Post
Topic
Board Speculation
Re: Predict top and your selling plan during this market cycle.
by
maydna
on 18/08/2020, 06:24:47 UTC
Yeah like I'm super surprised by these $30k predictions. I figure those people must be new to bitcoin because there is no way you've been through a bitcoin bull run before and think this next one is only going to go up 50% over the last one haha. I think for most people who have been around for a while we understand that $100k is the main target for this market cycle, it may or may not hit it, but it's a reasonable prediction and the peak will likely fall relatively close to it. So yeah your 4x of the lowball predictions is a good system I guess haha.

I guess the bitcoin price can increase more than $30k in the next bull run because, in the last bull run, the price can touch almost $20k. And bitcoin already gets halving, which means the reward reduces to half the amount than the previous time halving, and that can make the bitcoin price increase so high. We never know how the higher bitcoin price will be, but we see so many predictions in out there, so we can wait for a while and see how the bitcoin price will increase later.

But the important thing is we need to have a target price to sell, so we don't miss the highest price that will come soon. Besides that, with selling the bitcoin, we can buy back bitcoin when the price is down or making corrections again like before.