Could be time for a new poll?
I wouldn’t mind the price slowing down for a little bit, form some support at $100,000. That would give us a real base to attack a seriously high price later in the year.
I think $225,000 could be a blow off top but I will start selling at around $120,000 and ladder up to whatever the top ends up being. Ideally I will have fat fiat bags (after 24% CGT *spits*) to buy back when the inevitable bear market comes.
I’m not against liquidating some Bitcoin when life demands it, that’s just reality.
But doing it right at the start of the
first New Chopper Post? That doesn’t sit well with me, especially if you genuinely believe this cycle could peak around $225K.
Trying to sell now just to buy back cheaper is usually a recipe for regret, particularly when you factor in a 24% capital gains tax. Unless the price drops more than 24% below your average sell price, you're not even breaking even.
And if you're laddering out as we go up, odds are you won’t get the full benefit of re-entering with that fiat stash.
Might be wiser to hodl through a few more chopper posts before making any big moves.
I am with you on this cycle, this will be an epic run! I have an even more ambitious target, 300k+, i mean 6T market cap will be broken, when the real money starts flowing in!