Bitcoin's Price is Exploding? Where is it Going From Here!?
Hi All,
We have seen a parabolic runup in the Bitcoin price the past couple of months and the big question is why is this, and where is it going from here?
I strongly believe that the price will keep trending higher as we approach the halving, but it will be a volatile year for the asset given a lot of the macroeconomic conditions.
I think it is important to consider the following points with this asset:
- Dollar-cost averaging has and remains to be a steady strategy for smoothing out the highs and lows of buying in the market
- Be there in the bear market as much as you are there in the bull market
- Far too often we can get fixated on price, at the end 1 bitcoin=1 bitcoin
- It is important to not take on too much debt when buying bitcoin
- Keeping strong conviction in all stages of the market
- Understanding that it is so hard to time the market
Anyways what are your thoughts on all the crazy price action we have been seeing in Bitcoin lately? Do you think we may see the start of a new long bull market, or do you think we see a big dump after/before the halving?
Best Regards,
SatsMates
Bitcoin Buys: https://invite.strike.me/2MSTYG
Financial Disclaimer: Nothing stated in this video is a recommendation from SatsMate to buy or sell a particular security or asset class. It would help if you wisely considered your tolerance for risk, time horizon, and financial goals before making an investment. With investing, you risk losing money, always read an investment prospectus and make an informed decision before allocating capital to a particular investment.
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