Quote from: GigaBit on January 08, 2023, 04:14:23 PM

Quote from: JamesDaniel90 on January 05, 2023, 12:31:00 PM

I started accumulating Bitcoin after the June crash last year, my average buy is currently $17500.

I feel like it is a good time to be accumulating but also lately have been thinking it may be a while until it is worth selling.

I think Bitcoin will reach $100k maybe $150k next bull run in 2025 but feel that is not going to be enough for me to sell as I won't have anywhere near 1 full Bitcoin.

I invest in Bitcoin weekly but I also have other Altcoins I invest in so it is not a large amount I am able to put into Bitcoin right now.

I am thinking of just accumulating till 2029/2030 which should be the next bull run after 2025.

Hopefully by this point I will have close to 1 full Bitcoin and the price will be at least $250k which would then be worth selling to me.

In this regard one person's intention may be different. A holder may think differently to what a trader would think. There is a less chances of similarity of thought with these two types of people. When you sell bitcoin is entirely up to you. You can buy bitcoin at a low price and sell at a small profit or hold them for a long time and take more profit. It will basically depend on the condition of the individual purchase. But my thought with bitcoin is that when I get 2-3x my investment I will sell bitcoin and try to buy again when price will drop. There are many good holders who will sell $100k or $200k at this price after holding for a long time.

When to sell is a very personal question as it depends on too many factors that are different for each person, there are holders out there that are not planning to sell their coins at any price, and while this posture is great it is not really something that everyone can do due to their economic situation not being that great, now even those which are doing well do not have that kind of commitment either, and they have set in their mind a price at which they will sell their bitcoin if we happened to reach that level during the next bull run.