Post
Topic
Board Speculation
Re: Road to 100k?
by
Muba20
on 03/10/2024, 15:10:00 UTC
Definitely buy and hold Bitcoin if you want to potentially make big profits. One strategy for buying and holding Bitcoin is to consider it a long-term investment rather than a short-term trade. We should definitely believe in the long-term growth potential of Bitcoin and hold on to it despite the short-term price upswing, as it is not long before Bitcoin rises to 100K or above.
However, what we see now really tests our mentality in holding Bitcoin assets so that holders such as investors and others must be able to understand that this condition is only temporary because Bitcoin can become more expensive again without something more unique happening.
It is normal for the market to turn in any condition at any time. Recently there has been a big change in the Bitcoin price due to the renewed war. Bitcoin dips at times when Bitcoin is supposed to be bullish, which may seem unusual to many, but these dips are turning into opportunities for those who have invested in Bitcoin for the long term and who are investing regularly. Sudden fall may affect the market temporarily, it is not a major hindrance in the long run. But those who are investing to get profitable quickly from Bitcoin must be aware. Bitcoin is not a quick earn scheme. Here investors should be patient. A major advantage for a long-term Bitcoin investor is that market price fluctuations cannot make any barrier for them.