What do you do when BTC shoots up? - page 7.

SHAWN-MIDWAYS

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Quote from: cryp24x on December 27, 2016, 08:02:50 PM

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 think it will be better to sell Bitcoin when it shoots up and wait for the dip to buy them again. Reading and watching trades I learn one thing. In order for us to maximize our profit, let us ride with the whale. Going against them will just give us losses.

I like your strategy and its practically easy to implement but are you are trader to assure us that this has worked for you because bitcoin trading seems to be a gamble.

geopolisch

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Quote from: cryp24x on December 27, 2016, 08:02:50 PM

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 think it will be better to sell Bitcoin when it shoots up and wait for the dip to buy them again. Reading and watching trades I learn one thing. In order for us to maximize our profit, let us ride with the whale. Going against them will just give us losses.

I totally agree , traying to hold our bitcoin whenever the price goes up is not a good thing , it make you profit but it is very risky because when the price goes up it has to go down , so the wise thing to do is wait for it to rise to a certain point where it is a bit stable and then sell , we should never ask for more because it is risky.

BrewMaster

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Quote from: Clinton_Stuarta on December 28, 2016, 04:03:14 PM

Supply & Demand controls the price. If the big greedy pump and dump miners actually scale back on dumping it the price will rise.

the miners dumping has always existed and will always continue to exist because they are running a business and they need to earn money to pay for electricity cost and other things. but that is turning into a small percentage of the whole market as we move forward and more people invest in the market making it bigger.

carlerha

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Quote from: Supercrypt on December 28, 2016, 02:59:34 PM

Quote from: lionheart78 on December 28, 2016, 12:22:24 AM

Quote from: JeffBrad12 on December 27, 2016, 11:48:25 PM

Too difficult for predicting when the price will get his maximum increase. Yesterday when the bitcoin was shooting on $915 and just take a short time for the price go back to the below $890. We just are able for predict it, although sell at $910 and we just hope it will go back below that.

Yeah, especially if we are not the whales. We know that the price will go up but we don't know what is the peak before it start to decline. Charts and news never helps in predicting the exact rise or stop of Bitcoin price before it starts the correction phase. They only give us hint of the next price movement.

I think that it is very clear that the future of bitcoin is very clear therefore to me I think long term investment will be a good decision, as no one know that when the price of bitcoin is going to take correction. In long term investment you will never feel the fear if the price goes down for correction.

everyone is still confidence that the price of bitcoin has still too much potential con continue its journey upwards. therefore they are not ready to sell bitcoin, the bitcoin will take correction but after people start selling it and still they are not ready to sell their bitcoin.

Clinton_Stuarta

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Supply & Demand controls the price. If the big greedy pump and dump miners actually scale back on dumping it the price will rise.

Supercrypt

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Quote from: lionheart78 on December 28, 2016, 12:22:24 AM

Quote from: JeffBrad12 on December 27, 2016, 11:48:25 PM

Too difficult for predicting when the price will get his maximum increase. Yesterday when the bitcoin was shooting on $915 and just take a short time for the price go back to the below $890. We just are able for predict it, although sell at $910 and we just hope it will go back below that.

Yeah, especially if we are not the whales. We know that the price will go up but we don't know what is the peak before it start to decline. Charts and news never helps in predicting the exact rise or stop of Bitcoin price before it starts the correction phase. They only give us hint of the next price movement.

I think that it is very clear that the future of bitcoin is very clear therefore to me I think long term investment will be a good decision, as no one know that when the price of bitcoin is going to take correction. In long term investment you will never feel the fear if the price goes down for correction.

Gameroid

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Quote from: Sled on December 28, 2016, 09:45:32 AM

Quote from: lionheart78 on December 28, 2016, 12:22:24 AM

Quote from: JeffBrad12 on December 27, 2016, 11:48:25 PM

Too difficult for predicting when the price will get his maximum increase. Yesterday when the bitcoin was shooting on $915 and just take a short time for the price go back to the below $890. We just are able for predict it, although sell at $910 and we just hope it will go back below that.

Yeah, especially if we are not the whales. We know that the price will go up but we don't know what is the peak before it start to decline. Charts and news never helps in predicting the exact rise or stop of Bitcoin price before it starts the correction phase. They only give us hint of the next price movement.

Agree.. Not all the times the news help us to predict the exact increase or decrease of the price of bitcoin but i think that getting informations in news like good progress or development is enough for us to set a target price and stick to that so we can maintain getting profits and not being greedy.

yes it is a good decision to get some good information about bitcoin so as to decide either it is good time to invest your money or to sell it, i think you can get get these information from bitcointalk or from social media also.

Sled

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Quote from: lionheart78 on December 28, 2016, 12:22:24 AM

Quote from: JeffBrad12 on December 27, 2016, 11:48:25 PM

Too difficult for predicting when the price will get his maximum increase. Yesterday when the bitcoin was shooting on $915 and just take a short time for the price go back to the below $890. We just are able for predict it, although sell at $910 and we just hope it will go back below that.

Yeah, especially if we are not the whales. We know that the price will go up but we don't know what is the peak before it start to decline. Charts and news never helps in predicting the exact rise or stop of Bitcoin price before it starts the correction phase. They only give us hint of the next price movement.

Agree.. Not all the times the news help us to predict the exact increase or decrease of the price of bitcoin but i think that getting informations in news like good progress or development is enough for us to set a target price and stick to that so we can maintain getting profits and not being greedy.

lionheart78

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Quote from: JeffBrad12 on December 27, 2016, 11:48:25 PM

Too difficult for predicting when the price will get his maximum increase. Yesterday when the bitcoin was shooting on $915 and just take a short time for the price go back to the below $890. We just are able for predict it, although sell at $910 and we just hope it will go back below that.

Yeah, especially if we are not the whales. We know that the price will go up but we don't know what is the peak before it start to decline. Charts and news never helps in predicting the exact rise or stop of Bitcoin price before it starts the correction phase. They only give us hint of the next price movement.

JeffBrad12

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Quote from: pooya87 on December 27, 2016, 11:25:56 PM

Quote from: cryp24x on December 27, 2016, 08:02:50 PM

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 think it will be better to sell Bitcoin when it shoots up and wait for the dip to buy them again. Reading and watching trades I learn one thing. In order for us to maximize our profit, let us ride with the whale. Going against them will just give us losses.

during the rise or shoot up, you should only wait and hold your bitcoin because selling at any point during the rise on the way up can potentially lead to losing lots of money. for example if you sold on $910 that would have meant losing $42 per coin.

that is why if you want to sell you should wait for the top and sell there and then buy immediately after seeing any kind of drop.

Too difficult for predicting when the price will get his maximum increase. Yesterday when the bitcoin was shooting on $915 and just take a short time for the price go back to the below $890. We just are able for predict it, although sell at $910 and we just hope it will go back below that.

pooya87

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Quote from: cryp24x on December 27, 2016, 08:02:50 PM

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 think it will be better to sell Bitcoin when it shoots up and wait for the dip to buy them again. Reading and watching trades I learn one thing. In order for us to maximize our profit, let us ride with the whale. Going against them will just give us losses.

during the rise or shoot up, you should only wait and hold your bitcoin because selling at any point during the rise on the way up can potentially lead to losing lots of money. for example if you sold on $910 that would have meant losing $42 per coin.

that is why if you want to sell you should wait for the top and sell there and then buy immediately after seeing any kind of drop.

cryp24x

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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 think it will be better to sell Bitcoin when it shoots up and wait for the dip to buy them again. Reading and watching trades I learn one thing. In order for us to maximize our profit, let us ride with the whale. Going against them will just give us losses.

machinek20

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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

boyshx

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If a decline was much obvious I would sell and expect to buy back when it's lower. But how can you know? What if its just a bear trap?

Taki

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In every place I'm just holding my bitcoins. As in the case of bitcoin's shooting up - just holding it, as in the case of bitcoin's shooting down - just holding it and thinking to buy some, but I never buy, always haven't free money in that moment to spend it for buying bitcoin.

rickadone

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Quote from: juras54 on December 25, 2016, 07:02:18 PM

I do not trade, buy once Bitcoin and just waiting for a very high price to sell

Quite simple and nice but do you sell the bitcoins when they reach a value like 900$ or so ?
I never sell at these moments rather I prefer to sell bitcoins when the price starts dropping from the maximum value because usually the price either goes up and up or goes down and down only.

DApptothefuture

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Try using trailing orders to protect yourself against trend reversals if a position is open or use it to enter into a position on a trend reversal if you do not have an open position.

susila_bai

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I use to do trading most of the time and i had sold some bitcoins when it went above $910 and when it went down i buyed back at $890 but most of my holded bitcoins are used for sports betting and poker betting

2double0

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I just sell my bitcoins when the price of it shoots up, but not in the hope of buying it back again as I don't buy bitcoins but either use them or sell them for high prices and use the fiat for some expenses to be covered. Holding them is not a good option IMO, I think one should take the risk and trade them as many chances show up when there is just a pump-dump show, so they can make something out of it.

el kaka22

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Quote from: iqlimasyadiqa on December 21, 2016, 05:41:01 PM

I'll do the holding bitcoin as long as possible. I know that the price of bitcoin will rise even higher.
do holding bitcoin need great patience, we are required to take the right decision and carefully.

Yeah and some people have a mentality that the maximum price is 1000$ and it would drop once it reaches that value, while its not truth at all.

Guys understand technically the bitcoins are limited in market and hence the price would just increase and increase only and the community is spreading plus a lot of coins are lost too, so the lesser the bitcoins are in the market and more the people, the higher would be the price of bitcoins.

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