Selling BTC Only When It Reached $1Million?

[Findingnemo]

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.

[Lucius]

~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.

[milewilda]

~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.

[NotATether]

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.

[KingsDen]

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.

[alltalk]

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.

[vegasus]

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.

[SamReomo]

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.

[Jating]

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.

[LogitechMouse]

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.

$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.

[taufik123]

-snip-
$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.

[PrivateKayla]

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.

[milewilda]

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.

[JoyMarsha]

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.

[KingsDen]

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