Quote from: xvacator on Today at 09:42:57 AM

Quote from: Salahmu on September 25, 2023, 06:46:16 PM

Quote from: xvacator on September 25, 2023, 05:32:07 PM

Quote from: Dr.Bitcoin_Strange on September 24, 2023, 09:26:16 PM

it's not very difficult for Bitcoin to go from $25k to $30k.

Maybe it's not that difficult but we have seen what happened to bitcoin where even increasing the price to $29k seems difficult because there is a lot of pressure to stay at the bottom price. But if the time is right, the bitcoin price will definitely start to increase and reaching $30k or even $40k or $50k will not be difficult and may only take a moment.

Perhaps we shouldn't focus on the Bitcoin price movement right now, what should be considered is how well you're utilizing the opportunity by accumulating more, truly we no that Bitcoin is ranging within some levels, we shouldn't dwell on or trying to determine what the price of Bitcoin in the coming months will be because it can affect your psychology in times of accumulating were as you over invest believing your psychology that Bitcoin price will get to a certain price before some months as such making you invest more in other to accumulate huge before the months you believe that Bitcoin will get to a certain price reach, perhaps you could be affected financially if it doesn't get to the particular price, is obvious that Bitcoin price will spike soon as a result of the halving coming next year and could possibly surpassed the all-time high but nobody knows when is going to be, so we shouldn't allow emotions to cloud our accumulating psychology to invest aggressively there should always be back up plan.

Yes, I've done that until now. I don't care too much about how the price moves, whether it goes down or up, because my goal is to collect more bitcoins for now. And I'm glad I don't check prices on the market or set off alarms too often.

Until now, I can still calmly carry out my plan to collect more bitcoins. And hopefully, it won't affect my psychology unless the price suddenly increases drastically. That would allow me to immediately check the market and perhaps place a sell order.

Yeah that's cool because one of the barriers or factors that can possibly affect our psychological reasoning after accumulation is regularly watching the price movement of Bitcoin because it cannot only affect you psychologically but also emotionally were as you could seriously be panicking seeing the price going opposite direction but perhaps if your intention of accumulation is for long time holding I see no reason why someone could be regularly watching the price movement.

Although if your strategy is for long time holding were as you made mention selling off your Bitcoin if the price moves drastically, for me I will call it a panic sell because it boils down to our discussion about the factors that affect our psychology in times of holding so deciding to sell off your accumulated Bitcoin because of a drastic price increase shows that you were influenced by price movement, perhaps you could regret after selling your Bitcoin were as the price keeps skyrocketing and never gives you the opportunity to accumulate again due to the market spiking, so we shouldn't allow emotions to overwhelm us as such losing opportunity we were supposed to have wile holding.