Quote from: CageMabok on Today at 05:22:50 AM

Quote from: Proty on November 05, 2024, 06:52:14 PM

Well i want you to understand the fact that all investment in bitcoin is not targeted towards making profit, we can invest in bitcoin to hold value for a long duration of time, bitcoin can also act as a hedge against inflation, devaluation of currency and economy challenges.so profit is not the only thing that determines whether our bitcoin investment is successful or not it depends on the investor goals.

Nowadays there are many Bitcoin investors who might have earned more profits and also their goals from their investment in Bitcoin. Because today Bitcoin has broken history again by creating a new ATH in the same year so it has made more investors very happy and will continue to be excited to continue investing in Bitcoin for a long period. Today Bitcoin has really surprised everyone and is very happy after seeing the price levels it has reached and I think its increase will continue because now we are in a bullrun condition.

Honestly, I wasn't that surprised by the performance of Bitcoin this year generally because this is what I was expecting earlier, and I think it has gone up to 75k plus in the wee hours of this morning, and to be honest here, I believe that most Bitcoin investors will be much more happy if it can rise and get up to the 100k milestone before the end of the year, but that's certainly not the peak price of Bitcoin, it can do even much more better in the future, just that the sad reality is that most investors will sell too early in excitement thinking that they have made a lot, not knowing that they are missing out on the bigger picture of what they stands to gain if they can hold a little bit longer.

Then lastly, I think that the major cause of the push in value of Bitcoin this morning is because of the US election going on, and since Donald trump's is a crypto enthusiastic, the price of Bitcoin is appreciating in value due to the fact that he is currently leading, but I believe that if he eventually wins, the bull run will definitely kicks in just as it happens last time that he won the election in 2016.