This market has been speculative for years though, even since in the beginning. So we already understand how everything works, it's volatility, FOMO and what parameters affect the price. The good thing is that many of us knows how to play around and take advantage of it.
And so right now, with the whole ETF approval as 100% already, this could fuel the price to go up and ramp up before the halving. And then with the halving, it will pushes the price, and we all know that it will be the catalyst as we have seen it based on our history. So I think we can see 6 digits as our baseline for a new all time high, and it might peak at around 2025.
There are some people who deal with TA and indicators, charts and all that but there are also a lot of people who do not deal with any of that, and those people know that they are just going to end up holding and waiting out all those periods and make a profit. I am one of those people, I do not care what happens, all the volatility, all the craziness that is going on, none of that matters to me and all I do is just keep on buying and keep on waiting.
Yes, and I think majority here is pure HODLer, investors who don't trade literally and just accumulate as much as they can, with strategies like DCA or simply buying when there is a dip, easy peasy. As for the ETF approval, we have seen it already, but give it some time to have a full effect on the market. I'm thinking that the effect or at least huge money is going to flow to us, once the block halving has been completed and then the supply dwindling.
I use this as my retirement pension, so if I am right and it goes up, then I will retire wealthy, but if I am wrong and I do not make that kind of money, then I am going to end up with a lot of trouble without a doubt. That means I will retire poor, and I do not know what happens when you are too old to work and have no money.
You're not the only one mate, there are really smart individuals in Bitcoin right now. And they are going to invest their money, although there are risk involved obviously. But who cares about the risk? I mean all investments and businesses have risk and so we will have to take that and mitigate at some point. But Bitcoin though shows us that if we invest and have patience, definitely, it's going to be rewarding as we can make huge profit in the future.
