Post
Topic
Board Nigeria (Naija)
Merits 2 from 1 user
Re: If Bitcoin finally reaches 100k will you sell?
by
Judith87403
on 29/12/2024, 17:03:08 UTC
⭐ Merited by Cryptoprincess101 (2)
Good question! Normally, I do consider myself as an investor and my bitcoin as a long term investment. Even if Bitcoin breaks the 100k resistance zone I will still hold for the next 20 years. If you run a little 'background check'(market analysis) on a big time frame on the Bitcoin we are talking about you will understand from my own perspective. But I will strongly advise you do your own research before investing in any crypto currencies! Cool

Selling at $100k is not a bad idea that is if the investor had been investing for 5-6 years because I believe the investor profit or gain will be reasonable and perhaps the investor might have other plans to... but if the investor just started holding for some months or 1 year ago selling wouldn't be a good choice because the return will not be that reasonable perhaps they still need to continue with their investment and knowing that the potential of Bitcoin is very nice and promising  should trigger an investor more to invest. If I may ask don't you think holding for 20 years will be much even though it is a long term investment and are you sure you can hold till 20 years because before then, the price of Bitcoin will be so big or half of what it is now and you might be tempted to sell before then.