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Author Topic: Road to 100k?  (Read 14300 times)
Shadiq
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September 21, 2024, 05:19:39 PM
 #1641

Everyone must be ready to welcome the bullrun in the market before this year ends, but can it really happen this year? Because now the price of Bitcoin is still below $65K although I still believe that the price increase could continue again in the next month and pass a larger price range than now. But for now I also don't think that Bitcoin will immediately make a new ATH again because it still has to make Bitcoin pass the price of $73K before entering next year. As for the price higher than what I said, we need to hope again next year if the market trend can continue to improve since the end of this year.

I don't know why you don't think Bitcoin will make a new ATH this year. But I think there's nothing to be surprised about if Bitcoin can do that. The reason I would say is that Bitcoin has already taken a big dump, dropping from $73k to $53k. Every time after such dumping we have seen massive pumping of Bitcoin. Bitcoin has already started pumping. I expect Bitcoin to make a new ATH on this pumping. Because Bitcoin's past says so. But I am not sure if this pumping will be up to $100k or not. But I expect Bitcoin to cross $100k this year or early next year.

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September 21, 2024, 07:32:48 PM
 #1642

Everyone must be ready to welcome the bullrun in the market before this year ends, but can it really happen this year?
Are we still not in the bull season yet?  Huh
IMO, bullish season should be in 2024-2025 in the current cycle. The bearish season was in 2022-2023.
If the bullish season is in 2025 only, it means we have a change in 4 years cycle.

Because now the price of Bitcoin is still below $65K although I still believe that the price increase could continue again in the next month and pass a larger price range than now. But for now I also don't think that Bitcoin will immediately make a new ATH again because it still has to make Bitcoin pass the price of $73K before entering next year. As for the price higher than what I said, we need to hope again next year if the market trend can continue to improve since the end of this year.
According to your explanation, it means the price of Bitcoin won't cross $73,750 until the end of this year. I don't know why you really believe in this assumption, but the next 2-3 months (October, November, December) should be green market. Since we possibly have about 2-3 months for green market, it should be possible that the price will cross $73k. I really believe it is not really difficult to be above $70k again if there is something to trigger the price "skyrocket". Why it looks like very difficult to pass $73k again? Do you have a clear reason about this?  Undecided


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AirtelBuzz
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September 22, 2024, 06:49:18 AM
Merited by Litzki1990 (3), JayJuanGee (1)
 #1643

While some investors are treating the Bitcoin price dip as a panic, other wise investors are waiting for an opportunity to buy Bitcoin. For those who know about bitcoins, they give more priority to collect bitcoin than its price.
Basically those who have no experience in market analysis panic when the Bitcoin market is dumping. But the investors or those who want to invest in Bitcoin are not at all confused about the fall in the price of Bitcoin because their only goal is to buy Bitcoin in any market situation and hold it for the future.
Quote
Many of those who didn't hold Bitcoin 2018 were unable to see Bitcoin's future. But the value of Bitcoin is increasing over time. Those investors are left with nothing but regret. Bitcoin investing can be difficult even for those who wait for the future without investing.
Bitcoin market makes us regret every moment. If the price of Bitcoin is high, no one wants to buy thinking that it will be dumped again. Again, many people don't want to invest, thinking that the price of Bitcoin may go down even if the price of Bitcoin goes down. Basically this tendency is evident in us that we will buy bitcoins at low prices. Those who always wait for the dip period are basically the ones fail to buy bitcoins for their investment and later regret it when the price of bitcoins rises. So to avoid regrets, no matter how high or low the price of Bitcoin is in the market, when you have enough money to buy, you should buy immediately.

R


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arwin100
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September 22, 2024, 10:02:53 AM
 #1644

Everyone must be ready to welcome the bullrun in the market before this year ends, but can it really happen this year?
Are we still not in the bull season yet?  Huh
IMO, bullish season should be in 2024-2025 in the current cycle. The bearish season was in 2022-2023.
If the bullish season is in 2025 only, it means we have a change in 4 years cycle.


Maybe they are not satisfied because the price target they are looking forward to see has not been reach by bitcoin. But actually this current movement of bitcoin is somehow a sign that we are in bullish trend. Despite of those pump and dump movement happen we can still say that the current growth of bitcoin is even more better compare to year 2022 -2023.

Also If they are for long term maybe they should lessen the price monitoring since it might bother them especially if they see bitcoin price is declining temporarily. Much better to pay attention on their accumulation since our target is to accumulate lots of volume and price is just a bonus and will provably came especially if we aim for more longer timeline since there's huge chance that those figures in mind would provably come in future.

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September 22, 2024, 10:28:25 AM
Last edit: September 22, 2024, 04:40:22 PM by Frankolala
 #1645

Quote
Many of those who didn't hold Bitcoin 2018 were unable to see Bitcoin's future. But the value of Bitcoin is increasing over time. Those investors are left with nothing but regret. Bitcoin investing can be difficult even for those who wait for the future without investing.
Bitcoin market makes us regret every moment. If the price of Bitcoin is high, no one wants to buy thinking that it will be dumped again. Again, many people don't want to invest, thinking that the price of Bitcoin may go down even if the price of Bitcoin goes down. Basically this tendency is evident in us that we will buy bitcoins at low prices. Those who always wait for the dip period are basically the ones fail to buy bitcoins for their investment and later regret it when the price of bitcoins rises. So to avoid regrets, no matter how high or low the price of Bitcoin is in the market, when you have enough money to buy, you should buy immediately.
There's no need to regret about the past when bitcoin price was cheaper for not buying or selling too fast but act fast by investing right away and keep your buying order consistent every week or month using DCA so that you will not regret in future again. If you still thinking that waiting for the dip is the best, it means that you never learnt any lesson from the past and in future, you will regret the second time.

Mistakes are bound to happen but if you don't learn from your mistakes to get better, it means that you will remain where you are in regrets all through your life. This is why I see new investors who don't care about their consistency in building their bitcoin portfolio overtime but invest in a wimpy way as people who are not serious to own a good size of bitcoin now that they are capable of it will regret later.

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September 22, 2024, 10:56:00 AM
 #1646

Quote
Many of those who didn't hold Bitcoin 2018 were unable to see Bitcoin's future. But the value of Bitcoin is increasing over time. Those investors are left with nothing but regret. Bitcoin investing can be difficult even for those who wait for the future without investing.
Bitcoin market makes us regret every moment. If the price of Bitcoin is high, no one wants to buy thinking that it will be dumped again. Again, many people don't want to invest, thinking that the price of Bitcoin may go down even if the price of Bitcoin goes down. Basically this tendency is evident in us that we will buy bitcoins at low prices. Those who always wait for the dip period are basically the ones fail to buy bitcoins for their investment and later regret it when the price of bitcoins rises. So to avoid regrets, no matter how high or low the price of Bitcoin is in the market, when you have enough money to buy, you should buy immediately.
There's no need to regret about the past when bitcoin price was cheaper for not buying or selling too fast but act fast by investing right away and keep your buying order consistent every week or month using DCA so that you will not regret in future again. If you still thinking that waiting for the dip is the best, it means that you never learnt any lesson from the past and in future, you will regret the second time.

Mistakes are bound to happen but if you don't learn from your mistakes to get better, it means that you will remain where you are in regrets all through your life. This is why I see new investors who don't care about their consistency in building their bitcoin portfolio overtime but invest in a wimpy way as people who are not serious to own a good size of bitcoin now that they are capable of it.

We can look back and learn from what happen from the past, but we should not left any footprints of having a regret since moving on is important since our next action is more needed since our present action could determine our success on our investment done wit bitcoin.

If people would able to be consistent and straight up with their long term investment made then follow DCA or lumpsum method they use then provably that they are bound to success especially that we know bitcoin has lots of potential to grow. Consistency on building up our bitcoin portfolio is really important that's why instead of taking care of those things that can bother us, much better if we pay attention on our present actions.

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September 22, 2024, 11:51:57 AM
 #1647

Basically this tendency is evident in us that we will buy bitcoins at low prices. Those who always wait for the dip period are basically the ones fail to buy bitcoins for their investment and later regret it when the price of bitcoins rises. So to avoid regrets, no matter how high or low the price of Bitcoin is in the market, when you have enough money to buy, you should buy immediately.
It is uncertain when the bitcoin dip will be found but it is certain if someone holds bitcoins from the current price his accumulation will increase. Those who have been able to understand about Bitcoin must know that holding Bitcoin in the long term has a high chance of making profit. We should remember If we can't do the task in time, there is failure. That's why we often focus on buying not just dips, but every movement in Bitcoin. The price of Bitcoin today may not be the same after few hours. Even those who know about Bitcoin at this moment, if they focus on Bitcoin accumulation without wasting time, they will be able to make large bitcoin portfolio. Those who are trying to profit from Bitcoin in the short term must change their ‍attitude towards bitcoin.

.
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September 22, 2024, 04:10:38 PM
 #1648

I don't know why you don't think Bitcoin will make a new ATH this year. But I think there's nothing to be surprised about if Bitcoin can do that. The reason I would say is that Bitcoin has already taken a big dump, dropping from $73k to $53k. Every time after such dumping we have seen massive pumping of Bitcoin. Bitcoin has already started pumping. I expect Bitcoin to make a new ATH on this pumping. Because Bitcoin's past says so. But I am not sure if this pumping will be up to $100k or not. But I expect Bitcoin to cross $100k this year or early next year.
I’ve also seen what you said in the past because I’m not new to Bitcoin, but for the ATH that has already happened this year in the first quarter, I think it’s a little bit harder to happen again in the last quarter of this year although it’s possible for Bitcoin to happen again if the pump can continue until the end of this year. And today Bitcoin still hasn't crossed $65K so people who are still hoping to see a second ATH in the same year still have to be more patient because Bitcoin price hasn't moved faster in the past two days.

Are we still not in the bull season yet?  Huh
IMO, bullish season should be in 2024-2025 in the current cycle. The bearish season was in 2022-2023.
If the bullish season is in 2025 only, it means we have a change in 4 years cycle.
I'm just asking after seeing what happened to Bitcoin last year with what happened to Bitcoin this year because I also didn't say about the four-year cycle change in Bitcoin because I was also quite aware of that during my time on this forum. So please give your opinion and don't be surprised by other people's opinions because you yourself also included next year as a bull season (2024-2025) even though it was not meant for a whole year specifically in (2025) only after what we saw this year together.

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September 22, 2024, 08:56:27 PM
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 #1649

Basically this tendency is evident in us that we will buy bitcoins at low prices. Those who always wait for the dip period are basically the ones fail to buy bitcoins for their investment and later regret it when the price of bitcoins rises. So to avoid regrets, no matter how high or low the price of Bitcoin is in the market, when you have enough money to buy, you should buy immediately.
It is uncertain when the bitcoin dip will be found but it is certain if someone holds bitcoins from the current price his accumulation will increase. Those who have been able to understand about Bitcoin must know that holding Bitcoin in the long term has a high chance of making profit. We should remember If we can't do the task in time, there is failure. That's why we often focus on buying not just dips, but every movement in Bitcoin. The price of Bitcoin today may not be the same after few hours. Even those who know about Bitcoin at this moment, if they focus on Bitcoin accumulation without wasting time, they will be able to make large bitcoin portfolio. Those who are trying to profit from Bitcoin in the short term must change their ‍attitude towards bitcoin.
Waiting for a decline is very uncertain, and it is a mistake, especially not being able to see a bitcoin market scheme moving, it is necessary to believe that buying today is a better thing than procrastinating buying bitcoin, someone always guesses that bitcoin will go down and will buy at that time when they don't buy because they are afraid that the price of bitcoin will finally rise again and they buy at the peak price, and that is what is worried about when selling liquidity by the whales.

Making gradual purchases is the best step we can do right now, especially if we talk about day ii bitcoin has grown again and is facing a bullish October, and we will get $100k in this cycle, the more we wait the more we will regret it when bitcoin reaches the price of $100k.

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September 23, 2024, 03:07:31 AM
 #1650

That's, by the way, price is just a number, and we can see more of it in times to come, or we can also still see the price go down below what we are seeing right now. On the aspect of reaching $80k in the coming months, it's possible, but who cares if it doesn't reach the predicted $80-$100k this year? As long as we still have more fruitful years to come, there is every possibility that those profits we hope to see from bitcoin will be achieved as long as the person keeps on hodling.

Well, that's the most prosperous way of seeing things, in the Bitcoin market a price indicates what demand and supply have for a period of time, but what matters is that it prevails over time, to be honest I see that BTC for about 5 more years could be touched $800k if there are no fundamentals that negatively affect the bitcoin market, because we must not forget that bitcoin has many enemies, there are enemies in the governments themselves, so if everything goes well from now until 2029-2030 I see the price in that range, not that it is very positive , but we must see that the btc trend points there.

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September 23, 2024, 08:37:34 AM
 #1651

That's, by the way, price is just a number, and we can see more of it in times to come, or we can also still see the price go down below what we are seeing right now. On the aspect of reaching $80k in the coming months, it's possible, but who cares if it doesn't reach the predicted $80-$100k this year? As long as we still have more fruitful years to come, there is every possibility that those profits we hope to see from bitcoin will be achieved as long as the person keeps on hodling.

Well, that's the most prosperous way of seeing things, in the Bitcoin market a price indicates what demand and supply have for a period of time, but what matters is that it prevails over time, to be honest I see that BTC for about 5 more years could be touched $800k if there are no fundamentals that negatively affect the bitcoin market, because we must not forget that bitcoin has many enemies, there are enemies in the governments themselves, so if everything goes well from now until 2029-2030 I see the price in that range, not that it is very positive , but we must see that the btc trend points there.

absolutely. Bitcoin is getting more solid by the day and though the effect of the buys and sells and the various policies we've seen that's against Bitcoin has been there, Bitcoin is still prevailing and conquering them all.

Even though $800k in the next 5 years looks ambitious, it's not something that's impossible to happen looking at it from the eyes of the index we have now. If your accumilation plan is to make use of the DCA methord, you certainly have the opportunity of witnessing the gradual growth from pre $100k point we've been at for a while now to the post $100k up to whatever price it might get to in the future. Like @ever-young said, price is just a number, in the long run, it doesn't really matter if Bitcoin meets our expectation as at the time we want it to. What really matters is that we've got more fruitful years ahead of us and that's enough encouragement to keep buying because you're some how certain you won't be in loss. Expecting the Bitcoin price to get to certain range so you would be at a good profit is not a bad thought but it's best to do so without being overly ambitious of the numbers we're expecting to see at a short interval of time.


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September 23, 2024, 10:08:16 AM
 #1652

The bull phase is taking over my mind and spirit. I don't think bitcoin will hit $100k before the end of the year because there is little time left, the market will need to break out of the bear market again, institutional money seems to be coming back into the market. Anyway it is a positive sign, if bitcoin can't hit $100k but hits a new ATH by the end of the year I will still be very happy. Get ready!!!
No one can say exactly when the Bitcoin bull run will start. But we have previously seen the history of Bitcoin since the end of the year when the Bitcoin bull run started, we need to use that experience. Not being able to utilize this ATH period is your own failure.  We need to accumulate bitcoins with extra savings so that when the bitcoin bull run starts, we all have some bitcoin savings so that no one regrets it. My long belief is that we can expect 100k by the very end of this year.

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September 23, 2024, 10:21:41 AM
 #1653

The bull phase is taking over my mind and spirit. I don't think bitcoin will hit $100k before the end of the year because there is little time left, the market will need to break out of the bear market again, institutional money seems to be coming back into the market. Anyway it is a positive sign, if bitcoin can't hit $100k but hits a new ATH by the end of the year I will still be very happy. Get ready!!!
No one can say exactly when the Bitcoin bull run will start. But we have previously seen the history of Bitcoin since the end of the year when the Bitcoin bull run started, we need to use that experience. Not being able to utilize this ATH period is your own failure.  We need to accumulate bitcoins with extra savings so that when the bitcoin bull run starts, we all have some bitcoin savings so that no one regrets it. My long belief is that we can expect 100k by the very end of this year.

I don't care much about those bull run things when I start my long term investment with bitcoin. I don't speculate much the price since what I usually do or in focus is to accumulate consistently without getting bother by any price discussions or fuds spreading in the market.

Those price speculated like $100k would provably came its just we don't actually know on when this price will be hit by bitcoin. So before this incident to happen it will be more good to people if they take action by accumulating since waiting without doing nothing is just a waste of time for those people who plan to engage on long term investment on bitcoin.

If that figures will be hit up by end of this year then its good. But I think this might not gonna happen this year and people might gonna see it next year. But they should not get disappointed about it since what's more important is they should be consistent and aim to increase their balance since everything would provably worth it if they hold a lot of bitcoins on target years they are looking forward for.

R


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September 23, 2024, 10:21:49 AM
 #1654

The bull phase is taking over my mind and spirit. I don't think bitcoin will hit $100k before the end of the year because there is little time left, the market will need to break out of the bear market again, institutional money seems to be coming back into the market. Anyway it is a positive sign, if bitcoin can't hit $100k but hits a new ATH by the end of the year I will still be very happy. Get ready!!!
No one can say exactly when the Bitcoin bull run will start. But we have previously seen the history of Bitcoin since the end of the year when the Bitcoin bull run started, we need to use that experience. Not being able to utilize this ATH period is your own failure.  We need to accumulate bitcoins with extra savings so that when the bitcoin bull run starts, we all have some bitcoin savings so that no one regrets it. My long belief is that we can expect 100k by the very end of this year.

Bitcoin 100 should be invested with a target of $100, currently we can always invest in Bitcoin using the DCA method. And Bitcoin will hit $100k for sure when this next Bitcoin bull run begins, Bitcoin will hit its peak highs. There is no risk of loss when investing in Bitcoin, if you follow the strategy and hold Bitcoin for a long time.  

I would recommend you to follow one more exception strategy, you invest in bitcoins regularly weekly or monthly, and you continue your investment until it touches the dollar. Then of course your investment will be long term because if your target bitcoin is 100k dollars then you will be profitable if you invest even from the present time.

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September 23, 2024, 11:17:31 AM
 #1655

The bull phase is taking over my mind and spirit. I don't think bitcoin will hit $100k before the end of the year because there is little time left, the market will need to break out of the bear market again, institutional money seems to be coming back into the market. Anyway it is a positive sign, if bitcoin can't hit $100k but hits a new ATH by the end of the year I will still be very happy. Get ready!!!
No one can say exactly when the Bitcoin bull run will start. But we have previously seen the history of Bitcoin since the end of the year when the Bitcoin bull run started, we need to use that experience. Not being able to utilize this ATH period is your own failure.  We need to accumulate bitcoins with extra savings so that when the bitcoin bull run starts, we all have some bitcoin savings so that no one regrets it. My long belief is that we can expect 100k by the very end of this year.

Bitcoin 100 should be invested with a target of $100, currently we can always invest in Bitcoin using the DCA method. And Bitcoin will hit $100k for sure when this next Bitcoin bull run begins, Bitcoin will hit its peak highs. There is no risk of loss when investing in Bitcoin, if you follow the strategy and hold Bitcoin for a long time.  

I would recommend you to follow one more exception strategy, you invest in bitcoins regularly weekly or monthly, and you continue your investment until it touches the dollar. Then of course your investment will be long term because if your target bitcoin is 100k dollars then you will be profitable if you invest even from the present time.

You are absolutely right.
If we can collect bitcoins every week through DCA method then we will reduce our risk a lot and will have to buy and hold bitcoins more strategically so that in future bull run we can profit by selling bitcoins and reach our target.

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September 23, 2024, 02:44:14 PM
 #1656

That's, by the way, price is just a number, and we can see more of it in times to come, or we can also still see the price go down below what we are seeing right now. On the aspect of reaching $80k in the coming months, it's possible, but who cares if it doesn't reach the predicted $80-$100k this year? As long as we still have more fruitful years to come, there is every possibility that those profits we hope to see from bitcoin will be achieved as long as the person keeps on hodling.

Well, that's the most prosperous way of seeing things, in the Bitcoin market a price indicates what demand and supply have for a period of time, but what matters is that it prevails over time, to be honest I see that BTC for about 5 more years could be touched $800k if there are no fundamentals that negatively affect the bitcoin market, because we must not forget that bitcoin has many enemies, there are enemies in the governments themselves, so if everything goes well from now until 2029-2030 I see the price in that range, not that it is very positive , but we must see that the btc trend points there.

Your assessment of Bitcoin to reach 800k is quite acceptable as we don't know what the future holds but to be more realistic and considering other factors that have been wavering on Bitcoin for quite some years we may tend to see that price in a decade or more. Am not underrating what Bitcoin can do as I have seen lots of imaginable movements that have occurred in the past.

This is more realistic to me (5 years period- from 2024-2029/2030);

2025 - $150k
2026 - $200k or $250k
2027 - $300k
2028 - $300k to $350k
2029 - $500k and above ( Will experience an increase due to halving or other reasons)

I got more interested in the part you spoke about the direction of Bitcoin currently. As of today, Bitcoin price has experienced a volatile period. And it has positive developments in terms of adoption, and regulatory news (US election) to mention a few others. In as much, as we can't be certain about the direction of Bitcoins price but believe there are possible indicators, the market remains subject to various factors that could influence the price direction too. So, as we are optimistic about the price we should understand that changes more happen.

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September 23, 2024, 03:38:04 PM
 #1657

The bull phase is taking over my mind and spirit. I don't think bitcoin will hit $100k before the end of the year because there is little time left, the market will need to break out of the bear market again, institutional money seems to be coming back into the market. Anyway it is a positive sign, if bitcoin can't hit $100k but hits a new ATH by the end of the year I will still be very happy. Get ready!!!
No one can say exactly when the Bitcoin bull run will start. But we have previously seen the history of Bitcoin since the end of the year when the Bitcoin bull run started, we need to use that experience. Not being able to utilize this ATH period is your own failure.  We need to accumulate bitcoins with extra savings so that when the bitcoin bull run starts, we all have some bitcoin savings so that no one regrets it. My long belief is that we can expect 100k by the very end of this year.
Rather than waiting for a bull run, you should be careful with your bitcoin deposits and tend to get more holdings by regularly depositing bitcoins. If you can base your investment strategy on assumptions, you should tend to buy more bitcoins in each bearish period. You estimate the price of bitcoin to touch $100k by the end of this year if so then bearish period is crossing at present which is around $62k and in next 3 months you can make huge profit and you should be in more buying.

But the advantage of Bitcoin deposits for low income people is that they can adopt the DCA method of depositing Bitcoins even if they cannot afford a single buy. It may not make much profit in the short term but there is a possibility of getting a bigger holding gradually.

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September 23, 2024, 04:13:22 PM
Last edit: September 23, 2024, 07:51:50 PM by Promocodeudo
Merited by JayJuanGee (1)
 #1658

I think that gradually everyone will become more aware of this and they will become more interested in trading or investing in Bitcoin.

You will lose the realization you gain from trading if you are not good about trading. Gaining knowledge will keep you connected to your risky self, I think.

Because the trade is very risky, it becomes difficult for a person to control the temptation and excessive emotions in the trade.

An individual trader and investor is almost a member. For example, if sand and silt are placed in the same container, the sand will absorb the water.Alternative investing is like water and trading is like sand. A person will absorb two target trade investments and end up exhausted where your losses will be more. So go long the investment in DCA method not trade.

Your description is confusing since silt absorbs water more than sand..  so I would think that you would want to say that investing is like silt absorbing the water and trading is like water going through sand.. Maybe you can restate what you mean.


You will lose more than you gain from trading if you don't have good knowledge about trading. I think you will be associated with risky work even as a result of gaining knowledge.

Because trading is very risky and temptations in trading are high, it becomes difficult for a person to control emotions.


It is almost impossible for one person to be both trader and investor. For example, if sand and water are kept in the same container, the sand will absorb the water investing is like water and trading is like sand. If a person enters in two at a time, the trade will absorb the investment and the investment will be exhausted where you are more likely to lose.

Sorry for the mistake. Sad
Of course no one can serve two masters at the same time, it is either he will dedicate his time to one than the other. Anyone who wants to do trading and investing in bitcoin at the same time is like a gambler because there's high possibility that he will deep his hands into his bitcoin investment when he has lost all his trading funds because he will have false believe that he will make profit to recover his loss and might end up losing all his bitcoin investment.

It is not ideal to think that you can use trading to increase your bitcoin rather it will be the opposite because you will end up losing if you sell and the price pumps above your selling point and it remains like that for long. You might use the funds for something else and will be discouraged to buy back. Investing and building up your investment overtime should be your priority and not selling as a new investor.

In as much as am not against whatever part of Bitcoin investment anyone chooses to be involved with, I think is better for people to have realistic plans and set goals before going into Bitcoin investment fully, it has been said here severally that there is high chances of traders losing their capital totally in a trading depending the amount they use in a particular trading session, for me there is peace in Bitcoin investment if one understands the way to go about the investment itself than trading, the difference is clear, it has been proven overtime.

Traders deeping their hands in their asset as you said is just like petting the statement for them, there capital and the investment itself will come to an end if they don't retrace their steps because of addiction, trading has an addictive concept like gambling thats why when a trader lose he or she believes that there is something he didn't get right at the first time, they continue going until nothing is left that's when they will rest by then nothing is left to go back with, this kind of people will later start seeing bitcoin investment as a trap when they already know that they are the cause of thier problem, so as an investor I know that our decisions are personal but I believe that it would have been better for us to concentrate on accumulating Bitcoin with the method thats easy, less stressful and efficient with the little we can without minding the price at all time to build a bulky portfolio overtime  and hold for a long-term instead of trading to look for quick profit which is short-term mindset which is not the major plan for Bitcoin investment.

Some people embark on a deadly journey unknowing to them, although its as a result of ignorance or quick profit mindset, how would one feel or think that he or she is going to make a bulky portfolio of Bitcoin by trading? For me  that's a deceitful mindset because the probability of it happening is very low because once you are trading there are two things that must come to your mind and that's loss or profit, one of the two has more chances of happening and that's loss, having said all these, the decision is ours to make but if am to advise anyone on the aforementioned, I will say he or she should invest with DCA method since it gives every investor the opportunity to investment with what they can afford to invest gradually and continuously until they reach their limit and hodl for the future.



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September 23, 2024, 06:18:52 PM
Merited by JayJuanGee (1)
 #1659

If so then bearish period is crossing at present which is around $62k and in next 3 months you can make huge profit and you should be in more buying.
We are not in the bear market because bitcoin was able make a new ATH of $73k+ this year. Bitcoin is in a consolidation state and that is why you have being seeing the price dipping and pumping. After bitcoin halving, we don't see a bear market. It is after the bull run which we are expecting that the bear market comes. Bitcoin at $63k+ is not a bear.

You sound more like a trader by advising people to invest now through DCA regular buying and sell their bitcoin when the price is 100k. It is good for you to buy bitcoin and invest in a long-term so that you can build and grow your bitcoin up to a good level overtime for the future and not after short term profit because bitcoin price will reach $300k and above in future.

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September 23, 2024, 07:46:06 PM
 #1660

Rather than waiting for a bull run, you should be careful with your bitcoin deposits and tend to get more holdings by regularly depositing bitcoins. If you can base your investment strategy on assumptions, you should tend to buy more bitcoins in each bearish period. You estimate the price of bitcoin to touch $100k by the end of this year if so then bearish period is crossing at present which is around $62k and in next 3 months you can make huge profit and you should be in more buying.

But the advantage of Bitcoin deposits for low income people is that they can adopt the DCA method of depositing Bitcoins even if they cannot afford a single buy. It may not make much profit in the short term but there is a possibility of getting a bigger holding gradually

Is not all about the bullrun , without having a good bitcoin Stashes you won't endup with sometimes good. Most time is only traders that have the mindset of finding short term profits regardless of the number of Stashes they have while investors focus more on the future , but inorder to prepare for something nice in the future he or she have to first focus on building a better Stashes for the future by accumulating and holding.

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