Question on price projection

[minairia3]

 I'm starting to think I should cut my losses and sell.

Its up to you. 3years is not a long term hold, it still consider as short to medium period. Being a long time investors are holding it for more than 10years at least thats what I know when it comes to investment.

All of user here suggested you to be lenient about your decision. If you need the funds then go for it, but cashing out for a loss is not ideal right? If you have trust with bitcoin then you must completely hold it. Once it did not reach the hype overstatement then thats the will or more like its fate on the market.

[onecall123]

Been hearing much about the projected price of bitcoin but point is how true was those word? Seems like you don't get up to such profit this doesn't mean over-bought. Bitcoin moving up is inevitable and would see the price of bitcoin outperform it's all-time highs. You must confidence and believe in yourself.

[Magd solieman]

Most of the members also said that predicting prices is very difficult and that most expectations are wrong, so we can not rely on them at all, but I think that the price may touch $ 14,000 at the end of the year and I hope this will happen.

[GeorgeJohn]

I've been holding a few bitcoins for about 3 years now and am wondering about the projected price.  We keep reading projections that it's going to go to $100,000 or $1,000,000 or some other sky-high amount in the next 1 to 3 years.  My question is how will this ever happen if every time it gains $500 to $1,000 we hit resistance where the bottom falls out and then all the analysts say it's because it was over-bought?  I'm starting to think I should cut my losses and sell.

Yeah op,the problem is that in cryptoccurrency marketing or business know one really take advice from someone, you only decides on what your mind directs you.
Or from your personal research you can be able to know what is obtainable, seeking opinion from people to decide for you on what to do,is not really encouraging because of lost that attacked to it.
I advice to follow your mind to avoid blame.

[DdmrDdmr]

<...>

Many people throw their price predictions, be it short, mid or long term, and there are always going to be concurrent price predictions running in either direction. Some short term predictions made by analysts went blatantly wrong, some fell short on a longer range prediction (a few guessed), and some on the prior link's list point to high values with longer ranges of time than a 1 to 3 year period.

Take your pick, but ultimately, it’s your money that’s on the line, so the decision to hold or sell is yours in accordance to your assessment of the situation, and risk tolerance.

[AakZaki]

Don't think the bitcoin price will keep going up and up. Also think about when the price of bitcoin returned to the price of $ 3k, where another prediction stated that bitcoin would reach $ 100. The price projection you are talking about is the thought or analysis of people who want the price of bitcoin to continue to rise to reach a new ATH without any decline and pass the lowest support. We all really hope that the price of bitcoin will continue to rise, but we also have to be rational, there will be no coins that continue to rise without any correction first.

[aioc]

You've been reading a lot of projections on these so called experts on Youtube and on telegram but they cannot give you an exact explanation on how it's going to happen, you must balance between these experts and the reality, if you think you already in profit then it's your choice to sell if you think you are in a loss then you have to ask yourself if you can keep up with your loss, this is two of the questions every holders are facing and looking for an answer.

[20kevin20]

So are you going to trust a complete stranger's prediction more than you trust your own? Especially if the stranger is on the internet..?

Check what's going on in the crypto world by yourself and you will form an opinion based on that. But take everything with a pinch of salt - especially news articles. Try to find out if Bitcoin seems like something people will talk less or more about in the future - will it be useful within 5 years at all?

Go your own way. It's better, much better than following anyone else's words.

[Asuspawer09]

I've been holding a few bitcoins for about 3 years now and am wondering about the projected price.  We keep reading projections that it's going to go to $100,000 or $1,000,000 or some other sky-high amount in the next 1 to 3 years.  My question is how will this ever happen if every time it gains $500 to $1,000 we hit resistance where the bottom falls out and then all the analysts say it's because it was over-bought?  I'm starting to think I should cut my losses and sell.

For 3 years? That was probably Bullrun, right? I think if you invested in bitcoin when the market is on hype like when the market is on 15k$-20k$ that would take years before you could earn a big profit from that as we could we market is having a lot of resistance reaching the ATH.

I think the market of bitcoin volatility is actually doing a great job and you could easily earn a big amount of profit when you invested in the dump time, and there are so many opportunities to invest in the past month.

[Insanerman]

My question is how will this ever happen if every time it gains $500 to $1,000 we hit resistance where the bottom falls out and then all the analysts say it's because it was over-bought?  I'm starting to think I should cut my losses and sell.

At what price you will be satisfied for your profit on bitcoin? If you are expecting your profit at bitcoin's hundred-thousand-dollar value, then you should wait much longer time. Hundred-thousand dollar value is not achievable for years. Bitcoin needs massive adoption before that happen. If you're tired, cut your investment. Cut the loss. And also do not give your high hopes on bitcoin's price speculation of other people.