Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
DubemIfedigbo001
on 06/12/2024, 21:33:31 UTC
Finally we are at 100k, a price we were looking for many months. Bitcoin once again achieved another high value, we can't say what lies ahead may be 150k or 200k or may be price goes back to 70k or 50k, everything is possible with Bitcoin. There is no guarantee of bitcoin price.
Those who have gathered enough bitcoins and see adequate profit may see some of there hodlings to enjoy profit before Christmas. Those who have just entered bitcoin must not sell just because price is above 100k and they are getting few bucks in profit.

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.

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.
The market is not complete without weaker hands, I knew from intuition that there's going to be a sharp decline in price as soon as it gets to $100k because many people set their sell orders at $100k or slightly above it(down to my own friends). BTC was at $97k this morning, retraced to $95k yesterday and now stands at $101k . The good thing is that it has touched those prices(ATH of $104k) and it's going back there in no distant time as the bull run progresses. It seems $95k is now the new dip, lol. Good thing is that it's not late to invest, but the prices are higher now, meaning more money for less stashes. It's good to begin now because in no distant time this price would be some people's dip expectation and they still may not get it.

This validates to us investors that Bitcoin still got it's potential intact and should fuel our desire to being more serious with our DCA and get more aggressive if possible to accumulate more stashes of Bitcoin because it's obvious the future is massive.