Quote from: Troytech on April 20, 2024, 08:11:18 AM

Quote from: $weetne$$ on April 18, 2024, 09:19:41 PM

Quote from: wmaurik on April 18, 2024, 05:04:08 PM

Only weak holders would be discouraged by a small decline like now, because there are still more investors out there who continue to buy Bitcoin at this time without being discouraged by the current price correction. And if you are someone who thinks optimistically about achieving a price of $100K in Bitcoin, of course you will never be discouraged by the current condition of Bitcoin prices. Because you can think of it as an opportunity to buy at a lower price before the Bitcoin price heads to $100K.

Weak hands do not deserve to hold Bitcoin when Bitcoin gets to $100,000, any one selling Bitcoin because of the price is falling is a weak hand investors in spite the f what your investment strategy is, and they'll wish they never sold. After Bitcoin halving is done. Bitcoin will be on the road to get to $100,000 and it will happen so fast. Just as people did not believe that Bitcoin can get to $72,000 before the halving, they will be surprised when Bitcoin gets to $100,000 only few months after the halving. If you do not want to hold Bitcoin there are many institutional investors that would be willing to buy the Bitcoin that you are selling. There is going to be less Bitcoin for market buyers and price will rise because of demand of Bitcoin therefore a better strategy will be for you hold the one you have and look for money to buy more than to sell the one you own.

You know we all have to look at thigns from the stand point that we Don't know the future and anything can happen right now , this would help everyone better define themselves and be prepared for anything that would happen in bitcoin. The question is what I bitcoin doesn't reach 100k after this halving, what if it takes another year or two before this happen, would I be disappointed or discouraged to carry on my bitcoin accumulation pursuit?,now if this is answered in your minds you would come to understand that it's far better to focus on accumulating bitcoin especially if you are still in your first 1-4 years in than even anticipating or praying for price increase.

Most of you paying for bitcoin to reach 100k should also be aware that we would be buying bitcoin at a higher price which is bad news to me and that's is my worst case senerio right now, so what do I do and how do I prepare for up, the only way to be well prepared for up is to have enough bitcoin, infact more bitcoin In your stash, to me anyone busy anticipating price movements is a short term holder and a long term holder has no concern with such and should be more focused on buying more bitcoin.

Exactly. When you look at it from that stand point, you see that the party for Bitcoin to hit 100k is only favorable to those who have been accumulating over time, as it would be, in a view, somewhat disadvantageous to those just starting up. When Bitcoin hits 100k, even the dips will still be high priced.
Whatever preparation you decide to take to curb that situation is a YOU thing. There isn't any strategy that is generalistic to a prime.
And yes, I agree with you that long term holders have no business timing and monitoring the markets because ar the long run, those small changes, price fluctuations, don't really matter.