Post
Topic
Board Speculation
Re: Road to 100k?
by
Barikui1
on 01/07/2024, 07:31:37 UTC

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.

The 100k speculation even if achieved is not enough reason for any low coiner to ever think of selling their investment, instead of panicking for any drop in price of Bitcoin is better you take advantage of it to buy more
Bitcoin at a more cheaper price, in the early part of this year, Bitcoin was at 40$, 45$, so seeing it at what it is today for me Bitcoin is doing pretty well and I don't see any reason or what so ever that worth panicking especially considering long term investment plan.

People who have experience in bitcoin prices especially when buying at prices below $20k will not panic to see a price drop this close, let alone those who experienced a decline of up to $15k two years ago surely it is much more difficult than the decline that is happening now, this is still fairly reasonable for this month because we have experienced enough of an increase from the beginning of 2025 to form a new ATH, correction is a normal market system so that supply and demand work where indeed in the chart also it is a healthy thing that we can make as a count to make future predictions.

Whether you want to sell and buy back when there is a decline or continue to accumulate is a good option, the most important thing is that we should not be excessive in investing in bitcoin so that our finances can be managed very well, and there are no worries whatsoever.

Yes it's actually true that those people that seize the opportunity two years ago and bought Bitcoin when it fell to 15k, 20k and even 25k wouldn't be that bothered in it current decline in value because they bought when it really matters, which was the very deep we are talk about, and they would be very happy now that they took that step then.

What I really want to talking about, which I don't think is ideal is your last paragraph, which you made mentioned of buying and selling, hoping to buy back when their is a decline in price, I think that is what traders do, so if you start doing that, you are no longer an investor, but a trader, and am quite certain that you can't build generational wealth like that, because the only way of achieving such result is to hold for a very long time.

Lastly, I also want you to understand that once you start selling gradually and start taking small small profit from you holding, hoping to buy back latter on, you wouldn't be able to develop a stronger hands again in your holding ability, because you would be always tempted to sell at any slight increase in the value of Bitcoin, which is definitely not ideal to build a generational wealth.