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Author Topic: What will you do with bitcoin?  (Read 949 times)
Supreemo
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April 26, 2023, 02:52:25 AM
 #61

Quote from: crypticj
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
Are you a spirit because is only a dead man or spirit that don't need money but as human being is concerned, we need money to do so many things to improve in our various environment. If the price of BTC go up, it will be a good thing for you to sell and wait for the price to go down before you can buy again and hold for another opportunity to come. I will advise you to sell when the price hit $70 or $80 because that is the price many people are eyeing for the price to reach before they can sell to carry out their plan to become a wealthy man in the society.



I don't think you should advise other people to sell at some point or not. I disagree with you about that, but it's ok, most likely our goals and views are different. And you won't become rich if you have, like, 0.1 BTC or less even when it hits $100k.
it's your choice either you will sell or hold you bitcoin but mostly of us is if the target price we wanted was achieved then it is an opportunity to sell rather than you will regret for not selling it and what matters here is you don't have to be greedy that much you can still buy if the price will go down again and hold it for long.
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April 26, 2023, 04:28:54 AM
 #62

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?

There is never an end to human’s need or necessity. I am 100% sure that, right now who are claiming that they will sell the coin at 80k usd, will themselves change color and will again claim to sell at high price. Bitcoins won’t suddenly jump to 80k usd all at once. It will slowly take the charge and will go up, seeing this steady growth of the coin many will greed and will hold it again when Bitcoins start the reverse gear. My plan is simple, these Bitcoins are rare, so I do not have any cashout plan. I will only withdraw these Bitcoins when I will be in need of money. Else these suit best in my wallet only.

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April 26, 2023, 05:15:43 AM
Merited by Fiatless (3), Aanuoluwatofunmi (2)
 #63

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?

It's a good thing you're asking yourself this questions now as it means you're preparing yourself so you'll know what to do in the future when Bitcoin price increases and not rush into followings the crowd to do what they'll be doing when Bitcoin reaches high price again.

I won't sell because $70k is just a tip of the price that Bitcoin can go, we're looking at a more higher price in the bull season because Bitcoin always increase in a very big way whenever there's a bull market so I'll be looking at prices of $150k.

Before investing, you should know your sell target and what to do with the profits you're making, You can decide to sell some portion of your Bitcoin and do other investment that can be used to bring in steady income when the market is very bad like in the bear market.

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April 26, 2023, 05:36:41 AM
 #64

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?

Think about it as any other "reasonable" investment. Stocks, real estate, gold... Unless that's your main source of income, people usually don't buy to resell when it increases in value.
It is actually a way to diversify your wealth against several risk factors, creating a solid portfolio and maybe a retirement plan.
What usually happens with these portfolios: They change, maybe swapping one asset to another, cashing out some, or adding on some.

I personally believe, if you understand the foundations of Bitcoin, you would never want to sell all/most of your holdings, unless you are really in a financial crises that doesn't leave you any other choice.

Get educated about Bitcoin. Check out Andreas Antonopoulos on Youtube. An old but gold talk: https://www.youtube.com/watch?v=rc744Z9IjhY

Daniel Schmachtenberger on The Meta-Crisis: https://www.youtube.com/watch?v=4kBoLVvoqVY&t=288s One of the most important talks about the current state of this planet. Go check it out.
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April 26, 2023, 05:41:58 AM
 #65

If the price of Bitcoin increase to $70,000 or $80,000 this year, I will not sell than to continue holding till the price hit $100,000 before I can sell to carry out my plan which I know that the income I will achieve at the moment will help me to create many businesses in my country. Based on what is happening in the market now, showed that the price of Bitcoin will continue to pump higher until the price reach the level where traders will begin to trade their Bitcoin to make a good income. It will be favourable to those that will continue to hold with confidence till the price of their choice appear in the market before they can sell to smile.

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April 26, 2023, 06:13:23 AM
 #66

I think one day for sure the price of bitcoin will be high because the supply is limited to only 21000000.
so I personally will not sell btc at a low price and I will only sell btc above $ 200k but according to my predictions btc has the potential to be more than $ 200k in the future.
and hopefully in 2023 the price of btc will quickly increase.
but we also have to prepare mentally so that we can with hold btc for the long term and the future.
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April 26, 2023, 06:22:16 AM
 #67

When Bitcoin hits 70k or 80k, I'll sell enough to pay off my student loans and take a nice vacation. After that, I'll keep holding on to it for the long haul. Who needs a Lambo when you can be debt free?

Yes, I think Everyone Needs a Picnic here Grin Grin Grin. Meaning Taking a little time with your family for a well-deserved vacation is also a great way to reward yourself for the hard work you've put into investing. Planning is pretty smart in my opinion and I'm glad to hear that you have a plan for your Bitcoin investments and that you prioritize financial responsibility by using the profits from BTC to pay off your student loans.

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April 26, 2023, 06:46:57 AM
 #68

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 planning to sell it or you will keep holding it?
If you will sell it, at what price are you planning to do it?

Let's say Bitcoin touches a new All-time High. That doesn't mean it is over. Bitcoin price will grow over time. You cannot predict where it will end. You cannot say that 100k is the most pick point and it can not pass this range. The scarcity of Bitcoin will increase and it will affect the price of Bitcoin. If Bitcoin touches my desired price, of course, I will cash out some profits. But, I will still hold a portion of Bitcoin so I don't miss further pumps. Also, sometimes I have to use Bitcoin as a payment method for privacy and security reasons. So yeah, I will still hold Bitcoin no matter how big the price becomes.

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April 26, 2023, 07:03:32 AM
 #69

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".
We all know what the future of Bitcoin will look like and where this virtuality will go. Surely Bitcoin will move to a position that no one could have ever imagined. We have seen how the Bitcoin market has grown and its value has reached its highest level. But at the current position, the price of Bitcoin certainly has the potential to double again. And all investors think Bitcoin will one day go to the moon and become a bull market.

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 will not sell bitcoins even when the bitcoin market reaches $70k to $80k. Because I think Bitcoin will hit $100,000 and it's going to happen very soon. There is a special discussion about this in the various central banks that will ever increase so much. However, the current position of the market is definitely the right time to invest, so I think it is necessary to invest and hold Bitcoin. And when the price of bitcoin reaches its peak, sell bitcoin and then reinvest again when the market bears.

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April 26, 2023, 07:32:42 AM
Merited by Weawant (2)
 #70

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".
There are only 2 options.
1. You either choose to HODL it even though the bull run already started because your target selling price didn't reach during that run at all.
2. You will sell your coins during the bull run, and wait for the market to go down again so that you can buy more Bitcoins in a bear market. I mean that would be better than the first one for me.

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 will sell when the bull run comes.

I don't know where I read this quote, but it says "Don't fell in love with your assets". What does that quote mean? Don't fell in love with your assets that you are willing to hold it forever. Know when to sell if needed especially if the bull run comes. Don't miss the opportunity to take some profits during the bull run. During, and after the bull run, you have 2 opportunities. Opportunity to sell your holdings and take some profits, and opportunity to buy again after the bull run since after bull run, bear market comes.

Speaking of opportunities, I will just share probably my biggest mistake here. Bull run in 2021, I'm looking at how the market went up during that time, and instead of selling most of my holdings at that time, I choose to hold it still until 2022 comes, and all of my unrealized profits are gone. Cut the story short, I learned after that time that I should sell my token holdings when the bull market comes, and I will do it when the next bull market happens. I hope that some here will do the same as well.

Target price of $70,000? $80,000? That might've been so conservative if you will ask me. I believe that in the next bull market, Bitcoin will reach the $100,000 price per Bitcoin for the first time in over a decade of it's existence.

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April 26, 2023, 08:33:42 AM
Merited by fillippone (1)
 #71


I will sell when the bull run comes.


True, Bitcoin has shown significant growth in recent years and has reached an all-time high and the cryptocurrency market can be very volatile and unpredictable. While there is potential for Bitcoin to continue to grow and even double, I don't think this is a 100% guaranteed result.

Also, if we look at it, some investors may have high hopes for Bitcoin and see it as a promising investment opportunity, especially since it is often said that the concept of Bitcoin will go "to the moon" and be based on a bull market although this is speculative thinking and optimism I think everyone is waiting for him.

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April 26, 2023, 08:41:14 AM
Last edit: April 26, 2023, 12:53:58 PM by Bazzu
 #72

selling btc price at any price is the right of each,
and i also have bitcoin and i will invest it for long term.
but of course I will also sell my bitcoin, around 10% if the price of btc is at $85k and I want to enjoy the results of my investment for holidays and so on.
and I will save and hold my remaining 90% btc for the future, because we will not know the price of btc in the future and I hope that in the future the price of btc will increase more than $500000.

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April 26, 2023, 11:09:00 AM
 #73

You should follow your instincts. This is not the proper time. Always sell at a high price, never at a low price or when you are doubtful of 'how low it can go.' If you sold Bitcoin right now, how would you know when it had reached its lowest point?

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April 26, 2023, 11:14:27 AM
 #74

Surely every person who expects a return on investment has goals. A one-time profit and its further spending will lose all meaning after the long wait for such a gift. It will be smarter to create your own business with the dividends received. So that later this business will either bring additional passive income or become the main occupation that can give you a free existence from other employers.

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April 26, 2023, 11:15:19 AM
 #75

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?

In order to answer this question, you need to understand why you are in the cryptocurrency at all. Bitcoin itself does not carry value, unlike fiat money. You can buy anything for them and solve any problem, so the answer is: when the price of bitcoin becomes about 80k, then of course I will sell it to buy again on the correction. Why keep it without selling it? I have already had a case when I did not sell at the maximum price. This is a mistake.

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April 26, 2023, 12:29:37 PM
 #76

When bitcoin is at that price then indeed I will definitely do as I usually do by selling little by little from the profits I got from my previous purchases and DCA.
But in this case I will do it in a gradual way considering that all conditions can still occur there and of course taking some profits there would be good enough for me to do.

As for the rest I'm not really going to sell the whole thing because apart from wasting the initial capital on that, I definitely have even bigger hopes for the future. As for the proceeds from sales which are carried out in stages, I always set aside some to wait for bitcoin to be corrected or crash again, even though this is a little long and some is to be enjoyed as a form of appreciation for myself.

It may vary slightly but when it comes to what I do this is what I always do and I have done something like this a few times since I was in bitcoin a few years ago.

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.Duelbits.
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April 26, 2023, 12:48:20 PM
 #77

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?
Almost every one of us has a different pattern or strategy in long term investing or in day trading.
For example, I have been holding and maybe I will release some Bitcoin when it reaches a new ATH price [beyond the current ATH price] because the target has been reached. Next, we will wait until the Bitcoin price decreases again.

For other people, maybe they have a different way to me. Maybe they will wait until the price reaches $100K.

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.Duelbits.
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April 26, 2023, 03:22:34 PM
 #78

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 will invest and invest again from time to time, when there's bullrun and then i realized from the event, i will buy more and put back the money on the investment, there's this target that is common, once your buying rate is greater than your selling rate, then you have broken even, we will always keep our money on bitcoin investment because it's more profitable than the traditional money which inflation may alter it value over time.



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April 26, 2023, 03:53:04 PM
 #79

One thing you should remember is to never marry the bag unless you plan on holding on to it for a long time because that's what you are going to do when you try to ride the hype and you didn't sell at peak because you thought it's not going to go down anymore. I believe that the next bull for bitcoin will make it reach the 100k territory so that's my mark to sell and for now I plan to accumulate as much as I can while the price is still affordable and I can get more bang for my buck.
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April 26, 2023, 05:02:16 PM
 #80

I will keep saving my Bitcoin for my future and goal aim, but if the most necessary need arises to important situation, I will sell some, by doing so, I am solving my problem and present need, what is it if I store or gather huge amount and I can't spend to help my life and situation, the only thing here is spend wisely and apply wisdom in every condition and situation you found your self, help your self from your efforts you have made.

Probably, no one knows tomorrow, you denied your self due to high profit while you are dying and suffering, please no one knows tomorrow.
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