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Cricktor
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July 14, 2024, 06:18:25 PM
 #21

Welcome to the forum and you don't need to regret not having registered earlier. Nothing wrong with lurking and reading from the sideline and definitely better than those who register and immediately post basically some bs or meaningless things or worse cry like babies for spoon feeding.  Wink

I also like your exit strategy and hope it goes well for you for what it's aimed for. Even if you sell all your bitcoin, so what. It's not that Bitcoin will vanish from our world and if you feel the need to buy in at some later time, why not. It's all good when your profit is brought to some good for you whatever you have in mind with it (I assume the asset you're talking about isn't something that won't last long).

May your dreams come true, you've done a fine hodl so far.

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Zoomic
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July 14, 2024, 08:19:30 PM
 #22



I do have a plan for my bitcoin and it's looking like the next bull cycle ath may be my exit from the space. Although having said that I would like to keep a some btc.


You are officially welcome to the forum newbie. One interesting thing that caught my attention about this your post is your decision to only invest for a short term. I am glad you already have a plan for your investment, many are here without a clue of how they want to invest.  All they know is that they want to invest and start making money immediately.   Definitely, anyone can make money from investing in bitcoin but your expectations can be cut short if you put up the wrong strategies simply because you do not have a clue of what you really want.

A bitcoin investor who wishes to invest for a very long time should be willing to be patient too for a very long time. This cannot be compared to an investor who is only there for a short period of time.

As you have joined the bitcointalk family, do well to obey all the rules here. There's alot to learn here if you are really serious about learning and by the time we get to the next ATH, you'll be glad you joined the forum.

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tabas
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July 14, 2024, 09:31:36 PM
 #23

I have read the same thoughts about taking an exit for this upcoming bull run and then will never get back to the market. But you can't just be sure with that because you'll not know if that interest remains when you're able to profit. And having the background in the market, you just want to take those opportunities so that you won't be missing those opportunities when the times are gonna be realistically low for the market and you might see it as that time you can use as buying time. You'll never know but we do like to see how this bull run would be greater than the last one.

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reagansimms
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July 15, 2024, 08:03:01 AM
 #24

Hello @Lokstar, welcome to the forum.

Yes, if you want to start a discussion here you must have an account, you can ask anything here as long as it concerns Bitcoin and other Alt.
Storing bitcoin since 2016 is not something that is easy for an investor to do, you also missed the ATH that occurred some time ago. How can you just miss ATH when you can get a lot of profit from that moment, then you can slowly accumulate your assets again when trading at a cheap price.

If the ATH we just passed doesn't interest you, it means you need to increase the amount of assets to welcome the next ATH. Bitcoin has a bright future, you can keep it as long as you want, but one thing you should not ignore, always keep Bitcoin in a wallet that you can manage with the private key. Then store the private key in a safe place that is not easily damaged, does not fade easily when exposed to water and does not burn easily.

R


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July 17, 2024, 08:36:18 AM
 #25

For the future of bitcoin I hope the space becomes more resilient and we see less issues like Mt Gox etc. I also hope to see more people adopting bitcoin but for the moment a lot of people just don't understand it.
It's just a matter of time before we finally set things straight, understanding the complex details to acknowledge and evolving round the system. We should be able to understand what we seek and how bitcoin operates in the current system. Understanding the principles of the system is quite complex but we have no choice than stick to new development.
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July 17, 2024, 12:38:41 PM
 #26

Welcome to the forum and you don't need to regret not having registered earlier. Nothing wrong with lurking and reading from the sideline and definitely better than those who register and immediately post basically some bs or meaningless things or worse cry like babies for spoon feeding.  Wink

I also like your exit strategy and hope it goes well for you for what it's aimed for. Even if you sell all your bitcoin, so what. It's not that Bitcoin will vanish from our world and if you feel the need to buy in at some later time, why not. It's all good when your profit is brought to some good for you whatever you have in mind with it (I assume the asset you're talking about isn't something that won't last long).

May your dreams come true, you've done a fine hodl so far.
I guess everyone should set an exit goal and sell our bitcoin hodlings, not because it's the right thing to do, but mainly because we don't just buy to hold forever but we should also find the right time to sell and enjoy the fruit of our hardwork and patience while investing with bitcoin. So good luck to you OP and may you reap exceptional profits when that time comes. Hodling bitcoin for quite long years has never been easy, kudos to you for you haven't sell your bitcoin when others have resorted into panic selling.

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Today at 01:15:22 AM
 #27

I have read the same thoughts about taking an exit for this upcoming bull run and then will never get back to the market. But you can't just be sure with that because you'll not know if that interest remains when you're able to profit. And having the background in the market, you just want to take those opportunities so that you won't be missing those opportunities when the times are gonna be realistically low for the market and you might see it as that time you can use as buying time. You'll never know but we do like to see how this bull run would be greater than the last one.
If it means exit, then most likely he has no plans to get back into the market again. But I doubt if he will really stick to that knowing bitcoin becomes more interesting when its price increases even more. Maybe OP is just planning to take a break for a while and just enjoy his profits, but if he will see great opportunities to buy back again and continue holding, surely he will never miss that chance and get back into crypto again.

This is not only for OP but I am saying in general. While bitcoin still makes a good and high demand, then it's wise to strike while the iron is hot, so as not to end up regretting in the later part.

R


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