Bitcoin Forum

If bitcoin happens to reach $600,000 , I know say many person go rush sell there bitcoin. But e get people wey go sell all there coins without looking back morespecially those that have been holding for more than 10yrs and whales . Then go like take profits because this amount could be life changing some people fit decide to sell a fraction to meet up with there daily needs and hold the remaining one.
However, those people wey be strong long term holders may not even sell a fraction of there holding. If bitcoin don reach this level, e go dey accepted as a strong store of value globally and some holders fit just want hold and pass there bitcoin to there children in form of generational wealth instead of then converting it to money.
The question I want asked be say at $600,000 dollars will  you see bitcoin as it has reached it's peak or still on its way to it's peak

Which difference they when price go reach $600k and where the price don reach now, ? We already get different type of holders the ones way no even send the movement of bitcoin price and the one way be say dem they sell small small or every circle, but one thing be say no matter how low or how high price of bitcoin they, we go always see the people way they sell and the ones way they buy, Bitcoin price reach peak keh, even when eh reach $1,000,000 some no go still consider am to be peak, limit no they to which length Bitcoin fit reach for future.

People go only take profit them no go sell, just the way them dey take profit now.

The price done increase to level wey e people dey fear to even sell instead dem the find wey to buy more to keep so if e reach 600k that means na 1btc to 1 million people go dey wait for.

On a normal, people wey suppose dey sell when the price of Bitcoin rise, na those wey done over accumulate Bitcoin for years, when I mean years I mean people wey done invest for like one full circle, one decade and so on anybody wet never invest for that long no even suppose dey think of to take profits the person no even suppose dey disturb em portfolio instead add to am to make am grow reach their target before them go think of to sell some portions commot from their portfolio and the reason for selling self suppose they reasonable no be to sell because you done overaccumulate or reach your target then carry the funds go buy liability.

Even if Bitcoin reaches $1million, the truth of the fact is that people will still sell it, and likewise another set of people accumulate more. But just that the only difference will be that the fraction of it to be sold by then won't be the same in terms of dollar value to what been sold today, most especially for those people who could have accumulated enough Bitcoin over the years. As they will really just want to cash-out some, while they invest the rest.

People have choices deciding when to sell. There is no fixed target necessary for investors to sell, some investors are okay seeing their portfolio grow 100% and become likely to sell. Holding period of investors differs, mine can be 5-6 years depending on when the ATH happens, but in the future i will sell my Bitcoin for profits same with everyone.

You can't control how others sees the market, right where we are investors are selling, ideally investors are to buy low and sell high as long they've succeeded their investment goal then its fine.

The truth be say if Bitcoin reach that price of $600,000, plenty people go sell while plenty other people will still be hoarding their assets. Even when Bitcoin price never reach that level, people wey dey for the Bitcoin market don already get high hopes say Bitcoin will not just reach that level but e go surely pass so you no expect people wey don already conclude in their mind to keep hodling higher price level to sell off their assets when e reach $600k.
For Bitcoin to manage reach this current level now from less than a dollar 15 years ago, e really.mean say e go pass that level wey you the OP dey talk in the next 8-10 years.

Anyone who has been holding for over 10 years has seen their asset grow by over 400× within that time. If it reached $600l from the current price, that will be less than 6×; not such a significant increase from the profits they have already gotten from holding all these years.

You no need wait for this situation. As Bitcoin dey now, if you hold enough you fit pass am to your children. You can also create a wallet for them and start to dey deposit small, small, so the amount go done increase by the time they become adults.

Watin come be the difference between to sell now and to take profit, to take that profit also requires make the person sell part of the coins then leave the rest, and even if the person also wan empty am eh go still require make the person sell in entire holding which ever way “selling” must they inside.

If Bitcoin hit $600,000, na true say plenty people go cash out sharp-sharp, especially those wey don dey hold am for long or wey get plenty bags  life changing money no dey come every day. But e still get die hard hodlers wey no go sell even one sat, because for their eye, Bitcoin still never reach peak.
For me, $600k no mean say na peak, market fit still surprise everybody. E fit be new starting point if global adoption enter full speed, but e fit still dump if hype cool. Na patience and plan go decide who go smile last.

This will be a nice price to take some profit to be honest but not to sell all your holdings . Just imagine selling all your coin that you have accumulated over the years at different price interval , you won’t be able to buying back especially those you bought during your early days in this space like $30k , so better to just take some profits rather than selling all the holding and they are soon that will definitely sell all while there are some that won’t sell at all because they are waiting for $1m/BTC

If you no sell how you wan take enjoy the dividends of your investment… you no fit chop the coin for mouth naw…at some point either man likes it or not, every investor for this field way base en investment of profit making go need to sell, if not all, at least some fraction of en coin make e fit enjoy watin en investment and years of patience don win am.

It go be a wrong live though to sell all or plenty when you get other sources or streams of income to use Dey hold side. Bitcoin no be just money, na asset and asset no be watin person Dey sell anytime body sweet am.

People go sell their bitcoins because them everybody get wetin them won use money do. Some go rather use the profits buy or build house, pay for education or new skills…many things. I no go hodl bitcoin forever I know say I go sell at some point e fit no even reach 600k before I go sell half of my hodlings and I know say no be only me go dey reason like that.

At such a price, I will say that Bitcoin is still on its way to the peak. I am saying so because the adoption rate is still increasing and virtually not everyone in this world has gotten hold of Bitcoin and also looking at it's limited supply, one could tell that it's value would surpass such an amount in the near future.

As for those hodling for a long time, it would be reasonable otf they take profit at some point and believe me, at such price as stated by OP,  many would be taking good profit from their investment irrespective of how long they have been holding. While some would still want to hold for long with a target of $1m price value achieved.

Just as smart virus has said, many would sell so as to take profit and this goes a long way to show the dividend of their investment which is not bad and most people encourage it because the Crypto market is very volatile and anything can happen at anytime. So, it would be nice working with your initiative so as to be on the safe side.

Na normal thing wey suppose happen even if na you wey e dey your side you must cashout, make I use that word "Must" because we get Naija people wey no dey like carry last at all and we like to make profit more than to wait till God knows when. Use for instance when Bitcoin price run go reach $100k many people all over the world wey dey hold and getting ready to cash out really sell well well, the set of persons wey still hold till now wey we dey talk about this your thread no too plenty I think but e still good to hold till now becos something big fit happen again na just patience nai we all need for the crypto space.
All these people wey dey hold as e be long term holders I dey wonder when be the right time to release their holding as in to sell, becos I no know the kind mind some persons get, like wetin be their target? If na Naija person no body go tell them to sell becos many dey wey no go mind to sell and refill again becos this Bitcoin matter be like journey wey no dey end as long as we get life, we continue again.

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I believe all investors have investment timelines, the numbers of years we plan to hold before we can start selling. There are investors that are into bitcoin not merely because they want to make profit but rather they haven't come across any assets like bitcoin that's has the potential of holding value for a longer time and as such even if they have gotten to there anticipated timeline they won't bother selling know matter the price. There are investors that doesn't want to hold fiat so they won't want to convert there bitcoin to fiat so they may decide to be holding bitcoin regardless of the price. Lastly there are investors who are into bitcoin to build general wealth and then to pass it on to there children, this sets of investors will never sell there bitcoin regardless of price because there main motive of holding is not to make profit but rather to store value that they will hand over to there children .

Everyone has his/her goal , i respect that ! If they did sell at that time, it’s  their profit so far they are good with it . However, I think most people would have realise it’s potential and will still love to hold even more and more at  that price.. For the whales, I  don't think so either .. I'm  not them but I think most will just continue to shave little  off from time to time while they still hold and if the opportunity to buy cheaper shows up they will still buy to make more :) it's  just an investment strategy.

E go tey wey Bitcoin go reach this kind position o, you sure say everybody for Naija board go never old be then? And if so na we go be the biggest holders of Bitcoin then maybe passing it to our children.

I'll not sell my Bitcoin untill I've gotten Bitcoin worth over $150,000 in my private wallet, and I'm not sure $600,000 price go make me hit that milestone, if people dey wey no go touch their Bitcoin, I follow for those people.

Anywhere the price of bitcoin reach e get people wey go still dey buy and sell, that one na normal thing. E no get how you wan take do am or hw the price of bitcoin go crash reach wey people no go do buying and selling of bitcoin because na wetin make bitcoin good asset. The people wey go cry las las na those wey suppose hold their bitcoin but decide to sell am for wetin them no even plan to buy or use the moni fagi.

I agree with you oh but these sets of investors them no get when or ma say them no get plans to sell but to give their hustle to their children like lifetime empowerment and you dey tell me say na the same pattern the children go follow to dey hold and hold and hold till when? We sabi say inside these investors e get some wey na only to hold without selling but after holding for like 30 years wetin them go use say na their gain? Bitcoin be like gambling wey be say if you no get gain e still be say you don lose and you suppose to dey cashout and start again no be say na to dey look your hustle dey go up and go down and when you suppose collect or sell you leave am to just dey dia, my brother I no sure say na Naija investors we dey refer to, wey go take this long all in the name of wetin, children lifetime saving abi wetin you call am. Bro I get all wetin you talk oh but if na you wey you start hustle for Bitcoin with 100k you con see extra gain of 1m+ you dey tell me say you no go do the needful?

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When the price of Bitcoin was low, let's say the price of Bitcoin was $20k, $30k, $40k, $50k and when the price of Bitcoin increased from that position, many people sold their Bitcoin. Then Bitcoin increased to $100k, when it reached $100k, many people sold their Bitcoin. So, let's say in Bitcoin investment and cryptocurrency, no one is 100% successful and can't do a 100% pure analysis of where Bitcoin will go, moreover, it doesn't stop for anyone if necessary, people will sell even if they are at a loss and also sell even if they are at a small profit. So I mean if the price of Bitcoin reaches $600k, people will sell there too or even if it is less than $600k, and there are some people who will buy Bitcoin from there and hold it and wait to see the price of Bitcoin further.

You’re right. It is about one’s target and not necessarily it’s worth. Every day, things are evolving and life is becoming more expensive and less affordable. This trend is moving together with the increasing demand and growth of both the physical currencies and the digital currencies. The value of dollar when bitcoin was 20k , 30, is not what it is today. There’s been a change in price and value of these currencies per time. So, it doesn’t matter the worth of bitcoin in the next 40 years, what matters is an individual’s target and whether such person will be patient enough to hit his targets. For all I know, bitcoin will continue to rise in the future and will hit new all time highs at every given moment, those who will benefit from such trends will and those who will lose will, without any doubts and it dies not stop you from buying and hodling is its of interest.

I will still see Bitcoin as still on his way to his peak.
If your bottom belle come over sweet you for $600 and you come sell of all your bitcoin because you think sey you don make plenty profit, wetin you go come do wen e go reach $1000 or even pass, that time you go come dey regret sey had I know.

 Real investors for Bitcoin no dey shake because of the price instead dem go dey buy more, because dem know sey tomorrow dey always beta pass today, you know see the history of bitcoin, so na wetin go make you feel sey your profit don too much make you sell all or some instead to dey happy sey you dey make more money, remember sey the more the days go by the more the profit, abi you no go like get more money or na fear you dey fear sey bitcoin go crash make you no loss all your money wey you don invest  all these years.

I believe sey person wey go sell part of him investment that time na person wey really dey in need of money wey no get another choice to get money for any place wey him go take solve him pressing problem, or person wey don reach him overaccumulation stage wey dey reason to diversify into another business so that him go take support to dey buy bitcoin well well has him want am.

The truth of the matter for this side wey I just highlight be say, e no get any extend or any particular amount way bitcoin fit reach way real investors way dey the game go see am as if bitcoin don reach em peak, people way want still dey hold their coins go still dey hold and their are some other people way go wan sell smaller portion to carry do one or two as well it all depends on you as a person.


However, a real investors with long-term plan are not moved to sell regardless the increase over time, all they cares is holding on to their investment till the end.

Indeed investors may have their own desires to determine when to sell and they will make a good profit by selling at the peak price. Maybe this price is a good one to actually make some profit because Bitcoin reaching $600k is a really massive price for me. Those who have invested in Bitcoin in the past and held on patiently may see their portfolios increase hundreds of times if Bitcoin reaches this level but investors who are just starting out can still make a profit even if the price of Bitcoin reaches 600k, but it may not be enough for their needs. However those who are strong long-term holders may not sell any fraction from their Bitcoin holdings because their plans last for several cycles. For example we currently see a company that has already exceeded 5 years of its reserves and is constantly increasing its reserves as a result when the price of Bitcoin increases, their portfolio increases several times, perhaps this is how strong holders are able to achieve success.

If The price of a Bitcoin will be  $600k or 1 million dollars but This is not the end. The demand for Bitcoin will be much higher in the future and the more time passes, the more the acceptance will increase. The price of Bitcoin will continue to increase. So if someone is 25 to 35 years old, then of course he should start investing for a period of 20 years and hold it. Many people may sell it in the future when the price increases a lot, which you said is 600k dollars. Many of those who have been investing for the last 10 years will sell it because maybe their regular income has ended or they are thinking of leaving from their jobs for becoming old  age. That is why they may gradually sell their invested Bitcoin and continue to manage their lives. And this is certainly their personal desire because they have been investing in Bitcoin for the past 10 years so that their future life is secure. They will definitely enjoy the results.

Michael Seller says BTC could be worth up to $13 million in the future 20 years from now.

https://talkimg.com/images/2025/08/12/USsW2N.png
https://x.com/BitcoinNews21M/status/1937476777213104638

Even though the price of bitcoin touch above $600k today, not everybody that will sell off her bitcoin in that particular season, there are some holders that will consider the price they bought from, and it will not allow such holders to release all their bitcoin for sale. Those that bought bitcoin when the price was $40k or $50k, I think they will sell all their bitcoin to earn income because they know, it will take a long time before people will experience that kind of all time high (ATH) in the market. To me, I will see bitcoin has reached it peak for me to release what I have been holding over some years, and it will bring huge income to me and other holders that have been accumulating bitcoin before the price arrive in the market. Some long term holders will sell, if that price touch market but they will not going to sell all their bitcoin because they will like to reserve small in case the price increase higher they will still make income again.

That's true the margin is not too big between $600,000 and the current price of Bitcoin what people should know is that there are two types holders when it comes to Bitcoin there are those with a short term investment for these once they are only interested in just slight movement in price then they sell and takes the profit.



There is also the group that is concerned about long term so there is nothing that you will tell them that they will make them to sell not even when the price of Bitcoin reaches one million dollars it's one thing that you should know is that holding Bitcoin is an individual issue