I have been thinking about when to start selling my 2 bitcoins I purchased for $21,000 each average price during 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.
Actually as an investor, you need to have an investment goal, like how much you are expecting from this or that investment, how much loss you are will to take, because being a Bitcoin investor, precisely in the crypto space, the level of greed can be very destructive to our portfolio, because you might say from the beginning that, you will sell and take profit when the price reach 100k, but when the price got closer and closer, you will feels like it is too small that you want more, and you will fail to seize the opportunity then, and most times the the price will not got to your second price target, and it will reverse to a lower price, which you will be now forced to sell to a much more lower price because the price is declining very fast at that stage.
So I would suggest, it's best you sell and take profit when the price reach your first target, instead of allowing greed to make you wait further.