Quote from: Justbillywitt on Today at 06:20:06 AM

Quote from: As-Soon-As on November 08, 2024, 11:53:01 PM

Quote from: Cryptoprincess101 on November 08, 2024, 08:09:50 PM

Quote from: Wind_FURY on November 07, 2024, 03:46:17 PM

Because of the Bitcoin Strategic Reserve, I therefore change my personal viewpoint. I no longer care for six digits, it's NOW SEVEN DIGITS! - $1,000,000 per Bitcoin.

I think we should wait till the Bitcoin Strategic Reserve is implemented before we can talk of a price target of 7 digits because for now, it is assumed that every positive thing Donald Trump said about bitcoin is still a mere campaign strategy till when he assumes office and start implementing them one after another. But whether strategic or no strategic reserve, bitcoin will still approach $1,000,000 and that is the most important thing. The only difference is that if bitcoin becomes a strategic reserve, there will be a driven force that will spark the price to experience a breakthrough and approach unbelievable milestone more faster than it would have been without being a strategic reserve.

We don't just have to worry about the price of Bitcoin, we have to increase our investment as the price of Bitcoin increases. Because if we don't invest as soon as possible then we must regret later, Bitcoin price will surely touch 7 digits and it is most likely to reach 150k dollars.
So as of now we only need to follow the DCA method in Bitcoin as the price of Bitcoin is still under considerable control of investors. Because the price of Bitcoin has started to rise, we can feel that the current time is the pre-bull market, and the price of Bitcoin will start to rise from now, and it will be resolved in 2025.

Your approach is a bit wired to me, that bitcoin price is increasing doesn't mean that an investor should go outside his means to invest more in bitcoin. Even before the increase started investors already knew that a time like this will definitely come, so it didn't take us by surprise. So you don't go about spending more of your income in bitcoin, because bitcoin has started increasing. Remember our daily needs don't reduce because bitcoin is increasing, instead our daily needs keeps increasing as well. So if you go out of your reach to invest more in bitcoin because bitcoin is increasing, which money will you use to attend to your daily needs/expenses? Even in bull or bear seasons, the only time you should increase your investment amount is when your resources increases.

This is problem of some investor since once they see a pump they became over excited then think about buying more compare on what they do regularly. This mentality could be associated with traders mindset which provably we don't want to implicate since there's huge chance we will fell off with this decision since there's a chance that we go crazy if suddenly there's a price correction will happen.

That's why its better to continue to do our thing and lets ignore the price since those situation would just destroy our plans which provably can cause us to lose our bitcoins. Keeping our focus despite of the pump happened is important since in long term investment those consistent people always win.