Quote from: Bd officer on Today at 06:37:27 AM

Quote from: tsaroz on March 24, 2024, 01:21:15 PM

A very important event is scheduled to happen this April. Around April 16 or 17. It's bitcoin halving again. i.e. number of bitcoin rewarded for mining a block would be halved. It meas half bitcoin reward for equal task for miner. That would also decrease the liquidity in bitcoin provided by the miners. The miners operate on small margin and many could go on loss if they sold their reward for current price so they won't be willing to sell it unless price moves up. Bitcoin in past have seen a good price boost after the halving. And many prediction models place the future price of bitcoin into 190K.
Is 190K too humble or very generous in your consideration? What's your price plans for selling your holdings?

It is very difficult to predict the price of Bitcoin, many people have made predictions before but the predictions have not been correct. I think it won't be $190k by 2024. We don't know when the bull run will start, hopefully the bull run may start later this year so I think bitcoin price may be between $80-90k this year. Not that bitcoin price will never reach $190k, of course we will see bitcoin price at 190k in future, we just have to wait patiently.

However, I currently have no plans to sell my holdings. I have invested in DCA method, my plan is to continue investing in DCA method for long term.

It's not that it's very difficult, it's that we can't accurately predict the price of bitcoin, bitcoin is unpredictable.

Therefore, when investing in bitcoin, in addition to diligently accumulating bitcoin whenever possible, we should set specific goals for ourselves and should only sell when we achieve the goal. Don't invest by asking for advice from others and asking them to give us goals because they, like us, will not know where the bottom and top of bitcoin will be in each cycle. DCA regularly or buy more every time bitcoin adjusts and sells according to the plan we have set, because everyone's position is different, don't imitate anyone.