What do you do when BTC shoots up? - page 5.

Ewinsane

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Quote from: ReLieD on January 17, 2017, 12:01:55 PM

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.

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Quote from: ReLieD on January 17, 2017, 12:01:55 PM

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.

Great way indeed but it will be best to trade it peer to peer and not doing it to some fixed exchange because you will get a higher rate that way which will increase your profits.

Quote from: sukamasoto on January 14, 2017, 01:21:36 PM

I'm usually sell it partially when bitcoin reach highest value
And about the rest, I keep it until it reach another halving, since I'm sure bitcoin value will increase 5x from today

Selling partially maximizes your loss and I ave done it before also and halving doesn't guarantee any price increase but instead a lower supply. If you're here last halving, The price doesn't not increase but Halving takes every four years so it is an enough time for bitcoin to reach a much higher price.

ReLieD

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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.

geopolisch

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Quote from: gabmen on January 17, 2017, 04:19:36 AM

Quote from: ScaryMe on January 16, 2017, 10:47:15 PM

Since I do not have enough bitcoin to hold on or make some of it I guess I can only post is my plan if ever.

So for me, if the Bitcoin shoots up, I prefer to sell the half of it and the half is I will hold it and wait for another big halving so a big profit in my part. Because for sure sooner or later the value of it will increase again like what we have this past few years and to the point of this New Year.

Yeah that's right i'm of that as well. Although for me, im keeping all my btcs for ge moment until for the first quarter of this year as some forecasts are actually very inviting. Then i'll sell and hopefully the price would regain it's pace as when the year started. If not then i'll hold on to my btcs for a while longer

I actually don’t agree with you, holding your bitcoin won’t be good enough and won’t get you anything if you want to make profit you have to use your bitcoin and invest it and then when the price goes up sell it and wait for it to for down again so you can buy more, that is what most people did when it gone up to $1100 and now they have almost double the bitcoins.

gabmen

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Quote from: ScaryMe on January 16, 2017, 10:47:15 PM

Since I do not have enough bitcoin to hold on or make some of it I guess I can only post is my plan if ever.

So for me, if the Bitcoin shoots up, I prefer to sell the half of it and the half is I will hold it and wait for another big halving so a big profit in my part. Because for sure sooner or later the value of it will increase again like what we have this past few years and to the point of this New Year.

Yeah that's right i'm of that as well. Although for me, im keeping all my btcs for ge moment until for the first quarter of this year as some forecasts are actually very inviting. Then i'll sell and hopefully the price would regain it's pace as when the year started. If not then i'll hold on to my btcs for a while longer

ScaryMe

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Since I do not have enough bitcoin to hold on or make some of it I guess I can only post is my plan if ever.

So for me, if the Bitcoin shoots up, I prefer to sell the half of it and the half is I will hold it and wait for another big halving so a big profit in my part. Because for sure sooner or later the value of it will increase again like what we have this past few years and to the point of this New Year.

richardsNY

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Quote from: AakZaki on January 16, 2017, 01:43:26 AM

I think we should hold on to them and if we need to buy something, we do not need to turn it into a fiat but we have to go to the store where bitcoin accepted and must buy something with bitcoin so that we will see the price of bitcoin on high value for a longer time.

It doesn't really matter if we cash out coins to buy stuff with fiat, or that everything is being converted to fiat by payment processors such as BitPay. Result in both cases is that the same amount of coins ends up being sold on the market. Other than that, I barely cash out to buy stuff with the profits. Everything I cash out gets invested back into Bitcoin again when the price happens to go down. Last year I just once cashed out fiat from my exchange to my bank account.

Ewinsane

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Quote from: sukamasoto on January 14, 2017, 01:21:36 PM

I'm usually sell it partially when bitcoin reach highest value
And about the rest, I keep it until it reach another halving, since I'm sure bitcoin value will increase 5x from today

yeah i am sure bitcoin will be more increasing its price to highest value so i prefer that old your bitcoin for the future because bitcoin will be more rising its value on another halving and we will be get a good profit from bitcoin in the future.

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I think we should hold on to them and if we need to buy something, we do not need to turn it into a fiat but we have to go to the store where bitcoin accepted and must buy something with bitcoin so that we will see the price of bitcoin on high value for a longer time.

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Well that depends on how high does this geyser go. Sometimes if I think the profit is really hefty (more than 50% of my initial investment) then I go for it and place a sell order. If not then I just leave them be and just wait for another price increase. Because of being patient, I was able to get some pretty nice profits and start a mini business here in our local.

MMA

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Quote from: sukamasoto on January 14, 2017, 01:21:36 PM

I'm usually sell it partially when bitcoin reach highest value
And about the rest, I keep it until it reach another halving, since I'm sure bitcoin value will increase 5x from today

i did not sell my bitcoin in the previous days when the price of bitcoin reaches to 1150 USD and still ot going to sell it even if it reach to that price again i have to wait when the price will cross 1500 USD level. and i am hopeful that bitcoin is going to cross that level in 2017.

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I'm usually sell it partially when bitcoin reach highest value
And about the rest, I keep it until it reach another halving, since I'm sure bitcoin value will increase 5x from today

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Quote from: KingdomHearts on January 11, 2017, 04:24:37 PM

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

Quote from: machinek20 on December 27, 2016, 07:35:38 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.

richardsNY

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Quote from: angaper on January 11, 2017, 06:25:09 PM

Quote from: richardsNY on January 11, 2017, 05:38:09 PM

Quote from: royalfestus on January 11, 2017, 05:19:05 PM

Holding your bitcoin is not the best decision when it shoots up.If one had followed this thread and chosen the best option would have benefited from it in the last price shoot. The outcome of the passage of such time shows how unprofitable the time was for those who held on to their bitcoin. The time will come around again, decide on the best way to make use of the hike in price

It depends on how you prioritize your stash that you are planning to hold. I personally have split them into several wallets where I am planning to do the following.

Wallet 1 - contains coins that may get sold if the price reaches interesting levels as has been the case when I cashed out over the $1000 levels recently.
Wallet 2 - contains coins that may get sold only if the price happens to reach a minimum price of $2000.
Wallet 3 - contains coins that will only get sold slowly at the time the prices reaches $5000 (I know it may never happen, but still)
Wallet 4 - contains coins that will remain there basically for ever. I want to be an elite at the time Bitcoin has gone moon. (Don't want to miss out)

Your system is interesting, though it seems to me that you are taking into account many variables that are too hypothetical. I personally prefer to sell a certain proportion of my coins as the price increases every $100, and in turn I acquire more coins as it decreases $100 bucks.

I do buy back coins that I have sold, but I am long term minded with the way I have set up a certain purpose/goal for every mentioned wallet. That way I never run out of coins even when after cashing out profits the price doesn't happen to go down. So far it has gone down every time, but I don't want to take for granted that it will continue to happen. Bitcoin is too unpredictable for that.

cinchin

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- Depend on situation, if I see the high price I would sell a little
- Market prices change very rapidly, we need to decide quickly and accurately when buying or selling

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I usually hold my coins. Every month I use to sell it to our local exchange to pay my bills and buy the things I needed. I don't sell my bitcoins to other crypto-currency because I may failed to handle an alt coin n/ or more so I am just focusing on collecting BTC.

Rosberger

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Most likely the bitcoin shoots up and than I will also most likely sell my bitcoins because I think that is the best option for me than.

AmsterdamPimp

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I sell and buy my favorite crypto, I sell and buy my ladies nice outfits. What's it got to do with you?

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Quote from: marcoman22 on January 13, 2017, 08:12:05 AM

If BTC price shoots up and if we know the price is going to fall, best option is to sell it and rebuy it when price falls considerably. The same thing happened last week also. I bought bitcoin when its price was $750. All of a sudden, its price rose to $1150. I was very happy and i expected price to go around $2000, a little greed i am. But unfortunately, due to policy changes in china by PBOC, btc price started falling down. So, i decided to sell my btc and better invest in a altcoin. My first option was ETC but it was not performing well.At last, i decided to invest in Ethereum which is still performing well.

When Bitcoin price falls it is good move to invest in alt coin because I noticed that when price of bitcoin go up that time other alt coin go down and when price of bitcoin go down other alt coin go up so this way we can double up our Bitcoin and when Bitcoin price go up gain than we will be having more profit than before.

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Quote from: angaper on January 12, 2017, 07:28:37 PM

In fact each trading decision carries a risk, and each one must assume the consequences of of that without ostentation because the bitcoin market is so capricious that as the price collapsed when arriving to $1,100, it could had also easily reached the $2,000 mark with no problem, so those who laugh today might be crying under the circumstances, and I am convinced that it will happen sooner or later.

After seeing your perspective, I believe holding for long time must be the best decision regardless of whatever higher prices bitcoin will be getting. Because those who found $1100 as target prices will be regretting and must have missed some profits when bitcoin reaches $1500. In long term we definitely will make big profits by having more patience.

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