But it is very difficult to know when the price is overvalued. Maybe when the price rises 5 times in two months, it is over valued.

Proudly hodling since $300.

Agree surely they will cry since bitcoins price for now reach at 600+$ mark for today and thats very good it means price will possibly climb to 1k$ for these days or even in july and these is really great for us bitcoin users cause we can earn big profit if this rally continue surely hodling for more days is very good since we can see price up for incoming days its very advisable for not to dump for these days so the rally will still continue.

Not really. That is pretty illogical.

If everyone is holding this would reduce the total coins that is in circulation, which would reduce the total coins that is available for sale. It's simple supply and demand from there. Bitcoin would go up if everyone holds.

yeah! even when things look impossible to achieve within a certain amount of time, bitcoin manages to surprise us each time by reaching prices where a lot people were thinking were impossible. that's why people holding their coins will benefit the most. it feels good to see the price increase and thus paying off my patience. fantastic!

Still here, and wealthier too.

Still hodling.

I am hodling strong, very strong. I have still not sold a single Satoshi!!

Hodling your coins is great of course but if you don't sell you will not make a penny profit.

I think as soon as the price starts reaching $700 levels I will consider cashing out 10% of my coins.

I decided to mentally put in no more fiat than I was prepared to walk away from.  I decided that if I hit 10x, I would get my fiat money back, and this would allow me to hodl through thick and thin.  I decided to sell about half if I hit about 100x.  Most importantly, I decided that like almost any investment, speculative and otherwise, it was a decades long play and was always prepared to sit on my hands for years (as well as to lose it all.)

I'm not suggesting anyone do any one thing in particular, but I will say that having a plan that I had put some thought into has made it much easier to navigate the fairly volatile environment.   And also more lucrative in my case.