Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
WatChe
on 12/12/2023, 02:56:48 UTC
Quote from: JayJuanGee on December 10, 2023, 09:04:11 PM
Even with your forum registration date, maybe we could consider you as being close to a full cycle kind of guy, but still even if you had been fairly aggressively accumulating BTC for the last 4 years at $100 per week, you would have invested right around $21k, and you would have gotten around 1.11 BTC ($48,840)- which still is ONLY around less then 2.5x rise in value. or around 150% profits.. and with an asset like bitcoin, I have my doubts about the extent that it would be worth it to be cashing out any BTC - unless maybe you had happened to front load your investment, like I already mentioned...

The country where I live (Pakistan), 100$ per week (or 400$ per month) is not a small amount. Here average income is around 300$ per month. I try my best to accumulate as much as I can but investing 100$ per week is not in my reach TBH. If you are from developed country like USA where average income is 8000$ for such people investing 100$ in Bitcoin or any other asset is not a big deal.
Rest I do agree that there can be resistance at 50 or 55k rather with current dip we can inferior that Bitcoin has its first resistance at 44/43k before it make its way to 50k.