Post
Topic
Board Speculation
Re: Road to 100k?
by
Barikui1
on 31/08/2024, 06:29:39 UTC
This was the feeling I got when I had about bitcoin it made me thinking how could I invest in something that worthy about $60k
But time goes on I did learn about it how and how it was been sold in smaller part and units honestly speaking most newbies out there are still having same ideas about bitcoin, using my self as an example I wish I was not curious on how it works I could have loss interest in it.

In today's Bitcoin was below $60K and now it has also returned to that price range so you and other beginners can use an opportunity like now to buy Bitcoin and use it as a long-term investment for yourself and so on for other beginners. Because of the many discussions about Bitcoin that have been in this forum and that have been widely spread outside this forum, you should no longer be curious about how it works because historically Bitcoin has always been better after a price drop. So use this opportunity that is still there before you feel regret and remember it (the price of $60K) when you see the price of $80K in the future.
Currently, the price of Bitcoin is below $60,000 thousand dollars. Why would we recommend to beginners that you only be ready to buy bitcoins during the dip season, the best way to advise them is to be ready to buy immediately no matter what condition you see the bitcoin price in the market be it dumping or pumping even if it is long termPlan to hold. Yes, Bitcoin has historically risen after a dip in value as we have seen this year. For example in 2023 the price of Bitcoin was very low but come 2024 the price of Bitcoin has increased historically and created new ATH which was unimaginable by all. So it should be kept in mind that the price of bitcoins can rise anytime so buy bitcoins to invest whenever you get the chance so that you don't regret it later.
Yea, you are very much correct on this, because their is no better time to buy Bitcoin than now,  those that are waiting for the price of Bitcoin to dip more before buying will definitely miss a whole lot of buying opportunities, including the deepest part of the dip, because they might initially thought that the price of Bitcoin might dip further.

 so the best buying and accumulating strategy is the DCA accumulating strategy, because you buy and increase the stash of Bitcoin in your possession regardless of the price and by doing so you will definitely buy at every price interval and even the deepest part of the dip that someone waiting for the price of Bitcoin to dip before making a purchase might miss, so buying of Bitcoin regardless of it current price is the best way to go about your accumulating journey, and as long as you are a long term holder, buying Bitcoin now is actually very cheap, because due to the high potential of Bitcoin, it has the potential of doing up to 10 to 15x in 10 to 20 years time from now, so at this present day and time, buying of Bitcoin regardless of it current price is the best thing to do.