Post
Topic
Board Speculation
Re: Bitcoin reaches maximum, target $80K BTC
by
Rikafip
on 30/03/2022, 09:13:53 UTC
And here we go again; BTC goes up a little bit and we get bunch of these  "experts" pulling out numbers out of their asses, who where of course nowhere to be found when it was hovering around 35-40k.


In my personal opinion I see it as a good time to invest a good amount in BTC and leave them a few months to mature, what do you think?
The best time to buy Bitcoin was yesterday, and the 2nd best is today. Unless you  know what you are doing (and judging by the topic you opened I don't think you do) I would suggest you to stop timing the market and instead use DCA methid, or simply buy when you can. If you try to time the market and buy Bitcoin with the intention to hold it for only couple of months you may end up buying high and selling low, like many newbies.


Just last year we have one prediction modeling that is being used by a lot of influencers and saying that $100k is going to be touch in December 2021. But the opposite happen, so we should know the drill by now. Never trust anyone specially this so called experts.
I guess you mean PlanB's Stock to flow model? While I still like his work, he was also guilty of being a little bit too cocky. All these models and predictions are fine and dandy, but when you set it up in your head that BTC is here to stay and that short term price (and for me short term is 1-2 years) doesn't mean much, it becomes that much easier. I done that 4-5 years ago and to paraphrase one title from a very well known movie (that is very relevant these days) I stopped worrying and learned how to love Bitcoin.