Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.
This is why it is not advisable to encourage people to invest in Bitcoin because bull run is coming.
Isn't it a right timing to invest in Bitcoin because a bull run is coming? When do you suggest to invest in Bitcoin? When the bear market is coming? Since the bull run is coming, those who invested before the bull run will surely get a profit when the bull run comes. I believe it is best to accumulate Bitcoin before the bull run and not before the bear market take place.
The current Bitcoin transaction hike is not because of the higher volume of Bitcoin transactions but because of the Rune that is launched right after the Bitcoin hlaving.
Our only duty is to teach someone about bitcoin and tell them the risk involved in Bitcoin investment.
Actually, we do not have any obligation to teach anyone about Bitcoin. Teaching people about Bitcoin is voluntary not mandatory unless you are paid for it.
No one knows the direction of the market, the bull run might not be as resounding as we think and could also not happen. Even if it will happen no one knows exactly when and to what extent.
That is why we need to accumulate either through bulk buying or DCA before the bull market take place.
Little did we know that bitcoin will meet a new all-time high before halving. Assuming majority of the people knew that a new all-time high would be gotten before halving, everyone would have made the profit they needed and there would be no need for bull run.
Whether one needs a bull run or not, the bull market may occur if the recent price is more than 20% of the current market bottom. It is a natural occurrence of a market regardless of whether people need it or not.