Many of us are eagerly waiting for Bitcoin to hit $100k. Are you planning to sell after Bitcoin hits $100k? Or are you planning to make your investment last longer?
Lot of people with their target on how they wanna hold bitcoin, some wishes the price to hit 100k so they could sell of their holding and take profits, while some people would hold for decades provided the price kept increasing it gives them joy to hold longer. But when price is declining they wouldn't think to buy because they had already reached their investment limits and just hoping for the price to increase so that they would take profits of what they had invested initially.
To get profit by investing in Bitcoin, you must hold for a long period of time. If one invests in Bitcoin for a short period of time, he will never make a profit but face a loss. To get profit by investing, you must have patience and for a certain period of time. Invest and wait. Only those who can wait and hold the invested bitcoins will get profit and if they lose patience and sell them after investing, they will never be able to make a profit. We have to be careful. Sometimes the market condition is very bad. You will never be disappointed by seeing them.
The current time is the time of holding and those who hold now will be gainers. Because after Bitcoin halving it is time for Bitcoin to hit ATH. And those who invest in Bitcoin now and wait until the US election if Donald Trump is elected will get huge profits. But it cannot be guaranteed that Donald Trump will be elected there so there remains some risk. And no one can guarantee profit by investing in Cryptocurrency or Bitcoin, so you have to invest there with your own responsibility. However, there is a very high probability of a major bull run in Bitcoin
Now is indeed a curious time for those who prefer to wait and are ready to stay still for weeks and months, as all the interested profits are still to come. Since market cycles have relative to halving events followed by price booms, there are targets set by investors to see Bitcoin reaching a new ATH level later this year or early next year. Another important factor that also has potential influence on the market is the external factors – for instance, the US presidential election, which may differ the market in the case of the corresponding economic policies promote digital assets.
But let’s not forget that we must be always reasonable and remember that the cryptocurrency market is unpredictable. It is understood that regarding political conditions or price movements the conditions are unlikely to be fully favorable and investors proceed with their eyes open. Though the chances of a period of strength in Bitcoin are pretty high, the asset may be worth considering for investment.