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Edited on 23/07/2025, 13:51:36 UTC
Hi all
Looks like a short term draw back is in order for BTC.
I am thinking of selling to then buy back.
I am reluctant to do that, to be honest, before asking knowledgeable people about whether there still be Bitcoin waiting to be bought by me in next correction? I mean BTC availability due to its growing scarcity.
(Considering the volumes in which Black Rock, Michael Saylor and other big players are gobbling down BTC...)
Your thoughts please
Looks like a short term draw back is in order for BTC.
I am thinking of selling to then buy back.
I am reluctant to do that, to be honest, before asking knowledgeable people about whether there still be Bitcoin waiting to be bought by me in next correction? I mean BTC availability due to its growing scarcity.
(Considering the volumes in which Black Rock, Michael Saylor and other big players are gobbling down BTC...)
Your thoughts please
It can be a very smart move but don’t do it yet. Bitcoin is still at least 30% from its cycle top, I think. So sell maybe once we go over $140,000. It will probably go higher but I think that’s a good point to start DCA out. Then you can buy back cheaper in the bear market. Be aware of capital gains taxes if applicable in your country.
This is what I am thinking also.
We are close to a cycle top based on previous Bitcoin cycles so trying to take profits
now might be a little pre-mature.
An example of this:
3rd halving on 7th of september 2016
ATH of ~ $19,000 mid December 2017
over the following year the markets drop to ~ $3000
chart from Trading Analysis via coinmarketcap
Original archived Re: Chances to buy Bitcoin back
Scraped on 23/07/2025, 13:21:55 UTC
Hi all
Looks like a short term draw back is in order for BTC.
I am thinking of selling to then buy back.
I am reluctant to do that, to be honest, before asking knowledgeable people about whether there still be Bitcoin waiting to be bought by me in next correction? I mean BTC availability due to its growing scarcity.
(Considering the volumes in which Black Rock, Michael Saylor and other big players are gobbling down BTC...)
Your thoughts please
Looks like a short term draw back is in order for BTC.
I am thinking of selling to then buy back.
I am reluctant to do that, to be honest, before asking knowledgeable people about whether there still be Bitcoin waiting to be bought by me in next correction? I mean BTC availability due to its growing scarcity.
(Considering the volumes in which Black Rock, Michael Saylor and other big players are gobbling down BTC...)
Your thoughts please
It can be a very smart move but don’t do it yet. Bitcoin is still at least 30% from its cycle top, I think. So sell maybe once we go over $140,000. It will probably go higher but I think that’s a good point to start DCA out. Then you can buy back cheaper in the bear market. Be aware of capital gains taxes if applicable in your country.
This is what I am thinking also.
We are close to a cycle top based on previous Bitcoin cycles so trying to take profits
now might be a little pre-mature.