We have seen Bitcoin reach 70k USD and it even reached a point of 71k briefly. We are seeing history being made right here with the new all time high being set once again and it is happening even before halving.
I have high expectations that bitcoin will reach 100k but will it reach 100k without any major decline in price? Does it seem realistic that from 70k, bitcoin will continuously rise up?
we are all expecting this to happen but seeing the reality ? better accept it that we are not getting what we are expecting this year alone .
The earlier we understand that Bitcoin doesn't move according to our thought or how we expect it to... The better for us and this is why most people loss money by trading it when they knew that Bitcoin is very hard to predict. I know most persons are still surprise why Bitcoin price hasn't surpass $80k till now and this will make a lot of people to be on pressure, discourage and start developing some doubt about Bitcoin possibilities of taking an uptrend. Whether Bitcoin crosses $80k this year or not I don't care, my concern is to increase my portfolio before that time comes because if I should look at the current condition of the market I maybe discouraged and I can't subscribe to that, I hope everyone focuses on how to increase their portfolio and stop emphasizing about Bitcoin reaching $100k as that can distract some newbie.
why people lose money in trading bitcoin is as result of lack of understanding, when you understand the procedures of Bitcoin trading you will not lost, so many persons that involve themselves in cryptocurrency trading need to learn the trading very well, I think that one of the things that makes us to lose is when trading is due to lack of understanding, but if you pay attention to understand the work you will not lose, trading requires more understanding more information to carry out your functions in trading, so I believe we have to understand such before we go into trading.
Understanding about what exactly? Is it the market fluctuations or understanding the signals and the indices? There is absolutely nothing like not having a good understanding about trading because even those that have gotten understanding and experience about how trading works don't they run into losses again? The reason why we should not care much about trading is due to the stressful nature of trading and cryptocurrencies are very risky assets such that you can enter into trading them and due to their high volatile nature it might not actually go in your direction so there's no understanding that can make someone a better trader rather than dealing with their emotions all the time.