Quote from: Miles2006 on June 27, 2024, 10:48:36 PM

Quote from: Belarge on June 26, 2024, 08:48:30 PM

These seasons comes with different strategies. We have bear and bull season and this have been an outrageous moment for everyone. Road to $100k for Bitcoin, it can seem possible and we know the standard formulation of the system. Bitcoin have dipped and we know the signals it have sent out to the public. Most traders already know their plans to comprehend the system, while some have struggled.

I believe people who find it difficult understanding every single step bitcoin price make are not knowledgeable enough and they should avoid such field where they have to track and come up with different approach. Also sometimes all this sounds complicated because one can really focus more on investing if the trading is so difficult which I believe is difficult, most times they fail to understand about trade and everything associated with the market movement and end up with loss also sometimes even the traders with knowledge might sometimes not see profit due to the high risk and loss involve.

Is it really possible to understand every single step bitcoin price makes? How do you do that? Having such opinion makes you sound so much like day traders that enter the market and leave the same day with target of small profits. For long term investment in bitcoin, you don't need such specialized and unrealistic knowledge. The weekly moving average is enough to give you idea of when the market is rip for entry if you are buying lump sum. But for DCA method, it is a continuous process that does not consider the market condition.

Quote from: wmaurik on June 28, 2024, 12:06:21 PM

Quote from: Belarge on June 26, 2024, 08:48:30 PM

These seasons comes with different strategies. We have bear and bull season and this have been an outrageous moment for everyone. Road to $100k for Bitcoin, it can seem possible and we know the standard formulation of the system. Bitcoin have dipped and we know the signals it have sent out to the public. Most traders already know their plans to comprehend the system, while some have struggled.

Continue to maintain the Bitcoin that we already have even though the conditions have become a little different from before, because the price increase will return to Bitcoin even though currently there is a little price stability between the range of $60K to $61K more. And to expect $100K in Bitcoin, it seems like you still need a little patience for Bitcoin holders and for those who are having difficulty with the current drop in Bitcoin prices, there is no need to panic because the potential price increase in Bitcoin could still occur this year.

Anyone who started investing in bitcoin with the right mindset and approach will not panic at this time but will see it as an opportunity to buy more for those still at the accumulation stage. This require the understanding that the market will sometimes make corrections and not continually move upward. We have a target of $100k in this discussion but no time frame was given so it is a matter of waiting patiently and making good use of the opportunities along the way as the price develop the way it wants. Indeed this is not a time to panic but a time to be strategic in decision making in order to maximize the opportunities the market presents.