Best way to sell in 2021 — to buy more on the bear

[lichig]

Hello there,

I'm considering cashing some BTC to fiat to buy more BTC after the bull (I'm targeting to buy again at USD 15~16k).
What it is the best way in your opinion to cash Bitcoins in 2021?

Thank you!

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[Charles-Tim]

You can move your topic to speculation, but about bitcoin discussion, what I can only advise is for people to hold so the price of bitcoin will continue to increase.

[tabas]

Hello there,

I'm considering cashing some BTC to fiat to buy more BTC after the bull (I'm targeting to buy again at USD 15~16k).
What it is the best way in your opinion to cash Bitcoins in 2021?

Thank you!

You can choose to do that with local exchanges that surrounds you if you ever had that. Buying at $15k-$16k is a low assumption and price to wait but it's that not impossible and as you have said, after the bull run. In which country you are from?
Could possibly be there are some good local exchanges you can use there.

[Reid]

I'd be thinking deeply about what decision you will make.
There is a large chance it won't go that way again. I am not sure though. No one is.
If you are really trying to sell your coins, there a huge amount of exchange available to do so.
Just think about it for some time. Investors might also be holding right now because of the positive speculations that had been lurking everywhere.

[JimboToronto]

Hello there,

I'm considering cashing some BTC to fiat to buy more BTC after the bull (I'm targeting to buy again at USD 15~16k).
What it is the best way in your opinion to cash Bitcoins in 2021?

Thank you!

$15k-$16k?

IMO that's unrealistic wishful thinking.

If you really want to "cash" your BTC, you're probably better to wait for $100k.

Even then you may see it doubling or tripling before it crashes appreciably.

[Poker Player]

I agree with previous replies, just wait until the price is much higher and sell then. You don't need to sell everything though. Holding is the most profitable strategy. It is boring also, compared to buying and selling short-term but the changes you will be in profit are much higher.

[cryptomaniac_xxx]

Hello there,

I'm considering cashing some BTC to fiat to buy more BTC after the bull (I'm targeting to buy again at USD 15~16k).
What it is the best way in your opinion to cash Bitcoins in 2021?

Thank you!

Obviously, the best time to cash out is when the price is on top, $41k, but then again it's hard to timing the market as it is very volatile and we really don't know if that is the top price during the super fast rally that we have seen in the last three months.

However, I'm not seeing it going as low as $15k-$16k, we are still in the bullrun, the market just take a rest and investors might be switching to ETH for now. But when investors moves back the price could hit as high as $50k, then probably that will be your next target price to sell.

[STT]

Its often more dangerous for small holders to speculate on tops and bottoms to moves because it can be quite deceptive.    Any scenario I look at is just a maybe but just want to observe now if we have a triangle build up and possibly a break from that leads to much higher price movement.    I dont think its certain which way we move definitely until after but time to be cautious and I wouldnt sell all as its still a developing story.

[exstasie]

I'm considering cashing some BTC to fiat to buy more BTC after the bull (I'm targeting to buy again at USD 15~16k).

There's no point guessing the bottom until the top is in. And judging by how sideways the price action is on the daily chart, the top is definitely not in yet. After this consolidation is complete, another leg up to $60-80K is in order.

I don't think we'll see sub-$20K again, unless this bubble is a massive disappointment and peters out at $100K or below. I'm anticipating much higher levels.

[Obito]

I agree with previous replies, just wait until the price is much higher and sell then. You don't need to sell everything though. Holding is the most profitable strategy. It is boring also, compared to buying and selling short-term but the changes you will be in profit are much higher.

But if OP waits, when will OP know that it is the right time to sell, we do not know if that is the highest price so it will be a bad rule of thumb to follow. I do like the idea of not selling everything which means that you can still hold some amount even after cashing out. The decision at the end of the day ends in the hands of OP, if you want to follow the advice then it is up to you. If the profit gap between initial price and current price is so big then might as well get your piece.

[lichig]

Holding is the most profitable strategy.

I do not agree completely with that...

If I cash out, let's say, 10BTC today at USD36k, then I can buy 20BTC, if the price drops to a half of the current ATH — which is something that happened always, unfailingly,  in each bull run in the history of BTC.

So in my personal mental model, this is just a way to duplicate my portfolio with a moderated risk.

[exstasie]

Holding is the most profitable strategy.

I do not agree completely with that...

If I cash out, let's say, 10BTC today at USD36k, then I can buy 20BTC, if the price drops to a half of the current ATH — which is something that happened always, unfailingly,  in each bull run in the history of BTC.

That's a big "if" right there. In 2017, we only got 35-42% pullbacks. Never 50% or more until after the bubble popped.

So your approach only works if the bubble has already popped. The past week's price action (sideways for BTC, rallying for altcoins) tells me it hasn't. What if the bubble pops at $300K? You won't be able to buy back at $18K like you plan, I can guarantee it.

So in my personal mental model, this is just a way to duplicate my portfolio with a moderated risk.

The risk of course, is that you'll lose coins if the market moves against you.

Going off history, I doubt we'll see anything lower than the $24,000s. Even that is a stretch, and the window of opportunity is closing too. Within a couple weeks I am confident BTC will be pushing new ATHs. That'll be true whether it stays sideways from here or makes a second leg down below $30K.

[UnDerDoG81]

Did we ever go below last previous ATH after a bullrun?

[Husires]

Buy bitcoin.
When the price drops by more than 50%, buy.
Sell when you reach the capital you entered.
Congratulations, you got free Bitcoins.
I do not know when we will get a 50% correction, but look at the chart for a week and wait for it to turn red by 50%.

[lichig]

Within a couple weeks I am confident BTC will be pushing new ATHs.

What are the fundamentals supporting this theory?

[maxreish]

If you have local wallet, then converting it into fiat and hold it there until you decide to  buy bitcoin when it decrease. Or you can convert it into stable coins like tusd and stay it that way until the time you'll gonna buy more bitcoin around $15k.
 
 Or if you have your bank connected to your local wallets, that's also a good way to cash it out.

[Questat]

Don't hesitate to cash out now if you have already made some profit.
You wait for the price to dump $15k -16K, then you have to believe it will happen.

Actually, as of the moment, most of us are already bullish, we are in the bull market now, so people are so optimistic.
However, expect the unexpected, and that is to see the price dump, and you  will surely have that opportunity to accumulate that low.

[dothebeats]

I kinda like the idea of buying anything sub-$30k at this point. With the recent price drop from $40k to $30k I thought it would continue to go down back to at least $25k, but boy I was wrong. I still bought @ $32k just to add something on my stash that I have emptied since the price hit $40k. There's no way of telling exactly what price would we be looking at in the coming weeks. Most signals that I have followed anticipated a drop until sub-$20k 2 weeks ago but even those experienced traders failed to read the signals carefully, or interpreted it in such a way that they overshot their predictions by more than a mile.

[Oasisman]

Hello there,

I'm considering cashing some BTC to fiat to buy more BTC after the bull (I'm targeting to buy again at USD 15~16k).
What it is the best way in your opinion to cash Bitcoins in 2021?

Thank you!

That's not a bad idea. But lemme ask you a question first.
How much per Btc when you bought these Btc in your wallet?
Is it below $15,000? If so, then I guess holding still would also be a good option, because Btc seems not done yet. There are still a lot of positive speculations about $50,000 and 100,000 Btc price.
Here's a worse case scenario when you are looking to buy at the dip again; Btc might not be back at the $15,000 level or if it does, It might take quite a long time before it happens.
But If Btc crashes below $15,000 and you weren't able to cashout today, then you can buy more with your spare money. Btc is bound to hit the 6 digit figure price.

[Coin_trader]

The best way is to buy during strong support hit or when price close to hit. Do it partially so that in case the support was broken, You can open again another position to the new establish support. Do it until you completely use all your cash.

You can use this method vice versa way when selling your BTC in to cash. Change the support to resistance.