What will you do when Bitcoin reach$20k?

onrise

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Quote from: sarmrakib on August 21, 2020, 08:11:55 AM

I have bought a few bitcoin when the price was dropped deep .I think i am so lucky now to have few btc and i just wanna sell it on 25k$ .I am just holding it never wanna sell it below on 20k$ .I hope the price will go nearly 20k$ on this year .Now lets see how market act with us.

I had also bought it when it had fallen in recent times and had some short terms investment as well. So on that if it crosses 20k then it achieves my short term goal. Till that time, it is a good to invest and hold back your coins for the prices to reach ATH.

Saisher

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Quote from: jonathan6655321 on August 03, 2020, 01:23:54 AM

Do you have a price in mind than when bitcoin will reach it, only then you plan to sell?

The market goes up and down and there's always opporunity when it goes down and when it goes up, I don't have exact price on when I want to sell my shares, I sold it everytime I have 2 to 5% profit because there's always opportunity again when the market goes down again, the only problem is the time, sometimes it took a lot of time to make profit, you need to be patient to sell at the most profitable time.

kotajikikox

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Quote from: jonathan6655321 on August 03, 2020, 01:23:54 AM

I was in the market few years ago when bitcoin almost reached $20k. I wasn't acting then (hodling for few years already) and I think a lot about when I should act next.

I wonder what other people who hodl bitcoin for few years plan to do.

Do you have a price in mind than when bitcoin will reach it, only then you plan to sell?

Depend on our own desire about the investment we put here.

Like those Long time holder who holds for like about more years?specifically those who Bought Bitcoin in early 2010 to 2017 when the Bullrun happens?some of them becomes instant Millionaire or even Billionaire as well.
But if your main target is to double or triple your money then Buy now and sell when 20,000 reached the price.

pilosopotasyo

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Quote from: jonathan6655321 on August 03, 2020, 01:23:54 AM

Do you have a price in mind than when bitcoin will reach it, only then you plan to sell?

I don't have an exact price in my mind where I want to sell my coin, after seeing how Bitcoin performs during the pandemic I've planned to Hodl as many as I can just praying that I will not be in an emergency situation, where I have to trade my coins , I'm on accumulation stage I trust Bitcoin more than ever because of how they recover after the news of pandemic broke out, other markets are still struggling.

naikturun

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some people still holding bitcoin since last bull 2017 and cannot sell them at this time cause still lose, i dont mind if bitcoin reach new ATH at this year or next year.
but it will not effect many to me, because im only holding crypto in small amount. Cry

KnightElite

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Quote from: Distinctin on August 18, 2020, 08:27:41 AM

Quote from: thecodebear on August 17, 2020, 11:44:51 PM

...
close to $100k in the next 6 months to a year.

That was a very optimistic mate because even we have the Bullrun this year or even next year, it is really hard to achieve that price. I'm not actually a bearish person but I'd never think that was close possible to happen.

I know the market is unpredictable but it never looks like that in a real situation. I'd rather have to think for $50k than thinking for $50k because it finds unrealistic.

Anyway, I'd respect your opinion and everyone could make his own, maybe I was not a very optimistic person far different from you. Grin

For me it is also unrealistic, that kind of prediction are creating hype not only in the forum but in every crypto community. Why would you predict that the price can go up like that if the current price is still consolidating at the $11,000 levels. The bull run is currently happening and the price is continuing to grow but it is not good to expect that the price can go up $50,000 or more easily because remember that there are area of value that the price should overcome it and there are a lot of resistances ahead.

boyptc

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Quote from: plr on August 28, 2020, 09:37:33 PM

I will sell some of it this is my profit level and I will continue to hodl it, the biggest question after we reached another all time, can it sustain it or there will be a long correction because people like me will sell after it reach another all time high, all time high is an achievement but maintaining is much more big achievement.

There will always be a correction during the all-time highs. Set yourself and don't be caught too greedy if that happens so you can sell at the right time.

And if it starts to correct, you will have a budget to spend on buying at lower prices. Rinse and repeat the strategy and you can make quite a considerable amount from it.

blckhawk

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$20k worth of Bitcoin is pretty much decent number I'd say there's a chance that I would sell a couple of it while the rest will still be kept. I still planning to accumulate more Bitcoins and hold it because I do believe that it will grow even more compared to that price. I once experience that $20k worth of Bitcoin and for me, it was a really big profit for me way back then it really fired me up and sell some of it. Learn to enjoy your earning sometimes.

Hypnosis00

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Quote from: wxxyrqa on August 26, 2020, 12:41:45 PM

I think we should wait and see exactly what results next year Bitcoin will show after the 2020 halving , given the results of the first two halvings. Given the above, I would not want to sell Bitcoin when the price reaches $ 20,000, as Bitcoin can run significantly higher.

A worth to wait, dude...
Not all bitcoin holder's can afford to hold if they saw already that market reaches its peak, they surely sell it and buy again once it drops. Hope you will keep your words and not be like the others who easily got into FOMO once they saw the price tends to drop after reaching ATH.

For sure I was guilty of this (selling when the market is high), but I want assurance and I don't want to miss the chance again as it happens last 2017.

carriebee

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Quote from: plr on August 28, 2020, 09:37:33 PM

I will sell some of it this is my profit level and I will continue to hodl it, the biggest question after we reached another all time, can it sustain it or there will be a long correction because people like me will sell after it reach another all time high, all time high is an achievement but maintaining is much more big achievement.

This is the most question if btc reach $20k we don't know yet if that's the Ath or the peak price. We can sell some and continue to hold. Well, we have different moves on what to do on our bitcoin once it reaches high in the market. As long as you earn profit it is good for having bitcoin.

plr

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I will sell some of it this is my profit level and I will continue to hodl it, the biggest question after we reached another all time, can it sustain it or there will be a long correction because people like me will sell after it reach another all time high, all time high is an achievement but maintaining is much more big achievement.

peter0425

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Quote from: jonathan6655321 on August 03, 2020, 01:23:54 AM

I was in the market few years ago when bitcoin almost reached $20k. I wasn't acting then (hodling for few years already) and I think a lot about when I should act next.

I wonder what other people who hodl bitcoin for few years plan to do.

Do you have a price in mind than when bitcoin will reach it, only then you plan to sell?

First if you invest money here that you can risk losing meaning amount that is not part of your expected money to lose?then these problem will never occur.
Holding Bitcoin is the best way to make money here,though you need to let go od the capital and just wait for the target price for selling.
In this case you will save your self from stress and you will save your eagerness when there is a sudden fall.

Free1bitco.in

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actually, at this point i don't have bitcoin anymore. however, I think, any increase in bitcoin price reaching $ 20k will have an effect on the altcoins. It's just that I can't make that decision at this time, because I think new ideas will emerge when the bitcoin price reaches that price.

Twinkledoe

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Quote from: wxxyrqa on August 26, 2020, 12:41:45 PM

I think we should wait and see exactly what results next year Bitcoin will show after the 2020 halving , given the results of the first two halvings. Given the above, I would not want to sell Bitcoin when the price reaches $ 20,000, as Bitcoin can run significantly higher.

As for me, it really depends on my situation at that moment. If I need the money badly, I guess I will sell but if not, I will hold as long as I can. For as I believe in bitcoin, and its capability to rise in the next coming years, it is better to hold as long as I can. But that is my take on this situation. But it depends on everyone's priorities. Decide on your own and follow your instincts.

wxxyrqa

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I think we should wait and see exactly what results next year Bitcoin will show after the 2020 halving , given the results of the first two halvings. Given the above, I would not want to sell Bitcoin when the price reaches $ 20,000, as Bitcoin can run significantly higher.

Renampun

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Quote from: sarmrakib on August 21, 2020, 08:11:55 AM

I have bought a few bitcoin when the price was dropped deep .I think i am so lucky now to have few btc and i just wanna sell it on 25k$ .I am just holding it never wanna sell it below on 20k$ .I hope the price will go nearly 20k$ on this year .Now lets see how market act with us.

a good decision if you sell it when it is making a profit...
the next big bullish, Bitcoin is predicted will fly to more than $ 25k. I personally wouldn't sell my Bitcoin, if the Bitcoin price didn't break $ 50k.

enhu

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you'd have to check the chart first before doing anything or else you will lose opportunity. reaching up to $20k doesn't mean its also the peak this time. The market has changed a lot and $20K is not like its the ATH still. Speculations tells us it could be $100K so you better not sell because if this is adoption in the process, it would be hard to tell which one is the overbought level.

I might just hold still just as I did since the past bullrun. If I experience the long bear marketcap again then so be it.

wxa7115

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Quote from: Spaffin on August 25, 2020, 08:48:45 AM

Undoubtedly, when Bitcoin prices reach historic highs, many ordinary investors will sell their coins in order to make big money thanks to the prevailing circumstances in the market. But I am confident that there will come a time when no Bitcoin owner will sell their BTC to get a lot of fiat money. Perhaps already in the near future, Bitcoin will reach its historical maximum and be stable, which will lead to the fact that Bitcoin will be used not only as a valuable asset, but also as a safe haven for their savings.

This is not out of the realm of possibility, but we will need very specific circumstances for that to happen, in short we will need that people lose confidence in fiat currencies and they look for a store of value, many will use gold as a way to protect themselves but many will use cryptocurrencies especially bitcoin to try to reach the same effect, at that point people will begin to use bitcoin as a currency as most likely the inflation that we will be suffering will be skyhigh.

And as such no one will want to get rid of their bitcoin however I'm not so sure this scenario is going to last that long because at some point governments will do something to try to stabilize their currencies and then people will go back and adopt currencies backed by governments once again.

Spaffin

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Quote from: bitzizzix on August 21, 2020, 09:41:42 AM

Quote from: sarmrakib on August 21, 2020, 08:11:55 AM

I have bought a few bitcoin when the price was dropped deep .I think i am so lucky now to have few btc and i just wanna sell it on 25k$ .I am just holding it never wanna sell it below on 20k$ .I hope the price will go nearly 20k$ on this year .Now lets see how market act with us.

Everyone will do the same to buy bitcoin when the price drops and sell it when the price rises on target and is profitable.
but sometimes this desire is not in accordance with reality because the price of bitcoin can change suddenly, and making a long-term investment in bitcoin is the most appropriate choice because it is not affected by the movement of bitcoin when it falls and is just waiting for the bitcoin price to rise high to sell it back even though have to wait a long time.
and in my opinion, the current bitcoin movement tends to increase even though it is slow and there is a possibility that it will continue to rise slowly until it reaches the highest price, let's see it until the end of this year and hopefully as expected.

Undoubtedly, when Bitcoin prices reach historic highs, many ordinary investors will sell their coins in order to make big money thanks to the prevailing circumstances in the market. But I am confident that there will come a time when no Bitcoin owner will sell their BTC to get a lot of fiat money. Perhaps already in the near future, Bitcoin will reach its historical maximum and be stable, which will lead to the fact that Bitcoin will be used not only as a valuable asset, but also as a safe haven for their savings.

bitzizzix

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Quote from: sarmrakib on August 21, 2020, 08:11:55 AM

I have bought a few bitcoin when the price was dropped deep .I think i am so lucky now to have few btc and i just wanna sell it on 25k$ .I am just holding it never wanna sell it below on 20k$ .I hope the price will go nearly 20k$ on this year .Now lets see how market act with us.

Everyone will do the same to buy bitcoin when the price drops and sell it when the price rises on target and is profitable.
but sometimes this desire is not in accordance with reality because the price of bitcoin can change suddenly, and making a long-term investment in bitcoin is the most appropriate choice because it is not affected by the movement of bitcoin when it falls and is just waiting for the bitcoin price to rise high to sell it back even though have to wait a long time.
and in my opinion, the current bitcoin movement tends to increase even though it is slow and there is a possibility that it will continue to rise slowly until it reaches the highest price, let's see it until the end of this year and hopefully as expected.

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