What will you do when Bitcoin reach$20k?

[supine]

I would act depending on my situation if I need the money then why would I keep it in crypto if I want to buy something and I could with the Bitcoin price reaching $20K then why wouldn't I,
But if I have nothing to do with the money then I would just keep on holding it and see how it would be moving and then decide if I would keep it in crypto or in cash for the next couple of weeks,months or maybe year.

[mezzaluna]

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

Waiting on Bitcoin to reach higher values is only natural and would really be profitable if you started to invest on it right now. Bitcoin will reach higher and higher values and the only time we can sell it are those times when money is needed. You have the decision to take out your money that you will be using on your necessities. Bitcoin hitting various values does not affect someone when they needed money.

[tomahawk9]

My profit target is just bit lower than 20k, meaning that by the time we hit 20k, i'll be sitting in some decent profits so i'll get to enjoy stress-free how everything unfolds once we reach the magical number.
Then after things calm down for a bit, I'll try to find a new entry-point to buy & hodl for the long-term again (:

[gentlemand]

I will do absolutely nothing. It will be a signal for the start of the next phase of growth, not the end of it.

We had similar threads about what would happen when it returned to the $1200 area. Imagine how you'd feel if you'd gotten rid then, though if that figure met the cost of all your dreams and requirements then more power to you.

[Oasisman]

My profit target is just bit lower than 20k, meaning that by the time we hit 20k, i'll be sitting in some decent profits so i'll get to enjoy stress-free how everything unfolds once we reach the magical number.
Then after things calm down for a bit, I'll try to find a new entry-point to buy & hodl for the long-term again (:

But Btc might double your price target and that would be stressing as well. Let's look back what happened in 2017, some investors sold their Btc at $10,000 - $11,000. Unexpectedly, Btc continued to rose to the point that those who sold at the $10,000+ level bought back at even a higher price then Btc stopped rising at around $19,000 or $20,000(from other exchange) as an ATH.

But then your decision is still a good position of making a realistic profit. What I want to emphasize is that, Btc can potentially breakthrough the $20k and might surge to a much higher figure.

[DoublerHunter]

^ I will still hold my bitcoin and accumulate more when I have enough money that can I afford to invest. Every one of us has a goal about reaching the price of bitcoin, but for me is different, I accumulate bitcoin for saving purposes. Just like a pension plan that someday I still have my fund to use. I know bitcoin will just fly up high, $20k is just a small number to wipe out your wallet and convert into fiat. I saved my bitcoin emergency fund purpose, if everyone has been saved bitcoin during a pandemic, there's no economic crisis and no one has been suffered financial problems.

[lienfaye]

Thats the price that I've been waiting since the last bullrun. Seeing the value reach $20k again is really good because thats my target price to take profit. I will sell some of my bitcoins and hold whats left. If the price experience correction I will accumulate again and hold.

Bitcoin not only serves its purpose as currency because it is indeed good as investment as well specially if we hold longer.

[LogitechMouse]

Just accumulating more and more Bitcoins .

I know that some here will do the same too but I don't think that this will happen this year. Maybe next year is when $20,000 will be reached. Maybe there are some here that has $20,000 as their target price to sell but for me, anytime is the perfect for me to sell because I already separated my long term holdings to my Bitcoin that I've been using to pay some expenses. For me, $20,000 is just a low target price for long term (around 3-5 years) so if your target selling price is $20,000 then you should think twice before doing it .

[Kong Hey Pakboy]

It would be a very hard decision to me. If bitcoin would suddenly reach it's price up to $20K again because I don't know if holding all of it would be the right decision due to most people might sell out most of their bitcoins. So I think selling the half of my funds might be the right thing if bitcoin's price will reach $20K to maintain my long-term investment.

[Poker Player]

I think I'll sell a small percentage of my bitcoins then, and I don't think I'm the only one.  Just to see some of my profits, but then I don't think I'll sell anymore until 50,000. I plan to sell small parts as new ATHs are reached, but never selling all.

[Spaffin]

I will definitely keep my bitcoins until my goals are achieved. The fact is that today there is a large investment in cryptocurrency, with quite meaningful tasks, compared to the period of 2016 and 2017. Each investor today takes into account the risks, and at the same time made certain conclusions, invests his funds in the cryptocurrency. In addition, if we take into account the attraction of funds from the stock market, as well as from larger investors, then there is a very high probability that Bitcoin, thanks to institutional investments, will not stop at $ 20,000 in the near future.

[Yamifoud]

No doubt to sell my Bitcoins, just to be honest. I've missed that chance before and I don't want it to happen again even though if the market surpasses $20k, I was thankful by then. And to think about buying this time, definitely, it is not what I have to do. I have to wait for the market to fall back, then have to start accumulating Bitcoin again.

Maybe I am wrong, but the market won't be easy to move over $20k. I was looking at the 2017 case and it is unlikely to see it happening again knowing the case that we have at this time. Well, that volatility will make it possible but I'm not a bullish person, and not even it gives assurance for the next Bullrun will be more bullish compared to 2017.

[ololajulo]

The strategy should not change even if you bought at the last bull peak. I might have to do a little audit of my portfolio then, move more altcoin into bitcoin if the price goes sideway at a point probably to share the portfolio with equal half with other coin. I would like choose the price for taking profit from $20k, IMO $65k should start the price of laddering taking profit into the peak that might come.

[snipie]

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?

Will not consider selling under $100k unless I need that money or maybe selling a part of it between $50k-100k if it is necessary.
I am pretty sure this $20k will be the starting price to buy bitcoin after few years!

[maxreish]

Well, as usual, i will probably convert it to fiat and then rebuy at down price again with that profits I have earned if ever it will reach $20k again. Reinvesting it to hold more bitcoins, that's what I probably do. Though it is hard to say that it will really reach that too soon but I am still doing that kind of technique. I mean hitting target profit then convert and rebuy. That's my usual way of doing.

Anyhow, why still wait for the $20 while we are at bull run at the moment and majority earn some profits already?

[slapper]

There is no actual plan right now. I just try to accumulate my bitcoin and ethereum day by day and hopefully one day I can become rich with those coins. I have missed the chance in 2017 and I never want to miss another chance again. We are obviously all here for a big revolution ever in the blockchain industry.

I guess bitcoin will hit $50000 in a few more years. But my first target is still $20000. We need to break this point first in order to go any further

[thecodebear]

I will do absolutely nothing. It will be a signal for the start of the next phase of growth, not the end of it.

We had similar threads about what would happen when it returned to the $1200 area. Imagine how you'd feel if you'd gotten rid then, though if that figure met the cost of all your dreams and requirements then more power to you.

Yes this exactly. $20k is when the bull run STARTS getting interesting. Everything up until $20k is just the warm-up part of the bull run.

Personally I'm looking to start selling my long term bitcoin once it goes a bit north of $50k and have most of it sold by like $80k. Probably keep one to sell at $100k if it goes that high this cycle just so I can say I sold one for 6 digits. This way even if the bull run stops earlier than I think, and stalls out at like $60k, I'll still have sold a few in the $50,000s. So when Bitcoin hits $20k I'll be thinking "sweet, now I will likely be able to sell within the next year when it goes several times higher". NOBODY should be selling long term bitcoin at $20k - that was the last peak, so that would pretty much the most regretful time to sell because that means Bitcoin is likely about to go on an exponential run of several hundred percent. I think anyone who is targeting $20k is fairly new to crypto and hasn't even studied the price history of bitcoin.

Like, I sold all my bitcoin (like a dummy) in 2015 at like $250 or something because I was like oh I guess the bitcoin experiment isn't going anywhere. Then I started buying back in at $1300 in April 2017 because I was like crap it's back to the old peak, that means bitcoin is back and its about to start really moving. The old ATH is not the time to sell, it is the time to buy if for some reason you haven't been accumulating for years already.

[AbuBhakar]

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.   

Try to be financially free even BTC is not yet at 100k usd. It will took alot of time when BTC can reach such amount, so better learn to budget and create sources of income to achieved financial freedom. Working while investing can help us to achieve this goals. I also regretted not selling my BTC year 2017 but I was able to quit my job that time thru trading and now Im finding ways to do business while investing in BTC. If ever BTC reach 20k again,I will expand my business hopefully.

[maydna]

Try to be financially free even BTC is not yet at 100k usd. It will took alot of time when BTC can reach such amount, so better learn to budget and create sources of income to achieved financial freedom. Working while investing can help us to achieve this goals. I also regretted not selling my BTC year 2017 but I was able to quit my job that time thru trading and now Im finding ways to do business while investing in BTC. If ever BTC reach 20k again,I will expand my business hopefully.

That is a good idea to be financially free with or without bitcoin because if we can do that, I am sure that we don't need to wait for bitcoin to touch $100k. Yes, I agree that we must learn how to get more income sources so we can earn more money, which we can convert into bitcoin, so we will be ready when bitcoin price touches $100k. I am sure that many of us are still trying to have more bitcoin in many ways, and even I am sure that many people are trying to make money and convert it into bitcoin. Bitcoin price will reach $20k again, and I am sure the price will be more than $20k in the next bull run, so what we need to do know is saving more bitcoin.

[exstasie]

Personally I'm looking to start selling my long term bitcoin once it goes a bit north of $50k and have most of it sold by like $80k. Probably keep one to sell at $100k if it goes that high this cycle just so I can say I sold one for 6 digits.

I have a feeling you'll be selling too early.

The way everyone and their grandma is expecting diminishing gains on the next cycle, I'm really beginning to expect the opposite. As far as multiples above the previous ATH go, maybe we should be looking between 2013 and 2017 (16x-36x), not simply assuming the next cycle will be much smaller this time around.