Post
Topic
Board Bitcoin Discussion
Re: Bitcoin - what is your plan when we reach $100k?
by
ancafe
on 07/05/2023, 07:38:03 UTC
I do not have much Bitcoin currently but I am planning to convert a lot of the profits I make in my altcoins during the bull run into BTC which I will then hold till the 2028/29 bull run.
That's much better than still holding altcoins in the long term, I suggest starting to convert to bitcoin soon, because we see the halving also getting closer for next year.


I expect Bitcoin to reach at least $100k at the peak of the next bull run, possibly $150k.
Don't care too much about prices and let market conditions and cycles that govern the bitcoin process go according to the price you mentioned, if your intention is still only a plan and haven't made an approach to investing then there's no point in touching that price because you don't profit from bitcoin when it hits next ATH.


Just wondering what we are all planning to do when Bitcoin does reach $100k - are you selling or are you holding till the 2028/29 bull run?
It depends on the person, but in my opinion, it's better to sell first and then reinvest, because to be honest, the purpose of investing is to make a profit and increase your income level for the better. When the price has touched that high, what other steps do you want to take, isn't selling something that you want to do? There are several things that need to be done when making profits in bitcoin, for example building a house, paying for children's education and preparing a little provision for old age.

This is important to do because you won't take your wealth with you when you die, so hurry up with something important and take steps to create a more financially independent life.