ivomm has a point.
I am pretty sure many of us here will be lining up to sell most of their stash as soon as we see any price above $10k. Only a handful of people will be left when it hits $15k.
And after $15k its a huuuge huge gamble.
Just like happened in 2017 when people saw $1200-1500, many people dumped their shit but then it went to $20k.
The thing is, you don't know what'll happen when it passes $20k.
It can go as high as $100k, maybe 200k... or... It may start to fall after reaching $30k.
Hard decision to make for many.
*It is better to set yourself a target and wait for it till it happens. That's what I'll do.
This is called resistance. And yes there may be quite a bit of it between 10 and 19k. But selling there would be betting on the idea that Bitcoin is a failure. And here is the thing... if Bitcoin is a failure then everyone here is really just singing in the choir of the Church of the Bitcoin Cargo Cult. If Bitcoin is a failure then chances are it's seen it's all time forever high. In this case it would most likely be best to sell now.
But if Bitcoin is not
yet a failure, then we WILL eventually see new all time highs. It is impossible for us not to.
Bitcoin is still *the* *most* asymmetrical bet you can place on a large scale.
If a person is uncomfortable with the amount of the bet? Then selling is advised. If they are in so much profit they want to hedge Bitcoins failure then selling *some* is advised.
I am pretty sure many of us here will be lining up to sell most of their stash as soon as we see any price above $10k. Only a handful of people will be left when it hits $15k.
But I think you underestimate some folks here. Some of us have been through the fire a few times already... Some of us are even buying more. Some here will hold until bitcoin is either worthless, or a global store of value at least on the scale of Gold, and possibly a global money that you will no longer buy and sell... but will pay a bit to move onto layer 2 where it will be used for all kinds of transactions.
With Bitcoin I am currently betting on Layer 2. And putting my skin in the game there. I am not going to let go very easily.
Chump or champ? One or the other really... time will tell.