Post
Topic
Board Bitcoin Discussion
Re: Bitcoin - what is your plan when we reach $100k?
by
macson
on 13/05/2023, 19:44:28 UTC
snip
100k is a great level, if we reach it in this bull market, then I will start taking profits. I think that perhaps the price can go higher, but I will not have high hopes for this. All the same, it becomes more expensive every time, and the higher the price, the more difficult it will be to show a big increase.

As I understand it, you will not sell and will wait for bull run by 2029, how do you justify your decision? I didn't take profits on the last bull run, and I see that it was not a very good decision, as it could give me more opportunities now.

What I meant was I will not cash out my profits.
I plan to take my profits from BTC once we reach around $100k and hold in a stable coin to then buy back once we drop back down to $30k or so in the next bear market.
but what happens if it turns out that the Bitcoin price doesn't go down anymore, isn't your plan a failure?

but whatever you have it is your right to sell or not.  but I only suggest taking your profit gradually, don't be in a hurry, you might be too late or too fast, everything needs good planning.