Quote from: Chiomaobi on June 16, 2024, 10:38:41 PM

Quote from: JayJuanGee on June 16, 2024, 08:08:00 PM

Quote from: Chiomaobi on June 16, 2024, 07:25:52 PM

.......All this put together might see us reaching the $100k Mark before the end of 2025 first quarter.

Huh? it is going to take that long to cross over $100k? Wow.

It may not take up to that long I'm just giving my prediction, Lol. We never can tell what will happen in Bitcoin I'm not too interested on Bitcoin reaching 100k since I just started my accumulation However if it happens this year I will be happy so we can now set a new target of reaching 200k.
Me as a newbie all I'm interested in right now is accumulating as may Bitcoin as possible. Bitcoin could hit 100k this year or it may not however I'm really confident if it crosses this year without it hitting 100k it won't cross early months of next year.

even if you're considering buying Bitcoin below $100k as the most preferred option and you're hoping that it takes longer before Bitcoin would get to $100k so you could buy a good chunk of it at prices below $100k which would seem like a dip price in comparison with buying above $100k, it generally depends on the amount you're using for your DCA if not buying at $70k or $100k makes no huge difference ig you're looking ar Long term holding up to a period of 4 to 8 years.

Because you're using the DCA methord to accumulate Bitcoin for the long run, it directly suggest that you're going to make your buys at different Prices some of which will be low while for others, it will be e high. Accumulating for the long run will mean that you will have to keep buying even when Bitcoin prices goes above $150k and even though it has hit $200k, you don't stop buying because you feel it has gone too bullish. In the past years of Bitcoin existence and for earlier Bitcoin holders, it's possible that some of them would have felt skeptical regarding continuing to buy Bitcoin above $20k because it might have seems unsure of the possibility of them seeing a huge difference above $20k in the sonnest, but seeing the current price now, it goes to show that the principle of Buying Bitcoin with the DCA method isn't a disadvantage after all.

If the resource is available, it's best to keep buying now and expect that the price that's below $100k will last too long before we eventually start talking of the post $100k era, I bet you know that within a space of three months, event can play out that will see Bitcoin surging to +$150k and even when it happens, it's still best to keep DCAing.