Topic: Bitcoin reaches the price of 1500 USD do we have to sell or we save? (Read 2206 times)
Bitcoin has come up with incredible prices. And I've sold almost 3 bitcoin at rate $1400. Bitcoin is really an investment choice for my short term.
May 04, 2017, 10:11:06 PM
Surely price drop will be experienced after a steep pumping everytime. So this time too it's not an exception. We can soon have a price drop, so it's good to profit at the right time. But always the drop generates a panic among the users profiting the big players.
May 04, 2017, 07:08:21 PM
Has anyone so far bought bitcoin before this month, held, and lost money before? So far we can safely say that HODLing will result in essentially guaranteed profit, although this could change. I'm not referring to any specific period of time HODLing coins, but rather in general, though. Unless you really need coins, I'd say just hold off on spending and keep HODLing with us on the forum.
May 04, 2017, 06:43:45 PM
The question is do you satisfied with the price? Because today price is 1500$ and you wait for 2000$ when it is 2000$ you will wait for 3000$, so it is depends on yourself when you want to sell or to save, if you want to invest then hold your coin if you want to enjoy your hardwork then sell it
May 04, 2017, 01:30:09 PM
If at any given time you see Bitcoin's price increased more than 20% in a week and it didn't go back down at least 25% in the coming 10 days then know for sure either manipulation is at it's extremes or it's a real demand of the free market backing the price up.
Next 10 days are critical IMO, if market can hold the price then it means that we've entered a new phase of wide acceptance and awareness and we should as well keep supporting it.
But hey people, Bitcoin really has usefulness, we can transfer wealth across all countries without even a single third party with the ability of blocking or freezing your funds, and we can only have 21M Bitcoins and we have the largest multi-billion dollars mining industry, all the ingredients for a super price digital currency.
If you haven't already figured that out be my guest and dump whatever you have.
Next 10 days are critical IMO, if market can hold the price then it means that we've entered a new phase of wide acceptance and awareness and we should as well keep supporting it.
But hey people, Bitcoin really has usefulness, we can transfer wealth across all countries without even a single third party with the ability of blocking or freezing your funds, and we can only have 21M Bitcoins and we have the largest multi-billion dollars mining industry, all the ingredients for a super price digital currency.
If you haven't already figured that out be my guest and dump whatever you have.
May 04, 2017, 01:12:32 PM
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?
Would you like just a single slice of plain cheese pizza now or would you rather have a whole extra large pizza fully loaded with extra cheese and all your favorite toppings on it along with a jumbo tiramisu cake for desert later without having to do anything extra other than waiting a bit?
May 04, 2017, 01:01:19 PM
If you want the money immediately then it is the best time to sell all your bitcoins and get the fiat,on the other hand if you dont want to get the money right now,i would recommend you to sell it when the price of bitcoins would be 2500$,i guess it will be the highest in the year.
May 04, 2017, 12:58:56 PM
I do both, and if something's happens I'll know that I have saved some and in that way I won't lost much in case the price go too low.
May 04, 2017, 01:55:42 AM
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?
there is fluctuation of price bitcoin then buy back bitcoin, it is time for taking profit,
but if you just want make investments into bitcoin for long term or put your whealty in bitcoin
it is time to hold and save because the price will be more expensive.
Really once you all depends on the goal when playing bitcoin when to make money is currently right to sell it, to wait for the buy price when bitcoin down because we know the bitcoin price is always changing at any time, all decisions are in your hands whether to sell or save Depending on the needs of each bitcoin owner
also everything depend on the strategy investing into bitcoin short time investments or long time investments
if wanna be traders must short time and if wanna be investors must long time.
May 03, 2017, 09:42:38 AM
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.
May 03, 2017, 09:41:37 AM
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.
May 03, 2017, 09:41:11 AM
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.
May 03, 2017, 09:37:12 AM
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.
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. May 03, 2017, 09:33:45 AM
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.
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.
May 03, 2017, 09:16:03 AM
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?
May 03, 2017, 08:16:37 AM
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.
May 03, 2017, 06:14:57 AM
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.
May 03, 2017, 05:46:52 AM
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
May 03, 2017, 05:38:39 AM
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
May 03, 2017, 05:17:05 AM
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.
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