Should I sell my BTC or buy more? - page 3.

Vikingr

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Quote from: Shawns on May 05, 2017, 03:23:29 AM

Hello everyone,

I was wondering after yesterday when the price went from 1400usd to 1600usd if I should sell it now or not?

It's not much but have around 1.2 bitcoin now.

I have also heard somewhere that the price will rise further because countries are going to use it.

Let me know!

In the future the price of bitcoin will increase much more so if you will buy now some more bitcoin then it will be better for you because you will invest some more money in bitcoin and you will earn some more profit when the price of bitcoin will increase more in the future.

Jewell

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Quote from: Armstand on May 05, 2017, 09:47:00 AM

Quote from: rajasumi3 on May 05, 2017, 09:14:16 AM

you dont have to sell any bitcoins at all,just hold on to it and wait till the price of bitcoins reaches 2500$,well it is the best for me and i think that the price of bitcoin will be increased more till the end of this year.

For me. There is no reason to still hold once you have a valid reason or you need badly cash because even though you wait for the high but you can't use when the time of your needs then it is still useless to have a huge amount of money that has no purpose at all. Sell it if you need and hold if you just worrying for dump.

yes it is good to use your bitcoins for your need because people earn money to fulfill their needs, but i think those people who have a good amount ofb bitcoin and they are going to invest their bitcoin in other alt coin for making money for such people my advise is to hold their bitcoin and not to invest it anywhere else, because bitcoin can really give you a good profit in short period of time

PokerFace3

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Quote from: faaty on May 06, 2017, 01:00:48 PM

hodl is another option ..

But adding more must be a wise option if you ask me. When you are having chances to invest more, instead of investing into any other sector, buying more bitcoins would be the right option as per considering the future bitcoin prices. I believe bitcoin will be having rapid growth like reaching 5 digit prices in coming years.

Hence just saving what ever bitcoins you are already holding might mean like you are ignoring to multiply your chances of becoming richest if you are already rich person lol.

Rahar02

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Quote from: Shawns on May 05, 2017, 03:23:29 AM

Hello everyone,

I was wondering after yesterday when the price went from 1400usd to 1600usd if I should sell it now or not?

It's not much but have around 1.2 bitcoin now.

I have also heard somewhere that the price will rise further because countries are going to use it.

Let me know!

If you have many funds to buy bitcoin, I suggest to purchase more instead of sell it which you will regret in the future obviously.
As the value keep growing over time and you could make more money from investment in bitcoin at this time.
If you think bitcoin cannot move any further, than sell a bit isn't problem. But, I believe bitcoin could reach higher price this year than just $1600usd.

faaty

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hodl is another option ..

selline

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Quote from: nostra3 on May 06, 2017, 12:02:41 PM

If funds are still available, I will buy more bitcoins. Investing in bitcoin is very profitable. Bitcoin has become one of my income sources. So I can buy a bitcoin miner.

indeed from the users of the bitcoin is very confident that the investment was highly profitable because current price value of bitcoin higher so I too want a lot more profits so bitcoin for us

Mr.grin

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I guess when you buy it when it costs under $ 1200, I think it's a good time to sell the bitcoin you have. maybe is also very good for buying bitcoins at the moment, but I think the benefits and risks are quite high, so maybe better, hold, or sell.

Golftech

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Quote from: anami57 on May 06, 2017, 10:15:43 AM

Selling the current bitcoin into dollars is a pretty good choice, because it looks like bitcoin will experience a slight decrease. Well, when the down occurs then we do buyback bitcoin. With so profit in bitcoin investment will increase.

they trade can be done if the price really show some big downfall but for me its better to hold if you don't needed your money for emergency
because for sure the value will keep moving up and after another year another height will be achieved. bitcoin is for long time investment just like placing your money in a time deposit to benefits much bigger.

cpfreeplz

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Quote from: Shawns on May 05, 2017, 03:23:29 AM

I have also heard somewhere that the price will rise further because countries are going to use it.

Of course there is no source because everyone and their dog has an opinion of where the price will go but no one could ever tell you. Is 1.2 bitcoins enough to keep you happy if there is a 5x rise? Is 1.2 bitcoins too much if they fell to worth absolutely nothing tomorrow? That's how you know if you've invested enough or too much. Don't worry about the price at it's totally arbitrary. Someone out there is still making money off of mining bitcoins, if they weren't then no one would be mining and the price would skyrocket then too.

nostra3

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If funds are still available, I will buy more bitcoins. Investing in bitcoin is very profitable. Bitcoin has become one of my income sources. So I can buy a bitcoin miner.

anami57

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Selling the current bitcoin into dollars is a pretty good choice, because it looks like bitcoin will experience a slight decrease. Well, when the down occurs then we do buyback bitcoin. With so profit in bitcoin investment will increase.

DustyRah

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Quote from: Shawns on May 05, 2017, 04:02:44 AM

Quote from: ralle14 on May 05, 2017, 03:56:07 AM

Here's my advice, if you really need the money then sell your btc if not then just hold it. I felt bad for selling mine last year at $700 I thought bitcoin won't go past $1000. If this keeps up I feel like we might see the price reach $2000 soon.

Alright thanks for your advice. I think once it reaches $2000 im going to sell it.

You also have the choice to sell half of it and keep the other half invested.

TicTacTic

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Quote from: hajimasan on May 06, 2017, 12:21:25 AM

Quote from: Shawns on May 05, 2017, 03:23:29 AM

Hello everyone,

I was wondering after yesterday when the price went from 1400usd to 1600usd if I should sell it now or not?

It's not much but have around 1.2 bitcoin now.

I have also heard somewhere that the price will rise further because countries are going to use it.

Let me know!

I understand that you are in that condition of the bitcoin buy/sell where your mind says that sell it just now and second will in your mind is to hold it because price will increase more .
But here I will suggest you for the sell in the installments .
Just you should make your own Target that how much the maximum price that you would like to sell .
And then turn the bitcoin that you hold in two to three parts and sell after every increase of 100-300$ ( or according to your willing ) .
Here my opinion for the Increase in the price is that just wait for the increase in the price in the 2021 Because at that time price will be 10 times that what is currently

Not everyone can keep bitcoin for so long. Some plan to sell it in 2018-2020. It makes no sense just to keep and not to use wealth.
It is necessary to postpone the part for the future, and sell part at a high price and buy at a low

hajimasan

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Quote from: Shawns on May 05, 2017, 03:23:29 AM

Hello everyone,

I was wondering after yesterday when the price went from 1400usd to 1600usd if I should sell it now or not?

It's not much but have around 1.2 bitcoin now.

I have also heard somewhere that the price will rise further because countries are going to use it.

Let me know!

I understand that you are in that condition of the bitcoin buy/sell where your mind says that sell it just now and second will in your mind is to hold it because price will increase more .
But here I will suggest you for the sell in the installments .
Just you should make your own Target that how much the maximum price that you would like to sell .
And then turn the bitcoin that you hold in two to three parts and sell after every increase of 100-300$ ( or according to your willing ) .
Here my opinion for the Increase in the price is that just wait for the increase in the price in the 2021 Because at that time price will be 10 times that what is currently

freedomno1

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Learning the troll avoidance button :)

Quote from: LFC_Bitcoin on May 05, 2017, 09:21:39 AM

The only certainty in bitcoin's relatively short lifespan thus far is that despite pumps & dumps the price has consistently recovered & reached a new ATH.

Sure if you had a large stash sell some, take some profits but if as you say OP, you have 1.2 bitcoin's then don't sell.
HODL at least until about 2021 (a year after the next halving).

I'm pretty certain by that time your 1.2 bitcoin's will be worth significantly more than now.

I do know is that I saw someone at a local bitcoin shop cash in a $25,000 cheque pay a 5% fee on that a few weeks ago and bought at 1800 CAD with fees now each coin is worth 2050 CAD so they are up at least 3500 on that trade.

Hard to say when the price will peak though but if your in for a ride quick money can arrive but sold one at 1500 a while back did not get it back yet the price went up more so HODL rings true hard to guess the peak.

ImHash

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It doesn't matter does it? either way you should be using bitcoin as a mean to transfer value no matter the price, price only matters for traders and people trying to earn daily profit.
Besides if you think about it we're heading upwards ever since the inception and we'll continue to go up as time passes, so IMHO if you keep what you have and buy at any given price you're going to come out victor in the long term.
I don't see miners quitting and shut down their ASIC farms any time soon, they are even adding to their mining power each day and that is an indication of increase over time, this is really not that hard to understand.

xvids

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Well if you really need the money right now just sell your bitcoin,
But if you don't just hold it and wait and see where it would get you.

suryana

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Trphy.io

I have sold 60% bitcoin in my wallet into dollars. There is a sense of worry that bitcoin will decrease. And I will buyback bitcoin with dollar of previous sale ,.

BitcoinPanther

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Quote from: ralle14 on May 05, 2017, 03:56:07 AM

Here's my advice, if you really need the money then sell your btc if not then just hold it. I felt bad for selling mine I thought bitcoin's price will crash at that time but I was wrong. If this keeps up I feel like we might see the price reach $2000 soon.

The way OP stated his case means he is not in urgent need of money. He is asking if it is wise to buy or sell Bitcoin with the current fluctuation and I will suggest to hold and buy more. It may crash after this spike but if you are into a long term investment with Bitcoin, the temporary crash won't concern you. It will definitely rise again and will break its ATH again and again, until the market is saturated.

Berns

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Quote from: Armstand on May 05, 2017, 09:47:00 AM

Quote from: rajasumi3 on May 05, 2017, 09:14:16 AM

you dont have to sell any bitcoins at all,just hold on to it and wait till the price of bitcoins reaches 2500$,well it is the best for me and i think that the price of bitcoin will be increased more till the end of this year.

For me. There is no reason to still hold once you have a valid reason or you need badly cash because even though you wait for the high but you can't use when the time of your needs then it is still useless to have a huge amount of money that has no purpose at all. Sell it if you need and hold if you just worrying for dump.

Everyone wants to sell at the best possible price. Therefore, such questions arise. But you are right, it is individual for each holder. Crypto currency is a risk and everyone should make a decision to buy, sell or keep

Topic: Should I sell my BTC or buy more? - page 3. (Read 3630 times)