Quote from: error08 on January 15, 2021, 11:15:57 PM

Quote from: Joyawan13 on January 10, 2021, 04:58:32 PM

what should we do if we have some bitcoin at this time, regarding the increase in bitcoin prices that we see today, of course the value is very high compared to the increase in the past years, so do we have to sell some bitcoins at the current price, or even we add value to the amount of BTC that we have today by buying it at the current price for us to store for quite a long time ,?
What are the suggestions & opinions of all of your friends who are here?

The fear of missing out when the price of bitcoin increase rapidly and regret when selling too early or too late are some feelings that we have to deal with.
Bitcoin price supposed to increase this year, some say up to $250k but I would assume $100k, it's better if bitcoin can increase more than that obviously.
Therefore, if you don't need to sell bitcoin, don't sell it until it reaches the peak refers to your perception, rather accumulate more coins into the wallet.
If you are a trader in order to maximize the profit, buy and sell at your will but don't regret the wrong-call that you may make.

FOMO is what we can say normal since many people doesn't want to miss the current market condition since they might think to earn when they buy at the current price but actually this action is dangerous if they didn't follow the market closely since any reaction might lead them to lose the opportunity to sell.

Although there's possibilities that we can reach to $250k as you said but it's quit high peak to reach, maybe the $100k for now is pretty reliable but first we need to see it reach at $50k so that we can assume that $100k price will be possibly gotten for this year onwards.