Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Richbased
on 06/12/2024, 06:26:32 UTC
The most exciting news is that the price of Bitcoin has now reached $100k. I have been expecting the day when I would be able to see the price of Bitcoin reach $100k since I have been hearing from people who are familiar with Bitcoin for a long time that it has reached $100k before. To be honest, with the huge change in the price of Bitcoin, this is fantastic news for long-time investors as well as those who bought more recently. Furthermore, only those who are unfamiliar with Bitcoin may sell off part of their holdings for the festive season or those who have been buying Bitcoin for the previous three years, it is not advisable for those who have not been accumulating Bitcoin for a year to sell any part of their holdings for the holiday season.

The price of bitcoin hitting $100k is really something of excitement but we should not be overjoyed because the price will still break other ATHs soon. However, bitcoin reaching $100k is not a call to sell your holdings to spend on frivolous things all in the name of celebrating the festive season. Perhaps, a lot of bitcoin investors earns in Fiat and they must have kept some money in FIATS to take care of festive period expenditures while their bitcoins are intact. No need to sell bitcoins simply because the price reached $100k, except for someone who has been a long time hodler and has a target of reaching $100k before they sell. 3 years is not enough to consider selling but it all depends on how much accumulation you have been able to make within those 3 years.

Quote
But this is only the beginning for Bitcoin, a bull run has been expected for the previous several months, but it is taking place at the end of the year. So those who haven't bought yet should do so immediately to continue building up, because Bitcoin could hit $150k by 2025, the earlier, the more profitable.

We have since been in a bull run and all what we are seeing now is still part of the bullish trends and for the fact that the price has reached $100k means that $150k and above is possible in 2025, buy and hodl.