What do you do when BTC shoots up? - page 4.

socks435

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Quote from: bestluck on January 22, 2017, 09:19:08 AM

Quote from: Mr.grin on January 20, 2017, 04:57:14 AM

I will probably be the best decision that I have to sell bitcoin. Well, I guess that is the basis of trading. it makes us lucky, if we can sell it in a higher price. and, when prices go back down, we could buy a bitcoin with earlier results, but with the amount of bitcoin more.

yes if you are working as a trader then it will be your strategy to buy at low and to sell at high but if everyone will sell then it will be harmful for the price of bitcoin because if everyone will sell then the supply will increase and the value of bitcoin will decrease.

You don't need to be lucky in trader you should have skill and strategy to make a good profit in trading.
Theres a method that actually makes me 80% sure that you can make profit.. with 4 tier and good margin setup that can makes me good result.. if i stay in bitcoin trading. than altcoin trading.

bestluck

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Quote from: Mr.grin on January 20, 2017, 04:57:14 AM

I will probably be the best decision that I have to sell bitcoin. Well, I guess that is the basis of trading. it makes us lucky, if we can sell it in a higher price. and, when prices go back down, we could buy a bitcoin with earlier results, but with the amount of bitcoin more.

yes if you are working as a trader then it will be your strategy to buy at low and to sell at high but if everyone will sell then it will be harmful for the price of bitcoin because if everyone will sell then the supply will increase and the value of bitcoin will decrease.

Casabrandy

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Quote from: agungpraz on January 22, 2017, 07:57:26 AM

Quote from: aaseb on July 07, 2016, 07:39:09 PM

Hi,

I'd like to know what do you think is a good strategy when BTC price shoots up and you feel it's going to come down again.
- hold on to your Bitcoin?
- Sell it for USD hoping to buy it again cheaper?
- Sell it for other crypto (in this case which would you choose)?

i will sell all my btc if the price very high. and then wait until that price lower to buy again.

Same here I'm doing it also when chances occurred ,there were lot of opportunities that I missed before. Its because I'm not that active , but I still earn a bit because I just keep it on my wallet and the btc value goes up

MFahad

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Quote from: Qunenin on January 20, 2017, 03:19:12 AM

Quote from: ReLieD on January 17, 2017, 11:01:55 AM

The best option is to convert it into USD
Then again by BTC with that USD when the prices fall.
In this way you can have profits and just profits and no loss.
By far this is the best method of increasing your money.
Well in the near future there can be better ways to earnBTC
/Increase profits.

Very nice but better have a P2P because you will get a higher rate than the fixed exchange. Also been keen and vigilant and see when the btc price go up so you dont miss the chance. What happens mostly is that BTC price go up for very small period and we are unaware of it to get the maximum benefit from changing prices.

if you prefer it on exchange with other, but then the best of that is to put your money on your bitcoin wallet so you earn profit but only less present of losing. And desktop wallets are the best. Avoid the online wallets for better safety.

agungpraz

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Quote from: aaseb on July 07, 2016, 07:39:09 PM

Hi,

I'd like to know what do you think is a good strategy when BTC price shoots up and you feel it's going to come down again.
- hold on to your Bitcoin?
- Sell it for USD hoping to buy it again cheaper?
- Sell it for other crypto (in this case which would you choose)?

i will sell all my btc if the price very high. and then wait until that price lower to buy again.

szpalata

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Quote from: aaseb on July 07, 2016, 07:39:09 PM

Hi,

I'd like to know what do you think is a good strategy when BTC price shoots up and you feel it's going to come down again.
- hold on to your Bitcoin?
- Sell it for USD hoping to buy it again cheaper?
- Sell it for other crypto (in this case which would you choose)?

The second option works for me. It is logical to always sell when it drops and buy them at a cheaper price when it falls further and stabilizes. This needs dedication and maximum attention and above all good trading skills in order to be successful with this strategy.

pooya87

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Quote from: audaciousbeing on January 21, 2017, 04:42:13 PM

The important thing is being ready to make a decision because one can never tell what will happen the nest minute in the sense that the next minute could turn out to be better or turn out to be worse but instinct is what matters and be ready to live with the aftermath of the decision of whether selling or holding that might happen. For me, in the last all time high that was experienced, I was confused whether to sell or not because I had read some predictions about what usually happen, when prices go that high but the moment I thought of selling when I come back to check the price soar but the night before the crash I just made up my mind to sell the following morning it was a free fall.

During low price now, I buy at the same time gather the little I can and wait for the right time to sell.

doing what you are describing here needs a day trader and most people around here are only long term holders and newbies which should become long term holders because day trading is not easy and they will end up losing money.

also i must add things aren't happening in minutes! at least not as bad as you think. yeah, it drops or rises big time in some occasions but they are rare. and most of the time it takes time (short time or long) for the price to change and sharp rises and sharp drops happen rarely and if you buy at the bottom you won't have a hard time selling as a day trader even if it drops fast.

audaciousbeing

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The important thing is being ready to make a decision because one can never tell what will happen the nest minute in the sense that the next minute could turn out to be better or turn out to be worse but instinct is what matters and be ready to live with the aftermath of the decision of whether selling or holding that might happen. For me, in the last all time high that was experienced, I was confused whether to sell or not because I had read some predictions about what usually happen, when prices go that high but the moment I thought of selling when I come back to check the price soar but the night before the crash I just made up my mind to sell the following morning it was a free fall.

During low price now, I buy at the same time gather the little I can and wait for the right time to sell.

bitbob82

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Quote from: btvGainer on January 19, 2017, 06:52:25 PM

Quote from: aaseb on July 07, 2016, 07:39:09 PM

Hi,

I'd like to know what do you think is a good strategy when BTC price shoots up and you feel it's going to come down again.
- hold on to your Bitcoin?
- Sell it for USD hoping to buy it again cheaper?
- Sell it for other crypto (in this case which would you choose)?

I prefer to sell when price is high and buy back when price fall after correction.
But sometimes I sell early and price goes up more but that is the part of bitcoin trading.One can never predict precisely how far price would go

yes i also give preference to selling when i realize that the price of bitcoin shoot up, but previous time when the price of bitcoin reached to 1150 USD i just hold my bitcoin because it was expected that very soon the price of bitcoin will shoot up.

jovs

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Quote from: Mr.grin on January 20, 2017, 04:57:14 AM

I will probably be the best decision that I have to sell bitcoin. Well, I guess that is the basis of trading. it makes us lucky, if we can sell it in a higher price. and, when prices go back down, we could buy a bitcoin with earlier results, but with the amount of bitcoin more.

Certainly, that is the principle of trading even in forex trading. Wether in long term or short investment, in order to get profit, you must be focused on it. Trading isn't for nervous people whom affraid that the market will dump so much, that's how newbie lose their money in trading. Always be smart, patient, and brave in investing like btc.

Mr.grin

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I will probably be the best decision that I have to sell bitcoin. Well, I guess that is the basis of trading. it makes us lucky, if we can sell it in a higher price. and, when prices go back down, we could buy a bitcoin with earlier results, but with the amount of bitcoin more.

Qunenin

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Activity: 966

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Quote from: ReLieD on January 17, 2017, 11:01:55 AM

The best option is to convert it into USD
Then again by BTC with that USD when the prices fall.
In this way you can have profits and just profits and no loss.
By far this is the best method of increasing your money.
Well in the near future there can be better ways to earnBTC
/Increase profits.

Very nice but better have a P2P because you will get a higher rate than the fixed exchange. Also been keen and vigilant and see when the btc price go up so you dont miss the chance. What happens mostly is that BTC price go up for very small period and we are unaware of it to get the maximum benefit from changing prices.

btvGainer

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Quote from: aaseb on July 07, 2016, 07:39:09 PM

Hi,

I'd like to know what do you think is a good strategy when BTC price shoots up and you feel it's going to come down again.
- hold on to your Bitcoin?
- Sell it for USD hoping to buy it again cheaper?
- Sell it for other crypto (in this case which would you choose)?

I prefer to sell when price is high and buy back when price fall after correction.
But sometimes I sell early and price goes up more but that is the part of bitcoin trading.One can never predict precisely how far price would go

JeffBrad12

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Leading Crypto Sports Betting & Casino Platform

Quote from: Fireblade on January 19, 2017, 02:36:44 PM

Quote from: BitcoinPanther on January 18, 2017, 01:39:46 PM

Quote from: bitllionaire on January 14, 2017, 12:15:15 PM

Quote from: KingdomHearts on January 11, 2017, 03:24:37 PM

Quote from: Oralmat on January 11, 2017, 11:12:01 AM

Quote from: machinek20 on December 27, 2016, 06:35:38 PM

When bitcoin is shoots up the best thing to do is hold your coin, doing trading with small scale of your bitcoin is fine, it will help you to gain some profit and bitcoin need to be spent so it can be grow further, when shoot up it will be a bad idea to change it with other alt coin, it will made your investment drop drastically

I agree with you when bitcoin shoot up better hold it into bitcoin value Since it is increasing the fiat value increases too like now its value increases rapidly .
We have now $900 plus value and still increasing so better keep and wait.

i agree with you that hold your bitcoin when bitcoin price shoots up because that time is very much good for holding your bitcoin and i am its very profitable way to make bitcoin in good amount.

yes but i think you need to then sell it on the right time. because in previous time i myself missed the right time to sell my bitcoin when bitcoin cross 1100 USD/ bitcoin price, it was a good opportunity but i take it wrong and expect that this time the price of bitcoin will cross all time high price therefore i don not prefer to sell my bitcoin.

The question now would, when is the right time? That is the problem everyone of us have different view. But I guess we all agree that when a profit is seen that is the right time to start selling. How much the profit depends on how much we wants. So I guess it is up to the holder to say the right time to sell their Bitcoin.

i think it is one of the most difficult task to identtify the correct time. for examples in previous days when the price of bitcoin reached to 1150 USD first i decided to sell my bitcoin, but after that i thought that the price of bitcoin is going to beat its all time previous bitcoin, but bounce back and fell down to 730, but still i am holding my bitcoin in hope that very soon the price of bitcoin will cross at least 1000 USD again.

remember if the price of bitcoin was shooting high and the Chinese will make a silly statement. and the scenario will be always repeating every year, IMO.

Vorth

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If the bitcoin shoots up?
Half of my coin will be sell off and the other half will be just in my wallet so in case of continues increase of value there are still coins to be sell.

Fireblade

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Quote from: BitcoinPanther on January 18, 2017, 01:39:46 PM

Quote from: bitllionaire on January 14, 2017, 12:15:15 PM

Quote from: KingdomHearts on January 11, 2017, 03:24:37 PM

Quote from: Oralmat on January 11, 2017, 11:12:01 AM

Quote from: machinek20 on December 27, 2016, 06:35:38 PM

When bitcoin is shoots up the best thing to do is hold your coin, doing trading with small scale of your bitcoin is fine, it will help you to gain some profit and bitcoin need to be spent so it can be grow further, when shoot up it will be a bad idea to change it with other alt coin, it will made your investment drop drastically

I agree with you when bitcoin shoot up better hold it into bitcoin value Since it is increasing the fiat value increases too like now its value increases rapidly .
We have now $900 plus value and still increasing so better keep and wait.

i agree with you that hold your bitcoin when bitcoin price shoots up because that time is very much good for holding your bitcoin and i am its very profitable way to make bitcoin in good amount.

yes but i think you need to then sell it on the right time. because in previous time i myself missed the right time to sell my bitcoin when bitcoin cross 1100 USD/ bitcoin price, it was a good opportunity but i take it wrong and expect that this time the price of bitcoin will cross all time high price therefore i don not prefer to sell my bitcoin.

The question now would, when is the right time? That is the problem everyone of us have different view. But I guess we all agree that when a profit is seen that is the right time to start selling. How much the profit depends on how much we wants. So I guess it is up to the holder to say the right time to sell their Bitcoin.

i think it is one of the most difficult task to identtify the correct time. for examples in previous days when the price of bitcoin reached to 1150 USD first i decided to sell my bitcoin, but after that i thought that the price of bitcoin is going to beat its all time previous bitcoin, but bounce back and fell down to 730, but still i am holding my bitcoin in hope that very soon the price of bitcoin will cross at least 1000 USD again.

BitcoinPanther

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Quote from: bitllionaire on January 14, 2017, 12:15:15 PM

Quote from: KingdomHearts on January 11, 2017, 03:24:37 PM

Quote from: Oralmat on January 11, 2017, 11:12:01 AM

Quote from: machinek20 on December 27, 2016, 06:35:38 PM

When bitcoin is shoots up the best thing to do is hold your coin, doing trading with small scale of your bitcoin is fine, it will help you to gain some profit and bitcoin need to be spent so it can be grow further, when shoot up it will be a bad idea to change it with other alt coin, it will made your investment drop drastically

I agree with you when bitcoin shoot up better hold it into bitcoin value Since it is increasing the fiat value increases too like now its value increases rapidly .
We have now $900 plus value and still increasing so better keep and wait.

i agree with you that hold your bitcoin when bitcoin price shoots up because that time is very much good for holding your bitcoin and i am its very profitable way to make bitcoin in good amount.

yes but i think you need to then sell it on the right time. because in previous time i myself missed the right time to sell my bitcoin when bitcoin cross 1100 USD/ bitcoin price, it was a good opportunity but i take it wrong and expect that this time the price of bitcoin will cross all time high price therefore i don not prefer to sell my bitcoin.

The question now would, when is the right time? That is the problem everyone of us have different view. But I guess we all agree that when a profit is seen that is the right time to start selling. How much the profit depends on how much we wants. So I guess it is up to the holder to say the right time to sell their Bitcoin.

roadbits

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Quote from: wahb on January 17, 2017, 04:43:40 PM

Quote from: Ewinsane on January 17, 2017, 03:48:52 PM

Quote from: ReLieD on January 17, 2017, 11:01:55 AM

The best option is to convert it into USD
Then again by BTC with that USD when the prices fall.
In this way you can have profits and just profits and no loss.
By far this is the best method of increasing your money.
Well in the near future there can be better ways to earnBTC
/Increase profits.

i think convert your bitcoin to USD is not good option in that time, you should hold more your bitcoin when price of bitcoin shoots up because people making big profit and they hold it and wait for more high price.

i am holding my bitcoin for last few years and not going to sell it. although in previous days the price reaches to 1150 USD. but still i did not sell my btc in bitcoin. i am hopeful that the price of bitcoin will go so high, therefore holding bitcoin will be the good option.

If you are looking for the future plan then holding bitcoin for many years is worth otherwise it is no use to wait for several years. it's dead investment if you not get any profit in time. Till today the highest price of BTC is 1500$. Last few days back it was 1150+ so just 300$ difference. I think it will not cross more than 1500$. Even I am also holding my coins once the price cross 1k$ I will sell my coins.

BellaBitBit

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Merit: 500

When it shoots up I usually sell some and put it into my favorite alt coins because they are usually down when bitcoin is up, then as bitcoin stabilizes for awhile money goes back into altcoins. I am not an expert trader and it is hard to predict what bitcoin is going to do, this is just what I do.

wahb

sr. member

Activity: 378

Merit: 250

Quote from: Ewinsane on January 17, 2017, 03:48:52 PM

Quote from: ReLieD on January 17, 2017, 11:01:55 AM

The best option is to convert it into USD
Then again by BTC with that USD when the prices fall.
In this way you can have profits and just profits and no loss.
By far this is the best method of increasing your money.
Well in the near future there can be better ways to earnBTC
/Increase profits.

i think convert your bitcoin to USD is not good option in that time, you should hold more your bitcoin when price of bitcoin shoots up because people making big profit and they hold it and wait for more high price.

i am holding my bitcoin for last few years and not going to sell it. although in previous days the price reaches to 1150 USD. but still i did not sell my btc in bitcoin. i am hopeful that the price of bitcoin will go so high, therefore holding bitcoin will be the good option.

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