There's no price point that would make me sell, I'm sure of it now after surviving 2 cycles.
When I bought my first coins for $600 I thought that getting 2x is already good, but I took it slow and one day my investment was 25x at which point I sold some, but when I did I realized that there are no things that I urgently need and can't afford. I made sure I'm well covered, have my ROI cashed out, have at least 20 monthly wages in cash saved up, have a home, a car, that was all that I needed at that point and I still had a lot of bitcoin left. Some years later I could be doing better like I could have a better car, a bigger house, but I don't need it. So if bitcoin went to 100k tomorrow I'd probably sell 10% of what I have just to have some fun in life. I'd throw it away and keep the rest because I don't need fiat that I have to pay tax on and then lose 10% a year in the form of inflation.
If somebody would gave me 1 million today I'd do the same. Sell 10% and keep the rest.
Topic: Bitcoin - what price would you sell? - page 6. (Read 882 times)
I'm not going to wait until precise marks anymore like 100,000$ or 250,000$. I did it last time expecting bitcoin would reach 100.000$, and it ended hiting 69,000$ and crashing next. Now I will just wait for the next bull run. Where it leads us it's ok for me and then I'm going to sell my holdings. I have to invest in another sectors of my life and can't hold bitcoin forever without putting it into good use. And to be frankly, it doesn't make sense to hold money forever. At some point you have to use it, otherwise why do we start holding at first place?
I think there’s no easy way to determine it because you know that in whatever price that you have in bitcoin, as long as you don’t need it at the moment, I think you can hold it until whenever you need it again,that you wouldn’t have to so I agree with the meme mk4 posted that you wouldn’t have to.
Many people buy Bitcoin without defining their exit point.
I don't know if there are some people that are still seeing Bitcoin as a currency instead of as an investment assets.
If Bitcoin is taken for what it is, we should own Bitcoin today and spend tomorrow and own the next day.
But rather we have decided to be holding the Bitcoin for it to appreciate.
Anyone buying bitcoin now for appreciate purpose should exit only after the halving.
The idealistic reply would be not to look at Bitcoin solely as an asset to be exchanged to give real world value (fiat), but also as a possible currency which allows one to spend privately and through a decentralized means. This way you would not only need to wait for a certain price to 'sell off', but you would have an asset that can be used for any reason you would need fiat for.
But the thing is @OP wanted to have a huge profit on his accumulation. You cannot have a huge profit if you keep spending your Bitcoin and use it as mode of payment since it will just come and go from your hand when there is another option to use as payment and hodl our Bitcoin. I believe Bitcoin will come to the point that there is no need to hold it but instead just use it for payment but not now since there is still huge profit to acquire just by holding it and selling it after a halving or two.
I am thinking of just accumulating till 2029/2030 which should be the next bull run after 2025.
Hopefully by this point I will have close to 1 full Bitcoin and the price will be at least $250k which would then be worth selling to me.
That's a practical plan and the more patient you can be, the more orofits you can earn.Hopefully by this point I will have close to 1 full Bitcoin and the price will be at least $250k which would then be worth selling to me.
Also, balance your Bitcoin/altcoin portfolio to favour the asset you place more value on.
I greatly agree on this advice, but holding Bitcoin alone would suffice, I believe. There are lots of scams in altcoin, it may look like promising now but then a month after, it will turn into scam. I would say, be on guard with your altcoin investment, the market condition of most altcoins is good for short-term investment.
This is a typical question. Everyone has a different reason for owning Bitcoin. I've always tried to sell and accumulate again at a low price. If you sold Bitcoin in ATH and bought it now, you should have 3x Bitcoin. That's what I've been doing since the last bull run. I sold my Bitcoin above $50,000 and I'm now slowly accumulating in the bear market. As a result, I don't have any price targets. When I make a good profit, I sell and then repurchase at a lower price.
Doesn't matter if it's one bitcoin or not. The amount you own is totally yours, and you need to know that as long as you peer BTC to measure its value with USD, you can never guess the actual value of it. 1 BTC will always be 1 BTC, you can't change that fact.
But if you are planning on for a very long term investment, then try adding stop loss to your sell. When it goes way down, you may end up buying more in quantity with that.
But if you are planning on for a very long term investment, then try adding stop loss to your sell. When it goes way down, you may end up buying more in quantity with that.
I can imagine answers like:
- for better bitcoin (let's call it Bitcoin 2.0)
- for life
- for health
- for a few more days on Earth
- for an experiment
- for power
- for living in a beatiful place away from coercion/opression
- for bread or water
The idealistic reply would be not to look at Bitcoin solely as an asset to be exchanged to give real world value (fiat), but also as a possible currency which allows one to spend privately and through a decentralized means. This way you would not only need to wait for a certain price to 'sell off', but you would have an asset that can be used for any reason you would need fiat for.
many persons that are into bitcoin don't really have a good understanding of this idealism that bitcoin was introduced as an alternative to fiat for people to enjoy financial privacy as against the traditional financial centralized systems, but rather, much of what they could mostly think of whenever bitcoin is mentioned is that it's about the bulls and bears markets's with how to make profits based on these two variables ( bull/bear).
Said it at least a couple of times on this forum, and do not mind repeating as it has been some years, but that I personally had a price target, and a time target.
Not because I wanted to, but because I had to make it predictable for those who would inherit my coins in the possibility I do not make it into the next decade.
Then they definitely will ask this question, and to do away with the requirement that they also inherit my Bitcoin beliefs, I set a price and date target. Whichever hits first, they sell.
Not because I wanted to, but because I had to make it predictable for those who would inherit my coins in the possibility I do not make it into the next decade.
Then they definitely will ask this question, and to do away with the requirement that they also inherit my Bitcoin beliefs, I set a price and date target. Whichever hits first, they sell.
I think there’s no easy way to determine it because you know that in whatever price that you have in bitcoin, as long as you don’t need it at the moment, I think you can hold it until whenever you need it again, that you wouldn’t have to so I agree with the meme mk4 posted that you wouldn’t have to.
Bitcoin should be seen as an asset and if dollar value should not be taken to be a base for is the acquisition or its usage as a currency, bircoin mean different thing to different foks but in all bitcoin provide a better alternative to fiat currency.Bitcoin should be taken for a long-term base, as its true reflection and value can only be seen in the long-term base.
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Well either way, even if you're not going to accumulate 1 full Bitcoin, you're fine. There ain't no minimum investment anyway unless you are strict goal of getting a whole.We can only speculate so much for now since 2025 is still 2 years away and there could be so much price history that we need to look into in this coming months.
Just sell whenever you need to. At least in my case, I do not have any specific price eyeing on for now since I also use Bitcoin for transactions.
For the fact that there have been predictions for bitcoin to worth about $250,000 doesn't mean you must wait till this is achieved except you're totally not occupied for the couple of years to cone in realising this, selling doesn't work with a particular target atimes but you will have to consider being profitable when what you're selling is having an additional interest upon it regardless of wjen it's been bought and you're selling at willingness and nit by compellation, this means you're satisfied with the level of income you've made through it by selling off.
I guess when the time feels right to me. And right now, I’m itching to acquire more whenever I can.
Bitcoin has a very great potential to really increase in value over the coming decades so I guess now is just now the right time to sell.
Bitcoin has a very great potential to really increase in value over the coming decades so I guess now is just now the right time to sell.
I think there’s no easy way to determine it because you know that in whatever price that you have in bitcoin, as long as you don’t need it at the moment, I think you can hold it until whenever you need it again,that you wouldn’t have to so I agree with the meme mk4 posted that you wouldn’t have to.
To be honest, I have not defined an exit plan yet, which I admit is not responsible from my part.
I suppose that for now it would depend on the necessities I will have in the future; I am talking about health, food, shelter, etc.
I wish I could talk to a financial advisor with experience in Bitcoin, so they could help me to set an objective to my few satoshis.
I suppose that for now it would depend on the necessities I will have in the future; I am talking about health, food, shelter, etc.
I wish I could talk to a financial advisor with experience in Bitcoin, so they could help me to set an objective to my few satoshis.
I keep my bitcoins in some ledger, the stick is not there for me and until I am old.
they are safe and they are there for my kids and for my kids college fees and my retirement days with the luxury and serenity of focused philanthropy, and I will try not to touch bitcoin no matter what.
if the bitcoins disappeared overnight without allowing me to store anything, I would accept it, although I would not be happy, but I would accept it.
Programmer Laszlo Hanyecz traded his 10,000 Bitcoins for pizza. Did he regret it, he said no (inwardly he probably did) but couldn't say otherwise lol.
they are safe and they are there for my kids and for my kids college fees and my retirement days with the luxury and serenity of focused philanthropy, and I will try not to touch bitcoin no matter what.
if the bitcoins disappeared overnight without allowing me to store anything, I would accept it, although I would not be happy, but I would accept it.
Programmer Laszlo Hanyecz traded his 10,000 Bitcoins for pizza. Did he regret it, he said no (inwardly he probably did) but couldn't say otherwise lol.
The idealistic reply would be not to look at Bitcoin solely as an asset to be exchanged to give real world value (fiat), but also as a possible currency which allows one to spend privately and through a decentralized means. This way you would not only need to wait for a certain price to 'sell off', but you would have an asset that can be used for any reason you would need fiat for.
Also, balance your Bitcoin/altcoin portfolio to favour the asset you place more value on.
I am thinking of just accumulating till 2029/2030 which should be the next bull run after 2025.
Hopefully by this point I will have close to 1 full Bitcoin and the price will be at least $250k which would then be worth selling to me.
That's a practical plan and the more patient you can be, the more orofits you can earn.Hopefully by this point I will have close to 1 full Bitcoin and the price will be at least $250k which would then be worth selling to me.
Also, balance your Bitcoin/altcoin portfolio to favour the asset you place more value on.
Re: Bitcoin - what price would you sell?
This is a very common misconception, depending on how you personally look at bitcoin. If you're asking an actual long-term bullish person, this classic meme pretty much sums it up:
I started accumulating Bitcoin after the June crash last year, my average buy is currently $17500.
I feel like it is a good time to be accumulating but also lately have been thinking it may be a while until it is worth selling.
I think Bitcoin will reach $100k maybe $150k next bull run in 2025 but feel that is not going to be enough for me to sell as I won't have anywhere near 1 full Bitcoin.
I invest in Bitcoin weekly but I also have other Altcoins I invest in so it is not a large amount I am able to put into Bitcoin right now.
I am thinking of just accumulating till 2029/2030 which should be the next bull run after 2025.
Hopefully by this point I will have close to 1 full Bitcoin and the price will be at least $250k which would then be worth selling to me.
I feel like it is a good time to be accumulating but also lately have been thinking it may be a while until it is worth selling.
I think Bitcoin will reach $100k maybe $150k next bull run in 2025 but feel that is not going to be enough for me to sell as I won't have anywhere near 1 full Bitcoin.
I invest in Bitcoin weekly but I also have other Altcoins I invest in so it is not a large amount I am able to put into Bitcoin right now.
I am thinking of just accumulating till 2029/2030 which should be the next bull run after 2025.
Hopefully by this point I will have close to 1 full Bitcoin and the price will be at least $250k which would then be worth selling to me.
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