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Author Topic: Road to 100k?  (Read 15460 times)
CoinFoxs
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August 12, 2024, 02:56:21 PM
 #1201

The thead was started in March and it’s been almost 6 months but bitcoin still trading between 50,000 USD to 60,000 USD so to cross 100k USD milestone for btc seems difficult in this year because the world is facing economic crisis. May be in next year this milestone will achieve by bitcoin!
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August 12, 2024, 03:23:46 PM
 #1202

The thead was started in March and it’s been almost 6 months but bitcoin still trading between 50,000 USD to 60,000 USD so to cross 100k USD milestone for btc seems difficult in this year because the world is facing economic crisis. May be in next year this milestone will achieve by bitcoin!
You may right in your prediction. In this concern I think if something is easily achieved we often fail to appreciate it. When Bitcoin was in a long run between 25k and 29k a few months ago, there was an expectation that the market would do well if it rose to $40k. There was a bit of delay but Bitcoin crossed $40k and quickly crossed the previous all time high which didn't take much time. It was hard to imagine that Bitcoin would reach that stage so quickly. But we have been expecting Bitcoin $100k for a long time. But getting to $100K of Bitcoin won't be easy. I don't know if it will happen this year, but maybe a big bullish trend will start after the next election. But we can be sure that the longer it takes for Bitcoin to hit $100k, It will be more stronger.

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August 12, 2024, 04:17:28 PM
Merited by JayJuanGee (1)
 #1203

The thead was started in March and it’s been almost 6 months but bitcoin still trading between 50,000 USD to 60,000 USD so to cross 100k USD milestone for btc seems difficult in this year because the world is facing economic crisis. May be in next year this milestone will achieve by bitcoin!
We will not know when bitcoin goes to $100K but now bitcoin is heading to $100K whether when the time is we can only wait until the time comes, and indeed now is experiencing an economic crisis seeing some of the news that is aired this can also be attributed to the war between countries that never finish.

Next year there may still be hope for $100K, so accumulate while the price is still in the $50K and $60K area, this is a good opportunity for us to increase bitcoin more in any way, some consider this to be high but for me it is still low.

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August 12, 2024, 05:30:48 PM
Merited by JayJuanGee (1)
 #1204

The thead was started in March and it’s been almost 6 months but bitcoin still trading between 50,000 USD to 60,000 USD so to cross 100k USD milestone for btc seems difficult in this year because the world is facing economic crisis. May be in next year this milestone will achieve by bitcoin!
We will not know when bitcoin goes to $100K but now bitcoin is heading to $100K whether when the time is we can only wait until the time comes, and indeed now is experiencing an economic crisis seeing some of the news that is aired this can also be attributed to the war between countries that never finish.

Next year there may still be hope for $100K, so accumulate while the price is still in the $50K and $60K area, this is a good opportunity for us to increase bitcoin more in any way, some consider this to be high but for me it is still low.
We cant say on when it would happen but pretty much sure that this is something that will really be an inevitable price on which just like on what everyone is saying that we arent still on a bull run yet on which it would really be that just normal that there would really be those people who would really be that hesitating on investing just because they cant be able to bare up with the volatility on which Bitcoin is showing. If its really your first time or simply you are really just that new into this market then you would really be definitely be having this kind of reaction. $100k is really just that not too far away but there's no such fixed date on when we would really be able to touch up this area. Tons of fundamentals or sentiments that we are seeing around on which it might cause for the price to have these dips or corrections.

The thing that you should really be gonna doing is not to make yourself that being too much in a hurry because it will really be just make you stressed and its not something that would really be good
for your health. Just make it sure that you are really just that investing for the amount that you can afford to lose and dont tend to check out every now and then in regarding
into your portfolio so that you wont be making yourself that getting impulsive when the market would really be crashing.

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August 12, 2024, 06:15:27 PM
 #1205

The thead was started in March and it’s been almost 6 months but bitcoin still trading between 50,000 USD to 60,000 USD so to cross 100k USD milestone for btc seems difficult in this year because the world is facing economic crisis. May be in next year this milestone will achieve by bitcoin!

despite that we all are making speculation of the price of Bitcoin but it doesn't mean that a targeted milestone cannot be achieved, anyone who believes in the volatility of Bitcoin and has observed the fluctuations of prices in the past will not doubt the price of Bitcoin being able to reach $100k this year so we should be confident, optimistic and HODL our Bitcoins and should not allow any of the recent developments in the price to move us to panic selling only then can we achieve the milestone of Bitcoin hitting $100k but we don't need to be too concerned about Bitcoin reaching $100k since our goal is to accumulate and HODL for future and long term benefits.

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August 12, 2024, 06:39:15 PM
 #1206

The price of Bitcoin is constantly increasing and sometimes dumping is normal, if such dumping is to create opportunities for investors to invest, all investors can use these dumpings to make their money in the investment sector. So such a dumping in Bitcoin market is not really a matter of disappointment and it recovers again. But if you think from other angles, you will realize that such a situation is possible only with Bitcoin.  
So the price of Bitcoin will definitely hit 100 is very likely to happen later this year, this may be the last dumping of the bull run, from now on only the Bitcoin market will see improvement. And you start doing DCA method in this method money and bitcoin can be added very easily.
We may see temporary dumping and pumping in the market but we should invest considering the overall market without getting excited about this temporary dumping and not getting too excited about temporary pumping. For those of us who plan long-term investments, investment decisions may be very easy because at any point in the process an investor can invest. Many of us get upset when the market temporarily dumps after we invest, but we can think of this temporary dumping of the market as an alternative. 

Like I already have some amount of investment and after having that investment the market dump a lot then we should invest more money at that time because from that level of price when bitcoin will pump again but we will be in enough profit. 

There is no reason to think that investing will always make a profit because investing will not always guarantee an investor a profit. Many people invest in fixed time plans and there are some investors who invest based on the market value. As my plan is when bitcoin price hits 100k dollars I will sell my investments and in second phase reinvest in long term plan. I am getting many indications that the market will touch 100k dollars and I have enough confidence in the market that I will hold my bitcoin until the price of bitcoin touches 100k dollars and when I have money I will increase my investment.

If I can invest in this way and if the investment is consistent as per the plan then surely I will reach my goal.

I suppose guys can do whatever they like, yet your plan sounds a bit psycho.

Your ultimate goal seems to be to invest into bitcoin for the long run, so you are largely stacking up right now, and potentially at several price points before $100k, and then when bitcoin either gets close to $100k or perhaps goes over $100k, then you are going to presumptively sell everything in order that you can buy back at a lower price... and so then after you buy back, thereafter you would presumptively be in bitcoin for the longer term (and maybe you will continue to trade from time to time, but at this time, you are not sure of the price points for your future trades in similar kinds of ways as you currently have confidence in your planned $100k-ish trade)... yet even with your $100k-ish trade I wonder if you have ideas at what price points you would be buying back. or would it be one price point, since you might be wanting to play BIG or go home since you are so confident in your vision about what the BTC price is going to do in the next couple of waves.. 

Presumptively you are engaging in trading because you consider there to potentially be "free money" on the table, and no one can really tell you otherwise.

Long term investors do not attempt to fuck around with their BTC stash in such a way because it causes a few problems.  First is the one I already described of getting the trade right or even close to right. Second its that you get into a wrong kind of mindset instead of ongoingly accumulating bitcoin you are waiting around trying to figure out a kind of ideal time to get out and then get back in.  Third, being out of bitcoin tends to be stressful, especially for folks who actually are aware of bitcoin's sometimes tendency to do staircase uppity price moves.

Anyhow, you do what you like with your trading/gambling inclinations.  I am mostly writing this post for the general investment-inclined audience rather than trying to convince any traders not to trade/gamble, yet sure, there could be some trader/gamblers who actually might recognize and/or appreciate the dilemmas of trading.. and perhaps become less inclined to be fucking around with their bitcoin, which is already largely understood as one of the best (if not the best) of assets to hold.

I don't disagree with what you are saying; however, it does seem that you skipped the most important consideration, which is investing within the boundaries of your discretionary income..., which also should mean that the discretionary income that you use is income that you don't need for 4-10 years or longer.. which means that it is also money that you are willing to completely lose in the event that bitcoin were to go down rather than UP.
Under normal circumstances, investing the amount of money that you can put away for such a long duration of time like 4-10 years as you mentioned, but the crisis most time arise from situations where the investor put down money that they need for immidate expenses into investing in bitcoin and at that they will be under pressure when bitcoin noise dive backwards, this are the set of bitcoin investors that are always at pressure to see bitcoin rise immediately after they investment, but bitcoin doesn't work that way and even though sometimes bitcoin can give an immediate profits on investment, that is not a guarantee for anyone to invest the amount of money that they can not risk to lose or look away from for a long time to see the investment appreciate in it value with time.

Recently, I was trying to address this kind of an issue in a couple of posts of mine, and surely most of us should be able to recognize that we should not even be attempting to take chances with what we might need with our immediate expenses, including perhaps projecting out 3-6 months worth of expenses cashflow that we need (and yeah, we might already have a certain level of confidence regarding how much money we have coming in for the next 3-6 months so sometimes we could invest with some of our anticipated future discretionary income that is coming in, but yeah, sometimes guys cannot resist to invest more and to sometimes take additional chances with money that they need for expenses).

The other categories would be various kinds of reserve funds that a guy might have, so in that regard, the guy may well be o.k. to invest into bitcoin for his saving for a bicycle for his kid, but he might consider the savings for a new car to be more urgent, and he is not willing to take chances with those perceptibly more urgent saving reserves.

Sure no one invests in bitcoin or in any other kind of an investment with an intention of losing money, yet part of the way of assuring an ability to stick with an investment through the ups and the downs is to use extra money that you don't need for expenses.
For bitcoin unlike other investment where it loses can result into 100% lost of investment, bitcoin only take time, that is even though you at lose at the moment, if you continue holding to your bitcoin accumulated holdings, with time , the value will increase, recover and you be in profits again, so in bitcoin time is very important and what differentiates the loser from gainers in bitcoin investment is the amount of time they both are willing to wait to see they expected profits comes, but the weak hands won't accept the principle of waiting for bitcoin to recover the rush to sell when the market goes against them, that is why they lose they invested capital.

I get what you are saying.. that the odds are quite great that bitcoin is going to recover from whatever downswings that it has, and sometimes bitcoin can go through what seems to be quite extensive downward periods that can cause concerns in regards to how much it is going down and/or its failure to go up... .. but still, your implication of guarantee to go up (even though you are not quite saying that) seems a bit problematic, since every single investment has a variety of downside scenarios.. and yeah, sure we do not necessarily need to overly emphasize bitcoin's negative scenarios, even though they exist and we cannot completely take them for granted when we are figuring out both position size also how much we might continue to buy during bitcoin price suppression periods.. and surely we have to survive.. which could even mean that some time bitcoin could go down for a couple of years and we start to consider that the bottom is in, but then it might have another 2 years of down, after maybe we might have gone all in or even engaged in some kind of a leveraged long because we might become overly confident that the bottom is in, when it ends up not being in... so no matter what, each of us has to make sure that we survive, including that there could end up developing some outrageously crazy continued downside scenario, and we should attempt to protect ourselves from those kinds of scenarios even if they are low likely events, yet we can still protect ourselves from very negative events like that by making sure that we moderate our position size and truly consider that we are willing to lose whatever we had ended up investing into bitcoin over the years, even if we might have had been investing for 1-2 cycles, the down period could end up coming after we have already established a quite large position in bitcoin, and sure if bitcoin's investment thesis does not really meaningfully change, we might continue to buy bitcoin, but we have to keep enough cash on hand or to make sure that we have cashflow(s) to get through those kinds of periods, even if they might end up being outrageously stressful.

Even my own bitcoin holdings likely shows that I follow a practice of fairly aggressively being prepared for BTC going UP in ways that are way more biased towards up than towards down, yet I still try to maintain systems that I want to make sure that I am not easy to blow up, either in terms of my finances or in terms of my psychology... so even now, there is some level of preparation that we could go down from here and the top is in for the cycle (referring to our already hit $73,749 of March), yet of course, at the same time, I consider that we remain in a bullmarket which means that the upside scenarios are more likely than the downside scenarios, even if the difference might only be 51/49.. so it could take quite a bit for me to start to consider that maybe the bull market is over, which might even mean getting close to the 200-WMA and stagnating there or below that point (which the 200-WMA is currently just below $38k)...

but yeah, the more likely situation right now is that these bouncing arounds in the $50ks or even lower $60ks continue to be (and should be) accumulation periods for a whole hell of a lot of folks who actually have any clue about bitcoin.. and there likely is no need for me to rehash my ideas in regards to something in the ballpark of 99% or more of the world's population not having any or much of any BTC, so there are a large number of folks still in need of BTC stacking, and most of them are likely going to be buying BTC much higher, probably in the supra $100k prices... maybe even $120k-ish might be our future low price areas.... but yeah, who knows?  We shouldn't be getting too far ahead of ourselves in terms of gong from where we are at right now... even though there might well be several of the guys here who have already been stacking for 2-3 years who will find themselves continuing to build their BTC portfolios in the supra $120k price levels merely based on the fact that they ONLY have so much cashflow that regularly comes in, and many guys have to stack sats (or otherwise invest) for close to 10 years or longer before they really get to a place of meaningful wealth, even if they did most of the right things and even if they were so insightful as to stay focused on bitcoin rather than getting distracted into various inferior assets...

Also, it seems to me that there can be ways that we can really appreciate the possibility of various downside scenarios in bitcoin, yet at the same time, recognize bitcoin's exponential s-curve adoption aspects that contribute to its being a great asymmetric bet in which as long as you do not leverage, the most that you could lose would be 100%.. but the upside scenarios still remain the dynamic that bitcoin is likely around 1,000x better than gold yet currently only trades around 1/15th of gold's price..... even though it could take 50-200 years for bitcoin to actually reach fair market valued relative to gold... perhaps? perhaps?

Then talking about those sets of investor that invest more, by investing money they can't do away without, to me, it's just a matter of time, once that financial leverage they have at that time is over, they will be forced to temper with their investment, because that pattern they are using, by investing an amount they can't do away without, will definitely not be sustainable on the longer run.

Yes.  You seem to be referring to a situation in which trading might devolve into a kind of gambling because it gets so extreme that funds are being used that goes beyond discretionary funds, and maybe some traders can control the level under which they might add extra BTC purchases to their holdings in terms of wanting to attempt to play an upcoming eventual wave - yet many times, the guys who believe that they are adding safe funds and might even believe that they are trading safely, they likely are not sufficiently keeping enough of their various kinds of back up funds, so that when they end up making a mistake, they do not have actual cash to cover their mistaken use of the funds they need for expenses.  Guys might not even realize the extent to which they are not having enough of a financial cushion, and surely so many of us (for sure including poor people) remain tempted into making sure that our cash is "working" for us, which ultimately lures us into failure/refusal to keep enough reserves in cash or to otherwise assure that we are going to not have to sell any BTC at a time that is not completely of our own choosing.

Sure, there is no amount of money we can afford to lose, but the reason why people say they should invest the amount we can afford to lose is because of the risk that comes with bitcoin investment. There is the possibility of losing money, so we would rather use a small portion of the money we have in bitcoin investment because of the longevity.
You're right, no one wants to lose money on an investment. However, there is a saying that we should invest what we can afford to lose, which means that even if we lose money, it will not affect our budget for other things, there is risk in Bitcoin investment, but people say we should only invest the money we can afford to lose because some people like to take huge risks in their lives, such as selling properties they will need shortly to invest or using their life-saving money, so if something goes wrong and they lose the money they invest, I don't think they will have another place to recover the money they lost. That is why they always suggested investing what you can afford to lose or investing for your children's future, otherwise, no one would be satisfied if they lost a dime in trading.

There surely is a need to actually put the theory into practice, and your example of someone who might have had sold a property, and so they might already calculate that they hare going to need some of the proceeds of that sale within 1-2 years or some short period of time, and then there might be some other portion of the proceeds that they might not need right away, yet they end up failing/refusing to really engage in a proper calculation regarding the various timelines that they are going to need various aspects of the funds, so maybe they would end up putting 80% into bitcoin and spending 10% on various consumption and maybe holding onto the other 10% or investing that other 10% into something else, yet if they had done a more detailed, thorough and realistic analysis, they might have had discovered that they are really ONLY able to invest about 20% to 35% into bitcoin, since they actually need another portion of that for other matters, and maybe they should have not consumed with 10% of the funds and maybe limited their consumption to less than 5% of the funds, so there may well have been several ways that they ended up investing way more than they could afford to lose into bitcoin since they failed/refused to really consider the reality of the matter in terms of bitcoin being a 4-10 year or more investment timeline, so they should really consider that once they put the money into bitcoin they are not going to be tapping into it until way down the road... .

and so if they need decently amounts of that money within less than a 4 year timeline, they should not be putting it into bitcoin.. and even if they feel that they need the money in 4 years, they might be careful in terms of putting all that they need in 4 years into bitcoin, yet surely these are discretionary matters that people will end up getting wrong because they end up not really thinking through the ramifications of how they are allocating their money and how much their money might end up getting tied up depending on where it is put..

I am not even going to claim that I know the right answer regarding how much thinking a person needs to do regarding where they put their money and how well they consider that they are going to need parts or all of the money at certain kinds of timelines, especially since there can be quite a bit of variance in regards to these various considerations including potentially the satisfying of others and/or even potentially some quasi-unknown ways that they might want to have available for themselves if they were to keep the money available rather than locking it up into bitcoin. And, yeah, some folks seem to erroneously think that they can actually invest into bitcoin in less than a 4-year timeline, and they really cannot get their own temptations to play the wave out of the way that they are thinking about bitcoin, which may or may not end up working out for them if they end up using money they need in such a way that they should realize that they are playing what they perceive to be the bitcoin wave with such money.

[edited out]
Some persons just like gambling with their investment and the reason why I say this is because it's naturally unwise to do anything with money you have kept for your basic needs and I believe that's the mindset of a gambler because if you are actually investing for a long-term purpose then you would know that one day temptation or the use of that of money you gambled with on buying Bitcoin will still come and hit back at you and you will be forced to temper with your coins.

That is part of the subliminal deal that so many folks do not believe that they are gambling, even when they are.  They might even think that they are being conservative because they are playing something like a 2 year timeline, or some other under-informed idea regarding how they believe that they are "playing it safe" when they aren't... they had not thought through the ups and the downs, and they overly weighted the ups, without actually realizing that they were engaged in such a process of overly weighting the ups.

The thead was started in March and it’s been almost 6 months but bitcoin still trading between 50,000 USD to 60,000 USD so to cross 100k USD milestone for btc seems difficult in this year because the world is facing economic crisis. May be in next year this milestone will achieve by bitcoin!

You've been registered on the forum nearly as long as me, and you seem to still to have not figured out bitcoin.

Hopefully, you are not failing/refusing to accumulate bitcoin based on your seemingly bad assessments of its price performance potentials.

I did a quick glance at your earlier forum posts, and I see you spent a decent amount of time in gambling sections, so you might not really understand the idea of BTC accumulation. .that helps to get folks to a kind of status in which they are sufficiently/adequately prepared for UP, even if they might not be 100% confident in UP taking place, yet since bitcoin is such a great investment, each of us who know about bitcoin should be attempting to sufficiently/adequately prepare for up.. just in case, even if we might be somewhat skeptical of king daddy's ongoing existing (and real) uppity potential.

Just think of your own scenario, if you had been merely accumulating in the ballpark of $20 per week of bitcoin since the time of your forum registration, you would have had invested right around $10.5k and you would have had accumulated nearly 8.2 BTC.  Surely not a bad place to be, and hopefully whatever you have been doing, including your maintaining pessimistic sentiments about bitcoin's uppity potentialities has been paying off for you at least as well as a BTC accumulation and/or investment strategy.   

The thead was started in March and it’s been almost 6 months but bitcoin still trading between 50,000 USD to 60,000 USD so to cross 100k USD milestone for btc seems difficult in this year because the world is facing economic crisis. May be in next year this milestone will achieve by bitcoin!
You may right in your prediction. In this concern I think if something is easily achieved we often fail to appreciate it. When Bitcoin was in a long run between 25k and 29k a few months ago, there was an expectation that the market would do well if it rose to $40k.

And, a lot of those guys got fucked who were selling their BTC at various prices in the $30ks and even in the $40ks when we largely went straight up from about $25k/$26k-ish in late October 2023, and then once we crossed over $52k-ish in February 2024, there has been no going back.. absent our little price dip from last week - and who knows if we are going to get any more of those kinds of price dips even into the lower $50ks as some folks might currently be hoping for.. whether realistic or not... and the punchline still seems to be that folks accumulating BTC in the past year-ish are likely way better off than those folks trying to play price waves, even if there might have been some of them who were able to successfully play BTC's price waves of the past year... yet why even screw around with trying to play such price waves when the BTC price trend has largely been UP, and it should have had been a lot less stressful to error on the side of just ongoingly accumulating bitcoin through various buying techniques rather than getting distracted into speculating that there might be a way to sell bitcoin in order to accumulate more of it.. especially if BTC accumulation might have been the end goal (surely to me it seems that BTC accumulation remains a pretty smart goal for anyone who might be able to figure out to have at least a 4-10 year timeline in regards to any such BTC buys that s/he might have had been making.

There was a bit of delay but Bitcoin crossed $40k and quickly crossed the previous all time high which didn't take much time. It was hard to imagine that Bitcoin would reach that stage so quickly. But we have been expecting Bitcoin $100k for a long time. But getting to $100K of Bitcoin won't be easy.

You made some decent points, then then you make the eye-rolling claim that getting to $100k is not going to be easy, as if $100k is even any kind of a meaningful number besides it being a round number that a lot of folks like to get excited about... Given your registration on the forum for several months longer than me, you should have been around the bitcoin block enough times to be able to recognize and appreciate the arbitrariness of $100k as any kind of target that any of us should really be concerned about, even if there are so many folks who seem to be getting so obsessed with such arbitrary target that is ONLY around 66% higher than current prices ($60k-ish) and also around 35% higher than our March 2024 ATH of $73,794.

Hopefully, you are not failing refusing to be sufficiently prepared for $100k plus prices and hopefully you are not so short sighted as to consider $100k to be some kind of a top-ish kind of a price, otherwise you are likely to have fun staying poor in the event that you have been failing/refusing to sufficiently stack sats in the last 10-ish years.

I don't know if it will happen this year, but maybe a big bullish trend will start after the next election. But we can be sure that the longer it takes for Bitcoin to hit $100k, It will be more stronger.

That is also a dumb statement to consider that consolidating in these prices  (let's say largely between $55k and $71k) causes $100k to have more resistance, which also causes me to consider that you have been failing/refusing to stack sats in the past 10 years, and likely continuing to make the same mistake over and over and over. .which is underplaying bitcoin's upside potential, which truly any of us should be able to recognize and appreciate by looking at charts going back in the past 10-14 years, and even though bitcoin's historical price performance does not guarantee future results, we should also understand and appreciate that bitcoin's investment thesis is not getting any weaker, even if likely there are some decreases in its upside potential in regards to percentages of price appreciation, yet bitcoin's ongoing direction should still be appreciated without getting overly worked up about relatively arbitrary numbers, such as the $100k threshold that you are seeming to get discouraged by.     But, hey whatever.  You do what you want, including if you don't have plans to accumulate more BTC (in case you don't have enough - which from your comment, it seems that you probably don't have enough), and if you have plans to shave some profits off of your already mediocre (and likely way less than it could or should be stash of cornz). 

The thead was started in March and it’s been almost 6 months but bitcoin still trading between 50,000 USD to 60,000 USD so to cross 100k USD milestone for btc seems difficult in this year because the world is facing economic crisis. May be in next year this milestone will achieve by bitcoin!
We will not know when bitcoin goes to $100K but now bitcoin is heading to $100K whether when the time is we can only wait until the time comes, and indeed now is experiencing an economic crisis seeing some of the news that is aired this can also be attributed to the war between countries that never finish.

Next year there may still be hope for $100K, so accumulate while the price is still in the $50K and $60K area, this is a good opportunity for us to increase bitcoin more in any way, some consider this to be high but for me it is still low.
We cant say on when it would happen but pretty much sure that this is something that will really be an inevitable price on which just like on what everyone is saying that we arent still on a bull run yet on which it would really be that just normal that there would really be those people who would really be that hesitating on investing just because they cant be able to bare up with the volatility on which Bitcoin is showing. If its really your first time or simply you are really just that new into this market then you would really be definitely be having this kind of reaction.

Surely there are folks who fail/refuse to sufficiently appreciate that bitcoin continues to be in a bullmarket, so they get distracted into considering corrections within a bull market as if such corrections were to remove bitcoin from its overall bullmarket, merely because the corrections might feel BIG or might feel like they are lasting a long time.

I am not sure whether you, milewilda, might be getting sucked into such distracting ways of thinking about where bitcoin prices are at currently.. and yeah, I will concede that the bouncing in and out of a bullmarket and  into a bear market remains quite a bit of a delayed indicator, so we surely might not realize that we had bounced into a bear market until it becomes too late to do anything about it... so for example, if the BTC price might get down to the 200-WMA and/or even stay around that price for a decent amount of time, then it could well be the case that we had transitioned into a bear market, and right now the 200WMA is just below $38k.. another thing is that my own assessment of what kind of a BTC price threshold might contribute to concluding that we had gone into a bear market could be wrong.. so sometimes there could be others who are more accurate in coming to such assessments.. and surely I don't claim to either be an expert or a person who employs much if any technical analysis, even though I am not completely unaware of some of the technical analysis ideas that might sometimes become healthy in terms of framing how to think about current BTC price dynamics.

$100k is really just that not too far away but there's no such fixed date on when we would really be able to touch up this area. Tons of fundamentals or sentiments that we are seeing around on which it might cause for the price to have these dips or corrections.

Yep..  We are surely within touch of $100k currently, and yeah, there can be various kinds of short-term BTC price dynamics that are putting negative price pressures on BTC while at the same time the UPpity price pressures might be going on simultaneously.. and so which one is going to win the day in the short term or in the medium term and even in the end, we cannot have a whole hell of a lot of confidence regarding placing a date upon when the BTC price is going to reach $100k and above, so surely BTC prices goes through legs of momentum, and frequently it is difficult to proclaim knowledge about the direction of some subsequent BTC price leg, prior to the current BTC price leg working itself out... The more BTC price legs that any of us attempt to call in advance, the more chances that we are going to end up NOT being correct... so even being able to successfully proclaim confidence about how our current BTC price leg might end up working itself out (which truly might not be much more than a 50/50 call), that still would not lead very much credence in being able to call the next leg in which it becomes quite likely even with relatively strong predicting skills, the best that anyone might be able to do is to have around 30%-ish odds of getting the second leg correct.

The thing that you should really be gonna doing is not to make yourself that being too much in a hurry because it will really be just make you stressed and its not something that would really be good
for your health. Just make it sure that you are really just that investing for the amount that you can afford to lose and dont tend to check out every now and then in regarding
into your portfolio so that you wont be making yourself that getting impulsive when the market would really be crashing.

I cannot really tell what you mean by how any of us should be reacting to our perceptions that the BTC price is crashing, and when we might not be able to figure out where there might be a bottom to the correction.  Surely some guys just HODL through it, yet other guys might still be regularly accumulating BTC, so they might either have a buy that is scheduled to come, and they might attempt to adjust the date of their BTC buy in order to account for their perception of the BTC price seeming to crash, or they might just stick to whatever dates that they had already set up for their BTC buys... So there can be varying levels of systems that are in place and even potentially some flexibility within such systems that a guy might already have in place.. For sure, dealing with these matter from a perspective of someone who mostly either just buys or holds is likely a bit more straightforward than someone who might also attempt to incorporate selling into the systems that he has in place.. and surely, I am not even against guys having systems that include both selling and buying, especially for any guys who might have been in BTC for a long enough time that they have already largely accumulated a decent sized BTC stash within the parameters of their own financial and psychological particulars.. .which could be measured based on the size of BTC in light of their expenses, such as having several  years worth of expenses within the value of their BTC holdings or perhaps measuring in terms of the size of the bitcoin holdings as compared with other assets and/or currencies that they hold... or some guys might have other ways of figuring out their own satisfaction regarding how they assess their already existing BTC accumulation levels.

The thead was started in March and it’s been almost 6 months but bitcoin still trading between 50,000 USD to 60,000 USD so to cross 100k USD milestone for btc seems difficult in this year because the world is facing economic crisis. May be in next year this milestone will achieve by bitcoin!
despite that we all are making speculation of the price of Bitcoin but it doesn't mean that a targeted milestone cannot be achieved, anyone who believes in the volatility of Bitcoin and has observed the fluctuations of prices in the past will not doubt the price of Bitcoin being able to reach $100k this year so we should be confident, optimistic and HODL our Bitcoins and should not allow any of the recent developments in the price to move us to panic selling only then can we achieve the milestone of Bitcoin hitting $100k but we don't need to be too concerned about Bitcoin reaching $100k since our goal is to accumulate and HODL for future and long term benefits.

I appreciate the overall sentiment of your post Cryptoprincess101, yet even though you did not use exact words of "guaranteed," you seem to be suggesting that BTC prices are somewhere close to being guaranteed to reach $100k this year and/or this cycle. 

Sure I have no problem considering the idea that sooner or later BTC prices have decently large chances to go to $100k and beyond and even to make such claims regarding way higher prices such as $600k (around the market cap of gold) or 10x, 100x or 1,000x higher than gold, yet putting timelines on such beliefs seem quite problematic or even suggesting that such BTC price appreciation matters are even close to guaranteed, also seem to be quite problematic, even though surely I frequently proclaim that bitcoin is in the ballpark of 1,000x or greater valuable than gold, yet still it could take 50 to 200 years for such price valuations to work themselves out... if ever..

By the way, one of the downsides of expressing confidence in levels that are close to 100% in regards to bitcoin either reaching $100k this year or even this cycle is that you should be ready, willing and able to place your money where your mouth is, and surely if you are not investing into bitcoin as if it were 100% guaranteed to reach $100k this year or within this cycle, then it is likely that you really do not believe what you are saying, and if you actually really do believe 100% that bitcoin is going to reach $100k this year or this cycle and you are also matching your investment into bitcoin with that belief, then I would proclaim that you are a degenerate and delusional gambler rather than an investor.

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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August 12, 2024, 09:38:08 PM
Merited by JayJuanGee (1), mvdheuvel1983 (1)
 #1207

[edited out]
Well spoken because as an investor having the boundaries concerning there discretionary income is very important since is mostly the money they can put in for 5 to 10 years so is very important for someone to focus on that instead of putting more than they can afford, though is very unfortunate that most people do not understand what the discretionary income is all about because most people have so much expectations from there discretionary income with the believe that it will yield them a huge profit within a short term, though I'm not saying that people should not expect profits but like you said it should be something that the investor should perceive on two dimensions either it turn out profiting them at the end or not because that alone will certainly build the persons mindset to accept any outcome without being too much emotional.

Investors can be very aggressive within their disposable/discretionary income, even using 100% of it to invest into bitcoin, yet some of the problems would come from potentially calculating their disposable income incorrectly including keeping in mind that they are not going to access that money for 4-10 years or longer and maybe even they might never get access to that money if their bitcoin  investment might go to zero.   

So frequently no one is going to be so crazy as to invest 100% of their disposable/discretionary income, and if they do they better have decent back up funds (or other ways to earn or get money) in case they make some mistakes in their calculations of their disposable/discretionary income.

I agree with you. No person should be unprovokedly aggressive in investment or show an aggressive attitude. Because not every moment of your life will be the same. Ups and downs are a part of life. Since you are holding your money for 5-10 years in a place from which you cannot withdraw. How will you handle the downturn in your life if you don't have a back up fund? Today you may be investing your entire discretionary income as your life is going decently, being aggressive in investing, not keeping back up funds. Shouldn't you think about the difficult moments of life later? Let us manage our investments systematically, and build back up funds without being aggressive all the time.
That's just it, anyone that really want to his investment to survive the rainy days must have an emergency fund, because in this world we found ourselves, their are so many uncertainty and so many things might just occurs that might warrant you to address a very pressing financial needs, such as health issues, so if you don't have the emergency funds to fund it, you might be forced to temper with your Bitcoin holdings, which is really not a good thing for your investment plan.

Then talking about those sets of investor that invest more, by investing money they can't do away without, to me, it's just a matter of time, once that financial leverage they have at that time is over, they will be forced to temper with their investment, because that pattern they are using, by investing an amount they can't do away without, will definitely not be sustainable on the longer run.

This is just the fact, I think an investor that wants to last or continue with his Bitcoin journey must have an emergency or reserved funds to enable him or her to allow his hodling to stay for a long-term, unforeseen circumstances are bound to occur so instead an investor to see his Bitcoin portfolio as a alternative to solve any problem that may arise, the best thing to do is to have other source or emergency fund that he or she will fall back to if any situation arises, it has been said severally that intending investors not invest with all they have because as far as humans are concerned problems that requires financial attention must come and once an investor lacks the funds to give it the required attention such in investor will be left with know option than to either to withdraw some fractions of his asset or all of it which is not nice.

For me I have always said it, it better to invest what you can sustain and hodl for a long-term, people are just practicing things that are not part of Bitcoin investment, there is know competition in Bitcoin investment, I don't see any reason why people will investment with all they have without considering inevitable realities, if the plan of such investors were to be a longterm plan I don't think they will go that lane, it is only a gambler or short-term investors that does not understand that Bitcoin investment has principles in which investors must work with to enable them to sustain and hold for long-term.

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August 12, 2024, 11:59:30 PM
 #1208

Bitcoin will reach 100k it is sure but you have to invest part then you will get benefit. If you wait long enough for the price to reach 100k without investing, you will not have to pay any benefit. There are many people who just wait for the price of Bitcoin to rise, investing in Bitcoin must be part of it so that you reap the benefits when the price of Bitcoin rises. In this case all users must play a role in joining the investment segment.

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August 13, 2024, 03:08:34 PM
 #1209

Well , I understand your excitement about bitcoin price rising so high and reaching a new ATH. However, it is still too early to target $100k. If you look at previous increases, resistance often occurs, and corrections from price increases also occur. So, it might be a little difficult to reach $100k in such a short time. However, I think this increase is slow but the potential is large. However, I also still hope to see a $100k price later this year or in 2025.

What we all need to understand before we should be excited about Bitcoin is that it is an unpredictable investment, bitcoin can rise to the extent that we all will think that Bitcoin is going to bring a lot of profit and Within a short period we will be seeing the price is going down, it is very good to be excited about it when the price is going up but still believe that anything can happen, bitcoin reach $70k and we are rejoicing about it, I even feel like it will reach $80k or $90k when the price is still going up but the current price is not up to $60k, bitcoin is an unpredictable investment as it is called but I believe with the way the price of bitcoin is this 2024 the price will surprise everyone in 2025, even if the price didn’t reach $100k it will be around that $80k upwards when the price goes up, and with patient Bitcoin will reach $100k one day.

.
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August 13, 2024, 05:46:31 PM
 #1210

The thead was started in March and it’s been almost 6 months but bitcoin still trading between 50,000 USD to 60,000 USD so to cross 100k USD milestone for btc seems difficult in this year because the world is facing economic crisis. May be in next year this milestone will achieve by bitcoin!


You may be right about when this thread was made but I don't think the time this thread was made has something to do with the price of Bitcoin, I am saying this because you are sounding like the time this thread was created has something to do with the..., And I also disagree with this statement " that Bitcoin crossing $100k this year's seems difficult", though it may happen that Bitcoin won't cross that amount this year and it may also happen that Bitcoin will cross that amount this year, the thing is we can't tell for sure what is going to happen in the market before this year runs out moreover, with the way Bitcoin skyrocket this year one can still assume or say that Bitcoin is going to hit or cross $100k this year but the truth is we don't for sure.

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August 13, 2024, 07:07:45 PM
 #1211

Well , I understand your excitement about bitcoin price rising so high and reaching a new ATH. However, it is still too early to target $100k. If you look at previous increases, resistance often occurs, and corrections from price increases also occur. So, it might be a little difficult to reach $100k in such a short time. However, I think this increase is slow but the potential is large. However, I also still hope to see a $100k price later this year or in 2025.

What we all need to understand before we should be excited about Bitcoin is that it is an unpredictable investment, bitcoin can rise to the extent that we all will think that Bitcoin is going to bring a lot of profit and Within a short period we will be seeing the price is going down, it is very good to be excited about it when the price is going up but still believe that anything can happen, bitcoin reach $70k and we are rejoicing about it, I even feel like it will reach $80k or $90k when the price is still going up but the current price is not up to $60k, bitcoin is an unpredictable investment as it is called but I believe with the way the price of bitcoin is this 2024 the price will surprise everyone in 2025, even if the price didn’t reach $100k it will be around that $80k upwards when the price goes up, and with patient Bitcoin will reach $100k one day.


Yea, what you are saying is also the same sentiment I have about Bitcoin, because we live in a world that is full of uncertainty, and when it comes to Bitcoin and it price movement, anything can still happen, why investors are mostly putting in  money and acquiring more Bitcoin is due to the believe  and trust they have in it, and it potential in the future, not what might happen in the next five to seven months, but talking about if the price of Bitcoin can reach 100k before the year comes to a close, yes, it's very much possible, but it's also possible that it can also return back to 30k mark, because only the uncertainty around the world right now speak volume,  nothing is quite certain.
What I think is the best thing we should be doing is to continue to accumulate as much Bitcoin as possible, because the stash of Bitcoin in your possession is what defines how profitable you might be on the longer run.
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August 13, 2024, 07:38:39 PM
 #1212

Bitcoin will reach 100k it is sure but you have to invest part then you will get benefit. If you wait long enough for the price to reach 100k without investing, you will not have to pay any benefit. There are many people who just wait for the price of Bitcoin to rise, investing in Bitcoin must be part of it so that you reap the benefits when the price of Bitcoin rises. In this case all users must play a role in joining the investment segment.
You are right it is only new investors who use this opportunity now that bitcoin price is 58k+ to DCA regularly nonstop that will benefit from the price of bitcoin when it reaches $100k because they will see the increase of the size of their portfolio in dollars.

It is will useless to be waiting for the price of bitcoin to reach $100k when you don't have anything bitcoin but sitting at the fence and watch g how people are getting rich with their bitcoin investment in future. This is why delay is dangerous and don't hesitate to buy now as a new investor and grow your bitcoin investment gradually by every week or monthly buying. We will see bitcoin price at 100k so don't bother about it but bother about how you can continue buying more bitcoin overtime.

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August 14, 2024, 05:04:16 AM
Last edit: August 14, 2024, 05:28:10 AM by AirtelBuzz
 #1213

The thead was started in March and it’s been almost 6 months but bitcoin still trading between 50,000 USD to 60,000 USD so to cross 100k USD milestone for btc seems difficult in this year because the world is facing economic crisis. May be in next year this milestone will achieve by bitcoin!
You may right in your prediction. In this concern I think if something is easily achieved we often fail to appreciate it. When Bitcoin was in a long run between 25k and 29k a few months ago, there was an expectation that the market would do well if it rose to $40k. There was a bit of delay but Bitcoin crossed $40k and quickly crossed the previous all time high which didn't take much time. It was hard to imagine that Bitcoin would reach that stage so quickly. But we have been expecting Bitcoin $100k for a long time. But getting to $100K of Bitcoin won't be easy. I don't know if it will happen this year, but maybe a big bullish trend will start after the next election. But we can be sure that the longer it takes for Bitcoin to hit $100k, It will be more stronger.
We don't know when the Bitcoin market will touch $100k dollars but we can only predict that it will reach this mark in the future. As per your example I would like to say that when bitcoin price was under $30k dollars no one could have imagined that bitcoin price would rise so high and even touch all time highs (ATH) But that was made possible by the rise in the price of Bitcoin. For those who still think it is impossible for Bitcoin price to reach $100k dollars, it will be possible that's what many crypto analysts think.

Currently we are going through a dumping season in the market maybe from here the market will turn bullish again and Bitcoin will reach the target price that everyone is predicting. We have seen an upward trend in Bitcoin price after each dumping. Maybe a few weeks ago we saw the price of Bitcoin drop to around $50k from where the market rallied and crossed $60k again.

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August 14, 2024, 06:33:24 AM
 #1214

Well , I understand your excitement about bitcoin price rising so high and reaching a new ATH. However, it is still too early to target $100k. If you look at previous increases, resistance often occurs, and corrections from price increases also occur. So, it might be a little difficult to reach $100k in such a short time. However, I think this increase is slow but the potential is large. However, I also still hope to see a $100k price later this year or in 2025.

What we all need to understand before we should be excited about Bitcoin is that it is an unpredictable investment, bitcoin can rise to the extent that we all will think that Bitcoin is going to bring a lot of profit and Within a short period we will be seeing the price is going down, it is very good to be excited about it when the price is going up but still believe that anything can happen, bitcoin reach $70k and we are rejoicing about it, I even feel like it will reach $80k or $90k when the price is still going up but the current price is not up to $60k, bitcoin is an unpredictable investment as it is called but I believe with the way the price of bitcoin is this 2024 the price will surprise everyone in 2025, even if the price didn’t reach $100k it will be around that $80k upwards when the price goes up, and with patient Bitcoin will reach $100k one day.


Yea, what you are saying is also the same sentiment I have about Bitcoin, because we live in a world that is full of uncertainty, and when it comes to Bitcoin and it price movement, anything can still happen, why investors are mostly putting in  money and acquiring more Bitcoin is due to the believe  and trust they have in it, and it potential in the future, not what might happen in the next five to seven months, but talking about if the price of Bitcoin can reach 100k before the year comes to a close, yes, it's very much possible, but it's also possible that it can also return back to 30k mark, because only the uncertainty around the world right now speak volume,  nothing is quite certain.
What I think is the best thing we should be doing is to continue to accumulate as much Bitcoin as possible, because the stash of Bitcoin in your possession is what defines how profitable you might be on the longer run.
You are right. Many people in the market continue to speculate on the price of Bitcoin but you need to reach a reasonable level and keep buying at regular intervals. However, recent volatility in Bitcoin price is likely to bring the trend closer to bullish periods in the future. Also some institutional BTC holders are increasing their holdings significantly and it seems very likely that they will continue this trend for a longer period of time which makes it only a matter of time before the price hits $100k. Despite the political unrest and war situation in the world, the price of Bitcoin is likely to increase as expected. There are also some other factors that are positive for future Bitcoin price growth such as falling Bitcoin on exchange which is a strong indicator of bullish period.

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August 14, 2024, 08:29:49 AM
 #1215

The thead was started in March and it’s been almost 6 months but bitcoin still trading between 50,000 USD to 60,000 USD so to cross 100k USD milestone for btc seems difficult in this year because the world is facing economic crisis. May be in next year this milestone will achieve by bitcoin!
You may right in your prediction. In this concern I think if something is easily achieved we often fail to appreciate it. When Bitcoin was in a long run between 25k and 29k a few months ago, there was an expectation that the market would do well if it rose to $40k. There was a bit of delay but Bitcoin crossed $40k and quickly crossed the previous all time high which didn't take much time. It was hard to imagine that Bitcoin would reach that stage so quickly. But we have been expecting Bitcoin $100k for a long time. But getting to $100K of Bitcoin won't be easy. I don't know if it will happen this year, but maybe a big bullish trend will start after the next election. But we can be sure that the longer it takes for Bitcoin to hit $100k, It will be more stronger.
We don't know when the Bitcoin market will touch $100k dollars but we can only predict that it will reach this mark in the future. As per your example I would like to say that when bitcoin price was under $30k dollars no one could have imagined that bitcoin price would rise so high and even touch all time highs (ATH) But that was made possible by the rise in the price of Bitcoin. For those who still think it is impossible for Bitcoin price to reach $100k dollars, it will be possible that's what many crypto analysts think.

Currently we are going through a dumping season in the market maybe from here the market will turn bullish again and Bitcoin will reach the target price that everyone is predicting. We have seen an upward trend in Bitcoin price after each dumping. Maybe a few weeks ago we saw the price of Bitcoin drop to around $50k from where the market rallied and crossed $60k again.
That's right, and I consider Bitcoin investment as one of the long-term investments that will never fail, because if we open our eyes wide and see Bitcoin's journey to reach $ 100,000, it is very possible. And what must be possible and prepared is, are you willing to wait patiently, be strong and not easily influenced or tempted before your target is achieved because if you have that ability, I am sure whatever price you want will definitely be achieved. And the decline that occurs will always happen as it has happened lately, and that moment must be utilized very well to try to collect more bitcoins and save them for the long term so that you can enjoy good profits in the future. So ignore that and make the most of it, don't panic and stay focused on the future.


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August 14, 2024, 12:05:56 PM
Merited by Pi-network314159 (1)
 #1216

The thead was started in March and it’s been almost 6 months but bitcoin still trading between 50,000 USD to 60,000 USD so to cross 100k USD milestone for btc seems difficult in this year because the world is facing economic crisis. May be in next year this milestone will achieve by bitcoin!


You may be right about when this thread was made but I don't think the time this thread was made has something to do with the price of Bitcoin, I am saying this because you are sounding like the time this thread was created has something to do with the..., And I also disagree with this statement " that Bitcoin crossing $100k this year's seems difficult", though it may happen that Bitcoin won't cross that amount this year and it may also happen that Bitcoin will cross that amount this year, the thing is we can't tell for sure what is going to happen in the market before this year runs out moreover, with the way Bitcoin skyrocket this year one can still assume or say that Bitcoin is going to hit or cross $100k this year but the truth is we don't for sure.
the thread was not even created to make it look like it's certain that before the end of the year, Bitcoin was going to surpass $100k. Even before this thread became active, speculation has been going on both on and off the forum on Bitcoin journey even above $100k but those speculations alone don't by themselves determine what become of Bitcoin in the next week, month or a year. It's just a platform where we share our ideas on best practices to be followed and how to make the best out of these range of prices we've been opportuned to witness. Even if at the end of the year we didn't see Bitcoin get to $100k, it's not a bad sign at all but rather it still opens up opportunity for us to continue buying Bitcoin at these range of prices.

Waiting for Bitcoin to get to $100k doesn't happen independent of making the right and adequate preparation. If at the end of next month, Bitcoin gets to $100k the question you should ask yourself is wether you're better prepared for it. As we engage in all the events that are all contributing to Bitcoin price getting to $100k ranging from the politics, rate of adoption, the buys and sells, you surely want to ensure that you're also stacking enough Bitcoin while waiting for Bitcoin to get to $100k or even go above it as fast as possible.

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August 14, 2024, 01:39:16 PM
 #1217

The thead was started in March and it’s been almost 6 months but bitcoin still trading between 50,000 USD to 60,000 USD so to cross 100k USD milestone for btc seems difficult in this year because the world is facing economic crisis. May be in next year this milestone will achieve by bitcoin!
You may right in your prediction. In this concern I think if something is easily achieved we often fail to appreciate it. When Bitcoin was in a long run between 25k and 29k a few months ago, there was an expectation that the market would do well if it rose to $40k. There was a bit of delay but Bitcoin crossed $40k and quickly crossed the previous all time high which didn't take much time. It was hard to imagine that Bitcoin would reach that stage so quickly. But we have been expecting Bitcoin $100k for a long time. But getting to $100K of Bitcoin won't be easy. I don't know if it will happen this year, but maybe a big bullish trend will start after the next election. But we can be sure that the longer it takes for Bitcoin to hit $100k, It will be more stronger.
We don't know when the Bitcoin market will touch $100k dollars but we can only predict that it will reach this mark in the future. As per your example I would like to say that when bitcoin price was under $30k dollars no one could have imagined that bitcoin price would rise so high and even touch all time highs (ATH) But that was made possible by the rise in the price of Bitcoin. For those who still think it is impossible for Bitcoin price to reach $100k dollars, it will be possible that's what many crypto analysts think.

Currently we are going through a dumping season in the market maybe from here the market will turn bullish again and Bitcoin will reach the target price that everyone is predicting. We have seen an upward trend in Bitcoin price after each dumping. Maybe a few weeks ago we saw the price of Bitcoin drop to around $50k from where the market rallied and crossed $60k again.

No one imagine before that bitcoin price would reach this far even since before. But look what happen price reach this far and it clear all the doubts of bitcoin and bitcoin price has high chance to grow more. Although there are major challenges happen but all of it has been surpassed by bitcoin that's why it gathers a lot more support to people who know its history and also to those who believe its future.

Bitcoin experiencing a dump which I think a normal phase in the market since its unrealistic if we always see a pump since that's not possible at all. Although those price dumps exist then people should look at it as opportunity since if they know how to adapt in those situation provably that they could potentially earn more money if they can acquire more balance from those past dumps happened. Right now it already cross at $60k again and this is good indication that bitcoin still doing good this year.

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August 14, 2024, 04:26:44 PM
 #1218

Well , I understand your excitement about bitcoin price rising so high and reaching a new ATH. However, it is still too early to target $100k. If you look at previous increases, resistance often occurs, and corrections from price increases also occur. So, it might be a little difficult to reach $100k in such a short time. However, I think this increase is slow but the potential is large. However, I also still hope to see a $100k price later this year or in 2025.

What we all need to understand before we should be excited about Bitcoin is that it is an unpredictable investment, bitcoin can rise to the extent that we all will think that Bitcoin is going to bring a lot of profit and Within a short period we will be seeing the price is going down, it is very good to be excited about it when the price is going up but still believe that anything can happen, bitcoin reach $70k and we are rejoicing about it, I even feel like it will reach $80k or $90k when the price is still going up but the current price is not up to $60k, bitcoin is an unpredictable investment as it is called but I believe with the way the price of bitcoin is this 2024 the price will surprise everyone in 2025, even if the price didn’t reach $100k it will be around that $80k upwards when the price goes up, and with patient Bitcoin will reach $100k one day.

We can not be excited when the price is going up when we aren't investing the little we can in bitcoin, it is factual that Bitcoin is a volatile asset as such the price movement is not certain but the good thing is that we already know it to be a long-term investment and i believe that the current price and speculations surrounding bitcoin shouldn't stand as a hindrance for us not to invest in bitcoin, Bitcoin being a fluctuation controlled asset is not suppose to an asset that people should panic for, the price at this time is not bad even though it goes down again, i think people should consider buying more because with my little understanding, long-term assets dont appreciate fast, they face challenges hoping to recover in the future, the set of investors that understands this are those investors that has been in the system for a quite number of year that has build a good portfolio in the said investment.
As for the price reaching a mile stone of 100k it is possible because the temporal dip has been consistently happening and some person has failed to buy because of their mindset that it might dip further unknowing to them that the price may fluctuate within some amount for a while and refuse to come down and keep appreciating a bit by bit, as a bitcoiner i have always known that Bitcoin will hit its unexpected price soon thats why when i hear people talk about panic about the temporal dip i feel that they dont understand what longer-term asset is all about, as for me i will say it is better that we keep doing the needful so that we wont regret soon.

]
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August 14, 2024, 06:47:19 PM
 #1219

The thead was started in March and it’s been almost 6 months but bitcoin still trading between 50,000 USD to 60,000 USD so to cross 100k USD milestone for btc seems difficult in this year because the world is facing economic crisis. May be in next year this milestone will achieve by bitcoin!
I understand the market condition have made so many people to doubt the $100k target but I will not conclude that it will not happen again because bitcoin is a volatile assets that can surprise everyone if it really want to move. If there is a positive news that supports a bullish momentum, don't be surprise if bitcoin take just few weeks to reach the $100k target.

However, it is not always about bitcoin reaching $100k that should matter to us but what we are doing now and what will will achieve when price reaches that target. Are we making good use of the opportunity that is available in the market? This are more important things that should be our concern more than seeing bitcoin at $100k because this price will always be achieved in a matter of time.

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August 14, 2024, 07:20:01 PM
 #1220

The thead was started in March and it’s been almost 6 months but bitcoin still trading between 50,000 USD to 60,000 USD so to cross 100k USD milestone for btc seems difficult in this year because the world is facing economic crisis. May be in next year this milestone will achieve by bitcoin!
I understand the market condition have made so many people to doubt the $100k target but I will not conclude that it will not happen again because bitcoin is a volatile assets that can surprise everyone if it really want to move. If there is a positive news that supports a bullish momentum, don't be surprise if bitcoin take just few weeks to reach the $100k target.

However, it is not always about bitcoin reaching $100k
 that should matter to us but what we are doing now and what will will achieve when price reaches that target. Are we making good use of the opportunity that is available in the market? This are more important things that should be our concern more than seeing bitcoin at $100k because this price will always be achieved in a matter of time.

Exactly, you have made interesting points. The 100k speculation is very achievable even this year, some people are only belittling the power of volatility of course yes it can be drastic and Bitcoin wll soar to a height beyond expectations, but yeah it will be very good and reasonable
enough to focus more on maximizing the market opportunities if we actually consider what we believe to have possibilities which is more better than prioritizing seeing Bitcoin hitting 100k without preparing for it by consistently buying more Bitcoin in our bag, the probability is the same.

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KENONEW
.
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10,000x
 
MULTIPLIER
 
NEARLY
UP TO
50%
REWARDS
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