Topic: Whats your target of achievement in bitcoin in next year (Read 312 times)

My plan is to hit target of $100k and above from the next bull run starting from 2024. But the thing is I wouldn't do it with bitcoin, bitcoin accumulation and trading is for whales. Altcoins will do the magic for me.

That's a tough question to answer, as Bitcoin's price is influenced by so many different factors. However, I can say that my goal is to help people understand and use Bitcoin in a way that is safe and responsible. I want to help people learn about the potential risks and rewards of using Bitcoin, and make sure they have the information they need to make informed decisions. I also want to help make Bitcoin more accessible to everyone, regardless of their level of technical expertise. Finally, I hope to see Bitcoin become more widely used and accepted, both online and offline.

Beyond these general goals, it's difficult to predict exactly what will happen with Bitcoin in the coming year. The cryptocurrency market is notoriously volatile, and it's impossible to know for sure how it will react to future events. However, I think it's important to remember that the technology behind Bitcoin is constantly evolving, and there is always the potential for new developments that could impact its price. For example, advances in blockchain technology, such as the Lightning Network, could make Bitcoin even more efficient and useful in the future. I'm also interested in how regulatory developments, such as the upcoming rollout of the European Union's Markets in Crypto-Assets..

I wish to have the opportunity to hold more of bitcoin than ever, to be able to experience the bullrun profitable investment, this will also come with the decision of reinvesting in it the moment i sell all what I've Invested, i may by that time make use of DCA to accumulate more and hold for the next circle target on halving after 2024, then i will keep moving from there till I've attained a certain limit i could hold onto as satisfaction with bitcoin holding base on the capacity I could afford.

  In starting an investment one need to have a clear understanding  of your goal which will make a very good use of your resources and have the necessary money  on time.
  As a Bitcoin investor in other to have a target you need to know what you are trying to achieve ,that is having a goal, deciding the amount of capital to start with and then fund your investment  and make it grow.

  Considering these factors above, one need to continually storing and accumulating your Bitcoin using the DCA strategy method  to accumulate your Bitcoin buying what you can afford without affecting  your expenses in all aspects of your life either daily, weekly,monthly or yearly until the halving takes  place .

I am still accumulating bitcoin presently, but I still have plans of increasing the amount that I am using to buy weekly, to achieve this, I am working on getting an extra means of income so that it will enable me to increase the amount and also the size of my bitcoin portfolio by next year. I have also decided to use the money that I do get as bonus and traveling allowance to buy bitcoin in lump sum. OP, you shouldn't forget that in the process of achieving your goal, you should have a reserve funds that will make you not go and sell your coin and run at loss.

Buying bitcoin at the dip is the best but it us not the wisest because it is not easy to time the dip and buy at the bottom line. A newbie shouldn't think of buying bitcoin at the dip as the best strategy but rather he should use the regular DCA accumulation pattern to buy bitcoin and he should also keep on increasing his bitcoin bit by bit by buying weekly or monthly. DCA will help you invest at ease and lower the risk on bitcoin investment as long as you are on a long term goal. I don't also think that we can see bitcoin price go below 30k next year, so I think that if you have plans to buy at the dip, this is the best time because we might not see 35k+ by next year 2024.

It's difficult to set a specific target for Bitcoin's value next year, as the market is volatile and there are many factors that can affect its price. However, many experts believe that Bitcoin could potentially reach new all-time highs in the next few years, as adoption continues to grow and more people become aware of its potential. Some people have even speculated that Bitcoin could reach a price of $100,000 or more within the next few years. However, it's important to remember that these are only predictions and there is no guarantee that Bitcoin will reach these targets.



One of the main reasons that some people believe Bitcoin's price could increase in the future is the fact that its supply is limited. There will only ever be 21 million Bitcoin in existence, and as the demand for Bitcoin increases, the price could rise accordingly. Additionally, as more people and institutions start to use Bitcoin, it could become more widely accepted as a form of payment, which could also drive up the price. Finally, as the technology behind Bitcoin continues to improve, it could become more efficient and easier to use, which could also lead to an increase in demand...

If I tok wetin dey my mind, una go think say I get big eye base on say for Naija level, below na the reality:


The truth be say, my mind na to hammar better money next year as we dey expect bull run wey go shake everywhere. I don dey think wetin I go do to raise beta rubbers wey I go take put untop Bitcoin to collect major as we dey enter the bull run. I no forget say person suppose smart untop risk, I no forget at all but the thing wey bad well well na when person no fit take better risk when the opportunity show. Bitcoin next year go make plenty people millionaire and I wan dey among them. Make una no see am as big eye o, na me know wetin I don take this my eye see untop sapa.  Anything wey go make me escape sapa, I go do am wella provided say na legit something. I no dey reasonnPalmpay or Lapo because that na wrong format, e no good make person borrow money take buy Bitcoin. So for next year, my plan na to use Bitcoin make at least $100k make I take that one start life fes.

OP, I appreciate you for coming up with such an idea, such a thread is welcomed, every individual with different goals to achieve, unless such a person is clueless, setting up a goal not necessarily in Bitcoin but anything is supper great, in the area of bitcoin investment, as a newcomer that's focused on learning and want to be part of this community, the understanding of how to invest in bitcoin would have been inculcated in such individual by now, depending when he join this forum, Bitcoin investment is very excellent but make sure that you are not persuaded to do so, make your decision and be in control, but as me I have started accumulating the little I can, I must not wait till 2024, my own time is now, the event that's is unfolding recently about this digital asset shows that something might happen in a twinkle an eye.   

I know this mate but it was your previous post that got my attention 😅
Just keep this at the back of your mind that you can't buy bitcoin on decentralized exchange rather a centralized exchange, what you must know or note is that Decentralized exchange are known as Swap can be either being configured through Binance smart ( BSC) or Ethereum network and maybe Polygon. Even there are more network coming up but if you don't feels like using Centralized exchange then you can go for local p2p from a trusted trader here where you can buy btc from and he sends you any chosen coin in returns. You know I so much loves newbies that tends to know all while they knows nothing maybe when they starts facing difficulties then they will come back to write later about their challenges they are experiencing.

Newbies will only have a safe investment when they buy on dip or DCA some percentage of their monthly earnings weekly to Bitcoin. It will take up to 3 to 4 years to have at least 1 Bitcoin if a regular DCA of 100k Naira is invested in Bitcoin. So you see how far to go, unless the plan is not to accumulate up to 1 BTC. My point is if a newbie continues to wait till when the price is low, he might not be able to buy any Bitcoin throughout a long period of time and before you know the year will run out without accumulating any Bitcoin and those money kept while waiting for the low price will be spent unknowingly for something no worth it.
 

Your plans against the future for success is not attracted to the newbies on decision making rather testimonies of beneficiaries does.
Else everyone always have plans even though it is not actualized but more efforts to future plans by newbies is depended on their confidence to those who has merited along the lines. So if you are a successive Bitcoiner of course the newbies would emulate to take your steps as much we talk about newbies gaining something better in the forum.

I would also say you should imply disciplines while you accumulates your Bitcoin by the 2024 and entitling your accumulations with logically planning so you don't only succeed to accumulate your Bitcoin and spends it awfully.

Some persons don't even have Bitcoin talk more of  having more. This is typically when we says some person's do have knowledge but doesn't practically implement it or theorically expresses it out. That where it is said that unexpressive knowledge is a waste.

And to my  knowledge, the capacity of owning or accumulating of Bitcoin is not depended on the forums board but of individuals.

Before accumulating Bitcoin is assumed that you got some already so the ways one can accumulate Bitcoin is>>>
* Do not be haste to sell your Bitcoin because as the Bitcoin value is increased in the market ,so your Bitcoin is also increased.

* Top (buy) more to your initial Bitcoin  so as to set a higher pace to interest because Bitcoin income value rate is  based on initial (total) accumulated Bitcoin.

* And a continues trading because if you have Bitcoin stocked without trading there is absolutely no tendencies of addition as to accumulate more unless you typically rely on buying.

I am also considering by airdrops 😂

As a newbie that wants to invest and accumulate in Bitcoin, it's best you start buying it when the price is low, but if the price high, you can buy it bit but by bit for the amount you can afford in 2024, so between the beginning of the year to the middle, you've accumulated certain amount, but then keeping up it with the plans is another issue if your not strong willed.

I'm already bought a few dollar worth of Bitcoin through my brother and Mentor. I will still buy more even before 2024. Though I'm still a newbie in Bitcoin and trading, I believe by 2024, I must have gained more knowledge on trading to start trading fully.

Why wait until 2024 before you start accumulating Bitcoin, by 2024 the price should be trading for a higher price than the price it's trading at, in the market because the fomo hasn't kicked in with full force yet but will come due to people not wanting to miss the bull rush that happens before the halving. You have already advise that accumulation should be done when Bitcoin is down which isn't a bad advice so that's what we have to be doing and not waiting until next year.

Start your accumulation now, if you don't have a job to generate income in buying Bitcoin, you can use your signature earnings as your source of accumulating Bitcoin. The money we received from our signature payment shoudn't be used up. Save small as your investment, as little as 10% no go bad, e no matter how small e be but keep aside some and in a long period you for dun get better quantity of Bitcoin to give you better profits when the bull market time dun reach.

No be everybody go fit affordable one Bitcoin so we suppose dey contended with the small one wey we get. If you still dey think say dat small one wey you get no make sense, just wait make the next bull market finish and see wetin the value of that Bitcoin wey you get go be and others mightn't be able to afford it anymore just like most of us can't afford 1BTC dat was very affordable few years back.

It is a good thing to have a plan so that when the plans have worked just the way we planed it then we can start making projects.
The way the country dey go, most of us way plan ahead no dey encounter some of this hardship way almost everybody dey experience so, just because them done make their plans well and also create better opportunities for them selfs so that them go fit accomplishe the kind of plans wat them get.
If I achieve the kind of things I want, then my life go better pass the way e dey so, but I still believe am say no be to dey talk am for mouth be the matter, nah to do watin we talk, sha with the help of God and our selfs we go fit achieve anything we want if only we work hard to achieve the things.

Your talk carry plenty weight my person, all of dem na wetin we suppose carry for mind as we de expect di coming bull run. Anybody wey de into bitcoin things and e never de prepare for next years halving and ATH wey de follow am, de live under the rock. So na to find money through any legal means to de accumulate bitcoin now before di bull run go come bulldoze plenty profits enter for di investment. Who no get source of income wey sabi bitcoin, make im try get one and Begin de save to buy am, if you get job wey you no fit to save anything, find side hustle join am, because if you know wetin de and come miss out na real shame be dat.

But make we no take because of di expected bull run come give ourselves hypertension, because beta things no de finish, if we no participate for dis one wey de come, oda ones plenty wey go still come in the future. So if di fund de to buy plenty bitcoin to hold, that one de fine, but if e no work out, life goes on. Investments na secondary needs e be, so I advice to meet your primary needs first, before investment.

The truth be say some people get am for mind to accumulate as much as but another thing na say the financial means no too dey stable. Like sometimes you get some things wey you need money for, if you look up and down you go still go touch the small coin wey you dey accumulate. You fit get one kind need for family, you no go fit go dey borrow money and na who go even gree say them get to borrow you. So na the thing be that.

E just be like say when you save some cash and you get issues with money, you fit still go touch that cash hoping say you go replace am back. Things dey expensive for the country and that one na already him own challenge.

But however, make we still try our best to hodl some fractions of btc because the bull no go be here as I dey see am.

Op this strategy wey you dey talk, dem dey call am buy the dip or lump sum and to me no be em be the best strategy wey dey on ground, currently I believe the most practiced strategy naim be DCA, and em be one of the best if not possible sef naim be the best because, e no need you to dey think too much weda na dip we dey abi na just small sideways movement we dey see. And also you fit add two or more strategy to form new one wey fit suit your taste depending on the attention wey you fit give to am, another strategy wey I like na one wey Jayjuangee  introduce for one of em post, for the strategy em add both buy the dip and DCA so every week you go observe the market to find just one small dip before you do your DCA.

Dem say person wey fail to plan, plan to fail, and my plan for next year na be say, I go increase my DCA amount for a week so that at the end of the year my Bitcoin portfolio go dey show green green everywhere, I wan up my game and i still dey plan to buy hardware wallet and to set up a completely air gapped device just for the purpose of my long term bitcoin holding. 

Without proper plan all our labours are in vain. In everything planning is the Paramount thing to do first before any other movement or act. In this industry the beginners want to acquire 1 bitcoin and those who have acquired 1 bitcoin want to acquire more bitcoins. So the aims are different but the goals might be the same because everyone is planning to store their bitcoins for a long term. This is still the best time to start.

As for me, my target is to achieve 1btc before the end of 2024. And if that can be achieved then I will sell another goal with different aims again.