Re: Crypto Veterans and Legendaries: Need Advice on my Bitcoin Strategy
Update:
today is June 5th, 2023:
The price of bitcoin is around $25,669.25 as of now.
Decision Time:
I made decent gains timing the bottom at around $16.8k and now it is $26k
I was hoping BTC would reach around $35k ~ $45k at-least by now.. but it looks like $30k was a pretty good reach.
Now, I can sell everything at $26k and then hop back in the game after around 9 months.. i.e around Feb 15th 2024 but atleast a month before the next halving which is around April 24th 2024.
Or, I can leave everything untouched and let it go.. BTC will go back to $17k ~ $20k and eventually will go past $65k at some point in 2024. So, in the long run this is less risky.
Or, I can sell everything now.. buy back in once BTC goes below $20k and then wait one final time for 2025..
Not sure what I will do.. thinking and thinking..
today is June 5th, 2023:
The price of bitcoin is around $25,669.25 as of now.
Decision Time:
I made decent gains timing the bottom at around $16.8k and now it is $26k
I was hoping BTC would reach around $35k ~ $45k at-least by now.. but it looks like $30k was a pretty good reach.
Now, I can sell everything at $26k and then hop back in the game after around 9 months.. i.e around Feb 15th 2024 but atleast a month before the next halving which is around April 24th 2024.
Or, I can leave everything untouched and let it go.. BTC will go back to $17k ~ $20k and eventually will go past $65k at some point in 2024. So, in the long run this is less risky.
Or, I can sell everything now.. buy back in once BTC goes below $20k and then wait one final time for 2025..
Not sure what I will do.. thinking and thinking..