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.
From my understanding through the help of this forum no strategy when it comes to bitcoin investment is free from lose, one can't say there's zero percent of risk in any strategy, when it comes to trading you can't say experience and understanding don't play a role in making one successful, I have a friend who is into trading after his training he started trading he was having more lose than wins but as time goes on he started winning or gaining more than he lose and he said experience helped him to get to that point.
You are wrong when you said there's no understanding that can make someone a better trader, you can't compare someone that don't know the basis of trading to someone that has a good understanding and knowledge about trading, those that has more understanding, knowledge and experience will always do better than those that don't have.
We all know trading is risky so as other strategy too, no strategy is 100 percent free from loss or zero percent free, and trading too those it's own part in Bitcoin so one can't tell people not to go into it one should only tell people about it's risk it's advantage and disadvantage let people choose there own part.
I am finding it difficult to understand what you mean by no strategy is 100 percent free from loss and I guess the strategy you are talking about are: lump summing, buy the Dip and DCA method. I think you are mistaking these mentioned strategy to trading strategy because the only period one can face challenge using these strategies I mentioned is when one mismanage their investment maybe investing what they can't afford to let go, not keeping reverse funds etc, can really affect an investor.
Experience is very important no doubt but when it comes to trading dude experience doesn't really work that much no matter the level or degree of experience you have in trading loss is paramount though it can help traders scale through so certain things that un-experience trader can't.