Road to 100k?

[adultcrypto]

At present if one buys a dip the chances of loss is very low as many are buying dips with accumulated money. But buying the dip and waiting for a long time will certainly earn double the benefit, buying the dip at the present time and waiting for the next bull run to start. But among these, those who are interested in investing in Bitcoin with the DCA method are doing the best.

The market is complex and its left for everyone of us to study it and comprehend it to our strategies. Bitcoin on the road to $100k which will definitely happen but it do takes time. We understand bitcoin will continue to spot on limelight on influential whales and investors which will surround themselves with everything. Buying dips seems to be one of the most important action to take in the market but we should also watch out for the volatility that follows.

I don't think you need to dwell in the study of the market because in such academic exercise, you will never graduate so what is the point of the studies? Understanding the complex nature of the market and the futility of attempting to predict the market, it has been suggested that long time approach to bitcoin is the best way so that there will be no worry about what price will do in a short time.

It is important to know that it does not really require too much complex knowledge to start investing in bitcoin. In other words, you don't have to understand everything about the market and price movement, just the basic knowledge is fine to get an investor started provided the plan is to hold for a long time because that is where the main profit is.

[uneng]

It's early to talk about a road to 100,000$, but right now there might be road to 60,000$. Between highs and lows, Bitcoin is displaying a positive tendency on the last 24 hours. Support level seems to be increasing progressively, reaching new highs each new little dump along the day. Now Bitcoin has to recover the 59,000$ mark and get stable around that price, holding on against all the charges launched by the bears. Once Germany gets rid of their coins, things might start improving here, as it will be one less dumper to worry about.

[Popkon6]

It's early to talk about a road to 100,000$, but right now there might be road to 60,000$. Between highs and lows, Bitcoin is displaying a positive tendency on the last 24 hours. Support level seems to be increasing progressively, reaching new highs each new little dump along the day. Now Bitcoin has to recover the 59,000$ mark and get stable around that price, holding on against all the charges launched by the bears. Once Germany gets rid of their coins, things might start improving here, as it will be one less dumper to worry about.

One to two steps were sold by the USA government, the German government is gradually selling bitcoins. They are constantly sending their huge bitcoin reserves to bitcoin exchanges to get out of the dip. Although the Bitcoin market went up for a while it started dumping Bitcoins again, this July has been going like this. So once the German government gets rid of it, the Bitcoin market will surely go back to peak speed and hit the highest price ever.

[uneng]

One to two steps were sold by the USA government, the German government is gradually selling bitcoins. They are constantly sending their huge bitcoin reserves to bitcoin exchanges to get out of the dip. Although the Bitcoin market went up for a while it started dumping Bitcoins again, this July has been going like this. So once the German government gets rid of it, the Bitcoin market will surely go back to peak speed and hit the highest price ever.

It's possible Germany has already sold all or at least 90%-93% of the seized Bitcoins. There is a lot of speculation pointing on this direction.

Now the attention is going to the Mt. Gox redistribution. It's still unknown how it's going to affect the market. The redistribution itself isn't a big problem, because it's going to be made gradually, part of the funds are going to be paid in Bitcoin Cash, and not every coins are going to be dumped on the market.

On the other hand, people can get despaired by the news and then decide to sell, due to fear of a new crash. Trying to predict what is going to happen is making me lose sleep.

[Odohu]

It's early to talk about a road to 100,000$, but right now there might be road to 60,000$. Between highs and lows, Bitcoin is displaying a positive tendency on the last 24 hours. Support level seems to be increasing progressively, reaching new highs each new little dump along the day. Now Bitcoin has to recover the 59,000$ mark and get stable around that price, holding on against all the charges launched by the bears. Once Germany gets rid of their coins, things might start improving here, as it will be one less dumper to worry about.

You are obviously forgetting how volatile Bitcoin can be. Just one good positive news will send the price to the target of $100,000. I feel you are having a very short term view of Bitcoin because I believe that the later part of the year will be great for Bitcoin. If you had this thought too, you will not doubt the possibility of $100k.

Talking about $60k as target, that is just an hour movement for Bitcoin and it will be crushed. I have the strong feeling that $100k will be a possibility soon as we move towards September. My reason is the fact that despite the sells by German government, the price has recovered significantly within a short period meaning that the willingness of price to go higher is very strong. Even the combined effect of the news of Mt.Gox refund which was negative for Bitcoin still affected Bitcoin price yet it manages to recover to a great deal.

[Reincarnated Sat]

At present if one buys a dip the chances of loss is very low as many are buying dips with accumulated money. But buying the dip and waiting for a long time will certainly earn double the benefit, buying the dip at the present time and waiting for the next bull run to start. But among these, those who are interested in investing in Bitcoin with the DCA method are doing the best.

The market is complex and its left for everyone of us to study it and comprehend it to our strategies. Bitcoin on the road to $100k which will definitely happen but it do takes time. We understand bitcoin will continue to spot on limelight on influential whales and investors which will surround themselves with everything. Buying dips seems to be one of the most important action to take in the market but we should also watch out for the volatility that follows.

It is important to know that it does not really require too much complex knowledge to start investing in bitcoin. In other words, you don't have to understand everything about the market and price movement, just the basic knowledge is fine to get an investor started provided the plan is to hold for a long time because that is where the main profit is.

Yeah you are very correct, one don't need to have all the knowledge about Bitcoin before investing, all one need to kickoff the accumulation journey is the basic Bitcoin knowledge, However it is very important to also tell anyone going into Bitcoin about having a security, one needs to also secure his or her Bitcoin investment if not he or she will lose it, after starting the investment journey one needs to figure out his or her financial strength and fine a way to secure his or her investment by having a backup funds such as emergency, reserve and float funds.
A lot of newbie feels all they need is to only accumulate as many Bitcoin as possible without considering securing there investment and that is why is important to also let them no that as there are acquiring the little knowledge before starting there investment they should also learn always to secure there investment because securing the investment is as good as accumulating.

[Agbamoni]

It's early to talk about a road to 100,000$, but right now there might be road to 60,000$. Between highs and lows, Bitcoin is displaying a positive tendency on the last 24 hours. Support level seems to be increasing progressively, reaching new highs each new little dump along the day. Now Bitcoin has to recover the 59,000$ mark and get stable around that price, holding on against all the charges launched by the bears. Once Germany gets rid of their coins, things might start improving here, as it will be one less dumper to worry about.

Bitcoin cycle in 2021 came with a claim by the EOY that Bitcoin would reach 100k which it did not. Now the 2024 cycle is also repeating the same event which we ended up seeing that 100k might not be possible. We have come a long way which is 70k and it is so close to 100k. If we had bought from 2020 till now or 2021 that would be a lot of profit when it reaches 100k. However, buying at 60k or below is not a bad idea because last year we saw Bitcoin at 25k to 30k yet many did not buy expecting it to dip more.

Don't let the current price fluctuation deceive you from making such a mistake anymore. 60k is never a bad price to start buying because who knows the speculation may end up happening with Bitcoin crossing the 100k margin Which will leave a lot of investors with regrets. Hopefully we will learn from past mistakes.

[Pi-network314159]

It's early to talk about a road to 100,000$, but right now there might be road to 60,000$. Between highs and lows, Bitcoin is displaying a positive tendency on the last 24 hours. Support level seems to be increasing progressively, reaching new highs each new little dump along the day. Now Bitcoin has to recover the 59,000$ mark and get stable around that price, holding on against all the charges launched by the bears. Once Germany gets rid of their coins, things might start improving here, as it will be one less dumper to worry about.

I think we should not be much worried about bitcoin price right now, all we need now is accumulating more. The low price or volatility of bitcoin shouldn't give us concern that much, we have been there before both above and below, now Bitcoin price doesn't Frick us anymore. What we are move right now is buying the more because very soon that dick head called bitcoin would stand like a manhood that saw the nakedness of a lady lolz. Buy the dip and HODl and not looking at the market or speculation because sometimes it could be misleeding but we should focus and get sticked to our plans.