You need to get rid of the idea that you can get rich quickly by investing in Bitcoin. This is not a quick scheme for earning money. Investing in Bitcoin cannot guarantee you profit, but if you invest patiently, there is a great possibility of getting good returns. Bitcoin is the most volatile currency, and it is very natural for there to be a price correction at any time. If the price is slightly down at any time, do not panic, but if you can hold Bitcoin regularly, then it is definitely possible to get good returns. Moreover, it is more convenient for those who do DCA when it is down. In terms of investment, if you keep accumulating a part of your discretionary income in Bitcoin regularly, it will help you risk-free and stress-free investment and you will be able to keep a large part of Bitcoin in your possession in the long term.
You are right.I think next month we might see Bitcoin at 130,000 because we saw the new ATH this month. But we may expect that Bitcoin can reach 1 million after the next six or seven years because seven years ago or on this day in 2018 Bitcoin was worth 7716 dollars but after seven years the price has reached 123,000. In words 7700 and where is 123,000. Did we ever think that Bitcoin would be worth this much? So let's think about what Bitcoin's price could be after the next seven years. This shows that Bitcoin has huge potential but need to be patient.
I think you should focus on accumulating Bitcoin Rather than speculating Bitcoin price in the next few years to come. No doubt that Bitcoin will be bullish in the up coming years, and even as we are anticipating on Bitcoin price, we should not be overexcited about the future price of Bitcoin, because we may be disappointed when it
turns it didn't work out the way we plan. judging from your speech, it took Bitcoin 7 years to move from $7716k to $123k maybe for that reason in the next seven years
but, Bitcoin is expected to hit $1m or will also increase by such
that percentage. My friend Bitcoin is not calculated in such manner. Bitcoin doesn't have a straight forward movement, it is volatile which make it unpredictable. For Bitcoin to achieve $1m it will take longer time compeard yo its early days. It might take 20 30 or 40 years who knows
when, but my main point
or concern is that we should not be over speculative about Bitcoin price but take advantage by
taken abuying some portion of it gradually gradually, and anything that comes out in the future will be good for us than speculating about Bitcoin future price.
Sometimes people end up speculating and end up becoming a no coiner or low coiner.