What will you do with bitcoin?

[Texac]

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.

There is no such thing as being too intelligent or too hard to do that.  i mean, most investors will do this because everyone's goal is the same, it's profit, I mean, it's very easy, a strategy that almost everyone knows. i wonder, but why is there always a loser in this game, and is the market always so easy to predict? buy when the bear season comes and sell bitcoin when the bull season comes? the market has done it over and over again 3 times, and I think there may be changes soon that makes it more unpredictable.

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[petulino]

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....

If Bitcoin can be used as a currency for buying and selling, it can be very convenient, but in our region you can't buy or sell anything with Bitcoin yet and I don't think Bitcoin has been used to buy things yet.

Bitcoin may be used as a regular currency in the future and experts believe that the future of digital currency is very bright where different countries can use Bitcoin as a currency to trade with each other, but it is not that simple because the banking sector and some country will never want people to start buying and selling in Bitcoin or digital currency.

So I think for now all our focus should be on profit.

[S A KHAIR]

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?

What is the purpose when we enter the market? That is profit, so when the price increases, we have a profit, and selling to make a profit is obvious. And if someone has been in the market for a long time and knows how the market works, they will continue to capitalize on that, buying in a bear market and selling in a bull market. I will sell all my bitcoins and will wait to buy them back when the bear market comes.

[Smack That Ace]

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.

Government is only part of the reason because we can use bitcoin for payment without government permission, we just need consensus between seller and buyer. As you said, it is not recognized as currency in many countries. Why are so many people always encouraging others to do the opposite when they themselves use bitcoin to invest?
To me, bitcoin is both, and if I share bitcoin with someone, I support and encourage them to use it as an investment rather than a currency. Because we have a need to make money, others want it too.

[Popkon6]

Once Bitcoin reaches the moon there will be nothing left to do, as all work must be done in the present. Now if you invest in bitcoin then surely there will be benefit if bitcoin price is high level otherwise no profit. The more you can invest, the more benefits you will get from Bitcoin.

I want to tell everyone that I am already thinking about Bitcoin. Because this is a good investment opportunity, if this opportunity is lost, then the investment will be at a higher price. I converted some assets to Bitcoin and kept an Electrum wallet for a long time. Bitcoin price will continue to rise as time goes on so invest fast.

[Outhue]

When BTC reaches a new ATH, there's no reason to keep holding, take your profits, and then hold them, you worked hard and your dreams came true, so enjoy them, but keep some money in reserve and wait for another great opportunity to grow your BTC. This is also a great way to increase your BTC.

A great reset can result in 1 BTC if you buy back afterward. People want the bull market moment to last forever, but sadly those moments never last, so if you know how to take advantage of it, it's a good way to get your retirement plan working at a greater speed.

[Obari]

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?

Well there are so much to do when bitcoin  finally hit its all time high and technically, this question is for those that are seizing the besr market to buy of bitcoin  or those who already have in their wallets.
The choice of ones activities when bitcoin gets to an all time high greatly depends on what goals one has before investing.
Personally  I will just want to live my dream life and give myself all the best i could possibly  offer and I've heard stories of people who seize the opportunity  of the bear market to accumulate more bitcoin  just to achieve their dreams when the bulk market comes.

[Dr.Bitcoin_Strange]

When BTC reaches a new ATH, there's no reason to keep holding, take your profits, and then hold them, you worked hard and your dreams came true, so enjoy them, but keep some money in reserve and wait for another great opportunity to grow your BTC. This is also a great way to increase your BTC.

Obviously, that's what some people have been doing before they were able to accumulate a huge amount of Bitcoin in their portfolio. That's what some people intend to be doing as well, but I will be totally wrong if I say that that's what everyone is doing. Some people have been holding their Bitcoin in their wallet for more than 10 years now, and some Bitcoin addresses are also holding a particular amount of Bitcoin in their custody, which has never changed for quite some time now. I used to wonder how long those people intended to hold them and at what price they intended to sell them. Even in the last ATH of Bitcoin, most of them did not sell. For me, I feel that  another approach I can use to increase my Bitcoin holdings is to sell during bull season, reverse the money, and buy back during bear season.

[serjent05]

When BTC reaches a new ATH, there's no reason to keep holding, take your profits, and then hold them, you worked hard and your dreams came true, so enjoy them, but keep some money in reserve and wait for another great opportunity to grow your BTC. This is also a great way to increase your BTC.

A great reset can result in 1 BTC if you buy back afterward. People want the bull market moment to last forever, but sadly those moments never last, so if you know how to take advantage of it, it's a good way to get your retirement plan working at a greater speed.

Smart investors ride this cycle of the market.  They buy during the bear market and sell when the bull market kick in.  They just rinse and repeat this kind of strategy.  While other day trades their way in accumulating a huge amount of BTC.  But whatever we do, knowledge  and patience is very important because we will encounter several hurdles while we are holding Bitcoin but this knowledge and patience will keep us the right path whatever is happening in the market.

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.

AS Bitcoin getting popular and more adoption is going everyday, the government who are against Bitcoin will come to realize that they are missing big time for banning Bitcoin.  And may lift the restriction in order to take part on the benefits Bitcoin produce.

[crypticj]

A great reset can result in 1 BTC if you buy back afterward. People want the bull market moment to last forever, but sadly those moments never last, so if you know how to take advantage of it, it's a good way to get your retirement plan working at a greater speed.

Yeah, but it's pretty hard to find a moment when the bull/bear market has started or ended. It's very easy to make mistakes along the way but I think if you DCA and HODL then it's easy to catch these moments.

But I think even harder is to decide when to sell. Because you can easily lose potential gains if you'll sell to early.