Quote from: Proty on Today at 08:38:12 PM

Quote from: Sexylizzy2813 on Today at 07:20:39 PM

Quote from: Cryptokuus on August 10, 2025, 07:28:08 PM

If bitcoin happens to reach $600,000 , I know say many person go rush sell there bitcoin. But e get people wey go sell all there coins without looking back morespecially those that have been holding for more than 10yrs and whales . Then go like take profits because this amount could be life changing some people fit decide to sell a fraction to meet up with there daily needs and hold the remaining one.
However, those people wey be strong long term holders may not even sell a fraction of there holding. If bitcoin don reach this level, e go dey accepted as a strong store of value globally and some holders fit just want hold and pass there bitcoin to there children in form of generational wealth instead of then converting it to money.
The question I want asked be say at $600,000 dollars will you see bitcoin as it has reached it's peak or still on its way to it's peak

Na normal thing wey suppose happen even if na you wey e dey your side you must cashout, make I use that word "Must" because we get Naija people wey no dey like carry last at all and we like to make profit more than to wait till God knows when. Use for instance when Bitcoin price run go reach $100k many people all over the world wey dey hold and getting ready to cash out really sell well well, the set of persons wey still hold till now wey we dey talk about this your thread no too plenty I think but e still good to hold till now becos something big fit happen again na just patience nai we all need for the crypto space.
All these people wey dey hold as e be long term holders I dey wonder when be the right time to release their holding as in to sell, becos I no know the kind mind some persons get, like wetin be their target? If na Naija person no body go tell them to sell becos many dey wey no go mind to sell and refill again becos this Bitcoin matter be like journey wey no dey end as long as we get life, we continue again.

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I believe all investors have investment timelines, the numbers of years we plan to hold before we can start selling. There are investors that are into bitcoin not merely because they want to make profit but rather they haven't come across any assets like bitcoin that's has the potential of holding value for a longer time and as such even if they have gotten to there anticipated timeline they won't bother selling know matter the price. There are investors that doesn't want to hold fiat so they won't want to convert there bitcoin to fiat so they may decide to be holding bitcoin regardless of the price. Lastly there are investors who are into bitcoin to build general wealth and then to pass it on to there children, this sets of investors will never sell there bitcoin regardless of price because there main motive of holding is not to make profit but rather to store value that they will hand over to there children .

I agree with you oh but these sets of investors them no get when or ma say them no get plans to sell but to give their hustle to their children like lifetime empowerment and you dey tell me say na the same pattern the children go follow to dey hold and hold and hold till when? We sabi say inside these investors e get some wey na only to hold without selling but after holding for like 30 years wetin them go use say na their gain? Bitcoin be like gambling wey be say if you no get gain e still be say you don lose and you suppose to dey cashout and start again no be say na to dey look your hustle dey go up and go down and when you suppose collect or sell you leave am to just dey dia, my brother I no sure say na Naija investors we dey refer to, wey go take this long all in the name of wetin, children lifetime saving abi wetin you call am. Bro I get all wetin you talk oh but if na you wey you start hustle for Bitcoin with 100k you con see extra gain of 1m+ you dey tell me say you no go do the needful?

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