What Should Investors Do If Bitcoin Reaches New Highs?

0 votes
by (120 points)
As an investor, I am intrigued by what the best method would be, should Bitcoin surpass its previous all time high of $100,000 or $150,000. What in your opinion, should I do?

1 Answer

0 votes
by (340 points)
In case there are new highs in prices for Bitcoin, caution of over-optimism in the market and consideration of taking profits is crucial. One has to have target prices, say $100,000, $150,000 and $215,000, and a scale out strategy. Finch and Jelibach expect this peak-burst to be followed by a bearish phase and suggest the deployment of cash or other instruments for diversification. The deployment of such strategy also provides an opportunity to re-enter or accumulate positions at desirable prices when the market is depressed.
by (100 points)
All very good advice, but I don’t think we’ll hit 100k this cycle.
by (100 points)
Bitcoin maxing out this year?! What are you talking about?!?! The bull run has barely begun. We easily have 1.5 years of gains before we see -80% pullbacks. Seriously what are you talking about?
by (100 points)
LARK, have you ever considered playing the short side after the long side exhausts?  Maybe buying PUTS on COIN and MSTR for example?
by (100 points)
Where is the money coming from for 10T MC and 250k BTC?
by (100 points)
Bro… show me it can hold previous ATHs before we bring up a cent higher.
Because for half of a year it can’t
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