Road to 100k?

[Cryptoprincess101]

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."

Exactly, that's the most reasons why a lot of investors got misled is because of this quoting of what 'experts says' or what experts does like who is an expert in the first place? Does it mean they don't make wrong investment decisions sometimes? It is better to do more research about that particular thing you feel an expert did and became successful and even if you want to do same thing or you want to apply same strategies but you don't need to do exactly the same way they did theirs.

[Taskford]

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."

Exactly, that's the most reasons why a lot of investors got misled is because of this quoting of what 'experts says' or what experts does like who is an expert in the first place? Does it mean they don't make wrong investment decisions sometimes? It is better to do more research about that particular thing you feel an expert did and became successful and even if you want to do same thing or you want to apply same strategies but you don't need to do exactly the same way they did theirs.

They should not decide base on expert they say opinion since these people are also not sure with possible result. They are just guessing base on their understanding but there's no really accurate basis that they are following and also bitcoin is unpredictable after all so there's no point believing them.

So instead of trying to follow their wild guess I think much better if we do our own due diligence to determine each situation so we won't get any misleading information.
And also we can stick on our plan and cannot be disturb for our plans to continue to look forward for $100k  since its up for people to decide whether they sell some part of their profit to get something from it or continue to believe that there would be great prices to reach for more years to come.

[wmaurik]

Exactly, that's the most reasons why a lot of investors got misled is because of this quoting of what 'experts says' or what experts does like who is an expert in the first place? Does it mean they don't make wrong investment decisions sometimes? It is better to do more research about that particular thing you feel an expert did and became successful and even if you want to do same thing or you want to apply same strategies but you don't need to do exactly the same way they did theirs.

Experts also research something using time to gain more knowledge about something and they also apply it to themselves in order to gain future profits through something or through Bitcoin. So it is not wrong if someone just relies more on themselves to carry out research like that done by experts in order to gain more knowledge about Bitcoin or about better investments. Because they also cannot predict the future more clearly, those who are considered experts are no different from someone who continues to do research and continues to do work to get the right strategy for something. But if those experts only say about Bitcoin and they say to ignore everything else in the current conditions, I think such words also need to be considered better.

[adultcrypto]

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.

You are very correct especially in the aspect of connecting luck to selling to buy back. It is truly a thing of luck because there are so many things that can make an investor not to be able to effectively sell and replenish his bitcoin collection. One of them is being unable to know the right entry point because people who engage in such practice usually want to buy at the perfect bottom and sell at the perfect peak. As we know, it is very difficult knowing what the bottom and peak will be, so the investor can miss getting an entry just because of this confusion. Hence, the reason I agree that it will involve some form of luck to be able to effectively do this.

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.

To me those are not real holders rather the are traders who buy and sell with target of profit and not owning bitcoin. There are investors who are motivated by the need to own bitcoin not just for some fast profits. These are the people to hold bitcoin more even during retracement or bear market, they treasure bitcoin and wouldn't want to let go of it because the know how valuable it is.

My motivation to start buying and holding bitcoin is because I have seen how beautiful bitcoin is and the freedom it offers to those who take possession of it. The potential is just amazing and I have decided to give it all it takes to be able to stash as many of it as I can because it only gets better with time. So the longer I have it, the better it gets so the best way to secure the future is to have enough bitcoin in my portfolio.

[JayJuanGee]

[edited out]

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

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

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

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

[Synchronice]

Road to 100K is guaranteed, I mean, it's really guaranteed! If anyone basically wants guaranteed profit, it's never to buy Bitcoin below 100K (I am not giving anyone a financial advice, don't sell your house because of me). Bitcoin is expected to grow and increase in USD value after halving, here we got it this year. At the same time, we also got Bitcoin ETFs, it was a shock for Bitcoin in a positive way and despite the halving, it already affected Bitcoin's price very positively and 70K is not the end, it's just the beginning of a bull run. This winter, Bitcoin will reach 100K and higher, I wouldn't be surprised to see 150K or even maximum 200K USD per Bitcoin.

[ultrloa]

Road to 100K is guaranteed, I mean, it's really guaranteed! If anyone basically wants guaranteed profit, it's never to buy Bitcoin below 100K (I am not giving anyone a financial advice, don't sell your house because of me). Bitcoin is expected to grow and increase in USD value after halving, here we got it this year. At the same time, we also got Bitcoin ETFs, it was a shock for Bitcoin in a positive way and despite the halving, it already affected Bitcoin's price very positively and 70K is not the end, it's just the beginning of a bull run. This winter, Bitcoin will reach 100K and higher, I wouldn't be surprised to see 150K or even maximum 200K USD per Bitcoin.

Before when bitcoin is newly created then we can say that everything is unsure since we don't know how deep the adoption will take place for it since there's no institutions yet joining and adopting it. But right now that we know bitcoin is going so strong and the adoption rate became so high then there's no really question that we can achieve $100k soon. We are near to that Bitcoin price is staying at $66k to $70k+ at the moment so that 6 digit figures speculation is almost near to reached. I may have a strong feeling that we can reached that this year that's why I continue to accumulate and because for sure once we reached that far and we have lots of balance accumulated then for sure that we will have good celebration to happen once bitcoin price successfully reach to that figures.

$150k - $200k is not impossible to happen so let see if we bitcoin could able to reach that price next year so lets continue to believe for some positive to happen and continue to hodl.

[Hewlet]

If anyone basically wants guaranteed profit, it's never to buy Bitcoin below 100K (I am not giving anyone a financial advice, don't sell your house because of me).

the fact that we're anticipating Bitcoin to hit $100k doesn't mean that if you buy Bitcoin above $100k you will be in loss or that you should become all too aggressive at any price below $100k and then stop buying once Bitcoin gets to $100k. Remember that there was a time when $10k was a big deal for so many and a lot of us that weren't fortunate to be among those that were exposed to it at the time had no choice rather than buying at the price we've come to see it. With the trend of things, we're almost at $100k and even when it eventually happens, it's not going to be any difference from when Bitcoin had the previous ATH. If you've still not accumilated enough till Bitcoin gets to that sort of price, you would still continue buying at $100k till it gets to $200k and if you've not reached your balanced stage at that price, you will still buy at that price.

Bitcoin is expected to grow and increase in USD value after halving, here we got it this year. At the same time, we also got Bitcoin ETFs, it was a shock for Bitcoin in a positive way and despite the halving, it already affected Bitcoin's price very positively and 70K is not the end, it's just the beginning of a bull run.

recall we had already hit $73k even before the halving which tells you that we've been in a bullish season for a while now even before the halving and what's now the expectation of most folks is to see a rapid breakout immediately after the halving which i think might nit have happened yet but is bent on happening in less than no time.

This winter, Bitcoin will reach 100K and higher, I wouldn't be surprised to see 150K or even maximum 200K USD per Bitcoin.

you seems to be too certain on the particular time Bitcoin will hit $100k. Well, this is also a possibility that might happen earlier than expected or that might take a big longer than expected but I just kind of feel like the next major bill will surprise most people that have started getting tired while waiting already. Just know that the big bull is near by the corner.

[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.

 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.

Well said, having a compounded value overtime,with a long term view of which you might decide to sell anyways depending on your plan and how far you have achieved your target or have gone in your accumulation journey. Which won't be a good way to sell, without creating a means whereby we keep accumulating, buying irrespective of how far we might have stash which i see as (re-investing) that everyone must incorporate as they journey in Bitcoin Market.

[Roseline492]

Road to 100K is guaranteed, I mean, it's really guaranteed! If anyone basically wants guaranteed profit, it's never to buy Bitcoin below 100K (I am not giving anyone a financial advice, don't sell your house because of me). Bitcoin is expected to grow and increase in USD value after halving, here we got it this year. At the same time, we also got Bitcoin ETFs, it was a shock for Bitcoin in a positive way and despite the halving, it already affected Bitcoin's price very positively and 70K is not the end, it's just the beginning of a bull run. This winter, Bitcoin will reach 100K and higher, I wouldn't be surprised to see 150K or even maximum 200K USD per Bitcoin.

Actually I'm finding it very difficult to understand the point you are trying to make here, perhaps do you mean that buying Bitcoin below $100k is not good? Because if so I wonder why you will have that mindset  of thinking that buying below $100k is not investment wise, well my perception on the whole thing is that no matter how far or low the price might have gone it shouldn't be a problem that will influence the mindset of people because the most important thing is if the person intention is for a long term holding because holders doesn't allow price to have an influence on there buying.

However I know that everybody are very curious to know how far Bitcoin price will go on this year and almost everybody want it to skyrocket before the year runs our but don't we think is still early to be expecting the price to hit either $150k or $200k now? , I mean there is nothing wrong in wishing or hoping for the price to get to that level but the main thing that should be considered now is getting to $100k first and also getting a good amount of Bitcoin in our portfolio because already we know that Bitcoin will surpass those levels in time to come.

[Barikui1]

Road to 100K is guaranteed, I mean, it's really guaranteed! If anyone basically wants guaranteed profit, it's never to buy Bitcoin below 100K (I am not giving anyone a financial advice, don't sell your house because of me). Bitcoin is expected to grow and increase in USD value after halving, here we got it this year. At the same time, we also got Bitcoin ETFs, it was a shock for Bitcoin in a positive way and despite the halving, it already affected Bitcoin's price very positively and 70K is not the end, it's just the beginning of a bull run. This winter, Bitcoin will reach 100K and higher, I wouldn't be surprised to see 150K or even maximum 200K USD per Bitcoin.

Actually I'm finding it very difficult to understand the point you are trying to make here, perhaps do you mean that buying Bitcoin below $100k is not good? Because if so I wonder why you will have that mindset  of thinking that buying below $100k is not investment wise, well my perception on the whole thing is that no matter how far or low the price might have gone it shouldn't be a problem that will influence the mindset of people because the most important thing is if the person intention is for a long term holding because holders doesn't allow price to have an influence on there buying.

However I know that everybody are very curious to know how far Bitcoin price will go on this year and almost everybody want it to skyrocket before the year runs our but don't we think is still early to be expecting the price to hit either $150k or $200k now? , I mean there is nothing wrong in wishing or hoping for the price to get to that level but the main thing that should be considered now is getting to $100k first and also getting a good amount of Bitcoin in our portfolio because already we know that Bitcoin will surpass those levels in time to come.

I understand what you are saying perfectly well, but to me, those set of people getting worried on when the price of Bitcoin will get to 100k mark are just newbies investors or traders, because anyone that have a good knowledge of  Bitcoin will know that Bitcoin must have greatly under achieved for it not to go above the 100k mark by a mile in 5 to 10 years time from now, so I believe that the The potential of Bitcoin is really really high, so waiting for Bitcoin to get to 100k for me to start taking profit it's like a massive loss too me, when I know that it might skyrocket up to 500k plus in 15-20 years from now, so the essence of all this is that, if truly you are a long term investor, you wouldn't even be bothered or too excited if Bitcoin get up to 100k this year, because that's way below the actual potential of Bitcoin on the longer run.

Lastly, I believe that we are still in the early days of Bitcoin, so investing now regardless of the price will still end in a win win situation, as long as you are a long term holder.

[I_Anime]

Road to 100K is guaranteed, I mean, it's really guaranteed! If anyone basically wants guaranteed profit, it's never to buy Bitcoin below 100K (I am not giving anyone a financial advice, don't sell your house because of me). Bitcoin is expected to grow and increase in USD value after halving, here we got it this year. At the same time, we also got Bitcoin ETFs, it was a shock for Bitcoin in a positive way and despite the halving, it already affected Bitcoin's price very positively and 70K is not the end, it's just the beginning of a bull run. This winter, Bitcoin will reach 100K and higher, I wouldn't be surprised to see 150K or even maximum 200K USD per Bitcoin.

That's true though, but still we can't actually tell. But Bitcoin still got some potential of beating $100k and above, that's why we shouldn't think of selling yet , expecially those that haven't gotten themselves some good Bitcoin Stashes. So we should this opportunity to accumulate and hodl. So they we won't make any rash decisions that we are going to regret at the end . That's why is better to Keep holding, and even though there's dip, we just have to buy more,. Because is better for bitcoin to dip for sometime with yah holding and ruse More later than not having any stash at all.

Well said, having a compounded value overtime,with a long term view of which you might decide to sell anyways depending on your plan and how far you have achieved your target or have gone in your accumulation journey. Which won't be a good way to sell, without creating a means whereby we keep accumulating, buying irrespective of how far we might have stash which i see as (re-investing) that everyone must incorporate as they journey in Bitcoin Market.

We all know that our ROI , In Bitcoin depend more on the quantities of bitcoin stash or the quantities of Bitcoin we have accumulated. Because if Bitcoin experience a surge in price and one not having enough Bitcoin Stash or having much quantities in their portfolio, they won't endup with some good return (profit) , due to the low quantities of bitcoin stagsh In their portfolio. But in a situation whereby an individual have reached his accumulation goal (having enough Bitcoin Stashes), they will definitely endup with some nice returns due to the large quantities Bitcoin they are holding. So Inorder to be among such set of people we have to accumulate as much as we can without over doing it though .

[sotelorene]

We all know that bitcoin is volatile in nature and what will all do, it's like prediction that's after our analysis we take a decision which sometime will happen the way we wanted it to and sometime it doesn't happen. Anyone who invested in bitcoin will always want or wish for it to skyrocket but it's not our expectations that is controlling it.

You sound like someone who is focused on trading because actually I see no reason why you would want to analyzed the market before you can start investing, however considering the fact that you seem very new in terms of investment you should focus on how you can accumulate Bitcoin and hold because in terms of holding you don't need any technical analysis or prediction to determine your investment plan since the goal will be for holding and also I wouldn't advise you to focus on trading because is a big risk and there is a big chance you could blow your investment portfolio.

However one thing you most understand is that with the potential of Bitcoin it will surely move very high even if it take some time, perhaps that's why holders shouldn't think about any analysis before investing on Bitcoin because no matter the price you started accumulating in the future it will worth it.

Thank you for letting me know that it is better to  accumulate and hold Bitcoin than to trade and I understand now that Bitcoin require little or no analysis since it is something that will skyrocket no matter the drop or dip. I have been doing and thinking more of trading that is why it have been so difficult for me. Morever, I understand that trading will be very risky for me since it is a short term something and if it doesn't work out well for me it will be so frustrating.

[sotelorene]

[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.

I don't know if this is your strategy but I think the strategy is very nice cause it will help one to still be somehow grounded in their investment. In as much as it is good to invest when the price is low that doesn't mean that we should sell all our Bitcoin when it skyrocket though that's what most people are practicing but I have come to realize that it's not  advisable to sell all your Bitcoin and then wait for a drop or dip to invest again, this can make one lose balance and sometimes you may even short or use some of the money earned from selling your coin and this will really affect your investment plan that's why it is good to sell some and not all the coin in case of necessity.

[letteredhub]

Road to 100K is guaranteed, I mean, it's really guaranteed! If anyone basically wants guaranteed profit, it's never to buy Bitcoin below 100K (I am not giving anyone a financial advice, don't sell your house because of me). Bitcoin is expected to grow and increase in USD value after halving, here we got it this year. At the same time, we also got Bitcoin ETFs, it was a shock for Bitcoin in a positive way and despite the halving, it already affected Bitcoin's price very positively and 70K is not the end, it's just the beginning of a bull run. This winter, Bitcoin will reach 100K and higher, I wouldn't be surprised to see 150K or even maximum 200K USD per Bitcoin.

$30k is nothing if we have reached a $70k price, the 70k has been reached twice now. First was in the new ATH $73k and secondly on this recent when bitcoin price got to $70k again after some weeks of consolidating. A house is also an asset and I won't have to sell mine to invest the money into bitcoin, instead money we are to invest in bitcoin should be money we literally can afford to lose or be patient with till a high price it reached which can bring us profit after a long term run. Am optimistic that bitcoin marvel a lot of us with a new ATH above even $200k, the signs are there for those who can see it.

[EarnOnVictor]

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."

Exactly, that's the most reasons why a lot of investors got misled is because of this quoting of what 'experts says' or what experts does like who is an expert in the first place? Does it mean they don't make wrong investment decisions sometimes? It is better to do more research about that particular thing you feel an expert did and became successful and even if you want to do same thing or you want to apply same strategies but you don't need to do exactly the same way they did theirs.

I've always preached against the blind followers on this forum and I am happy that another person is supporting this view. It is not a misconception that most people are gullible, and for this reason, you should not be surprised at all, but rather expect more gullibility. But I thank one thing, and that is Bitcoin for putting them to shame many times that it is now a bonafide asset in the mainstream of the financial market, it can never be behaving as illiquid (that can be controlled with some announcements/popular predictions and a few bucks like before) or in a way that is not dynamic like a reasonable market.

Those two characteristics might not mean anything to you but they mean a whole lot to me because any market you predict cheaply and always get right all the time is no market but a joke. This is what they expected of Bitcoin and the more reason why they are emboldened, especially when it is rising, but not knowing that the market is dynamic. They should know that it is no longer business as usual. I can only encourage Bitcoin traders/investors to be up and doing, they should never be too trusting but learn and develop themselves so well about the speculative aspect of it, and I am sure they will laugh in the end.

[rhodelmabanal]

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?

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

[JayJuanGee]

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."

Exactly, that's the most reasons why a lot of investors got misled is because of this quoting of what 'experts says' or what experts does like who is an expert in the first place? Does it mean they don't make wrong investment decisions sometimes? It is better to do more research about that particular thing you feel an expert did and became successful and even if you want to do same thing or you want to apply same strategies but you don't need to do exactly the same way they did theirs.

I've always preached against the blind followers on this forum and I am happy that another person is supporting this view. It is not a misconception that most people are gullible, and for this reason, you should not be surprised at all, but rather expect more gullibility. But I thank one thing, and that is Bitcoin for putting them to shame many times that it is now a bonafide asset in the mainstream of the financial market, it can never be behaving as illiquid (that can be controlled with some announcements/popular predictions and a few bucks like before) or in a way that is not dynamic like a reasonable market.

Those two characteristics might not mean anything to you but they mean a whole lot to me because any market you predict cheaply and always get right all the time is no market but a joke. This is what they expected of Bitcoin and the more reason why they are emboldened, especially when it is rising, but not knowing that the market is dynamic. They should know that it is no longer business as usual. I can only encourage Bitcoin traders/investors to be up and doing, they should never be too trusting but learn and develop themselves so well about the speculative aspect of it, and I am sure they will laugh in the end.

My original criticism about appeal to authority was not ONLY a criticism of actually having some authority to appeal to, yet also merely making a claim about what "experts say" without even naming the supposedly specific experts and/or providing some kind of a link rather than just vaguely making a statement and then saying "experts say" as a back up.. even if the statement might have had been somewhat reasonable, it still was not backed up by much beyond some vague assertion that some supposed experts are saying that thing.

Also, when we are talking about what the BTC price is going to do, sure there are likely some folks who are more expert on the topic than others, at least in terms of having some reasons for suggesting that they know where the price is going, yet even with that, bitcoin price movement is based on a variety of variables and some of which are unknown or unknowable, so the best that can be made would be some kind of a probabilities of good or bad chances that the BTC price might breach certain thresholds within some kind of a designated period of time.

[Frankolala]

[edited out]

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

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

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

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

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

Also, when we are talking about what the BTC price is going to do, sure there are likely some folks who are more expert on the topic than others, at least in terms of having some reasons for suggesting that they know where the price is going, yet even with that, bitcoin price movement is based on a variety of variables and some of which are unknown or unknowable, so the best that can be made would be some kind of a probabilities of good or bad chances that the BTC price might breach certain thresholds within some kind of a designated period of time.

You are right since we cannot look into the future to know when and what bitcoin price will be in future, but we know that based on past records there is a higher probability that the price will increases higher than going to zero. This is why we can only speculate about the price and not saying it with assurance that it will reach a certain price without prove for others to look into it.

[AnonBitCoiner]

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

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

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