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Cryptocurrency Price Speculations / Re: Will Bitcoin Really Go Above 100k?
« Last post by Gladitorcomeback on Today at 04:50:58 PM »I think it can be achieved, and the hope is that it will really be achieved in this bullish season. However, we can't guarantee it. Therefore, I myself would have carried out several strategic steps in taking profits. At least, it would have been worth it to do it at $80k to start with. And when the price of BTC actually reaches $100k, we can already make a profit of around 80%. This is a big dream for many people, in fact some predictions are that the target will be above $120k. However, I personally don't want to take too high a risk like before with very high hopes.
What's the risk you are talking about? As you said, all you need to do is strategize your selling targets and keep making a profit along the way so that you don't regret it in case the market starts crashing after reaching a certain point because you will have taken profits along the way and you are not holding everything you had. This way, you will have funds to buy back more and also have some assets to sell if the market goes up.
What is not a good idea is to keep holding even if Bitcoin touches $100k thinking that it will go to $120k or above because even if it does, you should at least take some profit when it is at $100k because the market is unpredictable and anything can happen.