Quote from: Ambatman on Today at 09:34:05 AM

Quote from: JayJuanGee on April 16, 2024, 10:59:04 PM

How do you know if there is going to be resistance at $100k or not?

Many individuals have already started confining themselves to the matter $100K that's it's becoming a psychological level to them.
I still don't understand how people would dream too small
Buying Bitcoin around $60K and selling at $100K is not profit to me

well, we can't say that a profit of $40k isn't profitable for an investor that has a good quantity of Bitcoin and surely being profitable in Bitcoin investment doesn't necessarily mean that Bitcoin will have to shut up too high before you will be in profit. Depending on the quantity you've been able to stack till you have such difference, $40k profit isn't a bad one and from what i have come to realize, what's really important isn't that the margin is too big but rather, that your quantity of Bitcoin is much such that even with a $40k difference you're still able to find yourself in a good profit region because of how much Bitcoin you have in your portfolio.

Let's say for instance you've been able to accumulate Bitcoin for an interval of 10 years DCAing with $100 per week. For the ten years period, you should have stacked up
$100×4= $400 per month
$400×12 = $4,800 per year
And in ten years time;
$4800×10 = $48k worth of Bitcoin.
That's $48k worth of Bitcoin and if we assume that during your accumulation stage Bitcoin ATH at those instances is just $60k and then you're able to hold up to the period when it got to $100k, you've almost made two times of your investment within such space of time but if your quantity of stack isn't much and then you're able to accumulate let's say $10k worth of Bitcoin within a 10 year interval. Even if Bitcoin goes high to $170k, you won't be in a good profit region compared to someone that has stacked up more Bitcoin. What I'm saying in essence is that what's more important is that you have a good quantity of stack and that way, if thier is a sharp pump you know that you are at a good advantage and even when the pump isn't all that high, you wouldn't also be disadvantaged.

Quote from: Ambatman on Today at 09:34:05 AM

You can't compare it with individuals that bought for $16K and still holding.
Funny that getting to $100K,Bitcoin would use the money of those that shorted at 100K to shoot higher.

well, we aren't sure whether or not those earlier Bitcoin holders that starting buying Bitcoin when it was at $16k have been able to HODL till now. I guess part of the problem they might have faced just like what some persons are currently facing is the uncertainty that was in there minds at the time regarding whether or not Bitcoin will be able to get to $60k or not and some might have refused buying or might have probably sold at the price of $16k because they might seems to be in a good profit based on the price of Bitcoin as at the time they started stacking. And so, yeah, we can't really conclude that they have part of the current Bitcoin holders or not or that if they are among the current holders that they should necessarily sell of there holding. The halving has just happened and the anticipation is still very high with lots of hopes and expectations and who knows, Bitcoin might even climb up to $250k or above this time around and never come down below $200k ever again but then, this in itself is mere speculation that may or may not happen but what's important here is to note that regardless of the price of Bitcoin at the time you started buying, there is every certainty that in the years to come will Bitcoin adoption would have touched the globe, all those that rushed to sell there bitcoin holding but at this time and in the past will wish they had kept a chunk of it till then.