Profit taking! If you made 30% on your investment and that was your goal, you would sell and take that 30%. Its common sense and people are selling now to lock in the profits.
This was a very pleasant ride though, very very nice!
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The bubble has burst. Bail the F out!
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It has burst! Bail the F out and take profits while you can! Don't be the last one holding the can!
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Rather than give everyone a headache reading through the zeros, could you not simply have said $40 Billion?
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I am wondering, what would happened if I can get some cash to buy 3 BTC that means at the prices of this moment 1 BTC = 2,252 USD so would be 3BTC= 6,756 USD and forget that I Have them for 10 Years???
Will I be rich?? Will I have lost all the money?? Will I have just make a few extra dollars??
Would you do it??
If you don't buy the 3 BTC, you would be the most foolish person in this world. The investment is so low but the upside is extremely high. You should do it right away!
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NO ONE knows where this is going! To try to predict Bitcoin is foolish. What is not foolish is to take profits regularly and buy back in. A separate batch of HODL for retirement would be mighty fine!
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We are at a peak now. If you buy now be ready to possibly see your investment halve before a climb back again. Remember the $1300 in 2013.
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You never ever want to sell all out. Just sell a bit and try to buy back a bit lower but leave majority of it invested. Bitcoin has a huge scale to grow. You can see how quickly it went from $1000 to almost $2000. When it does reach $10,000, it will go from $10,000 to $20,000 not exactly similarly but you get my point!
Don't sell out and just sell a small bit and always try to buy back lower if you can. If not just HODL till it reaches at least $10,000 so you feel satisfied.
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There is a good chance that it will but its not certain. But in the long run it looks more and more obvious that it will gain in value so that alone may attract a lot of people to own it.
The only way Bitcoin will go to the moon is when people use it commonplace.
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It may easily reach $3000 this year. What is happening now is that BTC is leaving the hands of regular people and moving into the hands of investors because they are starting to see it as a very good opportunity.
Traders and org based investors are clever and will try to maximize the earnings through taking profits and reinvesting. The train will leave more and more amateurs behind as time passes.
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Here's my advice, if you really need the money then sell your btc if not then just hold it. I felt bad for selling mine last year at $700 I thought bitcoin won't go past $1000. If this keeps up I feel like we might see the price reach $2000 soon.
Alright thanks for your advice. I think once it reaches $2000 im going to sell it. You also have the choice to sell half of it and keep the other half invested.
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It shed a bit just now. Take your profits before we visit sub $1200 again soon.
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Traders will take profits and they love a down wave as much as a up wave since they have chance to cover positions. So yeah, it will go back down to a $1000 mark sooner or later.
Taking a look at history shows how volatile Bitcoin is and corrections are tightly integrated into it.
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Nice rise here and careful now the bubble will pop nice and quick as well.
Take profits while you can or HODL?
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I have searched topics with certain keywords to see if this topic was already there but I couldn't find it so moderators, I am sorry if there is. But, what I really wanna know is, what do you expect the value of 1 Bitcoin to be in 2022. So, in 5 years. All the experts, newbies...share your toughts. Sell everything you have and invest in Bitcoin, its obvious its the future. You should take out loans and borrow from friends and relatives and put it all into Bitcoin.
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Don't get too excited. Bitcoin's real value is below considering its 8 decimal places. The appreciation for Bitcoin is exponential, so you can expect growth in percentages so amounts like $10,000 is actually quite low as the adoption grows but supply declines.
$100000000
Note: Take profits when you can and get your investment out so you ride out the profits rather than risk it all. Nothing is certain!
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I heard rumors that Uganda or some other country is adopting Bitcoin as its official currency. Does not make sense to me at all for a country to adopt a currency it has absolutely no control over. I am not 100% sure but I think they don't have internet or electricity down there. In any case, the Central Bank would have to first make a reserve which means they would have to buy Bitcoins first before just adopting it. Anyway, would be dope if some country officially adopted Bitcoin!
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At any time, it will dive below $1000 mark. Traders will dump when the time is right and take profits. Be smart and take profits when you can, whenever you can.
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Its too late since it may go down at any time. You may want to wait to catch it at around $1000 mark.
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Do all people have internet and mobile phones in Africa? Even if they do, how exactly they are going to maintain a proper wallet without it getting lost or robbed? A lot of people cannot even understand how to get a wallet started and pay with Bitcoin to be honest.
But that's where the future should be going so we have a nice worldwide currency.
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