Post
Topic
Board Speculation
Re: Road to 100k?
by
MainIbem
on 16/10/2024, 17:02:54 UTC
I believe that if we see repeating trends or patterns on the Bitcoin chart, then we should not engage in nonsense like predictions, because the price chart will always surprise all traders. And as soon as someone thinks that he can predict the price movement based on past experience, then such a person will then see unexpected surprises.
Nevertheless, for now Uptober pleases us with price growth (68k!) and this is cool.
And many expected that there will be growth (also elections are ahead) but I hope that this month will pass without unpleasant surprises, and digital gold will continue to go up.

I think you meant investors and not traders, Bitcoin is best for investment (long-term) purpose which is buy and hodling and not really good for trading based on the very high risk factor that involves in trading, well I just see your statement as a little misunderstanding about both concepts so I won't go further on the difference between trading and Bitcoin investment. Well the Volatility of Bitcoin has made it possible for people to give different predictions of what they feel the price would be and anyone can just come up with their own predictions based on their different analysis of the market bit those are just mere speculations and like you said an unexpected suprise could occur. Well, the month of October came with it's own suprise and for the past days investors have witnessed continuous upsurge thats making everyone smile, however there's a possibility of a possible dip before the election, even though lots of investors are hoping it continue rising but then, I hope those who were waiting for a massive dip to occur before they make entry have seen why it's very good to DCA and make entry at any point instead of waiting for the dip to invest on Bitcoin.