Selling or holding this is each person's strategy. Watching a new bull run and subsequent gains will certainly always be anticipated, even looking forward to $100K which will be the target price of many people. Right now the price is still at $69k and it's still going down, however the current price is a good enough price to take advantage of if they've bought at a bottom price between $20ki-$30k and it still takes time to reach $100k.
Indeed some people expected with holding bitcoin until raise $100k seems its their own strategy depend bitcoin current price keep going drop and difficult break out,
I scared with all time high of bitcoin break out and over after raising $73k last several weeks ago and has rumor need waiting for upcoming four years later to see bitcoin make new ATH price.
Bitcoin have break more higher price since dropping under $20k, seems up to x4 realistic with bitcoin price in this year and I doubt with bitcoin has possibility will raise for $100k and hit more than x5 time since bitcoin crashing last year.
You seem to be amazed about relatively small bitcoin price moves. The bottom was $15,479 in November 2022, so yeah, currently we are a bit more than 4x over that bottom price and by the time we get to $100k, that would be nearly 6.5x higher than that bottom price.. .. .. and so the question still becomes how to deal with that kind of price appreciation and also to figure out if it is a good idea to sell some of your bitcoin or not. .which surely has to do with your own personal circumstances regarding how long you might have been in bitcoin and how long you have been accumulating bitcoin.
Someone like you have been registered on the forum for nearly 7 years so if you had been persistently and ongoingly accumulating BTC for the past
7 years at $100 per week, you would have invested $36.6k and you would have accumulated nearly 4 BTC (worth nearly $280k), which seems like something like that would give you options, but not necessarily in a position to start to sell BTC.. unless you might have had been injecting more value and investing more into BTC in order to front load your investment, then maybe you would be in a position to start to sell some of it. Sure in the end, it is up to you how to manage your BTC holdings.
In my opinion, Bitcoin's path to $100k seems likely this year. Moreover, Bitcoin reached above $73k before the halving occurred. However, to reach the price of $100k, Bitcoin will experience a slight decline and this happened when after reaching $73k Bitcoin fell to $64k and now the price of Bitcoin has risen again above $70k.
While many are predicting about a nosedive before the halving happens, maybe it's already done and that's going to fuel the skyrocketing soon. We might see this year that we'd be close to $80k because this 2nd quarter is just about to start. $100k can happen for this year because of how things have changed and based on the movement of Bitcoin for the past months, we can literally see some $1k-$3k move upwards in less than a day. That's very possible if you'd see the charts and that's why many are hoping that it might happen this year for which it didn't last 2021 bull run.
Of course the dynamics for this particular bullmarket is going to be different from the dynamics of the 2021 bullmarket, so in that regard, we seem to be largely just starting this bullmarket as compared with 2021 being towards the end of that particular bull market.. and at the same time, we can never really know for sure if we are in the beginning, the middle or the end, but we should still attempt to prepare ourselves for a variety of possibilities and not merely expecting that since currently we are in all time highs and that we are experiencing greater amounts of UPwards price movements that the upwards movements are not sufficiently sustainable.
The fact of the matter remains that more and more BIGGER money is coming into the bitcoin space, and surely the BIGGER money can push the BTC price in either direction, but if you are merely preparing for down rather than UP, then you are likely not very prepared or even understanding what bitcoin is in terms of remaining an investment to hold for the long term and continuing to make sure that you have enough of it. and if you don't you have to continue to buy until you feel that you have enough or more than enough...
By the way, you cannot prepare for up or even to make sure that you have enough BTC by selling your BTC, so the best tactic for making sure that you have enough is keep buying until you have come to a reasonable conclusion that you do have enough..
The variability of the price is at its highest right now in my opinion. In the past we might estimate a bit the fluctuations but with the new ATH and the drop just few days later to $62k and the move forward again makes things harder to trace.
Many people found the new ATH is the best moment for them to sell their coins until they witness a new bullrun and so on!
Selling or holding this is each person's strategy. Watching a new bull run and subsequent gains will certainly always be anticipated, even looking forward to $100K which will be the target price of many people. Right now the price is still at $69k and it's still going down, however the current price is a good enough price to take advantage of if they've bought at a bottom price between $20ki-$30k and it still takes time to reach $100k.
Seems a bit short-sighted to be wanting to trade this, and sure you can make some dollar profits, but you seem to not understand and/or appreciate the asset that you have if you think that it is a good idea to be selling your BTC (except of course if you have too much of it, then in those cases you might be in a position to sell some of it).
I was just reading of 150k prediction was made 2019 based off of the overall trend in BTC, a reasonable estimate apparently. Ultimately I'am reminded of the 20k top and the chaos that ensued before during and after that apparent good news.
I'm generally for the overall rise in BTC rather the peaks, the drama and chaos I can do without and do think it does damage and in some cases deters people perhaps forever because volatility is a negative even when it delivers mountain tops that touch space. If we get 100k or 150k or whatever I dont think it lasts, I'd be happy enough just wandering around between here and higher prices for the next five years and I think thats more productive and conducive to business progressing with BTC.
Bitcoin doesn't work like that. We are both in the midst of a war and also the greatest transfer of wealth that man has ever seen, and your little wishes for stability seem to be pie in the sky..,. for the most part, one of the most certain things about bitcoin is that it is going to be ongoingly volatile.. at least in terms of spot price.
On the other hand, if you want stability and to value your BTC holdings from the 200-WMA, that 200-WMA continues to be pretty stable and ongoingly moving up.. .. so that would be one way of achieving stability through bitcoin if that might be what you are seeking. It seems like a long shot to get BTC spot price stability until BTC spot prices are at least 10x of gold's market cap, which well could take a while to achieve.. perhaps a few more cycles.. . and so then maybe (not guaranteed) between 10x and 1,000x of gold's market cap, BTC might become a bit more stable (relatively speaking) while it is moving through that price range.
By the way, currently BTC is about 1/10 gold price so to get to 10x gold's price there would need to be a 100x price increase in bitcoin, relative to gold... so $5 million per BTC in today's prices.
I like to predict Bitcoin price with a long term projection in mind, because I'm into it's investment, so on the short term we'll expect the normal slight pump and dump, then the price will then correct itself, depending on the season. Since we're in bull season, I don't worry myself on the short term price fluctuations, it reached new ATH at over $72k, then dipped to $65k, now it has rallied to $69k, this is why I can predict that price will hit $100k before the end of this year. Before the bear run starts to set in, I'm hoping that we'll see a new ATH of $200k, so this is a call for believers to have faith and keep accumulating, they're still assured of ROI in the peak of bull run.
You do not sound like a long term investor in BTC - merely because you are anticipating higher than $100k prices for BTC for this cycle and the mere fact that you are looking for $200k, rather than $100k for this cycle, does not make you a long term investor into BTC.. In other words, you seem to be merely anticipating a possible swing in BTC prices that goes up to $200k and you are willing to hold BTC up until that amount... That still does not contribute towards your being a long term investor in BTC.
I would suggest that a long term investor does not get focused on BTC price, but just gets more focused on mostly just holding BTC, and if he has enough BTC he can start to sell at any price, and if he does not have enough BTC then he can continue to buy it until he has enough, or better yet more than enough.
In my opinion, Bitcoin's path to $100k seems likely this year. Moreover, Bitcoin reached above $73k before the halving occurred. However, to reach the price of $100k, Bitcoin will experience a slight decline and this happened when after reaching $73k Bitcoin fell to $64k and now the price of Bitcoin has risen again above $70k.
Yes, like you, I think it's only a matter of time before Bitcoin hits $100k this year. Although many predicted that the price of Bitcoin would reach $100k before the Bitcoin Halving, it is now doubtful whether this will be possible. Because we have seen bitcoin price rise and even bitcoin price fall few days ago. The price of Bitcoin has never seen such a surge in value as it has seen this year. The price of Bitcoin rose to a unique height this year which was an all-time high. One of the reasons why the price of Bitcoin has risen so much in recent years is the approval of Bitcoin ETFs, and one of the reasons is that the Bitcoin market will undergo a four-year cycle this year. After the Bitcoin cycle we can see a bullish period in the market then we can imagine that the price of Bitcoin will go up a lot more.
Your analysis sounds confused... there have been greater surges in the past, so if you are referring to "great surges" it might be helpful to consider whether a surge is great or not based on percentages rather than absolute numbers, and yeah, sure there is a place for assessments based on absolute price moves and/or based on percentages, yet we still should be attempting to put these matters in perspective - especially if we might compare some of the past cycles, and also yeah, I am not expecting that bitcoin is going to be able to achieve as great of percentage moves as it was able to obtain in the past, but there still can be some short term BTC price moves that resemble past moves in terms of their percent movement.. and also based on the fact that there are BIGGER amounts of money being thrown around since in current times there are more institutions and rich persons getting into bitcoin as compared to some of the past cycles, including that each cycle has involved bigger and Bigger and BIGger players..
In my opinion, Bitcoin's path to $100k seems likely this year. Moreover, Bitcoin reached above $73k before the halving occurred. However, to reach the price of $100k, Bitcoin will experience a slight decline and this happened when after reaching $73k Bitcoin fell to $64k and now the price of Bitcoin has risen again above $70k.
The current price range could also provide encouragement for Bitcoin to go to $100K if the conditions of the crypto market trend itself do not experience bad things so that price changes for Bitcoin by continuing to increase the price towards $100K are very possible. But on the one hand, we all also need to hope that in the near future we will not release Bitcoin before this price is reached by Bitcoin because it will be easier for Bitcoin to happen if Bitcoin holders can continue to increase and those who own Bitcoin do not immediately sell for a small profit.
You can sell or not.. BTC prices are still likely going to continue to go up.. so you are just hurting yourself if you end up selling too much too soon, even though you seem to be trying to figure out the top for this cycle... and if you think that $100k or even $150k is the top, you may well end up not getting it right and then you end up selling too much BTC too soon.
In my opinion, Bitcoin's path to $100k seems likely this year. Moreover, Bitcoin reached above $73k before the halving occurred. However, to reach the price of $100k, Bitcoin will experience a slight decline and this happened when after reaching $73k Bitcoin fell to $64k and now the price of Bitcoin has risen again above $70k.
Yes, like you, I think it's only a matter of time before Bitcoin hits $100k this year. Although many predicted that the price of Bitcoin would reach $100k before the Bitcoin Halving, it is now doubtful whether this will be possible. Because we have seen bitcoin price rise and even bitcoin price fall few days ago. The price of Bitcoin has never seen such a surge in value as it has seen this year. The price of Bitcoin rose to a unique height this year which was an all-time high. One of the reasons why the price of Bitcoin has risen so much in recent years is the approval of Bitcoin ETFs, and one of the reasons is that the Bitcoin market will undergo a four-year cycle this year. After the Bitcoin cycle we can see a bullish period in the market then we can imagine that the price of Bitcoin will go up a lot more.
The expectation that bitcoin will reach $100k before the halving is actually a bit too high, I also don't think we can get there with just over 20 days left until the halving. And I also agree with you that the $100K goal will most likely happen this year. But I think before bitcoin reaches $100k, there will be significant corrections, and I expect those corrections to happen after the halving. I don't think bitcoin's path to $100k will be easy and without any obstacles.
Yeah.. who knows if there might be some resistance prior to $100k .. In recent times, I had frequently considered that the range of $55k to $82k to be a kind of lack of resistance zone, and so then there would be resistance prior to $100k, yet since we seemed to have been experiencing so much resistance in this $55k to $82k zone, then that could end up changing the dynamics for pre-$100k resistance and the extent to which resistance might be strong at those pre-$100k levels.
I doubt that we can know with certainty how deep any correction is going to be or how much resistance is going to exist at any particular price level, yet we might have some decent ideas that buying pressures are way more capable of keeping up while the BTC price is moving up as long as there are some pausing periods along the way, and if it seems that there has been a sufficient amount of time that buying pressure has been able to keep up with the BTC upward price moves, then it might become somewhat unrealistic to expect great price corrections merely based on the BTC price is continuing to move up without any great corrections... but if it is moving up slowly enough then the great correction might well be a lot less necessary than you are making it out to be.
For me it's better to just observed the market and be ready for any fall in price and then re-buy and continue to invest even if we enter the bull run or after the halving run. Market price is very volatile, there is no assurance that we might not see any correction. And this is the first time that we have seen new ath pre-halving, so it could be scary for some investors.
Yeah, at the same time buying the dip is the most important part but we are not at the dip anymore, so all you can do is constantly keep buying whenever you get some money, that's how you should approach this in the end.
DCA, yeah it is our best friend and strategy all throughout, regardless if we are in the bear or bull market, and as long as our goal is long term, DCA is the plan.
I believe that we are going to end up with a good return here and there, which should be the most important part. I get that people are not approaching things like they are the most valuable things, but that doesn't mean that we are going to end up with a great increase right away, so we still have time to buy some bitcoins. If we do that, from 70k to 100k means nearly 50% profit, and that is great for half a year time, and in half a year that could happen. This is why we should be considering investing even at this price.
Best time to buy is in the bear market, but then again, profit is profit so whenever we buy at $65k, and the bull ended at $150k++, that is already a x2 gain and we will take that. Problem is there are people who are greedy who wants more profit. But in this bull run, everyone will have a slice in the pie so whatever it is, still that is profit that we will take.
That is why a lot of guys who get into bitcoin have a lot of fun staying poor - because they are so excited about 2x profits.. seems a bit ridiculous given bitcoin as the most pristine asset known to man, and some guys are monkeying around with short-term profits that may well end up resulting in not so great of a plan as compared to the guys who figure out ways to both hold BTC long term but also to advantage from the ongoing compounding of their BTC investment so long as they mostly continue to hold it over long periods of time..... even guys who got in from 2015 have gone through around 8 or so doublings, which end up resulting in around 256x returns.. even though each doubling does not seem that great, but when a doubling doubles upon an earlier doubling and it keeps happening, there are compounding effects on the value that they hold. I outline some of the compound dynamics in
this post.~Snip
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?
It is certain that the price of bitcoin will experience a decline first before reaching $100K. Because the proof is that today the price of bitcoin is at $67K. So it is clear that the price of bitcoin will definitely fall first (experience a correction).
Wow. Where did get to be such an expert upon where the BTC price is likely to go, and it surely seems a bit dangerous to conclude that a dip, from here, is inevitable.. but anyhow you do you, and hopefully not too many people are listening to your nonsense in terms of their own preparations from here on out, especially if they might not have much if any quantity of BTC.
Another thing is that hopefully you and/or other folks are not too overly reliant on the idea that the BTC price has to go down before it is going up.. otherwise you may well find yourself with way fewer coins than you should have had and inadequately prepared for up.
You have ONLY been registered on the forum for around a year and a half, so I have a hard time speculating that you are sufficiently and/or adequately prepared for UP, unless you front loaded your investment a lot in the past year and a half.
Instead, you sound like someone who might be trying to play the waves in BTC prices and you may well end up being on the wrong side of those kinds of prognostications.
But don't worry, friend, because the decline in Bitcoin prices before or after the Halving is very normal.
It does not mean that it is going to happen.
Because as far as I know, in every 4 year bitcoin halving cycle, the price of bitcoin always experiences a cycle like that.
So?
So you don't need to worry about the current price decline (after and before the Halving) because after that usually the price of bitcoin will rise again and most likely the price will actually be higher than now (Bullish market). Maybe when the time comes (Bullish market) the price of bitcoin will most likely reach $80K-$100K.
Your targets for UP seem quite reserved too.
So what you have to do now is be patient until the price of bitcoin reaches ($100K) and if you have cold hard cash, it is better to keep adding to your bitcoin assets.
This part of your "advice" is probably reasonable, even though you seem to be focusing on $100k rather than focusing on how much BTC any particular person might have in comparison to how much they might want or need.
In essence, don't focus too much on the price decline that occurred in bitcoin. Because price drops always happen.
This part is true too, so you are not completely looney.
One of the most inevitable things in bitcoin is that the price is volatile, but we still cannot know which direction, or which direction first, even though an overwhelming majority of folks are insufficiently and inadequately prepared for up.. so most people likely need to continue to prepare for up rather than fucking around in regards to preparing for dips that may or may not happen..
Sure, no problem keeping money available to buy on dips, but I doubt that preparing for dips is as good of a strategy for preparing for up rather than just continuing to buy in order to continue to prepare for up that might end up happening.
Because the name is also an investment asset whose price will definitely go up and down. Likewise with bitcoin, there will definitely be a process first before the price really soars.
You are saying that the BTC price could go in either direction, but you are saying that it won't go up.. ..
Ok... you are not making sense.
So in conclusion, to be able to patiently wait for Bitcoin to reach $100K, you have to be able to appreciate the process, friends.
That conclusion kind of makes sense on its own, but it does not make sense in light of the other points that you were making that proclaim that the BTC price has to go down or sideways before it goes up, which may or may not be true.
