Post
Topic
Board Speculation
Re: Bitcoin Prediction 2024 - 2025
by
JayJuanGee
on 05/11/2024, 04:14:10 UTC
I think it should be unobservable for bitcoiners what the price might be in any given year.
All our focus should be on investment only. But there are many of us investors who are only interested in hitting $100k. They plan to sell as soon as they hit $100k. Bitcoin does not run at the behest of anyone. Bitcoin is independent. We can only hope. Bitcoin will not let us down in the future.
Everyone has a specific plan before investing even before they invest they set a specific time frame of how high they will sell the bitcoin price. After the investment, if their Bitcoin investment increases and reaches the expected value, they may then sell their investment to make a profit. So maybe those who are thinking of selling Bitcoin after it hits $100k may have thought of selling after profiting from their investment.

Long term investors may well not plan as specifically as you are ascribing to them, and frequently long term investors might be willing to be much more vague in their ideas about the specifics of either timeline or even price, so they might not pinpoint any kind of need to get out within a specific timeline or a specific price range as you are suggesting that "everyone" thinks like that, and perhaps a lot of folks who were so specific about their timeline and/or their price range would no longer be holding any BTC since they likely would have had sold too many too soon and then perhaps feeling like they screwed up.

Traders do think about specifics of their exit a lot more than investors, yet I would not even be suggesting that investors still need to know that they are able to sell their BTC if they need to, yet they might not feel any kind of urgent need to plan around conditions in which they are planning to sell their BTC.

Surely investors are going to be different based on their various individual factors too, so I would hate to completely lump investors into the same category.