Re: Road to 100k?

I also agree with you, no one can make sure prediction of Bitcoin. Bitcoin changes direction at its own will. There is no guarantee that Bitcoin will actually go to 100K by the end of this year, but there is some possibility of it in the next year. But we can't say anything for sure. So we have to be prepared for both, because the market can throw unexpected events at any time. So do not rush to invest for the purpose of long term holding. Suppose you decide to hold the investment for a long time, and whether the market conditions are up or down, you only need to focus on holding in the DCA method. The market will not always be bad. Now if it is dumping then there is no reason to fear, it will pump again, and to take advantage of that pumping you simply have to buy the time of the dump. Not only dump this but you have to buy regular using DCA. then you will find something really good at some point.

You're right, until now we have not found someone who can accurately predict when the price of Bitcoin will increase at the end of this year or next year and I agree with you choosing to prepare yourself, of course, it will be better to continue to focus on the process of accumulating Bitcoin assets according to the ability we have to be able to survive in the long term and choosing to use the DCA method in the process of accumulating Bitcoin, of course, will always be benefit us when we can maintain these assets in the long term.

When you said someone have not accurately predict the price of Bitcoin yet seems you have forgotten that Bitcoin is a very volatile asset which makes its prediction so hard, that's why most traders incur loss due to inaccurate and wrong analysis. Secondly, predicting the market sometimes can be discouraging and it can also bring negative vibes if it doesn't go as predicted and since we are not traders it won't be necessary for us to be worrying about market prediction rather we should focus on making our portfolio.

We're on the same page bro and that's why I made that statement cause I'm already aware that volatility makes it uneasy for one to accurately predict the price of Bitcoin at any point in time, one can only speculate and sometimes it may come correct as speculated, that is to say that anyone could be lucky when it comes to predicting the price of Bitcoin. Well it's normal for humans to get discouraged when things doesn't work as planned but when it comes to Bitcoin investment, people she be discouraged when their analysis doesn't favour them

I don't know why you'll are very much bothered about speculating prices of Bitcoin and getting disappointed as the case may be, we are not trading here, so we shouldn't be much bothered about the prices. Do you really call yourself an investor? well if you do you should be bothered by having not accumulated enough amounts like your target specifies instead of the price volatility.

Every genuine Bitcoin investor in his accumulation journey should employ the 80 - 20 principle which states that you should spend most of your time doing the little things that brings higher productivity. Relating it to Bitcoin accumulation journey, investors should only be busy buying more and looking for ways to increase on their accumulation amounts for better profits at the long run. Focusing on the volatility of the price has a way of demoralizing the investor, so it's better you put your time and energy into accumulating enough to reach your target because you and I know so well that the more stashes of Bitcoin you've, the better profits you make after a long term

Exactly, disappointments about the price of Bitcoin should only be of concern to traders and not someone thinking of a long-term investment on Bitcoin, that was the point I was trying to make earlier on, infact anyone thinking about Bitcoin investment should be prepared for long-term goals else you're not even ready to invest because you'll keep getting disappointed cause volatility must occur which means the price must drop as well as increase therefore the target should be on accumulating as much as possible with different strategies. However, trading should not even be considered as a strategy of accumulating Bitcoin if an investor is thinking long-term, since the investor could risk losing what they have if not all they're holding in their portfolio. I'm pretty sure most people would want to consider trading as some means of accumulating bitcoin based on the 80-20 principle but anyone who would want to consider it should perish that idea cause the risk factor is much more higher and like I stated earlier an investor could lose all they've been working hard to accumulate all in the name of trying to accumulate more bitcoin through that means.