If Bitcoin finally reaches 100k will you sell?

Marvelockg

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Quote from: ? on Today at 08:01:09 AM

If Bitcoin finally reaches $100k that should be good start to every investors that has investments and some of the investors that are yet to invest will start investment immediately, during the period Bitcoin have reach $100k some of the investors will thinking to sell there investment while some will keep there investment to yield more profits, since we know how Bitcoin works, if Bitcoin finally reaches $100k and you undergoes long term investment and you think selling some them, it is not a bad idea too.

well, just so you know, Bitcoin has already reached $100k and has gone pass that mark even before it experienced this correction and from all observation, it didn't affect investors decision at all as taking profit at that time didn't look like a necessity for most investors.

Having a set of value you've assigned as your selling point is not a bad thing but buying at this point and planning to sell once Bitcoin gets to $100k only shows that you're not a long term investor and that you're just after the quick profit that might be too small relative to other investment choice out there. Having seen bitcoin getting to $100k and even going past that, I'm more concerned about the future of Bitcoin above $200k before looking out for any sort of profit because it's only at that point that I can talk about a two times return on investment based when I started investing.

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If Bitcoin finally reaches $100k that should be good start to every investors that has investments and some of the investors that are yet to invest will start investment immediately, during the period Bitcoin have reach $100k some of the investors will thinking to sell there investment while some will keep there investment to yield more profits, since we know how Bitcoin works, if Bitcoin finally reaches $100k and you undergoes long term investment and you think selling some them, it is not a bad idea too.

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Quote from: Rhema_Artz on October 19, 2024, 06:19:14 PM

When BTC finally reaches $100k na jolly news be that one nau... I no go sell yet... I go hold more...

When Bitcoin touched $100K, it was a historic moment for investors. Moreover, it was an expected price for all investors, many investors may have planned before investing in Bitcoin that they would sell when the price of Bitcoin touched $100k. Many people may have sold their investments at that price. There are also many investors who are still patiently investing in Bitcoin, meaning their goals are much bigger. As a result, even after the price of Bitcoin reached such high levels, they still patiently held onto their investments and they are holding Bitcoin by purchasing regularly.

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Quote from: ? on December 23, 2024, 04:26:42 AM

Good question! Normally, I do consider myself as an investor and my bitcoin as a long term investment. Even if Bitcoin breaks the 100k resistance zone I will still hold for the next 20 years. If you run a little 'background check'(market analysis) on a big time frame on the Bitcoin we are talking about you will understand from my own perspective. But I will strongly advise you do your own research before investing in any crypto currencies! Cool

Selling at $100k is not a bad idea that is if the investor had been investing for 5-6 years because I believe the investor profit or gain will be reasonable and perhaps the investor might have other plans to... but if the investor just started holding for some months or 1 year ago selling wouldn't be a good choice because the return will not be that reasonable perhaps they still need to continue with their investment and knowing that the potential of Bitcoin is very nice and promising should trigger an investor more to invest. If I may ask don't you think holding for 20 years will be much even though it is a long term investment and are you sure you can hold till 20 years because before then, the price of Bitcoin will be so big or half of what it is now and you might be tempted to sell before then.

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Quote from: HajiBagi on December 24, 2024, 01:23:31 PM

Quote from: bigmanik on October 19, 2024, 05:40:12 PM

Well I know Bitcoin has not reached 100k yet and some of you don't actually believe that Bitcoin will actually reach that level but trust me it will, it might take time but eventually it will
Well that aside back then I actually told myself that if Bitcoin gets to 80k or 90k I will sell but for some time I've been having second thoughts
Maybe it's the forum that is changing my perspective because people here are the real supporters of Bitcoin
They don't just do it for the wealth but also for the love of Bitcoin and for some reason I now feel that even if Bitcoin reach 100k I still won't sell mine

What about you?

Selling your Bitcoin na choice because everybody get their own choice of selling when he or she think that the profit is okay, some people don buy Bitcoin for pass 7 years now when Bitcoin still dey normal and people don't think it will be like this and now they are holding times 4 of what they invest, I will not blame anybody for selling their Bitcoin as they see the price don go up because I don't know the reason why they sell it.

Although it is very good to hold your Coin because what we are expecting in the future will be bigger than what we have see, Bitcoin price in coming 2 to 3 years is going to shock people because at this moment I don't think bitcoin price will go down like the way it is before, Bitcoin Don reach 100k and next year it will pass 100k, if Bitcoin nearly enter 200k make we no still surprise.

Sure, you can sell bitcoin if you want, but you can also retain it and profit as the price rises and your money increases. Many people do not sell their coins easily because they invest for the long term, so even if bitcoin increases in value, some will still keep it because anyone who is on target with it will definitely leave it once they reach their target. If your target is 100k he will sell it, and if it is 200k he will keep it, so bitcoin is not something you should rush into and sell quickly. He takes time before pumping properly.

if you see people sell there bitcoin the time he reach 100k that means na him target be that. Or probably something come up and he doesn't have another option, he will surely sell and solve is problem. As for me anytime am on profits on bitcoin I always sell my profit when I see the coin pump and I will be getting my capital back and be enjoying it. This years bitcoin as reach 100k plus and next years will be expecting 200k plus because I believe on bitcoin is volatile and anything is possible he can probably reduce and he can increase higher.

HajiBagi

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Quote from: bigmanik on October 19, 2024, 05:40:12 PM

Well I know Bitcoin has not reached 100k yet and some of you don't actually believe that Bitcoin will actually reach that level but trust me it will, it might take time but eventually it will
Well that aside back then I actually told myself that if Bitcoin gets to 80k or 90k I will sell but for some time I've been having second thoughts
Maybe it's the forum that is changing my perspective because people here are the real supporters of Bitcoin
They don't just do it for the wealth but also for the love of Bitcoin and for some reason I now feel that even if Bitcoin reach 100k I still won't sell mine

What about you?

Selling your Bitcoin na choice because everybody get their own choice of selling when he or she think that the profit is okay, some people don buy Bitcoin for pass 7 years now when Bitcoin still dey normal and people don't think it will be like this and now they are holding times 4 of what they invest, I will not blame anybody for selling their Bitcoin as they see the price don go up because I don't know the reason why they sell it.

Although it is very good to hold your Coin because what we are expecting in the future will be bigger than what we have see, Bitcoin price in coming 2 to 3 years is going to shock people because at this moment I don't think bitcoin price will go down like the way it is before, Bitcoin Don reach 100k and next year it will pass 100k, if Bitcoin nearly enter 200k make we no still surprise.

Stepstowealth

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I was looking at the recent comments on this topic to see if anyone has updated that they have sold their bitcoin, still waiting to see.

Quote from: Cityhunter34 on December 20, 2024, 12:02:29 PM

Totally agree! Because as long as Bitcoin investment is concerned everybody have their own target...

I still think that even after the target that some investors have set for their investment has been reached they would still not be in a hurry to want to sell because that is normal human nature, after one target has been met another new target is automatically set. It will not be wise to have patiently waited all these years to finally see Bitcoin bullish and just as quickly as bitcoin gets to your targets you sell off forgetting that the bullish trend of Bitcoin still continues.

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Quote from: ? on December 23, 2024, 04:26:42 AM

Good question! Normally, I do consider myself as an investor and my bitcoin as a long term investment. Even if Bitcoin breaks the 100k resistance zone I will still hold for the next 20 years. If you run a little 'background check'(market analysis) on a big time frame on the Bitcoin we are talking about you will understand from my own perspective. But I will strongly advise you do your own research before investing in any crypto currencies! Cool

Sounds interesting, not too many would be willing to hold for that long, some would sell at some point when their investment is fully due to taking profits, well I must say it's a very good decision and I hope you stick to it cause it would be one of the best decision you'll ever make and you'll be very proud of yourself in future.
Anyways, Bitcoin has made a name for itself in the asset class and it's gradually improving to greater heights therefore such asset is meant to be valued at all cost, however how best can one value their digital assets if not by holding for the future, moreover 100k is not the highest point Bitcoin can get, it would even grow higher and higher, therefore holding on to it for a very very long period is the best thing anyone who's investing on it should do.
I know some people that's invested long before now would feel like selling what they've got, well it's their choice since their investment is due and beyond a full circle, but instead of selling everything it would be more wise to sell some portions and continue holding the larger portions to make more profits in future, while some ignorant people would be selling al they got at 100k the wise ones are buying more and holding to make more profits when Bitcoin reach $1m.

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Good question! Normally, I do consider myself as an investor and my bitcoin as a long term investment. Even if Bitcoin breaks the 100k resistance zone I will still hold for the next 20 years. If you run a little 'background check'(market analysis) on a big time frame on the Bitcoin we are talking about you will understand from my own perspective. But I will strongly advise you do your own research before investing in any crypto currencies! Cool

Richbased

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Quote from: ? on December 20, 2024, 08:49:19 AM

Quote from: Coyster on December 19, 2024, 04:27:04 PM

Bitcoin don even pass $100k, but i never sell, i know say some people go don sell some of their coins as bitcoin reach $100k, it depends on the target wey person set. We all dey different, so we no go get similar targets, my advice be say even if you wan sell, make you no sell all the coins wey you don accumulate, you fit sell a certain percent, but make you still hodl some bitcoin, because the future dey very good for bitcoin.

As you never still sell your bitcoin when the price enter 100k, e show say you get better investors mind. I fit still see am say you also get another better thing wey dey give you money wey go make your mind no go near your bitcoin wallet.

Apart from say person wey dey hodl bitcoin suppose get better source of income, discipline matters in everything investment you are doing because if you are not disciplined, even if you are earning millions, it will still be difficult for you to hodl your bitcoin for a longer period of time. You will always find an excuse to sell at some point especially when you know you have been able to realize some profits from it.

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Na the thing wey every bitcoin investor suppose dey do, get other work wey you go take dey sort matters so that you no go dey check your bitcoin wallet everyday so that you no go out rush go sell am. For me, e never reach to sell, next year go stew pass this 100k.

It depends one how every bitcoin investor wants to go about their investment because there will always be short term and long term investors in the market regardless if they have a stable job they generate income from. No talk say e never reach to sell because e get people wey don dey accumulate since and dem don make better profits from their investment so you don't expect such people to keep hodling till next year. ''A bird at hand is worth more than millions in the bush'', you can't take because of the fact that majority of investors are speculating the price of bitcoin to increase further next year and you still decide not to sell but if you have a long term investment target then you can just exercise patience.

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Quote from: SuperBitMan on October 19, 2024, 06:41:21 PM

It all depends on one's target, some people have been accumulating Bitcoin for years now even when Bitcoin was not up to $30k in price and they have been waiting patiently for Bitcoin to hit $100k so they can sell some of there Bitcoin and continue holding the rest, however for those of us that has not gone far in our accumulation I see no reason for us to engage in selling our Bitcoin when it finally Hits $100k as for me I will keep accumulating and holding because $100k is not my target.
Those that started accumulating Bitcoin when it was not up to $30k will benefit more if they decide to sell when it hits $100k.
Bitcoin reaching $100k is not a big deal anymore is already close to it and will surely hit $100k and still go beyond that price.

Totally agree! Because as long as Bitcoin investment is concerned everybody have their own target so you can't sell your Bitcoin when you have not reach your target. So however I think those people that started their investment when Bitcoin was at the range of $20k might have the target to sell at $100k while because they have plan for it already.

Of course for those of us that have not gone far in our Bitcoin investment selling at this present prince is actually not advisable. we are supposed to accumulate enough Bitcoin and hold for a long period of time at least our target supposed to be $200k and above before thinking of selling.

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Quote from: Coyster on December 19, 2024, 04:27:04 PM

Bitcoin don even pass $100k, but i never sell, i know say some people go don sell some of their coins as bitcoin reach $100k, it depends on the target wey person set. We all dey different, so we no go get similar targets, my advice be say even if you wan sell, make you no sell all the coins wey you don accumulate, you fit sell a certain percent, but make you still hodl some bitcoin, because the future dey very good for bitcoin.

As you never still sell your bitcoin when the price enter 100k, e show say you get better investors mind. I fit still see am say you also get another better thing wey dey give you money wey go make your mind no go near your bitcoin wallet.

Na the thing wey every bitcoin investor suppose dey do, get other work wey you go take dey sort matters so that you no go dey check your bitcoin wallet everyday so that you no go out rush go sell am. For me, e never reach to sell, next year go stew pass this 100k.

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Quote from: Coyster on December 19, 2024, 04:27:04 PM

Bitcoin don even pass $100k, but i never sell, i know say some people go don sell some of their coins as bitcoin reach $100k, it depends on the target wey person set. We all dey different, so we no go get similar targets, my advice be say even if you wan sell, make you no sell all the coins wey you don accumulate, you fit sell a certain percent, but make you still hodl some bitcoin, because the future dey very good for bitcoin.

E get two reasons wey Dey always make people to sell when them no supposed sell, one nah when the price of BTC don high to an extent and them don see a certain amount of profit, this fit make them decide to sell and take their profit, and the second reason nah when price don Dey dip and due to fear of losing their money or their profit, them go panic sell MGL secure their profits and their capital, maybe with hopes of buying again when the market look like say E wan rise again.
Wait, be like E get theirs reason why people go feel like to sell, which is when emergency occur and then them go wan sell to sort out this emergency.
But the truth be say, most of these people wey Dey sell untimely na people wey no really consider the long term potential of their investment, because when investor consider the long term potential, E go prepare for possible upturn and downturns and even emergencies as E go fix en gaze for the long term cos na the only way people fit avoid to sell their coins.

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Bitcoin don even pass $100k, but i never sell, i know say some people go don sell some of their coins as bitcoin reach $100k, it depends on the target wey person set. We all dey different, so we no go get similar targets, my advice be say even if you wan sell, make you no sell all the coins wey you don accumulate, you fit sell a certain percent, but make you still hodl some bitcoin, because the future dey very good for bitcoin.

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Quote from: Juicyhome on November 19, 2024, 02:51:25 AM

Sell what exactly? Be precise, its the interest or the total investment of your bitcoin? To me its cool you sell your interest if only you have gained much, and buy other altcoins, but if you have other means then hodl your bitcoin regardless the rate, because bitcoin is our future no matter the amount you have hodl it. In the next five years bitcoin will reach $3k. You will be glad you hodl your coin, never panic even if the price dip. $1k will bring more investors into bitcoin but dint be so excited to sell, if you need money draw your interest and enjoy.

I don't think this advice is good, personally am not always comfortable with anything related to the idea of selling Bitcoin to buy altcoins, even though one might decide to sell part of Bitcoin investment at some point which is ok but selling it to buy altcoins can be wrong, yeah I will suggest it is better one get involve in Bitcoin non related investments such as a more physical investment like selling of consumable and material goods, lands, one can even go into agriculture yeah there are many other investments one can get involved with other than investing in altcoins from the money gotten from Bitcoin.

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Quote from: bigmanik on October 19, 2024, 05:40:12 PM

Maybe it's the forum that is changing my perspective because people here are the real supporters of Bitcoin
They don't just do it for the wealth but also for the love of Bitcoin and for some reason I now feel that even if Bitcoin reach 100k I still won't sell mine

What about you?

Are you still holding it till now? If Yes, then you’re really a big bitcoin enthusiast and your believe in bitcoin is very strong and full of optimism for it. Your perspective on how you perceive and understand bitcoin might be different from those that have hold for a longer term and have witnessed more market conditions overtime. Sometimes it is better to stick to your plan and sometime following their guide will help you in making some decisions. In all of this, just make sure you’re not at loss and you’re able to benefit and profit from your investment.

Quote from: Su-asa on December 18, 2024, 12:21:08 PM

Bitcoin surpassed a lot of people's expectations this bull run season, it exceeded a 100k and there's a high chance that it might continue to go higher. But no one can be 100 percent sure about the market changes this is why it's important to set a Target and sell when it gets to that price. A lot of people lose money in the market due to greed, they always want to keep hodling even after hitting their target forgetting that volatility is constant in the crypto space. If I was hodling Bitcoin I would definitely sell if it gets to a 100k because that seems okay to me, but everyone has their targets though.

A lot of people that targeted to sell their bitcoin when it gets to $100K didn’t sell again because of the market behavior before it finally got to that price. No one was thinking that bitcoin will reach $100K this year, a lot were already forecasting that to happen next year. So when bitcoin got to $100K this year, a lot of hodlers because hesitant to sell because they can still see the potential in bitcoin of making it much far beyond $100K, this is how much people have believe in bitcoin and are still holding till now. It is good to stick to a plan but sometimes, those plans become adjusted when more reality of the market hits and that’s what I think is happening now.

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Quote from: Juicyhome on November 19, 2024, 02:51:25 AM

Sell what exactly? Be precise, its the interest or the total investment of your bitcoin? To me its cool you sell your interest if only you have gained much, and buy other altcoins, but if you have other means then hodl your bitcoin regardless the rate, because bitcoin is our future no matter the amount you have hodl it. In the next five years bitcoin will reach $3k. You will be glad you hodl your coin, never panic even if the price dip. $1k will bring more investors into bitcoin but dint be so excited to sell, if you need money draw your interest and enjoy.

I don't fully agree with this strategy. How do you suggest this to people that bought a full Bitcoin when it was worth $20k, they should be having $80k per every Bitcoin that was bought thag time, now imagine selling $80 and leaving your remaining $20k capital that was used to invest in Bitcoin, how much do you think Bitcoin is going to go before you make a bother significant amount of profits from Bitcoin? It's a reliable strategy if you want more profits.

If you buy at a very low price, I will consider taking capital and leave your profits that is if you are scared but why would you be at this point when you were able to pass every bad sentiments and tantrums throw at Bitcoin, it is the best thing to hold instead of selling your coins now. However, we know say problems no dy finish for the country, if you get problem and you don make plenty profits for crypto, abeg sell make you solve your problems.

Su-asa

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Bitcoin surpassed a lot of people's expectations this bull run season, it exceeded a 100k and there's a high chance that it might continue to go higher. But no one can be 100 percent sure about the market changes this is why it's important to set a Target and sell when it gets to that price. A lot of people lose money in the market due to greed, they always want to keep hodling even after hitting their target forgetting that volatility is constant in the crypto space. If I was hodling Bitcoin I would definitely sell if it gets to a 100k because that seems okay to me, but everyone has their targets though.

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Sell what exactly? Be precise, its the interest or the total investment of your bitcoin? To me its cool you sell your interest if only you have gained much, and buy other altcoins, but if you have other means then hodl your bitcoin regardless the rate, because bitcoin is our future no matter the amount you have hodl it. In the next five years bitcoin will reach $3k. You will be glad you hodl your coin, never panic even if the price dip. $1k will bring more investors into bitcoin but dint be so excited to sell, if you need money draw your interest and enjoy.

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Quote from: bigmanik on October 19, 2024, 05:40:12 PM

Well I know Bitcoin has not reached 100k yet and some of you don't actually believe that Bitcoin will actually reach that level but trust me it will, it might take time but eventually it will
Well that aside back then I actually told myself that if Bitcoin gets to 80k or 90k I will sell but for some time I've been having second thoughts
Maybe it's the forum that is changing my perspective because people here are the real supporters of Bitcoin
They don't just do it for the wealth but also for the love of Bitcoin and for some reason I now feel that even if Bitcoin reach 100k I still won't sell mine

What about you?

This is probably the simplest yet complicated action to take for many investors, because influence of other people believes and target would make many investors make the wrong choice and decisions. Before ever you start your Bitcoin investment journey you must have placed a target that the price reaches you would sell off and then probably wait again for the bear or use it for another important thing in your life but where as you have more than enough emergency funds and you are okay then still keeping your coins for further reference isn't a bad idea but don't just chicken out and make mistakes when the Dip starts coming especially those that didn't actually sell off their coins.

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