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by AznHisoka 3189 days ago
everything he says seems fairly obvious but he never seems to answer the tough question: when do you sell?
2 comments

My answer: Take a look at the dotcom bubble, adjust nasdaq marketcap for inflation (and maybe much more because of ZIRP) and there you have your target market cap.
What's your reasoning behind this? When all the dumb money is in, it's time to get out?
Yes, the only question is when the dumb money is in. I guess dotcom is here a historical precedent.

Since we cannot really know, I will just use that number and gradually sell around it. Of course that might make me the dumb money but that's a risk I'm willing to take.

When bitcoin is fully valued, you won't need to sell.