I was toying with emptying a crappy paying savings account and buying a handful coins a few months ago with the intention of offloading them after a short term rise without touching my original amount.
Now it's here, and this rise would've done me fine but of course I failed to get around to it, I'm wondering what everyone else's strategies are.
Do people have set price levels that they'll divest some or all either up or down from here, hold all of them until the concept of selling them becomes ludicrous or somewhere in the middle?
I see quite a few posts where people are waiting to offload the lot for what seem like very low amounts considering the future potential. Have your plans changed the more time you've spent learning about it? Have they become shorter or longer term?
As for myself, if it really does rise like a total bastard I'm not sure I'd be able to bring myself to sell at set limits. The initial outlay has already been written off in my mind but I know it's the sensible option just in case.
I'm interested to hear everyone's thoughts.
Now it's here, and this rise would've done me fine but of course I failed to get around to it, I'm wondering what everyone else's strategies are.
Do people have set price levels that they'll divest some or all either up or down from here, hold all of them until the concept of selling them becomes ludicrous or somewhere in the middle?
I see quite a few posts where people are waiting to offload the lot for what seem like very low amounts considering the future potential. Have your plans changed the more time you've spent learning about it? Have they become shorter or longer term?
As for myself, if it really does rise like a total bastard I'm not sure I'd be able to bring myself to sell at set limits. The initial outlay has already been written off in my mind but I know it's the sensible option just in case.
I'm interested to hear everyone's thoughts.
First and foremost when you are dealing with bitcoin trading pertaining to buy and sell you must have a target. You must target when to sell your bitcoins on what price on what increase. Do not target high target since that is risky to be safe small targets of btc increase is safe enough. But given the situation of btc today i suggest that you should hoard your bitcoins, the limited supply of bitcoins would mean another increase on btc monetary value.
When I remember how much I sold BTC at a price $ 4 ..... now I prefer to keep them.
but other than that i will wait until the price is much higher than this. and meanwhile i always spend bitcoin any place i can no matter what the price is.