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if I think that the market will wait for the results of the US presidential election, but this is just an assumption because it seems that investors are not interested in buying bitcoin in large quantities in September. I think this month is a good time to buy potential coins.And also waiting to see how the US presidential election will affect it, if Trump is elected, this will be the main benchmark for Bitcoin's rise in 2024.the election will still be on november still pretty much a lot of days for the market to go in any direction if trump wins we might see some boost but if by november and bitcoin is still below $60k then we might not see a new ath just from the election alone
people expected that september was gonna be the month of the new ath but i think it could just be december
Right now we are dealing with something that is extraordinary which is the fact that we have been stuck between two price points and we keep doing that back and forth. We will break over that 60k point, and I am sure the 70k point as well, its inevitable that it will happen, and all we have to do is accumulate more nad keep holding. I think its clear that we are not going to see this changing anytime soon, and we should be considering that this could be something that will benefit everyone. I think its clear that we are dealing with something that is potentially a huge profit for all of us.I am also trapped in this price because some of the assets I have have decreased in price so we can only survive and wait until the crypto market increases in price again. unfortunately I do not have additional capital so I cannot make any more purchases, I can only wait
There are no business in the world today that has no profit or loss situations, even in our local markets where we engage in buying and selling of foods and beverages, there exists profit and some times losses too. Cryptocurrency is not excepted, and it is a well known facts that the crypto market is volatile, therefore the possibilities to either make profit or loss are certain.
Now, trading crypto efficiently with less losses, you are required to learn the basics to become highly experienced trader. It involves consistency with market trends and also learning from more experienced traders. Again, it involves defining your goals, risk tolerance, entry and exit criteria etc.
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I am looking at an exit plan for when bitcoin skyrockets to $100k-$150k. I believe it will happen next year probably. By that time, most of my investment in bitcoin and altcoins well fetched me many profits. I will be looking at selling some 80% of my bitcoin holdings and all of my altcoins holdings. Failure to do so and bitcoin begin to decrease will cause me to lose a huge amount of profits I would have gained when bitcoin was at a high price.The price of bitcoin will touch $199K next year, many people predict this. I also agree with you, if the price of bitcoin reaches more than $100K, we sell 80% and leave the rest to sell at the highest point, maybe $150K, so that we don't regret that we sold bitcoin too low if there will be a highest point.
Without a doubt, the majority have a plan, and it is in some ways the right thing to do, but I think that a large majority does not think that way, they simply hodl their bitcoins, and when they need it, well exchange, it is that simple for many, others will even leave their bitcoins for decades even as a legacy for others to decide.People who have large capital to buy bitcoin will do something simple, just buy and hold long term. It might even be passed on to their descendants as you said.
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