Bitcoin is very bullish currently.
Not long ago, Bitcoin reached a new all time high proving its sceptics false.
Do you expect it is possible in 2024 for Bitcoin to reach 100k USD?
At the current price of Bitcoin, it seems that Bitcoin will not reach 100k dollars in 2024. Although most experts predict that Bitcoin will reach 100k dollars in 2024. But I also guess if the bull session starts in the market then bitcoin price can go upto 80k dollar in 2024 but more likely to reach 100k dollar in 2025.
I did believed that 100k would happen this year but there isn't that much time left and I am starting to believe that we are not going to see that 100k this year as well. That's why I think it's quite important to make a decision during a period like this as well. When you realize that it is not going to be as high as you think in the time period that you think, there are two things that you can do, either you can just sell and wait for a better time to get in, which is not the way that my mind operates and I would not do that but I understand people who may do that.
The other option is that you could just get more and more because we know that it will not be 100k during this year, but we still think that it can be 100k during next year, which means that this year we could get as much as we can afford to get and that would be the best thing for us.
If you could end up making that much money and end up getting as much bitcoin as you possibly could, then you are going to end up with a profit and you are going to end up getting great results. We should consider that it would be something that will benefit us, it is not going to mean that much different and in the end we can make this work.