Off cause $100k is not the main goal, it's just a new ATH and people were just anticipating to see it hit that amount and this great progress has really moved some people and even drag more attention to Bitcoin. Anyone who understands the potential of Bitcoin and has a big target won't make a mistake of selling there Bitcoin rather they will keep on accumulating and holding because it's really going to take anyone who sells his or her Bitcoin time to accumulate that same amount
What you said is very true because now it is very difficult to accumulate Bitcoin in the amount that we have previously owned or in the amount that we have sold in the past. But for those who have a long-term target in Bitcoin, of course the current price is not a barrier for people who have such a mindset to continue buying and holding it. Because they actually already understand that if Bitcoin can reach $100K in the near future, of course there is a possibility for Bitcoin to be at a much higher price level in the next year because it will also increase the attention of many parties to Bitcoin. And for now I still think that the potential for Bitcoin to continue to increase its price is still a lot, especially in the next year.
But it must also be realized that there are also risks, especially if you want to enter at a high price, you may have to wait a long time to get profit, it is true that it is for the long term but not always people will be patient when they see the investment they choose the price continues to decline.
Personally I assume that the increase in the price of Bitcoin in Bullrun this time exceeds 100k, just look at what is happening now and if we refer to what happened in the past, the peak of the bullrun should be early 2025 which means there will be a bigger spike than 100k.
I hate to repeat the contents of a post that I just made, so I will quote it, since it seems to be quite responsive to the kinds of newbie and/or hesitancies of newbies, even if they may well knowt that they are underaccumulated in their BTC stash size.
I think this close of 2024 with the beginning of 2025 will be something impressive for BTC, it is what many of us have been waiting for, without a doubt those who have BTC will become much more millionaires and that is something that I like, it is Something good and also for those of us who have little fraction in BTC that we have not yet reached to have one , it will be encouraging to see that despite so much that has happened it has been and will be worth it, for now I think the price can easily reach $ 300k and some may say that it is crazy, but who would have imagined that the price would be almost $ 100k, how much did you imagine in 2009? or in 2014? 2020? very few , so everything is possible.
Similar to past cycles, there seem to be quite a few newbies getting overly excited about $100k, and considering BTC to be exuberantly priced at such levels, so in that sense BTC newbies have similarities to no coiners and even to low coiners, including that an overwhelming majority of newbies are ultimately low coiners, but they don't even realize it and understand such matters, since many are not understanding bitcoin either.. so there is a tendency to either sell some or all of what little bitcoin that they already have or there is a tendency to slow down or stop in their BTC accumulation, which either their various tactics are not really going to help them while rich folks, institutions and governments are becoming aware of bitcoin and getting their own BTC stashes, in some cases in quite extreme kinds of ways, and not even doing so covertly in the case of MSTR.
Hopefully guys realize that if they have not established their own bitcoin stash in such a way that they either have enough or more than enough, that they should be continuing to stack BTC fairly aggressively, so yeah whatever BTC may or may not reach $300k this cycle, but $300k still should be considered as a big SO FUCKING WHAT? if guys are barely stacking bitcoin or if their average cost per BTC are still in the $30k to $50k price range.
We are likely not going to be slowing down in ongoingly witnessing these kinds of errors from folks who have some BTC and become somewhat complacent since probably even if they realize that they have not reached anywhere close to overaccumulation status they are ongoingly failing/refusing to work towards getting to such personal stash-size status. Whimpiness has paid off in the past, and sure it may still pay off in the future, yet potentially not as exponentially as it historically has done.. even though bitcoin still does remain to likely be the best of places to invest, the exponential nature of its growth curve is slowly becoming less and less steep.
So with you, LUCKMCFLY, you have been on the forum for more than 7 years.... hopefully you are continuing to work towards overaccumulation status in your BTC holdings in the event that you have not yet reached such status and/or if you might be too distracted by shitcoins (hahahahaha.. .sorry (not sorry) to go there... some of my good friends are shitcoiners.. and sometimes difficult to help someone to save themself from themself).. Now you, Xcode7, have been registered on the forum since early 2017, so potentially you have had some abilities to either stack a large enough BTC stack or to reach overaccumulation status, yet based on the contents of your post, I am getting the sense that might not sufficiently understand and/or appreciate bitcoin's actual price dynamics and/or how normies and/or newbies should be dealing with their BTC stash, whether they are in their accumulation stage or not, and surely I am not going to just presume very many guys (even seemingly bitcoin experienced ones here) have actually reached a status of either sufficient BTC accumulation or overaccumulation status.
JayJuanGee, there is no need making assumptions of when they started making their investments in bitcoin based on their registration dates because there are folks who have already started making investments in bitcoin before joining the forum and there are others who also got there first experience about bitcoin investment from the forum while there are also others who are yet to invest even though they have been in the forum for some numbers of years now. So, it will be difficult to know if everyone owns some amount of bitcoins in their individual portfolio, since we have a lot of no coiners and low coiners. Nevertheless, your understanding about bitcoin investment is way higher than the knowledge of most of us here, so we keep learning from your explanations about bitcoin investment.
Your points about peaking over $100k and peaking in early 2025 are both lame, even though surely both of them are likely to have some potential of truth.. yet come off as a bit misleading and presumptuous.. presuming you are not intentionally stating overly bearish expectations... or sure, it could be possible that you really believe what you are saying, so I don't want to be too harsh on you, since some folks are just overly conservative in their perspectives, and nothing really wrong about that except maybe the issue of proposing such scenarios as if they were reasonable base cases for BTC, as if you might be new here, when apparently from your forum registration date you are not new here.
Very lame points he made there because saying that bitcoin may not go further than $100k in early 2025 seem more like an understanding of a newbie who knows nothing about volatility. But JJG, you can't judge people's experience in bitcoin by their forum registration dates because there are folks here who has spent more than a couple of years in this forum but yet doesn't know anything about bitcoin investment.