Best way to sell in 2021 — to buy more on the bear

Silberman

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Quote from: fullhdpixel on February 08, 2021, 11:01:02 AM

Quote from: Yamifoud on February 07, 2021, 11:36:03 PM

Actually, you sell your Bitcoin now but talking about buying back at $15-16k, you will gonna wait for that long as I can imagine.
Tried to see the market chart, there is no such a huge possibility that we drop into that price after this. Might chances that it drops at $30k which is still a good price to buy, we are heading to $50k and a chance as well to double your money.
I just giving you some insights, yet can be wrong or right but of course, you need to think about it because of making decisions. I'll be giving you some time to think about it.

There are many people who sell to wait for a big crash and buy later on, not that they are wrong or right but that is just a strategy. The only time they could ever be wrong is if the price never goes below that price, if someone sold at 20k that was smart in 2017, but if they waited for price to be 2k before they buy, they would have to wait a lot, it never became 2k again and that would mean they would never buy again and that is bad, you should put a realistic target.

It means as long as bitcoin price reaches 15k just once, that means they are fine, there is no problem with that and that is a good strategy, even if it goes up before that happens, as long as it drops and you can buy it is a good strategy. Of course it is not going to be that easy, we may never see 15k and in that case people who sold here and waited too long may end up with not a good profit in the long run.

Which is precisely why you need to have a reentry strategy, sometimes we're going to make mistakes because it is impossible to predict what the market is going to do all the time, and there is nothing wrong with that, but we must have a plan about what to do when we make a wrong prediction, many people let the price to get too far away from them and then they never get back in the market and they let so many profits over the table that they become bitter about it and you do not want to be the person that happens to go through that.

sana54210

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Quote from: bitgov on February 08, 2021, 11:08:00 PM

Throughout my post, I have tried to write only in the form of advice. I don't know where I crossed this line, but if it did, I apologize. Of course I have respect that everyone should decide for themselves - especially when it comes to money, because unfortunately it is finances that are the main goal of scammers. So we should be very carefull even witth advices.

I hope that someone liked my words (especially the person who created this thread) and decided to not selling.

I still stand by my opinion and believe that this train is not going to stop for a long time. Make yourself comfortable in your chairs and watch the green chart

Don't worry mate, this is the speculation part of the bitcointalk, you should do whatever speculation you want, say it will go up, say it will go down, say it will be 100 dollars per bitcoin, say bitcoin will be 1 biliion dollars, nobody can say you are right or wrong, or in fact they can say that you are right or wrong but more true part is nobody can stop you or tell you that you should stop neither, you can go on saying whatever you want without getting shut up.

Speculation is literally giving advice about what to do and that is what we are doing. I think bitcoin is going to 100k+ and I say this loudly and clearly and I believe it is true, if I am wrong then I am wrong and that is fine as well, I do not care. If you just keep forgetting that you are in crypto speculation, you are going to act like you should not speak up and that is not something nice, you should never stop talking because others warned you.

bitgov

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Quote from: lepbagong on February 07, 2021, 04:37:22 AM

Quote from: bitgov on February 03, 2021, 06:47:32 AM

Everyone has the right to decide what to do with their money and how to invest it, but the thought of selling now is a bit strange - at least to me. In my opinion the market looks very bullish and I don't expect it to drop below $30k in the near future. On the contrary, in my opinion, in the next few days I expect a new ATH and further increases. I wish your plan would be successful, but in my opinion the train is just leaving and it is not travel down the chart..

things that must be appreciated from you, we all will certainly have our own perceptions in taking the next step, we only need to give advice that we may know, but now it all depends on them whether they want to save or sell. because of course we cannot know someone's needs with the naked eye, maybe he is more concerned with those needs, so he decides to sell them not the other way around.

even though we know, like you said, that the journey is still far away and is starting to undergo and it is certain that there will be a sharper increase and will form renewable ATH. once again let people decide for themselves and we can only give advice because we will not be able to guess their hearts.

Throughout my post, I have tried to write only in the form of advice. I don't know where I crossed this line, but if it did, I apologize. Of course I have respect that everyone should decide for themselves - especially when it comes to money, because unfortunately it is finances that are the main goal of scammers. So we should be very carefull even witth advices.

I hope that someone liked my words (especially the person who created this thread) and decided to not selling.

I still stand by my opinion and believe that this train is not going to stop for a long time. Make yourself comfortable in your chairs and watch the green chart

STT

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What if all the bears are in hibernation and we got no BTC to grab, explains the rapid change in price no doubt. Bit of a BTC surge here because of that effect, I dont see it has to be all bought today when we got a long road ahead anyhow but market doesn't stay rational like that and we'll swing either side while market tries to balance sellers and buyers once again.

Fast basic trend, see how it goes if it trade below this line. Above 12hr and 2 day average easily at this point, initial price on news was wavering about the 2 day which is bullish momentum anyway

MCobian

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In my opinion, seeing the extraordinary performance of Bitcoin this year, I suggest not selling our Bitcoin first. Because I still believe in my target
that Bitcoin this year could hit a price of $ 100k, so Bitcoin holding is the thing to do right now. And if the opening post wants to buy more Bitcoin
at $ 15k- $ 16k, like its impossible this year. Because the fundamentals of Bitcoin this year are very strong, even when there was a correction
a few weeks ago, Bitcoin doesn't drop below $ 29k.

Cherylstar86

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Quote from: arufox on February 08, 2021, 12:41:30 PM

Quote from: lichig on January 19, 2021, 03:19:46 PM

Hello there,

I'm considering cashing some BTC to fiat to buy more BTC after the bull (I'm targeting to buy again at USD 15~16k).
What it is the best way in your opinion to cash Bitcoins in 2021?

Thank you!

Do you believe that the price can dump until 15-16K? I think bitcoin is strong now, and after a big correction like in 2017, I think 15K is too dip and hard going into this price. I don't have good experience to analyze the price, so I will buy gradually after a big correction

I am looking forward to see bigger corrections sooner, but the situation of the btc market hasn't saturated. Upcoming pumps is possible to happen, as I've seen the trend lately. Many speculations came now and as they said resistance has been broken which could cause rapid increase and people might ride in this another waves as well.

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Quote from: fullhdpixel on February 08, 2021, 11:01:02 AM

There are many people who sell to wait for a big crash and buy later on, not that they are wrong or right but that is just a strategy. The only time they could ever be wrong is if the price never goes below that price, if someone sold at 20k that was smart in 2017, but if they waited for price to be 2k before they buy, they would have to wait a lot, it never became 2k again and that would mean they would never buy again and that is bad, you should put a realistic target.

It means as long as bitcoin price reaches 15k just once, that means they are fine, there is no problem with that and that is a good strategy, even if it goes up before that happens, as long as it drops and you can buy it is a good strategy. Of course it is not going to be that easy, we may never see 15k and in that case people who sold here and waited too long may end up with not a good profit in the long run.

Calculating "theoretical" profit is not the best thing to do. If the investor came out much earlier than the peak but still made a good profit, this should be called a good deal. Plus sometimes the risk isn't worth the extra profit. Imagine that the investment was made at a price level of $ 1,000. After that, bitcoin grew to 10 thousand. An investor who exits bitcoin at this level will receive his profit of 1000 percent on a move of $ 9000. Now, the subsequent movement of $ 9,000 will actually only double his deposit, but the risk of a fall remains and the investor may lose the 1,000 percent profit already earned. So it's better to get out here.

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Quote from: lichig on January 19, 2021, 03:19:46 PM

Hello there,

I'm considering cashing some BTC to fiat to buy more BTC after the bull (I'm targeting to buy again at USD 15~16k).
What it is the best way in your opinion to cash Bitcoins in 2021?

Thank you!

Do you believe that the price can dump until 15-16K? I think bitcoin is strong now, and after a big correction like in 2017, I think 15K is too dip and hard going into this price. I don't have good experience to analyze the price, so I will buy gradually after a big correction

fullhdpixel

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Quote from: Yamifoud on February 07, 2021, 11:36:03 PM

Actually, you sell your Bitcoin now but talking about buying back at $15-16k, you will gonna wait for that long as I can imagine.
Tried to see the market chart, there is no such a huge possibility that we drop into that price after this. Might chances that it drops at $30k which is still a good price to buy, we are heading to $50k and a chance as well to double your money.
I just giving you some insights, yet can be wrong or right but of course, you need to think about it because of making decisions. I'll be giving you some time to think about it.

There are many people who sell to wait for a big crash and buy later on, not that they are wrong or right but that is just a strategy. The only time they could ever be wrong is if the price never goes below that price, if someone sold at 20k that was smart in 2017, but if they waited for price to be 2k before they buy, they would have to wait a lot, it never became 2k again and that would mean they would never buy again and that is bad, you should put a realistic target.

It means as long as bitcoin price reaches 15k just once, that means they are fine, there is no problem with that and that is a good strategy, even if it goes up before that happens, as long as it drops and you can buy it is a good strategy. Of course it is not going to be that easy, we may never see 15k and in that case people who sold here and waited too long may end up with not a good profit in the long run.

Yamifoud

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Quote from: lichig on January 19, 2021, 03:19:46 PM

Hello there,

I'm considering cashing some BTC to fiat to buy more BTC after the bull (I'm targeting to buy again at USD 15~16k).
What it is the best way in your opinion to cash Bitcoins in 2021?

Thank you!

Actually, you sell your Bitcoin now but talking about buying back at $15-16k, you will gonna wait for that long as I can imagine.
Tried to see the market chart, there is no such a huge possibility that we drop into that price after this. Might chances that it drops at $30k which is still a good price to buy, we are heading to $50k and a chance as well to double your money.
I just giving you some insights, yet can be wrong or right but of course, you need to think about it because of making decisions. I'll be giving you some time to think about it.

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Quote from: lepbagong on February 07, 2021, 04:37:22 AM

things that must be appreciated from you, we all will certainly have our own perceptions in taking the next step, we only need to give advice that we may know, but now it all depends on them whether they want to save or sell. because of course we cannot know someone's needs with the naked eye, maybe he is more concerned with those needs, so he decides to sell them not the other way around.

even though we know, like you said, that the journey is still far away and is starting to undergo and it is certain that there will be a sharper increase and will form renewable ATH. once again let people decide for themselves and we can only give advice because we will not be able to guess their hearts.

The fact is that, nobody ever needs money and never has money ever again. Even the poorest people in the world have a long stretch of being poor, and a few stretch of having a bit of money, I have seen homeless people with decent life before or after they become homeless, sometimes they had a good life but drugs and other stuff ruined their life and they became homeless, sometimes they were homeless but got their situation together and survived, so basically even those in horrible situations could end up with just a bit of money.

What I am trying to say is that, if you ever need the money, or you want to cash out, you can do so, but it doesn't mean that you will never have any income until you die, if you do end up with zero income until you die that is a whole problem that bitcoin can't solve, but if you cash out and still have a bit of income, you can try to put it back in and have some more bitcoin in the long term even after you cash out.

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Quote from: bitgov on February 03, 2021, 06:47:32 AM

Everyone has the right to decide what to do with their money and how to invest it, but the thought of selling now is a bit strange - at least to me. In my opinion the market looks very bullish and I don't expect it to drop below $30k in the near future. On the contrary, in my opinion, in the next few days I expect a new ATH and further increases. I wish your plan would be successful, but in my opinion the train is just leaving and it is not travel down the chart..

things that must be appreciated from you, we all will certainly have our own perceptions in taking the next step, we only need to give advice that we may know, but now it all depends on them whether they want to save or sell. because of course we cannot know someone's needs with the naked eye, maybe he is more concerned with those needs, so he decides to sell them not the other way around.

even though we know, like you said, that the journey is still far away and is starting to undergo and it is certain that there will be a sharper increase and will form renewable ATH. once again let people decide for themselves and we can only give advice because we will not be able to guess their hearts.

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Quote from: pixie85 on January 29, 2021, 05:07:05 PM

Is there even a bear market? It looks so much different than all the previous bearish turns like the price wants to pump up but the price is just too high for people to be able to effectively stack up.

I'll remind you all about a huge negative pressure from the miners that grows along with the price. They are mining the same amount of coins every week but people had to get much less fiat to keep buying these new coins when we were sub 20 thousand. Now at 35 it's a difficult job that requires almost 2 times more fiat every month.

of course OP is going to wait forever for his 16 thousand. We are not going back there even when we crash from the real bull market peak of 100 thousand or something like that. We'll still stop at 20. You can keep waiting and hoping just like those who waited for 1000 in the last bear market.

Bitcoin is slowly but surely climbing back and now it has reached a price of 36k, if that is a bear market then we should be incredibly happy as the growth that is coming will be huge, but being serious about it this was just a much needed correction, if bitcoin had kept growing at the rate that we were seeing then an actual crash would have come sooner than what we would have liked, so the correction was exactly what we needed since it gave everyone some breathing room and now it seems we are ready for another round of impressive growth happening during the next weeks and months.

bitgov

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Quote from: lichig on February 03, 2021, 06:29:13 AM

Quote from: vintages on February 03, 2021, 05:40:01 AM

What makes you think the price will drop so low to 15k or 16k?

Surely, there will be a price reduction before the bigger pump but the price you are hoping for is way kinda unrealistic. The price of 20k-25k is probably fair enough. And to cash out as you aim for, be ready to leave your coin till the end of 2021 or even longer than that.

Yes, after sleeping on this for a few days and viewing how the market is moving I conclude that the 16k price was unrealistic.
I'm targeting now to somewhere in the mid-20K USD.

Everyone has the right to decide what to do with their money and how to invest it, but the thought of selling now is a bit strange - at least to me. In my opinion the market looks very bullish and I don't expect it to drop below $30k in the near future. On the contrary, in my opinion, in the next few days I expect a new ATH and further increases. I wish your plan would be successful, but in my opinion the train is just leaving and it is not travel down the chart..

lichig

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Quote from: vintages on February 03, 2021, 05:40:01 AM

What makes you think the price will drop so low to 15k or 16k?

Surely, there will be a price reduction before the bigger pump but the price you are hoping for is way kinda unrealistic. The price of 20k-25k is probably fair enough. And to cash out as you aim for, be ready to leave your coin till the end of 2021 or even longer than that.

Yes, after sleeping on this for a few days and viewing how the market is moving I conclude that the 16k price was unrealistic.
I'm targeting now to somewhere in the mid-20K USD.

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Quote from: lichig on January 19, 2021, 03:19:46 PM

Hello there,

I'm considering cashing some BTC to fiat to buy more BTC after the bull (I'm targeting to buy again at USD 15~16k).
What it is the best way in your opinion to cash Bitcoins in 2021?

Thank you!

What makes you think the price will drop so low to 15k or 16k?

Surely, there will be a price reduction before the bigger pump but the price you are hoping for is way kinda unrealistic. The price of 20k-25k is probably fair enough. And to cash out as you aim for, be ready to leave your coin till the end of 2021 or even longer than that.

lichig

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Quote from: magneto on February 01, 2021, 05:37:20 PM

The fact of the matter is that the sentiment right now is very bullish, with much improved fundamentals from an institutional and retail perspective. And with all the excess liquidity sloshing around the system, it'll be inevitable that mass FOMO on the retail front will break out soon, supported by strong institutional demand.

Selling now with the mindset of buying back later is dangerous in that you're very likely going to be falling into the trap of selling high and buying even higher. Sure, selling now could work, but make sure you DCA your buys afterwards and don't try to time the market.

Yes, I'm seeing the exact same thing.
Great answer @magneto, Thanks!

magneto

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Quote from: lichig on January 19, 2021, 03:19:46 PM

Hello there,

I'm considering cashing some BTC to fiat to buy more BTC after the bull (I'm targeting to buy again at USD 15~16k).
What it is the best way in your opinion to cash Bitcoins in 2021?

Thank you!

I'd suggest just holding it out for now, if you are not trading with leverage/borrowed money.

The fact of the matter is that the sentiment right now is very bullish, with much improved fundamentals from an institutional and retail perspective. And with all the excess liquidity sloshing around the system, it'll be inevitable that mass FOMO on the retail front will break out soon, supported by strong institutional demand.

Selling now with the mindset of buying back later is dangerous in that you're very likely going to be falling into the trap of selling high and buying even higher. Sure, selling now could work, but make sure you DCA your buys afterwards and don't try to time the market.

pixie85

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Is there even a bear market? It looks so much different than all the previous bearish turns like the price wants to pump up but the price is just too high for people to be able to effectively stack up.

I'll remind you all about a huge negative pressure from the miners that grows along with the price. They are mining the same amount of coins every week but people had to get much less fiat to keep buying these new coins when we were sub 20 thousand. Now at 35 it's a difficult job that requires almost 2 times more fiat every month.

of course OP is going to wait forever for his 16 thousand. We are not going back there even when we crash from the real bull market peak of 100 thousand or something like that. We'll still stop at 20. You can keep waiting and hoping just like those who waited for 1000 in the last bear market.

KTChampions

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Quote from: error08 on January 27, 2021, 01:49:15 PM

Agree, only if a massive unpredictable event occur that affect the bitcoin market may cause a crash over 50% drop but in a normal circumstance, it's improbable to be the reality considering market condition these days; strong support, high demand, institutional investors, and big companies accumulating bitcoin, the trends still in the bull market.
Today's bottom unexpected drop to $29k, but it's a higher low, after the recent high, an opportunity to buy bitcoins before it taking off.

If I remember correctly, there was nothing like this in 2018 and the general situation was favorable for cryptocurrencies, but in the end, everything fell steadily and for a long time. Why can't this situation happen again? I am not saying that the fall will be deep, but the trend may change.

Silberman

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Quote from: tabas on January 25, 2021, 05:33:40 PM

Quote from: Silberman on January 25, 2021, 03:27:09 PM

Unfortunately most people never learn this lesson and what it is even worse the scenario that you are describing is in fact the best they can hope for, they realize their mistake and then get back in bitcoin even if it is at a more expensive price, but what we most commonly see is that those people become bitter because they took the wrong choice and then begin to say bad things about bitcoin and become opponents of the technology simply because their ego cannot accept the fact they made the wrong call.

We can't stop them from doing so. If they are comfortable selling at what the price is today, they just want to feel the profit that should go into their hands and wait until it further drops. Well, personally I don't do this strategy but it is prevalent to sell at the top and buy during the dip. My only concern is that the price he had mentioned was quite low if we're dealing with the current price.

It is true they can do whatever they can with their money but that attitude can be incredibly damaging, after all those people have the tendency to be incredibly vocal about their distaste of bitcoin and this means that retail investors that may like to get in the bitcoin market could be discouraged by those people as they keep speaking ill of bitcoin, and while it is true that if someone is discouraged by them they do not really know much about bitcoin or investing we cannot deny this is something that happens.

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Quote from: lichig on January 19, 2021, 03:19:46 PM

Hello there,

I'm considering cashing some BTC to fiat to buy more BTC after the bull (I'm targeting to buy again at USD 15~16k).
What it is the best way in your opinion to cash Bitcoins in 2021?

Thank you!

Hopefully that will happen, but you have to reset the price when bitcoin can't be able to reach $15.000. We don't know exactly what price that will be reached for bitcoin price, we just only know that the price will decrease and increase. But after all, I just thinking that bitcoin will never reach below $20.000.

There will be many people who will buy when bitcoin price touch arround $25.000 so as the price will back to $30.000 again. Also, I read some news and they stated that most bitcoin traders tend to having a prediction that bitcoin price still bullish especially for the long term. Also, some instutional still hold their bitcoin and even some of them have intention to buy back when its price low.

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Quote from: error08 on January 27, 2021, 01:49:15 PM

Agree, only if a massive unpredictable event occur that affect the bitcoin market may cause a crash over 50% drop but in a normal circumstance, it's improbable to be the reality considering market condition these days; strong support, high demand, institutional investors, and big companies accumulating bitcoin, the trends still in the bull market.
Today's bottom unexpected drop to $29k, but it's a higher low, after the recent high, an opportunity to buy bitcoins before it taking off.

We're not quite out of the woods just yet, though, I saw some frenzied selling around 31k and now we're back below 30k. Just whittling away at support, I doubt there's enough will for the bears to dump more -- or even enough supply to fill that gaping hole of demand -- but I wouldn't be surprised if we get a more serious test of sub 30k. It won't be for long but it'll definitely test just how strong the hands of new entrants are;)

error08

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Quote from: buwaytress on January 27, 2021, 10:30:29 AM

Quote from: semobo on January 27, 2021, 05:00:15 AM

If we take a look at the last cycle chart then bitcoin went from $20K to $3k in the long bearish run so anything is possible and we can't predict anything until it happens in the cryptocurrency. As for now it just swinging in the region and hope it will be just a correction and also there are some analysis says that it will drop to $27K.

Thought it already did a few days ago? I mean okay, $27,800 but that's semantics.

I think Bitcoin doing another 85% shedding of value isn't completely off the table (and I know I've said it before I'm expecting that every single cycle) but even if that happens, it's still a rock bottom of $6700 or thereabouts, and that'd take a massive Black Swan event, which would result in a very, very desirable bounce back to propel another rally.

That scenario's not coming anytime soon though. It's far from being done with a 2021 ATH.

Agree, only if a massive unpredictable event occur that affect the bitcoin market may cause a crash over 50% drop but in a normal circumstance, it's improbable to be the reality considering market condition these days; strong support, high demand, institutional investors, and big companies accumulating bitcoin, the trends still in the bull market.
Today's bottom unexpected drop to $29k, but it's a higher low, after the recent high, an opportunity to buy bitcoins before it taking off.

Febo

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Quote from: lichig on January 19, 2021, 03:19:46 PM

Hello there,

I'm considering cashing some BTC to fiat to buy more BTC after the bull (I'm targeting to buy again at USD 15~16k).
What it is the best way in your opinion to cash Bitcoins in 2021?

Thank you!

You might not be able to buy at that price but at much higher so be sure to not not sell much. But no matter when you need an exit plan. (SSS) - A Sane and Simple bitcoin Savings plan https://bitcointalksearch.org/topic/sss-a-sane-and-simple-bitcoin-savings-plan-345065 is very good sell strategy.

buwaytress

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Quote from: semobo on January 27, 2021, 05:00:15 AM

If we take a look at the last cycle chart then bitcoin went from $20K to $3k in the long bearish run so anything is possible and we can't predict anything until it happens in the cryptocurrency. As for now it just swinging in the region and hope it will be just a correction and also there are some analysis says that it will drop to $27K.

Thought it already did a few days ago? I mean okay, $27,800 but that's semantics.

I think Bitcoin doing another 85% shedding of value isn't completely off the table (and I know I've said it before I'm expecting that every single cycle) but even if that happens, it's still a rock bottom of $6700 or thereabouts, and that'd take a massive Black Swan event, which would result in a very, very desirable bounce back to propel another rally.

That scenario's not coming anytime soon though. It's far from being done with a 2021 ATH.

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Quote from: semobo on January 26, 2021, 02:00:58 PM

Still there is a strong resistance above the 30K price range so I don't think we have any chances for now to reach 16k region but if you believe that we already entered into bearish trend and you are in profits then make your decision with cashing out options.

I don't think advising a cash out at this time we be the best. The bear is part of the market but I don't a fall down to $16k at this time that mist economy are having plans for the new year and also tackling covid-19. US government now led by Biden has made more plans for stimulus package, this definitely will create more bitcoin investment. So hodling more for invested bitcoin can yield good profit in time to come.

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What kind of wallet you are using?
If you are planning to convert your BTC into USDT, then your wallet must be good enough to accept that currency and if you are really referring to fiat currency then ask someone who are willing to exchange your BTC into fiat money, or have a wallet where this kind of transactions is possible.

You have a great plan mate, you want to take profit now and wait for the bear market again, this will happen in time but its really hard to tell when so be sure that you have more patience to wait for the next bear market, it might not happen this year who knows.

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Quote from: error08 on January 26, 2021, 03:15:14 PM

Quote from: semobo on January 26, 2021, 02:00:58 PM

Still there is a strong resistance above the 30K price range so I don't think we have any chances for now to reach 16k region but if you believe that we already entered into bearish trend and you are in profits then make your decision with cashing out options.

Lot of ways available to convert BTC to fiat like Bitcoin ATM, trading platforms and P2P exchanges with different price range which maybe above or below the market price depends on which you choose.

Local exchange is a good option to cash out, easier to get fiat currency or trade it for stable coins.
However, it seems impossible for bitcoin to drop 50% from this level, yes $30k is a strong support level and bitcoin always maintain its position above this level, yet we're not entering the bear market, just a correction after the ath, a brief dip I would say, as the chart and technical analysis indicate that bitcoin will increase again in February, back to the top.

If we take a look at the last cycle chart then bitcoin went from $20K to $3k in the long bearish run so anything is possible and we can't predict anything until it happens in the cryptocurrency. As for now it just swinging in the region and hope it will be just a correction and also there are some analysis says that it will drop to $27K.

error08

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Quote from: semobo on January 26, 2021, 02:00:58 PM

Still there is a strong resistance above the 30K price range so I don't think we have any chances for now to reach 16k region but if you believe that we already entered into bearish trend and you are in profits then make your decision with cashing out options.

Lot of ways available to convert BTC to fiat like Bitcoin ATM, trading platforms and P2P exchanges with different price range which maybe above or below the market price depends on which you choose.

Local exchange is a good option to cash out, easier to get fiat currency or trade it for stable coins.
However, it seems impossible for bitcoin to drop 50% from this level, yes $30k is a strong support level and bitcoin always maintain its position above this level, yet we're not entering the bear market, just a correction after the ath, a brief dip I would say, as the chart and technical analysis indicate that bitcoin will increase again in February, back to the top.

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Still there is a strong resistance above the 30K price range so I don't think we have any chances for now to reach 16k region but if you believe that we already entered into bearish trend and you are in profits then make your decision with cashing out options.

Lot of ways available to convert BTC to fiat like Bitcoin ATM, trading platforms and P2P exchanges with different price range which maybe above or below the market price depends on which you choose.

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Quote from: ethereumhunter on January 21, 2021, 07:02:38 AM

Hold your bitcoin, and use the other money to buy bitcoin instead to sell your bitcoin at the current price because if you want to buy again at $15k-$16k, you need to wait for a long time which no one knows when that will happen. You need to think twice what if you sell your bitcoin, the price jump and back to $39k and still increase. But that will be up to you, we can only suggest you and give you many options, and the final decision will be yours.

Selling at profit is not even the best optimized situation neither, you should probably hold it even longer if you can, obviously it wouldn't be an easy choice but it would be a good one if you really want to. I personally want to see bitcoin at 100k if I can, before I sell and even after that I would probably hold it, I am going to hold it until 2 things happen (whichever happens first) either until I die which is the easy option, or either I have enough money that I can retire easily without doing anything else.

I will wait until either of these two things happen and not sell it if I can, obviously there could be horrible stuff in my life that could require me to cash out and spend on that like maybe I will have cancer and will need to spend and all that but looking at the situation right now I do not think that it would be a problem for me for now.

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Quote from: STT on January 25, 2021, 06:14:16 PM

Its a great strategy but also you presume to know when the market is fully bullish and saturated in that sentiment and will not grow further, thats a hard thing to judge. I dont disagree on the general idea, keep some powder dry for when you need it and its best to act with caution and be able to buy into any dips is good thinking.

I have similar Post crossed last week in which He was very Bitter on why he sold His Bitcoin at 28,000$ in December last year considering that was the ATH and He will wait for re entering as the Correction will happen In January this year.

but all he got is No chance because the price continues growing and seems not to falling His way sooner.

Quote

I do see a series of lower highs and would expect this to result in action with lower pricing but I also must keep checking perspectives not just my own view, hopefully I will be more accurate the more I can consider the question with a neutral bias. Of course I would like to buy into the lows of 2021 like everyone would, there is only so much capital to do so and Im forced to be more cautious then the market often.

Everyone of us wanted buying in the lowest price we can accumulate but the thing is we don't know where this coming and are we really ready when the time comes?

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Quote from: lichig on January 19, 2021, 03:19:46 PM

Hello there,

I'm considering cashing some BTC to fiat to buy more BTC after the bull (I'm targeting to buy again at USD 15~16k).
What it is the best way in your opinion to cash Bitcoins in 2021?

Thank you!

Good to see u collecting ur profit at the time. But i think bitcoin have strong support above 15k, so its hard to touch under 20k again. My suggestion is try to accumulate every dip(not to buy all at a point), so you wont regret if there's another unexpected bull coming. Hopefully whatever the strategy we use will leads us to profit.

STT

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Its a great strategy but also you presume to know when the market is fully bullish and saturated in that sentiment and will not grow further, thats a hard thing to judge. I dont disagree on the general idea, keep some powder dry for when you need it and its best to act with caution and be able to buy into any dips is good thinking.

I do see a series of lower highs and would expect this to result in action with lower pricing but I also must keep checking perspectives not just my own view, hopefully I will be more accurate the more I can consider the question with a neutral bias. Of course I would like to buy into the lows of 2021 like everyone would, there is only so much capital to do so and Im forced to be more cautious then the market often.

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Quote from: Silberman on January 25, 2021, 03:27:09 PM

Unfortunately most people never learn this lesson and what it is even worse the scenario that you are describing is in fact the best they can hope for, they realize their mistake and then get back in bitcoin even if it is at a more expensive price, but what we most commonly see is that those people become bitter because they took the wrong choice and then begin to say bad things about bitcoin and become opponents of the technology simply because their ego cannot accept the fact they made the wrong call.

We can't stop them from doing so. If they are comfortable selling at what the price is today, they just want to feel the profit that should go into their hands and wait until it further drops. Well, personally I don't do this strategy but it is prevalent to sell at the top and buy during the dip. My only concern is that the price he had mentioned was quite low if we're dealing with the current price.

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Quote from: lichig on January 19, 2021, 03:19:46 PM

Hello there,

I'm considering cashing some BTC to fiat to buy more BTC after the bull (I'm targeting to buy again at USD 15~16k).
What it is the best way in your opinion to cash Bitcoins in 2021?

Thank you!

If we leave aside the discussion of this very idea (it seems to me very risky), then I think the most convenient option is to enter stablecoins or dollars on the exchange. But you should take into account that there is a risk of scam of both stablecoins and exchanges. Do you need to bear these risks (is the potential profit from such an operation worth it)? Maybe the best option is to keep holding the asset if you believe in its long-term prospects.

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Quote from: lichig on January 19, 2021, 03:19:46 PM

Hello there,

I'm considering cashing some BTC to fiat to buy more BTC after the bull (I'm targeting to buy again at USD 15~16k).
What it is the best way in your opinion to cash Bitcoins in 2021?

Thank you!

You had a great mindset behind that expectations, because it's really a potential situation that would likely happening in the future. Last 2019 bearish market we've got $10k per btc that time, so after $30k outbreak this 2021 I guess you're predicted price upon downtrend would be a perfect time to buy once value starts to saturate.

My opinion is to cash your Bitcoin into divided portions, we might not notice there's another bounce before price will go down constantly. Dumping while trend is declining would be a good option, and buy during the dip to grab the best opportunity.

1l1l11ll1l

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Quote from: Wysi on January 25, 2021, 04:35:51 PM

It's a good idea but you should be prepared with a proper prediction and also you should be aware that it might take long time for Bitcoin to go back to $16k to $20k, and it might not happen as well. But sinde its highly volatile there are possibilities as well because we used to say Bitcoin will never go below $5k but it eventually did in 2019 and similarly it may not look like Bitcoin will go down anytime sooner but possibilities are always there. I would request you to think again whether you wanna cashout and then buy at dip or else do daily trading ?

I think so too, the current bitcoin market already has a fairly strong foundation with many large parties holding large amounts of bitcoin. I'm sure they don't want that the price will fall like in 2017/2018. it may take a long time or even 2022 we can only see the next market cycle, although everything still feels vague

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It's a good idea but you should be prepared with a proper prediction and also you should be aware that it might take long time for Bitcoin to go back to $16k to $20k, and it might not happen as well. But sinde its highly volatile there are possibilities as well because we used to say Bitcoin will never go below $5k but it eventually did in 2019 and similarly it may not look like Bitcoin will go down anytime sooner but possibilities are always there. I would request you to think again whether you wanna cashout and then buy at dip or else do daily trading ?

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Quote from: Silberman on January 25, 2021, 03:27:09 PM

Quote from: BrewMaster on January 20, 2021, 01:08:29 PM

you should check some of the topics in 2019 and 2020 from people who were making similar plans as you deciding to sell their bitcoins in $3k to $5k range then wait for the price to drop to $1k to $2k to buy back.
it is wishful thinking that will never happen. whenever bitcoin rises above certain levels those prices are gone forever. just as we will never see $1k we also will never see $15k either.
you've already lost a lot of good opportunities and are going to lose some more before you panic buy back in Wink

Unfortunately most people never learn this lesson and what it is even worse the scenario that you are describing is in fact the best they can hope for, they realize their mistake and then get back in bitcoin even if it is at a more expensive price, but what we most commonly see is that those people become bitter because they took the wrong choice and then begin to say bad things about bitcoin and become opponents of the technology simply because their ego cannot accept the fact they made the wrong call.

Just let them bet because sooner or later they would surely changed up their minds or would took back those negative words that had spit out.They do able to say so because out of their frustration and stress.
even experienced traders or investors would really have some time on cursing up the market when they got lost big time but once you do have the experience you would really able to suppress that and would
just simply move on.If you had accepted that bitcoin is way too volatile in the first place then you wont really be shocked once you had experience it for yourself.
Trading mistakes are common because due to unpredictability of the market you will really be committing this one, no matter how pro you are but of course there would really be
differences compared when you are just still amateur.

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Quote from: BrewMaster on January 20, 2021, 01:08:29 PM

you should check some of the topics in 2019 and 2020 from people who were making similar plans as you deciding to sell their bitcoins in $3k to $5k range then wait for the price to drop to $1k to $2k to buy back.
it is wishful thinking that will never happen. whenever bitcoin rises above certain levels those prices are gone forever. just as we will never see $1k we also will never see $15k either.
you've already lost a lot of good opportunities and are going to lose some more before you panic buy back in Wink

Unfortunately most people never learn this lesson and what it is even worse the scenario that you are describing is in fact the best they can hope for, they realize their mistake and then get back in bitcoin even if it is at a more expensive price, but what we most commonly see is that those people become bitter because they took the wrong choice and then begin to say bad things about bitcoin and become opponents of the technology simply because their ego cannot accept the fact they made the wrong call.

STT

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Its heading outside of a bearish break of a triangle so for the moment could be in a weak spot. The bullish trend went back a month so look at support levels in that area is reasonable to rebuy at. Maybe a pullback to 50 day area would be possible before continuing in a wider movement.

This recent low just now at 31284 is a monthly average, the medium term bullish picture in that area.

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Quote from: lichig on January 19, 2021, 03:19:46 PM

What it is the best way in your opinion to cash Bitcoins in 2021?
Thank you!

what cash you tryin to say . is it cash in or cash out ? if that is to cash out , the best way to cash out is when you are in profits but i dont know if what is the price of btc when you started , you better indicate that also in your post . while the best way to cash in is when the price of btc is low , you have your preference with this one and that is when btc drops 16 to 15k but i also dont think that btc will drop that low because btc is still at its highest right now . you might want to change your buying perspective

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Quote from: lichig on January 19, 2021, 03:19:46 PM

Hello there,

I'm considering cashing some BTC to fiat to buy more BTC after the bull (I'm targeting to buy again at USD 15~16k).
What it is the best way in your opinion to cash Bitcoins in 2021?

Thank you!

Hold your bitcoin, and use the other money to buy bitcoin instead to sell your bitcoin at the current price because if you want to buy again at $15k-$16k, you need to wait for a long time which no one knows when that will happen. You need to think twice what if you sell your bitcoin, the price jump and back to $39k and still increase. But that will be up to you, we can only suggest you and give you many options, and the final decision will be yours.

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Quote from: lichig on January 19, 2021, 03:19:46 PM

Hello there,

I'm considering cashing some BTC to fiat to buy more BTC after the bull (I'm targeting to buy again at USD 15~16k).
What it is the best way in your opinion to cash Bitcoins in 2021?

Thank you!

Good luck in your target buying price

.

I know that anything is possible in crypto but that price has a very low chance for Bitcoin to be touched again. If you will see the chart in a weekly time frame, the strongest support right now is at $18,000. Might be close to your target buying price but touching that price has a low chance.

Best way to cash Bitcoins? Make a support then buy when it reaches that prices. Still it will be your final decision and it will depend on your strategies

.

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Quote from: dothebeats on January 20, 2021, 06:00:10 AM

I kinda like the idea of buying anything sub-$30k at this point. With the recent price drop from $40k to $30k I thought it would continue to go down back to at least $25k, but boy I was wrong. I still bought @ $32k just to add something on my stash that I have emptied since the price hit $40k. There's no way of telling exactly what price would we be looking at in the coming weeks. Most signals that I have followed anticipated a drop until sub-$20k 2 weeks ago but even those experienced traders failed to read the signals carefully, or interpreted it in such a way that they overshot their predictions by more than a mile.

There are thousands of people who like the idea of buying over 30k as well, that is why it is having hard time dropping under 30k, it went down so many times yet every time it went up once again. The idea that price could fall and you could buy cheap gets away from you when the price actually goes low because many people suddenly start to think that maybe they were wrong and this will go lower and lower so they stay away while others know that cheap bitcoin is cheap bitcoin and there is no way it would go down forever and will eventually go up.

So, if you want to buy, do not hesitate to buy at any price, just make sure that you always have some money aside in order to buy more, do not get involved with all of your money and you will be capable of buying now, and if it goes up you profit, if it goes down more you have money to buy more from cheaper levels.

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Quote from: lichig on January 19, 2021, 03:19:46 PM

Hello there,

I'm considering cashing some BTC to fiat to buy more BTC after the bull (I'm targeting to buy again at USD 15~16k).
What it is the best way in your opinion to cash Bitcoins in 2021?

Thank you!

This sounds like the mind frame of all traders who want to sell at a high price and then buy back in a Bear market.
Your strategy sounds like a good one but be cautious when trading crypto since its very volitile and not like regular investments.
You should read other peoples stories about trading crypto and decide if its what you want to get into.

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Honestly it's up to you, cashing it out right now is actually fine as long as you made profit out of it. In the future we don't know whether the bullrun gonna continue to break past $50K or just falls down instead but if you think it's gonna go down as part of bitcoin bullrun cycle then you can just follow your opinion.

Whether in the future it's gonna be bearish market or bullish market we don't know that but what's for sure when you're cashing out while still in profit is regardless the market condition you still got profit at the end of the day Grin

.

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Quote from: lichig on January 19, 2021, 03:19:46 PM

Hello there,

I'm considering cashing some BTC to fiat to buy more BTC after the bull (I'm targeting to buy again at USD 15~16k).
What it is the best way in your opinion to cash Bitcoins in 2021?

Thank you!

I don't think that is a wise idea. There are many people who are in your situation and who wants to do the same. However its not wise for a few reasons.

First of all, there is no guarantee that if will go back to $15K. It might go down to $30K or maybe even $20K and never reach 15K, what will you do then. Secondly what if you sell here at $33K and it goes to $100K+? You will hate yourself for selling so cheap.

Last reason is say, it topped at $42K this month, goes it goes to $15K and you get a fill. However instead of it going up, it goes down to under $10K and stays there for years. What will you do then? Hence you should just HODL.

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Quote from: lichig on January 20, 2021, 09:31:09 AM

Quote from: Fundamentals Of on January 20, 2021, 09:21:56 AM

If you are planning to cash out from Bitcoin to fiat so that you will be able to buy Bitcoin again at that price range, you better be spending that fiat because that will be losing all its value before Bitcoin will get back to $15,000 again.

What are the fundamentals supporting this? Thanks.

Scan over the news in the past six months or so. You will find your fundamentals there. The adoption of Bitcoin is real. The institutional money is getting in and in huge bulk. In fact, PayPal is fast running out of Bitcoin supply each time they refill, and they've not even opened crypto buying and selling yet to all their users around the world. Moreover, the top cryptocurrency manager, Grayscale, has seen an explosion of Bitcoin asset inflow in the past few months, so high a growth in just a matter of months that would far surpass the Bitcoin inflow of the past several years combined.

Adoption is here. $15,000 will only be a history.

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you should check some of the topics in 2019 and 2020 from people who were making similar plans as you deciding to sell their bitcoins in $3k to $5k range then wait for the price to drop to $1k to $2k to buy back.
it is wishful thinking that will never happen. whenever bitcoin rises above certain levels those prices are gone forever. just as we will never see $1k we also will never see $15k either.
you've already lost a lot of good opportunities and are going to lose some more before you panic buy back in Wink

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Bitcoin price has only moved in the 30k range so far and despite a sharp drop in the near term, I'm sure it won't return below 20k. Therefore, selling to buy more bitcoin will probably take a lot of time, as you want a very sharp drop like under 20k to buy more. If that's your expectation then you will also be holding on for a long time because after a big dump it is unlikely that there will be a rapid rise in a short amount of time, or waiting for the next halving then obviously, it will take a long time.

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Quote from: 2double0 on January 20, 2021, 10:05:36 AM

You need to rethink on your strategy and decide your new entry

Thank you, I am actually reconsidering my re-entry point.

Quote from: 2double0 on January 20, 2021, 10:05:36 AM

btc has a possibility to plunge below $30k.

Why it can go down below $30k, but it can not go down bellow $20k? What are the fundamentals supporting this statement?

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Quote from: lichig on January 19, 2021, 03:19:46 PM

Hello there,

I'm considering cashing some BTC to fiat to buy more BTC after the bull (I'm targeting to buy again at USD 15~16k).
What it is the best way in your opinion to cash Bitcoins in 2021?

Thank you!

At the end it is your decision however I'm not so sure that the price of bitcoin is going to go down anymore than what we have seen already, my reason for this is very simple the United States is still printing a lot of money and investors are getting really worried about what they are seeing and are trying to find an asset that can help them in the case everything goes to hell and without a doubt bitcoin is one of the best options if you want to protect yourself.

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Daydreaming of $15k btc? I don't think btc will touch that area in 2021 or even 3 years from now. You need to rethink on your strategy and decide your new entry, selling it now won't help but if you want to take risk, btc has a possibility to plunge below $30k and there you will get 15% more btc with your now-sold assets.

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Quote from: Fundamentals Of on January 20, 2021, 09:21:56 AM

If you are planning to cash out from Bitcoin to fiat so that you will be able to buy Bitcoin again at that price range, you better be spending that fiat because that will be losing all its value before Bitcoin will get back to $15,000 again.

What are the fundamentals supporting this? Thanks.

Fundamentals Of

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Your buy target will be at $15,000 to $16,000 per Bitcoin? I don't think your money will ever get into Bitcoin again.

If you are planning to cash out from Bitcoin to fiat so that you will be able to buy Bitcoin again at that price range, you better be spending that fiat because that will be losing all its value before Bitcoin will get back to $15,000 again.

Be wise. If you wish to grow your Bitcoin, be contented with slow movements. Don't wait for very large movements which might only be happening in your imagination.

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My advice from years ago is the same now,,, and in fact probably even more important today with modern exchanges now all requiring their processes to be compliant with regulations in their various countries of operation.

This means KYC yourself. Verify your identity to the maximum possible, if you intend on selling on regulated exchanges.

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The best way is to buy during strong support hit or when price close to hit. Do it partially so that in case the support was broken, You can open again another position to the new establish support. Do it until you completely use all your cash.

You can use this method vice versa way when selling your BTC in to cash. Change the support to resistance.

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Quote from: lichig on January 19, 2021, 03:19:46 PM

Hello there,

I'm considering cashing some BTC to fiat to buy more BTC after the bull (I'm targeting to buy again at USD 15~16k).
What it is the best way in your opinion to cash Bitcoins in 2021?

Thank you!

That's not a bad idea. But lemme ask you a question first.
How much per Btc when you bought these Btc in your wallet?
Is it below $15,000? If so, then I guess holding still would also be a good option, because Btc seems not done yet. There are still a lot of positive speculations about $50,000 and 100,000 Btc price.
Here's a worse case scenario when you are looking to buy at the dip again; Btc might not be back at the $15,000 level or if it does, It might take quite a long time before it happens.
But If Btc crashes below $15,000 and you weren't able to cashout today, then you can buy more with your spare money. Btc is bound to hit the 6 digit figure price.

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I kinda like the idea of buying anything sub-$30k at this point. With the recent price drop from $40k to $30k I thought it would continue to go down back to at least $25k, but boy I was wrong. I still bought @ $32k just to add something on my stash that I have emptied since the price hit $40k. There's no way of telling exactly what price would we be looking at in the coming weeks. Most signals that I have followed anticipated a drop until sub-$20k 2 weeks ago but even those experienced traders failed to read the signals carefully, or interpreted it in such a way that they overshot their predictions by more than a mile.

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Don't hesitate to cash out now if you have already made some profit.
You wait for the price to dump $15k -16K, then you have to believe it will happen.

Actually, as of the moment, most of us are already bullish, we are in the bull market now, so people are so optimistic.
However, expect the unexpected, and that is to see the price dump, and you will surely have that opportunity to accumulate that low.

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If you have local wallet, then converting it into fiat and hold it there until you decide to buy bitcoin when it decrease. Or you can convert it into stable coins like tusd and stay it that way until the time you'll gonna buy more bitcoin around $15k.

Or if you have your bank connected to your local wallets, that's also a good way to cash it out.

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Quote

Within a couple weeks I am confident BTC will be pushing new ATHs.

What are the fundamentals supporting this theory?

Husires

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Buy bitcoin.
When the price drops by more than 50%, buy.
Sell when you reach the capital you entered.
Congratulations, you got free Bitcoins.
I do not know when we will get a 50% correction, but look at the chart for a week and wait for it to turn red by 50%.

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Did we ever go below last previous ATH after a bullrun?

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Quote from: lichig on January 20, 2021, 04:32:25 AM

Quote from: Poker Player on January 19, 2021, 10:52:54 PM

Holding is the most profitable strategy.

I do not agree completely with that...

If I cash out, let's say, 10BTC today at USD36k, then I can buy 20BTC, if the price drops to a half of the current ATH — which is something that happened always, unfailingly, in each bull run in the history of BTC.

That's a big "if" right there. In 2017, we only got 35-42% pullbacks. Never 50% or more until after the bubble popped.

So your approach only works if the bubble has already popped. The past week's price action (sideways for BTC, rallying for altcoins) tells me it hasn't. What if the bubble pops at $300K? You won't be able to buy back at $18K like you plan, I can guarantee it.

Quote from: lichig on January 20, 2021, 04:32:25 AM

So in my personal mental model, this is just a way to duplicate my portfolio with a moderated risk.

The risk of course, is that you'll lose coins if the market moves against you.

Going off history, I doubt we'll see anything lower than the $24,000s. Even that is a stretch, and the window of opportunity is closing too. Within a couple weeks I am confident BTC will be pushing new ATHs. That'll be true whether it stays sideways from here or makes a second leg down below $30K.

lichig

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Quote from: Poker Player on January 19, 2021, 10:52:54 PM

Holding is the most profitable strategy.

I do not agree completely with that...

If I cash out, let's say, 10BTC today at USD36k, then I can buy 20BTC, if the price drops to a half of the current ATH — which is something that happened always, unfailingly, in each bull run in the history of BTC.

So in my personal mental model, this is just a way to duplicate my portfolio with a moderated risk.

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Quote from: Poker Player on January 19, 2021, 10:52:54 PM

I agree with previous replies, just wait until the price is much higher and sell then. You don't need to sell everything though. Holding is the most profitable strategy. It is boring also, compared to buying and selling short-term but the changes you will be in profit are much higher.

But if OP waits, when will OP know that it is the right time to sell, we do not know if that is the highest price so it will be a bad rule of thumb to follow. I do like the idea of not selling everything which means that you can still hold some amount even after cashing out. The decision at the end of the day ends in the hands of OP, if you want to follow the advice then it is up to you. If the profit gap between initial price and current price is so big then might as well get your piece.

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Quote from: lichig on January 19, 2021, 03:19:46 PM

I'm considering cashing some BTC to fiat to buy more BTC after the bull (I'm targeting to buy again at USD 15~16k).

There's no point guessing the bottom until the top is in. And judging by how sideways the price action is on the daily chart, the top is definitely not in yet. After this consolidation is complete, another leg up to $60-80K is in order.

I don't think we'll see sub-$20K again, unless this bubble is a massive disappointment and peters out at $100K or below. I'm anticipating much higher levels.

STT

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Its often more dangerous for small holders to speculate on tops and bottoms to moves because it can be quite deceptive. Any scenario I look at is just a maybe but just want to observe now if we have a triangle build up and possibly a break from that leads to much higher price movement. I dont think its certain which way we move definitely until after but time to be cautious and I wouldnt sell all as its still a developing story.

cryptomaniac_xxx

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Quote from: lichig on January 19, 2021, 03:19:46 PM

Hello there,

I'm considering cashing some BTC to fiat to buy more BTC after the bull (I'm targeting to buy again at USD 15~16k).
What it is the best way in your opinion to cash Bitcoins in 2021?

Thank you!

Obviously, the best time to cash out is when the price is on top, $41k, but then again it's hard to timing the market as it is very volatile and we really don't know if that is the top price during the super fast rally that we have seen in the last three months.

However, I'm not seeing it going as low as $15k-$16k, we are still in the bullrun, the market just take a rest and investors might be switching to ETH for now. But when investors moves back the price could hit as high as $50k, then probably that will be your next target price to sell.

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I agree with previous replies, just wait until the price is much higher and sell then. You don't need to sell everything though. Holding is the most profitable strategy. It is boring also, compared to buying and selling short-term but the changes you will be in profit are much higher.

JimboToronto

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Quote from: lichig on January 19, 2021, 03:19:46 PM

Hello there,

I'm considering cashing some BTC to fiat to buy more BTC after the bull (I'm targeting to buy again at USD 15~16k).
What it is the best way in your opinion to cash Bitcoins in 2021?

Thank you!

$15k-$16k?

IMO that's unrealistic wishful thinking.

If you really want to "cash" your BTC, you're probably better to wait for $100k.

Even then you may see it doubling or tripling before it crashes appreciably.

Reid

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I'd be thinking deeply about what decision you will make.
There is a large chance it won't go that way again. I am not sure though. No one is.
If you are really trying to sell your coins, there a huge amount of exchange available to do so.
Just think about it for some time. Investors might also be holding right now because of the positive speculations that had been lurking everywhere.

tabas

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Quote from: lichig on January 19, 2021, 03:19:46 PM

Hello there,

I'm considering cashing some BTC to fiat to buy more BTC after the bull (I'm targeting to buy again at USD 15~16k).
What it is the best way in your opinion to cash Bitcoins in 2021?

Thank you!

You can choose to do that with local exchanges that surrounds you if you ever had that. Buying at $15k-$16k is a low assumption and price to wait but it's that not impossible and as you have said, after the bull run. In which country you are from?
Could possibly be there are some good local exchanges you can use there.

Charles-Tim

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You can move your topic to speculation, but about bitcoin discussion, what I can only advise is for people to hold so the price of bitcoin will continue to increase.

lichig

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Hello there,

I'm considering cashing some BTC to fiat to buy more BTC after the bull (I'm targeting to buy again at USD 15~16k).
What it is the best way in your opinion to cash Bitcoins in 2021?

Thank you!

Topic: Best way to sell in 2021 — to buy more on the bear (Read 753 times)