Bitcoin Forum

I started accumulating Bitcoin after the June crash last year, my average buy is currently $17500.

I feel like it is a good time to be accumulating but also lately have been thinking it may be a while until it is worth selling.

I think Bitcoin will reach $100k maybe $150k next bull run in 2025 but feel that is not going to be enough for me to sell as I won't have anywhere near 1 full Bitcoin.

I invest in Bitcoin weekly but I also have other Altcoins I invest in so it is not a large amount I am able to put into Bitcoin right now.

I am thinking of just accumulating till 2029/2030 which should be the next bull run after 2025.

Hopefully by this point I will have close to 1 full Bitcoin and the price will be at least $250k which would then be worth selling to me.

This is a very common misconception, depending on how you personally look at bitcoin. If you're asking an actual long-term bullish person, this classic meme pretty much sums it up:


https://i.imgur.com/mnwF67y.png

The idealistic reply would be not to look at Bitcoin solely as an asset to be exchanged to give real world value (fiat), but also as a possible currency which allows one to spend privately and through a decentralized means. This way you would not only need to wait for a certain price to 'sell off', but you would have an asset that can be used for any reason you would need fiat for.

That's a practical plan and the more patient you can be, the more orofits you can earn.
Also, balance your Bitcoin/altcoin portfolio to favour the asset you place more value on.

I keep my bitcoins in some ledger, the stick is not there for me and until I am old.
they are safe and they are there for my kids and for my kids college fees and my retirement days with the luxury and serenity of focused philanthropy, and I will try not to touch bitcoin no matter what.
if the bitcoins disappeared overnight without allowing me to store anything, I would accept it, although I would not be happy, but I would accept it.

Programmer Laszlo Hanyecz traded his 10,000 Bitcoins for pizza. Did he regret it, he said no (inwardly he probably did) but couldn't say otherwise lol.

To be honest, I have not defined an exit plan yet, which I admit is not responsible from my part.
I suppose that for now it would depend on the necessities I will have in the future; I am talking about health, food, shelter, etc.

I wish I could talk to a financial advisor with experience in Bitcoin, so they could help me to set an objective to my few satoshis.

I think there’s no easy way to determine it because you know that in whatever price that you have in bitcoin, as long as you don’t need it at the moment, I think you can hold it until whenever you need it again,that you wouldn’t have to so I agree with the meme mk4 posted that you wouldn’t have to.

I guess when the time feels right to me. And right now, I’m itching to acquire more whenever I can.
Bitcoin has a very great potential to really increase in value over the coming decades so I guess now is just now the right time to sell.

For the fact that there have been predictions for bitcoin to worth about $250,000 doesn't mean you must wait till this is achieved except you're totally not occupied for the couple of years to cone in realising this, selling doesn't work with a particular target atimes but you will have to consider being profitable when what you're selling is having an additional interest upon it regardless of wjen it's been bought and you're selling at willingness and nit by compellation, this means you're satisfied with the level of income you've made through it by selling off.

Well either way, even if you're not going to accumulate 1 full Bitcoin, you're fine. There ain't no minimum investment anyway unless you are strict goal of getting a whole.
We can only speculate so much for now since 2025 is still 2 years away and there could be so much price history that we need to look into in this coming months.

Just sell whenever you need to. At least in my case, I do not have any specific price eyeing on for now since I also use Bitcoin for transactions.

Bitcoin should be seen as an asset and if dollar value should not be taken to be a base for is the acquisition or its usage as a currency, bircoin mean different thing to different foks but in all bitcoin provide a better alternative to fiat currency.

Bitcoin should be taken for a long-term base, as its true reflection and value can only be seen in the long-term base.

Said it at least a couple of times on this forum, and do not mind repeating as it has been some years, but that I personally had a price target, and a time target.

Not because I wanted to, but because I had to make it predictable for those who would inherit my coins in the possibility I do not make it into the next decade.

Then they definitely will ask this question, and to do away with the requirement that they also inherit my Bitcoin beliefs, I set a price and date target. Whichever hits first, they sell.

many persons that are into bitcoin don't really have a good understanding of this idealism  that bitcoin was introduced  as an alternative to fiat for people to enjoy financial  privacy as against the  traditional financial centralized  systems, but rather, much of what they could mostly think of  whenever bitcoin is mentioned is that it's about the bulls and bears markets's with how to make profits based on these two variables ( bull/bear).

 

I can imagine answers like:

• for better bitcoin (let's call it Bitcoin 2.0)
• for life
• for health
• for a few more days on Earth
• for an experiment
• for power
• for living in a beatiful place away from coercion/opression
• for bread or water

and probably not like "for fiat notes".

Doesn't matter if it's one bitcoin or not. The amount you own is totally yours, and you need to know that as long as you peer BTC to measure its value with USD, you can never guess the actual value of it. 1 BTC will always be 1 BTC, you can't change that fact.
But if you are planning on for a very long term investment, then try adding stop loss to your sell. When it goes way down, you may end up buying more in quantity with that.

This is a typical question. Everyone has a different reason for owning Bitcoin. I've always tried to sell and accumulate again at a low price. If you sold Bitcoin in ATH and bought it now, you should have 3x Bitcoin. That's what I've been doing since the last bull run. I sold my Bitcoin above $50,000 and I'm now slowly accumulating in the bear market. As a result, I don't have any price targets. When I make a good profit, I sell and then repurchase at a lower price.

But the thing is @OP wanted to have a huge profit on his accumulation.  You cannot have a huge profit if you keep spending your Bitcoin and use it as mode of payment since it will just come and go from your hand when there is another option to use as payment and hodl our Bitcoin.  I believe Bitcoin will come to the point that there is no need to hold it but instead just use it for payment but not now since there is still huge profit to acquire just by holding it and selling it after a halving or two.


I greatly agree on this advice, but holding Bitcoin alone would suffice, I believe.  There are lots of scams in altcoin, it may look like promising now but then a month after, it will turn into scam.  I would say, be on guard with your altcoin investment, the market condition of most altcoins is good for short-term investment.

Many people buy Bitcoin without defining their exit point.
I don't know if there are some people that are still seeing Bitcoin as a currency instead of as an investment assets.
If Bitcoin is taken for what it is, we should own Bitcoin today and spend tomorrow and own the next day.
But rather we have decided to be holding the Bitcoin for it to appreciate.
Anyone buying bitcoin now for appreciate purpose should exit only after the halving.

I'm not going to wait until precise marks anymore like 100,000$ or 250,000$. I did it last time expecting bitcoin would reach 100.000$, and it ended hiting 69,000$ and crashing next. Now I will just wait for the next bull run. Where it leads us it's ok for me and then I'm going to sell my holdings. I have to invest in another sectors of my life and can't hold bitcoin forever without putting it into good use. And to be frankly, it doesn't make sense to hold money forever. At some point you have to use it, otherwise why do we start holding at first place?

There's no price point that would make me sell, I'm sure of it now after surviving 2 cycles.

When I bought my first coins for $600 I thought that getting 2x is already good, but I took it slow and one day my investment was 25x at which point I sold some, but when I did I realized that there are no things that I urgently need and can't afford. I made sure I'm well covered, have my ROI cashed out, have at least 20 monthly wages in cash saved up, have a home, a car, that was all that I needed at that point and I still had a lot of bitcoin left. Some years later I could be doing better like I could have a better car, a bigger house, but I don't need it. So if bitcoin went to 100k tomorrow I'd probably sell 10% of what I have just to have some fun in life. I'd throw it away and keep the rest because I don't need fiat that I have to pay tax on and then lose 10% a year in the form of inflation.
If somebody would gave me 1 million today I'd do the same. Sell 10% and keep the rest.

If you need money you can sell at 150k or anytime you want. Forget about the amount of bitcoin you have, try to gather as much as possible. One day you will find out that you have more bitcoins than you ever imagine. Currently you are buying weekly just try to be consistent with what are you doing. Focus on collecting bitcoin now.

Keep in mind that when you sell, don't sell everything you have, sell what you need to sell.

I've been receiving Bitcoin from signature campaigns for about two years now. I literally have no idea what my average purchase price is, but I'm guessing it's somewhere around $30,000. Personally, I wouldn't sell anywhere less than my DCA price, but honestly, knowing Bitcoin capabilities, it would be stupid to sell below $50,000. The previous ATH was almost $70,000, which would personally be a great selling point, but is pessimistic nonetheless, since we still haven't ruled out the chance of Bitcoin surpassing $100,000.

It's honestly fascinating to think that in a few years there's a chance that my money has the ability to double or even triple its current value.

This is the ultimate goal of making a profit and if OP can wait for this price without a specific date, then it is good for OP.
I don't think hoarding too much time will get you satisfied when the price doubles or much better triples from the capital but for sure --it should be an amount that you can afford to wait. You can sell at any time as long as you have your profit or never sell under the price that you have purchased. We can also set a goal of taking profit/ROI but if you want it to make double, it could be but you need to wait for it.
For me? I will sell for as long as I needed but not in a losing position.

I wouldn't sell at all. I don't see bitcoin in these terms of selling and buying. What I do is exchange assets for goods and services and the other way round. I don't need fiat money and I don't want to hold fiat money. Fiat is just a means to an end, so why not skip that means and go straight to an end?
I'll wait until I can get the house that I want for bitcoin, or a piece of land. I'll be happy to exchange it for things that I need at some point, and USD value will not matter to me because it will be a few times higher than it is now anyway.

I don't think I'll be selling it for a long time maybe until I'm old. I bought at high price last year and it will be a long way to profit. I still believe bitcoin will reach $100,000

You hold like 1 Bitcoin which is a very good investment. But always invest with a specific target. Bitcoin will be a halving by 2024 but it is better to sell your bitcoins there. You can target up to $100,000. If Bitcoin stays between $100,000, I think it's best to sell your Bitcoin there. Then when the market crashes a bit you can invest again. And there are certain rules of investing that you should follow.

Are you gonna sell all your Bitcoins at some point when the price of Bitcoin will reach your target price?
Because for me, Bitcoin became my emergency funds and the same time investment because I can easily sell some of my Bitcoins if I needed some funds personally.
For me, I will see only a portion of my Bitcoin because forever I will hold Bitcoin, a big or small amount. If I will buy Bitcoin now, a portion of it will be sold at first when it hits the 6 digits price of Bitcoin.

I do not see anything wrong with your strategy, there are many members on the forum that are not willing to sell their bitcoin at any price, but most likely they are doing so well economically they can even afford such strategy, if you think you need to sell at some point and you have a clear idea of how much bitcoin you could have and at what price you want to sell then that is a good enough strategy if you ask me, the only problem is that you have been holding for only half a year and you are planning on holding your coins for 6 or 7 additional years.

For some long term hodler, it's not gonna be the price that they are determined of, it's gonna be the perfect time to garner everything when you're enjoying your retirement already.
Since Bitcoin are most likely going upwards as time passed by.
So, it has always been a win-win situation for those who are patiently holding.
If that's the range where you want to sell your Btc, then I guess you'll need to have enough patience till you Btc gets there.

If we understand bull and bear market cycles, it can also be a tactic to increase the number of bitcoin instead of just holding long and not selling any bitcoin. I have also used them for years, I will sell all my bitcoins during the bull season and wait for us to enter the bear season like now to accumulate bitcoins again.

Wise investment is we know how to rotate capital and not just accumulate without selling, it would be a pity if OP doesn't sell bitcoin when it hits 100k and can buy it back for 50k or 20k later.

This is just an opinion, not a financial advice.

Bitcoin won't always be as cheap as now. A year or two from now, we can only look back and wish we could turn back time. Failing to buy Bitcoin at $16,000 today is a forever missed opportunity. It might not come back at all. It might already be as expensive as $100,000 per coin. So I guess it is wise to do the buying today, a bit faster if possible. If I can exaggerate a bit, panic buying should be done with Bitcoin below $20,000. I myself am trying to make do with whatever fiat I have because I won't be converting a single Satoshi from my wallet.

What price would I sell? I might sell when Bitcoin hits 6 digits.

It is an excellent strategy to get a good profit, but holding bitcoins for such a long time is not easy. I think you should try harder from now on because currently, the bitcoin price is at $17k, which is still a pretty low price to accumulate compared to your salary. But if in the next bull season in 2025, and bitcoin price won't be as low as it is now and each bitcoin will cost $40k or $60k, your accumulation will be difficult. So you need to try to accumulate as much as you can now, or you can sell your bitcoin during the next bull season and wait for the bear season to start, you can accumulate more easily.

It varies what they want for the bitcoin they have, even when the price goes up, there are always those who sell it because they want quick profits to get, so this question is too common to hear.

If you believe the price of bitcoin will be above $ 100k or more even after bitcoin it will be very valuable if you want to continue to have bitcoin then make regular purchases of course you will gradually reach 1 BTC as long as you don't sell at all along the way but right everyone is always different in bringing their investment in bitcoin so I think as long as the price is low a lot of investors continue to hoard bitcoin.

But I always don't recommend investing in altcoins even if it's a little, it's inappropriate and I don't like shitcoins.

The 2029/2030 journey is very long, I also want to hold bitcoin until this year, but I don't know how the journey will be, whether after the bullrun comes, I will still be able to hold it or sell it at night at ATH, I don't know.

I have not been able to determine at what price I will sell it. Because maybe right now I'm still focused on the accumulation process. so I haven't had time to think about a target selling price. But for the time target, maybe I already have an idea about it (selling bitcoin). namely some of the bitcoin halving this time. in 2024. and I will save some of it until the next halving. At least that's what I've thought so far. the reason I'm selling some in the upcoming halving is to just take my initial capital in the investment. and after the halving, of course the price will come back down. and I will spend the initial capital back to buy bitcoins so that the amount doubles. Meanwhile, some of the bitcoin assets that have not been sold will be left until the next halving and added to the accumulated results after the current halving. that's my plan. maybe one day there will be a change in my plans and that's fine.

I plan to literally sleep on it.

I am not holding Bitcoin for financial gain alone; rather, I am holding it for future use. I also have no other option for where to store my value so as not to involve third parties so that why I am saving my in bitcoin, so I cannot simply determine the price at which I can sell my Bitcoin. I might consider selling it during the next bull run, but I don't believe the concept will be very logical given due that I may not need money at time, so i believe holding it till whatever.

But I always think about using it for transactions purposes, like making purchases with my Bitcoin whenever I anticipate a delay from my bank. As a result, my main motivation for acquiring Bitcoin is to use it in future transactions.

I think the magic number for many will be $100,000. Sales then possible, or just for fun - buy for 10,000$ sell for 100,000$ - "Oh, there is another 0". All Out will go only a few, who is already so long in it will also stay. The time they invested earlier, they can use for the important things in life = family. The next country will come and make Bitcoin legal tender and people will pay with it. More will come and bitcoin will become more important. And i hope in a few years the same questions will be asked as 4-6 years ago. When will the price be at $1,000,000?

That is a pretty good strategy and I have very similar thoughts like you. Right now is the time to buy cryptos and not to sell. Making bitcoin purchases around the 16,000 USD level is a good deal and the coins should be held as long as possible. HODL investing has been one of the most successful strategies for people who invested early into bitcoins, and the good thing about is it that you don't need to spend a lot of time researching markets and making new trades. Like you my goal is owning 1 BTC, until then I mostly focus on buying a few Satoshi every month. Once I reach 1 BTC my next goal is to start building up more alt coins.

@OP has a good plan of investing in bitcoins every week and if he keeps at it until the price starts increasing, he can collect more bitcoins and sell them at the next high price. I plan to sell my bitcoins at $100k (although I don't know when that will happen). And at least I did the same as @ OP and so far, I've managed to buy and will continue to do so until I've had enough bitcoin.

We may see the next high price before or after the halving, which will be a high that we cannot even imagine. And if you can sell at that high price for many bitcoins, you can buy many bitcoins when the price goes back down after hitting a high.

This is entirely dependent on the individual and the price at which he or she wishes to sell, as we all have different preferences, and the price at which we purchased is different. In my opinion, the only time that I would sell my bitcoin is first if we are in an emergency situation in which I need financial assistance; whether it was a loss in profit, it is still okay for me so that I can use it in an emergency, as this is my first reason why I invest and hold on to bitcoin, and the second is when the profit I've got is so big that I can't handle it anymore.

For someone who is not intelligent enough to find his old topic and opens a new one every 20 days with the same questions, I can only say that I do not hope that the whole thing with investing in Bitcoin will be successful. No one can give you the perfect answer, nor can they take you by the hand and lead you in the right direction - be a man and stand behind your decisions >:(

I see the contradiction in your statement, if you are not holding bitcoin for financial gain but for transaction purposes, then you don't need to buy and hold it from now on, or you can also buy and use it from now. Buying and selling bitcoin will never be difficult because this is a trading market as long as you have money and you can buy it at any time, so to say that holding bitcoins for the future without profit is not entirely true. I know that not all bitcoin users are speculators like me, but I really haven't seen anyone holding bitcoins who don't care about the profits it brings.

Though, the way you buy Bitcoin every week is good DCA (Dollar-cost averaging) strategy, but it will take you quite long time to accumulate one Bitcoin. Beside buying regularly, I would suggest increasing your Bitcoin through earning it by joining bounties or providing service and receive your payment in Bitcoin, as well as learn technical skills to generate profit by trading, which is not easy but possible because Bitcoin very volatile currency and volatility is a gift for those who are well skilled and know how to take advantage of it.
 
I hope to see next ATH (100K or more) after the halving which is likely to happen in 2024. It will be good opportunity to book profit for those, who have been patiently accumulating Bitcoin since Novermber,2021.

If you witnessed the last all time high, you would know the answer. So, if I were you, I'd wait 'till it makes to $60,000 or more to make more profits, but even it pumps up to $30,000-40,000 then sell it, it's still a profit. To make it even more simple, selling your accumulated Bitcoin at a very low price would vary on your level of satisfaction. It would be better if you know yourself on what price you are willing to sell your Bitcoin where you would be happy and satisfied to avoid regrets.

it depends on whether one sees bitcoin as a long term investment or a short term investment. i see it as a long term investment but my opinion may change depending on the state of the market and global changes

Trying to hold until 2029 that's really good investment but you can also consider the strategy which I am going to tell you which can speed up the accumulation process so by the time you may have 2 bitcoin instead of 1 but everything comes with risk.

Imagine you're accumulating bitcoin until 2025 or until you feel this is the peak of the bullish season and sell of everything then wait for the next lower price and just buy bitcoin with the whole amount so if you had 1 bitcoin and sold it for 150K then you're buying again at 75 to 80K then you can buy 2 BTC with the money you have and also another 4 years to accumulate some more bitcoins.

I like your plan but to implement it is not easy, hold bitcoin for 8 years and not sell it when the bull season comes, it's really a huge challenge, I think I won't do it. Instead of trying to think of selling it during the bull season of 2025 and will wait for bitcoin to fall back, we will buy it back at a lower price. It's also a way for you to quickly reach your 1 BTC goal, think about it.

Making a profit even if it's small or big but still, that is a profit and now it varies on your satisfaction, if you are satisfied with a small profit it is up to you, and of course, with a large profit this depends on your satisfaction. So I think setting a goal where to cut your profit would be the best option here, as long as you are not selling your BTC under the price you purchased. But we have a different goal of making a profit, too high the expected price would take some time to wait because the next bullrun will probably come every four years when there is BTC's next halving. So I rather wait for the higher reward and accumulate while I can.

I'd say, the right time to sell is once you're okay with the market price and the profit to be earned, 'coz in my case, earning 10% from what I have invested is a decent profit already so maybe it will just depend on your satisfaction as an investor. If you are a long term holder then for sure you'd be having high expectations of the potential market price, which would push you to just continue holding. Best thing is to manage the risk; it won't always be on an uprise direction. When I did lomg term investment before, I was still selling and entering the market again depending on the situation than to just hold it for years. Indeed, for sure it would be tempting. How'd you know that it is already the ceiling price, right? Also, it would be better to enter and sell as a cycle to make maximum use of the market price volatility of Bitcoin. You'd never know until when will you be able to hold 'coz there will be times you would be pushed to sell due to whatever reason possible. Managing the risk, therefore, is the best thing to do than to just stick with a single plan of just holding for years.

You're doing the correct approach, just keep on accumulating and sell whenever you think is profitable, bull run may it be or not. The important thing of what you're doing is the discipline that you're building that you're buying weekly and that's going to be a practice that you'll keep on doing no matter what price bitcoin maybe as you buy it. I might sell whenever it's up and back again starting $40k, DCA on a selling position and something like that is also a good approach for you to not miss those highs.

If i should have a surplus money i would have accumulate more Bitcoin knowing that it will increase, so therefore this is the best time someone can as good as to invest in the Bitcoin just waiting or expecting that in 2024 and 2025 Bitcoin price will increase, the more you have money it should be the more you invest in Bitcoin knowing that one day the price of Bitcoin will increase, so whosever that invest now or accumulate it's Bitcoin invest is sitting trap for bullrun

I absolutly think that BTC will rise again and I prefer not to sell.
We have to just wait and see. :)

I don't have a final exit for Bitcoin, I see people talking about selling BTC at 100k is that the final? Because my strategy is to always get in and get out to be able to get in again, we all know that BTC always have it's cycles, buy at 15,000$ and sell at new ATH, for example 60,000$, take profit and put aside some for buying back sake.

Keep repeating this in every cycle of bear and bull market, I believe this is the best way for investors to grow bigger and better.

I'm always hesitant to sell crypto at triple the price all the time so it depends on me how much price I bought the bitcoin at. For example current price of bitcoin is like $17000 so if I buy bitcoin now then I will sell it only when the price is above $50000. If I get triple profit from something then that is a big profit for me so I don't wait for more. This is my desire and my thoughts

For now of course we all have invested in bitcoin because of the decline that occurred last year, many investors are buying up bitcoin for their future investment, and now there are many investors who hope that an increase in the price of bitcoin will occur soon and we will all stay survive if the price doesn't go up, and I also won't let go of the bitcoin that I have if the price is still below our expected value, if we have achieved big profits then at that time I will release all the bitcoin assets that I currently have.

Buying and selling Bitcoin is indeed a common thing for now, because there are still restrictions on using all Bitcoin utilities. Investing in Bitcoin is an alternative to making decisions besides using it for transactions. As we know that investing always has a certain price target to sell both long term and short term. For the current phase I don't think I'm dreaming too far, Bitcoin is back to 30k I will definitely sell it because basically I have to take profit from the Bitcoin I bought before.
To be honest, this depends on each individual person, both from the conditions and the situation, what is the price limit that must be taken to take advantage.

The answer might differ from person to person to be honest. But that doesn’t mean selling at low price is bad. Some have bought the Bitcoins at 16k usd, for them selling at 20k usd will be profitable. Now there are some big people who think of long term, so when they buy any Bitcoins, they do it for longterm. Hence after buying, they don’t check the price for atleast 3 years. If you ask me then I but Bitcoins regularly at different price. I only them when I need some hard cash. If you ask me for a number, then I will sell at for 150k usd at max.

I like your long-term plan, but if you accumulate bitcoin as you said, it will take a long time to accumulate enough 1bitcoin as you want. Because over time bitcoin price will go up, and if bitcoin hits $100k, your accumulation will be more difficult. I see some people give a very good suggestion, you can try that, sell your bitcoins during the bull run in 2024-2025 and then wait for the bear cycle to come, when bitcoin drops like what is happening, accumulate from there. With that strategy, I guess you will own more than 1 bitcoin, not 1 bitcoin.

Before getting big profits I still maintain the bitcoin that I currently have, although there is currently no sign that bitcoin's rise will happen soon but the achievement of the new ATH we will definitely feel later, everything needs a process so we must rely on patience so that everything we want can be achieved, so never give up on the current situation and rest assured that the bull run will definitely happen again, and those of us who are already in a very tough phase are coming to an end for this year or the coming year, there are stages that must be done so that the best possible strategy so that all can be achieved.

You collect bitcoins and sell them later if the bitcoin price is a bull run, yes that's a good decision. but we will not know when the bull run will come. and also we will not know the next bitcoin bull run, whether it will be like 2021 or not. or it could be the price is higher than the bull run price, bitcoin 2021.
but in this case we must be wary of bitcoin prices for the next bull run. and what I mean is this.

1: if you are investing and the bitcoin price is already very high, and there is already a big profit, just sell it, because we will not know how much the bitcoin price will be in a bull run.

2: don't be greedy for the benefits we get, because usually greed can cause losses or lose good moments. for example, not selling when the price is already high, because we think the price will be even higher, but not long after that the price drops again.

3: actually in bitcoin investment trading, we compete with other investors, especially in terms of selling, which is whoever gets it certain fast.

but in this case the decision is yours, and I personally will sell bitcoin when the price is very high, but will not measure it at the price you said, because we will not know the price of the next bull run.

Since many investors used to sell their coins during bull market, which is the best season for genuine investors to sell their coins without fear of loss  in the market. I have invested huge amount of money on Bitcoin and, invested little on altcoins in this bear season because, I believed the price of Bitcoin and altcoins will surely increase higher next year 2024 before I will sell  to achieve what I want from my investment.

My ultimate goal may have changed after bitcoin actually proved to me that x3 of the previous ATH was achievable.
So at least x2 of last year's ATH is a target that is likely to make me sell some of my bitcoin later, so if bitcoin can get to x3 of last year's ATH then I will certainly make a good profit there.

Even if the bitcoin don't hit the mark I was hoping for, it's not really a problem for me especially as long as I can afford to hold them in the long term. I'm just trying to consistently invest in bitcoin. It's too gray to know what the next ATH will be, but I hope $128K is not imposible.

Like me, I am trying to accumulate bitcoins during this down season, and my plan is to sell them when the bull season comes. For example, the bull season is in 2025, then I will sell them for x2 or x3 profit, and I will keep waiting for the bears to come to accumulate bitcoins again. The market only has 2 up and down cycles, so just do it right, buy when the price drops and sell when the price goes up, we have succeeded. Don't try to think too highly to make things more complicated.

So far I am not even thinking about what the price of bitcoin should I sell. I haven't even transferred some of my losing stock investments into bitcoin. I am still occupied by the excitement and determination to accumulate more while the price is still low. Maybe I will not sell them unless I need to use the money but I am hoping to hold it as long as I can. My primary goal is to earn life-changing profits out of it and not the small gains from small and temporary pumps.

Another plan to maximize my bitcoins is to trade. Maybe I will start trading again this year.

Each person will have a specific goal, no one is the same and it depends on the price you buy. Since we can't know where the bottom and top of bitcoin is, I think we should have a specific plan and price target, not be too greedy.
The important thing is not to be too greedy, not to set the target too high, and to give the right price and the right profit to achieve. There is no need to regret if we do not sell at the highest price, being too greedy will sometimes make us lose.

In this regard one person's intention may be different. A holder may think differently to what a trader would think. There is a less chances of similarity of thought with these two types of people. When you sell bitcoin is entirely up to you. You can buy bitcoin at a low price and sell at a small profit or hold them for a long time and take more profit. It will basically depend on the condition of the individual purchase. But my thought with bitcoin is that when I get 2-3x my investment I will sell bitcoin and try to buy again when price will drop. There are many good holders who will sell $100k or $200k at this price after holding for a long time.

A good plan that is worth continuing according to ability. Don't be pushy.

You've started to deviate from the original good plan. It's worth thinking about it again so that the thought of selling doesn't come up again.

We also feel the same way regarding the price that will be reached when the new ATH happens. But somehow we felt that every time we heard the phrase sell, we always thought that it was not the right plan.

Investing is a smart move in organising finances for the future. Of course, investing in Bitcoin is a solution for those of us who choose the crypto space as a means of investment. It is not impossible if you also choose Altcoin for you to invest your money, but Altcoin will never be the same as Bitcoin in maintaining the value of our investment.

I believe in Bitcoin as money, so if there were more options available, I'd use it as money in my everyday life whenever I'm low on fiat or when we are, say, no more than 50% below the ATH point, which I'd consider good purchasing power for Bitcoin. In case of the op, buying at $17500 and waiting for profit, I'd be happy with 5x profit, I think, but if the investment amount makes more sense over a longer period of time with higher profit, I don't see why not wait for 15x or, alternatively, for the point Bitcoin investment reaches a value that would enable to significantly improve one's life (buy a flat if renting, start a business if it has been a dream, etc.).

Your feelings were right @OP. Times like this or the bear, is the best time for accumulation but it looks so wrong if you will think about selling right after you bought your coins. It seems clear that you are too excited but you should minimize that feeling if you want to successfully earn a great profit. Not only that but too much excitement can also lead you to lose money.

The expected bull run is said to happen in 2024 not 2025. It is still far so it is still possible for you to accumulate more coins. Just believe in yourself. I know you will still be able to reach 1 BTC soon. If you have less money in your pocket then find a job. If you already have it then do some side hustles. Good Luck !!

When to sell is a very personal question as it depends on too many factors that are different for each person, there are holders out there that are not planning to sell their coins at any price, and while this posture is great it is not really something that everyone can do due to their economic situation not being that great, now even those which are doing well do not have that kind of commitment either, and they have set in their mind a price at which they will sell their bitcoin if we happened to reach that level during the next bull run.

17.2K

 ;D

No doubt, the value of Bitcoin will increase significantly , and most likely it will break all previous record by making new ATH. We should buy & hold it by taking advantage of current low prices which is life time opportunity & we might not see it again.

Selling Bitcoin is never a good idea unless there is urgent need of cash which you can not be met through the sale of  other assets but I would sell my Bitcoin if its value reaches to point where 100 satoshis is equal to 1 dollar, means Bitcoin price reaches 1 Million dollars.

if you enter at the low in 2022 where the btc price hits $15461 of course you already have a small profit if you sell now, but holding long term is pretty good because of the prospect of high price coming in years to come. patience is the main choice to reach the next ATH, For Op you are doing quite well where you make purchases gradually every week, I think you will accumulate at least 1 btc in the target going forward, for me holding in the long term is quite well done, especially in the market situation that has not recovered from the crash at the end of last year.

I'm sure like the op said the price of btc could reach $100k or $120k in the coming years, but can you hold it in the long term, because someone loyal holders will not sell btc if the target is not achieved.

Hope you had a successful trade, because Bitcoin is 17,277k at the moment but what I will like to ask is, what is the level difference between the present price and the price of bitcoin when this thread was created?

I believe the bitcoin dollar cost average shouldn't be a template for Bitcoin exchange and since bitcoin is an asset I wouldn't, cost it pruce with a dollar even if that is the exchange currency, so in essence, what I mean is we should give a long term view to Bitcoin rather than rushing to sell whenever the price sprung up a little.

If I haven't read this I won't noticed that BTC just jump a lot. That's nice and I hope this would continue now. This is something that makes us all happy and to feel positive once again as we see that our portfolio is recovering or increasing again and then there is this thought of earning a big profit later on.

Anyways maybe the guy is a short term goer and he already bought at the dip or during BTC is at $16k level and he is confident of selling it after some recoveries and maybe he even did it right before you right your response on this thread. Now he is waiting again in case price dips again but he has some coins left to sell for further pumps.

It's not about the price for me, it's about how I feel about crypto at that point. It just means that if I could sell and live a good life then I would sell it, that just makes a lot more sense. If I need to sell to pay for something urgently then I would sell in that case as well because I have to and not because I want to. Aside from both of that, I do not think that I would sell, I will hold no matter what the price is.

Going down or up doesn't matter to me, either I have to sell it, or I already have enough money because those are the only two reasons that makes sense to me. I believe that if enough people did that, we would be a lot higher right now.

live a little and risk some btc trying to buy low sell high.

Its not a lot but only a few percentage increase just like on a normal day that we do have in cryptospace, it is really just we are really been appreciating the current movement because its been a while that we arent

seeing the price had moved up lately but rather it is really that moving sideways which we do even forgot for a market to have some green or increase.lol. On what price we would really be selling.?
It would really be depending on your own choice as an investor or trader on where your selling spot or point would be and this is really varying on  someones choice and decision because not all would really be that
the same.So we do have our own decisions on which point we would really be making out such move.So it does really vary and depend.

If you look at the history of bulls that have happened to Bitcoin, that means there is a possibility of another bull on Bitcoin in 2024 even though you think it might happen in 2025. But I see from the evidence that it has happened in the past and it is likely to happen before 2025. The advice you give is actually advice that is very common and has been done by many people in the past and is also still used by some people today. So no one thinks complicated if it is to achieve better profit for themselves.

It is key to have a long term plan which at the same time is down to earth when it comes to the profits we expect to get, it is common on the altcoin section to read the posts of newbies which are looking for huge profits in a very short amount of time, you have way more experience which is why your plan is no only way easier to follow, as it is very simple, but it will also be very likely that you will obtain your desired results, and while 2x or 3x may seem low to some this is very high as it can take you years or even a decade to get those profits in other markets.

expecting too much will bring you more failure mate , why not just  try selling once another ATH reach since you only accumulate when the price is 17k level? that is too greedy attitude looking for x10-15 from bitcoin ,  there are many of us have been greedy for how many chances and yes they blame their greediness for not selling when the value take 60k and now wondering when would this happen again.

Well the lowest low for this year is around $15k so if by chance in the next bull run with will see like $150k-$180k or higher, then it's a good thing to invest today still as the price is very cheap and you an achieved that kind of profits or even higher.

So I do agree with people who accumulates in this bear market. This is just the chance in this cycle to save as much as we can and look at where the next bull run with take us. It could be x10 or something like that, so that is huge profit for all of us.

Without a doubt for someone that invested at the bottom obtaining 10x with bitcoin is possible, still when it comes to making projections about the profits we could reach it is better to try to remain down to earth, so 5x to 6x should be more reasonable for someone which invested in bitcoin but was unable to buy at the bottom and sell at the top, but even that mount is huge as most likely the top of the next bull market will be reached towards the end 2025, so we are talking about massive profits which an investor could make in less than 3 years.

Do whatever you wanted and we will do ours lol.

but when will be I am selling? well ready now , waiting for 30k(if possible this month) and going to wait for another dumping soon.

this is surely just a small jump as we are far from halving , maybe a little increase will make me have some added holding if I sell now and buy later this year.

I think 5x is already good return of investment minimum for Bitcoin, or at least if you are going to buy during the start of the bear market, 2022 and then maybe sell it at the highest during the 2024-2025 bull run.

I think there will be a huge price increased in 2024, but the final all time high could be reach down the road until 2025.

Yes, it could go as high as $200,000 if you know what I mean, so that will be more than 5x if we have invested at around $15,000-$18,000.

You can't plan so accurately for so many years ahead. What we do know is that times like now are good, or better times to buy and bull markets to sell. You can accumulate and between what you accumulate and the revaluation make partial sales but always keep some bitcoin because if it continues as we expect it will be the most valuable asset on the face of the earth, and I am not just referring to it in the economic sense.

Although it's all speculation, and I don't think he is greedy, the expectation of $250k in 2030 is not too high. I also know that as bitcoin gets bigger the price increase gets smaller, but for bitcoin nothing is impossible. Another thing is that he is emphasizing accumulating full 1 bitcoin, and the goal of holding 1Bitcoin is the real goal he is talking about.
But if I am OP and bought bitcoin for 17k, then when bitcoin hits 100k, I will consider selling all. Then I will wait for the bears to come, and I  start accumulating again, so owning 1 bitcoin will happen faster.

If you run for an amount, then definitely you will be lured for more profits and hence you might miss the golden opportunity to sell the Bitcoins. Make a target for percentage of profit, like some have planned they will take 80% profit of their buying price. In this manner you can really make the desired amount and won’t fall for profit traps. I know this opinion of mine, might vary from other people, but still it’s the best way to calculate and cash out the Bitcoins.

There are dozens of speculations & predictions of Bitcoin prices currently circulating on the internet, with different Bitcoin experts and different prices especially towards the next 1-2 years, that's what I see, maybe you see that too.

You have 1 BTC with a purchase price of $ 17k, want to sell for $ 250k, my assessment is speculation too far, in the period until 2030, but it doesn't matter that the crypto world is a little difficult to predict even though something must happen and impossible to happen, bottom line: you have to be committed to your investment in Bitcoin, you have to really stick with it and do it all, It's a shame when we know something is going to happen to the Bitcoin market, we have nothing to do but talk and speculate with no real results.

LoL yeah right. It was it's money but we also have ours so we can also do whatever we wanted to do with it. $30k can be a good price for selling now since we haven't been on this price yet after a long time. People must miss this price a lot. BTC price was spotted $21k I think last day but unfortunately it is back at $20k again.

I am afraid it's a sign that we will hang out in this price for a while. The days are still moving so maybe the $30k that you assume can be delayed and will be reached instead in February or March. In my case I think I will wait for the BTC price to reach a new ATH (preferably $100k) before I sell my stash as I am more into longer terms.

once again it stayed at 21k today and this is a good welcome for the half of first month , maybe i this continue sooner 25k will be on this and may buy another more once it shows going to 30k.
even if? yeah I can keep waiting and can trust the market for that matter because we have seen many of these act in the past and if we are ready for what to happen then this will never be an issue I guess.

as it was showing good increase recently and accurately strong going up to more that 20% in just couple of days? yeah accumulating now is the best way to show our support and love for bitcoin.
I don't wanna ssume selling any time soon but once there is a great increase like 40k just these coming weeks? then i would rather selling and wait for another lower movement.

The idea of bitcoin investment is to make profits out of it. It's good to have a particular price tag before selling, it is also good to sell when there is little profit to your investment in bitcoin, and reinvest back when the market is down.

Every one of us has his or her motives for investing in bitcoin and the price he chooses to sell. The goal is to make profits from every investment we made in bitcoin

Anyone who started buying Bitcoin and store during the time when Bitcoin started to depreciates are people that will make huge profit during now that Bitcoin has experienced another shape of green color. so i believe that Bitcoin the increment of bitcoin right now will not go far, so therefore i will encourage anyone who wants to purchase Bitcoin to go ahead and buy for future and benefits of bullish season that will soon approach cryptocurrency market.

5x is a high amount and being part of a single bull cycle should be more than enough for most investors to increase their standard of living in a significant way, but despite this truth newbies keep looking for altcoins in which to invest, and we need to wonder why? And there are two simple explanations for this, the first one is that they cannot limit their greed at all and they want to obtain as much profits as they can, and the second explanation is that their capital is very low and they need a very high growth to obtain meaningful profits.

For several months we see Bitcoin price going through a lot of dumping. But this is the right time for many people to invest in Bitcoin during this dumping period and then sell when the price increases several times.  Then they have a chance of getting a lot of money. There is very less chance of loss when investing in Bitcoin.

Purchase Bitcoin in this season will be favourable to those that wish to become great in future, because the price is still low for such investors to visit the market to buy and hold till the price change to their expectation before they can sell. Those that bought Bitcoin early last year when the price decreased to a point were investors rush to embraced the opportunity, because it has been long they have been waiting for the price to decreased to a certain amount before they can buy huge amount of Bitcoin. Now that the price of Bitcoin has increased to $21,423 yesterday showed that before the end of this year investors will start selling their bitcoins to make something good from the market.

They should remember that it's not going to be something short term though, I mean it is clear that we are not going to end up with something profitable in a month or two, it may take as much as a whole month. I am not saying that it's going to be easy or difficult or anything like that, all I am saying is that you need to learn how to control your feelings and if you could make a profit based on holding, which is easy to me but hard for many, then you should be fine.

Just buy now, and hold it for a year at least, more if you could, and if you are not ready to hold it for AT LEAST for a year, then you shouldn't buy it at all, you should avoid it as much as you can.

I agree, I consider the minimum amount of time needed on average to obtain profits on the market to be of one year, however the more time you can hold your coins the bigger the chances you will become profitable and the higher the profits you will get, yet newbies do not want to do this as they imagine they can obtain more profits by buying altcoins in a shorter amount of time, and while not entirely false they forget very few investors can obtain results like it.

It depends on the angle we look at Bitcoin. Buying and selling are activities to make a profit. When we buy an item at a low price, of course we will sell when the price has increased and the profit is already there after selling it. But for us Bitcoin is not an item like that.

Bitcoin so far is still a long-term investment asset and still keeps it well in the wallet. Until now, we still hold it even though we sell it now, we will definitely get a few percent profit, but that is still not enough to convince us to let it go.

Remember that some people don't have direct specifications or duration of selling their Bitcoin. But but a good investors knows exactly when to sell out their coins and mostly Bitcoin. Because Bitcoin investors have a target and the target of Bitcoin investors have to come to manifest when the price increase in the market. So actually every investor objectives to is to make a profit.

It's only the newbies in cryptocurrency investment that can only invest when the market is high and sell when the market is low, and what lures some of the new investors of Bitcoin to speed up and sell out their coins when they notice a heavy falling or bearish in cryptocurrency and especially bitcoin, is fear and lack of understanding the rotational price of Bitcoin in crypto market . The ambition of every person who purchase Bitcoin is to sell when the price accumulate higher, so that they will be profit at the end.

In the next uptrend cycle, I will sell my bitcoin for around $150000 (less or more depending on the situation at that time, there will be more analysis). Bitcoin provides us with an undeniable opportunity to make money every 3-4 years period. In my opinion, it's best to have a long-term investment strategy and not to panic during short-term market fluctuations. So for the preparation, right now, accumulating bitcoin is the most important thing to me. I will work hard in order to buy more bitcoin and not just bitcoin, some cryptocurrencies like Solana and ICP are currently at the top of my portfolio list

Decentralization is the future of our society and I believe that Bitcoin, with its decentralized nature, is at the forefront of that movement. It's not just about making money, but also about supporting a new financial system that gives power back to the people. In bitcoin, we trust

You selling target bitcoin is too high but you are very consistent to hold bitcoin assets until it reaches the highest price, the long term period for bitcoin holders has never been disappointing based on the annual listing history that bitcoin has achieved and we must be prepared to go through various major corrections that may occur before the bullish period, the situation was not that many holders were still holding out to hit the bitcoin sell target and some might be taking profits. But I'm not too high on setting a selling target for bitcoin for $80k because of the realistic price that can be reached if the price has exceeded the previous year.

That is clear. The main target of investors remains to reap huge profits behind their investment in Bitcoin. Any price target set will be allowed to stay there even though it will take a long duration of time. The average investor targets a profit of 50% of the purchase price.
If the purchase price is at $16K, then the opportunity is to let go at a price of around $30K-$32K.

They are not familiar with the situation so they do it that way. It's worth mentioning that these types of investors are beginners. In my neighborhood there are people like that who bought when the price of Bitcoin reached $60K and now the position is all wrong. When I asked why he could buy at that time, the short answer was because of a friend's invitation.

Many of the beginners they are ignorant of knowing the methodology of buying and selling of Bitcoin and also the different between investment of Bitcoin in long term and short investment. So therefore i believe that if new investors of crypto should know the rudiments they wouldn't involve in losing during their investment. But i noticed that so many of them doesn't like know all the possible steps before they involve into cryptocurrency investment and especially bitcoin. that's should be one of the factors make some people to venture into disadvantages of cryptocurrency investment

Though it is very easy methodology that can be obtained if they are willing to learn it, at least around the basics of buying and selling or the basics of investing in the crypto space. If they remain ignorant, it means they are ready for the losses that will come to them. Meanwhile, we certainly don't want this to happen so we are always looking for a methodology that suits us.

Not pretentious, but those of us who still stick with the long-term methodology are not too bothered by the situation. Just waiting for the profit target.  ;)

If they are not willing to learn they remain ignorant, and that should be the situation we don't need to blame anyone for all this minor issues of understanding the strategies of making profit during investment and mostly in cryptocurrency. Lose come when you're myopic to sight the possible future or advantages of investment. I will say that those of us who is into long term investment is advantages for investment success. Because they don't panic and they have a target, and before running a long term investment they have scrutinized themselves knowing that for them to make their expected profit the investment have to prolong the time frame of their investment like interval of five to three years.so the short term investors obtain a minimum profit and it happens when they understand the system of investment.

It depends on what the money in question is meant for, if it was borrowed or it is meant to solve an immediate need. If it is a person money with no need in the future hodl for a long term goal and reap good benefit. But if the money is not yours just sell and do a refund then continue with the profit and hodl for long term goal.

Indeed, we ventured into bitcoin with the expectation of a higher return than other investments. So with a few percent profit, it's really not worth it for us to sell it. I want to make a bigger profit, so there is no reason for me to sell my bitcoins at the current price of $23k. I will sell bitcoin when it hits a new ATH or $100k.
Those who held their bitcoins during the fierce bear season of 2022, there is no reason to sell from now on, we deserve more, so let's keep accumulating and holding instead of selling from now on.

Willing to wait .

While I have sold some recently , but asking me now at what price I will sell? maybe 50k ? or till i see the market starts to dump when the bull comes in the next couple of years.

actually it is not the price that I am looking but the timing when or where to sell and which of my coins will go first.

Well, there will be additional analysis based on the current situation at that time. We can't be sure of anything but based on the historical statistic, $150000 is affordable. There will be adjustments since as time goes by, we will have more data added to the analysis so $150000 acted like an anchor. If the next cycle is like a rollercoaster, even $300000 is possible.

$80000 is an awesome price already. If you manage to accumulate a bulk around $15000, it would be a 500% in ROI.

In essence, other people's debts must be repaid because it is better and more comfortable to use your own money in any case, especially when it concerns the benefits that can be obtained in the future. Obviously it is better to use your own money because loans in any form must still be returned to their origin when the due date comes.

But if it is Bitcoin bought with one's own money without any loans from other people, obviously it is better to hold on for the long term if we don't need money urgently in life. Because Bitcoin is an asset that needs to be loved and cared for properly, so it shouldn't be thrown away carelessly at prices that are still cheap as they are today.

Whatever target you set, as long as we are prepared to wait longer, because the target you set is likely to take more time for bitcoin to touch it. With what we've seen in the bitcoin price period, that number is going to be very likely.
For some people are usually tempted by the price that bitcoin touches if they find a higher price than the price they entered. Things like this that we have to be strong if we want to hold on in the very long term.

So, what happens next?

It's clear that losses and regrets are what they get if they are reluctant to learn to see future opportunities in investing amidst the many spaces available for them to learn.

We don't think we are on the right track, but we have already enjoyed the ups and downs of investing in Bitcoin with a long-term concept.

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Long-term investments are always profitable rather than expecting returns on short-term investments. Expect high returns to occur as long as we still stick with long-term hodl. When the price is close to the ATH level that has occurred, it is unlikely that investors who have been holding and continuing to add to the portfolio will not let go because the profit target has been met.

Many people became more greedy once they see a consistent pump happening on short timeframe so maybe they should be aware about reversal that might happen if they can't afford to lose their money. So much better if they monitor close the market because everything could happen without our expectation so if they set a long term hold for their balances then good but if they don't have plan and just want to get a good profit on short time period maybe best for them to secure their funds while they see green lines still appearing since its hard to get caught by quick dumps.

Actually it cannot be said that they are losing money if they don't sell their assets, especially if what they are holding is bitcoin. They would be said to be losing money if they sold bitcoins for less than the price they bought them for.
I agree with you, that greed starts when they see the price going high, they forget what target they set at the beginning, in the end they have to wait longer, because in a short time a deep decline is possible.
If they see the price continues to rise they become greedy, it's different if the price continues to fall, they become very afraid, these are 2 things we must avoid.

Aiming for at least lowest of 80k meaning this will take me years before the final blow of selling but I don't care as I dedicated all my coins now to be Long term Holding.
I know that there are still flows but like what I said? i care no more because for how many times that I did a wrong decision in my bitcoin investment so why need to careless now still.

I'm happy because the current price is around $22800, and a week has gone up more than 9% or January has gone up more than 35%, this makes me optimistic that this year the market will rise, and I think the best thing for now is to keep buying, if you have profit at least 50% or reach $ 35k then it can be sold or held even longer because of the potential for a very large increase in the future.

of course when bitcoin meets its ATH point and maybe I can find that time at the next year's halving, namely 2024, the problem is reflecting on 2021 where I can sell at a price that according to my advantage, therefore for the current situation I and other investors will probably try to survive and try to collect as many bitcoins as possible.
sounds greedy, but it's profit that investors are looking for

Everyone has a target when to sell his/her bitcoin whenever they see the market is favourable for them to sell. But the main target of every hodler is to sell in a better amount that is when the market good for hodlers to make profit.  The price at which the market is going will tell at which price one needs to sell. Everything about bitcoin is unpredictable we make decisions based on how the price value goes , we don't make decisions by imagination or prediction.