Strategies for the 100K bitcoin price point when everyone seems set to sell at that mark

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darkhashFull Member
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#1Oct 21, 2020, 03:23 PM
Looks like everyone is waiting for the 100K mark to cash out. I bought my bitcoins when they dipped in 2022, and I’ve always thought that once we hit 100K, I’d sell at least half of what I have. So, what’s the play here? Should we be holding on or selling now since everyone wants to sell at that price? Is it better to offload some before we actually reach 100K? Or do we just keep holding?
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alex.shardLegendary
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#2Oct 21, 2020, 04:02 PM
If bitcoin first get to $100000, that does not mean the bull market is over. What will happen is that as many people have placed TP order at that price, the price of bitcoin will definitely fall. But it is possible that the bulls can build up the price back and get to $100000 again. If it gets to $100000 again, most people will not sell. I saw this when gold got to $2500, $2600, $2700 recently. It is normal in the market. Bitcoin will not b le an exception but it may still increase later to more than $100000.
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humbleseedFull Member
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#3Oct 21, 2020, 09:16 PM
First of all, I'm just going to tell you something, there are people making money while you wait for the 100k figure, have you even analyzed the percentage that has been managed since the new ATH (second of the year). Sometimes it is a personal matter (if you need the money) and in others it is a percentage of profits in planning. That is, we are at the moment of making decisions without hesitation, that can be a mistake, since the price is going to have a correction (maybe not now, maybe in days, weeks, months, it is the "game" but it will happen) so, from what I see you are 100% hodl, then you just execute without hesitation...based on an idea of execution that has matured even over the years. Consequently there is this "silly" idea of thinking that "everyone" wants to sell at 100k... Hey; not me... Please!, I am still going long term, come on!  my goal is 7 figures.
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#4Oct 22, 2020, 01:24 AM
I think some big companies are buying Bitcoin for the long term according to their plans. That's why they may not want to sell it for $100k or they can take profit. Some will keep it longer as written above and wait for seven digits. Since this is a personal matter, the final decision will be yours and you will sell or buy according to your decision and look back at the chart in the future and see if you did good or bad.
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AtomicStakeFull Member
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#5Oct 22, 2020, 02:25 AM
"Everybody will sell when bitcoin hits $100k", you are wrong. You can sell your investment from your position, it is your personal wealth and personal wish. If you think this is the last bullrun for Bitcoin, you'd be wrong. Maybe some investors can take partial profit but still most investors plan to hold. After selling at $100k you will definitely regret it when you see the skyrocketing price of Bitcoin. Plan Bitcoin for the long term. Planning to invest in 2022 and sell the investment in just 2 years, my question is are you a trader? An investor's aim is never to plan to sell based on profit percentage. It is important for them to achieve their goals on time and according to their plans. They hold on to reach their goals. Investments should be planned and done with integrity.
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hodler2019Legendary
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#6Oct 22, 2020, 03:04 AM
well you got in at 16k it went to 93k and so far you sold nothing. but at 100k you will sell half lets pretend it was a coin for 16,000 sell .2 of the coin right now you get about 17600 and have .8 left that .8 is in a no pressure zone as it is all profit. note since I do not understand your tax set up I disregard tax issues for cashing out 20% of your coins. btw you can hodl that 0.8 for a long time years if you want. just be sure to understand your tax laws.
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sigma07Senior Member
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#7Oct 22, 2020, 03:32 AM
You'll be surprised that there's always buyers and sellers on this market regardless of the price. You can. I'm also holding until I am happy to sell some but I don't know yet what I am going to do if we see it happen in actuality. Most of the biggest exchanges don't have any liquidity problem at all until they announce it and limits the buy/sell orders.
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sat_2018Senior Member
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#8Oct 22, 2020, 05:46 AM
Alot of people will argue hold and that is in the majority correct but its not trade or speculative which I guess this forum is biased towards.    Now is not especially bearish imo but we can pull back to  69k imo for a variety of reasons. The 50 day average is at the 69k level, its also now support which mostly will always be checked in a good trend a climb involves a good foothold and check of that support.  Also the majority of weeks since August have held in line the area where 69k now is, this rush upwards has got us out of balance.   We can just continue upwards but I would not begin to bet on 100k now, I think its too late and selling is apparent, we may find buys into that or not.
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DarkR0ck3tFull Member
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#9Oct 22, 2020, 09:42 AM
Bitcoin price has been fueled by consistent all time highs, with Trump’s victory behind of it. But asking whether it’s good or reasonable to sell before $100k price, all I can say it depends on your own target selling price. If you can hold even longer until $100k hits btc, that would be more advantageous selling price, but if you sell at the current price because you have already accumulated huge profits, then never doubt selling some of your coins. After all, reaching $100k price for btc is just people’s anticipation and wild but educated prediction, your own market analysis and prediction will still be the one to matter in the end. Evaluate the current price, and check if it’s good enough to sell.
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jake.seedFull Member
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#10Oct 22, 2020, 11:56 AM
Fear will make a lot of people to sell at $100K or just before it reaches that price. A lot of people have already placed their take profit at $100K to be probable the highest price bitcoin can go in this cycle, but it now seems that things will not be that way again. We may see it go far above the $100K price with this high volatility it’s currently experiencing even though it’s not going to hit it at a go as people will sell before that price in order not be fall short of selling at the higher price when it gets there. So a lot of people that wanted to take full TP that price may reconsider and take some partials that point and then allow the market to continue its uptrend movement.
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hodler_gweiFull Member
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#11Oct 23, 2020, 08:01 AM
It all depends on you and also depends on your target in selling your assets, and as long as you sell them in a profitable condition, I think it's okay. $100,000 is the next Bitcoin price target that might make sense because Bitcoin has passed half of the price of $100,000, and this incident is what makes many people speculate that the next Bitcoin price for the long term will reach that price and currently Bitcoin is approaching that price which I think will happen in the near future. So the price of $100,000 is not necessarily the target that most people will sell but that price has provided great benefits for those who hold it in the long term, because it is certain that the highest Bitcoin price will continue to rise without limit as long as there is still a lot of demand. And you or someone else will sell it at a price of $100,000 or will continue to hold it, that is also a choice and target for each and certainly the price of Bitcoin does not have a certain price limit and the longer you hold it, the greater the profit you will get because the price of Bitcoin will exceed that price in the long term.
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paulyieldSenior Member
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#12Oct 23, 2020, 10:38 AM
indeed there will be a big supply wall around $100k, the gesture that the general public have the perception of selling at $100k seems to be true, I mean you can always sell a little bit below that if you're so doubtful, you'd still in big profit anyway. but even if there's big retracement around that level doesn't mean BTC can't go beyond $100k at some point, just need patience if you are committed to sell above $100k. at the end of the day it's up to you, whether you're really sure that BTC might tops $100k or not. try to create some analysis and make your own thesis I guess.
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quantumsageFull Member
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#13Oct 24, 2020, 03:28 PM
Why does it not make sense? Most investors have priced themselves at $100K to sell half and then the other half to go higher and that's about the scenario many investors want. Or you want to completely HODL and wait for the price to go over $150K because for me this is possible, seeing the market situation being overly positive sentiment due to the effects of Trump winning the election. HODL or selling half at $100K is a great plan.
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bit2016Full Member
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#14Oct 26, 2020, 04:46 AM
It could trigger a sell-off once the price hits that level, making it harder for the price to sustain or go higher in the short term. So, selling before 100K might help you avoid getting caught in that rush, but it all depends on your risk tolerance and long-term view on Bitcoin’s potential. If you're still bullish on Bitcoin long-term, holding might make sense, especially since you already have a strategy to sell half at 100K. However, if you’re concerned about a price pullback as that level approaches, taking some profits now or scaling out gradually as we near 100K might reduce some risk. It comes down to your personal financial goals and how comfortable you are with the volatility.
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calmomegaSenior Member
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#15Oct 26, 2020, 10:32 AM
Depends on what you want? If you want to maximize everything I'd personally sell and wait for it to hit some lows then hold again for the next 4 years. You can do it partially if you want as well since if you bought at 2022 pretty sure you have a huge leeway in terms of reinvesting. In the first place even if you kept holding you wouldn't be losing out on anything. Sure if price drops the profit you could've taken would decrease, but then again it is still profit. And the market will always have buyers. Especially at that 100k price point, I reckon there'd be a lot of news about Bitcoin which could again invite a new wave of investors. Might see a temporary drop yeah but I reckon it wouldn't crash down.
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#16Oct 26, 2020, 03:32 PM
I think, that is the price many holders that are still holding their Bitcoin are looking up to happen before they can release their Bitcoin for sale, because they have seen $80,000 and $92,000 so far and they didn't release their Bitcoin, because they want to make a good income from the market which is possible when the price reach $100,000. I hope you know is not easy for someone to hold his or her Bitcoin over some years waiting for $100,000 to appear before he or she can release the Bitcoin, I think you will not regret for this decision, because that price will definitely going to happen for holders to experience above $100,000 this year. Why not, it make sense if you change your mind to sell your Bitcoin right now, because you will not going to lose since you purchased your Bitcoin since 2022  and the current price of Bitcoin is $88,000 which there still massive income for you to embrace from the market.
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CalmLedgerSenior Member
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#17Oct 27, 2020, 01:15 PM
That will depends on each people plan. If their plan want to sells Bitcoin when the price hit $100k, they will do that and will not regret when the price still increase and hit the next high price. But some people will delay their selling because many people will become greedy and wants to sell at the next high price. We don't have to be like that and stick to our plan so we can have the profit and enjoy it. We can buy back Bitcoin at the correction because after the price hit the high price, the price will go down and have a correction. But it still make sense to hold for more because their target price still at the other high price so they will sell it even the price reach $100k.
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gmfrensFull Member
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#18Oct 27, 2020, 02:17 PM
anyone that plans on selling his Bitcoin at $100k ought to have sold it when Bitcoin got to $93k because there's no much additional profit he's going to see when it eventually gets to $100k. I can bet that most speculators didn't see Bitcoin getting to $90k by this time of the year but when it eventually got to $90k a lot didn't still sell. Investing in Bitcoin and choosen when is the best time to sell is a personal decision that should be based on your reason for wanting to sell at a set out price. Most investors are holding for the long term and not just buying to sell at $100k. Some are just getting started and can't sell at $100k if they want to make good profit from thier investment. If $100k is your targeted point before selling, you can go ahead and seel at that price. What's really most important is that you're profitable at your investment and that's just all.
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ledger_protoFull Member
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#19Oct 27, 2020, 04:59 PM
I don't see anyone saying they're going to sell bitcoin when it hits $100k other than retail investors like us and I don't think that will have much of an impact on the market. On the contrary, I see this as a good thing because after taking profits, I wouldn't be surprised if people FOMO and buy bitcoin back at a higher price if market makers push bitcoin to $120k or $150k. If there is selling pressure from retail investors when bitcoin hits $100k, I believe this scenario will happen. I think you should stick to your plans and goals instead of asking for others' opinions because neither you nor we know what will happen in the future .  Maybe $100k is the top of the cycle or just a sign that things are just getting started as it will almost certainly hit $100k this year and the bull cycle is just getting started.
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im_novaFull Member
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#20Oct 28, 2020, 04:49 PM
For me, as a trader, this is a very interesting question for discussion. The psychological factor is a very important factor in trading. You correctly mentioned that people aim for 100K Bitcoin price and how is that gonna happen if everyone wants to sell at 100K. In moments like this, I aim to sell my coins at 98K USD because there is a good chance the price will not reach and surpass 100K numbers because this is the line where people want to sell their coins, so there is a big chance we will reach 98K or something similar and then people will start selling. I expect this to happen, then the price will fall cool down a little, there will be a little correction, maybe 80-90K range and soon the price will start rising again and surpass 100K. At that moment, people won't start selling but wait for another range, more likely for 150K.
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