Quote from: laijsica on Today at 09:44:07 AM

Quote from: wmaurik on April 21, 2024, 04:48:27 PM

Quote from: Kwarkam on April 21, 2024, 12:38:14 PM

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.

How do you assess the losses for those who have just started when the Bitcoin price reaches $100K later? Even though those who are just starting out still haven't experienced anything through Bitcoin, except that after buying it there can immediately be a big price drop in Bitcoin. Those who are late in starting and are still thinking longer in doing it but on the one hand they also already know the price of Bitcoin beforehand, of course the ones to blame are themselves.

Bitcoin is $33k away from hitting $100k in which case you're calling it a loss on investment? If you want to be complacent when it comes to bitcoin investing, you should make long-term decisions. Chances of immediate profits are low for new investors, but accumulating bitcoins with a long-term plan is a great opportunity. In this case, experts recommend depositing bitcoins with DCA - because your investment is protected when bitcoin prices rise or fall. We can speculate about the price of bitcoin but there is no way to know the price in advance. So be careful about your investment protection and start DCA. The bull run is knocking at your door and will soon touch $100k.

you know that at the end of the day, it's not even about Bitcoin getting to $100k or above that should be your problem, if you don't have a good chunk of bitcoin, regardless of the bull that's coming, it wouldn't make any difference at all and if you intend selling the little fraction you've been able to accumulate, you will end up spending most of it on fees which is damn unreasonable.

There is a popular phrase that goes thus, "when opportunity meets preparation that's when success is certain. Before you spend all your time wishing that Bitcoin goes high up to $100k or above, you've got to make sure that you've been able to buy as much Bitcoin as you can at different times using either your DCA methord or buying at any dip you're previlaged to witness and within past months, we've seen several corrections that have all given investors the ability and previlage of buying at low prices and even if you where able to buy during those special dips, it doesn't still mean that you should sell off your holdings once bitcoin gets to $100k as long as you've not stacked up a good quantity of bitcoin that would put you in a possible fuk you status where certain bulls can make you take part of your profit to sort out things that's best known to you, for the ones that are still at the accumulation phase, you shouldn't be too eager to wish that bitcoin will go all high to the moon cause the direct implication of that is that you will have to buy less amount of Bitcoin with a bigger amount of fiat since it isn't reasonable in itself to start selling your holding when you should be buying more bitcoin. And yeah, DCA merthord is good for long term investors but it doesn't protect you from any thing. It only helps you remain consistent with your buying over a long period of time such that you don't have to wait till you have it all before buying your Bitcoin.