ivomm
Legendary
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Activity: 1932
Merit: 3366
All good things to those who wait
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December 05, 2023, 12:08:22 PM |
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How things have changed in just 1 year! Back then everyone but us, the seasoned hodlers, were selling. We, on the other hand, bought with all available savings and did not wait for a certain price, as some fools hoped. I bought wisely and in a few months I bought as much as I now had to sell at a 2-3x higher price to pay my share of the new appartment. When Bitcoin goes past 100K, I'll pay off the rest of the mortgage by spending a relatively small percentage of my stash. The next sales will be for furnishing and buying other properties, and again I will try to leave enough bitcoins permanently. It all boils down to 3 questions, regading selling bitcoins in the next few years, such that there is a balance between available fiat funds, real estate and bitcoin reserve:
1. Am I prepared if the bullrun peak is between 100-200K?
2. Am I prepared if the bullrun peak is between 200-400K?
3. Am I prepared if the bullrun peak is over 400K?
If the answer is YES to all questions, congratulations! However, if for some of them is NOT, that could be a problem. For example, if someone decides that the peak will be between 100 and 200K and sells too many bitcoins, there is a danger of seeing the price continue to rise, buying again at a higher price, and then an unexpected crash comes to bring it down under 100K. Therefore, one must be prepared for all scenarios, even those that seem very unlikely. It is now clear that there will be an ETF. In addition, negative factors such as market manipulations to the detriment of FTX and Binance customers' long positions are no longer present. So things are looking very good indeed and a longer and more productive bullrun can be expected.
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