Road to 100k?

[ultrloa]

~Snip

What you said is quite cool and makes sense because no matter what, beginner investors will not be able to ignore basic knowledge, patience, risk management, and investment time if they invest in Bitcoin. Because all of these are important things that need to be understood and also passed by every investor who wants to get rich with the investment that he has entrusted based on his own decision, namely Bitcoin. In addition, at this time there are many investors who are being tested for their level of patience in holding and maintaining Bitcoin so that they do not immediately sell it because they panic when they see the decline in the price of Bitcoin on the market.

You may be right, but not all investors actually put their knowledge into practice when the market is not in line with their wishes. I can give examples of several cases from my friend outside this forum, he is a bitcoin investor who understands the basics of investment, but what he regrets most is that he couldn't buy when the market was down.

He knew exactly that accumulation was good and DCA was useful, but the lack of additional capital made him have to accept reality and let the opportunity pass him by. Basic knowledge is indeed important in investing, while risk management is equally important, but preparing a backup plan should not be ignored.

Mostly because your friend didn't execute what he learn also he don't have huge trust on bitcoin its because he didn't take good action even if bitcoin present so well a good price for people who want to start their journey. But for sure he regret those decision for not acquiring especially that there's good recovery currently happening in the market. If he keep those attitude and didn't learn from his mistake for sure he will continue to doubt about not moving.
,
And he will just say some nice stories about the old times of bitcoin but, they didn't take advantage on those times when there's opportunity for them to take action. But even though those dumps has been surpassed by bitcoin your friend could still start at current price since as we know bitcoin there's still huge chance for it to pump more. The $100k speculation still alive and if again they doubt if this price would came for sure this is another situation that these people will doubt again on why they before they didn't buy some bitcoins.

[Frankolala]

~Snip

What you said is quite cool and makes sense because no matter what, beginner investors will not be able to ignore basic knowledge, patience, risk management, and investment time if they invest in Bitcoin. Because all of these are important things that need to be understood and also passed by every investor who wants to get rich with the investment that he has entrusted based on his own decision, namely Bitcoin. In addition, at this time there are many investors who are being tested for their level of patience in holding and maintaining Bitcoin so that they do not immediately sell it because they panic when they see the decline in the price of Bitcoin on the market.

You may be right, but not all investors actually put their knowledge into practice when the market is not in line with their wishes. I can give examples of several cases from my friend outside this forum, he is a bitcoin investor who understands the basics of investment, but what he regrets most is that he couldn't buy when the market was down.

He knew exactly that accumulation was good and DCA was useful, but the lack of additional capital made him have to accept reality and let the opportunity pass him by. Basic knowledge is indeed important in investing, while risk management is equally important, but preparing a backup plan should not be ignored.

Your friend does not need to regret that he didn't buy at the dip because no one will know when the dip will come and that is why when investing in bitcoin it is good to plan for the UPity and DOWNity of bitcoin price so that you will not regret any price that the market offers your to buy with.

Since he is still on his ongoing DCA accumulating strategy that should help him also benefit from the dip and he should not kill himself for not having a reserve funds to buy more Bitcoin during the dip because there will be more dip coming in future and he needs to start preparing for such dip now he wants to buy more Bitcoin at the dip.

New investors don't need to worry if they have extra funds to buy during the dip or not because what matters the most is for them to keep on stacking their bitcoin portfolio with regular DCA buying and building their portfolio gradually overtime so that they don't end up holding too much fiat in the sake of preparing for the dip because if the dip did not come, their fiat value will depreciate. Instead new investors should only use DCA so that they can buy with the actual amount of money instead of reserving some for the dip that is not guaranteed.

[JayJuanGee]

~Snip

What you said is quite cool and makes sense because no matter what, beginner investors will not be able to ignore basic knowledge, patience, risk management, and investment time if they invest in Bitcoin. Because all of these are important things that need to be understood and also passed by every investor who wants to get rich with the investment that he has entrusted based on his own decision, namely Bitcoin. In addition, at this time there are many investors who are being tested for their level of patience in holding and maintaining Bitcoin so that they do not immediately sell it because they panic when they see the decline in the price of Bitcoin on the market.

You may be right, but not all investors actually put their knowledge into practice when the market is not in line with their wishes. I can give examples of several cases from my friend outside this forum, he is a bitcoin investor who understands the basics of investment, but what he regrets most is that he couldn't buy when the market was down.

He knew exactly that accumulation was good and DCA was useful, but the lack of additional capital made him have to accept reality and let the opportunity pass him by. Basic knowledge is indeed important in investing, while risk management is equally important, but preparing a backup plan should not be ignored.

When it comes to bitcoin investment there are things which are very important to have or do if one wants to be successful which are.
1. Patience

2. Consistency

3. Backup funds
This 3 things most be in place if you want to succeed in your Bitcoin investment.
Now for backup funds, if you don't have any backups you can start accumulating it along side with your Bitcoin, then when you accumulate ur backup funds to a point you feel is okay then you can live it and then focus on your Bitcoin accumulation.
Without having a backup funds you will surely dip hands into your Bitcoin as time goes on, some people feel they are been paid very well and they can settle everything they need with there salary, that may be true but the reason why it is advised to have a good backup funds which comprises of emergency, reserve and float funds, is because of unexpected occurrence or emergency issue, such as being sack from work, having accident, sickness, etc. Backup funds are security for your Bitcoin.

I don't disagree with what you are saying; however, it does seem that you skipped the most important consideration, which is investing within the boundaries of your discretionary income..., which also should mean that the discretionary income that you use is income that you don't need for 4-10 years or longer.. which means that it is also money that you are willing to completely lose in the event that bitcoin were to go down rather than UP.

Sure no one invests in bitcoin or in any other kind of an investment with an intention of losing money, yet part of the way of assuring an ability to stick with an investment through the ups and the downs is to use extra money that you don't need for expenses.

[As-Soon-As]

The price of Bitcoin is constantly increasing and sometimes dumping is normal, if such dumping is to create opportunities for investors to invest, all investors can use these dumpings to make their money in the investment sector. So such a dumping in Bitcoin market is not really a matter of disappointment and it recovers again. But if you think from other angles, you will realize that such a situation is possible only with Bitcoin.  

So the price of Bitcoin will definitely hit 100 is very likely to happen later this year, this may be the last dumping of the bull run, from now on only the Bitcoin market will see improvement. And you start doing DCA method in this method money and bitcoin can be added very easily.

[Samlucky O]

The price of Bitcoin is constantly increasing and sometimes dumping is normal, if such dumping is to create opportunities for investors to invest, all investors can use these dumpings to make their money in the investment sector.

Sure, bitcoin correction is normal for investors to increase their portfolio it gives room to accumulate more expecially
Now bitcoin is below $100k. Another thing I will like you to know is that investors have the opportunity to invest in bitcoin all the time regardless of the correction. Correction is just another opportunity to buy the dip and not what will deprive of from not investing on a regular DCA. Because talking about only price correction makes it look though as if it's the only opportunity we have to invest in Bitcoin. Bitcoin has always been a volatile assets and most people has made alot of money from it even when there were no price correction. They just invested on bitcoin knowing the future and potential of it. As I was going through an article I saw list of people who became bitcoin millionaire simply by investing on it and when bitcoin became bullish. Though they are 12 of them but I chose the statement of no.(4) and (5)by Jeremy Gardner and Heather Delaney. they made some increadible coment which are as follows

(4)Jeremy Gardner
We’ve been told that it’s going to die so many times. And yet here it is, stronger than ever. I think there’s a certain sense of vindication if you were investing in this technology and people were calling you stupid for a long time,” Gardner said.

(5)Heather Delaney
“I know loads of people who have done exciting things with their investments, but for me, it's part of my pension plan.”
by Heather Delaney,

Here is the link below
https://www.cointree.com/learn/bitcoin-success-stories/

So the price of Bitcoin will definitely hit 100 is very likely to happen later this year, this may be the last dumping of the bull run,

I doesn't really matter if its the last dumps or not, what really matters how far you have gone in your accumulation process.

from now on only the Bitcoin market will see improvement. And you start doing DCA method in this method money and bitcoin can be added very easily.

Bitcoin has been seeing improvements for so long due to it volatility, and not after dump this last time according to you, that it will start increasing.

[SuperBitMan]

~Snip

What you said is quite cool and makes sense because no matter what, beginner investors will not be able to ignore basic knowledge, patience, risk management, and investment time if they invest in Bitcoin. Because all of these are important things that need to be understood and also passed by every investor who wants to get rich with the investment that he has entrusted based on his own decision, namely Bitcoin. In addition, at this time there are many investors who are being tested for their level of patience in holding and maintaining Bitcoin so that they do not immediately sell it because they panic when they see the decline in the price of Bitcoin on the market.

You may be right, but not all investors actually put their knowledge into practice when the market is not in line with their wishes. I can give examples of several cases from my friend outside this forum, he is a bitcoin investor who understands the basics of investment, but what he regrets most is that he couldn't buy when the market was down.

He knew exactly that accumulation was good and DCA was useful, but the lack of additional capital made him have to accept reality and let the opportunity pass him by. Basic knowledge is indeed important in investing, while risk management is equally important, but preparing a backup plan should not be ignored.

When it comes to bitcoin investment there are things which are very important to have or do if one wants to be successful which are.
1. Patience

2. Consistency

3. Backup funds
This 3 things most be in place if you want to succeed in your Bitcoin investment.
Now for backup funds, if you don't have any backups you can start accumulating it along side with your Bitcoin, then when you accumulate ur backup funds to a point you feel is okay then you can live it and then focus on your Bitcoin accumulation.
Without having a backup funds you will surely dip hands into your Bitcoin as time goes on, some people feel they are been paid very well and they can settle everything they need with there salary, that may be true but the reason why it is advised to have a good backup funds which comprises of emergency, reserve and float funds, is because of unexpected occurrence or emergency issue, such as being sack from work, having accident, sickness, etc. Backup funds are security for your Bitcoin.

I don't disagree with what you are saying; however, it does seem that you skipped the most important consideration, which is investing within the boundaries of your discretionary income..., which also should mean that the discretionary income that you use is income that you don't need for 4-10 years or longer.. which means that it is also money that you are willing to completely lose in the event that bitcoin were to go down rather than UP.

Sure no one invests in bitcoin or in any other kind of an investment with an intention of losing money, yet part of the way of assuring an ability to stick with an investment through the ups and the downs is to use extra money that you don't need for expenses.

Yeah you are right, when one uses such income to invest it will enable one hold for a very long time without wanting to dip hands into his or her Bitcoin.
When you use income that you need in the next year then your Bitcoin investment is not secured.
This you have mentioned is part of bitcoin security measures every investors should take very seriously in other to succeed in his or her Bitcoin accumulation.

[Promocodeudo]

Waiting is part of the business so anyone who cannot wait will not be able to survive in Bitcoin investment. So, it is good to get the mind properly set on the right track with the understanding of the fact that investment in Bitcoin is a waiting game.  Whichever method anyone choses, be it DCA or buying the dip, there is some element of waiting and even when the Bitcoin have been bought, waiting is needed because holding is still part of waiting.

There's no profits that you can get in investing without waiting. For those who don't want to wait they can learn to start trading and get profits when they get their trades right but if you want to become an investor, you must learn to have patience. The price of Bitcoin might have taken a blow as the price is now below $60k but we shouldn't lose hope because when it starts to rise back, there'll be no stopping of Bitcoin. We have to think of long term before investing in Bitcoin or we shouldn't invest because thinking short term will make us losers in the long run.

Every dip should be a buying opportunity and we shouldn't panic, great investors don't panic when they market is falling because they buy and if we are busy buying. We won't have the time to come online to complain that they price of Bitcoin is falling. You're right by saying waiting is a part of business and investing in Bitcoin can be considered your business because of the profits it can give us but we shouldn't only be depending in Bitcoin as we can have other investments outside of cryptocurrency to help us in bear seasons.

Not at all, investing withing exercising patience will amount to trial in futility, there is know need of investing when you can't persevere, an investor must understand that Bitcoin was never built to work to serve short-term purposes, any investors having such mindset should desist from such because such expect or mindset may not come to reality, at any point in time investor are not expected to give up hence the understand that once the dip, opportunity are open to every investor to invest, sometimes am surprise when people invest in Bitcoin and expect a fast return, is as if they never heard about this investment being a long-term asset.

I now understand the reason why people always put all their problems in Bitcoin forgetting that Bitcoin is an investment thats meant to generate profit in the future, I think as an investor, Bitcoin shouldnt be over burdened with too much expectations coming from it rather investors should have other means of survival to allow them to continue accumulating and waiting patiently till the apointed time.

[I_Anime]

~Snip

What you said is quite cool and makes sense because no matter what, beginner investors will not be able to ignore basic knowledge, patience, risk management, and investment time if they invest in Bitcoin. Because all of these are important things that need to be understood and also passed by every investor who wants to get rich with the investment that he has entrusted based on his own decision, namely Bitcoin. In addition, at this time there are many investors who are being tested for their level of patience in holding and maintaining Bitcoin so that they do not immediately sell it because they panic when they see the decline in the price of Bitcoin on the market.

You may be right, but not all investors actually put their knowledge into practice when the market is not in line with their wishes. I can give examples of several cases from my friend outside this forum, he is a bitcoin investor who understands the basics of investment, but what he regrets most is that he couldn't buy when the market was down.

He knew exactly that accumulation was good and DCA was useful, but the lack of additional capital made him have to accept reality and let the opportunity pass him by. Basic knowledge is indeed important in investing, while risk management is equally important, but preparing a backup plan should not be ignored.

When it comes to bitcoin investment there are things which are very important to have or do if one wants to be successful which are.
1. Patience

2. Consistency

3. Backup funds
This 3 things most be in place if you want to succeed in your Bitcoin investment.
Now for backup funds, if you don't have any backups you can start accumulating it along side with your Bitcoin, then when you accumulate ur backup funds to a point you feel is okay then you can live it and then focus on your Bitcoin accumulation.
Without having a backup funds you will surely dip hands into your Bitcoin as time goes on, some people feel they are been paid very well and they can settle everything they need with there salary, that may be true but the reason why it is advised to have a good backup funds which comprises of emergency, reserve and float funds, is because of unexpected occurrence or emergency issue, such as being sack from work, having accident, sickness, etc. Backup funds are security for your Bitcoin.

I don't disagree with what you are saying; however, it does seem that you skipped the most important consideration, which is investing within the boundaries of your discretionary income..., which also should mean that the discretionary income that you use is income that you don't need for 4-10 years or longer.. which means that it is also money that you are willing to completely lose in the event that bitcoin were to go down rather than UP.

Sure no one invests in bitcoin or in any other kind of an investment with an intention of losing money, yet part of the way of assuring an ability to stick with an investment through the ups and the downs is to use extra money that you don't need for expenses.

Yeah you are right, when one uses such income to invest it will enable one hold for a very long time without wanting to dip hands into his or her Bitcoin.
When you use income that you need in the next year then your Bitcoin investment is not secured.
This you have mentioned is part of bitcoin security measures every investors should take very seriously in other to succeed in his or her Bitcoin accumulation.

Yeah and That`s why is not encouraging to accumulate your emergency funds, to prevent youself  from making such mistake like selling your bitcoin stashes too early inorder to cover the expenses your emergency funds is meant for . So tha your bitcoin investment that`s meant for longterm holding wont endup being your  emergency funds. Is good to be aggressive in your accumulation but always try not to over do it .

Because is always nice to see your bitcoin stahes growing, but what is nice the most is hitting your goal  no matter how long it may take just keep accumulating and doing the right thing to secure a smooth investment .

[NicNacCoin]

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?

We can see that the market has been steadily declining for the past few days and has gradually moved below $50,000 and then the market has started to rise and now the market is back above around $61,000. So we definitely believe that by 2024, the market will cross $70,000 again, and in 2025, Bitcoin is most likely to reach $100,000. But I don't think the market will go down any more, I think the market will slowly go up from here and make all time highs. So those who are thinking a lot about the market and are tensing up about the investment, you should keep your investment, hopefully the market will continue to grow.

[Roseline492]

~Snip

What you said is quite cool and makes sense because no matter what, beginner investors will not be able to ignore basic knowledge, patience, risk management, and investment time if they invest in Bitcoin. Because all of these are important things that need to be understood and also passed by every investor who wants to get rich with the investment that he has entrusted based on his own decision, namely Bitcoin. In addition, at this time there are many investors who are being tested for their level of patience in holding and maintaining Bitcoin so that they do not immediately sell it because they panic when they see the decline in the price of Bitcoin on the market.

You may be right, but not all investors actually put their knowledge into practice when the market is not in line with their wishes. I can give examples of several cases from my friend outside this forum, he is a bitcoin investor who understands the basics of investment, but what he regrets most is that he couldn't buy when the market was down.

He knew exactly that accumulation was good and DCA was useful, but the lack of additional capital made him have to accept reality and let the opportunity pass him by. Basic knowledge is indeed important in investing, while risk management is equally important, but preparing a backup plan should not be ignored.

When it comes to bitcoin investment there are things which are very important to have or do if one wants to be successful which are.
1. Patience

2. Consistency

3. Backup funds
This 3 things most be in place if you want to succeed in your Bitcoin investment.
Now for backup funds, if you don't have any backups you can start accumulating it along side with your Bitcoin, then when you accumulate ur backup funds to a point you feel is okay then you can live it and then focus on your Bitcoin accumulation.
Without having a backup funds you will surely dip hands into your Bitcoin as time goes on, some people feel they are been paid very well and they can settle everything they need with there salary, that may be true but the reason why it is advised to have a good backup funds which comprises of emergency, reserve and float funds, is because of unexpected occurrence or emergency issue, such as being sack from work, having accident, sickness, etc. Backup funds are security for your Bitcoin.

I don't disagree with what you are saying; however, it does seem that you skipped the most important consideration, which is investing within the boundaries of your discretionary income..., which also should mean that the discretionary income that you use is income that you don't need for 4-10 years or longer.. which means that it is also money that you are willing to completely lose in the event that bitcoin were to go down rather than UP.

Sure no one invests in bitcoin or in any other kind of an investment with an intention of losing money, yet part of the way of assuring an ability to stick with an investment through the ups and the downs is to use extra money that you don't need for expenses.

Well spoken because as an investor having the boundaries concerning there discretionary income is very important since is mostly the money they can put in for 5 to 10 years so is very important for someone to focus on that instead of putting more than they can afford, though is very unfortunate that most people do not understand what the discretionary income is all about because most people have so much expectations from there discretionary income with the believe that it will yield them a huge profit within a short term, though I'm not saying that people should not expect profits but like you said it should be something that the investor should perceive on two dimensions either it turn out profiting them at the end or not because that alone will certainly build the persons mindset to accept any outcome without being too much emotional.