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.
I completely agree with everything that you have said especially where you made mention of focusing on the accumulation rather than the price which is meant to be a logic and a watch word for every long term investor, perhaps it is Bitcoin we are talking about, a growing asset class that is best of it's kind, it is better to accumulate or store wealth that you or your generation will enjoy in the future rather than chasing a few dollar profits, the truth must be told that Bitcoin is best performed when viewed on a long term perspective, and anyone thinking less of Bitcoin is only being short sighted.
Damnnnnnn I don't believe that my post attracted a lot of people here but here is the thing
@Yucky if you bought bitcoin below 50K most the people might gonna take profit a little bit when hit 75K because its already reach All Time High
and I pretty much agree with all above me if bitcoin reach new ATH a lot of people gonna take profit there is some people that bought bitcoin at 69K back 3 Years ago it is time to take profit. But when you already enough with taking profit there is possibility that that people are gonna start do DCA again in future when there is a correction in price