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Topic
Board Speculation
Topic OP
Predict top and your selling plan during this market cycle.
by
thecodebear
on 17/08/2020, 16:49:30 UTC
Two questions (just for fun, don't need comments about how nobody can predict the top or about how let's just focus on the next price movement):


1. How high and when do you think the price will peak at during the current market cycle, meaning before the next 2014/2015 or 2018 type bear market?

2. What is your selling plan for any long term bitcoin you are holding? Gradual selling? A single sell target - what is it? Just gonna see how things play out? Or maybe you plan on holding more long term and don't even plan on taking advantage of the market cycle.




Personally my guess would be the market tops out somewhere between $80k and $120k in late 2022, but just to be a bit safer I'm currently planning on starting to sell a little bit in the $50,000's, selling a bunch more in the 60k's and 70k's, probably only having a little bit left by $80k assuming it goes that high, and saving one Bitcoin for $100k just so I can say I sold at 6 digits in case it goes that high. But basically the vast majority I plan on selling between $60k and $80k which I'm perfectly happy with even if that ends up being several tens of thousand of dollar below the peak.

I know some people think it'll only go to $30k and some people think it'll go to $300k, so I'd be interested in your selling plan based on whatever prediction you have for this market cycle.