Of course new ATH is not guaranteed, but surely seems quite possible and probable and something that we could invest into bitcoin because we consider bitcoin to be an asymmetric bet to the upside.
Another thing is that $170k by November seems to be pushing it, and that would ONLY be a 3 year cycle from the previous ATH.
Sure $170k is possible for his year and also $500k or more is possible for 2025, yet none of these are guaranteed, but any of us who are buying bitcoin now should try to figure out if we are doing enough in our current BTC buying efforts, and also to have some plans regarding how we might deal with a variety of possible scenarios which include at least the following in the next 1-2 years
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5) BTC prices go up to somewhere between $200k and $500k
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$200k and $500k is a very serious range for everyone to cross at some point, many have been investing for a long time and are now waiting for that time. Actually we don't really see good predictions for Bitcoin, we see some reasonable discussion but we end up in ambivalence. Because there is a doubt that we are not getting the correct data on the site, on the other hand, those who know and work about Bitcoin for a long time, sometimes cannot make the right guess.
The main problem here is that everyone thinks in the short term, making it difficult to make the right decision. I agree with you that we should plan for the long term.
The range of $200k to $500k may well ONLY have in the ballpark of 15% odds of happening between now and late 2026, so any of us should be able to come to those kinds of conclusions in our own thinking, and sure maybe we could give some considerations to how others might assign their probabilities too, but in the end each of us are the ones who have to make our own conclusions regarding how we are going to invest into bitcoin and how much and other considerations regarding how to manage our holdings through potentially turbulent times.
So our plans likely need to be both short term and long term, so we have to know how to deal with short term turbulence that may or may not end up affecting our long term holdings.
"Buy the dip & hold" is a popular investment strategy in the cryptocurrency market as well as traditional financial markets. The basic idea behind this strategy is to buy assets at low prices and take advantage of price declines or recessions by holding them for the long term. Buying the dip allows investors to purchase assets at prices lower than their recent highs. This can potentially increase the overall return on investment if asset prices rebound later.Holding assets over the long term, even during market downturns, allows investors to benefit from the potential growth of assets over time.By sticking to the "buy the dip and hold" strategy, investors can avoid making emotional decisions based on short-term market fluctuations.This can help reduce panic selling tendencies during market downturns, which often lead to losses.
"Bye the dip & hold" can also be combined with dollar-cost averaging where investors regularly buy a fixed dollar amount over time regardless of price. This can help smooth out the effects of market volatility and potentially lower the average purchase price over time. Buying the dip and holding assets is aligned with belief in the long-term fundamentals of the asset. It implies confidence in the underlying technology and the potential for future adoption and growth.
Cryptocurrencies, in particular, have shown significant growth over the years, making them attractive for long-term holding strategies. I love this strategy and always suggest it to everyone.
Even though your various bot responses are not incorrect, we are talking about bitcoin here.. not shitcoins. Your use of the term cryptocurrency seems to imply that buying the dip, holding and/or DCA would apply to shitcoins, which is a questionable proposition at best. Fuck shitcoins and fuck the uses of the term cryptocurrency if you actually mean bitcoin then why didn't you use the word bitcoin in your whole bot-generated post?