A lot of hope for new investors is that the price of Bitcoin will reach 100K, in this case it cannot be sold in the hope of a lot of profit. Long-term thinking should be kept in mind. One day success will come if you keep it for a long period of time with patience.
A lot of hope for new investors is that the price of Bitcoin will reach 100K, in this case it cannot be sold in the hope of a lot of profit. Long-term thinking should be kept in mind. One day success will come if you keep it for a long period of time with patience.
Not only are new investors waiting to sell when Bitcoin enters the six-figure range, but most investors, both new and old, are waiting to sell at $100k.
How did you know this, I think you should speak for yourself and I disagree with you that most investors are waiting to take profit at 100k, because 100k is not the highest price that bitcoin will get to in life. There are a lot of old investors who have understood bitcoin potentials very well, they don't have plans to take profits at 100k because they know that bitcoin is still growing in value and selling is a bad idea to them. That's why they are advising new investors not to sell but hodli for long.
If you've been keeping an eye on Bitcoin prices, you'll know that Bitcoin hovered around $29k-$35k earlier this year. Even if one had invested at the beginning of the year he would have made almost 3x profit at the time of $100k. It is equivalent to Trady but profitable
Don't allow short-term profits deceive you into selling your bitcoin within a short period of time when you are suppose to be building and growing your bitcoin stash overtime for your future. Bitcoin can do better than what you are seeing today and that should be a good reason for you to have the determination of being a long-term investor and believe in bitcoin that it is capable of multiplying value overtime because you have witnessed the price growth of bitcoin and can testify to it.
Traders are the ones after short-term profits like what you are saying and they do run at loss in the long run, because they will not give themselves the time and patience to grow and build their bitcoin stash to a good size overtime as backup for their future. Don't think like a trader because they are like gamblers and they are losers in the long run, but be a long term bitcoin investor and build through regular weekly DCA and mix with with lump sum, because they are winners in the long run.