Post
Topic
Board Speculation
Merits 1 from 1 user
Re: BTC 100K FOR 2024 !
by
bitterguy28
on 27/07/2023, 01:49:36 UTC
⭐ Merited by JayJuanGee (1)
your question or title is 2024 but you posted in 2023 , but indeed 100k in 2024 is not impossible to happen , we even reached 68k in 2021 why not after halving next year can make it double or even triple of the past ATH?

I am the one of those who trust this market that will bring me another chance to multiply my folio and with bitcoin in my account , there is no way that I will be losing that expectation .
So yeah, I am with you bitterguy28 - considering the top around $100k for the next run seems like quite a whimpy expectation level, and perhaps a lot of whimpy folks will be selling way too much of their BTC way too soon, and what else is new in bitcoinlandia?
I may consider selling sad to say mate , but not as much as others will , there is something that I wanted to buy and that had been my target plan since I started Holding my bitcoins and that will happen if bitcoin reached 6 digits, but this is just small percentage of my Holdings as I know that there are more way to come for our precious bitcoin.
i have several mistakes from the past bullrun so i will never do the same this time.
as i don't wanna blame my stupidity like what i did in the last 2 bull market.
but thanks for being with me here and to all of us who will support completely this market.

Yes.. it is up to you whether you sell 25%, 50%, 75%, 90%, 100% or some other amount - and many times it is not wise to sell 100%, even when you consider that there are pretty strong odds that you are at the top.
actually it is 10-20% of my total funds that I was planning but depend on how much bitcoin will reach to cover my target amount to take out , hope it will be lower percentage than that.
Quote
I personally don't expect to sell more than 50% at any one price location - absent some really strong worldly happenings - and really, I am at such a point in my bitcoin holdings management that I am more driven by considering various expenses that I might have rather than trying to insure for volatility risk--- even though many members have likely already heard that I have had an ongoing practice of selling around 1% of my BTC for every 10% that the BTC price goes up .. and I started such practice when bitcoin was in the upper $500-ish price range.. and surely these days, I believe that I am selling less than 0.5% for every 10% that the BTC price goes up.. as a kind of BTC portfolio management that makes it more easy to never run out of either bitcoin or cash. 
for that I truly admire you , carrying to sell that very small amount from your folio? you seem to be completely financial stable at all cost of living  Grin Wink

but me that have just enough to sustain daily living (with small extra to invest for Bitcoin and for emergency cases) i rely more on my crypto funds for my better future.

Part of my "issue" was that in late 2014, I had come to the decision that my BTC accumulation target was going to be around 10% of the size of my then quasi-liquid investment portfolio, and I had largely met that 10% target by the end of 2014 - however, since 2015 was mostly a down (or flat year) for Bitcoin, I ended up continuing to invest into bitcoin throughout 2015 (even though I also had some cashflow issues in 2015 that interfered with how much I was able to invest into bitcoin), and by the end of 2015, my investment into bitcoin had largely gotten to about 13.5% of my quasi-liquid investment portfolio, and because I had overinvested in bitcoin, I found it justifiable to sell small amounts of BTC on the way up.. and I created various formulas that largely allowed me to sell parts of my holdings for as low of prices as $250 based on the BTC being in profits, and even thought the totality of my BTC holdings were not in profits until the BTC price would have been over $500, but the ability to sell some small amounts of BTC based on my formulas were based on some of my BTC being in profits that I had bought in the $200 prices in 2015 and at other price points below $500. 
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yet those are best decision as what we are seeing in bitcoin price now , wondering  how much is your total profit as this we speak lol