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Author Topic: Predict top and your selling plan during this market cycle.  (Read 385 times)
thecodebear (OP)
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August 17, 2020, 04:49:30 PM
 #1

Two questions (just for fun, don't need comments about how nobody can predict the top or about how let's just focus on the next price movement):


1. How high and when do you think the price will peak at during the current market cycle, meaning before the next 2014/2015 or 2018 type bear market?

2. What is your selling plan for any long term bitcoin you are holding? Gradual selling? A single sell target - what is it? Just gonna see how things play out? Or maybe you plan on holding more long term and don't even plan on taking advantage of the market cycle.




Personally my guess would be the market tops out somewhere between $80k and $120k in late 2022, but just to be a bit safer I'm currently planning on starting to sell a little bit in the $50,000's, selling a bunch more in the 60k's and 70k's, probably only having a little bit left by $80k assuming it goes that high, and saving one Bitcoin for $100k just so I can say I sold at 6 digits in case it goes that high. But basically the vast majority I plan on selling between $60k and $80k which I'm perfectly happy with even if that ends up being several tens of thousand of dollar below the peak.

I know some people think it'll only go to $30k and some people think it'll go to $300k, so I'd be interested in your selling plan based on whatever prediction you have for this market cycle.
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August 17, 2020, 06:52:22 PM
 #2

1. How high and when do you think the price will peak at during the current market cycle, meaning before the next 2014/2015 or 2018 type bear market?

to be honest i think the highest we will reach will be $30,000 in 5 years, it seems more realistic. I also don't believe in these absurd $500,000 even if it was 50 years from now

2. What is your selling plan for any long term bitcoin you are holding? Gradual selling? A single sell target - what is it? Just gonna see how things play out? Or maybe you plan on holding more long term and don't even plan on taking advantage of the market cycle.

I would consider selling at $20,000 and then expect to fall to buy again and sell at $30,000 again.

Personally my guess would be the market tops out somewhere between $80k and $120k in late 2022, but just to be a bit safer I'm currently planning on starting to sell a little bit in the $50,000's, selling a bunch more in the 60k's and 70k's, probably only having a little bit left by $80k assuming it goes that high, and saving one Bitcoin for $100k just so I can say I sold at 6 digits in case it goes that high. But basically the vast majority I plan on selling between $60k and $80k which I'm perfectly happy with even if that ends up being several tens of thousand of dollar below the peak.

I think you’re dreaming too high, don’t have any chance of the price reaching $60,000, I think it’s impossible

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August 17, 2020, 07:24:50 PM
 #3

I don't think that in this cycle Bitcoin price will go all the way to 2018 peak. 15000$ might be the max we will see now although before that value some corrections are possible.
Personaly I don't intend to sell my Bitcoins, I will continue holding. Maybe just some very small part but at the moment I don't need fiat money and the profit might be even bigger in the near future.

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August 17, 2020, 07:28:53 PM
 #4

Well, there's a couple of contrarian views at least.

If a cycle between now and a future full on bear market can't manage the previous ATH or only managed 50% above it that would be genuinely bizarre and match no behaviour in the known universe. There will be more people and more money entering via more channels at a time when fewer coins are being made and existing owners believe in it more than ever so won't let go without some serious temptations dangled in front of them.
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August 17, 2020, 07:43:56 PM
 #5

1. How high and when do you think the price will peak at during the current market cycle, meaning before the next 2014/2015 or 2018 type bear market?

It's too unpredictable. Anything from $100K-$500K would be "normal" and there could be unexpected deviations as well. There's no point in focusing too much on targets right now. During an actual bubble, we can gather more info from the chart, the altcoin market, etc. Right now, we have very little to go on except past cycles. With such a small sample, past cycles don't tell us much.

2. What is your selling plan for any long term bitcoin you are holding? Gradual selling? A single sell target - what is it? Just gonna see how things play out? Or maybe you plan on holding more long term and don't even plan on taking advantage of the market cycle.

My top priority is riding an altcoin bubble to generate more BTC. DeFi is being hyped right now, but most of the market is still reeling from their 2018-2020 losses. When altcoin season finally kicks off, there is so much upside, so much latent demand waiting for new fast money opportunities.

When I see the makings of another blow-off top in BTCUSD like October-November 2013 or November-December 2017 I will start look at sell targets for BTC.

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August 17, 2020, 08:46:40 PM
 #6

Two questions (just for fun, don't need comments about how nobody can predict the top or about how let's just focus on the next price movement):


1. How high and when do you think the price will peak at during the current market cycle, meaning before the next 2014/2015 or 2018 type bear market?

2. What is your selling plan for any long term bitcoin you are holding? Gradual selling? A single sell target - what is it? Just gonna see how things play out? Or maybe you plan on holding more long term and don't even plan on taking advantage of the market cycle.

1. When we do talk about peak prices then no man or person on this world would really have that crystal ball for them to guess on what would be the price ahead.
   This is why we do keep on speculating and guessing due to unpredictable nature of cryptocurrency market.

2. Im doing on gradual sells depending on which price i had entered.Also my portfolio in talks of Bitcoin holdings then it is divided in two which the one is used for long term holds
   and another half is used for active trades. Profits that had been accumulated would be also divided in two which one half is been saved up and one is for active spending.

Each of us do have its own way neither you are a short or long term hodler.

R


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August 17, 2020, 09:01:53 PM
 #7

Well, there's a couple of contrarian views at least.

If a cycle between now and a future full on bear market can't manage the previous ATH or only managed 50% above it that would be genuinely bizarre and match no behaviour in the known universe. There will be more people and more money entering via more channels at a time when fewer coins are being made and existing owners believe in it more than ever so won't let go without some serious temptations dangled in front of them.

There are a lot of people posting purely for signature campaign earnings who have no clue about how the 4 year cycle works. One dude predicting a top of $15,000 in this cycle. It’s at this point you realise what you’re dealing with here at times. Not everybody is in as fortunate a position as us but some of the stuff I read is embarrassing.

We’ll hit near to or even break $100,000 before 2022. Feel free to quote me if anybody feels the urge.

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August 17, 2020, 09:06:19 PM
 #8

Two questions (just for fun, don't need comments about how nobody can predict the top or about how let's just focus on the next price movement):


1. How high and when do you think the price will peak at during the current market cycle, meaning before the next 2014/2015 or 2018 type bear market?

I think it's a maximum of $30, 000.


2. What is your selling plan for any long term bitcoin you are holding? Gradual selling? A single sell target - what is it? Just gonna see how things play out? Or maybe you plan on holding more long term and don't even plan on taking advantage of the market cycle.

I'll sell everything I have and will start to accumulate once market correction starts, you know, when there's a hype the market will go into FOMO which would result to an overprice BTC, and with that, correction is necessary to make the market strong and that's the buying opportunity I'm waiting.

That's the market cycle I believe.

Personally my guess would be the market tops out somewhere between $80k and $120k in late 2022, but just to be a bit safer I'm currently planning on starting to sell a little bit in the $50,000's, selling a bunch more in the 60k's and 70k's, probably only having a little bit left by $80k assuming it goes that high, and saving one Bitcoin for $100k just so I can say I sold at 6 digits in case it goes that high. But basically the vast majority I plan on selling between $60k and $80k which I'm perfectly happy with even if that ends up being several tens of thousand of dollar below the peak.

I know some people think it'll only go to $30k and some people think it'll go to $300k, so I'd be interested in your selling plan based on whatever prediction you have for this market cycle.

My prediction are short term prediction only, if bitcoin will reach a new ATH, that would only be a maximum of $30,000 and the price will start falling again due to correction.
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August 17, 2020, 09:17:41 PM
Last edit: August 17, 2020, 10:48:10 PM by Oasisman
 #9

1. How high and when do you think the price will peak at during the current market cycle, meaning before the next 2014/2015 or 2018 type bear market?
$25k - $30k is the closest and more realistic figure in this current market cycle before the worst bear that you have described occurs, which will most likely happen on late 2021 or 2022.
Another bullish predictions is the $100k mark and it was considered as "possible", but not so possible at least in the current situation and market movements/sentiments. I'll be watching closely on what specific factors could drive the market to make a very bullish run before 2022.


2. What is your selling plan for any long term bitcoin you are holding? Gradual selling? A single sell target - what is it? Just gonna see how things play out? Or maybe you plan on holding more long term and don't even plan on taking advantage of the market cycle.

Gradual selling. Sell at a realistic target range of $25k-$30k (depends on how Btc is working it's way up when it reaches beyond $25k. If Btc struggles to reach the $30k, I might be selling in the middle of this range.)
While the other fractions would be sold on a more bullish perspective. Say like beyond $50k-ish to $100k.
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August 17, 2020, 09:35:53 PM
 #10

$70k

Will sell some before that. To be ahead of the FOMO.
HODL the rest....

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August 17, 2020, 10:13:34 PM
 #11

There are a lot of people posting purely for signature campaign earnings who have no clue about how the 4 year cycle works. One dude predicting a top of $15,000 in this cycle.

All I have to say is that anyone who sells for $15,000 and leaves thinking they're a genius had better not come back here and haunt us with foam from their hurt butt flying all over the place. But they most likely will.

I've said it multiple times, but I'll say it again - the regular inability on display here of people to conceive the true scale of things beyond their present perception is going to do them some damage unless they open it up.
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August 17, 2020, 11:19:15 PM
Merited by gentlemand (3)
 #12

1. How high and when do you think the price will peak at during the current market cycle, meaning before the next 2014/2015 or 2018 type bear market?

to be honest i think the highest we will reach will be $30,000 in 5 years, it seems more realistic. I also don't believe in these absurd $500,000 even if it was 50 years from now

2. What is your selling plan for any long term bitcoin you are holding? Gradual selling? A single sell target - what is it? Just gonna see how things play out? Or maybe you plan on holding more long term and don't even plan on taking advantage of the market cycle.

I would consider selling at $20,000 and then expect to fall to buy again and sell at $30,000 again.

Personally my guess would be the market tops out somewhere between $80k and $120k in late 2022, but just to be a bit safer I'm currently planning on starting to sell a little bit in the $50,000's, selling a bunch more in the 60k's and 70k's, probably only having a little bit left by $80k assuming it goes that high, and saving one Bitcoin for $100k just so I can say I sold at 6 digits in case it goes that high. But basically the vast majority I plan on selling between $60k and $80k which I'm perfectly happy with even if that ends up being several tens of thousand of dollar below the peak.

I think you’re dreaming too high, don’t have any chance of the price reaching $60,000, I think it’s impossible

Well that is a very bearish view I must say. Did you also think 2017 was only going to go to $2000?

Basically you're gonna sell at $20k, right as the market is starting to heat up, watch it go up a few hundred percent from there, kicking yourself the entire time. Just like anyone in 2017 who sold when it got back over $1000.

I suggest checking out previous bull runs if you really think it is only going to go a little bit higher than the last market cycle. At this point in the last cycle the price was like $700...and it went to $20k. So thinking the price won't do much more than double from here, is, well, a bold prediction! If you're happy with selling at $20k then that's cool, but I think for most of us we don't want to sell just before the main bull market begins, cuz that's kind of the worst time to sell.
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August 17, 2020, 11:22:58 PM
 #13

Well, there's a couple of contrarian views at least.

If a cycle between now and a future full on bear market can't manage the previous ATH or only managed 50% above it that would be genuinely bizarre and match no behaviour in the known universe. There will be more people and more money entering via more channels at a time when fewer coins are being made and existing owners believe in it more than ever so won't let go without some serious temptations dangled in front of them.


Yes haha. Good response to the low balling predictions.

As you say, there would literally be no reason for a major crash ending the market cycle if BTC was only at $15k or $30k. $15k is still in the buildup phase before the market even gets hot so that makes no sense, and $30k is only 50% above the last peak which should produce the exact opposite of a crash - it should (and all of bitcoin history shows it produces) a buying frenzy.
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August 17, 2020, 11:23:22 PM
 #14

If you're happy with selling at $20k then that's cool, but I think for most of us we don't want to sell just before the main bull market begins, cuz that's kind of the worst time to sell.

If he has enough coinage for that price to cover every possible requirement then more power to him. Wish I was in that position too. That might not be the case.

If I could afford to divest when it's nice and quiet I would. I hate to think how seized everything would be in the depths of another bubble.
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August 17, 2020, 11:28:03 PM
 #15

1. How high and when do you think the price will peak at during the current market cycle, meaning before the next 2014/2015 or 2018 type bear market?

It's too unpredictable. Anything from $100K-$500K would be "normal" and there could be unexpected deviations as well. There's no point in focusing too much on targets right now. During an actual bubble, we can gather more info from the chart, the altcoin market, etc. Right now, we have very little to go on except past cycles. With such a small sample, past cycles don't tell us much.

2. What is your selling plan for any long term bitcoin you are holding? Gradual selling? A single sell target - what is it? Just gonna see how things play out? Or maybe you plan on holding more long term and don't even plan on taking advantage of the market cycle.

My top priority is riding an altcoin bubble to generate more BTC. DeFi is being hyped right now, but most of the market is still reeling from their 2018-2020 losses. When altcoin season finally kicks off, there is so much upside, so much latent demand waiting for new fast money opportunities.

When I see the makings of another blow-off top in BTCUSD like October-November 2013 or November-December 2017 I will start look at sell targets for BTC.

Ah, see I'm staying the hell away from altcoins now haha. In my old bitcoin age now I'm just going for the sure thing. I'm sure people will get rich as hell off altcoins, hell even just the past few weeks some of them have been going crazy, but I just stick to BTC, ETH, and LINK now. I stopped trading altcoins against bitcoin a couple years ago cuz its just way too unpredictable and I always ended up losing bitcoin in the long term. Now I just hold those three coins, and trade those three coins against USD, and only occasionally do a short term trade with an altcoin.

And Bitcoin is like 95% of my long term portfolio so I mostly only care about BTC, but also hope DeFi takes ETH to like $2k or $3k in the next couple years and I'm just enjoying my $200 worth of LINK skyrocket to $8k so far haha.
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August 17, 2020, 11:37:23 PM
 #16

my plans are to hold until june of 2023.
but if btc goes to 100k before june of 2023 I will sell it all.

if doge goes to 10 cents before june of 2023 I will sell it all.


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August 17, 2020, 11:49:04 PM
 #17

If you're happy with selling at $20k then that's cool, but I think for most of us we don't want to sell just before the main bull market begins, cuz that's kind of the worst time to sell.

If he has enough coinage for that price to cover every possible requirement then more power to him. Wish I was in that position too. That might not be the case.

If I could afford to divest when it's nice and quiet I would. I hate to think how seized everything would be in the depths of another bubble.

Yeah like I'll be pretty well set for life at $50,000+ BTC, and I don't have any worries about that price as that should be well below wherever the peak ends up being, so that's my starting point for selling and if it goes to $100k I plan on only having like 1 bitcoin left for that.

I think it'll probably go up close to $100k, maybe even shooting $10k or $20k+ passed it, but I'd prefer to get out a little early and be safe, and still set myself up for life, rather than chasing the bubble. But, like, if I would be set at $20k I'd still wait until like $40k or $50k to sell, cuz that is still suuuper safe territory and ya know why not double your money haha.

The weird thing about these $15k or $30k predictions is that the BOTTOM of the next bear market will probably be in that range. Like, I'm planning on using some of my profits to buy back in ideally near the bottom of the bear market (this past one I averaged ~$3550 Grin) and I'm hoping to get back in around like a $25k or so price to load back up...and these people think the top will be around that or even lower haha! Maybe they are confused on the question and are predicting the bottom of the next bear market instead of the next peak haha.
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August 17, 2020, 11:58:08 PM
 #18

But, like, if I would be set at $20k I'd still wait until like $40k or $50k to sell, cuz that is still suuuper safe territory and ya know why not double your money haha.

Nothing in life is guaranteed. You can be confident about things, but not certain about things.

If say $20,000 meant I could secure $10 million and still retain a respectable amount of BTC for whatever happens in the future then I'd be very tempted to do it. That would be far beyond my actual requirements already.

A future 20 or 50 or 100 million would be more than acceptable too, but I wouldn't actually need that much and I'm not sure I'd wish to risk not securing what I originally identified as a healthy amount to pull out just in case.

If $20,000 meant $1 million then, while that's obviously a figure most people will never see, that's not enough to be in complete control of the rest of your days in a first world country and I'd put my faith in the future and largely stay put as long as the rest of my finances were sound.
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August 18, 2020, 12:32:57 AM
Last edit: August 18, 2020, 05:38:48 AM by STT
 #19

I dont predict 2020 is the top I think its just us meandering across the price range as we absorb the unusual monetary practise in dollar and other unusual circumstance.   Its quite clear they'll be a large development out of current economy into something more normal, whether thats a market that has a vaccine and is in decline or perhaps the market booms nominally from large amounts of 'free' dollars but we're going to see change from now.  
   Discussing profit taking justifies I think somewhat my near term target of like 13,500 for a top to this current rise.    People do tend to jump the gun in terms of selling too soon, I think grayscale is mentioned for something bullish but thats just another section of money and outside money perhaps and they can retract also.   How far we move downwards from there to repeat ourselves before coming back up I dont know, its a big step just to say we're looking for such a nearby top so need to wait for that first

Act as if there will be no new ATH because thats the base line, then you have surprise to the upside rather then expectations or worse a reliance on a higher price.

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August 18, 2020, 12:45:59 AM
 #20

Two questions (just for fun, don't need comments about how nobody can predict the top or about how let's just focus on the next price movement):


1. How high and when do you think the price will peak at during the current market cycle, meaning before the next 2014/2015 or 2018 type bear market?

$50,000 to 6 digits.

2. What is your selling plan for any long term bitcoin you are holding? Gradual selling? A single sell target - what is it? Just gonna see how things play out? Or maybe you plan on holding more long term and don't even plan on taking advantage of the market cycle.

6 digits minimum.

Personally my guess would be the market tops out somewhere between $80k and $120k in late 2022, but just to be a bit safer I'm currently planning on starting to sell a little bit in the $50,000's, selling a bunch more in the 60k's and 70k's, probably only having a little bit left by $80k assuming it goes that high, and saving one Bitcoin for $100k just so I can say I sold at 6 digits in case it goes that high. But basically the vast majority I plan on selling between $60k and $80k which I'm perfectly happy with even if that ends up being several tens of thousand of dollar below the peak.

I know some people think it'll only go to $30k and some people think it'll go to $300k, so I'd be interested in your selling plan based on whatever prediction you have for this market cycle.

I maybe dreaming of seeing the price hitting $100,000 at least in the next bubble, but then again early 2017, the highest prediction that I've seen in this community is $5000. But obviously, it was eclipses by many folds x4. So with some conservative estimates of $30,000 for most users, then I will go with the same hindsight that it will go on another x4 and could probably see 6 digits 2021-2022.

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