Topic: Buy the DIP, and HODL! - page 9. (Read 121535 times)

Your approach is a bit wired to me, that bitcoin price is increasing doesn't mean that an investor should go outside his means to invest more in bitcoin. Even before the increase started investors already knew that a time like this will definitely come, so it didn't take us by surprise. So you don't go about spending more of your income in bitcoin, because bitcoin has started increasing. Remember our daily needs don't reduce because bitcoin is increasing, instead our daily needs keeps increasing as well. So if you go out of your reach to invest more in bitcoin because bitcoin is increasing, which money will you use to attend to your daily needs/expenses? Even in bull or bear seasons, the only time you should increase your investment amount is when your resources increases.

The price of Bitcoin have hindered many people from buying it, that's why you'll hear some saying they're waiting for the price to drop so they'll start buying but that's a very wrong idea based on the volatile nature of Bitcoin, why they're waiting for the price to reduce it might even go higher therefore anytime is the best time to purchase it, Bitcoin is still cheap and people need to over look the price and buy now that it's still below the 100k mark cause a time would come when Bitcoin would get past that figure and those who didn't seized the opportunity to buy now cause the think the price is costly would definitely regret in future, for instance those who didn't buy Bitcoin when the price was below 30k must be regretting currently and that's how it would be for people who are still contemplating on buying now. Bitcoin is bullish currently and it's price would continue to increase so why wait rather than join the moving train and use good strategies to accumulate more.

You sound like someone who is going to easily sell his coins and also to stop accumulating bitcoin because you are so "wowed" by the price, merely because we are once again touching on new ATH prices.

This is not as AMAZING as a happening as you are characterizing it to be, and largely we already expected that we would be touching on new ATHs again, even though no one can really have much confidence in regards to when exactly such ATH prices (and price discovery) is going to resume or how long it will go or how far it might go.

Perhaps you are so WOWed by bitcoin because you have ONLY been in bitcoin for less than 2 years (if we go by your forum registration date?), and hopefully on a personal level you are continuing to accumulate bitcoin unless you might have had been able to sufficiently and/or adequately front load your investment into bitcoin over the past 2 years, yet from your tone, I have my doubts that you have been either aggressively accumulating bitcoin and/or front loading your investment into bitcoin in the past couple of years..

It is one thing to merely be grateful for the ATH returning, but another thing for any of us to be WOWed by what seems to be potentially early stages in this price run (though as I already mentioned, there are no guarantees with where we are going or how far we might be going this time around).


Oh?  you are planning to play the wave?  And you believe that BTC prices are high at $80k?   Seen plenty of you kind of guys getting into bitcoin over the years, and similar to guys at various points selling too much too soon based on their feelings of dollar profits, and then what?  You are still going to end up being poor as fuck since you seem to be failing and refusing to really recognize and appreciate the true long-term power of bitcoin.

But, hey, whatever, you do you.


Even if you say it, I doubt you even have any idea and/or plan.. especially since you are contemplating selling rather than continuing to buy, which it is difficult for me to imagine very many folks who have actually gotten enough BTC in less than 2 years of accumulation, absent some real and/or meaningful abilities to front load their BTC investment.  Perhaps you are the exception, but I have my doubts.


At least you are not completely dumb.  You recognize a need to continue to accumulate bitcoin.. Hopefully you are not too blinded by merely considering buy the dip, unless you really have already accumulated a lot of BTC already.. yet it is ONLY you who can figure out if you have accumulated enough or more than enough BTC.

My we could try a test..? and any of you guys (newbies or even not newbies) can try to answer the questions of the test.  

Let's say that a guy has been investing aggressively into bitcoin for the past 2-ish years.. maybe this guy has an income of around $30k per year (which is around $2,500 per month), and his expenses are around $1,500 to $1800 per month, and within this context, he has been investing into bitcoin fairly aggressively, right around $150 per week.  This guy has also solidified his emergency fund during that time since sometimes he ends up getting bonuses and other ways of either cutting his expenses or increasing his income, and otherwise he has established other kinds of decent back up funds for his various expenses and wants.

So in this situation, the guy has invested right around $16k.. which is pretty damned good in such a short period of time, and he has accumulated nearly 0.5 BTC, which also seems to be putting him into a pretty decent place  

A this time, part of his general plan has been to just continue investing $150 per week into bitcoin, yet he is also becoming a bit torn about the BTC price rise and about whether he might need to change his strategy based on such current market conditions, yet at the same time, he has been still largely continuing to buy $150 per week.

By the way, based on the whimpiness of his post, I have quite a few doubts that @Solokan would be even close to this level of performance in the past two years, even if we might tweak the numbers to account for his actual income level.

So let's describe a bit of a dilemma for Solokan and anyone else similarly situated.  what you going to do if right now you were to receive an extra $6k that had not been anticipated, and since you largely have your finances in order, you are able to allocate it to bitcoin, so right now the $6k has hit your bank account or perhaps you have received an envelop with $6k how are you going to spend it?  Are you buying BTC with it?  or waiting with it?


I doubt most investors are waiting to sell at $100k.

you can believe whatever you want, which is similar to what was believed at $1k and also at $10k, and sure there were some folks who sold at those prices, but they were largely reckt by selling too much too early, and they surely were not "most" of the coins, even though they were likely either weak hands or people who failed/refused to sufficiently understand bitcoin.

Hopefully guys who are mostly participating in this thread are not going to be so lacking in foresight.


The ones who largely hold onto their investment into BTC are way more common than what you are making it out to be, so good luck when you sell your BTC .. too many too early.. and hopefully you are able to get satisfaction out of the things that you buy and still be satisfied with your choices 4-10 years down the road when you have way more coins than you should have had since you may well had been expecting to buy back lower and you end up not being successful in the fulfilment of such fantasy.


Guys who bought in the mid-$200s in 2015 made a killing in 2016 and even 2017 when they were selling between $800 and $2k.. They made anywhere between 4x and 10x.. but they were never able to buy back cheaper at any time after 2017.... so they ended up with way fewer coins, even for those who were psychologically able to buy back higher than they sold.

Regarding your suggestion that there is some kind of a burning need to sell BTC at $100k for guys who have been into bitcoin 2-3-4 cycles, why?  It could well be the case that longer term bitcoiners can sell some of their coin at any price, so why would they be particularly motivated to sell any high levels of coins at or around $100k?  So for example a guy who has been in BTC for 3 cycles (that would be since about 2012-ish or 2013-ish.. he could have average cost of BTC anywhere between $50 per coin and $1k per coin, and so why would he give any shits about $100k in particular.  he might have anywhere between 50 BTC and 5,000 BTC, and sure the more coins that he has, then the more cushion that he has to work with, yet I have trouble seeing why he would be motivated in particular to sell coins at or around $100k.

You seem to be engaging in a fantasy if you believe that $100k has any meaningful significance, even though sure it is possible that the price might bounce around there, yet it is also possible that the BTC price will just blow past there too, so anyone holding BTC for 3-4 cycles should have already gotten used to various price points that the BTC price may or may not get stuck and/or may or may not just go flying through there.

In other words, you seem to just be caught in your own narrow vision if you believe that $100k has large amounts of significance, even if there have been quite a few vocalisms of $100k in the past 5-ish years ..

but whatever, we will see.  If you want to play a trade around $100k, maybe you will get lucky with your execution of such  play, and hopefully you do not end up overly playing your hand and then crying because you end selling way too many coins too soon out of your anticipation that you believe that you know what other people are going to do.


Yeah right.  


Yeah.. it is kind of funny that Jewan420 has ONLY been a member of the forum for less than a year, and all of a sudden he seems to know that bitcoiners are selling their BTC at and around $100k - and hopefully, he is not dumb enough to take his own advice, and he probably needs at least 3-5 more years accumulating before he will even be in a position to sell his own BTC, but no instead, he is smarter than everyone else and he is going to start selling around $100k, presumptively he is going to buy back cheaper, so he is going to end up richer than everyone else who had been staying focused on buying BTC through these times and through our presumptive passage through the $100k price arena.


There are likely some strategies that are better than others, yet each person has to decide what fits for his own situation, and surely some guys are going to make mistakes along the way.  Sure they may well end up learning from their mistakes, but they might realize they made mistakes because they failed to employ a very good strategy, and they end up having to pay a financial and/or psychological cost for the mistakes that they made.

Some guys can learn in advance not to make as many mistakes, and surely, I am not even proclaiming that there is any perfect strategy, since frequently there are going to be trade offs, and many times we know that it is much better for a newbie to start out right away, since he does not have any coins.  Yet, if he has $6k to invest right from the start and he has right around $100 per week of disposable income that he could use to invest into bitcoin, he is going to need to make some decisions about what to do, and whether to use all of the extra $6k to buy BTC right away, or if he might spread some out with DCA or decide to hold back some for buying on the dip.  In regards to how to use the $6k, some choices are better than others, and yeah sure maybe we need to know more particulars about the guys situation in order to make some suggestions in regards to how to treat that $6k that is available.

Personally, I believe that the guy needs to attempt to figure out his 9 individual factors, and he may or may not make mistakes in regards to figuring out his 9 individual factors, and surely I am not suggesting that the guy necessarily needs to spend a lot of time on his 9 individual factors right from the start and prior to deciding to do with the $6k, yet I am saying that each person also needs to attempt to figure out what would be best for his own situation, and some choices would be better than others, but at least if he has a decent framework in regards to considering how to start, then at least he is on the right path, even if he ends up making some mistakes.


How could you presume that DCA is not already sufficiently aggressive?

People do not necessarily have lump sum available to them, and frequently DCA is as aggressive as anyone can get.

Within DCA, you can structure it aggressively (such as using close to 100% of your discretionary income to buy bitcoin), or you can structure your DCA less aggressively, which you seem to be presuming that people automatically choose a less aggressive DCA approach as if normal DCA is not aggressive enough.

There may be some instances, in which you are suggesting lump sum, yet you are assuming that newbies have lump sum, which probably more often is not true rather than being true. Most of the times, newbies don't have any lump sum, and they barely have any savings at all beyond perhaps 2-4 weeks worth of cash that is meant to cover them in case they have some issues with their income or their expenses... So the mere fact that they might have 2-4 weeks of cash available does not even justify that that cash should be used to buy bitcoin.


Exactly!!!!  Staring like a deer in the headlights, and that is one of the reasons why one of the best (if not the best) of strategies for a newbie is to get started no matter the price, and then to figure out the details later.. which means that their action is getting them to buy some amount (hopefully a small amount), and then to study their situation to figure how to proceed and how much to start investing on a regular basis, and if they are having difficulties figuring out their own cashflow situation (like how much discretionary income that they have), then they are probably best to attempt some ballpark approximation, which might mean that they estimate that they have somewhere between $100 to $1k of discretionary income per month, yet since they are not sure, they might start out by investing only $10 to $20 per week into bitcoin, and as they learn more about their discretionary income and their other cashflow consideration matters, then they may well learn that they are in a position to increase their weeklyDCA as their information becomes more concrete including their confirmation of the level of their backup funds and their emergency funds.


Surely it can take a long time to build a BTC stash, and there also may be long periods of uncertainty and even negative portfolio values, and maybe even some mistakes along the way in which we might have to increase or to decrease our DCA amounts, but surely there also tends to be some value in persistency in continuing our ongoing accumulation of BTC, even if sometimes we might question the profitability of our own approach and even though the results are not guaranteed, yet with the passage of time, we may well get various signs along the way that we are on the right track and so some of these pumping periods can feel like a confirmation that might not necessarily cause us to change our actions, yet the pumping periods still can be nice to experience in order to receive periods of confirmation that we are on the right track, even if we might not have had completely finished our BTC  accumulation journey, yet... since it can take years and years and years to really get to a place where we might be able to sit back and to feel as if we have already accumulated enough BTC or more than enough BTC.


These can all be learning points because sometimes we might not realize the mistakes that we are making, for example to invest beyond our discretionary income or perhaps to take from our emergency funds to buy bitcoin, yet if we catch our mistakes before they become too severe, we might not even have to sell any BTC in order to recover.. .. and so sometimes we might be able to realize our mistakes, especially if we have already developed several good practices, and perhaps even we have developed various redundant and overkill back up systems, so when we actually make some mistakes, we can end up recovering in such a way that we are able to stay in the game, learn from our mistakes and perhaps become a stronger investor because we were able to discover and to rectify our own mistake prior to our mistake blowing up upon us and either causing unnecessary losses or perhaps completely taking us out of the game.  

There surely are some folks who make mistakes that are so BIG that they never are really able to recover from them, such as losing large portions of their stash (like 70% or more), yet if you have good systems in place, sometimes you could have regrets about making fairly BIG mistakes but still being able to largely stay in the game and perhaps ONLY get set back a few months  or maybe a year rather than getting completely taken out of 10s of years of investment..... which should be scary to anyone in terms of how much of their stash they might be putting at risk if they are engaging in risky behaviors and how many back up systems that they have in place to account for possibly bad outcomes that sometimes inevitably come in bitcoin with outrageous price runs that can go in either direction, and frequently damages can happen in either direction if we might have had been employing systems that are hedged too much in one direction rather than the other or rather than being more balanced in accordance with our own financial and psychological circumstances.


Surely one of the advantages of already having systems in place in which we are buying bitcoin regularly, then we surely are in a better place to know what we are going to do with a lump sum amount that all of a sudden comes available to us... rather than just blowing the amount on something that might not be as good for our down the road financial situation.


I agree.  Take these promises and pieces of information with a decently large grain of salt.  Sure some guys might want to change their behavior a bit, and maybe instead of buying $100 per week, we start to buy $150 per week, and as long as those kinds of changes are within our budget, then there is nothing wrong with tweaking our approach based on new information, yet at the same time, we surely have to be cautious to continue to have good systems in place and to realize that many times we have seen all kinds of up and down predictions regarding bitcoin and various reasons that we have to be careful to not be overly reliant on any one story, and to make sure that we are hedged for a variety of outcomes, and yeah there could be guys who previously were whimpy in their BTC accumulation process, yet various aspects of the Trump news has contributed towards their employment of more aggressive bitcoin accumulation strategies, and I would think that as long as none of us is using leverage or getting overly greedy, the we should be fine either way, even though sometimes it can be a bit tempting to go overboard, and so we likely still need to be careful that we understand our own financial and psychological limits, and sure if we decided to get an extra job where we are able to bring in an extra $300 per week to be able to buy bitcoin with that, then sure that might not be a problem, especially since we are able to determine whether or not we have the time to carry out that other job and hopefully we are able to also figure out if that is a very good use of our extra time, and ONLY we are going to be able to figure out if we might be over extending ourselves in our own limitations or not.


You come off as itching to FOMO, and I doubt that investing into bitcoin becomes more urgent merely because you heard some good news and several of your wet dreams about bitcoin are falling into place.. .. but anyhow, you do you, it sounds to me like you are becoming overly emotional and overly excited... so hopefully you are not employing strategies that reflect too much emotion, since each of us should be trying to be measured in our approach, even though surely I understand that guys have inclinations to get excited.

Regarding the bull market, I would suggest that we have been in a bull market since November 2022, yet w might not have had realized it since either mid 2023 or perhaps late 2023, yet our little lapse of UPpity price movements in the bull market for the last 8 months, that did not take us out of the bull market.  You sound too emotional and too much like a trader if you consider that bitcoin pops from bull to bear and from bear to bull and back and forth in short periods of time, which seems almost retarded to me, even though surely I know that others talk in these kinds of confusing ways.

You can decide to increase your investment at whatever price currently show up with bitcoin, but try to check first if you are capable to spend a lot without other important things getting affected.

What's important here still consistency since we need to keep acquiring despite of we see bitcoin price rise at that figures. I don't usually increase my investment size if I know I don't have money left after I do that. So set up first those things you need to do then what amount left on hand is I think fine to use to buy bitcoin to increase your portfolio.

DCA is for consistent accumulators and not only for those people who's willing to increase there size when there's huge pump came.

We don't just have to worry about the price of Bitcoin, we have to increase our investment as the price of Bitcoin increases. Because if we don't invest as soon as possible then we must regret later, Bitcoin price will surely touch 7 digits and it is most likely to reach 150k dollars.
So as of now we only need to follow the DCA method in Bitcoin as the price of Bitcoin is still under considerable control of investors. Because the price of Bitcoin has started to rise, we can feel that the current time is the pre-bull market, and the price of Bitcoin will start to rise from now, and it will be resolved in 2025.

I want to correct this impression that the dca strategy is a slow process , the DCA strategy is not a slow process of accumulating bitcoin rather it offers you the opportunity of accumulating bitcoin within your discretion. To me the dca strategy is fast strategy that offers low income earner the opportunity to start bitcoin journey with the discretionary income within there disposal without missing market opportunities.majority of people in this platform start ed there btc accumulation using the dca strategy ,if they how thought of the dca strategy as a slow method of accumulating bitcoin and decided to wait , maybe when they will have enough money in there discretion or to wait for right dip that is suitable for them .They would have missed so much market opportunity but the dca strategy got them cover.so to me consistency will play a great role in the amount of bitcoin we have ,let me quickly cite this two instance an investor that did lumpsum with $1M dollar for 2 years and an investor that is decaing with $100k monthly for 2yrs. You agree with me that the second investor has accumulated more bitcoin than the first.lastly is not about being aggressive without having the emergency fund to be able to hold the bitcoin you have in your portfolios for at least 4-10yrs.

I think we should wait till the Bitcoin Strategic Reserve is implemented before we can talk of a price target of 7 digits because for now, it is assumed that every positive thing Donald Trump said about bitcoin is still a mere campaign strategy till when he assumes office and start implementing them one after another. But whether strategic or no strategic reserve, bitcoin will still approach $1,000,000 and that is the most important thing. The only difference is that if bitcoin becomes a strategic reserve, there will be a driven force that will spark the price to experience a breakthrough and approach unbelievable milestone more faster than it would have been without being a strategic reserve.

Bitcoin has already and always been good before now if only we will not always be in a hurry to forget how Bitcoin started and what it was even before the election. However, people shouldn't be overly excited about Trump promises towards Bitcoin as not to be disappointed if things goes below their expectations, no one should be carried away and use the money that is meant for living expenses to buy Bitcoin in regard to Trump promises, stay within the comfort zone of your investment and never make any investment decisions based on the market sentiments because if otherwise one might get in to trouble of selling when they are supposed to be buying.

It depends on the investor discretionary income that will determine the amount that he will use to DCA either aggressively or not. Also you will not say that because I can only be able to afford $50 every week to buy bitcoin, that my bitcoin investment will not grow gradually ans increase in size overtime.

Whoever wants to start his bitcoin journey now should use whatever amount from your discretionary income that will not be a burden to your finance to buy regularly every week despite the price of bitcoin currently, so that you can start accumulating and growing your bitcoin portfolio your little way that will kee your consistency and persistency on buying always, and I assure you that you will be surprised at how much bitcoin you were able to accumulate in the long run.

If you feel that you are late ans you go and accumulate bitcoin over aggressively beyond your discretionary income, you are doing yourself, because it is likely that you will sell your bitcoin at a cheaper rate ans run at loss when you need those funds for your important needs. What's important is that as a long-term investor on his bitcoin weekly accumulation journey, you should have plans to increase the amount that you are using to DCA when you are opportune and also look for means on how to increase your income so that it will be possible for you to increase your DCA amount when the time comes in order to accumulate more bitcoin faster overtime.

Whenever extra funds comes around that you don't expect, you can use that to lump sum immediately. Bitcoin is a long-term investment, and no one knows if along the line of our bitcoin accumulation, we will have the opportunity to have a bigger income that will make use investment aggressively for a long period of time.

They like to see the price go down and even if it happens, they just stare on them.
While legends like us, we take actions and commit ourselves whether by DCA or lumpsum. There's a huge difference of what we do from them and then when the price pumps, they complain and bla bla bla all the reasons.

To be honest with you, I feel that anyone getting involved in bitcoin now will do better if thought is given to hybrid system of DCA method and lump sum buy than focusing only on the DCA method if the investor want to get a nice amount of bitcoin before we leave the sub 100k region. I'm saying this because something tell me that the new found strength of bitcoin is and enduring one that will see bitcoin remain in steady rise for the rest of the year even until next year. The atmosphere is supportive of this and the coming of Trump will set the stage for future gains if he makes good his promises about bitcoin. Therefore, instead of the slow process of using the DCA method only, a more aggressive approach is most appropriate for anyone with the capital readily available and willing to get the bag filled. 

New investors can still take advantage of the Bitcoin train by accumulating and still hodling for the future as we can see Bitcoin price will surely skyrocket above the current price it is now.

Also Bitcoin as a volatile asset doesn't have a fixed position or fixed price as Bitcoin will definitely not be in the same position it is right now.

As a new investors adopting the DCA strategy will be nice as it will help to accumulate Bitcoin regularly as it could be weekly or monthly and hodl for 4-10 and more in other to have a reasonable quantity of Bitcoin in his/her possession.

This forum has really been help for bitcoiners as it has added more knowledge and through the information and teaching given by JJG in this thread also which has also given more insight on how one can go through and be successful when investing in Bitcoin.

No strategy wins it more than the other, it is just your personal strategic preference of accumulating bitcoin, what wins it is you accumulating good quantity of bitcoin, the result is more important than the process. Some people possibly lump summed from two days ago and they won it because they bought more stashes of bitcoin, I think someone who bought $30k worth of bitcoin yesterday at $75k would be more profitable than another person who started earlier this year and DCAs $500 monthly, even if he bought bitcoin when it was less than $50k, it would take him more time, an estimate of slightly less than 5 years to get to the $30k worth of bitcoin and by then bitcoin might have been well over $150k and the $30k  would have appreciated to maybe $60k or more, setting the pace farther for the DCA guy to catch up. So, you can guess yourself who is winning it. Let's not shift our gaze from what is most important which is accumulating more stashes of bitcoin for ourselves and spreading the gospel for more adoption of bitcoin. Every strategy wins it, as far as you are buying more bitcoin and not selling, you are on the right track.

That could be true though, but each of us surly has a starting point. joining the train now doesn't mean a failure or being too late. bitcoin volatile nature permits it to grow continually as time goes on and creat new ATH in each circle. Surely everyone must not start investment at thesame time, when you start your investment may be when you where are convinced to know the importance of bitcoin investment, or could possibly be that it was the time you knew bitcoin. so surely each of us has a beginning  and we must be serious to accumulate bitcoin and hope for the future benefits, and not feeling discouraged of the current price of bitcoin. because in the nearest future people will still regret of not had been accumulating when bitcoin was less than  $100k. So surely peoples success or achievements now should ring as a bell of reminder to accumulate now than becoming a procrastinator.
 
It's up to them and how they feel, but of curse I don't care if they sell too quickly for short term or not. Even as we have our differences, everyone is prun to make their personal decision including selling off too quickly.

And who said bitcoin will maintain it position for 4 year? As far as I know bitcoin is volatile and has the potential to change in price in a circle of 4 years. and not being fixed.

Not actually a bad decision to make, but selling it at profit still depends on needs of people. But if they can able to hold for more years then provably this is the best decision to take since right now Bitcoin gained huge recognition. Also Trump is showing good support on bitcoin so provably that there would be a good policy created that allow bitcoin to acquired and be recognize by Americans or globally as good asset.

I'm excited more about bitcoins future and this gives me more confidence to acquire more bitcoin and continue my long term journey. Also other or lots of holders got inspired more to continue and increase their investment since they see good developments now that Trump became the President. This is early success gotten by bitcoin holders.

I think it will be stupidity for anyone who has been holding bitcoin during the dark days when bitcoin was continually prosecuted by governments around the world, to sell it now that bitcoin is about going mainstream. There will be high demands for bitcoin henceforth, so selling bitcoin now will be stupidity. When Trump assume office we are even going to see more hike in bitcoin prices. Although some institutional buys are already in the market as we speak. They won't get my bitcoin, instead I will keep accumulating along them.

How did you know this, I think you should speak for yourself and I disagree with you that most investors are waiting to take profit at 100k, because 100k is not the highest price that bitcoin will get to in life. There are a lot of old investors who have understood bitcoin potentials very well, they don't have plans to take profits at 100k because they know that bitcoin is still growing in value and selling is a bad idea to them. That's why they are advising new investors not to sell but hodli for long.
 
Don't allow short-term profits deceive you into selling your bitcoin within a short period of time when you are suppose to be building and growing your bitcoin stash overtime for your future. Bitcoin can do better than what you are seeing today and that should be a good reason for you to have the determination of being a long-term investor and believe in bitcoin that it is capable of multiplying value overtime because you have witnessed the price growth of bitcoin and can testify to it.

 Traders are the ones after short-term profits like what you are saying and they do run at loss in the long run, because they will not give themselves the time and patience to grow and build their bitcoin stash to a good size overtime as backup for their future. Don't think like a trader because they are like gamblers and they are losers in the long run, but be a long term bitcoin investor and build through regular weekly DCA and mix with with lump sum, because they are winners in the long run.

This sounds like more of trading, if your target is $100k then there's no need to call yah self an investor rather a trader , because I can someone that's new to bitcoin haven't gotten much accummulation for he or her self target be $100k, most people that have their target to be 6 digit are mostly those that have gotten enough bitcoin stashes in their portfolio. And the thing is that most of them ain't planning to sell all their bitcoin so don't make it sound like that, because even the old investors may still continue to hold bitcoin because they believe that there's still more space for growth in Bitcoin.

So rather they will choose to sell some percentage from their stashes , because selling all your Bitcoin after coming this far is not smart at all especially for those who new to bitcoin because you not be chanced again to buy bitcoin at the previous low price you once did , because some folks started buying bitcoin at 3 digits and now bitcoin is 5 digit do you think they can buy bitcoin at that low price again (nahh they won't) .

It baffles me that most Bitcoin investors still thinks this way, it's a welcome development that the value of Bitcoin is appreciating now and it's has created a new all time high two days consecutively, but that doesn't change anything to me because 76k is nothing compared to the actual value of Bitcoin in the future, or are you planning on selling now? which to me is like selling for minimal gains when you can make even more in the future.

To address the statement I made bold in your write up, bro due to the huge potential of Bitcoin and it ability to appreciate in value overtime, now is the best time to invest in Bitcoin, because we are still in it early days, so I believe that it can still do up to 10x to 20x in like 10 to 20 years time from now, so tell me why a newbie investors can't seize this golden opportunity?
It's only traders or those that plans on selling at this price or for minimal gains that  would be thinking that they have missed out, because to me, nothing has been missed, the opportunity is still here even as am speaking, so it's best for all newbies investors to seize this opportunity now that we are still in it early days.

Agree with you on some points but disagree with you on one point. Not only are new investors waiting to sell when Bitcoin enters the six-figure range, but most investors, both new and old, are waiting to sell at $100k. There are some seasoned investors or old investors who will wait for seven figures, but we will rarely see such investors.

What do you mean, people who have been holding their investment for three or four cycles shouldn't be selling at $100k? If you've been keeping an eye on Bitcoin prices, you'll know that Bitcoin hovered around $29k-$35k earlier this year. Even if one had invested at the beginning of the year he would have made almost 3x profit at the time of $100k. It is equivalent to Trady but profitable. A novice investor may not want to sell their investment so quickly. But we would be wrong to say the same about old investors. Because old investors may have an elegant time selling their bitcoin stash for maybe $100k.