What will you do with bitcoin? - page 8.

CryptSafe

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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?

Mate, I know for sure that bitcoin will do very well and much better in the long run. So I am not bothered about it up and down movement. So far, before now, bitcoin was at it peak last year @ $70k sobif it could reach an all time high at that price then it means it could still go or rise beyond that same price possibly after the halving or even now as no one could tell the direction which it is going towards but I am if the strong opinion that bitcoin would do much better than the last of its highest price.

As for me, I already have my plans of holding for a very long time and I had to do it in the way that I allocated my bitcoin in three functions for which they would serve and that I have sticked to for a long time now and it has helped me a lot from touching my long term holding.

loabiti33

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Part of it of I intend to sell of course, but I also believe in the tech, so I will also keep some for the "new age" or internet crypto use only, I don't pretend to abandon btc even if I sell part of it.

MiF

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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?

Set a limitations if you invest in bitcoin you need to set a limitation don't hold it for life you will not get profit in holding for the rest of your life, you will only end up to big regret if you don't sell it when you have an opportunity to sell it to get a big profit. Another thing is you can use your bitcoin profits to buy alts and hold if you don't want to withdraw or sell your btc you can use another strategy by buying alts.

xSkylarx

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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 really depends on my situation. If ever I am in need of money at that time, I will sell it regardless of the price, and if it hits the price and I have nothing to do with it, I will still keep holding on to it until I need it. My purpose really is for emergency purposes, and if I plan to start a business, I will probably get half of it, and the other half I will still hold.

Stable090

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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".

That’s everyone’s decision to take, it’s kind of funny to me, why won’t you know what to do with bitcoin when it finally goes up, may I ask you, what’s your primary purpose of investing in bitcoin? Then it will decide what you will do with the bitcoin after going up.

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?

If bitcoin price hit $70k or $80k, then the price is till very low to me so I won’t even think about selling it, the bitcoin am holding am not planning to sell it at a very cheap price, I don’t care about how many years I will hold my bitcoin but am having target and am not selling my bitcoin below my target. If you are planning to sell your bitcoin at the price which you mentioned above, then you are selling cheap, don’t be surprised you might end up regretting why you sold so cheap.

Asuspawer09

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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?

For now, holding is the best thing that we can do because it's still not a good time for us to sell our Bitcoin, Of course, think of the reason why you buy Bitcoin in the first place, but probably most of us buy Bitcoin is because its an investment, so the goal is to sell bitcoin and take a profit. Everybody would sell in the end depending on how long they can HODL their Bitcoin.

I mean it's your Bitcoin anyway and you can do whatever you want with it, some might just want to hold Bitcoin, but for me, Bitcoin is an investment so At a certain price or fair price in the market I would sell my Bitcoin, No one knows the limitation of bitcoin if it's going to reach 100,000$ or even up to a million. Because what matters is you sell on a profit not on a loss.

imamusma

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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?

Bitcoin has use cases as legal tender in several countries, while many countries still have not legalized it. Bitcoin is considered an investment asset that the average user has made so far, I am the same. In fact I think the same is also included in your plan on bitcoin instead of as a means of payment. So I must feel really weird when you say "I don't really understand what is the right thing to do with Bitcoin after it will go to the moon".

I just think that the bitcoin that I have right now is an investment asset, not a means of payment. Of course I have a plan for when and at what price I expect to sell it in the future either incrementally or sell it all. I'd probably put my initial target at $100k, but if the price is still very likely to go up then of course I'd just change that plan and maybe only sell part of it at $100k.

Lorence.xD

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Everyone have different plans if they are part of the ride of Bitcoin. For me I would sell some and still leave amount of Bitcoin for future investment. Earning profit is a must if I would be needing some funds for building business of course I would sell some of my Bitcoin. I think it's also a good investment in having an investment for businesses. I will open a mini-laundry since in my neighborhood there's a close hotel where people prefer to have a laundry nearby. If I gain again profit I'll invest again in BTC for sure. I like that money works for me.

fuguebtc

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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?

Bitcoin investment is for profit, I don't intend to keep it to death, and it becomes useless for me. I'll sell my bitcoins when it hits $100k or more and then wait for another market crash, and that's when I'll start accumulating my bitcoins again. If the market cycle doesn't change and repeats like that forever, I wouldn't mind playing with it for the rest of my life. But life is definitely not that simple, one day, it will change, so I will try to take advantage of it as long as possible.

Zaguru12

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Quote from: Despairo on April 25, 2023, 12:12:04 AM

Quote from: BD Crypto on April 25, 2023, 12:01:02 AM

My plan is to hold Bitcoin till it's been legalized by the Government. Because we maynot be able to buy Bitcoin agin at the low price.

What do you mean about legalized? Bitcoin is mostly accepted in many countries right now as a commodity and now there are 2 countries already accepted as a currency.

Bitcoin isn’t globally legalized yet and I think that’s what OP is referring to. Although the likes of El Salvador and Central African Republic has legalized many countries haven’t legalized it just yet but that doesn’t mean people aren’t using it. Only few countries actually placed a strict ban on it usage, the rest are just against it do not stop there citizens from using.

When it is globally accepted it might cause the demand to increase as many people will turn towards it and also the number of businesses using it as payment method would have increased. This in turn will have a positive effect on bitcoin which could see it grow and I think that is why OP is looking at the moment.

Quote from: Forever101 on April 25, 2023, 03:23:52 AM

Holding it when the price rises Is not a wise decision as there may be a retrace of the price movement. The best option is to sell in bit in every ATM high.

Everyone has their reasons for holding bitcoin and it is not the ATH price that determines when they sell. Most people use it as a savings hub for retirement funds and should another ATH comes before their stipulated time of withdrawal they would still have to leave it there and it is not that bad since we usually have halving every four years and new ATH usually comes after the halving then one could skip one or two ATH and withdraw in future

$crypto$

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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?

Every bitcoin holder always has their own plan with a target price for bitcoin which will be sold later, I myself don't know how strong it is to hold bitcoin even though the bitcoin price has reached the level of $70k-$100k but I believe the stronger you hold it, the profit will be even bigger, see how the bitcoin cycle happens, of course it will multiply the value of your bitcoin at its selling price.

If there is an urgent desire or need, I will sell it, but I feel that I have enough at a certain price, so I will release bitcoin at that price, but I am sure that many plans from investors are their wish to be able to sell at $100K.

Forever101

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Holding it when the price rises Is not a wise decision as there may be a retrace of the price movement. The best option is to sell in bit in every ATM high. This is what I mean, you can divide your crypto into 4 parts and sell in every all time high. You can sell first 25% of your bitcoins when the price hit 35k , asecond 25% when it hits 45k, third 25% when it hits 60k and the 4th 25% when it hits 70k- to 80k. After selling, you can keep some of the money to buy when it hits it's all time low. And most of the money can be diversify into investing on other things, if you have enough money, you can become an employer of labour by creating job. It all depends on individuals. In conclusion, whatever you will do with your profit, make sure the profit generate revenue for you.

Cvetik56

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Quote from: Zanab247 on April 25, 2023, 02:48:00 AM

Quote from: crypticj

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

Are you a spirit because is only a dead man or spirit that don't need money but as human being is concerned, we need money to do so many things to improve in our various environment. If the price of BTC go up, it will be a good thing for you to sell and wait for the price to go down before you can buy again and hold for another opportunity to come. I will advise you to sell when the price hit $70 or $80 because that is the price many people are eyeing for the price to reach before they can sell to carry out their plan to become a wealthy man in the society.

I don't think you should advise other people to sell at some point or not. I disagree with you about that, but it's ok, most likely our goals and views are different. And you won't become rich if you have, like, 0.1 BTC or less even when it hits $100k.

Zanab247

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Quote from: crypticj

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

Are you a spirit because is only a dead man or spirit that don't need money but as human being is concerned, we need money to do so many things to improve in our various environment. If the price of BTC go up, it will be a good thing for you to sell and wait for the price to go down before you can buy again and hold for another opportunity to come. I will advise you to sell when the price hit $70 or $80 because that is the price many people are eyeing for the price to reach before they can sell to carry out their plan to become a wealthy man in the society.

DevilSlayer

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Quote from: blackened515 on April 25, 2023, 01:52:24 AM

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?

Holding bitcoin until the coin hits it's ATH have been my ultimate target in the market. I'm accumulating more bitcoins during the bear season and there's hope for gigantic profits at the end. Bitcoin hitting $80k, good purpose for the project because I will triggered the sell option because I've hold on for so long for that moment. Bitcoin will not just run up to $80k without fluctuations and consolidation, he bear season will have higher hands in reducing the price of Bitcoin, but I won't let that reduce my critical thinking about the project.

As for me, I sold most of my bitcoins because there will be a huge dump that will happen anytime soon. The price already resisted around $31,000 and the possibility of making a swing low is now very high. My plan is to get more positions again when the price of the bitcoin reach the major support level again. The reason why I sold my bitcoin is just because I followed my plan, my bias got invalidated and it is the reason why I reacted and sold most of it. Did I do the right thing? As for me yes as long as I followed my plan.

My next plan is to wait and get a lot of positions in the cheaper price, in that way I can maximize my profit when the price of the bitcoin beat it s current ATH. As for the short term, I'm bearish but for the long term; I'm still bullish and I hope that it will only take some weeks to months before we see higher highs and higher lows again.

blackened515

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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?

Holding bitcoin until the coin hits it's ATH have been my ultimate target in the market. I'm accumulating more bitcoins during the bear season and there's hope for gigantic profits at the end. Bitcoin hitting $80k, good purpose for the project because I will triggered the sell option because I've hold on for so long for that moment. Bitcoin will not just run up to $80k without fluctuations and consolidation, he bear season will have higher hands in reducing the price of Bitcoin, but I won't let that reduce my critical thinking about the project.

usekevin

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The expected rise in the bitcoin price will be achieved in 2024.Because the next halves will be next year,So the next halves make the bitcoin to the next ATH.So we expected the price of bitcoin above the value of 68k in the second quarter of 2024.The moon is most common words that describe the ATH(All time high).So with your definition the price of the bitcoin will cross the value of 70-80k next year.All the bitcoin holding people just hold the bitcoin till the second quarter of 2024.If you want to earn profit,even now you can buy some bitcoin for the profit.But holding should be followed to avoid loss From the trading,don’t panic even at the bear market is second important.

karmamiu

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If I plan to sell my bitcoin, i'd probably choose to sell it at $80,000 or more since I didn't have much hassle investing to it, besides in the first place I haven't invested much and all I have invested are from what I have earned because of working free time since I wanted my time to be more productive. It's not that I didn't want to sell but, for me it is just an option for me whether I sell it or not.

aoluain

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$70k or $80k is a very conservative price, the vast majority of us believe Bitcoin will go far
past those prices.

What I plan to do? I dont have any specific plans other than to HODL. To be able to use
it in the future when it is absolutely needed is peace of mind. Ideally it would be nice to be
in a position to be able to buy items needed directly with Bitcoin rather than having to involve
exchanges and FIAT.

Hopefully that will be something for the future.

Pandji02

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I'm planning to sell it at some point, not earlier than $100,000 for sure. And when it slides below that I'll buy some again.

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