Topic: What will you do with bitcoin? - page 7. (Read 1020 times)

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.

That should base on my price target, $70k,$80k are not my selling plan target, infact I don't have any plans of selling my bitcoin investment very soon but I want to keep holding it for a long term at least 7years to come.if I have more funds I will keep accumulating Bitcoin even the price  is more than $80k


If possible Bitcoin price clock $200k  this coming bull run I may sell some portion, and If I encounter any problem that demand of selling some portion of my Bitcoin investment to solve the problem I can sell at any price to solve the problems but I don't pray for such thing to happen. I am accumulating Bitcoin for a long term profits and my privacy.

What to use more money for should not be hard to tell, bitcoin will get to above $80k next year, you have to be planning for investment and what you will do with the money you make from it. My investment between now and next year on it will be around $30k, it is not small and when the money can be multiplied in 5 times, it will be good. I will buy land and fix a automobile factory that my dream has been calling for years.

Bitcoin isn't going to the moon or sun, when it's rises the value increases and this occurs when there's bullrun, knowing that bitcoin is a volatile cryptocurrency that the price value rises and falls but many people targeted the bullrun in other for them to make profit fro their investment, you may have your own different purpose for holding bitcoin, maybe as your preferred currency or for holding your assets to retain their value or for a profitable investment either ways.


Definitely one cannot keep on holding bitcoin for life, but when you invest, hodl and sell then you take your profits and return back the money on the investment, you also need to understand the right timing for buying and selling

The Joy and dividend of an investor are to get a good return on investment. The bitcoin market is a market that you cannot categorically predict the rise and the fall, but we should know when it's safe to know what to dispose or keep.
When an investment has generated a reasonable increase over a period, then it is good to dispose but if there's no use for the coin, it can be reinvested.

Well, the first thing you should do when Bitcoin goes to the moon is smile  , of course! what we will do with our Bitcoin investments ultimately depends on our goals. Do we want to use it for daily transactions, Hold as a long term investment or Diversify our portfolio. I think the possibilities are many and unlimited.

Hard to tell what will I do if Bitcoin reaches its price of $70k or $80k because there might be times, I will let my holdings in my wallet just for a few moments even if it reaches its peak because I might not need it or I don't feel yet converting it. So I might just hold my Bitcoin for a moment, or I will make a target price of it on what price should I sell it depending on its movement or its charts.

Everyone has different investment strategies, some might choose to hold while others might choose to sell. To answer your question, first bitcoin cannot suddenly skyrocket in price to $70k or $80, it has to gradually build in price to the the above mentioned which would take some time, so I need to understand the market if I can still hodl, hoping that the price would appreciate further or sell and wait for a dip to invest again.

Personally, I'm targeting a price of $100k. however, if the price has even reached $70k or $80k, I will probably sell off bit by bit to make a profit. However, it all depended on the conditions at the time. If I really need the money, I might sell a few percent of my asset, but if not, I'll probably wait for my target price. however, depending on the circumstances, if the conditions for price development occur rapidly, I may continue to hold the asset I own until I feel that an appropriate price has been reached.

The current price of Bitcoin is around 30k. If bitcoin ever reaches 70k or 80k I will decide to sell.70k and 80k huge amount which will give double profit from current price. I think it is not right to expect more than 80K profit.When the price rises, it is not wise to hold it, it is better to sell it. Then it is better to buy altcoins as an alternative investment. So there are no plans to sell bitcoins at current prices.As the possibility of Bitcoin going into a bull market is high, I would advise everyone to hold.

People buying bitcoin is for profits and whenever their profits target is being met i think they will have to sell it off without any haste. Naturally we hold bitcoin in other to receive some profits when it moon, selling bitcoin determines our patient levels; lemme say if your target was to sell at $100k and you couldn't be able to hold till that specific date and time, you panic to sell meaning you have not defeated the purpose of holding bitcoin because you panicked and sold. Definitely i will hold till $100k and if market move faster than my expected date then i sell and wait for another dip to utilized the opportunity.

That's weird 😕, why are you investing in Bitcoin if not for the profit? Every investors have the right to take profits when Bitcoin reaches a high price, or are you asking what is the perfect time to take profit? Because I am kinda confused.

When Bitcoin goes to the moon, I expect everyone to take profits and do whatever they like with their profits, a long-term Bitcoin investor who always doesn't want to run out of holding Bitcoin will still take profit and wait for a bearish market then buy back. This is one effective way to increase the quantity of your Bitcoin.

I have a long-term plan to keep accumulating Bitcoin but it will be stupid of me to hold my Bitcoin through a bull market where I am supposed to take profits and wait for another good buying opportunity.

Many people don't realize that Bitcoin's volatility will always be there as world events always affect Bitcoin, and corrections will always follow every surge that occurs.

I don't have much in Bitcoin, so even if it reaches $80k, it won't be anything life-changing for me. I treat Bitcoin primarily as savings: I try to save up a bit when I can, but I also use up the money when I need to or for special purposes (like a holiday, moving to another country, using money to participate in an international event, etc.). Thus, I don't have any big plans or high expectations, but I know people who rely on Bitcoin heavier than I do, and for their sake I hope it will rise, so that they can enjoy a lovely safety net and do something nice for themselves with it.

Right now BTC is Bitcoin going through a period of volatility, with prices fluctuating between around $27K and trying to break through $31K, if the conditions are as you say it's go to the moon I guess Some investors may choose to sell their Bitcoins when the value reaches a certain price, while others may hold it in for the long haul. The decision to sell or hold Bitcoin depends on each investor's financial goals and risk tolerance.

That's a really wild and long time to hold your coins but its understandable though as the adoption of bitcoin keeps growing but my only concern is that no one actually knows when the price or bitcoin is going be accepted in the world as a legal tender and this acception could lots of years to achieved and its solely dependent on the country or nation involved.

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It all depends on the situation and conditions that I experienced. If the situation allows, I will continue to hold bitcoin and will not sell it just yet. Because if the situation or condition that I experience in my life continues to be good, financially, opportunities and various other factors. I will not bother selling my valuable asset (bitcoin). But if the situation is the opposite of what I explained above, most likely I will definitely sell the bitcoins that I have, because if things are not good, especially financially. It is certain that investment will be the right solution to cover all these financial problems.
And in conclusion, I will not sell the bitcoins that I have when my economy is good. Because in my personal opinion, having an investment is useful when the economy is down or not good.

I think if we could go with the payment situation then we are going to do a lot better in the future. I still think that there will be a lot more nations with legal tender in the future, not bigger ones like USA or Germany, but we are going to see it accepted in much smaller places for sure.

The next biggest ever name is Malta to me, if that happens that is going to change so much, if Malta has it then we are going to definitely see some big increases. They are a huge nation compared to El Salvador because of legality reasons and I also believe that they are going to get a lot of peoples money in there, think of it like Cayman islands but for Europe instead of America. That will result with many crypto purchases and the price will skyrocket without a doubt.

If such a big price happens to Bitcoin, I will probably sell some of the Bitcoin that I have and will also save some of it in preparation for the next high price because in my opinion Bitcoin is an asset that needs to be looked after properly and don't waste too much at low prices like now. But I don't think that a price of that size can happen as soon as possible because it is a very high price and is included in the ATH for Bitcoin so it always takes time to reach it.

BTC is now quite stable value, so price fluctuations are not eager to be high if there is no inflation. And there is a real risk of fiat money inflation. The price can rise up to the moon not because of BTC becoming more expensive, but due to dollar becoming really cheap. So I think it's better not to be attached to BTC/USD (this ratio is tending to become nothing), but to follow the different scale: BTC/[things and moods you want to have]. In total, money is entirely fictional value scale, created by everyone's mind and by mass media. But the real values are always psychology-based.