What will you do with bitcoin?

[Xampeuu]

if bitcoin reaches a price of $ 80k, then I will sell it and leave a little, and the result I will make a real asset like in my mind to make a rented house, so I will get passive income every month, we don't know if after reaching that price bitcoin will keep going up, so I secure the money I have earned to strengthen my family's finances, because once you experience a reversal, you will have to wait a long time to fly again. but maybe after the family's economy is strong, maybe I will hold it for a longer period of time for the inheritance of children

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[Razmirraz]

Focusing on the reason you originally bought Bitcoin is one way to avoid losing the value of the assets you have. When the price has reached a new ATH, maybe you think it will go even higher, what if the price continues to fall which makes some of your asset values decrease?

Bitcoin sound long-term fundamentals make investors and traders believe in the future prospects generated from Bitcoin. Very high price fluctuations make Bitcoin one of the most speculative trades, there is a need for risk management so that you can still be profitable as planned.
Hoping the price continues to increase is not a mistake, but you must be able to measure the initial goal to prevent losing the profits that have been collected.

[crypticj]

I would like to use bitcoin as a payment method for my daily transactions, such as buying food, paying bills and other expenses. I also want to buy products from the internet and pay for them with bitcoins.

Do you think it will work?
it's not very convenient to hold your money in a currency that can fluctuate 5% a day. After some time, you would probably come back to a more stable currency.
I even created a topic about bitcoin being currency and it doesn't look like people want it to be one.

[Agbe]

When the time comes, well will know what to do and all will be depending on the quantity of bitcoin at that time. If the quantity you will have at that time is much more then you can split it and sell half of it and keep the remaining half. You don't have to empty your wallet because bitcoin has gone to the peak of $70,000 or to $80,000. At that time bitcoin will be used in different ways. It might be use to buy things easily from retail stores which will be the best time of it.
As for in that period or time. I will still hold it because that will not be the last stage of bitcoin. And that will be determined by how many BTC are in my wallet. But the matter what, I can't sell all. At least small fraction will be in the wallet.

[btc78]

Hello guys!
Today I was thinking about Bitcoin and where it will finally go up. And I came to the conclusion that I don't really understand what is the right thing to do with Bitcoin after it will "go to the moon".

Not sure if I am going to believe this claim mate as you are not new in this field and asking and telling us that you don't have idea
 once bitcoin reach the top again is really unbelievable.

you can cash out and have a luxury living?

not unless you only hold small amount then there is no sense about this.

So I wanted to ask you all, what are you planing to do with bitcoin when it will go to 70k, 80k etc. Are you planing to sell it or you will keep holding it?
If you will sell it, at what price are you planning to do it?

My target is when bitcoin finally hit 6 digits , and if that happened? i will temporarily convert in to stable coin and withdraw some to extend my real life business,
and those remaining will be for buying again once the correction happens.
meaning I only waiting for at least 1-2 years more before this happens.

I'm planning to sell it at some point, not earlier than $100,000 for sure. And when it slides below that I'll buy some again.

same plans lol.

I'm planning to sell it at some point, not earlier than $100,000 for sure. And when it slides below that I'll buy some again.

I would like to use bitcoin as a payment method for my daily transactions, such as buying food, paying bills and other expenses. I also want to buy products from the internet and pay for them with bitcoins.

that is what we all wanted mate , but the  fact of truth is that most of us has no availability in our region and country so how can we use bitcoin as payment method.

[adzino]

Hello guys!
Today I was thinking about Bitcoin and where it will finally go up. And I came to the conclusion that I don't really understand what is the right thing to do with Bitcoin after it will "go to the moon".

So I wanted to ask you all, what are you planing to do with bitcoin when it will go to 70k, 80k etc. Are you planing to sell it or you will keep holding it?
If you will sell it, at what price are you planning to do it?

Are you here to make profit? Then sell it with the price goes up and enjoy the profit. But are you here to use bitcoin as a regular currency? Then hold it and use it as a regular currency. There is no need to sell it. If the value goes up, then great. You have to spend less bitcoin  when buying anything. The price goes down? Not a problem for you. You still uses it as a regular currency. It is just that you need to spend more of your coins to buy the same thing....

Most people are here for the profit. So when the price goes up, the sell and take the profit. When it goes down, they reinvest.

[xSkylarx]

It really depends on the situation if i really need that money then i will sell it off but if not i will just sell half of it and wait until when it is best time to buy more. It is really better not to sell all of it because after that you feel in void as you already gain profit and you dont know whats next and you still need to want have more profit in the future so it is best to not sell all of it and still continue holding

[crypticj]

It really depends on the situation if i really need that money then i will sell it off but if not i will just sell half of it and wait until when it is best time to buy more.

This is a great tactics. You never know when bitcoin will go up or down so the best way to "catch" it in a good position is to DCA or hold some cash to buy bitcoin if needed.

[landheer]

if bitcoin reaches a price of $ 80k, then I will sell it and leave a little, and the result I will make a real asset like in my mind to make a rented house, so I will get passive income every month, we don't know if after reaching that price bitcoin will keep going up, so I secure the money I have earned to strengthen my family's finances, because once you experience a reversal, you will have to wait a long time to fly again. but maybe after the family's economy is strong, maybe I will hold it for a longer period of time for the inheritance of children

In my opinion, this is a good and wise decision, indeed in this case we have to be smart in managing the strategy as well as investing in BTC because of course the aim of investment is to make a profit.
and I think your opinion is a good opinion because you don't waste a good opportunity when your investment has made a profit and you sell half of your bitcoins and finally you get a profit from your investment in btc.

this is a good decision my friend...

[Smack That Ace]

()
 The price goes down? Not a problem for you. You still uses it as a regular currency. It is just that you need to spend more of your coins to buy the same thing....

I doubt this, I don't think anyone is rich enough and generous enough to do this. No one buys bitcoin at $69k and will spend it when it costs $30k, even those who consider bitcoin a currency. That's a big deal for anyone.

Most people are here for the profit. So when the price goes up, the sell and take the profit. When it goes down, they reinvest.

This is true, many people are always propagating and telling newbies that bitcoin is not an investment, bitcoin is a currency and should not be viewed as a tool to make money. But even they see bitcoin as a tool to generate profits. Honestly, I've met many people who both use bitcoin for investment and use it as currency in some cases. But I've never seen anyone not for profit treat bitcoin as a pure currency.

[xSkylarx]

It really depends on the situation if i really need that money then i will sell it off but if not i will just sell half of it and wait until when it is best time to buy more.

This is a great tactics. You never know when bitcoin will go up or down so the best way to "catch" it in a good position is to DCA or hold some cash to buy bitcoin if needed.

You will also not feel behind with it because you still hold some bitcoin but that is also good approach to catch a good position but the right timing is crucial that is why not selling all of your bitcoin is good as you already took that trade in lowest price and for sure after that peak it will be dropping as that is the time to have a good catch. Also it is better if you have like accumulate bitcoin overtime coming from your money like you'll have 5% of your salary invested to bitcoin

[Inwestour]

This is true, many people are always propagating and telling newbies that bitcoin is not an investment, bitcoin is a currency and should not be viewed as a tool to make money. But even they see bitcoin as a tool to generate profits. Honestly, I've met many people who both use bitcoin for investment and use it as currency in some cases. But I've never seen anyone not for profit treat bitcoin as a pure currency.

For many who hold bitcoin, it will currently be an investment, because in different countries it is not recognized as a means of payment, but this may change in the future.

And who is now able to understand that we are in the early stages of a bull market, of course, want to get profit from this opportunity. Bitcoin can be perceived as a means of payment, but this does not prevent it from being a great investment, at least for now. We should not try to share these opportunities of Bitcoin, on the contrary, we should try to benefit from all its advantages.

[posi]

This is true, many people are always propagating and telling newbies that bitcoin is not an investment, bitcoin is a currency and should not be viewed as a tool to make money. But even they see bitcoin as a tool to generate profits. Honestly, I've met many people who both use bitcoin for investment and use it as currency in some cases. But I've never seen anyone not for profit treat bitcoin as a pure currency.

For many who hold bitcoin, it will currently be an investment, because in different countries it is not recognized as a means of payment, but this may change in the future.
...

Things may or may not change in the future. But I wonder, for an asset that is always volatile and everyone knows it will pay off if they hold it for the long term. Are they willing to use bitcoin for daily spending? If it were me, I wouldn't do that even if it was accepted as a means of payment.
I have no reason to use something with the potential to add value in the future for everyday life while we already have fiat to do that task. Not only now but in the future, as long as bitcoin can still appreciate, not many people will use it as a currency.

[dlightag]

Bitcoin is a digital assets, which everyone needs to hold, or trading on it enable to a potential profits, in other words Bitcoin is served as a means of buying or selling of good's through Bitcoin payment which many companies has recognize as a global payments.

[BITCOIN4X]

Most people are here for the profit. So when the price goes up, the sell and take the profit. When it goes down, they reinvest.

Yes, it is a basic principle of trading and investing. Buy low and sell high, it is a way to make profits regardless of the time frame they adopt in trading. Regarding investment, it is hoped that it will be for a longer period of time, for example 2-5 years and selling the three targets is expected to have been achieved.

Price volatility should be utilized by traders, especially for those who like trading strategies such as scalping or like that. But if they are investors who expect returns in the long term, then of course buying on the dips and accumulation is the most advisable.

[crypticj]

Yes, it is a basic principle of trading and investing. Buy low and sell high.

Yes! It sounds simple, but in fact, it is the hardest part. You never know when bitcoin reached its peak or hit the button so it's always a guessing game. And moreover, considering that bitcoin like any asset can go down because of the FUD, it's getting even harder to find a perfect moment to buy or sell. That's why we have DCA to solve this problem.

[pawel7777]

Hello guys!
Today I was thinking about Bitcoin and where it will finally go up. And I came to the conclusion that I don't really understand what is the right thing to do with Bitcoin after it will "go to the moon".

So I wanted to ask you all, what are you planing to do with bitcoin when it will go to 70k, 80k etc. Are you planing to sell it or you will keep holding it?
If you will sell it, at what price are you planning to do it?

I'd definitely sell some when it looks like the price might have reached the cycle's peak. I'll be aiming to sell around half of my stash (depending on where the price will be) to help me finance some purchases to improve my own and my family's life. For the remaining part, I'll probably sell also around half of that (so ~25%) and try to buy back when bull run ends. But, as historically I wasn't doing that great in predicting market trends, I'd like to just hold the remaining 25% (i.e. in case I make a bad call and bull run keeps going). I don't intend to ever sell 100% of my bitcoins and would like to pass at least some to my children at some point.

[serjent05]

I'd definitely sell some when it looks like the price might have reached the cycle's peak. I'll be aiming to sell around half of my stash (depending on where the price will be) to help me finance some purchases to improve my own and my family's life. For the remaining part, I'll probably sell also around half of that (so ~25%) and try to buy back when bull run ends. But, as historically I wasn't doing that great in predicting market trends, I'd like to just hold the remaining 25% (i.e. in case I make a bad call and bull run keeps going). I don't intend to ever sell 100% of my bitcoins and would like to pass at least some to my children at some point.

Well, selling is the most intelligent thing to do when the market reaches the peak of the cycle.  then wait for some time and reinvest if we feel that Bitcoin had already reached the bottom.  If we are wrong in our assumption then we can always cost average until we are satisfied on the average cost of our investment.  This way we can easily grow our Bitcoin portfolio over the course of time.  Just repeat the said strategy every cycle and we will find ourselves holding way more Bitcoins that our initial investment.

That said, I am also selling part of my holdings if I feel that Bitcoin had reached its peak and rebuy when the price become cheaper.

[freedomgo]

Hello guys!
Today I was thinking about Bitcoin and where it will finally go up. And I came to the conclusion that I don't really understand what is the right thing to do with Bitcoin after it will "go to the moon".

So I wanted to ask you all, what are you planing to do with bitcoin when it will go to 70k, 80k etc. Are you planing to sell it or you will keep holding it?
If you will sell it, at what price are you planning to do it?

Currently, given the last ATH of bitcoin, I still don't see any reason why I would sell my coins because the price is still not very convincing to me.
Now even if there will be another ATH that will happen after the halving next year, which is really likely to happen, I still don't think that it will convince me to give it up and sell it, even a fraction of it because if there's an urge to use some of the funds, I've got the altcoins to help me settle it instead of touching bitcoin that is already with me for a long time now.

Thinking about the price that will likely make me sell some of it, I think I'll start to consider if it will be over $1,xxx,xxx.

[panganib999]

Basically I will keep holding Bitcoin if hits new all time high. My plan is to hold Bitcoin till it's been legalized by the Government. Because we maynot be able to buy Bitcoin agin at the low price. Day by day it's popularity will gain also it's usecases. So who will sell it too early? I think selling Bitcoin is a fool decision if you don't need it badly. Keep Bitcoin holding and enjoy the Ride of Bitcoin. I have trust on Bitcoin and one-day it will be legalized and adopted massively then it will be very precious.

You can keep holding on to it forever buddy. There's no way in God's Green Earth that governments all across this planet will somehow allow bitcoin to operate within their Country. Even US as of the moment is a little on the hating side with bitcoin, and has since formed factions in and out the government sector that are strictly opposed to bitcoin ever operating on the country again. Plus, a country being more accepting of bitcoin doesn't necessarily equate to higher price valuation. Look at what happened to bitcoin during the period when El Salvador basically made bitcoin their currency. Price plummeted and took a while before it could recover. So yeah, it's good that you trust bitcoin and all that but you can't trust the government being very accepting of bitcoin.