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Koro-Sensei
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August 08, 2021, 03:47:41 PM
 #81

I am investing Bitcoin today even if the price is still very high and risky. I still believe in some speculation that btc will rise up to 100k$ before the year 2021 end, that is why I buy some Bitcoin and hold it till the price reach up to 100k$ may I know what are you thinking this time is it a Time to buy or hold or what ?
No one can predict nor tell what exactly could the price of the price of BTC be in end of the year. Somehow, there are various aspects that could determine the range of its possible price. I believe the price of BTC right now is in its healthy range. 40K mark up to 50K is quite healthy price for it even before the FUD spread by Elon. A 100K mark can't be achieve this year though but most probably within 2 years or so in my own analysis.
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August 08, 2021, 04:38:54 PM
Merited by The Sceptical Chymist (5)
 #82

One of the thoughts that will keep you cool in any situation if you want to buy bitcoins at any price is to think of your investment as savings. I've read several people saying the same thing probably for the same reason and I think it's the right way for you to do it.

The thing that support this thinking is that you are pretty sure of the potential for bitcoin in the future to hit $100K. Currently the bitcoin price is trading at $44K or lower than its last ATH so it is still possible to buy bitcoin and hope the ATH will rise again. Previously, if people who bought bitcoin at the peak price of late 2017 did not buy more bitcoin during the down, then they would have to wait and store their bitcoin for 3 years to cover the losses incurred as a result of the decline. There is a possibility that the losses will be covered faster if at the time of the price down they buy a lot, but if not then it will take 3 years to recover the losses.

The same thing could happen to you right now. If the price target you want to reach doesn't happen after you buy, then it will take you longer to see the $100K price come true.

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August 08, 2021, 06:18:21 PM
 #83

I am investing Bitcoin today even if the price is still very high and risky. I still believe in some speculation that btc will rise up to 100k$ before the year 2021 end, that is why I buy some Bitcoin and hold it till the price reach up to 100k$ may I know what are you thinking this time is it a Time to buy or hold or what ?

I really appreciate your positive approach towards btc growth. Bitcoin has been the trust to many investors here. One or the other day its will certainly boom up. Recent growth of bitcoin has brought in so many investors into crypto currencies and it made everyone increase their confidence on crypto currencies. Elon Musk's presence around crypto currencies, have many stuck to it now. BTC will certainly reach $100k in few years, might be before 2023.

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August 08, 2021, 08:48:06 PM
 #84

Speculations will remain as speculations unless proven or disproven otherwise. Despite this, a lot of people are believing that bitcoin will indeed reach 100k this year or Q1 of next year which is very possible considering the past year's performance of bitcoin. Still, I would like to place a disclaimer for you indicating the fact that bitcoin isn't a get-rich-quick scheme, nor is it a get-rich-guaranteed scheme of some sorts, so be sure to only invest what you can afford to lose, otherwise the detriments will be much worse for you than what you may have anticipated.
One of the thoughts that will keep you cool in any situation if you want to buy bitcoins at any price is to think of your investment as savings. I've read several people saying the same thing probably for the same reason and I think it's the right way for you to do it.

The thing that support this thinking is that you are pretty sure of the potential for bitcoin in the future to hit $100K. Currently the bitcoin price is trading at $44K or lower than its last ATH so it is still possible to buy bitcoin and hope the ATH will rise again. Previously, if people who bought bitcoin at the peak price of late 2017 did not buy more bitcoin during the down, then they would have to wait and store their bitcoin for 3 years to cover the losses incurred as a result of the decline. There is a possibility that the losses will be covered faster if at the time of the price down they buy a lot, but if not then it will take 3 years to recover the losses.

The same thing could happen to you right now. If the price target you want to reach doesn't happen after you buy, then it will take you longer to see the $100K price come true.
Would work if you are very willing to have your investments be sitting in your wallet in 2-4 years untouched, regardless of the market's movement and behavior within that timeframe. Some people will be willing to do that but for those who cannot afford losing their investments for reasons, might as well diversify your portfolios so you don't lose all your money in one basket when worse comes to worst.

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August 08, 2021, 08:53:30 PM
 #85

I am investing Bitcoin today even if the price is still very high and risky. I still believe in some speculation that btc will rise up to 100k$ before the year 2021 end, that is why I buy some Bitcoin and hold it till the price reach up to 100k$ may I know what are you thinking this time is it a Time to buy or hold or what ?
Bitcoin investment is one of the best and rewarding investment in the world. Looking at the volatility and the interface, Bitcoin can not be compared to most other financial markets or Fiat investment because of the huge profits one can make from either trading or holding Bitcoin. There are a lots of investors and traders Bitcoin had already made successful because of their skill and adoption of Bitcoin at the early stage.

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August 08, 2021, 10:16:45 PM
 #86

I think that it is time to buy right now. It is actually always time. Because you never know what will happen in the market. If you buy now and the price hits $100k in this year, you will be in a great deal of profit. You will have more than 2 times the money you invested.
The time of buying must be planned very well because if not, you're going to panic.

I do agree that the time now can also be the time for buying. But if you don't think that the price is right, you have to wait for a lowered price before buying again.

It is really $100k that's being predicted by most and we're all excited about it, whether it happens this year or not.

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August 08, 2021, 11:12:55 PM
 #87

I am investing Bitcoin today even if the price is still very high and risky. I still believe in some speculation that btc will rise up to 100k$ before the year 2021 end, that is why I buy some Bitcoin and hold it till the price reach up to 100k$ may I know what are you thinking this time is it a Time to buy or hold or what ?
Nothing is impossible , stick to the achievement you want to hope for . I also believe bitcoin will be able to reach that point. Because no one ever knows how big it will be.
Being optimistic isnt bad but you should always consider or mindful about the risk and dont go all in but if you do embrace such risk then its your choice to make.

Nothing is guaranteed when it comes to future events that might happen but we do at least have already seen its potential for a decades time which its high likely that it would

really be getting even way more higher in terms of value in near future to come.Invest on the amount that you could afford to lose as always.

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August 09, 2021, 02:11:03 AM
 #88

I am investing Bitcoin today even if the price is still very high and risky. I still believe in some speculation that btc will rise up to 100k$ before the year 2021 end, that is why I buy some Bitcoin and hold it till the price reach up to 100k$ may I know what are you thinking this time is it a Time to buy or hold or what ?
Guess what, if you had bought the Bitcoin at the time you posted this thread, you would had up to 10% profit.

Even though the price is slightly down -2K in past 2 days but it seems promising to take care of. Other altcoins also giving same sign as well, so might want to watch out and prepare your money if you want to invest some to Bitcoin.

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August 09, 2021, 03:27:43 AM
 #89

if you buy bitcoin at a price of $ 30k you shouldn't have to hold on too long because now you have made a pretty big profit. you believe in predictions like it doesn't matter because it's your right, but what you need to know a trader should not be greedy. you must be able to secure the profit you get then return to waiting for the right moment to buy.

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August 09, 2021, 06:29:10 AM
 #90

I think that it is time to buy right now. It is actually always time. Because you never know what will happen in the market. If you buy now and the price hits $100k in this year, you will be in a great deal of profit. You will have more than 2 times the money you invested.
Above 40k is not the price to buy, unless you are willing to take the risk that prices will touch 60k. Whenever bitcoin price falls, the shorts tend to come in and then price rises, this is contrary to what people think will happen but the futures market ends up forcing the spot markets to move.

This is not an easy step to take for someone new to crypto and willing to hold on to a possible 20k USD loss. But it is true that the chance is there still missing it would not mean you lost anything.

if you buy bitcoin at a price of $ 30k you shouldn't have to hold on too long because now you have made a pretty big profit. you believe in predictions like it doesn't matter because it's your right, but what you need to know a trader should not be greedy. you must be able to secure the profit you get then return to waiting for the right moment to buy.
30K was a good price to buy but it has been crossed now and I dont think they have a chance of getting in at 40k anymore. But I agree that securing profits and getting out from time to time is necessary for people to keep up their morale.

 
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August 09, 2021, 02:23:53 PM
 #91

No need to speculate, I believe bitcoin will reach 100k$. But not this year it is possible but very difficult ,what you need to do is buy bitcoin when you can and hold them for as long as possible. Be patient and don't panic when the bitcoin price fluctuates in the short term.

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August 09, 2021, 02:40:01 PM
 #92

No need to speculate, I believe bitcoin will reach 100k$. But not this year it is possible but very difficult ,what you need to do is buy bitcoin when you can and hold them for as long as possible. Be patient and don't panic when the bitcoin price fluctuates in the short term.
no one knows when it will happen, but the possibility of hitting $100k is wide open. and the question is when is a good time to invest, I think the answer can be done at any time, as long as we have free remaining money without fear of being used for other purposes. so we just have to wait patiently, and when it feels like enough, I think it would be better to avoid greed

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August 09, 2021, 11:33:47 PM
 #93

We may or we may not see Bitcoin to be hitting $100k dollars until the end of this year 2021 for we will be still having couple of months remaining and on that span, we can really never tell what can happen if Bitcoin will be soaring high or remain low. But it is good that people are having initiative on investing into Bitcoin as of the moment to be able to early adapt if ever such thing will come within this year or earlier next year. The important thing is that you have already made a move on which you have chosen to invest while you still can afford.

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August 09, 2021, 11:58:45 PM
 #94

No need to speculate, I believe bitcoin will reach 100k$. But not this year it is possible but very difficult ,what you need to do is buy bitcoin when you can and hold them for as long as possible. Be patient and don't panic when the bitcoin price fluctuates in the short term.
no one knows when it will happen, but the possibility of hitting $100k is wide open. and the question is when is a good time to invest, I think the answer can be done at any time, as long as we have free remaining money without fear of being used for other purposes. so we just have to wait patiently, and when it feels like enough, I think it would be better to avoid greed
We are already half-way there and we had been trying to accumulate bitcoin as much as we can because we do know the potential and its been already a decade and we've seen
on  how far it did able to reach out.We should really be mindful  about the risk because having lots of source of  income would be much better rather than on focusing into one.
Crypto investment is risky but really worth to put up some  bucks if you do really have money something to spent. Not only focusing in crypto but also in stocks,bonds as well.
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August 10, 2021, 08:41:06 AM
Merited by The Sceptical Chymist (3)
 #95

Would work if you are very willing to have your investments be sitting in your wallet in 2-4 years untouched, regardless of the market's movement and behavior within that timeframe. Some people will be willing to do that but for those who cannot afford losing their investments for reasons, might as well diversify your portfolios so you don't lose all your money in one basket when worse comes to worst.
There may be some point in it that are justifiable and have been advised many time not to keep all asset in one basket and that is part of how to secure your bitcoin asset.

Although basically we all don't know the future of bitcoin, but I don't think we need to doubt its potential as a currency as well as an investment asset. We just need to doubt whether the way we secure our bitcoin wallet and asset is correct or not. Bitcoin will always have value if there is still demand and supply and apart from trading and investing, the use of bitcoin as a currency is also growing from time to time.

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August 10, 2021, 12:36:20 PM
 #96

I am investing Bitcoin today even if the price is still very high and risky. I still believe in some speculation that btc will rise up to 100k$ before the year 2021 end, that is why I buy some Bitcoin and hold it till the price reach up to 100k$ may I know what are you thinking this time is it a Time to buy or hold or what ?
Everybody is thinking always the positive side Smiley
Everybody always thinks that Bitcoin will reach a hundred thousand dollars by the end of the year.

There is nothing wrong with it actually but at least consider also the negative side of it too Smiley. What if it doesn't go the way you want to be are you ready for it?? If yes then just buy today or anytime that you want if you're ready whenever the worst situation happens. If you thinks that Bitcoin will go to $100,000 this year then buy at all cost because after all if it hit that price then you will be at a huge profit. Just be ready if Bitcoin went down below your buying price. Know to hold and be ready when it needed the most Smiley.

 
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August 10, 2021, 02:03:38 PM
 #97

No need to speculate, I believe bitcoin will reach 100k$. But not this year it is possible but very difficult ,what you need to do is buy bitcoin when you can and hold them for as long as possible. Be patient and don't panic when the bitcoin price fluctuates in the short term.
no one knows when it will happen, but the possibility of hitting $100k is wide open. and the question is when is a good time to invest, I think the answer can be done at any time, as long as we have free remaining money without fear of being used for other purposes. so we just have to wait patiently, and when it feels like enough, I think it would be better to avoid greed

What happened to the current bitcoin price was considered impossible a few years ago, many are pessimistic that the bitcoin price can pass $20k like 2017, with this fact I'm optimistic the price of $100k can happen a maximum of a year from now.

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August 10, 2021, 04:23:23 PM
 #98

No need to speculate, I believe bitcoin will reach 100k$. But not this year it is possible but very difficult ,what you need to do is buy bitcoin when you can and hold them for as long as possible. Be patient and don't panic when the bitcoin price fluctuates in the short term.
Well, there's still a lot of months left for this to happen and we know that bitcoin can spurt in the last minute, remember that the pump from last year wasn't happening until December. For me, I think it's a good time to buy even if the price is 100k USD because bitcoin market only goes up and if you hodl long enough, your investment will eventually return.
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August 10, 2021, 04:26:10 PM
 #99

As long as your investment is long term I think it will bring positive result in the long run, I don't see any other investment that will be profitable and easy to manage as btc investment, anyone can manage their investment from the comfort of wherever they are, aside that, investment involves risk as much too, all you need is invest according to your ability.

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August 11, 2021, 01:20:10 PM
 #100

I guess there's no the right time, if you really think that the price will go to $100k then of course it's best to buy now, and hold it until $100k. If you wait for any longer, the price might go up. I learned it from my experience, i know that it will go up, but i'm being a bit greedy wanting to earn more profits, so i think i'll wait more and more until the price gets lower. However, it turned up that after thinking like that, the price went up quite high and never went down again. Thus, i had to buy it with a higher price than what i initially wanted. Because i wait too long. So, better buy and hold now, don't wait for low price too long, we can never know when the price will be low too.

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