The current increase in price of bitcoin and it advantage

Cranidos

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Quote from: Yarsk on August 07, 2017, 02:34:49 AM

With the recent rise in the price of bitcoin to us dollars to as high as $3305 as at yesterday, the best period to trade your bitcoin is now.

Well if you already had your desired profit then you can always sell your Bitcoin, that is if you wanted to. I somewhat agree on your proposition that it is the best period to trade bitcoins (though I prefer "good" than "best") since the price is so high but the decision still lies on the user.

On the contrary, I still believe on the power of holding Bitcoin for a long time. Hodlers are always the winner they might say.

tinhyeumaunang

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Quote from: Yarsk on August 07, 2017, 02:34:49 AM

With the recent rise in the price of bitcoin to us dollars to as high as $3305 as at yesterday, the best period to trade your bitcoin is now.

I am also very surprised by the rapid increase of bitcoin. But will it continue to increase later? Should I sell bitcoin or keep it?

Reid

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I have read the first page comments and it made me happy.
Looks like a large percentage of bitcoin users are now in agreement into holding the coins.
It seems like the the increase now made them more faithful into it. I love it. Grin

This will go well and might rise more if we do this common goal.

audaciousbeing

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The advantage that increase in bitcoin price offers based on my point of view is that it shows it reacts to the general feeling of the community and the outcome has been predicted by many which even negate the belief in some quarters that bitcoin is a ponzi scheme or a bublble rising without any reason. Another advantage that I also see is the compensation for those who held strong even in the face of uncertainty during the time of crash where several people have lost their faith.

okissabam

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The current increase of price is an advantage alright but it gives me an idea of not to sell my bitcoins, not now not ever. That only means to show that bitcoin is still on top of the game and whether whatever is thrown at it, it will still continue to rise. All the better for me to save more bitcoins and not sell them because in time its value will be more also. Think about it.

YS84

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If you do not need to hold for long time, this is the best time to sell bitcoin. But when I read the comments here some experts are predicting it has the possibility raise up to higher price end of this year. Decision is totally depend on you with your requirements. And also if you wait from long time until reach to this price, then this is the time for you to sell. No one can make 100% sure what will happen in the future.

smileee

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Quote from: dejames on August 08, 2017, 04:11:08 PM

Quote from: Yarsk on August 07, 2017, 02:34:49 AM

With the recent rise in the price of bitcoin to us dollars to as high as $3305 as at yesterday, the best period to trade your bitcoin is now.

Some people are holding bitcoins for the long-term, when it goes up even more. Anyway, what would you do if you were to sell all your bitcoins?

After all the rumors passed, Bitcoin prices have risen again. That brings benefits to many people, especially Bitcoin investors

entrepmind23

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Quote from: Yarsk on August 07, 2017, 02:34:49 AM

With the recent rise in the price of bitcoin to us dollars to as high as $3305 as at yesterday, the best period to trade your bitcoin is now.

Maybe for the short term traders it would be the best time to sell now since there is a possibility it would bounce back to 2,800+ or more. For the long term traders, it is still early to sell now because more people are joining the bandwagon which would mean a higher demand thus a higher price. We will just hodl and wait.

kafeelniazi

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Quote from: Yarsk on August 07, 2017, 02:34:49 AM

With the recent rise in the price of bitcoin to us dollars to as high as $3305 as at yesterday, the best period to trade your bitcoin is now.

if holders wait for another month they will get double profit because i can smell $4500 Tongue

mevmike

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it depends on the person who owns it if he/she wants to sell it...
if you really need cash you may now do it...
.
But other are holding it for a long time..
in preparation for the legalization/acceptance of bitcoin worldwide.
and i think by that time bitcoin will have a lot more value...
Cheesy

pontoumporcento

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Quote from: Yarsk on August 07, 2017, 02:34:49 AM

With the recent rise in the price of bitcoin to us dollars to as high as $3305 as at yesterday, the best period to trade your bitcoin is now.

Yes, indeed the best time to buy.

dejames

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Quote from: Yarsk on August 07, 2017, 02:34:49 AM

With the recent rise in the price of bitcoin to us dollars to as high as $3305 as at yesterday, the best period to trade your bitcoin is now.

Some people are holding bitcoins for the long-term, when it goes up even more. Anyway, what would you do if you were to sell all your bitcoins?

malikusama

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Not the perfect time to sell bitcoins now because price is still increasing and hopefully it will cross $4000 soon, so better to hold you coins for a huge profit unless you don't need to sell them.

Stripple

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Yeah that's what I'm in doubt about, I mean it can rise even further to 4000 before it falls back. Might be an idea to sell a little bit every day it rises further and then buy back with the sum of all those small amounts. But then I'm trying to actively trade , against my hodling principles Tongue

amacar2

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Best practice for right now is to sell under 50% of your bitcoin and hold all those fiat to buy back cheap bitcoins after possible correction in next few days. Price have rose more than 20% within 2-3 days which I don't think can keep on going like this without correction.

I have done this and waiting for small correction to buy back again at $3k.

ahmadakbari

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Not only now is not a good time to sell our bitcoins, but also it's a good time to buy some bitcoins. After August 1, we have entered to a new era in bitcoin World and a new price increase has started recently.

Stripple

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I also think that indeed that it's a bit inflated, friend of mine already sold some btc in anticipation of another drop that's coming on.

It's also kind of crazy, I mean in a few weeks my Waves investment made a 100% profit; that can't be sustainable right? I will hold forever and only buy more and never sell, but still I feel that a big drop has to happen once again at some point.

K_Roome

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Quote from: Yarsk on August 07, 2017, 02:34:49 AM

With the recent rise in the price of bitcoin to us dollars to as high as $3305 as at yesterday, the best period to trade your bitcoin is now.

This is a welcome discussion point. I was about to post a similair post. The cryptospace definitely feels a bit inflated. However we also said that about the S&P 500 40 years ago Do you know this interesting site? https://www.coincheckup.com Every single coin can be analysed here based on: the team, the product, advisors, community, the business and the business model and much more. For example: https://www.coincheckup.com/coins/Bitcoin#analysis To check Bitcoin Indepth analysis

TravelMug

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Quote from: Yarsk on August 07, 2017, 02:34:49 AM

With the recent rise in the price of bitcoin to us dollars to as high as $3305 as at yesterday, the best period to trade your bitcoin is now.

For me I still wait for the Segwit to be lock-in before making any moved to sell it. The price is really attractive but I do believed that we can still make another run at $3500 in coming days because of the Segwit lock-in. But if you do think that the price for you right now its good, then sell it. But most of us are still waiting for the Segwit lock-in because it will bring positive news to the ecosystem making the price rise again. So I'm not pushing the sell button eventhough the price is good now, will wait more time before making my decision short term or long term.

loopes

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Quote from: Zadicar on August 07, 2017, 04:31:09 AM

Quote from: Yarsk on August 07, 2017, 02:34:49 AM

With the recent rise in the price of bitcoin to us dollars to as high as $3305 as at yesterday, the best period to trade your bitcoin is now.

This is the best time to sell out our bitcoins and securing the profits we do gain specially when we do bought it on lower price in previous months.If you are a short trader you will surely do such thing for sure and this is what im doing now, securing profits in a certain high price point. I know that this price range would not be permanent and there would really be a time to see those prices would really go back again on those price on 2700-2800.

I think not at near time the price of bitcoin will go back to 2700 till 2800 dollars because on graph bitcoin price seems strong in 3000+ dollars.

i did not said that current price will stay and permanent, you are absolutely right this thing that current prices still possible to down again to lower than 3000 dollars. but not happen for near future.

demands of bitcoin seems still good to keep the price at current level.

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