Now, i will not sell my bitcoins, even i have a good profit right now, if i sell my bitcoins now at this price $1236. But i will wait for a time, when bitcoin cross $1300 and will be reach at $1500. Because i want to see bitcoin at $1500. For me, it is huge price of bitcoin and i will wait for it.
it is funny because i remember people saying the same thing last year. they said "i will sell my bitcoins at $1000 because that is a huge profit and price can not last there, it will fall, blah blah." now we have the same situation, price has been staying above $1100 for the best part of last couple of months and that last year's $1000 target for people has also moved up! and it will move up when we reach $1500 and then $2000 and so on!
It is not funny. Right, People said that when bitcoin would be reached at $1000, than they will sell their bitcoins. Also, mostly people done it, people sold their bitcoins, and i am also one of them.
But now continuously bitcoin is going to up and its mean we could make earning from bitcoin.
So what is wrong in it? If people think that to make more money from bitcoin.
People who bought their coins at cheaper rate in the past would have sold when price crossed $1k to grab the profits and there is nothing wrong in selling at that price as it was giving them good profits and the main intention of every investor is to make profits so if he is satisfied he can sell his coins straightway.