Road to 100k?

[Frankolala]

By that, I would have known the best place to regularly buy it when it dips and the regular place I would liquidate it when it reaches certain highs to repurchase at certain lower levels again. If such has been done since the beginning of this year I wonder how much the investor would have realized already. However, if Bitcoin can get lower to about $15,000-$20,000 again, HODLing is still good for it because the level is lower enough to give you a rest of mind and still earn well for you over time.

No one can predict the market to know when the dip will come or when the price will pump amd this is where traders run at loss. It is easy said than done because you might buy and sell with little profit and never see the price that you bought again if bitcoin price keeps pumping. What will you then do with the cash on you, miss out good profits in future.

Again, if Bitcoin dips very well like that, I see it as pointless DCAing, and I would commit all my money to it at once in such a situation. This is to hint that DCA is smart in some market conditions but not when the market is already very cheap, what do you intend to lose in that situation?

The truth is that nobody knows the bottom line of the dip, you might see a dip amd rush into buying with all your money and the price goes dip below what you bought making it a problem for you because you will lb be worried, especially if the price stays down for some time. This is why DCA method is good because it gives you the opportunity to buy bitcoin at the bottom line of the dip that peopled who feels buying at the dip is the best might not be opportune to buy at that low price. New investors don't need focus on the dip but focus on building an d growing their bitcoin investment with regular DCA buying always for a very long time.

[sotelorene]

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 are all expecting this to happen but seeing the reality ? better accept it that we are not getting what we are expecting this year alone .

The earlier we understand that Bitcoin doesn't move according to our thought or how we expect it to... The better for us and this is why most people loss money by trading it when they knew that Bitcoin is very hard to predict. I know most persons are still surprise why Bitcoin price hasn't surpass $80k till now and this will make a lot of people to be on pressure, discourage and start developing some doubt about Bitcoin possibilities of taking an uptrend. Whether Bitcoin crosses $80k this year or not I don't care, my concern is to increase my portfolio before that time comes because if I should look at the current condition of the market I maybe discouraged and I can't subscribe to that, I hope everyone focuses on how to increase their portfolio and stop emphasizing about Bitcoin reaching $100k as that can distract some newbie.

[Ndabagi01]

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 are all expecting this to happen but seeing the reality ? better accept it that we are not getting what we are expecting this year alone .

The earlier we understand that Bitcoin doesn't move according to our thought or how we expect it to... The better for us and this is why most people loss money by trading it when they knew that Bitcoin is very hard to predict. I know most persons are still surprise why Bitcoin price hasn't surpass $80k till now and this will make a lot of people to be on pressure, discourage and start developing some doubt about Bitcoin possibilities of taking an uptrend. Whether Bitcoin crosses $80k this year or not I don't care, my concern is to increase my portfolio before that time comes because if I should look at the current condition of the market I maybe discouraged and I can't subscribe to that, I hope everyone focuses on how to increase their portfolio and stop emphasizing about Bitcoin reaching $100k as that can distract some newbie.

Bitcoin getting to $100K is still a speculation to me and will continue to be until it gets to that price. It may be this year or next year, no one can tell for sure when it’s going to happen. This should not make an investor lost interest in the market anymore. Some investors are always looking for how long will they invest to get their profit, but for bitcoin investment, no one can actually predict the market and all predictions that ever came to pass where all speculations initially. The bitcoin market is such that allows you to maximize your investment plans and allow you to invest in different intervals to make you get the best shares out of the market. Bitcoin is a good example of an asset that requires you to have little or more knowledge of the market before you can begin an investment in it.

[avp2306]

What I think wrong for waiting for dip is people who use DCA method since this will delay their accumulation and they might commit wrong decision if they always thought about wait for a dip is best for them to do.

I don't think it's wrong for people who practice DCA to wait and buy the dip because that is also one of the buying strategy of a good bitcoin investor/HODLer. And also it will not affect their accumulation process since they have reserved fund to be able to buy weekly or monthly DCA, and buying the dip also. Though some people may prefer only the DCA while some will buy on each dip or lump sum as a single strategy, but the best strategy is Combining the 3 strategy. That will help you to accumulate a sizable amount and you will not miss any bit of the accumulation process. Emagine when you buy bitcoin when it dips, buy on weekly basis and buying at once through lum sum when you have an extra income aside  your discretion. Don't you think it's surely a nice investment strategy?

I don't think so, if you want to invest for long term then do DCA then why wait for the dip? you can act know and start to accumulate. Since waiting for dip is actually no sense at all especially if you are for long term. I maybe understand a little bit if you are for lump sump strategy but it truly depends on you. What's important is you didn't waste your time waiting for those unforeseen circumstances since it will just create disappointment and that could lead to create some bad decision especially if you face huge down trend since it make people fear to acquire. That's why they should stick on their plans and focus on strategy that they are using. Thinking other things will stir up everything and might lead to major collapsed of our investment.

Although I understand people saying they should wait for the dip since they want to earn money. But for the fact that market is volatile then we cannot determine the exact dip we are waiting for. But overall it really depend on what people prefer and how deep their understanding towards what they are going since this will determine if they are going to gain profit in future or they slip away and decide to sell early because they can't handle the pressure also can't execute well those things they say.

[betswift]

Any investor prefers this DCA method strategy, the most reliable key to success with DCA method. I started doing the DCA method. But I'm willing to hold this bitcoin for a long time if I don't face any danger. I will try my best to hold it for a long time.

Good luck on this journey! I am sure you will be pleased with the results

[Hewlet]

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 are all expecting this to happen but seeing the reality ? better accept it that we are not getting what we are expecting this year alone .

The earlier we understand that Bitcoin doesn't move according to our thought or how we expect it to... The better for us and this is why most people loss money by trading it when they knew that Bitcoin is very hard to predict. I know most persons are still surprise why Bitcoin price hasn't surpass $80k till now and this will make a lot of people to be on pressure, discourage and start developing some doubt about Bitcoin possibilities of taking an uptrend.

even though mere thoughts or expectations don't affect Bitcoin price, speculation that's fact based could end up coming out as you've projected. That you're in the Bitcoin ecosystem and understands what's going on with the buys and sells and all the other stories that's making the headline that has a potential effect on Bitcoin price, you will certainly get bullish at some point and have a clue on the fact that Bitcoin is about to get to $100k in certain range of time but I hate to do a time based speculation that tend to suggest that I'm somehow aware of what Bitcoin price will be at the end of the month or the year which could give me a false hope.

I prefer to know that Bitcoin will get to $100k and above iether this year or the next based certain already established fact and reasonable indices and that knowledge gears me up make the best out of every opportunity I have to buy below those projected prices.

Whether Bitcoin crosses $80k this year or not I don't care, my concern is to increase my portfolio before that time comes because if I should look at the current condition of the market I maybe discouraged and I can't subscribe to that.

there is nothing discouraging about the current condition of the market. Regardless of the time you started buying Bitcoin, by the current condition of the market, you're never at any reason loss. If you've been doing your DCA and even bought up to the last ATH, down to this point, the difference in the last ATH and the time you've bought below this current price will still balance things up and you're certain that you're not at any loss at all. It's just the anticipation of a post having bull that's making a lot of people become too expectant of a huge profit if not, we've been on a upward trend for a while now with these corrections that's happening too minimal to allow it discourage you.

[Barikui1]

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 are all expecting this to happen but seeing the reality ? better accept it that we are not getting what we are expecting this year alone .

The earlier we understand that Bitcoin doesn't move according to our thought or how we expect it to... The better for us and this is why most people loss money by trading it when they knew that Bitcoin is very hard to predict. I know most persons are still surprise why Bitcoin price hasn't surpass $80k till now and this will make a lot of people to be on pressure, discourage and start developing some doubt about Bitcoin possibilities of taking an uptrend. Whether Bitcoin crosses $80k this year or not I don't care, my concern is to increase my portfolio before that time comes because if I should look at the current condition of the market I maybe discouraged and I can't subscribe to that, I hope everyone focuses on how to increase their portfolio and stop emphasizing about Bitcoin reaching $100k as that can distract some newbie.

That's just it bro, the way Bitcoin is structured, it's more beneficial for long term investor, so getting worked up due to the price of Bitcoin hasn't gotten to 100k isn't ideal to me, I believe that increasing the stash of Bitcoin in our possession is actually the right thing to do now, because since we are all long-term investors, and due to the high potential of Bitcoin doing  up to 10x to 20x in the future it's best we seize this buying opportunity now and stop getting worried or concern on when the price of Bitcoin is going to hit 100k, or are you guys a short term investor? That just want to sell once the value of Bitcoin hit 100k?

So I want to ask most of this investors that are clamouring for the value of Bitcoin to hit 100k, do you guys think that 100k is the peak price of Bitcoin? Or you feels like if Bitcoin hit 100k you have actually made a fortune? Sincerely speaking, if you guys think that way, then it's very obvious that you guys are short sighted, because Bitcoin has the potential of going up to 1million dollar in like 10 to 20 years time from now, and if by then you already have a very good stash of Bitcoin in your possession at this current rate, then you have actually struck gold, that is real money not 100k.

[wmaurik]

Any investor prefers this DCA method strategy, the most reliable key to success with DCA method. I started doing the DCA method. But I'm willing to hold this bitcoin for a long time if I don't face any danger. I will try my best to hold it for a long time.

The steps you take are actually very good, especially if they are accompanied by your own strong desire for a long time and I think there will be no danger that will lurk anyone who has held Bitcoin for a long time. So you can continue these steps so diligently and also so routinely for a better goal because there are many investors who have felt good results from their hard work in running DCA for a long time.

Good luck on this journey! I am sure you will be pleased with the results

Good results will always be liked by people who want or have carried out their plans because that is part of the ultimate goal that Bitcoin holders want to achieve so far and it has also been done by many investors at this time. And you yourself can also try this method in your life as long as you have the ability and it does not interfere with your current work.

[EarnOnVictor]

By that, I would have known the best place to regularly buy it when it dips and the regular place I would liquidate it when it reaches certain highs to repurchase at certain lower levels again. If such has been done since the beginning of this year I wonder how much the investor would have realized already. However, if Bitcoin can get lower to about $15,000-$20,000 again, HODLing is still good for it because the level is lower enough to give you a rest of mind and still earn well for you over time.

No one can predict the market to know when the dip will come or when the price will pump amd this is where traders run at loss.

You talked like a typical newbie or perhaps you do not know how to express yourself correctly. Maybe you wanted to say that no one can know what the market would do perfectly, that would have had more meaning than what you expressed. In my years of experience, I know that there are seasoned traders/investors, some may even have up to 95% accuracy in certain months and use money and risk management to cover the lapses of the remaining shortcomings.

If you have not attained that level yet doesn't mean some people have not and your discouraging words will demotivate the intending traders/investors to train more. If truly no one knows at all when the market will buy or sell as you claimed, why are people calling it trading/investing? Is it not gambling since they are just betting on what they do not know? Where is the power of true analysis and speculation? Can you now tell me that trading/investing is indeed gambling? If you do, then it will be a waste of time even replying to you.

[Frankolala]

By that, I would have known the best place to regularly buy it when it dips and the regular place I would liquidate it when it reaches certain highs to repurchase at certain lower levels again. If such has been done since the beginning of this year I wonder how much the investor would have realized already. However, if Bitcoin can get lower to about $15,000-$20,000 again, HODLing is still good for it because the level is lower enough to give you a rest of mind and still earn well for you over time.

No one can predict the market to know when the dip will come or when the price will pump amd this is where traders run at loss.

You talked like a typical newbie or perhaps you do not know how to express yourself correctly. Maybe you wanted to say that no one can know what the market would do perfectly, that would have had more meaning than what you expressed. In my years of experience, I know that there are seasoned traders/investors, some may even have up to 95% accuracy in certain months and use money and risk management to cover the lapses of the remaining shortcomings.

If you have not attained that level yet doesn't mean some people have not and your discouraging words will demotivate the intending traders/investors to train more. If truly no one knows at all when the market will buy or sell as you claimed, why are people calling it trading/investing? Is it not gambling since they are just betting on what they do not know? Where is the power of true analysis and speculation? Can you now tell me that trading/investing is indeed gambling? If you do, then it will be a waste of time even replying to you.

It is impossible for investing in bitcoin to be called gambling because an investment is what you put in your time and resources to nurture and build it overtime so that it will grow to an extent that it starts generating profits for you, even if you are taking the profits bit by bit... It will still be increasing in value overtime. I joined this forum May 2022, and I started buying bitcoin with DCA from November, 2022 when bitcoin price was $18k. Imagine the amount of bitcoin I was able to acquire at that period of time at $18k+ have made 3x profit with the current price of bitcoin at $56k+.

Apart from that, I didn't stop my DCA but continued till date and my DCA is ongoing which I will continue for many years. With the little example that I gave from my experience, it has really proved to me that investing in bitcoin overtime is not gambling or waste of time.

Back to trading...this is similar to gambling and as risky as gambling because you are after quick profit and when wrong decisions are made you run at big loss. You might be making your little profit from trading but I am a bad trader and for that reason I prefer to buy and hodli for long because I am investing for future and I don't worry about what bitcoin price is whether dumping or pumping. Trading is gambling because majority of traders run at loss only few make profit from it. Majority of newbkes jump into trading in the beginning and jump out after a great loss.

[pawel7777]

Any investor prefers this DCA method strategy, the most reliable key to success with DCA method. I started doing the DCA method. But I'm willing to hold this bitcoin for a long time if I don't face any danger. I will try my best to hold it for a long time.

That's not true at all. While DCA strategy could be the most popular one due to its simplicity and being "newbie-friendly" (i.e. no knowledge of markets is necessary), most seasoned investors would prefer more active strategies, like "buying the dip", as they tend to yield higher returns (on average that is).
There are quite a few videos or articles on this subject already, here's one of them with a quick summary of DCA Vs. Buying the dip:
https://www.vectorvest.com/blog/swing-trading/dollar-cost-averaging-vs-buying-the-dip/

- If you are willing to sacrifice your potential returns and subject your portfolio to unnecessary downside for the sake of saving time and stress, dollar cost averaging is probably the right choice. It’s a simple “set it and forget it” strategy for those investing for retirement.
- If you want to maximize returns, protect your portfolio from losses during unfavorable periods, and be more active in choosing your investments/position sizes, buying the dip is the obvious choice. Sure, it takes more time and can be stressful/complex – but it’s worth it in the end. And, you can simplify the strategy, save time, and stress less with the right approach (more on that in a moment).

[Dailyscript]

The dip is only an advantage or an opportunity for an investor to make use of by accumulating enough Bitcoin so is not bad accumulating when it is dip where it is wrong is when an investor wait for the dip before accumulating.
The strategy you are using to accumulate is the DCA strategy for it helps you to accumulate Bitcoin consistently either weekly or monthly as long as your discretionary income is intact and hodl for long 4-10 years and above.

I like your advice about buying the dip but certainly not the specification of 4-10 years, we should be flexible about this and it depends on the investor's plan and the prevailing market condition. I don't see myself HODLing my position for too long if the market is not breaking its ATH for months and even years, I would rather plan a smarter Bitcoin investment by carefully studying its condition for a while and average what it would likely do afterwards.

By that, I would have known the best place to regularly buy it when it dips and the regular place I would liquidate it when it reaches certain highs to repurchase at certain lower levels again. If such has been done since the beginning of this year I wonder how much the investor would have realized already. However, if Bitcoin can get lower to about $15,000-$20,000 again, HODLing is still good for it because the level is lower enough to give you a rest of mind and still earn well for you over time.

Again, if Bitcoin dips very well like that, I see it as pointless DCAing, and I would commit all my money to it at once in such a situation. This is to hint that DCA is smart in some market conditions but not when the market is already very cheap, what do you intend to lose in that situation?

It's not a criterion to always buy the dips. What determines the best strategy for an investor to work with is his risk tolerance and investment horizon. If one has a complete decade to buy Bitcoin patiently through his salary and would not want to risk it on anything then he could adopt a strategy that works well with the period he sets and how less risky he wants his investment to be. When it comes to investment a beginner or an experienced investor might fall victim of the same loss so its best for one to have a well structured picture of how he wants his investment to go and stay committed to it.

Any pattern could be adopted in accumulation as long as it does not affect you risking what you have accumulated so far or hindering you from reaching your target at the appointed time. If you buying for 20k weekly and you have enough funds to buy the dip or lump sum then it is not a bad idea. The truth is what would give you the profit you want is by how much you have invested. The higher the investment the higher the ROI when the time is right.

[JayJuanGee]

By that, I would have known the best place to regularly buy it when it dips and the regular place I would liquidate it when it reaches certain highs to repurchase at certain lower levels again. If such has been done since the beginning of this year I wonder how much the investor would have realized already. However, if Bitcoin can get lower to about $15,000-$20,000 again, HODLing is still good for it because the level is lower enough to give you a rest of mind and still earn well for you over time.

No one can predict the market to know when the dip will come or when the price will pump amd this is where traders run at loss.

You talked like a typical newbie or perhaps you do not know how to express yourself correctly. Maybe you wanted to say that no one can know what the market would do perfectly, that would have had more meaning than what you expressed. In my years of experience, I know that there are seasoned traders/investors, some may even have up to 95% accuracy in certain months and use money and risk management to cover the lapses of the remaining shortcomings.

If you have not attained that level yet doesn't mean some people have not and your discouraging words will demotivate the intending traders/investors to train more. If truly no one knows at all when the market will buy or sell as you claimed, why are people calling it trading/investing? Is it not gambling since they are just betting on what they do not know? Where is the power of true analysis and speculation? Can you now tell me that trading/investing is indeed gambling? If you do, then it will be a waste of time even replying to you.

Yes.  Trading is more like gambling than investing is like gambling... So it is accurate to suggest that much trading is like gambling absent extensive training and experience.

Even if there are some groups (members) who supposedly are god-like and might have 95% accuracy for short periods of time, that still does not mean that it is a good idea for anyone to get into trading without purposefully seeking to train is such area and surely not presuming that he is going to have any positive results unless he trains.. so evne traders who proclaim themselves to be trained in trading might not employ their skills well enough to consistently get good results or even to perform better in their trading portfolio as an investor who largely just accumulates and holds BTC, especially when we are going out to periods that are longer than a cycle or two.   The longer the period, the more likely the BTC DCA-er/accumulator/holder will have had done better than the trader.

[edited out]

It is impossible for investing in bitcoin to be called gambling because an investment is what you put in your time and resources to nurture and build it overtime so that it will grow to an extent that it starts generating profits for you, even if you are taking the profits bit by bit...

There are some investors who employ investing techniques in very risky ways that end up devolving into gambling practices... Maybe not as often as traders devolving into gambling techniques, but investors are not completely immune from having a gambling label when they are employing very risky techniques/practices.

It will still be increasing in value overtime. I joined this forum May 2022, and I started buying bitcoin with DCA from November, 2022 when bitcoin price was $18k. Imagine the amount of bitcoin I was able to acquire at that period of time at $18k+ have made 3x profit with the current price of bitcoin at $56k+.

Bitcoin is not guaranteed to go up, and past performance does not guarantee future results.

Apart from that, I didn't stop my DCA but continued till date and my DCA is ongoing which I will continue for many years. With the little example that I gave from my experience, it has really proved to me that investing in bitcoin overtime is not gambling or waste of time.

Back to trading...this is similar to gambling and as risky as gambling because you are after quick profit and when wrong decisions are made you run at big loss. You might be making your little profit from trading but I am a bad trader and for that reason I prefer to buy and hodli for long because I am investing for future and I don't worry about what bitcoin price is whether dumping or pumping. Trading is gambling because majority of traders run at loss only few make profit from it. Majority of newbkes jump into trading in the beginning and jump out after a great loss.

I largely agree with you on the last portion Frankolala, yet the mere fact that traders lose money does not cause them to be gamblers.  It is probably better to think about the fact that traders are tending to make a lot of moves in both directions buying and selling, and so they are likely taking way more chances than an investor, and sure some of them might have a lot of skills, so then those ones might not be gambling as much since they are employing a lot of skills, yet the skill base and the application of the skills does vary quite a bit in trading, so there are way more odds that traders devolve into gambling as compared with the techniques and practices employed by investors.

[Onyeeze]

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 are all expecting this to happen but seeing the reality ? better accept it that we are not getting what we are expecting this year alone .

The earlier we understand that Bitcoin doesn't move according to our thought or how we expect it to... The better for us and this is why most people loss money by trading it when they knew that Bitcoin is very hard to predict. I know most persons are still surprise why Bitcoin price hasn't surpass $80k till now and this will make a lot of people to be on pressure, discourage and start developing some doubt about Bitcoin possibilities of taking an uptrend. Whether Bitcoin crosses $80k this year or not I don't care, my concern is to increase my portfolio before that time comes because if I should look at the current condition of the market I maybe discouraged and I can't subscribe to that, I hope everyone focuses on how to increase their portfolio and stop emphasizing about Bitcoin reaching $100k as that can distract some newbie.

why people lose money in trading bitcoin is as result of lack of understanding, when you understand the procedures of Bitcoin trading you will not lost, so many persons that involve themselves in cryptocurrency trading need to learn the trading very well, I think that one of the things that makes us to lose is when trading is due to lack of understanding, but if you pay attention to understand the work you will not lose, trading requires more understanding more information to carry out your functions in trading, so I believe we have to understand such before we go into trading.

[Cryptoprincess101]

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 are all expecting this to happen but seeing the reality ? better accept it that we are not getting what we are expecting this year alone .

The earlier we understand that Bitcoin doesn't move according to our thought or how we expect it to... The better for us and this is why most people loss money by trading it when they knew that Bitcoin is very hard to predict. I know most persons are still surprise why Bitcoin price hasn't surpass $80k till now and this will make a lot of people to be on pressure, discourage and start developing some doubt about Bitcoin possibilities of taking an uptrend. Whether Bitcoin crosses $80k this year or not I don't care, my concern is to increase my portfolio before that time comes because if I should look at the current condition of the market I maybe discouraged and I can't subscribe to that, I hope everyone focuses on how to increase their portfolio and stop emphasizing about Bitcoin reaching $100k as that can distract some newbie.

why people lose money in trading bitcoin is as result of lack of understanding, when you understand the procedures of Bitcoin trading you will not lost, so many persons that involve themselves in cryptocurrency trading need to learn the trading very well, I think that one of the things that makes us to lose is when trading is due to lack of understanding, but if you pay attention to understand the work you will not lose, trading requires more understanding more information to carry out your functions in trading, so I believe we have to understand such before we go into trading.

Understanding about what exactly? Is it the market fluctuations or understanding the signals and the indices? There is absolutely nothing like not having a good understanding about trading because even those that have gotten understanding and experience about how trading works don't they run into losses again? The reason why we should not care much about trading is due to the stressful nature of trading and cryptocurrencies are very risky assets such that you can enter into trading them and due to their high volatile nature it might not actually go in your direction so there's no understanding that can make someone a better trader rather than dealing with their emotions all the time.

[pawel7777]

why people lose money in trading bitcoin is as result of lack of understanding, when you understand the procedures of Bitcoin trading you will not lost, so many persons that involve themselves in cryptocurrency trading need to learn the trading very well, I think that one of the things that makes us to lose is when trading is due to lack of understanding, but if you pay attention to understand the work you will not lose, trading requires more understanding more information to carry out your functions in trading, so I believe we have to understand such before we go into trading.

Do you understand the "procedures of Bitcoin"? Care to share some light on what those are? If the understanding of such can guarantee profitability in trading, why aren't you filthy rich yet?

Reading posts like this can really be irritating sometimes. Any trading bears an inherent risk of a loss, and Bitcoin is no different. If anything, it's more risky than most of the traditional markets due to its volatility. No amount of knowledge/understanding/experience can prevent you from a loss, as your trading performance depends on the behaviour of other traders and events outside your control.

[ultrloa]

why people lose money in trading bitcoin is as result of lack of understanding, when you understand the procedures of Bitcoin trading you will not lost, so many persons that involve themselves in cryptocurrency trading need to learn the trading very well, I think that one of the things that makes us to lose is when trading is due to lack of understanding, but if you pay attention to understand the work you will not lose, trading requires more understanding more information to carry out your functions in trading, so I believe we have to understand such before we go into trading.

Do you understand the "procedures of Bitcoin"? Care to share some light on what those are? If the understanding of such can guarantee profitability in trading, why aren't you filthy rich yet?

Reading posts like this can really be irritating sometimes. Any trading bears an inherent risk of a loss, and Bitcoin is no different. If anything, it's more risky than most of the traditional markets due to its volatility. No amount of knowledge/understanding/experience can prevent you from a loss, as your trading performance depends on the behaviour of other traders and events outside your control.

I don't know exactly where is the point that if we understand trading we will not lose from it while the real fact is even if you know about it and how expert you are in the field losses is inevitable.

If there's sure income from trading for sure people will ignore to do long term investment and focus on trading since there's sure income on it base on what he say. Market is so volatile that's why the trading is risky and doing it is not recommendable to anyone who's afraid to lose their money. Even if they have deep understanding on trading still they don't be complacent on it. No really amount of knowledge can prevent loss since it will really came since everything in trading is speculation and sometimes what we expect didn't happen.

That's why lots of people like HODL more its because it lower down the risk and we don't need to do extra curricular activities to increase our chance to win, but patience is important since this what they need to deal with bitcoin for long term with this option they choose.

[SuperBitMan]

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 are all expecting this to happen but seeing the reality ? better accept it that we are not getting what we are expecting this year alone .

The earlier we understand that Bitcoin doesn't move according to our thought or how we expect it to... The better for us and this is why most people loss money by trading it when they knew that Bitcoin is very hard to predict. I know most persons are still surprise why Bitcoin price hasn't surpass $80k till now and this will make a lot of people to be on pressure, discourage and start developing some doubt about Bitcoin possibilities of taking an uptrend. Whether Bitcoin crosses $80k this year or not I don't care, my concern is to increase my portfolio before that time comes because if I should look at the current condition of the market I maybe discouraged and I can't subscribe to that, I hope everyone focuses on how to increase their portfolio and stop emphasizing about Bitcoin reaching $100k as that can distract some newbie.

why people lose money in trading bitcoin is as result of lack of understanding, when you understand the procedures of Bitcoin trading you will not lost, so many persons that involve themselves in cryptocurrency trading need to learn the trading very well, I think that one of the things that makes us to lose is when trading is due to lack of understanding, but if you pay attention to understand the work you will not lose, trading requires more understanding more information to carry out your functions in trading, so I believe we have to understand such before we go into trading.

Understanding about what exactly? Is it the market fluctuations or understanding the signals and the indices? There is absolutely nothing like not having a good understanding about trading because even those that have gotten understanding and experience about how trading works don't they run into losses again? The reason why we should not care much about trading is due to the stressful nature of trading and cryptocurrencies are very risky assets such that you can enter into trading them and due to their high volatile nature it might not actually go in your direction so there's no understanding that can make someone a better trader rather than dealing with their emotions all the time.

From my understanding through the help of this forum no strategy when it comes to bitcoin investment is free from lose, one can't say there's zero percent of risk in any strategy, when it comes to trading you can't say experience and understanding don't play a role in making one successful, I have a friend who is into trading after his training he started trading he was having more lose than wins but as time goes on he started winning or gaining more than he lose and he said experience helped him to get to that point.

You are wrong when you said there's no understanding that can make someone a better trader, you can't compare someone that don't know the basis of trading to someone that has a good understanding and knowledge about trading, those that has more understanding, knowledge and experience will always do better than those that don't have.

We all know trading is risky so as other strategy too, no strategy is 100 percent free from loss or zero percent free, and trading too those it's own part in Bitcoin so one can't tell people not to go into it one should only tell people about it's risk it's advantage and disadvantage let people choose there own part.

[Promocodeudo]

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 are all expecting this to happen but seeing the reality ? better accept it that we are not getting what we are expecting this year alone .

The earlier we understand that Bitcoin doesn't move according to our thought or how we expect it to... The better for us and this is why most people loss money by trading it when they knew that Bitcoin is very hard to predict. I know most persons are still surprise why Bitcoin price hasn't surpass $80k till now and this will make a lot of people to be on pressure, discourage and start developing some doubt about Bitcoin possibilities of taking an uptrend. Whether Bitcoin crosses $80k this year or not I don't care, my concern is to increase my portfolio before that time comes because if I should look at the current condition of the market I maybe discouraged and I can't subscribe to that, I hope everyone focuses on how to increase their portfolio and stop emphasizing about Bitcoin reaching $100k as that can distract some newbie.

First and foremost I commend you for the decision you have taken not to be discouraged irrespective of the price of Bitcoin at all time that's to say that you already believe that the better way to wait for the time that Bitcoin will reach 100k is to keep accumulating to build a bulky portfolio before the time comes,  this should stand as encouragement to those people that are still doubting the process, as bitcoiners we should always be optimistic, although there is poosibilty of Bitcoin settling in 100k at anytime thats why the major concentration of every Bitcoiner should be centered on continous and consistent buying of the asset, the little they can as we all await the much anticipated price, we must be prepared so as not to be left out.

Exactly mate, the way and manner people go about this trading of a thing, one will think that they already know the aoutcome of every trading session but as far as Bitcoin is concerned, fluctuation which is volatility is a natural thing for Bitcoin so no matter how good people think they are in trading, they must lose and sometimes this losing even takes place when a trader thinks he or she has mastered trading skills, I will always say that trading is like gambling that has unrealistic end and it is not part of the long-term holding of Bitcoin investment, trading is for shortimers so for me it not advisable for a newbie to embark on such journey because it may lead newbies to stop their investment half way as a result of loss or feeling that if he or she invest in Bitcoin for a long-term, the same thing might also happen, the best approach for anyone in the system or intending investors is to keep buying slow and steady as much as they can at all time irrespective of the price to avoid being discouraged.

[Glen Hoddle]

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 are all expecting this to happen but seeing the reality ? better accept it that we are not getting what we are expecting this year alone .

The earlier we understand that Bitcoin doesn't move according to our thought or how we expect it to... The better for us and this is why most people loss money by trading it when they knew that Bitcoin is very hard to predict. I know most persons are still surprise why Bitcoin price hasn't surpass $80k till now and this will make a lot of people to be on pressure, discourage and start developing some doubt about Bitcoin possibilities of taking an uptrend. Whether Bitcoin crosses $80k this year or not I don't care, my concern is to increase my portfolio before that time comes because if I should look at the current condition of the market I maybe discouraged and I can't subscribe to that, I hope everyone focuses on how to increase their portfolio and stop emphasizing about Bitcoin reaching $100k as that can distract some newbie.

why people lose money in trading bitcoin is as result of lack of understanding, when you understand the procedures of Bitcoin trading you will not lost, so many persons that involve themselves in cryptocurrency trading need to learn the trading very well, I think that one of the things that makes us to lose is when trading is due to lack of understanding, but if you pay attention to understand the work you will not lose, trading requires more understanding more information to carry out your functions in trading, so I believe we have to understand such before we go into trading.

Understanding about what exactly? Is it the market fluctuations or understanding the signals and the indices? There is absolutely nothing like not having a good understanding about trading because even those that have gotten understanding and experience about how trading works don't they run into losses again? The reason why we should not care much about trading is due to the stressful nature of trading and cryptocurrencies are very risky assets such that you can enter into trading them and due to their high volatile nature it might not actually go in your direction so there's no understanding that can make someone a better trader rather than dealing with their emotions all the time.

You are usually trying to divert me from the main discussion of this topic, here we have to increase our investment as soon as Bitcoin hits 100k dollars. Any investor can participate in investing in Bitcoin if our investments here generally follow the DCA method. But short-term traders are essentially the most at risk, any time the Bitcoin market moves up or down in a short period of time. But the average level of bitcoin is the most successful if held for a long time. So if you invest in Bitcoin and keep it for long term you will definitely get success, but not short term trading.