Everyone got excited and happy when bitcoin reached $100K, glad to see that many people took profit at that point, mostly it could be those that have a large stash of them and holding for four years or more now. That price actually looks very enticing not to take some profits. It will really benefits the long term holders more who most have made more than 100% in profits of their investment when the price got to $100K. Now, more higher price are anticipated for bitcoin, it is just a matter of time before it gets there as no one can predict actually what the next big price will be. Many who had taken profits may not be waiting for any bull run again, if it comes, fine; and if it doesn’t, they continue holding till another cycle.
It cannot be denied that the $100k that we have always talked about even since 2022 which became a reality this year provides a very good excitement for most people who are in bitcoin including myself.
Although for profit taking I still postpone it because my goal is not for now but it does not make the euphoria just stop.
Currently I am still in advanced collection because my target is still not here, although I am happy with $100k but I don't want to take advantage for now because I am still in the collection phase. Right now the momentum is still building even if we end up having another correction like what's happening right now but I don't feel that my decision not to take advantage is the wrong thing to do because at the end of the day my commitment remains the same as before. Not that I don't want to get out of bitcoin but in the end there is a closer goal that I can take later and it's not for now.