Re: The BTC to $1M thread (12% reached)

Bump.

Bitcoin is so cheap right now. You can get a whole bitcoin for just $0.12M.

You are very correct. Some people still don't understand how cheap bitcoin is maybe because it's hitting series of ATH everyday. Currently at $121k as at the time of this post, it has taken almost the shortest time to rise from the previous $112k to the current price. This is the evidence of what bitcoin still has in the future. If it maintains this flow, even if there's a serious Market correction, there will be possibility of bitcoin hitting $200k by October this year which is fair enough.

The best anyone can engage in right now is to maintain constant buys. Not having to wait for any further dip because this price would someday become the worst point of possible market corrections.

A lot of people still see $121k as "expensive" just because they missed out earlier, but in the grand scheme of things, we’re still early. The momentum BTC is showing right now is a clear sign of where things are heading long-term. Dollar-cost averaging at this stage might turn out to be one of the smartest moves. Waiting for dips in a bullish structure like this can leave many sidelined. History shows the best time to buy was yesterday second best is today.

For sure. A lot of people think that the current price of bitcoin is too high since they miss to enter when they feel the price was low, however if they should look at it very clearly they will get to understand that there is no time that is late to start buying bitcoin. The market movement that we are actually observing now show that long term growth is possible. Waiting for the price to dip at this period will definitely make one to miss out market opportunities. This DCA method is a very good strategy that will not stress one to be waiting for the dips.

Anyone that doesn't see Bitcoin as a long term investment will never agree to the terms of Bitcoin being less expensive even at every peak price, when Bitcoin was as low as $100 people still considered it as being expensive and while waiting for it to come down it kept going up and the same will happen to as many which still feel Bitcoin is too expensive at the current all time high where in future time this current all time high will be considered to ba a dip to be seen again which might not be possible, the best thing is to focus on what value of Bitcoin you can get in to your portfolio for the future purposes without looking at the peak price. Anyone thinking about Bitcoin should at same time think about long term.