Quote from: tygeade on May 04, 2023, 10:14:33 AM

Quote from: uchegod-21 on May 03, 2023, 11:38:49 AM

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Bitcoin touched its all-time high of $31K which is the 2023 market high. When the market reached $31K we had an idea that the Bitcoin market would soon reach $100K.

Market reaching $100k is not an easy thing and I will advise that we should not think much about it. During the last mega bull run that happened, $100k which was the target failed. It will be very difficult for the marker to drag such a FOMO that will pull it to $100k. Our best expectation is something close to or slightly more than ATH.

Why shouldn't it be an easy thing? I feel like that is as easy as it gets. Bitcoin reaching 100k may not happen today or tomorrow, but it is not a hard thing neither, it is something that will surely happen. I personally believe that the best thing about bitcoin is that the price goes up eventually at all times, there is nothing to worry about.

Obviously speaking we are going to end up with some situations where the price will not be doing that well, but that doesn't matter because when the price doesn't well, all you have to do is wait for it to get back to being good again and it will be awesome. I personally believe that it should not be an issue, 100k is simple and all you have to do is wait, I bet that it will get to 100k one day, not today but eventually one day.

Easy as in quick, not easy as in not being able to do. I feel like it is easy if you are talking about "will it ever happen", because we all know that it will happen there is no doubt about that, but if you are asking if it is easy to do as in will it happen just about now? Like within May for example, then I think that is not easy and it will not happen.

This is why we should consider this as a trouble and not really go with that, I feel like it is not a good decision to do it and should avoid it if possible. All in all there are too many people who think that it would not be smart decision, so if you want to invest to make quick profit then yes you are right that 100k will not happen that quickly, but if you are a long term investor then yes it will do well.