Quote from: jaberwock on September 29, 2023, 03:23:40 PM

Quote from: Mpamaegbu on September 28, 2023, 02:03:03 PM

Now is a safe time to make predictions to the upside. It's safe in the sense that we're in expectation of a bull rally occasioned by the incoming Bitcoin halving next year. Many influencers cum analysts are capitalising on this to put up figures. They will be right, eventually. It's not a bad thing to FOMO, just like it isn't to also FUD. However, one thing should be taken into cognizance and that's not to follow anyone's prediction blindly. Everyone should figure out what level they will exit after investing now. It's uptrend for Bitcoin. Don't be deterred by whatever dip you see now. It's minor price correction.

It's true that it looks like we are going to end up with some good results and it should be important to realize that you are going to end up making profits if you end up buying right now. Plenty of people are still waiting, and I do not get that idea, you do not have to see it going super high before you buy, that would be quite late and you shouldn2t do that, you should be buying right now so that you could profit when it goes super high.

I know that market doesn't work that way and in order to go from 50k to 100k, we need people buying at 99k to take it to 100k, so that means we need people buying at the top as well, or at least near the peak. However, we do not have to let it be under 30k right now neither.

It's true that buying right now should be providing some decent profits to people, but I think not everyone is ready just yet. We need to let them be for a while and they could do a lot better on the long run, it could end up with something that should be profitable to them if they know what they are doing.

I get that life is not all that simple but we can't just let people make decisions based on what we think, it's our thoughts and they have their own and if they think that they are going to profit a lot more by waiting and seeing it move first then we should let them do that. I agree that the market needs people who buy at the top as well, so we need those people and if they are fine that way then let them do what they want to do.