What will you do with bitcoin? - page 5.

wxa7115

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Quote from: crypticj on April 24, 2023, 11:51:32 PM

Hello guys!
Today I was thinking about Bitcoin and where it will finally go up. And I came to the conclusion that I don't really understand what is the right thing to do with Bitcoin after it will "go to the moon".

So I wanted to ask you all, what are you planing to do with bitcoin when it will go to 70k, 80k etc. Are you planing to sell it or you will keep holding it?
If you will sell it, at what price are you planning to do it?

Right now I do not have a price in my mind in which I would sell my coins, and the reason for this is simple, I do not really need my bitcoin investment at all, right now my plan is simply to try to hold for as long as I can, since the longer I can hold the more benefits I get by basically doing nothing.

Most likely my bitcoin holdings will allow me not only to retire early, but to do it with a quality of life higher than what I could have achieved without my bitcoin investment once I finally decide to sell, assuming that at the time I need to sell my bitcoin at all.

wahyuagung26

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Quote from: crypticj on April 24, 2023, 11:51:32 PM

So I wanted to ask you all, what are you planing to do with bitcoin when it will go to 70k, 80k etc. Are you planing to sell it or you will keep holding it?

We still tend to hold onto it when we are not involved in a big enough problem that makes us need funds to solve it or in terms of need factors where later we have to sell it, although not in large quantities. But so far even though Bitcoin is on a rising price chart we are still consistent in holding and holding it and doing DCA little by little.

Quote from: crypticj on April 24, 2023, 11:51:32 PM

If you will sell it, at what price are you planning to do it?

To be honest, this depends on the targets and needs of each individual user, as well as a person's mindset and the perspective of their use. But there are also Investors who target price and I personally sell when I am in a situation where I am forced to let go both for the economy and needs but I tend to target the price more.

Vaskiy

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Having bitcoin is same as having money in our wallet. What we do with our money, we spend on our needs and keep the rest for further needs. Meeting all the necessities we'll have money for our savings. This will be done with bitcoin, we've got multiple usage and that makes it to be used on various needs than just as an alternate to money.

Everyone earns to live and the earning gives you additional growth/loss while holding. Without doubt this serves better than money through its characteristics.

ilovealtcoins

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Quote from: crypticj on April 24, 2023, 11:51:32 PM

Hello guys!
Today I was thinking about Bitcoin and where it will finally go up. And I came to the conclusion that I don't really understand what is the right thing to do with Bitcoin after it will "go to the moon".

So I wanted to ask you all, what are you planing to do with bitcoin when it will go to 70k, 80k etc. Are you planing to sell it or you will keep holding it?
If you will sell it, at what price are you planning to do it?

70k-80k target is not my sell target, I will only sell when it hits 150k and I believe that will happen in the next bull season. I will sell all my bitcoins and buy a house and a car, give my wife some to open a small business for business, and some will be sent to my parents in retirement.
Then I'll go to work and earn money to buy back bitcoins when the market crashes again.

Bushdark

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Quote from: crypticj on April 24, 2023, 11:51:32 PM

Hello guys!
Today I was thinking about Bitcoin and where it will finally go up. And I came to the conclusion that I don't really understand what is the right thing to do with Bitcoin after it will "go to the moon".

So I wanted to ask you all, what are you planing to do with bitcoin when it will go to 70k, 80k etc. Are you planing to sell it or you will keep holding it?
If you will sell it, at what price are you planning to do it?

This is a strange question and I don't expect this kind of question from someone that has been in this forum for a while now. Whether we choose to sell it and make profit or we should to keep holding for as long as we want should not be inform of a question like this. This is a typical newbies question I have been seeing on different thread for so long and I keep seeing till now. I can't say what I will be doing with my Bitcoin if the price skyrocket to the previous high or exceeded the price.

DiMarxist

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Quote from: Ultegra134 on April 25, 2023, 02:00:46 PM

Quote from: DiMarxist on April 25, 2023, 01:21:15 PM

That should base on your satisfaction if Bitcoin reach $70k-$80k, if I'm satisfied by the price of bitcoin then I will sell it. And if I don't want to sell, I would be holding it until my satisfaction to sell I will sell, it's depends our goals, If
you really need the money, you might sell a few percent of your asset, but if not, you will probably wait for the target price. Well but it's depends the circumstances, however, depending on the circumstances, if the conditions for price development occur rapidly, you may continue to hold the asset you own, until your feel that an appropriate price has been reached.

To be honest, I'll be somewhat satisfied even somewhere between $50,000 and $55,000, which isn't even too close to the previous ATH of almost $70,000. The reason for this is because I'm trying to be as modest as possible, and my DCA is at $28,000, meaning that I'm going to be doubling the current amount I'm holding, which doesn't sound too bad to me if you're asking. There's certainly room for even higher prices within the next few years, but my main concern would be how to sell and cashout such an amount of Bitcoin.

We'll see, it's still way to early to make any assumptions. Hopefully, I won't need the money and they'll remain intact.

If bitcoin price was more higher than $55,000 then if at this $55,000 is not a satisfactory to those who met it at that time. But for those who were not at that time might okay with the $50,000- $55,000. For me, even the present price is okay because I could remember when I buy my first bitcoin in the early January. And compare the price of bitcoin at that time and now. I can see the very big different. But the most satisfaction price has been stated in my previous comment.

GideonGono

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I am planning on holding my crypto as long as I could and until I had enough to buy the things that I want and need, actually the price doesn't matter for me if I have enough crypto to buy what I need and want then I would sell it to achieve my goals.
I didn't invest here to just hold it, I invsted in order to gain profit to achieve my goals.

hannahB4

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As you suggested if Bitcoin reaches 70k, I will sell 70 % and hold 30%. I will acquire some physical assets as an investment after which I will purchase another bitcoin when the market is stable for a while.

The Cryptovator

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As holders of Bitcoin, we set a price target for selling. If the price reaches a certain point, such as $70K, it may not be feasible to continue holding. Everyone has their own target, and personally, I aim to sell when the price is at least double what I bought it for. Afterwards, I wait for a dip to accumulate more. This is how I manage my Bitcoin portfolio. It's important to establish your own selling goal, as holding onto Bitcoin doesn't necessarily mean holding it forever.

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Quote from: crypticj on April 24, 2023, 11:51:32 PM

Hello guys!
Today I was thinking about Bitcoin and where it will finally go up. And I came to the conclusion that I don't really understand what is the right thing to do with Bitcoin after it will "go to the moon".

So I wanted to ask you all, what are you planing to do with bitcoin when it will go to 70k, 80k etc. Are you planing to sell it or you will keep holding it?
If you will sell it, at what price are you planning to do it?

The first thing to ask yourself is that why are you buying bitcoin?
Naturally people buying bitcoin for investment purposes and to make profits at the right time meaning if the price gets the certain level they wants they sells of without waiting for anyone else (opportunist). There are some people who have this long term investment plans which might likely hold for about 4 to 8 years to come knowing what would come out of bitcoin. I do manual trading (scalping) whenever the price gets to my projected points i sells of without waiting much longer, probably when the price drops i re-buy again maybe this time around planning to sell when it gains another ATH.

brother brother

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I will keep saving my Bitcoin for my future and goal aim, but if the most necessary need arises to important situation, I will sell some, by doing so, I am solving my problem and present need, what is it if I store or gather huge amount and I can't spend to help my life and situation, the only thing here is spend wisely and apply wisdom in every condition and situation you found your self, help your self from your efforts you have made.

Probably, no one knows tomorrow, you denied your self due to high profit while you are dying and suffering, please no one knows tomorrow.

Obito

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One thing you should remember is to never marry the bag unless you plan on holding on to it for a long time because that's what you are going to do when you try to ride the hype and you didn't sell at peak because you thought it's not going to go down anymore. I believe that the next bull for bitcoin will make it reach the 100k territory so that's my mark to sell and for now I plan to accumulate as much as I can while the price is still affordable and I can get more bang for my buck.

Dunamisx

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Quote from: crypticj on April 24, 2023, 11:51:32 PM

Hello guys!
Today I was thinking about Bitcoin and where it will finally go up. And I came to the conclusion that I don't really understand what is the right thing to do with Bitcoin after it will "go to the moon".

So I wanted to ask you all, what are you planing to do with bitcoin when it will go to 70k, 80k etc. Are you planing to sell it or you will keep holding it?
If you will sell it, at what price are you planning to do it?

I will invest and invest again from time to time, when there's bullrun and then i realized from the event, i will buy more and put back the money on the investment, there's this target that is common, once your buying rate is greater than your selling rate, then you have broken even, we will always keep our money on bitcoin investment because it's more profitable than the traditional money which inflation may alter it value over time.

aylabadia05

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Quote from: crypticj on April 24, 2023, 11:51:32 PM

So I wanted to ask you all, what are you planing to do with bitcoin when it will go to 70k, 80k etc. Are you planing to sell it or you will keep holding it?
If you will sell it, at what price are you planning to do it?

Almost every one of us has a different pattern or strategy in long term investing or in day trading.
For example, I have been holding and maybe I will release some Bitcoin when it reaches a new ATH price ^{[beyond the current ATH price]} because the target has been reached. Next, we will wait until the Bitcoin price decreases again.

For other people, maybe they have a different way to me. Maybe they will wait until the price reaches $100K.

Raflesia

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When bitcoin is at that price then indeed I will definitely do as I usually do by selling little by little from the profits I got from my previous purchases and DCA.
But in this case I will do it in a gradual way considering that all conditions can still occur there and of course taking some profits there would be good enough for me to do.

As for the rest I'm not really going to sell the whole thing because apart from wasting the initial capital on that, I definitely have even bigger hopes for the future. As for the proceeds from sales which are carried out in stages, I always set aside some to wait for bitcoin to be corrected or crash again, even though this is a little long and some is to be enjoyed as a form of appreciation for myself.

It may vary slightly but when it comes to what I do this is what I always do and I have done something like this a few times since I was in bitcoin a few years ago.

summonerrk

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Quote from: crypticj on April 24, 2023, 11:51:32 PM

Hello guys!
Today I was thinking about Bitcoin and where it will finally go up. And I came to the conclusion that I don't really understand what is the right thing to do with Bitcoin after it will "go to the moon".

So I wanted to ask you all, what are you planing to do with bitcoin when it will go to 70k, 80k etc. Are you planing to sell it or you will keep holding it?
If you will sell it, at what price are you planning to do it?

In order to answer this question, you need to understand why you are in the cryptocurrency at all. Bitcoin itself does not carry value, unlike fiat money. You can buy anything for them and solve any problem, so the answer is: when the price of bitcoin becomes about 80k, then of course I will sell it to buy again on the correction. Why keep it without selling it? I have already had a case when I did not sell at the maximum price. This is a mistake.

lovesmayfamilis

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Surely every person who expects a return on investment has goals. A one-time profit and its further spending will lose all meaning after the long wait for such a gift. It will be smarter to create your own business with the dividends received. So that later this business will either bring additional passive income or become the main occupation that can give you a free existence from other employers.

Adams0001

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You should follow your instincts. This is not the proper time. Always sell at a high price, never at a low price or when you are doubtful of 'how low it can go.' If you sold Bitcoin right now, how would you know when it had reached its lowest point?

Bazzu

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selling btc price at any price is the right of each,
and i also have bitcoin and i will invest it for long term.
but of course I will also sell my bitcoin, around 10% if the price of btc is at $85k and I want to enjoy the results of my investment for holidays and so on.
and I will save and hold my remaining 90% btc for the future, because we will not know the price of btc in the future and I hope that in the future the price of btc will increase more than $500000.

siniminomorocomunisakito

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Quote from: LogitechMouse on April 26, 2023, 02:32:42 AM

I will sell when the bull run comes.

True, Bitcoin has shown significant growth in recent years and has reached an all-time high and the cryptocurrency market can be very volatile and unpredictable. While there is potential for Bitcoin to continue to grow and even double, I don't think this is a 100% guaranteed result.

Also, if we look at it, some investors may have high hopes for Bitcoin and see it as a promising investment opportunity, especially since it is often said that the concept of Bitcoin will go "to the moon" and be based on a bull market although this is speculative thinking and optimism I think everyone is waiting for him.

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