I have been thinking about when to start selling my 2 bitcoins I purchased for 21K average in 2022 lows.
I keep hearing things like we could spike to 200K really quickly and stuff like that, maybe in just weeks.
My question is when will you guys start to sell if we have a major spike?
I used to think I wanted to sell at 100K, but this is rising so fast I have been thinking more like 150K to start selling.
How will you sell, slowly into a spike or wait for a set price and just dump.
My advice, don't think about when to sell your holdings, even if you have made a sizable profit. You have 2 BTC since 2022 and if you buy it in the middle of 2022, the highest price of Bitcoin will be around $30,000+, and I don't think you made a big profit and only double compared to the current price of Bitcoin which is $71,100+. Because I don't know what the price of Bitcoin will be when I buy it in 2022, when the price is highest or when the price of Bitcoin falls because you didn't mention it.
And whatever the reason, I advise you to continue holding your Bitcoins or take advantage of this moment to accumulate more Bitcoins periodically, before the Bitcoin price rises further. And I think if Bitcoin hits $100,000-$150,000, it seems like there's a chance of that happening. And you have to continue to hold it and be patient to reach the price you mentioned in order to get a satisfactory profit, at least 3x or 4x the previous price.