Hello sers,
After the DIP down to $74,000, or thereabouts, Bitcoin looks ready for another surge again.
Will this actually be the surge that will send it to over $100,000, AND, we'll never see Bitcoin move under that again? Will the One Hundred Spartans in the Push Ups Until $100,000 topic finally get their rest?
I believe! HODL!
After the DIP down to $74,000, or thereabouts, Bitcoin looks ready for another surge again.
Will this actually be the surge that will send it to over $100,000, AND, we'll never see Bitcoin move under that again? Will the One Hundred Spartans in the Push Ups Until $100,000 topic finally get their rest?
I believe! HODL!
Initially, I thought that we might push through $100k and then get up to $120k, so then sub $100k would not be very likely, but then yeah, that does seem a bit too optimistic, even though surely there could be some possibility of leaving 5 digit bitcoin in the dust. It would be nice to get a little cushion above $100k so that we might start to feel assured that sub-$100k is in the rear view mirror.. but the odds of saying no more sub $100k don't seem to be great until maybe we can get above $120k first.
There are many ways to start investing in bitcoin because it is not limited to certain groups. Even if we have $ 20 per month, we still have the opportunity to buy regularly for asset growth that will increase slowly if we want. There is no reason for the inability to start except for people who are always looking for justification for their stupidity. Not having a job is their personal fault because many potentials are not utilized to make money.
Regardless of our opinions concerning this matter investing on Bitcoin is a personal decision afterall cause even though you give some people the ideas on how to increase their income so they'll have extra funds for investment since they think they can't go into it with $20 income I bet they'll still find excuse not do it when they’ve got extra income due to procrastination and also lack of patience, those are the major reasons why lots of people haven't involve themselves in it, they'll rather gamble with their spare cash or involve in ponzi schemes to make quick gains, several folks have approached me concerning Bitcoin investment and before you even start explaining you'll get replies like "when would I cash out, is it going to take very long?" Then when you tell them it involves a long-term process and requires patience, you'll see them chicken out of the conversation like they were never interested in the first place, I get that alot and the most annoying part is that same folks would come running back to invest when it starts pumping as if Bitcoin is some shitcoin with short-term profits.You have a good point. There is a bit of a hurdle rate to get someone into a long-term thinking mindset when it comes to bitcoin. I suppose that I have had similar conversations with people and I tend to tell them that they can do whatever they like, yet I am not recommending anything other than 4-10 year or longer timeline for bitcoin, and the only excuse to invest less than 10 years is based on age or health concerns.. otherwise most folks should be able to invest into bitcoin with a 10 year or more timeline.. and yeah, many folks have trouble wrapping their head around bitcoin as a long term investment, even though that is what it seems to be.. since there can be a lot uncertainty in the short term.. even though sure people might be able to gamble their ability to get in and then get out at a higher price than they entered... perhaps? perhaps? yet I am not going to get into those kinds of discussions with how they might play bitcoin in that way, even though I may get into some discussions with folks who might consider that they are ONLY able to invest into bitcoin for shorter timelines such as 4-10 years based on age and/or health uncertainties rather than longer than 10 year timelines.
If there are no tariff wars and events like that - I think we may go further than 100k, and even reach a new ATH.
But that's, of course, an optimistic view
We already reach the 100k 6 times before the tariff war and we even reached 109 as the ATH…But that's, of course, an optimistic view
For sure, maybe we would have hit a new ATH without the tarrif war but the market have not that much of accurate prediction guarantee, something else might have still brought down the price but yeah tarrif war did take it down that hard.
At the same time, don’t be surprised if we eventually have another correction or DIP back to this same 73k~74k Or even less in the bear market (depending on how far we pump this time )yet because a random dude like me typed this doesn’t mean it going to happen we might still never have a correction upto that point again but it’s all speculation.. all you should be focused on is buying in prepare for the upside, the DIP is just an extra opportunity.
Surely after the fact, we can make an assessment regarding where we have been and how we got to our present place in order to attempt to understand why we are here and where we might be going from here.
It is possible to characterize our pump to $109k as being a bit of hyperbole after the Trump election, and so then our consolidation since January 20 inauguration is a bit of a correction from that hyperbole. Of course, there can be more UP from here, and so frequently we need to prepare for UP.. yet there is nothing wrong with always attempting to be prepared for either price direction.. and surely a vary large number of folks seem to be way more prepared for down than up, so being prepared for up is tending to put a person in a better position than those how have not prepared for up.
Of course, anyone in their first whole cycle should not be too preoccupied by price in the first place, especially if they are just ongoingly accumulating bitcoin, unless maybe they had front-loaded their investment, which might cause them to be more concerned about such a thing, even though I consider that even someone who might have had lump sum invested in bitcoin in recent times, they likely should be supplementing their lump sum investment by DCA and/or buying on dips...
There should be ways to deal with uncertainty, even if a person had lump sum invested into bitcoin in the past 6 months... Of course anyone accumulating a lot of their bitcoin prior to November 2024 would have had been getting bitcoin with prices mostly less than $70k, so they should be content with their pre-November 2024 accumulation of bitcoin, to to the extent that they had been able to buy substantial amounts of bitcoin prior to November 2024.
Psychologically, it is frequently nice to have a bit of a financial cushion and to be "in profits," yet at the same time, it seems to me that whether any newbies are "in profits" or not should not be major concerns, and there should be some advantages to just ongoingly accumulating bitcoin and perhaps preferences that the BTC price takes a bit of time to resolve in terms of when it might go up. Newbies are not necessarily advantaged financially by bitcoin prices going up, even if it might make them feel good to see BTC prices going up.
I will agree with you that many times people have unrealized potentials in terms of both increasing their income and decreasing their expenses, yet there are also likely cases in which people are struggling within their own best efforts, and so they have difficulties (and perhaps even impossibilities) increasing their discretionary income.
Nothing is impossible when someone has a plan in their life and to achieve a much better financial source requires hard work by relying on existing opportunities and when we want to change our lives for the better, then every effort must be made to grow a much more stable income. The existing potential needs to be increased and at least be able to meet the needs of life and continue to try to set aside a little money to start investing. It may sound difficult for some people who do not have a steady source of income, but it does not mean it is impossible if they are willing to fight.Try to cut back on excessive spending so that the money can be used to start investing in bitcoin. I remember an old adage that is often expressed by parents, try to live simply and look for potential to make money productively. Maybe this can be applied to bitcoin because we believe that over time the growth in value will make our finances better.
We can agree to disagree. I thought that I already explained that there may well be a lot of folks who might already be doings to the best of their abilities... and surely, you are correct that there are people who could be doing better, working harder or being more creative in their exploration of their options (and acting upon their options) to increase their discretionary income by increasing their income and/or cutting their expenses, yet I stick to my earlier point that we should not be presuming that all people are in positions to increase their discretionary income in ways that you seem to be presuming to be applicable to everyone.
Also there are people who do all the right things and still suffer considerably from various disadvantages from which they may or may not be able to extract themselves based on resources that that they have available or might be able to muster up (by hook or by crook).
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I totally agree that the investment process is really not easy, because what is called investment is certainly struggling with many factors that must be passed through so that the investment is successful. Starting from the income aspect, this aspect is a very important part and should never be missed if we want to invest like in bitcoin. Because before investing we must first measure the income we get per month, because that way we will find it easier to calculate how much we need for our living needs for a month. Then after that, if for example there is money left and the money will not be used for anything (discretionary income) then the money can be invested in bitcoin. Then after our bitcoin investment is running, every month we still have to pay attention to our needs and the income we get. Because sometimes our needs can change quite significantly because there is something called inflation. So if we are used to doing this, I am very sure that our bitcoin investment can be better organized. So maybe this is what must be done so that it can become a habit. Because investors who can manage their finances well, usually have better profit potential too.
And about the money we can invest in bitcoin, we should not be discouraged if for example our discretionary income is not much. But that is where our personality will be formed, because if for example we can consistently invest in bitcoin, it means that it can be ensured that the investment has the potential to be more successful.
Because investment is not just about how much money we can invest, but it is related to our commitment to the investment. Because people who are able to have a strong commitment to their investment, I am sure they will be successful investors.
You may well be correct in everything that you say Tamaperdana, since each of us is ONLY able to invest from the quantity of discretionary income that we have available, and it is better to invest a lower amount into bitcoin than to not invest at all, yet at the same time, anyone who knows that they have lower levels of discretionary income may well need to try to spend some efforts trying to figure out if they might be able to increase their discretionary income and/or cut their expenses... since surely a guy who is ONLY investing $10 per week into bitcoin is going to be greatly disadvantaged as compared to a similarly situated guy who figures out a way to to invest $100 per week or some other meaningful amount by his attempts to be proactive in his recognition that his investment amount needs to be increased in order to potentially have more meaningful results in 4-10 years or longer... and surely some guys know that they are likely going to need to invest into bitcoin for 20 years or more before they might be able to really start to build up a meaningful sized BTC holdings.
I will agree with you that many times people have unrealized potentials in terms of both increasing their income and decreasing their expenses, yet there are also likely cases in which people are struggling within their own best efforts, and so they have difficulties (and perhaps even impossibilities) increasing their discretionary income.
Nothing is impossible when someone has a plan in their life and to achieve a much better financial source requires hard work by relying on existing opportunities and when we want to change our lives for the better, then every effort must be made to grow a much more stable income. The existing potential needs to be increased and at least be able to meet the needs of life and continue to try to set aside a little money to start investing. It may sound difficult for some people who do not have a steady source of income, but it does not mean it is impossible if they are willing to fight.Anyone that doesn't have a means of livelihood has no business in investing in Bitcoin, because it would be just a matter of time before he start eating his investment bit by bit till it's exhausted, so what am trying to say is that you can only invest in Bitcoin when you have a source of income, because it's only through your source you can buy and accumulate Bitcoin consistently either weekly or monthly, but if you have no source of income, I would advice that you look for a job first, so that you can take care of your basic needs easily, after that, then you can think of start investing, because in other to be successful in your Bitcoin investment, accumulating consistently and holding without tempering with it for a very long time are key things that needs to be done if you want to be successful, and you can never achieve that if you have no source of income.
You are not really saying anything different from lizarder, except it seems that lizarder is presuming that everyone is capable of improving their discretionary income beyond their current status, and he seems to be presuming that success is built on work rather than luck... and sure, I don't disagree with the overall premise that hard work can help many folks to progress, I am not going to necessarily presume that folks are failing in their level of success based on their lack of working hard enough, as seems to be what lizarder is presuming to be the case.
Even starting to invest $10 per week over the past two cycles would have resulted in $4,200 invested and nearly 0.4 BTC... .. and surely not a lot of money, but still a good return and even a lot of money for someone who might be quite poor and ONLY able to invest $10 per week over years.
Sure, it can be a lot of money for someone, even the people who have been investing small amounts for over a year. I believe that investing a small amount weekly over a year to get profit is far better to those who have the money but fail to invest. Many will still repeat the same way that individuals wasted their time last year watching people accumulating BTC when they had the money to seize the chance, but they failed and regretted it when the price went above $100k.However, newbies who concentrate on the profit they can expect are not ready to invest, even those who have been investing $10 or more weekly have no idea the profit they will make at the end of the year. And, once again, newbies who are afraid to invest with their little money must learn from the example you provide on BTC that those who invested $10 for the past 2 years will be secured right now, all that matters is the beginning and consistency.
I agree with your overall point that it is likely better for guys to get started investing into bitcoin with whatever amount that they have, and surely if they are continuing to invest into bitcoin, then perhaps over the years they can increase their investment amount by figuring out ways to increase their discretionary income and/or otherwise improving their cashflow management practices...or even figuring out ways to prioritize their focus on bitcoin with a view that they are likely going to improve their longer term finances through their improvement of their focus on bitcoin.
I described a situation in which a guy might invest $10 per week for the past two cycles, not the past 2 years, and the past 2 cycles would be over years. Similar to you, I was trying to suggest that small amounts can still add up to a lot over time both in terms of the amount of money invested, yet also with bitcoin there could develop some appreciation of the BTC price over the investment timeline that also ends up boosting the value of the investment beyond the amount that had been originally invested...
so yeah in the case of the earlier example, $4,200 invested over 8 years (only $10 per week).. does not seem like a lot for each week.. but then over the years it adds up to a decent amount, but then the bitcoin also appreciated in value, so the 0.4 BTC invested would have a current 200-WMA valuation at $18,521 and a current spot price valuation of $37,524.
Personally, I consider the 200-WMA valuation to be more important than the spot price valuation, even though the stash of BTC could be sold currently for it's spot price valuation, yet if a person is striving for sustainable withdrawal, then I personally believe that it is better to assess the 200-WMA (which is the bottom price) rather than the spot price, and currently, I consider that size stash to be capable of generating a sustainable income of about $1,852 per year, which is only $154 per month ($35.62 per week), and so likely such person may well need to keep investing (or to wait for more passage of time), if he might be wanting to receive a higher sustainable income off of the size of the bitcoin stash that he has so far built over the past 8 years.
So the guy would be generating way more income than what he had initially put into the investment over the years, but at the same time, he might want to continue to build the investment up, and perhaps even if he were not adding to the investment and just letting it set, it may still double every 3-4 years in terms of the level of the income that could be gotten from that size of a bitcoin stash.. and so frequently, I will suggest to keep building the bitcoin investment size until it gets to a size that is starting to get close to being able to generate a sustainable income that is sufficiently high enough for that person to live off of.
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Yeah that statement is fair enough, though the tarrif war might have slowed down the process, infact it's one of those negative stuffs that influence the market but it won't hinder the growth of Bitcoin, the processs might have slowed down for the time being however it would still do it's thing and set a new ATH, the effect of those negative stuffs like the trade war would only cause weak hands to panic and chicken out like most of them did when it dropped below $90k weeks ago but real investors are not moved by such but see it as an opportunity to own more with hope that Bitcoin would continue doing better in future, it's that hope that enables them to remain patient and wait to enjoy the benefits of a possible increase of it's price in future. However, information I gathered recently is that Bitcoin is now ranked as the 5th largest asset in the asset class, it's flipped passed Google and it even happened while the trade war is ongoing, so there's enough hope for Bitcoin to set a new ATH be it in future or near future.
Sure tariff wars (disputes) and/or uncertainties are not good for any markets, yet bitcoin is likely going to fare well under any system, even if various disputes continue to happen and perhaps there are various ongoing disparate effects of such tariffs and disputes around whether they should exist and/or how they might apply... and whether wealth is created or destroyed bitcoin is likely to fare well relative to any other places that we might choose to put our value, even though bitcoin likely does even better when wealth is being created rather than destroyed... .
There is no other money that is even close to as sound as bitcoin, even though there has been some appreciation in gold valuations in recent times... bitcoin is still superior to gold by 1,000x or so.