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Author Topic: We are at peak BTC price.  (Read 524 times)
LogitechMouse
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Today at 07:17:22 AM
 #61

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I am now, for the first time ever, thinking about selling all of my BTC.

Why?

Because my siblings, who are very dumb, keep sending me screenshots about their latest BTC and ETH holdings. I fear we have reached peak BTC. The dumb money has arrived.

Should I sell, spend it all on hookers, or some combination of the two?
Well, anybody can claim anything, and it's up to us if we will believe on it or not. Don't worry if there are some people who don't believe in what you're saying. I can also say to myself that I have 21 BTC, and it's up to the public if they will believe me or not. Tongue

If you feel that you want to sell and take profit, by all means do it. If you feel that we're at the peak already then sell your Bitcoins. If you feel that Bitcoin's price will not surpass it's recent high of $124,000 already then sell it. Dumb money? Hmmm, I think the dumb money will come right after the FED cut interest rates because more money might be injected towards the market after that. Of course, it will not happen overnight, but in the span of 1-2 months or all throughout the Q4 of 2025.

Sell if you want to sell, but don't spend it on hookers please. Spend it on a casino instead. Tongue That would be way better.

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Today at 10:01:36 AM
 #62

I am now, for the first time ever, thinking about selling all of my BTC.
It's up to you whether you want to sell it all or make a percentage sale, but I think it's much more ideal to make a percentage sale, because maybe we can take half of the capital to buy back when the price drops again, and hold the rest for long-term investment.

Because my siblings, who are very dumb, keep sending me screenshots about their latest BTC and ETH holdings. I fear we have reached peak BTC. The dumb money has arrived.

Should I sell, spend it all on hookers, or some combination of the two?
This is really strange, it seems like you have a bit of a split personality because I don't know people would talk about spending money on prostitutes. What do you expect from all this: proof, about who's great, or just to show off to those relatives you mentioned?

When you decide to invest in Bitcoin, no one else should know about it, because investing in Bitcoin can be done independently without the involvement of any other party. So why do you care so much about this and wouldn't it be much better to focus on achieving maximum investment returns, rather than worrying about your brothers and sisters?

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Today at 10:42:46 AM
 #63

If you have really invested so much money in Bitcoin, then of course you are in a lot of profit now. If you need a lot of money, then you can sell some amount from here, and if not, then of course I would say you should hold it. Because we have not yet entered the highest price of Bitcoin because it will enter a higher position in the future. We have seen that when Bitcoin started, its price was very low but it has increased a lot at present and the popularity of Bitcoin is increasing day by day.
Moreover, you can search in different places and see that Bitcoin is currently being invested in many countries of the world and companies are creating their reserves. Basically, this is to help them financially, so if you own so many Bitcoins, I would say you should never sell it, but rather hold it, something good will come to you in the future.

I agree with you, because if the price of Bitcoin increases further in the future, you can expect more profits.
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Today at 12:37:38 PM
 #64

We are in September and towards the end of it we can see a big pumping in the market, I think the market may go up by mid-September.

It's just your expectation and hope, there's no guarantee of that. We need to be realistic that bitcoin is unpredictable, and its volatility depends on many factors like demand, economics and politics. Those are things we can't control, how do we know what bitcoin will be like tomorrow?

That is why most of our predictions are always wrong and very rarely right. Not only can we not control the factors that affect bitcoin, but we often make predictions based on emotions without any analysis.

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Today at 02:24:37 PM
 #65

We are in September and towards the end of it we can see a big pumping in the market, I think the market may go up by mid-September.

It's just your expectation and hope, there's no guarantee of that. We need to be realistic that bitcoin is unpredictable, and its volatility depends on many factors like demand, economics and politics. Those are things we can't control, how do we know what bitcoin will be like tomorrow?

That is why most of our predictions are always wrong and very rarely right. Not only can we not control the factors that affect bitcoin, but we often make predictions based on emotions without any analysis.

Let's say that we need to be very positive that at the end of this month or at least this year, we might still be in the bullish trend, thus maybe we can break $130k or even higher. It's free to make such prediction so again, be optimistic.

Although you also have to take into consideration on what you said, it's very hard to predict the market as it's unstable. But to overcome this negativity, it's better to really just continue to invest, in any case, we can still be in a situation that we are not going to lose. If the price goes up, then we will have our profits. If then then just hold and continue to stack sats for the future.

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Today at 03:04:41 PM
 #66

I am now, for the first time ever, thinking about selling all of my BTC.
It's up to you whether you want to sell it all or make a percentage sale, but I think it's much more ideal to make a percentage sale, because maybe we can take half of the capital to buy back when the price drops again, and hold the rest for long-term investment.
The move you mentioned is part of a small strategy I've also implemented in the past, where I sold half of my holdings to buy back when the Bitcoin price started to fall lower. Bitcoin always moves better after a correction ends, and this is usually more utilized by large Bitcoin holders or those who bought at a low price during the correction. And right now, it's fine to implement this strategy again because the Bitcoin price is still stagnant at around $110,000 to $111,000, which is an ideal buying range for anyone waiting for a price of $125,000 to $130,000.

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Today at 04:01:27 PM
 #67

We are in September and towards the end of it we can see a big pumping in the market, I think the market may go up by mid-September.

It's just your expectation and hope, there's no guarantee of that. We need to be realistic that bitcoin is unpredictable, and its volatility depends on many factors like demand, economics and politics. Those are things we can't control, how do we know what bitcoin will be like tomorrow?

That is why most of our predictions are always wrong and very rarely right. Not only can we not control the factors that affect bitcoin, but we often make predictions based on emotions without any analysis.

One thing that I have noticed in all these years is that when everyone is saying that the market will pump, it goes in the opposite direction. Similarly, when everyone thinks that we are going to the moon and there is too much euphoria in the market, it is a time to be cautious, take profits, and do not open more positions in the market.

Now if i give answer to the OP question, then I would say that if he is holding for long time, he can sell some of his crypto (in case this is the top) and keep some of his crypto with him in case the top is still not in. The reason is that everyone should play safe as no one knows the exact top or bottom of this market.


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Today at 04:27:16 PM
 #68

Just remember he claims he got in 2013 so say 1000 a coin maybe 16 coins cost of 16,000

he says he has 1,800,000 in btc now

he is  around 1,700,000 ahead.

If he held this long he would not need our advice.

He would sell maybe 4 to 8 coins

and hold the rest.


I doubt he has the 16 coins but if it is most of his wealth he is a fool not to sell some of them.  Just not all of them.

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