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RE: What to do with bitcoin at this price? A safe strategy
For me, I don't really have a lot of BTC - the main source of my BTC comes from Steem (I don't trade SBD, though I'm wondering if it would be good to trade SBD). I'm probably going to hold them (0.001 BTC for fees is a lot!) until I reach a certain amount of BTC, then I will probably sell them and see what it's worth.
I think the strategy that you have proposed is good, though I am sure that some people will just wonder (as the price keeps going up) if they should just simply let the BTC stay put. But my challenge will then be, "What if the BTC drops?" For me, my BTC amount is simply too small to care, but if you are holding quite a bit, I think your strategy is quite safe.
Yeah, that's exactly my thinking - it went up so fast that there's more risk of it falling than ever. Better use the profits to by other, less risky investments. Diversification :)
Yes indeed - I personally think it has reached a point where it is so speculative it seems like a disincentive to both pump money into BTC (with the hope of a quick profit, though I think it is akin to gambling since it is so speculative) or withdraw from BTC.