Is the Bull Market Officially Here? What's Happening with Capital On the Sidelines of BTC
We've all been watching BTC with close eyes. Just in the past few days, Bitcoin skyrocketed from $16k to $21k. Right now as I'm typing this, BTC is pushing $21,300.
In this clip, we're analyzing BTC Just before it skyrocketed to $21,300. Most people buy high and sell low.
The thing that you want to do is dollar-cost average into Bitcoin. I've been doing this heavily ever since we dipped below $30k.
When we were down at $16k, I bought a shit-ton of Bitcoin. I continue to stack on a daily basis, even at current prices.
Can Bitcoin go back down to $16k? Can it go back up to $30k?
Who knows. What I do know is that DCA always works over long enough timeframes.
We talk about this and previous cycles in today's clip from the AMA.
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▶️ 3Speak
For relatively inexperienced investors, this is likely the best approach. Even the most experienced ones cannot predict a top or bottom with absolute accuracy, and this is where a lot of people get burned. It takes humility and patience to be able to admit this, and it tends to work out for the best because of the relative safety of this approach in an otherwise volatile market. Thanks for this excellent reminder. 😊
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I'm not yet green. Still waiting for some more market appreciation before "I turn green". Not worried though. The worst is gone now and the halving is getting closer by the day.
Am not really sure the bull market is finally here, I just think some amateur investor's won't think it is the bull season, but at the same time, we just have to be very alert as regard the trend of the market right now
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