Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Road to 100k?
by
Tmoonz
on 09/10/2024, 18:49:46 UTC
⭐ Merited by JayJuanGee (1)
Even if someone tells me today that bitcoin will get to $2m before the end of next year, I will believe it.
Even though we don't doubt that bitcoin will increase in due time, we should also be more realistic to know that bitcoin can not just grow to $2m dollar In the space of 1 year. That would be a massive push of %millions. even as though it was just a speculation but it may not possible anytime soon.
It is better if we prefer not to live in simulation, Bitcoin has the opportunity of conquering several prices but it is kind of an over exaggeration to completely ignore how the flow of Bitcoin prices move considering each phases of the market. Believing that Bitcoin can hit $2M by next year should be completely false, it is not possible even the price of $150K is still highly anticipated by then.

Over exaggeration has been a reason why investors are getting in balance (less or no profits) while investing, they invest too much of what they have in anticipation of making massive profits due to some rumored or questionable speculations that is likely not to happen and this tends to put them at risk.
None of us can predict the future price of Bitcoin, we don't know if Bitcoin will cross 70K within this year, it may even be that Bitcoin will cross 100K within this year. So instead of relying on all these unpredictable assumptions, we should continue to invest and hold using DCA from now on to achieve future profits. One should proceed with clear planning and proper research.

 Bitcoin is a speculative asset, yeah there is nothing wrong with people speculations and predictions even though there is no guarantee or certainty as to that regards. However, can how about you explain what you meant by proper research when it comes to Bitcoin, it is Bitcoin we are talking about here, it can be so retarding talking about making proper research when it comes to Bitcoin investing because there no better research other than being in the market while figuring out other things along the line, Bitcoin has incredibly performed beyond every reasonable doubt to be subjected towards making a proper research without getting fucking started.