Quote from: Popkon6 on Today at 05:58:08 AM

Quote from: NicNacCoin on September 10, 2024, 11:03:07 PM

Quote from: btc78 on March 11, 2024, 01:47:04 PM

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 saw Bitcoin touch $70,000 and then settle back around $740,000. From around $74,000, Bitcoin dumped to $49,000. Bitcoin is currently between $56,000 and $57,000. But here we can see that Bitcoin did not go above $74k but definitely went down. But many have predicted that Bitcoin will be $100,000 in 2024 but I don't support it much but I do support that Bitcoin will be $100,000 in 2025.

Pumping and dumping the price of Bitcoin is normal, but if you pay attention to the price of Bitcoin around 2010, you will definitely see a very low price of Bitcoin. And it's usually a halving cycle with bitcoin prices touching $74,000 in a few steps. But those who invested around 2013 are largely successful today, and many who have been investing in Bitcoin for a long time following the DCA method are largely successful today.

At those early stage of Bitcoin investments, profit was more about investing earlier enough because earlier investors had the opportunity of buying Bitcoin at a much cheaper price even though they didn't use much amount to buy it. It was possible to buy up to 2 BTC within very few months even though you don't earn that much. You can afford to buy that much BTC because of how relatively low the value of BTC was and once you've done that and you've held your BTC till now or any where above those range of price, you're certain that you've gotten a good profit or at the least, you're comfortably sited at a good profit region. With little DCA or a good amount during bulk purchase, you can easily reach your goal in the past but that's no longer the case at the present that Bitcoin has gone this far and is somehow more stable than it use to be.

For now, because the value of Bitcoin has increased so far and coupled with the inflation that is affecting different individuals and causing them to face difficulty in buying BTC in bulk, the DCA methord is now the most preferable option and it's no longer easy to accumulate a good amount of Bitcoin within a short interval of time which is the main reason why long term purchase of BTC is now the most recommended methord of accumilating Bitcoin so regardless of the pumping and dumping and the slow movement of Bitcoin price above $100k, you can still use that opportunity to buy much amount ot Bitcoin and within the long term interval of 4 to 8 years or upwards, you should have built a reasonable amount in your portfolio.

Quote from: Popkon6 on Today at 05:58:08 AM

So the fourth halving of the Bitcoin price is over, now only waiting for Bitcoin to grow. But we usually don't have to keep the price of Bitcoin going up without investing, so it's usually only possible to hold Bitcoin for a long time by investing.

we don't have a role to play in what becomes of Bitcoin even after the halving. We just do our speculation based on past halving and draw a conclusion of what might play out at this time after the halving. It might get bullish in the last quarter of the year and possibly bring about a new ATH which will be a good one to end the year on a good tune. It as well might not exactly happen the way we're speculating but the main thing is that in preparation for all this possibility we're projecting to play out in the coming months, we're actually buying at these prices that's below the expected bull. Another thing is that depending on where you're currently in your accumilation journey, even if Thier is a pump today, it might not have an effect on you Honestly, would you even sell your holding because Bitcoin just got to $100k before the year comes to an end or that it breaks a new ATH? If you haven't reached your investment goal, whatever bullish trend we experience will only serve as a motivation to keep holding and never be an altitude we will look out for and decide to sell the little we've accumilated.