Quote from: mirakal on October 04, 2024, 11:58:45 PM

Quote from: Sexylizzy2813 on October 01, 2024, 12:57:39 AM

Quote from: Finestream on September 30, 2024, 11:57:48 PM

We can’t anticipate that bitcoin price could suddenly reach a new all time high, or let’s say $100k. Of course, it will take small steps forward, but the important thing here is, bitcoin price continue to appreciate despite of some price crash that’s somehow inevitable due to high volatility. If other big time investments have taken a lot of tough times first before it become a hit, then bitcoin is not an exception. It will eventually achieve our goal price, patience is the key.

Indeed patience is the major thing we have to put on first when it comes to something that we don't know how it will turn out the next hour and Bitcoin has it's way of surprising both investors and traders but that's not the case, we only have to accept it the way it is. Some have it in mind that Bitcoin price won't hit $100k this year, we only have to use how positive the market price has been, like I consider the fact that each month has a way it moves. And I think the path Bitcoin price is heading it can get close to $75k but we ain't certain it will even get close to $90k before the year runs out, something new might happen but I hope it doesn't go back to $50k instead we have it at $70k+ this month.

Yes, bitcoin has its own way of surprising us, the thing is it's not always positive surprises but also those least negative ones. That's why patience is the only key while waiting for a breakthrough with bitcoin, as it can happen when we least expect it, or it won't be possible at all within this year.

However, bitcoin price volatility makes it more unpredictable. And with that, it's still best to keep buying and hodling, regardless if $100k will be achieved this year or later the following year.

Staying patience when Bitcoin price is gradually going down is very hard to keep hoping for the best, there would be a time when it starts going down and your patience level will start dropping before you know it you'll start panicking. Is never easy to stay positive for the breakthrough to happen, as of last 2 months when it never left $55k going downwards, I believe many would thought it was going to hit $49-40k but it got back up to a promising amount, that's to say the market price doesn't move in a particular direction that's why we find it hard to predict it even for a week. I agree with you that buying and holding is the best thing to do because we never know when it will fall in our favor. The question is are We ready?