$100k is my main target for selling. Hoping end of next year price is over $100k and I sell just over $100k. Selling won't even start to cross my mind until it gets over $80k.
What % of your stash are you planning to sell?
It might be a brilliant place to sell if we're looking at a 2013 scenario, where we had a mini bubble in April followed by the big blowout in November. The April run topped ~7x above the 2011 ATH, then the market crashed 83%. You'd make a killing on that.
I'm a little worried we're looking at something different though. If it's more like 2017, we could go straight to $300K before the bubble pops. Selling everything at $100K would be extremely painful in that case.
Just something to consider.
Exstasie,
these thoughts have brought me to a new strategy for my long term crypto. Instead of trying to time the market and sell it all close to the top, assuming these cycles will just stay the same and we'll see an 80% fall over the following year and trying to hit the bottom again the way I did perfectly two years ago, I'm just going for a much longer term strategy. I'll sell about 10% of long term Bitcoin in a year just go get some initial money out and be comfortable financially, and then after that I'll sell a fixed amount each year which would last me another 27 years until I ran out of what I currently own. That way I'm still getting money out (taking profits) on a regular long term basis, but I allow most of my coins to stay in for much higher prices in the future, and I don't have to try to guess the market tops and bottoms which I would likely often get wrong.
Anyway, thanks for leading me to this line of thinking. It really relieved me today, as I realized I don't need to worry anymore about guessing tops and bottoms in the future, and I just keep the majority of my coins very long term.