Topic: BTC 100K FOR 2024 ! - page 5. (Read 2211 times)

But would you be upset if bitcoin decreased after you sold it? Bitcoin's rise or fall is unpredictable, so there is no need to be sad when we decide to sell it. As long as it hits your target and makes you profitable, then why be disappointed? Greed plus regret is very easy to make you make mistakes and pay the price in investing, instead, you should have a plan and specific goals for your investment, and be grateful, then life becomes better and more comfortable. Moreover, as long as bitcoin continues to exist, opportunities will always come our way, so there is no reason to regret our decision.

This year we are still focused on breaking the resistance at $31k after $30k is met, so if $31k breaks then $40k will be easy to reach,
and there is a possibility to try to re-test all time high at $64k, yes hopefully this year,
but I don't I can guarantee because usually bitcoin will reach a new all time high after the halving, so we can wait until 2025.

Whether Bitcoin hits 100K or not, for me is the ride that I am most looking forward to and will go down in history and the skeptics will raise their eyebrows and wonder if Bitcoin will correct again harder and if it will reverse, while watching the price charts, and they said, "I told you so!". For me nothing is impossible..It's like the next door neighbor's taste in music..cheers.

I sure believe that one day Bitcoin will reach $100k, and not every Bitcoiner has it in mind to even sell their holding at that price. In fact, I come across two reputable members here speaking of how long they have held onto their coins and how they don't even have any plans yet on when to sell. I feel happy for them because I believe they have some other things that are fetching them money. That's why they don't really feel the pressure to sell their Bitcoin, and that's a good way to invest in Bitcoin. Some people just invested to hold for the short term, if you must know, some people will even sell their coin if they see Bitcoin trading at $80k. Although in Bitcoin investment there are so serious written and unwritten rules, some people who invest in Bitcoin do so with a target price that they intend to sell off if Bitcoin gets there. Some investors bought Bitcoin last year for $17k, $19k, and $20k, respectively. Some of them have targets to sell for $50k, $60k, $80k, and $100k, respectively. So, it just depends on how the investor has planned their investment. But I still agree with what you said about not selling everything. Even if one has plans to sell when the price is $100k, they can sell some and keep some so that if the price goes higher, they can still have what to sell and make more profit.


Cheers 🥂, Dr.Bitcoin_strange👺👺

It grows my confidence. I like that sentence. Well, indeed holding Bitcoin makes us more confident in this modern era where this asset is a very valuable asset that will become increasingly scarce in the years to come. I think we should also see a supply of only 21 million which will make us more confident if we hold more Bitcoin.

Well back on topic. Indeed the figure of $100k is a big dream for Bitcoin holders but know when the price reaches $100k, I think if Bitcoin holders don't sell all their BTC holdings because they know that Bitcoin will continue to grow and adoption will be everywhere. If selling everything at $100k then there is no hope for them to sell at $150k. Hold on and don't sell everything, it's better because we also have to use the moment to make a profit, but yes, do it as your belief.

I do agree with the idea of incremental selling rather than trying to sell too much at once, and it has been my practice to expect that any time that I sell, I may well not be able to buy those BTC back, so in that regard, my sale levels tend to be so small that they do not constitute a vary large portion of my BTC holdings - in other words, I am selling profits ONLY and ONLY a small portion of the profits.

Let's say for example that I have accumulated 1 BTC, and my average cost per BTC is $10k, so I am sufficiently in profits right now, so if the BTC price goes up from $30k to $33k, I have a 10% price appreciation, and I have $3k of extra profits in there, so maybe I might be willing to take 1% of my holdings off of the table, and I decide to sell 0.01 BTC which is $330, and if the price goes back down below $30k, then maybe I will buy back the .01 BTC that I sold, but if the BTC price never goes back below $30k then I am content to having had sold the 0.01
 BTC amount that I sold at $33k, even if the BTC price then goes up to $40k and never comes back down below $40k - and if the price keeps going up, then probably i will continue to have those kinds of small sales of my BTC, and 1% of my holdings becomes a higher and higher value even though my BTC holdings is continuing to go down little by little. 

Not everyone is in a sufficiently good position to be selling his/her BTC on the way up, and perhaps having 1BTC is not enough to feel that you are able to sell any, and maybe if you have 1 BTC, then you might want to just continue to buy, and don't be thinking about selling any BTC until either you get up to a higher quantity of BTC or BTC prices reach such a level that you are starting to feel o.k. about shaving off some BTC at various price increments on the way up.  Those kinds of threshold considerations (regarding when to sell and how much to authorize yourself to sell) are likely going to be different for each person depending upon his/her personal financial and psychological circumstances.


You are free to think about bitcoin however you like Davian144; however to me it appears that your mental framework is not correct... because you seem to want to accumulate BTC, but you believe that selling BTC is a decently acceptable strategy in terms of accumulating more BTC - and I think that is wrong thinking.

Personally, I think that it is way better to merely consider various ways to ongoingly buy BTC until you get to a level of BTC that you believe is sufficient for your circumstances, and sure you can try to time the dip, lump sum buy and DCA, and that is likely a much more assured way to continue to accumulate more and more and more BTC, whether the cost of the BTC is high or low.. after a while (maybe it takes several years?) you are likely to be in profits and perhaps even very good profits, without the risk of fucking around with selling in order to buy back cheaper - which seems a fool's game - especially for anyone who has goals to accumulate BTC - and appreciate that it is valuable to accumulate BTC, even if some of the BTC might cost more than others and even if the dollar value of your BTC holdings might not seem to be going up as quickly as you would like.

It looks like you are one of those people who are seriously considering continuing to hold Bitcoin in the long term because maybe you have put too much affection on Bitcoin so that you still want to hold it all the time without having to sell everything, even though you have seen real profits in front of your eyes. I'm quite motivated by what you're saying because it's really nice when we want to continue to hold Bitcoin for the long term and not oversell, especially when we don't have a sudden need to sell all the Bitcoin we already have.

The obvious risk here when all the Bitcoins we have is sold is not being able to get those Bitcoins back at the same price they were before. Yes, what you say is very correct because of the fact that the price of Bitcoin always tends to change at any time, although a lower price can still be expected when a big decline occurs. But it also doesn't happen all the time, so everyone needs to have time to be patient if they really want to buy it back at a cheaper price or at almost the same price as what they bought before.

When it comes to taking profits along the DCA line,  one needs to apply a lot of constraints and shouldn't over sold at any point no matter what the price may be or the profits merging on the Bitcoin,  since selling Bitcoin at every possible opportunity only lead to loss of your bitcoin holding, because bitcoin is more fun when it is held for the long term.

There is risk associated with taking profits at every market advantage which is the possible inability to get those bitcoin back at the same value you first buy the bitcoin,  and since bitcoin accumulation is a journey, one needs to apply the same time principle in both the buying and selling point without a rush in both.

Kind of mistake on which most people do able to experience specially into those who do make out some short trades or daytrading on where selling out too early but well there's nothing we can do but to move on. Thing you should have in mind to ease up that stress and regret is that you should really considered it as a profit because everything considered to be a gain would be still good and its not something that you do look into the other part and assuming that you should have made more if you do able to hold.

Better than nothing right? It is really just that human beings are really that not contented on what they do have.Instead on moving on and making another good entry should really be having in mind.
100k in 2024? No one really knows and as a trader then you should really just go with the flow.

When it comes to taking profits,  the saddest experience is taking the profits too soon,  I have experience this last week when bitcoin reached 27k+ I quickly took off some profits and within the next few hours,  bitcoin raised to almost 30k and there after a few days Bitcoin touched 31k+ severally and that gave me a lot of bad feelings that hard I known I should have waited a little before taking such steps in taking profits too early.

Because every time from ATH to new ATH there is always a fairly high increase, this cannot be compared with the previous ATH because I believe bitcoin can exceed $ 100K.
See how the history of the 4 year cycle of statistics shows that many times bitcoin will increase from this cycle, so I never doubted because people buy bitcoin now to wait for the price of bitcoin to come which is called the new ATH.

Bitcoin was at 69k in 2021 but then the price of bitcoin fell so much that by the end of 2022 the bitcoin market was below 20k. But I noticed the year after the halving so the halving is in 2024 but in 2025 the price of bitcoin could hit 100. But I'm happy myself. If Bitcoin price reaches 100K in 2024, who wouldn't be happy? So the higher the price of Bitcoin, the better for us. Of course, past prices are more likely to double in 2024-25 than in 2021.

Well, let's say that you came to bitcoin in 2018 (so 5 years ago)--- and between 2018 and now you were able to accumulate 4.5 BTC for an average price of around $10,000.... so you could have various price points in which you sell those BTC in 2023 (or maybe at some future date), and if you sell all of your BTC, you may well end up struggling to figure out how to get them back.  Whether you are able to buy back your BTC at the price that you sold them might be another question... and whether you are able to invest the value of those sold BTC into something that is equal to or better than BTC is still another question that you will face with levels of uncertainty.

Exactly it is not nice to sell all the BTC and empty the coins in your BTC wallet and as that you are not a Bitcoin holder but a Fiat holder on Millionaire or Billionaire. Then later the person would be struggling to buy Bitcoin again and start from the beginning again. Instead as JayJuanGee said, selling a unit to solve the immediate problem is the best way to be a good holder of Bitcoin. Because there are some time that you might need BTC to solve issues online and if you don't have Bitcoin at that time, you would still buy again, to the transaction so it is better you sell small and keep the rest for future use.

I recall reading a post (or maybe it was a thread?) by Rpietila in which he was concerned that he had sold too many BTC in the $600-ish territory during the 2013 price run.. and those kinds of things can surely happen, even when someone has a pretty decent selling plan that is mostly meant to be incremental selling on the way up rather than selling everything and then regretting it.

We have had examples of folks who sold everything on the way up because they thought that the price was going to come back down, and then they became bitter because the price did not come back down, and they thereafter decided to get out of bitcoin completely and be bitter about the whole matter - and surely some of those bitter people will end up coming back into bitcoin, and likely at a much higher price.. and whether they are able to recover from their own past gambling behaviors (that seem to play all or nothing behaviors - and tends to be worse incrementalism type strategies), is still to be seen and likely to vary since the details of people tend to be different and people tend to handle their finances and psychology in different ways too.

Well  after reading the thread and some comments in the link provided, I think you would rather prefer not to sell off any BTC if in case you are possession of some because the uptrend of the price is just a reminder that bitcoin bullish movement is still alive and has more force in it to even break bigger. When reading through the thread (SSS) - A Sane and Simple bitcoin Savings plan  I could see some comment of some members actually arguing about the price going more than 10k $  then, and it made me imagine how big and fast bitcoin has grown since that time and the height at which it will attain in the coming years, I could say one can only hope to store and stack enough BTC as he or she can because the market is certainly going to go surpass the current 30k$ mark so selling BTC isn't going to be a thing I would want to do.

For those selling on the way up, I would also consider selling smaller amounts, and never going 100% fiat (which means never going completely out of BTC), even if there might be some who will choose to sell large amounts of their BTC on the way up.

My own personal strategy is to sell ONLY a small percent for each time that the BTC price goes up (so I am selling even less than .5% for every 10% that the BTC price goes up.. .. even though there are some folks who have recommended selling 10% for every 100% that the BTC price goes up, such as in:

Rpietila's (Risto) 2013 Thread entitled:  (SSS) - A Sane and Simple bitcoin Savings plan

Please note that even rpietila was talking about starting to sell BTC once the BTC price had already gone up several times (past a certain threshold), and in that thread he was also recommending to never sell his whole BTC stash (even though I am not sure if he completely stuck with some of his suggested strategies and he turned out to be a scammer and he had his own personal drama issues.... too..  RIP).

That is a nice idea!
Purely a DCA way of selling. Just the reverse of buying in percentages too. I appreciate your advice. This method will make me not to regret much even if the market keeps moving upwards after attaining a new ATH.
Also, if after attaining a new ATH and bitcoin price begins to drop, it will not also affect me much since I am selling in percentages.

Speaking about potential price then there's no limit because everything would really be according to demand and recognition on which this is something which cant really be predicted on where it would be going.
$100k for 2024? Who knows but knowing that we are already on that after halving event then for sure this is the time on where bull run might kicked in. There are even people who had been predicting about half a million dollars with this upcoming bull run with Bitcoin which i dont see for it to be realistic but since this market is speculative then it would be normal that we would be flooded out by lots of speculative approach which
there's no considered to be right or wrong on this one. The important thing on here is that you should just go with the flow, take up some advantage on accumulating if the price do make out some nasty correction
and sell out if you do make out some significant profits. Rinse and repeat. 

We are all hoping it will happen, next year will be another halving, and a year before the bull is when people are excited to invest because what makes it attractive and profitable to invest in Bitcoin is it being deflationary in nature and the fast adoption of the society when there is a huge demand and limited supply expect the price to peek.
I am very bullish about next year's price especially the Blackrock application, we're hoping that Blackrock will maintain its record of 100% approval this could be the news that can help the price to move up and maybe set a new all-time high.