Post
Topic
Board Speculation
Re: Road to 100k?
by
Marvelockg
on 14/10/2024, 11:14:25 UTC
Bitcoin have reached $65k today, a proof that the hope of $100k this year is not lost. I have always known that the market will rise when many people will least expect and there are indications that a lot of people are already doubting that we will still see $100k this market cycle. You can see that from the enthusiasm of people that is wanning daily because bitcoin have refused to run to $100k as they were expecting. This bring to mind that the real winners of bitcoin investment are those who see beyond today and are busy buying instead of being worried by the continuous corrections the market have been giving.

the resistance is always interesting and the good thing about this correction that we've always witnessed is that it affects procrastinators more because while they look at certain price of Bitcoin and expect the market to go down, we now see Bitcoin going even further up than it currently is.

Two months plus is still a long way to go and even if we're able to get to $80k+ before the end of the year and it continues upwards from that point, I will still be excited that we've gone really up and that it's still favourable for those that are still at the button of there accumilation journey. Whoever is expecting Bitcoin to run to $100k just because it's what a lot of people are anticipating Bitcoin to get to will have to keep waiting because mere expectations doesn't translet to Bitcoin bull. It might get to $100k this year or might take longer time before it gets to $100k, at the end of the day, when or how soon that eventually happens doesn't really matters. What matters most is that while you're down below the $100k mark, you have a good chunk of Bitcoin that you've bought at these prices which is what will eventually place you in a best position of talking about the post $100k era.