Quote from: Fivestar4everMVP on October 21, 2022, 07:26:05 PM

I think many crypto investors have programed their minds to the belief that there will always be a bull run in every four years, few days back, I was discussing this with a friend who argued that bitcoin hitting $100k and above by 2024, I asked him, how sure he is, his response was that bitcoin is wired(that is coded) to hit a new all time high every four years, I tried to make him come out of such belief but he refused, I left him alone.

In as much as we hope there will be a bull run in 2024, there is a possibility there won't be any too, so I think we should expect the worst while hoping for the best.

With the co-existences of hyper inflation from central banks and the future halvings of Bitcoin, price of Bitcoin will rise more and more. I am sure we will see it at $100,000 and even higher price but when is not what I can know. I don't try to know when it will hit $100,000 because I simply hold my Bitcoin, enjoy my life, without pressure of timing the market. It will be fine for me if $100,000 is reached in 2024 or 2028.

Quote from: borovichok on Today at 02:31:54 AM

Holding Bitcoin is one of my ultimate target and I can't quite now, when I know fully well that it will make a bull run up to $100k as predicted long before this time, although it still have chances of going below $8k, the moment it enter that price level, we should just bear in mind that it will give some traders new opportunities to bagged more while the ones that enter at early stage, will be at big loss, so the best thing for them is to triggered the sell price and wait for it to hit their choices of entry before bagging it again. The market currently facing bear season and let's just give it time.

You should not set up your target price and binds it with time. It is good to have your price target because you are clearly at what price you will take profit. However it is bad, very bad if you are timing it because what will happen with your plan if Bitcoin won't reach your favorite price at the right time. Will you have bank call? Liquidation call?

Timing the market is bad in aspect of mentality. It will result in pressure and disappointment which can cause bad reactions from you.