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Author Topic: Road to 100k?  (Read 15461 times)
MainIbem
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September 23, 2024, 08:06:31 PM
 #1661


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.

You're right, trading and Bitcoin investment are different things but some investors misunderstand the both concepts that's why they trade with Bitcoin and see it as another form of accumulating to their portfolio. However trading is a very risky way of investment that involves short-term goals while Bitcoin investment deals with longitivity, you'll have to invest over time and periodically to become a successful Bitcoin investor. I see people going into trading and feel that they're on the right part of accumulating Bitcoin maybe because they got lucky severally but then if some traders disclose how much they lose before they end up gaining big out of luck, I guess not everyone would be willing to go into trading or even see it as a means of accumulating Bitcoin to their portfolio. Well I used to think that way too but there's a saying that experience is the best teacher and I've learnt from previous experience and I can say that the risk involved in trading is very much compared to that of Bitcoin investment. Investing on Bitcoin is like a safe heaven for investors and if you do it the right way, you'll definitely benefit on the long run so far the investor is using a good method like the DCA which gives all class of holders the opportunity to invest according to their financial capabilities.


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September 23, 2024, 09:27:09 PM
 #1662

-snip-
You're right, trading and Bitcoin investment are different things but some investors misunderstand the both concepts that's why they trade with Bitcoin and see it as another form of accumulating to their portfolio. However trading is a very risky way of investment that involves short-term goals while Bitcoin investment deals with longitivity, you'll have to invest over time and periodically to become a successful Bitcoin investor.
Each investor's investment time frame is different, and you will even find that they set different goals for their investment.
Some investors are those who expect returns from their investments in the short term, while others expect returns from their investments in the long term. You'll also find them just taking advantage of bullish seasons, while others continue to accumulate for years.

I can also say that some investors are those who have chosen bitcoin as a store of value asset, long-term investment, retirement investment or something like that. They don't care about short-term volatility and continue to build their portfolios over time, so these different goals will make them act differently.

 
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September 23, 2024, 11:26:51 PM
 #1663

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.
I feel like we have so many expectations this year. We are already running out 80% of the year and are still far from the 100k expectation. Right now I can say fuck that $100k price. As long as we are still buying knowing full well it will surpass that price in the long run I am fully satisfied. So, dont get confused about the period we are facing now in Bitcoin. It isn't any bearish period so that you know.

It is going to be interesting to watch how in the end things will later unfold. So instead of timing the market for a bearish period which is tricky. It is better to stick to the strategy we have been using to accumulate so far. Three months left to the end of the year and an investor is still whooping around hoping to get a perfect time or to be assured about the price reaching 100k. Let's see how it plays out for those who are waiting for the price of Bitcoin to start going up to 70k and then 80k so that it will serve as an assurance that it will reach 100k. I know there are a lot of investors who will fall into this category.


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.

Absolutely. At the end of the day every investor who take responsibility for their actions. If addiction were to be taken seriously then an investor should get addicted in accumulating Bitcoin with his strategy rather than tapping into his Bitcoin for trading. Sometimes investors just get carried away and deviate from the lessons they have learned so far. Quick gains are the problem of why they become ambitious instead of focusing on the goals they set before time.

Investment should be done with our own space and financial strength. All fingers are not equal, so I dont expect another investor to keep buying a certain amount consistently when he is financially down. If that is the case an investor can cut down his percentage for buying so that it will leave him in a tight situation where continuing the investment will be impossible. I know there are hard choices to make along the long due to life events that may come knowingly or unknowingly. For safer reasons, it has been said here countless times that keeping savings or emergency funds consistently even as we invest will be the solution.

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September 24, 2024, 07:49:48 AM
 #1664

-snip-
You're right, trading and Bitcoin investment are different things but some investors misunderstand the both concepts that's why they trade with Bitcoin and see it as another form of accumulating to their portfolio. However trading is a very risky way of investment that involves short-term goals while Bitcoin investment deals with longitivity, you'll have to invest over time and periodically to become a successful Bitcoin investor.
Each investor's investment time frame is different, and you will even find that they set different goals for their investment.
Some investors are those who expect returns from their investments in the short term, while others expect returns from their investments in the long term. You'll also find them just taking advantage of bullish seasons, while others continue to accumulate for years.

I can also say that some investors are those who have chosen bitcoin as a store of value asset, long-term investment, retirement investment or something like that. They don't care about short-term volatility and continue to build their portfolios over time, so these different goals will make them act differently.
Yea, you are very much correct on this and I also share the same sentiment as you bro, because everyone don't sees things the same way, almost everyone do things base on his or her own level of knowledge, understanding and patience level, because as and investors that we are now, it's very easy for us to buy Bitcoin and hold for a very long period of time without tempering with it,
than someone that has been a trader for long, because I know for a fact that traders don't have that level of patience to wait and hold Bitcoin for a very long period of time without trading it for minimal gains,
so you are very much correct when you said that the investment goals of most people is what spurs them to act according to what the believe in.












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September 24, 2024, 08:35:26 AM
Last edit: September 24, 2024, 09:24:58 AM by SuperBitMan
 #1665

-snip-
You're right, trading and Bitcoin investment are different things but some investors misunderstand the both concepts that's why they trade with Bitcoin and see it as another form of accumulating to their portfolio. However trading is a very risky way of investment that involves short-term goals while Bitcoin investment deals with longitivity, you'll have to invest over time and periodically to become a successful Bitcoin investor.
Each investor's investment time frame is different, and you will even find that they set different goals for their investment.
Some investors are those who expect returns from their investments in the short term, while others expect returns from their investments in the long term. You'll also find them just taking advantage of bullish seasons, while others continue to accumulate for years.

I can also say that some investors are those who have chosen bitcoin as a store of value asset, long-term investment, retirement investment or something like that. They don't care about short-term volatility and continue to build their portfolios over time, so these different goals will make them act differently.
Having a source of income and then taking your Bitcoin investment as one's retirement investment is a good one, it will help one focus more and become consistent without minding Bitcoin volatility since he or she will be holding for a very long time.
Bitcoin investment is something that will take a very long time to grow into something huge and anyone coming into Bitcoin investment should see it as a retirement investment or a long time investment goal with such mindset it will help one to have a direction which he or she wants with Bitcoin.
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September 24, 2024, 08:58:21 AM
 #1666

If you expect the price of Bitcoin to increase to $100k this year, it seems difficult to happen, although the price of Bitcoin has reached above $70k, but looking at recent market conditions, it seems that the price of Bitcoin will not reach $100K this year.

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September 24, 2024, 10:02:05 AM
 #1667

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.

People think about that if there's a dump happened they automatically call it as the start of bearish season. While the fact that we are actually experiencing a bullish season this year. We are far more better than last year so people need to relax when there's possible that might happen since we always see some good recovery on bitcoin just like what happened these days.

For thinking about that its like they are into trading. We see how stressful their life for always thinking about the price of bitcoin and current trend of the market. If they could just spend sometime learning more about holding and do DCA method for sure that those situations they have mentioned will never give them a stress and instead of focusing on short term they might get more bigger returns for aiming for good gains for long term with bitcoin.

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September 24, 2024, 10:14:59 AM
 #1668

If you expect the price of Bitcoin to increase to $100k this year, it seems difficult to happen, although the price of Bitcoin has reached above $70k, but looking at recent market conditions, it seems that the price of Bitcoin will not reach $100K this year.
You're forgetting that the price of Bitcoin is very volatile. Everything has a possibility, just as the the US government actions of last week triggered a price increase from 58k to the 64k were currently see. The year is not yet over, we're just approaching Q4, and you and I can never tell the effects the last months of the year would have on Bitcoin.

While you're speculating on the pricing by the end of the year, I hope you've also speculated your target quantity by the end of the year and you're doing the needful following it up with actions by accumulating more stashes of Bitcoin consistently for yourself so you can be among those telling their success stories in the near future.











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September 24, 2024, 03:09:49 PM
 #1669

If you expect the price of Bitcoin to increase to $100k this year, it seems difficult to happen, although the price of Bitcoin has reached above $70k, but looking at recent market conditions, it seems that the price of Bitcoin will not reach $100K this year.

If you target bitcoin price to 100k dollars then it will definitely be successful, because bitcoin bull run has not started yet.  But if the price of Bitcoin touches the 100k dollar target, there is no profit without investment.  So we have to invest in bitcoin target from present time, if you invest in bitcoin from here you can definitely profit. So only we need to invest till 2025, the investment will be long term and your benefit will be maximum if the bitcoin 100k target is met.
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September 24, 2024, 03:54:31 PM
 #1670

If you expect the price of Bitcoin to increase to $100k this year, it seems difficult to happen, although the price of Bitcoin has reached above $70k, but looking at recent market conditions, it seems that the price of Bitcoin will not reach $100K this year.

Reach $100k or not we still don't know. analysts who give their predictions are also sometimes wrong. but that's not the point. Bitcoin bull run has not happened, although the market condition is still unclear whether we will go to a drop or a pump. but we can see many hopes and predictions pointing toward the end of this quarter to the beginning of next year. again, it's just a prediction that can be right or wrong.

Reach or not $100k this year. most people are already preparing with their pockets full. you should probably fill yours too.

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September 24, 2024, 08:09:28 PM
 #1671

-snip-
You're right, trading and Bitcoin investment are different things but some investors misunderstand the both concepts that's why they trade with Bitcoin and see it as another form of accumulating to their portfolio. However trading is a very risky way of investment that involves short-term goals while Bitcoin investment deals with longitivity, you'll have to invest over time and periodically to become a successful Bitcoin investor.
Each investor's investment time frame is different, and you will even find that they set different goals for their investment.
Some investors are those who expect returns from their investments in the short term, while others expect returns from their investments in the long term. You'll also find them just taking advantage of bullish seasons, while others continue to accumulate for years.

I can also say that some investors are those who have chosen bitcoin as a store of value asset, long-term investment, retirement investment or something like that. They don't care about short-term volatility and continue to build their portfolios over time, so these different goals will make them act differently.
Yea, you are very much correct on this and I also share the same sentiment as you bro, because everyone don't sees things the same way, almost everyone do things base on his or her own level of knowledge, understanding and patience level, because as and investors that we are now, it's very easy for us to buy Bitcoin and hold for a very long period of time without tempering with it,
than someone that has been a trader for long, because I know for a fact that traders don't have that level of patience to wait and hold Bitcoin for a very long period of time without trading it for minimal gains,
so you are very much correct when you said that the investment goals of most people is what spurs them to act according to what the believe in.

See let's just be honest, only very few investors are willing to HODL their assets for a long term but majority of investors are just interested in the short term volatility of Bitcoin whereby they buy Bitcoin and when the price skyrocket they sell and wait for it to fall again in order for them to rebuy again but it's very bad for someone who has accumulated a certain amount of Bitcoins to consider selling them off just because of little profits they made from it. I have seen someone who invested $120 and was waiting to get a 5% profit and sell can you imagine such wrong investment practices. Bitcoin is supposed to be a store of value and not traded for short period of time. Traders can never be patient to allow their investments to mature because they are always focused at the price of Bitcoin at every interval of time and they feel such strategy will continue to work for them since they believe that even if the price falls it still get back to normal but it's all wrong investment mentality.

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September 25, 2024, 03:31:56 AM
 #1672

If you expect the price of Bitcoin to increase to $100k this year, it seems difficult to happen, although the price of Bitcoin has reached above $70k, but looking at recent market conditions, it seems that the price of Bitcoin will not reach $100K this year.
We can never say for certain when the price of bitcoin will be, what we can say is that the price of bitcoin depends on the market movements, but one thing to keep in mind is that bitcoin is famous for its price volatility. There are still three months left to complete this year.  Yes, don't give up now. We have a lot more to see in the coming days. You can buy bitcoins with DCA method, it will reduce your risk and increase the amount of bitcoin savings you have. And hold until bitcoin reaches 100k. Bitcoin  If it's 100k you will make a lot of profit by selling it.

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September 25, 2024, 04:34:24 AM
 #1673

If you expect the price of Bitcoin to increase to $100k this year, it seems difficult to happen, although the price of Bitcoin has reached above $70k, but looking at recent market conditions, it seems that the price of Bitcoin will not reach $100K this year.
We can never say for certain when the price of bitcoin will be, what we can say is that the price of bitcoin depends on the market movements, but one thing to keep in mind is that bitcoin is famous for its price volatility. There are still three months left to complete this year.  Yes, don't give up now. We have a lot more to see in the coming days. You can buy bitcoins with DCA method, it will reduce your risk and increase the amount of bitcoin savings you have. And hold until bitcoin reaches 100k. Bitcoin  If it's 100k you will make a lot of profit by selling it.
I agree with you to continue adding Bitcoin assets by buying with the DCA method, it will be good for the future.
But to see the price of 100k I think there is no doubt that it will happen this year because as happened in the past, sometimes the price of Bitcoin can jump drastically in a short time and the movement that has occurred in the last two weeks which continues to show a positive trend indicates that the price of Bitcoin at the end of this year is increasing and personally I am quite optimistic about that.
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September 25, 2024, 06:34:25 AM
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 #1674

If you expect the price of Bitcoin to increase to $100k this year, it seems difficult to happen, although the price of Bitcoin has reached above $70k, but looking at recent market conditions, it seems that the price of Bitcoin will not reach $100K this year.
We can never say for certain when the price of bitcoin will be, what we can say is that the price of bitcoin depends on the market movements, but one thing to keep in mind is that bitcoin is famous for its price volatility. There are still three months left to complete this year.  Yes, don't give up now. We have a lot more to see in the coming days. You can buy bitcoins with DCA method, it will reduce your risk and increase the amount of bitcoin savings you have. And hold until bitcoin reaches 100k. Bitcoin  If it's 100k you will make a lot of profit by selling it.
Why will a new investor who just started accumulating bitcoin at this current price of $64k+ with DCA regular buying till when bitcoin reaches 100k and sell his bitcoin investment when he will only have accumulated very little and lose out being in the game building and increasing his bitcoin portfolio for the future.

$100k will not be the highest price in bitcoin history because bitcoin is still early and has a lot of value in it in future. This was how some early investors who accumulated bitcoin when it was $1k sold at 10k and couldn't buy back and they're regretting currently now that the price is $64k+. One thing that i observed in long-term investment plan is that it will make you have a committed mindset to always continue buying bitcoin consistent and persistent because it will become part of you since your target in to just keep on accumulating till you get to your bitcoin target.

But when you are shortsighted on the value of bitcoin in future that's when you will be after little profits from the price fluctuation of bitcoin and when you sell your investment too quick, it might become hard for you to have the opportunity to acquire those bitcoin at the same price or you might even use the money for different purpose or lose the value of the cash due to inflation.

New investors should not put profits in their mind when they want to start their bitcoin investment but think of accumulating and building their bitcoin stash overtime in order for them to have a good size of bitcoin portfolio in future, so that they can stay focus and not deviate from their real long-term goal.

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September 25, 2024, 06:48:17 AM
 #1675

If you expect the price of Bitcoin to increase to $100k this year, it seems difficult to happen, although the price of Bitcoin has reached above $70k, but looking at recent market conditions, it seems that the price of Bitcoin will not reach $100K this year.
We can never say for certain when the price of bitcoin will be, what we can say is that the price of bitcoin depends on the market movements, but one thing to keep in mind is that bitcoin is famous for its price volatility. There are still three months left to complete this year.  Yes, don't give up now. We have a lot more to see in the coming days. You can buy bitcoins with DCA method, it will reduce your risk and increase the amount of bitcoin savings you have. And hold until bitcoin reaches 100k. Bitcoin  If it's 100k you will make a lot of profit by selling it.
I agree with you to continue adding Bitcoin assets by buying with the DCA method, it will be good for the future.
But to see the price of 100k I think there is no doubt that it will happen this year because as happened in the past, sometimes the price of Bitcoin can jump drastically in a short time and the movement that has occurred in the last two weeks which continues to show a positive trend indicates that the price of Bitcoin at the end of this year is increasing and personally I am quite optimistic about that.
Personally, I have yet to accumulate the amount of bitcoins I would like to hold. Bitcoin will definitely hit $100k but I am not satisfied with my holding. So at the moment I'm more focused on growing my holdings than Bitcoin price $100K. 100K is more profitable for me if I can increase my holdings I will move towards my goal. For those who don't hold Bitcoin, there is no gain in the price of Bitcoin. If you start holding bitcoins you will definitely reach your goal. If Bitcoin starts a bull run at the current price of 64k, it won't take long to get to 100k soon. But the ratio at which I collect my bitcoins will not increase. So I'm not worried about 100K of Bitcoin.

I missed the previous opportunity to get Bitcoin but don't want to miss out another. Bitcoin $100k and will be more at some point. It will run its course but I have to take initiative to strengthen my position.

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September 25, 2024, 07:53:35 AM
 #1676

New investors should not put profits in their mind when they want to start their bitcoin investment but think of accumulating and building their bitcoin stash overtime in order for them to have a good size of bitcoin portfolio in future, so that they can stay focus and not deviate from their real long-term goal.
as long as the investors intention for buying Bitcoin is so he or she can make profit from his investment, thier is no way he's going to do so without considering that his investment goal might be to make a certain amount of profit.

It's just that it's necessary to understand that the extent of your profitability in your investment varies and depends a lot on how much of a holding you have while expecting that Bitcoin will get to a certain price. A 2× profit for someone that's buying at this price might not make much sense for someone that only acquired $500 to $1k worth of Bitcoin and can only get the same $500 to $1k profit from his investment. But the higher the investment, the higher the profitability. With a $50k worth of bitcon holding, even without Bitcoin getting to $150k to $200k, you're already certain that you've gained a good profit and that you're comfortably sitting at a good profit region.

Thinking about the profit you stand to gain at every mile Bitcoin crosses is not out of place. It encourages you to make the best out of every opportunity you have to buy below that expected bull mark so when Bitcoin gets to that altitude, you're certain you've accumulated enough Bitcoin below that range of price and you're better prepared to enjoy the profit that comes with it.

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September 25, 2024, 10:08:26 AM
 #1677

If you expect the price of Bitcoin to increase to $100k this year, it seems difficult to happen, although the price of Bitcoin has reached above $70k, but looking at recent market conditions, it seems that the price of Bitcoin will not reach $100K this year.
We can never say for certain when the price of bitcoin will be, what we can say is that the price of bitcoin depends on the market movements, but one thing to keep in mind is that bitcoin is famous for its price volatility. There are still three months left to complete this year.  Yes, don't give up now. We have a lot more to see in the coming days. You can buy bitcoins with DCA method, it will reduce your risk and increase the amount of bitcoin savings you have. And hold until bitcoin reaches 100k. Bitcoin  If it's 100k you will make a lot of profit by selling it.
I agree with you to continue adding Bitcoin assets by buying with the DCA method, it will be good for the future.
But to see the price of 100k I think there is no doubt that it will happen this year because as happened in the past, sometimes the price of Bitcoin can jump drastically in a short time and the movement that has occurred in the last two weeks which continues to show a positive trend indicates that the price of Bitcoin at the end of this year is increasing and personally I am quite optimistic about that.
Personally, I have yet to accumulate the amount of bitcoins I would like to hold. Bitcoin will definitely hit $100k but I am not satisfied with my holding. So at the moment I'm more focused on growing my holdings than Bitcoin price $100K. 100K is more profitable for me if I can increase my holdings I will move towards my goal. For those who don't hold Bitcoin, there is no gain in the price of Bitcoin. If you start holding bitcoins you will definitely reach your goal. If Bitcoin starts a bull run at the current price of 64k, it won't take long to get to 100k soon. But the ratio at which I collect my bitcoins will not increase. So I'm not worried about 100K of Bitcoin.

I missed the previous opportunity to get Bitcoin but don't want to miss out another. Bitcoin $100k and will be more at some point. It will run its course but I have to take initiative to strengthen my position.

That's the mindset mate, with such plan of yours, you are going to make it to the top, some people are just after price all the time thereby losing focus on there goals, it is very unfortunate that people still talk about short-term goals when it has been proven and said time without number that Bitcoin is a long-term investment as such an investor consistent price check can further lead such investor to be more expectant and once his or her expectations in terms of price is not actualize when he or she expects it, it becomes a problem, during the time Bitcoin hit 70k plus some bitcoiners never expected that to happen that's more reason why we should concentrate more on accumulating Bitcoin than price checking all the time.
As some people are glamouring for 100k to come, how many of this people has accumulated enough bitcoin overtime that will enable them to benefit from the expected ATH? I think the answer is few, though it is very good for Bitcoin to hit 100k plus at least it will wake some people that has failed to be doing the needful to wakeup from slumber but at the same time I feel that most people that are after this price are  premature sellers that are after shorterm goals.

Although am not against any persons decision but I believe that as good Bitcoin investors we should have a good investment plan and set goals in other to achieve our long-term aim, we don't have to see price at all time as a barrier instead we should keep seeing every period and time as a great opportunity to keep accumulating Bitcoin in fractions that fits our pocket consistently until we reach our desired accumulation state and keep holding for a long-term am one of those people that believe that Bitcoin has come to stay and the earlier we embrace it fully and keep doing the needful, the better for us, soon the over waited 100k price will be a history and some people will still be procrastinating, my advise is that no one should be a premature decision taker when he or she has not gotten a substantial amount of Bitcoin in his or her portfolio, as bitcoiners we should be optimistic at all time, lets not easily make decision that are capable of ruining us in terms of the investment, for me, the expected price has given me courage to believe that as bitcoiners we will cross 100k plus someday as such I should be preparing myself for the future which is the course am into.

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September 25, 2024, 11:19:41 AM
 #1678

It will be possible to invest in bitcoins in the presence of current prices in the bitcoin market. Because regular Bitcoin investing will definitely depreciate over the purchase price, you'll notice that the current Bitcoin price has touched $64,000. If you have invested $200 worth of bitcoins in this $64,000 and if you continue to invest like this in the next week, then even if the price of your bitcoins goes down, you will save almost on the price, and even if the price of bitcoins goes up, you will save on the purchase price.
That's why it is best to follow Bitcoin DCA method, because this DCA method is guaranteed success for both new investors and old investors when investing in Bitcoin. And this is to keep investing in bitcoins for the long term but the target should be to invest regularly in bitcoins for years to come.

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cryptoWODL
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September 25, 2024, 12:17:53 PM
 #1679

It will be possible to invest in bitcoins in the presence of current prices in the bitcoin market. Because regular Bitcoin investing will definitely depreciate over the purchase price, you'll notice that the current Bitcoin price has touched $64,000. If you have invested $200 worth of bitcoins in this $64,000 and if you continue to invest like this in the next week,
Yes it is definitely possible to buy bitcoin even in current market conditions if you have enough money for the purchase. As per the current market price of Bitcoin is above 64 thousand dollars, you can start buying Bitcoin from now. As per your mentioned comment mentioned DCA method, actually to invest in this method you should invest according to specific plan and maintain financial stability.
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That's why it is best to follow Bitcoin DCA method, because this DCA method is guaranteed success for both new investors and old investors when investing in Bitcoin. And this is to keep investing in bitcoins for the long term but the target should be to invest regularly in bitcoins for years to come.
The DCA method to Bitcoin investing makes new investors and veteran investors successful only when they are able to hold the investment for a long time. What do you mean next year? Did you mention a year here? If investing for one year may not give you success, instead you should increase it and continue investing continuously for at least four or five years. When investing in DCA method, the longer you hold the investment, the more your investment portfolio will grow. As your investment portfolio grows, your profit numbers and chances of success will be higher.

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September 25, 2024, 12:30:37 PM
 #1680

If you expect the price of Bitcoin to increase to $100k this year, it seems difficult to happen, although the price of Bitcoin has reached above $70k, but looking at recent market conditions, it seems that the price of Bitcoin will not reach $100K this year.

Many are coming to buy now, it is also seen that whales are pumping BTC coins occasionally, personally if we look at the current direction and development, my strongest filing is BTC to 85K by the end of this year and after that there will be another small correction and in the early months of 2025 it will start moving back towards 100K. Hopefully, there will be more and more extraordinary news that will come again in the future so that it can push the price of bitcoin to continue to strengthen.

 

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