Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Zozain
on 12/11/2024, 22:45:38 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.
I can see you are new to bitcoin investment, so I will not blame you so much for sounding this way, but I want you to clearly understand that the majority of people in this forum are not investing in bitcoin because of the $100k mark speculation, and even though bitcoin achieves the $100k mark today or tomorrow, we will still not sell our bitcoin investment for short-term profit. The majority of us are still in our accumulation journey, and we have not even  a good quantity of bitcoin since we started this journey that would make us sell our bitcoin. Our ultimate concern is how we will accumulate the quantity of bitcoin we desire and hold it for 4-10 years or more before we can even think about selling our bitcoin investment. If you are not interested in accumulating bitcoin, stop saying this is not the time to buy bitcoin before you mislead your fellow newbies because there is no perfect time to start accumulating bitcoin than when you have discretionary income and you buy bitcoin right away.
I agree with you 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.