Quote from: mvdheuvel1983 on May 01, 2023, 11:19:53 PM

Quote from: crypticj on April 25, 2023, 04:51:32 AM

So I wanted to ask you all, what are you planing to do with bitcoin when it will go to 70k, 80k etc. Are you planing to sell it or you will keep holding it?
If you will sell it, at what price are you planning to do it?

Why wait till then when you got no idea what is going to happen the next day or the day after. For me Bitcoin's price is just right to do whatever the holder wants.

Whatever I am going to do now is what I would do whenever the price increases. If I am going to buy a house then, I would buy it now by taking profit. It I am going to start a business with it, I'm already going to start doing it now. This is my own opinion though.

It does depend on the type of idividual you are. If you would be seeking for bigger profit and you are into long term holding, it would be normal to just continue holding. But if you would be fine with the profit on that amount already, then selling would as well be fine. Some people would sell and wait for the price correction. Some would just stay away from stress and just let its price increase do the work. Some would be forced to sell halfway the increase because of circumstances or change of plans. No matter what you plan to do, that would be fine 'coz that is your money in the first place. I would preferrable sell by that time but ofcourse there would be thoughs of "what if it continue to go up, will I be able to re-enter on my target entry point?