So what should one do when the price is at a peak or so high as it is at the moment, $1250+ right now. Is it time to cash in?
It is quite obvious that this is not the right time to buy bitcoin so what should be the plan of action at these times?
In my opinion it is not the right time to cash in, but, if you really need fiat, then convert some of your bitcoins, not all of your bitcoins, because converting it all means you are willing to lose profits by converting it on the right time. I mean, it is better to hold your bitcoin and earn profits in the long run rather than earning profit in just one shot, because you could earn more when you are going to choose the long run than you could earn on converting your bitcoin in just one shot.