Post
Topic
Board Speculation
Re: Road to 100k?
by
Promocodeudo
on 18/09/2024, 09:17:53 UTC
Bitcoin is currently valued at a little over $57,000. A few months ago we observed that Bitcoin was at $65,000. However, Bitcoin's stability is much stronger today than it has been in the past few years. The time ahead is expected to see Bitcoin's new ATH take place and Bitcoin will reach the peak of the bull market and we can expect Bitcoin to reach $100k by 2025. Because we can see that nowadays the popularity of crypto currency is increasing day by day and people are getting into it. I think that gradually everyone will become more aware of this and they will become more interested in trading or investing in Bitcoin.

The price of bitcoin will definitely increase but as it increases you can participate in bitcoin investment. Because if you don't participate in Bitcoin investment, you will not get any benefit if the price of Bitcoin goes up or down. So since you are new then surely you can participate in bitcoin investment and use DCA method in it. If you hold Bitcoin for a long time with DCA method you will be ready to get more benefits, only DCA method is quite useful for both new investors and old investors. Low risk and high profit is possible only through Bitcoin investment, so you should follow DCA method in Bitcoin to keep you investing in Bitcoin and keep it for long time.

Do not underestimate the lump sum strategy and the buying the dip strategy by saying that the DCA strategy is the only useful method of accumulating Bitcoin for both new and old investor, you are simply saying that other methods of accumulating Bitcoin is useless that is wrong mate all the method of accumulating Bitcoin is useful in one way or another investor chooses to make use of the method that works for him.

The reason why the DCA strategy of accumulating Bitcoin is mainly use by investor is to help them accumulate more Bitcoin little by little regarding of the price weekly or monthly and hold and that doesn't make other methods of accumulating Bitcoin useless because they are also working for other investors.

I think @Popkon6 was trying to say that the DCA strategy is the most convenient and easy going method for both newbies and existing bitcoiners to accumulate bitcoin in other to build a bulky portfolio for a long-term benefit,  I agree with you that no method of accumulating Bitcoin is inefficient but it all depends on what your pocket can afford, the DCA mathod is meant for everyone but the lump sum strategy is for the rich or people that has the ability to buy in large scale although this set of people can also decide to buy anytime too but their main targeted time to buy is during the dip but for investors using this DCA method can buy slow and steady conveniently with what they can afford overtime  without any form of stress or obstruction whatsoever irrespective of the price at all time and continue hodling for a long-term profit.

For sure there is no method of accumulating Bitcoin that's not good but it all depends on what an individual investor wants or can afford at a time being, as far as Bitcoin investment is concerned it is advisable for an intending and existing investors to choose a suitable and sustainable investment method for themselves, so for me it is a matter of choice and making wise decisions thats is capable of keeping you relevant in the system without having the mindset of withdrawing your asset because of your inability to sustain and continue your accumulation process, you should understand that that bitcoin investment is for a long-term purpose and that's why it's not advisable to make decisions that may ruin your investment goals and plans.

Yea I believe the lump sum method is definitely working for some persons as you said but as a matter of fact I also know that some people using DCA method to accumulate Bitcoin can also buy Bitcoin in lump sum when their financial status has improved or may be when the find it necessary or convenient to do so, in conclusion both investment strategy is perfect but one is convenient for all investors.