Quote from: Slow death on Today at 06:52:22 PM

Quote from: thecodebear on Today at 04:49:30 PM

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?

to be honest i think the highest we will reach will be $30,000 in 5 years, it seems more realistic. I also don't believe in these absurd $500,000 even if it was 50 years from now

Quote from: thecodebear on Today at 04:49:30 PM

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.

I would consider selling at $20,000 and then expect to fall to buy again and sell at $30,000 again.

Quote from: thecodebear on Today at 04:49:30 PM

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 think you’re dreaming too high, don’t have any chance of the price reaching $60,000, I think it’s impossible

Well that is a very bearish view I must say. Did you also think 2017 was only going to go to $2000?

Basically you're gonna sell at $20k, right as the market is starting to heat up, watch it go up a few hundred percent from there, kicking yourself the entire time. Just like anyone in 2017 who sold when it got back over $1000.

I suggest checking out previous bull runs if you really think it is only going to go a little bit higher than the last market cycle. At this point in the last cycle the price was like $700...and it went to $20k. So thinking the price won't do much more than double from here, is, well, a bold prediction! If you're happy with selling at $20k then that's cool, but I think for most of us we don't want to sell just before the main bull market begins, cuz that's kind of the worst time to sell.