Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Cryptocurrency Price Speculations => Topic started by: TomPluz on September 24, 2024, 05:12:11 AM
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As for me, I am planning to sell some of my small hoard of Bitcoin when the price would be approaching more than $100K or ideally maybe at $150K and I am really hoping that this can happen in the first quarter of 2025...if not maybe I would just continually HODL on and wait for the time being. While the market is looking forward next year for a big bull run, there is no guarantee that it can happen whatsoever.
Now, am sure there are people who are hodling for the real long-term and will only let go of their Bitcoin when the price will already be at $1 million...are you one of these select number of people and what is your estimate when will this can happen?
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Seeing bitcoin at one million price tag will be something great but that will not happen any time soon because the price of bitcoin hasn't hit 6 digits yeet, which means we have a very long way to go. It depends on when we will see such price maybe in 10 years and above but I intend to keep some of my bitcoin investment till old age since I want to use it as my retirement funds, if possible pass it on to my heir and if I am lucky to see bitcoin at 1 million dollars, I will sell some more bitcoin.
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Now, am sure there are people who are hodling for the real long-term and will only let go of their Bitcoin when the price will already be at $1 million...are you one of these select number of people and what is your estimate when will this can happen?
i feel like some people do not have a specific estimate of when will this happen or will it ever happen they just want to hold forever literally until they are ready to sell and they can use the money for whatever they were saving up for: marriage, new family, or retirement whatever it is
i also don’t really plan on selling all of my funds once bitcoin hits $100k i do not think bitcoin will stop at that price so why should i?
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Now, am sure there are people who are hodling for the real long-term and will only let go of their Bitcoin when the price will already be at $1 million...are you one of these select number of people and what is your estimate when will this can happen?
i feel like some people do not have a specific estimate of when will this happen or will it ever happen they just want to hold forever literally until they are ready to sell and they can use the money for whatever they were saving up for: marriage, new family, or retirement whatever it is
i also don’t really plan on selling all of my funds once bitcoin hits $100k i do not think bitcoin will stop at that price so why should i?
Of course, bitcoin will not stop at 100k because that's not the end of bitcoin value since bitcoin is new and still has the potential to increase in value overtime. It is better to keep on hodling your coins and if possible keep on increasing till you reach your bitcoin target and if you want to sell, it is good that you have a price target that you are willing to sell when bitcoin reaches such price. Also making a sustainable withdrawal is the best rather than substantial withdrawal that might affect the size of youe bitcoin portfolio.
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As for me, I am planning to sell some of my small hoard of Bitcoin when the price would be approaching more than $100K or ideally maybe at $150K and I am really hoping that this can happen in the first quarter of 2025...if not maybe I would just continually HODL on and wait for the time being. While the market is looking forward next year for a big bull run, there is no guarantee that it can happen whatsoever.
Now, am sure there are people who are hodling for the real long-term and will only let go of their Bitcoin when the price will already be at $1 million...are you one of these select number of people and what is your estimate when will this can happen?
When doing investments then it would really be just that right that we should really be setting out our goals or limits or selling points on which this is something that recommended on doing so.
If you are holding for long term then it will really be that understandable that you will really be having this kind of approach on which you will really be that definitely having this kind of being impatient feeling on which its normal because we've been longing on something positive but it will really be better that you shouldnt expect these numbers yet no one really knows on what the future holds or what it looks like.
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Honestly I do not know if its a good idea or not, I know that its going to be a hard to handle thing but it has to be something that will take some time. I know that we are going to see this growing with time, and I know that its going to be a million dollars one day, but I do not know when that will happen. A smarter move would be just having a goal in mind for your own amount, meaning how much YOU need, like to retire and all. If you can come up with a number for how much you want to own, that would be enough. A lot of people think that they should sell at X amount when bitcoin reaches that, but its X amount when you reach a point, not bitcoin price.
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Everyone must have their own targets which may also be different, ahh, of course it will be different from some other people. And as long as it makes sense, then there's nothing wrong with it, once again, because that's the target of each individual, which of course we already have various personal considerations. Why do we have to take that number before we take profits? Of course, everyone has their own considerations and targets, based on the analysis or plan they designed and the risks they took. And we can't blame them.
For me personally, I will take profits when the bullrun really happens, and it touches more than $90k. That's enough and I will keep some of the savings to buy more when the market is getting bearish. Yes, because I am a Bitcoin holder who only takes advantage of bearish and bullish opportunities, because I have little capital.
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Yes, I have set Bitcoin target at the end of this year to be around $78k, a good position to take profits and waiting for another dip to accumulate more.
Bitcoin bull run may not pump all the way to $100k without some corrections, it is certain that Bitcoin will move sideways after hitting some resistance level especially on $100k in my opinion.
There are people who are Holding strong till it hit $1m, but I think this will take many years to happen, and it is advisable to be accumulating each time it goes dip, and also take some profit along the movements.
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Woah, woah, it would take a very long time before we get to $1m, i can even call it unrealistic right now. I would sell some of my coins when i feel the need to do so, i do not have an exit plan or anything like that, meaning i don't have a plan to liquidate all of my BTC.
My plan is to liquidate at different times, either for fun, to invest in other assets, etc, but i consider BTC an asset, so i don't want to be without some of it.
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Yes, I have set Bitcoin target at the end of this year to be around $78k, a good position to take profits and waiting for another dip to accumulate more.
Bitcoin bull run may not pump all the way to $100k without some corrections, it is certain that Bitcoin will move sideways after hitting some resistance level especially on $100k in my opinion.
There are people who are Holding strong till it hit $1m, but I think this will take many years to happen, and it is advisable to be accumulating each time it goes dip, and also take some profit along the movements.
I believe BTC can definitely reach $1M in the future, but I'm not willing to hold all my BTC until then. My expectation for BTC in this bullrun is only $150K-$170K, and at best $250K, but I don't think BTC is crazy enough to reach that price zone.
I continue to believe in market history: right after a rapid price increase in BTC, a decline is necessary and will certainly happen to accumulate for the next cycle. I want to take advantage of this to optimize the amount of BTC before 1 BTC = $1M in the future.
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To be honest, I have a target price of 100k or a little less than that, maybe 95k to sell some BTC
but only a few satoshis hahaha, and after that I have no intention of selling BTC except in a possible emergency in my life.
it seems to me that the least risky thing this time is to run out of btc. Fiat money is worthing less every year due to inflation
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Now, am sure there are people who are hodling for the real long-term and will only let go of their Bitcoin when the price will already be at $1 million...are you one of these select number of people and what is your estimate when will this can happen?
Wait, do you mean 1BTC to each $1 million? That should be something that’s imaginable but the long term effect of it, how soon is it going to happen is what is not sure yet. If at every halving, we get to see a new all time high of bitcoin, I feel we should get there one day but realistically, that’s not something that will happen anytime soon or in even a decade to come in my opinion. $1 million is a very big number that cannot be achieved anytime soon and for those holding on to there bitcoin till it gets to that amount should be ready to maybe will it to their next of kin, because with the anticipated time I feel that will happen, most of us won’t be alive to witness it again. If it’s for inheritance, it’s okay to wait till then but for self use, I don’t think we may see it happen with us being alive that time.
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To be honest, I have a target price of 100k or a little less than that, maybe 95k to sell some BTC
but only a few satoshis hahaha, and after that I have no intention of selling BTC except in a possible emergency in my life.
it seems to me that the least risky thing this time is to run out of btc. Fiat money is worthing less every year due to inflation
It is up to you whether you want to sell few or big number of your Bitcoin. But I will sell all of my Bitcoin when it can reach $100k. I will plan to buy again in the next bearish season, in 2026-2027. I think we don't need to miss the chance to get profits in this bullrun season. If we invest in Bitcoin, we must have the target to sell the Bitcoin. Unless we will keep it forever, we must care with the chance of getting good profits.
Yes, fiat value is getting worse. It is a good idea to hold Bitcoin, but make sure to have a proper strategy. Don't invest in Bitcoin with careless way! We must have a goal and certain way to manage our Bitcoin assets.
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It is up to you whether you want to sell few or big number of your Bitcoin. But I will sell all of my Bitcoin when it can reach $100k. I will plan to buy again in the next bearish season, in 2026-2027. I think we don't need to miss the chance to get profits in this bullrun season. If we invest in Bitcoin, we must have the target to sell the Bitcoin. Unless we will keep it forever, we must care with the chance of getting good profits.
Yes, fiat value is getting worse. It is a good idea to hold Bitcoin, but make sure to have a proper strategy. Don't invest in Bitcoin with careless way! We must have a goal and certain way to manage our Bitcoin assets.
I understand you
Some time ago I also thought that I could sell all my satoshis at some point when BTC reaches a certain value
but analyzing the whole situation that my country is in, and also the world, I came to the conclusion that I always want to have btc on hold
I've had some satoshis since 2017 that I've never spent, so I'm used to it.
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Now, am sure there are people who are hodling for the real long-term and will only let go of their Bitcoin when the price will already be at $1 million...are you one of these select number of people and what is your estimate when will this can happen?
Isn't the value of 1 million usd too high for the next few years? The value is very expensive and even for my fiat money it can last up to 5 generations if it is for food, drink and a house. I just assume that if Bitcoin reaches 1 million usd it will definitely take more than tens of years, maybe my guess is that Bitcoin will reach 1 million usd in over 20 years.
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I firmly believe that bitcoin is gonna hit $1 Million someday and my expectations are to be around 2030-35 at most but I don't think Ill hold onto my all holdings until that cause I diverse my portfolio all the time not just in cryptos but into other traditional assets excluding stocks so when I feel I made a decent profit I will cashout and buy some gold or spend on something that I fantasized in my life earlier. It's almost important to spend our earned money to it's best instead of keeping it until 80.
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Now, am sure there are people who are hodling for the real long-term and will only let go of their Bitcoin when the price will already be at $1 million...are you one of these select number of people and what is your estimate when will this can happen?
Maybe one day 1 BTC = $1 million, but I think that all those who are waiting for that to happen must take into account at least two things.The first is that a very long time can pass until that moment, and that human life is very short and that we cannot postpone some things forever, so waiting too long sometimes makes no sense.
Another very important thing is that the value of $1 million has one negative side, which is that for that amount we will not be able to buy in the future what we could today - which means that inflation will reduce the value of money over the years and that $1 million will not have the same purchasing power in 10 or 20 years.
For example, before the pandemic, I could make a solid purchase in the supermarket for $100 EUR, today I can buy almost half as much.
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~snip~
Now, am sure there are people who are hodling for the real long-term and will only let go of their Bitcoin when the price will already be at $1 million...are you one of these select number of people and what is your estimate when will this can happen?
Maybe one day 1 BTC = $1 million, but I think that all those who are waiting for that to happen must take into account at least two things.The first is that a very long time can pass until that moment, and that human life is very short and that we cannot postpone some things forever, so waiting too long sometimes makes no sense.
Another very important thing is that the value of $1 million has one negative side, which is that for that amount we will not be able to buy in the future what we could today - which means that inflation will reduce the value of money over the years and that $1 million will not have the same purchasing power in 10 or 20 years.
For example, before the pandemic, I could make a solid purchase in the supermarket for $100 EUR, today I can buy almost half as much.
It could neither happen or not based up on our lifetime. Possibilities are there but there's no way that we could really be able to determine on when it would happen. This is why on the moment that you do find yourself that investing in Bitcoin or any other coin then always assume out those probabilities could neither happen or not. There's no way that it would really be known.
This is where you should really be thinking up realistically on things that could neither happen or not in our life time. The important thing on here is that you should really be that wary
or really that having those targets or goals on when you would really be securing your profits.
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Sell bitcoin when you want to buy something, not because the price is up.
You don't sell Bitcoin just because there's a bull rally. I'm sure you know this already.
If you want to buy a Lamborghini or something, then sell your coins. I don't mind. But it doesn't make any sense to sell Bitcoin just because it hits a certain price target (unless you are trader). It's not like it's a price cap or maximum or anything.
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Now, am sure there are people who are hodling for the real long-term and will only let go of their Bitcoin when the price will already be at $1 million...are you one of these select number of people and what is your estimate when will this can happen?
Holding bitcoin for a very long time is something many people have been doing. But whoever that is holding bitcoin must definitely have a point at which they would sell all or part of their Bitcoin. Some people would want to sell after a few circle. Some people would have a targeted price at which they will sell.
But speaking that some persons will wait till bitcoin clutch 1 million dollars is something that is very unrealistic. This simply means the person is investing in Bitcoin and not wanting to withdraw at any time. And the only set of people that could do this are the financial listable ones that do not need the Bitcoin investment money for anything. Who knows you could die before bitcoin will hit $1M if actually it will.
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I firmly believe that bitcoin is gonna hit $1 Million someday and my expectations are to be around 2030-35 at most but I don't think Ill hold onto my all holdings until that cause I diverse my portfolio all the time not just in cryptos but into other traditional assets excluding stocks so when I feel I made a decent profit I will cashout and buy some gold or spend on something that I fantasized in my life earlier. It's almost important to spend our earned money to it's best instead of keeping it until 80.
I think it may happen in the next 3-4 cycles. So, I think it will be after 2035. IMO, it may be after 2037.
However, it seems I won't hold all my Bitcoin until 2037. I will sell most of my Bitcoin in each bullrun season. I commonly target to get profits based on 4 years-cycle. Also, it is true that we also need to diversify assets. When we take profits in Bitcoin, we may buy Gold or lands, so we have physical assets, too. And we must also get some of the profits for any other purposes.
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As for me, I am planning to sell some of my small hoard of Bitcoin when the price would be approaching more than $100K or ideally maybe at $150K and I am really hoping that this can happen in the first quarter of 2025...if not maybe I would just continually HODL on and wait for the time being. While the market is looking forward next year for a big bull run, there is no guarantee that it can happen whatsoever.
This is a pretty bold decision, because after all, Bitcoin holding is sometimes full of drama. And I salute you. But maybe it will be different for me. I will plan not to profit on this bullrun era, hoping that it reaches $100k is already very grateful and I want to take profits. If it is above that rate, I think I will be a little worried if it doesn't really happen and it just drops quickly.
But of course it will be one of the things that is full of consideration. everything will have its pros and cons. and it depends on each individual to hold until what rate and will take profits at what rate. because indeed each person's plan and needs are certainly different.
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Now, am sure there are people who are hodling for the real long-term and will only let go of their Bitcoin when the price will already be at $1 million...are you one of these select number of people and what is your estimate when will this can happen?
Yes, I'm one of those selected number of people, but at the same time I'm also from those people who sell Bitcoin for profit every here and there, and I've been doing that for long term. I believe Bitcoin will reach $1M before 2035 but who knows if it reaches that value earlier than that.
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As for me, I am planning to sell some of my small hoard of Bitcoin when the price would be approaching more than $100K or ideally maybe at $150K and I am really hoping that this can happen in the first quarter of 2025...if not maybe I would just continually HODL on and wait for the time being. While the market is looking forward next year for a big bull run, there is no guarantee that it can happen whatsoever.
Now, am sure there are people who are hodling for the real long-term and will only let go of their Bitcoin when the price will already be at $1 million...are you one of these select number of people and what is your estimate when will this can happen?
I think everyone has a plane in this current bull run, on when they are going to sell or how much they are going to sell. But as what I have been doing in the last 2 bull runs and subsequent all time high. I usually sell at the top and take profits from the accumulation that I did on the prior bear market.
So I might continue to do that strategy again, however, I'm contemplating on a new strategy. Maybe I would sell, but I will still keep some and not to sell everything this bull run. And with that, it might really go along way in the next bear market accumulation going towards the next bull run. But it's going to be a big mental factor for me to be able to hold that long again.
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To be honest, I have a target price of 100k or a little less than that, maybe 95k to sell some BTC
but only a few satoshis hahaha, and after that I have no intention of selling BTC except in a possible emergency in my life.
it seems to me that the least risky thing this time is to run out of btc. Fiat money is worthing less every year due to inflation
Unlike you though, I might be selling all of my Bitcoins during this bull run... or at least I will keep a bit of it just because I want to do so. :D
$100,000, $110,000, $120,000. These are my price selling targets, and I'm changing it every now and then and one reason for that is the economy and what's happening globally. Well, we all have different plans when it comes to Bitcoin. There are some who are selling all of it during the bull run, there are some who might keep some of it for whatever reason it is, and there might be some who will just continue to hold it even though the bull run ends for whatever reason. As for me, what works that I know is selling it during the bull market, and then buying during the bear market because we know that any market move in cycles.
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$100,000, $110,000, $120,000. These are my price selling targets, and I'm changing it every now and then and one reason for that is the economy and what's happening globally. Well, we all have different plans when it comes to Bitcoin. There are some who are selling all of it during the bull run, there are some who might keep some of it for whatever reason it is, and there might be some who will just continue to hold it even though the bull run ends for whatever reason. As for me, what works that I know is selling it during the bull market, and then buying during the bear market because we know that any market move in cycles.
That's a reasonable target, and the ATH at $100k++ is the target of most Bitcoin traders today to sell some of their holdings for a profit.
Selling gradually as you do is also good enough, or it will only leave a few percent for the long term, as the OP says target at $1 million,
Pretty crazy but it can happen because Bitcoin is in the crypto market anything can happen overnight.
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Sell bitcoin when you want to buy something, not because the price is up.
You don't sell Bitcoin just because there's a bull rally. I'm sure you know this already.
If you want to buy a Lamborghini or something, then sell your coins. I don't mind. But it doesn't make any sense to sell Bitcoin just because it hits a certain price target (unless you are trader). It's not like it's a price cap or maximum or anything.
That's right, or when you need the money. You don't have to sell everything (unless you direly need to). I respect that some owners have goals in terms of a certain price. I would say, though, it's a good idea to continue having Bitcoin as it's still a currency you can use.
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Sell bitcoin when you want to buy something, not because the price is up.
You don't sell Bitcoin just because there's a bull rally. I'm sure you know this already.
If you want to buy a Lamborghini or something, then sell your coins. I don't mind. But it doesn't make any sense to sell Bitcoin just because it hits a certain price target (unless you are trader). It's not like it's a price cap or maximum or anything.
That's right, or when you need the money. You don't have to sell everything (unless you direly need to). I respect that some owners have goals in terms of a certain price. I would say, though, it's a good idea to continue having Bitcoin as it's still a currency you can use.
Its our full rights on what we should gonna do when it comes into this manner on which we do have that choices because not all the time we do have the money.
And having some investment will really be giving out at least some opportunity for you to be able to get some of those profits. Its true that it wont really be needed up
for you to sell it all because we do still have that bull run things and we wont really be liking to make ourselves get left behind the bull train.
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I am trying to imagine how long will it take for Bitcoin to reach $1 million. Before it gets the price, I believe we must have seen different ranges of price starting from next year's bull run of $100k- $150k and 2030 bull run of $250k above. 2035, 2040, and other years of bull run before Bitcoin reached the $1 million price.
By next year, I think that many crypto investors would love to sell their Bitcoin at a $100k price tag to reinvest in Bitcoin when the price has gone down during the bearish market. Hopefully, by 2030, they will have a sale of their Bitcoin assets at $250k or so.
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I am trying to imagine how long will it take for Bitcoin to reach $1 million. Before it gets the price, I believe we must have seen different ranges of price starting from next year's bull run of $100k- $150k and 2030 bull run of $250k above. 2035, 2040, and other years of bull run before Bitcoin reached the $1 million price.
Very easy said... This is feasible only when we move from one ATH to another. But moving from one ATH to another is not guaranteed. The market can correct heavily and bring us back to square one.
Expecting bitcoin to hit $1M is just like waiting on bitcoin till eternity. High price for bitcoin will happen, and not as high as $1M
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Reaching a million will take a while so if anyone wants to get out before that then I would understand it, there is nothing shameful about getting out when you feel like you had enough. And this isn't just about money, I do not mean like had enough money, that's one option, but also this is a stressful place, and even I am getting out a bit, not financially but I am not putting as much attention to it, I put my money on long term holding, not a lot anyways, and I just avoid looking at it, because our focus and attention is also stressful, so when you feel enough is enough then I understand that too.
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Reaching a million will take a while so if anyone wants to get out before that then I would understand it, there is nothing shameful about getting out when you feel like you had enough. And this isn't just about money, I do not mean like had enough money, that's one option, but also this is a stressful place, and even I am getting out a bit, not financially but I am not putting as much attention to it, I put my money on long term holding, not a lot anyways, and I just avoid looking at it, because our focus and attention is also stressful, so when you feel enough is enough then I understand that too.
Will take a while...
It couldnt happen...
Or wont be able to happen in our lifetime...
These are the possible things that could be seen out specially on talking about potential price of BItcoin in near future. Majority of us would really be that hopeful
or would really be that optimistic on the things that we would really be dealing with specially into our investment without even trying out to think about probabilities on which
we know that this is something that will really be remains speculative. It wont matter on what are your views towards the price but the best thing to have is to keep it low and realistic at least
so that you wont really be that ending up on getting disappointed or simply testing up your patience on trying to wait for those numbers.
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The thing is, how much is $ 1 million going to actually be worth by the time BTC reaches that, because if you will buy with 1 million in 2040 the same stuff that you can now with 200 000, that's not much of a gain! That aside, some funny math for a bearish scenario, it took Bitcoin 15 years to reach 70k, so normally if we don't go through geometrical progression, it looks like 140k in 2039! ;) Which I'm sure it would make a lot of "investors" lose their patience!
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I am trying to imagine how long will it take for Bitcoin to reach $1 million. Before it gets the price, I believe we must have seen different ranges of price starting from next year's bull run of $100k- $150k and 2030 bull run of $250k above. 2035, 2040, and other years of bull run before Bitcoin reached the $1 million price.
Very easy said... This is feasible only when we move from one ATH to another. But moving from one ATH to another is not guaranteed. The market can correct heavily and bring us back to square one.
Expecting bitcoin to hit $1M is just like waiting on bitcoin till eternity. High price for bitcoin will happen, and not as high as $1M
If you should go by the history of Bitcoin halving and its bull run every 4-5 years, someone can assume that the $1 million price of Bitcoin can happen, but that will take many years for Bitcoin to skyrocket to that price. But knowing that no price is a guaranteed price to see in Bitcoin, I would agree with the fact that $1 million may be hard to see due to how unpredictable the market is. Although if Bitcoin beats all odds to reach a $1 million price, the majority of us may not live to see it happen
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If you should go by the history of Bitcoin halving and its bull run every 4-5 years, someone can assume that the $1 million price of Bitcoin can happen, but that will take many years for Bitcoin to skyrocket to that price. But knowing that no price is a guaranteed price to see in Bitcoin, I would agree with the fact that $1 million may be hard to see due to how unpredictable the market is. Although if Bitcoin beats all odds to reach a $1 million price, the majority of us may not live to see it happen
The bullrun season always returns in 4 years, we can it as 4 years-cycle. I also try to believe that Bitcoin can go to $1 million but it may be a long time in the future. Bitcoin price moves not as quick as altcoins prices. It must need time to increase to a higher level. It won't suddenly to move to $1 million. But if we expect $1 million in this season, it is simply impossible. It must be a target of the next ATH of Bitcoin in the next few bullrun seasons.
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It is true that the price of Bitcoin will be very expensive, but it does not mean that its price will exceed one million dollars very quickly. It may happen but it doesn't seem like it will happen in the next era. Because one million is a big amount. But very quickly the price of Bitcoin can cross one hundred thousand dollars. Even if it doesn't happen in this bull run, it is expected to happen in the next bull run. Only those who have the patience and ability to hold for the long term can take advantage of these opportunities. Because no one can guarantee when the price of Bitcoin will cross $100,000. So it must have a long term investment plan