I will sell all my bitcoin if the price will reach 1,500$ that is my target price and after that i will just save my money and wait for the next dump to grab great buy opportunity and i will sell it for another high price. Simple money making strategy
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Rather than that, try to do trading with a small amount. Just make a target and sell some of your Bitcoins and when the price drops below that, buy some more with the profit.
but i do not think that currently it will be a good decision to sell bitcoin. because the price of bitcoin is continuously increasing and i do not think that one can find an opportunity to buy bitcoin in the present price again. therefore to me i think it will be a good decision to hold bitcoin and not sell it right now.
The current upward trend of bitcoin suggests that price will go even higher in coming months so its better to hold our coins for next couple of months and sell when price reaches to higher level and I will sell my coins only when it touches $1500 level and not before that.
I bought when the price of bitcoin was $500 so I don't think there is anything wrong in selling at this point as its giving me double profits so selling decision will depend on your entry price and if you have bought at lower price in the past then there is nothing wrong in selling some of them at this stage.
People who bought bitcoin at a lower price like you is so few compared to us who discovered bitcoin just a few months or maybe
a year. Yes there is nothing wrong because the price today is considered high but those guys just set a threshold of $1500 which
is not really impossible so obviously they are going to follow that. For me it is still better to trade a portion of your coins
everytime there is a price increase.
Selling bitcoin on to this current price point would be really good specially to those who bought to those times when bitcoin dropped to $740+ price which would really give them 25-30% gain if they would sell off but for me i would still decide to hold any longer.
Yeah, This a indeed a good time but it would not be wise to sell all of your bitcoins, Just sell a portion of it because it might increase again. This is the pattern that I use, If the price increased a noticeable amount, Sell a portion of it and if it increase again, Sell another portion. This method is a great way to reduce risk of losing huge amounts.