Topic: Bitcoin - what is your plan when we reach $100k? - page 5. (Read 841 times)

$100k is the better price in bull market. So, i will sell maximum quantity and enjoy my profit. keep the rest of quantity for expected $150k . If i sell them as i planed , then i will wait for down market for buy more . I also invest my profit in many wayes. After all , I want to sell them in high price and waited for low market price to buy.   

I think you have done what you planned. If you can implement it properly, you will be successful.  If you can keep working hard behind it, you will be able to implement it very soon.  If you invest again when the market conditions are bad, then you can get profit from it again. If you can invest like this, you can get good quality profit. But we have to invest in something good besides Bitcoin.

Of course, sell it at that price. But the question is when will bitcoin price really get a bull run and increase to $100K? If it happens this year or next, it will surely be very happy for everyone, especially for those who are already stuck buying bitcoin at $50k and above. They would have sold it straight away, been out of the market for a while, and waited for a deep drop.

But don't be surprised if some people still hold their bitcoins and do not sell them at $100k because they have a higher target sell price. And we have to be more patient in waiting for the price to break $100k and not be pessimistic and say that it's just waiting in vain. And if the next bull run happens in 2028/2029, that's also okay because we are given longer to accumulate bitcoins.

So we better prepare ourselves by having lots of bitcoins before the price starts moving up and increasing when we are not monitoring the market.

I am not sure if we are going to see a huge bull run to $100k in the near future. The world has changed a lot since Covid and the war between the Ukrainians and Russia. The global economy are struggling and the investment patterns has changed to adopt to an economy that goes into hibernation. (People are seeing save havens)

The Bitcoin volatility is not something that are attractive to institutional investors, so we are not going to see large amounts of institutional investors, investing in Bitcoin. 

If it does go to $100.... I will take 50% of my coins and sell it to take some profits. 

yes, your explanation makes sense too, and indeed in terms of selling btc we also have to be smart in managing sales strategies when the price of btc has flown high.
And indeed, if we are not good at managing sales strategies, we have the potential to  fail to make a profit.

but in this case people's views are always different, and market movements will of course be difficult to predict.

I would refrain from selling my Bitcoin even at $100,000, unless I am in dire need of cash to meet any unanticipated emergency. this is because I have strong conviction regarding potential of Bitcoin to go much beyond  the $100,000 mark in the next bull run which is likely to occur after the halving event in 2024. The current trend of rising inflation and consistent collapse of Banks are good enough reasons to push Bitcoin price upwards.

2018/29 means you have planned a long-term hold. Now we are in the middle of 2023. By the middle of 2023, Bitcoin's core is in the $29K range. The value of Bitcoin may change a lot more in these five to six years. If you can work according to the plan that you have made then you will undoubtedly gain a lot from Bitcoin.
Now everyone's expectation is to see the price of Bitcoin at $100K. Many articles have already been published about Bitcoin reaching $100K. They expect Bitcoin's price to reach such a level in late 2023 or mid-24.
The amount of btc I have is the amount of btc I want to hold until the bitcoin price reaches $100K. I don't know if I can but I will try my best. After the price of Bitcoin reaches $100K, I will decide again whether to sell my Bitcoins or hold them for a longer period of time.

Both, actually. As I assume that the following cycles will be similar, I will try to take advantage of the bull market to sell and when the price falls to continue accumulating.

I am pretty sure that the price will pass $100K after the next halving and I think I will wait until it is at $100K or more to sell some of it. Then we will have to see how far the price goes and how far it goes down when we go back to a bear market to continue accumulating.

To last two cycles without selling anything you have to have a lot of patience.

Investing in altcoins is not bad but you have to select coins which has some potential to grow. Altcoins posses some sort of risk and you cannot hold for long term. buying btc is good decision and i advised to make ta make target for altcoins sell and when you get then don't he greedy for more profit and convert into btc.

We cannot say anything about this because anything is possible in crypto. we can see 1 million price as analyzed by some some crypto youtuber and also possibility of 10k if regulations done. [/quote]

If it reach 100k my Fund will be 4x because i took entry when btc was 25k. i will sell half to book profit and will easy. if btc rise it will be bonus for me because i would hold half if its down i will make entry form lower point.

This question is the same as when the bitcoin price is below 20k, and when the bitcoin price reaches 20k you will sell it, and when the price has passed 20k there is another question whether you will sell it when the bitcoin price reaches 50k. And all the price has passed and it will be a new question, are you going to sell your bitcoins when you reach 100K, or that is your target.
and my answer is, everyone is never happy with bitcoin price when taking new ATH, because sometimes things don't go according to plan. And the best option is never to target a price for you to sell because the price of bitcoin will continue to rise.
That is, going aimlessly and doing it for the long term is a very good and more profitable option. And when the bitcoin price reaches a new ATH this is an opportunity to take good profits, but still buy back when the bitcoin price drops again within your means as this is the best discounted opportunity to continue to collect it and profit again when it reaches the price again.

and think carefully if you sell everything when you hit the target and when the bitcoin price goes up to the next target and so on, will you be able to buy it back because the price is already so high. And I think it's best to have bitcoin as a long term asset and you only take profit when it reaches a new price, and you can also sell it if you really need it and sell it as needed.
owning bitcoins indefinitely is the best option because in the long run we still need them and save them for a much more useful and profitable future.

If Bitcoin continues its habit to create a new all time high after a Bitcoin block reward halving, it will make a new all time high after 2024 halving. With that halving, it will have to reclaim its current all time high $69k before making its new all time high.

From $69k to $100k, it is about 50% growth that is possible in my opinion. I don't know about higher price like $150k or $200k for 2024 - 2025 bull run but $100k is very likely to be touched in 2024 and 2025.

My advice is if you are new in Bitcoin investment, you should think of holding your bitcoins more than 5 years. Why 5 years, not less?
Because each cycle of Bitcoin market is 4 year which is based on its halving cycle (every 210,000 blocks). With 5 years, you will be able to experience two Bitcoin halvings and two big bull runs.

See https://hodl.camp/

I don't sure with all expected Bitcoin reach $100k, current price under $30k and not stable some time down drastically and seems need waiting for three or five years later for Bitcoin reach to higher price.  Indeed have on all time high price above $65k seems Bitcoin can't make any new all time high again almost two years after reaching most higher price, bitcoin drop drastically under $20k.

I want to see Bitcoin stable above $40k or $50k and opportunity looking for altcoin stable on higher price again, I am not bitcoin holder and prefer for investing in Bitcoin and huge expected one day later altcoin back to higher price again.

I hope that the price of BTC in the next BUL RUN will be more than $ 100k and if the price of BTC is $ 100k I will not sell it unless the price of BTC breaks $ 120k then I will sell it but I will not sell it all and I will only sell a small portion.
and of course I will enjoy the results of my investment in btc. and i will go back to buy btc from bottom price.

hopefully we get profit from our investment.

True. Someone might have sold 1,000 or more BTC when Bitcoin reached $300. Perhaps they never bought back 1,000 BTC. Maybe they bought back 500 BTC when the price was at $1,000.

The final winner will be the individual that holds 1,000 BTC till it hits $1 million or more.

There a lot of plans running in my mind if Bitcoin would reach that price i would definitely take some profits. Then i will wait again for the price to go down and reinvest it. On the other hand i would use the other profits in putting up a personal business that can be source of other income and I can give work to the people who needs it. I would also invest in real estate, gold and other investments. I would also help my family financially and i will give some to the people who are in need.

I don't care about $100k, next bull run should get well past that. I'm hoping to sell some of my Bitcoin at $150k this cycle, DCA back in on the crash maybe once it drops under $90k, I'm assuming it'll drop to like $60k - $70k at the bottom of the next bear market.

As for the rest of my Bitcoin most of that is in long term storage for decades.

When price hits up $100k then for sure you would really be considering on selling out some parts of your holdings specially if you are that someone who do able to get in on $15k price dip that we do have recently on which it would really be just normal that after a long time then it wont really be that bad to snip up some profits and its no ones business would really be stopping you on doing that.
Reaching out $100k is something that we would really be that hoping on this upcoming bull run whether it would be happening on this upcoming cycle or would really be happening into the next one.
There's no way on knowing on what it would looks like. Thing here is that you do know on when to take profits if you do see gains but of course holding up for long
term isnt really that something bad for us to do so.

When Bitcoin soars to $100k, nope, I ain't sellin'. I won't even give the price a glance - I'm just gonna strap my phone to the ceiling and let it chill for a few years.

Why, you may wonder? Because I'm all about Bitcoin's long-haul potential, and I know the short-term wobbles are just minor speed bumps.

Sure, there will be times when the price dives and FUD rears its ugly head. But deep down, I know I'm backing something with world-changing mojo.

So when we reach that magical six-figure zone, I'll be HODLing like there's no tomorrow. Maybe I'll even punch the early retirement ticket and enjoy margaritas on a dreamy beach.

But even if that's a no-go, I'm stoked about investing in something truly meaningful. And to me, that's way more baller than any Lambo or fancy wrist candy.

There's is nothing bad to dream because that's all a believer needs and soon bitcoin will hit or supercede the $100k price mark. That's a good plan you got there OP... Waiting to cash in on your altcoins during the bullrun and reinvesting it in bitcoin. But I have one question for you... Are you reinvesting the funds immediately in Bitcoin or would you wait for the market to take a dive before getting in?

During the bull season, Bitcoin price would also be high, so taking profits from your altcoins to buy bitcoin at time is note advisable. I guess you have to sell and wait for the bear season before investing in bitcoin against 2028. If you want to go by this, anything can happen to your funds as you can lose it or spend it before that time. I would suggest you sell your altcoins now, invest in BTC and hodl.

While inflation is a reality, there are always alternative options available for us to choose based on our budget. It is also important to take advantage of investing since we never know when we may be able to enjoy the fruits of our labor. Living a healthy lifestyle with a modest income and being able to indulge in delicious foods such as meat is far more satisfying than having a large savings but being unable to enjoy meat due to health concerns.

As for addressing the rise of BTC prices to $100k, I will take some of the profits as a gift to myself. The remaining investment will be continued in order to achieve additional profits, of course, in BTC.