Post
Topic
Board Speculation
Merits 2 from 1 user
Re: Road to 100k?
by
Moreno233
on 03/08/2024, 18:23:28 UTC
⭐ Merited by Bananington (2)
It seems our hopes to see $100k needs to be waits for more as the market is going down. We don't know how long this correction will stay in the market but we have a good chance to buy more amount at a lower price. This situation makes us to have more patience in waiting for the market to be back increase.
Waiting is part of the business so anyone who cannot wait will not be able to survive in Bitcoin investment. So, it is good to get the mind properly set on the right track with the understanding of the fact that investment in Bitcoin is a waiting game.  Whichever method anyone choses, be it DCA or buying the dip, there is some element of waiting and even when the Bitcoin have been bought, waiting is needed because holding is still part of waiting.

But don't panic when we seeing the market still going down for more because that will be temporary and it will increase. Hopefully, we will have other good time in the next week so the price can increases back.
I don't think it will be possible to know exactly when the price will increase because even now you cannot tell when the retracement will stop. Due to the difficulty in know where the market will reverse, I have decided not to bother myself with such things, instead I put that energy into making good use of the opportunity the market offers at every point in time especially at a time like this where the market moved from $70k to a little above $60k which is a $10k differential. This will represent a chance to get a substantial amount of Bitcoin at very low price. So the plan should be to buy it all the way down to wherever it will stop the decline.