Bitcoin did cross $30k and hit highest of $30244 for today, the lowest price it touched is $29443. However the Bitcoin price couldnt manage to stay above $30k now it is trading around $29500.
Above Stats negate many of the experts prediction about Bitcoin. Many were saying that Bitcoin will be going down to $26k which didn't happen. People following these experts were not expecting Bitcoin to touch $30k.
After the prediction getting failed we still see many of these crypto analysts saying bitcoin will be going more lower. Well, even if it goes to the price where they are saying, it will be good for the users who look for the dip to get their bags full.
Personally, i want Bitcoin to go up because thats what will drive up the rest of the crypto market or in other words it will pump altcoins. This is because we know that Bitcoin's Price movement matters a lot when it comes to altcoins.
And if the price of Bitcoin dips somehow then im ready to buy as DCA is the perfect strategy to gain profit in crypto industry. In the above two scenarios , i am happy in both outcomes.
Bitcoin's price may fall more for now but that would be temporary, true believers of it know that Bitcoin will go up eventually as it is Born to fight against the centralization and to rule the fiat system.
Bitcoin is already getting attention across various countries. We know that El-Salvador is the first country accepting Bitcoin as legal tender. Many more will embrace the crypto technology but it will take some time.
If you are reading this then congrats as you are still early in crypto. Many will cry once they Realize the potential of it. Being early in crypto means you have the chance to get your hands cheap onto crypto.
For example Bitcoin price increased a lot since it is created. Ten years ago it was very cheap but people considered it as joke and ignored it now one bitcoin is worth thousands of Dollars. Similarly the prices will not be the same after ten years from now.
If you buy Bitcoin or any other solid crypto like $Hive or $Leo then it can give you a huge profit in next 5 to 10 years. If you think about the long-term benefit then you are good to go.
Many users in crypto focus on short-term profits which is not the way to build up a nice portfolio. I would advise you to think about the broader vision and dont fall for little profits, Think about the longterm hodling. You will be happy with this decision of yours.
Thats it for today.
Thanks for reading.
What do you think about my today's topic? Let me know your thoughts in comment section.
In the end i would like to Wish you and your family a happy day ahead. Stay Blessed.
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