Start of January is like blessing for crypto market. Crypto market start pumping from last few months but in January, it speeds up. Even Good news like Bitcoin ETFs get approved a days ago. But suddenly market gets unpredictable. I mean it went to correction mode, and then get recovered. then dump again And now trying to pump. Situation is confusing. So what are you doing now?
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I am constantly looking for altcoins that I can buy in preparation for the bull run.
Some might say "Why not Bitcoin?" I felt that I had enough Bitcoin already to hold, and I would sell it all during the bull run. I want to have some risk in my portfolio because all this time, I've been focused more on the more established ones like ADA, and ETH that's why I'm looking for altcoins below the top 100 that I believe will pump in the future. Right now, I'm looking at the market more often than it was 2 years ago when everything was in freefall. Now that I have the money, I'll continue to reallocate it to have more profits if the bull run happens. There's risk yes, but how can you get more reward if you don't risk some of your money right?
As for what's happening today, many can take the opportunity to buy more Bitcoin now that it's price is at $42,000. I mean it can just go up in price in the next few months knowing that Bitcoin halving is fast approaching. The increase will be gradual, but if you're in it for the mid to long term then the potential upside for you is quite high, and you can get huge profits.