Post
Topic
Board Bitcoin Discussion
Re: BTC is over $54,000, hold or sell?
by
Lucius
on 09/03/2021, 15:19:14 UTC
Suppose as an individual, will you sell your bitcoins at a good price or just hold them?

I personally think that the current price is just the beginning of what is yet to come, because each new ATH is significantly higher than the previous one.  Given that the previous bull run started in mid-2016 at $400 and ended in late 2017 with $20k, we are talking about even x50 growth over a period of 1.5 years. If we even assume that this time the growth will be lower, I still don't believe it's unrealistic to expect anything below x5 (last ATH $20k = $100k), but even x10 is not something to be surprised about if it happened.

Investing in Bitcoin has proven to be a great hedge in the long run, the facts are clear and indisputable - so I think it’s pretty stupid to sell at this point, unless there’s a need that requires it.