What will you do when Bitcoin reach$20k?

[jonathan6655321]

I was in the market few years ago when bitcoin almost reached $20k. I wasn't acting then (hodling for few years already) and I think a lot about when I should act next.

I wonder what other people who hodl bitcoin for few years plan to do.

Do you have a price in mind than when bitcoin will reach it, only then you plan to sell?

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[mk4]

Going to continue accumulating bitcoin as per usual. If 20k is your target price, are you even bullish? Those are rookie numbers, you gotta pump those numbers up!

While most of the people are here for the money, some of us are here for the revolution.

Do you have a price in mind than when bitcoin will reach it, only then you plan to sell?

[Mttewndew]

Perhaps I will sell half of my savings. Perhaps a smaller part. What I definitely won't do is sell everything I have.

[pooya87]

in reality $20k is just an arbitrary number that doesn't matter one bit. but when it comes to users behavior they are all known to build up imaginary resistances at previous all time highs, which is  why sometimes they are referred to as psychological barriers.
we saw this last time too when price got close to $1200 which was the ATH of that time (during 2017 bull run). people tend to sell more for some reason and regret it in about a month.

what would i do? mostly nothing because i don't day trade bitcoin and i have already bought what i could afford when bitcoin was undervalued. by the time we reach ATH we will be in a full bull run mode. if i had some extra money to dump to buy bitcoin then i would do it then like i always do.

[20kevin20]

To me, isn't a choice based solely on price. It's something that will depend on a lot of factors actually, the crucial one being Bitcoin's legal status around the world. I would not sell for a very long time and just keep accumulating instead, but if I find it a defeat against the authorities, I might reconsider. This is like talking about the choices I'd make if and when Bitcoin touches $1M - is price the only decisive factor?

[maydna]

I am still accumulating bitcoin, and I still try to make more bitcoin, but I also want to sell bitcoin at that price since I want to repeat the memories that I've already had before

$20k is not my target price because I am sure that the bitcoin price will be more than $20k, no matter if that will happen this year or next year. So when I can see that price again, I am still trying to calm down but will sell some bitcoin to make another profit. I hope that the next new ATH will be more than $20k, and it could be $30k-$40k

[The Cryptovator]

I will be honest about it. I am not gonna repeat the same mistake I have done on previous ATH. Although I am not holding much bitcoin, holding some shitcoin. Once it will recover and bitcoin touch ATH again, then I am gonna sell all of them. It's because when I will sell my all holding it will be very easy to start any real-life business for me.

So I will do good real-life business and I will accumulate bitcoin again from my profits. Just holding bitcoin wouldn't be a good choice for me since I am not a very rich man. And I shouldn't wait when bitcoin price will be million dollars. If I can't enjoy my earns then what are the benefits and who know if bitcoin dump again after touch ATH. I am not gonna be greedy again.

[Botnake]

We can't have the same idea here as we don't buy btc at the same rate, just do the right thing, before you buy bitcoin you believe that is a cheap price and you have plan to sell it at a specific price, so if it's your plan to sell it when bitcoin reach $20,000, then you should do it without hesitation.

I learn a lot in the past, I was greedy so I would not make the same mistake again, sell when you are in profit and don't worry, the market is volatile, if it will pump, it will surely dump again and you can start accumulating again.

[NeuroticFish]

What will you do when Bitcoin reach$20k?

I will wait it to reach 20k EUR! (j/k)

As @pooya87 said: 20k $ is just a number like any other.
Yes, for the most unlucky (who bought at ATH) this would mean finally profit. But most are already on profit at this price and if you stop to listen you can hear the party.

Some will sell (more or less), some will hold (more or less), some may just start buying (FOMO WTG!).
I don't know what will I do. I tend to believe that 20k USD is only a small stop to something much higher. Although I sell now and then tiny amounts, I may wait a little longer, so maybe I can make the bigger part of my stash actually worth something.

[Assface16678]

I think to me I will immediately sell my bitcoin because we are talking about the 20k market price and this is so sure during the fall down of the market price of the bitcoin I already invested on this year on the month of March when the market price of the bitcoin falls and this is a good thing I take a long time to hold all of my funds and I think the 20k dollar market price is the right thing I'm not a holder for a longterm like for almost a year because I made an investment only just for getting profit. I know some of you will do this too but still, some of them are holding this coin to make more profit for the next coming long year but I will need this to build my future goals.

[Kakmakr]

I was in the market few years ago when bitcoin almost reached $20k. I wasn't acting then (hodling for few years already) and I think a lot about when I should act next.

I wonder what other people who hodl bitcoin for few years plan to do.

Do you have a price in mind than when bitcoin will reach it, only then you plan to sell?

It would be a epic day.... or should I say a few hours, because it is not going to last long. There are a lot of people who bought at the all-time-high back then and these true hodlers are going to cause a big sell off when this happens.

Just remember that the big spike back then was smack in the middle of the peak of all those Initial Coin Offering (ICO) and when the large social media companies started to ban Crypto advertisements ...it all tanked.  (What will be the trigger for a $20k spike now?)

[boyptc]

I might sell on $20,000 to have some celebration pack as it reaches back there but I'll definitely hold as it's more likely to over-extend that price.

I'm aiming for higher price than that but as usual, I'm adjusting to whichever price is good to sell.

[buwaytress]

Answered more or less the same recently, I have two trigger points for liquidating and retiring (not 100% too, liquidating most and giving the rest away as inheritance): time or price, whichever comes first.

My price trigger is way above ATH, haha.

So the only way I actually sell at 20k is if by the time my time frame is reached or almost, and price is 20k.

[piebeyb]

since then bitcoin touched $ 20k, i didn't sell it, but maybe i will sell it in the next few years if the price touches above $ 50k, hopefully it's not a dream

let's see next year!

[jademaxsuy]

since then bitcoin touched $ 20k, i didn't sell it, but maybe i will sell it in the next few years if the price touches above $ 50k, hopefully it's not a dream

let's see next year!

Expexting too much really hurts. If I were those who are holding bitcoin will going regret not selling it when it reaches to almost 20k. There are high chances that it can go high more than that but it will be a  little chance to happen.

I think one must think on how to earn in bitcoin not really thinking of how much one can earn but as long as one can earn. This how one should think. Being more practical in the investment.

[milo-scorpion]

Maybe it will reach 20k and more one day, but not during the actual pump.
I'm expecting a crash (August is not a good month usually for crypto) and in September we will have a second wave of COVID with the alarming economic bilan mainly for EU and US. The amount of $$ printed couldn't be good either...
From my point of view all these points can't help BTC (nor ETH) to go to the moon for the next two month.

[Mor254]

If the price of bitcoin reached this amount, I will sell all the currencies that I own from bitcoin because I do not think that the price of bitcoin can never exceed this amount and I will achieve good profits through that because I purchased those currencies at a low price

[Little Mouse]

There are a lot of people who will sell off their coin when BTC reaches $20k again. Personally, I would sell a part of my holding. It does not make sense to hold still when you have almost 100% ROI. If I average my BTC purchase price which I did long ago, the average is around $8k(can not remember exactly but around).

[cheezcarls]

I was in the market few years ago when bitcoin almost reached $20k. I wasn't acting then (hodling for few years already) and I think a lot about when I should act next.

I wonder what other people who hodl bitcoin for few years plan to do.

Do you have a price in mind than when bitcoin will reach it, only then you plan to sell?

If it hits $20k again, I wouldn’t mind selling my gains rather than all of it. In other words, I keep my capital and sell my profits. I still have hopes that Bitcoin would reach $20k again, but we won’t know when it will happen again.

I see that DeFi projects are on a roll, and Ethereum is going up like crazy. It’s all-time high was $1,400 I think. It did flash crashed before going up again.

[Daniel91]

I was in the market few years ago when bitcoin almost reached $20k. I wasn't acting then (hodling for few years already) and I think a lot about when I should act next.

I wonder what other people who hodl bitcoin for few years plan to do.

Do you have a price in mind than when bitcoin will reach it, only then you plan to sell?

I made a big mistake at the time because I invested some bitcoin in altcoins that are now worth nothing.
If I was smarter I would leave everything in bitcoin and now I would have a lot more in my wallet, even with the decline in the value of bitcoin in the meantime.
I was too inspired and delighted by the sudden increase in the value of some altcoin.
So, What will I do when Bitcoin reach $20k?
I will close the loan I have in the bank first and when bitcoin reaches $ 100k I think I will finally quit my job and be financially free.