Quote from: Moreno233 on Today at 06:28:27 PM

Quote from: Velemir Sava on Today at 03:26:18 PM

Quote from: sotelorene on May 28, 2024, 09:55:22 PM

The price wasn't so easy to hit $100k just that our instinct is so positive about Bitcoin hitting that amount though it behavior this period gave us a conviction and reason to believe that it will reach $100k. I have the feeling that it will reach $100k but not soon but Bitcoin reaching that amount is not my major concern rather my major concern is how to accumulate more and hold.

Friends, this period is indeed accumulating, since the OP's post at the beginning, the BTC price range was 70K -71K and the price has now dipped to $68,300, so that's not a problem for me. the problem is if we buy BTC and sell BTC to buy altcoins like memes. that's the most messy thing.

The OP made the posts when Bitcoin was at $71k but now it has retraced to $68k which is just a minor price difference that is not supposed to cause much panic but should be as opportunity to buy more Bitcoin.

I noticed that the best approach for a market profile like we have now is a combination of DCA method with buying the dips rather than relying on one method. This way every dip will be properly used to accumulate more Bitcoin while the DCA method is constantly left to go unhindered. Remember that prices went so down to as low as $57k, it was a wonderful time to buy the dip because that low accounted for over 20% discount on price from the $71k price when the OP made this post. Buying orders that were filled at that low would have gained up to 17% in the present price of Bitcoin which is a reasonable increase within such a short time. I don't want to sound like a trader, just showing how beautiful it can be applying some kind of strategy in buying Bitcoin in order to get maximum benefit.

Quote from: Velemir Sava on Today at 03:26:18 PM

As for the price going to 100K, I don't have the slightest doubt, and about even higher predictions I have heard from well-known people, saying that BTC will be 150K in 2025 and that will soon become a reality.

I think majority of people have come to the agreement that Bitcoin will reach $100k within this market season. The only area not clear is when it will happen but gradually it will move towards that price point. It is actually reasonable not to expect the price to go that far immediately after the halving because price made ATH before the halving. So, there should be some slow in movement of the market to enable people enter the market before any big rise in price.

Yes I believed that bitcoin will reach $100k soon but even if it doesn't happen soonest we shouldn't panic so longer as we are not planning to trade the bitcoin we have in our portfolio. It is only those that is planning to trade their coin at $100k that should be worried sick .so if your investment in bitcoin is long term investment you will not be worry sick as of how soonest bitcoin will hit $100k.