Bitcoin price is soaring. Its price trajectory is extremely steep. I fear that the Bitcoin price bubbles is reaching its point of yield. What is mean is, that such steep ascents in anything are rarely sustainable. I am going to sell my coins fairly soon. What do you all think?
Are you in dire need of your money then sell it, I don't see this as a bubble rather a bull run, I would say hold for the long term and reap the benefits otherwise you shall regret it. As you might know, Japan has accepted Bitcoins and now if some big Country accepts it then it will just soar up like anything. Then I do understand that it will be a risk to hold on to your coins but no risk no gain. Give it a deep thought before you make any kind of decision.
I understand what you mean. At the moment, no, I am not in dire need of money. But let me ask you this question, have you ever seen anything that has had its price go up exponentially without a major setback? Perhaps Bitcoin can overcome this setback, but I want to be prepared for anything. I think I will sell half of my Bitcoin and hold the rest.