Starting February 2021, Bitcoin has historically broken through $ 40,000. Many analysts believe that the bull market in this crypto market is very different from 2017. This time Bitcoin has hit new record highs. Promoted by institutional investors. But for the majority of cryptocurrency investors, the real realistic question is: once the Bitcoin price breaks $ 40,000, should they, dare, or should they enter the market?
It should be noted that the biggest difference between this time and the 2017 bull market is the outbreak of a new virus in 2020. As a result, the US government is printing trillions of dollars. People generally feel that this will lead to long-term inflation and even financial crises. In the case of a traditional financial system failure, Bitcoin, which has the attribute of scarcity, can attract more attention than the issuance of US dollar junk, and savvy investors will try to diversify their investments to diversify risk.
At the same time, as Bitcoin's adoption rate continues to increase, the supply is constant, so its value will only continue to increase. Not only that, Bitcoin is currently withdrawing from the early stages of adoption, as large institutions have started to regard Bitcoin as a product to hedge traditional market risks, and consumers have also started trying to trade digital currency in everyday life. Soon, Bitcoin will become a core investment part of every investment company, and it will also become a universal payment method.
Now, almost every day we can see the news that institutional investors are active in the Bitcoin market. Analysts believe that, at least for now, Bitcoin may continue to rise as the market is driven by companies, institutions and billionaires, not just retail investors.
However, whenever Bitcoin reaches an all-time high, no matter whether it is a beginner or an experienced investor, it is almost inevitable that the same question will arise: "Should I buy Bitcoin now?" Especially when I hear of other people going past rock bottom. When you buy high, sell high, and make lots of money, you're going to have a really interesting thought.
I suggest that everyone allocates more than 50% of their position in Bitcoin, and mining is the best way to get Bitcoin at a lower, stronger price. Currently, bitcoin is worth about 40,000 US dollars, and the minimum cost of one bitcoin can be around 13,000 US dollars through mining.
I think most investors want to get multiple profits by influencing prices, and want their DCA balance sheet to get a high%, especially now that the power of blockchain is echoing around the world,
but to have a safe position
strongly recommended using DCA, as asset value,
@kingzofcrypto thank you for reading,
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your very welcome lets connect :)
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awesome info, I tell people that if you use DCA on your purchases then you never have to worry about the price of BTC :)
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