Quote from: ultrloa on May 19, 2024, 10:19:56 PM

Quote from: Rabata on May 19, 2024, 08:11:13 PM

Quote from: tengui on May 18, 2024, 10:48:09 PM

right, before the halving the price of bitcoin reached an ATH in the range of $73k, and maybe after the halving you and most people thought bitcoin would reach a much higher ATH. but in reality it is not like that because after the halving begins the price of bitcoin tends to fall and stabilize. When this thread was created maybe $100k seemed very achievable, but for now and in the near future $100k looks very difficult to achieve. We'll see until the momentum of this halving ends, whether Bitcoin can reach $100k or not.

There is no guarantee that the Bitcoin price will go up immediately after the halving, but the market will gradually turn bullish. Regardless of the Bitcoin price every four years cycle will see large fluctuations in supply due to halving. We may currently see 70K or a bit lower but Bitcoin is slowly gaining strength. It may show a bullish movement this year or next year. I believe that by next year 2025 bitcoin will cross 100k price and may even go up to 150k. Moreover, many investors are entering the market through which the investment has increased especially effects of ETFs.

People say something about immediate growth for bitcoin will not totally have a good approach towards their investment since maybe they are expecting to much and if situation came in and the price they are waiting didn't happen then they got immediately got disappointed and cursed bitcoin for that happening. Also sometimes they get panic since what those people think that a correction would provably stop its streak and $100k is impossible to reach that's why they sell to save their asses because they don't want to experience a huge from what they think a dumping stage will come.

Moreover if the investor is really aiming for long term then they should ignore those instances and focus on their long term plan because they are not doing any short term trades with bitcoin. Just continue to stick on the plan since for sure that bitcoin would able to reach at $100k and people who are targeting that with doing good accumulations before will earn and those who regret might come up thinking about what if they continue to hold for sure they also come together with those people who believe to gain from said achievement gotten by bitcoin.

Your right and that's why a long term investor always has more stability than a short term investor, short term investment is just like trading and you can most likely end up unlucky is thigns don't go your way, to me it would be quite the headache to be watching the Market all the time and every news is a treat to you since you can't really tell how it would affect it.

Long term investment is rather a better option in so many ways than one, cause first you would have alonger time frame to actually do what is right and that is to accumulate bitcoin, everyone that has gotten rich off bitcoin were not short term investors, all were long term holders, anyone still involved in short term investment should have fun staying poor.