Now that bitcoin has reached $1000 it will be a good idea for people to hold on to their btc to maintain the price
or we can just buy more btc to push price even higher
holding bitcoin even at this stage is a good idea. i did not sold my bitcoin when the price cross 1150 in previous day and still not going to sell my bitcoin even if the price of bitcoin will cross 1200 USD level. because i am still pretty confident that this time the price of bitcoin is going to cross every 1600 use level very soon, so i am not going to sell my bitcoin in next moth or two.
Yea you are right. Many people buy end never sell again until they need money. This is a good strategy and very easy way to earn more dollars. But you can also to try to trade a little bit. You can sell, wait for a while and buy at lower price. This is not always easy but you can increase your profit.