I really admire people capable of keeping bitcoins in their wallets for years without even moving them. I see wallets that their owners never moved coins from for 10 years and wonder how they do it. If you're a HODLer. when do you hope to sell? Would you cash out if Bitcoin soars to $100,000 or sit back and wait until it gets to a million?
ONLY for HODLers please. PLease share when you'll be happy to sell.
The answer to these questions varies from one investor to another based on their patience, emotional control, needs, defined selling goals and targets, strategies, and the profit rates they have achieved. In addition, it depends on each holder's belief in the future of Bitcoin and its modern technology. Firstly, reaching a price of $100K for Bitcoin is not considered difficult, as historical Bitcoin prices and previous halving events indicate the feasibility of this scenario. For me, achieving a Bitcoin price at this level would be highly satisfying as it would result in substantial profits. However, I wouldn't sell all of my holdings at this price. Perhaps I would sell a reasonable portion of my holdings, freeze some of the capital in stablecoins until the price corrects, and consider repurchasing. I can hold the remaining quantity for the long term. Predicting the exact price Bitcoin might reach in the near future is challenging due to its volatile nature. Regardless, positive indicators, events, news, and the ongoing adoption of Bitcoin lead us to believe that Bitcoin will surpass our expectations in the end and reach a price that will be recorded in the history of cryptocurrencies someday.