2 bad years at 4 year intervals. Possibly halving related? If the pattern holds then the next bad year is still 2 years away.
365*2 = 730 Days ---- Enough time to cash some profits if we reach magic numbers with in 600 days----
Problem is, we most probably
won't cash out when it reaches $100k. Hardened by the previous cycle, we'll stoically watch our corn plummet to only $30k, upon which time it will be declared dead, weak hands will sell, some of us will get wrenched, the rest of us will HoDL (because we're HoDLers) until 2026 when it reaches $1M. We
might sell some at that time...
I am selling some % at 100k range as i am planning kid and then i might get married in couple of years, hopefully in correct order
Joke aside, It depends on the individuals and what their lifestyle or goal is. I am speaking for myself (Shout out to @jojo
) I am salaried person and big percentage of my salary comes in BTC. In the last 2 years i only cashed out like 3 times so i gotta cash out some at 60k-100k (Will try to hit few goals by following JJG's guidelines with some tweaks) just for my peace of mind as i don't want to regret anything, my soul is too young for any regret
. Already mentioned few times so some might remember that i entered very late (China fud -2017) in this game and luckily sold the top during the last bull run so i am in accumulating mode religiously since then.
Already bought back everything last yearI agree, it depends on the individual. For me, $100k is beyond Moon, and closer to Mars. So I will definitely cash out
some of my stash, mainly to buy equipment for my home electronics laboratory (childhood dream), and also to enjoy life (nothing major, just carefree lifestyle, travelling, not worrying about cost of living). No Lambos for me, never fancied them, never dreamt of owning one. A decent standard car (which I already own) is good enough for me. I could quit my job, but it's a job I enjoy, and a job that gives me the satisfaction of doing things that I could not do otherwise, so I don't think I'll quit. Not yet anyway.
The main thing for me is for Bitcoin to keep rising, or at least stay close to the $100k level in the long term, and not plummet to zero suddenly (which it won't, but nothing is certain in this life, and enemies are always lurking).
Agreed, but even if you really like your job you enjoy it and it's more like a hobby to you, remember time is money and your employer is just buying your time. Time you spend with your family is the most precious thing money can buy (arguably, I know, there are people here who think differently haha roach). After you'll achieve FIRE (financial independence, retire early) via Bitcoin you could just spend some time on hobbies or charity but most of the time with your loved ones.