Honestly I thought by now we would be having Bitcoin price at $100k before the halving period but it seems to be on a slow mo and no rush, investors are currently looking for the right time to smile to the bank but waiting till it gets to $100k is still a win win and a better profit.
No time is too late to start investing even though the price is taking it's time to go back to $70k, those holding can still hold because Bitcoin price is heading to a positive way that would some how hit $80k before the end of this month but can the high transaction fee be an obstacle to withdraw when Bitcoin price is right on track like to a $100k+? Because I see it as a means of slowing down business if it continues.
If you holding I see no reason why you would want to withdraw and be affected by the fee.
I will only consider if you planning to move from your CEX to a secured wallet for further keeping.
$100K shouldn't be the goal is too small
With 40% increase Bitcoin would cross it.
TBH Bitcoin beating it's all time high before the halving was outside my expectations,so am surprised people believed it would hit $100K before the halving.
Don't forget that it rose from around $15800 to $73K that's almost 500% and quite impressive in my book.
I haven't mentioned if I'm holding or not don't get me wrong on that, was only saying base on how the fee is getting higher by the day. I believe some have the intention of holding not for long and they easily get pissed and think of withdrawing, that's when things ain't working as planned. It can happen because of financial issues who knows why?
Bitcoin price was getting close to hitting $100k before the halving with Bitcoin price raising and giving much hope of getting to $100k not until we had a pause at $73k, fair enough though. I'd say since the market price went from $15k to $73k it has been a very impressive movement and I'll say the way it was elevating made many forget about some corrections too, if not I don't think we would be having that imagination of it getting to $100k before the halving. $100k can have before the year runs out but not in this month or next.
Everyone has the right to withdraw their bitcoin investment when ever they choose to but there are definitely ways to ensure that things go as planned and that is investing the right way, you can't expect someone who is gambling rather than investing not to have issues with his investment so early and think of withdrawing and that is because he is investing more than he should be able to maybe because he is thinking of taking profit from the bull run and when things start to go otherwise he wants to pull off and run, but that's not the way to invest, an investor should be considering his financial situation when investing and investing what he can afford to lose in case it doesn't go well cause its also a risk, then we can talk about keeping emergency funds as our insurance that we don't sell too soon or even touch our holdings die to any emergency that may occur and if we love to take advantage of other market opportunities like dips we can also start building or reserves for such reasons.
IMO if an investor follows and plans well he won't be in the category of those selling due to his plan failing cause its not rocket science, its just doing what is right.
At least someone agree with me that everyone has the right to withdraw whenever he pleases be you long or short time investor or should I say holder, hope Mr double
JG is getting it and in investment you don't expect to always be on the winning side, there must be a time you lose, some who invest like those starters forget to keep funds for emergency like you said, they feel things will always work out as plan.
In as much as you feel you have the best investment strategy never forget that it will some how fall off the plan, the more you lose the wiser you become.
We invest to get more but it doesn't mean you should hold till we get to the last amount of Bitcoin price which is not happening and you go hungry or something, no it won't give you the medal of "best holder", since is yours you have to withdraw if you're down with fund to sort out some emergency.
the only reason why you might even think that investing into Bitcoin could put you on a winning or loosing side is if you're too eager about taking your profit along certain time while you ought to be accumilating. From Bitcoin past trajectory, there is no indication to support your claim that you've got to invest with the mindset that you can iether be in profit or in loss and if a newbie gets such kind of mentality that investing into Bitcoin is a win or loss kind of scenario, it will only serve as major distraction that will possibly cause him to sell at any slight profit margin he finds himself since it's normal that people generally don't want to be in loss. And to be honest, no one is ever suggesting that you have to HODL for so long till Bitcoin gets to it climax before thinking about taking your profit and the decision to even take your profit at whatever time you dim fit to doing so is just yours and yours alone to take but that doesn't change the fact that DCAing for a longer time frame is your surest way to get a good quantity of Bitcoin and that how profitable you're in your bitcoin investment is directly proportional to the quantity of your stacked Bitcoin and I guess that's the angle where HODling for longer period of time comes into play.
Each person should be tailoring his investment to his situation, and surely there should be less ability to aggressively invest into bitcoin if you are brand new to investing and brand new to bitcoin, and so if you don't have your shit together, including having some consideration of the
9 individual factors.
That's what we do talk about on the Forum on how newbies rush into Bitcoin just because they have a little knowledge of it and they forget that they still need to learn more about Bitcoin, no plan no strategy and they engage in it because they see others benefiting from it, they feel is easy and they too can gain more than they invest, things don't work out that way in the crypto space, seeking for mentorship and advise helps a lot.
well, at some point we have to be realistic enough to know that some of us started buying the little holding we have at the moment when our knowledge of Bitcoin is still minimal and along the line we've come to learn so many things that we never felt was necessary at the outset and there had never been any form of regret at this moment that we're facing because we invested into Bitcoin before knowing so much about it. Is there even so much to know about Bitcoin investments before even starting? The basics I had known about most general investments option is always to start small and ensure that my investment is secured and that was the perfect way I started with. As long as a new investor knows how to buy Bitcoin and also knows how to secure his holding such that intruder's wouldn't steal it from him, the rest information as regarding making plans for emergency funds and even being more disciplined with our DCA normally comes while you continue stacking your Bitcoin. Sure, there might be instances where some persons might have gone all in and might have possibly invested above a percentage of there earnings that's flexible enough to have allowed them HODL for longer without being bothered about it but I have always believe that it's more important to start small and learn along the way rather than trying to figure everything out and end up being discouraged because the truth is that if you don't start buying you wouldn't know shit about what it takes to HODL for long at all.