I sold my bitcoin today. I think the price jumped too much too fast. My opinion is that it will drop below 5,000 soon and in that case I will buy back again because i expect bitcoin to increase significantly in the long term.
What do you think??
Edit: If you are wondering at what price, i sold at $5720. I bought Litecoin with ithat money.
What are the reasons on why you thought that bitcoin's price would decrease? Sure, there are many external factors to consider when speculating its price every month but it has to be backed-up by reasons behind your decision to sell them. Regardless, as long as you made profit out of your investment whether for short or long-term, it does not matter. Unfortunately, if you kept your bitcoins today you could have sold them for around $6000 each, adding that extra $300 to your profit but who knows that its price would reach that mark.