This year we already had several new ATHs between $69k and $73,794, so are you waiting for more?
If you are merely waiting for a new ATH, then how are you going to know that it is enough? and why would you necessarily hold your value in dollars rather than holding your value in bitcoin?
Yes you are correct we have already achieve new ATH for the year 2024 but there are more chance to achieve more although this is on base that positive news comes up then it would really effect the market so easily. Though since we had already achieve ATH for year which the price touches $73k was at a cause of the ETF approval which many of us knew about it that was why it seems that bitcoin didn't follow it's historical data, because usually when halving passes the next is to carefully monitor the market while we gradually moved to the next year to achieve a new ATH.
Saying we have achieved a new ATH of 2024 makes it looks like ATH is created every year but I want us to understand something, the market is determined by itself whether the price of Bitcoin will soar high or reduce and it is the price movement that will lead to creating a new ATH and since there is no much investors coming in makes the market to look stagnant and revolving within some price limits and falls. Even if the approval of Bitcoin spot ETFs made bitcoin achieve a new ATH before the halving but yet another new ATH may not be created again till after the bull market so there is no need to hope on Bitcoin reaching a new ATH again as you can just HODL your Bitcoin whether a new ATH comes or not but since your plan is to hold for a long term.
It's a circle and a market principle we must experience and the market always maintain its principle, and again we don't experience ATH every year rather it is created every single 4 to 5 years to come. Market is volatile if I may say but as trader or investor who has decided to venture into bitcoin would only exercise patient and of course for bitcoin investment long term hodling is always the best option. The halving we experienced made lot of people think would experience another this year but of a true seeing another ATH is under probability we may or may not but surely the bull run is by the corner and this could be possible from next year.
Be versatile
Be realistic
Be sensible
Be good on handling emotions
Market is something that cant really be predicted as always. Dont expect or anticipate on something or you are that expecting to happen because if it doesnt then disappointment would comes next.
Buy when there's an opportunity when the market dips or corrects and sell out if it do really be able to hit up your selling point or level then it would really be just like that.
Yes, it do really sounds basic but on the time that you would really be making out such decision then it would really be that so hard on doing such thing.
So results and outcomes would really be that different to each person on which its not really that shocking on this case.
Bitcoin market is a very volatile market, yh we can’t predict the market but surely all financial markets have a roadmap which also helps us as we anticipate with previous and past datas. For me the most important factor is “plan”. This shapes everything anyone would do, if you stick to your plan I don’t see any need to fret, the market doesn’t always present the right time to buy or accumulate that’s what DCAing shades us from gives room whereby we buy without bothering about market prices.
You’re setting a plan you already know your ratio or the max return on your portfolio and your selling point over a given period of time not just a pump in price you sell or a drop you buy and sell it more or less gambling.
Invest wisely in a valuable asset like Bitcoin not a tradable coin.