Road to 100k?

[Mr.right85]

Exactly, you have made interesting points. The 100k speculation is very achievable even this year, some people are only belittling the power of volatility of course yes it can be drastic and Bitcoin wll soar to a height beyond expectations, but yeah it will be very good and reasonable

The skepticism people exercise when it comes to Bitcoin at $100k isn’t a belittling act from investors. A lot is being put into consideration most especially, the market and the history of bullruns kicking in after the halving.

If you take a good look at the charts, you’ll find this bullruns happening mostly after 6months and am using that for a baseline. We haven’t come close to that yet even though the ATH that preceded the halving have been broken.

enough to focus more on maximizing the market opportunities if we actually consider what we believe to have possibilities which is more better than prioritizing seeing Bitcoin hitting 100k without preparing for it by consistently buying more Bitcoin in our bag, the probability is the same.

Like you’ve said, no active buys as a preparatory phase can’t really translate to a price pump because, this are the conditions for scarcity. Active buys stresses on demand and that is reflected in the price.

[Odohu]

The thead was started in March and it’s been almost 6 months but bitcoin still trading between 50,000 USD to 60,000 USD so to cross 100k USD milestone for btc seems difficult in this year because the world is facing economic crisis. May be in next year this milestone will achieve by bitcoin!

I understand the market condition have made so many people to doubt the $100k target but I will not conclude that it will not happen again because bitcoin is a volatile assets that can surprise everyone if it really want to move. If there is a positive news that supports a bullish momentum, don't be surprise if bitcoin take just few weeks to reach the $100k target.

However, it is not always about bitcoin reaching $100k that should matter to us but what we are doing now and what will will achieve when price reaches that target. Are we making good use of the opportunity that is available in the market? This are more important things that should be our concern more than seeing bitcoin at $100k because this price will always be achieved in a matter of time.

You have made a very important point in your second paragraph and that I agree with too because I feel bad seeing people frustrated as Bitcoin price has not reached 100k yet. Such display of emotions are not necessary because they make us forget the main focus which is to own Bitcoin for the longest possible times. The 100k price we envisaged should just be for fun and a way of motivation that Bitcoin have hit six figures. It's not supposed to be a source of frustration as if we plan to sell off at that point because the goal for me is to HODL and pass most of it to the next generation.

Therefore we should not relent in collecting Bitcoin now that we can get it at lower prices. There are several things that can make Bitcoin go astronomical so it would be bad if that happened and we are not well positioned to enjoy the ride after having the opportunity and privilege of knowing Bitcoin early.

Personally, I feel happy for the market behaviour this year because I'm really taking advantage of the opportunities offered by the market. I know a lot of people also doing same while fantasising about Bitcoin reaching 100k.

[laijsica]

The thead was started in March and it’s been almost 6 months but bitcoin still trading between 50,000 USD to 60,000 USD so to cross 100k USD milestone for btc seems difficult in this year because the world is facing economic crisis. May be in next year this milestone will achieve by bitcoin!

You may right in your prediction. In this concern I think if something is easily achieved we often fail to appreciate it. When Bitcoin was in a long run between 25k and 29k a few months ago, there was an expectation that the market would do well if it rose to $40k. There was a bit of delay but Bitcoin crossed $40k and quickly crossed the previous all time high which didn't take much time. It was hard to imagine that Bitcoin would reach that stage so quickly. But we have been expecting Bitcoin $100k for a long time. But getting to $100K of Bitcoin won't be easy. I don't know if it will happen this year, but maybe a big bullish trend will start after the next election. But we can be sure that the longer it takes for Bitcoin to hit $100k, It will be more stronger.

We don't know when the Bitcoin market will touch $100k dollars but we can only predict that it will reach this mark in the future. As per your example I would like to say that when bitcoin price was under $30k dollars no one could have imagined that bitcoin price would rise so high and even touch all time highs (ATH) But that was made possible by the rise in the price of Bitcoin. For those who still think it is impossible for Bitcoin price to reach $100k dollars, it will be possible that's what many crypto analysts think.

Currently we are going through a dumping season in the market maybe from here the market will turn bullish again and Bitcoin will reach the target price that everyone is predicting. We have seen an upward trend in Bitcoin price after each dumping. Maybe a few weeks ago we saw the price of Bitcoin drop to around $50k from where the market rallied and crossed $60k again.

Bitcoin experiencing a dump which I think a normal phase in the market since its unrealistic if we always see a pump since that's not possible at all. Although those price dumps exist then people should look at it as opportunity since if they know how to adapt in those situation provably that they could potentially earn more money if they can acquire more balance from those past dumps happened. Right now it already cross at $60k again and this is good indication that bitcoin still doing good this year.

I tend to buy as much as I can when Bitcoin is dumping because I know its value will recover very quickly. Those who tend to increase their holdings should increase their buying at sinking prices as the price rise in the market can happen at any time. We should hold long-term holdings to avoid the risk of dragging down our portfolios with volatile assets that allow Bitcoin to continue to grow over time and potentially increase profits.
Yes it would not be advisable for a bitcoin investor to expect profit in the first instance he should tend to accumulate as much as he can because short term investment or trading or expectation of profit is likely to result in huge loss of profit. You structure your investment and continue to try to increase your holdings and tend to hold until the Bitcoin price hits $100k rather than waiting for a certain period.

[iBaba]

Exactly, you have made interesting points. The 100k speculation is very achievable even this year, some people are only belittling the power of volatility of course yes it can be drastic and Bitcoin wll soar to a height beyond expectations, but yeah it will be very good and reasonable
enough to focus more on maximizing the market opportunities if we actually consider what we believe to have possibilities which is more better than prioritizing seeing Bitcoin hitting 100k without preparing for it by consistently buying more Bitcoin in our bag, the probability is the same.

As optimistic as the words may be, I don't think attaining all time high of 100k speculation is 'very' achievable, however, it is likely achievable but it will be difficult to achieve that without a decline due to the volatility of the market. If the bitcoin eventually hits its all time high of 100k, there's going to be pull backs. I also didn't mention that there's a high possibility of it facing corrections too because it can experience the Fibonacci retracement and moving averages. This is why when following history, we can agree that while bitcoin have the fate and potential of hitting 100k, there are many indicators and indices that will play out to its effect.

[Hewlet]

Exactly, you have made interesting points. The 100k speculation is very achievable even this year, some people are only belittling the power of volatility of course yes it can be drastic and Bitcoin wll soar to a height beyond expectations, but yeah it will be very good and reasonable
enough to focus more on maximizing the market opportunities if we actually consider what we believe to have possibilities which is more better than prioritizing seeing Bitcoin hitting 100k without preparing for it by consistently buying more Bitcoin in our bag, the probability is the same.

As optimistic as the words may be, I don't think attaining all time high of 100k speculation is 'very' achievable, however, it is likely achievable but it will be difficult to achieve that without a decline due to the volatility of the market.

I expected that you should have at least given a timeframe while making your statement that $100k isn't achievable, it you had done that and assumed that within the month or year that it might not be attainable and goes on to back it with reasons for such conclusion, then it would have been an argument that's worth looking into but making a vague statement as this that $100k is unachievable is rather very ridiculous to see. The indices that gives a pointer to Bitcoin getting to $100k are obviously visible and have been playing out with regards to how resistive Bitcoin has shown itself in the midst of any slight correction. Bitcoin is volatile so I don't see volatility as a factor to be pointed at as the reason why Bitcoin wouldn't get to $100k. Even when it gets to $100k and surpasses it, volatility will still be very much a part of Bitcoin and we will continue to witness it effect on Bitcoin iether slightly or in a big way.

If the bitcoin eventually hits its all time high of 100k, there's going to be pull backs. I also didn't mention that there's a high possibility of it facing corrections too because it can experience the Fibonacci retracement and moving averages. This is why when following history, we can agree that while bitcoin have the fate and potential of hitting 100k, there are many indicators and indices that will play out to its effect.

though I find this last statement quite contradictory to your opening statement, it's still true that there are indicators that will determine the fate of Bitcoin getting to $100k within a short space of time which has been at the focal point of all the speculation that has been going on in this thread. Even though we can't completely conclude that past history will always determine what become of the present reality, what's currently happening and what is already expected to happen in the world politics and national level of adoption have shown better indication that Bitcoin getting to $100k is almost 💯 certain. Maybe it might get to it slower or faster than most persons anticipate but it doesn't stop it from happening. But like it's been said countless numbers of times, it's not just about waiting and anticipating Bitcoin to hit $100k that matters, it's more of buying and building a good portfolio before it even gets to that price that matters the most.

[barisbilgili]

As optimistic as the words may be, I don't think attaining all time high of 100k speculation is 'very' achievable, however, it is likely achievable but it will be difficult to achieve that without a decline due to the volatility of the market. If the bitcoin eventually hits its all time high of 100k, there's going to be pull backs. I also didn't mention that there's a high possibility of it facing corrections too because it can experience the Fibonacci retracement and moving averages. This is why when following history, we can agree that while bitcoin have the fate and potential of hitting 100k, there are many indicators and indices that will play out to its effect.

And I think we've seen that in the last few months, if we look at the chart after the halving a few months ago there were some significant moves that happened so I don't deny the belief that we will see a price of 100k in the near future
In just 4 months we will end this year and I believe during that period there will be many events or big moves that happen and that is based on the history of what happened in the past that is likely to happen again, I am quite optimistic about that.

[SuperBitMan]

The thead was started in March and it’s been almost 6 months but bitcoin still trading between 50,000 USD to 60,000 USD so to cross 100k USD milestone for btc seems difficult in this year because the world is facing economic crisis. May be in next year this milestone will achieve by bitcoin!

I understand the market condition have made so many people to doubt the $100k target but I will not conclude that it will not happen again because bitcoin is a volatile assets that can surprise everyone if it really want to move. If there is a positive news that supports a bullish momentum, don't be surprise if bitcoin take just few weeks to reach the $100k target.

However, it is not always about bitcoin reaching $100k
 that should matter to us but what we are doing now and what will will achieve when price reaches that target. Are we making good use of the opportunity that is available in the market? This are more important things that should be our concern more than seeing bitcoin at $100k because this price will always be achieved in a matter of time.

Exactly, you have made interesting points. The 100k speculation is very achievable even this year, some people are only belittling the power of volatility of course yes it can be drastic and Bitcoin wll soar to a height beyond expectations, but yeah it will be very good and reasonable
enough to focus more on maximizing the market opportunities if we actually consider what we believe to have possibilities which is more better than prioritizing seeing Bitcoin hitting 100k without preparing for it by consistently buying more Bitcoin in our bag, the probability is the same.

For me I don't see Bitcoin hitting $100 as a big deal anymore because is already close to hitting $100k, my concern now is accumulating as many Bitcoin as possible, and I don't know why some people are seeing Bitcoin hitting $100k as a big deal maybe because they don't know about Bitcoin and the history of it's growth.
Bitcoin will hit $100k anytime soon and those who were doubting will regret.
Is better to try than to sit and procrastinate, a lot of people are good at complaining and seeing the bad at everything thing even when it's clear that is a good thing.

[wmaurik]

For me I don't see Bitcoin hitting $100 as a big deal anymore because is already close to hitting $100k, my concern now is accumulating as many Bitcoin as possible, and I don't know why some people are seeing Bitcoin hitting $100k as a big deal maybe because they don't know about Bitcoin and the history of it's growth.
Bitcoin will hit $100k anytime soon and those who were doubting will regret.
Is better to try than to sit and procrastinate, a lot of people are good at complaining and seeing the bad at everything thing even when it's clear that is a good thing.

This topic is not talking about the price of $100 because that doesn't quite fit the topic title which is already clearly visible at its level, which is $100K. So of course you can distinguish it because the amount itself is very far and not the same, but there is something a little strange when you are a beginner saying that other people don't know about Bitcoin and its growth history. Even though almost on average people who often visit this topic have discussed more about Bitcoin and also the potential price that Bitcoin itself will achieve.

In addition, you also do not need to think about the regret of others who do not believe in the Bitcoin price level for the $100K measure if you yourself are very focused on collecting as much Bitcoin as possible for now. Because if you look at the current Bitcoin price, of course to get to the $100K level still takes a lot of time because that level is still not close enough to the current price level. So you just focus on your own work and do not need to assume that other people do not know about Bitcoin, let alone think about other people's regrets because they do not believe in the $100K price level that Bitcoin can achieve.

[JayJuanGee]

it's not just about waiting and anticipating Bitcoin to hit $100k that matters, it's more of buying and building a good portfolio before it even gets to that price that matters the most.

There are plenty of newbie bitcoin investors who are already accumulating bitcoin in the past recent years who are ONLY able to buy so much bitcoin per week, and so they will still be accumulating bitcoin once bitcoin reaches $100k and beyond.

There will also be plenty of brand new entrants to bitcoin who will be accumulating bitcoin at $100k and beyond, so there will be plenty of folks who had not been able to accumulate enough or close to enough bitcoin in the sub-$100k prices.

Perhaps thinking about accumulating as many BTC as you can in sub-$100k prices, but don't be deterred from ongoingly accumulating BTC whether BTC prices are even supra-$100k, especially if you are still in your BTC accumulation stages.

[Dailyscript]

it's not just about waiting and anticipating Bitcoin to hit $100k that matters, it's more of buying and building a good portfolio before it even gets to that price that matters the most.

There are plenty of newbie bitcoin investors who are already accumulating bitcoin in the past recent years who are ONLY able to buy so much bitcoin per week, and so they will still be accumulating bitcoin once bitcoin reaches $100k and beyond.

There will also be plenty of brand new entrants to bitcoin who will be accumulating bitcoin at $100k and beyond, so there will be plenty of folks who had not been able to accumulate enough or close to enough bitcoin in the sub-$100k prices.

Perhaps thinking about accumulating as many BTC as you can in sub-$100k prices, but don't be deterred from ongoingly accumulating BTC whether BTC prices are even supra-$100k, especially if you are still in your BTC accumulation stages.

This is interesting to talk about and what you have said so far is not far from the truth. However, it is important that we understand that the past performance of Bitcoin wont indicate the future results. The decision to continue buying Bitcoin even after accumulating a good amount is an investors choice. An investor may have buy at a cheaper price months ago and still choose to buy more in the next two years without minding the price difference. To some investors there might be need for diversification based on an asset that might be a lot cheaper to buy back them or with potential like Bitcoin and it may be the choice of those investor. Am clear that the thirst for buying more Bitcoin doesn't quenches it increases more as time goes by. 

[Ndabagi01]

Maybe it might get to it slower or faster than most persons anticipate but it doesn't stop it from happening. But like it's been said countless numbers of times, it's not just about waiting and anticipating Bitcoin to hit $100k that matters, it's more of buying and building a good portfolio before it even gets to that price that matters the most.

One thing is certain about bitcoin, when a lot of people are preparing now to buy bitcoin at this price before it gets to $100K, that 100K may be the starting point of accumulation of others. Some users may see the opportunity now but because they don’t have the financial resources to put into it, they may miss buying more bitcoin now and can only get to buy more when the price have gone high. Some may just get to know about bitcoin, show interest in it at that time and start their accumulation at that time and will still be hoping bitcoin goes to $200K before they’ll think of selling them.

Bitcoin accumulation has now become more like a trend and with its unending demand, it may continue to move in the upward direction and breaking all time high after every cycle. The DCA strategy is good and very easy to start and as much as good as it is, some people may not still be able to buy now until the price is up than this and those financial status changes that they can spare some money to start accumulation. Opportunities in bitcoin is showing to be infinite because of how it has transgress from inception till now, so starting now or starting later without inconveniencing yourself is still okay.

[JayJuanGee]

Maybe it might get to it slower or faster than most persons anticipate but it doesn't stop it from happening. But like it's been said countless numbers of times, it's not just about waiting and anticipating Bitcoin to hit $100k that matters, it's more of buying and building a good portfolio before it even gets to that price that matters the most.

One thing is certain about bitcoin, when a lot of people are preparing now to buy bitcoin at this price before it gets to $100K, that 100K may be the starting point of accumulation of others. Some users may see the opportunity now but because they don’t have the financial resources to put into it, they may miss buying more bitcoin now and can only get to buy more when the price have gone high. Some may just get to know about bitcoin, show interest in it at that time and start their accumulation at that time and will still be hoping bitcoin goes to $200K before they’ll think of selling them.

Bitcoin accumulation has now become more like a trend and with its unending demand, it may continue to move in the upward direction and breaking all time high after every cycle. The DCA strategy is good and very easy to start and as much as good as it is, some people may not still be able to buy now until the price is up than this and those financial status changes that they can spare some money to start accumulation. Opportunities in bitcoin is showing to be infinite because of how it has transgress from inception till now, so starting now or starting later without inconveniencing yourself is still okay.

I don't see any reason to put any kind of a price in which a person might buy or sell bitcoin, since there should be quite bit of uncertainty regarding bitcoin's growth in the next 20-30 years or more, and some investors are likely coming to bitcoin young, and yeah there are also older investors too, so that is part of the reason that many of us suggest at least a 4 year investment timeline, but that 4-year minimum timeline might be more for the older investor, since a young person might spend 4-10 years  or longer just accumulating bitcoin before potentially getting to an BTC accumulation stage in his investment where he might start to consider if he might transition into some other kind of a stage, which well might be maintenance and holding prior to transitioning into a stage that selling might start to become start of the practice.

So it seems a bit short sighted to just proclaim that sales will start to take place in the $200ks when there might hardly be any clue in regards to how many coins might have had been accumulated, and even if selling is a good idea, at least not selling in large amounts but maybe sustainable price based and/or even time-based selling strategies might be more reasonably within contemplations but even contemplating selling might not be in order to get out of bitcoin, since who is going to want to spend 4-10 years or longer building up his bitcoin holdings and then potentially end up in some inferior investments or some inferior consumption good... when there could be ways to consume and/or to invest into other things without making any large sales of bitcoin holdings...so yeah, each person has to decide the contents of his investment portfolio, including if bitcoin is in there and also including ways to have cashflows that may or may not end up coming from the bitcoin holdings.

[Cryptoprincess101]

it's not just about waiting and anticipating Bitcoin to hit $100k that matters, it's more of buying and building a good portfolio before it even gets to that price that matters the most.

There are plenty of newbie bitcoin investors who are already accumulating bitcoin in the past recent years who are ONLY able to buy so much bitcoin per week, and so they will still be accumulating bitcoin once bitcoin reaches $100k and beyond.

There will also be plenty of brand new entrants to bitcoin who will be accumulating bitcoin at $100k and beyond, so there will be plenty of folks who had not been able to accumulate enough or close to enough bitcoin in the sub-$100k prices.

Perhaps thinking about accumulating as many BTC as you can in sub-$100k prices, but don't be deterred from ongoingly accumulating BTC whether BTC prices are even supra-$100k, especially if you are still in your BTC accumulation stages.

Definitely, new investors will keep entering at any price at all because it may be at that particular time they got the got the confidence to invest because there are a lot of people that is still being doubtful about the price of Bitcoin like they are scared if the price of Bitcoin can still skyrocket again more especially now that the price hasn't had much increase in price so some people will be monitoring the activities of Bitcoin price so when it eventually increases or reaches a new ATH, they will want to come in at that time with the beliefs that it will keep skyrocketing but it will be lack of experience for someone to monitor the price of Bitcoin before they invest.
        Newbies will continue to come in to invest at any price point maybe that was the time they got the conviction to invest so it's no big deal, the most important thing is too accumulate as much as they can whenever they find it convenient to invest whether it reaches $100k or not. Majority of people are still in the accumulating stages of their investment so even when the price hits $100k there will still be accumulators.

[Frankolala]

it's not just about waiting and anticipating Bitcoin to hit $100k that matters, it's more of buying and building a good portfolio before it even gets to that price that matters the most.

There are plenty of newbie bitcoin investors who are already accumulating bitcoin in the past recent years who are ONLY able to buy so much bitcoin per week, and so they will still be accumulating bitcoin once bitcoin reaches $100k and beyond.

There will also be plenty of brand new entrants to bitcoin who will be accumulating bitcoin at $100k and beyond, so there will be plenty of folks who had not been able to accumulate enough or close to enough bitcoin in the sub-$100k prices.

Perhaps thinking about accumulating as many BTC as you can in sub-$100k prices, but don't be deterred from ongoingly accumulating BTC whether BTC prices are even supra-$100k, especially if you are still in your BTC accumulation stages.

Definitely, new investors will keep entering at any price at all because it may be at that particular time they got the got the confidence to invest because there are a lot of people that is still being doubtful about the price of Bitcoin like they are scared if the price of Bitcoin can still skyrocket again more especially now that the price hasn't had much increase in price so some people will be monitoring the activities of Bitcoin price so when it eventually increases or reaches a new ATH, they will want to come in at that time with the beliefs that it will keep skyrocketing but it will be lack of experience for someone to monitor the price of Bitcoin before they invest.
        Newbies will continue to come in to invest at any price point maybe that was the time they got the conviction to invest so it's no big deal, the most important thing is too accumulate as much as they can whenever they find it convenient to invest whether it reaches $100k or not. Majority of people are still in the accumulating stages of their investment so even when the price hits $100k there will still be accumulators.

As long as bitcoin network is still working new investors will always buy bitcoin at different prices in future and even old investors because bitcoin is a commodity. As the years loss passes on so will be price of bitcoin increase which is why it is better that we use the opportunity that we have now to keep on accumulating bitcoin so that when the price will be higher in future, we will not be worried but happy because we have accumulated a good size of bitcoin in our portfolio.

Early investors who bought bitcoin very cheap at the price range of $400-$1000 did not know that bitcoin will reach this price so quick and they are happy that they bought a good number of bitcoin early. But for those who thought that investing in bitcoin was a waste of time and that bitcoin who crash did not invest at that time, will be investing now in regrets because they missed the opportunity that bitcoin presented to them.

This is how it will still keep on repeating itself for people who have the money now but don't want to use the time to invest in bitcoin and grow their bitcoin investment overtime in order to reach their bitcoin target. If bitcoin prices reaches $500k, that is when some people sleeping now will want to start investing. Let bitcoin price not discourage you from investing in bitcoin now if you know that you love to invest in bitcoin as an asset because you will invest later when the price will be higher than this.

100k is just a figure and I know that a lot of us will still go on with our regular DCA when the price is above 100k because I am still accumulating and will love to reach my bitcoin target no matter the years it will take amd the price at which bitcoin will be because I am planning to use my bitcoin investment as my pension. No matter how expensive an asset is, there are people who will still be buying.

[Bloodseekers]

There are plenty of newbie bitcoin investors who are already accumulating bitcoin in the past recent years who are ONLY able to buy so much bitcoin per week, and so they will still be accumulating bitcoin once bitcoin reaches $100k and beyond.

There will also be plenty of brand new entrants to bitcoin who will be accumulating bitcoin at $100k and beyond, so there will be plenty of folks who had not been able to accumulate enough or close to enough bitcoin in the sub-$100k prices.

Perhaps thinking about accumulating as many BTC as you can in sub-$100k prices, but don't be deterred from ongoingly accumulating BTC whether BTC prices are even supra-$100k, especially if you are still in your BTC accumulation stages.

This is interesting to talk about and what you have said so far is not far from the truth. However, it is important that we understand that the past performance of Bitcoin wont indicate the future results. The decision to continue buying Bitcoin even after accumulating a good amount is an investors choice. An investor may have buy at a cheaper price months ago and still choose to buy more in the next two years without minding the price difference. To some investors there might be need for diversification based on an asset that might be a lot cheaper to buy back them or with potential like Bitcoin and it may be the choice of those investor. Am clear that the thirst for buying more Bitcoin doesn't quenches it increases more as time goes by. 

It is true that Bitcoin's past performance will not indicate future results, but we can all see that so far Bitcoin's development has shown that the asset is very good to be used as an investment for the future and everyone who has collected a number of these assets will of course continue to collect according to their abilities and it is true as you said they never mind the price because they choose to maintain it in the long term to be able to achieve future profit targets and to be able to realize our dreams in the future, we must continue to collect these assets consistently.

[sotelorene]

There are plenty of newbie bitcoin investors who are already accumulating bitcoin in the past recent years who are ONLY able to buy so much bitcoin per week, and so they will still be accumulating bitcoin once bitcoin reaches $100k and beyond.

There will also be plenty of brand new entrants to bitcoin who will be accumulating bitcoin at $100k and beyond, so there will be plenty of folks who had not been able to accumulate enough or close to enough bitcoin in the sub-$100k prices.

Perhaps thinking about accumulating as many BTC as you can in sub-$100k prices, but don't be deterred from ongoingly accumulating BTC whether BTC prices are even supra-$100k, especially if you are still in your BTC accumulation stages.

This is interesting to talk about and what you have said so far is not far from the truth. However, it is important that we understand that the past performance of Bitcoin wont indicate the future results. The decision to continue buying Bitcoin even after accumulating a good amount is an investors choice. An investor may have buy at a cheaper price months ago and still choose to buy more in the next two years without minding the price difference. To some investors there might be need for diversification based on an asset that might be a lot cheaper to buy back them or with potential like Bitcoin and it may be the choice of those investor. Am clear that the thirst for buying more Bitcoin doesn't quenches it increases more as time goes by. 

It is true that Bitcoin's past performance will not indicate future results, but we can all see that so far Bitcoin's development has shown that the asset is very good to be used as an investment for the future and everyone who has collected a number of these assets will of course continue to collect according to their abilities and it is true as you said they never mind the price because they choose to maintain it in the long term to be able to achieve future profit targets and to be able to realize our dreams in the future, we must continue to collect these assets consistently.

I disagree with your first row of statement because the said past performance of Bitcoin is the reason why some people are still making profit in Bitcoin most especially traders, they use the past performance of... Sometimes to carry out their analysis and also use it to device strategy perhaps the right statement to use should be that " some Bitcoin past performance can not indicate future result yeah" because some can not..., But you shouldn't generalized it because it's not true.

[DubemIfedigbo001]

The thead was started in March and it’s been almost 6 months but bitcoin still trading between 50,000 USD to 60,000 USD so to cross 100k USD milestone for btc seems difficult in this year because the world is facing economic crisis. May be in next year this milestone will achieve by bitcoin!

I understand the market condition have made so many people to doubt the $100k target but I will not conclude that it will not happen again because bitcoin is a volatile assets that can surprise everyone if it really want to move. If there is a positive news that supports a bullish momentum, don't be surprise if bitcoin take just few weeks to reach the $100k target.

However, it is not always about bitcoin reaching $100k that should matter to us but what we are doing now and what will will achieve when price reaches that target. Are we making good use of the opportunity that is available in the market? This are more important things that should be our concern more than seeing bitcoin at $100k because this price will always be achieved in a matter of time.

Therefore we should not relent in collecting Bitcoin now that we can get it at lower prices. There are several things that can make Bitcoin go astronomical so it would be bad if that happened and we are not well positioned to enjoy the ride after having the opportunity and privilege of knowing Bitcoin early.

I once told my friend that I am happy that the bull run is yet to commence and I pray it takes a while longer before it finally arrives and he got mad at me for wishing us bad luck as he said, but he was not seeing things in my own view. Now my reason is very simple that I have not accumulated my target quantity before bullrun and I'm not assured on getting the target quantity for the year if the bull run starts early since when the price is higher we tend to buy lesser quantities for higher amounts, hence my wish for it to be delayed a bit and it seems things are playing out in my favour.

Our main target is portfolio increase right? and not pricing, so it's left for us to continue increasing our portfolio with the seemingly low prices we see today as we are not promised of good prices like these during or after the bull run. It would really take me until the end of the year to accumulate my targeted quantity if the prices does not surge above $70k in my calculations, so I have been wishing and believing that the bull run should calm down until beginning of next year, forgive me for being selfish . we always wish for favorable conditions right?.

[ultrloa]

There are plenty of newbie bitcoin investors who are already accumulating bitcoin in the past recent years who are ONLY able to buy so much bitcoin per week, and so they will still be accumulating bitcoin once bitcoin reaches $100k and beyond.

There will also be plenty of brand new entrants to bitcoin who will be accumulating bitcoin at $100k and beyond, so there will be plenty of folks who had not been able to accumulate enough or close to enough bitcoin in the sub-$100k prices.

Perhaps thinking about accumulating as many BTC as you can in sub-$100k prices, but don't be deterred from ongoingly accumulating BTC whether BTC prices are even supra-$100k, especially if you are still in your BTC accumulation stages.

This is interesting to talk about and what you have said so far is not far from the truth. However, it is important that we understand that the past performance of Bitcoin wont indicate the future results. The decision to continue buying Bitcoin even after accumulating a good amount is an investors choice. An investor may have buy at a cheaper price months ago and still choose to buy more in the next two years without minding the price difference. To some investors there might be need for diversification based on an asset that might be a lot cheaper to buy back them or with potential like Bitcoin and it may be the choice of those investor. Am clear that the thirst for buying more Bitcoin doesn't quenches it increases more as time goes by. 

It is true that Bitcoin's past performance will not indicate future results, but we can all see that so far Bitcoin's development has shown that the asset is very good to be used as an investment for the future and everyone who has collected a number of these assets will of course continue to collect according to their abilities and it is true as you said they never mind the price because they choose to maintain it in the long term to be able to achieve future profit targets and to be able to realize our dreams in the future, we must continue to collect these assets consistently.

I disagree with your first row of statement because the said past performance of Bitcoin is the reason why some people are still making profit in Bitcoin most especially traders, they use the past performance of... Sometimes to carry out their analysis and also use it to device strategy perhaps the right statement to use should be that " some Bitcoin past performance can not indicate future result yeah" because some can not..., But you shouldn't generalized it because it's not true.

Maybe they are gaining profits from current performance by bitcoin but the question is are they sustainable? There's no guarantee on everything they do on trading so if you think they are doing good then maybe try to see their stats first. Although they are gaining but it doesn't give them any guarantee for consistent gains. But actually we can look at the past performance of bitcoin then make it as basis on our future action. There are lots of learnings to get there. Just don't stick your self on present actions since everything is good to consider if we think about investing on bitcoin.

Also it seems like you are still impressed about gains from trading, but for sure in future you provably realize that there are more better than that and its better to avoid or get out for trying your luck to gain something on any unknown matter brought by the risk brought by trading.

[Marvelockg]

There are plenty of newbie bitcoin investors who are already accumulating bitcoin in the past recent years who are ONLY able to buy so much bitcoin per week, and so they will still be accumulating bitcoin once bitcoin reaches $100k and beyond.

There will also be plenty of brand new entrants to bitcoin who will be accumulating bitcoin at $100k and beyond, so there will be plenty of folks who had not been able to accumulate enough or close to enough bitcoin in the sub-$100k prices.

Perhaps thinking about accumulating as many BTC as you can in sub-$100k prices, but don't be deterred from ongoingly accumulating BTC whether BTC prices are even supra-$100k, especially if you are still in your BTC accumulation stages.

This is interesting to talk about and what you have said so far is not far from the truth. However, it is important that we understand that the past performance of Bitcoin wont indicate the future results. The decision to continue buying Bitcoin even after accumulating a good amount is an investors choice. An investor may have buy at a cheaper price months ago and still choose to buy more in the next two years without minding the price difference. To some investors there might be need for diversification based on an asset that might be a lot cheaper to buy back them or with potential like Bitcoin and it may be the choice of those investor. Am clear that the thirst for buying more Bitcoin doesn't quenches it increases more as time goes by.  

It is true that Bitcoin's past performance will not indicate future results, but we can all see that so far Bitcoin's development has shown that the asset is very good to be used as an investment for the future and everyone who has collected a number of these assets will of course continue to collect according to their abilities and it is true as you said they never mind the price because they choose to maintain it in the long term to be able to achieve future profit targets and to be able to realize our dreams in the future, we must continue to collect these assets consistently.

I disagree with your first row of statement because the said past performance of Bitcoin is the reason why some people are still making profit in Bitcoin most especially traders, they use the past performance of... Sometimes to carry out their analysis and also use it to device strategy perhaps the right statement to use should be that " some Bitcoin past performance can not indicate future result yeah" because some can not..., But you shouldn't generalized it because it's not true.

Maybe they are gaining profits from current performance by bitcoin but the question is are they sustainable? There's no guarantee on everything they do on trading so if you think they are doing good then maybe try to see their stats first. Although they are gaining but it doesn't give them any guarantee for consistent gains. But actually we can look at the past performance of bitcoin then make it as basis on our future action. There are lots of learnings to get there. Just don't stick your self on present actions since everything is good to consider if we think about investing on bitcoin.

Also it seems like you are still impressed about gains from trading, but for sure in future you provably realize that there are more better than that and its better to avoid or get out for trying your luck to gain something on any unknown matter brought by the risk brought by trading.

it seems to me that rather than understandijg the reason for the point @sotelorene is making you're attempting to emphasize more on his usage of the word "Trading" in underscoring his point. Even though we've already established a fact that for a serious investor, trading is not the best strategy to building a good portfolio it doesn't mean one can't mention trading in his statement to at least better point out what he's trying to say. The question is, do traders make use of past event to predict thier trade? The answer is yes and does it work out as predicted? The answer is that it happens at some point and don't happen at other point. It's because of what has always happened in the past after the halving that people always anticipate a bull immediately the halving has happened.

I know that as an investor you shouldn't fucose too much on past performance alone as what determines your investment approach let alone gambling with your funds through Trading but having an idea of it is not also out of place.

[Miles2006]

There are plenty of newbie bitcoin investors who are already accumulating bitcoin in the past recent years who are ONLY able to buy so much bitcoin per week, and so they will still be accumulating bitcoin once bitcoin reaches $100k and beyond.

There will also be plenty of brand new entrants to bitcoin who will be accumulating bitcoin at $100k and beyond, so there will be plenty of folks who had not been able to accumulate enough or close to enough bitcoin in the sub-$100k prices.

Perhaps thinking about accumulating as many BTC as you can in sub-$100k prices, but don't be deterred from ongoingly accumulating BTC whether BTC prices are even supra-$100k, especially if you are still in your BTC accumulation stages.

This is interesting to talk about and what you have said so far is not far from the truth. However, it is important that we understand that the past performance of Bitcoin wont indicate the future results. The decision to continue buying Bitcoin even after accumulating a good amount is an investors choice. An investor may have buy at a cheaper price months ago and still choose to buy more in the next two years without minding the price difference. To some investors there might be need for diversification based on an asset that might be a lot cheaper to buy back them or with potential like Bitcoin and it may be the choice of those investor. Am clear that the thirst for buying more Bitcoin doesn't quenches it increases more as time goes by.  

It is true that Bitcoin's past performance will not indicate future results, but we can all see that so far Bitcoin's development has shown that the asset is very good to be used as an investment for the future and everyone who has collected a number of these assets will of course continue to collect according to their abilities and it is true as you said they never mind the price because they choose to maintain it in the long term to be able to achieve future profit targets and to be able to realize our dreams in the future, we must continue to collect these assets consistently.

I disagree with your first row of statement because the said past performance of Bitcoin is the reason why some people are still making profit in Bitcoin most especially traders, they use the past performance of... Sometimes to carry out their analysis and also use it to device strategy perhaps the right statement to use should be that " some Bitcoin past performance can not indicate future result yeah" because some can not..., But you shouldn't generalized it because it's not true.

Maybe they are gaining profits from current performance by bitcoin but the question is are they sustainable? There's no guarantee on everything they do on trading so if you think they are doing good then maybe try to see their stats first. Although they are gaining but it doesn't give them any guarantee for consistent gains. But actually we can look at the past performance of bitcoin then make it as basis on our future action. There are lots of learnings to get there. Just don't stick your self on present actions since everything is good to consider if we think about investing on bitcoin.

Also it seems like you are still impressed about gains from trading, but for sure in future you provably realize that there are more better than that and its better to avoid or get out for trying your luck to gain something on any unknown matter brought by the risk brought by trading.

it seems to me that rather than understandijg the reason for the point @sotelorene is making you're attempting to emphasize more on his usage of the word "Trading" in underscoring his point. Even though we've already established a fact that for a serious investor, trading is not the best strategy to building a good portfolio it doesn't mean one can't mention trading in his statement to at least better point out what he's trying to say. The question is, do traders make use of past event to predict thier trade? The answer is yes and does it work out as predicted? The answer is that it happens at some point and don't happen at other point. It's because of what has always happened in the past after the halving that people always anticipate a bull immediately the halving has happened.

I know that as an investor you shouldn't fucose too much on past performance alone as what determines your investment approach let alone gambling with your funds through Trading but having an idea of it is not also out of place.

In as much as this thread focus more on bitcoin price and investing it’s still right we maintain the discussion here, using different words to back up an opinion is actually perfect for clearer understanding. If anyone should mention past performance in terms of keeping their investment going is common tho but, the honest truth is past performance can’t predict rightly, if anyone should start depending fully on past performance I believe it’s not healthy for their portfolio or rather why not invest using any suitable strategy of your choice and wait patiently for what’s next, it doesn’t necessarily mean bitcoin will repeat same record always IMO. If we should include traders who make use of past performance we should note trading is totally different from investing so why make comparison, secondly having an idea of different past performance is not thesame as using past performance to determine an investment growth.