Quote from: mvdheuvel1983 on June 26, 2023, 07:31:28 PM

Quote from: uchegod-21 on June 23, 2023, 08:55:47 AM

Immediately it is a new ATH I am taking profits straight up

I am a big believer in taking profits and know that bitcoin price has been predicted to keep rising however because I have some pressing needs at hand, I already have in mind my price exit point. I invested in bitcoin to make money. I know i am not going to make money over night and I know I will not stick around and wait until bitcoin hits a $100k before I take profits. At every point in time when the price of bitcoin hits the number I have in mind, I take profit and settle an urgent need or use it to go live out my best life. I only got one life to live men and I gotta make the best use of it with my profit taken from bitcoin.

Well if you started investing in bitcoin in 2015, and you bought $25k worth of bitcoin, you might have been able to get 100 bitcoin ($250 each), and if you cashed out at various points along the way, then you could have lived your best life, but you would jnot have shit to show for it.. Maybe you would still maintain $25k invested into bitcoin? Perhaps? And just cashed out profits?

On the other hand, if you had held onto those BTC, then right now 100 BTC would be worth in the ballpark of $3 million, and you would have a lot more options, rather than your having had been thinking so short term and cashing out on one of the best (if not the best) investments of our time. In other words, it does not seem to be so smart to be fucking around with taking too many profits too soon, at least until you might get to a BTC accumulation arena that your BTC might really be delivering you value and options, and you might not even need to cash out very many (once you have given them opportunties to compound upon themselves and to build value, such as in the example of accumulating 100 BTC with a purchasing value in the arena of $25k.

Quote from: Agbe on June 26, 2023, 07:53:15 PM

Quote from: Odusko on June 26, 2023, 07:05:34 PM

Are we seeing that amount of bitcoin price this year, I dont think so with the current Bitcoin market behaviour it will be hard to know what will happen to the price and if bitcoin is going to reach that price of 100k as you speculate.
Because from the look of things Bitcoin may not go above 60k price this year 2023 and before the halving, because if Bitcoin reaches 100k before Bitcoin halving it may become hard to see another bull run after the 2024 halving.

Bitcoin price is always unpredictable so what is happening in this year is part of the volatile nature of Bitcoin. Bitcoin reaching 100k$ this year is not possible. Even 60k$ is not possible it is a prediction so everyone is allowed to say what the future of Bitcoin will be. As for me this year Bitcoin prediction will be about 35-40k$ and next year will be 60k$.

Of course $100k is possible in 2023 and it is also possible in 2024...

Is it probable? Well, that's another question. And sure, weigh the odds and try to figure out a strategy that works for you. Hopefully, you are not so bearish that you fail/refuse to adequately prepare for UP, even if you believe it to not be very probable (impossible, in your words.. which seems like an in adequate financial and psychological preparation for unlikely things that do tend to happen in bitcoin, and still are likely to continue to happen in the future - even if such improbable things do not have high odds of happening.).