Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Road to 100k?
by
Odohu
on 15/08/2024, 05:15:28 UTC
⭐ Merited by JayJuanGee (1)
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!
I understand the market condition have made so many people to doubt the $100k target but I will not conclude that it will not happen again because bitcoin is a volatile assets that can surprise everyone if it really want to move. If there is a positive news that supports a bullish momentum, don't be surprise if bitcoin take just few weeks to reach the $100k target.

However, it is not always about bitcoin reaching $100k that should matter to us but what we are doing now and what will will achieve when price reaches that target. Are we making good use of the opportunity that is available in the market? This are more important things that should be our concern more than seeing bitcoin at $100k because this price will always be achieved in a matter of time.
You have made a very important point in your second paragraph and that I agree with too because I feel bad seeing people frustrated as Bitcoin price has not reached 100k yet. Such display of emotions are not necessary because they make us forget the main focus which is to own Bitcoin for the longest possible times. The 100k price we envisaged should just be for fun and a way of motivation that Bitcoin have hit six figures. It's not supposed to be a source of frustration as if we plan to sell off at that point because the goal for me is to HODL and pass most of it to the next generation.

Therefore we should not relent in collecting Bitcoin now that we can get it at lower prices. There are several things that can make Bitcoin go astronomical so it would be bad if that happened and we are not well positioned to enjoy the ride after having the opportunity and privilege of knowing Bitcoin early.

Personally, I feel happy for the market behaviour this year because I'm really taking advantage of the opportunities offered by the market. I know a lot of people also doing same while fantasising about Bitcoin reaching 100k.