Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
laijsica
on 12/11/2024, 10:14:16 UTC
This is the period to sell your bitcoin, if you are still holding bitcoins in your wallet, do your self a favor to release your bitcoin because the price has increased above $82,000,  I don't think it will hit the price many people are waiting to see this year which is $100,000, but it will definitely get to that price before the end of next year, do you think it will reach $100,000 this year? With my observation, this is not  time to buy bitcoin from the market because the price has moved higher which will not allow people to make good income whenever they want to see in the future.
We can see bitcoin all time high of $89530 now an investor can sell bitcoin and still hold his investment but it is his personal choice. Here people will not pressure anyone to sell the investment they are holding because I am holding my investment but again I have set a certain price in myself that I will sell my investment if it goes to that price. Bitcoin's current upward momentum suggests that Bitcoin will cross $100,000 by November. You might be guessing that Bitcoin won't reach $100,000 this year, but if you look at the current Bitcoin market, you must have dispelled that misconception. I think bitcoin will touch $100000 within these few days.
When speculating on the value of Bitcoin you should avoid the tendency to focus so low as investors currently expect it to be worth $250k -$300k and you should plan your investment accordingly. If your expectations are so low ($100K) you are running into short term trading. Bitcoin has always encouraged higher holdings among investors as long-term investments and you should continue to accumulate regardless of price.

Given the current price scenario, it is easy to predict how much Bitcoin's value may increase over the next few years, so you should plan your investment with the DCA method so that Bitcoin accumulates over several or more cycles and you continue to have large holdings. By hoarding bitcoins you should psychologically position yourself where the holdings are likely to be as expected.

If an investor can continue to deposit bitcoins regularly from his discretionary income then he should not feel pressure to sell as he is trying to be a decent holder besides being financially sound and he is able to continue depositing bitcoins successfully for many cycles.