if everyone just quietly waits for it to reach $100k then who will buy bitcoin at that expensive price? If you want to reach the target price of $100k then there must be a trigger, perhaps from good news circulating in the media, that makes investors buy bitcoin again.
People considered buying Bitcoin for even a dollar expensive
Considered buying in the $50K's range expensive
But what's the price Now.
As time goes on you will realise that getting a Bitcoin for $100K is very cheap. Recall it's an appreciating asset, it's value isn't just tied to the media or news. It has uses and needs it satisfies that makes it valuable.
Even with my sale I still kept 3/4 of my btc its cost basis was 20-30k maybe 24k on average. So I turned a good profit on what I sold.
Exactly. One thing is to hold, the other is to know the right time to take profit. As long as one never become a nocoiner taking profits is a good choice.
Yes, long term is my goal, so again, for those who sold at $73, congrats to all of you for taking profits. And after I said that the price goes down and it had minor correction, it recover again to $70k as of this writing
Yes long term is the goal.But some prefer taking some profit and rebuying during a correction. If it doesn't correct then join the bullish wave since they still have most of their holdings and in time of correction they can add more to their portfolio. There are different strategies that helps, one working doesn't mean the other doesn't Also.There are individuals that $100K isn't even their goal but around the $200K's. HODL is the best approach but only if it is accompanied by Good profit taking strategy.