Quote from: flyingcarpet on July 18, 2023, 09:32:14 PM

Quote from: Zanab247 on July 16, 2023, 07:13:50 PM

Patient is one of the key every BTC holders must embrace when waiting for bull market to come, because is a type of season every long and short BTC holders want to see before the end of the year before they can visit the market to sell. I bought BTC early last year when the price was $20k, and the price has taken a good step early this year to hit $30k which is very close to my expectations before I will start selling my BTC to have another opportunity to buy and hold for another bull to come. If you can endure with the current price situation, and hold not to allow any challenges make you to sell in this condition, I guess you will make a huge amount of profits from your holding soon. If the price of BTC reach $40k next month will you sell? I know many people will not sell until the price reach $100k, which it will take a long years before such dream will come to pass. What is your opinion.

Everyone has a different selling point. Some will sell their Bitcoins at 40k, others won't sell until they reach 100k. There are some who won't sell at all. When you enter the Bitcoin world and spend a certain amount of time, it becomes difficult to sell Bitcoin. Because you are afraid of not being able to buy it again after selling it. If you have enough money to live on, you should wait without selling your Bitcoin. Most people do this and dream about the levels bitcoin will go to. And this dream will come true.

As we know bitcoin reevaluates itself after each halving as miners are getting less and less bitcoin for each block they mine, and they have to sustain themselves so they cannot do anything but to try to sell their coins for a higher price, and with the increase on the awareness and the level of adoption that we see each year then the price of bitcoin increases even further, and as such it makes no sense at all to sell our coins and instead we should use our fiat instead, and this is especially true now that we are getting closer to the halving.