Quote from: SuperBitMan on August 17, 2024, 12:44:30 PM

Quote from: JayJuanGee on August 16, 2024, 04:31:07 PM

Quote from: DubemIfedigbo001 on August 16, 2024, 12:58:44 PM

Quote from: Odohu on August 15, 2024, 05:15:28 AM

Quote from: adultcrypto on August 14, 2024, 06:47:19 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!

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.

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.

I once told my friend that I am happy that the bull run is yet to commence and I pray it takes a while longer before it finally arrives and he got mad at me for wishing us bad luck as he said, but he was not seeing things in my own view. Now my reason is very simple that I have not accumulated my target quantity before bullrun and I'm not assured on getting the target quantity for the year if the bull run starts early since when the price is higher we tend to buy lesser quantities for higher amounts, hence my wish for it to be delayed a bit and it seems things are playing out in my favour.

Our main target is portfolio increase right? and not pricing, so it's left for us to continue increasing our portfolio with the seemingly low prices we see today as we are not promised of good prices like these during or after the bull run. It would really take me until the end of the year to accumulate my targeted quantity if the prices does not surge above $70k in my calculations, so I have been wishing and believing that the bull run should calm down until beginning of next year, forgive me for being selfish Wink

. we always wish for favorable conditions right?.

Of course, everyone is at a different stage of their BTC accumulation journey, so if you have recognized bitcoin as a good investment, it could still take you years and years and years to establish your position, especially if you don't already have an investment portfolio or other places in which you can draw value in order to attempt to front-load your BTC investment.

An overwhelming majority of the world's population does not tend to invest, so building any investment can take time for anyone new to investing.

Surely, any of us who understands the position of a relative newbie investor will appreciate that it can take quite a bit of time to get to some kind of a comfortable BTC accumulation status.

For sure, bitcoin does not give any shits about you, and you cannot really stop it from going either up or down, even though many of us already appreciate that bitcoin is likely on an upward price trajectory, so if you are able to recognize the opportunity to buy it and to accumulate it, then you are likely to be better off engaging in that accumulation sooner rather than later, and frequently you are better off to accumulate aggressively, too, even though there surely are not any guarantees that your accumulation of BTC will end up paying off as you expect.

If you don't take Bitcoin as your source of income then you have solved one thing that will hinder your Bitcoin investment journey, we all know that Bitcoin has grown very high in price now and if you don't have huge amount of money to buy in lump sum it will take us many years to accumulate enough Bitcoin, if you are working and getting paid very well you can accumulate and hold Bitcoin for many years and you won't be disturbed.
If you have a good job and you are getting paid very well you can accumulate and hold Bitcoin for 20 years or even more, if one is consistent with his or her accumulation and you continue for 20 to 30 years you will have a good number of Bitcoin accumulated to yourself and you can choose to share it among your children.
Everyone has the ability to accumulate enough Bitcoin it will only take you time but one can achieve it.
Bitcoin should be seen as an investment and not as a source of income those that sees it as an source of income can't have patience to hold for long.

Please don't get aggressive in your Bitcoin accumulation without having a backup funds, some people get aggressive and forget they have things to settle at home and when they realize they end up dipping hands into there Bitcoin investment, for me I'm still building my Backup funds along side with my Bitcoin if my Backup funds are strong enough I can now focus on my Bitcoin accumulation and I can decide to become aggressive in my accumulation.

I think this is the part were people get it all mix up some people think bitcoin is a place of investment were you up jump and throw some funds into and come back some week later to see double of it, I will say it a very wrong information the way I see bitcoin I feel is a strategy were you keep accumulating without have any Financial inconveniences and been forgotten not having any Financial need of it you just get add and add.

And also most newbie are already getting use to this they said since bitcoin is a pump and dip investment when needs arises at that time when the market is smiling they use this excuse to sell their bitcoin and said once their in a better financial sand their going to buy back which 60% of this statement is not truth, to me I feel bitcoin investments when been brought one should not go back to sell it for now you should just keep adding.