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.
First and foremost I commend you for the decision you have taken not to be discouraged irrespective of the price of Bitcoin at all time that's to say that you already believe that the better way to wait for the time that Bitcoin will reach 100k is to keep accumulating to build a bulky portfolio before the time comes, this should stand as encouragement to those people that are still doubting the process, as bitcoiners we should always be optimistic, although there is poosibilty of Bitcoin settling in 100k at anytime thats why the major concentration of every Bitcoiner should be centered on continous and consistent buying of the asset, the little they can as we all await the much anticipated price, we must be prepared so as not to be left out.
Exactly mate, the way and manner people go about this trading of a thing, one will think that they already know the aoutcome of every trading session but as far as Bitcoin is concerned, fluctuation which is volatility is a natural thing for Bitcoin so no matter how good people think they are in trading, they must lose and sometimes this losing even takes place when a trader thinks he or she has mastered trading skills, I will always say that trading is like gambling that has unrealistic end and it is not part of the long-term holding of Bitcoin investment, trading is for shortimers so for me it not advisable for a newbie to embark on such journey because it may lead newbies to stop their investment half way as a result of loss or feeling that if he or she invest in Bitcoin for a long-term, the same thing might also happen, the best approach for anyone in the system or intending investors is to keep buying slow and steady as much as they can at all time irrespective of the price to avoid being discouraged.