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The dynamics of the Bitcoin market have always been closely followed by investors. Recently, there have been rumors that Bitcoin may reach a price of $150,000 in October, but this could just be the beginning. Historically, the price movement of Bitcoin often shows a process of qualitative change to quantitative change.
Observing the monthly chart of Bitcoin, we can find that there is a phase of crazy upward movement in each cycle, often referred to as "topping out". This aligns with the Pareto principle, which states that 80% of effects come from 20% of causes. In the Bitcoin market, this means that most of the gains are usually realized in a relatively short period.
Based on this understanding, many investors choose to hold Bitcoin for the long term. Their goal is not to follow the daily minor fluctuations, but to be able to steadily achieve 80% of the potential returns during that critical 20% of the time. This strategy essentially entrusts the growth of wealth to time, believing in Bitcoin's long-term appreciation potential.
However, investors should also be aware that the cryptocurrency market is highly volatile and uncertain. Although historical data shows the growth potential of Bitcoin, past performance does not guarantee future results. Investors should comprehensively consider their risk tolerance and investment objectives when making decisions.