i believe even if bitcoin drops a bit in a month, bitcoin will still hit 100k by end of year! let me know what you guys think
It could be possible for bitcoin to hit $100k by the end of the year. But before bitcoin go to that price, we might see many corrections will happen every month, so we need to be careful and prepare to buy bitcoin at a low price. But at this moment, we need to have the patience to wait for a while as bitcoin price now is not increasing so high and could get down for more. But we should be happy to see this year many companies will invest in bitcoin to boost bitcoin adoptions growth.
I think that is a big of a task for many people, specially people like me. I mean I would love to buy at the low price and sell at the high price before it crashes and buy again after the crash and keep doing this until the 100k price. However I know myself, I will end up putting money at the top and selling at the low, end up losing money while everyone is making a profit.
I have tried trading, still do trade with small amounts (unimportant, tiny, like 100$ or so) and I can tell that I rarely ever make a profit from it. This is why I think it is obvious for someone like me to just buy and hold, that way I can make 2x very easily without working or doing anything, just let it be. This works even if we are wrong, even if price doesn't go to 100k this year, it eventually will go there, all I have to do is... nothing, I literally have to do nothing, just wait and it will be there one day.