Historical Bitcoin charts are indicating that the bull season is now in effect, actually it had been in effect ever since the US ETFs for BTC among other ETFs from southeast ASI namely Hongkong is making as one big factor for making the price of Bitcoin to jump up into these current levels which we didn't see for the last few months. Just recently the inflows to Blackrock's ETF was the one thing that brought the value of BTC to visit the sub-67K price levels.
The US federal reserve bank "rate cuts" to let regional banks borrow money with lesser interest to pay back and it makes businesses borrow money with the same lesser burden to payback and the Chinese government quantitative easing, giving out stimulus checks to big businesses are also in effect, contributing to the inflation as an after-effect and subsequently adding more dollar value to BTC. This is similar to what happened during the pandemic where "helicopter money" is given to people and businesses and it let people to buy BTC and BTC just went up in value aside from the artificial stimulus to the economy which didn't stick because all that money has to cause inflation afterwards.
Because Bitcoin which is also a commodity and it too is riding on the force of inflation considering that other factors are in play to push its price higher like the aforementioned big buy of ETFs and further adding scarcity to the number of BTC that a person or group of people and other big and small entities to own a single Bitcoin because of the law of supply and demand.
Who would even know the price of BTC to reach these levels? So apparently none of us because myself being a believer of BTC ever since it was still in the 190 to 210 dollar price points didn't imagine that in happening although I know that it will go up in price but not in these very life-changing prices where even a single Bitcoin will set you up great even if you just hold it. What is more better to realize is that the price goes up in special months after the halving and giving us all the opportunity based on history to sell and then wait for the brutal bear market to arrive because it soon shall arrive and then buy back at relatively cheaper prices in order to gain more BTC.
Based on the chart it is always like that and because of it, the price of BTC still remains to be predictable in a long term perspective. The bear market always happens because in-between the halving events there are so many bad news that are popping left and right along with many holders trying to cash-out within these long three years or so of waiting for the next halving event of Bitcoin which is the only force that gives pressure to buy BTC. The in between halving events creates the bear market situation and it makes it inevitable to happen which is why crypto-winter happens for the reason that BTC halving happens every four years.
Although it takes too much time relative to human lives that are so short considering that many factors around us makes us all ill and weak and susceptible to getting sick and weak and all that, the wait is indeed quite painful particularly those that are in the sunset of their lives. The only thing that we can do in order for us to enjoy the fruits of our labor in making use of our profits is to invest in altcoins which would give us dividends while we are waiting.
That is why the emergence of staking coins is very beneficial especially those that have lots of funds to substantially profit from it are happy because they will enjoy the continuous inflow of profits without doing anything except for selling their profits within their comfortable time and then wait for that crucial sweet time to sell in order to acquire stable coins so that they can double their stake and when buying back those staking coins at cheaper prices again after the bull market so that they can enjoy more staking rewards and maybe settle down and enjoy another level of happiness.
Well it also sounds like a plan because it is a type of a plan in order for us to maximize our gains by not only making sure that our digital asset will not get used up and dwindle down but also will give us added opportunity to make it big in the future. The pursuit of happiness seems to be made easier for the select group of people who are aware of this type of financial technique because its sounds so brilliant thanks to the innovative person or talented people which made it happen for the benefit of many.
Although it is not as easy as it sounds because growing money which you must have in the first place is so slow if you will just start at zero especially now that prices are still expensive even within these relatively low price of Altcoins where you can find lots of cryptocurrencies which offers passive income. So the early adopters or "early birds" of BTC in particular are enjoying a continuous supply of "worms" because they are able to use resources in order to utilize the benefits of some select or type of Altcoins to provide them the utility of making passive income from such types of staking coins in particular.
I am emphasizing a key point here which is to time the market based on a long term perspective. You cannot possibly time the market except if you are looking based on events even if it a major good or bad news because we can already see on how the cryptocurrency market had been doing as I had mentioned already. So putting your positions in the market based on the given historical guide of the price action in long-term will fully benefit you with less worries and work if you are just patient enough because patience is another one great key in order for you to win in this game.
It's because most of the time based on long-term charts, it will not happen instantly because the waiting times are in a matter of seasons and like any other things under the Sun with the aforementioned technique above as mentioned, there is are seasons of gathering or accumulating and there is a season of plenty into which we must act upon because it will only take a few months for a full bull market to complete so that we can gain more seeds aside from the fruits of our labor and then doing it again in the next season (cycle).
Photography device: Oppo A92
Camera Sensors: 48MP Main Camera
Camera Mode: HDR
ᴀʟʟ ᴛʜᴇ ɪᴍᴀɢᴇs ᴀʙᴏᴠᴇ ᴀʀᴇ ᴄᴀᴘᴛᴜʀᴇᴅ ᴀɴᴅ ᴏᴡɴᴇᴅ ʙʏ @cryptopie 𝘶𝘯𝘭𝘦𝘴𝘴 𝘰𝘵𝘩𝘦𝘳𝘸𝘪𝘴𝘦 𝘪𝘯𝘥𝘪𝘤𝘢𝘵𝘦𝘥
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Upvoted! Thank you for supporting witness @jswit.
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wow beautiful view thanks for sharing.
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Congratulations, your post is upvoted by CCS curation trail from CCS - A community by witness @visionaer3003.
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