Topic: Bitcoin hit 97k (Read 348 times)

At the end of October we saw the Bitcoin price rise from around $60k to $99k. Normally, as Bitcoin price has been increased recently, na over joy go full people wey know the value and invest their money when the price was still around $50k or below that. However, as Bitcoin price don dey rise these days over joy fit full some people body to the extent wey be say dem fit go lose guard sell everything wey dem dey hold believing that the Bitcoin might not hit this kind target again. But the question wey some people wey dey new to game go ask themselves be say, what about those that sell their Bitcoin maybe when the price hit $60k because them no believe say the BTC go reach $90k this year.

Many people have made the mistake of selling their Bitcoin early on, so we should avoid to do the same and regretting it later, while other individuals still want to hold again but dey afraid of the Bitcoin current price. I've heard rumors that Bitcoin has previously reached $100k, so I can't wait to see it for myself.

There's a very high tendency that Bitcoin will continue to increase in value, it went above 97k and later reduced but I think before the year runs out it's going to hit a 100k again. Those that are still hodling should be careful though, volatility is a constant dynamic in the crypto space, we should be expecting a huge dump anytime soon. It's advised to have a target when investing in Bitcoin, so you don't end up taking too much losses. When it hits your target ensure you sell and avoid been greedy. Now is the time to take advantage of BTC, congrats to those who were patient enough.

This is quite a milestone for Bitcoin, reaching this height is somewhat unique but nevertheless Bitcoin still has a long way to go .
And mind you if any hodler decides to sell at this point it should be up to the hodler's choice and perception of the market. Thanks for the kindled advice anyways.
But everyone has that decision to make themselves.. whether to sell or hold and expect positivity.
Its your choice to make.

Honestly speaking, I expected a massive pump but not so early my thoughts were that it would happen early or late Dec period but here we're, yes the month of November is a bullish month but I was expecting it to be around 70 or 80k mark then pump immediately to 90k then 100+ around Jan 2025. Atleast this would teach doubters that Bitcoin has lots of potential to go higher and it's best to seize the opportunity to buy now that it's way cheaper, one  mustn't wait for the price to dip before buying cause while waiting for dip the price could just skyrocket to an ATH that would make the person regret, imagine waiting for Bitcoin to dip when it was 70k then before you know, it's 90k plus and going to $100k. Anyways , it's not bad for someone who's held Bitcoin for about 4 years and more to take profits but on a second thought it would be wiser to take some portions and continue holding and accumulating with the remaining instead of taking all.

That is how it is, despite them selling at that price we can't argue if they never made profits, i am sure they made huge profits because they bought at cents then selling for some thousand dollars, it is a good profit from any investment. We might be mocking them for selling then but forgetting that same is applicable as of now, if we should sell at this point in few years to come we will be rocking on X5 and more of what the current price is at this point. The most important lesson here is to make sure in our Bitcoin journey we should be numbered among those who made fortunes from their investment portfolio.

Right now I believe everything wasn't sure of the pump being so rapid because from many talk and gist I have read here everyone or should I say majority of Bitcoin enthusiast were speculating the massive pump to be in the year 2025  which everyone knows completes the four year circle although I don't know if the pump would continue still after this price pump because whether we believe or like it or not they would be retracing of the price and also a bear season will still come but if you are the investor that plans to hold for long then all these shouldn't be an issue for you.

It is believable that the price of Bitcoin is likely to multiply and holders should decide to withdraw themselves from the idea of ​​selling now. New ATH is breaking every day and I believe that Bitcoin can reach a unique high. Long-term investors can claim higher returns than short-term investments. Bitcoin holdings should be held through patience in the current bullish market. I agree with you and I would suggest that those holding bitcoins should hold for a few more cycles in the long term.

My broda, dis thing don dey beyond Trump now as e dey be but Trump na catalyst to how d price enta craze mood. Make we just sey, Trump na d Ugwali brand of marijuana wey BTC smoke to dey do dis volatility wey e dey do now. But even without Trump, BTC for still pass $100k.

I nor know d data wey you dey look at but from wetin me dey see, Bitcoin nor dey struggle to reach $100k. D dude even did $99,600+ yesterday, breaking its two days ago ATH of $99,400+. Wetin I see wey dey happen be sey na small manipulation wit whales to get out those wey dey expect retracement at dat psychological level of $100k. So many hodlers dey target dumping around $100k and den buy back from d action of their dump. Bitcoin fit disappoint dem and zoom pass dat $100k before retracing later.

Well, while dis isn't a financial advice; make I just drop something for you. By dis time 2025 (dat's November 2025, right?), na red we go dey observe for dis space. Go check historical data and you go realize how shortlived bull season dey be. I nor go talk pass like dis.

as I write btc is $99k. This na correct news for all investors and if you no get other source of revenue nothing sto you from removing small gain go chop bole. We invest so we no go stay hungry.  Money no go dey ur account u go dey hungry bcos say na future savings, what if u kpa, lolz.   But keep holding, just as the OP talk na just de beginning be this.

In 2016 1btc bin 300k , in 2024 na 164m. So in 2028 e go loud too, so keep holding mates.  Bitcoin is our future.

Bitcoin go soon reach 100k I no expect say to see this kind pump for the market. I know say after Bitcoin halving, Bitcoin price go pump but na from next year I dey expect to see the effects of the having. This pump we dey see now na because of US elections.

Those people still cash out because I believe say them been buy Bitcoin at a cheaper price before them sell am for 1k. Bitcoin don reach 99k, collect profits if you want because the market go retrace sooner or later.

150k is a long way to go from here and before we achieve that price benchmark alot of millionaires in dollar's would have beenadenat least from day traders, and also holder's who bought large amount of Bitcoin during when the price of Bitcoin was at discount price, so for sure we can't sa never but for now Bitcoin have been struggling to reach the 100k benchmark and that have become a tough benchmark to achieve for Bitcoin.

Bitcoin may likely be around 150k by this time in 2025 but not until then, we are going to be seeing some significant market movement that could take everybody by surprise and longer time is going to be taken before we see such miracles happening in the Bitcoin market.
Sometimes because of the persistent increase in the price of Bitcoin, some people make statements that are over the reach of Bitcoin within Short-term speculation so whenever anyone wants to make such Bitcoin price speculation, there should be room for them to include a date so that we should know if there is speculation is based on short term or long term forecast.

People have been having this feeling now for a very long time now that bitcoin is going to get to 100k and that is exactly what is happening now, and don't be surprised that the moment it get to 100k it might even go pass the 100k because this was the least thing that was expected in the period and we all know that bitcoin have been predicted to get to this price and it actually did and that is why I keep telling people that everything in bitcoin investment is timing look at those period that they thought that their is going to be halving and ETF the impact were minimal compared to this.

And this is the period that profit is going to be made because what will now be the essence of investing and not making profit so holders now will be encouraged to want to invest more because does that are holding have been holding for a long time and if you look at it their are people who would have sold their people that they would have sold there's and all they regret to deal with.

Na this your comment, catch my attention. Baba my mind dey do me one kind for this $150k but e be get one thing way I don learn and that one be say Neva tok say Neva. As e be now na only Trump fit make us see BTC for that price by that time next year..bet eh e get any price mark way be say BTC fit reach wey the price nor go increase again?

Wetting you talk na true say make we no sell to soon as bitcoin don rise like this, but on how the matter be, plenty people go still market dere bitcoin settle some issues wey dey dere neck. So we not fit control anybody wey wan do Wettin E want but even say Di person wan market am, make E be small ad remain the rest for him wallet because bitcoin go still pass as dey like dis.

@bariku where I for chuk mouth, oga brainboss don chuk mouth for dere. 10 to 20x no be here or no be today Waka because E fit take 10 to 30 years E fit take am 5 years too, no body really know but make we just HODl Naim be the Koko because we go still see more by next year or upper one.

Na true talk you talk and I really appreciate the way you put the matter even though say this kind of talk don plenty for forum I believe say it really worth reminding because that is the only way person fit make some big out of Bitcoin. But however one thing for sure be say where Bitcoin dey now and when we buy our Bitcoin is not enough reason to sell what matters most is considering how much of Bitcoin do we have including how long have we been able to hold, with Bitcoin investment and following good approach towards it creates a very big opportunity of building a generational wealth, that has had always been my concern.

If e get one thing wey I don learn from JJG, na the fact say those people wey Dey sell their BTC holdings simply say them don make small profit or wetin them feel like say na huge profit, them go later Dey regret when the price go start to Dey surge again, na just wetin happen to those people wey sell early too several years back, cos if them look at today price, even if them no talk am, me I know say them go still Dey regret am, and now some of them self no Dey opportune to invest for BTC again. Some of us no Dey opportune to invest for BTC, no be say the money no Dey, but me I believe E Dey take some level of knowledge and enlightenment to actually comot money to start to buy BTC, so even as BTC price Dey surge like this, those wey no invest Dey regret say why them no invest, even those wey sell early Dey regret why them sell early.

If person don bring out mind to invest for BTC then make sure say you go look beyond all these small small profits wey dey enter like this cos if you still collect those profits, you don go back to where you been start, but the power of compounding and long term approach, you go get more chances to blow for Bitcoin in the next few years. No be joke, if person go fit bring out mind Dey invest for Bitcoin consistently either by DCAing or any other effective approach for the next 4 to 5 years, WITHOUT, withdrawing or taking profits, then you go really understand wetin people Dey talk say BTC na E be the new update, E no matter how small, every week person Dey drop the least for their holding, 5 years self far.

even though the 10x to 20x when him use de somehow big, e no be figure when de entirely unrealistic considering the possibilities when de associated with bitcoin. remember say at the time when bitcoin came in, we never de technologically inclined like that and that one follow slow down the rate at which bitcoin price take shoot up because a lot of people still preferred to invest in a physical asset rather than a digital asset. but for now, times have changed and people right now will prefer to invest in a digital asset any day, any time over a physical asset and that one na still instrument when de follow contribute to the bull when bitcoin go likely continue to de experience in the now and the future.

we don already reach $99k and within the day, we go touch down on $100k and the question go be, what next? will bitcoin suddenly DIP? big investors go continue to come into the system and we cant entirely tell what the future holds for this digital technology which likely will continue to boom further than e de now. i still feel say the journey ahead de obviously better than e de now and so selling your bitcoin even when it gets to $100k would not be the best of decision.

It actually possible but he compliment his statement with 'nearest future"... how near we don't know but the 20x seems somehow though....
Thus, u suggested taking profit and reneter again... which means renting in a beat market, you need to know that once you opt out to get in will be hard and tricky to get back in and you might never see a good price entry you seek... you might even end up loosing all your recent profits with that (it just how we are programmed , you're only after profits (at the momen ... any small loss on your portfolio will trigger panic ) , why selling when you know you will still buy back,it's not like you will be buying with the whole profut you earned previously... Don't get me wrong if your portfolio can serve you profit then you can take profit

10x na $970k be that oh so make you dey know wetin you dey talk before you write am and if na 20x you dey reason, that should be around $2million be that. I no dey say e no fit happen but that won't be in the nearest future.

The price target of Bitcoin is now around 2-5x in each bull season. That's a very decent price considering say most investments give between 50-100% and not the numbers that Bitcoin has been giving since its creation. Keep hodling sha and not selling.

If na when go be the top of the market or peak as una dey talk, we never near that one but hope dey to make more profits just by hodling and waiting.

This your prediction to dey ambiguous, we know say anything for happen based on say if we look d way Bitcoin don move since em com out but this 10x of the price now wey u dey talk na 970k, omor na 100k we dey want make e reach fes before we go anticipate new ATH so make we no use big eye follow am now we go com dey greedy so tae even for bear we  no go gree take profit, always take profit and re-enter again.