Re: Road to 100k?

There are plenty of newbie bitcoin investors who are already accumulating bitcoin in the past recent years who are ONLY able to buy so much bitcoin per week, and so they will still be accumulating bitcoin once bitcoin reaches $100k and beyond.

There will also be plenty of brand new entrants to bitcoin who will be accumulating bitcoin at $100k and beyond, so there will be plenty of folks who had not been able to accumulate enough or close to enough bitcoin in the sub-$100k prices.

Perhaps thinking about accumulating as many BTC as you can in sub-$100k prices, but don't be deterred from ongoingly accumulating BTC whether BTC prices are even supra-$100k, especially if you are still in your BTC accumulation stages.

This is interesting to talk about and what you have said so far is not far from the truth. However, it is important that we understand that the past performance of Bitcoin wont indicate the future results. The decision to continue buying Bitcoin even after accumulating a good amount is an investors choice. An investor may have buy at a cheaper price months ago and still choose to buy more in the next two years without minding the price difference. To some investors there might be need for diversification based on an asset that might be a lot cheaper to buy back them or with potential like Bitcoin and it may be the choice of those investor. Am clear that the thirst for buying more Bitcoin doesn't quenches it increases more as time goes by.

It is true that Bitcoin's past performance will not indicate future results, but we can all see that so far Bitcoin's development has shown that the asset is very good to be used as an investment for the future and everyone who has collected a number of these assets will of course continue to collect according to their abilities and it is true as you said they never mind the price because they choose to maintain it in the long term to be able to achieve future profit targets and to be able to realize our dreams in the future, we must continue to collect these assets consistently.

I disagree with your first row of statement because the said past performance of Bitcoin is the reason why some people are still making profit in Bitcoin most especially traders, they use the past performance of... Sometimes to carry out their analysis and also use it to device strategy perhaps the right statement to use should be that " some Bitcoin past performance can not indicate future result yeah" because some can not..., But you shouldn't generalized it because it's not true.

Maybe they are gaining profits from current performance by bitcoin but the question is are they sustainable? There's no guarantee on everything they do on trading so if you think they are doing good then maybe try to see their stats first. Although they are gaining but it doesn't give them any guarantee for consistent gains. But actually we can look at the past performance of bitcoin then make it as basis on our future action. There are lots of learnings to get there. Just don't stick your self on present actions since everything is good to consider if we think about investing on bitcoin.

Also it seems like you are still impressed about gains from trading, but for sure in future you provably realize that there are more better than that and its better to avoid or get out for trying your luck to gain something on any unknown matter brought by the risk brought by trading.