Post
Topic
Board Speculation
Re: Predict top and your selling plan during this market cycle.
by
pooya87
on 18/08/2020, 07:33:15 UTC
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.

ever since 2015 that i entered bitcoin world and bought some coins during the crash i never had any plans to sell my bitcoins but that doesn't mean i don't sell anything. it is more like pulling out some fiat to enjoy the profit but mostly i consider bitcoin to be a currency and am willing to spend it specially whenever price is rising or has risen.

as for the top since you want a guess, i like to use the past performance. last "cycle" price went from $150 to a little less than $20,000 which is 13,233% rise. so if we are to see that much rise at least then we have to see price go from $3200 to $426,656.
but historically the rises become bigger and faster each round as more people adopt bitcoin and we may have more institutional investors coming in too. so $500k would be my guess for the next peak.