Road to 100k?

[Pi-network314159]

And since 2022 experts were predicting that bitcoin will hit $100k in this season and the way the movement of bitcoin, it might hit the "Road to the $100k" and the end of the year or the first quarter of  next year.

I find appeal to authority to be problematic in any argument.

To me, it seems better to argue why something may or may not be true, instead of generally proclaiming that "it must be true because 'experts' say so."

Sure some folks are smarter than others, and some folks have better logic, but it seems to me that it is likely better to refer to your authority folks specifically or refer to what they said (or might have had said) or substantively back what you are saying rather than proclaiming "experts say."

@mate2237 what JJG said is true. we don't have to rely on experts even as they might be accurate in some focast, yet they make mistakes too. you know sometimes people predict uncertainty hoping it meet to their expectations, somedays it may come into existence and sometimes it may not also come to reality. that should tell us that all are mearly speculations and we shouldn't have it at heart. do you know you can also be an expert? provided you can bring some facts that people will believe that bitcoin will hit the road to $100k. what I want you to know is that btc is unpredictable but yet a volatile asset that is worth investing on. even though the price changes on a regular, yet it is still heading to $100k and above. Bitcoin has grown from less than a cent to $75k ATH in the space of 15 years+, the road to $100k is sure without experts prediction. you don need expert to tell you that bitcoin will hit $100k and above, it may delay but that shouldn't be a discouragement of investing on bitcoin, but to encourage you to accumulate more instead of arguing.

[Promocodeudo]

So in essence of all this is that if as a Bitcoin investor that really want to be successful in your investment, it's very much advisable to be a long term holder, so that you can reap the full dividend of your Bitcoin investment, because Bitcoin is actually going up to the moon, the question here is how long can you hold?

If anyone invest in bitcoin for a short term investment then I will say that he or she is newbie in bitcoin because nobody who have the experience in bitcoin will never like to invest in bitcoin for a short investment but always like to invest in long. And always like to buy whenever bitcoin bear market starts. And that is why this topic is for those who want to start bitcoin investment. Buy the DIP, and HODL!, I think this buy the dip and hodle has explained everything for anyone who is investing in bitcoin. Only the topic is self explanatory.

Now let come to the topic of this thread. Bitcoin has hit All Time High three (3) times this year. In 2021, bitcoin hit it All Time High of $69k  and in this year 2024 at first bitcoin hit $70k to surpassed the previous All Time High, and it declined again then, it rise again to $73k to hit All Time High for the second time and this week again bitcoin hit $71k again to become the third time in this year. And since 2022 experts were predicting that bitcoin will hit $100k in this season and the way the movement of bitcoin, it might hit the "Road to the $100k" and the end of the year or the first quarter of  next year.

There are people that like fast profit, It is not only the newbies even old folks fall to this category too,  yea Bitcoin investment is not meant for shorterm purposes because shorterm does not come with the benefits thats accompanied with bitcoin investment, there are old investors that utilizes every opportunity, once they notice any dump they buy, any little appreciation in the price they sell immediately, no doubt buying when Bitcoin price dips is good but that shouold not discourage anyone from buying whenever he or she is ready, investing in Bitcoin is continuous process thats has no limitations whatsoever.

Let's not forget that this experts are just making mere prediction, no one can accurately predict the price of Bitcoin, so we shouldnt rely on the experts prediction to finalize where Bitcoin price will end this year because volatile assets doesn't have a definite price, changes are bound to happen and anything is possible at any given time.

[ndutndut]

right, before the halving the price of bitcoin reached an ATH in the range of $73k, and maybe after the halving you and most people thought bitcoin would reach a much higher ATH. but in reality it is not like that because after the halving begins the price of bitcoin tends to fall and stabilize. When this thread was created maybe $100k seemed very achievable, but for now and in the near future $100k looks very difficult to achieve. We'll see until the momentum of this halving ends, whether Bitcoin can reach $100k or not.

There is no guarantee that the Bitcoin price will go up immediately after the halving, but the market will gradually turn bullish. Regardless of the Bitcoin price every four years cycle will see large fluctuations in supply due to halving. We may currently see 70K or a bit lower but Bitcoin is slowly gaining strength. It may show a bullish movement this year or next year. I believe that by next year 2025 bitcoin will cross 100k price and may even go up to 150k. Moreover, many investors are entering the market through which the investment has increased especially effects of ETFs.

Yes, exactly. Even though we got the latest ATH before the halving happened, it doesn't mean that after the halving the price will continue to rise, just look when the halving happened the price actually fell even though now the price of bitcoin is slowly showing a positive trend. . The point is that there is no guarantee that Bitcoin prices will immediately rise after the halving. We need time to achieve this. Moreover, with such previous halvings, we will enter a bullish condition even after several months of the halving.

Currently observing the rise and fall of the crypto market shows how quickly things change. Recent incidents of misinformation remind us that external factors can change things. In crypto, strategic and informed trading is not an option, but a necessity. Always remember that caution is as important as ambition here. Stay alert, diversify, and let's face this unpredictable market together, and it is not impossible that the price of bitcoin will reach $100k by the end of this year. The point is that we still have to prepare from now on, increase our in-depth understanding of Bitcoin and continue to carry out DCA because that is the key.

[lalabotax]

There are people that like fast profit, It is not only the newbies even old folks fall to this category too,  yea Bitcoin investment is not meant for shorterm purposes because shorterm does not come with the benefits thats accompanied with bitcoin investment, there are old investors that utilizes every opportunity, once they notice any dump they buy, any little appreciation in the price they sell immediately, no doubt buying when Bitcoin price dips is good but that shouold not discourage anyone from buying whenever he or she is ready, investing in Bitcoin is continuous process thats has no limitations whatsoever.

People who like fast profits, they must choose trading. If they invest in Bicoin, it is mostly for a long term holding. However, if people hold Bitcoin for a short term, it can get profits as well. But the profits must be not very significant. If you bought Bitcoin when the price dropped to $60k few weeks ago, you must take profits now. The current price is around $69k - $70k, there should be some profits to take.

So it actually depends on the goal. If the goal is for small profits, holding for a short term is no problem. But if to earn huge profits, you are right that investing in Bitcoin should be for a long term.

Let's not forget that this experts are just making mere prediction, no one can accurately predict the price of Bitcoin, so we shouldnt rely on the experts prediction to finalize where Bitcoin price will end this year because volatile assets doesn't have a definite price, changes are bound to happen and anything is possible at any given time.

We must rely on our own prediction. Sure, experts also can fail in predicting the price. No people can ensure the future price of Bitcoin whether the experts or beginners. Always remember that prediction has no accuracy.

[Winterfrost]

And since 2022 experts were predicting that bitcoin will hit $100k in this season and the way the movement of bitcoin, it might hit the "Road to the $100k" and the end of the year or the first quarter of  next year.

I find appeal to authority to be problematic in any argument.

To me, it seems better to argue why something may or may not be true, instead of generally proclaiming that "it must be true because 'experts' say so."

Sure some folks are smarter than others, and some folks have better logic, but it seems to me that it is likely better to refer to your authority folks specifically or refer to what they said (or might have had said) or substantively back what you are saying rather than proclaiming "experts say."

The funny thing is whether an expert or not, in no way can they affect the price to increase to such value. Everyone is entitled to give their speculation, experts from reading charts and those who just say so because they feel like it must happen. There is no assurance it will, but definitely it will with no time frame given, it might happen any moment from now even if it takes months but definitely we are going to see the price hit $100k.

[maydna]

The funny thing is whether an expert or not, in no way can they affect the price to increase to such value. Everyone is entitled to give their speculation, experts from reading charts and those who just say so because they feel like it must happen. There is no assurance it will, but definitely it will with no time frame given, it might happen any moment from now even if it takes months but definitely we are going to see the price hit $100k.

People who analyze the market will have their prediction so they will stick to their prediction. But some people use other people prediction to determine when they can enter to the market. We will see the increases of Bitcoin price soon and yes, I agree that we will see the price hit $100k and perhaps the price will be more than $100k. So yes, it is a road to $100k and hopefully, we can takes the biggest profit later which can gives a lot of money to us. But if the price still needs time to increase, we must be patient and just wait for the time while prepare ourselves.

[arwin100]

The funny thing is whether an expert or not, in no way can they affect the price to increase to such value. Everyone is entitled to give their speculation, experts from reading charts and those who just say so because they feel like it must happen. There is no assurance it will, but definitely it will with no time frame given, it might happen any moment from now even if it takes months but definitely we are going to see the price hit $100k.

People who analyze the market will have their prediction so they will stick to their prediction. But some people use other people prediction to determine when they can enter to the market. We will see the increases of Bitcoin price soon and yes, I agree that we will see the price hit $100k and perhaps the price will be more than $100k. So yes, it is a road to $100k and hopefully, we can takes the biggest profit later which can gives a lot of money to us. But if the price still needs time to increase, we must be patient and just wait for the time while prepare ourselves.

Sometimes they based their prediction on the sentiments of people since if there's a lot of people will say that bitcoin would reach at $100k then there are lots of people will follow and think about that it would really happen.

But what good thing there is people always follow on the discussion and they could able to see that there's a valid point on some speculation given and for sure what those people said that $100k will be achievable soon then for sure this will really happen. We know how strong bitcoin is and that speculated price would really come but we don't on when this gonna happen but what's important thing is we have the same goal and look forward to see this price to happen or be reached in future. We really need to have good patience to wait for this and prepared our investment so once this price already reached then we are one of those lucky people earned some good profits by this event.

[Bravut]

People who analyze the market will have their prediction so they will stick to their prediction. But some people use other people prediction to determine when they can enter to the market.

True, I do lay emphasis on everyone having or make decisions themselves when it comes to market or investment. It never a bad idea but such opinion should correlate with yours and not become the holy grail whereby you become victimized with your own opinion, because this are often what lead to bad investment decisions. Consuming of much content from others and not focus on how you will build yourself, let me give an example; JP Morgan was still same man saying Bitcoin is a scam, imagine those who listen and follow such words then, were mislead because of some name attached to such individual perhaps they would have reach a certain stage in there accumulation phase and portfolio, another is Robert Kiyosaki who said he won't buy Bitcoin now has more than 60btc, and I ask is it same Bitcoin he said can't be classified as an asset and not worth investing in?, it really laughable they influence you and make room for themselves.

[Makus]

let me give an example; JP Morgan was still same man saying Bitcoin is a scam, imagine those who listen and follow such words then, were mislead because of some name attached to such individual perhaps they would have reach a certain stage in there accumulation phase and portfolio, another is Robert Kiyosaki who said he won't buy Bitcoin now has more than 60btc, and I ask is it same Bitcoin he said can't be classified as an asset and not worth investing in?, it really laughable they influence you and make room for themselves.

If very funny how some of these critics then convinced lots of person not to buy Bitcoin when they had the opportunity to buy at lower price. Currently today some of them are huge investment some to be considered whales if they had invested on time. Anytime I remember how some of these critics are now investors and aggressive one for that matter because of FOMO I just conclude never to rely on anyone elses thought for making your own personal life decisions. Some of these men who criticise Bitcoin then to the extent to convincing others no to hold, they are huge Influencer maybe because of their well-being and reputation. This ought to be a huge lesson to humanity, never trust anyone because of the reputation he/she upholds. Assuming those lead by these critics started their own research and made their Bitcoin investment they would have been happy for not adhering to someone elses advice or point of view. But this doesn't necessarily mean those who warn us against shitcoins are actually wrong. In fact shitcoins are just distractions from achieving your Bitcoin desired goal by diversifying. Those who happens to have tasted altcoins first before Bitcoin, maybe by referrals or scam airdrops might generally group Bitcoin with other altcoins, but if only they have the opportunity to invest in Bitcoin and watch their asset grow instead to devaluing, they will know the value of information they have been missing out.

It's obvious the price of Bitcoin would get to $100k in no time, and that's because many persons are beginning to realise that Bitcoin is not a threat or scam but a solution to escape inflation from their traditional fiat currency. I for one feels very lucky to have met Bitcoin but also regret all the years I kept ignorant to this innovative work. Bitcoin is an asset that you put in what you cannot afford to loose and not the other way around. So we can stop deceiving ourselves not to get too aggressive because at the end the value is our holding would be mind blowing if you keep the consistency. They say "little drops of water make a mighty ocean" provided you gay your emergency fund intact you can go as aggressive as you can because, if Bitcoin breaks the resistance point are would be experiencing a massive bull.

[Tmoonz]

And since 2022 experts were predicting that bitcoin will hit $100k in this season and the way the movement of bitcoin, it might hit the "Road to the $100k" and the end of the year or the first quarter of  next year.

I find appeal to authority to be problematic in any argument.

To me, it seems better to argue why something may or may not be true, instead of generally proclaiming that "it must be true because 'experts' say so."

Sure some folks are smarter than others, and some folks have better logic, but it seems to me that it is likely better to refer to your authority folks specifically or refer to what they said (or might have had said) or substantively back what you are saying rather than proclaiming "experts say."

@mate2237 what JJG said is true. we don't have to rely on experts even as they might be accurate in some focast, yet they make mistakes too. you know sometimes people predict uncertainty hoping it meet to their expectations, somedays it may come into existence and sometimes it may not also come to reality. that should tell us that all are mearly speculations and we shouldn't have it at heart. do you know you can also be an expert? provided you can bring some facts that people will believe that bitcoin will hit the road to $100k. what I want you to know is that btc is unpredictable but yet a volatile asset that is worth investing on. even though the price changes on a regular, yet it is still heading to $100k and above. Bitcoin has grown from less than a cent to $75k ATH in the space of 15 years+, the road to $100k is sure without experts prediction. you don need expert to tell you that bitcoin will hit $100k and above, it may delay but that shouldn't be a discouragement of investing on bitcoin, but to encourage you to accumulate more instead of arguing.

This is wrong @pi-network31419, the current Bitcoin all time high is $73.78k which was reached on 14-03 -2024.
However, @mate the only thing that is certain in the market is volatility hence there is no certainty or guarantee that whatever that is claimed or proclaimed will definitely come to place, Bitcoin is a speculative asset and any one is at liberty to say whatever they like, Bitcoin is designed to moving up and down which has made it more interesting but to what extend can it fly up or down no one can actually be certain about that.

[Mayor of ogba]

Apart from the fact that Bitcoin is meant to reach a new ATH after every circle do you know that Bitcoin price can stay for a very long time before reaching an all time high again due to the fact that it has already gotten an ATH before the halving so all we are doing is speculations and this speculations depends on the effect the market will create so if there is no much investors buying Bitcoin you can't expect the price to skyrocket.

Should this be our primary concern right now? No, this shouldn't be our primary concern right now as a long term holder, because with the little knowledge I have gotten about all this is that, the current price of Bitcoin and it current state shouldn't be our primary concern right now, what we should be more focused on is to have a very good stash of Bitcoin in our possession, so I wish to ask you @cryptoprinces101, if Bitcoin create a new all time high as you are talking of,  like moving to 100k, would you be a great benefactor with your current holdings?

Nice question Barikui101, basically I have a long term target and with the amount of Bitcoins in my portfolio now if the price hit $100k I will be a beneficiary but it doesn't implies that I will sell my holdings because checking at the price I started hodling and if the price hit $100k dollars the profit I will get cannot match my target because as a hodler you need to set out target for yourself incase you meet your target you can decide sell your Bitcoins but for the fact that you have met your target doesn't mean you should stop hodling you need to continue till you have acquired a very huge amount in your portfolio.

Although we don't face much of a problem when we are just holding and accumulating every time bitcoin drops. But, some time in the future when our target is reached and bitcoin have  surpassed the 6 digit figure, that would impose another challenge to our investments decisions, whether or not we sell everything we have, sell portions of it and continue holding, or just buy back at some point when bitcoin experienced another sharp bearish correction.

Does not sound like a dilemma to me.

I doubt that it is a good idea for anyone to sell BTC with an expectation of buying back lower, and if anyone is in the stages of accumulating bitcoin, the best way to accumulate bitcoin is by buying it.  Not by selling it.

Anyone selling Bitcoin at the early stage of their investments while still accumulating with the believe that they want to wait for the price to fall in order for them to rebuy it is really an unserious person however the early stage of investment is about accumulating and not to think about selling even after making some profits in the short run.

Any investor who is selling his bitcoin investment for short-term profit is just messing up and delaying his bitcoin accumulation journey. That person can never buy back the same quantity of bitcoin he or she sold because bitcoin will not dip to the price that will make that person buy back the same quantity of bitcoin. Even if the person buys back bitcoin, he will not be making the same profit as the person who accumulated the same quantity of bitcoin with him and held it for the long term. 

Basically anyone selling their Bitcoin to purchase inferior assets is a naive person because you can't sell a valuable asset like Bitcoin just to buy some low level assets that will take you backwards instead of increasing your wealth and investment. And before selling one's Bitcoin mapping out plans on how to spend the money judiciously on valuable assets should be taken with high priority.

That is why it is good for people not to invest their whole money in bitcoin so that they will not wake up one day and decide to sell their bitcoin and buy a computer or something else. People should always invest in bitcoin with the money they can do without for a long time so that they will not think of selling their bitcoin to survive. The only thing that could make someone sell his bitcoin is when it is a life-threatening issue, and there's no other means to save the life of the person in question if not to sell your bitcoin to raise the money needed for the person to be alive.

[CageMabok]

The funny thing is whether an expert or not, in no way can they affect the price to increase to such value. Everyone is entitled to give their speculation, experts from reading charts and those who just say so because they feel like it must happen. There is no assurance it will, but definitely it will with no time frame given, it might happen any moment from now even if it takes months but definitely we are going to see the price hit $100k.

Just enjoy Bitcoin's journey to $100K without having to pay attention to what other people say because price speculation will always be with everyone. Everyone who already believes in Bitcoin just needs to have more Bitcoin before that happens because this is part of the profits that will be obtained by Bitcoin holders who have held Bitcoin for a long time. So you only need to focus on yourself without being distracted by the words issued by experts who often read Bitcoin charts all the time.

[Mate2237]

And since 2022 experts were predicting that bitcoin will hit $100k in this season and the way the movement of bitcoin, it might hit the "Road to the $100k" and the end of the year or the first quarter of  next year.

I find appeal to authority to be problematic in any argument.

To me, it seems better to argue why something may or may not be true, instead of generally proclaiming that "it must be true because 'experts' say so."

Sure some folks are smarter than others, and some folks have better logic, but it seems to me that it is likely better to refer to your authority folks specifically or refer to what they said (or might have had said) or substantively back what you are saying rather than proclaiming "experts say."

@mate2237 what JJG said is true. we don't have to rely on experts even as they might be accurate in some focast, yet they make mistakes too. you know sometimes people predict uncertainty hoping it meet to their expectations, somedays it may come into existence and sometimes it may not also come to reality. that should tell us that all are mearly speculations and we shouldn't have it at heart. do you know you can also be an expert? provided you can bring some facts that people will believe that bitcoin will hit the road to $100k. what I want you to know is that btc is unpredictable but yet a volatile asset that is worth investing on. even though the price changes on a regular, yet it is still heading to $100k and above. Bitcoin has grown from less than a cent to $75k ATH in the space of 15 years+, the road to $100k is sure without experts prediction. you don need expert to tell you that bitcoin will hit $100k and above, it may delay but that shouldn't be a discouragement of investing on bitcoin, but to encourage you to accumulate more instead of arguing.

This is wrong @pi-network31419, the current Bitcoin all time high is $73.78k which was reached on 14-03 -2024.
However, @mate the only thing that is certain in the market is volatility hence there is no certainty or guarantee that whatever that is claimed or proclaimed will definitely come to place, Bitcoin is a speculative asset and any one is at liberty to say whatever they like, Bitcoin is designed to moving up and down which has made it more interesting but to what extend can it fly up or down no one can actually be certain about that.

Most of the comments or 99% of the comments here are following JayJuanGee for merit and they are not even contributing any knowledge to him or to the thread. And that is why you can see that they always tag him so he will come and give them merits. Well I will still say that cryptocurrency is all about prediction but though nobody can give the exact price prediction, be an expert or not nobody but the predictions are always very close to the truth.

Everyone was thinking that bitcoin All Time High would come after the halving in this year but things turn around and the All Time High came before the halving and another again, they predicted that after the halving ATH would start, and really it is happening now. Therefore we can't live in this cryptocurrency market without prediction. JayJuanGee can also predict his own and it might come to pass or not. $100k prediction is on the ground and one day we must hit it.

[Bobrox]

Actually road to $100k still too long behind bitcoin price still not stable yet and difficult defend on higher price, recently Bitcoin success break out to higher price for the first time after reaching ATH price and raise above $70k but just defend only few days before bitcoin getting correction drop under $67,800.
Need time and more patience needed road to $100k for bitcoin its can't happening at the end this year maybe possibility for next year with bitcoin will raise to higher price.
I am believing with bitcoin will raise above $100k one day later but its not easy because many bad news publishing and current some government regulation not give positive side for bitcoin.

[Mate2237]

And since 2022 experts were predicting that bitcoin will hit $100k in this season and the way the movement of bitcoin, it might hit the "Road to the $100k" and the end of the year or the first quarter of  next year.

I find appeal to authority to be problematic in any argument.

To me, it seems better to argue why something may or may not be true, instead of generally proclaiming that "it must be true because 'experts' say so."

Sure some folks are smarter than others, and some folks have better logic, but it seems to me that it is likely better to refer to your authority folks specifically or refer to what they said (or might have had said) or substantively back what you are saying rather than proclaiming "experts say."

The funny thing is whether an expert or not, in no way can they affect the price to increase to such value. Everyone is entitled to give their speculation, experts from reading charts and those who just say so because they feel like it must happen. There is no assurance it will, but definitely it will with no time frame given, it might happen any moment from now even if it takes months but definitely we are going to see the price hit $100k.

Really you have said it all. Whether experts predict the price to hit $100k or not, people must predict because prediction is one of the factors in the cryptocurrency market. As you said people analyse the chart to give their prediction and some only predict how the market will be in the future. I can still remember one of my local board member, predicted the rise of bitcoin last two years when bitcoin price was $16k and he said the price would hit $25k within one month and really it happened.

Speculation is part and parcel in bitcoin

[Miles2006]

There are people that like fast profit, It is not only the newbies even old folks fall to this category too,  yea Bitcoin investment is not meant for shorterm purposes because shorterm does not come with the benefits thats accompanied with bitcoin investment, there are old investors that utilizes every opportunity, once they notice any dump they buy, any little appreciation in the price they sell immediately, no doubt buying when Bitcoin price dips is good but that shouold not discourage anyone from buying whenever he or she is ready, investing in Bitcoin is continuous process thats has no limitations whatsoever.

People who like fast profits, they must choose trading. If they invest in Bicoin, it is mostly for a long term holding. However, if people hold Bitcoin for a short term, it can get profits as well. But the profits must be not very significant. If you bought Bitcoin when the price dropped to $60k few weeks ago, you must take profits now. The current price is around $69k - $70k, there should be some profits to take.

So it actually depends on the goal. If the goal is for small profits, holding for a short term is no problem. But if to earn huge profits, you are right that investing in Bitcoin should be for a long term.

Trading is not guarantee, trading is not just done without a proper knowledge but rather before venturing into trading the person should be prepared to face loss cause trading is not guarantee 100%. I don’t know why I keep seeing profit attach to short term investment plan because there’s no profit at the end rather the investment will no longer stand, if anyone should follow the step you mentioned then the person is gambling with their investment and gambling with bitcoin is not guarantee as sometimes the market will not go as plan and everything turns to be a mess and loss. All this still depends on an investor planning and knowledge as one should take time and plan gradually with the mindset of a long term planning and be guided not to fall into false teaching and predictions.

[Spaceman1000$]

Apart from the fact that Bitcoin is meant to reach a new ATH after every circle do you know that Bitcoin price can stay for a very long time before reaching an all time high again due to the fact that it has already gotten an ATH before the halving so all we are doing is speculations and this speculations depends on the effect the market will create so if there is no much investors buying Bitcoin you can't expect the price to skyrocket.

Should this be our primary concern right now? No, this shouldn't be our primary concern right now as a long term holder, because with the little knowledge I have gotten about all this is that, the current price of Bitcoin and it current state shouldn't be our primary concern right now, what we should be more focused on is to have a very good stash of Bitcoin in our possession, so I wish to ask you @cryptoprinces101, if Bitcoin create a new all time high as you are talking of,  like moving to 100k, would you be a great benefactor with your current holdings?

Nice question Barikui101, basically I have a long term target and with the amount of Bitcoins in my portfolio now if the price hit $100k I will be a beneficiary but it doesn't implies that I will sell my holdings because checking at the price I started hodling and if the price hit $100k dollars the profit I will get cannot match my target because as a hodler you need to set out target for yourself incase you meet your target you can decide sell your Bitcoins but for the fact that you have met your target doesn't mean you should stop hodling you need to continue till you have acquired a very huge amount in your portfolio.

Although we don't face much of a problem when we are just holding and accumulating every time bitcoin drops. But, some time in the future when our target is reached and bitcoin have  surpassed the 6 digit figure, that would impose another challenge to our investments decisions, whether or not we sell everything we have, sell portions of it and continue holding, or just buy back at some point when bitcoin experienced another sharp bearish correction.

Does not sound like a dilemma to me.

I doubt that it is a good idea for anyone to sell BTC with an expectation of buying back lower, and if anyone is in the stages of accumulating bitcoin, the best way to accumulate bitcoin is by buying it.  Not by selling it.

Anyone selling Bitcoin at the early stage of their investments while still accumulating with the believe that they want to wait for the price to fall in order for them to rebuy it is really an unserious person however the early stage of investment is about accumulating and not to think about selling even after making some profits in the short run.

Any investor who is selling his bitcoin investment for short-term profit is just messing up and delaying his bitcoin accumulation journey. That person can never buy back the same quantity of bitcoin he or she sold because bitcoin will not dip to the price that will make that person buy back the same quantity of bitcoin. Even if the person buys back bitcoin, he will not be making the same profit as the person who accumulated the same quantity of bitcoin with him and held it for the long term.

Basically anyone selling their Bitcoin to purchase inferior assets is a naive person because you can't sell a valuable asset like Bitcoin just to buy some low level assets that will take you backwards instead of increasing your wealth and investment. And before selling one's Bitcoin mapping out plans on how to spend the money judiciously on valuable assets should be taken with high priority.

That is why it is good for people not to invest their whole money in bitcoin so that they will not wake up one day and decide to sell their bitcoin and buy a computer or something else. People should always invest in bitcoin with the money they can do without for a long time so that they will not think of selling their bitcoin to survive. The only thing that could make someone sell his bitcoin is when it is a life-threatening issue, and there's no other means to save the life of the person in question if not to sell your bitcoin to raise the money needed for the person to be alive.

Some investors are short term investors, they just want to check out once they feel the need to. Psychological people have a different approach to investment, their intention might be that they don't want to reinvest, so technically even when the price of Bitcoin is high and they come later in the future to invest, don't be surprised that they might still take their profit in a short term, because holding for a long time is not really their priority.

Talking about investors that go all in, I terms of investment, as for Bitcoin definitely there will be a profit at the end of the day, but it is not advisable anywhere in the world for you to put all your eggs in one basket, investment in Bitcoin should be on a gradual level for an investor that don't have much, so I agree with you that people should invest in Bitcoin with money they know they can do without for a long time.

[JayJuanGee]

So yes, it is a road to $100k and hopefully, we can takes the biggest profit later which can gives a lot of money to us.

Hopefully with those kinds of ideas of "taking BIG profits," you do not end up selling too many BTC too soon.

If course, you have been registered on the forum for nearly 9 years, so you may well have had a sufficient amount of time to accumulate enough BTC that you are pretty much able to shave off some BTC profits at any time that you would like... and such a condition might not really be very common with folks who have not been in BTC more than a whole cycle (at least). 

[Pi-network314159]

And since 2022 experts were predicting that bitcoin will hit $100k in this season and the way the movement of bitcoin, it might hit the "Road to the $100k" and the end of the year or the first quarter of  next year.

I find appeal to authority to be problematic in any argument.

To me, it seems better to argue why something may or may not be true, instead of generally proclaiming that "it must be true because 'experts' say so."

Sure some folks are smarter than others, and some folks have better logic, but it seems to me that it is likely better to refer to your authority folks specifically or refer to what they said (or might have had said) or substantively back what you are saying rather than proclaiming "experts say."

@mate2237 what JJG said is true. we don't have to rely on experts even as they might be accurate in some focast, yet they make mistakes too. you know sometimes people predict uncertainty hoping it meet to their expectations, somedays it may come into existence and sometimes it may not also come to reality. that should tell us that all are mearly speculations and we shouldn't have it at heart. do you know you can also be an expert? provided you can bring some facts that people will believe that bitcoin will hit the road to $100k. what I want you to know is that btc is unpredictable but yet a volatile asset that is worth investing on. even though the price changes on a regular, yet it is still heading to $100k and above. Bitcoin has grown from less than a cent to $75k ATH in the space of 15 years+, the road to $100k is sure without experts prediction. you don need expert to tell you that bitcoin will hit $100k and above, it may delay but that shouldn't be a discouragement of investing on bitcoin, but to encourage you to accumulate more instead of arguing.

This is wrong @pi-network31419, the current Bitcoin all time high is $73.78k which was reached on 14-03 -2024.
However, @mate the only thing that is certain in the market is volatility hence there is no certainty or guarantee that whatever that is claimed or proclaimed will definitely come to place, Bitcoin is a speculative asset and any one is at liberty to say whatever they like, Bitcoin is designed to moving up and down which has made it more interesting but to what extend can it fly up or down no one can actually be certain about that.

Most of the comments or 99% of the comments here are following JayJuanGee for merit and they are not even contributing any knowledge to himor to the thread. And that is why you can see that they always tag him so he will come and give them merits Well I will still say that cryptocurrency is all about prediction but though nobody can give the exact price prediction, be an expert or not nobody but the predictions are always very close to the truth.

I guess you are wrong about that. Telling the truth doesn't mean anybody here is hunting for merit. I think those post you saw that where given merit is because they are saying things in accordance to what is mean to be. That you are wrong does not mean all of us should follow you. There is no how everyone will follow the wrong way. I think you are the one is going the wrong way and want everyone to follow your perspective. If everyone is following JJG theory, what stops you from following his theory. For me I find his Theory helpfully to me and nothing more. And I believe all what he advises is true and there are prof to back them up. What Proof do you have that will make us to believe In your hypothesis?

This is wrong @pi-network31419, the current Bitcoin all time high is $73.78k which was reached on 14-03 -2024.

Yes that is true just a little typographical error. I was trying to input $73k but didn't know I typed $75k but that is not really an Issue, the main thing is to prove a point to mate about how bitcoin has proven beyond reasonable Doubt that it will do better than expected judging from the previous results.

[Cryptoprincess101]

So yes, it is a road to $100k and hopefully, we can takes the biggest profit later which can gives a lot of money to us.

Hopefully with those kinds of ideas of "taking BIG profits," you do not end up selling too many BTC too soon.

If course, you have been registered on the forum for nearly 9 years, so you may well have had a sufficient amount of time to accumulate enough BTC that you are pretty much able to shave off some BTC profits at any time that you would like... and such a condition might not really be very common with folks who have not been in BTC more than a whole cycle (at least).  

He sounds more like someone that has a short term targets because if Bitcoin reaches $100k now, it is enough to sell off? Hell no! though it is dependent on how long he has been able to accumulate and at what price did he started accumulating? And talking about taking big profits even sound like someone who would end up selling all his Bitcoin with the belief that the price will dip and he rebuys again which is a very wrong approach to Bitcoin investment.

Some people have even stayed more than a decade in this forum but were not able to make accumulations as all they do is give on excuses or another, imagine someone who registered in this forum now and in 9 years time you come up with regrets that you made no accumulations, maybe such person wants to swim in poverty because 9 years from now is about 2 halvings and we are aware of how the price of Bitcoin have been moving in each halvings so it will be cowardice to tell people you didn't own a Bitcoin in your portfolio after 9 good years.
Basically, anyone who have made accumulations in the past 9 years must have made lots of profits and can decide to take off part of his Bitcoins or can still decide to hold till next cycle so far as he can endure till then.