I have a small plan and i would like to ask your opinion about it. I have already accumulated approx. 1 BTC by buying small amounts here and there (also through faucets) but constantly. I have approx 0.70 btc in other crypto(bought cheaply in the past) but i plan to exchange in btc later if needed and if worth it. My actual plan is to buy daily fractions of btc ad long as price stays below 10.000$ / Btc and stop if and when surely it will go above that level. Basically i' m taking advantage of BTC "cheap" prices to speculate on the future value (probably a few Years) for future spending, selling, or simply storing it. What do you think about it? I want to set a limit somewhere and i think if price stays above 10.000$ it will mean that banks and institutions will have entered the market already and i will simply enjoy the profits. Does it seem like a good plan? i really believe that Bitcoin will become very very valuable in the foreseeable future.
You are actually buying low as far as bitcoin price is below $10K then selling high above $10K I believed this is a smart way of trading bitcoin bearing in mind that come next year the price would pump to to another price level I am sure the price would range above $10K based on many positive news ahead, Bakkt, halving of bitcoin etc above all selling above $10K would guaranty you some profits although you are actually taking a risk what happens if the price dumped to $5K?
I'm in for the long run. I believe bitcoin will hit 100 k by the end of 2021 and maybe I may sell part of my stash before it hits 100 k we ll see but I will always try to keep at least 1 Bitcoin away. Again we will see i don't have weak hands with this. I still have a small buy when it was at 200 $ but back then I didn't understand bitcoin otherwise I would have bought way more