Quote from: Barikui1 on Today at 10:24:14 AM

Quote from: Popkon6 on October 01, 2024, 04:34:15 PM

Quote from: OgNasty on September 27, 2024, 08:09:10 PM

The road to $100K may be littered with corrections and doubt, but I don’t think there are too many of us who don’t believe we will reach it. I think the odds are actually far higher that Bitcoin hits a $100,000 price per coin in the next 12 months than it not doing so. It’s no wonder Blackrock is telling people to load up on BTC.

As the price of Bitcoin rises, we must participate in the investment, those who are still without investment in Bitcoin, participate quickly. Because the price of Bitcoin will start its journey towards the maximum speed from this October month, because the bull market is very close at the moment.
So in current situation we have to collect bitcoin based on DCA method if it is able to keep holding for a long time. And even if the Bitcoin market rises in these difficult conditions, it will save on the purchase price, which in hindsight can make a huge profit every time you buy Bitcoin.

Yea, I agree to the fact that the bull season is right by the Conner, so when the bull season comes, then what? Are you planning on selling your Bitcoin investment for minimal gains? Or you are one of those traders that buy and sell anytime their is a slit increments in the value of Bitcoin, or those set of traders that buy and sell only during the bull season, bro to be honest with you here, you can't build a generational wealth by selling off your holdings for minimal gains during the bull season, but if you can buy and hold your Bitcoin without tempering with it regardless of the value for like 10 to 20 years time from now, you can actually achieve something great, because I believe that the potential of Bitcoin is extremely high, and it has the capacity of building a generational wealth for you if you can ignore the distractions and hold relentlessly for like 10 to 20 years, by then I believe that it might have done from 10x to 20x of it current price, so in essence of what am trying to say is that wether we are in the bull season or not, the goal is not to sell during the bull season, but to hold for a very long period of time in other to achieve something great.

I would suggest that we have been in a bull market since November 2022, even though we might not have had realized that we are in a bull market until either mid-2023 or perhaps even October-ish of 2023.

Sure, we don't really know where the top of this particular bull market is going to be, and yeah we seem to have been in a correction since about March 2024, and sometimes the corrections end up turning into a bear market, yet personally I have my doubts about the bull market being over, so then the next question still comes from how high the bull market might be for this cycle, and what might be our plans for such bull market if it continues. I would think that most newbies would just continue to accumulate BTC, yet no one really wants to be buying at or near the top, yet how is a newbie going to know whether we are at or near a top? Selling seems to be even a worse idea, especially for a newbie,

but yeah, each person has to figure out these matters for themselves in regard to what kind of tactics they are going to want to use if they might at least be able to concede that their main goal is to accumulate bitcoin.. and so I have my doubts about whether selling is a good tactic to accumulate more bitcoin, even though some guys might try to strategize their BTC buys based on the BTC price, which also might end up contributing to their underaccumulating bitcoin, but each person has to figure out based on his own circumstances how he might consider engaging in such ongoing attempts to accumulate BTC, if that might happen to be part of the newbie's goal set,