Topic: [Poll] If this happens, is it time to sell your Bitcoin? - page 2. (Read 484 times)

there are still some weeks before the deciding moment so take your time mate.

There is no doubt about that, and the result is that many have invested in D believing that the price will only rise, and today they are at a loss (in case they have sold). I would say this is kind of good because they may have learned an important lesson and understood the difference between altcoin which has unlimited supply (and dubious application) and Bitcoin which is something completely different.



I'm not sure if these companies can keep such an investment a secret, because in the case of Tesla, as far as I know, it had to be made public - and it happened a few months after the investment. I know people speculate a lot about Amazon or Apple when it comes to Bitcoin, but you should know that the management structures of these companies are not exactly pro-Bitcoin - so if I'm not mistaken one of Apple's biggest shareholders is the famous Warren Buffett, who has a very negative attitude about Bitcoin.

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The president of a country or the CEO of Twitter just can't get under the radar when it comes to things like this, nor can Saylor who is the CEO of a large company that has invested everything in BTC. They use their status to strengthen their positions, the success achieved by Bitcoin is their personal success.

Interesting points, I cannot believe that Michael Saylor is the only one who sees Bitcoin
as he does and so I cannot believe that the top tech giants have not secretely moved into
Bitcoin yet. They know with their power it would be easy to create a mass frenzy of buying
which would ruin their chances of buying "cheap".

Saylor in particular as well as Dorsey and Bukele have an unbelievably positive outlook,
they cannot be the only ones and their outlook cannot go unnoticed and not acted on by
others.

Most common reasons are already on the poll and if there's something that isnt included then its our personal kind of view which we do have on our own.
Selling point or time is something which cant be known but only ourselves because we do have different price buy in and we do have different price point
on when we do sell so its totally differentt to each oother which it isnt really surprising to see different sentiments on here.
Doesnt matter if there would be some good price increase this  December or decrease because  if someone doesnt tend to sell then
they wouldnt really sell after all.

Someone (I don't remember who) said the 4 most dangerous words in finance are "it's different this time". That's why I didn't vote. I wouldn't sell any cryptocurrency I owned just yet, not because of any of the reasons in the poll, but because I'm just starting, and I intend to wait a bit longer...

Rich individuals like Elon were the sole reason for shitcoins like DOGE/SHIB being pumped even till today. Moreover, there are quite a few like Michael Saylor or the President Nayib Bukele who truly believe in the potential of Bitcoin and try to stay on radar without shit posting on twitter about other coins. Wish the future powerful investors be the same like Jack Dorsey/Saylor.

Indeed very true. We never know if companies like Apple own bitcoin which were bought through various OTC trades but if their trade tends to go public anytime in future it might create a bullish movement and can change the way how bitcoin was conceived in public back in the early days.

We have already moved to the era of pricing the value of goods in satoshis and not in whole bitcoins! So 2.1 quadrillion satoshis are more than enough for the foreseen future.

I would like to hear about your opinion regarding the market and do you usually book your profit during the rally and then get back again and do you really think that things will be different this time around because of institutional investors and other factors in play.

I am not expecting the market to rally all the time, like every time i am expecting a major rally in the next couple of months and then the correction would be inevitable. I will be booking my profit like every time i used to in the past and then wait for the correction to get back again.

Yes, a rich individual, but a famous rich individual who will start a new FOMO - or some famous company. I believe that a lot of big investments happen through the OTC market and for the very reason that they stay under the radar of the public in order not to affect the price. Although there are a lot of those who invested at a time when the price of BTC was incomparably lower than today, there are also a lot of those who are just accumulating and it is not in their interest for the price to rise.

I think it's a battle going on in the background, but with a pre-determined outcome - demand will far exceed supply, which has its upper limit. Today it is relatively easy to buy 10 000 or even 100 000 BTC - and I am sure that will not be the case in 4 or 5 years.

Here is a recent tweet from PlanB stating that $100k is still on card for this year. But for BTC to double from here to reach the $100-$120k mark, it needs another small country like El Salvador or any wealthy individual to purchase as much BTC possible by him otherwise FOMO should kick in to bring a fresh high. With Bitcoin and crypto being known to majority of the individuals all over the globe, we need another wealthy inflow of fiat money for us to reach this phase.

I personally, have been using Bitcoin as an alternative to fiat since 2017 but with recent sudden surges in prices I have tried to limit my spending using Bitcoin to quite an extent and started saving them more as an alternative to Gold. So, IMO I won't be selling anytime soon even if the price tanks to as low as $10k just like how it happened in 2018 bear market. But OTOH, if we are low on Bitcoin balance, it would be good to sell now or at $75k and buy the bottom to increase our balance.

As others have pointed out, this time major venture capitalists and wealthy individuals have onboarded onto Bitcoin and hence facing a harsh dump like 2013 or 2018 is quite not possible unless they try to ruin the market. Prior in 2019 or so, I have speculated that BTC reaching $500k and surpassing the market cap of GOLD is possible only in a dystopian era in one of our forum thread's but after such huge movements I don't think it would be a difficult task either.

If I have to follow your last sentence of buying dip and selling peak I can say yes to it but I won't believe that market will follow the past just like you said that it has happened. Things may go different this time and not going exactly the way it went in the past. Selling the peak is a choice but buying the dip isn't but an investors deal for better future profit, you can hodl more coins with dip .

I'm selling because it's a great opportunity to make a good profit, besides, I believe that the market will not go uptrend for so long, just like in the past, we will experience a major correction that would likely result in some heavy dumps. I follow the trend, a very simple strategy of mind that I find useful and effective until now.

It is always buy the dip, sell the peak and $100k is a peak for a short period fo time.

100K is a very special price I doubt the bitcoin price can get to that point on this year ,because more people will take profit on 80K ! dunno just my thought ,but if the price in december got to that point I will be very happy because with that condition more and more adoption investors will push to 500K or maybe 1M more in the future

I'm of the long term HODL camp, I dont really mind what the Bitcoin market does
short term eventhough its interesting to see how the markets move.

There are definitely those who advocate for selling the hoghs and buying back at
the lows, I'm not skilled to know when or have the conviction to take the gamble.

There are those who cannot see six figures, I dont belong with them and there are
those who think its different now, the investment profile is different and populated
by long term HODLers, like myself.

I voted #3

To be honest, I'm expecting 100k but with a trader's mind I think I'll sell some if by chance it will be hit, profit is profit. Yes, we know there are many players this time and that's the difference from past bull season, we may say many will bet that it will goes up but there are plenty of reasons as well that there are huge manipulators by now, just my opinion. It's totally subjective on every individual but a poll will be the basis here.

Well, it doesnt matter to me if next month is already the end of the year or a time to judge whether you would sell or continue to hold. We cant connect the situation few years back to the current situation now because its different. It might have similarities especially during the month of December but still its uncertain.

In my case, my reason to sell is if the price already reach my target price or im in need because im short financially. So regardless of what will happen next month it will depend on my situation (as I mentioned the two reasons why I will possibly sell). I voted for number 3, though certainly the price wont always increase consistently but still, im bullish that we can reach another ath again even it might not happen this year.

100k is a conversation that is always present in every prediction and maybe that's what most people expect because most likely their target is 100k, to make a profit of 3 or 5 times the price before they bought it.
and I'm still very optimistic that the price target that most people expect will be reached by the end of December as a lot of positive news about bitcoin is popping up, which looks like the positive news about bitcoin will continue and pump it up. so I think don't be in too much of a hurry to sell it and be patient.

I don’t think it will break $100K at least in December. Many markets including stocks like Tesla are just way way over extended. Look how much the SP500 went up last month something like 15% which is just not sustainable.

I was originally thinking BTC might top in the $70-80K however, it’s possible it might top maybe somewhere in the $90Ks however I don’t think it will break $100K.

There are way too many people who want to take profit at that level, especially the people who bought in at $20K about a year ago. They will be taking profits and it’ll be tough to break $100K in one go.

every move is an indication in the next trend and sometimes it reverses to pump....
but for now maybe still not the time....
of course...!!! 2017 is a historical value that should be remembered as glasses in the next year...
Taking some is the wisest thing because the long term is more than what you can imagine

I don't think the bitcoin bull for 2017 was only in December but maybe it got to the highest height at that point, the bull for 2017 started early and steadily increasing to December. But for this year I'm not going to expect the same kind of movement to happen and that won't be a reason to sell in December. The selling may be for need but not that continuous hodling will be bad because the price will still appreciate in the long term.

I'm not a "HODL until you die." type of Bitcoiner,so yes.I would sell some of my BTC,but only if the price starts dropping severely.I'm not obsessed by a 100K Bitcoin price by December.I don't expect this price to happen in 2021.If the current price drops below 60K,then there's no point for me to HODL.I would sell and I would wait for the bearish market to hit the bottom,so we could all buy cheaper Bitcoins.
I know that may actions would qualify as panic selling,but I don't care.This is just a rational decision.
A 100K USD Bitcoin price is not a magical number and December is not a special month for Bitcoin.
I simply don't get emotionally attached to numbers and months.