Road to 100k?

[JayJuanGee]

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.

Yeah but if you are talking about "crypto," even when you are meant to refer to bitcoin, you are quite lost, just in making that word choice.  It is like you are trying to sound smarter for choosing some kind of a word that is supposedly smart?  yet we are still in a bitcoin thread.. so if you meant to talk about bitcoin, then why not use the word bitcoin, otherwise who is going to know what you are talking about?  Are you wanting to say that bitcoin is just part of some other kind of movement.. bitcoin just fits in there?  That would be dumb, even though I know a lot of mainstream folks present those kind of vague and misleading kinds of talking points.

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.

Sometimes you might consider that people are making predictions, yet you still need to make your own preparations for what you are going to do.  I have stated that I believe that there are pretty good odds that the BTC price will go between $120k and $180k in this calendar year and then have a higher price point in 2025  than in 2024.. but who cares what I say, because even if I state that there are pretty good odds that the BTC price is going to go up, I am not making any kind of guarantee - even if you might read it that way or describe whatever I said as a prediction.

Likely the more important thing is to have some ideas in your own head about how you are going to treat your own BTC price accumulation and if the BTC price ends up going in one direction or another you are not too overly shocked by whatever ends up happening.. ..

[edited out]

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.

Of course, after the fact, we can see that any of the better of approaches to bitcoin would have had been to error on the side of mostly accumulation, especially over something like a 9 year timeline.

Another thing we might be able to see is that it is possible that a lot of mistakes could have had been made over something like the last 9 years, but if the main outcome was to accumulate BTC, then it would have had become more probable that at least some level of profits (and increased options) would have had been achieved. 

Surely we cannot really know how the next 9 years are going to go, and personally, I would consider it to not be very likely to be able to achieve the same level of returns in the next 9 years as had played out in the last 9 years, since perhaps we might proclaim that BTC price starting points 9 years ago may well been somewhere in the ball park of mid $200s, yet even if some guys might have made mistakes and ended up with some where in the ballpark of $1k average costs per BTC, that still would have had been decently well to have something like 67x profits as perhaps compared with 150x-ish profits.. .. and even smaller levels of profits might also have had been acceptable.. in the context of figuring out if mistakes could have been made.. yet BTC were accumulated at various points throughout the last 9-ish years.

Even just a straight forward $100 per week investment into bitcoin would have resulted in about $47k invested and around 26.7751 BTC accumulated (currently valued about $1.813 million).. so right around 38.6x  profits.. which still is not a bad place to be.. even if the amounts might not have been the same and even if the level of profits might have been somewhat less exponential.

[DaNNy001]

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.

The moment an investor decides to trade his coins, the mentality of long term investment is far as gone so because the unsettling urge to continue with the process when he by got profit would always be on his head but the sad truth is that it's actually going to end sideways because there must be a time when you hit a loss and that can result in you chasing that amount of funds lost just like gambling and with this mentality everything would simply be different. So it's better to probably to stay off and have an ideal plan that's gonna help you gather profit and then maybe sell off portion of your Bitcoin after the bull and refill again by simply buying at a very low price when the bear market comes

[Mr.suevie]

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.

Well you might be right but Incase you missed out, then I would like to point to your attention to the various and numerous users that JayJuanGee doesn't award his merit to even when quoted and more over what the essence of quoting someone here? I believe to highlight on a particular discussion that you would also like to make contributions on and I believe he only awards the merit to post or reply that are worth his merits.

And again Bitcoin not "crypto" is an asset that is volatility bound and so everyone is open to give their speculations on the movement of the price and no one is perfect in this not even JJG himself but we all give our thought base on what and research we've gather to speculate on the price. And again JJG has probably been here more and has better knowledge on the price movement so it's open discussion.

[Hewlet]

The moment an investor decides to trade his coins, the mentality of long term investment is far as gone so because the unsettling urge to continue with the process when he by got profit would always be on his head but the sad truth is that it's actually going to end sideways because there must be a time when you hit a loss and that can result in you chasing that amount of funds lost just like gambling and with this mentality everything would simply be different.

sometimes it's best we get used to the word "Bitcoin" rather than talking about coins in general which might to a very large extent send a wrong and misleading information to people that might come across this thread to assuming we're talking about another thing outside of Bitcoin. Trading is for Altcoin because they don't have a legit futuristic prospect while the word investment explains what a Bitcoin holder should be known for. I don't want to put more emphasis on this but the truth is that it makes more sense as a Bitcoin investor to go all in with a mentality of investing for the long run and never assume you should trade your Bitcoin just to outsmart the system and increase the quantity of your Bitcoin. If you're interested in increasing the quantity of your Bitcoin the better way of doing it is to be patient with your DCA, cease every opportunity you have to buy at different prices and ensure that you're not tempting to sell too soon just because others are selling or because Bitcoin has gotten to a new ATH or that you're even a good profit margin.

So it's better to probably to stay off and have an ideal plan that's gonna help you gather profit and then maybe sell off portion of your Bitcoin after the bull and refill again by simply buying at a very low price when the bear market comes

this is yet another strategy that wouldn't work well for you for most instances and might almost look like you're seeling your Bitcoin in gain only to buy again in loss. Except there is a tangeable reason to selling your Bitcoin, selling to buy back even when you're in a bullish period isn't the best idea especially when you've not gathered a good chunk of Bitcoin in the first place. The possibility that you will be able to buy back at a much cheaper rate than when you sold your Bitcoin is very slim as you can't really tell when the market will stop being bullish and that even after you've sold part or all of your holding, that Bitcoin will not surge up further and further putting you in a possible where you have no option than to wait longer till you experience a DIP that might or might not happen or you just have to go on to still buying at a bullish price which means that you have to wait for a very longer period of time before bitcoin goes above that price and gets to a position where you can now see yourself in profit.

Theoretically, selling to buy back might seems like a good idea but when your assets is in a liquid form, the probability of spending it or mismanaging it is very high which makes the whole idea of selling to buy back a possible route to disaster or shortning on the quantity of your stack.

[Bravut]

The moment an investor decides to trade his coins, the mentality of long term investment is far as gone so because the unsettling urge to continue with the process when he by got profit would always be on his head but the sad truth is that it's actually going to end sideways because there must be a time when you hit a loss and that can result in you chasing that amount of funds lost just like gambling and with this mentality everything would simply be different.

sometimes it's best we get used to the word "Bitcoin" rather than talking about coins in general which might to a very large extent send a wrong and misleading information to people that might come across this thread to assuming we're talking about another thing outside of Bitcoin. Trading is for Altcoin because they don't have a legit futuristic prospect while the word investment explains what a Bitcoin holder should be known for. I don't want to put more emphasis on this but the truth is that it makes more sense as a Bitcoin investor to go all in with a mentality of investing for the long run and never assume you should trade your Bitcoin just to outsmart the system and increase the quantity of your Bitcoin. If you're interested in increasing the quantity of your Bitcoin the better way of doing it is to be patient with your DCA, cease every opportunity you have to buy at different prices and ensure that you're not tempting to sell too soon just because others are selling or because Bitcoin has gotten to a new ATH or that you're even a good profit margin.

So it's better to probably to stay off and have an ideal plan that's gonna help you gather profit and then maybe sell off portion of your Bitcoin after the bull and refill again by simply buying at a very low price when the bear market comes

this is yet another strategy that wouldn't work well for you for most instances and might almost look like you're seeling your Bitcoin in gain only to buy again in loss. Except there is a tangeable reason to selling your Bitcoin, selling to buy back even when you're in a bullish period isn't the best idea especially when you've not gathered a good chunk of Bitcoin in the first place. The possibility that you will be able to buy back at a much cheaper rate than when you sold your Bitcoin is very slim as you can't really tell when the market will stop being bullish and that even after you've sold part or all of your holding, that Bitcoin will not surge up further and further putting you in a possible where you have no option than to wait longer till you experience a DIP that might or might not happen or you just have to go on to still buying at a bullish price which means that you have to wait for a very longer period of time before bitcoin goes above that price and gets to a position where you can now see yourself in profit.

Theoretically, selling to buy back might seems like a good idea but when your assets is in a liquid form, the probability of spending it or mismanaging it is very high which makes the whole idea of selling to buy back a possible route to disaster or shortning on the quantity of your stack.

In a simple word Trading is exhausting,and requires more energy compared when you just accumulate according to your DCA plan which is very relieving and free from losses that might be incurred when you Trade. I also say do we care about trading an asset when we can accumulate and have it in our position. This can't be overstressed as it a matter of choice which we know that every decision has a consequence wether good or bad.

I only would consider selling to buy back Bitcoin to be valid, when such investor musy have been present in the market for at least a full cycle to see how far his investment has gone, of which such investor must have a good stash of Bitcoin and has reach a certain maturity stage whereby he isn't joking around his portfolio but not a beginner or one who accumulation journey and portfolio is still below average ( best word I can use) that's same thing as chasing short term gains because you are just crashing your accumulation journey.

Selling to buy back is reinvestment in Bitcoin which isn't the right phase for anyone who don't have a good stash of Bitcoin or still in early phase of accumulation, you will surely get wrecked if you do.

[JayJuanGee]

[edited out]

In a simple word Trading is exhausting,and requires more energy compared when you just accumulate according to your DCA plan which is very relieving and free from losses that might be incurred when you Trade. I also say do we care about trading an asset when we can accumulate and have it in our position. This can't be overstressed as it a matter of choice which we know that every decision has a consequence wether good or bad.

I only would consider selling to buy back Bitcoin to be valid, when such investor musy have been present in the market for at least a full cycle to see how far his investment has gone, of which such investor must have a good stash of Bitcoin and has reach a certain maturity stage whereby he isn't joking around his portfolio but not a beginner or one who accumulation journey and portfolio is still below average ( best word I can use) that's same thing as chasing short term gains because you are just crashing your accumulation journey.

Selling to buy back is reinvestment in Bitcoin which isn't the right phase for anyone who don't have a good stash of Bitcoin or still in early phase of accumulation, you will surely get wrecked if you do.

It is likely that several of us will have variations of differing perspectives regarding how to consider the selling of bitcoin with the potential of buying back at lower prices.

My own personal perspective is that if you are selling your bitcoin with the expectation of buying back cheaper, then you have the wrong ideas about the whole matter - in other words, once you get to a sufficiently large enough bitcoin stash, you should be able to consider any BTC sells  that you make to be "extra bitcoin" that you do not really need, so in that regard, you sell them without any expectations of being able to buy back, and yeah sure if the BTC price ends up dropping, then you can use the money that you generated from the sales of BTC to buy back BTC.. so also the selling of BTC on the way up could be like an insurance policy, but you are not selling a large enough quantity of your BTC that you are going to feel that you no longer have enough or that you need more, so maybe when you buy back if the BTC price drops, you are largely just replacing the ones that you bought and the size of your BTC stash might not be changing very much.. since you have to take into account transaction fees and also tax ramifications that can vary between jurisdictions.   

So yeah.. I am thinking that your level of experience and the fact that you got through a whole cycle does not justify your selling of BTC as much as your ability to calculate the size of your stash in terms of either having enough or more than enough. .and surely there are various tools that you can create for yourself in order to consider these kinds of matters, including some kind of a raking system that makes sense to your own personal circumstances.

[Moeda]

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

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

From what has happened before, every time there is an increase in prices there will definitely be a decrease. When Bitcoin reaches its highest price, there will definitely be an unavoidable decline. It's just that we don't know to what extent Bitcoin's price will increase, and to what extent Bitcoin's price will decrease.

[I_Anime]

[edited out]

In a simple word Trading is exhausting,and requires more energy compared when you just accumulate according to your DCA plan which is very relieving and free from losses that might be incurred when you Trade. I also say do we care about trading an asset when we can accumulate and have it in our position. This can't be overstressed as it a matter of choice which we know that every decision has a consequence wether good or bad.

I only would consider selling to buy back Bitcoin to be valid, when such investor musy have been present in the market for at least a full cycle to see how far his investment has gone, of which such investor must have a good stash of Bitcoin and has reach a certain maturity stage whereby he isn't joking around his portfolio but not a beginner or one who accumulation journey and portfolio is still below average ( best word I can use) that's same thing as chasing short term gains because you are just crashing your accumulation journey.

Selling to buy back is reinvestment in Bitcoin which isn't the right phase for anyone who don't have a good stash of Bitcoin or still in early phase of accumulation, you will surely get wrecked if you do.

It is likely that several of us will have variations of differing perspectives regarding how to consider the selling of bitcoin with the potential of buying back at lower prices.

My own personal perspective is that if you are selling your bitcoin with the expectation of buying back cheaper, then you have the wrong ideas about the whole matter - in other words, once you get to a sufficiently large enough bitcoin stash, you should be able to consider any BTC sells  that you make to be "extra bitcoin" that you do not really need, so in that regard, you sell them without any expectations of being able to buy back, and yeah sure if the BTC price ends up dropping, then you can use the money that you generated from the sales of BTC to buy back BTC.. so also the selling of BTC on the way up could be like an insurance policy, but you are not selling a large enough quantity of your BTC that you are going to feel that you no longer have enough or that you need more, so maybe when you buy back if the BTC price drops, you are largely just replacing the ones that you bought and the size of your BTC stash might not be changing very much.. since you have to take into account transaction fees and also tax ramifications that can vary between jurisdictions.  

So yeah.. I am thinking that your level of experience and the fact that you got through a whole cycle does not justify your selling of BTC as much as your ability to calculate the size of your stash in terms of either having enough or more than enough. .and surely there are various tools that you can create for yourself in order to consider these kinds of matters, including some kind of a raking system that makes sense to your own personal circumstances.

Well said sir JJG, one taken or thinking of taken profit from he or her Bitcoin investment is never a right move . Unless one have already gotten he or her self nice quantities of bitcoin . Even if the individual have the mindset of buying back (when he or she haven't gotten some good Stash)  when the price is low , because some time we might wait for the price drop , but at the end things may not go as the way we planned.

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 .

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

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

From what has happened before, every time there is an increase in prices there will definitely be a decrease. When Bitcoin reaches its highest price, there will definitely be an unavoidable decline. It's just that we don't know to what extent Bitcoin's price will increase, and to what extent Bitcoin's price will decrease.

That's true , but still as a long-term holder we shouldn't bother ourselves with that expecially that are still new to Investing in Bitcoin, if by any chances a dip occurs , we all know the wise and the right thing to do , which is to purchase more. So we don't know if there will be any dip before the surging in price or stuff, but we should just be ready for anything.

[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.

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.

When I mentioned the investors who go all in on bitcoin, I didn't mean that they needed to depend on their bitcoin investment before they could make it in life or that they should put their whole money into bitcoin. What I meant was that they are into bitcoin investment for the long term, and it will be very difficult for them to sell their bitcoin investment for a cheap profit because they have enough reserve funds that will help them hold bitcoin until the expected year they have decided to cash in their bitcoin investment. 

[MarjorieZimmermanGinger]

I only would consider selling to buy back Bitcoin to be valid, when such investor musy have been present in the market for at least a full cycle to see how far his investment has gone, of which such investor must have a good stash of Bitcoin and has reach a certain maturity stage whereby he isn't joking around his portfolio but not a beginner or one who accumulation journey and portfolio is still below average ( best word I can use) that's same thing as chasing short term gains because you are just crashing your accumulation journey.

Selling to buy back is reinvestment in Bitcoin which isn't the right phase for anyone who don't have a good stash of Bitcoin or still in early phase of accumulation, you will surely get wrecked if you do.

Selling to buy back is a normal thing, but the small percentage of assets we own will only provide small profits. I am more interested in buying and holding while the accumulation of purchases can still be done according to the DCA method that most people use. The condition of selling to buy also does not guarantee whether we can repeat the same luck because prices fluctuate. If we understand that bitcoin is a long-term investment then the investment concept must also be thought about accumulation and it is best to use several methods to buy and not trade in the short term when the assets we own are very small.

This is just my personal thought because from what I've seen investors who expect to sell to buy usually don't have that strong of a hold on bitcoin. Apart from being new to investing, there are also doubts when Bitcoin experiences a severe correction. If you look at it today, perhaps Bitcoin has experienced a significant increase, but if you look at it 3 or 4 years ago, you will definitely think differently.

[reagansimms]

~~~

From what has happened before, every time there is an increase in prices there will definitely be a decrease. When Bitcoin reaches its highest price, there will definitely be an unavoidable decline. It's just that we don't know to what extent Bitcoin's price will increase, and to what extent Bitcoin's price will decrease.

When you are able to understand Bitcoin movements from time to time, for example as you wrote in the comment I quoted, you should no longer have any doubts about buying Bitcoin when you are sure the price is at a suitable point to buy. Nobody will ever know what Bitcoin rally will look like in the Bullish phase and how far the price will reach the limit of increase, the same situation also occurs in the Bearish phase, no one knows how far the price will fall.

The DCA strategy is the best solution if you want to get Bitcoin without wanting to miss every moment that occurs in the market. You also have to make sure this strategy works perfectly by using money that is not used for other needs. You must be able to control your emotions with confidence in the results that will be obtained from Bitcoin investment. So far, many people have shared their success when they have succeeded in achieving profits from Bitcoin investment. This story should be used as motivation for investors who are still hesitant about holding Bitcoin in the long term or are easily tempted by the small profits that are starting to appear.

[Barikui1]

I only would consider selling to buy back Bitcoin to be valid, when such investor musy have been present in the market for at least a full cycle to see how far his investment has gone, of which such investor must have a good stash of Bitcoin and has reach a certain maturity stage whereby he isn't joking around his portfolio but not a beginner or one who accumulation journey and portfolio is still below average ( best word I can use) that's same thing as chasing short term gains because you are just crashing your accumulation journey.

Selling to buy back is reinvestment in Bitcoin which isn't the right phase for anyone who don't have a good stash of Bitcoin or still in early phase of accumulation, you will surely get wrecked if you do.

Selling to buy back is a normal thing, but the small percentage of assets we own will only provide small profits. I am more interested in buying and holding while the accumulation of purchases can still be done according to the DCA method that most people use. The condition of selling to buy also does not guarantee whether we can repeat the same luck because prices fluctuate. If we understand that bitcoin is a long-term investment then the investment concept must also be thought about accumulation and it is best to use several methods to buy and not trade in the short term when the assets we own are very small.

This is just my personal thought because from what I've seen investors who expect to sell to buy usually don't have that strong of a hold on bitcoin. Apart from being new to investing, there are also doubts when Bitcoin experiences a severe correction. If you look at it today, perhaps Bitcoin has experienced a significant increase, but if you look at it 3 or 4 years ago, you will definitely think differently.

Though I can't deny the fact that all of us have our own different way of doing things, but what I really think of selling to buy back is really not ideal too me, because you can't develop a strong hands while doing that, and i see it as trading, because you can't tell me it's not trading if you are selling to make small small profit and be expecting to buy back once the price of Bitcoin deep, so it's a terrible investment plan if you are actually doing it.

Since I started my Bitcoin investment journey, I have come  to understand that, once you start tempering with your Bitcoin holdings in the name of selling to buy back, number one, you wouldn't be able to have a good stash of Bitcoin in your portfolio,   number two you wouldn't be able to develop a strong holding hands, you will be mostly be tempted to sell at any given price pump of Bitcoin, and with that kind of mindset, you wouldn't be able to build a generational wealth on the longer run, because you are actually a short term investor or a trader.

[Manlikefrank1]

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

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

From what has happened before, every time there is an increase in prices there will definitely be a decrease. When Bitcoin reaches its highest price, there will definitely be an unavoidable decline. It's just that we don't know to what extent Bitcoin's price will increase, and to what extent Bitcoin's price will decrease.

Nobody knows the price that bitcoin will increase to this coming bullrun, but I am sure that it will surely get to $100k. It's just like it's already programmed to happen that way. With the way I'm seeing it, the bullrun will not end until bitcoin get to $100k and above. As for decrease when the bear market finally return, that's what I can't really tell, last bullrun when bitcoin got to $69k after the bullrun bitcoin dropped to $15k thereabout, so with $100k that we are expected to see this bullrun, the bear market will also bite hard when it comes.

[Spaceman1000$]

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

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

From what has happened before, every time there is an increase in prices there will definitely be a decrease. When Bitcoin reaches its highest price, there will definitely be an unavoidable decline. It's just that we don't know to what extent Bitcoin's price will increase, and to what extent Bitcoin's price will decrease.

Nobody knows the price that bitcoin will increase to this coming bullrun, but I am sure that it will surely get to $100k. It's just like it's already programmed to happen that way. With the way I'm seeing it, the bullrun will not end until bitcoin get to $100k and above. As for decrease when the bear market finally return, that's what I can't really tell, last bullrun when bitcoin got to $69k after the bullrun bitcoin dropped to $15k thereabout, so with $100k that we are expected to see this bullrun, the bear market will also bite hard when it comes.

I agree with you on fact that nobody knows the price that Bitcoin will increase to, however a lot of investors have predicted it to reach $100, investors will still want to push the marketing till it's get to $100k before the end of the bull run that's if they can, because I see it as narrative that has been pushed into psychology and mindset of most investors at the moment that the price will get to $100k, and there lot of investors keying into that idea, but I don't want to see it as a propaganda that is pushed too far, i just want to the market forces to gradually take it course on the price increase.

[avp2306]

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

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

From what has happened before, every time there is an increase in prices there will definitely be a decrease. When Bitcoin reaches its highest price, there will definitely be an unavoidable decline. It's just that we don't know to what extent Bitcoin's price will increase, and to what extent Bitcoin's price will decrease.

Nobody knows the price that bitcoin will increase to this coming bullrun, but I am sure that it will surely get to $100k. It's just like it's already programmed to happen that way. With the way I'm seeing it, the bullrun will not end until bitcoin get to $100k and above. As for decrease when the bear market finally return, that's what I can't really tell, last bullrun when bitcoin got to $69k after the bullrun bitcoin dropped to $15k thereabout, so with $100k that we are expected to see this bullrun, the bear market will also bite hard when it comes.

I agree with you on fact that nobody knows the price that Bitcoin will increase to, however a lot of investors have predicted it to reach $100, investors will still want to push the marketing till it's get to $100k before the end of the bull run that's if they can, become I see it as narrative that has been pushed into psychology and mindset of most investors at the moment that the price will get to $100k, and there lot of investors keying into that idea, but I don't want to see it as a propaganda that is pushed too far, i just want to the market forces to gradually take it course on the price increase.

People know about this that's why there's a lot of unrealistic prediction coming out since there's lot of those people are not really so sure about what will be the exact figures that bitcoin would able to reach up in future. But what's more important thing there is we have strong basis regarding on its current development happened. And $100k is quiet realistic to reach by bitcoin so if we can see the good effects of continuous accumulation of people on bitcoin then provably this will help bitcoin to reach at that digits.

Maybe the basis we have is the current trend happening and people hold into that feeling where they really look forward for bitcoin to hit that since this will create something big recognition to bitcoin since for sure that a lot of curious mind will come and see about bitcoin then this will add up to the demand then that help a lot of the ecosystem of bitcoin especially if there's lots of new people will buy it.

[Bravut]

I only would consider selling to buy back Bitcoin to be valid, when such investor musy have been present in the market for at least a full cycle to see how far his investment has gone, of which such investor must have a good stash of Bitcoin and has reach a certain maturity stage whereby he isn't joking around his portfolio but not a beginner or one who accumulation journey and portfolio is still below average ( best word I can use) that's same thing as chasing short term gains because you are just crashing your accumulation journey.

Selling to buy back is reinvestment in Bitcoin which isn't the right phase for anyone who don't have a good stash of Bitcoin or still in early phase of accumulation, you will surely get wrecked if you do.

Selling to buy back is a normal thing, but the small percentage of assets we own will only provide small profits. I am more interested in buying and holding while the accumulation of purchases can still be done according to the DCA method that most people use. The condition of selling to buy also does not guarantee whether we can repeat the same luck because prices fluctuate. If we understand that bitcoin is a long-term investment then the investment concept must also be thought about accumulation and it is best to use several methods to buy and not trade in the short term when the assets we own are very small.

This is just my personal thought because from what I've seen investors who expect to sell to buy usually don't have that strong of a hold on bitcoin. Apart from being new to investing, there are also doubts when Bitcoin experiences a severe correction. If you look at it today, perhaps Bitcoin has experienced a significant increase, but if you look at it 3 or 4 years ago, you will definitely think differently.

Though I can't deny the fact that all of us have our own different way of doing things, but what I really think of selling to buy back is really not ideal too me, because you can't develop a strong hands while doing that, and i see it as trading, because you can't tell me it's not trading if you are selling to make small small profit and be expecting to buy back once the price of Bitcoin deep, so it's a terrible investment plan if you are actually doing it.

Since I started my Bitcoin investment journey, I have come  to understand that, once you start tempering with your Bitcoin holdings in the name of selling to buy back, number one, you wouldn't be able to have a good stash of Bitcoin in your portfolio,   number two you wouldn't be able to develop a strong holding hands, you will be mostly be tempted to sell at any given price pump of Bitcoin, and with that kind of mindset, you wouldn't be able to build a generational wealth on the longer run, because you are actually a short term investor or a trader.

No doubt,  as I said before we only sell when we already have reached maturity stage whereby we have enough stash of Bitcoin, mind you the sells ain't for those at early stage of accumulation or still accumulating that hasn't yield a good sum, I consider that reinvesting which can be simplified when you sell (off partly) of your holdings and same time your accumulation process is going on. Sorry to say I know is sounds weird because majority don't have the purchasing power like others. The most important factor here is our Investment plan which we follow, as I do lay emphasis on having a Target too.

[Tmoonz]

I only would consider selling to buy back Bitcoin to be valid, when such investor musy have been present in the market for at least a full cycle to see how far his investment has gone, of which such investor must have a good stash of Bitcoin and has reach a certain maturity stage whereby he isn't joking around his portfolio but not a beginner or one who accumulation journey and portfolio is still below average ( best word I can use) that's same thing as chasing short term gains because you are just crashing your accumulation journey.

Selling to buy back is reinvestment in Bitcoin which isn't the right phase for anyone who don't have a good stash of Bitcoin or still in early phase of accumulation, you will surely get wrecked if you do.

Selling to buy back is a normal thing, but the small percentage of assets we own will only provide small profits. I am more interested in buying and holding while the accumulation of purchases can still be done according to the DCA method that most people use. The condition of selling to buy also does not guarantee whether we can repeat the same luck because prices fluctuate. If we understand that bitcoin is a long-term investment then the investment concept must also be thought about accumulation and it is best to use several methods to buy and not trade in the short term when the assets we own are very small.

This is just my personal thought because from what I've seen investors who expect to sell to buy usually don't have that strong of a hold on bitcoin. Apart from being new to investing, there are also doubts when Bitcoin experiences a severe correction. If you look at it today, perhaps Bitcoin has experienced a significant increase, but if you look at it 3 or 4 years ago, you will definitely think differently.

 it is Bitcoin we are talking about here and I find it problematic and it doesn't seem to be a normal thing to sell in order to buy back, surely you might buy back at a price higher than your selling point, but yeah any one can do whatever they like, the truth must be told that Bitcoin is best performed when view on a long term which is better than chasing a few dollars profits over short term price fluctuations, everyone have what Bitcoin really mean to then. Buying and holding for longer period of time is the best where you will experience compounded value of your investment over time.

[erep]

it is Bitcoin we are talking about here and I find it problematic and it doesn't seem to be a normal thing to sell in order to buy back, surely you might buy back at a price higher than your selling point, but yeah any one can do whatever they like, the truth must be told that Bitcoin is best performed when view on a long term which is better than chasing a few dollars profits over short term price fluctuations, everyone have what Bitcoin really mean to then. Buying and holding for longer period of time is the best where you will experience compounded value of your investment over time.

Actually, the strategy above is optional as an alternative to getting higher income than holding the same amount of assets, although this strategy is not recommended because we don't know if the market price will move higher than before, but on the other hand, you will get the profit if you can carry out the strategy optimally if the movement the market price is in line with the planning target, the "make a profit and buyback" strategy is actually very vulnerable so you can carry out this action using half your assets to avoid the risk if the market price continues to increase after you sell your assets.

[bestcoins1]

When I mentioned the investors who go all in on bitcoin, I didn't mean that they needed to depend on their bitcoin investment before they could make it in life or that they should put their whole money into bitcoin. What I meant was that they are into bitcoin investment for the long term, and it will be very difficult for them to sell their bitcoin investment for a cheap profit because they have enough reserve funds that will help them hold bitcoin until the expected year they have decided to cash in their bitcoin investment. 

I quite understand what you mean because some investors really like to invest in several types of assets and also in several types of places for the sake of greater profits in the future, which has become their target from now on. Likewise, their investment in Bitcoin, which is speculated to still have the potential to reach $100K, makes investors more confident in continuing to invest in Bitcoin by pouring more of the funds they have into Bitcoin and relying on it as a good enough investment. I think that's a pretty good thing to do as long as investors still have the ability to hold more Bitcoins before the price goes to $100K per Bitcoin in the market.

[Mayor of ogba]

When I mentioned the investors who go all in on bitcoin, I didn't mean that they needed to depend on their bitcoin investment before they could make it in life or that they should put their whole money into bitcoin. What I meant was that they are into bitcoin investment for the long term, and it will be very difficult for them to sell their bitcoin investment for a cheap profit because they have enough reserve funds that will help them hold bitcoin until the expected year they have decided to cash in their bitcoin investment. 

I quite understand what you mean because some investors really like to invest in several types of assets and also in several types of places for the sake of greater profits in the future, which has become their target from now on. Likewise, their investment in Bitcoin, which is speculated to still have the potential to reach $100K, makes investors more confident in continuing to invest in Bitcoin by pouring more of the funds they have into Bitcoin and relying on it as a good enough investment. I think that's a pretty good thing to do as long as investors still have the ability to hold more Bitcoins before the price goes to $100K per Bitcoin in the market.

Everyone is anticipating the bitcoin price to get to $100k, but not every investor will want to sell their bitcoin holdings when bitcoin gets to $100k. Maybe those who are new to bitcoin investment will want to sell their bitcoin investment, thinking that $100k would be the highest price of bitcoin. Let's always use what happened to Laszlo Hanyecz, who thought bitcoin would not be worth anything in the future and bought two pizzas with 10,000 bitcoins. Now the 10,000 bitcoins are worth $690,930,000, and he will forever regret his actions. Let's hold our bitcoin for the long term. Even when bitcoin hits the long-awaited $100k, we should just continue holding. Nobody can predict the price of bitcoin in the next 5–10 years, but probably bitcoin will be more than $100k by then.