If you look at my chart My target is bitcoin going to retest previous support at 63-65K level and then BTC should break the 70-73K level and goes to 75K and from then if bitcoin can manage the price at that level then 80K is my closest target
I'm not quite good at reading charts but what and so I might not really understand what the chat implying but I'm curious to know, what happens when Bitcoin gets to $75k? Would you sell your holding and hand you even bought enough Bitcoin to possibly sell at a new ATH? Would it make any difference if we see Bitcoin at $75k anytime soon? In some way, I don't take any speculation that talks about Bitcoin getting just some few steps above the last ATH before a particular timeframe seriously. It most times appears as though the speculation is a mere guess that's just made with little practical analysis.
If the price hit $75k in the market, there are some people that will sell to make a profit, but there are some people who will not going to sell even though the price hit $75k or $80k above because their major target is $100k above which i know their hodling will not going to be in vain when the price hit above their target. If you have the opportunity to buy BTC and hodl, you will be nterested in speculation because there are some things you will hear or see with your two eyes to know that there is a massive opportunity that is about to happen to BTC price that will make another ATH to flow for hodlers to earn more profits.
so the best way to go about it is to try to increase the stash of Bitcoin you have by buying through the DCA accumulating strategy, then set a timeframe on how long you will hold, because since we are still in the early stage of Bitcoin, their is a higher probability of Bitcoin doing 5x to 10x between seven to ten years time from now, so in essence is that too much focusing on the price of Bitcoin or speculations is not healthy, if you really want to hold strong.
Yes, it is true that the more the investor will destroy the time with the Bitcoin price, the more he will be left behind. There are some investors who can not hold their emotion due to price correction or reduce the price they failed to accumulating Bitcoin. If an investor cannot set his goal, he will certainly not be able to reach his expected level. Those who imagine a far -reaching with Bitcoin give the more importance to the accumulation but not the price. Long time happiness can never be realized in short time. Long term holders definitely will get that opportunity. So focusing on the accumulation will be the staircase of success.
It is true that the only way an investor can succeed when it comes to investment especially Bitcoin investment is by setting his goals, however succeeding after setting your goals depends on the kind of goals you set, if you set a good goal you will succeed but if you set a bad goal you will fail.
Now for a newbie into Bitcoin investment you need to set a right goal so that you can succeed in Bitcoin, for example Hodling for a long term, and having a backup funds such as emergency, reserve and float fund.
If you engage in or set a wrong goal you will fail along the line for example engaging in Bitcoin trading as a newbie and starting your investment without having a source of income.