Post
Topic
Board Bitcoin Discussion
Re: What will you do with bitcoin?
by
Hamza2424
on 02/05/2023, 16:34:39 UTC
So if that's happened and BTC breaks its ATH again and sets a new one, let's say around 70l to 80k, then we should not fall prey to greed and book at least half of our profits, because in this halving we have got a really good opportunity to buy BTC at around $16k and if we could able to sell them at around $80k that would be a hell lot of profits depends on the amount we holding.

Hmm, Bookin profit on the full bullish mode of the market is not a good move, let's say you are playing safe you should not instantly book 50% of profit because you never know the market's top and bottom so we are gonna play safer with my strategy of booking 15% of the total holding every week and we will book only 50% of total holding this can make a good average profit.

Also, your speculation is wrong from 2024 to 2028 because if you really missed the market top profit booking no need to worry according to historical market movement in 4 years if the market stays Bullish for the 3 years. It is not fixed that the market cycle top is on ATH you can even expect another ATH in the remaining time so with patience and  on every correction make sure to fill up the bags.