Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Road to 100k?
by
Jewan420
on 08/09/2024, 04:41:39 UTC
⭐ Merited by JayJuanGee (1)
The price of bitcoin can experience price drop at 40k and it will be under probabilities for the price to crash to the extent of going beyond 30k and 20k, if such happens many people will be disappointed at bitcoin investment and investors will not allow such thing to happen, because if bitcoin mistake fall drastically many people will say that bitcoin is a scam and that will damage the images of bitcoin, so from my understanding of bitcoin and it's values I don't think bitcoin the price will drop more than 50k, because since we experienced 70k in price and the price keep on fluctuating it never pass 50k below in price.

Can't we currently focus on buying instead of focusing on price? Of course I can. My question is why are you concerned about value in long term investments? Are you not a long term holder? I don't care how you would react to that. I think once you've committed to the long term and started saving, keep saving friends, don't make your goals shaky by focusing on value. This is detrimental to your investment.

You should have only one goal, I need to buy certain amount at certain time. No matter what the cost. Sometimes you buy less bitcoins at higher prices and sometimes you buy more bitcoins at lower prices. That's the beauty of DCA, the only effect of price here is that it gives you more/less profit. But it is almost certain that you will benefit in the long run. So don't worry at all about the price of Bitcoin. If the price drops, see it as an opportunity to make more profit.