I invested 73k in BTC, BCH, ETH, LTC and LINK between 2018 and 2020. My portfolio is now worth 320k. Trying to decide till what point I want to hold in this halving cycle. What is a good BTC PT to sell at? Looking at graphs of bull rallies that resulted in ATH the previous two cycles and factoring in all the institutional money that’s pouring in this time around, I think 100k-150k per BTC is possible. Thoughts? Update: As most currencies have lost 10-20% today, what are some good alt coins to invest in during the dip? #personalfinance #investments
Yes don't sell. 100K is very much possible. Hodl to the moon.
Fold everything into Bitcoin, never sell, borrow against your assets.
Just sell enough to cover your initial investment. Then log off and log back after 10 years
Given BTC loses a large % of its ATH value every cycle, isn’t it better to set a PT to sell at and then buy more when the price has bottomed out? Are there benefits to holding instead of selling and buying again?
You are trying to time the market, and will almost certainly get it wrong (eg pull out too early, or get back in too late). Also, while correction is normal Bitcoin is now driven by institutional investment and a big dip is probably unlikely anytime soon from what I can see in the data. Also suggest reviewing the data points glassnode provides.
My target for BTC is $100k this year and 275k top. HODL!!
If it happens, I will personally give you a hug
Don’t sell BTC! I don’t have a strong opinion about the others. If you don’t need it, don’t touch it. More and more people/businesses are going to enter the market over the next couple of years. Kinda like jumping all in with this whole internet thing :-) There were early adopters, late adopters, etc. We are still in early phase.
Considering that $327k isn’t enough to change your life, you should hodl, IF you have a similar amount in other investment classes. If it is your whole net worth, you should diversify a portion.
As most currencies have lost 10-20% today, what are some good alt coins to invest in during the dip?
You are asking a bunch of crack addicts if you should stop smoking
Dude stop trying to time the market and just stay invested
Hold. If you want a sell target, wait until 10 trillion market cap.
Never sell. This 320k can become 3M if you keep some patience.
There is a bull run 6-18 months after the halving event followed by a crash/period of bear market when btc can lose 50-80% of its value. Isn’t it better to set a PT to sell at so you can buy more during the crash/bear market phase?
You can always stop loss at 10-15% if your confidence is not so high.