Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Road to 100k?
by
Olatundespo
on 23/09/2024, 15:38:04 UTC
⭐ Merited by fillippone (1)
The bull phase is taking over my mind and spirit. I don't think bitcoin will hit $100k before the end of the year because there is little time left, the market will need to break out of the bear market again, institutional money seems to be coming back into the market. Anyway it is a positive sign, if bitcoin can't hit $100k but hits a new ATH by the end of the year I will still be very happy. Get ready!!!
No one can say exactly when the Bitcoin bull run will start. But we have previously seen the history of Bitcoin since the end of the year when the Bitcoin bull run started, we need to use that experience. Not being able to utilize this ATH period is your own failure.  We need to accumulate bitcoins with extra savings so that when the bitcoin bull run starts, we all have some bitcoin savings so that no one regrets it. My long belief is that we can expect 100k by the very end of this year.
Rather than waiting for a bull run, you should be careful with your bitcoin deposits and tend to get more holdings by regularly depositing bitcoins. If you can base your investment strategy on assumptions, you should tend to buy more bitcoins in each bearish period. You estimate the price of bitcoin to touch $100k by the end of this year if so then bearish period is crossing at present which is around $62k and in next 3 months you can make huge profit and you should be in more buying.

But the advantage of Bitcoin deposits for low income people is that they can adopt the DCA method of depositing Bitcoins even if they cannot afford a single buy. It may not make much profit in the short term but there is a possibility of getting a bigger holding gradually.