half if it seems a good time to. If the price goes up you still hold half which should cover your losses on the other half.

[Bernard Lerring]

If you're wondering if you've wasted your money then I'm speculating that you aren't super wealthy. So I'd advise to just keep the 4 BTC and carry on with your life.

This should provide adequate security in case a global economic crisis happens. A little piece of mind stashed away, just in case.

[uki]

Here is a quick guide on how the current prices should be seen. It's not mine, but I fully agree with the author, as he pretty much nails it:

400-500: small risk
300-400: safe area
200-300: time to buy
100-200: why the hell are you not buying
50-100: you are mentally insane not to buy
0-50: you want to be poor on purpose

If you have still some dry powder, you may use and don't buy something else for your everyday life, then buying here carries relatively little risk.

[1Referee]

My new year resolution for 2015 was to buy 1 bitcoin a month. Now, I have 4 bitcoin. But, the price value of bitcoin is stuck at $250. Any good advice for me please. Should I keep going with the New year resolution. Will the price increase in value.

Just be patient, your 4 Bitcoins are a solid long term investment.

Hold your coins, that's the best advice some one can give you.

[Frijj]

I'd stick to your plan and keep buying at this price and definitely don't sell them. I think holding bitcoins will pay off eventually as it's still early days for btc in my opinion.

Here is a quick guide on how the current prices should be seen. It's not mine, but I fully agree with the author, as he pretty much nails it:

400-500: small risk
300-400: safe area
200-300: time to buy
100-200: why the hell are you not buying
50-100: you are mentally insane not to buy
0-50: you want to be poor on purpose

If you have still some dry powder, you may use and don't buy something else for your everyday life, then buying here carries relatively little risk.

If it went down to 0-50 I'd be thinking, shit is this really a good idea? 

[Mehek]

give many small loans of 0.1btc to many users who need it.it can increase your earning 30-40% per 3-4day

[Paashaas]

Just hold and enjoy the ride!

You will be waking up everyday with a smile on youre face when we entering a new bullmarket.

[HarmonLi]

Here is a quick guide on how the current prices should be seen. It's not mine, but I fully agree with the author, as he pretty much nails it:

400-500: small risk
300-400: safe area
200-300: time to buy
100-200: why the hell are you not buying
50-100: you are mentally insane not to buy
0-50: you want to be poor on purpose

If you have still some dry powder, you may use and don't buy something else for your everyday life, then buying here carries relatively little risk.

Thing is, if we reach those prices (400-500) and stay there for a month or two, we've entered a definitive bull-market again. We will be headed upwards from there and the risk actually gets smaller with each USD that we gain.

[ThatDGuy]

You might consider switching to dollar-cost averaging with your BTC purchases.

i.e. just pick a value you want to spend ($250) every month and buy at a comfortable level to manage risk, remain unemotional, and accumulate.

Make sure to stop doing this (temporarily) if/when we blow up past the ATH and climb at an insane rate.  Take a good look at the bubbles in BTC's history and try your best to prepare mentally for your sell plan.  Don't be too greedy.

[okthen]

Hold them in a safe cold wallet!
Work and work and work some more to buy more coins!
Hopefully profit!

[pepto]

If you fold now and sell you'll get most or all of your fiat, but then what? You're out of the contest. Can't win and can't lose. You'll need another hobby.
4 coins is a nice position in my opinion. Maybe (or maybe not), slow your accumulation (because you're uncertain), but don't sell. You went this far and there is hope.


HODL and keep the faith. That's what I do.

(I still mine because I'm a miner and miners have to mine. Even when at a loss. I balance faith and stupidity every day!)

[zooyaa]

You might consider switching to dollar-cost averaging with your BTC purchases.

i.e. just pick a value you want to spend ($250) every month and buy at a comfortable level to manage risk, remain unemotional, and accumulate.

Make sure to stop doing this (temporarily) if/when we blow up past the ATH and climb at an insane rate.  Take a good look at the bubbles in BTC's history and try your best to prepare mentally for your sell plan.  Don't be too greedy.

What do you mean (when we blow up past the ATH) what does ATH mean. Please

[zooyaa]

If you fold now and sell you'll get most or all of your fiat, but then what? You're out of the contest. Can't win and can't lose. You'll need another hobby.
4 coins is a nice position in my opinion. Maybe (or maybe not), slow your accumulation (because you're uncertain), but don't sell. You went this far and there is hope.


HODL and keep the faith. That's what I do.

(I still mine because I'm a miner and miners have to mine. Even when at a loss. I balance faith and stupidity every day!)

I'm a miner too. But, my mining rig is small. I want to keep it that way cuz the value of bitcoin it down. I do it for fun. but my focuss is on buying bitcoin. 1 bitcoin per month while the price is down. cuz now I can afford to buy

[zooyaa]

today I'm planning on buying $50 worth Bitcoin I'm using the tips that I get for my customer. Lol.

[pepto]

My last buy was at $289. No one gets it exactly right.
Buy when you can afford. Hold what you buy. Don't chicken out.
In fact, you've inspired me to make a little buy myself   

[cheekychap]

You can atleast wait it out till the new ATH exchange comes out.