Hey everyone.
About a dozen years ago, I jumped on this forum and bought what’s now valued at around $1.8M in BTC. If you think I’m just talking nonsense, that’s cool, I really don’t mind. I’m keeping my BTC address private because of that recent Coinbase hack that could expose who I am.
For the first time ever, I'm actually considering selling all my BTC.
Why’s that?
Well, my siblings, who aren’t the sharpest tools in the shed, keep hitting me up with screenshots of their latest BTC and ETH investments. It’s got me thinking we might’ve hit the top with BTC. Seems like the newbie money is coming in.
So, should I cash out, blow it all on hookers, or mix it up a bit?
Why are you raising a false alarm on yourself, did anyone asked for that or do you think the forum nis more interested on your privacy, only share your story and experience let's all discuss together.
Did this same siblings know about when you invest, what you invest and why you invested, Bitcoin isn't completely mined, we still have more bullrun seasons coming, the market is volatile, you may choose to sell your ethereum, but hold bitcoin, or sell bitcoin now to later buy the dip and continue holding, anyone advertising you to sell off your asset completely is not wishing you well for the future.
Wow, I was surprised for a moment. You came here and created the post yourself, and there is no point in talking about yourself so arrogantly. No one here wants to know who you are or your identity. Are you here to have fun or to justify yourself? No one on the forum cares who you are or how rich you are.
Whether you sell your bitcoin or keep it doesn't matter to anyone. If you want to sell your bitcoin, sell it or keep it. You don't need to take advice from anyone here about these personal matters. If you think you will do something with bitcoin, discuss it here.
However, if you have available Bitcoin, you can hold on to it and sell the other ETH you have. It would be entirely foolish to give up Bitcoin, so try to hold on to it, and it won't be a problem even if you give up the other.
If you are holding for long term, you are not a newbie to ask this kind of question. You should know that it is possible that bitcoin will get to $1 million in the next 10 to 15 years.
But if you want to sell bitcoin now as you do not want to wait for another long term bull period, you can sell your coins.
Bitcoin is now gaining more attraction to strategic reserve and those dumb money are going there, very soon we are going to have more of this, institutions have already been keeping to the use of bitcoin in so many ways.
Sooner or later, we are going to have more and more than this we already have, bitcoin to the moon and back.
Diversify on multiple assets starting from bitcoin down.
you should have some fun from the sounds of it. I would not spend it all however I would always be worried about how you would have fun with that kind of money.
I suggest selling some to enjoy your life, but dont sell everything. Keep some Bitcoin for the future. What were seeing now is already a good price, but theres still a chance for bigger gains ahead. If you still want to experience that moment when it happens, you should have something left.
Its okay to cash out since youve already reached this level, which means youve been patient.
Reward yourself however you like, but also save a part for the future.
Maybe for this season, we aren't at the peak of the market price, there's high probability of getting more highs before the bullrun season ends for this season, but the market could be somehow unpredictable to an extent also, as we can later find it to be more pumping than dumping anytime soon and this may be coming after a correction that proceeds afters it plummets, for this year, we should still be more bullish until certain level has been achieved about the market value and price, while from now onward, we have to see more of it's rise and fall at the same time.
No offense, but I think people who might have bought bitcoin 12 years ago and held onto it until now. I didn't think they would ask naive questions like these, questions that only newbies usually ask.
I believe that people who can hold bitcoin for such a long time will have enough knowledge and understanding, as well as have a clear plan for their investment. No one could have held bitcoin for the past 12 years without a clear investment plan or knowing what to do with their bitcoins.
So I doubt that he bought bitcoin 12 years ago and has kept it until now, yet he is still asking when to sell? This is indeed a very naive question.
I believe what you are saying because it is impossible for them to have invested in bitcoin for so long without having a sufficient plan, so is he like someone who has found long lost bitcoin?
As an investor who started a few years ago and already knows what the next plan is, I find the OP's question quite ridiculous.
You didn't need to let anyone know about your dump money mate. We don't really care how you choose to spend them or if you wish to HODL that's literally your business. You claim to hold that much bitcoin since 12 years ago and you still don't know what to do? That's dump.
No offence, if you don't have anything to do with it then throw your keys away. You should know by now to take some profits if you have been satisfied enough with your holdings. I don't see the use of this thread aside for blarbing..
You don't need all that money now. If you want to sell, fine: sell some, invest, spend on hookers, have your fun. But imho you should keep some BTC too, just in case you are wrong and the price will still go up.
We aren't close to the peak, we had more dumb people investing in Bitcoin before than now. Therefore, if that's what you'll consider as a reason to think we're in the peak of the market then we aren't. More highs are coming and if I was you, I'll hold unto my Bitcoin since you aren't doing any other thing than just hodling will the price keeps increasing. If you feel you don't have a need for that money then send it to people that it can have an impact in their life. Use your money to do some good and hodl the rest untill we get to over $1 million for Bitcoin before you think of selling more.
According to your post, you have been in the forum for 12 years, and you purchased bitcoin since then, am sure by now you should understand bitcoin better right now. Around 2013 which you invested in bitcoin, bitcoin all time high that year was around $1k, so if you have been holding bitcoin since then, and you didnt panic, why will you start panicking now, you have around 12 years experience in crypto space.
If what you saying is the truth, then you will have been in a very good profit already, so if you want to sell, then its your choice, but if you are disturbed because of what your siblings are saying, then I will say your story is fake.
Let's assume what you say is true. And I don't think there's anything wrong with selling it if it's the best, and for another reason, if you'd bought it 12 years ago, you would have made a huge profit, even become a billionaire.
But it's better to sell it just for fun, and there's nothing wrong with wanting something that makes you happy and selling some of the profits to make that happen.
By the way, you've been on this forum for a while, so you should already know the answer to your question.
Sell now that you think your siblings are bringing the dumb money and getting you off your expensive Bitcoin, and you become the dumbest one in the future when your siblings will become the diamonds hands and you left with no penny in Bitcoin.
Why should I sell my Bitcoin because the price have raisen so high when it can go even higher, the only time you should consider selling off you Bitcoin is when you are in dear need of the money and no just because of price volatilities.
You do what you wanna do man, but I don't believe we reached peak just because your sibling is sending you screenshot of bitcoin.
If I recall, I heard the same thing people are saying when BTC was reaching $70k back in the days, retouching ATH and even surpassing it a little, guess what happen, BTC is $115k now.
Your reasoning doesn't make sense.
You know what? He is not wrong.
The last 3 cycle tops that we had. They had one thing in common. I had friends and family buy crypto who never knew what it was. Then usually a month later, it topped. Each of the 3 cycles I noticed this. Maybe it was a coincidence.
But you need to understand that its not only the crypto markets that are stretched. So is the stock market. Look at Nvidia today at earnings. It beat estimates but stock dumped anyways after 5% because it hits of a bubble.