Post
Topic
Board Speculation
Re: Road to 100k?
by
Ricardo11
on 17/09/2024, 05:58:18 UTC
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. If they hold long term following the DCA method, they will definitely benefit.
Bitcoin's DCA is sure to benefit every investor in the long term, an investor should use DCA and hold for at least 2 to 3 cycles, because in each cycle Bitcoin increases a lot, and if one invests for the long term and If he keeps investing regularly and holds for 2 to 3 cycles, he can definitely acquire a very large portfolio. So the more holdings for beginners, the stronger their investment and financial independence will be, and they will definitely become financially influential in the future.