It is weird to see people give up hope this quickly. I mean yeah sure I do expect it to be 100k or more by the end of the year, but that doesn't mean that I am going sell just because it is not there. I will not sell until it is under 20k, even at 20k I am still in profit because I bought at lower level and my average reached to 18k (even though my first was at 6k, I bought some more later on) so that means at 20k I am still in profit.
I doubt it will ever reach under 20k ever again in the future. That means I am going to keep my crypto forever until I want to sell and get out forever and that will not be because of any price, it will be because I want to get out.
Topic: [Poll] If this happens, is it time to sell your Bitcoin? - page 4. (Read 484 times)
With some people starting to talk about double tops and calling Bitcoin’s ATH in the rear view, do you think it’s time to sell if we don’t see the stock to flow $100K target hit in December?
Selling because the target hasn't been met wouldn't make much sense to me, it'd confirm the model to be wrong and for "this time to be different". This could mean another 50% shakeout, sideways trading or similar, before a continuation of the bull market rather than a multi-year bear market. Not reaching 6 figures (or price not having a blow off top) would be one of the few reasons not to take profits at the end of the cycle, similar to in summer there was no blow off top despite price going parabolic. The 50% drop became irrelevant, because it wasn't indicative of a cycle top, or just looked like 2013 all over again.
With other bubbles in 2013 & 2017 being in December, do you sell next month no matter what happens?
Not quite, the time-frames are slightly further extended than 4 years, ie 49 months rather than 48. So more like Jan/Feb is selling time imo, not December.
Previous highs were late November 2013, then late December 2018, so late January 2022 makes more sense to me at a minimum, or February.
Is it different this time? Will there be no bear market?
Not yet and therefore no. What goes up must come down, eventually. Unless something different happens this time around, like no parabolic move or blow off top.
I have no intention of selling my BTC because I am a long-term holder and because I personally believe that $60k is a trifle of what 1 BTC will be worth in 5 years or until the end of the decade. However, on the other hand, a simple question arises from the dilemma of whether or not to sell at the end of something that according to previous patterns can be considered the end of a cycle.
This is a question to which we do not know the answer at the moment, but surely a lot of people are thinking about it - not only those who are thinking about a strategic exit, but also those who expect a lower price to invest. I still think that the situation is different from the one from 2013 and 2017, primarily because we have a much stronger base of retail investors with the addition of companies and wealthy individuals who are partly responsible for this price we have today. In addition, the first ETFs have been approved in the US (as well as some other countries), which gives us hope that there will not be such drastic corrections as has been the case in the past.
In the end, however, we should not forget how unpredictable Bitcoin is, and that we are on a speculation board
This is a question to which we do not know the answer at the moment, but surely a lot of people are thinking about it - not only those who are thinking about a strategic exit, but also those who expect a lower price to invest. I still think that the situation is different from the one from 2013 and 2017, primarily because we have a much stronger base of retail investors with the addition of companies and wealthy individuals who are partly responsible for this price we have today. In addition, the first ETFs have been approved in the US (as well as some other countries), which gives us hope that there will not be such drastic corrections as has been the case in the past.
In the end, however, we should not forget how unpredictable Bitcoin is, and that we are on a speculation board
There is no specific time to sell bitcoin, there is nothing also bad to hold bitcoin for life time and let your children inherit it. You will see your asset grow over long term. With the wealth distribution in the world, $1.2 trillion marketcap is still small for bitcoin. Let us expect more all-time-high over long term period. But this is not in accordance to those that need money for something important, but for those that are not making use of their fiat can just take it to bitcoin and hold.
OgNasty, but you know this obvious truth.
OgNasty, but you know this obvious truth.
With some people starting to talk about double tops and calling Bitcoin’s ATH in the rear view, do you think it’s time to sell if we don’t see the stock to flow $100K target hit in December?
With other bubbles in 2013 & 2017 being in December, do you sell next month no matter what happens?
Is it different this time? Will there be no bear market?
With other bubbles in 2013 & 2017 being in December, do you sell next month no matter what happens?
Is it different this time? Will there be no bear market?
Jump to: