Do you think it will be the best time to sell as there are two kind of speculations one says the value of bitcoin will reach $20,000 by 2018 and there are also speculations that the bitcoin might go through a dump in upcoming days but i know we cannot believe into random predictions by random users due to the volatility of bitcoin but i need some suggestions whether to hold on to bitcoin or sell it out and invest some of it into altcoins and then wait for the price drop to reinvest into bitcoin which i am not sure will happen or not.
I would probably say yes. Bitcoin's price has grown really far from it's usual price before. Now, we see the highest points of how far bitcoin can go, then I would definitely suggest to grab this opportunity and seize the moment because it is one of the most expensive cryptocurrencies out there. We can always buy again when it becomes cheaper anyways.
It is natural by its value to be flactuated because it was mean being made of the creator to be like this, but this time there's abnormality that could be happen because nowadays bitcoin is very volatile which breaking the speculated price worth $20,000 and now it is heading into $21,000. If you just determine the previous years where the price of it just maintaining adding the value $1,000 to $2,000 by the year end and now it's rapidly increasing it's value which if you compare the past years that almost 5x bigger far from it's usual price before.
So I agree with you that it is the right time sell it which still remaining keep on rising it's value because we might know what will be the destiny of bitcoin this coming year 2018, perhaps it will be drop or up. So much to be secure because if ever it will continue to rise you've still get on profit on this.