The current increase in price of bitcoin and it advantage - page 2.

Pursuer

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Quote from: sindikat on August 08, 2017, 09:08:45 AM

Quote from: sumit513 on August 07, 2017, 04:41:29 AM

It is just a start. Next stop is $5000

I'm not sure that such a dizzying rise in prices is good. This benefits only the owners of the coins. There are too little opportunities to earn bitcoin to not be interested in its price. Buyers of coins, this price can be daunting.

if price goes up to $5000 it means that these "Buyers of coins" are buying it that price had gone up that much! it doesn't magically get there.

for the record I don't think $5000 is possible this year (although I have been wrong before) but I should mention that the fast rise is not unheard of in a market like bitcoin which is growing very fast and with a high rate of adoption. it is still young and there is a large number of people who are just hearing about it and want a piece of it.

and never forget about the 1 in a million thing with bitcoin.

sindikat

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Quote from: sumit513 on August 07, 2017, 04:41:29 AM

It is just a start. Next stop is $5000

I'm not sure that such a dizzying rise in prices is good. This benefits only the owners of the coins. There are too little opportunities to earn bitcoin to not be interested in its price. Buyers of coins, this price can be daunting.

smileee

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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.

As bitcoin prices increase, the number of bitcoin participants will increase more rapidly, which in turn makes Bitcoin prices continue to increase. Bitcoin continues to benefit many people.

sumit513

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It is just a start. Next stop is $5000

ubercool

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BTC is still undervalued and will go more than what you can imagine right now. For day to day traders it is the time to sell a part of their wallet and wait for another dump but for long term holders it is nothing yet.

Zadicar

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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 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.

LodisMcguire

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There will be more rise in next few month,if you short on cash,you can sell now,but don't regret it later
I think you should have a bitcoin saving that you hold for few years to make a big profit

spadormie

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Yes that was the perfect period when you can sell all your bitcoins for a better profit. And I think that was the best call as it was. That was the highest peak in the history. But I think it will go up more. You just need to wait and then you can earn a big profit as time goes by. Think about long term, not short term.

iamTom123

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Quote from: talkbitcoin on August 07, 2017, 03:52:12 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.

if by "trade" you mean sell because it is a big number in your eyes then no, it is not the best time to sell because bitcoin has just started moving up. and will continue as the BIP141 locks in SegWit and then the follow up rally will be as SegWit activates and we see it in real action. this is actually a long awaited rally.

but if you mean trading in the normal sense then there is nothing different. you could have traded bitcoin (bought and sold and bought back) the same as before and in the future!

The original poster must have been confused a little. It is indeed not the best time to convert Bitcoin to cash as the value is rising and can continue to rise in days ahead though there might be some periodic corrections but holding on to what you have can be the best strategy. In fact, there are now many who returned to Bitcoin after they listened to FUD and converted their Bitcoin to fiat. That was a a big mistake.

However, if the original poster is a good trader then he can make good money whether the market is going up or going down. Volatility can be a friend to someone who knows what he is doing. According to many analysts, there is a big chance for Bitcoin to breach the 4K wall before the year ends...though we have to be careful as not all predictions can come true.

talkbitcoin

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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 by "trade" you mean sell because it is a big number in your eyes then no, it is not the best time to sell because bitcoin has just started moving up. and will continue as the BIP141 locks in SegWit and then the follow up rally will be as SegWit activates and we see it in real action. this is actually a long awaited rally.

but if you mean trading in the normal sense then there is nothing different. you could have traded bitcoin (bought and sold and bought back) the same as before and in the future!

Yarsk

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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.

Topic: The current increase in price of bitcoin and it advantage - page 2. (Read 783 times)