Bitcoin is headed for the stars, but...

[hugeblack]

The term that you will get rich if the price reaches a certain level, for example, $ 100,000 or even a million, is useless and indicates stupidity or lack of education in the financial aspect.
Everyone has a goal and they need enough cash to achieve that goal.

Most of those who hold are afraid of investing in the real estate market or stocks or fear of inflation, so they resort to Bitcoin, but at some point, they will not sell.

Traders and investors are waiting for price fluctuation to achieve more liquidity and thus maximize profits.

[Coinsfera]

It is believed that 2021 will be the reserve era for the leading cryptocurrency Bitcoin. Leading cryptocurrency receives tremendous support from investors. The gradual rise of BTC in this way is also more robust for the market. Yes, some people still tend to sell by being affected by the 2017 experience. However, the potentials of Bitcoin are now more obvious, and people may continue to hold on for a while in order not to experience greater regret.

[Altcoinsintel]

I understand what you say but how much have you profited from this in fiat? Did you enter just to put everything in Bitcoin then? What is your plan and when you are going to find a good price to sell?

In fact which one of the early investors or the bitcointalk whales have never sold for fiat and don't have a healthy bank account? Perhaps you have millions in your bank, most people entering now with the money you invested in 2013 don't have any hope for a 200x like you did. You tell people to keep holding when there is profit taking. Is this really what we should be doing?

[verita1]

I also think that it is an opportunity for more investors to enter the game when the price of bitcoin falls.

Being optimistic, Bitcoin may not fall back in price to what we have seen before. It is going towards a bigger escalation. Important analysts have expressed it.

"Bitcoin will likely break $ 50,000 in 2021."

https://www.globenewswire.com/news-release/2020/12/13/2144141/0/en/Will-Bitcoin-Continue-to-Rise-Crypto-Experts-Finixio-Make-Their-Predictions.html

A good sign has been this year Bitcoin has overcome with us this difficult crisis of the pandemic. Because we have trusted, supported and adoption is just beginning.

[Bitstar_coin]

The term that you will get rich if the price reaches a certain level, for example, $ 100,000 or even a million, is useless and indicates stupidity or lack of education in the financial aspect.
Everyone has a goal and they need enough cash to achieve that goal.

Most of those who hold are afraid of investing in the real estate market or stocks or fear of inflation, so they resort to Bitcoin, but at some point, they will not sell.

Traders and investors are waiting for price fluctuation to achieve more liquidity and thus maximize profits.

I don't see how that terms is stupid, we have whale today in btc that's because some of them held their btc at different price point, many people have become millionaires through holding for certain time while some people are still holding even after making so much money, to me it is not a stupid idea especially if one has the ability and capability to hold.

[Phoenix_PROG]

Bitcoin is headed for the stars, but to make the most profit, the Big Bitcoin Investors are causing BTC to jump around a bit. Bitcoin hangs at $20,000... going up and down, say, $500. Then it does the same at $21,000, and $22,000, and $23,000. All the little people get scared, and sell off to the Biggies before the profit goes sky-high and beyond.

Sell your bitcoins if you need food. It doesn't make sense to starve to death hoping that you will live off BTC profits.

But if you can, hang onto the Bitcoins you have. Because you will be rich when BTC goes to a $million or higher.

Food? Really? Ive made over 5000$ from just holding bitcoin, I got in at , 13,000$ and when I'm satisfied with the ROI I sold my bitcoin, the gaining is more than enough to get me whatever I want for now, now I'm focusing on altcoins as this is a good time to buy

[Latviand]

Some people do still have money in their wallet and there's no need to make transactions with bitcoin.

As long as you still have money in your pocket then settle with that because there are a lot of thing that might happen on bitcoin's price so be careful.

Also if you really want to sell some, make sure that it will not really ruin your investment and you can still manipulate it properly. That's the problem in some people, they are easily distracted when them make transaction due to financial problems. Their investments become so our of focus and instead of making it grow, they are making it shrink.

[mindrust]

Bitcoin is headed for the stars, but to make the most profit, the Big Bitcoin Investors are causing BTC to jump around a bit. Bitcoin hangs at $20,000... going up and down, say, $500. Then it does the same at $21,000, and $22,000, and $23,000. All the little people get scared, and sell off to the Biggies before the profit goes sky-high and beyond.

Sell your bitcoins if you need food. It doesn't make sense to starve to death hoping that you will live off BTC profits.

But if you can, hang onto the Bitcoins you have. Because you will be rich when BTC goes to a $million or higher.

What are you going to say to the dumpers & profit takers if bitcoin dumps from here to $10k?

Also how can you be so sure about that a million USD price tag?

[BADecker]

But if you can, hang onto the Bitcoins you have. Because you will be rich when BTC goes to a $million or higher.

If possible bitcoin will go $1 million one day, the day is still very far, not 10 years from now because the marketcap needed for that is very high. Did you know that over a trillion marketcap will get bitcoin to just $100000, which means more 10 fold is still required to get it to such price. If more institutions can pump in more money and buy bitcoin, possibly will result to bitcoin getting to such price.

But, what I know is that no matter what, bitcoin price will ever be at increase everytime over long term period.  

That day might not be as far off as people might think. Fiat is fraud at various levels. People are finding out. As more people find out, fiat will collapse faster, and its rate of collapse will increase.

Bitcoin is headed for the stars, but to make the most profit, the Big Bitcoin Investors are causing BTC to jump around a bit. Bitcoin hangs at $20,000... going up and down, say, $500. Then it does the same at $21,000, and $22,000, and $23,000. All the little people get scared, and sell off to the Biggies before the profit goes sky-high and beyond.

If only I have seized the opportunity to learn the complexities of trading, I am now taking advantage of trading the trend whether it be going for long or short and was able to reduce my regrets for not taking trading seriously before before this massive price increase. It's too bad that I feel being helpless for not being able to trade those rare money making opportunities.

But if you can, hang onto the Bitcoins you have. Because you will be rich when BTC goes to a $million or higher.

Dollar cost averaging is also a good idea regardless of bitcoin's price.

Thanks. Right now - Christmas - Bitcoin has suddenly surpassed $24,500.

There arent many reasons why I wouldnt feel the need to sell my Bitcoins but surviving from starving would makes the top of this list.   It would be nice to live off our BTC profits but this is not reality.

But other than starving I would only sell my bitcoins for medical reason if I became sick or my family member needed fiat for medical costs.  

Hoping to see you later down the road when Bitcoin is worth $million or higher.

I should start mining. What's a good pool? Or how do I set up my own equipment profitably?

I understand what you say but how much have you profited from this in fiat? Did you enter just to put everything in Bitcoin then? What is your plan and when you are going to find a good price to sell?

In fact which one of the early investors or the bitcointalk whales have never sold for fiat and don't have a healthy bank account? Perhaps you have millions in your bank, most people entering now with the money you invested in 2013 don't have any hope for a 200x like you did. You tell people to keep holding when there is profit taking. Is this really what we should be doing?

I got in around the $200 mark. I have taken several times my investment out already.

What are you going to say to the dumpers & profit takers if bitcoin dumps from here to $10k?

Also how can you be so sure about that a million USD price tag?

They say that the only sure things are death and taxes.

Bitcoin is becoming more important to people all the time. You can see it in the news. Odds are that it will go up as it has been doing.

If they shut down the electrical grid or the Internet, we are screwed.

[Poker Player]

Bitcoin is headed for the stars, but to make the most profit, the Big Bitcoin Investors are causing BTC to jump around a bit. Bitcoin hangs at $20,000... going up and down, say, $500. Then it does the same at $21,000, and $22,000, and $23,000. All the little people get scared, and sell off to the Biggies before the profit goes sky-high and beyond.

Sell your bitcoins if you need food. It doesn't make sense to starve to death hoping that you will live off BTC profits.

But if you can, hang onto the Bitcoins you have. Because you will be rich when BTC goes to a $million or higher.

Someone who gets scared by those swings shouldn't invest in bitcoin. I'd say there aren't many people like you describe, investing in bitcoin and then selling to buy food after a small 0.25% dip.

[raidarksword]

Profit is profit even big or small, it doesn't matter to me. There will be price corrections for bitcoin but it will surely be up again and traders will always get the opportunities to earn profit from it. In my opinion, if I bought it in low price then i will surely sell it at the current high price of bitcoin and look again for lower price opportunity to buy back.

[Argoo]

Sell your bitcoins if you need food. It doesn't make sense to starve to death hoping that you will live off BTC profits.

Nice idea.

But if you can, hang onto the Bitcoins you have. Because you will be rich when BTC goes to a $million or higher.

If possible bitcoin will go $1 million one day, the day is still very far, not 10 years from now because the marketcap needed for that is very high. Did you know that over a trillion marketcap will get bitcoin to just $100000, which means more 10 fold is still required to get it to such price. If more institutions can pump in more money and buy bitcoin, possibly will result to bitcoin getting to such price.

But, what I know is that no matter what, bitcoin price will ever be at increase everytime over long term period. 

I still doubt that Bitcoin will ever reach the $ 1 million price point. It seems to me that the states will not allow him to do this, even if he has such an opportunity. This reallocation of capital is unlikely to please them. Bitcoin is currently priced at $ 24,855 according to CoinMarketCap. Almost the most optimistic forecasts for Bitcoin have come true. For now, we need to set more realistic goals for the bitcoin price, at least at the level of $ 50,000. In addition, it is very important to stay at this price value and not repeat the path of Bitcoin with its fall, which occurred in 2018 after its previous price increase.

[AicecreaME]

All the little people get scared, and sell off to the Biggies before the profit goes sky-high and beyond.

That's why technical analysis is important, if you know how to read the price chart, and know the basics of trading, getting scared will never be your option whenever the market is having a huge swing or reversal. In fact, having a huge uptrend and downtrend could give you profits in exchanges that offers like what Binance, Bitmex, Bitamp have, so on and so forth exchangers.

Price prediction is exciting to counter your fear in every pump and dump. Use it as an advantage to increase your savings, not to lose it because you're panicking.

[Wind_FURY]

But if you can, hang onto the Bitcoins you have. Because you will be rich when BTC goes to a $million or higher.

Hodling bitcoin is not the sure pattern to have profit. Learning to trade it I think will benefit more to someone. Although anyway way you can lose your investment both for hodling and trading but faster gains come from trading it because a daily trader of bitcoin who makes profit is better comparing just hodling.

You are very very wrong. Zoom out. All the HODLers who bought everything from 2017's ATH, and dollar-cost-averaged to the 2018/2019 lows have made their profit, and will continue to make profit.

[Xinarae*]

It takes a lot of time to use cash with Bitcoin Many countries do not use Bitcoin and have no knowledge of Bitcoin. However, most traders prefer to invest in Bitcoin rather than cash. They keep their Bitcoin wallet for long-term investment to make more profit if the price goes up. Currently Bitcoin is in a much higher position and there is an opportunity to reach a better position. After a long time for cash need to convert to fiat currency. The demand for Bitcoin as a currency is much higher.

[imstillthebest]

It takes a lot of time to use cash with Bitcoin Many countries do not use Bitcoin and have no knowledge of Bitcoin. However, most traders prefer to invest in Bitcoin rather than cash. They keep their Bitcoin wallet for long-term investment to make more profit if the price goes up. Currently Bitcoin is in a much higher position and there is an opportunity to reach a better position. After a long time for cash need to convert to fiat currency. The demand for Bitcoin as a currency is much higher.

use cash with btc or btc used as a cash alternative ?
 its not the country that uses a btc but its the people but the ruler of the country can controll if btc is going to pass its standard or no but knowledge cant be control by governments. 
knowledge can freely be acquire online and they can learn btc without the need of using it only for the sake of curiousity .

trader invest in btc because they cant invest in cash but what are they going to earn with cash. if only it was bitcoincash they will earn  .

[Oasisman]

~snip~

Hodling bitcoin is not the sure pattern to have profit. Learning to trade it I think will benefit more to someone. Although anyway way you can lose your investment both for hodling and trading but faster gains come from trading it because a daily trader of bitcoin who makes profit is better comparing just hodling.

As if day trading is an easy task. Yes, trading will give you good and fast profit, but would also give fast and bad losses.
Hodling Bitcoin is less risky than trading, and hodling is a sure pattern to make good long term profit. Did you know how much Bitcoin was priced in 2016? If you do, then tell me it isn't a sure pattern to make good profit.

[Crptomagma]

These is true as I have heard of people having bitcoin in their account but starving or finding it difficult to pay their bills, they always believe having bitcoin in their wallet and definitely in future the price of bitcoin will continue to increase. It’s good to have bitcoin in your wallet but I wont advise anyone to use the money they can’t lose to buy bitcoin.

[kentrolla]

In my opinion many sell their BTC based on their  requirement I agree that there are many of those who sell it when they see some descent profit especially the day traders apart from that I don't think others don't sell unnecessarily because they know it's a million dollar asset in couple of years, and yes the big whales make impact to dump the price so that they can buy it in cheap.

[lienfaye]

The price can go higher, thats really possible however be certain on your limit. Its fine to take profit at times and enjoy your earnings, thats the reason why we're investing right? If you can wait longer to witness how far the price can go and you're willing to take risk the money you invested then forget for a while the market and come back after few months or years, it depends on you.

Nevertheless invest the money that is not meant for important things and you can live without so there's no need to panic or be in hurry to sell just because you dont have food to eat already.