If you have been watching the cryptocurrency exchange platforms for a considerable period, you have already realized that 2021 has helped many become millionaires if they have bought Bitcoins in the past or even a couple of years back.
Take a look at the pricing of Bitcoin in the month of October, and you will know why the cryptocurrency is a digital asset. Bit coin value reached an all-time high in November 2021; it reached the value of a whopping $69000!. And you must have been mourning since then that you have missed the golden chance of investing in bitcoin as the price has skyrocketed.
Reading the unpredictable market
All the global investors who have been chewing off their fingers in retention of missing to buy the bitcoins must be jumping in joy right now, as the price has dipped below $49,500. It is the trend of BTC or Bitcoin to change the direction of the price graph to move upward or downward. And the price can even go lower than it is now. So please take it as an opportunity to invest in bitcoin as the downtrend is on.
- The market may seem unpredictable, the proper analysis of the graphs and trend might give you a different picture
- The best way to invest is to make small investments when the price goes low.
Studying the charts on website is an excellent way to prepare yourself for the right buying decisions mentally.
Is it too late?
This question is common among investors. If you ask any finance expert with exceptional knowledge about the crypto market, the person will say that it is never late to buy Bitcoin. The only time it can be actually too late to buy BTC is when the mining of every bitcoin is complete, and it is inside the secure online vaults or the offline cold wallets. Of course, that day will come as you have got nearly 48 million millionaires in all the countries, and it is only possible to produce 21 million bitcoins.
The process to create value
What is the process to create more value of a Bitcoin? By design, the scarcity of BTC is the most desirable factor triggering value creation. The logic is very simple. Economic theories always indicate that an increase in the demand for a scarce asset will always drive the asset’s value higher.
So even if you plan to buy BTC when the price is going up, it can be a good time. Who knows the volume rise and price rise in the next few months? You can even double up the money in a couple of years from now. Since individual investors can only purchase fractional amounts of the biggest cryptocurrency, you have a prospective future.
Grab the deal soon
An ancient proverb says that the best time to plant a great oak tree was 30 years ago. Similarly, the best time to buy BTC was 10 years ago. And this period could also be considered the second best. The downward curve speaks it all. It shouts out loud to the investors to add more to the portfolio. By March or April of 2022, you will be holding a bulk amount in the portfolio.
Long-term investment
You have to keep in mind that the present situation is the best time to invest if you plan to keep BTC as your safest asset for long-term benefits. Indeed, the price will definitely surpass your expectations if you give up your temporary impulsions to sell. The wait of even a year or two can turn out to b the most profitable decision of your life.
Check out the flipsides
If you need some clarifications, you can take a note of the flipsides of investing in the bitcoins right now:
- Many investors globally suffer from FOMO or Fear Of Missing Out and throw all the assets into the booming investments at the peak of the cycle. But if you can control, you can increase the profit.
- In order avoid any debacle, certain things must be followed to have a much safer approach. Keep investing a fixed amount every week or every month to buy bitcoins. And the amount does not really matter.
- That way, you can revert the entry points to a mean value and pay less over time even if the market price is up.
Now is undoubtedly the best time to secure the future by investing in Bitcoins.
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