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Cryptocurrency Price Speculations / Re: Who is HODLing?
« Last post by Thyplaymaker on Today at 12:26:24 PM »well that's true , alot of folks will definitely sell theirs at the price range of $100k. But still some are still going to hold after taken some profit during that time . We believe $100k is not going to be the peak of bitcoin, bitcoin has the potential to keep growing as time goes. Though they would be alot of down and uptrend due to price fluctuations. like when bitcoin hit the price range of $10k alot of people back then believe that would be the peak of bitcoin, now bitcoin is Around, let me say $69k . Those who are new in Their bitcoin accumulation I would advice not to sell all yah holding , during $100k breakthrough, one may choose to take some profit without selling all their asset.Yes, it is a choice for an investor because they will have how much profit to take.Investors may have different targets. Some may take profits soon, other may take profits later. Sure, it depends on themselves.
A pope storing large amounts of bitcoin until now still continues to HODL.
Someone now who is still accumulating like myself will continue to do this until the time comes to sell even though the profit is above 100% but the increase seems to be so big that it is better to HODL until the end of the year who knows there is a big rally coming.
For now, I'm sure most people still hold their Bitcoin because we still have Bitcoin halving next month. It is a big factor to trigger the massive increase of Bitcoin price. But after the halving is over, people may consider to take profits. Moreover, if Bitcoin can be above $90,000. I guess many people may take profits and don't care to hold a longer time.