Looks like everyone is eyeing $100K to sell their Bitcoin. I bought in at the lows of 2022, and I've always planned to sell half at this point too. Should we be selling now or just holding until we hit that mark?
Strategies for Navigating the $100K Bitcoin Price Mark
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shard_2013Full Member
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#2May 25, 2023, 07:56 PM
Reaching $100K doesn’t mean the bull run is done. Yeah, a lot of sell orders are set there, so it might dip right after. But who knows, it may bounce back up to that price again. I mean, gold had its own peaks, and Bitcoin is no different. It could go much higher after.
Honestly, while everyone’s waiting for $100K, some folks are cashing in on gains already. Have you looked at the percentage gains since the last ATH? Don’t let emotions dictate your moves. Sure, we’re in a correction phase, but every day counts.
I think major companies are in it for the long haul. They might not care to sell at $100K. Some might be waiting for even bigger numbers. Ultimately, it’s your call on when to sell, just remember to check back and see if your decisions were wise.
"Everyone’s gonna sell at $100K" that’s a misconception. Each person has their own financial goals. If you see this as the last big surge for Bitcoin, you might be mistaken. Most are still holding out for more gains.
So you bought at 16K, it peaked at 93K, and you still haven’t sold? You’re planning to sell half at $100K? Why not take a bit off the table now? Even selling just a fraction can ease the pressure since it's all profit.
There are always buyers and sellers, no matter the price. I'm holding until I figure out what feels right for me to sell. Liquidity on major exchanges hasn’t been an issue unless they announce it.
kevin_atlasFull Member
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#8May 29, 2023, 03:07 PM
Most people lean towards holding, but this place seems more trader-friendly. It’s not bearish yet, but I can see a pullback to around 69K, which is a strong support level based on trends.
c1pher_viperFull Member
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#9May 29, 2023, 08:58 PM
Bitcoin's price spikes have been influenced by consistent new highs, thanks to events like elections. Whether you sell before hitting $100K is really about your personal targets. Holding for that price might be wise, but if you’ve made solid profits, consider cashing out some.
lynx_5hardMember
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#10May 29, 2023, 09:52 PM
Fear will trigger a lot of sales around $100K or maybe just before. Many have set take-profit orders there, thinking it’s the peak, but things could play out differently. There will be volatility; we might see prices soar above $100K, even if it dips first.
Selling your crypto should depend on your goals. As long as you’re selling while in profit, that’s key. Many see $100K as a significant target, which makes sense given how close we are.
Yeah, expect a big resistance at $100K. Everyone wants to sell there, and it might cause a dip. But if you’re not sure, you could sell a bit earlier; you’ll still be in profit.
It’s not a bad idea to sell half at $100K and hope for higher later. Many think this is the plan since it will help them keep some exposure if the price keeps climbing.
Reaching $100K is a huge psychological level, and most investors are aiming to cash out there. But some will likely hold out longer for even more gains.
ape_diamondMember
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#15May 31, 2023, 03:36 AM
It’s super common for holders to want that $100K mark before selling. I get why people are hesitant; it just takes a lot of patience to wait for that big payoff.
People will stick to their plan some want to sell at $100K while others might push their limits. Greed can definitely creep in, and it could cost them if they don’t take profits.
Looks like many are still holding and want to ride it out. If you don't sell now, you might just end up regretting not taking some profit earlier.
Honestly, if you’re planning to go for $100K, you probably missed a good chance when it hit 93K. Timing is everything, and that’s a personal choice each investor has to make.
noty0urkeysSenior Member
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#19Jun 2, 2023, 12:07 AM
I think retail investors are the ones fixated on $100K. Institutional reactions might be different, and once profits are taken, we might see a FOMO influx back into Bitcoin.
SwiftMatrixNewbie
Posts: 40 · Reputation: 23
#20Jun 2, 2023, 03:26 AM
For me as a trader, this whole thing is about psychology. Everyone's targeting that $100K price, but I’d aim to sell a bit under it, like at $98K, just to avoid the rush.