to be honest i think the highest we will reach will be $30,000 in 5 years, it seems more realistic. I also don't believe in these absurd $500,000 even if it was 50 years from now
I would consider selling at $20,000 and then expect to fall to buy again and sell at $30,000 again.
I think you’re dreaming too high, don’t have any chance of the price reaching $60,000, I think it’s impossible
Well that is a very bearish view I must say. Did you also think 2017 was only going to go to $2000?
Basically you're gonna sell at $20k, right as the market is starting to heat up, watch it go up a few hundred percent from there, kicking yourself the entire time. Just like anyone in 2017 who sold when it got back over $1000.
I suggest checking out previous bull runs if you really think it is only going to go a little bit higher than the last market cycle. At this point in the last cycle the price was like $700...and it went to $20k. So thinking the price won't do much more than double from here, is, well, a bold prediction! If you're happy with selling at $20k then that's cool, but I think for most of us we don't want to sell just before the main bull market begins, cuz that's kind of the worst time to sell.