Topic: What will you do when Bitcoin reach$20k? - page 4. (Read 941 times)

The fact is that this question can be answered ambiguously. In my opinion, everything will depend on how the cryptocurrency market stabilizes.And I very much hope that the cryptocurrency market will not experience such shocks as it did in 2018 and 2019. Since cryptocurrency is currently viewed as an alternative investment that will save capital for many companies due to the economic crisis, it is likely that attracting investment funds will only increase the value of Bitcoin. Based on this, I will consider Bitcoin as a reliable storage for my funds when it reaches $ 20,000 for Bitcoin and above.

Of course many really hope that what you say can happen, many who have held bitcoin for a long time, have waited long enough for bitcoin to move up high. because at that time many had held onto the results where a long time of waiting could be realized properly.

All bitcoin movements will of course be determined at the end of this year, because the time to get there is still quite a while, it is possible that while waiting for it, bitcoin may fall again. but there is no need to worry that bitcoin will quickly make corrections to bounce back soon until the end of the year.

My prediction for the end of this year is not from the end of bitcoin to increase, it can be ascertained that next year is the year when bitcoin will experience a sharp increase and can exceed its value when 2017. is valued at what price will bitcoin be achieved? there are still many predictions that occur with this assessment.

It varies from person to person if you ask me then I will consider about selling when the bullish trend starts to dump from the long greenish and the price could be 25K or 40K but I hope it will happen after new all time high.

As a trader if bitcoin touch the previous its all time high I'll expect the other all time high. Now, most of the trader just focus on bitcoin's price its privious all time high i.e $20.000 and after that if new all time high has been reached then there will be two option. One option the investor will see the market sentiment, they will decide to keep hold if the sentiment market is still good because they will expect the new all time can be reached. And the second option is they will sell it if the market sentiment is bad. Yeah, they will learn with the privious situation when bitcoin price touch all time high, its market still volatile and also the regulation from some countries still unclear againts bitcoin.

That's actually my approach as well

If you are well prepared and you are using spare money then you are good to go.

It's easy for people who have enough money to use separately  from their  investment.  You'll not be afraid
of whatever happened inside the market until your target value will be reached.

It's always good to have good reserve for much better target.

The worst mistake I can ever do is to sell off my bitcoin for $20k price. I would prefer hodling onto it for years, to see it arrive at $100k.
Am ready hodl on to my bitcoin assets, it doesn't matter how long it will take to reach her ATH of "$100k''.
Will highly be awaiting for $100k

I understand what you are trying to say but if you are seeing the market turning bearish and you have all the time in the world to monitor the market then you can book your profit when the price reaches a certain valuation and then plan on buying again when the market settles. I usually tend to do these kind of trades if i am convinced that the market would enter a bearish run to buy back again.

At the moment, I have everything I wanted. As a matter of fact, I need money for food and some other things for my life. Therefore, even when bitcoin reaches 20 k, I will not sell, but will hold, as I have been doing for several years.

I don't know. To be honest I haven't thought about it because I don't think this will happen so soon. I'll made the decision according to the situation at that moment. Maybe I will sell a part, maybe don't but that will not change my situation in dramatic way. Until then I will try to enlarge my Bitcoin portfolio as much as I can.

Probably a small dance and continue with my life.

Just sell some bitcoin is I need the money, otherwise I just hold it and wait till it really gets big.

I have no intention to sell according to price.

I plan to keep buying when I can and sell as little as possible when I must. The current price has nothing to do with it. In the long run, the price will keep rising despite short-term ups and downs.

Selling a significant amount at $20k would be as foolish as selling for $33 in 2013 or $1.2k in 2017.

For me it usually depends on the situation. It is just like the last time we reached an ATH price, I did sell just a part of my coins, but when I noticed that the market kept dropping too much I decided to sell my coins and wait for it drop to a low price and after it did I still invested back my money.

So, it all depends. If the price should go up again I’m going to be selling some of my coins for sure and then, if it shows signs that it will be crashing, I will sell the remaining ones and wait for it to decrease to the least price to buy back.

I believe Bitcoin will hit a higher high than in 2017. In 2013, after the 2012 halving, the value of the coin increased by 12,000%, and in 2017 - by 13,000%. Therefore, there is a very high hope that this time Bitcoin will adhere to the same tradition.

I will just reward myself for patiently waiting for the price to reach another all time high, but I will not sell everything I have because Bitcoin potential is still high and endless, but it's still depends on my needs now we are in pandemic, but definitely not going to sell everything, I do not want to regret later.

As of now I've got very small amount of bitcoin that's been bought for the purpose of trading. The same is being used on regular buying and selling. Possibly I'll sell what's available with me when the price reaches $20000. The price has reached the peak years back, and people are expecting the same to happen in the near days. While the price reaches $20000, I'll convert everything to USDT and further will buyback when the price drops again.

I have a feeling you'll be selling too early.

The way everyone and their grandma is expecting diminishing gains on the next cycle, I'm really beginning to expect the opposite. As far as multiples above the previous ATH go, maybe we should be looking between 2013 and 2017 (16x-36x), not simply assuming the next cycle will be much smaller this time around.

That is a good idea to be financially free with or without bitcoin because if we can do that, I am sure that we don't need to wait for bitcoin to touch $100k. Yes, I agree that we must learn how to get more income sources so we can earn more money, which we can convert into bitcoin, so we will be ready when bitcoin price touches $100k. I am sure that many of us are still trying to have more bitcoin in many ways, and even I am sure that many people are trying to make money and convert it into bitcoin. Bitcoin price will reach $20k again, and I am sure the price will be more than $20k in the next bull run, so what we need to do know is saving more bitcoin.

Try to be financially free even BTC is not yet at 100k usd. It will took alot of time when BTC can reach such amount, so better learn to budget and create sources of income to achieved financial freedom. Working while investing can help us to achieve this goals. I also regretted not selling my BTC year 2017 but I was able to quit my job that time thru trading and now Im finding ways to do business while investing in BTC. If ever BTC reach 20k again,I will expand my business hopefully.

Yes this exactly. $20k is when the bull run STARTS getting interesting. Everything up until $20k is just the warm-up part of the bull run.

Personally I'm looking to start selling my long term bitcoin once it goes a bit north of $50k and have most of it sold by like $80k. Probably keep one to sell at $100k if it goes that high this cycle just so I can say I sold one for 6 digits. This way even if the bull run stops earlier than I think, and stalls out at like $60k, I'll still have sold a few in the $50,000s. So when Bitcoin hits $20k I'll be thinking "sweet, now I will likely be able to sell within the next year when it goes several times higher". NOBODY should be selling long term bitcoin at $20k - that was the last peak, so that would pretty much the most regretful time to sell because that means Bitcoin is likely about to go on an exponential run of several hundred percent. I think anyone who is targeting $20k is fairly new to crypto and hasn't even studied the price history of bitcoin.

Like, I sold all my bitcoin (like a dummy) in 2015 at like $250 or something because I was like oh I guess the bitcoin experiment isn't going anywhere. Then I started buying back in at $1300 in April 2017 because I was like crap it's back to the old peak, that means bitcoin is back and its about to start really moving. The old ATH is not the time to sell, it is the time to buy if for some reason you haven't been accumulating for years already.