Quote from: Mayor of ogba on November 12, 2024, 10:26:35 PM

Quote from: Oshio-man on November 11, 2024, 11:48:15 AM

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 accumulated 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.

The thing is, he fail to understand that some persons just bought few weeks back before the upsurge, so will they also sell because of the upsurge, it is funny that some persons don't understand what Bitcoin invest is all about, yes of course most of us are still doing the needful and infact not moved by the current price.
I think as bitcoiners we should have a goal and such goal should be tied with our DCA level, I also believe that as bitcoiners that already know that Bitcoin is a long-term investment, we shouldn't be eager to sell when we havent acomplish out investment plans yet, for me I don't see long-term from 4-10 years, my own long-term is from 8years up though it's in circles but I have my personal plans thats why I choose it to be that way to enable me to continue accumulating and remove my mind from anything concerning withdrawing my asset prematurely.

It's unfortunate that the new taker is even very bold to say that he don't think that now is the right time to buy when he doesn't understand the concept of Bitcoin, if he had gone thorugh previous price of Bitcoin, he would have known that the price people are speculating to arrive at before the end of this year or next year respectively was not not the price being anticipated earlier I think that alone should prove to him that Bitcoin price will definitely go higher in future and people that sold or refused to buy because of FUMO will definetely blame themselves for whatever action they took.