but we did go to the moon right?
i mean 20K is not bad right?
No, it wasn't too bad. It allowed for many people to finally gain some form of financial independence. However, minnows like me need it to go to $100000 USD. I long for the day that I can tell my employer good bye.
https://www.youtube.com/watch?v=EPrSVkTRb24No Moon
20K crap
my coins are easily worth over a million each
have to sell when you have to sell though.
When we can collectively devalue fiat dollars as far as we can go, bitcoin will be easily over 1 million.
No-one can stop the btc train
CCMF
Personally, I believe that it is NOT wise to play "all or nothing" strategies with your bitcoin investment, even if you have a strong conviction that each BTC is worth $1million. It is much safer to cash out of your BTC incrementally on the way up, and to play it safe, rather than to stick with your convictions that BTC is going to be priced at $1million and perhaps end up either losing too much of your investment, or your psychology or panic selling on the way down rather than on the way up.
I think that incremental selling of small amounts of BTC on the way up is better than betting too much on too high and remaining filled with hopium rather than practicalities.
Let me provide an illustration.
Hypothetically,
let's say that you have about 10 BTC that you acquired at the current price at around
$7,500 (which would be
a $75k investment), and you are generally bullish about the long term prospects of bitcoin while remaining somewhat skittish and skeptical about whether upwards BTC price movements are going to be sustainable.
You can decide whatever formula that you like for cashing out of your BTC in an incremental manner, but hypothetically, if you chose to cash out 5% of your BTC for every 50% that BTC prices go up, then you would be doing pretty good at various price points.
It would play out something like this:
With BTC at $25k you would still have 9.025BTC worth about $228k and $25k in cash.
With BTC at $57k you would still have 8.14BTC worth about $464k and $64k in cash.
With BTC at $85k you would still have 7.7BTC worth about $661k and $97.5k in cash.
With BTC at $128k you would still have 7.35BTC worth about $942k and $144k in cash.
With BTC at $288k you would still have 6.63BTC worth about $1.9million and $307k in cash.
With BTC at $432k you would still have 6.3BTC worth about $2.7million and $444k in cash.
With BTC at $973k you would still have 5.69BTC worth about $5.5million and $914k in cash.
The above sets of numbers assume that you do nothing else with your BTC investment, except for cash out 5% of your BTC value at the various BTC price points of 50% BTC price appreciation each time; however, you could be more active and reinvest some or all of your cashed out money on likely inevitable BTC price dips or you could choose differing increments to lock in your BTC profits... for example taking out 1% for every 10% BTC price increase.
More frequent profit taking will not decrease the amounts of your profits dramatically while it provides some peace of mind to pull out BTC profits more regularly and sooner (rather than waiting for what might not happen). You can play around with variations of incrementalism up the BTC price ladder in order to figure out a comfortable increment that works for you on a personal level.. rather than holding out for $1million per BTC.. which might not happen before you are dead (hate to be so morbid, but that is the truth of the matter).
The main point that I am attempting to make is to suggest that each of us should make a plan that is good for ourselves, and tweak our plans in such a way that is good for ourselves and still a reasonable plan that helps us to enjoy our BTC profits on the way UP (which BTC continues to seem to have decent chances of continuing to go UP, and having a plan will help each of us to deal with such UPPITY BTC prices at price points that each of us predetermine and can tweak at our own complete and full discretion).
Edit: By the way, I understand that each of us might not be able to buy 10BTC at $7,500 or have that kind of BTC investment starting point, but each of us can surely work a similar formula with smaller BTC investment amounts and also continue to invest into BTC in order to attempt to reach our goals (employing dollar cost averaging), without gambling too much of our assets in order to attempt to achieve our goals (or to defeat our purposes by gambling and losing)
Poll
