As the count down to Bitcoin halving continues I feel I should put it up here for all to see and take every necessary and relevant steps to fill their bags as time permits. As we all know when ever Bitcoin halving is around the corner, there is always a surge in Bitcoin price from its current price to a higher one. As it stands now, we all know that the Bitcoin market is heading for a bull because of lately, there have been increase in Bitcoin price which has been long expected by the Crypto community.
There is a lot of panic amount people that are willing to stack up their bags ahead of the bitcoin halving that is coming up and the bull run that is expected to also take place and mark a new all-time high of bitcoin. FOMO shouldn’t make anyone to borrow money or use money for other important purpose and put into bitcoin. Bitcoin is said to be volatile but can make you rich in the long term if you save ahead for the bull run.
At the moment, bitcoin have been on an uptrend but don’t make FOMO to make a mistake to invest when you’re not ready for it. Take your time, use DCA to keep accumulating. Even after the halving is not still a bad time to invest as bitcoin wouldn’t have marked a new all-time high yet. It is better to invest steadily without a cut rather than investing and still taking out of the investment to solve personal financial issues again.
Hopefully, this forth coming halving would trigger a new all time high as the case maybe and as such the market is still early to enter. While doing this, use funds you can afford to lose as no one can predict the direction of the market.
The market direction can’t be predicted, but when investing in bitcoin using the term “what you can afford to lose” shouldn’t be attributed to bitcoin but rather “what you can afford to invest for the long term”. Bitcoin investment is proven to be profitable in the long run, so that term doesn’t befit bitcoin investment more but it can be used for altcoins that mostly don’t make it in the long run for profitable investment.