Post
Topic
Board Bitcoin Discussion
Re: Bitcoin - what is your plan when we reach $100k?
by
Ultegra134
on 14/05/2023, 16:44:21 UTC
It would be best to take the big profits that can be made at that time if you are a trader, and let some of it help you wait for the next bull run. You can use your profits to buy some if there is a bearish.
It is indeed highly recommended to take profits or sell partially when the price has reached the new ATH of 100k and this is my target as well.

But how long it will take is just a matter of time. We just need to hold it for the long term.
The most important thing to do now is to collect Bitcoin before the new ATH is reached.

The current price is certainly still very worth-it to buy Bitcoin and hold it for the long term.
The decline from the last ATH is around -70%, isn't this the right time to start collecting and holding.
On the one hand, if Bitcoin were to reach $100,000, I'd want to sell everything to collect my profits, but on the other hand, I don't think that I'd have the courage to sell all my holdings at once. I'd be in a huge dilemma about what would be the best option. This, of course, is a personal matter and depends solely on what you're aiming for. Personally, I'm hoping to continue accumulating Bitcoin despite what happens regarding its price, although a lower price would assist in further accumulation, making it more affordable to achieve your goals. I'm hoping to acquire 0.25 BTC until the end of the year, an amount that will certainly make a huge difference in a few years, especially after the upcoming halving.