Topic: What will you do with bitcoin? - page 6. (Read 1020 times)

There are only 2 options.
1. You either choose to HODL it even though the bull run already started because your target selling price didn't reach during that run at all.
2. You will sell your coins during the bull run, and wait for the market to go down again so that you can buy more Bitcoins in a bear market. I mean that would be better than the first one for me.

I will sell when the bull run comes.

I don't know where I read this quote, but it says "Don't fell in love with your assets". What does that quote mean? Don't fell in love with your assets that you are willing to hold it forever. Know when to sell if needed especially if the bull run comes. Don't miss the opportunity to take some profits during the bull run. During, and after the bull run, you have 2 opportunities. Opportunity to sell your holdings and take some profits, and opportunity to buy again after the bull run since after bull run, bear market comes.

Speaking of opportunities, I will just share probably my biggest mistake here. Bull run in 2021, I'm looking at how the market went up during that time, and instead of selling most of my holdings at that time, I choose to hold it still until 2022 comes, and all of my unrealized profits are gone. Cut the story short, I learned after that time that I should sell my token holdings when the bull market comes, and I will do it when the next bull market happens. I hope that some here will do the same as well.

Target price of $70,000? $80,000? That might've been so conservative if you will ask me. I believe that in the next bull market, Bitcoin will reach the $100,000 price per Bitcoin for the first time in over a decade of it's existence.

We all know what the future of Bitcoin will look like and where this virtuality will go. Surely Bitcoin will move to a position that no one could have ever imagined. We have seen how the Bitcoin market has grown and its value has reached its highest level. But at the current position, the price of Bitcoin certainly has the potential to double again. And all investors think Bitcoin will one day go to the moon and become a bull market.

I will not sell bitcoins even when the bitcoin market reaches $70k to $80k. Because I think Bitcoin will hit $100,000 and it's going to happen very soon. There is a special discussion about this in the various central banks that will ever increase so much. However, the current position of the market is definitely the right time to invest, so I think it is necessary to invest and hold Bitcoin. And when the price of bitcoin reaches its peak, sell bitcoin and then reinvest again when the market bears.

Let's say Bitcoin touches a new All-time High. That doesn't mean it is over. Bitcoin price will grow over time. You cannot predict where it will end. You cannot say that 100k is the most pick point and it can not pass this range. The scarcity of Bitcoin will increase and it will affect the price of Bitcoin. If Bitcoin touches my desired price, of course, I will cash out some profits. But, I will still hold a portion of Bitcoin so I don't miss further pumps. Also, sometimes I have to use Bitcoin as a payment method for privacy and security reasons. So yeah, I will still hold Bitcoin no matter how big the price becomes.

Yes, I think Everyone Needs a Picnic here . Meaning Taking a little time with your family for a well-deserved vacation is also a great way to reward yourself for the hard work you've put into investing. Planning is pretty smart in my opinion and I'm glad to hear that you have a plan for your Bitcoin investments and that you prioritize financial responsibility by using the profits from BTC to pay off your student loans.

I think one day for sure the price of bitcoin will be high because the supply is limited to only 21000000.
so I personally will not sell btc at a low price and I will only sell btc above $ 200k but according to my predictions btc has the potential to be more than $ 200k in the future.
and hopefully in 2023 the price of btc will quickly increase.
but we also have to prepare mentally so that we can with hold btc for the long term and the future.

If the price of Bitcoin increase to $70,000 or $80,000 this year, I will not sell than to continue holding till the price hit $100,000 before I can sell to carry out my plan which I know that the income I will achieve at the moment will help me to create many businesses in my country. Based on what is happening in the market now, showed that the price of Bitcoin will continue to pump higher until the price reach the level where traders will begin to trade their Bitcoin to make a good income. It will be favourable to those that will continue to hold with confidence till the price of their choice appear in the market before they can sell to smile.

Think about it as any other "reasonable" investment. Stocks, real estate, gold... Unless that's your main source of income, people usually don't buy to resell when it increases in value.
It is actually a way to diversify your wealth against several risk factors, creating a solid portfolio and maybe a retirement plan.
What usually happens with these portfolios: They change, maybe swapping one asset to another, cashing out some, or adding on some.

I personally believe, if you understand the foundations of Bitcoin, you would never want to sell all/most of your holdings, unless you are really in a financial crises that doesn't leave you any other choice.

It's a good thing you're asking yourself this questions now as it means you're preparing yourself so you'll know what to do in the future when Bitcoin price increases and not rush into followings the crowd to do what they'll be doing when Bitcoin reaches high price again.

I won't sell because $70k is just a tip of the price that Bitcoin can go, we're looking at a more higher price in the bull season because Bitcoin always increase in a very big way whenever there's a bull market so I'll be looking at prices of $150k.

Before investing, you should know your sell target and what to do with the profits you're making, You can decide to sell some portion of your Bitcoin and do other investment that can be used to bring in steady income when the market is very bad like in the bear market.

There is never an end to human’s need or necessity. I am 100% sure that, right now who are claiming that they will sell the coin at 80k usd, will themselves change color and will again claim to sell at high price. Bitcoins won’t suddenly jump to 80k usd all at once. It will slowly take the charge and will go up, seeing this steady growth of the coin many will greed and will hold it again when Bitcoins start the reverse gear. My plan is simple, these Bitcoins are rare, so I do not have any cashout plan. I will only withdraw these Bitcoins when I will be in need of money. Else these suit best in my wallet only.

it's your choice either you will sell or hold you bitcoin but mostly of us is if the target price we wanted was achieved then it is an opportunity to sell rather than you will regret for not selling it and what matters here is you don't have to be greedy that much you can still buy if the price will go down again and hold it for long.

I sold my bitcoin when it was at 60k during the season when it went up to $69k. After that when the market came down to around $40k I invested again in Bitcoin. That bitcoin investment is what I left until now. If my next target bitcoin hits $100,000 in 2024 I will sell my bitcoins. But I won't let go of my investment even if I go between $70k and $80k. I will give up my bitcoins as soon as I see the halving in 2024.

Honestly, yes. I am not a very long term holder. I am waiting for the next bullish era. I am holding Bitcoin tightly and adding more accumulation to prepare for the next bullish. This is my goal target on Bitcoin.
After selling in the next bullish, well, I am just waiting for the next bearish to get more Bitcoin again 😁
If related to in what rate, I think that selling will be better in several stages. Not all in one rate, but it will probably start on $70k, then $75k and others, depending on what kind of market price at that time. I eill not be greesy anymore like previois bullishbseason by waiting for much higher rate for all in..

The answer to your question is simple, I will tell you that I often read it here in this forum. When you are long-term investors, you should know how many years you will hold it? or you should know at what price you will sell the bitcoin you hold.

     Apparently this is what is called when you have a timeframe plan for when to sell bitcoin. It's not that you just feel the movement of the market. It's hard because you don't know when you'll sell the bitcoins you hold.

If I have holdings at a specific price, I will sell 80% of my assets. Some people in this thread have stated that they will hold all their assets if the price reaches a new all-time high, which I believe is a bad idea. Logically, investors who buy roughly $60k of their crypto  are mostly still holding them and waiting for the price to go back to their buying price before they selling it off. It suggests that there are a lot of sellers at that price, which is why holding the assets at that time is not a good idea. It's better to take the small profit than none at all.

From a simple calculation of Bitcoin, we can get an idea of the upward trend of Bitcoin. After 21 million bitcoins no more bitcoins will be created. As a result, the price of Bitcoin will rise as a normal phenomenon. I plan to not sell bitcoin until it reaches the $100k target and I will try to hold it longer in the hope that it will be higher than my expectation. Every person has some big dreams which need to use big resources to fulfill them. I want to use Bitcoin to make my dreams come true and those big dreams cannot be fulfilled by any other assets except Bitcoin.

If anyone’s in need of desperate money to buy their own house or pay off their loans etc., Then it would be really dumb to not sell but If you aren’t in the need of money it’s best to hold it forever as long as you can , At the same time if I personally had quite alot of Bitcoin then I wouldn’t even hesitate to sell every last bit of it and call it Quits, There’s nothing more I’d enjoy than early retirement and travelling around the world without having to work a single day in your life and have unnecessary stress.

As for me, I just gonna keep holding it because I'm not holding a huge amount of Bitcoin and I'm only buying from a small portion of my salary every month. I think when the price will reach $50k again you will see lots of people will gonna sell it because they were the ones who bought it from the $30k+ last time. If people will not gonna bother about it and still continue buying after that, then the price will not only be limited to $70-$80k but it might gonna reach another ATH and that would gonna make noise all around the world once again.

Ha! Sell Bitcoin? What a joke! I plan to keep stacking those sats until the cows come home! Who needs retirement savings when you've got a whole stack of digital gold?

Sure, some people might think I'm crazy for betting the farm on a decentralized, deflationary asset with no intrinsic value. But to those people, I say: "Baaa!" (That's sheep talk, in case you were wondering).

So when Bitcoin goes to the moon (or Mars, or wherever), you can bet your bottom dollar that I'll be right there with it, stacking sats and hodling tight. Who needs a Lamborghini when you can have a whole herd of digital sheep?

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.

I think bitcoin  will surely hit 70k$ but we don't know when it will happen but whenever it touches 70k$ or 80k$ so I will surely sell some bitcoin because if I left overall bitcoin for further increase may be due to this greediness I loss my credit too so better is that sell some of it and then wait for the remaining for further increase.

Now we are just in wait for the huge return of bitcoin as we have heard about halving so definitely It will touches maximum price but not confirmed yet that it will be 60k$, 70k$ or some other value.