Buy the DIP, and HODL!

[Shadiq]

I don't have much knowledge about Bitcoin, I just have basic idea of ​​Bitcoin. And I haven't started bitcoin investment yet, but I have plans to invest in bitcoin in the future, and I will hold my investment for a long time. With the rate at which Bitcoin has risen today, it seems like I missed a good opportunity. If I had started investing 1 week earlier, I would have already made a good amount of profit. However now the price of Bitcoin is very high, so I am waiting for a dumping, when I get a good dumping I will start investing.

Your plan might be ideal for investing in Bitcoin if you are not looking at a bear market for your long-term investment. I support your long-term plan but waiting for a bear market is not a good plan at all. I think you might be suitable for investing if you have a reliable source of income for your investment or an alternative source of income with which you can continue to invest and win for a long time.

Since you are on a long-term plan, it would not be right for you to look at the market. Because the market is currently bullish, no one knows how long to wait for a bear market, or Bitcoin never entered at the price you expected, then you will not invest? Or will you wait more?

You are already regretting that Bitcoin could not enter a few days ago, it may be that this price is a low price for the future. Maybe Bitcoin will never fire at this price again! I do not think it is impossible. It may also be that if Bitcoin pumps twice as much from this price, then your regrets will increase even more. It does not matter.

So, since you have basic knowledge about Bitcoin, you should not delay unnecessarily in entering the investment. If you have money to invest, then you should start investing now. Many people are investing regularly even in this bullish market situation.

[Zackz5000]

I don't have much knowledge about Bitcoin, I just have basic idea of ​​Bitcoin. And I haven't started bitcoin investment yet, but I have plans to invest in bitcoin in the future, and I will hold my investment for a long time. With the rate at which Bitcoin has risen today, it seems like I missed a good opportunity. If I had started investing 1 week earlier, I would have already made a good amount of profit. However now the price of Bitcoin is very high, so I am waiting for a dumping, when I get a good dumping I will start investing.

Since your plan is for a longer time I think there is no need to wait for Bitcoin to dip before accumulating Bitcoin reasons been that the more you wait for dip the more the price keep increasing and the more you are missing out market opportunity, and you might also regret not accumulating Bitcoin now thinking the price is high if the money to accumulate Bitcoin is available since you already had some basic knowledge about Bitcoin you can get started because you might be waiting for Bitcoin to dip in price before accumulating then the price keep on increasing day after day those that refused to accumulate now will definitely regret later when Bitcoin price will be $200k and above.

If the fund to accumulate Bitcoin with is available your discretionary income, emergency fund then you can start accumulating with the DCA strategy which will be suitable for new investors where you can accumulate Bitcoin regularly weekly or monthly irrespective of the price and hodl for long periods of time properly 4-10 and above.

[CageMabok]

I don't have much knowledge about Bitcoin, I just have basic idea of ​​Bitcoin. And I haven't started bitcoin investment yet, but I have plans to invest in bitcoin in the future, and I will hold my investment for a long time. With the rate at which Bitcoin has risen today, it seems like I missed a good opportunity. If I had started investing 1 week earlier, I would have already made a good amount of profit. However now the price of Bitcoin is very high, so I am waiting for a dumping, when I get a good dumping I will start investing.

Such things will only waste your own time if you have the intention to invest in Bitcoin from now on, because you don't need to doubt your own intentions, especially if you intend to run a long-term investment with a higher profit target so you don't need to focus on short-term profits like you said. So it's a good idea for you to start immediately even though the price of Bitcoin is in a high range, but that is not a reason that can discourage you from doing it, because Bitcoin could pass the price of $100K and could even reach the price of $200K in the future. Now you just need to strengthen your own will and mentality not to be afraid to invest in Bitcoin before entering the new year.

[Mayor of ogba]

A long time ago, Peter Schiff said this..
keep dreaming, Bitcoin is never going to hit $100k

I think he is blind even if he has eyes And a completely stupid guy. Peter Shipp was as wrong as ever about Bitcoin and he still hasn't corrected. He said in a tweet in 2019 that Bitcoin would never reach $50,000. Maybe he said these things in that tweet like a fool.


A review of Bitcoin price history shows that in 2019, the price of Bitcoin rose to around $10,599. A few years later, in 2021, the price of Bitcoin touched the all-time high of $64,000 for the first time. All those who have said negative things about Bitcoin since its inception have been proven wrong time and time again and may be proven wrong again and again in the future.

Yes he said that, he should be worried and full of regrets knowing and seeing how much Bitcoin has grown past his

I doubt if he will regret his tweet about bitcoin not getting to $50k and not investing the $5k in bitcoin when the price was very low. Be not deceived; Peter Schiff might have more bitcoin knowledge than you, but since he clearly hates bitcoin because of the power it possesses, maybe he has a lot of people in the government, and he just made that tweet to discourage his followers so that they will not invest in bitcoin, which will give them the power to keep manipulating people by deciding when they will access and use their money. But I am happy that Bitcoin has proven him wrong, and his followers who followed that stupid tweet will be the ones who will live in regret because they missed the opportunity of gaining financial freedom through bitcoin investment.

[AirtelBuzz]

Be not deceived; Peter Schiff might have more bitcoin knowledge than you, but since he clearly hates bitcoin because of the power it possesses, maybe he has a lot of people in the government, and he just made that tweet to discourage his followers so that they will not invest in bitcoin, which will give them the power to keep manipulating people by deciding when they will access and use their money.

I don't think he has much knowledge about Bitcoin. It is probably well known that he has been proven wrong time and time again and made wrong predictions about Bitcoin. He once said that Bitcoin will never touch $50K and said again that Bitcoin will never touch $100K. But even after his bad statement, Bitcoin proved him wrong and increased to a High extent. Currently the price of Bitcoin has risen and is very close to touching $100k. Not only Peter Schiff, another critic of Bitcoin is Jim-Cramer, this idiot has also made many wrong comments about Bitcoin even he has been proven wrong time and time again. Today's Jim Cramer said on the social media platform Twitter

CRAMER: "I'd rather own Bitcoin than MicroStrategy. I know Citron put some kind of short on it. All I can tell you is own Bitcoin, that's a winner"

[bitzizzix]

I don't have much knowledge about Bitcoin, I just have basic idea of ​​Bitcoin. And I haven't started bitcoin investment yet, but I have plans to invest in bitcoin in the future, and I will hold my investment for a long time. With the rate at which Bitcoin has risen today, it seems like I missed a good opportunity. If I had started investing 1 week earlier, I would have already made a good amount of profit. However now the price of Bitcoin is very high, so I am waiting for a dumping, when I get a good dumping I will start investing.

It would be better if you do not delay or wait for the price of Bitcoin to drop and if you already know the basics of Bitcoin, do it, because basic knowledge about Bitcoin is the main thing that you really need to know, especially the benefits and also its traces.

And the most important thing is that you learn or find a method or strategy that suits you and also suits your finances, and Bitcoin is not a get-rich-quick scheme like you said if you invest a week earlier you will get profit and my question if you do it do you have a large capital to get big profit in a week.

And as you said the price of Bitcoin is too high approaching $ 100,000, but that doesn't mean you can't invest. And to reach that price Bitcoin takes a very long time and this is what you have to find out.

You can invest now by doing the DCA method, because DCA can support those who do not have the ability to buy Bitcoin in large quantities. And you can buy it in small amounts according to your ability every week or month consistently, because if you do it in the long term then the Bitcoin you have will accumulate and become large in the next 4-5-10 years which will provide very large profits for you. Never delay investing in Bitcoin because the price of Bitcoin will continue to rise even higher, which will make you regret it even more.

[Marvelockg]

I don't have much knowledge about Bitcoin, I just have basic idea of ​​Bitcoin. And I haven't started bitcoin investment yet, but I have plans to invest in bitcoin in the future, and I will hold my investment for a long time. With the rate at which Bitcoin has risen today, it seems like I missed a good opportunity. If I had started investing 1 week earlier, I would have already made a good amount of profit. However now the price of Bitcoin is very high, so I am waiting for a dumping, when I get a good dumping I will start investing.

just mere reading through what you have wrote here shows how a completely innocent newbie thinks when he's about getting started in his investment and I tell you this, no one hasn't had this feeling that he's already late as long as it concerns investing in bitcoin. ask those that started investing in bitcoin at $10k and they will tell you that they had the opportunity of investing earlier enough when bitcoin was below $500 and that it will be best to wait for a DIP before buying. sometimes in a bid to wait for the DIP, bitcoin might end up going really high to the point you start to regret not buying at the time you had the opportunity of buying bat a lesser amount.

note that if the amount you are using to make your purchase isn't much, even if you wait for a 40% DIP, the difference won't be much whether you bought now or wait for a long time before buying. to avoid some of this complex possibility, the use of the DCA method helps you to start building your portfolio bit by bit without being too concerned of the bitcoin price at the different time you wish to buy.

now you know the basics of bitcoin, starting small will be the best thing to do and depending on what you can afford, you can choose to start from $10 per week, $20 per week or so on depending on your financial capability. since the intention is to do it for the long term, you can just continue to build it this way till your finance increases and you can now decide to also increase it in a manner that is proportionate to how well your finance has grown. the earlier you start getting things right and also work on your emergency funds on time so you are never pressured to sell too soon even when your are in a slight profit, it will at the end help you continue to accumulate your bitcoin seamlessly for the long term.

[Jaycoinz]

I don't have much knowledge about Bitcoin, I just have basic idea of ​​Bitcoin. And I haven't started bitcoin investment yet, but I have plans to invest in bitcoin in the future, and I will hold my investment for a long time. With the rate at which Bitcoin has risen today, it seems like I missed a good opportunity. If I had started investing 1 week earlier, I would have already made a good amount of profit. However now the price of Bitcoin is very high, so I am waiting for a dumping, when I get a good dumping I will start investing.

If you plan to be a long-term investor, there is no need for you to be waiting for no reason. You are already late to bitcoin and you don't see that as a problem which is why you think that the price is too expensive. How long do you want to keep waiting for two years or a year, because I don't see bitcoin price reaching the price that you are expecting this circle again because bull run is all about bitcoin price going up. Do you know when the next bear market will come, people are busy acquiring more bitcoin every week and month even with this price.

I would like to say just correct that he is still not late but that's ofcourse if only he understands what the future holds with Bitcoin which ofcourse he has no idea at all. Bitcoin for me at this stage is still not late although many people who are scared will think that the price has gotten too high for them to buy which is probably what many other people like him did when the price went up all the other previous bull run when a new ATH was attained, I believe those same set of persons who still taught that 100k was an impossible feat would be dead suprised by now and also being regretful of not actually buying when they had the opportunity.

If I were you I would just stop thinking about anything and follow the advice given below and set a buying consistency strategy for a long period because that's the only was positivity can come to your investment and most importantly just hold this principle that no matter the weather the price of Bitcoin is always moving forward @historical facts.

[MainIbem]

I don't have much knowledge about Bitcoin, I just have basic idea of ​​Bitcoin. And I haven't started bitcoin investment yet, but I have plans to invest in bitcoin in the future, and I will hold my investment for a long time. With the rate at which Bitcoin has risen today, it seems like I missed a good opportunity. If I had started investing 1 week earlier, I would have already made a good amount of profit. However now the price of Bitcoin is very high, so I am waiting for a dumping, when I get a good dumping I will start investing.

I would like to say just correct that he is still not late but that's ofcourse if only he understands what the future holds with Bitcoin which ofcourse he has no idea at all. Bitcoin for me at this stage is still not late although many people who are scared will think that the price has gotten too high for them to buy which is probably what many other people like him did when the price went up all the other previous bull run when a new ATH was attained, I believe those same set of persons who still taught that 100k was an impossible feat would be dead suprised by now and also being regretful of not actually buying when they had the opportunity.

If I were you I would just stop thinking about anything and follow the advice given below and set a buying consistency strategy for a long period because that's the only was positivity can come to your investment and most importantly just hold this principle that no matter the weather the price of Bitcoin is always moving forward @historical facts.

Yeah no one's late to invest into Bitcoin even at this point when the price is going higher however if he's watched carefully and follow up the ongoings of this thread then his Bitcoin journey would go smoothly whenever he decides to take a bold step and join the moving train, everything you've said to him is very important, he has to think long-term and invest consistently and I believe by now he should've known about some good strategies that would help him accumulate better and if he could be patient enough to accumulate and hold for a very long period and more, like 4 years and above, he'll be making one of the best decisions in his life. Anyways, I want to also add that he should ensure he has a stable source of income that would help him accumulate consistently for long-term.

[Sticky Bomb]

Since bitcoin is a long-term investment, setting up emergency funds or building up emergency funds as you are accumulating bitcoin is very important thing to do because it will help you to sort out your unforeseen problems anytime they arise, which will allow you to hold your bitcoin investment for the long term because you will not depend on your bitcoin investment to do that. Any investor who doesn't make provision for his emergency funds as he is accumulating bitcoin has a big possibility that he will end up selling his bitcoin investment to survive because, at some point in your accumulation journey, you must need a new thing in your life to enhance your productivity, and if you don't make provision for emergency funds, there is no way you can make that happen or achieve that, and it might force you out of the game, partially or permanently.

Emergency funds is not for enhancing one's living but to service unforeseen circumstances(events that you do not expect to happen and must be tackled immediately). enhancing your productivity can be planned over time in order to achieve that. Compromising your emergency funds to achieve feats that are non-emergency is a wrong discipline in your financial management and that alone would leave your bitcoin portfolio vulnerable when real emergencies show up and you have depleted your emergency funds on things that are not emergencies.

You talk as if you are a bitcoin analyst and you are so sure about your predictions, there will surely be a little dip but the chances of your prediction to happen without reaching $100k in a few days or weeks is very low. As a fellow Bitcoin enthusiast, I'd advise enjoying the current bullish trend. We're nearing $100k, and considering the rapid progress, it's likely we'll surpass this milestone very soon. Let's not spoil the excitement with negative predictions, which might cause unnecessary panic among new investors... Rather than focusing on potential dips, let's appreciate the bullish ride and the opportunities it brings. After a long bear market, it's time for investors to reap the rewards.

Are you referring to Investors reaping short-term rewards from bull runs? If that is the case then you are on the wrong track and this is a trader's statement. Investors should see bull runs as an encouragement to even invest more and a time to be assured of the profitability potential of bitcoin and not a time to harvest part or all their investment before maturity. Holding your investment for a long term is the right attitude to getting better profits after several cycles and after reaching your accumulation target. Investors need not be swayed to loosing focus on the long term plan because of short-term profits that comes with the bull run, else they may regret in the long run that they sold much BTC too soon and missed out on better profits in the future.

[Greyhats]

If your reading this and your new, and you haven't jumped in....now is the time.

Be part of history, own a piece of corn sub 100k if your lucky!


To all my fellow dca'rs and dip buyers, lets make a special purchase today outside our regular schedules.

LFG :-)

[Raflesia]

I don't have much knowledge about Bitcoin, I just have basic idea of ​​Bitcoin. And I haven't started bitcoin investment yet, but I have plans to invest in bitcoin in the future, and I will hold my investment for a long time. With the rate at which Bitcoin has risen today, it seems like I missed a good opportunity. If I had started investing 1 week earlier, I would have already made a good amount of profit. However now the price of Bitcoin is very high, so I am waiting for a dumping, when I get a good dumping I will start investing.

This is a thought that always happens for people who are new to bitcoin and thoughts like this are not only you who have felt but almost most people have also felt that they are late to be in bitcoin including me.

But in the end thinking like this is just a protection from ourselves to secure what we have because we always expect what is done to be a direct benefit that can be seen in real time. But in the end this mindset must be slowly eliminated especially when you mention a long period of time as a goal because it does not make sense when you aim for the long term but are too surprised to start just because of the stronger bitcoin movement for the past few months so you don't want to buy.

I understand this defensive nature for those who are new to bitcoin but confidence from the start must certainly be well nurtured so that what we do in the end does not make you feel sorry and feel wrong in acting so first convince yourself whether you can afford to be in bitcoin or not.

[Justbillywitt]

If your reading this and your new, and you haven't jumped in....now is the time.

Be part of history, own a piece of corn sub 100k if your lucky!


To all my fellow dca'rs and dip buyers, lets make a special purchase today outside our regular schedules.

LFG :-)

Don't get too excited and go outside your budget for buying Bitcoin, it will definitely have a toll on you, especially if you haven't kept an extra cash. Yes we are all excited that Bitcoin is making a continuous uptrend, but let's not get carried away and go outside our budget. If you have been buying regular, you should just maintain your budget, unless there is an extra funds that came in then you can add more stash outside your normal weekly buy schedule. But if there was no additional provision, I will advise you stick to what you have already budget for and not go outside it. Getting too excited might make you take some irrationally decision which you might later regret later on.

[DubemIfedigbo001]

I don't have much knowledge about Bitcoin, I just have basic idea of ​​Bitcoin. And I haven't started bitcoin investment yet, but I have plans to invest in bitcoin in the future, and I will hold my investment for a long time. With the rate at which Bitcoin has risen today, it seems like I missed a good opportunity. If I had started investing 1 week earlier, I would have already made a good amount of profit. However now the price of Bitcoin is very high, so I am waiting for a dumping, when I get a good dumping I will start investing.

It seems you are going to be starting your bitcoin investment journey with a quick-profit and trader mindset, Investing into bitcoin is a good decision, but the mindset with which you approach it can make it profitable or render it useless. If you have in mind to be profit conscious in your accumulation journey, then I doubt you can actually hold for long. I get it that newbies like you tend to get swayed by the moment, but I think you should know that the moment is not as important as the profitable future in bitcoin investment, the focus should be on the accumulation quantity and not the quick-profits that are obtainable.

I would also mention that you should invest into bitcoin with your discretionary income only(money you do not need currently, more like your idle funds) and if you don't have such at the moment, work on improving your finances in order to make those funds available periodically for your DCA accumulation journey, you also need to build your emergency funds over time, so that in case of emergencies(hospital bills, accidents or other unforeseen circumstances) you can service it with your emergency funds rather than targeting the quick profits in your investment if there is actually any at the moment. Before you start your accumulation journey, have an accumulation target in mind and discipline yourself not to tamper with your bitcoin holdings until you arrive at your target and/or reach the long-term holding target preferably 4 -10 years of more in accordance with your hodling plan. 

[Gallar]

I don't have much knowledge about Bitcoin, I just have basic idea of ​​Bitcoin. And I haven't started bitcoin investment yet, but I have plans to invest in bitcoin in the future, and I will hold my investment for a long time. With the rate at which Bitcoin has risen today, it seems like I missed a good opportunity. If I had started investing 1 week earlier, I would have already made a good amount of profit. However now the price of Bitcoin is very high, so I am waiting for a dumping, when I get a good dumping I will start investing.

Don't say that, friend, if you say now that you missed the opportunity to buy bitcoin last week, I think you will most likely regret it again if you don't buy bitcoin now. Because currently bitcoin is in a very good trend and bitcoin has the potential to rise to more than $100K. So instead of waiting for another correction, I think buying bitcoin now is the right thing. Because if you keep waiting for the price to drop to buy bitcoin, I think this will actually increase your feelings of regret. Because as I said, bitcoin has the potential to continue to rise even further. So if you want to buy bitcoin, I think do it as soon as possible, especially if you intend to invest in bitcoin in the long term, I think buying bitcoin now is a very good thing. Apart from that, I suggest you use the DCA technique when buying bitcoin. because the DCA technique is a purchasing technique that is currently widely used by long-term bitcoin investors. If you want to know more about what DCA is, try checking the web link below.

https://www.coindesk.com/learn/what-is-bitcoin-dollar-cost-averaging-a-beginners-guide/

[Wind_FURY]

Shower thought. The question might not be IF Bitcoin surges and reaches parity against Gold's Total Market Valuation. The question probably should be how much more valued would Bitcoin be WHEN and AFTER it reaches parity against Gold's Total Market Valuation.

Bitcoin Total Market Valuation - $1.90 Trillion
Gold Total Market Valuation - $17.0 Trillion
  👀
HODL

If bitcoin were to reach a market value equilibrium similar to GOLD then this would need to be above $300K perhaps or even $500K, this is not impossible as bitcoin would be equivalent to the market value of GOLD on a market capitalist basis.

Just imagine every cycle bitcoin goes up 2x - 4x then the equilibrium will be equivalent to GOLD.

We need to HODL even longer.

You seem to be lacking in understanding and appreciation of what bitcoin is as compared to what gold is.

Bitcoin is likely in the ballpark of 1,000x more valuable than gold, but currently bitcoin has a market cap of about 1/8th of gold.

Even if bitcoin does not reach gold parity this cycle, it seems quite likely that it will reach gold parity and march towards around 1,000x greater than gold, whether that is bitcoin's price going up or gold coming down or a combination.. and such fair valuation could take 50-200 years to play out.

Your superb and intelligent opinion/shower-thought is needed,

Will the current cycle be the cycle that we see Bitcoin surge above the $100,000 price-point, AND that it will "never" crash below that price-point again?

  🤔

Or do we wait for another bull cycle to happen?

[Mayor of ogba]

I don't have much knowledge about Bitcoin, I just have basic idea of ​​Bitcoin. And I haven't started bitcoin investment yet, but I have plans to invest in bitcoin in the future, and I will hold my investment for a long time. With the rate at which Bitcoin has risen today, it seems like I missed a good opportunity. If I had started investing 1 week earlier, I would have already made a good amount of profit. However now the price of Bitcoin is very high, so I am waiting for a dumping, when I get a good dumping I will start investing.

You don't need much knowledge to start up your bitcoin investment; the basic idea that you have in bitcoin is very much okay for you to start up your bitcoin investment, but you can still learn about bitcoin as you are in your accumulation journey so that it will allow you to have a clear picture of what bitcoin is all about, which will make you be all in on bitcoin and hold it for the long term. As a newbie who wants to start his bitcoin investment, what should be your concern is your finances to know if you will have a discretionary income that will allow you to comfortably invest in bitcoin in just a way that it will not stop you from sorting out your daily expenses, which might get you of the game, partially or permanently. Since you are investing in bitcoin for the long term, there's no need for you to look at the price of bitcoin or try to time the market to buy bitcoin when it dumps because it will delay you from accumulating bitcoin because you are not certain if it will happen today or tomorrow, and there's no better time to invest in bitcoin than when your discretionary income is readily available and you use it right away to invest in bitcoin. Any time you are very much ready to start your bitcoin investment, you can use the DCA strategy to accumulate bitcoin either on a weekly or monthly basis, which will allow you to accumulate bitcoin anytime your discretionary income is readily available because it will allow you to accumulate bitcoin even though the price is increasing or decreasing, which will allow you to take advantage of the market and be more consistent in accumulating bitcoin than someone who is trying to wait for the dip to buy bitcoin.

[Roggeredek]

Will the current cycle be the cycle that we see Bitcoin surge above the $100,000 price-point, AND that it will "never" crash below that price-point again?

  🤔

Or do we wait for another bull cycle to happen?

Agree with you and @JayJuanGee.

If we look at the past of Bitcoin, we can see that even though the price of Bitcoin has been going down, it has been going up again. It has crossed its highest limit again and again in a few years. 

I personally think that even if the price of Bitcoin goes down, it will return to its previous place in a few months.

[JayJuanGee]

Me, too. But, I think for 100K, even though it is very close, it still needs time and it could be the end of December or early January 2025. My view is that currently many are selling temporarily and in the near future we will also enter the weekend holiday period.

88K is very potential to be awaited.

You talk as if you are a bitcoin analyst and you are so sure about your predictions, there will surely be a little dip but the chances of your prediction to happen without reaching $100k in a few days or weeks is very low. As a fellow Bitcoin enthusiast, I'd advise enjoying the current bullish trend. We're nearing $100k, and considering the rapid progress, it's likely we'll surpass this milestone very soon. Let's not spoil the excitement with negative predictions, which might cause unnecessary panic among new investors... Rather than focusing on potential dips, let's appreciate the bullish ride and the opportunities it brings. After a long bear market, it's time for investors to reap the rewards.

When it comes to bitcoin, investors don't need to reap rewards by selling their BTC as you seem to be implying, although they could reap rewards by appreciating that their wealth has gone up and likely to continue to go up by their choice to ongoingly hold the bitcoin they already accumulated..

[edited out]

       My bone of contention is not about making any comparison between bitcoin or Gold because if we take a look at the time when Gold was introduced, and the time bitcoin was introduced you can see that the growth of bitcoin has outperform Gold just within 15 years of Bitcoin's invention, so if we are to have a picture of what bitcoin will become in respect to Gold by this time in the future you will understand that bitcoin will surely become the superior asset here.

Bitcoin is already a superior asset (money) as compared with gold.  About 1,000x superior.  It just might take a while (perhaps 50-200 years) for that to be reflected in the respective market prices.

[edited out]

Your superb and intelligent opinion/shower-thought is needed,

Will the current cycle be the cycle that we see Bitcoin surge above the $100,000 price-point, AND that it will "never" crash below that price-point again?
🤔
Or do we wait for another bull cycle to happen?

I never claim to know these kinds of things... because frequently if there are a lot of sales walls at a certain price point, such as $100k, then once the price goes above it, then it could go 15% to 25% or more before it takes a break.

But the 200-WMA is still at $41k, but if the BTC spot price moves up faster then the 200-WMA moves up faster too... so the 200-WMA is usually considered the bottom price, so on bull runs (or bullish periods), the BTC price does not tend to drop within 25% of the 200-WMA, absent some unusual dip situations, and even in the bear market the 200-WMA is not usually breached, but it still can be sometimes.

I had loosely made a prediction that the BTC spot price would not get within 25% of the 200-WMA prior to the end of 2025, and that the BTC ATH price will be higher in 2025 than it is in 2024.   I don't really claim to know specifics beyond that....

Sure maybe we could proclaim that if the BTC spot price goes above $400k (this cycle or whatever), then it becomes much more difficult for it to return to sub-$100k, because $100k would be a 75% correction from $400k.

I know that the numbers seem outrageous, but I would not be prepared to say that the BTC price will never go below a certain point, unless there is some cushion or we might be working with measuring from the 200-WMA or some other parameters, then I might be willing to bet on it once a sufficient enough cushion has been established.

We do have a lot of upward momentum right now, so we likely could proclaim that something like $55k will never be breached again... at least with a certain level of confidence that we might be willing to bet on it.. and perhaps giving some kind of a 1 year or 2 year timeline for the bet.

[Kelward]

Me, too. But, I think for 100K, even though it is very close, it still needs time and it could be the end of December or early January 2025. My view is that currently many are selling temporarily and in the near future we will also enter the weekend holiday period.

88K is very potential to be awaited.

You talk as if you are a bitcoin analyst and you are so sure about your predictions, there will surely be a little dip but the chances of your prediction to happen without reaching $100k in a few days or weeks is very low. As a fellow Bitcoin enthusiast, I'd advise enjoying the current bullish trend. We're nearing $100k, and considering the rapid progress, it's likely we'll surpass this milestone very soon. Let's not spoil the excitement with negative predictions, which might cause unnecessary panic among new investors... Rather than focusing on potential dips, let's appreciate the bullish ride and the opportunities it brings. After a long bear market, it's time for investors to reap the rewards.

Clearly with the way Bitcoin is rallying there's no doubt that anytime from now we'll see it's price hit $100k, and it's not a mere speculation, I believe that it'll happen soonest. This is the bull run and any analyst that is speculating next year before the $100k mark, is probably just being modest because deep down within they know that it's almost happening. Presently Bitcoin is $98,445 so where's any doubts coming from that the millennium price will drag any further before we experience it, so let nobody kill the vibe here. Anyways negative vibes can spread from doubters but it can't change what we're about to experience soon.

I'm very optimistic bro, and I can't wait to tell a couple of friends that thought Bitcoin was a big joke that "I told you so", would love to see their faces when $100k happens. You'd wonder why I'm so perticular about Bitcoin reaching $100k, it's because at the beginning of this year I was telling some friends to buy Bitcoin that I believe that it's price will reach $100k this year, and they all laughed at me, telling me that it won't happen, so I'm looking forward to proving them wrong.

Without meaning to sound boastful, I no longer think, now I know that Bitcoin is the best long term investment asset for me, a store of value that will always give me ROI at every bull run. I have phobia for being broke and not being able to accumulating Bitcoin .