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Author Topic: At what price will you bitcoin holders sell if we have a major price spike?  (Read 685 times)
philipma1957
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March 16, 2024, 05:43:10 PM
 #61

Well I think you are right about the number 100k. That number is such a high number and I think people will start to sell and take profits when it does go that high.  And now I do think it there is a good chance it does see that price this year.
At some point, investors will have to sell in my opinion, and it's obvious to get the profit. I mean if you have been holding or accumulating like in 2022 or at least during the FTX collapse, that is a huge gains already if we hit $100k. So maybe the plan is to sell just in parts. If it hit $100k then sell some, and so $120k or if we hit $150k. At least that could be a good strategy in my opinion, staggered sets and at least you could have taken profits every time the price reaches new heights. But not today though, it's just $70k and not going to make that great ROI in my opinion. Next year should really be the goal for everyone to sell.

well it depends on your age.

when you got in

price you got in.

how many coins do you have.

take a 50 year old got in 2017 for 16 k a coin and hodled till now.

well he would be 57 .

and if he got 5 coins for 80k in 2017 he is likely to sell 1.2 coins.

that gives him 3.8 coins and the same 80k he started with.

but if you are 35 and purchased a coin for 60 k in april 2021.

you may say fuck this hodl hodl hodl. til 2028.

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March 16, 2024, 06:19:54 PM
 #62

I keep hearing things like we could spike to 200K really quickly and stuff like that, maybe in just weeks.

My question is when will you guys start to sell if we have a major spike?
$200K? It might happen, but the chances are pretty low TBH. The more realistic peak that can happen is around $150,000. Only me, and other people's prediction. Smiley
When will I sell? My starting selling price is $100,000 then I'll do it again when it reaches $120,000. If it will not reach $150,000 for some reasons and it chooses to go down already, I will sell all of my assets when it hits $100,000. At that time, I'm not holding any Bitcoin anymore aside from maybe 0.001 BTC that I'll be holding for maybe longer (might sell it on the next bull run).

I used to think I wanted to sell at 100K, but this is rising so fast I have been thinking more like 150K to start selling.

How will you sell, slowly into a spike or wait for a set price and just dump.
Always set a selling price, and whatever happens, sell at that price.
As long as you have profit on it then it's all good. You can sell a portion of your Bitcoin holdings at $100,000 if you want to, and sell the other ones when it goes up even more. How will I sell? I already said it. It's kind of like DCA but selling instead of buying. Set selling price targets, but I would suggest to start selling at $100,000 because we might see some selling pressure there.

 
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stomachgrowls
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March 16, 2024, 07:23:20 PM
 #63

I have been thinking about when to start selling my 2 bitcoins I purchased for $21,000 each average price during 2022 lows.

I keep hearing things like we could spike to 200K really quickly and stuff like that, maybe in just weeks.

My question is when will you guys start to sell if we have a major spike?

I used to think I wanted to sell at 100K, but this is rising so fast I have been thinking more like 150K to start selling.

How will you sell, slowly into a spike or wait for a set price and just dump.


Totally depends into your own personal targets on which not everyone would really be having the same targets that we do have in our investment. If Bitcoin would really be making those price spikes
then of course there would really be those short term fellas who would really be securing profits as much as they could and there are ones who would really be having that threshold hit before
they would be making such act on which it would really be just that a common approach. So selling decisions would really be entirely be depending on you on which whether you do sell on 100k-150k-200k or
even on $1M then its all of your own preference.

It is really just that each one of us does have that sell targets and there's no way that we can tell on each of  everyone of those selling points. What matter the most on here is on the
profits that you are making doesnt matter if its short term or long term.

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April 12, 2024, 04:19:26 PM
 #64

I was having this kind of mind set before, that made me to remain low in wealth because I told my friends that I will not sell my btcs until the price hit $100k, but till  now the price is still far from $100k that made me to changed my mind to sell my BTC, and never to wait till $100k before I will sell

But you can hodl your BTC till $100k or $150k occur in the market and nothing wrong about that, but those that will be selling their BTC before such price will begin to exist in the market, it will help them to make more profits than those that will continue hodling their BTC till their target of $100k come to real in the market before they can sell.

 Once there is a bull market, I will sell and save the money  and wait for another lower price to come before i can buy again and hodl the BTC for 4 years because the massive bull use to occur every 4 years some time.

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April 12, 2024, 04:33:34 PM
 #65

But you can hodl your BTC till $100k or $150k occur in the market and nothing wrong about that, but those that will be selling their BTC before such price will begin to exist in the market, it will help them to make more profits than those that will continue hodling their BTC till their target of $100k come to real in the market before they can sell.


It depends if Bitcoin price will experience massive correction before it hits the 100K price target because those who will sell now will obviously get less profit compared to just hold if they can’t enter on price that is much lower to their selling price.

Judging on the current price condition of Bitcoin which 60k is already a strong support. I think 100K is already around the corner without any major correction.

Quote
Once there is a bull market, I will sell and save the money  and wait for another lower price to come before i can buy again and hodl the BTC for 4 years because the massive bull use to occur every 4 years some time.

Except on this year, Because it only took approximately 2 years before this current bullrun happened.
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April 12, 2024, 05:39:08 PM
 #66

Predictions on the price to sale in this bull run keeps changing, in the last quarter of last year leading to the Bitcoin ETF, it was to sale at $100k, but after the ETF happened and a new ATH was seen before halving, the optimism hit the roof and I'm hearing between $150k to $200k. I think that we might see $100k or slightly above this year, and it'll still be early, so if I want to sale I'll do so when I see price reach $150k and above, I'm quite positive that it can happen within 2025. So I'll just keep the faith and keep hodling till it reaches the estimated target before selling.











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April 12, 2024, 08:01:05 PM
 #67

If we hit $100k I'll probably sell 1% of my bitcoin to have some fun and buy some gifts for my family, but that's all I'll do. I'm a holder and I'll keep holding most of my savings in bitcoin, regardless of the price. If we suddenly went to $200k I'd also sell 1% to celebrate, just as if this was $100k. That said, at 1m I'd probably buy myself some more treats, so $1m would be that trigger where I'd maybe get rid of 10% of my bitcoin. That said, I cant think of a price where I'd sell everything. Even at 1m it would only be 10%. Same thing at $2m - another 10%. I'd rather live a normal life holding bitcoin than spend it all on lavish lifestyle and own no bitcoin.
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April 12, 2024, 08:25:45 PM
 #68

If we hit $100k I'll probably sell 1% of my bitcoin to have some fun and buy some gifts for my family, but that's all I'll do. I'm a holder and I'll keep holding most of my savings in bitcoin, regardless of the price. If we suddenly went to $200k I'd also sell 1% to celebrate, just as if this was $100k. That said, at 1m I'd probably buy myself some more treats, so $1m would be that trigger where I'd maybe get rid of 10% of my bitcoin. That said, I cant think of a price where I'd sell everything. Even at 1m it would only be 10%. Same thing at $2m - another 10%. I'd rather live a normal life holding bitcoin than spend it all on lavish lifestyle and own no bitcoin.

I like the way you treat your investments and maybe this is a very wise choice when you think about a good future or retirement with bitcoin. The price of bitcoin will basically never rise easily past $100k, let alone $500k to $1 million. This is indeed difficult, but of course there is a profit target that we need to achieve and when that target is achieved we also need to sell bitcoin to enjoy it, not just invest.

I prefer to withdraw all profits and leave my main capital for growth. Of course the profit I expected was higher than my capital, so I invested in other businesses to generate side income. This is the thing that I think about the most, but so far I haven't determined where I should withdraw all the profits because I still want to hold bitcoin in the long term.
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April 12, 2024, 09:52:11 PM
 #69

I have seen that the price here is $100k, it is something that everyone wants, but I am sure that when they sell at $100k, they will be buying a lot and those who sell will not even Realize it but after doing so the price will continue to rise like the foam and it could reach about $150k, it could be a lot, or maybe I'm too positive, but it is something that can happen and it is Something that is within the possibilities, many have high prices, at more than $150k, like I am somewhat conservative, I think that price for me is a good peak, but so far what we can see is that the price is rising, but there is something that is still missing, I don't know if after the halving this will skyrocket, but the market looks very good, bitcoin is more willing to rise in price.

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April 13, 2024, 02:56:23 PM
 #70

Predictions on the price to sale in this bull run keeps changing, in the last quarter of last year leading to the Bitcoin ETF, it was to sale at $100k, but after the ETF happened and a new ATH was seen before halving, the optimism hit the roof and I'm hearing between $150k to $200k. I think that we might see $100k or slightly above this year, and it'll still be early, so if I want to sale I'll do so when I see price reach $150k and above, I'm quite positive that it can happen within 2025. So I'll just keep the faith and keep hodling till it reaches the estimated target before selling.
That's because they did not expect the bull run will come so early and they are very positive that we will get to $100k in no time and once we are already there, it's normal for the people to set a new target again because we will get left behind. Not only cryptos but technology and others are also evolving, so we need to keep up with the pace. I think the max price that we can get this year is $150k but this was a very good achievement already for Bitcoin and also for the long-term hodlers who get this far before they drop their loads but they can choose to leave something apart from buying another because we are not done yet with our bull run, as we haven't reached $200k yet.

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April 13, 2024, 03:40:01 PM
 #71

Lately I have being going into the market with short term aim and u have being making some gains as the amount of satisoshi that I have managed to accumulate have grown significantly since over a mount that I took that approach to take advantage of the bitcoin market volitilities to make some profits for myself.

Although there are times that we make some dollars loses but overall the amount of my bitcoin Sat's, increase slightly which overall is a good sign

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