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?
as you can see price already reached $1270+ today and there is no indication of this trend stopping for the time being.
you can't be sure, but right now i would wait to sell and wait for a while to see where the top is and then sell there to buy back in case of a price drop or buy back in case of i miscalculated and price continued going up, since i wouldn't want to miss out on anything just because i sold!
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?
how is that obvious?!!