Road to 100k?

[JayJuanGee]

[edited out]

So the best time for one to have such mindset that of buying back  is when they have already gotten themselves some good amount of Bitcoin stashed (having enough Bitcoin in their portfolio), like for instance a guy accumulation goal was for him to have 5 BTC , so after accumulating for some time he endup hitting that goal , so now he decide to continue with his holding though has done with the accumulating part . Then lateron he decided to start taken some profit from his holding, so while doing so he saw that his Bitcoin Stash us kinda reducing due to the withdrawing, so he may decide to buy some quantities using lump-summing or other convenience method, to purchase some quantities in order to coverup for those withdrawal he has made back then . It is not relevant that it must be same amount he withdrew, he might purchase quantities that's not up to the withdrawal or quantities that's more than that they have withdrew from Their holding .

It seems to me that in your example of having a goal of getting to 5 BTC, there might be some recognition of the ability to sell and/or to play around with the extra BTC if that same person had actually gotten to 6 BTC, so then the extra 1 BTC ends up being a overaccumulation cushion... that allows for more freedom.. so then maybe the 5 BTC becomes somewhat untouchable, yet the extra BT are able to have more flexibility in terms of whether some of them might be sold at various points.

Sure, 5 BTC might be enough too for a person who might be considering about 4 BTC is enough .. so 5 is more than enough..

And, so reassessments can be made at various points in regards to how much is enough and how to calculate how much of the stash might have more flexibility in terms of potentially setting various sell price points or even selling certain quantities on regular bases on on  timeline and with formulas that you might calculate yourself.  My sustainable withdrawal thread goes over timeline and also price-based sustainable withdrawal considerations.

Having more than enough Bitcoin is the dream of all investors, just like you said that an investor planned to accumulate 5btc but was able to accumulate 6btc, it means that he can do whatever he like with the extra 1btc and it will be fine if he sells in some of it whenever he wants. He can still use his 1btc to serve as his emergency funds so that he only sells when a real emergency comes, so that he will not be carried away of selling too much.

Getting to a point of over-accumulation does tend to result in a lot of options that were not otherwise available during the time that accumulation was still taking place, and a person likely gets from 5 BTC to 6 BTC after a decent amount of hard struggles.. and sure there sometimes could come reassessments that end up allowing conclusions that 5 BTC is enough - and then recognizing that he has 6 BTC..

In regards to your suggestion that the extra BTC could serve as an emergency fund is not completely off point, since whenever anything is extra there are options with it - yet still it does not tend to be good practices to have your emergency fund denominated in something other than your own local currency... which truly having BTC as part of your emergency fund could lead to selling some of them at price points that are not very convenient.

But yeah even having 6 BTC rather than 5 BTC could cause the HODLer to feel comfortable to begin some kind of a sustainable withdrawal strategy - especially since he has extra BTC.  Even with a 6% withdrawal rate, there could be 0.025 to 0.03 BTC withdrawn every month... and it would take quite a while (several years) to deplete the amount down to 5 BTC.

[I_Anime]

[edited out]

So the best time for one to have such mindset that of buying back  is when they have already gotten themselves some good amount of Bitcoin stashed (having enough Bitcoin in their portfolio), like for instance a guy accumulation goal was for him to have 5 BTC , so after accumulating for some time he endup hitting that goal , so now he decide to continue with his holding though has done with the accumulating part . Then lateron he decided to start taken some profit from his holding, so while doing so he saw that his Bitcoin Stash us kinda reducing due to the withdrawing, so he may decide to buy some quantities using lump-summing or other convenience method, to purchase some quantities in order to coverup for those withdrawal he has made back then . It is not relevant that it must be same amount he withdrew, he might purchase quantities that's not up to the withdrawal or quantities that's more than that they have withdrew from Their holding .

It seems to me that in your example of having a goal of getting to 5 BTC, there might be some recognition of the ability to sell and/or to play around with the extra BTC if that same person had actually gotten to 6 BTC, so then the extra 1 BTC ends up being a overaccumulation cushion... that allows for more freedom.. so then maybe the 5 BTC becomes somewhat untouchable, yet the extra BT are able to have more flexibility in terms of whether some of them might be sold at various points.

Sure, 5 BTC might be enough too for a person who might be considering about 4 BTC is enough .. so 5 is more than enough..

And, so reassessments can be made at various points in regards to how much is enough and how to calculate how much of the stash might have more flexibility in terms of potentially setting various sell price points or even selling certain quantities on regular bases on on  timeline and with formulas that you might calculate yourself.  My sustainable withdrawal thread goes over timeline and also price-based sustainable withdrawal considerations.

Having more than enough Bitcoin is the dream of all investors, just like you said that an investor planned to accumulate 5btc but was able to accumulate 6btc, it means that he can do whatever he like with the extra 1btc and it will be fine if he sells in some of it whenever he wants. He can still use his 1btc to serve as his emergency funds so that he only sells when a real emergency comes, so that he will not be carried away of selling too much.

Getting to a point of over-accumulation does tend to result in a lot of options that were not otherwise available during the time that accumulation was still taking place, and a person likely gets from 5 BTC to 6 BTC after a decent amount of hard struggles.. and sure there sometimes could come reassessments that end up allowing conclusions that 5 BTC is enough - and then recognizing that he has 6 BTC..

In regards to your suggestion that the extra BTC could serve as an emergency fund is not completely off point, since whenever anything is extra there are options with it - yet still it does not tend to be good practices to have your emergency fund denominated in something other than your own local currency... which truly having BTC as part of your emergency fund could lead to selling some of them at price points that are not very convenient.

But yeah even having 6 BTC rather than 5 BTC could cause the HODLer to feel comfortable to begin some kind of a sustainable withdrawal strategy - especially since he has extra BTC.  Even with a 6% withdrawal rate, there could be 0.025 to 0.03 BTC withdrawn every month... and it would take quite a while (several years) to deplete the amount down to 5 BTC.

That's true, having your local currency as an emergency funds Kinda the best . Because you won't have to tamper with your Bitcoin holding as a form of emergency funds rather just hodl till you have gotten to the stage of withdrawing. Because most people that usually take their Bitcoin Stash as Their emergency funds don't normally go far with their accumulation and holding, they always endup selling at the wrong time . Due to not having enough of funds for emergency purposes.

That's why most time I always belike , Bitcoin holding ain't hard when you are following the principles. Like having some cashflow, good risk management, and also having an emergency funds, and also always being patient with your holdings. Without having good plans with your Bitcoin investment, one will always endup messing up his holdings

[sotelorene]

bitcoin will rise up to 100k$ but not in an instant, it takes time just like what happen before the 2021 bull season when it reach a new ATH follow by this year and reach another ATH, I think it needs more years before we can see btc reach 100k$ no one knows about it but i have a feeling that it will reach 100k$ or even higher base on its past price movement.

100k$ was looking easy to achieve when the price of bitcoin hit 73k$ before halving but now there is very slower upward movement due to which we assume that long duration will be needed to reach to 100k$ and there is no one who will identify the accurate timing at which this target will become reality.

If our target value for selling is higher then it is also important to lengthen your holding because you know better that more wait is needed to achieve more profit. 100k$ is far but it is possible that one day we will see Bitcoin to reach the higher value and for that we have to not sell our assets until we become successful in achieving our target.

The price wasn't so easy to hit $100k just that our instinct is so positive about Bitcoin hitting that amount though it behavior this period gave us a conviction and reason to believe that it will reach $100k. I have the feeling that it will reach $100k but not soon but Bitcoin reaching that amount is not my major concern rather my major concern is how to accumulate more and hold.

[adultcrypto]

bitcoin will rise up to 100k$ but not in an instant, it takes time just like what happen before the 2021 bull season when it reach a new ATH follow by this year and reach another ATH, I think it needs more years before we can see btc reach 100k$ no one knows about it but i have a feeling that it will reach 100k$ or even higher base on its past price movement.

100k$ was looking easy to achieve when the price of bitcoin hit 73k$ before halving but now there is very slower upward movement due to which we assume that long duration will be needed to reach to 100k$ and there is no one who will identify the accurate timing at which this target will become reality.

If our target value for selling is higher then it is also important to lengthen your holding because you know better that more wait is needed to achieve more profit. 100k$ is far but it is possible that one day we will see Bitcoin to reach the higher value and for that we have to not sell our assets until we become successful in achieving our target.

Bitcoin is not going to just flying to $100k and anyone who thought that would be the case is either probably new or desperate to sell. What Bitcoin is doing now does not come as a surprise to many experienced holders because this is the first time we are seeing bitcoin make ATH before the halving. That was supposed to mean that there would be prolonged compression before any major move would be seen in the market. But people were too hesitant to see price reach $100k and far above that after the halving. Even though price still linger within the region it is now, it will eventually rise to the expected new high.

What every investor should do now is to continue holding for those who have already reached their accumulation goal or continue to buy more for those still accumulating. The market is given everyone opportunity to be part of the next major move and we should make good use of that opportunity. I am personally happy that the $100k price level has not be approached yet because I am still at the accumulation stage. This is helping me buy more since my capital is not that big but comes monthly.

[lepbagong]

bitcoin will rise up to 100k$ but not in an instant, it takes time just like what happen before the 2021 bull season when it reach a new ATH follow by this year and reach another ATH, I think it needs more years before we can see btc reach 100k$ no one knows about it but i have a feeling that it will reach 100k$ or even higher base on its past price movement.

100k$ was looking easy to achieve when the price of bitcoin hit 73k$ before halving but now there is very slower upward movement due to which we assume that long duration will be needed to reach to 100k$ and there is no one who will identify the accurate timing at which this target will become reality.

If our target value for selling is higher then it is also important to lengthen your holding because you know better that more wait is needed to achieve more profit. 100k$ is far but it is possible that one day we will see Bitcoin to reach the higher value and for that we have to not sell our assets until we become successful in achieving our target.

The price wasn't so easy to hit $100k just that our instinct is so positive about Bitcoin hitting that amount though it behavior this period gave us a conviction and reason to believe that it will reach $100k. I have the feeling that it will reach $100k but not soon but Bitcoin reaching that amount is not my major concern rather my major concern is how to accumulate more and hold.

No one feels that bitcoin is not growing in a positive direction, it will always do that all the time. But will it reach $100K? I am very sure it will happen at the end of the year before it will actually reach the renewable ATH in 2025. Maybe it is currently being prepared for a correction first and will not immediately rise because it still has a long time. A correction will provide an impetus for bitcoin to reach its best peak.
The time when there is a correction is to buy and hold. If it is too expensive, there could be potential altcoin alternatives that are cheaper.

[Pi-network314159]

In regards to your suggestion that the extra BTC could serve as an emergency fund is not completely off point, since whenever anything is extra there are options with it - yet still it does not tend to be good practices to have your emergency fund denominated in something other than your own local currency... which truly having BTC as part of your emergency fund could lead to selling some of them at price points that are not very convenient.

that is true, it is good to have our emergency fund in fiat instead of having it bitcoin. you know sometimes people might be having issues of emergency and we just need the emergency fund to sort some things out but some factors may deprive us from get it immediately as expected or not having it  exactly as expected, such like:
1. Delay of transactions in mempool, someone may be trying to sell his coin in return of emergency fund during the period mempool is congested and transaction may delay just like the having period, when people find it difficult to trade there coin. some transaction where pending for a week or more with a higher TRX fee.
2. during the time of selling of BTC for emergency it could be that maybe your 1 btc at the rate of $70k may have fallen to $60 losing a huge amount of $10k.
3. Dollar/fiat may have dropped. for example you may have the opportunity to have sell your bitcoin when the price of bitcoin was high and your local fiat was also high, given you a more advantage of higher return but you didn't sell it that period. but you sold it during emergency when btc has dip and you currency to dollar has reduced, you will sell at lost which may be problematic. though it may be vise versa as the case may be but  there is a need to have have emergency fund in Fiat than I bitcoin, for the sake of unforseen circumstances and immediate spending.

[Btcdeybodi]

[edited out]

So the best time for one to have such mindset that of buying back  is when they have already gotten themselves some good amount of Bitcoin stashed (having enough Bitcoin in their portfolio), like for instance a guy accumulation goal was for him to have 5 BTC , so after accumulating for some time he endup hitting that goal , so now he decide to continue with his holding though has done with the accumulating part . Then lateron he decided to start taken some profit from his holding, so while doing so he saw that his Bitcoin Stash us kinda reducing due to the withdrawing, so he may decide to buy some quantities using lump-summing or other convenience method, to purchase some quantities in order to coverup for those withdrawal he has made back then . It is not relevant that it must be same amount he withdrew, he might purchase quantities that's not up to the withdrawal or quantities that's more than that they have withdrew from Their holding .

It seems to me that in your example of having a goal of getting to 5 BTC, there might be some recognition of the ability to sell and/or to play around with the extra BTC if that same person had actually gotten to 6 BTC, so then the extra 1 BTC ends up being a overaccumulation cushion... that allows for more freedom.. so then maybe the 5 BTC becomes somewhat untouchable, yet the extra BT are able to have more flexibility in terms of whether some of them might be sold at various points.

Sure, 5 BTC might be enough too for a person who might be considering about 4 BTC is enough .. so 5 is more than enough..

And, so reassessments can be made at various points in regards to how much is enough and how to calculate how much of the stash might have more flexibility in terms of potentially setting various sell price points or even selling certain quantities on regular bases on on  timeline and with formulas that you might calculate yourself.  My sustainable withdrawal thread goes over timeline and also price-based sustainable withdrawal considerations.

Having more than enough Bitcoin is the dream of all investors, just like you said that an investor planned to accumulate 5btc but was able to accumulate 6btc, it means that he can do whatever he like with the extra 1btc and it will be fine if he sells in some of it whenever he wants. He can still use his 1btc to serve as his emergency funds so that he only sells when a real emergency comes, so that he will not be carried away of selling too much.

Getting to a point of over-accumulation does tend to result in a lot of options that were not otherwise available during the time that accumulation was still taking place, and a person likely gets from 5 BTC to 6 BTC after a decent amount of hard struggles.. and sure there sometimes could come reassessments that end up allowing conclusions that 5 BTC is enough - and then recognizing that he has 6 BTC..

In regards to your suggestion that the extra BTC could serve as an emergency fund is not completely off point, since whenever anything is extra there are options with it - yet still it does not tend to be good practices to have your emergency fund denominated in something other than your own local currency... which truly having BTC as part of your emergency fund could lead to selling some of them at price points that are not very convenient.

But yeah even having 6 BTC rather than 5 BTC could cause the HODLer to feel comfortable to begin some kind of a sustainable withdrawal strategy - especially since he has extra BTC.  Even with a 6% withdrawal rate, there could be 0.025 to 0.03 BTC withdrawn every month... and it would take quite a while (several years) to deplete the amount down to 5 BTC.

You speak with so much wisdom here because selling your BTC for emergency funds just because you've accumulated more than your target sounds awkward to me accept you are selling to purchase a valuable real life assets or projects but as for anything relating to emergency funds, Bitcoin is too volatile and valuable to be sold for some common emergency funds. You know when we are talking of emergency funds some investors doesn't really understand the basis that it should be done with your local currency instead of selling Bitcoin. Bitcoin should not be sold to solve some immediate real life challenges but if it be on assets that can bring good proceeds then the need may arise considering the fact that you've got surplus in your portfolio.

[Hallroom]

[edited out]

So the best time for one to have such mindset that of buying back  is when they have already gotten themselves some good amount of Bitcoin stashed (having enough Bitcoin in their portfolio), like for instance a guy accumulation goal was for him to have 5 BTC , so after accumulating for some time he endup hitting that goal , so now he decide to continue with his holding though has done with the accumulating part . Then lateron he decided to start taken some profit from his holding, so while doing so he saw that his Bitcoin Stash us kinda reducing due to the withdrawing, so he may decide to buy some quantities using lump-summing or other convenience method, to purchase some quantities in order to coverup for those withdrawal he has made back then . It is not relevant that it must be same amount he withdrew, he might purchase quantities that's not up to the withdrawal or quantities that's more than that they have withdrew from Their holding .

It seems to me that in your example of having a goal of getting to 5 BTC, there might be some recognition of the ability to sell and/or to play around with the extra BTC if that same person had actually gotten to 6 BTC, so then the extra 1 BTC ends up being a overaccumulation cushion... that allows for more freedom.. so then maybe the 5 BTC becomes somewhat untouchable, yet the extra BT are able to have more flexibility in terms of whether some of them might be sold at various points.

Sure, 5 BTC might be enough too for a person who might be considering about 4 BTC is enough .. so 5 is more than enough..

And, so reassessments can be made at various points in regards to how much is enough and how to calculate how much of the stash might have more flexibility in terms of potentially setting various sell price points or even selling certain quantities on regular bases on on  timeline and with formulas that you might calculate yourself.  My sustainable withdrawal thread goes over timeline and also price-based sustainable withdrawal considerations.

Having more than enough Bitcoin is the dream of all investors, just like you said that an investor planned to accumulate 5btc but was able to accumulate 6btc, it means that he can do whatever he like with the extra 1btc and it will be fine if he sells in some of it whenever he wants. He can still use his 1btc to serve as his emergency funds so that he only sells when a real emergency comes, so that he will not be carried away of selling too much.

Getting to a point of over-accumulation does tend to result in a lot of options that were not otherwise available during the time that accumulation was still taking place, and a person likely gets from 5 BTC to 6 BTC after a decent amount of hard struggles.. and sure there sometimes could come reassessments that end up allowing conclusions that 5 BTC is enough - and then recognizing that he has 6 BTC..

In regards to your suggestion that the extra BTC could serve as an emergency fund is not completely off point, since whenever anything is extra there are options with it - yet still it does not tend to be good practices to have your emergency fund denominated in something other than your own local currency... which truly having BTC as part of your emergency fund could lead to selling some of them at price points that are not very convenient.

But yeah even having 6 BTC rather than 5 BTC could cause the HODLer to feel comfortable to begin some kind of a sustainable withdrawal strategy - especially since he has extra BTC.  Even with a 6% withdrawal rate, there could be 0.025 to 0.03 BTC withdrawn every month... and it would take quite a while (several years) to deplete the amount down to 5 BTC.

You speak with so much wisdom here because selling your BTC for emergency funds just because you've accumulated more than your target sounds awkward to me accept you are selling to purchase a valuable real life assets or projects but as for anything relating to emergency funds, Bitcoin is too volatile and valuable to be sold for some common emergency funds. You know when we are talking of emergency funds some investors doesn't really understand the basis that it should be done with your local currency instead of selling Bitcoin. Bitcoin should not be sold to solve some immediate real life challenges but if it be on assets that can bring good proceeds then the need may arise considering the fact that you've got surplus in your portfolio.

The more bitcoins you accumulate, the more folding you own, and the heavier your portfolio will be if the bitcoin market advances by seeing the next future high. But you definitely need a plan on how you will accumulate bitcoins and how long you will hold bitcoins for. Because the more you plan, the more you can save your bitcoin investments.

[barisbilgili]

No one feels that bitcoin is not growing in a positive direction, it will always do that all the time. But will it reach $100K? I am very sure it will happen at the end of the year before it will actually reach the renewable ATH in 2025. Maybe it is currently being prepared for a correction first and will not immediately rise because it still has a long time. A correction will provide an impetus for bitcoin to reach its best peak.
The time when there is a correction is to buy and hold. If it is too expensive, there could be potential altcoin alternatives that are cheaper.

I am quite confident that we will see a price of $100K in the near future because currently the support for Bitcoin is strong and we can also see it when the correction is not too deep (not the same as what happened in previous years) so I think that can be a reference for us to compare to what will happen in the future.
After the Bitcoin Halving there will usually be a Bitcoin price correction before it increases rapidly and currently we are in the midst of a small correction that is occurring so indeed if you believe you will see a price of $100K at the end of the year that is quite logical in fact I think it could be faster.

[JayJuanGee]

In regards to your suggestion that the extra BTC could serve as an emergency fund is not completely off point, since whenever anything is extra there are options with it - yet still it does not tend to be good practices to have your emergency fund denominated in something other than your own local currency... which truly having BTC as part of your emergency fund could lead to selling some of them at price points that are not very convenient.

that is true, it is good to have our emergency fund in fiat instead of having it bitcoin. you know sometimes people might be having issues of emergency and we just need the emergency fund to sort some things out but some factors may deprive us from get it immediately as expected or not having it  exactly as expected, such like:
1. Delay of transactions in mempool, someone may be trying to sell his coin in return of emergency fund during the period mempool is congested and transaction may delay just like the having period, when people find it difficult to trade there coin. some transaction where pending for a week or more with a higher TRX fee.
2. during the time of selling of BTC for emergency it could be that maybe your 1 btc at the rate of $70k may have fallen to $60 losing a huge amount of $10k.
3. Dollar/fiat may have dropped. for example you may have the opportunity to have sell your bitcoin when the price of bitcoin was high and your local fiat was also high, given you a more advantage of higher return but you didn't sell it that period. but you sold it during emergency when btc has dip and you currency to dollar has reduced, you will sell at lost which may be problematic. though it may be vise versa as the case may be but  there is a need to have have emergency fund in Fiat than I bitcoin, for the sake of unforseen circumstances and immediate spending.

For the most part the rule of thumb is to be keeping some value, such as emergency fund, float and/or reserves in dollars (or your local currency), and there are empowering reasons to be doing that, even if it might seem as if having so much money in dollars (or other fiat) is not really working capital.

At some point, a person might be so far above and beyond his own fuck you status that it no longer matters in terms of some of the employment in good cashflow managing practices, so in some of those regards, there could be some tendencies to just spend however you like and whenever you like without worrying about from where you are drawing your funds... .. yet there still could be limits, so lets say that the guy who had established that he needs 5 BTC to live and to be at fuck you status, but if he has 20 or even 50 BTC, then he has even more room to be flexible in his spending of bitcoin, even though it probably would still be better for him to engage in solid cashflow management practices, so sometimes the amount of need for discipline could end up going down if the wealth grows yet the spending is still way within sustainable limits even if the spending might be coming from places like bitcoin rather than from cash.  .. such as the ideas to spend your cash and your worst money first.... but if the value is so excessive and the budget is still well within sustainable limits an emergency fund might not even be needed to be kept when a person has already overly reached various wealth building goals.. whether having the wealth in bitcoin or in other places.. or even the person who might choose to keep all of his value in bitcoin, but if he is 5x to 10x higher than his fuck you status level, then there might be a so much extra room for error that it does not matter too much... if he might end up drawing from BTC funds even when BTC is at its lowest price points in a cycle... so for example in late 2022 when bitcoin prices were $15,500 to $17k, maybe a person with less than $500 costs per BTC does not really care, especially if he might have way more BTC than he needs, maybe even more than 100 BTC.. so a lot of cushion in his wealth...

[edited out]

So the best time for one to have such mindset that of buying back  is when they have already gotten themselves some good amount of Bitcoin stashed (having enough Bitcoin in their portfolio), like for instance a guy accumulation goal was for him to have 5 BTC , so after accumulating for some time he endup hitting that goal , so now he decide to continue with his holding though has done with the accumulating part . Then lateron he decided to start taken some profit from his holding, so while doing so he saw that his Bitcoin Stash us kinda reducing due to the withdrawing, so he may decide to buy some quantities using lump-summing or other convenience method, to purchase some quantities in order to coverup for those withdrawal he has made back then . It is not relevant that it must be same amount he withdrew, he might purchase quantities that's not up to the withdrawal or quantities that's more than that they have withdrew from Their holding .

It seems to me that in your example of having a goal of getting to 5 BTC, there might be some recognition of the ability to sell and/or to play around with the extra BTC if that same person had actually gotten to 6 BTC, so then the extra 1 BTC ends up being a overaccumulation cushion... that allows for more freedom.. so then maybe the 5 BTC becomes somewhat untouchable, yet the extra BT are able to have more flexibility in terms of whether some of them might be sold at various points.

Sure, 5 BTC might be enough too for a person who might be considering about 4 BTC is enough .. so 5 is more than enough..

And, so reassessments can be made at various points in regards to how much is enough and how to calculate how much of the stash might have more flexibility in terms of potentially setting various sell price points or even selling certain quantities on regular bases on on  timeline and with formulas that you might calculate yourself.  My sustainable withdrawal thread goes over timeline and also price-based sustainable withdrawal considerations.

Having more than enough Bitcoin is the dream of all investors, just like you said that an investor planned to accumulate 5btc but was able to accumulate 6btc, it means that he can do whatever he like with the extra 1btc and it will be fine if he sells in some of it whenever he wants. He can still use his 1btc to serve as his emergency funds so that he only sells when a real emergency comes, so that he will not be carried away of selling too much.

Getting to a point of over-accumulation does tend to result in a lot of options that were not otherwise available during the time that accumulation was still taking place, and a person likely gets from 5 BTC to 6 BTC after a decent amount of hard struggles.. and sure there sometimes could come reassessments that end up allowing conclusions that 5 BTC is enough - and then recognizing that he has 6 BTC..

In regards to your suggestion that the extra BTC could serve as an emergency fund is not completely off point, since whenever anything is extra there are options with it - yet still it does not tend to be good practices to have your emergency fund denominated in something other than your own local currency... which truly having BTC as part of your emergency fund could lead to selling some of them at price points that are not very convenient.

But yeah even having 6 BTC rather than 5 BTC could cause the HODLer to feel comfortable to begin some kind of a sustainable withdrawal strategy - especially since he has extra BTC.  Even with a 6% withdrawal rate, there could be 0.025 to 0.03 BTC withdrawn every month... and it would take quite a while (several years) to deplete the amount down to 5 BTC.

You speak with so much wisdom here because selling your BTC for emergency funds just because you've accumulated more than your target sounds awkward to me accept you are selling to purchase a valuable real life assets or projects but as for anything relating to emergency funds, Bitcoin is too volatile and valuable to be sold for some common emergency funds.

Yeah but Frankolala was not talking about selling BTC for emergency funds, but instead using the extra BTC funds as part of his emergency funds.

You know when we are talking of emergency funds some investors doesn't really understand the basis that it should be done with your local currency instead of selling Bitcoin. Bitcoin should not be sold to solve some immediate real life challenges but if it be on assets that can bring good proceeds then the need may arise considering the fact that you've got surplus in your portfolio.

Generally, I think that it is still preferable to engage in better cash management practices, even if you have excess value, but you get more and more freedoms the higher your value gets, so you may well not be needing to be as strict as you had been in the earlier days, but the mere fact that you can get away with not being as strict does not necessarily justify engaging in sloppy practices.. even though sometimes some extra risks might be taken (and even afforded to be taken) based on various aspects of having excess wealth, whether held in bitcoin or otherwise.

[Smilevictorobinna]

No one feels that bitcoin is not growing in a positive direction, it will always do that all the time. But will it reach $100K? I am very sure it will happen at the end of the year before it will actually reach the renewable ATH in 2025. Maybe it is currently being prepared for a correction first and will not immediately rise because it still has a long time. A correction will provide an impetus for bitcoin to reach its best peak.
The time when there is a correction is to buy and hold. If it is too expensive, there could be potential altcoin alternatives that are cheaper.

I am quite confident that we will see a price of $100K in the near future because currently the support for Bitcoin is strong and we can also see it when the correction is not too deep (not the same as what happened in previous years) so I think that can be a reference for us to compare to what will happen in the future.
After the Bitcoin Halving there will usually be a Bitcoin price correction before it increases rapidly and currently we are in the midst of a small correction that is occurring so indeed if you believe you will see a price of $100K at the end of the year that is quite logical in fact I think it could be faster.

I honestly don't think that bitcoin will reach $100,000 before halving, though I am not saying it's completely impossible, but it's hard, and if this does happen before the halving takes place, I honestly do not have any plan currently, which also means that, I will be holding still, I might decide to take some profit, but then, I still will be holding for I believe that, if bitcoin reaches the price of $100k before halving, there is the over all chances that the price could go alot higher after the halving comes and goes.

We can can remember that in previous circles, we usually don't get to see any major bitcoin price movement in the upward side until after the halving have come and gone, but this circle seems a bit different from the others, this is why I still believe that this season's bull run might be the biggest we've ever seen and might ever see again in the entire history and future of bitcoin and crypto currencies in general, so, we all should not fumble our bags no matter what, you might sell hoping to buy back at a cheaper rate after price correction, only to end up either buying back at a higher price, or stay locked out from participating and gaining from the upward price movement.

[laijsica]

No one feels that bitcoin is not growing in a positive direction, it will always do that all the time. But will it reach $100K? I am very sure it will happen at the end of the year before it will actually reach the renewable ATH in 2025. Maybe it is currently being prepared for a correction first and will not immediately rise because it still has a long time. A correction will provide an impetus for bitcoin to reach its best peak.
The time when there is a correction is to buy and hold. If it is too expensive, there could be potential altcoin alternatives that are cheaper.

I am quite confident that we will see a price of $100K in the near future because currently the support for Bitcoin is strong and we can also see it when the correction is not too deep (not the same as what happened in previous years) so I think that can be a reference for us to compare to what will happen in the future.
After the Bitcoin Halving there will usually be a Bitcoin price correction before it increases rapidly and currently we are in the midst of a small correction that is occurring so indeed if you believe you will see a price of $100K at the end of the year that is quite logical in fact I think it could be faster.

I honestly don't think that bitcoin will reach $100,000 before halving, though I am not saying it's completely impossible, but it's hard, and if this does happen before the halving takes place, I honestly do not have any plan currently, which also means that, I will be holding still, I might decide to take some profit, but then, I still will be holding for I believe that, if bitcoin reaches the price of $100k before halving, there is the over all chances that the price could go alot higher after the halving comes and goes.

We can can remember that in previous circles, we usually don't get to see any major bitcoin price movement in the upward side until after the halving have come and gone, but this circle seems a bit different from the others, this is why I still believe that this season's bull run might be the biggest we've ever seen and might ever see again in the entire history and future of bitcoin and crypto currencies in general, so, we all should not fumble our bags no matter what, you might sell hoping to buy back at a cheaper rate after price correction, only to end up either buying back at a higher price, or stay locked out from participating and gaining from the upward price movement.

You might be a bit skeptical of Bitcoin's price stability touching $100k before the halving. But in this case you might be right but more likely not because most holders are focused on increasing the size of their stash. On a closer look at the market conditions, you will see that it has not been in much of a bearish movement over the past few weeks. The price looks a bit bearish when the holders show their sell trend in the market. I think most bitcoin holders want to get their stash to a positive level ie $100k.

I think the next bullish period is going to be long and will hit the desired target level. Although many may doubt it a bit but I am pretty sure it is going to happen. We should not confuse away from holding Bitcoin when we see its future well. Basically, it is not right to rule out the possibility of the opposite, because the upswing or downswing of the market depends on the global situation. But I decided to go for long term holding because the market and price of Bitcoin shows me a lot of hope that it may touch $100k within this year.

[Makus]

I honestly don't think that bitcoin will reach $100,000 before halving, though I am not saying it's completely impossible, but it's hard, and if this does happen before the halving takes place, I honestly do not have any plan currently, which also means that, I will be holding still

Smilevictorobinna it's too early to start making such assumptions and predictions towards the next Bitcoin having, because Bitcoin has been in a potential state of increasing more than $100k. When the bull run starts I believe Bitcoin will get to $100k.
On the other hand if you are talking about the already existing Bitcoin Halving then you need to know that we are already at the Bitcoin halving which took place on the 19th of April, and we are currently in the price correction which seems to be in a sideways trend. Once Bitcoin break through the resistance point which happens to be the ATH, we will definitely be experiencing a bullish trend. I believe Bitcoin will get to $100k at towards the ending part of this year or at the first half of next year.

I might decide to take some profit, but then, I still will be holding

Sure holding is the right thing to, don't let the predictions of some analysts gets into your head as it could be mere predictions, Bitcoin will get to $100k very soon. But taking some profit now would be a bad idea as Bitcoin is still having the potential of increasing after the  price correction. There is a need to have an emergency fund saved to cover up to 3 months of your spendings so that you won't need to go back and forth with you Bitcoin investment. The goal is to have a long term Bitcoin holding and once you begin to temper your investment you might not hold for long.

[Bravut]

I honestly don't think that bitcoin will reach $100,000 before halving, though I am not saying it's completely impossible, but it's hard, and if this does happen before the halving takes place, I honestly do not have any plan currently, which also means that, I will be holding still

Smilevictorobinna it's too early to start making such assumptions and predictions towards the next Bitcoin having, because Bitcoin has been in a potential state of increasing more than $100k. When the bull run starts I believe Bitcoin will get to $100k.
On the other hand if you are talking about the already existing Bitcoin Halving then you need to know that we are already at the Bitcoin halving which took place on the 19th of April, and we are currently in the price correction which seems to be in a sideways trend. Once Bitcoin break through the resistance point which happens to be the ATH, we will definitely be experiencing a bullish trend. I believe Bitcoin will get to $100k at towards the ending part of this year or at the first half of next year.

I might decide to take some profit, but then, I still will be holding

Sure holding is the right thing to, don't let the predictions of some analysts gets into your head as it could be mere predictions, Bitcoin will get to $100k very soon. But taking some profit now would be a bad idea as Bitcoin is still having the potential of increasing after the  price correction. There is a need to have an emergency fund saved to cover up to 3 months of your spendings so that you won't need to go back and forth with you Bitcoin investment. The goal is to have a long term Bitcoin holding and once you begin to temper your investment you might not hold for long.

As you said, this cycle has seen halving the difference from previous cycle is seeing ATH before halving, which is forming the resistance of which price is ranging, we are all anticipating $100k which is good but as I have said before I only need price break the ATH before I expect any move if it doesn't then we expect more sideway movement.

In essence, we all need to be patient, accumulate and hold because it might not happen suddenly as the most important thing is our holdings and how far we aim to build a solid Bitcoin portfolio.

[bitmover]

Getting to a point of over-accumulation does tend to result in a lot of options that were not otherwise available during the time that accumulation was still taking place, and a person likely gets from 5 BTC to 6 BTC after a decent amount of hard struggles.. and sure there sometimes could come reassessments that end up allowing conclusions that 5 BTC is enough - and then recognizing that he has 6 BTC..

In regards to your suggestion that the extra BTC could serve as an emergency fund is not completely off point, since whenever anything is extra there are options with it - yet still it does not tend to be good practices to have your emergency fund denominated in something other than your own local currency... which truly having BTC as part of your emergency fund could lead to selling some of them at price points that are not very convenient.

But yeah even having 6 BTC rather than 5 BTC could cause the HODLer to feel comfortable to begin some kind of a sustainable withdrawal strategy - especially since he has extra BTC.  Even with a 6% withdrawal rate, there could be 0.025 to 0.03 BTC withdrawn every month... and it would take quite a while (several years) to deplete the amount down to 5 BTC.

I agree that bitcoin certainly should not be an emergency fund, as you may need to sell it in low prices.

I also see bitcoin as an insurance, in case things don't go well in the global economy or locally here in Brazil.

 In this sense, bitcoin can save me in possible emergencies in the Brazilian economy. but this is different from an emergency fund

[Smilevictorobinna]

I honestly don't think that bitcoin will reach $100,000 before halving, though I am not saying it's completely impossible, but it's hard, and if this does happen before the halving takes place, I honestly do not have any plan currently, which also means that, I will be holding still

Smilevictorobinna it's too early to start making such assumptions and predictions towards the next Bitcoin having, because Bitcoin has been in a potential state of increasing more than $100k. When the bull run starts I believe Bitcoin will get to $100k.
On the other hand if you are talking about the already existing Bitcoin Halving then you need to know that we are already at the Bitcoin halving which took place on the 19th of April, and we are currently in the price correction which seems to be in a sideways trend. Once Bitcoin break through the resistance point which happens to be the ATH, we will definitely be experiencing a bullish trend. I believe Bitcoin will get to $100k at towards the ending part of this year or at the first half of next year.

I don't know, but several cycles have proven that BTC price movements are unpredictable. But reaching $100K is possible. But when, you will never know. So far the decline in the price of BTC is still reasonable. This is similar to 2018 after the halving. This year is also similar, but there are slight differences due to poor macro-financial conditions. I still believe that BTC still has confidence and is capable of returning to ATH.

Bitcoin can get to 100k this year is possible I just did some search about the history of Bitcoin halving and I believe Is possible but still no body can tell it may reach or may not.

                       Bitcoin Halving Dates History
     
         2012 Halving
The 2012 block halving was the first halving and happened on November 28th, 2012. The halving block was mined by SlushPool by someone using a Radeon HD 5800 miner.

New BTC Per Block Before: 50 BTC per block
New BTC Per Block After: 25 BTC per block
Price on Halving Day: $12.35
Price 150 Days Later: $127.00

       2016 Halving
The second halving occurred on July 9th, 2016.

New BTC Per Block Before: 25 BTC per block
New BTC Per Block After: 12.5 BTC per block
Price on Halving Day: $650.63
Price 150 Days Later: $758.81

     2020 Halving
The third halving occurred on May 11, 2020.

New BTC Per Block Before: 12.5 BTC per block
New BTC Per Block After: 6.25 BTC per block
Price on Halving Day: $8821.42
Price 150 Days Later: $10,943.00

     Current Bitcoin Block Subsidy
The current Bitcoin block subsidy is 6.25 bitcoins per block. When block 840,000 is hit in 2024, the subsidy will drop to 3.125 bitcoins (BTC) per block.

[JayJuanGee]

Getting to a point of over-accumulation does tend to result in a lot of options that were not otherwise available during the time that accumulation was still taking place, and a person likely gets from 5 BTC to 6 BTC after a decent amount of hard struggles.. and sure there sometimes could come reassessments that end up allowing conclusions that 5 BTC is enough - and then recognizing that he has 6 BTC..

In regards to your suggestion that the extra BTC could serve as an emergency fund is not completely off point, since whenever anything is extra there are options with it - yet still it does not tend to be good practices to have your emergency fund denominated in something other than your own local currency... which truly having BTC as part of your emergency fund could lead to selling some of them at price points that are not very convenient.

But yeah even having 6 BTC rather than 5 BTC could cause the HODLer to feel comfortable to begin some kind of a sustainable withdrawal strategy - especially since he has extra BTC.  Even with a 6% withdrawal rate, there could be 0.025 to 0.03 BTC withdrawn every month... and it would take quite a while (several years) to deplete the amount down to 5 BTC.

I agree that bitcoin certainly should not be an emergency fund, as you may need to sell it in low prices.

I also see bitcoin as an insurance, in case things don't go well in the global economy or locally here in Brazil.

 In this sense, bitcoin can save me in possible emergencies in the Brazilian economy. but this is different from an emergency fund

You are describing bitcoin in terms of a hedge function, so yeah that is a bit different from an emergency fund, even though each of us still need to consider various kinds of options that we have available to us in terms of where we hold our value and how much disposable income that we might have available to continue to add to our bitcoin investment and any other investments that we might have  - while at the same time we surely have our monthly expenses, and there can be quite a bit of variance both in terms of how much monthly income that we can generate and whether our income and/or our expenses are varying to a large degree,

...and surely the more that our income and expenses vary, then the more likely that we have to keep some of our funds in our local currency in the forum of emergency funds, reserves and/or float.. which may well take away from how much we are either able to keep in bitcoin or to put in bitcoin.. and surely each of us are tempted by wanting to make sure that the extra value that we hold (even in local currencies) is working in some kind of way rather than either not gaining in value or excessively losing value.. and at the same time, we have to be careful not to get too greedy in terms of how much we feel that we need our capital to be working, because sometimes even those various funds that are held as emergency, reserves and float will end up serving their purposes. .including that the larger our bitcoin holdings, then maybe we are not going to want to be dipping into it at times that are not convenient.. but then we have to have money in reserves and float so that we dont have to touch our emergency funds either, unless an actual real emergency takes place.. ..so it would be a shame if we prematurely ended up using our emergency funds and then end up having to dip into our BTC at a time that was not at our own choosing when the actual emergency ended up coming.. so in a better case scenario world, we might well go 20-30 years or longer and never have to even touch our emergency funds because whenever we have shortfalls in cash we spend from our float and/or from our reserves.

[wxa7115]

Smilevictorobinna it's too early to start making such assumptions and predictions towards the next Bitcoin having, because Bitcoin has been in a potential state of increasing more than $100k. When the bull run starts I believe Bitcoin will get to $100k.
On the other hand if you are talking about the already existing Bitcoin Halving then you need to know that we are already at the Bitcoin halving which took place on the 19th of April, and we are currently in the price correction which seems to be in a sideways trend. Once Bitcoin break through the resistance point which happens to be the ATH, we will definitely be experiencing a bullish trend. I believe Bitcoin will get to $100k at towards the ending part of this year or at the first half of next year.

I don't know, but several cycles have proven that BTC price movements are unpredictable. But reaching $100K is possible. But when, you will never know. So far the decline in the price of BTC is still reasonable. This is similar to 2018 after the halving. This year is also similar, but there are slight differences due to poor macro-financial conditions. I still believe that BTC still has confidence and is capable of returning to ATH.

Bitcoin can get to 100k this year is possible I just did some search about the history of Bitcoin halving and I believe Is possible but still no body can tell it may reach or may not.

edited

Bitcoin is extremely volatile and its movements can be erratic, but bitcoin is not completely unpredictable, since it moves in a pattern which can be described as seasonal and it is exploited by investors already.

Now the question about when a particular price level could be reached, if it happens at all, is key for traders, but for investors it is a moot point, since if you are going to employ a DCA strategy or buy the dip, and you plan on holding your coins for years, does it matter if bitcoin reaches 100k tomorrow, in a month or a year? It does not, as you will remain invested in bitcoin and you will get all the benefits from that price increase anyway.

[Smilevictorobinna]

Getting to a point of over-accumulation does tend to result in a lot of options that were not otherwise available during the time that accumulation was still taking place, and a person likely gets from 5 BTC to 6 BTC after a decent amount of hard struggles.. and sure there sometimes could come reassessments that end up allowing conclusions that 5 BTC is enough - and then recognizing that he has 6 BTC..

In regards to your suggestion that the extra BTC could serve as an emergency fund is not completely off point, since whenever anything is extra there are options with it - yet still it does not tend to be good practices to have your emergency fund denominated in something other than your own local currency... which truly having BTC as part of your emergency fund could lead to selling some of them at price points that are not very convenient.

But yeah even having 6 BTC rather than 5 BTC could cause the HODLer to feel comfortable to begin some kind of a sustainable withdrawal strategy - especially since he has extra BTC.  Even with a 6% withdrawal rate, there could be 0.025 to 0.03 BTC withdrawn every month... and it would take quite a while (several years) to deplete the amount down to 5 BTC.

I agree that bitcoin certainly should not be an emergency fund, as you may need to sell it in low prices.

I also see bitcoin as an insurance, in case things don't go well in the global economy or locally here in Brazil.

 In this sense, bitcoin can save me in possible emergencies in the Brazilian economy. but this is different from an emergency fund

You are describing bitcoin in terms of a hedge function, so yeah that is a bit different from an emergency fund, even though each of us still need to consider various kinds of options that we have available to us in terms of where we hold our value and how much disposable income that we might have available to continue to add to our bitcoin investment and any other investments that we might have  - while at the same time we surely have our monthly expenses, and there can be quite a bit of variance both in terms of how much monthly income that we can generate and whether our income and/or our expenses are varying to a large degree,

...and surely the more that our income and expenses vary, then the more likely that we have to keep some of our funds in our local currency in the forum of emergency funds, reserves and/or float.. which may well take away from how much we are either able to keep in bitcoin or to put in bitcoin.. and surely each of us are tempted by wanting to make sure that the extra value that we hold (even in local currencies) is working in some kind of way rather than either not gaining in value or excessively losing value.. and at the same time, we have to be careful not to get too greedy in terms of how much we feel that we need our capital to be working, because sometimes even those various funds that are held as emergency, reserves and float will end up serving their purposes. .including that the larger our bitcoin holdings, then maybe we are not going to want to be dipping into it at times that are not convenient.. but then we have to have money in reserves and float so that we dont have to touch our emergency funds either, unless an actual real emergency takes place.. ..so it would be a shame if we prematurely ended up using our emergency funds and then end up having to dip into our BTC at a time that was not at our own choosing when the actual emergency ended up coming.. so in a better case scenario world, we might well go 20-30 years or longer and never have to even touch our emergency funds because whenever we have shortfalls in cash we spend from our float and/or from our reserves.

Truly in every investment general there is always a need for other means of savings which could be known as emergency funds or reserve funds, although they are both two different things but sometimes can be substitute for each other, so actually in terms of Bitcoin investment emergency funds plays a very vital role because is actually one of the determining factor of your investment success because if there is an emergency funds there is no way any unforseen need will stand as a barrier on your investment because you already have other funds that will take care of those needs. Actually this has been one of the challenges most investors are facing because they always get overwhelmed by there investment and forgetting the things that should be put in place in other for there investment to stay strong such as the emergency funds.

And yes is very possible to go 20-30 years or longer and never have to even touch our emergency funds because we have a good float and reserves funds, in other to hodl Bitcoin for long is advised to have an emergency fund, float and reserves funds.

[Velemir Sava]

The price wasn't so easy to hit $100k just that our instinct is so positive about Bitcoin hitting that amount though it behavior this period gave us a conviction and reason to believe that it will reach $100k. I have the feeling that it will reach $100k but not soon but Bitcoin reaching that amount is not my major concern rather my major concern is how to accumulate more and hold.

Friends, this period is indeed accumulating, since the OP's post at the beginning, the BTC price range was 70K -71K and the price has now dipped to $68,300, so that's not a problem for me. the problem is if we buy BTC and sell BTC to buy altcoins like memes. that's the most messy thing.

As for the price going to 100K, I don't have the slightest doubt, and about even higher predictions I have heard from well-known people, saying that BTC will be 150K in 2025 and that will soon become a reality.