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Author Topic: What will you do with bitcoin?  (Read 951 times)
MainIbem
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April 26, 2023, 08:04:45 PM
 #81

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?

The first thing to ask yourself is that why are you buying bitcoin?
Naturally people buying bitcoin for investment purposes and to make profits at the right time meaning if the price gets the certain level they wants they sells of without waiting for anyone else (opportunist). There are some people who have this long term investment plans which might likely hold for about 4 to 8 years to come knowing what would come out of bitcoin. I do manual trading (scalping) whenever the price gets to my projected points i sells of without waiting much longer, probably when the price drops i re-buy again maybe this time around planning to sell when it gains another ATH.


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April 26, 2023, 08:10:55 PM
 #82

As holders of Bitcoin, we set a price target for selling. If the price reaches a certain point, such as $70K, it may not be feasible to continue holding. Everyone has their own target, and personally, I aim to sell when the price is at least double what I bought it for. Afterwards, I wait for a dip to accumulate more. This is how I manage my Bitcoin portfolio. It's important to establish your own selling goal, as holding onto Bitcoin doesn't necessarily mean holding it forever.

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April 27, 2023, 09:27:11 PM
 #83

As you suggested if Bitcoin reaches 70k, I will sell 70 % and hold 30%. I will acquire some physical assets as an investment after which I will purchase another bitcoin when the market is stable for a while.

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April 27, 2023, 09:51:21 PM
 #84

I am planning on holding my crypto as long as I could and until I had enough to buy the things that I want and need, actually the price doesn't matter for me if I have enough crypto to buy what I need and want then I would sell it to achieve my goals.
I didn't invest here to just hold it, I invsted in order to gain profit to achieve my goals.



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Rainbot
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April 27, 2023, 09:58:55 PM
 #85

That should base on your satisfaction if Bitcoin reach $70k-$80k, if I'm satisfied by the price of bitcoin then I will sell it. And if I don't want to sell, I would be holding it until my satisfaction to sell I will sell, it's depends our goals, If
you  really need the money, you might sell a few percent of  your asset, but if not, you will probably wait for the target price. Well but it's depends the circumstances, however, depending on the circumstances, if the conditions for price development occur rapidly, you may continue to hold the asset you own, until your feel that an appropriate price has been reached.
To be honest, I'll be somewhat satisfied even somewhere between $50,000 and $55,000, which isn't even too close to the previous ATH of almost $70,000. The reason for this is because I'm trying to be as modest as possible, and my DCA is at $28,000, meaning that I'm going to be doubling the current amount I'm holding, which doesn't sound too bad to me if you're asking. There's certainly room for even higher prices within the next few years, but my main concern would be how to sell and cashout such an amount of Bitcoin.

We'll see, it's still way to early to make any assumptions. Hopefully, I won't need the money and they'll remain intact.
If bitcoin price was more higher than $55,000 then if at this $55,000 is not a satisfactory to those who met it at that time. But for those who were not at that time might okay with the $50,000- $55,000. For me, even the present price is okay because I could remember when I buy my first bitcoin in the early January. And compare the price of bitcoin at that time and now. I can see the very big different.  But the most satisfaction price has been stated in my previous comment.

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April 27, 2023, 10:03:28 PM
 #86

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?
This is a strange question and I don't expect this kind of question from someone that has been in this forum for a while now. Whether we choose to sell it and make profit or we should to keep holding for as long as we want should not be inform of a question like this. This is a typical newbies question I have been seeing on different thread for so long and I keep seeing till now. I can't say what I will be doing with my Bitcoin if the price skyrocket to the previous high or exceeded the price.









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April 27, 2023, 10:54:22 PM
 #87

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?

70k-80k target is not my sell target, I will only sell when it hits 150k and I believe that will happen in the next bull season. I will sell all my bitcoins and buy a house and a car, give my wife some to open a small business for business, and some will be sent to my parents in retirement.
Then I'll go to work and earn money to buy back bitcoins when the market crashes again.
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April 27, 2023, 11:23:54 PM
 #88

Having bitcoin is same as having money in our wallet. What we do with our money, we spend on our needs and keep the rest for further needs. Meeting all the necessities we'll have money for our savings. This will be done with bitcoin, we've got multiple usage and that makes it to be used on various needs than just as an alternate to money.

Everyone earns to live and the earning gives you additional growth/loss while holding. Without doubt this serves better than money through its characteristics.

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April 28, 2023, 05:16:22 AM
 #89

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?

We still tend to hold onto it when we are not involved in a big enough problem that makes us need funds to solve it or in terms of need factors where later we have to sell it, although not in large quantities. But so far even though Bitcoin is on a rising price chart we are still consistent in holding and holding it and doing DCA little by little.

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

To be honest, this depends on the targets and needs of each individual user, as well as a person's mindset and the perspective of their use. But there are also Investors who target price and I personally sell when I am in a situation where I am forced to let go both for the economy and needs but I tend to target the price more.
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April 28, 2023, 05:38:33 AM
 #90

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?
Right now I do not have a price in my mind in which I would sell my coins, and the reason for this is simple, I do not really need my bitcoin investment at all, right now my plan is simply to try to hold for as long as I can, since the longer I can hold the more benefits I get by basically doing nothing.

Most likely my bitcoin holdings will allow me not only to retire early, but to do it with a quality of life higher than what I could have achieved without my bitcoin investment once I finally decide to sell, assuming that at the time I need to sell my bitcoin at all.
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April 28, 2023, 07:25:55 AM
 #91

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?
My set target price is $100k to sell my Bitcoin, that is 5 times of my initial investment. But i'm not depriving myself to take profit at times. I do sell when there's a decent price increase and when I want to enjoy some of my earnings and it's also a reward for myself.

But I might change my mind to sell at my target price when the bullish season comes because as we know many predictions are positive that Bitcoin might go beyond $100k in the near future. It's a good investment and I don't want to miss the chance because we can't turn back time.

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April 28, 2023, 12:13:14 PM
 #92

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?
If bitcoin hit that price I will sell mine because I got profit on it. Then I will be waiting for bitcoin price goes down and I will be buy back again then hold it again and wait for the good price to sell it again.
Bitcoin is good to trade if you want profit in bitcoin just be wise and always observe the price.
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April 28, 2023, 02:10:27 PM
 #93

Yes, I have a certain price level at which I will be ready to sell my savings but not the entire amount. I think most will do this, because if you sell your entire deposit, you can say that you left the industry. I invest the proceeds in real estate or another business that will make a profit, the money that I get from this transaction will definitely go into business and will be spent wisely.

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April 28, 2023, 02:27:21 PM
 #94

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?

Ok, for me there are only 2 intelligent things to do if you decide to sell it.
1. Create your own physical or virtual business.
2. Buy another set of fractions when Btc comes down in a sharp correction.
Otherwise, you're only just wasting away your money for spending it to something that's not gonna generate an income for you. Unless, you're on your retirement where luxuries and material things really matters for you.
I also admire those people who can be patient enough not to sell all their bags and wait until several years hoping that Btc won't take much longer before it hits the 6 digits mark.
That will most probably come. 70k or 80k might just be a tip of an iceberg.

R


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April 28, 2023, 02:30:09 PM
 #95

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?
Bitcoin is money, what exactly do you do with money? I believe answering this question should already give you an idea of what I wil do with my bitcoin..

Money is meant to be spent, as well as invested for more money in the future, and when this future comes with more money, you still spend, and still invest again for even more money in the future, this tells you that there is always a coming future as long as we sleep and wake up every day, and that future must be prepared for..

Even right now, I spend my bitcoin, and invest some for future profit, when the price goes to 70k, 80k, 100k, or even more, I will still spend bitcoin, while still investing/keeping some for the future.

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April 28, 2023, 02:47:59 PM
 #96

I keep bitcoin as an asset for the future and until now I have no thoughts of releasing bitcoin and I don't have a target at what price I will release bitcoin, which is strange, I have thoughts of the bitcoin that I hold now, I will make it an inheritance for my children later.

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April 29, 2023, 04:40:56 AM
 #97

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?
If i buy bitcoin around 15k$ and it rise up to 70k$ i will sell my holdings because i am in the big profit it this could happen, and i believe that many people or investors will do the same thing because we cannot hold bitcoin in a whole decades most of us invest bitcoins for profit so if we can earn profit then sell.

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April 29, 2023, 05:34:30 AM
 #98

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?
If i buy bitcoin around 15k$ and it rise up to 70k$ i will sell my holdings because i am in the big profit it this could happen, and i believe that many people or investors will do the same thing because we cannot hold bitcoin in a whole decades most of us invest bitcoins for profit so if we can earn profit then sell.

It depends on your goals, I bought bitcoin for $16k last year but I don't think I will sell bitcoin for $70k. It is not a high profit for me, I have enough time and am willing to hold to sell at 150k-200k. It is true that holding bitcoin forever is not a good idea, but holding it until you reach your goal is not so difficult.

.
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April 29, 2023, 06:16:25 AM
 #99

Is not everybody that have the stamina to hold too long, I don't think if bitcoin hit $70k I will still holds no, I will sell and wait when it will fall again below $60k. People have different investment priorities and needs, most people wouldn't wants to delay if the price gets to $70k-$80k that's huge progress to many, ah you don't understand. If you've up to 4units of bitcoin currently and keep holding till the Price reach $80k you're on big time benefits if you want to cash out. But some people will still holds, is choice.
yudi09
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April 29, 2023, 09:56:42 AM
 #100

Expecting profitable returns can be the desire of every investor in investing.
When the price reaches $70K, of course I will let it go.
From the experience of having experienced how Bitcoin reached ATH in 2021, I will return to buying when the price declines.
I think investors out there will also not hold back when the price is at its highest level because the desired amount of profit is sufficient to be fulfilled.

R


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