Road to 100k?

[Justbillywitt]

To think about Bitcoin investment we must first know about the strategies to invest it. Because the DCA method is the only way to invest in Bitcoin, this DCA method offers a lot of savings in the purchase price of Bitcoins, and some people only buy Bitcoins in the deep market.

This is misleading and it is not true. The DCA strategy is not the only way to invest in bitcoin. If you say that the DCA strategy is the most widely used method I will agree with you. But saying that the DCA strategy is the only way to invest in bitcoin is a lie. In case you have forgotten we have other methods of investing in bitcoin which are;
- Lump sum Investment method
- Buying the Dip method
- Dollar cost averaging method (DCA)
Investors can use any of these methods to invest in bitcoin or combine the three methods when investing bitcoin.

[bubilas]

If you look at the all-time chart and draw a trend support line, you will see that Bitcoin can no longer fall below 10k. And this has a psychological meaning, showing that more and more people believe in Bitcoin and accumulate more of it.
Under the minimum price of Bitcoin, it is as if the floor of an elevator is slowly pushing it up. We are passing the point of no return, and this is cool, and we are still at the beginning of the journey!
That is why I am sure that no matter how the price falls, we will definitely see 100k.

Is not true that Bitcoin price will ever go down to $10k because as Bitcoin keeps growing that is how is crossing a line that can never be tested no matter how the dip it is, that's to show how strong Bitcoin is because from this correction that happens on the Bitcoin price I believe that before then there was already a benchmark made that it will drop to a point or possibly not getting to that point, so even while people were agitating for the price to drop further they never new that it will never drop below it benchmark, so perhaps that will also be the price definition of Bitcoin in the future were the price we are seeing now will be like when Bitcoin was at $20k.

It seems that we should not speak in terms of absolutes, even though the lower the BTC price the less likely that we are going to end up revisiting that, even though nothing is impossible in terms of either a low spike or even some kind of an issue that could end up happening.

Personally, I like to think about bottoms in terms of the 200-WMA (which is the bitcoin average trade volume price over the past 4 years), and historically we have not spent very much time below it.  However, between June 2022 and October 2023, we ended up spending quite a bit of time below it, and at one point, the lowest point was right nearly 36% below the 200-WMA (which was $15,479 on November 20, 2022 when the 200-WMA was then $24k).

Interesting observation.
I thought that 200-WMA is a great way to see the average price of Bitcoin, moreover, it is an approximate, but clear example of what meaning DCA carries. I mean that by buying from month to month according to DCA, we will eventually get an average price value. And in fact, 200-WMA is also an average price value, only displayed as a graph that is rebuilt from day to day in search of a weighted average value.

[Zackz5000]

I agree with you that a farmer that knows there way around can make a reasonable or sizable amount within a short period of time, but presuming that bitcoin is less expensive is what I don't agree with, because most people invest heavily into bitcoin as a major investment. like Michael J Saylor and many more of them. Bitcoin is not as cheap as you think, you are probably concluding bitcoin investment due to how little by little one can invest in terms of DCA but don't forget that there is a strategy call lump sum which you can also invest once at a go, and it doesn't have a specific figure. it can even be $100m at once. bitcoin investment is cheap and expensive just like any other business, just that you invest what you can afford to buy doesn't make it cheap.

To think about Bitcoin investment we must first know about the strategies to invest it. Because the DCA method is the only way to invest in Bitcoin, this DCA method offers a lot of savings in the purchase price of Bitcoins, and some people only buy Bitcoins in the deep market. And there are many more who buy bitcoin regularly every week, so every investor's buying habits are different.  
However, the most benefit is achieved by doing a regular DCA procedure, as the investment is long-term and the investor is most likely to be successful. So for Bitcoin price to reach 100k dollars we only need to think about holding it as a target. How do we keep bitcoins for a long time by investing regularly.

No mate you are wrong the DCA strategy is not the only strategy use in accumulating Bitcoin, we have the lump sum strategy, the buy the dip strategy, and also the DCA strategy. I believe the reason why you said that the only strategy use in accumulating Bitcoin is the only the DCA strategy because it is the strategy that most investor uses when accumulating Bitcoin because with the DCA strategy an investor can accumulate more Bitcoin little by little either weekly or monthly regardless of the price and continue to hodl for the future.

And secondly those investors who only accumulate Bitcoin during the dip are not real investors since they only wait for the dip before accumulating Bitcoin, and waiting for the dip before accumulating will make you as an investor miss alot of opportunities of accumulating more Bitcoin in the market, ok what if Bitcoin did not dip such investor won't accumulate Bitcoin right? That's a wrong approach meanwhile with the DCA strategy you strategy you can accumulate Bitcoin if dip or not .

[avp2306]

To think about Bitcoin investment we must first know about the strategies to invest it. Because the DCA method is the only way to invest in Bitcoin, this DCA method offers a lot of savings in the purchase price of Bitcoins, and some people only buy Bitcoins in the deep market.

This is misleading and it is not true. The DCA strategy is not the only way to invest in bitcoin. If you say that the DCA strategy is the most widely used method I will agree with you. But saying that the DCA strategy is the only way to invest in bitcoin is a lie. In case you have forgotten we have other methods of investing in bitcoin which are;
- Lump sum Investment method
- Buying the Dip method
- Dollar cost averaging method (DCA)
Investors can use any of these methods to invest in bitcoin or combine the three methods when investing bitcoin.

Exactly agree everything what you said there, since its really hard to say that DCA is the only strategy we can use to invest with bitcoin since there are other strategy which has been used by other people.

Its just DCA method just posses low risk that's why this is recommendable to use by all long term investor since aside this is easy to apply they provably won't worry about the prices since they can use this strategy at any figure what bitcoin reached.

Tried to use these 3 strategy but I can say that so far DCA is working so well for me.

[Ricardo11]

I agree with you that a farmer that knows there way around can make a reasonable or sizable amount within a short period of time, but presuming that bitcoin is less expensive is what I don't agree with, because most people invest heavily into bitcoin as a major investment. like Michael J Saylor and many more of them. Bitcoin is not as cheap as you think, you are probably concluding bitcoin investment due to how little by little one can invest in terms of DCA but don't forget that there is a strategy call lump sum which you can also invest once at a go, and it doesn't have a specific figure. it can even be $100m at once. bitcoin investment is cheap and expensive just like any other business, just that you invest what you can afford to buy doesn't make it cheap.

To think about Bitcoin investment we must first know about the strategies to invest it. Because the DCA method is the only way to invest in Bitcoin, this DCA method offers a lot of savings in the purchase price of Bitcoins, and some people only buy Bitcoins in the deep market. And there are many more who buy bitcoin regularly every week, so every investor's buying habits are different.  
However, the most benefit is achieved by doing a regular DCA procedure, as the investment is long-term and the investor is most likely to be successful. So for Bitcoin price to reach 100k dollars we only need to think about holding it as a target. How do we keep bitcoins for a long time by investing regularly.

No mate you are wrong the DCA strategy is not the only strategy use in accumulating Bitcoin, we have the lump sum strategy, the buy the dip strategy, and also the DCA strategy. I believe the reason why you said that the only strategy use in accumulating Bitcoin is the only the DCA strategy because it is the strategy that most investor uses when accumulating Bitcoin because with the DCA strategy an investor can accumulate more Bitcoin little by little either weekly or monthly regardless of the price and continue to hodl for the future.

And secondly those investors who only accumulate Bitcoin during the dip are not real investors since they only wait for the dip before accumulating Bitcoin, and waiting for the dip before accumulating will make you as an investor miss alot of opportunities of accumulating more Bitcoin in the market, ok what if Bitcoin did not dip such investor won't accumulate Bitcoin right? That's a wrong approach meanwhile with the DCA strategy you strategy you can accumulate Bitcoin if dip or not .

which investor just wait for the dip to invest in Bitcoin, they can never invest in Bitcoin at the right time ever, because when the price is low they think it will go down more, but the price will be pump, as a result they only missed up every time all the Good opportunities. Also those type of investor who wait the dip they can't never be sure that a dip will actually come. So I think that those investor who wait for the dip, they will only lose opportunities and never can invest at the right time ever.

The most important thing about DCA in this regard is that it does not care about short-term ups and downs of the market, and regular investment always gives good long-term returns. Because this method takes the long-term average price and small fluctuations in the market do not have any negative effect on the method, it is a disciplined and long-term profitable strategy.

[sotelorene]

I agree with you that a farmer that knows there way around can make a reasonable or sizable amount within a short period of time, but presuming that bitcoin is less expensive is what I don't agree with, because most people invest heavily into bitcoin as a major investment. like Michael J Saylor and many more of them. Bitcoin is not as cheap as you think, you are probably concluding bitcoin investment due to how little by little one can invest in terms of DCA but don't forget that there is a strategy call lump sum which you can also invest once at a go, and it doesn't have a specific figure. it can even be $100m at once. bitcoin investment is cheap and expensive just like any other business, just that you invest what you can afford to buy doesn't make it cheap.

To think about Bitcoin investment we must first know about the strategies to invest it. Because the DCA method is the only way to invest in Bitcoin, this DCA method offers a lot of savings in the purchase price of Bitcoins, and some people only buy Bitcoins in the deep market. And there are many more who buy bitcoin regularly every week, so every investor's buying habits are different.  
However, the most benefit is achieved by doing a regular DCA procedure, as the investment is long-term and the investor is most likely to be successful. So for Bitcoin price to reach 100k dollars we only need to think about holding it as a target. How do we keep bitcoins for a long time by investing regularly.

You are absolutely correct, knowing the strategy to use before one venture into Bitcoin investment is very important and necessary, and another thing is knowing how to go about it, not just knowing it because there are  a lot of people who knows about the these strategies but don't know how to make it work or function well. But I disagree, when you said DCA method is the only way to invest in Bitcoin perhaps the DCA is the most convenient and reliable strategy. Our success in this investment depends on our commitment, consistency, management skill, patient etc.

[Tmoonz]

I agree with you that a farmer that knows there way around can make a reasonable or sizable amount within a short period of time, but presuming that bitcoin is less expensive is what I don't agree with, because most people invest heavily into bitcoin as a major investment. like Michael J Saylor and many more of them. Bitcoin is not as cheap as you think, you are probably concluding bitcoin investment due to how little by little one can invest in terms of DCA but don't forget that there is a strategy call lump sum which you can also invest once at a go, and it doesn't have a specific figure. it can even be $100m at once. bitcoin investment is cheap and expensive just like any other business, just that you invest what you can afford to buy doesn't make it cheap.

To think about Bitcoin investment we must first know about the strategies to invest it. Because the DCA method is the only way to invest in Bitcoin, this DCA method offers a lot of savings in the purchase price of Bitcoins, and some people only buy Bitcoins in the deep market. And there are many more who buy bitcoin regularly every week, so every investor's buying habits are different.  
However, the most benefit is achieved by doing a regular DCA procedure, as the investment is long-term and the investor is most likely to be successful. So for Bitcoin price to reach 100k dollars we only need to think about holding it as a target. How do we keep bitcoins for a long time by investing regularly.

And secondly those investors who only accumulate Bitcoin during the dip are not real investors since they only wait for the dip before accumulating Bitcoin, and waiting for the dip before accumulating will make you as an investor miss alot of opportunities of accumulating more Bitcoin in the market, ok what if Bitcoin did not dip such investor won't accumulate Bitcoin right? That's a wrong approach meanwhile with the DCA strategy you strategy you can accumulate Bitcoin if dip or not .

Contrarily to your view of which has been severely addressed, considering the fact that there are investors which might have gotten to their maintenance level in their Bitcoin journey may as well also practices timing or monitoring the market of buying the dip because they may not  need to be buying frequently using the DCA anymore, but with a reserved funds they can be buying the dip only and that doesn't make then not to be real investor, while those that are still early in their accumulation journey are the ones that are not meant to time or monitor the market conditions before making purchase it but needed to maximize every buying opportunities in order to increase their Bitcoin amount as aggressive as they can without over doing it. The waiting strategy as a beginner in Bitcoin accumulation is what is actually considered a wrong approach.

[I_Anime]

To think about Bitcoin investment we must first know about the strategies to invest it. Because the DCA method is the only way to invest in Bitcoin, this DCA method offers a lot of savings in the purchase price of Bitcoins, and some people only buy Bitcoins in the deep market.

This is misleading and it is not true. The DCA strategy is not the only way to invest in bitcoin. If you say that the DCA strategy is the most widely used method I will agree with you. But saying that the DCA strategy is the only way to invest in bitcoin is a lie. In case you have forgotten we have other methods of investing in bitcoin which are;
- Lump sum Investment method
- Buying the Dip method
- Dollar cost averaging method (DCA)
Investors can use any of these methods to invest in bitcoin or combine the three methods when investing bitcoin.

Yeah that's true they are various methods of accumulating bitcoin and they are listed below, but let me make it clear for some folks to avoid any form of misleading, when you hear buying the Dip method doesn't mean you would have to wait until there's a dip before accumulating. Most time the method is more beneficial to those who have already gotten far in their bitcoin accummulation,  so they can use buy the dip method to top up their Bitcoin stashes whenever they felt like because they have already reach the point of having enough Bitcoin stashes or have already hitting their goals .

But for those that don't have much Bitcoin they can focus on DCAing alone to start purchasing at different price interval, and also buying the dip in the process (when DCAing ) . But some can even go to the extent of having some reserve funds for the dip so that their DCAing accumulating won't be disturbed, so whenever there's a dip they can use that same  reserves funds to purchase it  , inorder to give themselves some nice boost in their accumulation.

[Obim34]

To think about Bitcoin investment we must first know about the strategies to invest it. Because the DCA method is the only way to invest in Bitcoin, this DCA method offers a lot of savings in the purchase price of Bitcoins, and some people only buy Bitcoins in the deep market.

This is misleading and it is not true. The DCA strategy is not the only way to invest in bitcoin. If you say that the DCA strategy is the most widely used method I will agree with you. But saying that the DCA strategy is the only way to invest in bitcoin is a lie. In case you have forgotten we have other methods of investing in bitcoin which are;
- Lump sum Investment method
- Buying the Dip method
- Dollar cost averaging method (DCA)
Investors can use any of these methods to invest in bitcoin or combine the three methods when investing bitcoin.

Exactly agree everything what you said there, since its really hard to say that DCA is the only strategy we can use to invest with bitcoin since there are other strategy which has been used by other people.

Its just DCA method just posses low risk that's why this is recommendable to use by all long term investor since aside this is easy to apply they provably won't worry about the prices since they can use this strategy at any figure what bitcoin reached.

Tried to use these 3 strategy but I can say that so far DCA is working so well for me.

A safe investment is not only based on one approach of investment, take a closer observation when the whole available strategies are assembled perfectly to maximize how well the accumulation process is being done. The DIP is an inevitable aspect of the market which makes it a must that every investor has a space left to buy during such DIP, this does not happen very often and taking that opportunity aside from ones primary approach (precisely DCA) is considered appropriate towards investing.

The whole goal of applying different strategy is to conclude on making quite the profits, enough to match in what was invested during the whole period while money was spent on purchasing Bitcoin. Primarily it's best to consider DCA strategy then combined other approaches when needed and well constructed to avoid unpleasant ending.

[Miles2006]

To think about Bitcoin investment we must first know about the strategies to invest it. Because the DCA method is the only way to invest in Bitcoin, this DCA method offers a lot of savings in the purchase price of Bitcoins, and some people only buy Bitcoins in the deep market.

This is misleading and it is not true. The DCA strategy is not the only way to invest in bitcoin. If you say that the DCA strategy is the most widely used method I will agree with you. But saying that the DCA strategy is the only way to invest in bitcoin is a lie. In case you have forgotten we have other methods of investing in bitcoin which are;
- Lump sum Investment method
- Buying the Dip method
- Dollar cost averaging method (DCA)
Investors can use any of these methods to invest in bitcoin or combine the three methods when investing bitcoin.

Well, no doubt the dca is the most talked about investing strategy here and outside this space, is this hype about the dca worth it? Personally this strategy is worth the hype mostly newbies who choose to invest using the dca at first but that doesn’t mean there’s no other strategy like for other strategies listed above have their due time but that of the dca can be done at any time, what I meant by due time is buying the dip while the lump sum can be done with a reserved amount but it’s not so compulsory till whenever a person is ready.

[$crypto$]

Even if someone tells me today that bitcoin will get to $2m before the end of next year, I will believe it.

Even though we don't doubt that bitcoin will increase in due time, we should also be more realistic to know that bitcoin can not just grow to $2m dollar In the space of 1 year. That would be a massive push of %millions. even as though it was just a speculation but it may not possible anytime soon.

Even in passing one cycle bitcoin will not break $2M, realistic thinking will be more important than meaningless fantasizing, although I know guesses can be issued from anywhere but do not believe bitcoin will increase perpendicularly to $2M.

Let's always remember that there will forever be 21 million or less bitcoin in circulation!!

That is the more reason why bitcoin still remain the best because it is limited in supply and will still remain scares as people lost more or as demand keep rising so do it also increase. Just like Satoshi Nakamoto once said Lost coins only make everyone else's coins worth slightly more.  Think of it as a donation to everyone.

The limited demand will obviously increase the price slowly this is also when bitcoin has reached the amount of supply in circulation then the price is likely to be more than $100K.
But we know bitcoin will reach the circulating supply it still takes a long time.

[JayJuanGee]

To think about Bitcoin investment we must first know about the strategies to invest it. Because the DCA method is the only way to invest in Bitcoin, this DCA method offers a lot of savings in the purchase price of Bitcoins, and some people only buy Bitcoins in the deep market.

This is misleading and it is not true. The DCA strategy is not the only way to invest in bitcoin. If you say that the DCA strategy is the most widely used method I will agree with you. But saying that the DCA strategy is the only way to invest in bitcoin is a lie. In case you have forgotten we have other methods of investing in bitcoin which are;
- Lump sum Investment method
- Buying the Dip method
- Dollar cost averaging method (DCA)
Investors can use any of these methods to invest in bitcoin or combine the three methods when investing bitcoin.

Exactly agree everything what you said there, since its really hard to say that DCA is the only strategy we can use to invest with bitcoin since there are other strategy which has been used by other people.

Its just DCA method just posses low risk that's why this is recommendable to use by all long term investor since aside this is easy to apply they provably won't worry about the prices since they can use this strategy at any figure what bitcoin reached.

Tried to use these 3 strategy but I can say that so far DCA is working so well for me.

A safe investment is not only based on one approach of investment, take a closer observation when the whole available strategies are assembled perfectly to maximize how well the accumulation process is being done. The DIP is an inevitable aspect of the market which makes it a must that every investor has a space left to buy during such DIP, this does not happen very often and taking that opportunity aside from ones primary approach (precisely DCA) is considered appropriate towards investing.

The whole goal of applying different strategy is to conclude on making quite the profits, enough to match in what was invested during the whole period while money was spent on purchasing Bitcoin. Primarily it's best to consider DCA strategy then combined other approaches when needed and well constructed to avoid unpleasant ending.

You are correct that dips are inevitable, yet they are not inevitable from whatever the current BTC price might be.  Even though there are also advantaged for anyone in bitcoin to consider all three BTC accumulation strategies of DCA, buy on dip and lump sum, it is not necessary to employ all three strategies and it is not necessarily advantageous to employ all three strategies.  There are trade offs in each strategy that should be considered when deciding whether or not to employ them or which one(s) to employ.  Many times a brand new investor won't have a lump sum available to him, and there may well not be any advantage in buying on dips, so the brand new investor might need to spend several years buying BTC before buying on dip might even make sense to employ.  Of course, sometimes if some folks are already in the practice of buying BTC regularly, such as through DCA, then maybe once or twice a year they might come across some extra cash that gives them extra options to consider all three techniques at that time,

so for example a guy is buying $100 per week in bitcoin and maybe a couple of times a year, he receives some bonus money, such as $1,500, and so all of that money could be available for buying BTC and all three methods could be considered or the guy might just choose to buy lump sum right away with all of it.  Those are discretionary kinds of decisions, and people are not always going to decide in the same way, even though there might be certain kinds of choices that might be more logical than others, yet the payoff from whatever had been chosen might not be known right away either.. such as dividing it into three  and putting an equal amount into each category ($500 in each category), as one of the possible options that would have trade offs in regards to each of the possible BTC accumulation methods..

Even if someone tells me today that bitcoin will get to $2m before the end of next year, I will believe it.

Even though we don't doubt that bitcoin will increase in due time, we should also be more realistic to know that bitcoin can not just grow to $2m dollar In the space of 1 year. That would be a massive push of %millions. even as though it was just a speculation but it may not possible anytime soon.

Even in passing one cycle bitcoin will not break $2M, realistic thinking will be more important than meaningless fantasizing, although I know guesses can be issued from anywhere but do not believe bitcoin will increase perpendicularly to $2M.

Let's always remember that there will forever be 21 million or less bitcoin in circulation!!

That is the more reason why bitcoin still remain the best because it is limited in supply and will still remain scares as people lost more or as demand keep rising so do it also increase. Just like Satoshi Nakamoto once said Lost coins only make everyone else's coins worth slightly more.  Think of it as a donation to everyone.

The limited demand will obviously increase the price slowly this is also when bitcoin has reached the amount of supply in circulation then the price is likely to be more than $100K.
But we know bitcoin will reach the circulating supply it still takes a long time.

It would be a long shot for bitcoin to shoot straight up to $2 million, yet it also is not beyond the realm of possibilties.

Shooting up to $2 million woudl be right around a 32x from here.

From 2015 to 2017 we had a shoot up of around 78x from $250 ish to $19,666-ish.. and from 2019 to 2021 we had a shoot up of around a 16.5X  from $4,200 to $65k in early 2021 or to $69k in late 2021.

There surely can be reasons for BTC prices to be artificially suppressed so much and then end up contributing to greater kind of blow off top, but it still could take a year or two for the blow off top to play out...

In the case that we have now, perhaps we might consider our bouncing off price to have had been around $27k from October 2023, instead of using our current price as our bounce off price location, so that would make $2million seem even harder to reach since that would end up being around 74x, which would be similar to the 2017 price run, and it does not seem as likely to be able to have that amount of a price run.. even though it is not completely impossible, something more modest seems more reasonable.. such as $200k to $600k.. which would be in the ballpark of 7.5x to 22x.. . and in the end, none of us really knows about which of the scenarios might play out, and surely a minority view would be that the top is already in for this cycle, though that seems less likely of a scenario, even though it is one of the possible scenarios currently if front of us since the future is not known in advance, yet we still should be attempting to prepare for a varieyt of scenarios, including figuring out how to assign probabilities to scenarios so that we are prepared for them, even some of the more outrageous scenarios, if they were to occur.

[pawel7777]

(...)
It would be a long shot for bitcoin to shoot straight up to $2 million, yet it also is not beyond the realm of possibilties.

Shooting up to $2 million woudl be right around a 32x from here.
(...)

This is a good example of how some metrics are not fit for all purposes. The multipliers, or percentage figures of changes in price in the past are not in any way an indicator of what could happen in the future.
In simple terms:
Increasing your net worth from $1 to $100 is not hard, even a homeless junkie could do that without much effort. But going from $1 billion to $100 billion, or even just to $2 billion, is a whole different story.

In setting up hopes for  BTC's price, we need to consider how much new money would have to flow to the market rather than focusing on past ratios.

[sarmrakib]

We have seen Bitcoin reach 70k USD and it even reached a point of 71k briefly. We are seeing history being made right here with the new all time high being set once again and it is happening even before halving.

I have high expectations that bitcoin will reach 100k but will it reach 100k without any major decline in price? Does it seem realistic that from 70k, bitcoin will continuously rise up?

I also have high expectations that btc might increase as it was in past days. We have seen how much potential btc is. Gradually it has touch 70k$ and it towards 100k. I am realy excited to reach the level as soon as possible. However though the market is looking so cool and It's not going for much fluctuations on recent days. I am really holding my fund and even trying to accumulate more btc as much as i can. Hope we can reach 100k level on upcoming days. Surely we will reach level one day just waiting for that time.

[Marvelockg]

(...)
It would be a long shot for bitcoin to shoot straight up to $2 million, yet it also is not beyond the realm of possibilties.

Shooting up to $2 million woudl be right around a 32x from here.
(...)

This is a good example of how some metrics are not fit for all purposes. The multipliers, or percentage figures of changes in price in the past are not in any way an indicator of what could happen in the future.
In simple terms:

even if you're making such projection based on past price that Bitcoin has attained, Bitcoin hasn't even reached that level in the past and in years to come, we will have to first of all see Bitcoin going past $100k to the range of $300k or $500k before looking at the $1M Mark for Bitcoin. Like sir J rightly said, those are not impossible figures but jumping from this spot to that height might look like we're not being realistic with our speculation.

Increasing your net worth from $1 to $100 is not hard, even a homeless junkie could do that without much effort. But going from $1 billion to $100 billion, or even just to $2 billion, is a whole different story.

I wouldn't agree entirely that your analogy suits  the Bitcoin context and even with the general economic sense of upscaling from a $1 point to $100, I Believe it's always more deficult at the starting point than it becomes when you've witnessed some level of growth and have gained a wide range of trust accross the globe like what has happened in the Bitcoin scenario.

We've got to consider that Bitcoin has faced quite a lot of resistance on it way to this point and have gained a large form of acceptance which will play a huge role in it getting to whatever value any one is speculating out there be it a $100k value or even up to $500k or $1M. What's left for this sort of value to be attained is just a lot of big adoptors and a better form of acceptance by nations that are still skeptical about Bitcoin at the moment. Once these happens, Bitcoin will take a shorter time to climb up than the time it took it to get to this current value.

[pawel7777]

Increasing your net worth from $1 to $100 is not hard, even a homeless junkie could do that without much effort. But going from $1 billion to $100 billion, or even just to $2 billion, is a whole different story.

I wouldn't agree entirely that your analogy suits  the Bitcoin context and even with the general economic sense of upscaling from a $1 point to $100, I Believe it's always more deficult at the starting point than it becomes when you've witnessed some level of growth and have gained a wide range of trust accross the globe like what has happened in the Bitcoin scenario.

You would be right if we were talking about growth in terms of the actual amounts of money flowing into the market, in such case - yes it's more difficult to attract big money at the start.
But I'm talking purely about ratios (e.g. x10, x32, x100 etc). There's almost zero difficulty in making high ratios at the start. You could literally create a shit coin this afternoon, start trading it at say $0.00001 and just buy it from yourself for $1. Congrats, it just made a x100,000 return, but good luck repeating that when there's a real market with big volume.

[SuperBitMan]

We have seen Bitcoin reach 70k USD and it even reached a point of 71k briefly. We are seeing history being made right here with the new all time high being set once again and it is happening even before halving.

I have high expectations that bitcoin will reach 100k but will it reach 100k without any major decline in price? Does it seem realistic that from 70k, bitcoin will continuously rise up?

I also have high expectations that btc might increase as it was in past days. We have seen how much potential btc is. Gradually it has touch 70k$ and it towards 100k. I am realy excited to reach the level as soon as possible. However though the market is looking so cool and It's not going for much fluctuations on recent days. I am really holding my fund and even trying to accumulate more btc as much as i can. Hope we can reach 100k level on upcoming days. Surely we will reach level one day just waiting for that time.

I don't doubt Bitcoin hitting $100k because is already close to it, when Bitcoin started even me never believed Bitcoin will grow this big Bitcoin is gaining more value everyday and even some companies are paying there works using Bitcoin in my country a big game show always pay the winner using Bitcoin and some people now prefer being paid with Bitcoin.
When you mention Bitcoin in my country the next thing that comes to people's mind is something that is so valuable and I believe that is how it is in some other countries too so Bitcoin getting to $100k is not a big deal very soon it will hit $100k and we will now be talking about it reaching $200k and this thread topic will be changed to Road to 200k.

[LUCKMCFLY]

Why DCA is the only way.

Don't you want to use the Lump sum strategy. Don't forget there are many ways to stack bitcoins. The important thing is that you don't become a child where when the price drops you want to cry, but the price drop can be used to buy more aggressively.

Just buy bitcoins in a way that is comfortable for you, if you are comfortable with DCA, continue, but remember don't forget to Hold.

Yes, it can be done in any way, I personally think that by Using the DCA method one gets rid of many prejudices , like those who say that bitcoin is too Expensive , the train has already passed me by , you can no longer buy BTC or even have a single BTC , so for those people there is this method that turns out to be a blessing , because little by little they will buy BTC , only with what they can buy , it's not a bad Idea , so it will be the perfect Strategy to see how the BTC in our wallet continues to grow , that's how I see it.

[sotelorene]

We have seen Bitcoin reach 70k USD and it even reached a point of 71k briefly. We are seeing history being made right here with the new all time high being set once again and it is happening even before halving.

I have high expectations that bitcoin will reach 100k but will it reach 100k without any major decline in price? Does it seem realistic that from 70k, bitcoin will continuously rise up?

I also have high expectations that btc might increase as it was in past days. We have seen how much potential btc is. Gradually it has touch 70k$ and it towards 100k. I am realy excited to reach the level as soon as possible. However though the market is looking so cool and It's not going for much fluctuations on recent days. I am really holding my fund and even trying to accumulate more btc as much as i can. Hope we can reach 100k level on upcoming days. Surely we will reach level one day just waiting for that time.

I don't doubt Bitcoin hitting $100k because is already close to it, when Bitcoin started even me never believed Bitcoin will grow this big Bitcoin is gaining more value everyday and even some companies are paying there works using Bitcoin in my country a big game show always pay the winner using Bitcoin and some people now prefer being paid with Bitcoin.
When you mention Bitcoin in my country the next thing that comes to people's mind is something that is so valuable and I believe that is how it is in some other countries too so Bitcoin getting to $100k is not a big deal very soon it will hit $100k and we will now be talking about it reaching $200k and this thread topic will be changed to Road to 200k.

To be honest with y'all I never believed Bitcoin will be this huge or valuable as a matter of fact I doubted if it was going to stay for long and I believed 80-90% of people back then was thinking same thing but Bitcoin proved us all wrong ( people that doubted it existence). But my happiness is, it's not late to invest in it, so long as you will be consistent using any strategy of your choice and having a management skill and a good source of income. Paying people with Bitcoin sounds interesting and motivating, Please if you don't mind can you tell us the name of your country.

[Awaklara]

I don't doubt Bitcoin hitting $100k because is already close to it, when Bitcoin started even me never believed Bitcoin will grow this big Bitcoin is gaining more value everyday and even some companies are paying there works using Bitcoin in my country a big game show always pay the winner using Bitcoin and some people now prefer being paid with Bitcoin.
When you mention Bitcoin in my country the next thing that comes to people's mind is something that is so valuable and I believe that is how it is in some other countries too so Bitcoin getting to $100k is not a big deal very soon it will hit $100k and we will now be talking about it reaching $200k and this thread topic will be changed to Road to 200k.

don't be too hasty to talk about higher prices. we all believe Bitcoin can grow bigger in the future. it's just a matter of time. the hope of all Bitcoin holders and traders right now is $100. it might be hard for this year, but there is a big hope for next year.
we don't know how much potential Bitcoin price will increase this year. the hope is the increase that occurs. this positive trend will help Bitcoin reach $100k faster. including its use in your country. exactly as you said.