Post
Topic
Board Economics
Re: Bitcoin investment
by
wahyu wida
on 24/08/2021, 06:47:46 UTC
I am investing Bitcoin today even if the price is still very high and risky. I still believe in some speculation that btc will rise up to 100k$ before the year 2021 end, that is why I buy some Bitcoin and hold it till the price reach up to 100k$ may I know what are you thinking this time is it a Time to buy or hold or what ?

You target a very high price, $100k doesn't mean bitcoin can't reach that price, but this certainly takes longer than you think, especially this year bitcoin has reached a new ATH, because after ATH usually the bitcoin price will be corrected temporarily time, and if we look at the on-chain structure, recovery isn't going to happen anytime soon.
Bitcoin price movements lately have made many people optimistic that $64k is not the highest price for bitcoin this year, meaning that there is still a possibility in the next few months the price of bitcoin will exceed that price. currently the price of bitcoin is in a positive trend, and is most likely to break through ATH in the near future. so the target of $100k this year is not impossible.
for the target of $100k for this year I don't think there is a guarantee, but if bitcoin forms a new ath above $64k I think it might happen, because currently the price of bitcoin is approaching it and we know that at the end of the year the market usually spikes