Post
Topic
Board Speculation
Re: Road to 100k?
by
Barikui1
on 21/07/2024, 07:32:34 UTC
I think more time to accumulate will occur this year though it seems we wont be going back to the lows of the year, thats been rejected a few times.  I do think it takes some time to get past 70k and properly move beyond.   The real time to buy was either in the teens or when we were rising from there, it required more confidence to do so.   Right now we've been stuck in a range for 6 months, most tempting thing is to buy the lows of that range and sell the highs hence it repeats.

It really seems you are getting the whole idea in this thread wrong, and talking of the words I made bold in your statement, it's actually true that the price of Bitcoin has been in a range for quite sometime now, which is very much visible for all to see, but this your buying low of that range and selling the high once it repeat is actually for traders, not investors like us.

I believe that buying low and selling at any slight increase in price of Bitcoin is mainly for traders, and sincerely speaking, that strategy wouldn't take you anywhere, and it's nothing compared to what the longer term holders stance to gain in the nearest future.

So in my own perspective, due to the fact that we are still in the early days of Bitcoin, and it robust potential that it has, the best way to go about it is to buy Bitcoin through the DCA accumulating strategy regardless of it current price, and hold resiliently for like 7 to 15, with that kind of strategy, you can be able to build a generational wealth overtime, but this your buying and selling any slight increase in the price of Bitcoin is a no no too me, that is mainly for traders, not for investors like us.