Post
Topic
Board Speculation
Re: Bottom of the Bear Market...let's accumulate!!
by
maydna
on 13/01/2023, 22:33:22 UTC
For those of you still trying to build out a Bitcoin stash you can be happy with, including those of you trying to get up to being a whole-coiner, this will likely be the last year you can make significant progress on that as it'll start getting real hard to accumulate tenths of a bitcoin when the price is mid five figures, high five figures, and in the six figures.
I agree that this must the last year where we could see the bitcoin prices trading below $20k levels. At the same time, I feel like it would be too early to speculate anything about six figures of bitcoin prices. Because, by history, bitcoin might need another halving to test anything beyond $100k levels.

I am personally into accumulating bitcoins for years as I never bother about the trends. Yeah, I have bought bitcoins almost everywhere from 65k to $16k levels in this current cycle.
Many of us are still trying to collect from a few years ago and didn't sell it at the last ATH because we are still trying to sell it at another ATH in the future. Perhaps in the next ATH, they will sell most of their bitcoins but perhaps they still want to keep most of their bitcoins because it depends on the plans and strategies they are running. And right now, we can still try to buy more bitcoins because the current bitcoin price is not yet at the $20k level. And even though the price has already reached above $20k, I think it's still a decent buy price for bitcoin, considering the potential for bitcoin price to be above $100k in the future.