Post
Topic
Board Speculation
Re: Road to 100k?
by
I_Anime
on 03/10/2024, 17:50:29 UTC
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

Imo I won't advice any newbies to fix their mind in this bullrun as their gaol , because I believe that alot of newbies are already planning on how to sell their Bitcoin during the price range of $100kish  , which by that time some folks may have not accumulated enough Bitcoin for themselves and that would seems like more of trading than investing.

I know that most newbies are really eager to see the bullrun at it peak (yeah we all though) , but for someone who goal is to accumulate bitcoin for long-term purposes like 4-10 years shouldn't focus more on this bullrun alone but rather accumulate more coin for the next circle or more than , inorder for that investment to be profitable ( though we can't tell howfar Bitcoin would have gone then ) but I believe, that it would worth it , so what am aiming at is that selling all your Bitcoin stash won't be smart at all especially as a newbies during this bullrun, instead focus more on the future and I pray we will be alive then to see it happen.