Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy Buy Buy or Sell Sell Sell?
by
Justbillywitt
on 31/08/2024, 15:49:36 UTC
⭐ Merited by JayJuanGee (1)

Thank goodness that you considered Bitcoin when it was $100, it was even better for some people as they purchased the asset at $32 or lower, you can imagine how much these people have gained already, it's just insane, they are the true lucky ones. But at about $60,000, if we are sincere with ourselves, can the gains be like before? Certainly not. The price is already high and so is the liquidity needed to push it higher in multiple folds, and where the liquidity will come from is what I do not know, let's be realistic.

I regretfully copied the majority on keeping my Bitcoin endlessly but I've stopped that having realised my wrong and now face the reality of the Bitcoin market. No doubt, Bitcoin is a progressive market but it will take time before achieving the huge price that many believe it will hit. It will take as long as decades at times. The asset is now in the mainstream of the financial market where banks and huge institutions are interested, this alone will force Bitcoin to behave maturely unlike when the unknown faces called whales are almost completely in charge. Going forward, to profit in your Bitcoin needs smart investment, just let your trading chart and the global economic realities guide you.

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The asset is now in the mainstream of the financial market where banks and huge institutions are interested, this alone will force Bitcoin to behave maturely unlike when the unknown faces called whales are almost completely in charge.
But unfortunately for them bitcoin is not a centralized asset, so they don't have power here. Bitcoin is decentralized irrespective of how many banks or financial institutions that are aware of bitcoin they can't do anything to hinder the potential growth in bitcoin, I this is one aspect that you are forgetting. What possibly do you think that the banks or financial institutions will do that will make bitcoin not to grow as it was supposed to? Mind you the banks and those financial institutions were already aware of bitcoin for more than a decade now, when bitcoin hasn't gotten to this level in terms of growth in price and adoption. Or do you think that the banks and those financial institutions are just finding out about bitcoin recently? The answer is no, so fuck the banks and financial institutions.

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I regretfully copied the majority on keeping my Bitcoin endlessly but I've stopped that having realised my wrong and now face the reality of the Bitcoin market. No doubt, Bitcoin is a progressive market but it will take time before achieving the huge price that many believe it will hit. It will take as long as decades at times.

It has been said many times that for you to see substantial profit in bitcoin you have to hold it for a long term, and I don't think long term investors has any problem holding bitcoin for decades. When we say long term it could be we ain't just talking about 2 years or 5 years. So if you don't have this mindset of holding for decades and make up your mind from the onset, you will be disappointed along the line. And I think this was your case. You probably came into bitcoin investment with the wrong mentality of cashing out big within a short time, but when it didn't go your way you felt bad, hence your regret of coping the majority of investors who believe in long term hold. Probably the person who introduced you to bitcoin investment did not give you the right orientations about bitcoin investment when you were still new to bitcoin investment.

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But at about $60,000, if we are sincere with ourselves, can the gains be like before? Certainly not. The price is already high and so is the liquidity needed to push it higher in multiple folds, and where the liquidity will come from is what I do not know, let's be realistic.
You are just talking base on your own perception about bitcoin. Don't try to limit bitcoin base on your own environment or regional economy. When bitcoin was $20,000 many people said it was too high and so many other things. Asking similar questions as you are doing right now, about liquidity inflow that will keep pushing the price forward. But today we are here and still I find it shocking that you are still asking about where the liquidity inflow will come from. Well to clear your curiosity, the same ways that the liquidity came from that took bitcoin from $20k to over $60k is the same way that more liquidity will come from, and it will take bitcoin to higher price in the future.