Quote from: btvGainer on January 19, 2017, 11:52:25 PM

Quote from: aaseb on July 08, 2016, 12:39:09 AM

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)?

I prefer to sell when price is high and buy back when price fall after correction.
But sometimes I sell early and price goes up more but that is the part of bitcoin trading.One can never predict precisely how far price would go

yes that is part of trading. no one can be so much perfect in trading, for example in previous days when the price raised to 1150 USD, i still hold by bitcoin and was not ready to sell, although my friend request me to sell it as he already sold his own bitcoin at 1100 USD level. but i continued to hold because it was expected that the price of bitcoin will cross all time high price this time. but now the price is trading below 900 USD and i am still holding my bitcoin because i am still sure that the price of bitcoin will again raise again.