Re: What do you do when BTC shoots up?

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)?

It is depend on what strategy is you do. If you prefer like to do short term investment so just sell it. If you prefer like to do long term investment so just wait until it reach your target. I think the best strategy to invest in bitcoin is by Dollar Cost Averaging so we can get more amount of bitcoin than only buy bitcoin in one time then wait. I prefer like to sell because I need to fulfil my daily need.

but think those people who have bought bitcoin below 600 USD i think it also still good time for them to secure a good profit. but still i can say that it is good time to hold bitcoin. because still the price of bitcoin is going to increase.

I agree. They should have short it when Bitcoin reaches $1100 and rebuy at sub $900, if time does not come that bitcoin hit their buy sell at least they have taken profit from the trade. And they can buy anytime whe bitcoin hit below $1000. They should have profited if they do that since price goes up and down within the range of $880 to $970, best way to buy back the shorted bitcoin and bring home the profit.