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Author Topic: Here is What Price i Will Sell My BTC During the Next Bull Cycle  (Read 371 times)
gogoi (OP)
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February 15, 2020, 08:32:18 PM
Last edit: February 15, 2020, 09:21:20 PM by gogoi
 #1

After receiving messages and requests from my popular video and thread on Bitcoincointalk, "Bitcoin Halving Price Prediction $55,000 - $130,000" I decided to do a follow up on what price will be selling my Bitcoin during the next bull market phase and why.

https://youtu.be/HxIdyjmeJsc

I am always open to learning and growing my understanding while at the same time want to help as many people as possible. I believe this is a valuable resource for the community.






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February 18, 2020, 09:29:19 AM
 #2

It is unrealistic. Just compare your desired market value with the current price of Bitcoin and see how far the difference is. If there will be a bull run, the market price would really increase but volatility will always exist given that it is in nature of the price of cryptos not only Bitcoin. With that being said, we cannot expect that its price will CONTINUOUSLY increase and for how long will the uprise be consistent. Also, the desired market price will only be achieved if there will be a consistency with the uprise which is impossible if we would base from the past.

It is not wrong to make assumptions of your ideal price of selling but if you are not aligning your expectations with the "reality" you would only earn disappointment especially if you have high hopes with regards to the profit to be earned for the next bull run.
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February 18, 2020, 02:05:02 PM
 #3

I still can't believe people who think that bitcoin goes up like that all the time and could potentially go up like that all because "it previously happened". That is really sad, these are people who understand about trading and they are well versed in many things but they are forgetting such small details that change the whole market so big and they make wrong calculations all because of that.

The problem of your calculation is the fact that the amount of money coming into bitcoin every time there is a halving changes and also the amount required to go up changes as well. It requires more money to go from $10k to $20k then it required to go from zero to $10k, let alone something like $150k+ price point.

So, you are free to think halving will make things go up year after (I do agree with that part) but $150k+ can't happen, this time it is not like the previous easy ones because price is already high.

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February 18, 2020, 02:51:17 PM
Merited by lionheart78 (1)
 #4

Where you have mentioned about your expected selling price range? I just checked the open post twice but I guess I need to open your link to know that whereas I hate out links for the purposes of what is the actual discussion. Please do not use this forum for monetizing your contents. You can include your links as this forum allows it but you must include what is actual needed for discussion.

People are making lots of threads by referring external articles but they also include the required content by quoting them. Why not you just do that so that clicking your links will be optional.
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February 21, 2020, 06:26:24 PM
 #5

You have given people what they need to hear, which is that the price will go up to record levels of "33,000, 55,000, 10,000" or other prices, but this will be very bad for your long-term credibility.

It is best to analyze the market logically, giving reasons that could push the price to rise or collapse while giving your opinion of what can happen and which scenarios are closer to reality.

Try to give ratings every week to measure your ability to anticipate and gain some good reputation.

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February 21, 2020, 07:10:00 PM
Merited by Baofeng (1)
 #6

just like it was never possible to predict the previous ATH to be at $20k when it was below $900, it is not possible to predict the next ATH when it is still $9000.
first the rise has to start, then the FOMOs has to begin then the bubble has to start building up and finally maybe during the last month of the long cycle we could come up with a much closer guess which still wouldn't be accurate.
you "predicting" it now is only making you look bad and naive...

There is a FOMO brewing...
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February 21, 2020, 08:28:40 PM
 #7

Where you have mentioned about your expected selling price range? I just checked the open post twice but I guess I need to open your link to know that whereas I hate out links for the purposes of what is the actual discussion. Please do not use this forum for monetizing your contents. You can include your links as this forum allows it but you must include what is actual needed for discussion.

People are making lots of threads by referring external articles but they also include the required content by quoting them. Why not you just do that so that clicking your links will be optional.

I also find it annoying to have people click for their external link just to know what they are trying to say when they can just easily write it down in his post.  



The first thing I saw the prediction of OP is way overboard, I lost my interest in hearing his target price.  I am sure his selling price will be unrealistic too Grin  (well OP didn't put his selling price target  here and I am too lazy to click OP's link to know the actual target so don't be mad at me if I assume a wrong figure).

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February 21, 2020, 10:29:52 PM
 #8

After receiving messages and requests from my popular video and thread on Bitcoincointalk, "Bitcoin Halving Price Prediction $55,000 - $130,000" I decided to do a follow up on what price will be selling my Bitcoin during the next bull market phase and why.

Nah, I'm just looking for the price to even just reach into $12k then I will seel my Bitcoin. I don't wait for that $55k coz that it looks out from reality and totally played by hypes. We're not getting that for sure and even reaching $20k is really hard. How much more for $55k? Maybe I was not an optimistic person but I'm not also being desperate to think like that and encourage people to wait until then because aren't sound possible to happen.

R


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February 22, 2020, 02:15:06 AM
 #9

After receiving messages and requests from my popular video and thread on Bitcoincointalk, "Bitcoin Halving Price Prediction $55,000 - $130,000" I decided to do a follow up on what price will be selling my Bitcoin during the next bull market phase and why.

Nah, I'm just looking for the price to even just reach into $12k then I will seel my Bitcoin. I don't wait for that $55k coz that it looks out from reality and totally played by hypes. We're not getting that for sure and even reaching $20k is really hard. How much more for $55k? Maybe I was not an optimistic person but I'm not also being desperate to think like that and encourage people to wait until then because aren't sound possible to happen.

If there's a significant rise of bitcoin price, I think that $12k is just optimal to sell once bullrun massively punched a huge percentage. This must not be ignored because the opportunity is unpredictable, so if it's not really urgent try to hold on still and just wait for the price to hit that $20k predictions.

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February 22, 2020, 04:03:39 AM
 #10

After receiving messages and requests from my popular video and thread on Bitcoincointalk, "Bitcoin Halving Price Prediction $55,000 - $130,000" I decided to do a follow up on what price will be selling my Bitcoin during the next bull market phase and why.

https://youtu.be/HxIdyjmeJsc

I am always open to learning and growing my understanding while at the same time want to help as many people as possible. I believe this is a valuable resource for the community.



That's such a huge jump from the current $9000 level, there's a lot of prediction but yours is something very high I also have my own prediction and I want to be moderate on it, because Facebook and China has not yet release their own coin this two coins will have an impact on the standing of Cryptocurrency in terms of adoption.

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February 22, 2020, 04:33:25 AM
 #11

After receiving messages and requests from my popular video and thread on Bitcoincointalk, "Bitcoin Halving Price Prediction $55,000 - $130,000" I decided to do a follow up on what price will be selling my Bitcoin during the next bull market phase and why.

Nah, I'm just looking for the price to even just reach into $12k then I will seel my Bitcoin. I don't wait for that $55k coz that it looks out from reality and totally played by hypes. We're not getting that for sure and even reaching $20k is really hard. How much more for $55k? Maybe I was not an optimistic person but I'm not also being desperate to think like that and encourage people to wait until then because aren't sound possible to happen.
12k This is a very possible price in this year, and I think it's too fast for you to sell your Bitcoin, after Halving, I'm very optimistic that the price of Bitcoin can reach 15k. So for me, I will sell my Bitcoin next year, a year after Halving happened. I hope the price of 50k can happen next year.
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February 22, 2020, 06:36:00 AM
 #12

just like it was never possible to predict the previous ATH to be at $20k when it was below $900, it is not possible to predict the next ATH when it is still $9000.
first the rise has to start, then the FOMOs has to begin then the bubble has to start building up and finally maybe during the last month of the long cycle we could come up with a much closer guess which still wouldn't be accurate.
you "predicting" it now is only making you look bad and naive...

This. Start of 2017 the price is ~$1k, then it goes to $2k then $3k, then people scream that the top will be $5k. I still vividly remember those discussions back then. But look at what happened at the end of the 2017. So in my case, I won't tell my price I'm going to sell because we really don't know what will be the top again. Maybe it can go to a parabolic rise again up to $50k, but we will never know until we crossed that bridge.

Of course we love predictions but I guess we also need to be realistic as well.

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February 22, 2020, 07:51:39 AM
 #13

Lately I have started to go through people ideas on tradingview and I have notice common market analysis. The next bull run is going to create high impact on the pricing. The 2017 high price is going to be break in an hour and we are going to wetness unpresident breakout that will keep bitcoin above $55,000 before end of this year.
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February 22, 2020, 10:05:31 AM
 #14

This. Start of 2017 the price is ~$1k, then it goes to $2k then $3k, then people scream that the top will be $5k. I still vividly remember those discussions back then. But look at what happened at the end of the 2017. So in my case, I won't tell my price I'm going to sell because we really don't know what will be the top again. Maybe it can go to a parabolic rise again up to $50k, but we will never know until we crossed that bridge.

Of course we love predictions but I guess we also need to be realistic as well.

Yeah, with you on this. The levels of discussion we see today on forums on social media, we couldn't find them om those days. Not easily, and certainly not as frequently. But they were just as rabid and just as convinced... and yet most of them -- like me and like you -- had to be pragmatic about things. We all love a parabolic rise, but we can't afford to put all our hopes on one, got mouths to feed and rent to pay!

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February 22, 2020, 10:40:27 AM
 #15

This. Start of 2017 the price is ~$1k, then it goes to $2k then $3k, then people scream that the top will be $5k. I still vividly remember those discussions back then. But look at what happened at the end of the 2017. So in my case, I won't tell my price I'm going to sell because we really don't know what will be the top again. Maybe it can go to a parabolic rise again up to $50k, but we will never know until we crossed that bridge.

Of course we love predictions but I guess we also need to be realistic as well.

Yeah, with you on this. The levels of discussion we see today on forums on social media, we couldn't find them om those days. Not easily, and certainly not as frequently. But they were just as rabid and just as convinced... and yet most of them -- like me and like you -- had to be pragmatic about things. We all love a parabolic rise, but we can't afford to put all our hopes on one, got mouths to feed and rent to pay!

I think the reason we are having such discussions now is because of the performance of bitcoin especially in 2017 December. This is brought many interest into it.

However, as for the speculated price after halving, I do think is not too unrealistic if we go with what happened in 2017 which I don't think was because of halving. So now that we are going to have halving, the $55k or $33k price isn't too much to reach.
For example, in 2017 at least we had close to 200% increase from the time price was $1k.
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February 22, 2020, 11:55:40 AM
 #16

This. Start of 2017 the price is ~$1k, then it goes to $2k then $3k, then people scream that the top will be $5k. I still vividly remember those discussions back then. But look at what happened at the end of the 2017. So in my case, I won't tell my price I'm going to sell because we really don't know what will be the top again. Maybe it can go to a parabolic rise again up to $50k, but we will never know until we crossed that bridge.

Of course we love predictions but I guess we also need to be realistic as well.

Yeah, with you on this. The levels of discussion we see today on forums on social media, we couldn't find them om those days. Not easily, and certainly not as frequently. But they were just as rabid and just as convinced... and yet most of them -- like me and like you -- had to be pragmatic about things. We all love a parabolic rise, but we can't afford to put all our hopes on one, got mouths to feed and rent to pay!

I think the reason we are having such discussions now is because of the performance of bitcoin especially in 2017 December. This is brought many interest into it.

However, as for the speculated price after halving, I do think is not too unrealistic if we go with what happened in 2017 which I don't think was because of halving. So now that we are going to have halving, the $55k or $33k price isn't too much to reach.
For example, in 2017 at least we had close to 200% increase from the time price was $1k.

Well halving started in 2016 and it took months before we can finally see the effect on it. So in a sense it has something to do with dramatic rise and the eventually bubble of December 2017.

Different times though, if you look at the historical graphs, the lowest low is around $3200, so for the sake of arguments multiple it x 200% = $64K, is that a realistic price if we ever see the next bubble? And how long does it take for the price to reach that peak?

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February 22, 2020, 12:10:06 PM
 #17

It should be clear to everyone that all the speculation we have today is the result of a reflection on the previous two halvings. The undisputed facts are that the first halving caused the price increase of 8000% and the second 2800%. If we consider these facts, then 1000% in the third halving would be quite realistic, which brings us to the $100 000 price tag.

However, such things should always be taken with great caution, because history does not always repeat itself, and some might use the next halving to play the exact opposite game. Personally, I think we'll see a new ATH in 2021, maybe even later this year, but it's not a hard fact, it's just speculation like everyone else's.

What usually happens after ATH is a major correction, and OP is an obvious example of why is it happening. So if you're thinking of selling, do it before things go downhill, and don't buy BTC during a bull run, buy it today.

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February 22, 2020, 12:26:39 PM
 #18

I think the reason we are having such discussions now is because of the performance of bitcoin especially in 2017 December. This is brought many interest into it.

However, as for the speculated price after halving, I do think is not too unrealistic if we go with what happened in 2017 which I don't think was because of halving. So now that we are going to have halving, the $55k or $33k price isn't too much to reach.
For example, in 2017 at least we had close to 200% increase from the time price was $1k.

Oh for sure, I mean when I properly looked at discussions in 2016, this was after the halving as Baofeng points out, and still a lot of issues grappling with post Mt Gox era, and years for dwindling nothingness, people thought the >1k price simply wasn't coming ever again.

It's not all the same now, and 2017 boom people also probably forget was a convergence of so many factors including the splitting away of BCH, the threats of the mining cartels, all that "civil war" drama -- which people predicted would tear Bitcoin apart. Maybe we need another crisis to emerge intact from?

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February 22, 2020, 12:34:03 PM
 #19

I wonder what year would it be before OP could finally sell his BTC.
The price is too high and too hard to reach right now but I guess we all have our target price before selling our crypto.
And OP is free to do what he wants with his crypto so there is no problem even if he/she sets it to a Million dollar per BTC.

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February 22, 2020, 12:55:15 PM
 #20

Well, we can all have dreams but reality is something different.
To expect to sell Bitcoin at so high price is exaggerated and you might never come to.that point. So, set more realistic goals that you can achieve instead of dreaming to become millionare over night.

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