Quote from: michellee on Today at 04:59:08 AM

Quote from: Troytech on March 01, 2024, 11:07:09 PM

Selling our bitcoin too early would surely lead to regrets especially when we are never able to buy back bitcoin at that same price we did as when we bought it, many person's are talking about taking profits even some early investors that I know that I started with and I'm like how many bitcoins have you accumulated that you feel you are on the right for taking profits, the truth is many of them came in for the profits and never had any intention of staying or holding bitcoin for a longer term.

At times it is very possible that bitcoin would never go back to former prices and those who were opportunited to have some early bitcoin that they got at a price if 25-30k earlier this year and decides to sell this bull run might never be able to see the likes of bitcoin in those price range ever again and would have to get it at a even higher price, to me if you haven't accumulated up to 5 years you should not be think of selling or taking profits the plan is to allow as much compounding value effect on your portfolio as possible.

When to sell Bitcoin will be the decision of each investor because those who know when they sell their Bitcoin. Maybe someone sells bitcoin at the current price but they only sell a little bitcoin to take advantage. But there are still many investors who still hold their Bitcoin because they think the price of Bitcoin will make his new ATH. When the price of Bitcoin reaches its new ATH price, they will sell the Bitcoin.

That's not the point I am trying to make here, I am less trying to make that decision for anyone but what I am trying to point out is what exactly are you taking advantage of the bull run? or losing your holding to someone who is more willing to hold longer, IMO bitcoin has well passed that level for us to be treating it like some mere ponzi investment that you buy at a lower point and sell at a new ATH, many old investors have done this and have regretted from doing so because bitcoin continued to increase in price and more compounding value effect happend on it, what about those that bought bitcoin when it was about 8k and sold when it hit 30k, would any of them feel okay when they see the price at 100k knowing that if they held longer that they would have had more substantial profits than selling sooner.

And most of here are still very early in bitcoin and we should have no business selling cause we don't even have enough bitcoin to play around with or let's say sell a little, you can take advantage of the bull run if you are well prepared in bitcoin and I mean having enough and that enough is a choice that everyone has to make for himself according to his or her fuck you status.

Quote from: michellee on Today at 04:59:08 AM

But the question is how much is the price of the new ATH because no one knows for sure. For this reason, each investor must be wise if they want to sell their bitcoin. They should have started determining the selling price so that they don't miss out if they want to sell the bitcoin. After Bitcoin reaches its new ATH price, no one knows when the price of Bitcoin will experience more correction. We also don't know if the price will return to $25K- $30k as its lowest price because the lowest price of Bitcoin yesterday was at $15K- $17K, which many of us did not expect.

And that is even the more reason why selling at an early stage of investment is a bad idea cause you don't know anything and can't be so certain about anything, you could sell at 100k and bitcoin would reach a new ATH of 200k and your 100k backwards and you can't even take advantage of it cause you have sold your holdings, sir jay once spoke of selling in a way that you would sell with each trippling or doubling on your investment like up to 25% but this strategy is for those that have well built their portfolio and have some coins that are very old and have lots of profits on them so that you don't end up selling too much of your stash and if your stash is still small and you know it then selling should not be for you.

Quote from: michellee on Today at 04:59:08 AM

Who knows, the lowest price of Bitcoin can return to the price of $ 25K- $30k so that it provides an opportunity for investors who have sold their Bitcoin at the price of their new ATH to be able to buy more Bitcoin. The new ATH price for Bitcoin is likely to reach more than $ 100K and can even be higher than that price.

Now that might never happen bitcoin might or would never return to prices like 30k or 25k even if the bear comes and we might never know how far the bull might take us and think in such terms is quite a gamble cause many person's have made this analysis and given them selfs reason to sell think the price would drop back down but it never did.