Quote from: Yaunfitda on August 14, 2024, 04:19:37 AM

That's one thing for sure, accumulation is the key here and then we need to have patience as well. We have been accumulating since the bear market, and post halving, everyone might think that we should be around 6 digits by this time. But there are lot of things that can have negative effect on the price as much as there are positive effect. Just like the approval of Bitcoin ETF that really pushes the price to a new all time high. However, after that it seems that the price is into correction mode as we never get close to that price again. Nevertheless, the last quarter might be a big run for us and I'm seeing that we might see around $80k before the end of the year.

There is not a single door but there are four of them and accumulation is only one of the keys to unlock the first door. You already mentioned the other and that is patience. We need it in order for us to obtain the other key called HODL'ing. Last key to unlocked the last and 4th door would be is sell-off. Negative and positive effects or things are only normal and this is also the reason on why BTC is volatile but we can always use this to have more edge in the game. Correction is usually a temporary event but it's possible that it will then lead to another negative event (something like a mini bear) which we might still be feeling now.

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accumulation is the key here

It is only easy to say accumulate and many can have a hard time if which price they will truly enter. I think this is also the reason on why DCA is invented. Apart from knowing the correct price, capital is also one of the factors that can affect us in terms of accumulation. So some are not yet involved here and some are not constantly buying even at the bear market.

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and post halving, everyone might think that we should be around 6 digits by this time

At first, I find it odd when you say that people are buying in post halving but then I realized or remember that there was also a decline that happened that time. This shocks the public and make them feel disappointed because they also expect that BTC will really pump during it.