Post
Topic
Board Bitcoin Discussion
Re: Bitcoin targets reached
by
Marvelockg
on 07/12/2024, 14:40:02 UTC
Who cares about short term price movement. Like if it even goes to $150 k next year, you should not get excited. While a 50% return in less than 6 month sounds very tempting but there are chances of making much higher return if you just buy now and hold for next 10 years. During that duration you will not be making profits but actual wealth that might be enough for you to say goodbye to your job forever.
you know, it's easy to just talk about ten years as a starter but along the line, you will eventually find out that any target reached is enough reason to be excited about because there are chances that it might even take further than that before we see bitcoin getting anywhere near what we are experiencing now. if by next year, bitcoin gets to $150k, i would not assume that it is not enough reason to be excited because it shows that bitcoin is still getting accepted as the year goes by. anything that is better than the position we are currently standing is enough reason why you should be excited as someone that is bullish on bitcoin.

we have in many discussions talked about the important of seeing bitcoin getting to $100k and how important it is to stay invested until bitcoin has attained this milestone, that kind of idea has made it look like the target of most of the bitcoin enthusiast is to see bitcoin getting to $100k and then you just take your profit. truth is that whatever place we stop before the year comes to a close is not necessarily a target, it is just a show of the potential of bitcoin and opens us to the kind of thing we hope to see in the coming year for bitcoin.