Quote from: reefsea on September 15, 2024, 10:01:47 PM

Quote from: Ambatman on September 15, 2024, 12:08:26 PM

Quote from: Popkon6 on September 15, 2024, 01:47:35 AM

Quote from: Jewan420 on September 14, 2024, 05:45:21 PM

$100k is a target level for most bitcoin holders. Bitcoiners are waiting with keen interest to hit $100k. It is expected to be in late 2024 or early 2025.

I couldn't agree more with you, as you mentioned here every investor expects Bitcoin to hit $100k. But what about those who have been holding bitcoins for a long time in DCA method, will they sell bitcoins? I'm not saying they won't sell bitcoins. Because the price of Bitcoin is not limited to 100k dollars it will likely increase several times more. So don't mislead new investors with posts like this, those who are new to investing in Bitcoin DCA method will panic.

You generally look at 2022 where the price of Bitcoin was at its lowest point and since that time those who started holding Bitcoin in the DCA method have had the highest amount. So investing in Bitcoin must be done risk-free, and avoid creating confusion among new investors.

I can't start quoting popkon6 and jewan 420 so would just reply together.
First @jewan $100K is not the target of most holders.
It's the target of most traders.
If they do panic, then it means they ain't in it for the long term.
Everybody talks about $100K, because it is the first figure Bitcoin has to get to that it would enter the 6 digit figure group.
That's like a milestone
Same would said about $250K,$500K and even a Million.
We are on our way to $100K doesn't mean that's our destination.

That's right, if bitcoin reaches $100k tomorrow will they be satisfied, I don't think so because bitcoin holders are more practical in prioritizing Bitcoin ownership compared to its price. Although it is contradictory, only a small number of people disagree. Having bitcoin is like having a very bright future because fiat will easily experience inflation and bitcoin will not. Bitcoin will change the world when it reaches $100k but we cannot change ourselves to be happier if we continue to delay buying Bitcoin.

Most of the people who expect bitcoin to reach $100k don't have a good portfolio either. They are putting themselves at risk in hopes of a small profit rather than holding Bitcoin long-term. I think people who panic at $100K are probably short-term traders, not long-term investors. Because dollar-cost averaging (DCA) always reduces investor volatility and encourages long-term holdings.
People who act like Bitcoin traders basically scare away new investors or new holders. New investors or new holders should not wait for Bitcoin price to hit $100K but rather, hold long term following their DCA method and expect 6/7 digit price.