Post
Topic
Board Speculation
Merits 6 from 2 users
Re: Road to 100k?
by
Fuso.hp
on 12/08/2024, 07:49:35 UTC
⭐ Merited by bitcoin_mining (3) ,cryptoWODL (3)
The price of Bitcoin is constantly increasing and sometimes dumping is normal, if such dumping is to create opportunities for investors to invest, all investors can use these dumpings to make their money in the investment sector. So such a dumping in Bitcoin market is not really a matter of disappointment and it recovers again. But if you think from other angles, you will realize that such a situation is possible only with Bitcoin.  

So the price of Bitcoin will definitely hit 100 is very likely to happen later this year, this may be the last dumping of the bull run, from now on only the Bitcoin market will see improvement. And you start doing DCA method in this method money and bitcoin can be added very easily.

We may see temporary dumping and pumping in the market but we should invest considering the overall market without getting excited about this temporary dumping and not getting too excited about temporary pumping. For those of us who plan long-term investments, investment decisions may be very easy because at any point in the process an investor can invest. Many of us get upset when the market temporarily dumps after we invest, but we can think of this temporary dumping of the market as an alternative. 

Like I already have some amount of investment and after having that investment the market dump a lot then we should invest more money at that time because from that level of price when bitcoin will pump again but we will be in enough profit. 

There is no reason to think that investing will always make a profit because investing will not always guarantee an investor a profit. Many people invest in fixed time plans and there are some investors who invest based on the market value. As my plan is when bitcoin price hits 100k dollars I will sell my investments and in second phase reinvest in long term plan. I am getting many indications that the market will touch 100k dollars and I have enough confidence in the market that I will hold my bitcoin until the price of bitcoin touches 100k dollars and when I have money I will increase my investment.

If I can invest in this way and if the investment is consistent as per the plan then surely I will reach my goal.