Be careful with how you sell your bitcoins now and don't give in to the FOMO, make sure that you're sticking to your DCA because you will never know, at this point in time, the price of bitcoin could still go down and at this specific moment that we are careful with how we sell or buy bitcoin because you might miss out on big things because you have the wrong timing in your buys and sells. Such a good feeling that I was able to get myself a lot of bitcoins before this price pumps, one really can never regret buying too much bitcoin if you look at stuff in the long-term.
Because the way the price is moving, I guess it will hit $100k above before the end of this year because the price has pump to $80k which is the highest price we have registered from the beginning of the BTC price, and it has helped many people to sell their BTC to earn profits. The price will surely go down, but it will not going to happen in the remaining months of this year, and if you want to use DCA method to accumulate BTC, it will be good you wait for bear run to come before you can use the method because the price is still pumping, which it may continue pumping higher through out this year. I know you will still buy BTC when the price start dumping again, because next year will be bear run through out next year because this year bull run has showed us how next season will look like to buyers.
Pre-election, yeah, we would not forget that? Price is very volatile, and the highest we got is $71k that time and we thought that we will reach a new all time high. But every time that there is a huge pump, the market is going on a massive correction. But we are still hoping that when Trump win or if ever he will win, the price is going to be on a parabolic rise, and that is what we have seen in the last couple of days after the election.
And the effect is not only to crypto but we have seen like $MSTR surging almost 20%. And with that kind of uptick, Microstrategy has now a unrealized profits of $10 billion from their holdings of BTC.
