Quote from: Olatundespo on Today at 03:38:04 PM

Quote from: fredericktaylor on Today at 10:08:16 AM

Quote from: DOH! on September 21, 2024, 01:37:22 PM

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.

I feel like we have so many expectations this year. We are already running out 80% of the year and are still far from the 100k expectation. Right now I can say fuck that $100k price. As long as we are still buying knowing full well it will surpass that price in the long run I am fully satisfied. So, dont get confused about the period we are facing now in Bitcoin. It isn't any bearish period so that you know.

It is going to be interesting to watch how in the end things will later unfold. So instead of timing the market for a bearish period which is tricky. It is better to stick to the strategy we have been using to accumulate so far. Three months left to the end of the year and an investor is still whooping around hoping to get a perfect time or to be assured about the price reaching 100k. Let's see how it plays out for those who are waiting for the price of Bitcoin to start going up to 70k and then 80k so that it will serve as an assurance that it will reach 100k. I know there are a lot of investors who will fall into this category.

Quote from: Promocodeudo on Today at 04:13:22 PM

In as much as am not against whatever part of Bitcoin investment anyone chooses to be involved with, I think is better for people to have realistic plans and set goals before going into Bitcoin investment fully, it has been said here severally that there is high chances of traders losing their capital totally in a trading depending the amount they use in a particular trading session, for me there is peace in Bitcoin investment if one understands the way to go about the investment itself than trading, the difference is clear, it has been proven overtime.

Traders deeping their hands in their asset as you said is just like petting the statement for them, there capital and the investment itself will come to an end if they don't retrace their steps because of addiction, trading has an addictive concept like gambling thats why when a trader lose he or she believes that there is something he didn't get right at the first time, they continue going until nothing is left that's when they will rest by then nothing is left to go back with, this kind of people will later start seeing bitcoin investment as a trap when they already know that they are the cause of thier problem, so as an investor I know that our decisions are personal but I believe that it would have been better for us to concentrate on accumulating Bitcoin with the method thats easy, less stressful and efficient with the little we can without minding the price at all time to build a bulky portfolio overtime and hold for a long-term instead of trading to look for quick profit which is short-term mindset which is not the major plan for Bitcoin investment.

Some people embark on a deadly journey unknowing to them, although its as a result of ignorance or quick profit mindset, how would one feel or think that he or she is going to make a bulky portfolio of Bitcoin by trading? For me that's a deceitful mindset because the probability of it happening is very low because once you are trading there are two things that must come to your mind and that's loss or profit, one of the two has more chances of happening and that's loss, having said all these, the decision is ours to make but if am to advise anyone on the aforementioned, I will say he or she should invest with DCA method since it gives every investor the opportunity to investment with what they can afford to invest gradually and continuously until they reach their limit and hodl for the future.

Absolutely. At the end of the day every investor who take responsibility for their actions. If addiction were to be taken seriously then an investor should get addicted in accumulating Bitcoin with his strategy rather than tapping into his Bitcoin for trading. Sometimes investors just get carried away and deviate from the lessons they have learned so far. Quick gains are the problem of why they become ambitious instead of focusing on the goals they set before time.

Investment should be done with our own space and financial strength. All fingers are not equal, so I dont expect another investor to keep buying a certain amount consistently when he is financially down. If that is the case an investor can cut down his percentage for buying so that it will leave him in a tight situation where continuing the investment will be impossible. I know there are hard choices to make along the long due to life events that may come knowingly or unknowingly. For safer reasons, it has been said here countless times that keeping savings or emergency funds consistently even as we invest will be the solution.