Quote from: Jody.Drummer on February 25, 2023, 06:44:45 PM

Quote from: samcoin on February 24, 2023, 11:14:09 PM

Quote from: kiddex on February 08, 2023, 11:57:16 PM

Ok so this is a little down the road from here but assuming after the next halving and bitcoin goes into another bull run, when would be a good time to sell?i have already went through a couple of bull runs and bear markets but i didnt sell and take profits. I would like to sell before the next bear market to take profits this time.

So if bitcoin's cycles remain true, when roughly would be the start of the next bear market after the 2024 halving and bull run for a good time to sell. Can this be predicted somewhat? For all you TA guys when would be a good time to sell just to give me an idea? Thanks.

I think no one can give certain answer, because the cycles that Bitcoin price follows could change over the time. For example, in the first cycle, Bitcoin took 367 days after the halving to reach ATH, while in the second cycle, it took 527 days. However, the world's events heavily affect Bitcoin in the short term, but for the longer term, we have no doubt that the price will be much higher than now. In my opinion, Bitcoin will reach a new ATH in the summer of 2025.

Yes you are right, no one can give a definite answer to this question. I don't think we should focus on that, I know that we want the highest price to sell bitcoins and want to avoid a bear market. But if we really believe in bitcoin, then we can keep waiting without thinking about when the time is right. There have been many questions about this, starting from when to buy, when to sell and so on. If we only focus on that then we will continue to ask questions that actually don't have very accurate answers and are only in the form of speculation.

Well, that is something that can be difficult, because this happens whenever the distribution stage is generated, and once it occurs is when the bearish trend must be caught, that is when it is necessary to catch it with good leverage, but how to know? I think that experience prevails here, if an operator has experience he will grab it, in any case Bitcoin never goes down the first time, because when it goes down, it makes a correction and goes up, it is normal, bullish traps, then if when it falls, it does so in free fall, that's the behavior I've seen in bitcoin.