Hello, Hive Fam!
I hope that life is treating you well wherever you are in this part of the world.
It is good to see that Bitcoin has crossed the price mark of US$86,000. Although I am not an expert in the market and I am fairly new here, what I think is that, in the last 1 year, this is the second time I have seen this price. My entire life, I have been investing in assets like stocks, mutual funds, and physical gold. Since I started in crypto, I have seen a completely different trend because things change so fast here, which is not the case in many other markets.
While I observe that there is a lot of fluctuation in the cryptocurrency market, it is also a kind of opportunity that this market brings for its investors. For people who try to have patience and wait for the right time, I'm sure they can make great returns out of this market.
Understandably, no market is the same place, and there is always a kind of risk involved. We need to manage that risk so it doesn't affect us much by diversifying our investments and putting spare money into the crypto market.
Investing in the crypto market for me was a move because of diversification, and I'm happy that I have done it at the right time because I have been investing in Bitcoin through SIP. It's a good process where I don't need to do anything every day, and it's just that I need to ensure there are sufficient funds available in my wallet. In the language of the cryptocurrency and Bitcoin market, this process is called DCA, which is known as dollar-cost averaging, and in the traditional market it is called SIP, which stands for systematic investment plan.
The philosophy and methodology remain the same, so there is no need to get confused because ultimately we are buying the asset at a fixed interval. Every time, the average buying price is the best we can get this way. I hope that the price of Bitcoin continues to grow like this and soon we see 100k again for Bitcoin. I'm sure it is going to be a great moment for people because this will make market sentiment positive, and it will boost the morale of the investors. Thank you
Image courtesy of the CoinMarketCap website
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