Quote from: avp2306 on August 14, 2024, 01:39:16 PM

Quote from: AirtelBuzz on August 14, 2024, 05:04:16 AM

Quote from: GigaBit on August 12, 2024, 03:23:46 PM

Quote from: CoinFoxs on August 12, 2024, 02:56:21 PM

The thead was started in March and it’s been almost 6 months but bitcoin still trading between 50,000 USD to 60,000 USD so to cross 100k USD milestone for btc seems difficult in this year because the world is facing economic crisis. May be in next year this milestone will achieve by bitcoin!

You may right in your prediction. In this concern I think if something is easily achieved we often fail to appreciate it. When Bitcoin was in a long run between 25k and 29k a few months ago, there was an expectation that the market would do well if it rose to $40k. There was a bit of delay but Bitcoin crossed $40k and quickly crossed the previous all time high which didn't take much time. It was hard to imagine that Bitcoin would reach that stage so quickly. But we have been expecting Bitcoin $100k for a long time. But getting to $100K of Bitcoin won't be easy. I don't know if it will happen this year, but maybe a big bullish trend will start after the next election. But we can be sure that the longer it takes for Bitcoin to hit $100k, It will be more stronger.

We don't know when the Bitcoin market will touch $100k dollars but we can only predict that it will reach this mark in the future. As per your example I would like to say that when bitcoin price was under $30k dollars no one could have imagined that bitcoin price would rise so high and even touch all time highs (ATH) But that was made possible by the rise in the price of Bitcoin. For those who still think it is impossible for Bitcoin price to reach $100k dollars, it will be possible that's what many crypto analysts think.

Currently we are going through a dumping season in the market maybe from here the market will turn bullish again and Bitcoin will reach the target price that everyone is predicting. We have seen an upward trend in Bitcoin price after each dumping. Maybe a few weeks ago we saw the price of Bitcoin drop to around $50k from where the market rallied and crossed $60k again.

Bitcoin experiencing a dump which I think a normal phase in the market since its unrealistic if we always see a pump since that's not possible at all. Although those price dumps exist then people should look at it as opportunity since if they know how to adapt in those situation provably that they could potentially earn more money if they can acquire more balance from those past dumps happened. Right now it already cross at $60k again and this is good indication that bitcoin still doing good this year.

I tend to buy as much as I can when Bitcoin is dumping because I know its value will recover very quickly. Those who tend to increase their holdings should increase their buying at sinking prices as the price rise in the market can happen at any time. We should hold long-term holdings to avoid the risk of dragging down our portfolios with volatile assets that allow Bitcoin to continue to grow over time and potentially increase profits.
Yes it would not be advisable for a bitcoin investor to expect profit in the first instance he should tend to accumulate as much as he can because short term investment or trading or expectation of profit is likely to result in huge loss of profit. You structure your investment and continue to try to increase your holdings and tend to hold until the Bitcoin price hits $100k rather than waiting for a certain period.