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Author Topic: As Bitcoin Prepare for more Bull, What's your Decision  (Read 435 times)
Aanuoluwatofunmi (OP)
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February 20, 2024, 09:41:40 AM
 #1


https://twitter.com/naiivememe/status/1759584807666000341?t=ggkgMqRoL_xBRc_w0VPq1g&s=19

Bitcoin is all I need and you can ask me why?

Because Bitcoin is on it irresistible move to $60,000 and more thereafter halving.


https://twitter.com/BTC_Archive/status/1759536216075104306?t=Vqs54a-qEWNZhNgLeSonRg&s=19





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February 20, 2024, 09:45:56 AM
 #2

To answer your question about my decision, I don't think that 60k is going to be my goal so this to me is just a passing number that's not even close to my target price so hopefully I'll still be accumulating at that time and be able to increase what bitcoin I'm currently hoarding right now. My plea to everyone out there, 60k isn't the right price to sell because bitcoin's going to be more than that.



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February 20, 2024, 03:35:46 PM
 #3

 Bitcoin is on an upward journey and even though it will encounter some delays along the way, it's still not enough reason for me to hurry off and sell my coins. For me $60k is something we'd not have to wait too long enough to see and using that as yardstick to measure success or the level rice enough to cash in is quite a low thinking for me because if it can get to $51, 430 as at time of writing, it can also surpass that mark and even hit a $100k thanks to the halving so I'd keep hodling as there's the saying that the patient dog eats the fattest bone.

R


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February 20, 2024, 11:13:40 PM
 #4

My decision is to just hold my bitcoin and do DCA to increase my bag holdings, but from your speculation bitcoin might not cross $60k this month with what I am seeing currently because there is a selling pressure which is causing buying force to be very weak cause bitcoin to remain in 51k to 52k plus for the past 3 to 5 days now. If you check clearly bitcoin has been hovering around a particular spot for a very long time now, the only thing that can pull it off is buying pressure, when the market changes its face then you will see bitcoin meeting another new price level with this moves am sure of 55k before next week.

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February 21, 2024, 01:16:15 AM
 #5

Different people with different views and plans about Bitcoin. Some had envisaged what we are currently experiencing, while some are late to opt-in but still want to enter the train to avoid completely missing out on the world's cake presented by the coin. Anyone yours is, try to be very careful, your trading chart should be your friend and your account management should be your top priority. Don't be a blind follower as well because anything unforeseen could happen.

For me, I've stopped buying Bitcoin since last year, I can't buy it anymore since it's too expensive now. This is worth it because I started buying the coin in 2022 when I joined Bitcointalk. What I was reading at that time motivated me so much, so I was getting ready then even when it had not bottomed yet and I made sure that I bought enough of it periodically as my capability could carry me. That is what I will maintain till after the halving period and I know that Bitcoin will at least reach $100,000 no matter what happens.

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February 21, 2024, 03:05:24 AM
 #6



I reckon when someone begins to hold much bitcoins where someone starts to win or lose more than an amount of his monthly expenses in every 10% pump or a 10% dump, this might cause someone the question if this is reality or if we are in the matrix hehehehee.

On every pump, it will make the holder dream of retiring early. However, on every dump it will make him thankful on having a real job hehe.

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February 21, 2024, 12:16:59 PM
 #7

Quote
As Bitcoin Prepare for more Bull, What's your Decision

Those who are only making decisions now are already quite late, because the right decisions are made long before any signs of a bull run appear. Besides, why get excited about some rather unimportant numbers, because until the price reaches $100k you don't need to open the champagne. I don't mean the need for some kind of exit point, but as some kind of milestone, Bitcoin at $100k and a market cap of around $2 trillion are certainly nice numbers.

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February 21, 2024, 01:51:46 PM
 #8

To answer your question about my decision, I don't think that 60k is going to be my goal so this to me is just a passing number that's not even close to my target price so hopefully I'll still be accumulating at that time and be able to increase what bitcoin I'm currently hoarding right now. My plea to everyone out there, 60k isn't the right price to sell because bitcoin's going to be more than that.
$60k is even less (ATH) than in the last bull cycle. Selling at this level is permissible only for those BTC-investors who bought bitcoin in the cycle before last. To me, it looks unreasonable from an investment point of view to sell bitcoin below the $100k mark. This level is quite achievable in this bullish cycle, but such prices should be expected later than the halving. Probably even with some delay.

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February 21, 2024, 06:38:14 PM
 #9

To answer your question about my decision, I don't think that 60k is going to be my goal so this to me is just a passing number that's not even close to my target price so hopefully I'll still be accumulating at that time and be able to increase what bitcoin I'm currently hoarding right now. My plea to everyone out there, 60k isn't the right price to sell because bitcoin's going to be more than that.
$60k is even less (ATH) than in the last bull cycle. Selling at this level is permissible only for those BTC-investors who bought bitcoin in the cycle before last. To me, it looks unreasonable from an investment point of view to sell bitcoin below the $100k mark. This level is quite achievable in this bullish cycle, but such prices should be expected later than the halving. Probably even with some delay.
There would really be no any sense that you will really be that selling now even lets say that you have been able to buy on $60k+ on previous bull run or simply you have caught yourself with the peak.
Of course you would really be trying out to have that kind of revenge on which you would really be holding your position until bull run comes. You are already aware about its potential and you are
already aware on when to sell for sure and setting up goals accordingly, so that you wont really be ending up yourself again on holding up your position for too long years.

Preparation for upcoming bull run is what most people are focusing now, if you do missed out on bagging those potential coins and not really just that limited to Bitcoin then you would
really be finding yourself on missing out the golden train and this is something that we should really be that not doing anymore.
Waiting up for another cycle would really be costing up again 4-5 years which is a long time.

R


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February 21, 2024, 07:31:35 PM
 #10

The initial decision that has not changed is to want the full amount of Bitcoin. I am thinking about something that is currently the opposite of the situation, namely preparing all the necessities needed when prices decrease.
I ask myself, how ready am I now and how ready will I be in the future.

This thought is because I still don't have Bitcoin like other people who have accumulated before the current price.
My thoughts say that this is not only a matter of improvement, but also a matter of decrease if it exceeds expectations. The thought was strange, but it came to mind.
If it continues to rise until the halving, I congratulate all Bitcoin holders.

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February 21, 2024, 07:48:36 PM
 #11


Bitcoin is all I need and you can ask me why?

No need to ask. Bitcoin enthusiast already know to accumulate is better than procrastinate about accumulating  Grin


Because Bitcoin is on it irresistible move to $60,000 and more thereafter halving.


$60,000 is not yet at the current ATH and bitcoin has the tradition of doubling it previous ATH or trippling it, so if you calculate ATH of $68.997 and doubling it or maybe times it by 3 then you can estimate the range of next ATH. This has been the tradition with btc in the past 10 years plus. Bitcoin at the last two halving was around $20k and it went up to $68k. So be assured that after the resistance, bitcoin price will keep soaring especially after the halving in April.

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February 21, 2024, 08:27:28 PM
 #12

In my case it's easy to decide. I held bitcoin when it fell to $4k in 2020, I held it when it went to $60k, then it fell to 30, I still held, then it went to 68k and I still held. I sold a small amount to celebrate every time we hit a new important high, but it was less than 1% of my holdings.
When we went back to 50k after 2 years, I sold a very small amount to by myself some treats and gifts for my wife and child, but that's it. I bought my wife a gift card, just little things that make our life more interesting. It's not about holding until death, you need to have fun, celebrate, be able to enjoy life by traveling, being able to buy people gifts, eating healthy.

What my goal is? Right now I'm going to hold and if we correct below 50k I will do the same. If we break 60k, I'll again sell maybe 5% because I was thinking about building a garage near my house. It's not a pressing matter, but if Bitcoin happens to be generous like that, I'm not going to say no.

The rest is going to be held for until we hit $100k, at which point I'll sell another 5%.

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February 21, 2024, 08:52:45 PM
 #13

$60k is too little compared to the amount Bitcoin analysts had predicted for the coming Bitcoin bull run's ATH.  Many believe that Bitcoin will breach $100k this time so it is quite easy to say that the best decision would be to DCA while Bitcoin isn't rallying hard yet and hold or set a selling price and wait for it to happen.

If a person wants a maximum profit then it is best to have patience and wait for the Bitcoin bull run to climax and if possible sell it at its peak.  I decided to wait for Bitcoin to record its new ATH and sell somewhere near it then wait for the market to enter a bear market and replenish the Bitcoin that I sold during the bull run, rinse, and repeat if possible. 

The initial decision that has not changed is to want the full amount of Bitcoin. I am thinking about something that is currently the opposite of the situation, namely preparing all the necessities needed when prices decrease.
I ask myself, how ready am I now and how ready will I be in the future.

Why not DCA now, we all expect that Bitcoin will surge in the coming months.  Buying Bitcoin now and selling it at a higher price will give you additional funds if you plan to buy on the Bitcoin bear market.

This thought is because I still don't have Bitcoin like other people who have accumulated before the current price.
My thoughts say that this is not only a matter of improvement, but also a matter of decrease if it exceeds expectations. The thought was strange, but it came to mind.
If it continues to rise until the halving, I congratulate all Bitcoin holders.

Don't stay on the sideline, if you have the plan to buy BTC don't wait for too long, you are losing profit each day that you hesitate to buy BTC.
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February 21, 2024, 08:58:52 PM
 #14

This thought is because I still don't have Bitcoin like other people who have accumulated before the current price.
My thoughts say that this is not only a matter of improvement, but also a matter of decrease if it exceeds expectations. The thought was strange, but it came to mind.
If it continues to rise until the halving, I congratulate all Bitcoin holders.

Don't stay on the sideline, if you have the plan to buy BTC don't wait for too long, you are losing profit each day that you hesitate to buy BTC.
Btw, thanks for the reminder. However, I want to say amidst the thoughts I have said above that I am making efforts to continue buying according to the money I currently have. For a long time I sat on the sidelines ignoring the opportunity to immerse myself in Bitcoin.
Methods and strategies depend on readiness and I will not force myself if it is beyond my limits because I don't think it will be optimal.

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February 21, 2024, 09:37:21 PM
 #15


https://twitter.com/naiivememe/status/1759584807666000341?t=ggkgMqRoL_xBRc_w0VPq1g&s=19

Bitcoin is all I need and you can ask me why?

Because Bitcoin is on it irresistible move to $60,000 and more thereafter halving.
I understand what you are trying to portray, but I do not really agree completely with the message that meme shows, it is true that many people spend all their wealth in a bunch of stuff that will have no value in a few years, however to think that bitcoin is all what you need is a mistake too, spending some money here and there in stuff you really need or want is not wrong, as we must think not only on what the future could bring but on the now as well, and if you can spend some of that money to make your life better now then I would think of that as a good use of your money too.

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February 21, 2024, 09:41:26 PM
 #16

My decision? Nothing but to HODL.

That's all, it's not just going to be back to $60k again and we're actually close to it and just a few jumps away and we're back to the former ATH. The halving will make more significant pump for the price of it.

And as much as we're predicting that much, maybe the delayed $100k that was seemed to be predicted for 2021 bull run is going to continue and will make it happen this time, 2024 or 2025.

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February 21, 2024, 09:49:59 PM
 #17

Quote
As Bitcoin Prepare for more Bull, What's your Decision

Those who are only making decisions now are already quite late, because the right decisions are made long before any signs of a bull run appear. Besides, why get excited about some rather unimportant numbers, because until the price reaches $100k you don't need to open the champagne. I don't mean the need for some kind of exit point, but as some kind of milestone, Bitcoin at $100k and a market cap of around $2 trillion are certainly nice numbers.

Thats right Lucius, if people havent made the move into Bitcoin by 2023 for example,
its FOMO time, and on the other hand there are others who think they are too late?

$60k isnt really a target of note, there are obvious others and ones that some people
keep quoting:

ATH $69,000
$100,000
$250,000
$500,000
$1,000,000

TBH increments of $50k after we reach $100k is nice to mark.

As per threat title question, my decision will be to sell some for home repairs but the
majority will be HODL on.

R


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sheenshane
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February 21, 2024, 11:59:26 PM
 #18

TBH for now, I didn't look at the market price, why?
To avoid being tempted to sell, we know that seeing our potential profit becomes a decision to sell our Bitcoin.
That's why I'm trying to hold even though a small amount of Bitcoin.

The most anticipated moment is when Bitcoin halving is successfully done and after a month there will be an ATH, so I think isn't the right time to sell our Bitcoin seeing the $50k plus range.  Just hold IMO.

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February 22, 2024, 01:03:26 AM
 #19

I'm not only eyeing that $60,000. I'm planning to keep mine way beyond that. I don't plan to sell at $60,000. That's too low. That's not even the ATH yet. But I also don't plan to dispose mine when the ATH is broken, which is very possible to happen within the first half of the year, if not even before halving.

I might take some profit and enjoy a nice vacation when the price hits six digits. That's not a very ambitious target of course. It could also happen within the year.
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February 22, 2024, 04:22:17 AM
 #20

To answer your question about my decision, I don't think that 60k is going to be my goal so this to me is just a passing number that's not even close to my target price so hopefully I'll still be accumulating at that time and be able to increase what bitcoin I'm currently hoarding right now. My plea to everyone out there, 60k isn't the right price to sell because bitcoin's going to be more than that.

I wait for the opening price and usually on Monday morning the price is lowest at the opening. Indeed, we have to be smart enough to anticipate buying times even though we have also tried to use the DCA technique.

To charge your price correctly and the figure of 60K is still relatively small compared to the conditions for the middle of this year. I'm sure there will be many big events coming to the market and the hope is that everyone will probably be the same, hopefully the positive will be more dominant, otherwise the market response will reverse again.

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